Check Before You Invest : Indiamart Intermesh Ltd

Q: Which industry/sub-sector does Indiamart Intermesh Ltd belong to?

Indiamart Intermesh Ltd belongs to the Retail sector, operating specifically within the e-Commerce segment.

Q: Is Indiamart Intermesh Ltd a good quality company?

Indiamart Intermesh Ltd is a average quality company, based on a somewhat consistent multi-year financial track record. This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.

Q: Is Indiamart Intermesh Ltd undervalued or overvalued?

Indiamart Intermesh Ltd appears Somewhat Undervalued, as its key valuation ratios are lower than their past averages. Based on the industry it operates in, the relevant valuation ratios include one of the following, P/E, P/BV, P/Sales, EV/EBITDA or a combination of two or more. Valuation Ratios. Price to Earnings, Current: 26.5, Historic Median: 50.22. Price to Book, Current: 5.24, Historic Median: 7.49. Price to Sales, Current: 8.02, Historic Median: 13.32. EV to EBITDA, Current: 17.01, Historic Median: 29.20

Q: Is Indiamart Intermesh Ltd a good buy now?

Indiamart Intermesh Ltd is a neutral opportunity now, based on stable price trend analysis suggesting prices may move sideways. However, you need to check its quality and valuation before making a decision

Q: Revenue growth of Indiamart Intermesh Ltd?

Indiamart Intermesh Ltd revenue growth is 16% for FY-2025, which is in line with its 5-year CAGR of 16.79%, indicating stable growth.

Q: Gross Profit margin of Indiamart Intermesh Ltd?

Indiamart Intermesh Ltd Gross profit margin which is the profit after deduction of direct costs, is 56.7% for FY-2025, which is in line with its 5-year median of 55%, indicating stable margins.

Q: Operating Profit Margin of Indiamart Intermesh Ltd?

Indiamart Intermesh Ltd Operating Profit Margin which is the profit after deduction of all operating costs, is 37.83% for FY-2025, which is in line with its 5-year median of 37.83% indicating stable margins.

Q: Net Profit Margin of Indiamart Intermesh Ltd?

Indiamart Intermesh Ltd Net Profit Margin is 39.67% for FY-2025, is in line with its 5-year median of 39.5%, indicating stable margins. Profitability Metrics. Gross Profit Margin (%), Current: 56.7, Historic Median: 55. Operating Profit Margin (%), Current: 37.83, Historic Median: 37.83. Net Profit Margin (%), Current: 39.67, Historic Median: 39.5

Q: Return on Asset of Indiamart Intermesh Ltd?

Indiamart Intermesh Ltd Return on Asset is 14.07%, which is above its 5-year historical median of 10.47%, indicating improved asset utilization efficiency.

Q: Return on capital employed (ROCE) of Indiamart Intermesh Ltd?

Indiamart Intermesh Ltd Return on capital employed is 36.38% for FY-2025, which is above its 5-year historical median of 24.42%. The current ROCE is above its estimated weighted average cost of capital (WACC) of 13.5%, indicating value creation.

Check Before You Invest : Indiamart Intermesh Ltd

BSE: 542726 NSE: INDIAMART ISIN: INE933S01016

| Sector: Retail | Industry: e-Commerce

Snapshot

Q.1 Which industry/sub-sector does Indiamart Intermesh Ltd belong to?

Indiamart Intermesh Ltd belongs to the Retail sector, operating specifically within the e-Commerce segment.

Q.2 Is Indiamart Intermesh Ltd a good quality company?

Indiamart Intermesh Ltd is a average quality company, based on a somewhat consistent multi-year financial track record.

This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.

Q.3 Is Indiamart Intermesh Ltd undervalued or overvalued?

Indiamart Intermesh Ltd appears Somewhat Undervalued, as its key valuation ratios are lower than their past averages.

Based on the industry it operates in, the relevant valuation ratios include one of the following, P/E, P/BV, P/Sales, EV/EBITDA or a combination of two or more.

Valuation Ratios	Current	5-year Historic Median
Price to Earnings	26.5	50.22
Price to Book	5.24	7.49
Price to Sales	8.02	13.32
EV to EBITDA	17.01	29.20

Q.4 Is Indiamart Intermesh Ltd a good buy now?

Indiamart Intermesh Ltd is a neutral opportunity now, based on stable price trend analysis suggesting prices may move sideways. However, you need to check its quality and valuation before making a decision

Performance Analysis

We have analysed the performance of the company on the following:

How has it performed on generating Profits?
By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.
How efficiently has it utilized Capital?
By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.
How is it managing its Debt?
By checking its Debt to Equity and Cash Flow from Operations.

A: What are the trends in revenue and profit margins?

Q.1 Revenue growth of Indiamart Intermesh Ltd?

Indiamart Intermesh Ltd revenue growth is 16% for FY-2025, which is in line with its 5-year CAGR of 16.79%, indicating stable growth.

Q.2 Gross Profit margin of Indiamart Intermesh Ltd?

