Buy This Stock: Experts Bullish; Share Will Cross The Level ₹3140
IndiaMART InterMESH Ltd (NSE: INDIAMART) share price:
There was a sell-off for the share prices of Indiamart Intermesh Limited during special trading last Saturday.
The shares closed at 2573.70 on Saturday. The price was down 2.25 percent from a day earlier. The share price was reduced to the price of 2554.05.
However, analysts appear to be optimistic about the stock. Experts have said that this stock will surpass the threshold of 3000 rupees.
The 52-week highest of the shares is 3,293.45. This price was recorded in September 2023.
In addition, the price of Rs 2,179.80 represents the 52-week low of the stock. The price was recorded at the beginning of January in last year’s fiscal year.
What Is The Price Target?
The brokerage has set a target price of 2900 per share for the shares.
Additionally, the rating of buy of the share has also been retained. But, another global brokerage has reduced its FY2024-26 earnings per share by 3 percent.
The brokerage has issued a “sell” rating for the stock. The price target is set at 2400 rupees.
A different domestic brokerage has said that the increase in suppliers who aren’t paying the right amount is a problem for Indiamart Intermesh’s expansion.
It could lead to losses over the coming quarters. The brokerage has remained with its buy rating for the stock.
The brokerage has set the price target for this share at Rs 3140. Another one has also kept the target price at Rs 3000 per share.
Company’s Quarterly Results
Indiamart Indiamesh Limited’s revenue increased 21 percent over the December quarter owing to the lower costs of employees. It grew to 305 crore.
The online business-to-business (B2B) marketplace firm reported that its profit dropped by 27 percent, to Rs 82 crore in the last period of its current fiscal year.
About IndiaMART InterMESH Ltd
IndiaMART InterMESH Limited is an India-based business-to-business (B2B) market.
It is an online platform that serves small and medium-sized companies (SMEs), large corporations, and even individuals.
It is pushing the limits of technology to make the marketplace more visible, accessible, and more engaging.
It operates in two segments: Web Related Services and Accounting Software Services.
Accounting software is used for design, analysis, development, and marketing that integrate business.
They offer solutions such as IM Star, IM Leader, Maximiser, TrustSEAL, IndiaMART Verified Exporter, IndiaMART Paid Service (MDC) as well as enterprise and advertising solutions.
The company’s total operating revenues are 938.82 crores and equity capital of 30.58 crores.
Fundamental Analysis of IndiaMART InterMESH Ltd
| Market Cap | ₹ 15,756 Cr. |
| Current Price | ₹ 2,582 |
| 52-wk High | ₹ 3,335.55 |
| 52-wk Low | ₹ 2,185.50 |
| Stock P/E | 49.20 |
| Book Value | ₹ 257 |
| Dividend | 0.39 % |
| ROCE | 17.5 % |
| ROE | 13.9 % |
| Face Value | ₹ 10.0 |
| P/B Value | 10.0 |
| OPM | 28.3 % |
| EPS | ₹ 55.1 |
| Debt | ₹ 47.6 Cr. |
| Debt to Equity | 0.03 |
IndiaMART Share Price Target 2024 To 2030
| Year | 1st Target | 2nd Target |
| 2024 | ₹2670 | ₹2984 |
| 2025 | ₹3100 | ₹3415 |
| 2026 | ₹3564 | ₹3745 |
| 2027 | ₹3800 | ₹3948 |
| 2028 | ₹4000 | ₹4251 |
| 2029 | ₹4300 | ₹4400 |
| 2030 | ₹4845 | ₹5400 |
IndiaMART InterMESH Ltd Shareholding Pattern.
| Promoters Holding | |
| Dec 2022 | 49.22% |
| Mar 2023 | 49.22% |
| June 2023 | 49.22% |
| Sept 2023 | 49.21% |
| Dec 2023 | 49.21% |
| FII Holding | |
| Dec 2022 | 25.38% |
| Mar 2023 | 26.60% |
| June 2023 | 26.76% |
| Sept 2023 | 27.33% |
| Dec 2023 | 24.16% |
| DII Holding | |
| Dec 2022 | 5.81% |
| Mar 2023 | 5.62% |
| June 2023 | 5.62% |
| Sept 2023 | 5.46% |
| Dec 2023 | 8.23% |
| Public Holding | |
| Dec 2022 | 19.46% |
| Mar 2023 | 18.45% |
| June 2023 | 18.27% |
| Sept 2023 | 17.87% |
| Dec 2023 | 18.30% |
| Others Holding | |
| Dec 2022 | 0.15% |
| Mar 2023 | 0.12% |
| June 2023 | 0.12% |
| Sept 2023 | 0.11% |
| Dec 2023 | 0.08% |
IndiaMART InterMESH Ltd Share: Last 5 Years’ Financial Condition
To gain a better understanding of how the market is performing, let’s look at the outlook of this share in the previous years.
However, investors should be aware of the risks and the market conditions before making any investment decision.
Last 5 Years’ Sales:
| 2019 | ₹ 497 Cr |
| 2020 | ₹ 624 Cr |
| 2021 | ₹ 665 Cr |
| 2022 | ₹ 751 Cr |
| 2023 | ₹ 1,096 Cr |
Last 5 Years’ Net Profit:
| 2019 | ₹ 13 Cr |
| 2020 | ₹ 146 Cr |
| 2021 | ₹ 287 Cr |
| 2022 | ₹ 310 Cr |
| 2023 | ₹ 337 Cr |
Last 5 Years’ Debt-To-Equity Ratio:
| 2019 | 0 |
| 2020 | 0 |
| 2021 | 0 |
| 2022 | 0 |
| 2023 | 0 |
Last 10 Years’ Profit Growth:
| 10 Years: | 41% |
| 5 Years: | 42% |
| 3 Years: | 22% |
| Current Year: | 29% |
Last 10 years’ Return on Equity (ROE):
| 10 Years: | — |
| 5 Years: | — |
| 3 Years: | 19% |
| Last Year: | 14% |
Sales Growth Over 10 Years:
| 10 Years: | 22% |
| 5 Years: | 18% |
| 3 Years: | 15% |
| Current Year: | 24% |
Conclusion
This article is a complete guide about IndiaMART InterMESH Ltd Share.
These information and forecasts are based on our analysis, research, company fundamentals and history, experiences, and various technical analyses.
Also, We have talked in detail about the share’s future prospects and growth potential.
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