On 6 Nov 2026, Indiamart Intermesh was priced at ₹1,547.10, or 18.6× trailing earnings, against an industry P/E of 16.3×, and the shares are 39% below their 52-week high. Sales and net profit grew 17% and 19% a year over 3 years; its ROCE of 20% is the second-highest among the 7 largest Internet Retail peers. It carries very little debt, and its dividend yield is 1.9%. It is a small-cap company with a market cap of ₹9,304 Cr, ranked 5th of 13 Internet Retail companies by market cap; the shares fell 36% over the past year.
- ₹1,571.80
- ₹1,579.70
- ₹1,541.00
- ₹1,576.30
- 56.4K
Health check
- ReturnsIn line
−36.1% over a year, better than 3 of 7 peers.
- Price tagIn line
P/E 18.6 vs industry 16.3.
- GrowthSlow
Sales +16.8%, profit +18.7% a year over 3 years.
- ProfitabilityAverage
ROCE 20.0% vs peer median -11.6%.
- Balance sheetSolid
Practically debt-free, Piotroski 6 of 9.
- Red flags1 to check
39% below its 52-week high.
Small cap
Defensive
Key metrics
- Market cap
- ₹9,304 Cr
- Small cap
- P/E
- 18.6
- Industry 16.3
- Price to book
- 4.02
- Peers 4.46
- Dividend yield
- 1.94%
- ROE
- 22.5%
- Peers −17.1%
- ROCE
- 20.0%
- Peers −11.6%
- Debt to equity
- 0.01
- Debt ₹20 Cr
- EPS (TTM)
- ₹83.17
- Face value ₹10
- OPM (TTM)
- 32.0%
- Net margin 30.4%
- Sales growth
- +9.6%
- Latest quarter vs a year ago
- Profit growth
- +9.8%
- Latest quarter vs a year ago
- Price to sales
- 5.64
- EV/EBITDA 11.2
Strengths and risks
Strengths
- Return on equity of 22.5%.
- Practically debt-free.
- Net margin of 30.4%.
- Positive operating cash flow in each of the last 4 years.
Risks to check
- 39% below its 52-week high.
About Indiamart Intermesh
IndiaMART InterMESH Limited operates an online business-to-business (B2B) marketplace for business products and services in India and internationally. The company provides an online marketplace that enables listings and discovery of businesses, products, and services; buyer-supplier matchmaking; product search and discovery; request for quotation and BuyLead services; CRM Lead Manager; web storefront solutions; cloud telephony and Premium Number Service…
- Headquarters
- Noida
- Sector
- Consumer Cyclical
- ISIN
- INE933S01016
- Website
- indiamart.com
Price range
- Avg volume (3M)
- 95.7K
- 1-year return
- minus 36.1%
- From 52-week high
- minus 38.8%
Analyst consensus
Next results expected around 19 Jan 2027
Peers · Internet Retail
| Company | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ETERNALEternal | 363.15 | plus 1.35% | 3,34,562 | 685.2 | 10.37 | 2.9% | 1.6% | 2.8% | 97.7% | – | 0.00% | plus 14.3% |
| MEESHOMeesho | 233.48 | minus 0.02% | 1,08,125 | – | 26.26 | −27.0% | −36.5% | −8.4% | 30.1% | – | 0.00% | plus 37.3% |
| NYKAAFSN E-Commerce Ventures | 353.00 | plus 0.77% | 1,01,158 | 315.2 | 61.43 | 24.0% | 20.8% | 8.4% | 24.7% | 117.9% | 0.00% | plus 39.7% |
| SWIGGYSwiggy | 191.17 | plus 0.88% | 50,141 | – | 3.01 | −19.4% | −26.7% | −10.8% | 41.0% | – | 0.00% | minus 54.2% |
