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 ₹ 15,944 Cr.
- Current Price ₹ 2,658
- High / Low ₹ 3,336 / 2,393
- Stock P/E 46.8
- Book Value ₹ 263
- Dividend Yield 0.38 %
- ROCE 17.5 %
- ROE 13.9 %
- Face Value ₹ 10.0
Pros
- Company is almost debt free.
- Company has delivered good profit growth of 42.1% CAGR over last 5 years
Cons
- Stock is trading at 10.1 times its book value
- Earnings include an other income of Rs.151 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.
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 2011 | Mar 2012 | Mar 2013 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
69 | 116 | 126 | 173 | 246 | 309 | 404 | 497 | 624 | 665 | 751 | 939 | 1,096 | |
137 | 172 | 133 | 212 | 293 | 331 | 595 | 483 | 451 | 332 | 439 | 677 | 786 | |
Operating Profit | -68 | -55 | -7 | -39 | -47 | -23 | -191 | 14 | 173 | 333 | 312 | 262 | 310 |
OPM % | -98% | -48% | -5% | -22% | -19% | -7% | -47% | 3% | 28% | 50% | 42% | 28% | 28% |
5 | 7 | 1 | 23 | 8 | 14 | 7 | 36 | 62 | 85 | 108 | 108 | 151 | |
Interest | 0 | 0 | 0 | 0 | 1 | 0 | 0 | 0 | 3 | 7 | 5 | 5 | 4 |
Depreciation | 3 | 4 | 3 | 3 | 3 | 4 | 3 | 4 | 21 | 16 | 12 | 19 | 20 |
Profit before tax | -66 | -53 | -9 | -19 | -43 | -13 | -187 | 46 | 210 | 396 | 403 | 345 | 436 |
Tax % | -12% | 0% | -0% | 0% | -1% | 0% | 61% | 73% | 30% | 28% | 23% | 21% | |
-74 | -53 | -9 | -19 | -43 | -13 | -72 | 13 | 146 | 287 | 310 | 272 | 337 | |
EPS in Rs | -40.58 | -28.71 | -4.81 | -10.37 | -23.58 | -7.16 | -36.22 | 2.20 | 25.30 | 47.23 | 50.71 | 44.48 | 55.68 |
Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 20% | 16% | 2% | 22% |
Compounded Sales Growth | |
---|---|
10 Years: | 22% |
5 Years: | 18% |
3 Years: | 15% |
TTM: | 24% |
Compounded Profit Growth | |
---|---|
10 Years: | 41% |
5 Years: | 42% |
3 Years: | 22% |
TTM: | 29% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | -14% |
1 Year: | 1% |
Return on Equity | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | 19% |
Last Year: | 14% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
Mar 2011 | Mar 2012 | Mar 2013 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Sep 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 9 | 9 | 9 | 9 | 9 | 9 | 10 | 29 | 29 | 30 | 31 | 31 | 60 |
Reserves | -53 | -104 | -113 | -139 | -67 | -262 | -322 | 132 | 246 | 1,586 | 1,862 | 2,034 | 1,516 |
Preference Capital | 49 | 49 | 49 | 49 | 66 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
2 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 77 | 63 | 56 | 46 | 48 | |
141 | 150 | 158 | 237 | 318 | 609 | 862 | 658 | 768 | 835 | 1,017 | 1,250 | 1,307 | |
Total Liabilities | 99 | 55 | 55 | 107 | 260 | 356 | 550 | 819 | 1,119 | 2,516 | 2,965 | 3,361 | 2,931 |
14 | 13 | 10 | 6 | 9 | 126 | 8 | 9 | 85 | 65 | 56 | 53 | 54 | |
CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Investments | 64 | 27 | 29 | 68 | 211 | 156 | 322 | 614 | 906 | 2,267 | 2,745 | 3,224 | 2,816 |
21 | 15 | 15 | 33 | 40 | 74 | 219 | 196 | 127 | 184 | 163 | 83 | 60 | |
Total Assets | 99 | 55 | 55 | 107 | 260 | 356 | 550 | 819 | 1,119 | 2,516 | 2,965 | 3,361 | 2,931 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
Mar 2011 | Mar 2012 | Mar 2013 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
-13 | -38 | 2 | 14 | 15 | 59 | 183 | 259 | 264 | 326 | 407 | 464 | |
15 | 40 | -2 | -11 | -146 | -60 | -170 | -282 | -236 | -1,343 | -339 | -316 | |
-0 | -3 | 0 | -0 | 133 | 7 | 15 | 14 | -51 | 1,038 | -58 | -143 | |
Net Cash Flow | 1 | 0 | 0 | 3 | 2 | 6 | 28 | -9 | -23 | 22 | 10 | 5 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
Mar 2011 | Mar 2012 | Mar 2013 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 3 | 3 | 2 | 1 | 1 | 1 | 0 | 0 | 1 | 1 | 1 | 1 |
Inventory Days | ||||||||||||
Days Payable | ||||||||||||
Cash Conversion Cycle | 3 | 3 | 2 | 1 | 1 | 1 | 0 | 0 | 1 | 1 | 1 | 1 |
Working Capital Days | -407 | -247 | -226 | -263 | -237 | -250 | -265 | -283 | -264 | -242 | -285 | -308 |
ROCE % | -153% | 86% | 40% | 22% | 17% |
Documents
Announcements
- Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 3h
- Board Meeting Intimation for Intimation Of Board Meeting And Closure Of Trading Window 2d
- Corporate Action-Board to consider Dividend 2d
- Closure of Trading Window 2d
- Compliance Certificate Under Regulation 7(3) Of The SEBI (LODR) Regulations, 2015 For The Financial Year Ended March 31, 2024 14 Apr
Annual reports
Concalls
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Jan 2024Transcript PPT
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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]