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24 Jul 2025 |
IndiaMART InterMESH
|
Consensus Share Price Target
|
2621.00 |
2654.10 |
- |
1.26 |
hold
|
|
|
|
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29 Jul 2023
|
IndiaMART InterMESH
|
Axis Direct
|
2621.00
|
3430.00
|
3112.40
(-15.79%)
|
|
Buy
|
|
|
Recommendation: We recommend a BUY with TP of Rs. 3,430/share, implying an upside of 11% from the CMP.
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|
24 Jul 2023
|
IndiaMART InterMESH
|
Keynote Capitals Ltd
|
2621.00
|
2738.00
|
3046.60
(-13.97%)
|
Target met |
Sell
|
|
|
Quarterly Update Q1FY24
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|
24 Jul 2023
|
IndiaMART InterMESH
|
Axis Direct
|
2621.00
|
3625.00
|
3046.60
(-13.97%)
|
|
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
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|
21 Jul 2023
|
IndiaMART InterMESH
|
ICICI Securities Limited
|
2621.00
|
3500.00
|
2900.50
(-9.64%)
|
|
Buy
|
|
|
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.
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|
09 May 2023
|
IndiaMART InterMESH
|
ICICI Securities Limited
|
2621.00
|
7000.00
|
5985.65
(-56.21%)
|
Pre-Bonus/ Split |
Buy
|
|
|
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).
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|
09 May 2023
|
IndiaMART InterMESH
|
ICICI Securities Limited
|
2621.00
|
7000.00
|
5985.65
(-56.21%)
|
Pre-Bonus/ Split |
Buy
|
|
|
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).
|
|
02 May 2023
|
IndiaMART InterMESH
|
Axis Direct
|
2621.00
|
6170.00
|
5628.15
(-53.43%)
|
Pre-Bonus/ Split |
Buy
|
|
|
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.
|
|
02 May 2023
|
IndiaMART InterMESH
|
Keynote Capitals Ltd
|
2621.00
|
5824.00
|
5628.15
(-53.43%)
|
Target met |
Neutral
|
|
|
Quarterly Update Q4FY23
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|
23 Jan 2023
|
IndiaMART InterMESH
|
Axis Direct
|
2621.00
|
5280.00
|
4594.95
(-42.96%)
|
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.
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|
22 Jan 2023
|
IndiaMART InterMESH
|
Motilal Oswal
|
2621.00
|
5500.00
|
4549.60
(-42.39%)
|
Target met |
Buy
|
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|