Name: Latest research reports of IndiaMART InterMESH Ltd. authored by Axis Direct and published by - Trendlyne research reports.
Item: IndiaMART InterMESH Ltd.
Rating: 3
Author: Axis Direct

Summary	Date	Stock	Author	LTP	Target	Price at reco (Change since reco%)	Upside(%)	Type	Report	Discuss
	04 Sep 2026	IndiaMART InterMESH	Consensus Share Price Target	1729.50	2093.72	-	21.06	hold	pdf Detailed Estimates
	22 Jul 2026	IndiaMART InterMESH	Axis Direct Target	1729.50	2060.00	1820.00 (-4.97%)	19.11	Hold	pdf post cache	Broker Report Result Update:Indiamart Inter. Axis Direct We maintain our HOLD rating on the stock. pdf Copy Link Share on Share on Share on Share on Alert
	22 Jul 2026	IndiaMART InterMESH	ICICI Securities Limited Reco Target	1729.50	2300.00	1820.00 (-4.97%)	32.99	Buy	pdf post cache	Broker Report Valuation comfort makes us bullish as core customers drive growth; lending optionality could play out 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. pdf Copy Link Share on Share on Share on Share on Alert
	21 Jul 2026	IndiaMART InterMESH	Motilal Oswal Target	1729.50	2250.00	1918.00 (-9.83%)	30.10	Buy	pdf post cache	Broker Report Weathering familiar headwinds 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%. pdf Copy Link Share on Share on Share on Share on Alert
	04 May 2026	IndiaMART InterMESH	Axis Direct Target	1729.50	2235.00	2094.50 (-17.43%)	29.23	Hold	pdf post cache	Broker Report Result Update:Indiamart Inter. Axis Direct We recommend a HOLD rating on the stock. pdf Copy Link Share on Share on Share on Share on Alert
	02 May 2026	IndiaMART InterMESH	Motilal Oswal Target	1729.50	2500.00	2103.60 (-17.78%)	44.55	Buy	pdf post cache	Broker Report ARPU doing the heavy lifting 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. pdf Copy Link Share on Share on Share on Share on Alert
	20 Jan 2026	IndiaMART InterMESH	Motilal Oswal Target	1729.50	2750.00	2141.80 (-19.25%)	59.01	Buy	pdf post cache	Broker Report Holding the course 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%. pdf Copy Link Share on Share on Share on Share on Alert
	20 Oct 2025	IndiaMART InterMESH	Axis Direct Target	1729.50	2530.00	2334.70 (-25.92%)	46.29	Hold	pdf post cache	Broker Report Result Update:Indiamart Inter. Axis Direct We recommend HOLD a rating on the stock pdf Copy Link Share on Share on Share on Share on Alert
	17 Oct 2025	IndiaMART InterMESH	Motilal Oswal Target	1729.50	2900.00	2344.10 (-26.22%)	67.68	Buy	pdf post cache	Broker Report Battling in familiar waters 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. pdf Copy Link Share on Share on Share on Share on Alert
	21 Jul 2025	IndiaMART InterMESH	Axis Direct Reco Target	1729.50	2880.00	2600.20 (-33.49%)		Hold	pdf post cache	Broker Report Result Update:Indiamart Inter. Axis Direct We resume our coverage with a HOLD rating on the stock. pdf Copy Link Share on Share on Share on Share on Alert
	20 Jul 2025	IndiaMART InterMESH	ICICI Securities Limited Reco Target	1729.50	2580.00	2652.60 (-34.80%)	Target met	Hold	pdf post cache	Broker Report Ad-spends drive up unique enquiries; churn still not in control 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. pdf Copy Link Share on Share on Share on Share on Alert
	18 Jul 2025	IndiaMART InterMESH	Motilal Oswal Target	1729.50	3050.00	2652.60 (-34.80%)		Buy	pdf post cache	Broker Report ARPU-led growth intact Motilal Oswal IndiaMART (INMART) reported 1QFY26 revenue growth of 12% YoY vs. our estimate of 10% YoY growth. Deferred revenue rose 16% YoY to INR17b. EBITDA margin was down ~90bp QoQ to 36%, in line with our estimates of 36.4%. pdf Copy Link Share on Share on Share on Share on Alert
