INDIAMART

Indiamart Intermesh Limited

B2B online marketplace connecting buyers and sellers

Consumer Discretionary›Consumer Services›Retailing›Internet & Catalogue Retail

indiamart.com(opens the company website in a new tab)
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Key metrics

Price as of 2026-10-16

Stock price
₹1627.20
Market cap
9,777 Cr
Stock P/E
19.8
P/B
4.07
Dividend yield
3.1%
ROE (FY26)
19.8%
ROCE (FY26)
27.1%
Operating margin (FY26)
32.0%
OCF / EBITDA (FY26)
131.0%
OCF / EBITDA (3Y)
135.6%

Full years shown; sign in free for the trailing twelve months. Learn about these metrics →

Price & valuation

Share price and valuation multiples (P/E, P/B and more) over time.

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Compare with peers

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What you need to know

IndiaMART runs a business-to-business online marketplace where buyers search for products and send enquiries, and suppliers pay subscriptions to be listed and to receive those enquiries.

Company snapshot

2ndBy market cap

Ranked among 6 companies in Internet & Catalogue Retail.

Segment mix

Reportable segments as of 2024-12-31 (Consolidated). Revenue share = segment revenue ÷ total revenue.

Largest segment: 95.2% of revenue

SegmentRevenue shareRevenuePBTAssets
Accounting Software Services
4.8%
17 Cr-3 Cr644 Cr
Web and related services
95.2%
337 Cr142 Cr2,517 Cr

What we see

Positives
  • ✓Net margin of 30.3% — the business keeps a healthy share of every rupee it earns.
4 more signals from the filings.Sign in free to see them all

Statement tables · Consolidated

Switches quarterly, P&L, balance sheet, and cash flow. Key metrics and ratios stay on consolidated when available.

Amounts in ₹ Cr · tap + to expand rows

Quarterly results

Quarterly · ₹ Cr · tap + rows to expand

MetricSept 2023Dec 2023Mar 2024Jun 2024Sept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026Jun 2026
Sales295 Cr305 Cr315 Cr331 Cr348 Cr354 Cr355 Cr372 Cr391 Cr402 Cr404 Cr414 Cr
Operating expenses (approx.)215 Cr220 Cr226 Cr212 Cr213 Cr216 Cr225 Cr239 Cr261 Cr267 Cr272 Cr268 Cr
EBITDA80 Cr86 Cr88 Cr120 Cr135 Cr138 Cr130 Cr134 Cr130 Cr134 Cr133 Cr147 Cr
OPM %27.1%28.1%28.1%36.1%38.7%39.0%36.7%35.9%33.2%33.4%32.8%35.4%
Other income35 Cr42 Cr77 Cr53 Cr66 Cr45 Cr109 Cr92 Cr10 Cr135 Cr-34 Cr107 Cr
Interest2 Cr2 Cr2 Cr2 Cr2 Cr2 Cr2 Cr1 Cr0.70 Cr0.70 Cr0.60 Cr0.50 Cr
Depreciation8 Cr8 Cr13 Cr8 Cr8 Cr8 Cr8 Cr7 Cr7 Cr7 Cr7 Cr6 Cr
Profit before tax93 Cr110 Cr139 Cr151 Cr177 Cr159 Cr218 Cr204 Cr119 Cr247 Cr78 Cr232 Cr
Tax %25.6%25.3%28.4%24.7%23.8%23.9%17.2%24.7%30.3%23.8%36.0%25.7%
Net profit69 Cr82 Cr100 Cr114 Cr135 Cr121 Cr181 Cr154 Cr83 Cr188 Cr50 Cr172 Cr
EPS (₹)₹11.36₹13.66₹16.62₹19.00₹22.54₹20.18₹30.14₹25.59₹13.77₹31.37₹8.36₹28.66

Profit & loss (annual)

