Indiamart Intermesh logo

Indiamart Intermesh share price

NSE: INDIAMARTBSE: 542726RetailingSmall Cap

Indiamart Intermesh Limited · Face value ₹10 · Listed Jul 2019 · Issue price ₹973
Last close ₹1,544.20down ₹28.50 (1.81%)BSE ₹1,546.25

Share price at the NSE close on 29 Oct 2026. Previous close ₹1,572.70.

29 Oct: open ₹1,554.10, high ₹1,578.20, low ₹1,534.50

52-week range of traded prices to 29 Oct 2026
₹1,534.50Low, 29 Oct 2026₹2,525.90High, 13 Nov 2025
Market cap
₹9,287 Cr487th largest listed
P/E
18.52
P/B
4.01
Dividend yield
3.89%
ROE
22.5%
ROCE
23.5%
Debt to equity
0.00
Volume, NSE
75,32556.6% delivered

Indiamart Intermesh share price chart

Daily closes since Jul 2019, adjusted for splits and bonuses

−37.8%over a year · Nifty 500 −8.4%

ResultsDividend20-session average 64,302 shares a day, 51.7% delivered

About Indiamart Intermesh

IndiaMART InterMESH Limited runs IndiaMART, an online business-to-business marketplace where businesses across India find suppliers of goods and services and contact them.12 Buyers use it free and most suppliers join free, while the company earns mainly from subscriptions that suppliers buy for more visibility and buyer enquiries.34 It serves businesses, especially micro, small and medium enterprises (MSMEs).1

Suppliers choose Silver, Gold or Platinum packages that bundle a web storefront, buyers' requests for quotation (RFQs, called BuyLeads), a cloud telephony number and a lead manager.35 Its wholly owned subsidiaries offer accounting software under the BUSY brand, for desktop, cloud and mobile, and the Livekeeping brand, which gives users of Tally accounting software mobile and web access to their data.67

It was incorporated in 1999.8 The business began in 1996 as an online directory.9 It bought Busy Infotech in April 2022 and took full ownership of Livekeeping in the year to Mar 2026.76 Its shares have been listed on BSE and NSE since July 2019.10

Founder Dinesh Chandra Agarwal, the managing director and chief executive, and co-founder Brijesh Kumar Agrawal, a whole-time director, are its promoters.1112 The promoter group held 49.17% of the shares at the end of March 2026.13

Indiamart Intermesh key points

Results

  • In the quarter to Sep 2026, consolidated revenue from operations was ₹429 crore, up 10% from a year earlier; EBITDA (earnings before interest, tax, depreciation and amortisation) was ₹159 crore, a 37% margin, and net profit was ₹91 crore, up 10%.14
  • Consolidated deferred revenue, subscription fees collected but not yet counted as revenue, was ₹2,029 crore at the end of September 2026, up 16% from a year earlier; collections from customers in the quarter were ₹443 crore, up 9%.15
  • In the year to Mar 2026, consolidated revenue from operations was ₹15,690.42 million, against ₹13,883.44 million a year earlier, and consolidated profit for the year was ₹4,746.82 million, against ₹5,506.98 million.16
  • In the year to Mar 2026, consolidated other income was ₹2,041.03 million, against ₹2,724.18 million a year earlier; cash and treasury investments stood at ₹32,802 million at the end of March 2026.1718

Business segments

  • IndiaMART marketplace (standalone). In the quarter to Sep 2026, the IndiaMART marketplace business on its own had revenue of ₹389 crore, up 8%, and EBITDA of ₹156 crore, a 40% margin. It brings about 90% of group revenue.1920
  • Busy Infotech (accounting software). In the quarter to Sep 2026, Busy Infotech's revenue from operations was ₹37 crore, up 27% from a year earlier, and its billing (amounts invoiced to customers) was ₹46 crore, up 20%.21
  • Busy Infotech's revenue grew 81% to ₹1,191 million in the year to Mar 2026, when it sold 45K new software licences.22

Suppliers and buyers

  • IndiaMART had 217K paying suppliers and 8.9 million supplier storefronts at the end of September 2026; the number of paying suppliers fell by 615 in the quarter.2324
  • In the quarter to Sep 2026, the top 10% of paying suppliers, about 22K, brought 51% of IndiaMART's revenue and the top 1%, about 2K, brought 16%; annualised revenue per paying supplier was ₹72K.25
  • On its earnings call of 21 Jul 2026, the company said its Platinum and Gold subscribers made up about 50% of its customer base and brought more than 75% of its revenue.26
  • In the quarter to Sep 2026, IndiaMART had 27 million business enquiries, counting each buyer once a day; 40 million buyers were active over the last 12 months, and 135 million products were listed.232427

