MarketFriction

Indiamart Intermesh Ltd

NSE INDIAMART · BSE 542726 · Internet & Catalogue Retail
₹1,620.30 -0.53%
NSE close2026-10-01
52 week range1,600.00 - 2,525.90
Market cap₹9,700 Cr.
P/E19.7
IPO 2019 · +233% since Nifty 500Smallcap 250 Price band 20% Delivery 50.8%

Price

Drag to pan, scroll or pinch to zoom. Ruler (or Shift + drag) measures a move.Dashed lines: 52 week high and low. Prices adjusted for splits and bonuses.

Financials

Consolidated, Rs crore
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales295305315331348354355372391402404414
Expenses226227238223226230236253275282284282
Operating Profit697877108122124119119116120120132
OPM %23%26%24%33%35%35%34%32%30%30%30%32%
Other Income3542775366451099210135-34107
Interest222222211110
Depreciation8813888877776
Profit before tax9311013915117715921820411924778232
Tax %26%25%28%25%24%24%17%25%30%24%36%26%
Net Profit69821001141351211811548318850172
EPS in Rs11.5713.6516.6119.0122.5220.1630.0825.5713.7831.348.3528.63
Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales2543184115076396707539851,1971,3881,5691,611
Expenses3733914874904723444587559069151,0941,124
Operating Profit-119-74-7617167326296230291474475488
OPM %-47%-23%-19%3.4%26%49%39%23%24%34%30%30%
Other Income81419416987112181209272204218
Interest100037589732
Depreciation45342116123136332828
Profit before tax-115-64-6054211389390371454706648676
Tax %0%0%-191%63%30%28%24%24%26%22%27%
Net Profit-116-645520147280298284334551475493
EPS in Rs-63.34-35.1627.383.5025.5046.0948.7146.3855.6891.7379.0082.10
Dividend Payout %0%0%0%0%20%16%2%22%36%54%76%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth20%19%17%13%
Compounded Profit Growth20%11%19%-16%
Stock Price CAGR%-17%-18%-32%
Return on Equity%19%22%21%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital999102929303131606060
Reserves-152-153-399-3311312461,5811,8442,0281,6762,1252,340
Borrowings496600077635646413323
Other Liabilities1962686118646617718371,0191,3381,6721,9122,201
Total Liabilities1021912215438211,1232,5112,9493,4423,4494,1304,625
Fixed Assets610989866556553536515494
CWIP000000000000
Investments601251363116079012,2542,7222,7842,7463,4533,792
Other Assets365676223204136192171106166161338
Total Assets1021912215438211,1232,5112,9493,4423,4494,1304,625
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity7-55-1179255261322402476559623694
Cash from Investing Activity-4-75-8-165-276-233-1,338-335-324162-486-347
Cash from Financing Activity-013371514-511,038-58-143-695-148-340
Net Cash Flow32-129-7-23239927-117
Free Cash Flow4-63-3177250256323398460545615687
CFO/OP-10%48%-1%-236%1,524%167%117%169%240%224%164%179%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days101101113111
Inventory Days
Days Payable
Cash Conversion Cycle101101113111
Working Capital Days-272-241-243-260-277-266-246-289-305-311-305-301
ROCE %84%39%22%19%24%34%28%
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters49.21%49.21%49.21%49.21%49.21%49.17%49.17%49.17%49.17%49.12%49.12%49.07%
FIIs27.33%24.16%23.08%23.37%23.86%21.06%18.95%19.21%21.53%18.28%19.17%19.92%
DIIs5.46%8.23%10.60%11.81%12.10%13.85%15.49%15.29%12.99%16.41%13.54%12.11%
Public17.87%18.30%17.08%15.56%14.78%15.83%16.34%16.29%16.28%16.13%18.17%18.88%
Others0.11%0.08%0.05%0.05%0.04%0.09%0.05%0.03%0.03%0.05%0.01%0.02%
No. of Shareholders1,71,4701,71,3611,61,8231,59,8771,48,4351,68,3571,68,1381,69,9881,63,6871,57,9861,58,0651,55,473

