logo
close icon

Buy IndiaMART InterMESH, target price Rs 5830: Motilal Oswal | Economic Times

Economic Times

Motilal Oswal has given a buy rating to IndiaMART InterMESH with a target price of Rs 5830. The share price moved up by 0.70 per cent from its previous close of Rs 4964.90. The stock’s last traded price is Rs 4999.45.

IndiaMART InterMESH Ltd., incorporated in the year 1999, is a Mid Cap company (having a market cap of Rs 14554.08 Crore) operating in Services sector.

Financials

For the quarter ended 30-09-2020, the company reported a Consolidated sales of Rs 163.20 Crore, up 6.60 % from last quarter Sales of Rs 153.10 Crore and up 4.21 % from last year same quarter Sales of Rs 156.60 Crore Company reported net profit after tax of Rs 70.00 Crore in latest quarter.

Investment Rationale

The brokerage values IndiaMART on a DCF basis at INR5,830 per share (+17% upside), on an assumption of 11% WACC and 5% terminal growth rate, implying a oneyear forward multiple of 55x.

Promoter/FII Holdings

Promoters held 52 per cent stake in the company as of Sept 30, 2020, while FIIs held 22.3 per cent, DIIs 5.7 per cent and public and others 20 per cent.

Published
Categorized as Top Stories

Latest Posts

A new dawn for dreams: IndiaMART’s efforts in Sahabapur...

Posted on June 10, 2025

Somewhere in the streets of Fakharpur in the Bahraich district, a change unfolded in the walls of the Upper Primary School. The school, once lacking...

Read More

Kaam Yahin Banta Hai: Building Trust, One Bet at...

Posted on May 28, 2025

In the vast and dynamic world of B2B commerce, trust, selection, and value are paramount. India’s leading online B2B marketplace, IndiaMART, is once again reinforcing...

Read More

Leaving No Dreams Behind: IndiaMART Transforms Sadat Inter College

Posted on May 21, 2025

In the quiet town of Nanpara in the Bahraich district, a remarkable transformation is taking place at Sadat Inter College. Established in 1937, this institution...

Read More