Indiamart Intermesh Ltd
IndiaMART, the first and largest B2B digital marketplace in the country, today stands out as a game-changer on the B2B landscape. It focuses on integrating the Small and Medium Businesses (SMEs) into the new paradigm with speed and ease, we are constantly pushing the frontiers of innovation to make the online marketplace more accessible, visible and engaging to them. [1]
- Market Cap ₹ 15,761 Cr.
- Current Price ₹ 2,628
- High / Low ₹ 3,336 / 2,393
- Stock P/E 47.0
- Book Value ₹ 289
- Dividend Yield 0.76 %
- ROCE 24.0 %
- ROE 17.7 %
- Face Value ₹ 10.0
Pros
- Company is almost debt free.
- Company has been maintaining a healthy dividend payout of 19.8%
Cons
- Stock is trading at 9.08 times its book value
- Earnings include an other income of Rs.209 Cr.
- Working capital days have increased from -71.4 days to 370 days
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Sector: E-Commerce/App based Aggregator Industry: Miscellaneous
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|
176 | 254 | 318 | 411 | 507 | 639 | 670 | 753 | 985 | 1,197 | |
228 | 373 | 391 | 487 | 490 | 472 | 344 | 458 | 755 | 906 | |
Operating Profit | -52 | -119 | -74 | -76 | 17 | 167 | 326 | 296 | 230 | 291 |
OPM % | -29% | -47% | -23% | -19% | 3% | 26% | 49% | 39% | 23% | 24% |
23 | 8 | 14 | 19 | 41 | 69 | 87 | 112 | 181 | 209 | |
Interest | 0 | 1 | 0 | 0 | 0 | 3 | 7 | 5 | 8 | 9 |
Depreciation | 3 | 4 | 5 | 3 | 4 | 21 | 16 | 12 | 31 | 36 |
Profit before tax | -32 | -115 | -64 | -60 | 54 | 211 | 389 | 390 | 371 | 454 |
Tax % | -0% | -0% | -0% | 191% | 63% | 30% | 28% | 24% | 24% | 26% |
-32 | -116 | -64 | 55 | 20 | 147 | 280 | 298 | 284 | 334 | |
EPS in Rs | -17.43 | -63.34 | -35.16 | 27.38 | 3.50 | 25.50 | 46.09 | 48.71 | 46.38 | 55.69 |
Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 20% | 16% | 2% | 22% | 36% |
Compounded Sales Growth | |
---|---|
10 Years: | % |
5 Years: | 19% |
3 Years: | 21% |
TTM: | 21% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | 76% |
3 Years: | 6% |
TTM: | 18% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | -9% |
1 Year: | -10% |
Return on Equity | |
---|---|
10 Years: | % |
5 Years: | 20% |
3 Years: | 16% |
Last Year: | 18% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 9 | 9 | 9 | 10 | 29 | 29 | 30 | 31 | 31 | 60 |
Reserves | -152 | -153 | -399 | -331 | 131 | 246 | 1,581 | 1,844 | 2,028 | 1,676 |
Preference Capital | 49 | 66 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
0 | 0 | 0 | 0 | 0 | 77 | 63 | 56 | 46 | 41 | |
245 | 334 | 611 | 864 | 661 | 771 | 837 | 1,019 | 1,338 | 1,672 | |
Total Liabilities | 102 | 191 | 221 | 543 | 821 | 1,123 | 2,511 | 2,949 | 3,442 | 3,449 |
6 | 10 | 9 | 8 | 9 | 86 | 65 | 56 | 553 | 536 | |
CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Investments | 60 | 125 | 136 | 311 | 607 | 901 | 2,254 | 2,722 | 2,784 | 2,746 |
36 | 56 | 76 | 223 | 204 | 136 | 192 | 171 | 106 | 166 | |
Total Assets | 102 | 191 | 221 | 543 | 821 | 1,123 | 2,511 | 2,949 | 3,442 | 3,449 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|
7 | -55 | -1 | 179 | 255 | 261 | 322 | 402 | 476 | 559 | |
-4 | -75 | -8 | -165 | -276 | -233 | -1,338 | -335 | -324 | 162 | |
-0 | 133 | 7 | 15 | 14 | -51 | 1,038 | -58 | -143 | -695 | |
Net Cash Flow | 3 | 2 | -1 | 29 | -7 | -23 | 23 | 9 | 9 | 27 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 1 | 0 | 1 | 1 | 0 | 1 | 1 | 1 | 3 | 1 |
Inventory Days | ||||||||||
Days Payable | ||||||||||
Cash Conversion Cycle | 1 | 0 | 1 | 1 | 0 | 1 | 1 | 1 | 3 | 1 |
Working Capital Days | -272 | -241 | -243 | -260 | -277 | -258 | -240 | -284 | -300 | 370 |
ROCE % | 84% | 39% | 22% | 19% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
1d - Accordance with Regulation 30 read with Schedule III of the SEBI (LODR) Regulations, 2015, please find attached the schedule of analyst/ institutional investor meet/call. During …
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Announcement under Regulation 30 (LODR)-Updates on Acquisition
1d - IndiaMART InterMESH Limited has acquired additional 14.88% (on a fully diluted basis) of the share capital of Livekeeping Technologies Private Limited, subsidiary of the Company.
- Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011 1d
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
9 May - Accordance with Regulation 30 read with Schedule III of the SEBI (LODR) Regulations, 2015, please find enclosed the schedule of analyst/ institutional investor meet/call. During …
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
7 May - Accordance with Regulation 30 read with Schedule III of the SEBI (LODR) Regulations, 2015, please find attached the schedule of analyst/ institutional investor meet/call. During …
Annual reports
Concalls
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May 2024Transcript PPT REC
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Largest in the industry
The company commands nearly 60% market share of the online B2B classifields space which makes it the largest player in the industry. It has a portfolio of ~7.5 million supplier storefronts, ~2,00,000 paying subscription suppliers,~95 mn live product listings, ~22mn unique business enquiries & a total traffic of 252 million repeated users. [1] The company has ~170 mn registered buyers with a repeat of 53%.[2]