Fundamentals

Market Cap₹ 9,700 Cr.
Current Price₹ 1,613
Stock P/E19.7
Book Value₹ 399
ROCE28.0 %
ROE20.7 %
Dividend Yield1.86 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)13%
Compounded Profit Growth (TTM)-16%
Consolidated figures.
Valuation
Market capRs 9,735 Cr
Enterprise valueRs 9,667 Cr
P/E (TTM)19.73x
Price to book4.06x
Price to sales6.04x
EV / EBITDA13.69x
EV / EBIT14.25x
EV / sales6.00x
Price to cash flow14.02x
Earnings yield5.07%
Dividend yield3.70%
P/E, 3-year average31.72x
P/B, 3-year average6.60x
P/E, 5-year average28.88x
P/B, 5-year average5.41x
Profitability
Operating margin (excl. other income)30.29%
Operating margin (incl. other income)43.30%
EBITDA margin43.82%
Pre-tax margin41.94%
Net profit margin30.62%
Net margin, latest quarter41.55%
ROE20.70%
ROCE28.05%
ROA10.84%
ROE, 3-year average22.13%
ROCE, 3-year average29.21%
ROA, 3-year average11.69%
ROE, 5-year average19.58%
ROCE, 5-year average25.68%
ROA, 5-year average10.97%
ROIC (approx.)21.30%
Tax rate26.74%
Other income / net worth8.50%
Growth
Sales growth (latest year)13.02%
Profit growth (latest year)-13.80%
Sales CAGR, 3 years16.77%
Sales CAGR, 5 years18.57%
Profit CAGR, 3 years18.70%
Profit CAGR, 5 years11.15%
Sales growth QoQ2.50%
Profit growth QoQ243.03%
Sales growth YoY (latest quarter)11.37%
Profit growth YoY (latest quarter)12.18%
Per share
EPS (TTM)Rs 82.12
EPS (latest year)Rs 79.00
EPS (latest quarter)Rs 28.66
EPS, 3-year averageRs 75.50
EPS, 5-year averageRs 83.34
Book value per shareRs 399.51
Sales per shareRs 268.18
Cash flow per shareRs 115.54
Free cash flow per shareRs 114.34
Dividend per share (latest year)Rs 60.00
Dividend per share, 3-year averageRs 43.33
Dividend per share, 5-year averageRs 30.40
Dividends
Dividend payout75.94%
Dividend payout, 3-year average55.44%
Dividend payout, 5-year average37.99%
Efficiency
Asset turnover0.34x
Fixed asset turnover3.18x
Debtor days1 days
Debtors turnover285.28x
Cash conversion cycle1 days
Working capital days-301 days
Leverage
Total debtRs 23 Cr
Cash and bankRs 91 Cr
Net debtRs -68 Cr
Debt to equity0.01x
Net debt / EBITDA-0.10x
Interest coverage271.28x
Current ratio (filing 2026-03-31)2.34x
Quick ratio (filing 2026-03-31)2.34x
Trade payables (filing 2026-03-31)Rs 32 Cr
Owners' fund to total sources51.91%
Debt to assets0.50%
Cash flow
Cash from Operating Activity (latest year)Rs 694 Cr
Cash from Investing Activity (latest year)Rs -347 Cr
Cash from Financing Activity (latest year)Rs -340 Cr
Net Cash Flow (latest year)Rs 7 Cr
Free cash flow (latest year)Rs 687 Cr
FCFE (approx.: FCF + change in debt)Rs 677 Cr
Cash from ops / profit, 5 years1.42x
Sales to cash flow2.26x
