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Cash Ur Drive Marketing Ltd. (CUDML)

SME Cap

Media 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.

₹92.3
+1.30 · +1.43%
Market cap ₹163 Cr
Data qualityVerify one data layerQuote updated 21 Oct, 04:45 am IST
Details
Quote21 Oct, 04:45 am IST
Base fundamentals16 Oct 2026 · screener
Latest result01 Jun, 07:53 pm IST
Score21 Oct, 04:30 am IST · v4.3-runtime-valuation
Tags24 Apr 2026
Coverage9/14 · 64%
Valuation2026-07-20 · Rf 6.8% · Media P/E 15.0 (n=57)
Technical timing lens

Trend score and candlestick chart

51Neutral

full bear SMA stack · SMA20 -3.6% / mo · MACD − · near 52W low · sector +12.7pp vs Nifty 500 (3M)

Stock trend: 18
Sector RS: 100
Sector 3M: +7.1% vs Nifty 500 -5.6%

Latest FPI flow is positive, but a second consecutive positive fortnight is still required. View sector evidence

Technical chart

CUDMLD candles · FIT view-31.0%
Latest close ₹92.30 on 2026-10-16
Bar
+0.3%
RSI
38
MACD hist
-0.38
52W pos
11%
Visible chart range
Candle interval
2026-10-16O ₹92.00H ₹92.70L ₹89.30C ₹92.30Vol 1.4L sh
₹74.55₹105.05₹135.55₹166.05₹196.5452H52L₹92.30VolRSIMACD2026-042026-062026-082026-092026-11
Up bar
Down bar
EMA 20
EMA 50
Volume + 20D avg
Result date
RSI(14)
MACD / signal
Market context

Relative performance and chart statistics

Adjusted completed-session prices, rebased to 100

CUDMLNifty MediaNifty 500
-53%-31%-8%+14%17 Jul31 Aug16 Oct16 Oct 2026CUDML -44.4%Nifty Media +8.4%Nifty 500 -4.6%
CUDML
-44.4%
Nifty 500
-4.6%
Nifty Media
+8.4%
Vs Nifty 500
-39.8 pp
Chart stats
16 Oct 2026
From 52W high
-51.7%
₹191
52W range position
11%
₹80.1 - ₹191
ATR (14)
5.4%
₹5
Volume vs 20D
5.43x
Latest completed session
Avg traded value
₹0.3 Cr
20-session average
20D price channel
₹80.1 - ₹108
79.0% annualized volatility
Research snapshot

What the evidence says now

Weak fundamentals, management evidence is still limited to a financial-only Trust Lite signal, price trend is neutral, and recent execution is mixed.

Suggested next step
Research, do not rush
The evidence is not strongly aligned. Compare peers and wait for a cleaner setup.
U-Score
Legacy · WATCHLIST
42

Fundamental lens: valuation, quality, growth, balance sheet, and cash flow.

Latest result
Pending data
—

Revenue NDF · PAT NDF YoY

Technical
Neutral
51

Price trend and sector-relative-strength timing.

Valuation
Legacy model
+25.7%

Legacy margin-of-safety estimate; the revised evidence label remains in shadow validation.

Trust
Limited evidence
65

Financial-only signal; management claim evidence is not sufficient yet.

Financials

Fundamentals, quarterly history, margins, returns and balance-sheet evidence

Latest result

Quarter ended 31 Mar 2026

Pending data

YoY comparison unavailable - result verdict pending data

Filed 31 Mar 2026
Open results browser →
MetricThis quarterYoYQoQ
Revenue₹109 CrNDF+39.7%
EBITDA₹20 CrNDF+42.9%
Operating margin18.0%NDF+100 bps
PAT₹19 CrNDF+72.7%
PAT margin17.4%NDF+333 bps

NDF means not disclosed in the current structured filing feed. It is intentionally not treated as zero.

