NSEI:INDIAMART

Stock Analysis Report

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Executive Summary

IndiaMART InterMESH Limited operates an online B2B marketplace that connects buyers with suppliers in India and internationally. More Details


Snowflake Analysis

Flawless balance sheet with solid track record.


Similar Companies

Share Price & News

How has IndiaMART InterMESH's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: INDIAMART is not significantly more volatile than the rest of Indian stocks over the past 3 months, typically moving +/- 6% a week.

Volatility Over Time: INDIAMART's weekly volatility (6%) has been stable over the past year.


Market Performance


7 Day Return

-9.9%

INDIAMART

-2.7%

IN Trade Distributors

-2.2%

IN Market


1 Year Return

253.8%

INDIAMART

117.3%

IN Trade Distributors

15.2%

IN Market

Return vs Industry: INDIAMART exceeded the Indian Trade Distributors industry which returned 117.3% over the past year.

Return vs Market: INDIAMART exceeded the Indian Market which returned 15.2% over the past year.


Shareholder returns

INDIAMARTIndustryMarket
7 Day-9.9%-2.7%-2.2%
30 Day21.8%14.6%3.4%
90 Day49.7%53.5%21.5%
1 Year255.2%253.8%118.5%117.3%17.3%15.2%
3 Yearn/a106.7%59.9%7.2%2.0%
5 Yearn/a289.8%216.9%78.6%65.0%

Long-Term Price Volatility Vs. Market

How volatile is IndiaMART InterMESH's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is IndiaMART InterMESH undervalued compared to its fair value and its price relative to the market?

79.79x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: INDIAMART (₹7404.6) is trading above our estimate of fair value (₹1389.91)

Significantly Below Fair Value: INDIAMART is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: INDIAMART is poor value based on its PE Ratio (79.8x) compared to the IN Trade Distributors industry average (33.2x).

PE vs Market: INDIAMART is poor value based on its PE Ratio (79.8x) compared to the Indian market (19.1x).


Price to Earnings Growth Ratio

PEG Ratio: INDIAMART is poor value based on its PEG Ratio (7.2x)


Price to Book Ratio

PB vs Industry: INDIAMART is overvalued based on its PB Ratio (50.7x) compared to the IN Trade Distributors industry average (0.7x).


Next Steps

Future Growth

How is IndiaMART InterMESH forecast to perform in the next 1 to 3 years based on estimates from 6 analysts?

11.1%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: INDIAMART's forecast earnings growth (11.1% per year) is above the savings rate (7%).

Earnings vs Market: INDIAMART's earnings (11.1% per year) are forecast to grow slower than the Indian market (25.6% per year).

High Growth Earnings: INDIAMART's earnings are forecast to grow, but not significantly.

Revenue vs Market: INDIAMART's revenue (18.3% per year) is forecast to grow faster than the Indian market (12.2% per year).

High Growth Revenue: INDIAMART's revenue (18.3% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: INDIAMART's Return on Equity is forecast to be very high in 3 years time (40.7%).


Next Steps

Past Performance

How has IndiaMART InterMESH performed over the past 5 years?

58.9%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: INDIAMART has a large one-off gain of ₹641.6M impacting its December 31 2020 financial results.

Growing Profit Margin: INDIAMART's current net profit margins (39.2%) are higher than last year (21.6%).


Past Earnings Growth Analysis

Earnings Trend: INDIAMART has become profitable over the past 5 years, growing earnings by 58.9% per year.

Accelerating Growth: INDIAMART's earnings growth over the past year (104.2%) exceeds its 5-year average (58.9% per year).

Earnings vs Industry: INDIAMART earnings growth over the past year (104.2%) exceeded the Trade Distributors industry -18.6%.


Return on Equity

High ROE: INDIAMART's Return on Equity (63.6%) is considered outstanding.


Next Steps

Financial Health

How is IndiaMART InterMESH's financial position?


Financial Position Analysis

Short Term Liabilities: INDIAMART's short term assets (₹10.7B) exceed its short term liabilities (₹4.7B).

Long Term Liabilities: INDIAMART's short term assets (₹10.7B) exceed its long term liabilities (₹3.2B).


Debt to Equity History and Analysis

Debt Level: INDIAMART is debt free.

Reducing Debt: INDIAMART currently has no debt however we can't compare to 5 years ago as we have no data for that period.

Debt Coverage: INDIAMART has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: INDIAMART has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet


Next Steps

Dividend

What is IndiaMART InterMESH current dividend yield, its reliability and sustainability?

0.14%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: INDIAMART's dividend (0.14%) isn’t notable compared to the bottom 25% of dividend payers in the Indian market (0.44%).

