INDIAMART INTERMESH LIMITED |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 2,634 INR | -0.91% |
|
+4.27% | -3.23% |
| 08/04 | Indiamart Intermesh's CFO Redesignated as Chief Strategy Officer | MT |
| 05/04 | IndiaMART InterMESH Limited Announces Chief Financial Officer Changes | CI |
Valuation
| Fiscal Period: March | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|
| Capitalization 1 | 56,000 | 2,34,953 | 1,32,120 | 1,53,678 | 1,57,859 | - | - |
| Enterprise Value (EV) 1 | 47,728 | 2,12,560 | 1,06,625 | 1,28,011 | 1,33,573 | 1,28,165 | 1,21,819 |
| P/E ratio | 38.5 x | 81.8 x | 44.6 x | 54.2 x | 50.1 x | 40.6 x | 32 x |
| Yield | 0.52% | 0.19% | 0.05% | 0.4% | 0.71% | 0.9% | 1.11% |
| Capitalization / Revenue | 8.77 x | 35.1 x | 17.5 x | 15.6 x | 13.1 x | 11 x | 9.25 x |
| EV / Revenue | 7.47 x | 31.7 x | 14.2 x | 13 x | 11.1 x | 8.95 x | 7.14 x |
| EV / EBITDA | 28.3 x | 64.8 x | 34.6 x | 47.8 x | 40.8 x | 31.1 x | 23.6 x |
| EV / FCF | 18.7 x | 65.9 x | 26.8 x | 27.9 x | 27.1 x | 27.1 x | 21 x |
| FCF Yield | 5.36% | 1.52% | 3.73% | 3.58% | 3.7% | 3.69% | 4.76% |
| Price to Book | 20.3 x | 14.6 x | 7.06 x | 7.47 x | 8.14 x | 7.08 x | 5.99 x |
| Nbr of stocks (in thousands) | 57,840 | 60,727 | 61,129 | 61,229 | 59,930 | - | - |
| Reference price 2 | 968.2 | 3,869 | 2,161 | 2,510 | 2,634 | 2,634 | 2,634 |
| Announcement Date | 12/05/20 | 29/04/21 | 28/04/22 | 28/04/23 | - | - | - |
1INR in Million2INR
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: March | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|
| Net sales 1 | 6,389 | 6,696 | 7,535 | 9,854 | 12,007 | 14,320 | 17,059 |
| EBITDA 1 | 1,689 | 3,282 | 3,078 | 2,679 | 3,270 | 4,119 | 5,152 |
| EBIT 1 | 1,478 | 3,121 | 2,959 | 2,368 | 2,946 | 3,772 | 4,765 |
| Operating Margin | 23.13% | 46.61% | 39.27% | 24.03% | 24.53% | 26.34% | 27.93% |
| Earnings before Tax (EBT) 1 | 2,115 | 3,893 | 4,027 | 4,092 | 4,431 | 5,386 | 6,702 |
| Net income 1 | 1,474 | 2,798 | 2,976 | 2,838 | 3,181 | 3,931 | 4,957 |
| Net margin | 23.07% | 41.79% | 39.5% | 28.8% | 26.49% | 27.45% | 29.06% |
| EPS 2 | 25.12 | 47.29 | 48.42 | 46.32 | 52.62 | 64.95 | 82.37 |
| Free Cash Flow 1 | 2,559 | 3,225 | 3,979 | 4,587 | 4,937 | 4,723 | 5,803 |
| FCF margin | 40.05% | 48.16% | 52.81% | 46.55% | 41.12% | 32.98% | 34.02% |
| FCF Conversion (EBITDA) | 151.51% | 98.26% | 129.27% | 171.22% | 150.97% | 114.66% | 112.63% |
| FCF Conversion (Net income) | 173.61% | 115.26% | 133.7% | 161.63% | 155.21% | 120.15% | 117.05% |
| Dividend per Share 2 | 5.000 | 7.500 | 1.000 | 10.00 | 18.73 | 23.73 | 29.36 |
| Announcement Date | 12/05/20 | 29/04/21 | 28/04/22 | 28/04/23 | - | - | - |
1INR in Million2INR
