IndiaMART InterMESH Ltd.

NSE: INDIAMART | BSE: 542726

Strong Performer, Getting Expensive

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2447.50 -25.60 (-1.04%)

28.81% Gain from 52W Low

72,238 NSE+BSE Volume

NSE 07 Nov, 2025 3:31 PM (IST)

14,692.9

Market Cap

Below industry Median

0.8

Beta 1Year

Low volatility

IndiaMART InterMESH Ltd. share price target and research reports

Latest analyst research reports with target prices and PDF download for INDIAMART, BSE:542726 IndiaMART InterMESH Ltd.

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IndiaMART InterMESH Ltd.

20 Oct 2025

2447.50

-1.04%

Result Update:Indiamart Inter.

buy

Hold: IndiaMART InterMESH Ltd.

Target

Axis Direct

We recommend HOLD a rating on the stock

IndiaMART InterMESH .. has an average target of 2826.75 from 4 brokers.

IndiaMART InterMESH Ltd.

17 Oct 2025

2447.50

-1.04%

Battling in familiar waters

buy

Buy: IndiaMART InterMESH Ltd.

Target

Motilal Oswal

IndiaMART (INMART) reported 2QFY26 revenue growth of 12% YoY vs. our estimate of 9.5% YoY growth. Deferred revenue rose 17% YoY to INR17.5b.

IndiaMART InterMESH .. has an average target of 2826.75 from 4 brokers.

IndiaMART InterMESH Ltd.

21 Jul 2025

2447.50

-1.04%

Result Update:Indiamart Inter.

buy

Hold: IndiaMART InterMESH Ltd.

Recommendation Target

Axis Direct

We resume our coverage with a HOLD rating on the stock.

IndiaMART InterMESH Ltd. is trading below its 50 day SMA of 2461.7

IndiaMART InterMESH Ltd.

20 Jul 2025

2447.50

-1.04%

Ad-spends drive up unique enquiries; churn still not in control

buy

Hold: IndiaMART InterMESH Ltd.

Recommendation Target

ICICI Securities Limited

Management dialled up ad spends, targeting buyers on the platform. This led to ~7% YoY increase in traffic and ~17% YoY growth in unique business enquiries.

IndiaMART InterMESH .. has an average target of 2826.75 from 4 brokers.

IndiaMART InterMESH Ltd.

18 Jul 2025

2447.50

-1.04%

ARPU-led growth intact

buy

Buy: IndiaMART InterMESH Ltd.

Target

Motilal Oswal

IndiaMART (INMART) reported 1QFY26 revenue growth of 12% YoY vs. our estimate of 10% YoY growth. Deferred revenue rose 16% YoY to INR17b. EBITDA margin was down ~90bp QoQ to 36%, in line with our estimates of 36.4%.

IndiaMART InterMESH Ltd. is trading below its 50 day SMA of 2461.7

IndiaMART InterMESH Ltd.

17 Jul 2025

2447.50

-1.04%

Research Report

buy

Buy: IndiaMART InterMESH Ltd.

NDA Securities

This report presents a comprehensive equity research assessment of IndiaMART InterMESH Ltd., detailing its leadership in India’s B2B discovery ecosystem, expansion into SaaS-led productivitysolutions, and its asset-light, cash-rich financial model.

IndiaMART InterMESH Ltd. is trading below its 50 day SMA of 2461.7

IndiaMART InterMESH Ltd.

17 Jul 2025

2447.50

-1.04%

India’s Digital Procurement Backbone:

buy

Buy: IndiaMART InterMESH Ltd.

NDA Securities

As India’s 60 million+ MSMEs embrace digital-first work-flows, IndiaMART stands at the intersection of scale, simplicity, and software-led transformation.

IndiaMART InterMESH .. has an average target of 2826.75 from 4 brokers.

IndiaMART InterMESH Ltd.

21 Jan 2025

2447.50

-1.04%

Waiting for an upturn

buy

Buy: IndiaMART InterMESH Ltd.

Target

Motilal Oswal

IndiaMART (INMART) reported 3QFY25 revenue growth of 16% YoY/1.9% QoQ, in line with our estimate of 17.6% YoY growth. Collection growth was 10% YoY at INR3.6b.

IndiaMART InterMESH Ltd.'s price crossed below 50Day SMA today

IndiaMART InterMESH Ltd.

21 Oct 2024

2447.50

-1.04%

Result Update:Indiamart Inter.

buy

Buy: IndiaMART InterMESH Ltd.

Axis Direct

We maintain our BUY recommendation on the stock.

IndiaMART InterMESH Ltd.'s price crossed below 50Day SMA today

IndiaMART InterMESH Ltd.

21 Oct 2024

2447.50

-1.04%

Revenue in line, subdued collection growth; maintaining a Buy

buy

Buy: IndiaMART InterMESH Ltd.

Target

Anand Rathi

Despite the unexpectedly weak, ~5.6% y/y, collections growth to Rs3.6bn, IndiaMart’s Q2 revenue rose ~18% y/y, in line with our estimate.

IndiaMART InterMESH Ltd. is trading above its 200 day SMA of 2351.8

VOTE: Is IndiaMART InterMESH Ltd. worth buying?

180 Votes:

Buy 78.89%

Sell 12.22%

Hold 8.89%

RESEARCH REPORTS

Hold SEE REPORTS >

Buy SEE REPORTS >