Operates an online B2B marketplace where suppliers list products and buyers raise enquiries, charging subscription fees across tiered membership plans. The web and related services segment contributed 92% of FY26 segment revenue at Rs 1,443 crore, while accounting software services — primarily the BUSY brand — contributed the remaining 8% at Rs 126.1 crore. Employees are the largest cost line at 44.2% of revenue, followed by other operating expenses at 22.1%. Recent moves include a new wholly owned subsidiary, IndiaMART Finance Limited, set up to facilitate short-term working-capital credit for platform MSMEs through partner lenders, and an investment taking a 25.80% stake in Fleetx Technologies, an AI-based fleet and logistics SaaS platform with FY25 turnover of Rs 77.80 crore. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Web and related services (92%), Accounting Software services (8%). Asset-light, subscription-based B2B internet marketplace.
| ₹ crore · consolidated | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 754 | 985 | 1,197 | 1,388 | 1,569 |
| EBITDA (ex other income) | 308 | 268 | 330 | 523 | 530 |
| margin % | 40.8 | 27.2 | 27.5 | 37.7 | 33.8 |
| Owners' profit | 298 | 284 | 334 | 0 | 475 |
| EPS, as reported (₹) | 97.82 | 92.96 | 55.18 | 91.84 | 79.07 |
| ROE % · ROCE % | 15.9 · 17.8 | 13.8 · 16.1 | 19.2 · 21.2 | 25.2 · 26.2 | 19.8 · 21.6 |
| Debt / equity (x) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Cash from operations | 402 | 476 | 559 | 623 | 694 |
| Capex | (2) | (17) | (15) | (8) | (7) |
| ₹ crore | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 348 | 354 | 355 | 372 | 391 | 402 | 404 | 414 |
| Profit before tax | 190 | 173 | 229 | 218 | 132 | 262 | 91 | 246 |
| Net profit | 135 | 121 | 181 | 154 | 83 | 188 | 50 | 172 |
| EPS (₹) | 22.54 | 20.18 | 30.14 | 25.59 | 13.77 | 31.37 | 8.36 | 28.66 |
| Segment | Revenue, ₹ crore | Share % |
|---|---|---|
| Web and related services | 1,443 | 92.0 |
| Accounting Software services | 95 | 6.1 |
| Accounting Software Services | 31 | 2.0 |
| Total, before eliminations | 1,569 | 100.0 |
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| INFO EDGE (I) LTD | 81,104 | 50.6 | 2.01 | 35.6 | 4.4 | 4.7 | 24.0 |
| Date · filing | Category | Importance | 1-day % | 5-day % |
|---|---|---|---|---|
| 11 Sept 2026 · IndiaMART schedules analyst meet at Anand Rathi G-200 Summit on Sep 21 | board shareholder meetings | low | — | — |
| 10 Sept 2026 · Outcome of analyst meet with TVF Capital - no UPSI shared | investor communications | low | — | — |
| 9 Sept 2026 · IndiaMART met DT Partners; says no price sensitive info was shared | investor communications | low | — | — |
| 8 Sept 2026 · IndiaMART holds one-to-one calls with two investors, no UPSI shared | investor communications | low | — | — |
| 8 Sept 2026 · IndiaMART schedules investor meetings; Jefferies forum on Sept 18 | general | low | — | — |
| 7 Sept 2026 · IndiaMART holds one-on-one call with Saral Management Advisors | investor communications | low | — | — |
| 24 Aug 2026 · IndiaMART meets Quantum Advisors, no price-sensitive info shared | investor communications | low | — | — |
| 20 Aug 2026 · Investor meet with CapGrow Capital Advisors; no UPSI shared | investor communications | low | — | — |
| 17 Aug 2026 · IndiaMART reports one-on-one call with TenCore Partners | investor communications | low | — | — |
| 13 Aug 2026 · IndiaMART held one-on-one investor calls with BugleRock and Aberdeen | investor communications | low | — | — |
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) |
| 75.9 |
| INDIAMART INTERMESH LTD ◆ | 10,301 | 20.9 | 4.29 | 13.9 | 19.8 | 21.6 | 18.6 | 61.1 |
| JUSTDIAL LTD. | 5,698 | 15.7 | 1.42 | 10.9 | 9.0 | 11.0 | 3.2 | 59.9 |
| CRIZAC LIMITED | 3,282 | 14.9 | 5.54 | 10.0 | 37.0 | 47.7 | — | 34.0 |
| MATRIMONY.COM LIMITED | 1,073 | 24.4 | 5.20 | 14.2 | 16.5 | 17.9 | 4.0 | 25.2 |
| TCC CONCEPT LIMITED | 268 | 3.9 | 0.16 | 2.1 | 3.9 | 2.8 | — | 38.4 |
| JUPITER INFOMEDIA LTD. | 40 | 27.4 | 0.99 | 39.3 | 2.4 | 1.5 | 30.2 | 7.9 |
| OLYMPIA INDUSTRIES LTD. | 14 | 6.9 | 0.26 | — | 3.3 | 4.2 | — | 2.2 |
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 20.9 | 15.7 | 6 of 9 | 38% |
| P/B | 4.3 | 1.4 | 7 of 9 | 25% |
| ROCE | 21.6 | 7.8 | 2 of 8 | 86% |
| ROE | 19.8 | 6.7 | 2 of 8 | 86% |
| Debt / Equity | 0.0 | 0.0 | 1 of 9 | 50% |
| EBITDA margin | 61.1 | 36.2 | 2 of 8 | 86% |
| Revenue growth | 11.4 | 12.3 | 5 of 8 | 29% |
| Profit growth | 12.2 | 36.4 | 6 of 8 | 29% |
| Market cap | 10301 | 1073 | 2 of 9 | 88% |
| A state: the latest filed quarter and the measured reactions |
| an event is a fact; a rating is an opinion that requires SEBI RA registration |
| A target price and upside | The current price and the multiples against the group | a target is a forecast; a multiple is a measurement |
| Estimate years marked E | More audited years; no estimates | MarketPing publishes no forecasts — your own model lives on the Models page |
This document is a statistical summary of publicly filed information and market data, prepared by software from primary sources: SEBI results XBRL filed with BSE and NSE, LODR disclosures, shareholding patterns, exchange price data. It contains no research recommendation, no price target and no opinion on the merits of any security, and is not a research report within the meaning of the SEBI (Research Analysts) Regulations, 2014, Regulation 2(1)(w)(vii). Financial statements are as filed (consolidated where the company files consolidated results). Ratios are computed over filed lines. Where a figure is unavailable the table shows a dash rather than an estimate. The business brief is written by MarketPing's reader from the annual report and checked against it; no figure in a table was generated by a model. Nothing here constitutes investment advice, an offer or a solicitation; readers should consult a SEBI-registered adviser before acting. MarketPing is not a SEBI-registered intermediary.
