Company Valuation: IndiaMART InterMESH Limited

Data adjusted to current consolidation scope
Fiscal Period: March 2022 2023 2024 2025 2026 2027 2028 2029
Market Cap 1 132,120 153,678 158,543 124,128 119,284 93,196 - -
Change - 16.32% 3.17% -21.71% -3.9% -21.87% - -
Enterprise Value (EV) 1 106,625 128,011 132,614 91,200 83,999 52,429 46,527 40,048
Change - 20.06% 3.6% -31.23% -7.9% -37.58% -11.26% -13.93%
P/E 44.6x 54.2x 44.3x 22.6x 25.2x 17.3x 15.4x 14.4x
PBR 7.06x 7.47x 9.13x 5.68x 4.97x 3.55x 3.24x 3.02x
PEG - -12.47x 1.5x 0.4x -1.8x 1.2x 1.3x 2.15x
Capitalization / Revenue 17.5x 15.6x 13.2x 8.94x 7.6x 5.41x 4.92x 4.46x
EV / Revenue 14.2x 13x 11.1x 6.57x 5.35x 3.04x 2.46x 1.92x
EV / EBITDA 34.6x 47.8x 40x 17.4x 15.8x 8.57x 7.13x 5.75x
EV / EBIT 36x 54.1x 45x 18.6x 16.7x 9.02x 7.53x 6.06x
EV / FCF 26.8x 27.9x 24.4x 14.8x 12.2x 9.36x 7.84x 5.84x
FCF Yield 3.73% 3.58% 4.11% 6.75% 8.18% 10.7% 12.8% 17.1%
Dividend per Share 2 1 10 20 50 60 56.4 61.6 70.48
Rate of return 0.05% 0.4% 0.76% 2.42% 3.02% 3.64% 3.98% 4.55%
EPS 2 48.42 46.32 59.7 91.59 78.77 89.81 100.6 107.3
Distribution rate 2.07% 21.6% 33.5% 54.6% 76.2% 62.8% 61.2% 65.7%
Net sales 1 7,535 9,854 11,968 13,884 15,690 17,222 18,932 20,874
EBITDA 1 3,078 2,679 3,314 5,228 5,300 6,119 6,524 6,970
EBIT 1 2,959 2,368 2,949 4,899 5,016 5,814 6,182 6,609
Net income 1 2,976 2,838 3,340 5,507 4,747 5,406 6,059 6,460
Net Debt 1 -25,495 -25,667 -25,929 -32,928 -35,285 -40,767 -46,669 -53,148
Reference price 2 2,161.32 2,509.88 2,645.45 2,068.70 1,986.20 1,549.70 1,549.70 1,549.70
Nbr of stocks (in thousands) 61,129 61,229 59,930 60,003 60,056 60,138 - -
Announcement Date 28/04/22 28/04/23 30/04/24 29/04/25 30/04/26 - - -
1INR in Million2INR
Estimates

P/E, Detailed evolution



P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
17.18x3.02x8.5x3.66% 990M
14.69x6.8x14.72x0.31% 3,519B
22.02x6.43x11.55x0.34% 1,640B
33.56x15.62x24.72x0.53% 574B
14.48x3.84x8.89x1.42% 479B
17.65x5.22x15.64x-.--% 260B
19.57x1.41x9.45x1.06% 255B
92.09x11.97x65.37x-.--% 189B
26.74x2.54x12.84x-.--% 143B
46.16x5.37x35.43x-.--% 125B
Average 30.42x 6.22x 20.71x 0.73% 718B
Weighted average by Cap. 20.96x 7.00x 15.90x 0.4%

Y-o-Y evolution of P/E

Valuation ratios - P/E - IndiaMART InterMESH Limited

Historical PBR trend

Valuation ratios - PBR - IndiaMART InterMESH Limited

Evolution Enterprise Value / Sales

Valuation ratios - VE_REV - IndiaMART InterMESH Limited

Change in Enterprise Value/EBITDA

Valuation ratios - VE_EBITDA - IndiaMART InterMESH Limited


Year-on-year evolution of the Yield

Valuation ratios - Yield - IndiaMART InterMESH Limited
  1. Stock Market
  2. Stocks
  3. INDIAMART Stock
  4. Valuation IndiaMART InterMESH Limited