Retailing
Valuation | |
|---|---|
| Market Cap | 13.07 kCr |
| Price/Earnings (Trailing) | 21.57 |
| Price/Sales (Trailing) | 7 |
| EV/EBITDA | 14.91 |
| Price/Free Cashflow | 22.99 |
| MarketCap/EBT | 15.55 |
| Enterprise Value | 13.04 kCr |
Fundamentals | |
|---|---|
Growth & Returns | |
|---|---|
| Price Change 1W | -1.6% |
| Price Change 1M | -3.2% |
| Price Change 6M | -16.3% |
| Price Change 1Y | 4.8% |
| 3Y Cumulative Return | -0.50% |
| 5Y Cumulative Return | -11% |
Cash Flow & Liquidity | |
|---|---|
| Revenue (TTM) |
| 1.87 kCr |
| Rev. Growth (Yr) | 34.5% |
| Earnings (TTM) | 605.1 Cr |
| Earnings Growth (Yr) | 55.6% |
Profitability | |
|---|---|
| Operating Margin | 45% |
| EBT Margin | 45% |
| Return on Equity | 28.31% |
| Return on Assets | 14.66% |
| Free Cashflow Yield | 4.35% |
| Cash Flow from Investing (TTM) |
| -486.3 Cr |
| Cash Flow from Operations (TTM) | 623.2 Cr |
| Cash Flow from Financing (TTM) | -148.2 Cr |
| Cash & Equivalents | 27.9 Cr |
| Free Cash Flow (TTM) | 615.3 Cr |
| Free Cash Flow/Share (TTM) | 102.5 |
Balance Sheet | |
|---|---|
| Total Assets | 4.13 kCr |
| Total Liabilities | 1.99 kCr |
| Shareholder Equity | 2.14 kCr |
| Current Assets | 2.8 kCr |
| Current Liabilities | 1.22 kCr |
| Net PPE | 27.6 Cr |
| Inventory | 0.00 |
| Goodwill | 454.3 Cr |
Capital Structure & Leverage | |
|---|---|
| Debt Ratio | 0.00 |
| Debt/Equity | 0.00 |
| Interest Coverage | 204.07 |
| Interest/Cashflow Ops | 98.38 |
Dividend & Shareholder Returns | |
|---|---|
| Dividend/Share (TTM) | 50 |
| Dividend Yield | 2.25% |
| Shares Dilution (1Y) | 0.10% |
| Shares Dilution (3Y) | -1.9% |
Size: Market Cap wise it is among the top 20% companies of india.
Dividend: Dividend paying stock. Dividend yield of 2.25%.
Buy Backs: Company has bought back it's stock in the past which is a good thing.
Profitability: Very strong Profitability. One year profit margin are 32%.
Growth: Good revenue growth. With 70.1% growth over past three years, the company is going strong.
Balance Sheet: Strong Balance Sheet.
Technicals: SharesGuru indicator is Bearish.
Past Returns: Underperforming stock! In past three years, the stock has provided -0.5% return compared to 12.9% by NIFTY 50.
Momentum: Stock is suffering a negative price momentum. Stock is down -3.2% in last 30 days.
Insider Trading: Significant insider selling noticed recently.
Smart Money: Smart money is losing interest in the stock.
Size: Market Cap wise it is among the top 20% companies of india.
Dividend: Dividend paying stock. Dividend yield of 2.25%.
Buy Backs: Company has bought back it's stock in the past which is a good thing.
Profitability: Very strong Profitability. One year profit margin are 32%.
Growth: Good revenue growth. With 70.1% growth over past three years, the company is going strong.
Balance Sheet: Strong Balance Sheet.
Technicals: SharesGuru indicator is Bearish.
Past Returns: Underperforming stock! In past three years, the stock has provided -0.5% return compared to 12.9% by NIFTY 50.
Momentum: Stock is suffering a negative price momentum. Stock is down -3.2% in last 30 days.
Insider Trading: Significant insider selling noticed recently.
Smart Money: Smart money is losing interest in the stock.
Investor Care | |
|---|---|
| Dividend Yield | 2.25% |
| Dividend/Share (TTM) | 50 |
| Shares Dilution (1Y) | 0.10% |
| Earnings/Share (TTM) | 100.87 |
Financial Health | |
|---|---|
| Current Ratio | 2.3 |
| Debt/Equity | 0.00 |
Technical Indicators | |
|---|---|
| RSI (14d) | 50.69 |
| RSI (5d) | 0.00 |
| RSI (21d) | 45.12 |
| MACD Signal | Buy |
| Stochastic Oscillator Signal | Hold |
| SharesGuru Signal | Sell |
| RSI Signal | Hold |
| RSI5 Signal | Buy |
| RSI21 Signal | Hold |
| SMA 5 Signal | Sell |
| SMA 10 Signal |
Summary of IndiaMART InterMESH's latest earnings call, featuring management's outlook on business performance, financial results, and analyst Q&A sessions that highlight key strategic initiatives and market challenges.
