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Discovery themes featuring this stockIndiamart Intermesh Ltd (INDIAMART) is currently trading at 1,594.95 per share. Stock prices fluctuate during market hours on NSE and BSE based on demand, company updates, and overall market conditions. Refer to the live price chart above for the most recent price movement.
IndiaMART InterMESH operates a large online B2B marketplace that helps business buyers discover products and services, connect with suppliers, and generate enquiries across industries and geographies. Its platform monetises suppliers through paid subscriptions, while its broader ecosystem increasingly includes accounting software, workflow tools, trust services, and credit-facilitation initiatives. Consolidated Q2 FY2027 revenue from operations grew 10% year-on-year to Rs. 429 crore, while collections increased 9% to Rs. 443 crore. Deferred revenue rose 16% to Rs. 2,029 crore, providing substantial visibility, although supplier additions remained weak as elevated Silver-tier churn offset continuing strength among Gold and Platinum customers. IndiaMART is deliberately withholding some proprietary data from search engines and large language models to protect its competitive advantage. Management accepts a current 10%–15% reduction from historical enquiry highs while redirecting investment toward higher-value categories, targeted advertising, verification, and more controlled access to data. Artificial intelligence is already embedded across IndiaMART’s operations rather than being merely a future initiative. The company uses multiple external model ecosystems, including Gemini, Claude, ChatGPT, Gemma, Qwen, and Grok, while expensing related costs immediately and expecting benefits across productivity, matchmaking, customer experience, and potentially future margins. BUSY is becoming an increasingly meaningful growth contributor, reporting Q2 billing growth of 20%, revenue growth of 27%, and deferred-revenue growth of 40%. The launch of BUSY Magic, technology modernisation, and integration with IndiaMART and Livekeeping could create a broader MSME software ecosystem, although management has not quantified cross-selling benefits.
Over the past 52 weeks, Indiamart Intermesh Ltd has traded between a low of ₹1,468.00 and a high of ₹2,525.00. The 52-week high and low indicate the stock’s price range over the last year and help investors understand its volatility and recent trading levels.
Indiamart Intermesh Ltd has a market capitalization of approximately 9,571.18. Market capitalization represents the total value of a company’s outstanding shares and helps investors understand its size, stability, and relative risk compared to other listed companies.
Indiamart Intermesh Ltd’s investment profile depends on its business fundamentals, valuation, and long-term outlook. The stock currently trades at a PE ratio of 19.09 and operates in the its sector sector. Investors typically assess financial performance, growth prospects, and individual risk tolerance before making investment decisions.
Based on its market capitalization of 9,571.18 Cr, Indiamart Intermesh Ltd is classified as a Small Cap stock. Large-cap stocks are generally more stable, while mid-cap and small-cap stocks tend to offer higher growth potential along with higher price volatility.
Indiamart Intermesh Ltd operates in the its sector sector. Sector classification matters because companies in the same sector are often affected by similar economic conditions, regulatory changes, and competitive dynamics, which can influence overall stock performance.
The Price-to-Earnings (PE) ratio of Indiamart Intermesh Ltd is 19.09. The PE ratio compares a company’s share price to its earnings and is commonly used to assess valuation. Comparing the PE ratio with sector peers and historical levels provides better context.
IndiaMART says its voice AI agent serves about 80,000 to 100,000 buyers each day. Management said the associated buyer leads and RFQs have been posted live on the IndiaMART platform for more than a year.
IndiaMART said paid marketing accounts for approximately 10% of traffic. Management put the volume at about 1 million buyer enquiries a month, equivalent to roughly 3 million on a quarterly run-rate basis. It cautioned that 20% to 40% may overlap with traffic that could have arrived through other channels.
IndiaMART said its Silver supplier base has not improved for roughly two years because 12-month Silver retention is lower than it was four or five years ago. Management said stagnant Silver numbers have also held back Gold and Platinum supplier growth.
IndiaMART said it moved selected strategic information behind login and restricted some search-engine and LLM access to protect proprietary data. Management said LLMs can absorb data and present results in their own words, while Google AI Overviews had expanded to 50% or more of searches from about 10%-20%.
| Symbol | Watchlist | Price | Market Cap | P/E | P/B | Div Yield (%) | ROE (%) | ROCE (%) | ROA (%) |
1591.40 | 9,571 Cr | 19.09 | 4.13 | 3.77 | 21.65 | 22.07 | 10.88 | ||
676.25 | 5,751 Cr | 15.85 | 1.07 | 0.00 | 9.15 | 11.25 | 7.79 | ||
157.50 | 2,756 Cr | 13.29 | 4.12 | 5.08 | 31.27 | 39.58 | 23.95 | ||
557.05 | 1,152 Cr | 25.68 | 5.58 | 0.90 | 16.55 | 18.72 | 10.18 | ||
34.41 | 34 Cr | -30.79 | 1.32 | 0.00 | 0.18 | 2.28 | -2.77 | ||
26.68 | 16 Cr | 7.92 | 0.35 | 0.00 | 3.28 | 6.97 | 1.37 | ||
2.15 | 1 Cr | -3.18 | 0.18 | 0.00 | -5.81 | -1.84 | -2.08 | ||
| Median: 7 Co. | — | 157.50 | 1,152 Cr | 13.29 | 1.32 | 0.00 | 9.15 | 11.25 | 7.79 |
IndiaMART InterMESH operates a large online B2B marketplace that helps business buyers discover products and services, connect with suppliers, and generate enquiries across industries and geographies. Its platform monetises suppliers through paid subscriptions, while its broader ecosystem increasingly includes accounting software, workflow tools, trust services, and credit-facilitation initiatives.
Consolidated Q2 FY2027 revenue from operations grew 10% year-on-year to Rs. 429 crore, while collections increased 9% to Rs. 443 crore. Deferred revenue rose 16% to Rs. 2,029 crore, providing substantial visibility, although supplier additions remained weak as elevated Silver-tier churn offset continuing strength among Gold and Platinum customers.
IndiaMART is deliberately withholding some proprietary data from search engines and large language models to protect its competitive advantage. Management accepts a current 10%–15% reduction from historical enquiry highs while redirecting investment toward higher-value categories, targeted advertising, verification, and more controlled access to data.
Artificial intelligence is already embedded across IndiaMART’s operations rather than being merely a future initiative. The company uses multiple external model ecosystems, including Gemini, Claude, ChatGPT, Gemma, Qwen, and Grok, while expensing related costs immediately and expecting benefits across productivity, matchmaking, customer experience, and potentially future margins.
BUSY is becoming an increasingly meaningful growth contributor, reporting Q2 billing growth of 20%, revenue growth of 27%, and deferred-revenue growth of 40%. The launch of BUSY Magic, technology modernisation, and integration with IndiaMART and Livekeeping could create a broader MSME software ecosystem, although management has not quantified cross-selling benefits.
Retailing
Internet & Catalogue Retail
9,593 Cr
Low Risk
19.1
67.1
1.9
4.1
2,525.00
1,468.00
Sales CAGR
Profit CAGR
ROE
ROCE
