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 ₹ 14,940 Cr.
- Current Price ₹ 2,489
- High / Low ₹ 3,199 / 1,850
- Stock P/E 28.3
- Book Value ₹ 364
- Dividend Yield 1.21 %
- ROCE 34.2 %
- ROE 26.9 %
- Face Value ₹ 10.0
Pros
- 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.272 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.
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: | 30% |
5 Years: | 29% |
3 Years: | 21% |
TTM: | 58% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | 17% |
3 Years: | 6% |
1 Year: | -3% |
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 | |
---|---|---|---|---|---|---|---|---|---|---|---|
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 | 1,912 | |
Total Liabilities | 102 | 191 | 221 | 543 | 821 | 1,123 | 2,511 | 2,949 | 3,442 | 3,449 | 4,130 |
6 | 10 | 9 | 8 | 9 | 86 | 65 | 56 | 553 | 536 | 515 | |
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 | 161 | |
Total Assets | 102 | 191 | 221 | 543 | 821 | 1,123 | 2,511 | 2,949 | 3,442 | 3,449 | 4,130 |
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 | -302 |
ROCE % | 84% | 39% | 22% | 19% | 24% | 34% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
13h - Scheduled investor call with Dymon Asia on June 10, 2025; no price sensitive info shared.
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
3 Jun - Scheduled investor call with Ionic Wealth on June 3, 2025; no price sensitive info shared.
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
27 May - Scheduled investor meeting with Marcellus Investment Managers on May 27, 2025; no sensitive info shared.
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Intimation Of Cancellation Of Schedule Of Analyst/ Institutional Investor Meet Under Regulation 30 Read With Schedule III Of The SEBI (LODR) Regulations, 2015
26 May - Cancellation of May 26, 2025 analyst/investor meeting due to exigencies.
- Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011 23 May
Annual reports
Concalls
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May 2025Transcript PPT REC
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Oct 2019TranscriptNotesPPT
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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.