NSE: INDIAMART | BSE: 542726

Slowing Down Stock

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1635.10 -36.80 (-2.20%)

New 52W Low today

82,985 NSE+BSE Volume

NSE 10 Sep, 2026 12:00 PM (IST)

9,834

Market Cap

Above industry Median

Beta 1Year

Very 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.

22 Jul 2026

1635.10

-2.20%

Valuation comfort makes us bullish as core customers drive growth; lending optionality could play out

Buy: IndiaMART InterMESH Ltd.

Recommendation Target

ICICI Securities Limited

IndiaMART’s revenue grew 11.4% YoY as retention and upselling trends within the gold and platinum cohorts remained healthy. However, lower gross adds and high churn in the silver cohort led to a decline in paying suppliers by 2,000 QoQ.

IndiaMART InterMESH has lost -36.50% in the last 1 Year

IndiaMART InterMESH Ltd.

22 Jul 2026

1635.10

-2.20%

Result Update:Indiamart Inter.

Hold: IndiaMART InterMESH Ltd.

Target

Axis Direct

We maintain our HOLD rating on the stock.

IndiaMART InterMESH Ltd. is trading below all available SMAs

IndiaMART InterMESH Ltd.

21 Jul 2026

1635.10

-2.20%

Weathering familiar headwinds

Buy: IndiaMART InterMESH Ltd.

Target

Motilal Oswal

IndiaMART (INMART) reported a 1QFY27 revenue growth of 11% YoY vs. our estimate of 9.6% YoY growth. Deferred revenue rose 16% YoY to INR20b. EBITDA margin expanded ~260bp QoQ to 35.3%, above our estimate of 33%.

Number of FII/FPI investors decreased from 244 to 225 in Jun 2026 qtr

IndiaMART InterMESH Ltd.

04 May 2026

1635.10

-2.20%

Result Update:Indiamart Inter.

Hold: IndiaMART InterMESH Ltd.

Target

Axis Direct

We recommend a HOLD rating on the stock.

IndiaMART InterMESH has lost -25.12% in the last 6 Months

IndiaMART InterMESH Ltd.

02 May 2026

1635.10

-2.20%

ARPU doing the heavy lifting

Buy: IndiaMART InterMESH Ltd.

Target

Motilal Oswal

IndiaMART (INMART) reported a 4QFY26 revenue growth of 14% YoY vs. our estimate of 13% YoY growth. Deferred revenue rose 16% YoY to INR19.6b.

IndiaMART InterMESH has lost -36.50% in the last 1 Year

IndiaMART InterMESH Ltd.

20 Jan 2026

1635.10

-2.20%

Holding the course

Buy: IndiaMART InterMESH Ltd.

Target

Motilal Oswal

IndiaMART (INMART) reported 3QFY26 revenue growth of 13% YoY vs. our estimate of 11% YoY growth. Deferred revenue rose 17% YoY to INR17.5b. EBITDA margin expanded ~30bp QoQ to 33.5%, above our estimate of 31.1%.

Number of FII/FPI investors decreased from 244 to 225 in Jun 2026 qtr

IndiaMART InterMESH Ltd.

20 Oct 2025

1635.10

-2.20%

Result Update:Indiamart Inter.

Hold: IndiaMART InterMESH Ltd.

Target

Axis Direct

We recommend HOLD a rating on the stock

Number of FII/FPI investors decreased from 244 to 225 in Jun 2026 qtr

IndiaMART InterMESH Ltd.

17 Oct 2025

1635.10

-2.20%

Battling in familiar waters

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 2203.33 from 3 brokers.

IndiaMART InterMESH Ltd.

21 Jul 2025

1635.10

-2.20%

Result Update:Indiamart Inter.

Hold: IndiaMART InterMESH Ltd.

Recommendation Target

Axis Direct

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

IndiaMART InterMESH .. has an average target of 2203.33 from 3 brokers.

IndiaMART InterMESH Ltd.

20 Jul 2025

1635.10

-2.20%

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

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.

Number of FII/FPI investors decreased from 244 to 225 in Jun 2026 qtr

VOTE: Is IndiaMART InterMESH Ltd. worth buying?

190 Votes:

Buy 78.95%

Sell 12.11%

Hold 8.95%

RESEARCH REPORTS

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