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HomeSHARE MARKETBuy This Stock: Experts Bullish; Share Will Cross The Level ₹3140; Don't...

Buy This Stock: Experts Bullish; Share Will Cross The Level ₹3140; Don’t Sell

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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/E49.20
Book Value₹ 257
Dividend0.39 %
ROCE17.5 %
ROE13.9 %
Face Value₹ 10.0
P/B Value10.0
OPM28.3 %
EPS₹ 55.1
Debt₹ 47.6 Cr.
Debt to Equity0.03

IndiaMART Share Price Target 2024 To 2030

Year1st Target2nd Target
2024₹2670₹2984
2025₹3100₹3415
2026₹3564₹3745
2027₹3800₹3948
2028₹4000₹4251
2029₹4300₹4400
2030₹4845₹5400
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IndiaMART InterMESH Ltd Shareholding Pattern

Promoters Holding
Dec 202249.22%
Mar 202349.22%
June 202349.22%
Sept 202349.21%
Dec 202349.21%
FII Holding
Dec 202225.38%
Mar 202326.60%
June 202326.76%
Sept 202327.33%
Dec 202324.16%
DII Holding
Dec 20225.81%
Mar 20235.62%
June 20235.62%
Sept 20235.46%
Dec 20238.23%
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Public Holding
Dec 202219.46%
Mar 202318.45%
June 202318.27%
Sept 202317.87%
Dec 202318.30%
Others Holding
Dec 20220.15%
Mar 20230.12%
June 20230.12%
Sept 20230.11%
Dec 20230.08%

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
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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:

20190
20200
20210
20220
20230

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.

Hopefully, these informations will help you in your further investment. 

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If you have any further queries, please comment below. We will be happy to answer all your questions. 

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Also Read: ₹37 Penny Stock: Company Made Changes In Its Management; Will Share Double?

Disclaimer: Dear readers, we’d like to inform you that we are not authorized by SEBI (Securities and Exchange Board of India). The information on this site is only for informational and educational purposes and shouldn’t be considered financial advice or stock recommendations. Also, the share price predictions are completely for reference purposes. The price predictions will only be valid when there are positive signs on the market. Any uncertainty about the company’s future or the current state of the market will not be considered in this study. We are not responsible for any financial loss you might incur through the information on this site. We are here to provide timely updates about the stock market and financial products to help you make better investment choices. Do your own research before any investment.

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