Indiamart Intermesh Ltd

Indiamart Intermesh Ltd

₹ 2,091 1.66%
07 May - 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 12,607 Cr.
  • Current Price 2,091
  • High / Low 2,799 / 1,925
  • Stock P/E 26.6
  • Book Value 399
  • Dividend Yield 1.43 %
  • ROCE 28.0 %
  • ROE 20.7 %
  • Face Value 10.0

Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Company has been maintaining a healthy dividend payout of 42.8%

Cons

  • Earnings include an other income of Rs.204 Cr.
  • Working capital days have increased from -70.6 days to 404 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.

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
269 282 295 305 315 331 348 354 355 372 391 402 404
213 215 226 227 238 223 226 230 236 253 275 282 284
Operating Profit 56 67 69 78 77 108 122 124 119 119 116 120 120
OPM % 21% 24% 23% 26% 24% 33% 35% 35% 34% 32% 30% 30% 30%
31 55 35 42 77 53 66 45 109 92 10 135 -34
Interest 2 2 2 2 2 2 2 2 2 1 1 1 1
Depreciation 9 7 8 8 13 8 8 8 8 7 7 7 7
Profit before tax 76 112 93 110 139 151 177 159 218 204 119 247 78
Tax % 26% 26% 26% 25% 28% 25% 24% 24% 17% 25% 30% 24% 36%
56 83 69 82 100 114 135 121 181 154 83 188 50
EPS in Rs 9.12 13.57 11.57 13.65 16.61 19.01 22.52 20.16 30.08 25.57 13.78 31.34 8.35
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 Mar 2023 Mar 2024 Mar 2025 Mar 2026
176 254 318 411 507 639 670 753 985 1,197 1,388 1,569
228 373 391 487 490 472 344 458 755 906 915 1,094
Operating Profit -52 -119 -74 -76 17 167 326 296 230 291 474 475
OPM % -29% -47% -23% -19% 3% 26% 49% 39% 23% 24% 34% 30%
23 8 14 19 41 69 87 112 181 209 272 204
Interest 0 1 0 0 0 3 7 5 8 9 7 3
Depreciation 3 4 5 3 4 21 16 12 31 36 33 28
Profit before tax -32 -115 -64 -60 54 211 389 390 371 454 706 648
Tax % 0% 0% 0% -191% 63% 30% 28% 24% 24% 26% 22% 27%
-32 -116 -64 55 20 147 280 298 284 334 551 475
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 79.00
Dividend Payout % 0% 0% 0% 0% 0% 20% 16% 2% 22% 36% 54% 38%
Compounded Sales Growth
10 Years: 20%
5 Years: 19%
3 Years: 17%
TTM: 13%
Compounded Profit Growth
10 Years: 20%
5 Years: 11%
3 Years: 19%
TTM: -10%
Stock Price CAGR
10 Years: %
5 Years: -11%
3 Years: -11%
1 Year: -8%
Return on Equity
10 Years: %
5 Years: 19%
3 Years: 22%
Last Year: 21%

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 Mar 2026
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 2,340
49 66 0 0 0 77 63 56 46 41 33 23
196 268 611 864 661 771 837 1,019 1,338 1,672 1,912 2,201
Total Liabilities 102 191 221 543 821 1,123 2,511 2,949 3,442 3,449 4,130 4,625
6 10 9 8 9 86 65 56 553 536 515 494
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 3,792
36 56 76 223 204 136 192 171 106 166 161 338
Total Assets 102 191 221 543 821 1,123 2,511 2,949 3,442 3,449 4,130 4,625

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 Mar 2026
7 -55 -1 179 255 261 322 402 476 559 623 694
-4 -75 -8 -165 -276 -233 -1,338 -335 -324 162 -486 -347
-0 133 7 15 14 -51 1,038 -58 -143 -695 -148 -340
Net Cash Flow 3 2 -1 29 -7 -23 23 9 9 27 -11 7
Free Cash Flow 4 -63 -3 177 250 256 323 398 460 545 615 687
CFO/OP -10% 48% -1% -236% 1,524% 167% 117% 169% 240% 224% 164% 179%

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 Mar 2026
Debtor Days 1 0 1 1 0 1 1 1 3 1 1 1
Inventory Days
Days Payable
Cash Conversion Cycle 1 0 1 1 0 1 1 1 3 1 1 1
Working Capital Days -272 -241 -243 -260 -277 -266 -246 -289 -305 -311 -305 404
ROCE % 84% 39% 22% 19% 24% 34% 28%

Insights

In beta
Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Paying Suppliers
Thousands ・Standalone data

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Annualised Revenue Per Paying Supplier (ARPU)
INR Thousands ・Standalone data
Indian Supplier Storefronts
Millions ・Standalone data
Live Product Listings
Millions ・Standalone data
Registered Buyers
Millions ・Standalone data
Total Employees
Number ・Standalone data
Unique Business Enquiries
Millions ・Standalone data

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

2 Recently
Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
49.22% 49.21% 49.21% 49.21% 49.21% 49.21% 49.17% 49.17% 49.17% 49.17% 49.12% 49.12%
26.76% 27.33% 24.16% 23.08% 23.37% 23.86% 21.06% 18.95% 19.21% 21.53% 18.28% 19.17%
5.62% 5.46% 8.23% 10.60% 11.81% 12.10% 13.85% 15.49% 15.29% 12.99% 16.41% 13.54%
18.27% 17.87% 18.30% 17.08% 15.56% 14.78% 15.83% 16.34% 16.29% 16.28% 16.13% 18.17%
0.12% 0.11% 0.08% 0.05% 0.05% 0.04% 0.09% 0.05% 0.03% 0.03% 0.05% 0.01%
No. of Shareholders 1,65,6271,71,4701,71,3611,61,8231,59,8771,48,4351,68,3571,68,1381,69,9881,63,6871,57,9861,58,065

* 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

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