In the Q4 FY2025 earnings webinar, IndiaMART's management provided a cautiously optimistic outlook. The consolidated revenue from operations stood at Rs. 355 crores for Q4 and Rs. 1,388 crores for FY2025, marking a 13% and 16% year-on-year growth, respectively. Collections from customers grew to Rs. 541 crores in Q4 (12% growth) and Rs. 1,626 crores for the full year (10% growth).
Management highlighted a focus on enhancing lead quality, aiming to reduce churn among silver customers. Notably, the churn rate for platinum and gold subscribers is around 1%, while silver monthly churn is at 6-7% and annual churn at 3-4%. There was a net addition of 2,139 suppliers in Q4, raising the total to 217,000, although net additions have been steady around 2,000 for several quarters.
Key forward-looking points included:
Looking ahead, management recognized the complexity of market conditions but maintained a belief in returning to growth, with expectations set for gradual improvement in both customer additions and revenue.
Understand IndiaMART InterMESH ownership landscape with insights into key distribution patterns, offering investors a clear view of stakeholder dynamics.
| Shareholder Name | Holding % |
|---|---|
| Dinesh Chandra Agarwal | 28.01% |
| Brijesh Kumar Agrawal | 18.98% |
| ICICI Prudential Technology Fund | 5.84% |
| UTI-Flexi Cap Fund | 3.69% |
| SBI Small Cap Fund | 2.95% |
| Smallcap World Fund, Inc | 1.78% |
| Pictet - Indian Equities | 1.64% |
Detailed comparison of IndiaMART InterMESH against industry peers, highlighting key financial metrics, valuation ratios, and performance indicators to provide competitive context within the sector.
Ticker | Name | Mkt Cap | Revenue | Price %, 1M | Returns, 1Y | P/E | P/S | Rev 1-Yr | Inc 1-Yr |
|---|---|---|---|---|---|---|---|---|---|
| NAUKRI | Info Edge(India) | 82.24 kCr | 4.15 kCr | -5.00% | -14.80% | 86.62 | 19.81 | - | - |
| AFFLE | AFFLE 3I | 21.59 kCr | 2.55 kCr |
Comprehensive comparison against sector averages
INDIAMART metrics compared to Retailing
| Category | INDIAMART | Retailing |
|---|---|---|
| PE | 21.57 | 531.51 |
| PS | 7.00 | 3.91 |
| Growth | 17.5 % | 22.5 % |
IndiaMART InterMESH Limited operates an online business-to-business marketplace for business products and services in India and internationally. The company's e-marketplace acts as an interactive hub for domestic and international buyers and suppliers. Its platform serves small and medium enterprises, large enterprises, and individuals. IndiaMART InterMESH Limited was incorporated in 1999 and is based in Noida, India.
This is an informational page just to provide a quick 'first look' at the stock. You must do your own deeper research. Know your risk appetite. Consult a SEBI-registered financial advisor before making any investment decisions.
| Sell |
| SMA 20 Signal | Sell |
| SMA 50 Signal | Sell |
| SMA 100 Signal | Sell |
INDIAMART vs Retailing (2021 - 2026)
Question: "What steps have you taken to reduce customer churn and when can we expect improvements in net customer additions and revenue?" Answer: We identified that focusing solely on service levels didn't yield results. We've made substantial product improvements, such as refining buyer-supplier introductions and improving enquiry quality. Currently, around 80% of our RFQs are well-defined. We haven't resolved churn within our silver segment yet, and this will take more time"”likely a few quarters. We are seeing a gradual improvement in renewal rates among gold and platinum customers and have increased repeat buyer rates to 57.5%.
Question: "What is your outlook on margins given the recent customer additions?" Answer: Our margins are currently around 40%, and we're guiding for a normalized margin of around 33-35% once we ramp up customer additions. If we can address churn and scale gross additions, we do anticipate margins will shift towards that sustainable range over the upcoming quarters.
