|
22 Jul 2025 |
IndiaMART InterMESH
|
Consensus Share Price Target
|
2600.20 |
2654.10 |
- |
2.07 |
hold
|
|
|
|
|
21 Jul 2025
|
IndiaMART InterMESH
|
Axis Direct
|
2600.20
|
2880.00
|
2600.20
|
10.76 |
Hold
|
|
|
We resume our coverage with a HOLD rating on the stock.
|
|
17 Jul 2025
|
IndiaMART InterMESH
|
NDA Securities
|
2600.20
|
3297.00
|
2658.90
(-2.21%)
|
26.80 |
Buy
|
|
|
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.
|
|
21 Jan 2025
|
IndiaMART InterMESH
|
Motilal Oswal
|
2600.20
|
2600.00
|
2294.85
(13.31%)
|
Target met |
Buy
|
|
|
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.
|
|
21 Oct 2024
|
IndiaMART InterMESH
|
Axis Direct
|
2600.20
|
3620.00
|
2508.60
(3.65%)
|
39.22 |
Buy
|
|
|
We maintain our BUY recommendation on the stock.
|
|
21 Oct 2024
|
IndiaMART InterMESH
|
Anand Rathi
|
2600.20
|
3100.00
|
2508.60
(3.65%)
|
19.22 |
Buy
|
|
|
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.
|
|
20 Oct 2024
|
IndiaMART InterMESH
|
Motilal Oswal
|
2600.20
|
3500.00
|
3013.15
(-13.70%)
|
34.61 |
Buy
|
|
|
IndiaMART (INMART) reported 2QFY25 revenue growth of 18% YoY/5% QoQ, in line with our estimate of 18.8% YoY growth.
|
|
01 Aug 2024
|
IndiaMART InterMESH
|
Keynote Capitals Ltd
|
2600.20
|
2769.00
|
2848.15
(-8.71%)
|
Target met |
Sell
|
|
|
Quarterly Update Q1FY25
|
|
31 Jul 2024
|
IndiaMART InterMESH
|
Motilal Oswal
|
2600.20
|
3800.00
|
2944.85
(-11.70%)
|
46.14 |
Buy
|
|
|
IndiaMART (INMART) delivered a decent 1QFY25 performance, with revenue rising 17% YoY/5% QoQ, above consensus estimates.
|
|
31 Jul 2024
|
IndiaMART InterMESH
|
Axis Direct
|
2600.20
|
3620.00
|
2944.85
(-11.70%)
|
39.22 |
Buy
|
|
|
Given the company's strong growth potential backed by a robust product profile with a leading market share and superior execution capabilities, we maintain our BUY recommendation on the stock.
|
|
03 May 2024
|
IndiaMART InterMESH
|
Keynote Capitals Ltd
|
2600.20
|
2563.00
|
2799.65
(-7.12%)
|
Target met |
Sell
|
|
|
Quarterly Update Q4FY24
|
|
02 May 2024
|
IndiaMART InterMESH
|
Axis Direct
|
2600.20
|
3000.00
|
2861.05
(-9.12%)
|
Target met |
Buy
|
|
|
Given the company's strong growth potential backed by a robust product profile with a leading market share and superior execution capabilities, we maintain our BUY recommendation on the stock.
|
|
02 May 2024
|
IndiaMART InterMESH
|
Anand Rathi
|
2600.20
|
3250.00
|
2861.05
(-9.12%)
|
|
Buy
|
|
|
While its cash collection grew 16% y/y to Rs4.8bn, IndiaMart’s Q4 FY24 17.1% y/y revenue growth came in line with our estimate.
|
|
19 Jan 2024
|
IndiaMART InterMESH
|
Motilal Oswal
|
2600.20
|
3000.00
|
2633.50
(-1.26%)
|
Target met |
Buy
|
|
|
|
|
19 Jan 2024
|
IndiaMART InterMESH
|
Axis Direct
|
2600.20
|
3000.00
|
2633.50
(-1.26%)
|
Target met |
Buy
|
|
|
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.
|
|
19 Jan 2024
|
IndiaMART InterMESH
|
Keynote Capitals Ltd
|
2600.20
|
2590.00
|
2633.50
(-1.26%)
|
Target met |
Sell
|
|
|
Quarterly Update Q3FY24
|
|
30 Oct 2023
|
IndiaMART InterMESH
|
Axis Direct
|
2600.20
|
3625.00
|
2634.40
(-1.30%)
|
|
Buy
|
|
|
We recommend a BUY rating on the stock and assign a 40x P/E multiple to its FY25E earnings of Rs 90.76/share to arrive at a TP of Rs 3,625/share, implying an upside of 31% from the CMP.
|
|
30 Oct 2023
|
IndiaMART InterMESH
|
Keynote Capitals Ltd
|
2600.20
|
2612.00
|
2634.40
(-1.30%)
|
Target met |
Sell
|
|
|
Quarterly Update Q2FY24
|
|
29 Oct 2023
|
IndiaMART InterMESH
|
ICICI Securities Limited
|
2600.20
|
3500.00
|
2771.50
(-6.18%)
|
|
Buy
|
|
|
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.
|
|
29 Jul 2023
|
IndiaMART InterMESH
|
Axis Direct
|
2600.20
|
3430.00
|
3112.40
(-16.46%)
|
|
Buy
|
|
|
Recommendation: We recommend a BUY with TP of Rs. 3,430/share, implying an upside of 11% from the CMP.
|
|
24 Jul 2023
|
IndiaMART InterMESH
|
Keynote Capitals Ltd
|
2600.20
|
2738.00
|
3046.60
(-14.65%)
|
Target met |
Sell
|
|
|
Quarterly Update Q1FY24
|