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: March | 2022 Q2 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 | 2024 Q1 | 2024 Q2 | 2024 Q3 | 2024 Q4 | 2025 Q1 | 2025 Q2 | 2025 Q3 | 2025 Q4 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 1,824 | 1,881 | 2,014 | 2,246 | 2,406 | 2,514 | 2,688 | 2,821 | 2,947 | 3,053 | 3,163 | 3,294 | 3,449 | 3,627 | 3,824 |
| EBITDA 1 | 832 | 788 | 572 | 642 | 672 | 702 | 661 | 773 | 800 | 857 | 845.9 | 936 | 992 | 1,056 | 1,094 |
| EBIT 1 | 804 | 758 | 543 | 579 | 596 | 616 | 575 | 699 | 720 | 773 | 770.2 | 846 | 897 | 957 | 989 |
| Operating Margin | 44.08% | 40.3% | 26.96% | 25.78% | 24.77% | 24.5% | 21.39% | 24.78% | 24.43% | 25.32% | 24.35% | 25.68% | 26.01% | 26.39% | 25.86% |
| Earnings before Tax (EBT) 1 | 1,086 | 933 | 825 | 577 | 1,036 | 1,616 | 861 | 1,230 | 933 | 1,168 | 1,105 | - | - | - | - |
| Net income 1 | 822 | 702 | 574 | 467 | 684 | 1,128 | 558 | 831 | 694 | 819 | 828.6 | 965 | 1,018 | 1,079 | 1,119 |
| Net margin | 45.07% | 37.32% | 28.5% | 20.79% | 28.43% | 44.87% | 20.76% | 29.46% | 23.55% | 26.83% | 26.2% | 29.3% | 29.52% | 29.75% | 29.26% |
| EPS 2 | 13.36 | 11.42 | 9.335 | 7.600 | 11.18 | 18.45 | 9.140 | 13.57 | 11.34 | 13.63 | 13.80 | 15.80 | 16.60 | 17.60 | 18.30 |
| Dividend per Share | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 21/10/21 | 24/01/22 | 28/04/22 | 21/07/22 | 20/10/22 | 19/01/23 | 28/04/23 | 20/07/23 | 27/10/23 | 18/01/24 | - | - | - | - | - |
1INR in Million2INR
Estimates
Balance Sheet Analysis
| Fiscal Period: March | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|
| Net Debt 1 | - | - | - | - | - | - | - |
| Net Cash position 1 | 8,272 | 22,393 | 25,495 | 25,667 | 24,286 | 29,694 | 36,040 |
| Leverage (Debt/EBITDA) | - | - | - | - | - | - | - |
| Free Cash Flow 1 | 2,559 | 3,225 | 3,979 | 4,587 | 4,937 | 4,723 | 5,803 |
| ROE (net income / shareholders' equity) | 67.8% | 29.7% | 17.1% | 14.4% | 15.9% | 19.3% | 20.9% |
| ROA (Net income/ Total Assets) | - | - | - | - | 9% | 10.8% | 11.7% |
| Assets 1 | - | - | - | - | 35,344 | 36,568 | 42,553 |
| Book Value Per Share 2 | 47.60 | 266.0 | 306.0 | 336.0 | 324.0 | 372.0 | 440.0 |
| Cash Flow per Share | - | - | - | - | - | - | - |
| Capex 1 | 46 | - | 44 | 172 | 270 | 307 | 344 |
| Capex / Sales | 0.72% | - | 0.58% | 1.75% | 2.25% | 2.15% | 2.02% |
| Announcement Date | 12/05/20 | 29/04/21 | 28/04/22 | 28/04/23 | - | - | - |
1INR in Million2INR
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
B-
Sell
Buy
Mean consensus
OUTPERFORM
Number of Analysts
19
Last Close Price
2,634
INR
Average target price
2,955
INR
Spread / Average Target
+12.17%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| -3.23% | 1.89B | |
| -2.53% | 184B | |
| -11.62% | 180B | |
| -8.43% | 91.88B | |
| +41.15% | 91.6B | |
| -10.53% | 71.28B | |
| +19.26% | 26.35B | |
| +17.48% | 10.05B | |
| -11.43% | 8.53B | |
| -15.19% | 5.59B |
- Stock Market
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- INDIAMART Stock
- Financials IndiaMART InterMESH Limited