Annual · last column is TTM · ₹ Cr · tap + to expand

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales318 Cr411 Cr507 Cr639 Cr670 Cr754 Cr985 Cr1,197 Cr1,388 Cr1,569 CrSign in free for the trailing twelve months
Operating expenses (approx.)372 Cr364 Cr490 Cr470 Cr341 Cr446 Cr718 Cr865 Cr866 Cr1,039 CrSign in free for the trailing twelve months
EBITDA-54 Cr47 Cr17 Cr169 Cr328 Cr308 Cr268 Cr331 Cr523 Cr530 CrSign in free for the trailing twelve months
OPM %-17.1%11.4%3.4%26.4%49.0%40.8%27.2%27.7%37.7%33.8%Sign in free for the trailing twelve months
Other income14 Cr19 Cr41 Cr69 Cr87 Cr112 Cr181 Cr211 Cr272 Cr204 CrSign in free for the trailing twelve months
Interest19 Cr123 Cr—3 Cr7 Cr5 Cr8 Cr9 Cr7 Cr3 CrSign in free for the trailing twelve months
Depreciation5 Cr3 Cr4 Cr21 Cr16 Cr12 Cr31 Cr37 Cr33 Cr28 CrSign in free for the trailing twelve months
Profit before tax-64 Cr-60 Cr54 Cr212 Cr389 Cr391 Cr371 Cr454 Cr706 Cr648 CrSign in free for the trailing twelve months
Tax %-0.3%191.1%62.8%30.3%28.1%23.8%23.6%26.5%22.0%26.7%Sign in free for the trailing twelve months
Net profit-64 Cr55 Cr20 Cr147 Cr280 Cr298 Cr284 Cr334 Cr551 Cr475 CrSign in free for the trailing twelve months
EPS (₹)——₹7.75₹51.14₹96.15₹97.82₹92.96₹55.18₹91.84₹79.07Sign in free for the trailing twelve months
Dividend payout %————0.5%15.3%2.1%18.3%21.8%63.2%Sign in free for the trailing twelve months
Sign in free for the trailing twelve months

The latest four quarters added up, next to each full year

Balance sheet

Annual · ₹ Cr · tap + rows to expand

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity capital9 Cr10 Cr29 Cr29 Cr30 Cr31 Cr31 Cr60 Cr60 Cr60 Cr
Reserves-399 Cr-331 Cr131 Cr246 Cr1,581 Cr1,844 Cr2,028 Cr1,676 Cr2,125 Cr2,340 Cr
Borrowings——————————
Other liabilities611 Cr864 Cr661 Cr848 Cr901 Cr1,075 Cr1,386 Cr1,713 Cr1,948 Cr2,224 Cr
Total liabilities221 Cr543 Cr821 Cr1,123 Cr2,512 Cr2,949 Cr3,445 Cr3,449 Cr4,134 Cr4,625 Cr
Fixed assets (net)7 Cr7 Cr8 Cr85 Cr65 Cr56 Cr54 Cr48 Cr33 Cr21 Cr
CWIP0.18 Cr0.18 Cr0.18 Cr0.20 Cr0.20 Cr0.20 Cr0.20 Cr0.50 Cr0 Cr0 Cr
Investments136 Cr311 Cr607 Cr902 Cr2,254 Cr2,722 Cr2,783 Cr2,746 Cr3,453 Cr3,792 Cr
Loans & advances———1 Cr71 Cr45 Cr6 Cr11 Cr13 Cr0.60 Cr
Trade receivables0.53 Cr0.68 Cr0.57 Cr2 Cr1 Cr1 Cr7 Cr5 Cr4 Cr6 Cr
Cash & bank18 Cr47 Cr40 Cr17 Cr40 Cr50 Cr58 Cr85 Cr74 Cr80 Cr
Other assets59 Cr177 Cr164 Cr116 Cr80 Cr76 Cr536 Cr554 Cr557 Cr724 Cr
Total assets221 Cr543 Cr821 Cr1,123 Cr2,512 Cr2,949 Cr3,445 Cr3,449 Cr4,134 Cr4,625 Cr

Cash flows

Annual · ₹ Cr · tap + rows to expand · last column includes FCF

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from operating activity-0.58 Cr179 Cr255 Cr261 Cr323 Cr402 Cr476 Cr559 Cr623 Cr694 Cr
Cash from investing-8 Cr-165 Cr-276 Cr-233 Cr-1,338 Cr-335 Cr-324 Cr162 Cr-486 Cr-347 Cr
Cash from financing7 Cr15 Cr14 Cr-51 Cr1,038 Cr-57 Cr-143 Cr-695 Cr-148 Cr-340 Cr
Net cash flow-1 Cr29 Cr-7 Cr-23 Cr23 Cr9 Cr9 Cr27 Cr-11 Cr7 Cr
Free cash flow (OCF − Capex)-3 Cr177 Cr250 Cr256 Cr323 Cr400 Cr459 Cr545 Cr615 Cr687 Cr

Ratios

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROCE %——33.7%78.1%24.6%21.1%18.4%26.7%32.6%27.1%
ROE %——12.5%53.6%17.4%15.9%13.8%19.2%25.2%19.8%
Debtor days1101113111
Inventory days———0000000
Days payable353791089101077
Cash conversion cycle-34-37-9-9-8-8-7-9-6-6
OCF / EBITDA %—384.0%1494.0%154.3%98.3%130.7%177.6%168.7%119.2%131.0%
OCF / EBITDA % (3 years)——n.m.298.7%163.0%122.4%132.8%158.5%147.8%135.6%
Debt / equity—————0.00————
Current ratio0.861.211.711.884.413.712.762.222.402.34
Net debt / EBITDA—-1.00-2.35-0.10-0.12-0.16-0.22-0.26-0.14-0.15