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 ₹ 15,595 Cr.
- Current Price ₹ 2,598
- High / Low ₹ 3,130 / 1,850
- Stock P/E 24.0
- Book Value ₹ 379
- Dividend Yield 1.15 %
- 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: | 1% |
3 Years: | 5% |
1 Year: | -15% |
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
12 Sep - One-to-one investor meeting with Capital Group on 12 Sep 2025, 3:00 PM, Noida; no UPSI shared.
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
11 Sep - One-to-one call with Dymon Asia Capital on Sep 11, 2025 at 01:30 PM.
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
11 Sep - Sept 11, 2025 one-to-one calls with Acuitas Capital (11:00) and Tunga Investments (16:00), no UPSI.
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
10 Sep - Dear Sir / Ma''am, ln accordance with Regulation 30 read with Schedule III of the SEBI (LODR) Regulations, 2015, Please find enclosed schedule of analyst/ …
- Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011 10 Sep
Annual reports
Concalls
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Aug 2025Transcript PPT REC
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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.