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Indiamart Intermesh Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹1,788.34Overvalued by 14.60%vs CMP ₹2,094.00

P/E (23.9) × ROE (21.8%) × BV (₹423.00) × DY (1.43%)

₹1,282.33Overvalued by 38.76%vs CMP ₹2,094.00
MoS: -63.3% (Negative)Confidence: 58/100 (Moderate)Models: 1 Under, 1 Fair, 7 Over
ModelCategoryValueWeightSignal
PE-ROEEarnings₹2,104.3123%Fair (+0.5%)
Graham NumberEarnings₹1,043.4117%Over (-50.2%)
Earnings PowerEarnings₹534.4611%Over (-74.5%)
DCFCash Flow₹2,568.3511%Under (+22.7%)
Net Asset ValueAssets₹373.997%Over (-82.1%)
EV/EBITDAEnterprise₹1,064.279%Over (-49.2%)
Earnings YieldEarnings₹1,143.907%Over (-45.4%)
ROCE CapitalReturns₹638.379%Over (-69.5%)
Revenue MultipleRevenue₹330.296%Over (-84.2%)
Consensus (9 models)₹1,282.33100%Overvalued
Key Drivers: Wide model spread (₹330–₹2,568) — high uncertainty.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: 17.7%

*Investments are subject to market risks

Analyst Summary

Indiamart Intermesh Ltd operates in the Internet & Catalogue Retail segment, current market price is ₹2,094.00, market cap is 12,553 Cr.. At a glance, stock P/E is 23.9, ROE is 21.8 %, ROCE is 28.6 %, book value is 423, dividend yield is 1.43 %. The latest intrinsic value estimate is ₹1,282.33, around 38.8% below the current price, so expectations may already be running ahead of this modelled fair value. On operating trend, latest reported sales are about ₹1,320 Cr versus the prior period change of 15.9%, while latest net profit is about ₹607 Cr with a prior-period change of 67.7%. The 52-week range shown on this page is 2,799/1,925, which helps frame where the current quote sits within its recent trading band. Business context: About the Company - Qualitative AnalysisIndiaMART 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 L74…

This summary is generated from the stock page data available for Indiamart Intermesh Ltd: Intrinsic Value & Share Price Analysis and is refreshed automatically when the underlying metrics change.

Investment Snapshot

72
Indiamart Intermesh Ltd scores 72/100 (Strong)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health88/100 · Strong
ROCE 28.6% ExcellentROE 21.8% ExcellentD/E 0.00 Low debtInterest Coverage 0.0x RiskyProfitable 5/5 years Consistent
Smart Money65/100 · Strong
FII holding stable No changeDII holding up 0.92% MF buyingPromoter holding at 49.1% Stable
Earnings Quality50/100 · Moderate
OPM stable around 34% Steady
Quarterly Momentum70/100 · Strong
Revenue (4Q): +10% YoY GrowingProfit (4Q): +47% YoY StrongOPM: 37.0% (down 6.0% YoY) Margin pressure
Industry Rank85/100 · Strong
P/E 23.9 vs industry 19.8 In-lineROCE 28.6% vs industry 20.4% Above peersROE 21.8% vs industry 16.5% Above peers3Y sales CAGR: 21% High growth

Weights: Health 30% · Earnings Quality 25% · Momentum 20% · Industry Rank 15% · Smart Money 10%. Scores are computed from reported financials and recalculated daily. Not investment advice.

