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Indiamart Intermesh share price & results

Indiamart Intermesh Limited· Consumer Services· Consumer Discretionary

Results to
Sept 2026
Latest analysed call
Q1 FY27
Ownership as of
Sept 2026

India's largest online B2B marketplace connecting buyers and suppliers across 98,000+ product categories.

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Reported

The figures, each with its period

Each figure keeps its basis and period; nothing is filled in.

MetricValueChangeBasisPeriodNote
Revenue389 ₹ crore+8.1% YoYQuarterly, as filedQuarter to Sept 2026Revenue from operations as filed.
Operating margin40.0 %+8.0 pts YoYOperating profit / revenueQuarter to Sept 2026For the quarter; a change is in percentage points.
Net profit106 ₹ crore+26.2% YoYQuarterly, as filedQuarter to Sept 2026Profit after tax as filed.
Return on equity21.63 %−6.2 ptsFY Mar 2026 vs FY Mar 2025Trailing twelve monthsTTM to Sept 2026Adjusted profit attributable to owners ÷ average owners’ equity.
Free cash flow margin43.79 %−0.5 ptsFY Mar 2026 vs FY Mar 2025Fiscal yearFY ending Mar 2026(Operating cash flow − fixed-asset purchases + disposals) ÷ revenue.
Revenue growth (YoY)12.02 %−2.9 ptsFY Mar 2026 vs FY Mar 2025Trailing twelve monthsTTM to Sept 2026Revenue change against the same period one year earlier.

Source: Inve data from filed results; ratios from the Screener-verified panel · to Sept 2026

Guidance

What management said, and what became of it

2 of 6 judged targets kept · 3 open · verdicts reflect calls analysed to Q1 FY27.

Indiamart Intermesh Limited management guidance track record on Inve: 9 targets tracked across analysed earnings calls (2 achieved, 4 missed, 3 open).

TargetOriginal wordingSaidLatest callVerdict
Sustainable EBITDA Margin33% (+/- 1%), later refined to 33-35%
Call transcript, Q2 FY25 · 19 Oct 2024		Q2 FY25Q1 FY27:Reported 35% EBITDA margin, at the top end of the guided range, citing savings from lower customer acquisition and operating leverage.
Call transcript, Q1 FY27 · 21 Jul 2026		Achieved
Timeline to Fix Silver-Tier Churn1-2 quarters for a 'really good news about the churn'
Call transcript, Q3 FY25 · 21 Jan 2025		Q3 FY25Q1 FY27:Continued to miss, with a net decline of 1,850 suppliers due to elevated churn. Management now asks for another '2-3 quarters' to see impact from new strategies, further delaying the fix.
Call transcript, Q1 FY27 · 21 Jul 2026		Missed
BUSY CAGR Growth Rate27-30% CAGR over the next couple of years
Call transcript, Q1 FY27 · 21 Jul 2026		Q1 FY27Q1 FY27:Guided a 27-30% CAGR for BUSY over the next couple of years, while also stating an ambition for 35-40%.
Call transcript, Q1 FY27 · 21 Jul 2026		New

Source: Inve Guidance Tracker for Indiamart Intermesh Limited · to Q1 FY27

A verdict describes what became of management’s own words in later analysed calls. “Delayed” is a change of date, “went quiet” a target the calls stopped mentioning. None of it is a judgement on the investment. The methodology sets out how verdicts are recorded.

4 of Indiamart Intermesh Limited's 9 targets were missed. See which ones, and which are quietly gone. The 3 above are the free sample; 6 more targets are in the full ledger.

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Price

₹1,562 −0.69% · −₹10.8

Last close 26 Oct 2026 · NSE · INR · Source: Inve

Performance −34.1% 1Y

₹1.6k₹1.8k₹2.0k₹2.2k₹2.4kOct 25Dec 25Jan 26Mar 26Apr 26Jun 26Jul 26Sept 26Oct 26Q2 FY26 — 24 Oct 2025Q3 FY26 — 20 Jan 2026Q4 FY26 — 30 Apr 2026Q1 FY27 — 21 Jul 2026

1Y: ₹2,370.8 on 24 Oct 2025 → ₹1,562. High ₹2,504.5 (12 Nov 2025), low ₹1,562 (26 Oct 2026).

Previous close
₹1,572.8
Market cap
₹9.8k Cr
52-week range
₹1,562 – ₹2,504.5
One year
−36.38%
Price to earnings (TTM to Sept 2026)
19.54×
Return on equity (TTM to Sept 2026)
21.63%

Overview

Symbol
NSE:INDIAMART
Industry
Consumer Discretionary
Exchange
NSE
Currency
INR

What Indiamart Intermesh Limited does

Based on the company's own presentations, annual report and earnings calls.

IndiaMART InterMESH operates India's largest online B2B marketplace, a two-way discovery platform where suppliers list products via web storefronts and buyers submit RFQs (BuyLeads) that are AI-matched to relevant suppliers. Revenue comes from a subscription-based (freemium-to-paid) model in which paying suppliers subscribe to Silver, Gold or Platinum packages for storefront visibility, priority listing, RFQ credits and CRM tools, plus cloud telephony and business-enablement SaaS (accounting, invoicing). Its wholly-owned subsidiary Busy Infotech sells BUSY, an accounting and billing software product for SMEs, sold on a licence basis; another wholly-owned subsidiary, Livekeeping Technologies, and minority stakes in logistics, fintech, HR-tech and other MSME-adjacent startups round out the group.

Segments

  • IndiaMART (Standalone marketplace)
  • Busy Infotech
  • Livekeeping Technologies
Market position
India's largest online B2B marketplace
Indian supplier storefronts
8.7 million
Paying suppliers
220,000
Active buyers (last 12 months)
41 million
Live product listings
129 million
Product categories covered
~98,000 across 57 industries
Founded 1996Headquarters New Delhi, IndiaEmployees 6,222 (2026-03-31) Company website

How the price took the results

close before → close after

Q1 FY27
−0.8%
21 Jul
Q4 FY26
−1.3%
30 Apr
Q3 FY26
−2.4%
20 Jan

The move from the last close before each results date to the first close after it — the market's first read on the quarter, not the quarter itself.

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