Indiamart Intermesh Ltd

AI

Indiamart Intermesh Ltd

₹ 1,591 3.24%
04 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

Business Overview[1]
IndiaMART operates India's largest online B2B marketplace, connecting buyers and suppliers across diverse industries. The platform enables product discovery, lead generation, and business transactions through offerings such as web storefronts, priority listings, RFQ services, BuyLead credits, CRM tools, and cloud telephony solutions. It's technology-driven matchmaking engine helps efficiently connect buyers with relevant suppliers based on their business requirements.

  • Market Cap ₹ 9,571 Cr.
  • Current Price ₹ 1,591
  • High / Low ₹ 2,526 / 1,465
  • Stock P/E 17.2
  • Book Value ₹ 412
  • Dividend Yield 1.89 %
  • ROCE 28.6 %
  • ROE 21.8 %
  • Face Value ₹ 10.0

Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Company has been maintaining a healthy dividend payout of 50.4%

Cons

* 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 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026 Jun 2026 Sep 2026
281 291 299 315 332 337 336 346 360 368 368 376 389
200 204 209 198 212 193 203 212 245 232 234 227 233
Operating Profit 81 87 90 117 120 144 133 135 115 136 135 149 156
OPM % 29% 30% 30% 37% 36% 43% 40% 39% 32% 37% 37% 40% 40%
32 39 45 51 62 23 148 84 8 132 -34 88 -9
Interest 1 1 1 1 1 1 1 1 1 1 1 0 1
Depreciation 5 5 10 5 5 5 5 4 4 4 3 3 3
Profit before tax 107 119 125 162 176 161 275 215 119 264 97 234 145
Tax % 22% 23% 26% 23% 28% 22% 16% 23% 30% 22% 28% 25% 26%
83 92 92 124 127 125 231 166 84 206 70 176 106
EPS in Rs 13.82 15.27 15.39 20.67 21.17 20.81 38.53 27.65 13.91 34.30 11.58 29.28 17.67
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026 TTM
173 246 309 404 497 624 665 751 939 1,139 1,320 1,443 1,501
212 293 331 595 483 451 332 439 677 805 807 923 925
Operating Profit -39 -47 -23 -191 14 173 333 312 262 334 513 520 576
OPM % -22% -19% -7% -47% 2.9% 28% 50% 42% 28% 29% 39% 36% 38%
23 8 14 7 36 62 85 108 108 170 284 191 178
Interest 0 1 0 0 0 3 7 5 5 4 4 3 2
Depreciation 3 3 4 3 4 21 16 12 19 25 21 14 12
Profit before tax -19 -43 -13 -187 46 210 396 403 345 475 773 694 740
Tax % 0% 1% 0% -61% 73% 30% 28% 23% 21% 24% 21% 24%
-19 -43 -13 -72 13 146 287 310 272 362 607 525 558
EPS in Rs -5.19 -11.79 -3.58 -18.11 2.20 25.30 47.23 50.71 44.48 60.39 101.15 87.40 92.83
Dividend Payout % 0% 0% 0% 0% 0% 20% 16% 2% 22% 33% 49% 69%
Compounded Sales Growth
10 Years: 19%
5 Years: 17%
3 Years: 15%
TTM: 9%
Compounded Profit Growth
10 Years: 30%
5 Years: 13%
3 Years: 24%
TTM: -8%
Stock Price CAGR
10 Years: %
5 Years: -16%
3 Years: -15%
1 Year: -36%
Return on Equity
10 Years: %
5 Years: 21%
3 Years: 23%
Last Year: 22%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026 Sep 2026
Equity Capital 9 9 9 10 29 29 30 31 31 60 60 60 60
Reserves -139 -67 -262 -322 132 246 1,586 1,862 2,034 1,710 2,216 2,482 2,417
49 66 0 0 0 77 63 56 46 41 33 23 20
188 252 609 862 658 768 835 1,017 1,250 1,556 1,780 2,037 2,078
Total Liabilities 107 260 356 550 819 1,119 2,516 2,965 3,361 3,367 4,090 4,602 4,575
6 9 126 8 9 85 65 56 53 47 33 21 19
CWIP 0 0 0 0 0 0 0 0 0 0 0 0 0
Investments 68 211 156 322 614 906 2,267 2,745 3,224 3,199 3,944 4,326 4,354
33 40 74 219 196 127 184 163 83 120 112 255 202
Total Assets 107 260 356 550 819 1,119 2,516 2,965 3,361 3,367 4,090 4,602 4,575

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
14 15 59 183 259 264 326 407 464 545 614 668
-11 -146 -60 -170 -282 -236 -1,343 -339 -316 181 -492 -347
-0 133 7 15 14 -51 1,038 -58 -143 -695 -135 -313
Net Cash Flow 3 2 6 28 -9 -23 22 10 5 31 -12 8
Free Cash Flow 11 9 56 181 254 260 327 403 448 531 612 667
CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit -30% -29% -262% -96% 1,843% 164% 116% 161% 205% 191% 149% 158%

Ratios

Standalone / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Debtor Days 1 1 1 0 0 1 1 1 1 0 0 0
Inventory Days
Days Payable
Cash Conversion Cycle 1 1 1 0 0 1 1 1 1 0 0 0
Working Capital Days -263 -237 -250 -265 -283 -272 -248 -290 -312 -318 -304 -311
ROCE % 86% 40% 22% 17% 24% 37% 29%

Insights

In beta
Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Active Buyers - Last 12 Months
Million

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Annualised Revenue Per Paying Supplier (ARPU)
₹ Thousand
Business Enquiries Delivered
Million
Indian Supplier Storefronts
Million
Live Product Listings
Million
Paying Suppliers
Thousand
Registered Buyers
Million
Unique Business Enquiries
Million

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
49.21% 49.21% 49.21% 49.21% 49.17% 49.17% 49.17% 49.17% 49.12% 49.12% 49.07% 49.07%
24.16% 23.08% 23.37% 23.86% 21.06% 18.95% 19.21% 21.53% 18.28% 19.17% 19.92% 20.32%
8.23% 10.60% 11.81% 12.10% 13.85% 15.49% 15.29% 12.99% 16.41% 13.54% 12.11% 9.61%
18.30% 17.08% 15.56% 14.78% 15.83% 16.34% 16.29% 16.28% 16.13% 18.17% 18.88% 20.97%
0.08% 0.05% 0.05% 0.04% 0.09% 0.05% 0.03% 0.03% 0.05% 0.01% 0.02% 0.01%
No. of Shareholders 1,71,3611,61,8231,59,8771,48,4351,68,3571,68,1381,69,9881,63,6871,57,9861,58,0651,55,4731,57,071

* 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.

Click on the line-items to see the names of individual entities.

Documents

Annual reports

Concalls