IndiaMART InterMESH Limited

IndiaMART InterMESH Limited

INDIAMART.NS
IndiaMART InterMESH LimitedIN flagNational Stock Exchange of India
1,996.00
INR
+16.00
- -
119.98BMarket Cap
IndiaMART InterMESH Limited
INDIAMART.NS
(National Stock Exchange of India)

Recent

price

1,996.00

P/E

ratio

- -

div

yld

- -

ROIC.AI

2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
TTM
FRC
30.68
44.3
86.64
107.19
98.07
110.84
115.05
123.83
161.36
197.74
231.54
261.35
196.24
Revenue per Share
-5.56
-20.2
-17.54
14.3
3.87
25.57
48.07
48.91
46.48
55.18
91.84
79.07
65.31
Basic EPS, GAAP
0.74
-10.93
-0.9
46.16
48.31
44.41
55.41
65.39
75.1
89.96
102.61
114.47
114.48
Free Cash Flow per Basic Share
- -
- -
- -
- -
- -
5.78
0.26
7.48
1
10.1
20
49.97
49.98
Dividend per Share
-28.03
-48.23
-112.01
-93.01
-61.51
-36.88
11.89
52.9
78.53
129.05
202.04
10.01
10.01
Book Value per Share
-25.09
-25.15
-106.68
-84.08
30.79
47.64
276.75
307.96
255.37
206.26
284.01
321.11
321.15
Tangible Book Value per Share
57
57
37
38
52
58
58
61
61
61
60
60
60
Basic Weighted Avg Shares
1,761
2,543
3,178
4,105
5,074
6,389
6,696
7,535
9,854
11,968
13,884
15,690
11,780
Sales/Revenue/Turnover
-24.59
-46.86
-18.58
10.66
15.43
23.13
46.98
39.37
24.08
24.65
35.29
31.97
32.51
Operating Margin (%)
30
37
46
29
41
211
161
119
311
365
329
284
284
Depreciation Expense
-319
-1,159
-643
548
200
1,474
2,798
2,976
2,838
3,340
5,507
4,747
3,921
Net Income, GAAP
- -
- -
- -
- -
62.83
30.29
28.14
23.77
23.55
26.5
21.98
26.73
25.93
Effective Tax Rate (%)
-18.11
-45.58
-20.25
13.34
3.95
23.07
41.78
39.5
28.8
27.9
39.66
30.25
33.28
Profit Margin (%)
-609
-238
-345
657
3,001
4,296
18,434
17,819
15,073
13,026
17,141
18,286
18,286
Working Capital
- -
- -
5
3
- -
612
526
462
340
292
227
131
131
LT Debt
-940
-773
-3,900
-3,212
1,599
2,751
16,109
18,741
20,585
17,361
21,853
24,004
24,004
Total Equity
- -
- -
- -
- -
-44.04
38.18
21.94
12.37
8.84
10.93
18.66
15.61
12.05
Return on Invested Capital (%)
- -
- -
- -
- -
-5.95
-65.89
-16,582.85
118.14
64.2
50.55
53.86
71.84
59.31
Return on Capital (%)
- -
- -
- -
- -
- -
- -
- -
152.2
70.83
52.98
55.28
74.66
61.66
Return on Common Equity (%)

Capital Structure

FRC

in mil. unless spec.
Sep'26
Dec'26
Mar'26
ST Debt
- -
101
100
LT Borrowings
- -
- -
- -
LT Finance Leases
- -
156
131
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
- -
60
60
Market Capitalization
141,296
133,377
119,227

Working Capital

FRC

in mil. unless spec.
Sep'26
Dec'26
Mar'26
Total Current Assets
- -
29,331
31,936
Cash, Cash Equivalents & STI
- -
28,934
31,469
Accounts Receivable, Net
- -
40
55
Inventories
- -
- -
- -
Total Current Liabilities
- -
12,270
13,650
Payables & Accruals
- -
- -
- -
ST Debt
- -
101
100
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
84.11%
9.25%
9.84%
Free Cash Flow
-542.71%
16.41%
11.69%
Net Income, GAAP
50.26%
14.1%
-13.8%
Sales/Revenue/Turnover
20.22%
18.76%
13.01%
Total Cash Common Dividend
- -
802.89%
150.21%

Quarterly Revenue

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
2,821
2,947
3,053
3,147
11,968
2025
3,313
3,477
3,543
3,551
13,884
2026
3,721
- -
4,016
4,043
15,690

Quarterly Earnings Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
13.6
11.36
13.66
- -
55.18
2025
19
22.54
20.18
30.14
91.84
2026
25.59
- -
31.37
8.36
79.07

Quarterly Dividends Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
0.01
- -
10.1
2025
19.99
0.01
- -
- -
20
2026
50
- -
- -
- -
49.97
Business
IndiaMART InterMESH Limited (INDIAMART.NS) operates India's largest online business-to-business (B2B) marketplace, connecting buyers with suppliers across diverse industries through its platform at www.indiamart.com. The company facilitates product and service discovery for small and medium enterprises (SMEs), large enterprises, and individuals, offering access to 119 million products and services spanning 98,000 categories and 56 industry groups, including construction and building raw materials, industrial plants and machinery, packaging materials, electrical equipment, apparel, furniture, housewares, cosmetics, electronics, agricultural goods, and medical equipment; it also provides lead management systems, payment protection programs, instant payment solutions via Pay with IndiaMART, marketing support, logistics facilitation, and AI-powered matchmaking tools. Suppliers benefit from enhanced business visibility, increased brand credibility, and subscription-based services with approximately 100,000 paid subscribers supporting over 8.4 million suppliers and 211 million buyers. Founded in 1999 and headquartered in Noida, Uttar Pradesh, India, the company primarily serves the Indian market while extending operations internationally, with 6,102 employees as of March 31, 2025. Subsidiaries include Busy Infotech Private Limited, a wholly-owned entity acquired in April 2022 for Rs. 500 crore, which offers accounting software, inventory management, and GST compliance solutions such as e-invoicing and e-way bill generation for SMEs. Recent investments encompass a 10% stake in identity verification provider IDfy acquired in 2024 for Rs. 89.69 crore to bolster SaaS offerings, additional funding in accounting app Vyapar including Rs. 61.55 crore in its 2022 Series B round, and leadership of Vyapar's 2019 Series A. In the past 1-2 years, IndiaMART InterMESH has reported robust financial performance, including a 12% year-on-year increase in consolidated revenue to Rs. 360 crore for Q2 FY26 ended September 30, 2025, with standalone revenue up 9% to Rs. 360 crore and net profit at Rs. 83 crore; it conducted allotments of equity shares to the IndiaMART Employee Benefit Trust under its Employee Stock Benefit Scheme 2018 as recently as November 26, 2025. The company maintains a dominant 60% market share in India's online B2B classified space, emphasizing digital inclusion for SMEs, trust through verified suppliers, and technology-driven expansions like enhanced financial solutions via partnerships such as HelloTrade.