Indiamart Intermesh Ltd

Indiamart Intermesh Ltd

₹ 2,467 0.36%
03 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

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.

  • Market Cap 14,809 Cr.
  • Current Price 2,467
  • High / Low 2,799 / 1,850
  • Stock P/E 27.5
  • Book Value 356
  • Dividend Yield 1.22 %
  • ROCE 34.2 %
  • ROE 26.9 %
  • Face Value 10.0

Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Company has delivered good profit growth of 29.1% 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.256 Cr.

* 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

Consolidated Figures in Rs. Crores / View Standalone

Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025
241 251 269 282 295 305 315 331 348 354 355 372 391
184 191 213 215 226 227 238 223 226 230 236 253 275
Operating Profit 56 61 56 67 69 78 77 108 122 124 119 119 116
OPM % 23% 24% 21% 24% 23% 26% 24% 33% 35% 35% 34% 32% 30%
47 102 31 55 35 42 77 53 66 45 109 92 10
Interest 3 2 2 2 2 2 2 2 2 2 2 1 1
Depreciation 8 9 9 7 8 8 13 8 8 8 8 7 7
Profit before tax 93 152 76 112 93 110 139 151 177 159 218 204 119
Tax % 26% 26% 26% 26% 26% 25% 28% 25% 24% 24% 17% 25% 30%
68 113 56 83 69 82 100 114 135 121 181 154 83
EPS in Rs 11.18 18.43 9.12 13.57 11.57 13.65 16.61 19.01 22.52 20.16 30.08 25.57 13.78
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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 TTM
176 254 318 411 507 639 670 753 985 1,197 1,388 1,472
228 373 391 487 490 472 344 458 755 906 915 993
Operating Profit -52 -119 -74 -76 17 167 326 296 230 291 474 479
OPM % -29% -47% -23% -19% 3% 26% 49% 39% 23% 24% 34% 33%
23 8 14 19 41 69 87 112 181 209 272 256
Interest 0 1 0 0 0 3 7 5 8 9 7 5
Depreciation 3 4 5 3 4 21 16 12 31 36 33 31
Profit before tax -32 -115 -64 -60 54 211 389 390 371 454 706 700
Tax % 0% 0% 0% -191% 63% 30% 28% 24% 24% 26% 22%
-32 -116 -64 55 20 147 280 298 284 334 551 538
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 89.59
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: 13%
Compounded Profit Growth
10 Years: 30%
5 Years: 29%
3 Years: 21%
TTM: 25%
Stock Price CAGR
10 Years: %
5 Years: 0%
3 Years: 2%
1 Year: 0%
Return on Equity
10 Years: %
5 Years: 20%
3 Years: 20%
Last Year: 27%

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 Sep 2025
Equity Capital 9 9 9 10 29 29 30 31 31 60 60 60
Reserves -152 -153 -399 -331 131 246 1,581 1,844 2,028 1,676 2,125 2,078
49 66 0 0 0 77 63 56 46 41 33 28
196 268 611 864 661 771 837 1,019 1,338 1,672 1,912 1,962
Total Liabilities 102 191 221 543 821 1,123 2,511 2,949 3,442 3,449 4,130 4,128
6 10 9 8 9 86 65 56 553 536 515 507
CWIP 0 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 3,405
36 56 76 223 204 136 192 171 106 166 161 216
Total Assets 102 191 221 543 821 1,123 2,511 2,949 3,442 3,449 4,130 4,128

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 -266 -246 -289 -305 -311 -305
ROCE % 84% 39% 22% 19% 24% 34%

Shareholding Pattern

Numbers in percentages

1 Recently
Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025
49.22% 49.22% 49.22% 49.21% 49.21% 49.21% 49.21% 49.21% 49.17% 49.17% 49.17% 49.17%
25.38% 26.60% 26.76% 27.33% 24.16% 23.08% 23.37% 23.86% 21.06% 18.95% 19.21% 21.53%
5.81% 5.62% 5.62% 5.46% 8.23% 10.60% 11.81% 12.10% 13.85% 15.49% 15.29% 12.99%
19.46% 18.45% 18.27% 17.87% 18.30% 17.08% 15.56% 14.78% 15.83% 16.34% 16.29% 16.28%
0.15% 0.12% 0.12% 0.11% 0.08% 0.05% 0.05% 0.04% 0.09% 0.05% 0.03% 0.03%
No. of Shareholders 1,95,2491,77,6541,65,6271,71,4701,71,3611,61,8231,59,8771,48,4351,68,3571,68,1381,69,9881,63,687

* 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

Concalls