Latest news with #IndiaMart
Time of India
3 hours ago
- Business
- Time of India
Indiamart surges 6% as Nuvama turns bullish, lifts target to Rs 3,800, brokerage sees subscriber revival
Shares of IndiaMart Intermesh jumped over 6% to Rs 2,650 on Tuesday after Nuvama Institutional Equities upgraded the stock to 'Buy' from 'Reduce' and raised the target price to Rs 3,800, citing an impending demand upcycle. "We upgrade IndiaMart from 'REDUCE' to 'BUY' — following earlier downgrades in Oct-23 to 'HOLD' and Oct-24 to 'REDUCE' — as we believe the business is entering a new demand upcycle," the brokerage said in a note, according to an ET report. IndiaMart shares were trading at a one-year forward price-to-earnings multiple of 28x, compared to the historical average of 45x. Despite Tuesday's rally, the stock remains down nearly 3% over the past year. Nuvama said the new cycle is expected to begin with an improvement in traffic and unique business enquiries, followed by a rise in net subscriber additions and an eventual acceleration in collection growth. The brokerage has increased its earnings estimates by 9–10% for FY26 and FY27, driven by higher revenue projections, though it has trimmed profitability expectations. The target valuation multiple was revised upwards from 22x to 35x — the level prior to the October downgrade — citing improved growth prospects. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like 75% off installation for LeafFilter LeafFilter Gutter Protection Learn More Undo The new price target is Rs 3,800, up from Rs 2,100 earlier. According to Nuvama, IndiaMart's management has undertaken structural reforms including platform improvements, partial insourcing of the sales force, and increased investment in branding and marketing. It also highlighted a shift in platform dynamics, noting that the company has reduced the number of supplier enquiries from seven to fewer than four, helping cut supplier competition. 'Moreover, investing in attracting buyers will ensure there is plenty of enquiry volume for everyone to flourish. We believe headwinds have bottomed out and these investments are ready to deliver results. We reckon an improvement in subscriber additions shall occur by Q2/Q3, which will lead to a revival in collection growth,' the report added, quoting Nuvama. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
Time of India
9 hours ago
- Business
- Time of India
IndiaMart shares get Rs 3,800 target price, stock jumps 6%
Shares of IndiaMart Intermesh jumped around 6% to the day's high of Rs 2,650 on the BSE today after domestic brokerage firm Nuvama Institutional Equities upgraded the stock to Buy and raised the target price to Rs 3,800. 'We upgrade IndiaMart from 'REDUCE' to 'BUY'—following earlier downgrades in Oct-23 to 'HOLD' and Oct-24 to 'REDUCE'—as we believe the business is entering a new demand upcycle,' Nuvama said. IndiaMart shares were trading at a one-year forward P/E of 28x, compared to the historical average of 45x. The stock is still down around 3% over the past year. Arguing that a new demand cycle will begin—starting with improvement in traffic and unique business enquiries, followed by a rise in net subscriber additions and, ultimately, an acceleration in collection growth—the brokerage said valuation should rerate as the management focuses on enhancing customer engagement metrics. 'We are increasing earnings estimates by ~9–10% for FY26E/27E, driven by higher revenue growth, though we are lowering profitability expectations. Live Events We are raising the target valuation multiple from 22x to 35x—the same as the pre-downgrade level—due to improving growth prospects, thereby increasing the target price from Rs 2,100 to Rs 3,800,' Nuvama noted. Stating that the company's management has made several changes to address structural issues—such as improving the platform, insourcing part of the sales force, and now investing in branding and marketing—Nuvama said IndiaMart is on the right path. The company has reduced the number of supplier enquiries from ~7 to fewer than 4, thereby reducing competition among suppliers. 'Moreover, investing in attracting buyers will ensure there is plenty of enquiry volume for everyone to flourish. We believe headwinds have bottomed out and these investments are ready to deliver results. We reckon an improvement in subscriber additions shall occur by Q2/Q3, which will lead to a revival in collection growth,' it added.