| INDIAMARTIndiamart Intermesh | 1,547.10 | minus 1.85% | 9,304 | 18.6 | 4.02 | 20.0% | 22.5% | 32.0% | 16.8% | 18.7% | 1.94% | minus 36.1% |
| FIRSTCRYBrainbees Solutions | 159.61 | minus 2.40% | 7,754 | – | 1.59 | −0.2% | −2.9% | 3.3% | 16.4% | – | 0.00% | minus 53.1% |
| RTNINDIARattanIndia Enterprises | 25.12 | minus 1.87% | 3,469 | – | 4.46 | −11.6% | −31.3% | −0.5% | 22.1% | – | 0.00% | minus 50.5% |
| ACEVECTORAceVector | 18.81 | minus 5.10% | 1,024 | – | 2.74 | −12.0% | −17.1% | −9.9% | −23.7% | – | 0.00% | minus 27.9% |
| Median of 7 peers | – | −0.02% | 50,141 | 500.2 | 4.46 | −11.6% | −17.1% | −0.5% | 24.7% | 117.9% | 0.00% | −27.9% |
Quarterly results
| ₹ Cr | Jun 25 | Sep 25 | Dec 25 | Mar 26 | Jun 26 | Sep 26 |
|---|---|---|---|---|---|---|
| 372 | – | 402 | 404 | 414 | 429 | |
| 235 | – | 267 | 318 | 266 | 269 | |
| 138 | 127 | 134 | 86 | 148 | 159 | |
| 37.0% | – | 33.4% | 21.3% | 35.7% | 37.2% | |
| −13.2 | – | −11.9 | 0 | −11.2 | −22.9 | |
| 1 | – | 0.7 | 0.6 | 0.6 | 0.5 | |
| 6.9 | 7.2 | 7.3 | 7 | 6.4 | 6.4 | |
| 87.6 | – | 133 | – | 102 | – | |
| 204 | – | 247 | 78.4 | 232 | 129 | |
| 24.7% | – | 23.8% | 36.0% | 25.7% | 29.8% | |
| 154 | – | 188 | 50.2 | 172 | 90.8 | |
| 25.52 | – | 31.24 | 8.33 | 28.56 | 15.05 |
Profit & loss
- Sales CAGR 3Y
- +16.8%
- Profit CAGR 3Y
- +18.7%
- EPS CAGR 3Y
- +19.4%
- ROE
- 22.5%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 985 | 1,197 | 1,388 | 1,569 | |
| – | +21.5% | +16.0% | +13.0% | |
| 717 | 865 | 863 | 1,035 | |
| 268 | 332 | 525 | 534 | |
| 27.2% | 27.7% | 37.8% | 34.0% | |
| −33.3 | −37.2 | −46.1 | −45.4 | |
| 8.2 | 8.9 | 7.4 | 3 | |
| 31.1 | 36.5 | 32.9 | 28.4 | |
| 175 | 205 | 267 | 191 | |
| 371 | 454 | 706 | 648 | |
| 23.6% | 26.5% | 22.0% | 26.7% | |
| 284 | 334 | 551 | 475 | |
| – | +17.7% | +64.9% | minus 13.8% | |
| 46.32 | 55.04 | 91.59 | 78.77 |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 30.6 | 59.9 | 60 | 60.1 | |
| 2,028 | 1,676 | 2,125 | 2,340 | |
| 45.9 | 40.7 | 33 | 23.1 | |
| 1,340 | 1,672 | 1,915 | 2,201 | |
| 3,445 | 3,449 | 4,134 | 4,625 | |
| 54.3 | 48.8 | 33.3 | 21.6 | |
| 0.2 | 0.8 | 0.1 | 0.1 | |
| 237 | 276 | 422 | 568 | |
| 2,335 | 2,334 | 2,885 | 3,120 | |
| 818 | 789 | 794 | 915 | |
| 3,445 | 3,449 | 4,134 | 4,625 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 476 | 559 | 623 | 694 | |
| −324 | 162 | −486 | −347 | |
| −143 | −695 | −148 | −340 | |
| 8.6 | 26.7 | −11.3 | 6.9 | |
| −17.2 | −14.7 | −7.9 | −7 | |
| 459 | 544 | 615 | 687 | |
| −6.1 | −61.1 | −120 | −300 |
Shareholding pattern
- Promoters49.07%
- Public50.92%
- Employee trusts0.01%
| Quarter | Split | Promoters | Public | Promoter change |
|---|---|---|---|---|
| 30 Sep 2026 | 49.07% | 50.92% | 0.00 | |
| 30 Jun 2026 | 49.07% | 50.91% | minus 0.05 | |
| 31 Mar 2026 | 49.12% | 50.87% | 0.00 | |
| 31 Dec 2025 | 49.12% | 50.83% | minus 0.05 | |
| 30 Sep 2025 | 49.17% | 50.81% | – |
Major shareholders
Filings & events
News
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