	17 Jul 2025	IndiaMART InterMESH	NDA Securities	1729.50	3297.00	2626.70 (-34.16%)		Buy	pdf post cache	Broker Report India’s Digital Procurement Backbone: NDA Securities As India’s 60 million+ MSMEs embrace digital-first work-flows, IndiaMART stands at the intersection of scale, simplicity, and software-led transformation. pdf Copy Link Share on Share on Share on Share on Alert
	17 Jul 2025	IndiaMART InterMESH	NDA Securities	1729.50	3297.00	2658.90 (-34.95%)		Buy	pdf post cache	Broker Report Research Report NDA Securities 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. pdf Copy Link Share on Share on Share on Share on Alert
	21 Jan 2025	IndiaMART InterMESH	Motilal Oswal Target	1729.50	2600.00	2294.85 (-24.64%)	Target met	Buy	pdf post cache	Broker Report Waiting for an upturn Motilal Oswal 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. pdf Copy Link Share on Share on Share on Share on Alert
	21 Oct 2024	IndiaMART InterMESH	Anand Rathi Target	1729.50	3100.00	2508.60 (-31.06%)		Buy	pdf post cache	Broker Report Revenue in line, subdued collection growth; maintaining a Buy Anand Rathi 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. pdf Copy Link Share on Share on Share on Share on Alert
	21 Oct 2024	IndiaMART InterMESH	Axis Direct	1729.50	3620.00	2508.60 (-31.06%)		Buy	pdf post cache	Broker Report Result Update:Indiamart Inter. Axis Direct We maintain our BUY recommendation on the stock. pdf Copy Link Share on Share on Share on Share on Alert
	20 Oct 2024	IndiaMART InterMESH	Motilal Oswal Target	1729.50	3500.00	3013.15 (-42.60%)		Buy	pdf post cache	Broker Report Churn in lower-rung accounts persists Motilal Oswal IndiaMART (INMART) reported 2QFY25 revenue growth of 18% YoY/5% QoQ, in line with our estimate of 18.8% YoY growth. pdf Copy Link Share on Share on Share on Share on Alert
	01 Aug 2024	IndiaMART InterMESH	Keynote Capitals Ltd Target	1729.50	2769.00	2848.15 (-39.28%)	Target met	Sell	pdf post cache	Broker Report IndiaMART InterMESH Limited Keynote Capitals Ltd Quarterly Update Q1FY25 pdf Copy Link Share on Share on Share on Share on Alert
	31 Jul 2024	IndiaMART InterMESH	Axis Direct Target	1729.50	3620.00	2944.85 (-41.27%)		Buy	pdf post cache	Broker Report Result Update:Indiamart Inter. Axis Direct 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. pdf Copy Link Share on Share on Share on Share on Alert
	31 Jul 2024	IndiaMART InterMESH	Motilal Oswal Target	1729.50	3800.00	2944.85 (-41.27%)		Buy	pdf post cache	Broker Report Healthy quarter with beat on revenue and margins Motilal Oswal IndiaMART (INMART) delivered a decent 1QFY25 performance, with revenue rising 17% YoY/5% QoQ, above consensus estimates. pdf Copy Link Share on Share on Share on Share on Alert
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Near 52W Low of ₹1722.30

IndiaMART InterMESH Ltd. share price target

IndiaMART InterMESH Ltd. has an average share price target of 2203.33. The consensus estimate represents an upside of 27.40% from the last price of 1729.50. View 8 reports from 3 analysts offering long-term price targets for IndiaMART InterMESH Ltd..

Result Update:Indiamart Inter.

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

Weathering familiar headwinds

Result Update:Indiamart Inter.

ARPU doing the heavy lifting

Holding the course

Result Update:Indiamart Inter.

Battling in familiar waters

Result Update:Indiamart Inter.

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

ARPU-led growth intact

India’s Digital Procurement Backbone:

Research Report

Waiting for an upturn

Revenue in line, subdued collection growth; maintaining a Buy

Result Update:Indiamart Inter.

Churn in lower-rung accounts persists

IndiaMART InterMESH Limited

Result Update:Indiamart Inter.

Healthy quarter with beat on revenue and margins

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