High Dividend: INDIAMART's dividend (0.14%) is low compared to the top 25% of dividend payers in the Indian market (1.87%).


Stability and Growth of Payments

Stable Dividend: INDIAMART is not paying a notable dividend for the Indian market, therefore no need to check if payments are stable.

Growing Dividend: INDIAMART is not paying a notable dividend for the Indian market, therefore no need to check if payments are increasing.


Current Payout to Shareholders

Dividend Coverage: INDIAMART is not paying a notable dividend for the Indian market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of INDIAMART's dividend in 3 years as they are not forecast to pay a notable one for the Indian market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

13.5yrs

Average management tenure


CEO

Dinesh Agarwal (51 yo)

21.33yrs

Tenure

₹46,188,924

Compensation

Mr. Dinesh Chandra Agarwal founded IndiaMART InterMESH Limited in 1999 and serves as its Chief Executive Officer, Managing Director and Executive Director since September 13, 1999. He has experience in the...


CEO Compensation Analysis

Compensation vs Market: Dinesh's total compensation ($USD630.99K) is about average for companies of similar size in the Indian market ($USD711.85K).

Compensation vs Earnings: Dinesh's compensation has been consistent with company performance over the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Dinesh Agarwal
Founder21.33yrs₹46.19m30.81%
₹ 67.0b
Brijesh Agrawal
Co-Founder & Whole-Time Director21.33yrs₹33.47m21.17%
₹ 46.0b
Prateek Chandra
Chief Financial Officer5.75yrs₹52.75m0.35%
₹ 758.8m
Dinesh Gulati
Chief Operating Officerno data₹82.42m1.25%
₹ 2.7b
Sudhir Gupta
Senior Vice President of Finance and Accountsno data₹20.63m0.064%
₹ 138.8m
Manoj Bhargava
Senior VP of Legal & Secretarialno data₹10.21m0.0029%
₹ 6.2m
Devendra Singh
Senior Vice Presidentno data₹13.53m0.069%
₹ 149.3m
Abhishek Bhartia
Senior Vice Presidentno data₹10.76m0.32%
₹ 697.3m
Amit Jain
Senior Vice Presidentno data₹10.60m0.094%
₹ 205.2m
Amarinder Dhaliwal
Chief Product Officer4.33yrs₹28.30m0.11%
₹ 239.8m
Sumit Bedi
Vice President of Marketingno datano data0.0088%
₹ 19.0m
Mudit Khosla
Senior Vice President of Brand Solutions Groupno datano datano data

13.5yrs

Average Tenure

45.5yo

Average Age

Experienced Management: INDIAMART's management team is seasoned and experienced (13.5 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Dinesh Agarwal
Founder21.33yrs₹46.19m30.81%
₹ 67.0b
Brijesh Agrawal
Co-Founder & Whole-Time Director21.33yrs₹33.47m21.17%
₹ 46.0b
Rajesh Sawhney
Non-Executive Independent Director10yrs₹600.00k0.020%
₹ 44.2m
Vivek Gour
Non-Executive Independent Director2.75yrs₹560.00k0.034%
₹ 73.5m
Elizabeth Chapman
Non-Executive Independent Director6yrs₹250.00kno data
Amit Behl
Observerno datano datano data
Dhruv Prakash
Non-Independent Non-Executive Director5.25yrs₹680.00k0.090%
₹ 195.6m

8.0yrs

Average Tenure

52.5yo

Average Age

Experienced Board: INDIAMART's board of directors are considered experienced (8 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: INDIAMART insiders have sold more shares than they have bought in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

IndiaMART InterMESH Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: IndiaMART InterMESH Limited
  • Ticker: INDIAMART
  • Exchange: NSEI
  • Founded: 1996
  • Industry: Trading Companies and Distributors
  • Sector: Capital Goods
  • Market Cap: ₹217.405b
  • Shares outstanding: 29.12m
  • Website: https://www.indiamart.com

Number of Employees


Location

  • IndiaMART InterMESH Limited
  • Assotech Business Cresterra
  • 6th Floor, Tower 2
  • Noida
  • Uttar Pradesh
  • 201305
  • India

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
542726BSE (Mumbai Stock Exchange)YesEqutiy SharesININRJul 2019
INDIAMARTNSEI (National Stock Exchange of India)YesEqutiy SharesININRJul 2019

Biography

IndiaMART InterMESH Limited operates an online B2B marketplace that connects buyers with suppliers in India and internationally. Its platform serves small and medium enterprises, large enterprises, and ind...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/01/19 12:03
End of Day Share Price2021/01/19 00:00
Earnings2020/12/31
Annual Earnings2020/03/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.