Statement figures
Net sales (TTM)Rs 1,611 Cr
Net sales (latest year)Rs 1,569 Cr
Sales (latest quarter)Rs 414 Cr
Operating profit excl. other income (latest year)Rs 475 Cr
Operating profit (latest quarter)Rs 132 Cr
Other income (TTM)Rs 218 Cr
EBITDA (TTM)Rs 706 Cr
PBDT (TTM)Rs 704 Cr
Profit before tax (TTM)Rs 676 Cr
Tax (latest year)Rs 173 Cr
Net profit (TTM)Rs 493 Cr
Net profit (latest year)Rs 475 Cr
Net profit (latest quarter)Rs 172 Cr
Depreciation (TTM)Rs 28 Cr
Depreciation (latest quarter)Rs 6 Cr
Interest (TTM)Rs 2 Cr
Cost of goods sold (latest year)Rs 186 Cr
Total expenditure (latest year)Rs 1,094 Cr
Total income (latest year)Rs 1,773 Cr
Share capitalRs 60 Cr
ReservesRs 2,340 Cr
Shareholders' fundsRs 2,400 Cr
Total assetsRs 4,625 Cr
Net blockRs 494 Cr
InvestmentsRs 3,792 Cr
ReceivablesRs 6 Cr
Other liabilitiesRs 2,201 Cr
Shares outstanding (crore)6.01
Ownership
Promoter holding49.07% (-0.10 in a year)
Computed by MarketFriction from the consolidated statements. Returns use average balances.
P/E 19.7 is at the 1th percentile of its own 7.3-year range (median 53.1, low 19.7, high 371.4).
P/B 4.06 is the lowest in 7.3 years (median 8.21).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
PeriodINDIAMARTNifty 50Difference
1 week-1.0%-2.8% +1.8 pts
1 month-8.2%-6.8% -1.4 pts
3 months-13.8%-7.6% -6.2 pts
6 months-18.4%+0.4% -18.8 pts
1 year-31.7%-9.9% -21.8 pts
2 years-46.7%-13.6% -33.2 pts
3 years-43.7%+14.2% -57.8 pts
5 years-61.0%+27.9% -88.9 pts
62 mutual fund schemes hold about ₹854 Cr. Over three months 11 bought more and 11 sold (share counts, price move removed).
FundWeightEst. Cr3m shares
ICICI Pru Multi Asset Allocation Fund0.26%225 +3%
ICICI Pru Technology Fund1.21%165 -2%
ICICI Pru Large & Mid Cap Fund0.38%127 -2%
UTI Value Fund0.54%51 -3%
ICICI Pru Dividend Yield Fund0.63%42 +6%
ICICI Pru Business Cycle Fund0.25%40 +9%
NJ Flexi Cap Fund1.21%33 +4%
NJ Balanced Advantage Fund0.80%27 +1%
Templeton India Value Fund0.94%19 +14%
UTI ELSS Tax Saver Fund0.53%18 -2%
UTI Dividend Yield Fund0.48%18 -2%
Bandhan Small Cap Fund0.05%16 -10%
UTI Small Cap Fund0.21%11 -72%
ICICI Pru Conservative Hybrid Fund0.32%11 +7%
UTI ULIP 10Y0.18%9 +5%
Nippon India Nifty Smallcap 250 Index Fund0.24%9 +3%
DSP Nifty Smallcap250 Quality 50 Index Fund1.78%6 +5%
SBI Nifty Smallcap 250 Index Fund0.24%4 +3%
Motilal Oswal Nifty Smallcap 250 Index Fund0.24%3 +3%
Taurus Ethical Fund0.68%3 -2%
UTI Multi Asset Allocation Fund0.04%3 +4%
ICICI Pru Nifty Smallcap 250 Index Fund0.24%2 +3%
HDFC NIFTY Smallcap 250 Index Fund0.24%2 +3%
UTI Conservative Hybrid Fund(M0.11%2 -11%
JioBlackRock Nifty Smallcap 250 Index Fund0.24%1 +3%

