Case study

INDIAMART

IndiaMART InterMESH

Mixed signals1y model -15.9%

Each stock's 10,000-path forecast, rendered as light.

0Score

IndiaMART InterMESH (INDIAMART) Stock Analysis & Case Study

Is INDIAMART a good buy? The data-driven verdict.

IndiaMART InterMESH (INDIAMART) trades at ₹2,050,on the numbers it mixed signals, a Downstox Snapshot Score of 52/100.

On the numbers, IndiaMART InterMESH (INDIAMART) mixed signals, a Downstox Snapshot Score of 52/100, weighing premium at 26.0× earnings, ROE of 20.7%, a 28% model probability of trading higher in a year. Below: the full bull case, bear case, sector-relative valuation, and a probability-weighted price target for 20272031.

Last updated . Data snapshot for research, not investment advice.

INDIAMART fundamentals at a glance, PE, PB, ROE, ROCE, market cap, dividend yield

Market cap
₹12,337 Cr
Current price
₹2,050
P/E ratio
26.0×
P/B ratio
5.14×
Book value
₹399
Dividend yield
1.46%
ROCE
28.0%
ROE
20.7%
Piotroski F-Score
4/9

Is INDIAMART overvalued? INDIAMART P/E vs its sector

INDIAMART's P/E of 26.0× sits above the sector peer median of 15.9×, so on earnings it screens richer than peers, while its 1.46% dividend yield is below the peer median of 1.65%.

INDIAMART P/E
26.0×
Peer median P/E
15.9×
INDIAMART div yield
1.46%
Peer median yield
1.65%

INDIAMART share price target 2027, 2028, 2029, 2030, 2031, a probability view

Unlike a single guessed number, this is a probability-weighted range from a 10,000-path Monte-Carlo simulation on 2.0y of INDIAMART history (-12%/yr drift, 31%/yr volatility).

YearLow (P10)Median target (P50)High (P90)Upside vs today
INDIAMART 2027₹1,196₹1,757₹2,594-16%
INDIAMART 2028₹846₹1,480₹2,556-29%
INDIAMART 2029₹629₹1,243₹2,430-41%
INDIAMART 2030₹480₹1,046₹2,269-50%
INDIAMART 2031₹367₹881₹2,084-58%

Median (P50) is the central estimate; the P10–P90 band is the 80% confidence range. Probabilities, not promises.

What is the probability INDIAMART goes up, or doubles?

28%
Higher in 1 year
Modelled chance the price is above today in 12 months
10%
Higher in 5 years
Modelled chance the price is above today in 5 years
1%
Doubles in 5 years
Modelled chance of reaching ₹4,179 within 5 years

The bull case for INDIAMART

  • High return on equity (20.7%), the business compounds shareholder capital efficiently, the hallmark of a quality franchise.
  • Strong ROCE (28.0%) shows the core business earns well above its cost of capital.
  • Upside scenario: the model's optimistic (P90) 3-year path reaches ₹2,430.

The bear case & risks

  • At 26.0× earnings the stock carries a premium to the market, strong growth is already in the price, so any miss tends to be punished.
  • The probability model is cautious 12 months out, only a 28% chance of finishing above today's price.
  • Downside scenario: the model's pessimistic (P10) 3-year path falls to ₹629.

INDIAMART volatility & expected range, how bumpy is the ride?

Over the last 2.0 years INDIAMART compounded at -12%/year with annualized volatility of 31%. That volatility implies a 1-year 80% range of ₹1,196₹2,594, the honest backbone behind any single price target.

INDIAMART price forecast, the full 60-month probability fan

Spot Price · Today
₹0
Based on 2.0 years of daily NSE data ·0.0% annualised volatility
5-yr median forecast
₹0
P(price ↑ in 5y)
0%
1-Year Forecast
2027
₹0
Median (P50)
15.9%
80% range₹1,196–₹2,594
P(price ↑)28%
P(price 2×)0%
3-Year Forecast
2029
₹0
Median (P50)
40.5%
80% range₹629–₹2,430
P(price ↑)16%
P(price 2×)1%
5-Year Forecast
2031
₹0
Median (P50)
57.8%
80% range₹367–₹2,084
P(price ↑)10%
P(price 2×)1%

INDIAMART price probability fan

Each band shows where 10,000 simulated paths land. The wider the fan, the more uncertainty.

