Minerva Capital Research Solutions

IndiaMART InterMESH

NSE: INDIAMARTBSE: 542726
Compare with peers
₹ 1,568.00▼ 69 (−4.22%)28 Oct, 03:29 pm IST
Market cap
₹ 9,593 Cr.
P/E
19.2x
P/B
3.96x
52-week range
1,540 – 2,525.9
ROE
21%
ROCE
28%
Dividend yield
1.9%
Debt / equity
0.01
Sector
Retailing
Industry
Internet & Catalogue Retail
Listed on
NSE, BSE

About

IndiaMART InterMESH Limited is an India-based company. The Company is an online business-to-business (B2B) marketplace, which connects buyers with suppliers. Its channel is focused on providing a platform for small and medium enterprises (SMEs), large enterprises, as well as individuals. The Company operates through two segments: Web and related Services and Accounting Software Services. Web and related services segment provide business-to-business e-marketplace services, which acts as an interactive hub for domestic and international buyers and suppliers. The Accounting software services segment provides the business of development, system analysis, designing and marketing of integrated business accounting software to help and manage businesses with increased efficiency. The Company's solutions include IM Leader, IM Star, TrustSEAL, Maximiser, IndiaMART Paid Service (MDC), IndiaMART Verified Exporter, enterprise solutions, and advertising solutions.

Quick check

The five things to look at first. Open one for more.

Compared with its industry

Internet & Catalogue Retail: 10 companies →

IndiaMART InterMESH against the typical company in its industry. The rank is out of the companies that report each figure; green means the better quarter of the pack, red the worse quarter.

  • Valuation (P/E)19.2 against a typical 19.2: in line than most peers (1st = cheapest).5th of 9
  • Sales growth+11.3% against a typical +12.3% from a year earlier.6th of 8
  • Profit growth+11.7% against a typical +27.3% from a year earlier.5th of 8
  • Share price, 3 months−6.5% against a typical −12.8%.3rd of 9
  • Size₹ 9,593.1 Cr. market value against a typical ₹ 1,705.4 Cr. (1st = largest).2nd of 8

Latest announcements

Exchange filings and their impact on the company.

  • 27 Oct 2026Outcome of Board MeetingMedium impactPositivePrice +4.8% that day
    Q2 revenue up ~10% YoY with stronger core margins and ~10% profit growth.

    IndiaMART reported Q2 FY27 consolidated revenue of Rs 428.6 crore, up 9.6% from a year ago, and half-year revenue of Rs 843 crore, up 10.5%. Q2 net profit was Rs 90.8 crore versus Rs 82.7 crore last year, while half-year profit rose to Rs 263 crore. Core marketplace margins improved with Web services profit of Rs 305.2 crore in H1, supporting continued profitable growth.

    Filing

Board meetings

Results dates and other board meetings. Full calendar

Details
27 Oct 2026Financial ResultsTo consider and approve the Audited Consolidated and Standalone Financial Results ( Financial Results ) of the Company for the quarter and half year ended September 30, 2026.
21 Jul 2026Financial ResultsTo consider and approve the Audited Consolidated and Standalone Financial Results of the Company for the quarter ended June 30, 2026.
30 Apr 2026Financial Results/DividendWe wish to inform that a meeting of the Board of Directors of the Company is scheduled to be held on Thursday, April 30, 2026, inter-alia, to consider and:1.Approve the Audited Standalone and Consolidated Financial Results ( Financial Results ) of the Company for the quarter and financial year ended March 31, 2026.2.Recommend dividend, if any, on the equity shares of the Company for the financial year ending March 31, 2026, subject to approval of the shareholders in the ensuing Annual General Meeting
20 Jan 2026Financial ResultsTo consider and approve the Audited Financial Results (Standalone and Consolidated) of the Company for the quarter and nine months ended on December 31, 2025
17 Oct 2025Financial ResultsTo consider and approve the financial results for the period ended September 30, 2025
18 Jul 2025Financial ResultsTo consider and approve the financial results for the period ended Jun 30, 2025

Share price

1M change −4.22%
1 of 1 filing day came with a big price moveBiggest +4.8% on 27 Oct 2026AI reading matched the move 1 of 1
Volume (shares)Price (₹)
Close price

Financials

Consolidated figures in ₹ crore.

Quarterly results
₹ Cr.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

Growth and returns

Compounded yearly rates over each period.

Compounded Sales Growth
10 Years
20%
5 Years
19%
3 Years
17%
TTM
13%
Compounded Profit Growth
10 Years
20%
5 Years
11%
3 Years
19%
TTM
−16%
Stock Price CAGR
10 Years
—
5 Years
−13%
3 Years
−18%
TTM
—
Return on Equity
10 Years
—
5 Years
19%
3 Years
22%
TTM
—

Shareholding

Latest: Jun 2026.

Promoters
49.07%
−0.1 pts in a year
FIIs
19.92%
+0.71 pts in a year
DIIs
12.11%
−3.18 pts in a year
Public
18.88%
+2.59 pts in a year
Others
0.02%
−0.01 pts in a year

P/E and EPS over time

Daily P/E and trailing 12-month EPS. EPS updates with each result.

P/E 19.2xEPS (12 months) ₹ 82.10Median P/E 50.4x
P/E (times)EPS (₹)

Peers

Listed companies in the same business.

Peer comparison
IndiaMART InterMESH₹ 1,568.00₹ 9,593 Cr.19.2x4x21%—
Hindustan Unilever₹ 1,820.00₹ 4,27,626 Cr.48.3x10.3x21.5%16.1%
Godrej Consumer Products₹ 851.50₹ 87,134 Cr.54.2x8.7x15.1%12.3%
Marico₹ 764.10₹ 99,347 Cr.62.2x26x43.1%13.3%
Dabur India₹ 366.00₹ 64,927 Cr.40x6.6x17.1%14.2%
Cupid₹ 306.50₹ 41,214 Cr.271.9x64.1x27.3%30.3%

Management

Dinesh Chandra Agarwal
Chief Executive Officer, Managing Director, Executive Director
Jitin Diwan
Chief Financial Officer
Dinesh Gulati
Chief Operating Officer
Nikhil S. Prabhakar
Chief Information Officer
Vasudha Bagri
Compliance Officer
Manoj Bhargava
Group General Counsel, Whole-Time Director, Company Secretary
Brijesh Kumar Agrawal
Whole-Time Director
Prateek Chandra
Chief Strategy Officer

Prices are delayed and for information only. Nothing on this page is investment advice.