NSE: INDIAMART | BSE: 542726

Mid-range Performer

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2467.60 -55.40 (-2.20%)

29.87% Gain from 52W Low

84,869 NSE+BSE Volume

NSE 19 Sep, 2025 2:14 PM (IST)

14,813.5

Market Cap

Below industry Median

0.9

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.

IndiaMART InterMESH Ltd.

29 Oct 2023

2467.60

-2.20%

Price-led customer pushback strains Q2FY24

Buy: IndiaMART InterMESH Ltd.

ICICI Securities Limited

In Q2FY24, IndiaMart added ~2K (net adds.) paying subscribers (~4.7K in Q1FY24). This was significantly lower than expectations (I-Sec est.: 5.5K) and management outlook shared in Q1FY24 conference call. The shortfall was attributed to muted gross additions in response to price hikes taken in May’23.

IndiaMART InterMESH Ltd.'s price crossed below 100Day SMA today

IndiaMART InterMESH Ltd.

29 Jul 2023

2467.60

-2.20%

Pick of the Week:31 JULY 2023

Buy: IndiaMART InterMESH Ltd.

Target

Axis Direct

Recommendation: We recommend a BUY with TP of Rs. 3,430/share, implying an upside of 11% from the CMP.

Number of FII/FPI investors increased from 263 to 288 in Jun 2025 qtr.

IndiaMART InterMESH Ltd.

24 Jul 2023

2467.60

-2.20%

IndiaMART InterMESH Limited

Sell: IndiaMART InterMESH Ltd.

Keynote Capitals Ltd

Quarterly Update Q1FY24

IndiaMART InterMESH Ltd.'s price crossed below 100Day SMA today

IndiaMART InterMESH Ltd.

24 Jul 2023

2467.60

-2.20%

Result Update:Indiamart Inter.

Buy: IndiaMART InterMESH Ltd.

Axis Direct

Given the company's strong growth potential backed by a robust product profile with leading market share and superior execution capabilities, we maintain our BUY recommendation on the stock

IndiaMART InterMESH Ltd. has gained 21.22% in the last 6 Months

IndiaMART InterMESH Ltd.

21 Jul 2023

2467.60

-2.20%

Mixed Q1 result; near term margin guidance key to watch out

Buy: IndiaMART InterMESH Ltd.

ICICI Securities Limited

IndiaMART’s strong revenue growth trajectory was maintained in Q1FY24 with ~26% YoY revenue growth. However, new subscriber addition was significantly lower than expectations (4,993 vs I-Sec. est. of 8,000). Our channel checks indicate >10% price increases were taken in base packages (price sensitive) mid-Q1FY24.

IndiaMART InterMESH Ltd. is trading above its 200 day SMA of 2336.1

IndiaMART InterMESH Ltd.

09 May 2023

2467.60

-2.20%

Another strong quarter; improving outlook

Buy: IndiaMART InterMESH Ltd.

Target

ICICI Securities Limited

IndiaMART’s Q4FY23 revenue growth was driven by a combination of increasing
ARPU (led by mix improvement) and paying subscribers (increasing penetration). Management also indicated robust renewals in the premium subscriber segments and sounded confident (more than earlier) of continued strong growth in FY24 (addition of 8k-9k paying suppliers expected per quarter).

IndiaMART InterMESH .. has an average target of 2981.40 from 5 brokers.

IndiaMART InterMESH Ltd.

09 May 2023

2467.60

-2.20%

Another strong quarter; improving outlook

Buy: IndiaMART InterMESH Ltd.

Target

ICICI Securities Limited

Number of FII/FPI investors increased from 263 to 288 in Jun 2025 qtr.

IndiaMART InterMESH Ltd.

02 May 2023

2467.60

-2.20%

Result Update:Indiamart Inter.

Buy: IndiaMART InterMESH Ltd.

Target

Axis Direct

Company Outlook & Guidance: Employee cost to moderate going ahead which will help the company in improving its operating margins profile. The outlook on revenue growth momentum still remains strong.

IndiaMART InterMESH .. has an average target of 2981.40 from 5 brokers.

IndiaMART InterMESH Ltd.

02 May 2023

2467.60

-2.20%

IndiaMART InterMESH Limited

Neutral: IndiaMART InterMESH Ltd.

Recommendation Target

Keynote Capitals Ltd

Quarterly Update Q4FY23

IndiaMART InterMESH Ltd. is trading below its 30 day SMA of 2579.9

IndiaMART InterMESH Ltd.

23 Jan 2023

2467.60

-2.20%

Result Update:Indiamart Inter.

Buy: IndiaMART InterMESH Ltd.

Axis Direct

Given the company's strong growth potential backed by a robust product profile with leading market share and superior execution capabilities, we maintain our BUY recommendation on the stock.

Number of FII/FPI investors increased from 263 to 288 in Jun 2025 qtr.

VOTE: Is IndiaMART InterMESH Ltd. worth buying?

179 Votes:

Buy 79.33%

Sell 12.29%

Hold 8.38%

RESEARCH REPORTS

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Hold SEE REPORTS >

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