IndiaMART InterMESH Limited (INDIAMART) Fair Value & Analysis
Communication Services · IN · Market cap ₹114B
Fair value as of: Jul 3, 2026
From 26 valuation models · updated yesterday
Share price −2.0% over the past month.
Price vs Fair Value (12 months)
12‑month range ₹1,878 – ₹2,690 · fair‑value band ₹1,006 – ₹2,273 · the ₹1,897 price screens above the ₹1,342 fair value. As of Jul 3, 2026.
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IndiaMART InterMESH Limited (INDIAMART) currently trades at ₹1,897, while our model-based Fair Value estimate is ₹1,342 — implying the stock looks roughly 29.3% overvalued today. We read business quality at 63/100 (solid quality), in the Communication Services sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium — the entry price still matters most (evidence: high).
Over the trailing twelve months, IndiaMART InterMESH Limited generated revenue of ₹15.7B at a net margin of 30.3%. Revenue grew 13.9% year over year. It earns a return on equity of 20.7%. The balance sheet holds a net cash position of ₹681M. Fundamentals as of Jul 3, 2026
Key figures & financial health
More key figures
Figures from reported company fundamentals (EODHD) · as of Jul 3, 2026. TTM = trailing twelve months.
About the company
IndiaMART InterMESH Limited operates an online business-to-business marketplace for business products and services in India and internationally. The company's e-marketplace acts as an interactive hub for domestic and international buyers and suppliers. Its platform serves small and medium enterprises, large enterprises, and individuals. The company also provides the Live Keeping Tally mobile app, which allows users to access their Tally data in real-time from anywhere. IndiaMART InterMESH Limited was incorporated in 1999 and is based in Noida, India.
Revenue & earnings trend
FY2022 – FY2026 · reported fiscal years
IndiaMART InterMESH Limited reported revenue of ₹15.7B in FY2026 versus ₹7.5B in FY2022, a compound +20.1%/yr. Reported net income was ₹4.7B in FY2026, compounding +12.4%/yr from FY2022.
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How we calculate Fair Value
Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data — nothing guessed.
Educational research only · not financial advice · no buy/sell recommendation. Model-based estimates are not certainties; their reliability depends on data quality and assumptions.