Indiamart Intermesh Ltd - Stock Valuation and Financial Performance

BSE: 542726 | NSE: INDIAMART | e-Commerce | Small Cap

Indiamart Intermesh Share Price

2,255.65 -5.55 -0.25%
as on 21-Nov'24 16:59

DeciZen - make an informed investing decision on Indiamart Intermesh

Overall Rating
Bole Toh

1. Quality

2. Valuation

Fair

3. Price Trend

Indiamart Intermesh stock performance -

mw4me loader
P/E Ratio (CD):
31.50
Market Cap:
13,562.5 Cr.
52-wk low:
2,229.1
52-wk high:
3,199

Is Indiamart Intermesh Ltd an attractive stock to invest in?

1. Is Indiamart Intermesh Ltd a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Indiamart Intermesh Ltd is a average quality company.

2. Is Indiamart Intermesh Ltd undervalued or overvalued?

The key valuation ratios of Indiamart Intermesh Ltd's currently when compared to its past seem to suggest it is in the Fair zone.

3. Is Indiamart Intermesh Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Indiamart Intermesh Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of Indiamart Intermesh:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Indiamart Intermesh Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Value Creation Index Colour Code Guide

Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
ROCE % 0%0%0%0%0%98.7%42%22.7%19.3%24.4%-
Value Creation
Index
NANANANANA6.32.70.70.40.8-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 1762463184115076396707539851,1971,299
Sales YoY Gr.-39.6%29.3%29.2%23.6%25.9%4.8%12.5%30.8%21.5%-
Adj EPS -10.9-35-14.212.43.525.54648.746.355.871.8
YoY Gr.-NANANA-71.9%628.6%80.5%5.7%-4.8%20.6%-
BVPS (₹) -39.5-90.2-107.6-8226.445.6264.1304.6332.4283.4313
Adj Net
Profit
-39.8-128-52.249.620147279297283335431
Cash Flow from Ops. 7.1-55.5-0.6179255261323402476559-
Debt/CF from Ops. 0000000000-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 23.7%18.7%21.4%21.5%
Adj EPS NA74%6.7%20.6%
BVPSNA60.7%2.4%-14.7%
Share Price - 16.9% -16.1% -13.1%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
Return on
Equity %
5160.914.6-14-24.867.729.617.114.417.624.1
Op. Profit
Mgn %
-22.9-51.1-17.1-18.63.426.44940.927.227.733
Net Profit
Mgn %
-22.6-52.2-16.412.1423.141.739.528.82833.2
Debt to
Equity
00000000000
Working Cap
Days
3846414337377210510270329
Cash Conv.
Cycle
-44-38-41-46-30-13-20-16-12-13183

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 24.10%

Sales growth is growing at healthy rate in last 3 years 21.36%

Sales growth is good in last 4 quarters at 18.49%

Net Profit has been subdued in last 3 years 6.65%

Latest Financials - Indiamart Intermesh Ltd.

Standalone Consolidated
TTM EPS (₹) 72.5 71.8
TTM Sales (₹ Cr.) 1,238 1,299
BVPS (₹.) 319 313
Reserves (₹ Cr.) 1,854 1,817
P/BV 7.09 7.22
PE 31.19 31.50
From the Market
52 Week Low / High (₹) 2229.05 / 3198.95
All Time Low / High (₹) 476.00 / 4975.98
Market Cap (₹ Cr.) 13,562
Equity (₹ Cr.) 60
Face Value (₹) 10
Industry PE 132.8

Management X-Ray of Indiamart Intermesh:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Indiamart Intermesh

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Sales1762463184115076396707539851,197
Operating Expenses 216378391487490470341446718865
Manufacturing Costs30556181941106795168179
Material Costs0000000000
Employee Cost 119182210195230267205268425544
Other Costs 67142121211166936983125142
Operating Profit -40-133-74-7617169328308268331
Operating Profit Margin (%) -22.9%-54.0%-23.2%-18.6%3.4%26.4%49.0%40.9%27.2%27.7%
Other Income 1251419416987112181211
Interest 0000037589
Depreciation 345342116123136
Exceptional Items 000000000-2
Profit Before Tax -32-131-64-6054211389390371454
Tax 000-11534641109387120
Profit After Tax -32-132-645520147280298284334
PAT Margin (%) -18.1%-53.5%-20.2%13.3%4.0%23.1%41.8%39.5%28.8%27.9%
Adjusted EPS (₹)-8.7-35.9-17.613.73.525.546.148.746.455.7
Dividend Payout Ratio (%)0%0%0%0%0%20%16%2%22%36%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24

Equity and Liabilities

Shareholders Fund -96-331-395-3271512631,6011,8612,0331,699
Share Capital 589910292930313160
Reserves -154-340-404-3371222351,5711,8302,0021,639
Minority Interest0000000000
Debt0000000000
Long Term Debt0000000000
Short Term Debt0000000000
Trade Payables27383042131815182734
Others Liabilities 1714885867135718179581,2311,6321,809
Total Liabilities 1021952214287351,0982,5753,1103,6923,542

