NSE: INDIAMART | BSE: 542726

Mid-range Performer

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2449.30 -20.30 (-0.82%)

28.90% Gain from 52W Low

115.6K NSE+BSE Volume

NSE 22 Sep, 2025 3:31 PM (IST)

14,703.7

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.

30 Apr 2022

2449.30

-0.82%

Strong customer additions; growth to bump up in FY23E

Buy: IndiaMART InterMESH Ltd.

Target

Motilal Oswal

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

IndiaMART InterMESH Ltd.

14 Mar 2022

2449.30

-0.82%

Initiating Coverage:Indiamart Inter.

Buy: IndiaMART InterMESH Ltd.

Axis Direct

We assign 45x to the company's FY24E earnings of Rs 150 to arrive at the target price of Rs 6,800/share, implying an upside of 52% from the CMP.

IndiaMART InterMESH Ltd. is trading below its 30 day SMA of 2574.5

IndiaMART InterMESH Ltd.

26 Jan 2022

2449.30

-0.82%

Weaker-than-expected 3Q, but business fundamentals intact

Buy: IndiaMART InterMESH Ltd.

Target

Motilal Oswal

IndiaMART's 3QFY22 performance was weaker than expected led by lowerthan-anticipated revenue growth (at 8.4% YoY) and paid suppliers (up 6K QoQ, +5% YoY). Moreover, EBITDA margin (at 41.9%; down 370bp QoQ) contracted as employee cost shot up 25% YoY due to wage hikes and increased onboarding, while ARPU dipped 0.8% QoQ owing to higher share of suppliers within the lower value package, as business normalized. Conversely, collections remained encouraging at +25% YoY, suggesting good visibility on FY23 revenue growth. Similarly, deferred revenue also increased 25% YoY, which should support 20%+ revenue growth in FY23....

IndiaMART InterMESH Ltd. is trading below its 30 day SMA of 2574.5

IndiaMART InterMESH Ltd.

25 Jan 2022

2449.30

-0.82%

IndiaMart InterMesh (BUY): Below-expected Q3; retain BUY on deferred revenue growth

Buy: IndiaMART InterMESH Ltd.

Target

BOB Capital Markets Ltd.

Q3 revenue up 3% QoQ, short of our estimates due to weak ARPU growth

IndiaMART InterMESH Ltd. is trading below its 30 day SMA of 2574.5

IndiaMART InterMESH Ltd.

10 Nov 2021

2449.30

-0.82%

IndiaMart InterMesh (BUY): Correction offers a good opportunity; upgrade to BUY

Buy: IndiaMART InterMESH Ltd.

Recommendation

BOB Capital Markets Ltd.

Stock looks attractive following ~25% correction from its Oct'21 peak upgrade from HOLD to BUY with unchanged TP of Rs 8,430

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

IndiaMART InterMESH Ltd.

23 Oct 2021, 12:00AM

2449.30

-0.82%

IndiaMart InterMesh (HOLD): In-line results; on course for growth recovery

Hold: IndiaMART InterMESH Ltd.

BOB Capital Markets Ltd.

Q2 performance in line as sales grew 12% YoY and EBITDA margin stood at 46%

IndiaMART InterMESH Ltd. is trading above its 200 day SMA of 2337.1

IndiaMART InterMESH Ltd.

23 Oct 2021, 12:00AM

2449.30

-0.82%

Strong collections to drive faster recovery

Buy: IndiaMART InterMESH Ltd.

Target

Motilal Oswal

IndiaMART delivered in line revenue and margin performance in 2QFY22. Paid suppliers increased by 4k (+3% QoQ and 6% YoY), while ARPU dipped by 2.6% QoQ due to a higher share of suppliers within a lower value package. Collections surged by 31% QoQ and 37% YoY, providing visibility on its near term revenue performance. We expect collections to continue to trend higher in coming quarters. Deferred revenue is up 4% QoQ and 20% YoY, which provides better visibility on FY23 revenue. Margin was in line, with EBITDA margin at 45.6% (est. 45.6%). Sequentially,...

IndiaMART InterMESH Ltd. is trading below its 30 day SMA of 2574.5

IndiaMART InterMESH Ltd.

12 Oct 2021

2449.30

-0.82%

IndiaMart InterMesh (HOLD): Takeaways from INMART management interaction

Hold: IndiaMART InterMESH Ltd.

BOB Capital Markets Ltd.

Pandemic-led boost to INMART's outsourced client acquisition model (DSA-based) has improved sales engine efficiency

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

IndiaMART InterMESH Ltd.

24 Jul 2021

2449.30

-0.82%

Blip on collections; expect faster recovery

Buy: IndiaMART InterMESH Ltd.

Target

Motilal Oswal

IndiaMART delivered in-line revenue performance in 1QFY22. The number of paid suppliers fell by 6k, impacted by lockdowns amid the second COVID wave. On the other hand, ARPU surged 5.8% QoQ on higher churn in lowpaying silver monthly suppliers. The decline in collections was restricted to 38% QoQ v/s a 53% QoQ drop in 1QFY21. The sharp rebound in FY21 collections (post the drop in 1QFY21) reassures us of a quick rebound in...

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

IndiaMART InterMESH Ltd.

19 Jan 2021

2449.30

-0.82%

Higher resilience in margin offers a positive outlook

Buy: IndiaMART InterMESH Ltd.

Target

Motilal Oswal

IndiaMART delivered strong operational performance during 3QFY21, led by robust increase in paid suppliers (at 7k v/s their target range of ~5k). Collections were up 9% sequentially but flat on a YoY basis. Margin showed great resilience, with the company reporting the highest...

IndiaMART InterMESH Ltd. is trading above its 200 day SMA of 2337.1

VOTE: Is IndiaMART InterMESH Ltd. worth buying?

179 Votes:

Buy 79.33%

Sell 12.29%

Hold 8.38%

RESEARCH REPORTS

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