Buy IndiaMART InterMESH, target price Rs 3500: ICICI Securities

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

By ETMarkets.com | Updated: Oct 13, 2023, 10.24 AM IST

Promoters held 49.22 per cent stake in the company as of 30-Jun-2023, while FIIs owned 26.76 per cent, DIIs 5.61 per cent.

ICICI Securities has buy call on IndiaMART InterMESH with a target price of Rs 3500. The current market price of IndiaMART InterMESH is Rs 2830.

IndiaMART InterMESH Ltd., incorporated in the year 1999, is a Mid Cap company (having a market cap of Rs 16995.69 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 30-06-2023, the company reported a Consolidated Total Income of Rs 339.20 Crore, up 13.26 % from last quarter Total Income of Rs 299.50 Crore and up 50.37 % from last year same quarter Total Income of Rs 225.58 Crore. Company reported net profit after tax of Rs 93.70 Crore in latest quarter.

Promoter/FII Holdings
Promoters held 49.22 per cent stake in the company as of 30-Jun-2023, while FIIs owned 26.76 per cent, DIIs 5.61 per cent.

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