Cash Ur Drive Marketing Ltd. (CUDML)
SME CapMedia stocks · SME cap · NSE
CASHurDRIVE, founded by Raghu Khanna, transforms mobility and public infrastructure assets into scalable advertising platforms. It has evolved from a transit media business into a diversified mobility-led media network spanning transit, outdoor, digital, and EV infrastructure media, monetizing cabs, buses, EV charging stations, and digital OOH.
One read, four checks
75+ is strong, 60-74 is usable, 45-59 is mixed, and below 45 needs caution. These are research lenses, not buy/sell instructions.
Weak fundamentals, management trust is acceptable, price trend argues for patience, and recent execution is mixed.
Fundamental lens: valuation, quality, growth, balance sheet, and cash flow.
low confidence · 0/0 claims checked
Timing lens: price trend and sector relative strength.
Rolling lens: recent quarterly delivery, not the latest single-result score.
Quarter ended 31 Mar 2026
Average · 30/100YoY data unavailable — classification deferred
| Metric | This quarter | YoY | QoQ |
|---|---|---|---|
| Revenue | ₹109 Cr | NDF | +39.7% |
| EBITDA | ₹20 Cr | +81.8% | +42.9% |
| Operating margin | 18.0% | +400 bps | +100 bps |
| PAT | ₹19 Cr | NDF | +72.7% |
| PAT margin | 17.4% | +427 bps | +333 bps |
NDF means not disclosed in the current structured filing feed. It is intentionally not treated as zero.
Business & thesis
Growth engines, tailwinds/headwinds, and risk radar from management commentary
Business & thesis
Growth engines, tailwinds/headwinds, and risk radar from management commentary
Where growth can come from, and what can break the case
CUDML reported robust FY26 financial performance with revenue growing 31.1% YoY to ₹186.67 Cr and PAT increasing 65.0% YoY to ₹29.40 Cr, driven by strategic expansions in EV infrastructure and mobility platforms.
The company demonstrates strong financial growth and is strategically expanding its proprietary media inventory through investments in EV charging infrastructure and mobility platforms. This infrastructure-led approach aims to secure long-term revenue opportunities, though execution risks in new segments remain key.
Scale EV Media Ecosystem
Focus on EV Charging, EV Fleets, Green Mobility Assets to create new media inventory.
New Markets & New Formats
Expansion into South India, Tier II/III Cities, Metros, Airports, and Trains.
Higher-Value Media Assets
Increasing share of higher-margin proprietary inventory, targeting ~50% Exclusive Media Mix.
Technology-Led Execution
Leveraging AI Planning, ROI Tracking, and In-House Printing Production.
EV Charging Stations
Currently operates 498+ EV Charging Stations.
Public Bicycle Shelters
Manages 354+ Public Bicycle Shelters.
Digital OOH Screens
Operates 95+ Digital OOH Screens.
Rishikesh Concession
Secured a 10-Year DBFOM concession for development and operation of EV charging stations with advertising rights.
EV Infrastructure Scaling
Charging networks are creating a new layer of long-term media inventory.
Media Moving Outdoors
Brands are looking beyond traditional channels for high-impact advertising.
Mobility Expanding
More vehicles, more commuters, and increased visibility are expanding media opportunities.
Fluctuations in Earnings
Future business prospects are subject to risks and uncertainties regarding fluctuations in earnings.
Ability to Manage Growth
Risks include the company's ability to manage growth effectively.
Competition
The company faces competition from both domestic and international players.
Government Policies and Regulations
Risks include government policies and actions regulations.
Management accountability
What management said, and what results must prove
Management accountability
What management said, and what results must prove
What management said, and what results must prove
Issuer guidance and extracted claims are tracked against later reported outcomes. Treat these as management statements, not IndiaPulse forecasts.
Financials are presented annually, reflecting long-term business trends and strategic shifts rather than short-term sequential fluctuations. This comparison best highlights the company's growth trajectory and the impact of its strategic initiatives over time.
Cabs Wrapped
100K+ Cabs Wrapped
Buses
1,900+ Buses
EV Charging Stations
498+ EV Charging Stations
Digital OOH Screens
95+ Digital OOH Screens
Building Infrastructure-Linked Monetization
Management is focused on building infrastructure-linked monetization opportunities.
Expanding Mobility Ecosystem Presence
The company is expanding its presence across the mobility ecosystem, including a ~19.06% stake in Kolkata Call Taxi.
Creating New EV Media Inventory
Management is creating new media inventory through charging networks, including a 50% stake in CharjKaro Greentech Mobility.
Targeting Exclusive Media Mix
Management aims to increase the share of higher-margin proprietary inventory, targeting ~50% Exclusive Media Mix.
Numbers and claims to verify in the next filings
| Checkpoint | Current evidence | What to verify next |
|---|---|---|
| Revenue Growth (YoY) | 31.1% in FY26 | Sustained growth rate above 25% driven by new asset monetization. |
| PAT Margin | 15.28% in FY26 | Improvement towards 17-18% as higher-margin exclusive media mix increases. |
| Exclusive Media Mix | 32% of revenue from Exclusive Segment | Progress towards the ~50% target, indicating successful proprietary inventory acquisition. |
| EV Charging Stations | 498+ stations | Continued expansion of EV charging station footprint and successful monetization of advertising rights. |
Verification checkpoints are IndiaPulse research interpretation, not investment advice.
