IndiaMART, the first and largest B2B digital marketplace in the country, today stands out as a game-changer on the B2B landscape. It focuses on integrating the Small and Medium Businesses (SMEs) into the new paradigm with speed and ease, we are constantly pushing the frontiers of innovation to make the online marketplace more accessible, visible and engaging to them.[1]
Largest in the industry[1]The company commands nearly60% market shareof the online B2B classifieds space which makes it the largest player in the industry. It has a portfolio of ~7.9 million supplier storefronts, ~2,14,000 paying subscription suppliers,~108 mn live product listings, ~24 mn unique business enquiries & a total traffic of 252 million repeated users. The company has ~194 mn registered buyers with a repeat of 53%. CRM has ~136Mn replies & callbacks. 37% suppliers are buyers.
| S.No. | Name | Current Price (Rs.) | Price to Earning | Market Capitalization (Rs.Cr.) | Dividend yield (%) | Net Profit latest quarter (Rs.Cr.) | YOY Quarterly profit growth (%) | Sales latest quarter (Rs.Cr.) | YOY Quarterly sales growth (%) | Return on capital employed (%) | Sales (Rs.Cr.) | OPM (%) | Profit after tax (Rs.Cr.) | Profit after tax latest quarter (Rs.Cr.) | Price to book value | Return on assets (%) | Debt to equity |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1. | Info Edg.(India) | 1335.80 | 65.74 | 86616.02 | 0.45 | 347.50 | 1813.56 | 805.45 | 14.93 | 3.00 | 3068.34 | 33.83 | 1317.50 | 298.44 | 1.78 | 1.31 | 0.01 |
| 2. | Indiamart Inter. | 2167.50 | 21.50 | 13023.89 | 1.38 | 83.50 | -34.25 | 360.30 | 8.59 | 37.68 | 1379.60 | 38.16 | 605.70 | 83.50 | 5.80 | 16.28 | 0.01 |
| 3. | Just Dial | 725.75 | 10.87 | 6172.12 | 0.00 | 119.44 | -22.48 | 303.07 | 6.40 | 7.11 | 1177.46 | 29.40 | 568.00 | 119.44 | 1.26 | 5.14 | 0.02 |
| 4. | Crizac | 276.00 | 26.75 | 4829.52 | 0.00 | 48.34 | 138.72 | 162.25 | 24.92 | 47.87 | 849.49 | 25.05 | 152.43 | 48.34 | 8.05 | 20.76 | 0.00 |
| 5. | Matrimony.com | 548.85 | 34.49 | 1183.51 | 0.91 | 7.76 | -41.03 | 114.59 | -0.79 | 19.41 | 449.67 | 10.05 | 34.31 | 7.76 | 4.79 | 9.40 | 0.22 |
| 6. | iStreet Network | 55.71 | 100.35 | 370.29 | 0.18 | 0.90 | 2350.00 | 18.65 | – | 150.00 | 37.92 | 4.93 | 3.69 | 0.90 | 72.80 | 6.38 | 0.00 |
| 7. | Jupiter Info. | 41.17 | – | 41.25 | 0.00 | -0.50 | -112.39 | 0.88 | 33.33 | 15.03 | 2.48 | -108.06 | -1.78 | -0.42 | 1.53 | 11.05 | 0.00 |
| – | Median: 6 Co. | 637.3 | 30.62 | 5500.82 | 0.32 | 65.92 | 58.12 | 232.66 | 8.59 | 28.55 | 1013.48 | 27.23 | 360.22 | 65.92 | 5.29 | 7.89 | 0.01 |
Standalone figures in ₹ crores
| Dec 2022 | Dec 2023 | Dec 2024 | Jun 2023 | Jun 2024 | Jun 2025 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2022 | Sep 2023 | Sep 2024 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Sales | 240 | 291 | 337 | 268 | 315 | 346 | 256 | 299 | 336 | 229 | 281 | 332 | 360 |
Expenses | 170 | 204 | 193 | 192 | 198 | 212 | 189 | 209 | 203 | 164 | 200 | 212 | 245 |
Operating Profit | 70 | 87 | 144 | 76 | 117 | 135 | 67 | 90 | 133 | 65 | 81 | 120 | 115 |
Other Income | 47 | 39 | 23 | 54 | 51 | 84 | 26 | 45 | 148 | 37 | 32 | 62 | 8 |
Profit before tax | 110 | 119 | 161 | 124 | 162 | 215 | 86 | 125 | 275 | 96 | 107 | 176 | 119 |
Tax % | 26% | 23% | 22% | 23% | 23% | 23% | 22% | 26% | 16% | 23% | 22% | 28% | 30% |
Net Profit | 82 | 92 | 125 | 95 | 124 | 166 | 68 | 92 | 231 | 74 | 83 | 127 | 84 |
EPS in Rs | 13.33 | 15.27 | 20.81 | 15.56 | 20.67 | 27.65 | 11.03 | 15.39 | 38.53 | 12.12 | 13.82 | 21.17 | 13.91 |
Standalone Figures in ₹ Crores / Yearly
| Mar 2013 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Sales | 126 | 173 | 246 | 309 | 404 | 497 | 624 | 665 | 751 | 939 | 1,139 | 1,320 | 1,380 |
