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Indiamart Intermesh Overview

IndiaMART InterMESH Ltd operates an online B2B marketplace for commercial enterprise services and products in India and across the world. The corporation's e-market acts as an interactive hub for domestic and global customers and suppliers. Its platform serves small and medium firms, large firms, and individuals. The agency was incorporated in 1999 and is based in Noida, India.

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Indiamart Intermesh Key Financials

Market Cap ₹13044 Cr.

Stock P/E 23.7

P/B 5.6

Current Price ₹2170.9

Book Value ₹ 389.5

Face Value 10

52W High ₹2772

Dividend Yield 2.3%

52W Low ₹ 1925.4

Indiamart Intermesh Share Price

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Volume
Price

Indiamart Intermesh Quarterly Price

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Indiamart Intermesh Peer Comparison

Indiamart Intermesh Quarterly Results

#(Fig in Cr.) Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025
Net Sales 295 305 315 331 348 354 355 372 391 402
Other Income 35 42 77 53 66 45 109 92 10 135
Total Income 329 347 392 385 413 399 464 465 401 537
Total Expenditure 215 220 226 212 213 216 225 239 261 267
Operating Profit 115 127 166 173 200 183 239 226 140 270
Interest 2 2 2 2 2 2 2 1 1 1
Depreciation 8 8 13 8 8 8 8 7 7 7
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0 0
Profit Before Tax 104 117 151 163 190 173 229 218 132 262
Provision for Tax 24 28 40 37 42 38 38 50 36 59
Profit After Tax 80 89 111 125 148 135 192 168 96 203
Adjustments -11 -7 -12 -11 -13 -14 -11 -14 -13 -15
Profit After Adjustments 69 82 100 114 135 121 181 154 83 188
Adjusted Earnings Per Share 11.6 13.7 16.6 19 22.5 20.2 30.1 25.6 13.8 31.3

Indiamart Intermesh Profit & Loss

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
Net Sales 176 246 318 411 507 639 670 753 985 1197 1388 1520
Other Income 12 5 14 19 41 69 87 112 181 211 272 346
Total Income 188 251 332 430 548 707 756 866 1166 1407 1661 1867
Total Expenditure 216 378 391 487 490 470 341 446 718 865 866 992
Operating Profit -28 -127 -60 -57 58 237 415 420 448 542 795 875
Interest 0 0 0 0 0 3 7 5 8 9 7 5
Depreciation 3 4 5 3 4 21 16 12 31 36 33 29
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0 -2 0 0
Profit Before Tax -32 -131 -64 -60 54 211 389 390 371 454 706 841
Provision for Tax 0 0 0 -115 34 64 110 93 87 120 155 183
Profit After Tax -32 -132 -64 55 20 147 280 298 284 334 551 659
Adjustments -0 -0 -0 -0 0 0 0 0 0 0 0 -53
Profit After Adjustments -32 -132 -64 55 20 147 280 298 284 334 551 606
Adjusted Earnings Per Share -8.7 -35.9 -17.5 13.7 3.5 25.5 46.1 48.7 46.4 55.7 91.8 100.8

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 16% 23% 17% 23%
Operating Profit CAGR 47% 24% 27% 0%
PAT CAGR 65% 23% 30% 0%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR -1% -7% -11% NA%
ROE Average 29% 20% 22% 16%
ROCE Average 36% 27% 29% 22%

Indiamart Intermesh Balance Sheet

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Shareholder's Funds -94 -327 -390 -321 160 275 1611 1874 2058 1736 2185
Minority's Interest 0 0 0 0 0 0 0 0 0 0 0
Borrowings 0 0 0 0 0 0 0 0 0 0 0
Other Non-Current Liabilities 54 313 370 430 154 333 423 578 689 646 731
Total Current Liabilities 142 209 241 319 421 490 541 658 944 1160 1369
Total Liabilities 102 195 221 428 735 1098 2575 3110 3692 3542 4286
Fixed Assets 6 11 9 8 9 86 65 56 553 536 515
Other Non-Current Assets 15 16 6 35 5 93 125 614 688 544 688
Total Current Assets 81 168 207 385 721 920 2385 2440 2452 2462 3083
Total Assets 102 195 221 428 735 1098 2575 3110 3692 3542 4286

Indiamart Intermesh Cash Flow

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Opening Cash & Cash Equivalents 7 10 19 18 47 40 17 40 50 58 85
Cash Flow from Operating Activities 7 -56 -1 179 255 261 323 402 476 559 623
Cash Flow from Investing Activities -4 -68 -8 -165 -276 -233 -1338 -335 -324 162 -486
Cash Flow from Financing Activities -0 133 7 15 14 -51 1038 -58 -143 -695 -148
Net Cash Inflow / Outflow 3 9 -1 29 -7 -23 23 9 9 27 -11
Closing Cash & Cash Equivalent 10 19 18 47 40 17 40 50 58 85 73

