IndiaMART InterMESH Ltd is a transformative force in India’s B2B digital marketplace landscape. With a market capitalization of ₹16,097 Crores and a current stock price of ₹2,683, IndiaMART is the nation’s pioneering and largest B2B online platform. Its primary mission is to seamlessly integrate Small and Medium Businesses (SMEs) into the modern business paradigm, and it’s making significant strides in achieving this goal. By innovating and constantly expanding the horizons of online marketplaces, IndiaMART has made accessibility, visibility, and engagement for SMEs a top priority, ushering them into a new era of commerce in India.
In this article, we will delve into every aspect of this company and explore its remarkable journey and impact on India’s B2B digital marketplace.
About IndiaMART InterMESH
IndiaMART InterMESH, founded in 1996 by Dinesh Agarwal and Brijesh Agrawal, has evolved from a modest directory of websites in the Delhi-NCR region to become the leading Indian B2B e-commerce company. Over the years, it weathered challenges like the dot-com bust and a recession, strategically pivoting towards the India-focused B2B market.
IndiaMART made history by becoming the first online B2B marketplace to go public in India through an oversubscribed IPO in 2019. As of that year, it held a dominant 60% market share in India’s e-commerce platform for businesses. Despite its successes, the company has faced legal challenges, including a copyright infringement lawsuit and a data breach in 2021. IndiaMART has been on a notable journey in the Indian business landscape, and its position remains influential and pivotal.
Below are the trading platforms that you can use to purchase IndiaMART InterMESH shares:
- Zerodha
- Upstox
- Groww
- AngelOne
- ICICIDirect
| When | Maximum Price | Minimum Price |
| June 2024 | 2,897.64 | 2,519.69 |
| July 2024 | 2,868.66 | 2,494.49 |
| August 2024 | 2,983.41 | 2,594.27 |
| September 2024 | 3,102.75 | 2,698.04 |
| October 2024 | 3,041.91 | 2,645.14 |
| November 2024 | 3,133.17 | 2,724.49 |
| December 2024 | 3,211.49 | 2,792.60 |
| When | Maximum Price | Minimum Price |
| January 2025 | 3,275.72 | 2,519.79 |
| February 2025 | 3,359.72 | 2,584.40 |
| March 2025 | 3,490.75 | 2,685.19 |
| April 2025 | 3,422.30 | 2,632.54 |
| May 2025 | 3,322.62 | 2,555.86 |
| June 2025 | 3,472.14 | 2,670.88 |
| July 2025 | 3,404.06 | 2,618.51 |
| August 2025 | 3,509.34 | 2,699.49 |
| September 2025 | 3,632.17 | 2,793.97 |
| October 2025 | 3,726.60 | 2,866.62 |
| November 2025 | 3,819.77 | 2,938.28 |
| December 2025 | 3,915.26 | 3,011.74 |
| When | Maximum Price | Minimum Price |
| January 2026 | 4,032.72 | 3,102.09 |
| February 2026 | 4,136.12 | 3,181.63 |
| March 2026 | 4,297.43 | 3,305.72 |
| April 2026 | 4,213.17 | 3,240.90 |
| May 2026 | 4,090.45 | 3,146.50 |
| June 2026 | 4,274.52 | 3,288.10 |
| July 2026 | 4,190.71 | 3,223.62 |
| August 2026 | 4,320.32 | 3,323.32 |
| September 2026 | 4,471.53 | 3,439.64 |
| October 2026 | 4,587.79 | 3,529.07 |
| November 2026 | 4,702.49 | 3,617.30 |
| December 2026 | 4,820.05 | 3,707.73 |
In 2026, IndiaMART InterMESH’s share price targets continue to show an upward trend, with projected prices ranging from a minimum of 3,102.09 in January to a maximum of 4,820.05 in December.
| When | Maximum Price | Minimum Price |
| January 2027 | 4,916.45 | 3,781.88 |
| February 2027 | 5,042.51 | 3,878.85 |
| March 2027 | 5,239.17 | 4,030.13 |
| April 2027 | 5,136.44 | 3,951.11 |
| May 2027 | 4,986.84 | 3,836.03 |
| June 2027 | 5,211.24 | 4,008.65 |
| July 2027 | 5,109.06 | 3,930.05 |
| August 2027 | 5,267.07 | 4,051.60 |
| September 2027 | 5,451.42 | 4,193.40 |
| October 2027 | 5,593.16 | 4,302.43 |
| November 2027 | 5,732.99 | 4,409.99 |
| December 2027 | 5,876.31 | 4,520.24 In |
In 2027, IndiaMART InterMESH’s share price targets suggest a robust trajectory, with projected prices ranging from a minimum of 3,781.88 in January to a peak of 5,876.31 in December.