Fundamentals

Valuation

P/E
6.02
P/B
1.19
EV/EBITDA
4.82
Market Cap
163.00Cr

Profitability

ROE
19.70%
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
3.98
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
11%

Financial History

Updated 19/10/2026

Revenue

₹ Cr
Latest: 109+39.7% vs prev
0109.0Sep 2024: 64.0Mar 2025: 76.0Sep 2025: 78.0Mar 2026: 109Q2 24FY25Q2 25FY26

Net Profit

₹ Cr
Latest: 19.0+72.7% vs prev
019.0Sep 2024: 8.0Mar 2025: 10.0Sep 2025: 11.0Mar 2026: 19.0Q2 24FY25Q2 25FY26
ROE is shown only in the Annual view — quarterly equity data isn't published.

Technicals

Trend interpretation, Stage 2, relative strength, volume and indicator evidence

Daily technical trend read

Bearish setup

Trend is weak — long-term trend down. RSI 38.

  • Price < SMA20 < SMA50 < SMA200 — full bearish stack.
  • SMA20 falling (~3.7% over last month) — short-term momentum negative.
  • RSI(14) at 38 — falling, no extreme reading.
  • MACD below signal, histogram expanding negatively — bearish momentum building.
  • 52% off 52W high · 15% 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.

Nifty 500 leadership

Relative Strength & Trend Stage

9
RS percentile
Stage 4 Downtrend
1M return
-12.1%
3M return
-47.4%
6M return
-23.0%
1Y return
-38.9%
RS 1D
+2
RS 20D
-10
Sector rank
#15
Industry rank
#64
Stage evidence
  • Price is 29.6% below the 30-week proxy.
  • The 50-DMA is below the 30-week proxy and its slope is falling -0.8%.
  • Both 3-month and 6-month returns are negative.
50-DMA
price below
200-DMA
price below
Sector
lagging
Industry
lagging
Relative-strength line vs Nifty 500 (base 100)
243 observations
16 Oct 2026Value 62.36+1.02%
587593110128Sept 25Jan 26Jun 26Oct 2662
RS vs Nifty 50062

Valuation & peers

U-Score 42 · legacy U-Score band WATCHLIST · valuation evidence and comparable companies

42U-SCORE
Deep Value

Fundamental score breakdown

U band · WATCHLIST
Valuation27/30
Growth2/25
Quality11/20
Balance Sheet8/15
Cash Flow0/10
Piotroski
3/9 (+1)
Penalties
-7
Raw sum
42

Why this score?

Top U-Score contributors and drags from the latest stored fundamentals.

42/100 · legacy band WATCHLIST

Positive drivers

  • Fair-value margin of safety is positive at 25.7%.
  • Valuation contributes 27/30 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.
Sector valuation model

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.

IT PE/EVEBITDA
Primary lens
PE and EV/EBITDA relative to revenue growth, margins, and cash conversion.
Secondary checks
Deal pipeline, attrition, dollar revenue growth, FCF yield.
Main risk check
Low PE can reflect weak growth or margin pressure.
PE
6.0
PB
1.2
EV/EBITDA
4.8
ROE
19.7%
ROCE
—
FCF Yield
—
Debt/Equity
0.0
MoS
+25.7%
Score movement

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.

Stored run: 21 Oct 2026
v4.3-runtime-valuation
Final score
42
Previous: 42
Legacy U-Score band
WATCHLIST
Previous: WATCHLIST
Margin of safety
+25.7%
Previous: +25.4%

Score history

12 stored score snapshots. Latest stored move: +0 points.

21 Oct 2026
v4.3-runtime-valuation
39
39
39
39
39
41
42
42
42
42
42
42

Factor attribution

No pillar movement versus the latest stored run. Historical score trend will appear after snapshot storage is enabled.

Modelled fair value

Graham Number
₹171.38
+46.1% MoS
Growth-justified P/E
7.4
Growth-justified Value
₹124.15
+25.7% MoS
PEG
—

Comparable companies

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.

