Indiamart Intermesh Ltd.: History, Latest Updates, Milestones, Subsidiaries and Share Price

INTRODUCTION

 IndiaMART InterMESH Ltd. is India's largest B2B online marketplace, serving as a vital bridge between buyers and suppliers. Headquartered in Noida, the platform has transformed into a significant player in the Indian e-commerce landscape. With over 194 million registered buyers and 7.9 million sellers, IndiaMART hosts an expansive catalog of over 108 million products spanning across 98,000 product categories. The company operates in 56 industry groups, making it a crucial hub for business interactions in India. Founded in 1996 by Dinesh Agarwal and Brijesh Agrawal, IndiaMART has grown steadily, leveraging its digital platform to simplify business-to-business transactions. In addition to its Noida headquarters, it has a widespread presence with branch offices in cities like Mumbai, Bengaluru, and Chennai, among others. 

Investors often keep a close eye on the IndiaMART share price, as it reflects the company’s performance and market standing, driven by its continuous growth and innovation in the B2B segment.

 

Indiamart Intermesh Ltd moves in 2024:

IndiaMART InterMESH Ltd. has seen significant progress in 2024, demonstrating robust financial growth and a positive trajectory in its operations. The company’s performance this year has been marked by strong revenue growth, impressive profitability, and strategic expansion in the B2B sector. Here are some key highlights of IndiaMART's activities and financial results in 2024, with a focus on IndiaMART share price trends:

 

• Q4 FY2024: IndiaMART reported a remarkable 79% increase in net profit, amounting to Rs 99.6 crore. The company achieved consolidated revenue from operations of Rs 315 crore, reflecting a 17% growth compared to the same period in the previous year. This strong quarterly performance has contributed to positive movements in the IndiaMART share price, attracting the attention of investors.

 

• Q3 FY2024: During this quarter, IndiaMART’s revenue from operations reached Rs 305 crore, showcasing a 21% increase year-on-year. The net profit for Q3 was Rs 82 crore, with a profit margin of 24%. These results underline the company's effective business strategies and operational efficiency, which have been pivotal in maintaining investor interest and supporting the IndiaMART share price.

 

• Q1 FY2024-2025: IndiaMART continued to deliver a solid financial performance in the first quarter of the new fiscal year. The company reported positive trends across key financial indicators, reflecting its sustained growth momentum and strategic focus on expanding its online marketplace.

 

• FY2024: For the full fiscal year, IndiaMART recorded a net profit of Rs 3,340 million, marking a 17.7% increase compared to FY2023. This annual growth emphasizes the company’s resilience and ability to adapt to market dynamics, contributing to steady movements in the IndiaMART share price as the company continues to strengthen its position in the B2B market.

 

These financial milestones highlight IndiaMART InterMESH Ltd.'s ongoing growth journey in 2024, backed by strong revenue generation and profitability. The consistent performance has made the IndiaMART share price a point of interest for market participants looking to tap into the growth potential of the B2B e-commerce sector.

 

Evolution of the Indiamart Intermesh Ltd: From Past to Present:

Past:

IndiaMART InterMESH Ltd. began its journey in 1996 when cousins Dinesh Agarwal and Brijesh Agrawal set out with a vision to make business transactions easier. At that time, India had only about 15,000 internet users, and the concept of e-commerce was still in its infancy. IndiaMART initially provided free listings for small and medium-sized enterprises (SMEs) and offered paid services for website design and maintenance. The platform connected Indian businesses to potential overseas buyers through an online business directory. With limited internet penetration, the company resorted to traditional methods like printing and faxing buyer inquiries to reach suppliers across various regions. Despite facing challenges, including downturns after the 9/11 attacks in 2001 and in 2011, IndiaMART’s mission of “making doing business easy” helped it steadily expand its user base and solidify its position in the B2B sector.

