Indiamart Intermesh Ltd

Indiamart Inter. Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Indiamart Intermesh Ltd

₹ 2,540 -1.42%
18 Apr - close price
indiamart.com BSE: 542726 NSE : INDIAMART
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
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]

Website BSE NSE
  • Market Cap ₹ 15,232 Cr.
  • Current Price ₹ 2,540
  • High / Low ₹ 3,336 / 2,393
  • Stock P/E 52.2
  • Book Value ₹ 258
  • Dividend Yield 0.39 %
  • ROCE 18.8 %
  • ROE 14.4 %
  • Face Value ₹ 10.0
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Pros

  • Company is almost debt free.
  • Company has delivered good profit growth of 38.9% CAGR over last 5 years

Cons

  • Stock is trading at 9.86 times its book value
  • Earnings include an other income of Rs.162 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.

Peer comparison

Sector: E-Commerce/App based Aggregator Industry: Miscellaneous

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
174 180 182 182 188 201 225 241 251 269 282 295 305
86 96 94 101 112 150 167 184 191 213 215 226 227
Operating Profit 87 84 87 81 76 51 57 56 61 56 67 69 78
OPM % 50% 47% 48% 45% 40% 26% 25% 23% 24% 21% 24% 23% 26%
25 10 29 31 22 30 1 47 102 31 55 35 42
Interest 2 2 1 1 1 1 1 3 2 2 2 2 2
Depreciation 4 4 3 3 3 3 6 8 9 9 7 8 8
Profit before tax 106 89 112 109 93 77 51 93 152 76 112 93 110
Tax % 25% 38% 21% 24% 25% 25% 8% 26% 26% 26% 26% 26% 25%
80 56 88 82 70 57 47 68 113 56 83 69 82
EPS in Rs 13.78 9.18 14.46 13.45 11.49 9.39 7.63 11.18 18.43 9.12 13.57 11.57 13.65
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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 TTM
176 254 318 411 507 639 670 753 985 1,151
228 373 391 487 490 472 344 458 755 881
Operating Profit -52 -119 -74 -76 17 167 326 296 230 270
OPM % -29% -47% -23% -19% 3% 26% 49% 39% 23% 23%
23 8 14 19 41 69 87 112 181 162
Interest 0 1 0 0 0 3 7 5 8 9
Depreciation 3 4 5 3 4 21 16 12 31 32
Profit before tax -32 -115 -64 -60 54 211 389 390 371 391
Tax % -0% -0% -0% 191% 63% 30% 28% 24% 24%
-32 -116 -64 55 20 147 280 298 284 290
EPS in Rs -17.43 -63.34 -35.16 27.38 3.50 25.50 46.09 48.71 46.38 47.91
Dividend Payout % 0% 0% 0% 0% 0% 20% 16% 2% 22%
Compounded Sales Growth
10 Years: %
5 Years: 19%
3 Years: 16%
TTM: 25%
Compounded Profit Growth
10 Years: %
5 Years: 39%
3 Years: 24%
TTM: 2%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: -13%
1 Year: -6%
Return on Equity
10 Years: %
5 Years: %
3 Years: 18%
Last Year: 14%

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 Sep 2023
Equity Capital 9 9 9 10 29 29 30 31 31 60
Reserves -152 -153 -399 -331 131 246 1,581 1,844 2,028 1,485
Preference Capital 49 66 0 0 0 0 0 0 0
0 0 0 0 0 77 63 56 46 48
245 334 611 864 661 771 837 1,019 1,338 1,408
Total Liabilities 102 191 221 543 821 1,123 2,511 2,949 3,442 3,000
6 10 9 8 9 86 65 56 553 548
CWIP 0 0 0 0 0 0 0 0 0 0
Investments 60 125 136 311 607 901 2,254 2,722 2,784 2,330
36 56 76 223 204 136 192 171 106 121
Total Assets 102 191 221 543 821 1,123 2,511 2,949 3,442 3,000

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
7 -55 -1 179 255 261 322 402 476
-4 -75 -8 -165 -276 -233 -1,338 -335 -324
-0 133 7 15 14 -51 1,038 -58 -143
Net Cash Flow 3 2 -1 29 -7 -23 23 9 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 Mar 2023
Debtor Days 1 0 1 1 0 1 1 1 3
Inventory Days
Days Payable
Cash Conversion Cycle 1 0 1 1 0 1 1 1 3
Working Capital Days -272 -241 -243 -260 -277 -258 -240 -284 -300
ROCE % 84% 39% 22% 19%

Shareholding Pattern

Numbers in percentages

2 Recently
Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
49.82% 49.52% 49.52% 49.52% 49.22% 49.22% 49.22% 49.22% 49.22% 49.21% 49.21% 49.21%
26.68% 27.91% 26.53% 23.93% 23.59% 25.00% 25.38% 26.60% 26.76% 27.33% 24.16% 23.08%
4.71% 4.68% 5.34% 5.46% 4.96% 5.24% 5.81% 5.62% 5.62% 5.46% 8.23% 10.60%
18.64% 17.16% 18.57% 21.05% 21.50% 20.33% 19.46% 18.45% 18.27% 17.87% 18.30% 17.08%
0.16% 0.72% 0.04% 0.04% 0.72% 0.21% 0.15% 0.12% 0.12% 0.11% 0.08% 0.05%
No. of Shareholders 1,52,8741,34,1821,59,6172,10,1732,41,4092,14,6401,95,2491,77,6541,65,6271,71,4701,71,3611,61,823

* 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.

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Documents

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