| When | Maximum Price | Minimum Price |
| January 2028 | 5,993.84 | 4,610.65 |
| February 2028 | 6,147.53 | 4,728.87 |
| March 2028 | 6,387.28 | 4,913.29 |
| April 2028 | 6,262.04 | 4,816.95 |
| May 2028 | 6,079.65 | 4,676.65 |
| June 2028 | 6,353.23 | 4,887.10 |
| July 2028 | 6,228.66 | 4,791.28 |
| August 2028 | 6,421.30 | 4,939.46 |
| September 2028 | 6,646.05 | 5,112.34 |
| October 2028 | 6,818.84 | 5,245.26 |
| November 2028 | 6,989.31 | 5,376.40 |
| December 2028 | 7,164.05 | 5,510.81 |
| When | Maximum Price | Minimum Price |
| January 2029 | 7,307.33 | 5,621.02 |
| February 2029 | 7,494.69 | 5,765.15 |
| March 2029 | 7,786.99 | 5,989.99 |
| April 2029 | 7,634.30 | 5,872.54 |
| May 2029 | 7,411.94 | 5,701.50 |
| June 2029 | 7,745.48 | 5,958.06 |
| July 2029 | 7,593.61 | 5,841.24 |
| August 2029 | 7,828.46 | 6,021.89 |
| September 2029 | 8,102.46 | 6,232.66 |
| October 2029 | 8,313.12 | 6,394.71 |
| November 2029 | 8,520.95 | 6,554.58 |
| December 2029 | 8,733.97 | 6,718.44 |
| When | Maximum Price | Minimum Price |
| January 2030 | 8,908.65 | 6,852.81 |
| February 2030 | 9,137.08 | 7,028.52 |
| March 2030 | 9,493.43 | 7,302.64 |
| April 2030 | 9,307.28 | 7,159.45 |
| May 2030 | 9,036.20 | 6,950.92 |
| June 2030 | 9,442.82 | 7,263.71 |
| July 2030 | 9,257.67 | 7,121.29 |
| August 2030 | 9,543.99 | 7,341.53 |
| September 2030 | 9,878.03 | 7,598.49 |
| October 2030 | 10,134.86 | 7,796.05 |
| November 2030 | 10,388.23 | 7,990.95 |
| December 2030 | 10,647.94 | 8,190.72 |
IndiaMART InterMESH Financial Condition: Last 5 Years
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|
| Sales (Rs. Crores) | 507 | 639 | 670 | 753 | 985 | 1,197 |
| Expenses (Rs. Crores) | 490 | 472 | 344 | 458 | 755 | 906 |
| Operating Profit (Rs. Crores) | 17 | 167 | 326 | 296 | 230 | 291 |
| Other Income (Rs. Crores) | 41 | 69 | 87 | 112 | 181 | 209 |
| Profit before Tax (Rs. Crores) | 54 | 211 | 389 | 390 | 371 | 454 |
| Net Profit (Rs. Crores) | 20 | 147 | 280 | 298 | 284 | 334 |
| EPS (Rs.) | 3.50 | 25.50 | 46.09 | 48.71 | 46.38 | 55.68 |
| Dividend Payout (%) | 0% | 20% | 16% | 2% | 22% | 36% |
Over the last five years, IndiaMART InterMESH has demonstrated substantial growth in its financial performance. Sales have steadily increased from Rs. 507 crores in 2019 to Rs. 1,197 crores in 2024, reflecting a robust upward trend.
Despite fluctuating expenses, the company has consistently improved its operating profit, reaching Rs. 291 crores in 2024 from Rs. 17 crores in 2019. Other income and profit before tax have also shown significant gains, indicating strong operational efficiency and supplementary earnings. With a rising EPS and varying dividend payouts, IndiaMART InterMESH underscores its ability to maintain profitability while rewarding shareholders amidst market dynamics.
FAQs
Is IndiaMART InterMESH a financially stable company?
Yes, IndiaMART InterMESH is almost debt-free, signifying a strong financial position.
Is IndiaMART InterMESH’s market capitalization indicative of its market standing?
Yes, IndiaMART InterMESH boasts a market capitalization of ₹16,097 Crores, which reflects its significant presence in the market.
Is IndiaMART InterMESH’s stock currently overvalued?
Yes, IndiaMART InterMESH’s stock is trading at 8.38 times its book value, suggesting a relatively high valuation.
Is the high earnings growth of IndiaMART InterMESH sustainable?
While the earnings have shown strong growth, investors should be aware that it includes a significant other income of Rs. 164 Crores, which may not be recurring.
Is there any concern regarding promoter confidence or management changes at IndiaMART InterMESH?
The promoter holding of IndiaMART InterMESH has decreased by -3.21% over the last 3 years, which may raise questions about promoter confidence or potential management changes.
What is IndiaMART InterMESH’s dividend yield?
IndiaMART InterMESH offers a dividend yield of 0.35%, which is relatively modest.
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Conclusion: Should you invest in IndiaMART InterMESH in 2024?
Investing in IndiaMART InterMESH in 2024 could be considered advantageous due to its strong market presence and consistent financial growth. The company has shown robust revenue and profit expansion over the past few years, indicating effective operational management and market leadership in India’s B2B digital space. Its nearly debt-free status and substantial market capitalization of ₹16,097 Crores reflect financial stability and investor confidence.
However, potential investors should note the stock’s current valuation, trading at 8.38 times its book value, which may suggest it is relatively high. Considering the company’s strong earnings growth and strategic position, cautious investors might find IndiaMART InterMESH a compelling long-term investment, albeit with awareness of market valuation dynamics.
What did we learn?
- 1 About IndiaMART InterMESH
- 2 How to purchase IndiaMART InterMESH Shares?
- 3 IndiaMART InterMESH Share Price Target: 2024 To 2030
- 3.1 IndiaMART InterMESH Share Price Target 2024
- 3.2 IndiaMART InterMESH Share Price Target 2025
- 3.3 IndiaMART InterMESH Share Price Target 2026
- 3.4 IndiaMART InterMESH Share Price Target 2027
- 3.5 IndiaMART InterMESH Share Price Target 2028
- 3.6 IndiaMART InterMESH Share Price Target 2029
- 3.7 IndiaMART InterMESH Share Price Target 2030
- 4 IndiaMART InterMESH Financial Condition: Last 5 Years
- 5 FAQs
- 6 Also Read:
- 7 Conclusion: Should you invest in IndiaMART InterMESH in 2024?