Expenses | 133 | 212 | 293 | 331 | 595 | 483 | 451 | 332 | 439 | 677 | 805 | 807 | 853 |
Operating Profit | -7 | -39 | -47 | -23 | -191 | 14 | 173 | 333 | 312 | 262 | 334 | 513 | 526 |
Other Income | 1 | 23 | 8 | 14 | 7 | 36 | 62 | 85 | 108 | 108 | 170 | 284 | 263 |
Interest | 0 | 0 | 1 | 0 | 0 | 0 | 3 | 7 | 5 | 5 | 4 | 4 | 3 |
Depreciation | 3 | 3 | 3 | 4 | 3 | 4 | 21 | 16 | 12 | 19 | 25 | 21 | 17 |
Profit before tax | -9 | -19 | -43 | -13 | -187 | 46 | 210 | 396 | 403 | 345 | 475 | 773 | 769 |
Net Profit | -9 | -19 | -43 | -13 | -72 | 13 | 146 | 287 | 310 | 272 | 362 | 607 | 606 |
EPS in Rs | -4.81 | -10.37 | -23.58 | -7.16 | -36.22 | 2.20 | 25.30 | 47.23 | 50.71 | 44.48 | 60.39 | 101.15 | 100.90 |
Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 20% | 16% | 2% | 22% | 33% | 49% | – |
Standalone figures in ₹ crores
| Mar 2013 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 9 | 9 | 9 | 9 | 10 | 29 | 29 | 30 | 31 | 31 | 60 | 60 | 60 |
Reserves | -113 | -139 | -67 | -262 | -322 | 132 | 246 | 1,586 | 1,862 | 2,034 | 1,710 | 2,216 | 2,182 |
Borrowings | 49 | 49 | 66 | -0 | -0 | -0 | 77 | 63 | 56 | 46 | 41 | 33 | 28 |
Other Liabilities | 109 | 188 | 252 | 609 | 862 | 658 | 768 | 835 | 1,017 | 1,250 | 1,556 | 1,780 | 1,818 |
Total Liabilities | 55 | 107 | 260 | 356 | 550 | 819 | 1,119 | 2,516 | 2,965 | 3,361 | 3,367 | 4,090 | 4,088 |
Fixed Assets | 10 | 6 | 9 | 126 | 8 | 9 | 85 | 65 | 56 | 53 | 47 | 33 | 27 |
Gross Block | 35.17 | 33.41 | 39.23 | 132.76 | 134.88 | 19.54 | 116.23 | 105.09 | 105.31 | 117.33 | 131.43 | 133.41 | – |
Accumulated Depreciation | 25.10 | 27.89 | 30.51 | 6.64 | 126.94 | 10.69 | 31.01 | 40.10 | 49.28 | 64.14 | 84.05 | 100.15 | – |
CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -0 | -0 |
Investments | 29 | 68 | 211 | 156 | 322 | 614 | 906 | 2,267 | 2,745 | 3,224 | 3,199 | 3,944 | 3,904 |
Other Assets | 15 | 33 | 40 | 74 | 219 | 196 | 127 | 184 | 163 | 83 | 120 | 112 | 156 |
Total Assets | 55 | 107 | 260 | 356 | 550 | 819 | 1,119 | 2,516 | 2,965 | 3,361 | 3,367 | 4,090 | 4,088 |
Standalone Figures in ₹ Crores / Yearly
| Mar 2013 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
Cash from Operating Activity | 2 | 14 | 15 | 59 | 183 | 259 | 264 | 326 | 407 | 464 | 545 | 614 |
Cash from Investing Activity | -2 | -11 | -146 | -60 | -170 | -282 | -236 | -1,343 | -339 | -316 | 181 | -492 |
Cash from Financing Activity | 0 | -0 | 133 | 7 | 15 | 14 | -51 | 1,038 | -58 | -143 | -695 | -135 |
Net Cash Flow | 0 | 3 | 2 | 6 | 28 | -9 | -23 | 22 | 10 | 5 | 31 | -12 |
Standalone Figures in ₹ Crores / Yearly
| Mar 2013 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 2 | 1 | 1 | 1 | 0 | 0 | 1 | 1 | 1 | 1 | 0 | 0 |
Inventory Days | – | – | – | – | – | – | – | – | – | – | – | – |
Days Payable | – | – | – | – | – | – | – | – | – | – | – | – |
Cash Conversion Cycle | 2 | 1 | 1 | 1 | 0 | 0 | 1 | 1 | 1 | 1 | 0 | 0 |
Working Capital Days | -226 | -263 | -237 | -250 | -265 | -283 | -272 | -248 | -290 | -312 | -318 | -304 |
ROCE % | – | – | – | – | – | – | 86% | 40% | 22% | 17% | 24% | 38% |
Direct from BSE filings, auto-summarised
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Stock Analysis
IndiaMART InterMESH Limited is India's largest online B2B marketplace, focused on integrating Small and Medium Businesses (SMEs) and enhancing their online visibility and engagement.
Management's strategic focus includes leveraging AI for platform enhancements like call automation and analytics, optimizing marketing spend, and driving ARPU growth. The company also aims to improve customer retention and expand its business enablement SaaS offerings.
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