Financials IndiaMART InterMESH Limited

Equities

INDIAMART

INE933S01016

Internet Services

Market Closed - NSE India S.E. 07:40:29 2024-07-05 am EDT 5-day change 1st Jan Change
2,699 INR -0.01% Intraday chart for IndiaMART InterMESH Limited +0.67% -0.85%

Valuation

Fiscal Period: March 2020 2021 2022 2023 2024 2025 2026 2027
Capitalization 1 56,000 234,953 132,120 153,678 158,543 161,790 - -
Enterprise Value (EV) 1 47,728 212,560 106,625 128,011 132,614 131,419 125,464 118,747
P/E ratio 38.5 x 81.8 x 44.6 x 54.2 x 44.3 x 42.2 x 33.7 x 28.7 x
Yield 0.52% 0.19% 0.05% 0.4% 0.76% 0.87% 1.07% 1.44%
Capitalization / Revenue 8.77 x 35.1 x 17.5 x 15.6 x 13.2 x 11.5 x 9.59 x 8.59 x
EV / Revenue 7.47 x 31.7 x 14.2 x 13 x 11.1 x 9.33 x 7.44 x 6.3 x
EV / EBITDA 28.3 x 64.8 x 34.6 x 47.8 x 40 x 32.5 x 24.7 x 20.3 x
EV / FCF 18.7 x 65.9 x 26.8 x 27.9 x 24.4 x 28.6 x 22.3 x 17.8 x
FCF Yield 5.36% 1.52% 3.73% 3.58% 4.11% 3.5% 4.48% 5.62%
Price to Book 20.3 x 14.6 x 7.06 x 7.47 x 9.13 x 8.29 x 6.96 x 6.08 x
Nbr of stocks (in thousands) 57,840 60,727 61,129 61,229 59,930 59,949 - -
Reference price 2 968.2 3,869 2,161 2,510 2,645 2,699 2,699 2,699
Announcement Date 5/12/20 4/29/21 4/28/22 4/28/23 4/30/24 - - -
1INR in Million2INR
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: March 2020 2021 2022 2023 2024 2025 2026 2027
Net sales 1 6,389 6,696 7,535 9,854 11,968 14,091 16,862 18,837
EBITDA 1 1,689 3,282 3,078 2,679 3,314 4,049 5,085 5,860
EBIT 1 1,478 3,121 2,959 2,368 2,949 3,682 4,667 5,486
Operating Margin 23.13% 46.61% 39.27% 24.03% 24.64% 26.13% 27.68% 29.13%
Earnings before Tax (EBT) 1 2,115 3,893 4,027 4,092 4,544 5,270 6,612 7,616
Net income 1 1,474 2,798 2,976 2,838 3,340 3,837 4,813 5,643
Net margin 23.07% 41.79% 39.5% 28.8% 27.91% 27.23% 28.54% 29.95%
EPS 2 25.12 47.29 48.42 46.32 59.70 63.91 80.18 94.06
Free Cash Flow 1 2,559 3,225 3,979 4,587 5,445 4,596 5,617 6,671
FCF margin 40.05% 48.16% 52.81% 46.55% 45.5% 32.62% 33.31% 35.41%
FCF Conversion (EBITDA) 151.51% 98.26% 129.27% 171.22% 164.3% 113.5% 110.46% 113.84%
FCF Conversion (Net income) 173.61% 115.26% 133.7% 161.63% 163.02% 119.79% 116.72% 118.23%
Dividend per Share 2 5.000 7.500 1.000 10.00 20.00 23.39 28.92 38.75
Announcement Date 5/12/20 4/29/21 4/28/22 4/28/23 4/30/24 - - -
1INR in Million2INR
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: March 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1 2025 Q2 2025 Q3 2025 Q4
Net sales 1 1,881 2,014 2,246 2,406 2,514 2,688 2,821 2,947 3,053 3,147 3,258 3,318 3,468 3,621
EBITDA 1 788 572 642 672 702 661 773 800 857 884 922.2 938.5 1,040 1,092
EBIT 1 758 543 579 596 616 575 699 720 773 757 835.5 831 928.5 978.5
Operating Margin 40.3% 26.96% 25.78% 24.77% 24.5% 21.39% 24.78% 24.43% 25.32% 24.05% 25.64% 25.04% 26.77% 27.02%
Earnings before Tax (EBT) 1 933 825 577 1,036 1,616 861 1,230 933 1,168 1,391 1,146 1,207 1,344 1,434
Net income 1 702 574 467 684 1,128 558 831 694 819 923 890.8 874 954 999
Net margin 37.32% 28.5% 20.79% 28.43% 44.87% 20.76% 29.46% 23.55% 26.83% 29.33% 27.34% 26.34% 27.51% 27.59%
EPS 2 11.42 9.335 7.600 11.18 18.45 9.140 13.57 11.34 13.63 15.37 14.40 14.40 15.75 16.50
Dividend per Share - - - - - - - - - - - - - -
Announcement Date 1/24/22 4/28/22 7/21/22 10/20/22 1/19/23 4/28/23 7/20/23 10/27/23 1/18/24 4/30/24 - - - -
1INR in Million2INR
Estimates

Balance Sheet Analysis

Fiscal Period: March 2020 2021 2022 2023 2024 2025 2026 2027
Net Debt 1 - - - - - - - -
Net Cash position 1 8,272 22,393 25,495 25,667 25,929 30,371 36,326 43,043
Leverage (Debt/EBITDA) - - - - - - - -
Free Cash Flow 1 2,559 3,225 3,979 4,587 5,445 4,596 5,617 6,671
ROE (net income / shareholders' equity) 67.8% 29.7% 17.1% 14.4% 17.6% 20.6% 22.2% 23.1%
ROA (Net income/ Total Assets) - - - - 9.69% - - -
Assets 1 - - - - 34,466 - - -
Book Value Per Share 2 47.60 266.0 306.0 336.0 290.0 325.0 388.0 444.0
Cash Flow per Share - - - - - - - -
Capex 1 46 - 44 172 147 332 373 304
Capex / Sales 0.72% - 0.58% 1.75% 1.23% 2.36% 2.21% 1.62%
Announcement Date 5/12/20 4/29/21 4/28/22 4/28/23 4/30/24 - - -
1INR in Million2INR
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
B-
More Ratings
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
19
Last Close Price
2,699 INR
Average target price
2,936 INR
Spread / Average Target
+8.78%
Consensus
  1. Stock Market
  2. Equities
  3. INDIAMART Stock
  4. Financials IndiaMART InterMESH Limited