Buy IndiaMART InterMESH, target price Rs 3250: Anand Rathi

Anand Rathi has buy call on IndiaMART InterMESH with a target price of Rs 3250. The current market price of IndiaMART InterMESH Ltd. is Rs 2801.05.

IndiaMART InterMESH Ltd., incorporated in the year 1999, is a Mid Cap company (having a market cap of Rs 16800.46 Crore) operating in Services sector.

IndiaMART InterMESH Ltd. key Products/Revenue Segments include Income From Information Services for the year ending 31-Mar-2023.



Financials
For the quarter ended 31-03-2024, the company reported a Consolidated Total Income of Rs 391.90 Crore, up 12.94 % from last quarter Total Income of Rs 347.00 Crore and up 30.85 % from last year same quarter Total Income of Rs 299.50 Crore. Company reported net profit after tax of Rs 111.20 Crore in latest quarter.


Promoter/FII Holdings
Promoters held 49.21 per cent stake in the company as of 31-Mar-2024, while FIIs owned 23.08 per cent, DIIs 10.6 per cent.