Question: "Have you noticed an improvement in conversion rates with the reduced unique business enquiries?" Answer: Anecdotal feedback suggests improvement, as suppliers are experiencing more meaningful engagements, although they miss the quantity. Our indicators point towards satisfaction in renewal rates. We'll continue monitoring these developments closely but ensure we maintain the quality of enquiries over sheer volume.
Question: "What adjustments are you considering regarding advertising to boost traffic and site visits?" Answer: We're piloting multiple advertising strategies, including online and affiliate marketing. While these won't impact this quarter's results significantly, we're optimistic that if any of these yield positive unit economics, we will scale up efforts.
Question: "Can you provide insights on churn rates among different supplier categories?" Answer: Our monthly churn rates stand at approximately 1% for gold and platinum customers and around 6-7% for silver monthly customers. The churn among silver annual customers is between 3-4%. We continue to work on reducing these rates as we focus on product-market fit.
Question: "Are you considering acquisitions or returning capital to shareholders?" Answer: We have a prudent capital allocation strategy, maintaining about Rs. 1,100 crores for investments or returns. This year, the Board has approved dividends of Rs. 50 per share, a continuation of our policy to distribute cash to shareholders while ensuring we have reserves for future investments.
| Madhup Agrawal | 1.32% |
| Chetna Agarwal | 0.5% |
| Pankaj Agarwal | 0.49% |
| Meena Agrawal | 0.23% |
| Anand Kumar Agrawal | 0.23% |
| Dinesh Chandra Agarwal HUF | 0.19% |
| Prakash Chandra Agrawal | 0.19% |
| Naresh Chandra Agrawal | 0.13% |
| Gunjan Agarwal | 0.06% |
| Naresh Chandra Agrawal HUF | 0.03% |
| Vijay Jalan | 0.03% |
| Anand Kumar Agrawal HUF | 0.02% |
| Prakash Chandra Agrawal HUF | 0.02% |
Distribution across major stakeholders
Distribution across major institutional holders
| -13.40% |
| +2.20% |
| 51.33 |
| 8.46 |
| - |
| - |
| JUSTDIAL | Just Dial | 5.55 kCr | 1.59 kCr | -8.90% | -25.10% | 9.65 | 3.49 | - | - |
| INFIBEAM | INFIBEAM AVENUES | 5.48 kCr | 5.57 kCr | -2.80% | -30.10% | 18 | 0.98 | - | - |
| MATRIMONY | Matrimony.com | 1.21 kCr | 480.48 Cr | +6.00% | -8.20% | 35.47 | 2.52 | - | - |
| 99.2% |
| 262 |
| 132 |
| 218 |
| 229 |
| 173 |
| 190 |
| Current tax | 7.7% | 43 | 40 | 39 | 40 | 40 | 46 |
| Deferred tax | 380% | 15 | -4 | 12 | -2.2 | -1.8 | -3.5 |
| Total tax | 65.7% | 59 | 36 | 50 | 38 | 38 | 42 |
| Total profit (loss) for period | 128% | 188 | 83 | 154 | 181 | 121 | 135 |
| Other comp. income net of taxes | 950% | 2.7 | 0.8 | -2.2 | -0.4 | -0.9 | -0.6 |
| Total Comprehensive Income | 128.9% | 191 | 84 | 151 | 180 | 120 | 134 |
| Earnings Per Share, Basic | 137.8% | 31.37 | 13.77 | 25.59 | 30.14 | 20.18 | 22.54 |
| Earnings Per Share, Diluted | 137.9% | 31.24 | 13.71 | 25.52 | 30.06 | 20.13 | 22.48 |
| -20.8% |
| 20 |
| 25 |
| 19 |
| 12 |
| 16 |
| 21 |
| Other expenses | -14.8% | 254 | 298 | 278 | 176 | 133 | 196 |
| Total Expenses | -0.4% | 831 | 834 | 701 | 456 | 354 | 475 |
| Profit Before exceptional items and Tax | 62.9% | 773 | 475 | 351 | 403 | 396 | 217 |
| Exceptional items before tax | - | 0 | 0 | -5.3 | 0 | 0 | -6.9 |
| Total profit before tax | 62.9% | 773 | 475 | 345 | 403 | 396 | 210 |
