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Indiamart Intermesh Ltd (INDIAMART)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 542726 NSE: INDIAMART e-Commerce | Small Cap | Indiamart Intermesh Share Price

₹1,999.90 6.85 (0.34%)

As on 05-Jun'26 09:55

Indiamart Intermesh Ltd (INDIAMART)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 542726 NSE: INDIAMART e-Commerce | Small Cap | Indiamart Intermesh Share Price

₹1,999.90 6.85 (0.34%)

As on 05-Jun'26 09:55

Key Metrics
Valuation Multiples
Market Cap
₹11,987 Cr.
Current Price
₹1,999.9
52-Week Low / High
₹1,911 / 2,772
TTM EPS
₹78.9
TTM Sales
₹1,569 Cr.
Book Value per Share
₹391
P/E Ratio
25.25
Lower than its 5-year historical median
Industry PE
15.8
Price to Book (P/B)
5.10
Lower than its 5-year historical median
Price to Sales (P/S)
7.64
Lower than its 5-year historical median
EV/EBITDA
16.20
Lower than its 5-year historical median
Dividend Yield
3.02%
Profitability Efficiency
Return on Equity (ROE)
21.10%
Outperforms industry median
Return on Capital Employed (ROCE)
28.39%
Outperforms industry median
Return on Assets (ROA)
10.47%
Operating Profit Margin
33.8%
Net Profit Margin
30.25%
Gross Profit Margin
46.6%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Slowing versus 3-year growth rate
13.02%
Operating Profit Growth (1 Year)
Slowing versus 3-year growth rate
1.39%
Net Profit Growth (1 Year)
Slowing versus 3-year growth rate
-13.8%
Asset Quality
Promoter Holding
49.12%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹2,292 Cr.
Equity
₹60.1 Cr.
Face Value
₹10
All Time Low / High
₹476.00 / 4975.98

Indiamart Intermesh stock performance

Key Ratios
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Quality

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Valuation

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Price Trend

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Q.1 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.

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.

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 0.00%, indicating faster growth and gaining its market share.
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.
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 -11.96% based on the current price.

10 Year X-Ray : Login to view analysis.

Analysis of Financial Track Record (Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end)

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Indiamart Intermesh Ltd has performed well in majority of the past ten years indicating its past ten year financial track record is very good

Value Creation

Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26TTM
ROCE % 0%0%0%98.7%42%22.7%19.3%24.4%36.4%28.4%-
Value Creation
Index
NANANA6.32.70.70.40.81.71.1-

Growth Parameters

Sales 3184115076396707539851,1971,3881,5691,569
Sales YoY Gr.-29.2%23.6%25.9%4.8%12.5%30.8%21.5%16%13%-
Adj EPS -14.212.43.525.54648.746.355.888.67978.9
YoY Gr.-NA-71.9%628.6%80.5%5.7%-4.8%20.6%58.7%-10.9%-
BVPS (₹) -107.6-8226.445.6264.1304.6332.4283.4358391.4391
Adj Net
Profit
-52.249.620147279297283335532475475
Cash Flow from Ops. -0.6179255261323402476559623694-
Debt/CF from Ops. 0000000000-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales 19.4%18.6%16.8%13%
Adj EPS NA11.4%19.5%-10.9%
BVPSNA8.2%5.6%9.3%
Share Price - -10.4% -10.7% -17.9%

Key Financial Parameters

Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26TTM
Return on
Equity %
14.6-14-24.867.729.617.114.417.627.120.720.2
Op. Profit
Mgn %
-17.1-18.63.426.44940.927.227.737.833.833.8
Net Profit
Mgn %
-16.412.1423.141.739.528.82838.330.330.3
Debt to
Equity
00000000000
Working Cap
Days
4143373772105102705174339
Cash Conv.
Cycle
-41-46-30-13-20-16-12-13-13-11193

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Sales3184115076396707539851,1971,3881,569
Operating Expenses + 3914874904703414467188658661,039
Manufacturing Costs6181941106795168179118117
Material Costs0000000000
Employee Cost 210195230267205268425544601693
Other Costs 121211166936983125142146230
Operating Profit -74-7617169328308268331523530
Operating Profit Margin (%) -23.2%-18.6%3.4%26.4%49.0%40.9%27.2%27.7%37.7%33.8%
Other Income + 1419416987112181211272204
Exceptional Items 0000000-200
Interest 0003758973
Depreciation 53421161231363328
Profit Before Tax -64-6054211389390371454706648
Tax 0-11534641109387120155173
Profit After Tax -645520147280298284334551475
PAT Margin (%) -20.3%13.3%4.0%23.1%41.8%39.5%28.8%27.9%39.7%30.3%
Adjusted EPS (₹)-17.613.73.525.546.148.746.455.791.879.0
Dividend Payout Ratio (%)0%0%0%19.60%16.30%2.10%21.60%35.90%54.50%76%

Valuation of Indiamart Intermesh - Consolidated

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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Analyst's Notes

data not found
No data found!

