Indiamart Intermesh Ltd

₹ 4,434 -5.26%
27 Jan - 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

Pan India presence
The company has been diversifying its presence and now the Metro cities accounts for only 33% of buyers, tier-2 cities accounts for 26% & rest of India accounts for 41%. [1] The diversified presence helps to minimize the impact of region-specific risks on its business.
It has a nationwide coverage with 85 office branches and a sales & service staff of ~4,000 employees. [2]

  • Market Cap 13,576 Cr.
  • Current Price 4,434
  • High / Low 5,382 / 3,676
  • Stock P/E 47.6
  • Book Value 614
  • Dividend Yield 0.05 %
  • ROCE 21.9 %
  • ROE 17.1 %
  • Face Value 10.0

Pros

  • Company is almost debt free.
  • Company has delivered good profit growth of 45.9% CAGR over last 5 years

Cons

  • Stock is trading at 7.23 times its book value
  • Earnings include an other income of Rs.179 Cr.
  • Promoter holding has decreased over last 3 years: -3.20%

* 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

Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022
165 170 153 163 174 180 182 182 188 201 225 241 251
122 118 80 82 86 96 94 101 112 150 167 184 191
Operating Profit 43 52 73 82 87 84 87 81 76 51 57 56 61
OPM % 26% 30% 48% 50% 50% 47% 48% 45% 40% 26% 25% 23% 24%
17 17 34 18 25 10 29 31 22 30 1 47 102
Interest 0 2 2 2 2 2 1 1 1 1 1 3 2
Depreciation 6 6 4 4 4 4 3 3 3 3 6 8 9
Profit before tax 53 61 100 93 106 89 112 109 93 77 51 93 152
Tax % -17% 28% 26% 25% 25% 38% 21% 24% 25% 25% 8% 26% 26%
Net Profit 62 44 74 70 80 56 88 82 70 57 47 68 113
EPS in Rs 21.44 15.32 25.62 23.97 27.54 18.34 28.93 26.89 22.97 18.78 15.25 22.34 36.85
Raw PDF

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 TTM
176 254 318 411 507 639 670 753 918
228 373 391 487 490 472 344 458 692
Operating Profit -52 -119 -74 -76 17 167 326 296 226
OPM % -29% -47% -23% -19% 3% 26% 49% 39% 25%
23 8 14 19 41 69 87 112 179
Interest 0 1 0 0 0 3 7 5 7
Depreciation 3 4 5 3 4 21 16 12 25
Profit before tax -32 -115 -64 -60 54 211 389 390 372
Tax % -0% -0% -0% 191% 63% 30% 28% 24%
Net Profit -32 -116 -64 55 20 147 280 298 285
EPS in Rs -34.78 -126.42 -70.18 54.89 7.01 50.96 92.14 97.37 93.22
Dividend Payout % 0% 0% 0% 0% 0% 20% 16% 2%
Compounded Sales Growth
10 Years: %
5 Years: 19%
3 Years: 14%
TTM: 25%
Compounded Profit Growth
10 Years: %
5 Years: 46%
3 Years: 146%
TTM: -4%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: 24%
1 Year: -8%
Return on Equity
10 Years: %
5 Years: %
3 Years: 25%
Last Year: 17%

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 Sep 2022
58 75 9 10 29 29 30 31 31
Reserves -152 -153 -399 -331 131 246 1,581 1,844 1,848
0 0 0 0 0 77 63 56 52
245 334 611 864 661 771 837 1,019 1,115
Total Liabilities 102 191 221 543 821 1,123 2,511 2,949 3,046
6 10 9 8 9 86 65 56 567
CWIP 0 0 0 0 0 0 0 0 0
Investments 60 125 136 311 607 901 2,254 2,722 2,365
36 56 76 223 204 136 192 171 114
Total Assets 102 191 221 543 821 1,123 2,511 2,949 3,046

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
7 -55 -1 179 255 261 322 402
-4 -75 -8 -165 -276 -233 -1,338 -335
-0 133 7 15 14 -51 1,038 -58
Net Cash Flow 3 2 -1 29 -7 -23 23 9

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Debtor Days 1 0 1 1 0 1 1 1
Inventory Days
Days Payable
Cash Conversion Cycle 1 0 1 1 0 1 1 1
Working Capital Days -272 -241 -243 -260 -277 -258 -240 -284
ROCE % 84% 39% 22%

Shareholding Pattern

Numbers in percentages

Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022
52.34 52.34 51.99 51.98 49.85 49.82 49.52 49.52 49.52 49.22 49.22 49.22
12.24 15.15 21.67 24.61 27.53 26.68 27.91 26.53 23.93 23.59 25.00 25.38
3.08 3.79 5.73 5.04 4.52 4.71 4.68 5.34 5.46 4.96 5.24 5.81
32.19 28.57 20.00 18.20 17.94 18.64 17.16 18.57 21.05 21.50 20.33 19.46
0.15 0.15 0.61 0.17 0.16 0.16 0.72 0.04 0.04 0.72 0.21 0.15

* 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.

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