Share Price and Basic Stock Data

Last Updated: May 5, 2026, 12:18 am

Market Cap 12,553 Cr.
Current Price 2,094
Intrinsic Value₹1,282.33
High / Low 2,799/1,925
Stock P/E23.9
Book Value 423
Dividend Yield1.43 %
ROCE28.6 %
ROE21.8 %
Face Value 10.0
PEG Ratio1.35

Stock P/E, Current Price, and Intrinsic Value Over Time

View Share Price Target for Indiamart Intermesh Ltd

Competitors

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
Indiamart Intermesh Ltd 12,553 Cr. 2,094 2,799/1,92523.9 4231.43 %28.6 %21.8 % 10.0
Just Dial Ltd 4,478 Cr. 526 965/4808.71 6000.00 %13.1 %10.6 % 10.0
Matrimony.com Ltd 870 Cr. 425 590/36326.7 1151.18 %19.4 %17.0 % 5.00
Industry Average5,967.00 Cr1,015.0019.77379.330.87%20.37%16.47%8.33

All Competitor Stocks of Indiamart Intermesh Ltd

Quarterly Result

MetricDec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales 240256268281291299315332337336346360368
Expenses 170189192200204209198212193203212245232
Operating Profit 706776818790117120144133135115136
OPM % 29%26%28%29%30%30%37%36%43%40%39%32%37%
Other Income 472654323945516223148848132
Interest 1111111111111
Depreciation 66455105555444
Profit before tax 11086124107119125162176161275215119264
Tax % 26%22%23%22%23%26%23%28%22%16%23%30%22%
Net Profit 82689583929212412712523116684206
EPS in Rs 13.3311.0315.5613.8215.2715.3920.6721.1720.8138.5327.6513.9134.30

Last Updated: February 5, 2026, 1:46 pm

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: February 24, 2026, 12:16 pm

MetricMar 2013Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales 1261732463094044976246657519391,1391,3201,410
Expenses 133212293331595483451332439677805807892
Operating Profit -7-39-47-23-19114173333312262334513518
OPM % -5%-22%-19%-7%-47%3%28%50%42%28%29%39%37%
Other Income 1238147366285108108170284373
Interest 0010003755443
Depreciation 33343421161219252116
Profit before tax -9-19-43-13-18746210396403345475773872
Tax % 0%0%1%0%-61%73%30%28%23%21%24%21%
Net Profit -9-19-43-13-7213146287310272362607687
EPS in Rs -4.81-10.37-23.58-7.16-36.222.2025.3047.2350.7144.4860.39101.15114.39
Dividend Payout % 0%0%0%0%0%0%20%16%2%22%33%49%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-20242024-2025
YoY Net Profit Growth (%)-126.32%69.77%-453.85%118.06%1023.08%96.58%8.01%-12.26%33.09%67.68%
Change in YoY Net Profit Growth (%)0.00%196.08%-523.61%571.90%905.02%-926.50%-88.56%-20.27%45.35%34.59%

Indiamart Intermesh Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 10 years from 2015-2016 to 2024-2025.

Growth

Compounded Sales Growth
10 Years:23%
5 Years:16%
3 Years:21%
TTM:14%
Compounded Profit Growth
10 Years:36%
5 Years:32%
3 Years:25%
TTM:66%
Stock Price CAGR
10 Years:%
5 Years:5%
3 Years:3%
1 Year:-15%
Return on Equity
10 Years:%
5 Years:21%
3 Years:21%
Last Year:30%

Last Updated: September 5, 2025, 7:05 am

Balance Sheet

Last Updated: December 4, 2025, 1:25 am

MonthMar 2013Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital 9999102929303131606060
Reserves -113-139-67-262-3221322461,5861,8622,0341,7102,2162,182
Borrowings 49496600077635646413328
Other Liabilities 1091882526098626587688351,0171,2501,5561,7801,818
Total Liabilities 551072603565508191,1192,5162,9653,3613,3674,0904,088
Fixed Assets 10691268985655653473327
CWIP 0000000000000
Investments 29682111563226149062,2672,7453,2243,1993,9443,904
Other Assets 1533407421919612718416383120112156
Total Assets 551072603565508191,1192,5162,9653,3613,3674,0904,088

Reserves and Borrowings Chart

Cash Flow

MonthMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity + 141559183259264326407464545614668
Cash from Investing Activity + -11-146-60-170-282-236-1,343-339-316181-492-347
Cash from Financing Activity + -013371514-511,038-58-143-695-135-313
Net Cash Flow 32628-9-232210531-128
Free Cash Flow 11956181254260327403448531612667
CFO/OP -30%-29%-262%-96%1,843%164%116%161%205%191%149%158%

Free Cash Flow

MonthMar 2013Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow-56.00-88.00-113.00-23.00-191.0014.0096.00270.00256.00216.00293.00480.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

No data available for the Financial Efficiency data table.