Fixed Assets

Gross Block3414171621118106106630644
Accumulated Depreciation284871232415077108
Net Fixed Assets611989866556553536
CWIP 0000000001
Investments 601291363116079012,2542,7222,7842,746
Inventories0000000000
Trade Receivables0011121175
Cash Equivalents 101941477824787758101
Others Assets253635614086176254290154
Total Assets 1021952214287351,0982,5753,1103,6923,542

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Cash Flow From Operating Activity 7-56-1179255261323402476559
PBT -32-131-64-6054211389390371454
Adjustment -971211038-34-55-71-75-97
Changes in Working Capital 46715313016810247180255294
Tax Paid 2-2-1-1-5-19-59-97-75-92
Cash Flow From Investing Activity -4-68-8-165-276-233-1,338-335-324162
Capex -3-7-3-2-5-50-4-523-14
Net Investments -2-62-7-166-266-197-1,273-377106144
Others 1223-4-31-64469332
Cash Flow From Financing Activity 013371514-511,038-58-143-695
Net Proceeds from Shares 000111421,052000
Net Proceeds from Borrowing 0000000000
Interest Paid 00000-3-7-500
Dividend Paid 00000-33-1-46-6-61
Others 0133740-17-6-7-137-634
Net Cash Flow 39-129-7-23239927
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Ratios
ROE (%)N/AN/AN/AN/A071.1230.0117.1914.5817.9
ROCE (%)N/AN/AN/AN/A098.734222.7219.324.42
Asset Turnover Ratio1.91.651.531.270.870.70.360.270.290.33
PAT to CFO Conversion(x)N/AN/AN/A3.2512.751.781.151.351.681.67
Working Capital Days
Receivable Days1101011122
Inventory Days0000000000
Payable Days0000000000

Indiamart Intermesh Ltd Stock News

Indiamart Intermesh Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Indiamart Intermesh on 21-Nov-2024 16:59 is ₹2,255.7.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 21-Nov-2024 16:59 the market cap of Indiamart Intermesh stood at ₹13,562.5.
The latest P/E ratio of Indiamart Intermesh as of 21-Nov-2024 16:59 is 31.19.
The latest P/B ratio of Indiamart Intermesh as of 21-Nov-2024 16:59 is 7.09.
The 52-week high of Indiamart Intermesh is ₹3,199 and the 52-week low is ₹2,229.1.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Indiamart Intermesh is ₹1,238 ( Cr.) .

About Indiamart Intermesh Ltd

IndiaMart InterMesh was incorporated in New Delhi as ‘IndiaMart InterMesh Limited’ on September 13, 1999, as a public limited company under the Companies Act, 1956, with a certificate of incorporation granted by the Registrar of Companies, National Capital Territory of Delhi and Haryana (RoC).

Business area of the company

The company is India’s largest online B2B marketplace for business products and services. Its online marketplace provides a platform for mostly business buyers, to discover products and services and contact the suppliers of such business products and services. It provides a robust two-way discovery marketplace connecting buyers and suppliers.

Awards and Accreditations

  • 2008: Received the ‘Red Herring 100 Asia 2008’ award in the ‘software’ category.
  • 2010: Recognized as one of ‘India’s 25 Most Promising Internet Companies’ by The SmartTechie.
  • 2013: Received the ‘Manthan’ award, South Asia and Asia Pacific in the e-business and financial inclusion category.
  • 2016: Received the ‘Drivers of Digital Summit & Awards 2016’ for ‘best online classified website’ category.
  • 2016: Received the ‘Super SME Awards, 2016’ for ‘Special Contribution Award’ at World Association of Small and Medium Enterprises (WASME).
  • 2017: Received the ‘Drivers of Digital Summit & Awards, 2017’ for ‘best online classified website’ category.
  • 2017: Received the ‘Global Mobile App Summit Awards, 2017’ for ‘best application in business’ category.
  • 2018: Received the ‘Drivers of Digital Summit & Awards, 2018’ for ‘best online classified website’ category.
  • 2018: Received the ‘Drivers of Digital Summit & Awards, 2018’ for ‘best online classified application’ category.
  • 2019: Received the ‘India Law Awards, 2019’ for ‘Technology, Media and Telecommunication In-House Legal Team’ category.
  • 2019: Received the ‘Video Media Awards and Summit, 2019’ for ‘video content in a business website- special mention’ category.

Major Events and milestones

  • 1999: Incorporation of Company.
  • 2003: Launched TrustSeal for documentary verification of customers.
  • 2007: Received investment from Bennett, Coleman and Company Limited and Times Internet Limited.
  • 2008: Received investment from Intel.
  • 2015: Achieved 100,000 premium customers milestone.
  • 2016: Received investment from Amadeus, Westbridge, AFIM and Intel.
  • 2017: Received further investment from Amadeus, Westbridge and AFIM.
  • 2017: Launched payment protection programmed PayX for the purpose of safe and secure payment gateway.
  • 2020: Indiamart Intermesh has entered into an agreement to invest in Mobisy Technologies.
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