Where it operates

  • In the year to Mar 2026, ₹15,634.80 million of consolidated revenue came from customers in India and ₹55.62 million from customers outside India.28
  • About 48% of IndiaMART's buyers were from small cities at the end of March 2026.29
  • In the year to Mar 2026, IndiaMART had 5,376 sales and service staff and nearly 100 channel partner locations, serving customers in over 1,000 cities across India.30

Stakes in other companies

  • The company has invested about ₹730 crore in accounting software businesses, including ₹509 crore in Busy Infotech and ₹103 crore in Livekeeping Technologies, both wholly owned.313233
  • Stakes in associate companies (firms it partly owns) at the end of March 2026, counting shares that convertible securities would add3435
    ItemMar 2026
    SuperProcure (Truckhall), transport management software34.46%
    Bizom (Mobisy Technologies), retail sales software32.53%
    Vyapar (Simply Vyapar Apps)28.59%
    Realbooks (Adansa Solutions)26.01%
  • In the year to Mar 2026, the group's share of losses in associate companies was ₹547.72 million, against ₹490.51 million a year earlier.36

What the company expects

  • On its earnings call of 21 Jul 2026, the company said it expects Busy Infotech's annual revenue growth to be closer to 27% to 30% over the next couple of years, and wants licence sales to grow about 15% to 20% near term.3738
  • On its earnings call of 21 Jul 2026, the company said IndiaMART Finance Limited would work with partner lenders on short-term transaction financing, and that it has no plans to lend any large amount from its own balance sheet.39

Recent events

  • IndiaMART Finance Limited, a wholly owned subsidiary, was incorporated on 4 Aug 2026.40
  • On 27 Jul 2026, the company agreed to subscribe to 4,630 compulsorily convertible preference shares of Fleetx Technologies, a fleet and logistics software platform, which would take its stake to 25.80% on completion, counting all convertible shares as converted.414243
  • On 30 Apr 2026, the board recommended a final dividend of ₹30 and a special dividend of ₹30 per share for the year to Mar 2026, ₹60 per share in all.44

Litigation and regulatory matters

  • Noida's Central GST Commissionerate demanded ₹101.90 million plus a 100% penalty, disputing input tax credit (credit for tax paid on purchases). An appeal was dismissed on 2 Apr 2026; its annual report said the company was filing a further appeal and had made no provision.45

Last updated

All 45 sources, each with its page
  1. 1. Annual report, 2 Jun 2026, page 15
  2. 2. Annual report, 2 Jun 2026, page 54
  3. 3. Annual report, 2 Jun 2026, page 55
  4. 4. Earnings call, 21 Jul 2026, page 16
  5. 5. Investor presentation, 27 Oct 2026, page 13
  6. 6. Annual report, 2 Jun 2026, page 59
  7. 7. Annual report, 2 Jun 2026, page 57
  8. 8. Annual report, 2 Jun 2026, page 3
  9. 9. Annual report, 2 Jun 2026, page 18
  10. 10. Annual report, 2 Jun 2026, page 62
  11. 11. Investor presentation, 27 Oct 2026, page 61
  12. 12. Annual report, 2 Jun 2026, page 99
  13. 13. Annual report, 2 Jun 2026, page 78
  14. 14. Investor presentation, 27 Oct 2026, page 6
  15. 15. Investor presentation, 27 Oct 2026, page 6
  16. 16. Annual report, 2 Jun 2026, page 58
  17. 17. Annual report, 2 Jun 2026, page 58
  18. 18. Annual report, 2 Jun 2026, page 57
  19. 19. Investor presentation, 27 Oct 2026, page 7
  20. 20. Investor presentation, 27 Oct 2026, page 41
  21. 21. Investor presentation, 27 Oct 2026, page 9
  22. 22. Annual report, 2 Jun 2026, page 57
  23. 23. Investor presentation, 27 Oct 2026, page 22
  24. 24. Investor presentation, 27 Oct 2026, page 8
  25. 25. Investor presentation, 27 Oct 2026, page 24
  26. 26. Earnings call, 21 Jul 2026, page 4
  27. 27. Investor presentation, 27 Oct 2026, page 68
  28. 28. Annual report, 2 Jun 2026, page 172
  29. 29. Investor presentation, 27 Oct 2026, page 55
  30. 30. Annual report, 2 Jun 2026, page 56
  31. 31. Investor presentation, 27 Oct 2026, page 29
  32. 32. Investor presentation, 27 Oct 2026, page 49
  33. 33. Investor presentation, 27 Oct 2026, page 53
  34. 34. Annual report, 2 Jun 2026, page 59
  35. 35. Annual report, 2 Jun 2026, page 60
  36. 36. Annual report, 2 Jun 2026, page 58
  37. 37. Earnings call, 21 Jul 2026, page 17
  38. 38. Earnings call, 21 Jul 2026, page 18
  39. 39. Earnings call, 21 Jul 2026, page 6
  40. 40. Exchange filing, 4 Aug 2026, page 1
  41. 41. Exchange filing, 27 Jul 2026, page 1
  42. 42. Exchange filing, 27 Jul 2026, page 3
  43. 43. Exchange filing, 27 Jul 2026, page 2
  44. 44. Annual report, 2 Jun 2026, page 57
  45. 45. Annual report, 2 Jun 2026, page 136