Economic Times
9 hours ago
- Business
- Economic Times
IndiaMart shares get Rs 3,800 target price, stock jumps 6%
Shares of IndiaMart Intermesh jumped around 6% to the day's high of Rs 2,650 on the BSE today after domestic brokerage firm Nuvama Institutional Equities upgraded the stock to Buy and raised the target price to Rs 3,800. ADVERTISEMENT 'We upgrade IndiaMart from 'REDUCE' to 'BUY'—following earlier downgrades in Oct-23 to 'HOLD' and Oct-24 to 'REDUCE'—as we believe the business is entering a new demand upcycle,' Nuvama said. IndiaMart shares were trading at a one-year forward P/E of 28x, compared to the historical average of 45x. The stock is still down around 3% over the past year. Arguing that a new demand cycle will begin—starting with improvement in traffic and unique business enquiries, followed by a rise in net subscriber additions and, ultimately, an acceleration in collection growth—the brokerage said valuation should rerate as the management focuses on enhancing customer engagement metrics.'We are increasing earnings estimates by ~9–10% for FY26E/27E, driven by higher revenue growth, though we are lowering profitability are raising the target valuation multiple from 22x to 35x—the same as the pre-downgrade level—due to improving growth prospects, thereby increasing the target price from Rs 2,100 to Rs 3,800,' Nuvama noted. ADVERTISEMENT Stating that the company's management has made several changes to address structural issues—such as improving the platform, insourcing part of the sales force, and now investing in branding and marketing—Nuvama said IndiaMart is on the right path. The company has reduced the number of supplier enquiries from ~7 to fewer than 4, thereby reducing competition among suppliers.'Moreover, investing in attracting buyers will ensure there is plenty of enquiry volume for everyone to flourish. We believe headwinds have bottomed out and these investments are ready to deliver results. ADVERTISEMENT We reckon an improvement in subscriber additions shall occur by Q2/Q3, which will lead to a revival in collection growth,' it added. (You can now subscribe to our ETMarkets WhatsApp channel)
Time of India
28-05-2025
- Business
- Time of India
IndiaMart reiterates shopping with trust through its latest campaign
HighlightsIndiaMart has launched a new campaign titled 'Kaam Yahin Banta Hai', emphasizing benefits such as a wide variety of products, convenience, and competitive pricing with a focus on trust. The campaign features a series of advertisements showcasing a playful banter between a father and son, highlighting the father's traditional business methods and the son's tech-savvy approach using IndiaMart. Dinesh Gulati, Chief Operating Officer of IndiaMart, stated that the campaign embodies the company's commitment to providing access to an unmatched variety of goods at competitive prices, reinforcing the idea that 'Kaam Sach Mein IndiaMart Par Hi Banta Hai.' IndiaMart has launched its new campaign titled ' Kaam Yahin Banta Hai '. The campaign premise showcases benefits such as a large variety, convenience and the best prices, all of these with unparalleled trust that buyers can expect on the platform. The campaign series features three ad films creating a fun banter between a father-son duo and how IndiaMart swoops in to save the day. The father, a seasoned businessman accustomed to traditional sourcing and trading, is shown grappling with everyday business challenges such as arranging bulk quantities at the best prices or finding reliable suppliers . On the other hand, the son, a young, tech-savvy entrepreneur, finds better options, such as IndiaMart, to meet the business requirements easily at affordable prices. Each time, he confidently places a bet with the father - stating Lagi Shart?, a relatable expression to state a confident and a playful dare, showcasing the trustworthiness of IndiaMart. Winning the shart every time, the series reflects how every buyer-seller interaction is backed by trust, reliability and security, truly getting the business done. IndiaMart's chief operating officer Dinesh Gulati, stated, 'The campaign captures the essence of what we do every day, where trust is an implicit guarantee cutting across all interactions. That is, providing access to an unmatched variety of goods at competitive prices to crores of buyers across the country, because Kaam Sach Mein IndiaMart Par Hi Banta Hai.' The creative partner who helped bring the #KaamYahinBantaHai campaign is Art-E Mediatech . Right from conceptualising, scripting and execution, the team played a pivotal role in bringing this concept to life. Amit Dhawan, partner and chief executive officer, Art-E MediaTech, stated, 'With 'Lagi Shart?', we developed a campaign that serves as an authentic expression of IndiaMart's ethos - playful yet confident, and deeply relatable to both younger entrepreneurs of today and the conventional businessmen across India.' Watch the videos here:
Economic Times
30-04-2025
- Business
- Economic Times
IndiaMart InterMESH shares gain 4% after Q4 PAT jumps 81% YoY
Live Events IndiaMart share price history (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel The shares of IndiaMART InterMESH gained 4.2% to an intraday high of Rs 2,430 on the BSE on Wednesday, April 30, after the company reported its Q4FY25 numbers, wherein the consolidated net profit came in at Rs 180.6 marks an increase of 81.3% over the net profit of Rs 99.6 crore posted in the corresponding quarter of the previous financial year (Q4FY24).The company's consolidated revenue for the quarter stood at Rs 355 crore, registering a year-on-year growth of 12.8% as compared to Rs 315 crore in earnings before interest, tax, depreciation, and amortization (EBITDA) also saw a notable improvement, rising 47.5% to Rs 130.4 crore in Q4FY25 from Rs 88.4 crore in the year-ago this, IndiaMART's EBITDA margin expanded significantly by 863 basis points to 36.7%, up from 28.1% in Q4FY24, reflecting enhanced operational efficiency during the addition to the quarterly earnings, the company announced a final dividend of Re 1 for the financial year ended March 31, read: IndusInd Bank shares in focus after CEO Sumant Kathpalia resigns amid derivatives accounting row Following the Q4 results, domestic brokerage firm Nuvama retained a 'Reduce' rating on IndiaMART and raised the target price to Rs 2,100 from Rs 1,970. It noted that the Q4FY25 revenue stood at Rs 3.6 billion, up 12.8% YoY and in line with estimates. The EBITDA margin was 36.7%, slightly below the expected 37.6%. PAT came in at Rs 1.8 billion, ahead of the Rs 1.2 billion estimate due to fair value gains on collection growth was modest at 9% YoY. Subscriber addition remained benign, while churn stayed elevated. Silver subscriber churn continued to remain high. EPS estimates for FY26 and FY27 were revised upward by 6.9% and 7.3%, respectively. Margins remained elevated, and medium-term growth pressure the past one year, the shares of IndiaMart have declined by 11.20%, while the year-to-date (YTD) performance shows a modest gain of 2.00%. In the last six months, the stock fell 8.75%, whereas it posted gains of 12.26% over the three-month period and 12.86% over the one-month shares, on Tuesday, closed 4.3% higher at Rs 2,331.10 on the BSE.
