IndiaMART InterMESH Limited Just Beat EPS By 13%: Here's What Analysts Think Will Happen Next

Last week saw the newest yearly earnings release from IndiaMART InterMESH Limited (NSE:INDIAMART), an important milestone in the company's journey to build a stronger business. Revenues were ₹14b, approximately in line with expectations, although statutory earnings per share (EPS) performed substantially better. EPS of ₹91.59 were also better than expected, beating analyst predictions by 13%. Earnings are an important time for investors, as they can track a company's performance, look at what the analysts are forecasting for next year, and see if there's been a change in sentiment towards the company. We thought readers would find it interesting to see the analysts latest (statutory) post-earnings forecasts for next year.

We've discovered 2 warning signs about IndiaMART InterMESH. View them for free.

After the latest results, the 16 analysts covering IndiaMART InterMESH are now predicting revenues of ₹15.4b in 2026. If met, this would reflect a decent 11% improvement in revenue compared to the last 12 months. Statutory earnings per share are expected to dip 6.8% to ₹85.61 in the same period. Before this earnings report, the analysts had been forecasting revenues of ₹15.6b and earnings per share (EPS) of ₹84.85 in 2026. The consensus analysts don't seem to have seen anything in these results that would have changed their view on the business, given there's been no major change to their estimates.

View our latest analysis for IndiaMART InterMESH

The analysts reconfirmed their price target of ₹2,467, showing that the business is executing well and in line with expectations. That's not the only conclusion we can draw from this data however, as some investors also like to consider the spread in estimates when evaluating analyst price targets. The most optimistic IndiaMART InterMESH analyst has a price target of ₹3,183 per share, while the most pessimistic values it at ₹1,705. As you can see, analysts are not all in agreement on the stock's future, but the range of estimates is still reasonably narrow, which could suggest that the outcome is not totally unpredictable.

Another way we can view these estimates is in the context of the bigger picture, such as how the forecasts stack up against past performance, and whether forecasts are more or less bullish relative to other companies in the industry. We would highlight that IndiaMART InterMESH's revenue growth is expected to slow, with the forecast 11% annualised growth rate until the end of 2026 being well below the historical 18% p.a. growth over the last five years. Juxtapose this against the other companies in the industry with analyst coverage, which are forecast to grow their revenues (in aggregate) 3.8% per year. So it's pretty clear that, while IndiaMART InterMESH's revenue growth is expected to slow, it's still expected to grow faster than the industry itself.

The Bottom Line

The most obvious conclusion is that there's been no major change in the business' prospects in recent times, with the analysts holding their earnings forecasts steady, in line with previous estimates. Happily, there were no major changes to revenue forecasts, with the business still expected to grow faster than the wider industry. There was no real change to the consensus price target, suggesting that the intrinsic value of the business has not undergone any major changes with the latest estimates.

Keeping that in mind, we still think that the longer term trajectory of the business is much more important for investors to consider. We have forecasts for IndiaMART InterMESH going out to 2028, and you can see them free on our platform here.

However, before you get too enthused, we've discovered 2 warning signs for IndiaMART InterMESH that you should be aware of.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.