Probability Fan
INDIAMART simulated paths · 60 months · 10,000 trials
P10–P90 (80%)P25–P75 (50%)Median (P50)

Probability of key outcomes

What are the odds INDIAMART hits common targets within the simulated horizon?

0%
P(↑ 1Y)
Above today's price in 1 year
0%
P(↑ 5Y)
Above today's price in 5 years
0%
P(2×)
Doubles within 5 years
0%
P(↓)
Falls below today in 5 years

Full multi-horizon detail on the INDIAMART price target & forecast page.

INDIAMART Piotroski F-Score: 4/9, how financially strong is it?

4/9

The Piotroski F-Score grades financial strength on nine profitability, leverage and efficiency checks. INDIAMART scores 4/9,mixed financial health.

INDIAMART MTF margin & leverage, Upstox, Zerodha, Groww, Dhan

Margin Trading Facility lets you buy INDIAMART with part of the capital. Lower margin % = higher leverage. Rates compared across brokers (no competitor publishes this):

BrokerMargin requiredApprox. leverage
UpstoxCHEAPEST28.2%3.5×
ZerodhaCHEAPEST28.2%3.5×
DhanCHEAPEST28.2%3.5×

Compare every broker on the INDIAMART MTF page.

INDIAMART vs peers,sector comparison

StockP/EDiv yieldMarket cap
INDIAMART (this stock)26.0×1.46%₹12,337 Cr
RELIANCE23.1×0.45%₹17.95L Cr
TCS14.7×3.01%₹7.69L Cr
HDFCBANK15.9×1.65%₹12.11L Cr
INFY14.4×4.51%₹4.32L Cr
ICICIBANK17.9×0.81%₹9.70L Cr
SBIN11.5×1.67%₹9.61L Cr

About IndiaMART InterMESH: sector, index & market-cap context

IndiaMART InterMESH (INDIAMART) is a small-cap NSE-listed company, and a constituent of the Nifty 200 index group, with a market capitalisation of ₹12,337 Cr. See more Nifty 200 stocks.

How the INDIAMART Snapshot Score & forecast are built

The Downstox Snapshot Score is a transparent, rules-based read of IndiaMART InterMESH's public fundamentals plus a statistical forecast, not an analyst opinion. It rewards low-to-fair valuation, high ROE/ROCE, a strong Piotroski F-Score, a dividend, low volatility and a favourable probability of upside; it penalises rich valuations, weak capital efficiency, a low F-Score and high volatility. The price target is a 10,000-path Monte-Carlo simulation on real historical volatility, a distribution, not a single guess. The bull and bear cases are generated from the same data, so you always see both sides.

This is information, not investment advice. Do your own due diligence and consult a SEBI-registered adviser before investing.

INDIAMART analysis, FAQs

Is IndiaMART InterMESH (INDIAMART) a good buy?

On the numbers, IndiaMART InterMESH (INDIAMART) mixed signals, a Downstox Snapshot Score of 52/100, weighing premium at 26.0× earnings, ROE of 20.7%, a 28% model probability of trading higher in a year. This is a data snapshot for research, not investment advice.

Is INDIAMART overvalued or undervalued?

INDIAMART trades at 26.0× earnings versus a peer median of 15.9×, so it screens richer than its sector peers.

What is the INDIAMART share price target for 2031?

INDIAMART's probability-weighted 2031 median target is ₹881, with an 80% range of ₹367₹2,084 (10,000-path Monte-Carlo).

What is the probability INDIAMART doubles in 5 years?

The modelled probability of INDIAMART reaching ₹4,179 (2×) within 5 years is 1%.

What is the bull case for INDIAMART?

High return on equity (20.7%), the business compounds shareholder capital efficiently, the hallmark of a quality franchise. Strong ROCE (28.0%) shows the core business earns well above its cost of capital.

What are the risks in INDIAMART?

At 26.0× earnings the stock carries a premium to the market, strong growth is already in the price, so any miss tends to be punished. The probability model is cautious 12 months out, only a 28% chance of finishing above today's price.

More on INDIAMART