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Last Updated on: 27 February, 2024|Author: Getaka | Social: X Twitter Profile

Fundamental Analysis of Indiamart Intermesh Ltd

About the Company -Indiamart Intermesh Ltd

IndiaMART InterMESH Ltd. is a Public Limited Listed company incorporated on 13/09/1999 and has its registered office in the State of Delhi, India. Company’s Corporate Identification Number(CIN) is L74899DL1999PLC101534 and registration number is 101534. Currently Company is involved in the business activities of Data processing, hosting and related activities. Company’s Total Operating Revenue is Rs. 750.77 Cr. and Equity Capital is Rs. 30.55 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
E-Commerce - Electronics/Food/Others1st Floor, 29-Daryagang, New Delhi Delhi 110002cs@indiamart.com
http://www.indiamart.com
Management
NamePosition Held
Mr. Dinesh Chandra AgarwalManaging Director & CEO
Mr. Brijesh Kumar AgrawalWhole Time Director
Mr. Dhruv PrakashNon Exe.Non Ind.Director
Mr. Rajesh SawhneyInd. Non-Executive Director
Mrs. Elizabeth Lucy ChapmanInd. Non-Executive Director
Mr. Vivek Narayan GourInd. Non-Executive Director

IndiaMART InterMESH Ltd. Share Price Update

Share PriceValue
Today₹2,643.65
Previous Day₹2,743.95

Basic Stock Data of Indiamart Intermesh Ltd

Market Cap 16,406 Cr.
Current Price 2,679
High / Low3,336/2,284
Stock P/E48.2
Book Value 257
Dividend Yield0.37 %
ROCE17.5 %
ROE13.9 %
Face Value 10.0

Data Source: screener.in

Indiamart Intermesh Ltd Quarterly Results

MonthSep 2020Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
Sales162173179181182187201213229240256268281
Expenses7984939197108142154164170189192200
Operating Profit83898690848058606570677681
OPM %51%51%48%50%46%43%29%28%28%29%26%28%29%
Other Income2124630312225-33747265432
Interest2221111111111
Depreciation4443333456645
Profit before tax98108881151129779529611086124107
Tax %24%24%38%21%24%24%24%7%23%26%22%23%22%
Net Profit74825491857460497482689583
EPS in Rs12.8014.008.9314.9213.9312.169.777.9912.1213.3311.0315.5613.54

Indiamart Intermesh Ltd Quarterly Chart

Indiamart Intermesh Ltd Profit & Loss

MonthMar 2011Mar 2012Mar 2013Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales691161261732463094044976246657519391,096
Expenses137172133212293331595483451332439677786
Operating Profit-68-55-7-39-47-23-19114173333312262310
OPM %-98%-48%-5%-22%-19%-7%-47%3%28%50%42%28%28%
Other Income571238147366285108108151
Interest0000100037554
Depreciation343334342116121920
Profit before tax-66-53-9-19-43-13-18746210396403345436
Tax %-12%0%-0%0%-1%0%61%73%30%28%23%21%
Net Profit-74-53-9-19-43-13-7213146287310272337
EPS in Rs-40.58-28.71-4.81-10.37-23.58-7.16-36.222.2025.3047.2350.7144.4855.09
Dividend Payout %0%0%0%0%0%0%0%0%20%16%2%22%

Indiamart Intermesh Ltd Profit & Loss Yearly Chart

Indiamart Intermesh Ltd Growth

Compounded Sales Growth
10 Years:22%
5 Years:18%
3 Years:15%
TTM:24%
Compounded Profit Growth
10 Years:41%
5 Years:42%
3 Years:22%
TTM:29%
Stock Price CAGR
10 Years:%
5 Years:%
3 Years:-16%
1 Year:14%
Return on Equity
10 Years:%
5 Years:%
3 Years:19%
Last Year:14%

Indiamart Intermesh Ltd Balance Sheet

MonthMar 2011Mar 2012Mar 2013Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital99999910292930313160
Reserves-53-104-113-139-67-262-3221322461,5861,8622,0341,516
Preference Capital49494949660000000
Borrowings200000007763564648
Other Liabilities1411501582373186098626587688351,0171,2501,307
Total Liabilities9955551072603565508191,1192,5162,9653,3612,931
Fixed Assets14131069126898565565354
CWIP0000000000000
Investments642729682111563226149062,2672,7453,2242,816
Other Assets2115153340742191961271841638360
Total Assets9955551072603565508191,1192,5162,9653,3612,931

Indiamart Intermesh Ltd Reserves and Borrowings Chart

Indiamart Intermesh Ltd Cash Flow

MonthMar 2011Mar 2012Mar 2013Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity -13-382141559183259264326407464
Cash from Investing Activity 1540-2-11-146-60-170-282-236-1,343-339-316
Cash from Financing Activity -0-30-013371514-511,038-58-143
Net Cash Flow10032628-9-2322105

Indiamart Intermesh Ltd Financial Efficiency Indicators

MonthMar 2011Mar 2012Mar 2013Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days332111001111
Inventory Days
Days Payable
Cash Conversion Cycle332111001111
Working Capital Days-407-247-226-263-237-250-265-283-264-242-285-308
ROCE %-153%86%40%22%17%