Indiamart Intermesh Ltd Gross profit margin which is the profit after deduction of direct costs, is 56.7% for FY-2025, which is in line with its 5-year median of 55%, indicating stable margins.

Q.3 Operating Profit Margin of Indiamart Intermesh Ltd?

Indiamart Intermesh Ltd Operating Profit Margin which is the profit after deduction of all operating costs, is 37.83% for FY-2025, which is in line with its 5-year median of 37.83% indicating stable margins.

Q.4 Net Profit Margin of Indiamart Intermesh Ltd?

Indiamart Intermesh Ltd Net Profit Margin is 39.67% for FY-2025, is in line with its 5-year median of 39.5%, indicating stable margins.

	Current Level	5-year Historic Median
Gross Profit Margin (%)	56.7	55
Operating Profit Margin (%)	37.83	37.83
Net Profit Margin (%)	39.67	39.5

B: Does the business utilize capital efficiently?

Q.5 Return on Asset of Indiamart Intermesh Ltd?

Indiamart Intermesh Ltd Return on Asset is 14.07%, which is above its 5-year historical median of 10.47%, indicating improved asset utilization efficiency.

Q.6 Return on capital employed (ROCE) of Indiamart Intermesh Ltd?

Indiamart Intermesh Ltd Return on capital employed is 36.38% for FY-2025, which is above its 5-year historical median of 24.42%. The current ROCE is above its estimated weighted average cost of capital (WACC) of 13.5%, indicating value creation.

Q.7 Return on Equity (ROE) of Indiamart Intermesh Ltd?

Indiamart Intermesh Ltd Return on equity is 28.63% for FY-2025, which is above its 5-year historical median of 17.9%, indicating the business is making better use of its shareholders capital.

Q.8 Cash conversion cycle of Indiamart Intermesh Ltd?

Indiamart Intermesh Ltd Cash conversion cycle is -13 days, in line with its 5-year historical median of -13 days, indicating stable working capital management. However, you need to compare this with its peers in the industry.

	Current Level	5-year Historic Median
Asset Turnover (x)	0.35	0.33
ROE (%)	28.63	17.9
ROCE (%)	36.38	24.42
Cash Conversion Cycle	-13 days	-13 days

C: How much debt does the business have and is it at a sustainable level?

Q.9 Debt to Equity ratio of Indiamart Intermesh Ltd?

Indiamart Intermesh Ltd Debt-to-Equity ratio is 0.00, which is lower the industry average of 0.11, indicating lower debt levels in the industry.

Q.10 Debt to cash flow from operations of Indiamart Intermesh Ltd?

Indiamart Intermesh Ltd Debt to cash flow from operations is 0, which is at a healthy level.

Ownership & governance

D: Promoter shareholding and pledge status of Indiamart Intermesh Ltd?

Q.1 Promoter shareholding and pledge status of Indiamart Intermesh Ltd?

Promoters hold 49.12% of the Indiamart Intermesh Ltd, with 0.00% of their stake pledged, indicating no pledge risk.

Peer comparison (industry-wise, mcap)

E: How does Indiamart Intermesh Ltd performance compare with that of its Peers?

Q.1 Revenue growth of Indiamart Intermesh Ltd vs industry peers?

Indiamart Intermesh Ltd revenue CAGR is 16.79%, compared to the industry median CAGR of 0%, indicating faster growth and gaining its market share.

Profit Metrics

	Current Level	5-year Industry Median
Revenue Growth (%)	16	-
Gross Profit Growth (%)	47.8	20.6
Operating Profit Growth (%)	58	25.4
Net Profit Growth (%)	65	30.3

Operating Efficiency

	Current Level	5-year Industry Median
Asset Turnover (x)	0.35	0.5
ROE (%)	28.63	10.08
ROCE (%)	36.38	7.66
Cash Conversion Cycle (days)	-13.43	9

Valuation & price assessment

Q.1 Stock return of Indiamart Intermesh Ltd over the last decade?

Over the last 5 year(s), the stock has delivered a CAGR of -10.65% based on the current price.

	9Y	5Y	3Y	1Y
Share Price CAGR	-	-10.7%	-11%	-7.3%

Q.2 Valuation ratios of Indiamart Intermesh Ltd vs historical?

The current P/E ratio of 26.5 is lower than its historical median of 50.22, indicating that the stock is trading below its historical average valuation.

Q.3 How do the current valuation ratios compare with 5-year historical median and industry numbers?

Valuation Ratios	Current	5-year Historic Median	5-year Industry Median
Price to Earnings	26.5	50.22	31.46
Price to Book	5.24	7.49	5.00
Price to Sales	8.02	13.32	7.95
EV to EBITDA	17.01	29.20	18.70

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Check Before You Invest : Indiamart Intermesh Ltd

Snapshot

Performance Analysis

Ownership & governance

Peer comparison (industry-wise, mcap)

Profit Metrics

Operating Efficiency

Valuation & price assessment

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Check trending companies

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