Indiamart Intermesh Ltd
NSE:INDIAMART

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Indiamart Intermesh Ltd
NSE:INDIAMART
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Price: 2 103.6 INR -1.52% Market Closed
Market Cap: ₹126.4B

EV/IC

6.8
Current
40%
Cheaper
vs 3-y average of 11.2

Enterprise Value to Invested Capital (EV/IC) ratio compares a company`s total enterprise value to the capital invested in its business. It shows how efficiently the company`s market value reflects the funds used to generate returns.

EV/IC
6.8
=
Enterprise Value
₹103.1B
/
Invested Capital
₹14.4B

Enterprise Value to Invested Capital (EV/IC) ratio compares a company`s total enterprise value to the capital invested in its business. It shows how efficiently the company`s market value reflects the funds used to generate returns.

EV/IC
6.8
=
Enterprise Value
₹103.1B
/
Invested Capital
₹14.4B

Valuation Scenarios

Indiamart Intermesh Ltd is trading below its 3-year average

If EV/IC returns to its 3-Year Average (11.2), the stock would be worth ₹3 489.92 (66% upside from current price).

Statistics
Positive Scenarios
2/4
Maximum Downside
-67%
Maximum Upside
+79%
Average Upside
4%
Scenario EV/IC Value Implied Price Upside/Downside
Current Multiple 6.8 ₹2 103.6
0%
3-Year Average 11.2 ₹3 489.92
+66%
5-Year Average 12.1 ₹3 769.8
+79%
Industry Average 2.4 ₹746.58
-65%
Country Average 2.3 ₹704.36
-67%

Forward EV/IC
Today’s price vs future invested capital

Not enough data available to calculate forward EV/IC

Peer Comparison

All Multiples
EV/IC
P/E
All Countries
Close

Market Distribution

Higher than 83% of companies in India
Percentile
83nd
Based on 2 828 companies
83nd percentile
6.8
Low
0 — 1.3
Typical Range
1.3 — 4.2
High
4.2 —
Distribution Statistics
India
Min 0
30th Percentile 1.3
Median 2.3
70th Percentile 4.2
Max 4 185.7

Indiamart Intermesh Ltd
Glance View

Indiamart Intermesh Ltd., a pioneer in India’s B2B marketplace sector, has woven the intricate threads of technology and commerce into a robust platform that connects millions of buyers and suppliers. Founded in 1996 by Dinesh Agarwal and Brijesh Agrawal, the company emerged at a time when the Indian market was ripe for digital transformation. By facilitating seamless interactions between businesses through its digital platforms, Indiamart positions itself as an intermediary that removes traditional barriers in trade. Unlike direct e-commerce platforms, Indiamart does not sell products itself but instead provides business listings across diverse categories like electronics, apparel, machinery, and more. Through this, it becomes a crucial catalyst in the transactions, while also offering various services such as showcasing products, lead generation, and facilitating purchases. Revenue generation for Indiamart primarily stems from subscription fees that suppliers pay for premium listing and advertising services, granting them enhanced visibility to an expansive audience. The company also monetizes through a 'freemium' model where basic listings are free but additional features come at a price. This model draws parallels to how commercial real estate leases work, where the digital space is rented out in tiers, from basic enough to attract entry-level participants, to comprehensive packages that cater to larger, visibility-seeking suppliers. By continuously refining its digital toolkit in alignment with evolving market needs, Indiamart not only amplifies connectivity within India’s vast business ecosystem but also steadily climbs the ladder of profitability.

INDIAMART Intrinsic Value
1 520.6 INR
Overvaluation 28%
Intrinsic Value
Price ₹2 103.6
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