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26

Equity and Liabilities

Shareholders Fund + -395-3271512631,6011,8612,0331,6992,1482,352
Share Capital 9102929303131606060
Reserves -404-3371222351,5711,8302,0021,6392,0882,292
Debt +0000000000
Long Term Debt0000000000
Short Term Debt0000000000
Minority Interest0000000000
Trade Payables30421318151827342732
Others Liabilities 5867135718179581,2311,6321,8092,1102,394
Total Liabilities 2214287351,0982,5753,1103,6923,5424,2864,778

Fixed Assets

Net Fixed Assets +989866556553536515494
Gross Block171621118106106630644652658
Accumulated Depreciation871232415077108137164
CWIP 0000000100
Investments 1363116079012,2542,7222,7842,7463,4533,792
Inventories0000000000
Trade Receivables1112117545
Cash Equivalents 414778247877581018491
Others Assets 35614086176254290154229395
Total Assets 2214287351,0982,5753,1103,6923,5424,2864,778

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Cash Flow From Operating Activity + -1179255261323402476559623694
PBT -64-6054211389390371454706648
Adjustment 1211038-34-55-71-75-97-162-81
Changes in Working Capital 5313016810247180255294234284
Tax Paid -1-1-5-19-59-97-75-92-155-157
Cash Flow From Investing Activity + -8-165-276-233-1,338-335-324162-486-347
Capex -3-2-5-50-4-523-14-8-7
Net Investments -7-166-266-197-1,273-377106144-546-334
Others 23-4-31-6446933267-6
Cash Flow From Financing Activity + 71514-511,038-58-143-695-148-340
Net Proceeds from Shares 0111421,05200000
Net Proceeds from Borrowing 0000000000
Interest Paid 000-3-7-50000
Dividend Paid 000-33-1-46-6-61-120-300
Others 74-0-17-6-7-137-634-28-40
Net Cash Flow -129-7-23239927-117

Financial Ratio

PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Ratios
ROE (%)N/AN/A071.1230.0117.1914.5817.928.6321.1
ROCE (%)N/AN/A098.734222.7219.324.4236.3828.39
Asset Turnover Ratio1.531.270.870.70.360.270.290.330.350.35
PAT to CFO Conversion(x)N/A3.2512.751.781.151.351.681.671.131.46
Working Capital Days
Receivable Days0.400.500.500.600.800.601.601.801.201.10
Inventory Days0000000000
Payable Days0000000000

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Indiamart Intermesh Ltd FAQs

The current trading price of Indiamart Intermesh on 05-Jun-2026 09:55 is ₹1,999.9.

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 04-Jun-2026 the market cap of Indiamart Intermesh stood at ₹11,986.8 Cr

The latest P/E ratio of Indiamart Intermesh as of 04-Jun-2026 is 22.82.

The latest P/B ratio of Indiamart Intermesh as of 04-Jun-2026 is 4.81.

The 52-week high of Indiamart Intermesh is ₹2,772 and the 52-week low is ₹1,911.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Indiamart Intermesh is ₹1,443 ( Cr.) .

Past 10 year's financial track record analysis by Moneyworks4me indicates that Indiamart Intermesh Ltd is a good quality company.

The key valuation ratios of Indiamart Intermesh Ltd's currently when compared to its past seem to suggest it is in the Somewhat Undervalued zone.

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Indiamart Intermesh Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.

About Indiamart Intermesh Ltd

IndiaMart InterMesh was incorporated in New Delhi as ‘IndiaMart InterMesh Limited’ on September 13, 1999, as a public limited company under the Companies Act, 1956, with a certificate of incorporation granted by the Registrar of Companies, National Capital Territory of Delhi and Haryana (RoC).

Business area of the company

The company is India’s largest online B2B marketplace for business products and services. Its online marketplace provides a platform for mostly business buyers, to discover products and services and contact the suppliers of such business products and services. It provides a robust two-way discovery marketplace connecting buyers and suppliers.

Awards and Accreditations

  • 2008: Received the ‘Red Herring 100 Asia 2008’ award in the ‘software’ category.
  • 2010: Recognized as one of ‘India’s 25 Most Promising Internet Companies’ by The SmartTechie.
  • 2013: Received the ‘Manthan’ award, South Asia and Asia Pacific in the e-business and financial inclusion category.
  • 2016: Received the ‘Drivers of Digital Summit & Awards 2016’ for ‘best online classified website’ category.
  • 2016: Received the ‘Super SME Awards, 2016’ for ‘Special Contribution Award’ at World Association of Small and Medium Enterprises (WASME).
  • 2017: Received the ‘Drivers of Digital Summit & Awards, 2017’ for ‘best online classified website’ category.
  • 2017: Received the ‘Global Mobile App Summit Awards, 2017’ for ‘best application in business’ category.
  • 2018: Received the ‘Drivers of Digital Summit & Awards, 2018’ for ‘best online classified website’ category.
  • 2018: Received the ‘Drivers of Digital Summit & Awards, 2018’ for ‘best online classified application’ category.
  • 2019: Received the ‘India Law Awards, 2019’ for ‘Technology, Media and Telecommunication In-House Legal Team’ category.
  • 2019: Received the ‘Video Media Awards and Summit, 2019’ for ‘video content in a business website- special mention’ category.

Major Events and milestones

  • 1999: Incorporation of Company.
  • 2003: Launched TrustSeal for documentary verification of customers.
  • 2007: Received investment from Bennett, Coleman and Company Limited and Times Internet Limited.
  • 2008: Received investment from Intel.
  • 2015: Achieved 100,000 premium customers milestone.
  • 2016: Received investment from Amadeus, Westbridge, AFIM and Intel.
  • 2017: Received further investment from Amadeus, Westbridge and AFIM.
  • 2017: Launched payment protection programmed PayX for the purpose of safe and secure payment gateway.
  • 2020: Indiamart Intermesh has entered into an agreement to invest in Mobisy Technologies.
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