Trend score and candlestick chart
37BearishSMA20 -29.9% / mo · MACD +
Technical chart
CUDMLdaily · 1Y · AUTO+8.7%Daily technical trend read
Mixed signalsSignals are conflicting — long-term trend down. RSI 35. Wait for confirmation.
- Price below SMA200 (long-term downtrend) — short-term bounces likely countertrend.
- SMA20 falling (~42.6% over last month) — short-term momentum negative.
- RSI(14) at 35 — rising, no extreme reading.
- MACD above signal, histogram expanding — bullish momentum building.
- 45% off 52W high · 24% above 52W low.
Mechanical read from the price + indicator series above. Not a recommendation — technical setups can reverse without warning, especially around earnings and macro events.
Valuation & score drivers
U-Score 39 · WATCHLIST · pillar breakdown, sector model, fair-value anchor
Valuation & score drivers
U-Score 39 · WATCHLIST · pillar breakdown, sector model, fair-value anchor
Fundamental score breakdown
WATCHLISTWhy this score?
Top U-Score contributors and drags from the latest stored fundamentals.
Positive drivers
- Fair-value margin of safety is positive at 15.3%.
- Valuation contributes 24/30 to the score.
- Quality contributes 11/20 to the score.
Main drags
- Penalty bucket subtracts 7 points.
- Cash flow is weaker at 0/10; verify the latest quarterly trend.
- Growth is weaker at 2/25; verify the latest quarterly trend.
IT valuation: PE and EV/EBITDA against growth and margins
Asset-light IT companies deserve valuation support only when growth, margins, and cash conversion hold up.
Stored run vs live recompute
This shows the stored score trend when snapshots exist, and also compares the latest stored nightly score with a live recompute from current fundamentals and price.
Score history
12 stored score snapshots. Latest stored move: +2 points.
Factor attribution
Modelled fair value
Trust score
Does management behaviour match later outcomes? Claim delivery, forensic breakdown, evidence depth
Trust score
Does management behaviour match later outcomes? Claim delivery, forensic breakdown, evidence depth
Trust asks: does management behaviour match later outcomes? Higher is better, but confidence and evidence depth matter as much as the number.
Mixed Trust: Claim history is still being built. It ranks around the 45th percentile of the scored universe and 61st percentile within Media. Main check: cash conversion is weak at 28/100.
Healthy Trust Lite: Promoter holding is 57.2%. Key concern: Operating cash flow is negative at ₹-20 Cr.
Usable, but needs evidence. Treat guidance with a margin of safety.
overall median 67 · Media: 61st pctile, median 62 · SME: 56th pctile, median 64
5 documents have extracted text, but claim history is not strong enough yet.
0 claims extracted · No contradicted claim yet
How to read this Trust Score
Mixed Trust · low confidenceRead Trust alongside U-Score, result consistency, and technical trend. A cheap stock with weak Trust needs a larger margin of safety; a high Trust score does not make an expensive stock attractive by itself.
Forensic breakdown
Read low sub-scores as due-diligence warnings, not automatic sell signals.
Trust positives
- ▸Promoter holding is 57.2%.
- ▸Promoter pledge is zero.
- ▸Debt/equity is 0.01.
- ▸OPM spread across recent quarters is 4%.
Trust risks
- ▸Operating cash flow is negative at ₹-20 Cr.
- ▸Only 0 years of positive FCF.
Trust Lite uses financial behaviour only. Prefer claim-tested Trust when enough concall claims have later outcomes.
Financials
Full fundamentals table and 10-year revenue / profit / ROE history
Financials
Full fundamentals table and 10-year revenue / profit / ROE history
Fundamentals
Valuation
- P/E
- 6.26
- P/B
- 1.35
- EV/EBITDA
- 5.50
- Market Cap
- 186.00Cr
Profitability
- ROE
- 21.60%
- ROCE
- —
- ROA
- 14.71%
- Dividend Y
- —
Growth (CAGR)
- Revenue 5Y
- —
- EPS 5Y
- —
- Revenue 3Y
- —
- EPS 3Y
- —
Balance Sheet
- Debt/Equity
- 0.01
- Interest Coverage
- —
- Altman Z
- 4.19
- Book Value
- 77.70
Cash Flow
- FCF Yield
- —
- FCF Positive Y
- 0/5
- OCF
- -20.00 Cr
- EPS TTM
- 16.80
Shareholding
- Promoter Hold
- 57.23%
- Promoter Pledge
- 0.00%
- Momentum 52W
- 19%
Financial History
Updated 5/9/2026
Revenue
₹ CrNet Profit
₹ CrReturn on Equity
%Peers
Business-comparable names in Media, ranked by similarity
Peers
Business-comparable names in Media, ranked by similarity
Peers
Business-comparable peers in Media — ranked by industry, sub-sector, theme-tag overlap, market cap, and U-Score similarity. Green cells mark the best available peer metric in this table.