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 ₹ 14,371 Cr.
- Current Price ₹ 2,392
- High / Low ₹ 3,199 / 1,850
- Stock P/E 26.1
- Book Value ₹ 364
- Dividend Yield 1.25 %
- ROCE 35.7 %
- ROE 28.1 %
- Face Value ₹ 10.0
Pros
- Company is almost debt free.
- Company has delivered good profit growth of 30.2% CAGR over last 5 years
- Company has been maintaining a healthy dividend payout of 37.3%
- Company's median sales growth is 23.6% of last 10 years
Cons
- Earnings include an other income of Rs.272 Cr.
- Working capital days have increased from -59.0 days to 431 days
* 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
Part of BSE 500 Nifty 500 BSE SmallCap Nifty Smallcap 100 BSE Allcap
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|
176 | 254 | 318 | 411 | 507 | 639 | 670 | 753 | 985 | 1,197 | 1,388 | |
228 | 373 | 391 | 487 | 490 | 472 | 344 | 458 | 755 | 906 | 915 | |
Operating Profit | -52 | -119 | -74 | -76 | 17 | 167 | 326 | 296 | 230 | 291 | 474 |
OPM % | -29% | -47% | -23% | -19% | 3% | 26% | 49% | 39% | 23% | 24% | 34% |
23 | 8 | 14 | 19 | 41 | 69 | 87 | 112 | 181 | 209 | 272 | |
Interest | 0 | 1 | 0 | 0 | 0 | 3 | 7 | 5 | 8 | 9 | 7 |
Depreciation | 3 | 4 | 5 | 3 | 4 | 21 | 16 | 12 | 31 | 36 | 33 |
Profit before tax | -32 | -115 | -64 | -60 | 54 | 211 | 389 | 390 | 371 | 454 | 706 |
Tax % | 0% | 0% | 0% | -191% | 63% | 30% | 28% | 24% | 24% | 26% | 22% |
-32 | -116 | -64 | 55 | 20 | 147 | 280 | 298 | 284 | 334 | 551 | |
EPS in Rs | -17.43 | -63.34 | -35.16 | 27.38 | 3.50 | 25.50 | 46.09 | 48.71 | 46.38 | 55.68 | 91.73 |
Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 20% | 16% | 2% | 22% | 36% | 54% |
Compounded Sales Growth | |
---|---|
10 Years: | 23% |
5 Years: | 17% |
3 Years: | 23% |
TTM: | 16% |
Compounded Profit Growth | |
---|---|
10 Years: | 31% |
5 Years: | 30% |
3 Years: | 23% |
TTM: | 64% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | 14% |
3 Years: | 4% |
1 Year: | -8% |
Return on Equity | |
---|---|
10 Years: | % |
5 Years: | 21% |
3 Years: | 20% |
Last Year: | 28% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 9 | 9 | 9 | 10 | 29 | 29 | 30 | 31 | 31 | 60 | 60 |
Reserves | -152 | -153 | -399 | -331 | 131 | 246 | 1,581 | 1,844 | 2,028 | 1,676 | 2,125 |
49 | 66 | 0 | 0 | 0 | 77 | 63 | 56 | 46 | 41 | 33 | |
196 | 268 | 611 | 864 | 661 | 771 | 837 | 1,019 | 1,338 | 1,672 | 1,915 | |
Total Liabilities | 102 | 191 | 221 | 543 | 821 | 1,123 | 2,511 | 2,949 | 3,442 | 3,449 | 4,134 |
6 | 10 | 9 | 8 | 9 | 86 | 65 | 56 | 553 | 536 | 516 | |
CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Investments | 60 | 125 | 136 | 311 | 607 | 901 | 2,254 | 2,722 | 2,784 | 2,746 | 3,453 |
36 | 56 | 76 | 223 | 204 | 136 | 192 | 171 | 106 | 166 | 165 | |
Total Assets | 102 | 191 | 221 | 543 | 821 | 1,123 | 2,511 | 2,949 | 3,442 | 3,449 | 4,134 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|
7 | -55 | -1 | 179 | 255 | 261 | 322 | 402 | 476 | 559 | 623 | |
-4 | -75 | -8 | -165 | -276 | -233 | -1,338 | -335 | -324 | 162 | -486 | |
-0 | 133 | 7 | 15 | 14 | -51 | 1,038 | -58 | -143 | -695 | -148 | |
Net Cash Flow | 3 | 2 | -1 | 29 | -7 | -23 | 23 | 9 | 9 | 27 | -11 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 1 | 0 | 1 | 1 | 0 | 1 | 1 | 1 | 3 | 1 | 1 |
Inventory Days | |||||||||||
Days Payable | |||||||||||
Cash Conversion Cycle | 1 | 0 | 1 | 1 | 0 | 1 | 1 | 1 | 3 | 1 | 1 |
Working Capital Days | -272 | -241 | -243 | -260 | -277 | -258 | -240 | -284 | -300 | -308 | 431 |
ROCE % | 84% | 39% | 22% | 19% | 24% | 36% |
Documents
Announcements
-
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
1h - Accordance with Regulation 30 read with Schedule III of the SEBI (LODR) Regulations, 2015, please find enclosed the schedule of analyst/ institutional investor meet/call. The …
-
Announcement under Regulation 30 (LODR)-Newspaper Publication
7h - Publication of newspaper advertisement regarding the completion of dispatch of Notice of 26th Annual General Meeting of the Company including e-voting information and Integrated Annual …
-
Business Responsibility and Sustainability Reporting (BRSR)
23h - IndiaMART's FY25 Business Responsibility and Sustainability Report filed as per SEBI regulations.
- 26Th Annual General Meeting Of The Company Scheduled To Be Held On Monday, June 16, 2025 At 10:00 A.M. IST Through Video Conferencing/Other Audio Visual Means. 24h
- Reg. 34 (1) Annual Report. 24h
Annual reports
Concalls
-
May 2025Transcript PPT REC
-
Jan 2025Transcript PPT
-
Oct 2024TranscriptPPTREC
-
Oct 2024TranscriptNotesPPT REC
-
Oct 2024TranscriptNotesPPT
-
Oct 2024TranscriptNotesPPT
-
Aug 2024Transcript PPT REC
-
Jul 2024TranscriptNotesPPTREC
-
May 2024Transcript PPT REC
-
Jan 2024Transcript PPT
-
Nov 2023Transcript PPT
-
Jul 2023Transcript PPT REC
-
May 2023Transcript PPT
-
Jan 2023Transcript PPT
-
Oct 2022Transcript PPT
-
Jul 2022Transcript PPT
-
May 2022Transcript PPT
-
Jan 2022Transcript PPT
-
Oct 2021Transcript PPT
-
Jul 2021Transcript PPT
-
Apr 2021Transcript PPT
-
Jan 2021Transcript PPT
-
Nov 2020Transcript PPT
-
Jul 2020Transcript PPT
-
May 2020Transcript PPT
-
Feb 2020TranscriptPPT
-
Jan 2020Transcript PPT
-
Oct 2019TranscriptNotesPPT
-
Jul 2019Transcript PPT
Largest in the industry[1]
The company commands nearly 60% market share of the online B2B classifieds space which makes it the largest player in the industry. It has a portfolio of ~7.9 million supplier storefronts, ~2,14,000 paying subscription suppliers,~108 mn live product listings, ~24 mn unique business enquiries & a total traffic of 252 million repeated users. The company has ~194 mn registered buyers with a repeat of 53%. CRM has ~136Mn replies & callbacks. 37% suppliers are buyers.