Indiamart Intermesh Ratios

# Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Earnings Per Share (Rs) -8.69 -35.87 -17.55 13.72 3.51 25.52 46.14 48.71 46.41 55.71 91.78
CEPS(Rs) -7.87 -34.87 -16.28 14.44 4.23 29.18 48.79 50.66 51.49 61.79 97.27
DPS(Rs) 0 0 0 0 0 10 15 2 10 20 50
Book NAV/Share(Rs) -39.47 -90.19 -107.61 -82.03 26.41 45.61 264.08 304.56 332.39 283.38 358.01
Core EBITDA Margin(%) -22.9 -53.99 -23.19 -18.57 3.37 26.44 49.01 40.86 27.19 27.69 37.66
EBIT Margin(%) -17.83 -53.35 -20.19 -14.64 10.63 33.61 59.15 52.54 38.51 38.71 51.37
Pre Tax Margin(%) -18.1 -53.35 -20.19 -14.64 10.63 33.09 58.15 51.82 37.68 37.97 50.84
PAT Margin (%) -18.11 -53.54 -20.25 13.34 3.95 23.07 41.78 39.5 28.8 27.9 39.67
Cash Profit Margin (%) -16.39 -52.04 -18.79 14.04 4.76 26.38 44.18 41.08 31.96 30.95 42.04
ROA(%) -34.5 -88.53 -30.95 16.88 3.45 16.08 15.23 10.47 8.34 9.23 14.07
ROE(%) 0 0 0 0 0 71.12 30.01 17.19 14.58 17.9 28.63
ROCE(%) 0 0 0 0 0 98.73 42 22.72 19.3 24.42 36.38
Receivable days 1 0.5 0.44 0.54 0.45 0.64 0.8 0.62 1.55 1.81 1.15
Inventory Days 0 0 0 0 0 0 0 0 0 0 0
Payable days 0 0 0 0 0 0 0 0 0 0 0
PER(x) 0 0 0 0 0 37.93 83.79 44.38 54.17 47.49 22.5
Price/Book(x) 0 0 0 0 0 21.22 14.64 7.1 7.56 9.34 5.77
Dividend Yield(%) 0 0 0 0 0 0.52 0.19 0.05 0.4 0.76 2.42
EV/Net Sales(x) 0.27 -0.04 -0.1 -0.09 -0.1 8.71 34.89 17.43 15.54 13.17 8.87
EV/Core EBITDA(x) -1.69 0.08 0.53 0.64 -0.85 23.44 56.33 31.26 34.16 29.08 15.48
Net Sales Growth(%) 29.71 39.58 29.3 29.19 23.61 25.9 4.81 12.53 30.78 21.45 16.01
EBIT Growth(%) -331.71 -317.64 51.08 6.31 189.73 298.16 84.45 -0.04 -4.15 22.1 53.95
PAT Growth(%) -320.47 -312.65 51.09 185.1 -63.4 635.29 89.83 6.38 -4.63 17.66 64.9
EPS Growth(%) -320.48 -312.65 51.08 178.16 -74.45 628.03 80.82 5.55 -4.71 20.03 64.75
Debt/Equity(x) -0 0 0 0 0 0 0 0 0 0 0
Current Ratio(x) 0.57 0.8 0.86 1.21 1.71 1.88 4.41 3.71 2.6 2.12 2.25
Quick Ratio(x) 0.57 0.8 0.86 1.21 1.71 1.88 4.41 3.71 2.6 2.12 2.25
Interest Cover(x) -66.51 0 0 0 0 65.4 59.44 73.28 46.55 51.98 96.3
Total Debt/Mcap(x) 0 0 0 0 0 0 0 0 0 0 0

Indiamart Intermesh Shareholding Pattern

# Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
Promoter 49.21 49.21 49.21 49.21 49.17 49.17 49.17 49.17 49.12 49.12
FII 24.16 23.07 23.37 23.86 21.06 18.95 19.22 21.53 18.27 19.17
DII 8.23 10.6 11.81 12.1 13.86 15.5 15.3 13 16.41 13.53
Public 18.39 17.11 15.61 14.83 15.92 16.38 16.32 16.3 16.2 18.18
Others 0 0 0 0 0 0 0 0 0 0
Total 100 100 100 100 100 100 100 100 100 100

Indiamart Intermesh News

Indiamart Intermesh Pros & Cons

Pros

  • Company has delivered good profit growth of 30% CAGR over last 5 years
  • Company has a good return on equity (ROE) track record: 3 Years ROE 20%
  • Company is almost debt free.

Cons

  • Promoter holding is low: 49.12%.
  • Stock is trading at 5.6 times its book value.
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