Results

Consolidated; ₹ crore.Indiamart Intermesh quarterly results

Revenue growth, 12 months
+12.0%
Net profit growth, 12 months
−6.7%

Quarter to Sep 2026, against the quarter before

Revenue
₹429 Crup 3.43%
Net profit
₹91 Crdown 47.27%
Net margin
21.2%

Revenue by quarter

₹354 CrDec 24₹355 CrMar 25₹372 CrJun 25₹391 CrSep 25₹402 CrDec 25₹404 CrMar 26₹414 CrJun 26₹429 CrSep 26
Peak revenue ₹429 Cr, quarter to Sep 2026; lowest ₹354 Cr, quarter to Dec 2024

Net profit by quarter, a loss in red

₹121 CrDec 24₹181 CrMar 25₹154 CrJun 25₹83 CrSep 25₹188 CrDec 25₹50 CrMar 26₹172 CrJun 26₹91 CrSep 26
₹ croreDec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
Revenue354355372391402404414429
Net profit121181154831885017291
Net margin34.2%50.9%41.3%21.2%46.9%12.4%41.6%21.2%
Consolidated. The last eight quarters. The latest is shaded. Net profit is the whole group's, the other owners of its subsidiaries included; P/E and ROE use the company's own share.

Business segments

Share of revenue, year to Mar 2026, consolidated.Segment revenue and profit

  • Web and related services₹1,443 Crup 9.29%92.0%
  • Accounting Software services₹126 Crup 84.90%8.0%
The pill is the change in revenue on the year before; the share is of all the businesses together.

Valuation

Today, against the company's own history.Indiamart Intermesh PE ratio and valuation

Price to earnings

At or below today's level on 0.1% of 1,239 trading days over the last 5 years.

LowestHighest
Its median47.19Industry median13.47
Price to book

At or below today's level on 1% of 1,741 trading days since Oct 2019.

LowestHighest
Its median8.79Industry median1.35
Dividend yield

At or below today's level on 100% of 1,761 trading days since Aug 2019.

LowestHighest
Its median0.36%

Where the return came from

Yearly rates to Mar 2026, per-share figures restated for splits and bonuses.

OverReturn a yearEarnings growthChange in P/EDividend yield
1 year−1.0%−13.9%+11.5%3.0%
3 years−5.4%+19.4%−22.5%2.1%
5 years−11.2%+11.5%−21.5%1.3%
Return is price growth plus the average dividend yield. Change in P/E is (1 + price growth) / (1 + earnings growth) - 1, so the parts compound rather than add. Earnings growth over 5 years is on profit divided by shares in issue at both ends: the earnings per share stated for one end does not match that year's profit and share count.

Shareholding

Per cent of the company's shares, from the filing for Sep 2026.Indiamart Intermesh shareholding pattern

Shareholding by group

  • Promoters49.07%
  • Foreign institutions20.32%
  • Indian institutions9.62%
  • Individuals and others20.98%
  • Employee trusts0.01%
Holder
Dinesh Chandra AgarwalPromoter27.98%
Brijesh Kumar AgrawalPromoter18.96%
NALANDA INDIA EQUITY FUND LIMITEDForeign portfolio investors, category I7.71%
MADHUP AGRAWALResident individuals, over ₹2 lakh at face value1.26%
Chetna AgarwalPromoter0.50%
Pankaj AgarwalPromoter0.49%
Holders are named in the company's own words: an insurer's holding can carry one of its funds' names. Mutual funds are left out here and listed fund by fund below.

Since Jun 2026: promoters unchanged, foreign institutions +0.40 pts, Indian institutions −2.49 pts, mutual funds −2.25 pts.

Mutual fund holdings

76 funds disclosed a holding for Sep 2026. What they did in Sep 2026, against each fund's month before. 53 of the 60 funds that added or cut are index funds, ETFs or arbitrage funds: an index fund or ETF holds what its index holds, and an arbitrage fund holds the share against a sale of its future.All 76 funds holding Indiamart Intermesh

Bought for the first time
2
Added
24
Cut
36
Held unchanged
14
Sold out
1
Portfolios disclosed for Sep 2026. Weight is the holding as a share of the fund's assets.

