Indiamart Intermesh Ltd

Indiamart Inter. Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Indiamart Intermesh Ltd

₹ 2,608 0.17%
01 Dec 12:11 p.m.
indiamart.com BSE: 542726 NSE : INDIAMART
About

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]

Key Points

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]

Website BSE NSE
  • Market Cap ₹ 15,971 Cr.
  • Current Price ₹ 2,608
  • High / Low ₹ 3,336 / 2,044
  • Stock P/E 48.2
  • Book Value ₹ 257
  • Dividend Yield 0.38 %
  • ROCE 17.5 %
  • ROE 13.9 %
  • Face Value ₹ 10.0
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Pros

  • Company is almost debt free.
  • Company has delivered good profit growth of 42.1% CAGR over last 5 years
  • Company's median sales growth is 25.0% of last 10 years

Cons

  • Stock is trading at 10.1 times its book value
  • Earnings include an other income of Rs.160 Cr.
  • Promoter holding has decreased over last 3 years: -3.10%

* 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

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023
162 173 179 181 182 187 201 213 229 240 256 268 281
79 84 93 91 97 108 142 154 164 170 189 192 200
Operating Profit 83 89 86 90 84 80 58 60 65 70 67 76 81
OPM % 51% 51% 48% 50% 46% 43% 29% 28% 28% 29% 26% 28% 29%
21 24 6 30 31 22 25 -3 37 47 26 54 32
Interest 2 2 2 1 1 1 1 1 1 1 1 1 1
Depreciation 4 4 4 3 3 3 3 4 5 6 6 4 5
Profit before tax 98 108 88 115 112 97 79 52 96 110 86 124 107
Tax % 24% 24% 38% 21% 24% 24% 24% 7% 23% 26% 22% 23% 22%
74 82 54 91 85 74 60 49 74 82 68 95 83
EPS in Rs 12.80 14.00 8.93 14.92 13.93 12.16 9.77 7.99 12.12 13.33 11.03 15.56 13.54
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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 1,045
137 172 133 212 293 331 595 483 451 332 439 677 752
Operating Profit -68 -55 -7 -39 -47 -23 -191 14 173 333 312 262 293
OPM % -98% -48% -5% -22% -19% -7% -47% 3% 28% 50% 42% 28% 28%
5 7 1 23 8 14 7 36 62 85 108 108 160
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 21
Profit before tax -66 -53 -9 -19 -43 -13 -187 46 210 396 403 345 428
Tax % -12% 0% -0% 0% -1% 0% 61% 73% 30% 28% 23% 21%
-74 -53 -9 -19 -43 -13 -72 13 146 287 310 272 327
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 53.46
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: 26%
Compounded Profit Growth
10 Years: 41%
5 Years: 42%
3 Years: 22%
TTM: 29%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: 0%
1 Year: 17%
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%

Shareholding Pattern

Numbers in percentages

10 Recently
Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
51.98% 49.85% 49.82% 49.52% 49.52% 49.52% 49.22% 49.22% 49.22% 49.22% 49.22% 49.21%
24.61% 27.53% 26.68% 27.91% 26.53% 23.93% 23.59% 25.00% 25.38% 26.60% 26.76% 27.33%
5.04% 4.52% 4.71% 4.68% 5.34% 5.46% 4.96% 5.24% 5.81% 5.62% 5.62% 5.46%
18.20% 17.94% 18.64% 17.16% 18.57% 21.05% 21.50% 20.33% 19.46% 18.45% 18.27% 17.87%
0.17% 0.16% 0.16% 0.72% 0.04% 0.04% 0.72% 0.21% 0.15% 0.12% 0.12% 0.11%
No. of Shareholders 46,37794,6781,52,8741,34,1821,59,6172,10,1732,41,4092,14,6401,95,2491,77,6541,65,6271,71,470

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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