Indiamart Inter. (INDIAMART)

FairStock Score: 78/100 — STEADY

Score breakdown: P/E: 1/3 · ROCE: 2/2 · Growth: 2/2 · Dividend: 0/1

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

I look at Indiamart as a quality Internet & Catalogue Retail business, not a speculative story. At ₹1,789.90, market cap is ₹12,811 Cr. The numbers show a genuinely profitable enterprise: ROE 23.15%, ROCE 34.24%, debt/equity only 0.01, latest quarter sales ₹402 Cr with net profit ₹188 Cr, and free cash flow ₹137 Cr. Piotroski F-Score 8/9 and Altman Z-Score 3.13 reinforce balance-sheet strength. Growth is respectable, not explosive: 5-year revenue CAGR 16.78%, current sales growth 11.40%, profit growth 11.90%. Promoter holding 49.12% and dividend yield 1.66% add some comfort. High ROCE suggests a durable competitive advantage, but I must be careful not to overpay for it. Valuation is where Graham would push back. P/E is 21.88, P/B 4.85, EV/EBITDA 15.22. The Graham Number is ₹903.69 and DCF intrinsic value is ₹1,219.36. Against ₹1,789.90, margin of safety is -135.92%; I am paying well above conservative intrinsic estimates. The 52-week range is ₹1,574.85 to ₹2,525.90, so today's price is below the high but still far above my value anchors. FairStock Score 78/100 (STEADY) fits a Stalwart: steady growth, high returns, low leverage. I would call it a wonderful business at a full price. Existing holders can stay for the steady compounding, but a new Buffett-style purchase needs a larger discount. Wait for price nearer intrinsic value or for growth/FCF to accelerate. Until then, watch, don't chase.

The full AI analysis, bull and bear case and key monitorables are in FairStock Pro.

Data from BSE/NSE filings. AI analysis is for educational purposes only — not investment advice. Scoring methodology · Disclaimer