Promoter and insider buying and selling

Trades made since 30 Oct 2025.Indiamart Intermesh insider trading

No promoter, director, key manager or employee bought or sold on the market.

  • Others: no market trade · 2 pledge filings of unclear kind
Bought and sold count trades on the market only. A pledge is shares given to a lender as security for a loan; a lender invokes it by selling them.

Indiamart Intermesh competitors and peers

Internet & Catalogue Retail, 9 listed companies, priced on 29 Oct 2026. The table lists the 8 companies closest to Indiamart Intermesh in market cap. 1 company in the table last traded before then: its row is priced on its last trade.Consumer services companies

Where the company sits among the companies nearest its size

Return on equity across, P/E up, size is market cap
Company
Info Edge (India) logoInfo Edge (India)NAUKRI76,06043.141.65+13.2%+33.7%3.7%2.4%0.72%
Just Dial logoJust DialJUSTDIAL5,76911.731.07+9.0%−13.4%9.6%6.0%0.00%
Crizac logoCrizacCRIZAC2,51111.394.30––37.7%44.1%5.57%
Matrimony.Com logoMatrimony.ComMATRIMONY1,10824.715.37+5.5%+12.9%20.0%18.7%0.93%
TCC Concept logoTCC ConceptTCC1,00215.210.61+205.3%–5.6%3.4%0.00%
Jupiter Infomedia logoJupiter InfomediaJUPITERIN35–1.35−49.0%−171.8%−5.6%−8.7%0.00%
Olympia Industries logoOlympia IndustriesOLYMPTX157.320.27+20.2%+44.4%3.7%6.4%0.00%
JLA Infraville Shoppers logoJLA Infraville ShoppersJSHL1––––––0.00%
Market cap in ₹ crore. Growth is the last twelve months against the twelve before. A figure is left empty where it would rest on a loss or the company has under a year of results on record. ROE is the shareholders' profit over their net worth. ROCE is profit before interest and tax over the whole group's net worth plus borrowings, as in the figures at the top of the page.

Dividends

Per share, by the year it was paid for, and the latest payments.Indiamart Intermesh dividend history

Dividend per share, ₹, restated for later splits and bonuses

5Mar 207.5Mar 211Mar 2210Mar 2320Mar 2450Mar 2560Mar 26
Highest ₹60.00 a share, year to Mar 2026.
Ex-dateTypePer share
19 Jun 2026Final₹30.00
19 Jun 2026Special₹30.00
6 Jun 2025Final₹30.00
6 Jun 2025Special₹20.00
7 Jun 2024Final₹20.00
11 May 2023Final₹20.00
Latest payments, as declared, by ex-date.

Latest announcements

Routine notices left out.Indiamart Intermesh announcements

Indiamart Intermesh share price by year

Each calendar year to 2025.Indiamart Intermesh share price history

YearClose at year endChangeHighest closeLowest close
20252,223.50−1.1%2,741.601,925.65
20242,248.80−17.4%3,152.452,231.50
20232,721.90+26.0%3,267.952,163.68
20222,159.75−33.3%3,425.131,854.83
20213,238.20+1.1%4,890.453,153.50
20203,203.60+210.1%3,203.60872.00
20191,032.98–1,132.03566.30
₹ per share, adjusted for splits and bonuses since. Change is on the close at the end of the year before. 2019 is from its first session, 4 Jul 2019.

Recent sessions

The 9 trading days to 28 Oct 2026, as traded on NSE; the latest is at the top of the page.

DateOpenHighLowCloseAverage priceVolumeDelivery
28 Oct 20261,645.201,652.001,565.501,572.701,596.551,18,58446.7%
27 Oct 20261,575.901,651.001,568.501,627.801,624.902,02,01547.0%
26 Oct 20261,579.101,589.001,553.801,562.001,566.9222,42248.6%
23 Oct 20261,569.301,601.701,540.001,572.801,563.2664,16950.5%
22 Oct 20261,590.001,595.501,552.201,580.201,576.7048,60349.5%
21 Oct 20261,596.501,617.301,579.101,592.501,594.9537,12249.8%
19 Oct 20261,630.001,630.001,590.001,595.801,604.8540,16850.9%
16 Oct 20261,620.001,632.601,611.901,627.201,625.1434,23759.2%
15 Oct 20261,623.801,644.301,614.101,629.201,632.5366,15070.4%
Prices in ₹ per share as traded, not adjusted.

Price adjustments

What the price chart is corrected for, so it reads as one share held throughout.Bonus share history

Ex-dateEventPrice factorWhat happened
21 Jun 2023Bonus0.5000Holders received 1 bonus share for every 1 held.
Earlier prices are multiplied by the factor, so the chart reads as one share held throughout.

Company details