| Current tax | 61.3% | 151 | 94 | 92 | 98 | 64 | -0.3 |
| Deferred tax | -17.6% | 15 | 18 | -18.9 | -5.2 | 46 | 64 |
| Total tax | 48.6% | 166 | 112 | 73 | 93 | 109 | 64 |
| Total profit (loss) for period | 67.9% | 607 | 362 | 272 | 310 | 287 | 146 |
| Other comp. income net of taxes | 18.7% | -0.3 | -0.6 | 4 | 0.5 | -1.8 | -5.4 |
| Total Comprehensive Income | 67.9% | 607 | 362 | 276 | 310 | 285 | 141 |
| Earnings Per Share, Basic | 70.4% | 101.26 | 59.84 | 44.57 | 50.915 | 49.265 | 25.365 |
| Earnings Per Share, Diluted | 70.3% | 100.99 | 59.7 | 44.42 | 50.405 | 48.46 | 24.92 |
| - |
| 0 |
| 0 |
| 0 |
| 0.5 |
| 0.2 |
| 0.2 |
| Non-current investments | 4.6% | 1,352 | 1,293 | 1,180 | 1,095 | 1,086 | 1,072 |
| Loans, non-current | 7988.9% | 72 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 |
| Total non-current financial assets | 12.5% | 1,458 | 1,296 | 1,184 | 1,099 | 1,090 | 1,076 |
| Total non-current assets | 11.8% | 1,492 | 1,335 | 1,232 | 1,152 | 1,150 | 1,138 |
| Total assets | 0% | 4,088 | 4,090 | 3,537 | 3,367 | 2,931 | 3,361 |
| Total non-current financial liabilities | -22.7% | 18 | 23 | 26 | 34 | 38 | 39 |
| Provisions, non-current | 18.9% | 45 | 38 | 31 | 25 | 18 | 18 |
| Total non-current liabilities | 6% | 720 | 679 | 610 | 576 | 517 | 473 |
| Total current financial liabilities | 0% | 61 | 61 | 66 | 73 | 57 | 59 |
| Provisions, current | 44.7% | 12 | 8.6 | 9.1 | 7.8 | 7.8 | 6.6 |
| Current tax liabilities | 275% | 19 | 5.8 | 16 | 5.1 | 0 | 3.6 |
| Total current liabilities | -0.8% | 1,126 | 1,135 | 1,014 | 1,020 | 837 | 824 |
| Total liabilities | 1.8% | 1,846 | 1,814 | 1,624 | 1,596 | 1,354 | 1,296 |
| Equity share capital | 0% | 60 | 60 | 60 | 60 | 60 | 31 |
| Total equity | -1.5% | 2,242 | 2,276 | 1,914 | 1,770 | 1,576 | 2,064 |
| Total equity and liabilities | 0% | 4,088 | 4,090 | 3,537 | 3,367 | 2,931 | 3,361 |
| 65.6% |
| 150 |
| 91 |
| 72 |
| 97 |
| - |
| - |
| Net Cashflows From Operating Activities | 12.7% | 614 | 545 | 464 | 407 | - | - |
| Cashflows used in obtaining control of subsidiaries | - | 0 | 0 | 618 | 399 | - | - |
| Proceeds from sales of PPE | 28.6% | 0.5 | 0.3 | 0.4 | 0.2 | - | - |
| Purchase of property, plant and equipment | -92.3% | 2 | 14 | 16 | 2 | - | - |
| Dividends received | -25% | 31 | 41 | 1 | 0.3 | - | - |
| Interest received | - | 59 | 0 | 51 | 17 | - | - |
| Other inflows (outflows) of cash | -339.5% | -418.1 | 176 | 267 | 47 | - | - |
| Net Cashflows From Investing Activities | -373.7% | -491.6 | 181 | -315.6 | -339 | - | - |
| Payments to acquire or redeem entity's shares | -100.2% | 0 | 620 | 125 | 0 | - | - |
| Proceeds from exercise of stock options | - | 0 | 0 | 0.2 | 0.5 | - | - |
| Payments of lease liabilities | 7.7% | 15 | 14 | 0 | 7.1 | - | - |
| Dividends paid | 98.3% | 120 | 61 | 6.1 | 46 | - | - |
| Interest paid | - | 0 | 0 | 0 | 5.4 | - | - |
| Net Cashflows from Financing Activities | 80.5% | -134.8 | -694.9 | -143.2 | -57.5 | - | - |
| Net change in cash and cash eq. | -145% | -12.5 | 31 | 4.8 | 10 | - | - |
Analysis of IndiaMART InterMESH's financial performance, highlighting revenue trends, growth patterns, and key metrics through quarterly analysis.
Last Updated: Dec 31, 2025
| Description | Share | Value |
|---|---|---|
| Web and related services | 91.7% | 368.1 Cr |
| Accounting Software services | 8.3% | 33.5 Cr |
| Total | 401.6 Cr |