5092.40 394.45 (8.40%)
The 3 reports from 2 analysts offering long term price targets for IndiaMART InterMESH Ltd. have an average target of 4215.00. The consensus estimate represents a downside of -17.23% from the last price of 5092.40.
|Summary||Date||Stock||Broker||Price at Reco.||Target||Price at reco|
Change since reco(%)
|2020-11-10||IndiaMART InterMESH .. +||Motilal Oswal||4985.95||5830.00||4985.95 (2.13%)||14.48||Buy|
IndiaMART posted a strong operational performance in 2Q, primarily led by a quicker-than-anticipated rebound in paid suppliers. Collections were up 73% sequentially, reaching 94% of pre-COVID levels. The company also showed great resilience in margins, curtailing its operating cost to INR815m, v/s an average quarterly run-rate of ~INR1.2b. This led to EBIT margins of 47%, v/s 23% in FY20. While we concur that margins are not sustainable at current levels, overall the company would see benefit from cost optimization and operating leverage....
|2020-09-19||IndiaMART InterMESH .. +||Motilal Oswal||4760.85||4760.85 (6.96%)||Buy|
Cost increase in the past three years has been pegged at 1318 % given zero advertisement expenses, while revenue growth has always exceeded 20 %, providing long-term operating leverage to the company. 35 % of buyers are from tier-1 cities, while 60 % of suppliers come from the top eight metros (where the paying supplier IndiaMART operates in a negative working capital cycle, led by upfront collections from sellers on the platform. However, we are confident of strong fundamental growth in b) the need for out-of-the-circle buyers, c) a strong network effect, d) >70 % market share in the underlying industry, e) the ability to increase ARPU on account of low price sensitivity, and f) high operating leverage. Led by market growth, the company has been able to grow the number of paid sellers at a CAGR of 15 % over the past three years.
|2020-06-23||IndiaMART InterMESH .. +||Rudra Shares and Stock Brokers Ltd||2367.75||2600.00||2367.75 (115.07%)||Target met||Buy|
Rudra Shares and Stock Brokers Ltd
IndiaMart is the market leader in its segment, provides largest online B2B Marketplace. Though, FY19-20 was quite challenging for the company owing to weakness in the overall economy. In addition, major customers include SME customers which are presently undergoing financial stress. However, amongst all this it is sitting at positive cash flows with negative working capital cycle which provides strength. The Company generated consolidated Cash Flow from Operations of `...
|2019-07-04||IndiaMART InterMESH .. +||Geojit BNP Paribas||Neutral|
Geojit BNP Paribas
platform on a daily basis. With increasing contribution in the number of ICICI Securities, Edelweiss Financial suppliers, the company expects its average revenue realization to grow Lead Manager Services Ltd, Jefferies India Pvt Ltd...
|2019-06-24||IndiaMART InterMESH .. +||Way2Wealth||IPO Avoid|
IndiaMART (IML) is India's largest online B2B marketplace for business products and services with approximately 60% market share of the online B2B classifieds space in India. IML primarily operates in product and supplier discovery marketplace i.e. www.indiamart.com or IndiaMART. IML earns revenues from the sale of subscription packages, from the sale of request for quote or RFQ credits, advertising from IndiaMART desktop, mobile optimised platforms and revenue from payment facilitation services. As of March 31, 2018, IML had 59.81mn registered buyers, and 4.72mn supplier storefronts in India. These Indian supplier store fronts had listed 50.13mn products, of which 75% of goods comprised products and 25% were...
|2019-06-24||IndiaMART InterMESH .. +||Ventura||Not Rated|
|2019-06-21||IndiaMART InterMESH .. +||HDFC Securities||IPO Note|
IndiaMART InterMESH Limited IPO Note Issue Open: June 24 June 26, 2019, Price Band: Rs. 970 973 (discount of Rs.97 to eligible employees), Issue Size: 4,887,862 eq shares (Entirely Offer for sale) , Offer Size: Rs.474.41 crs 475.5 crs
|2019-06-21||IndiaMART InterMESH .. +||BP Wealth||IPO Avoid|
Indiamart Intermesh Limited (IIL) incorporated in 1999 is India's largest online B2B marketplaces for business products and services with approximately 60% market share of the online B2B classifieds space in India. Company provides 82.70mn registered buyers with access to 5.55 million supplier storefronts in India, which list 60.73mn products and services across 54 industries. It provides a robust two way discovery marketplace connecting buyers and suppliers. Buyers locate suppliers on its marketplace, including both Indian small and medium enterprise or SMEs and large corporates,...