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 ₹ 15,019 Cr.
- Current Price ₹ 2,502
- High / Low ₹ 3,176 / 1,850
- Stock P/E 23.1
- Book Value ₹ 379
- Dividend Yield 1.20 %
- ROCE 37.7 %
- ROE 30.0 %
- Face Value ₹ 10.0
Pros
- Company is almost debt free.
- Company has delivered good profit growth of 31.9% CAGR over last 5 years
- Company has been maintaining a healthy dividend payout of 35.0%
- Company's median sales growth is 23.2% of last 10 years
Cons
- Earnings include an other income of Rs.318 Cr.
* 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.
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
Mar 2013 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
126 | 173 | 246 | 309 | 404 | 497 | 624 | 665 | 751 | 939 | 1,139 | 1,320 | 1,351 | |
133 | 212 | 293 | 331 | 595 | 483 | 451 | 332 | 439 | 677 | 805 | 807 | 820 | |
Operating Profit | -7 | -39 | -47 | -23 | -191 | 14 | 173 | 333 | 312 | 262 | 334 | 513 | 531 |
OPM % | -5% | -22% | -19% | -7% | -47% | 3% | 28% | 50% | 42% | 28% | 29% | 39% | 39% |
1 | 23 | 8 | 14 | 7 | 36 | 62 | 85 | 108 | 108 | 170 | 284 | 318 | |
Interest | 0 | 0 | 1 | 0 | 0 | 0 | 3 | 7 | 5 | 5 | 4 | 4 | 4 |
Depreciation | 3 | 3 | 3 | 4 | 3 | 4 | 21 | 16 | 12 | 19 | 25 | 21 | 19 |
Profit before tax | -9 | -19 | -43 | -13 | -187 | 46 | 210 | 396 | 403 | 345 | 475 | 773 | 826 |
Tax % | 0% | 0% | 1% | 0% | -61% | 73% | 30% | 28% | 23% | 21% | 24% | 21% | |
-9 | -19 | -43 | -13 | -72 | 13 | 146 | 287 | 310 | 272 | 362 | 607 | 649 | |
EPS in Rs | -4.81 | -10.37 | -23.58 | -7.16 | -36.22 | 2.20 | 25.30 | 47.23 | 50.71 | 44.48 | 60.39 | 101.15 | 108.16 |
Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 20% | 16% | 2% | 22% | 33% | 49% |
Compounded Sales Growth | |
---|---|
10 Years: | 23% |
5 Years: | 16% |
3 Years: | 21% |
TTM: | 14% |
Compounded Profit Growth | |
---|---|
10 Years: | 36% |
5 Years: | 32% |
3 Years: | 25% |
TTM: | 66% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | 10% |
3 Years: | 3% |
1 Year: | -6% |
Return on Equity | |
---|---|
10 Years: | % |
5 Years: | 21% |
3 Years: | 21% |
Last Year: | 30% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
Mar 2013 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 9 | 9 | 9 | 9 | 10 | 29 | 29 | 30 | 31 | 31 | 60 | 60 |
Reserves | -113 | -139 | -67 | -262 | -322 | 132 | 246 | 1,586 | 1,862 | 2,034 | 1,710 | 2,216 |
49 | 49 | 66 | 0 | 0 | 0 | 77 | 63 | 56 | 46 | 41 | 33 | |
109 | 188 | 252 | 609 | 862 | 658 | 768 | 835 | 1,017 | 1,250 | 1,556 | 1,780 | |
Total Liabilities | 55 | 107 | 260 | 356 | 550 | 819 | 1,119 | 2,516 | 2,965 | 3,361 | 3,367 | 4,090 |
10 | 6 | 9 | 126 | 8 | 9 | 85 | 65 | 56 | 53 | 47 | 33 | |
CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Investments | 29 | 68 | 211 | 156 | 322 | 614 | 906 | 2,267 | 2,745 | 3,224 | 3,199 | 3,944 |
15 | 33 | 40 | 74 | 219 | 196 | 127 | 184 | 163 | 83 | 120 | 112 | |
Total Assets | 55 | 107 | 260 | 356 | 550 | 819 | 1,119 | 2,516 | 2,965 | 3,361 | 3,367 | 4,090 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
Mar 2013 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
2 | 14 | 15 | 59 | 183 | 259 | 264 | 326 | 407 | 464 | 545 | 614 | |
-2 | -11 | -146 | -60 | -170 | -282 | -236 | -1,343 | -339 | -316 | 181 | -492 | |
0 | -0 | 133 | 7 | 15 | 14 | -51 | 1,038 | -58 | -143 | -695 | -135 | |
Net Cash Flow | 0 | 3 | 2 | 6 | 28 | -9 | -23 | 22 | 10 | 5 | 31 | -12 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
Mar 2013 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 2 | 1 | 1 | 1 | 0 | 0 | 1 | 1 | 1 | 1 | 0 | 0 |
Inventory Days | ||||||||||||
Days Payable | ||||||||||||
Cash Conversion Cycle | 2 | 1 | 1 | 1 | 0 | 0 | 1 | 1 | 1 | 1 | 0 | 0 |
Working Capital Days | -226 | -263 | -237 | -250 | -265 | -283 | -272 | -248 | -290 | -312 | -318 | -304 |
ROCE % | 86% | 40% | 22% | 17% | 24% | 38% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
20h - Scheduled investor calls on August 5, 2025; no price sensitive info shared.
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
31 Jul - Scheduled investor call with Ashmore Group; no unpublished price sensitive info shared.
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
30 Jul - Scheduled investor meeting with Solidarity Advisors on July 30, 2025; no price sensitive info shared.
- Intimation Of Publication Of Newspaper Advertisement For The Notice Of Postal Ballot And Remote E-Voting Information 29 Jul
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Shareholder Meeting / Postal Ballot-Notice of Postal Ballot
28 Jul - Postal ballot for appointment of Ms. Vasuta Agarwal as Independent Director and approval of related party remuneration for Mr. Amit Agarwal.
Annual reports
Concalls
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Jul 2025Transcript PPT
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May 2025Transcript PPT REC
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Oct 2024TranscriptPPTREC
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Oct 2024TranscriptNotesPPT REC
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Aug 2024Transcript PPT REC
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Jul 2023Transcript PPT REC
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Feb 2020TranscriptPPT
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Jan 2020Transcript PPT
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Oct 2019TranscriptNotesPPT
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Jul 2019Transcript PPT
Largest in the industry[1]
The company commands nearly 60% market share of the online B2B classifieds space which makes it the largest player in the industry. It has a portfolio of ~7.9 million supplier storefronts, ~2,14,000 paying subscription suppliers,~108 mn live product listings, ~24 mn unique business enquiries & a total traffic of 252 million repeated users. The company has ~194 mn registered buyers with a repeat of 53%. CRM has ~136Mn replies & callbacks. 37% suppliers are buyers.