Indiamart Intermesh Ltd Financial Efficiency Indicators Chart

Indiamart Intermesh Ltd Share Holding Pattern

MonthMar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Promoters49.85%49.82%49.52%49.52%49.52%49.22%49.22%49.22%49.22%49.22%49.21%49.21%
FIIs27.53%26.68%27.91%26.53%23.93%23.59%25.00%25.38%26.60%26.76%27.33%24.16%
DIIs4.52%4.71%4.68%5.34%5.46%4.96%5.24%5.81%5.62%5.62%5.46%8.23%
Public17.94%18.64%17.16%18.57%21.05%21.50%20.33%19.46%18.45%18.27%17.87%18.30%
Others0.16%0.16%0.72%0.04%0.04%0.72%0.21%0.15%0.12%0.12%0.11%0.08%
No. of Shareholders94,6781,52,8741,34,1821,59,6172,10,1732,41,4092,14,6401,95,2491,77,6541,65,6271,71,4701,71,361

Indiamart Intermesh Ltd Shareholding Pattern Chart

No. of Indiamart Intermesh Ltd Shareholders

Indiamart Intermesh Ltd Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)
UTI Flexi Cap Fund11107351.21294.3
SBI Technology Opportunities Fund2840332.3675.26
ICICI Prudential Technology Fund1834690.4548.61
Franklin India Technology Fund1206673.3231.97
PGIM India Small Cap Fund993671.5926.33
UTI Unit Linked Insurance Plan (ULIP) - Ten Year Plan975650.525.85
Invesco India Smallcap Fund954290.8825.28
Aditya Birla Sun Life Digital India Fund925550.6224.52
Franklin India Opportunities Fund771881.3720.45
Invesco India ELSS Tax Saver Fund672850.8317.83

Indiamart Intermesh Ltd ROCE Trend

Indiamart Intermesh Ltd EPS Trend

Indiamart Intermesh Ltd Key Financial Ratios

MonthMar 23Mar 22Mar 21Mar 20Mar 19
FaceValue10.0010.0010.0010.0010.00
Basic EPS (Rs.)92.9697.8296.1551.147.75
Diluted EPS (Rs.)92.6396.8494.5850.247.61
Cash EPS (Rs.)115.38105.3398.4658.938.45
Book Value[Excl.RevalReserv]/Share (Rs.)673.17613.38531.3695.2555.92
Book Value[Incl.RevalReserv]/Share (Rs.)673.17613.38531.3695.2555.92
Revenue From Operations / Share (Rs.)322.25246.62220.86221.23177.47
PBDIT / Share (Rs.)146.64137.48136.8182.2420.30
PBIT / Share (Rs.)136.48133.57131.5174.9218.86
PBT / Share (Rs.)133.81131.80129.3173.7818.86
Net Profit / Share (Rs.)105.21101.4293.1651.617.01
NP After MI And SOA / Share (Rs.)92.8297.4192.2851.047.01
PBDIT Margin (%)45.5055.7461.9437.1711.44
PBIT Margin (%)42.3554.1659.5433.8610.62
PBT Margin (%)41.5253.4458.5433.3510.62
Net Profit Margin (%)32.6441.1242.1823.323.95
NP After MI And SOA Margin (%)28.8039.4941.7823.063.95
Return on Networth / Equity (%)13.7815.8817.3653.5812.53
Return on Capital Employeed (%)16.1217.8120.2334.2013.49
Return On Assets (%)8.2310.0911.1313.122.44
Asset Turnover Ratio (%)0.290.270.360.640.73
Current Ratio (X)2.763.714.411.881.71
Quick Ratio (X)2.763.714.411.881.71
Dividend Payout Ratio (NP) (%)2.1515.290.0019.590.00
Dividend Payout Ratio (CP) (%)1.9314.700.0017.130.00
Earning Retention Ratio (%)97.8584.710.0080.410.00
Cash Earning Retention Ratio (%)98.0785.300.0082.870.00
Interest Coverage Ratio (X)55.0177.7662.2572.340.00
Interest Coverage Ratio (Post Tax) (X)40.4758.3643.3946.390.00
Enterprise Value (Cr.)15317.3013131.8523364.275566.430.00
EV / Net Operating Revenue (X)15.5417.4334.898.710.00
EV / EBITDA (X)34.1631.2656.3323.440.00
MarketCap / Net Operating Revenue (X)15.6017.5335.018.750.00
Retention Ratios (%)97.8484.700.0080.400.00
Price / BV (X)7.477.0514.5520.320.00
Price / Net Operating Revenue (X)15.6017.5335.018.750.00
EarningsYield0.010.020.010.020.00

Indiamart Intermesh Ltd Profitability Ratios (%)

Indiamart Intermesh Ltd Liquidity Ratios

Indiamart Intermesh Ltd Liquidity Ratios (%)

Indiamart Intermesh Ltd Interest Coverage Ratios (%)

Indiamart Intermesh Ltd Valuation Ratios

Fair Value of Indiamart Intermesh Ltd Stock

Fair Value: ₹1728.22

The stock is overvalued by 35.49% compared to the current price ₹2679

*Investments are subject to market risks

Strength and Weakness of Indiamart Intermesh Ltd Stock

StrengthWeakness
  1. The stock has a low average Working Capital Days of -273.08, which is a positive sign.
  2. The company has higher reserves (485.85 cr) compared to borrowings (20.15 cr), indicating strong financial stability.
  3. The company has shown consistent growth in sales (378.46 cr) and profit (111.23 cr) over the years.
  1. The stock is trading at a high valuation with an average P/B ratio of 99.07 and average Dividend Yield of 40.11%.
  2. The stock has a low average ROCE of 1.00%, which may not be favorable.
  3. The stock has a high average Cash Conversion Cycle of 1.25, which may not be favorable.

About the Author

Author Avatar
Getaka

Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Indiamart Intermesh Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE