INDIAMART INTERMESH LIMITED |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 2,628 INR | +0.06% |
|
-4.61% | -3.46% |
| 04:57am | IndiaMART InterMESH Ups Stake in Subsidiary Livekeeping Technologies | MT |
| May. 02 | Nomura Adjusts IndiaMART’s Price Target to INR2,520 From INR2,530, Keeps at Neutral | MT |
Valuation
| Fiscal Period: March | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|
| Capitalization 1 | 56,000 | 234,953 | 132,120 | 153,678 | 157,389 | - | - |
| Enterprise Value (EV) 1 | 47,728 | 212,560 | 106,625 | 128,011 | 158,543 | 127,018 | 121,063 |
| P/E ratio | 38.5 x | 81.8 x | 44.6 x | 54.2 x | 44.3 x | 41.1 x | 32.7 x |
| Yield | 0.52% | 0.19% | 0.05% | 0.4% | 0.71% | 0.88% | 1.09% |
| Capitalization / Revenue | 8.77 x | 35.1 x | 17.5 x | 15.6 x | 13.2 x | 11.2 x | 9.35 x |
| EV / Revenue | 7.47 x | 31.7 x | 14.2 x | 13 x | 13.2 x | 9.03 x | 7.19 x |
| EV / EBITDA | 28.3 x | 64.8 x | 34.6 x | 47.8 x | 47.8 x | 31.4 x | 23.8 x |
| EV / FCF | 18.7 x | 65.9 x | 26.8 x | 27.9 x | 27 x | 26 x | 20.2 x |
| FCF Yield | 5.36% | 1.52% | 3.73% | 3.58% | 3.71% | 3.85% | 4.96% |
| Price to Book | 20.3 x | 14.6 x | 7.06 x | 7.47 x | 8.12 x | 8.04 x | 6.77 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 | 2,626 | 2,626 | 2,626 |
| Announcement Date | 5/12/20 | 4/29/21 | 4/28/22 | 4/28/23 | 4/30/24 | - | - |
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 | 11,968 | 14,070 | 16,838 |
| EBITDA 1 | 1,689 | 3,282 | 3,078 | 2,679 | 3,314 | 4,042 | 5,078 |
| EBIT 1 | 1,478 | 3,121 | 2,959 | 2,368 | 2,949 | 3,670 | 4,658 |
| Operating Margin | 23.13% | 46.61% | 39.27% | 24.03% | 24.64% | 26.09% | 27.67% |
| Earnings before Tax (EBT) 1 | 2,115 | 3,893 | 4,027 | 4,092 | 4,544 | 5,315 | 6,667 |
| Net income 1 | 1,474 | 2,798 | 2,976 | 2,838 | 3,340 | 3,845 | 4,835 |
| Net margin | 23.07% | 41.79% | 39.5% | 28.8% | 27.91% | 27.33% | 28.71% |
| EPS 2 | 25.12 | 47.29 | 48.42 | 46.32 | 59.70 | 63.85 | 80.27 |
| Free Cash Flow 1 | 2,559 | 3,225 | 3,979 | 4,587 | 4,937 | 4,892 | 6,002 |
| FCF margin | 40.05% | 48.16% | 52.81% | 46.55% | 41.12% | 34.77% | 35.65% |
| FCF Conversion (EBITDA) | 151.51% | 98.26% | 129.27% | 171.22% | 150.97% | 121.03% | 118.2% |
| FCF Conversion (Net income) | 173.61% | 115.26% | 133.7% | 161.63% | 155.21% | 127.24% | 124.15% |
| Dividend per Share 2 | 5.000 | 7.500 | 1.000 | 10.00 | 18.73 | 23.08 | 28.57 |
| Announcement Date | 5/12/20 | 4/29/21 | 4/28/22 | 4/28/23 | 4/30/24 | - | - |
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 | 3,147 | 3,211 | 3,318 | 3,468 | 3,621 |
| EBITDA 1 | 832 | 788 | 572 | 642 | 672 | 702 | 661 | 773 | 800 | 857 | 884 | 886 | 938.5 | 1,040 | 1,092 |
| EBIT 1 | 804 | 758 | 543 | 579 | 596 | 616 | 575 | 699 | 720 | 773 | 757 | 783 | 831 | 928.5 | 978.5 |
| Operating Margin | 44.08% | 40.3% | 26.96% | 25.78% | 24.77% | 24.5% | 21.39% | 24.78% | 24.43% | 25.32% | 24.05% | 24.38% | 25.04% | 26.77% | 27.02% |
| Earnings before Tax (EBT) 1 | 1,086 | 933 | 825 | 577 | 1,036 | 1,616 | 861 | 1,230 | 933 | 1,168 | 1,391 | 1,146 | 1,207 | 1,344 | 1,434 |
| Net income 1 | 822 | 702 | 574 | 467 | 684 | 1,128 | 558 | 831 | 694 | 819 | 923 | 841.7 | 874 | 954 | 999 |
| Net margin | 45.07% | 37.32% | 28.5% | 20.79% | 28.43% | 44.87% | 20.76% | 29.46% | 23.55% | 26.83% | 29.33% | 26.21% | 26.34% | 27.51% | 27.59% |
| EPS 2 | 13.36 | 11.42 | 9.335 | 7.600 | 11.18 | 18.45 | 9.140 | 13.57 | 11.34 | 13.63 | 15.37 | 13.90 | 14.40 | 15.75 | 16.50 |
| Dividend per Share | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 10/21/21 | 1/24/22 | 4/28/22 | 7/21/22 | 10/20/22 | 1/19/23 | 4/28/23 | 7/20/23 | 10/27/23 | 1/18/24 | 4/30/24 | - | - | - | - |
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 | 30,371 | 36,326 |
| Leverage (Debt/EBITDA) | - | - | - | - | - | - | - |
| Free Cash Flow 1 | 2,559 | 3,225 | 3,979 | 4,587 | 4,937 | 4,893 | 6,003 |
| ROE (net income / shareholders' equity) | 67.8% | 29.7% | 17.1% | 14.4% | 15.9% | 20.6% | 22% |
| ROA (Net income/ Total Assets) | - | - | - | - | 9% | 10.5% | 11.5% |
| Assets 1 | - | - | - | - | 35,344 | 36,621 | 42,227 |
| Book Value Per Share 2 | 47.60 | 266.0 | 306.0 | 336.0 | 324.0 | 327.0 | 388.0 |
| Cash Flow per Share | - | - | - | - | - | - | - |
| Capex 1 | 46 | - | 44 | 172 | 270 | 314 | 359 |
| Capex / Sales | 0.72% | - | 0.58% | 1.75% | 2.25% | 2.23% | 2.13% |
| Announcement Date | 5/12/20 | 4/29/21 | 4/28/22 | 4/28/23 | 4/30/24 | - | - |
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
20
Last Close Price
2,626
INR
Average target price
2,956
INR
Spread / Average Target
+12.57%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| -3.49% | 1.88B | |
| -5.21% | 193B | |
| +48.84% | 96.69B | |
| +7.15% | 85.37B | |
| -25.51% | 74.78B | |
| +11.02% | 52.3B | |
| +19.44% | 26.39B | |
| +26.13% | 11.21B | |
| -7.66% | 8.89B | |
| -24.78% | 4.98B |
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- INDIAMART Stock
- Financials IndiaMART InterMESH Limited
