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 ₹ 16,344 Cr.
- Current Price ₹ 2,725
- High / Low ₹ 3,336 / 2,393
- Stock P/E 45.1
- Book Value ₹ 295
- Dividend Yield 0.75 %
- ROCE 24.4 %
- ROE 18.9 %
- Face Value ₹ 10.0
Pros
- Company is almost debt free.
- Company has been maintaining a healthy dividend payout of 19.2%
Cons
- Stock is trading at 9.26 times its book value
- Earnings include an other income of Rs.170 Cr.
- Working capital days have increased from -77.3 days to 360 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
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
Mar 2012 | Mar 2013 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
116 | 126 | 173 | 246 | 309 | 404 | 497 | 624 | 665 | 751 | 939 | 1,139 | |
172 | 133 | 212 | 293 | 331 | 595 | 483 | 451 | 332 | 439 | 677 | 805 | |
Operating Profit | -55 | -7 | -39 | -47 | -23 | -191 | 14 | 173 | 333 | 312 | 262 | 334 |
OPM % | -48% | -5% | -22% | -19% | -7% | -47% | 3% | 28% | 50% | 42% | 28% | 29% |
7 | 1 | 23 | 8 | 14 | 7 | 36 | 62 | 85 | 108 | 108 | 170 | |
Interest | 0 | 0 | 0 | 1 | 0 | 0 | 0 | 3 | 7 | 5 | 5 | 4 |
Depreciation | 4 | 3 | 3 | 3 | 4 | 3 | 4 | 21 | 16 | 12 | 19 | 25 |
Profit before tax | -53 | -9 | -19 | -43 | -13 | -187 | 46 | 210 | 396 | 403 | 345 | 475 |
Tax % | 0% | -0% | 0% | -1% | 0% | 61% | 73% | 30% | 28% | 23% | 21% | 24% |
-53 | -9 | -19 | -43 | -13 | -72 | 13 | 146 | 287 | 310 | 272 | 362 | |
EPS in Rs | -28.71 | -4.81 | -10.37 | -23.58 | -7.16 | -36.22 | 2.20 | 25.30 | 47.23 | 50.71 | 44.48 | 60.37 |
Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 20% | 16% | 2% | 22% | 33% |
Compounded Sales Growth | |
---|---|
10 Years: | % |
5 Years: | 18% |
3 Years: | 20% |
TTM: | 21% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | 96% |
3 Years: | 8% |
TTM: | 31% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | -10% |
1 Year: | -7% |
Return on Equity | |
---|---|
10 Years: | % |
5 Years: | 20% |
3 Years: | 17% |
Last Year: | 19% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
Mar 2012 | Mar 2013 | 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 | 9 | 9 | 10 | 29 | 29 | 30 | 31 | 31 | 60 |
Reserves | -104 | -113 | -139 | -67 | -262 | -322 | 132 | 246 | 1,586 | 1,862 | 2,034 | 1,710 |
Preference Capital | 49 | 49 | 49 | 66 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
0 | 0 | 0 | 0 | 0 | 0 | 0 | 77 | 63 | 56 | 46 | 41 | |
150 | 158 | 237 | 318 | 609 | 862 | 658 | 768 | 835 | 1,017 | 1,250 | 1,556 | |
Total Liabilities | 55 | 55 | 107 | 260 | 356 | 550 | 819 | 1,119 | 2,516 | 2,965 | 3,361 | 3,367 |
13 | 10 | 6 | 9 | 126 | 8 | 9 | 85 | 65 | 56 | 53 | 47 | |
CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Investments | 27 | 29 | 68 | 211 | 156 | 322 | 614 | 906 | 2,267 | 2,745 | 3,224 | 3,199 |
15 | 15 | 33 | 40 | 74 | 219 | 196 | 127 | 184 | 163 | 83 | 120 | |
Total Assets | 55 | 55 | 107 | 260 | 356 | 550 | 819 | 1,119 | 2,516 | 2,965 | 3,361 | 3,367 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
Mar 2012 | Mar 2013 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
-38 | 2 | 14 | 15 | 59 | 183 | 259 | 264 | 326 | 407 | 464 | 545 | |
40 | -2 | -11 | -146 | -60 | -170 | -282 | -236 | -1,343 | -339 | -316 | 181 | |
-3 | 0 | -0 | 133 | 7 | 15 | 14 | -51 | 1,038 | -58 | -143 | -695 | |
Net Cash Flow | 0 | 0 | 3 | 2 | 6 | 28 | -9 | -23 | 22 | 10 | 5 | 31 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
Mar 2012 | Mar 2013 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 3 | 2 | 1 | 1 | 1 | 0 | 0 | 1 | 1 | 1 | 1 | 0 |
Inventory Days | ||||||||||||
Days Payable | ||||||||||||
Cash Conversion Cycle | 3 | 2 | 1 | 1 | 1 | 0 | 0 | 1 | 1 | 1 | 1 | 0 |
Working Capital Days | -247 | -226 | -263 | -237 | -250 | -265 | -283 | -264 | -242 | -285 | -308 | 360 |
ROCE % | 86% | 40% | 22% | 17% |
Documents
Announcements
-
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
15h - 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 …
-
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
19h - The Transcript of Earnings Conference Call for Analysts and Investors held on April 30, 2024, with respect to the financial performance of the Company for …
-
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(s). During …
- Clarification On Increase In Volume 3 May
-
Clarification sought from IndiaMART InterMESH Ltd
3 May - Exchange has sought clarification from IndiaMART InterMESH Ltd on May 3, 2024, with reference to Movement in Volume.
Annual reports
Concalls
-
May 2024Transcript PPT REC
-
Jan 2024Transcript PPT
-
Nov 2023Transcript PPT
-
Jul 2023Transcript PPT REC
-
May 2023Transcript PPT
-
Jan 2023Transcript PPT
-
Oct 2022Transcript PPT
-
Jul 2022Transcript PPT
-
May 2022Transcript PPT
-
Jan 2022Transcript PPT
-
Oct 2021Transcript PPT
-
Jul 2021Transcript PPT
-
Apr 2021Transcript PPT
-
Jan 2021Transcript PPT
-
Nov 2020Transcript PPT
-
Jul 2020Transcript PPT
-
May 2020Transcript PPT
-
Feb 2020TranscriptPPT
-
Jan 2020Transcript PPT
-
Oct 2019TranscriptNotesPPT
-
Jul 2019Transcript PPT
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]