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 ₹ 15,971 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
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
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 | 1,045 | |
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% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
16h - 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 …
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
22 Nov - 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 …
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
21 Nov - 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) held …
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
20 Nov - 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) held …
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
20 Nov - 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) held …
Annual reports
Concalls
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Nov 2023Transcript PPT
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Jul 2023Transcript PPT REC
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May 2023Transcript PPT
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Oct 2022Transcript PPT
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Oct 2021Transcript PPT
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Nov 2020Transcript PPT
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May 2020Transcript PPT
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Feb 2020Transcript PPT
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Dec 2019TranscriptPPT
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Oct 2019TranscriptNotesPPT
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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]