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Promoters 49.22%49.22%49.21%49.21%49.21%49.21%49.21%49.17%49.17%49.17%49.17%49.12%
FIIs 26.60%26.76%27.33%24.16%23.08%23.37%23.86%21.06%18.95%19.21%21.53%18.28%
DIIs 5.62%5.62%5.46%8.23%10.60%11.81%12.10%13.85%15.49%15.29%12.99%16.41%
Public 18.45%18.27%17.87%18.30%17.08%15.56%14.78%15.83%16.34%16.29%16.28%16.13%
Others 0.12%0.12%0.11%0.08%0.05%0.05%0.04%0.09%0.05%0.03%0.03%0.05%
No. of Shareholders 1,77,6541,65,6271,71,4701,71,3611,61,8231,59,8771,48,4351,68,3571,68,1381,69,9881,63,6871,57,986

Shareholding Pattern Chart

No. of Shareholders

Indiamart Intermesh Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
SBI Small Cap Fund 1,014,491 0.65 223.381,425,2812026-02-23 00:31:17-28.82%
ICICI Prudential Multi Asset Fund 972,251 0.27 214.08922,2512026-02-23 00:31:175.42%
ICICI Prudential Technology Fund 938,423 1.34 206.63695,9842025-12-15 02:49:3834.83%
UTI Flexi Cap Fund 760,336 0.71 167.421,110,7352025-12-08 05:00:15-31.55%
ICICI Prudential Large & Mid Cap Fund 555,452 0.45 122.31407,2242026-01-25 07:17:0836.4%
ICICI Prudential Innovation Fund - Direct Fund 541,798 1.57 119.3N/AN/AN/A
Bandhan Flexi Cap Fund 370,000 1.09 81.47359,4542026-02-23 00:31:172.93%
UTI Value Fund 319,238 0.71 70.29N/AN/AN/A
Nippon India Small Cap Fund 258,952 0.09 57.02N/AN/AN/A
ICICI Prudential Dividend Yield Equity Fund 236,360 0.82 52.04186,4132025-12-15 02:49:3826.79%

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 25Mar 24Mar 23Mar 22Mar 21
FaceValue 10.0010.0010.0010.0010.00
Basic EPS (Rs.) 91.8455.1892.9697.8296.15
Diluted EPS (Rs.) 91.5955.0492.6396.8494.58
Cash EPS (Rs.) 105.4468.53115.38105.3398.46
Book Value[Excl.RevalReserv]/Share (Rs.) 364.18289.60673.17613.38531.36
Book Value[Incl.RevalReserv]/Share (Rs.) 364.18289.60673.17613.38531.36
Revenue From Operations / Share (Rs.) 231.37199.63322.25246.62220.86
PBDIT / Share (Rs.) 132.5290.40146.64137.48136.81
PBIT / Share (Rs.) 127.0384.32136.48133.57131.51
PBT / Share (Rs.) 125.8082.53133.81131.80129.31
Net Profit / Share (Rs.) 99.9562.44105.21101.4293.16
NP After MI And SOA / Share (Rs.) 91.7855.7192.8297.4192.28
PBDIT Margin (%) 57.2745.2845.5055.7461.94
PBIT Margin (%) 54.9042.2342.3554.1659.54
PBT Margin (%) 54.3741.3441.5253.4458.54
Net Profit Margin (%) 43.1931.2732.6441.1242.18
NP After MI And SOA Margin (%) 39.6627.9028.8039.4941.78
Return on Networth / Equity (%) 25.2019.2313.7815.8817.36
Return on Capital Employeed (%) 26.1721.2316.1217.8120.23
Return On Assets (%) 13.329.688.2310.0911.13
Asset Turnover Ratio (%) 0.360.340.290.270.36
Current Ratio (X) 2.402.222.763.714.41
Quick Ratio (X) 2.402.222.763.714.41
Dividend Payout Ratio (NP) (%) 21.7718.312.1515.290.00
Dividend Payout Ratio (CP) (%) 20.5416.511.9314.700.00
Earning Retention Ratio (%) 78.2381.6997.8584.710.00
Cash Earning Retention Ratio (%) 79.4683.4998.0785.300.00
Interest Coverage Ratio (X) 107.3760.8155.0177.7662.25
Interest Coverage Ratio (Post Tax) (X) 81.9843.2040.4758.3643.39
Enterprise Value (Cr.) 12309.0515759.8115317.3013131.8523364.27
EV / Net Operating Revenue (X) 8.8713.1715.5417.4334.89
EV / EBITDA (X) 15.4829.0834.1631.2656.33
MarketCap / Net Operating Revenue (X) 8.9313.2515.6017.5335.01
Retention Ratios (%) 78.2281.6897.8484.700.00
Price / BV (X) 5.679.147.477.0514.55
Price / Net Operating Revenue (X) 8.9313.2515.6017.5335.01
EarningsYield 0.040.020.010.020.01

