|
14 Aug 2025 |
IndiaMART InterMESH
|
Consensus Share Price Target
|
2569.70 |
2654.10 |
- |
3.28 |
hold
|
|
|
|
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21 Jul 2025
|
IndiaMART InterMESH
|
Axis Direct
|
2569.70
|
2880.00
|
2600.20
(-1.17%)
|
12.08 |
Hold
|
|
|
We resume our coverage with a HOLD rating on the stock.
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|
20 Jul 2025
|
IndiaMART InterMESH
|
ICICI Securities Limited
|
2569.70
|
2580.00
|
2652.60
(-3.13%)
|
Target met |
Hold
|
|
|
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.
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|
18 Jul 2025
|
IndiaMART InterMESH
|
Motilal Oswal
|
2569.70
|
3050.00
|
2652.60
(-3.13%)
|
18.69 |
Buy
|
|
|
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%.
|
|
17 Jul 2025
|
IndiaMART InterMESH
|
NDA Securities
|
2569.70
|
3297.00
|
2658.90
(-3.35%)
|
28.30 |
Buy
|
|
|
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.
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|
17 Jul 2025
|
IndiaMART InterMESH
|
NDA Securities
|
2569.70
|
3297.00
|
2626.70
(-2.17%)
|
28.30 |
Buy
|
|
|
As India’s 60 million+ MSMEs embrace digital-first work-flows, IndiaMART stands at the intersection of scale, simplicity, and software-led transformation.
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|
21 Jan 2025
|
IndiaMART InterMESH
|
Motilal Oswal
|
2569.70
|
2600.00
|
2294.85
(11.98%)
|
Target met |
Buy
|
|
|
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.
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|
21 Oct 2024
|
IndiaMART InterMESH
|
Axis Direct
|
2569.70
|
3620.00
|
2508.60
(2.44%)
|
40.87 |
Buy
|
|
|
We maintain our BUY recommendation on the stock.
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|
21 Oct 2024
|
IndiaMART InterMESH
|
Anand Rathi
|
2569.70
|
3100.00
|
2508.60
(2.44%)
|
20.64 |
Buy
|
|
|
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.
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|
20 Oct 2024
|
IndiaMART InterMESH
|
Motilal Oswal
|
2569.70
|
3500.00
|
3013.15
(-14.72%)
|
36.20 |
Buy
|
|
|
IndiaMART (INMART) reported 2QFY25 revenue growth of 18% YoY/5% QoQ, in line with our estimate of 18.8% YoY growth.
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|
01 Aug 2024
|
IndiaMART InterMESH
|
Keynote Capitals Ltd
|
2569.70
|
2769.00
|
2848.15
(-9.78%)
|
Target met |
Sell
|
|
|
Quarterly Update Q1FY25
|
|
31 Jul 2024
|
IndiaMART InterMESH
|
Axis Direct
|
2569.70
|
3620.00
|
2944.85
(-12.74%)
|
|
Buy
|
|
|
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.
|
|
31 Jul 2024
|
IndiaMART InterMESH
|
Motilal Oswal
|
2569.70
|
3800.00
|
2944.85
(-12.74%)
|
|
Buy
|
|
|
IndiaMART (INMART) delivered a decent 1QFY25 performance, with revenue rising 17% YoY/5% QoQ, above consensus estimates.
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|
03 May 2024
|
IndiaMART InterMESH
|
Keynote Capitals Ltd
|
2569.70
|
2563.00
|
2799.65
(-8.21%)
|
Target met |
Sell
|
|
|
Quarterly Update Q4FY24
|
|
02 May 2024
|
IndiaMART InterMESH
|
Anand Rathi
|
2569.70
|
3250.00
|
2861.05
(-10.18%)
|
|
Buy
|
|
|
While its cash collection grew 16% y/y to Rs4.8bn, IndiaMart’s Q4 FY24 17.1% y/y revenue growth came in line with our estimate.
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|
02 May 2024
|
IndiaMART InterMESH
|
Axis Direct
|
2569.70
|
3000.00
|
2861.05
(-10.18%)
|
Target met |
Buy
|
|
|
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.
|
|
19 Jan 2024
|
IndiaMART InterMESH
|
Motilal Oswal
|
2569.70
|
3000.00
|
2633.50
(-2.42%)
|
Target met |
Buy
|
|
|
|
|
19 Jan 2024
|
IndiaMART InterMESH
|
Axis Direct
|
2569.70
|
3000.00
|
2633.50
(-2.42%)
|
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.
|
|
19 Jan 2024
|
IndiaMART InterMESH
|
Keynote Capitals Ltd
|
2569.70
|
2590.00
|
2633.50
(-2.42%)
|
Target met |
Sell
|
|
|
Quarterly Update Q3FY24
|
|
30 Oct 2023
|
IndiaMART InterMESH
|
Axis Direct
|
2569.70
|
3625.00
|
2634.40
(-2.46%)
|
|
Buy
|
|
|
We recommend a BUY rating on the stock and assign a 40x P/E multiple to its FY25E earnings of Rs 90.76/share to arrive at a TP of Rs 3,625/share, implying an upside of 31% from the CMP.
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|
30 Oct 2023
|
IndiaMART InterMESH
|
Keynote Capitals Ltd
|
2569.70
|
2612.00
|
2634.40
(-2.46%)
|
Target met |
Sell
|
|
|
Quarterly Update Q2FY24
|