Indiamart Intermesh Ltd

₹ 4,380 0.96%
25 Nov - close price
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

Pan India presence
The company has been diversifying its presence and now the Metro cities accounts for only 33% of buyers, tier-2 cities accounts for 26% & rest of India accounts for 41%. [1] The diversified presence helps to minimize the impact of region-specific risks on its business.
It has a nationwide coverage with 85 office branches and a sales & service staff of ~4,000 employees. [2]

  • Market Cap 13,408 Cr.
  • Current Price 4,380
  • High / Low 7,500 / 3,676
  • Stock P/E 52.2
  • Book Value 622
  • Dividend Yield 0.05 %
  • ROCE 22.5 %
  • ROE 17.6 %
  • Face Value 10.0

Pros

  • Company is almost debt free.
  • Company has delivered good profit growth of 91.3% CAGR over last 5 years
  • Company has a good return on equity (ROE) track record: 3 Years ROE 25.6%
  • Company's median sales growth is 23.2% of last 10 years

Cons

  • Stock is trading at 7.04 times its book value
  • Promoter holding has decreased over last 3 years: -3.39%

* 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.

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022
153 160 166 151 162 173 179 181 182 187 201 213 229
116 116 112 76 79 84 93 91 97 108 142 154 164
Operating Profit 37 44 54 75 83 89 86 90 84 80 58 60 65
OPM % 24% 27% 33% 50% 51% 51% 48% 50% 46% 43% 29% 28% 28%
20 16 10 33 21 24 6 30 31 22 25 -3 37
Interest 1 0 2 2 2 2 2 1 1 1 1 1 1
Depreciation 5 6 6 4 4 4 4 3 3 3 3 4 5
Profit before tax 52 54 57 102 98 108 88 115 112 97 79 52 96
Tax % 82% -17% 30% 25% 24% 24% 38% 21% 24% 24% 24% 7% 23%
Net Profit 10 64 40 76 74 82 54 91 85 74 60 49 74
EPS in Rs 3.28 21.96 13.83 26.45 25.59 27.99 17.85 29.85 27.84 24.31 19.53 15.97 24.24
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 TTM
31 69 116 126 173 246 309 404 497 624 665 751 831
56 137 172 133 212 293 331 595 483 451 332 439 567
Operating Profit -26 -68 -55 -7 -39 -47 -23 -191 14 173 333 312 263
OPM % -83% -98% -48% -5% -22% -19% -7% -47% 3% 28% 50% 42% 32%
6 5 7 1 23 8 14 7 36 62 85 108 81
Interest 0 0 0 0 0 1 0 0 0 3 7 5 5
Depreciation 2 3 4 3 3 3 4 3 4 21 16 12 14
Profit before tax -22 -66 -53 -9 -19 -43 -13 -187 46 210 396 403 325
Tax % 34% -12% 0% -0% 0% -1% 0% 61% 73% 30% 28% 23%
Net Profit -15 -74 -53 -9 -19 -43 -13 -72 13 146 287 310 257
EPS in Rs -16.04 -80.99 -57.30 -9.60 -20.70 -47.06 -14.29 -72.61 4.40 50.56 94.43 101.37 84.05
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 20% 16% 2%
Compounded Sales Growth
10 Years: 20%
5 Years: 19%
3 Years: 15%
TTM: 16%
Compounded Profit Growth
10 Years: 22%
5 Years: 91%
3 Years: 191%
TTM: -17%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: 27%
1 Year: -40%
Return on Equity
10 Years: %
5 Years: %
3 Years: 26%
Last Year: 18%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Sep 2022
58 58 58 58 58 75 9 10 29 29 30 31 31
Reserves 21 -53 -104 -113 -139 -67 -262 -322 132 246 1,586 1,862 1,874
1 2 0 0 0 0 0 0 0 77 63 56 52
89 141 150 158 237 318 609 862 658 768 835 1,017 1,044
Total Liabilities 120 99 55 55 107 260 356 550 819 1,119 2,516 2,965 3,000
8 14 13 10 6 9 126 8 9 85 65 56 60
CWIP 0 0 0 0 0 0 0 0 0 0 0 0 0
Investments 84 64 27 29 68 211 156 322 614 906 2,267 2,745 2,874
29 21 15 15 33 40 74 219 196 127 184 163 67
Total Assets 120 99 55 55 107 260 356 550 819 1,119 2,516 2,965 3,000

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
11 -13 -38 2 14 15 59 183 259 264 326 407
-60 15 40 -2 -11 -146 -60 -170 -282 -236 -1,343 -339
-0 -0 -3 0 -0 133 7 15 14 -51 1,038 -58
Net Cash Flow -48 1 0 0 3 2 6 28 -9 -23 22 10

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Debtor Days 9 3 3 2 1 1 1 0 0 1 1 1
Inventory Days
Days Payable
Cash Conversion Cycle 9 3 3 2 1 1 1 0 0 1 1 1
Working Capital Days -289 -407 -247 -226 -263 -237 -250 -265 -283 -264 -242 -285
ROCE % -153% 86% 40% 22%

Shareholding Pattern

Numbers in percentages

10 recently
Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022
52.34 52.34 52.34 51.99 51.98 49.85 49.82 49.52 49.52 49.52 49.22 49.22
11.68 12.24 15.15 21.67 24.61 27.53 26.68 27.91 26.53 23.93 23.59 25.00
2.58 3.08 3.79 5.73 5.04 4.52 4.71 4.68 5.34 5.46 4.96 5.24
33.25 32.19 28.57 20.00 18.20 17.94 18.64 17.16 18.57 21.05 21.50 20.33
0.15 0.15 0.15 0.61 0.17 0.16 0.16 0.72 0.04 0.04 0.72 0.21

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