Present: 

Today, IndiaMART InterMESH Ltd. stands as India’s largest B2B online marketplace, with 194 million registered buyers and 7.9 million supplier storefronts as of March 2024. The company has evolved significantly, embracing digital advancements to offer a seamless online platform for buyers and sellers. It operates on a subscription-based model, utilizing disruptive technologies to enhance user experience and drive business growth. IndiaMART’s acquisition of companies like Busy Accounting Software and Livekeeping has further diversified its offerings, providing comprehensive business management solutions to its users. With over 108 million products listed in more than 98,000 categories, IndiaMART has become a key player in the Indian digital marketplace, supporting businesses across 56 industry sectors. Its successful transition to a publicly listed company in 2019 and consistent financial growth have made it a popular choice among investors, reflected in the IndiaMART share price trends. Through continuous innovation and a strong digital presence, IndiaMART remains a crucial part of India’s evolving B2B landscape.

 

Timeline of Indiamart Intermesh Ltd:

 

 

Inside the Indiamart Intermesh Ltd:  

Indiamart Intermesh Ltd

Corporate actions: IndiaMART InterMESH Ltd. declared a final dividend of Rs. 20.00 per share, which translates to a 200% dividend on its face value of Rs. 10.00. The record date and the ex-dividend date for this corporate action were set for June 7, 2024. Investors should watch the IndiaMART share price for any potential impacts from these updates.

Main News: 

• In May 2024, IndiaMART acquired a 10% stake in Baldor Technologies (IDfy), aligning with its long-term goal of offering software-as-a-service (SaaS) solutions and empowering businesses digitally while expanding their market reach.

 

• On July 31, IndiaMART share price fell nearly six percent after the company reported the addition of only 1,500 new subscribers for the quarter ending in June, significantly missing market expectations.

 

• On July 30, IndiaMART InterMESH reported a net profit of Rs. 114 crore for Q1 FY25, up 37.18% from Rs. 83.1 crore in the same quarter last year.

 

• On August 27, 2024, Indiamart Intermesh established a new wholly owned subsidiary named IIL Digital. This subsidiary aims to create a digital marketplace that caters to a wide array of business solutions tailored to meet various customer requirements.

Current Indiamart Share Price NSE

 

 

Achievements and Milestones:

 

 

CONCLUSION

In conclusion, IndiaMART InterMESH Ltd. has solidified its position as a leader in the B2B e-commerce sector through continuous innovation, strategic acquisitions, and robust financial performance. The company's impressive growth trajectory in 2024, highlighted by significant increases in revenue and net profit, underscores its resilience and adaptability in a dynamic marketplace. With a strong foundation built on over two decades of experience and a commitment to enhancing buyer-supplier interactions, IndiaMART remains a pivotal platform for businesses across India. As it continues to expand its digital offerings and explore new growth opportunities, investors will likely keep a keen eye on the IndiaMART share price, reflecting the company's ongoing journey in the evolving e-commerce landscape.

 

To gain more information on Dhani Services Limited's share price today, visit Enrich Money. Enrich Money offers a top-tier app for the Indian stock market, featuring a demat account with no AMC charges.

 

Frequently Asked Questions:

1. How does the ROA affect the Indiamart share price?

Indiamart's ROA is 10.25%, which may signal inefficiencies in converting assets into profit, potentially influencing the Indiamart share price negatively.

2. Where can I find the latest updates on Indiamart share price?

Find real-time updates and the latest share price on Enrich Money's stock analysis page here.

 

3. How does revenue growth influence the Indiamart share price?

Indiamart reported a revenue growth of 21.32%, reflecting robust performance, which can attract investors and potentially boost the Indiamart share price.

 

4. How is the operating margin related to Indiamart's share price?

The operating margin for Indiamart is 28.50%, indicating operational efficiency. A strong margin can enhance perceptions of the company and positively affect the share price.

 

5.  What is the significance of the dividend yield for the Indiamart share price?

The current dividend yield for Indiamart is 0.70%. This yield can attract income-seeking investors, potentially impacting the attractiveness and movement of the Indiamart share price.

Disclaimer:  This blog is dedicated exclusively for educational purposes. Please note that the securities and investments mentioned here are provided for informative purposes only and should not be construed as recommendations. Kindly ensure thorough research prior to making any investment decisions. Participation in the securities market carries inherent risks, and it's important to carefully review all associated documents before committing to investments. Please be aware that the attainment of investment objectives is not guaranteed. It's important to note that the past performance of securities and instruments does not reliably predict future performance.