Compare all ↗
Ticker
Name
Why peer
Score
PE
ROE
MoS
Verdict
BAGDIGITAL
SME
B.A.G. Convergence Ltd.
Media & Entertainment
match 145
58
20.7
21.7%
+36%
FAIR VALUE
DGCONTENT
Small
Digicontent Limited
Media & Entertainment
match 128
34
8.5
11.6%
-408%
WATCHLIST
RADIOWALLA
SME
Radiowalla Network Ltd.
Media & Entertainment
match 125
15
152.0
0.7%
-1048%
OVERVALUED
UFO
Small
UFO Moviez India Limited
Media & Entertainment
match 124
66
9.2
6.3%
+57%
UNDERVALUED
PHANTOMFX
SME
Phantom Digital Effects Ltd.
Media & Entertainment
match 121
39
4.7
13.0%
-133%
WATCHLIST

Business, management & trust

Growth engines, risks, management commitments and evidence-backed delivery

Business and thesis

Where growth can come from, and what can break the case

Thesis intactReviewed 2026-08-16T07:27:56.096Z
Management commentary snapshot

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.

Growth engines

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.

Capacity and execution

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.

Tailwinds

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.

Risk radar

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

Issuer guidance and extracted claims are tracked against later reported outcomes. Treat these as management statements, not IndiaPulse forecasts.

Analyst reading lens
Compare YOY

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.

Sector KPIs management disclosed

Cabs Wrapped

100K+ Cabs Wrapped

Buses

1,900+ Buses

EV Charging Stations

498+ EV Charging Stations

Digital OOH Screens

95+ Digital OOH Screens

Management forward view

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.

Thesis monitor

Numbers and claims to verify in the next filings

CheckpointCurrent evidenceWhat to verify next
Revenue Growth (YoY)31.1% in FY26Sustained growth rate above 25% driven by new asset monetization.
PAT Margin15.28% in FY26Improvement towards 17-18% as higher-margin exclusive media mix increases.
Exclusive Media Mix32% of revenue from Exclusive SegmentProgress towards the ~50% target, indicating successful proprietary inventory acquisition.
EV Charging Stations498+ stationsContinued expansion of EV charging station footprint and successful monetization of advertising rights.

Verification checkpoints are IndiaPulse research interpretation, not investment advice.

Trust Score
65Limited evidence · low confidenceTrust Lite

Trust asks: does management behaviour match later outcomes? Higher is better, but confidence and evidence depth matter as much as the number.

Limited evidence: 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.

This is a financial-behaviour screen, not a claim-tested management reliability verdict.

Computed 05 Sept 2026
management-trust-v1
5 docs text-extracted · 2 concalls text-extracted
Score band
Limited evidence

Financial behaviour is scored, but management claims do not yet have enough outcome checks.

Relative rank
45th percentile

overall median 67 · Media: 61st pctile, median 63 · SME: 56th pctile, median 64

Evidence depth
Financial-only

5 documents have extracted text, but claim history is not strong enough yet.

Claim delivery
Outcome history still building

0 claims extracted · No contradicted claim yet

How to read this Trust Score

Limited evidence · low confidence
What it measures
Reliability of management and financial delivery, using financial behaviour only.
Confidence
Treat this as an early read until more concalls and outcomes are matched.
Investor use
Acceptable, but check the weakest sub-score before increasing exposure.

Read 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.

Promoter
86
strong · holding, pledge, alignment
Cash flow
28
weak · profit to cash conversion
Balance sheet
88
strong · leverage and solvency
Discipline
68
acceptable · capital discipline
Results
63
acceptable · quarterly consistency

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.

Important announcements & filings

Latest exchange and company disclosures found within the past two years.

7 shown
Investor presentationJun 2026

Jun 2026 · PPT

Source: Nse

Open source ↗
Investor presentationJun 2026

Jun 2026 · PPT

Source: Nse

Open source ↗
Concall transcriptJun 2026

Jun 2026 · Transcript

Source: Nse

Open source ↗
Annual reportMar 2026

Mar 2026 · Annual Report 2026

Source: Nse

Open source ↗
Concall transcriptNov 2025

Nov 2025 · Transcript

Source: Nse

Open source ↗
Investor presentationNov 2025

Nov 2025 · PPT

Source: Nse

Open source ↗
Annual reportMar 2025

Mar 2025 · Annual Report 2025

Source: Nse

Open source ↗
Verify on:NSE India ↗
All information is for study purposes only. For investment decisions, consult your financial advisor. See Playbook for methodology.