Red flags

F-score 6 of 8
No red flags in the latest statements and filings.
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.

Latest quarter

Jun 2026
Sales ₹414 Cr +11.3% vs Jun 2025. Net profit ₹172 Cr +11.7%.
Against our estimate for Jun 2026: sales -2.1%, profit +29.9% beat. Our estimate for Sep 2026: sales Rs 440 Cr, profit Rs 138 Cr (how).

Activity

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No bulk or block deals on record.
Ex-dateActionFactor
2026-06-19Dividend - Rs 30 Per Share/ Special Dividend - Rs 30 Per Share
2025-06-06Dividend - Rs 30 Per Share/Special Dividend - Rs 20 Per Share
2024-06-07Dividend - Rs 20 Per Share
2023-08-25Buy Back
2023-06-21Bonus 1:10.5000
2023-05-11Dividend - Rs 20 Per Share
2022-09-01Dividend - Rs 2 Per Share
2022-05-10Buy Back
2021-08-23 Dividend - Rs 15 Per Share
2020-03-12 Interim Dividend - Rs 10 Per Share
DateTypeWhat it says
2026-09-28Concall / analyst meetSchedule of meet
2026-09-25Concall / analyst meetPlease find enclosed outcome of Analyst/Institutional investor meet/call.
2026-09-24Concall / analyst meetPlease find enclosed outcome of Analyst/Institutional investor meet/call.
2026-09-24Concall / analyst meetPlease find enclosed outcome of Analyst/Institutional investor meet/call.
2026-09-24Concall / analyst meetPlease find enclosed outcome of Analyst/Institutional investor meet/call.
2026-09-22Concall / analyst meetPlease find enclosed outcome of Analyst/Institutional investor meet/call.
2026-09-22Concall / analyst meetPlease find enclosed outcome of Analyst/Institutional investor meet/call.
2026-09-22Concall / analyst meetPlease find enclosed outcome of Analyst/Institutional investor meet/call.
2026-09-22Concall / analyst meetPlease find enclosed outcome of Analyst/Institutional investor meet/call.
2026-09-17Concall / analyst meetPlease find enclosed outcome of Analyst/Institutional investor meet/call.
2026-09-17Concall / analyst meetPlease find enclosed outcome of Analyst/Institutional investor meet/call.
2026-09-16Concall / analyst meetPlease find enclosed outcome of Analyst/Institutional investor meet/call.
2026-09-16Concall / analyst meetPlease find enclosed outcome of Analyst/Institutional investor meet/call.
2026-09-14Concall / analyst meetPlease find enclosed outcome of Analyst/Institutional investor meet/call.
2026-09-14Concall / analyst meetPlease find enclosed outcome of Analyst/Institutional investor meet/call.
2026-09-11Concall / analyst meetLn accordance with Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find e...
2026-09-10Concall / analyst meetPlease find enclosed outcome of Analyst/Institutional investor meet/call.
2026-09-09Concall / analyst meetSchedule of meet
2026-09-08Concall / analyst meetSchedule of meet
2026-09-08Concall / analyst meetPlease find enclosed outcome of Analyst/Institutional investor meet/call.
2026-09-08Concall / analyst meetLn accordance with Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find e...
2026-09-07Concall / analyst meetPlease find enclosed outcome of Analyst/Institutional investor meet/call.
2026-08-24Concall / analyst meetPlease find enclosed outcome of Analyst/Institutional investor meet/call.
2026-08-20Concall / analyst meetPlease find enclosed outcome of Analyst/Institutional investor meet/call.
2026-08-17Concall / analyst meetPlease find enclosed outcome of Analyst/Institutional investor meet/call.
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Not on any NSE surveillance list in the latest file.

Quick answers

What is the market cap of Indiamart Intermesh Ltd?

Indiamart Intermesh Ltd (INDIAMART) has a market capitalisation of Rs 9,700 Cr. at the 2026-10-01 close.

What is the P/E ratio of Indiamart Intermesh Ltd?

Indiamart Intermesh Ltd trades at a P/E of 19.7 on trailing twelve-month profit, at the 2026-10-01 close.

What were Indiamart Intermesh Ltd's latest quarterly results?

In the Jun 2026 quarter, Indiamart Intermesh Ltd sales was Rs 414 Cr (+11.3% vs Jun 2025) and net profit was Rs 172 Cr.

What is the 52-week high and low of Indiamart Intermesh Ltd?

The 52-week high is Rs 2,525.90 and the 52-week low is Rs 1,600.00.

Data: NSE and BSE daily reports, company filings. Numbers only, not investment advice, not a SEBI-registered research service.AboutMethodologyFAQResearchContactTermsPrivacyDisclaimerUpdated 2026-10-03