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

About the Company - Qualitative Analysis

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. 1442.80 Cr. and Equity Capital is Rs. 60.10 Cr. for the Year ended 31/03/2026.
INDUSTRYADDRESSCONTACT
Internet & Catalogue Retail1st Floor, 29-Daryagang, New Delhi Delhi 110002Contact not found
Management
NamePosition Held
Mr. Dinesh Chandra AgarwalManaging Director & CEO
Mr. Brijesh Kumar AgrawalWhole Time Director
Mr. Dhruv PrakashNon Executive Director
Mr. Vivek Narayan GourIndependent Director
Mr. Rajesh SawhneyIndependent Director
Ms. Pallavi Dinodia GuptaLead Independent Director
Mr. Manoj BhargavaWhole-time Dir., Group General Counsel & Co. Secre
Mr. Manish VijIndependent Director
Mr. Sandeep Kumar BarasiaIndependent Director

FAQ

What is the intrinsic value of Indiamart Intermesh Ltd and is it undervalued?

As of 05 May 2026, Indiamart Intermesh Ltd's intrinsic value is ₹1282.33, which is 38.76% lower than the current market price of ₹2,094.00, suggesting the stock is overvalued. This is calculated using the PE ratio method factoring in ROE (21.8 %), book value (₹423), dividend yield (1.43 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of Indiamart Intermesh Ltd?

Indiamart Intermesh Ltd is trading at ₹2,094.00 as of 05 May 2026, with a FY2026-2027 high of ₹2,799 and low of ₹1,925. The stock is currently near its 52-week low. Market cap stands at ₹12,553 Cr..

How does Indiamart Intermesh Ltd's P/E ratio compare to its industry?

Indiamart Intermesh Ltd has a P/E ratio of 23.9, which is above the industry average of 19.77. The premium over industry average may reflect growth expectations or speculative interest.

Is Indiamart Intermesh Ltd financially healthy?

Key indicators for Indiamart Intermesh Ltd: ROCE of 28.6 % indicates efficient capital utilization; ROE of 21.8 % shows strong shareholder returns. Dividend yield is 1.43 %.

Is Indiamart Intermesh Ltd profitable and how is the profit trend?

Indiamart Intermesh Ltd reported a net profit of ₹607 Cr in Mar 2025 on revenue of ₹1,320 Cr. Compared to ₹310 Cr in Mar 2022, the net profit shows an improving trend.

Does Indiamart Intermesh Ltd pay dividends?

Indiamart Intermesh Ltd has a dividend yield of 1.43 % at the current price of ₹2,094.00. The company pays dividends, though the yield is modest.

Last Updated: May 5, 2026, 12:18 am
Author: Getaka|Social: XLinkedIn
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
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