Indiamart Intermesh share price today

Indiamart Intermesh Ltd's share price was ₹1,591.30 at the close on 4 November 2026. It has been falling for 49 weeks. That is 16.5% below its average price over the last 200 trading days. In the last 52 weeks it traded between ₹1,487 and ₹2,451, and at that close it sat 11% of the way up from that low.

A share price tends to move through four phases: moving sideways (stage 1), rising (stage 2), stalling near a high (stage 3) and falling (stage 4). Today Indiamart Intermesh Ltd is in stage 4. The phase helps read everything below.

Over the past 13 weeks it has done worse than the NIFTY 500, and it has been behind for 35 weeks running.

Over the last 7.3 years the share price moved +140% while the NIFTY 500 moved +133%, so it is ahead of the index over that whole period. It was last ahead over 13 weeks in the week of 10 April 2026. The chart above shows the 13-week comparison for every week.

This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row.

Three changes stood out: revenue up on a year earlier for 12 quarters in a row (every quarter we can compare), indian funds and insurers (DIIs) cut their stake for 3 quarters in a row and foreign funds (FIIs) raised their stake for 3 quarters in a row.

1. Revenue up on a year earlier for 12 quarters in a row (every quarter we can compare)

   In the September 2026 quarter revenue was ₹429 crore, +9.7% on a year earlier.

   Why: Revenue rose because the company earned more from each paying supplier through upgrades and add-ons. The total paying supplier base was about flat.

   Next results: check whether more suppliers join than leave after the current slight decline.

   From the earnings call on 27 Oct 2026.

2. Indian funds and insurers (DIIs) cut their stake for 3 quarters in a row

   From 16.4% to 9.6% of the company by the September 2026 quarter.

3. Foreign funds (FIIs) raised their stake for 3 quarters in a row

   From 18.3% to 20.3% of the company by the September 2026 quarter.

For July to September 2026 (the quarter ended 30 September 2026), Indiamart Intermesh reported revenue of ₹429 crore, up 9.7% from ₹391 crore a year earlier, and a profit of ₹91.0 crore, up 9.6% from ₹83.0 crore.

Indiamart Intermesh results: July to September 2026 against a year earlier

The next results, for October to December 2026, are due by 14 February 2027: listed companies must publish quarterly results within 45 days of the quarter's end (60 days for the January to March quarter).

Indiamart Intermesh's management discussed these results on a call held on 27 October 2026; what it said is further down this page.

From the company's reported quarterly results (quarter ended 30 September 2026). Revenue and profit in ₹ crore.

Indiamart Intermesh closed at ₹1,591.30 on 4 November 2026, down 35.0% from ₹2,447.50 a year earlier (7 November 2025) and down 56.9% over five years. Its highest weekly close since July 2019 was ₹4,890.45 on 5 February 2021.

Indiamart Intermesh share price: then and now

Weekly closing prices, adjusted for splits and bonuses so every price is on today’s share count. Each change is the move from that price to the 4 Nov 2026 close. A day's intraday high or low can go beyond these weekly closes.

389 weekly closes from 5 July 2019 to 4 November 2026.

4 Nov 2026: Indiamart Intermesh closed at ₹1,591.30, up 7.0% on the week and down 1.8% on the month. 27 Oct 2026: Indiamart Intermesh held its results call for July to September 2026. Management guided: Long-term IndiaMART operating margin 33%.

Earlier

• Results for July to September 2026: Revenue up 9.7% and profit up 9.6% on a year earlier.
• 19 Jun 2026: ex-date for a dividend + special dividend of ₹60 a share.

Indiamart Intermesh paid ₹30 a share in regular dividends in the 12 months to 5 November 2026 (1 payment), a yield of 1.89% at the ₹1,591.30 close on 4 November 2026. The last was a dividend + special dividend of ₹60 a share, ex-date 19 June 2026.

Indiamart Intermesh dividends since 1 April 2021

Amounts as the company declared them on the NSE. A dividend goes to whoever owns the shares before the ex-date.

Yes. Indiamart Intermesh Ltd paid out 76% of its profit as dividends in FY26, and it paid a dividend in 7 of its last 12 reported years.

From the NSE corporate-actions record, read 5 November 2026.

On the call for July to September 2026, held on 27 October 2026, Indiamart Intermesh's management guided: Long-term IndiaMART operating margin 33%.

“That is the reason we are okay with letting go of 10-20% of the current business inquiries, and that is why we are spending where it matters.”Dinesh Agarwal, on the call for July to September 2026

What management guided

• Busy billing growth 20-30% from Q3 on normalized base.
• Growth to balance between value and volume over next 2-3 years.
• Heavy sales reinvestment once silver churn handling improves.
• Paid marketing to perhaps double once aiming for handle improves.

Management’s own plans and goals, from our notes of the call. A plan is not a result.

Source: the call transcript.

From the call for July to September 2026, 27 October 2026.

When Indiamart Intermesh reports October to December 2026, these are the 2 checks that show whether the story is still on course. First: Supplier net adds turn positive versus current slight decline - per pause on sales push until silver handling improves.

Indiamart Intermesh is on 2 of our India lists: 52 week high & low and Dividend stocks.

Indiamart Intermesh Ltd earned ₹91.0 Cr of net profit in the Sep 2026 quarter, +9.6% on the same quarter a year earlier. That is the 2nd quarter in a row of profit growth. Full-year FY26 profit was ₹475 Cr. That is 21.2% of the quarter's revenue. The same quarter a year earlier earned ₹83.0 Cr.

Net profit is what is left after every cost, interest and tax. Earnings per share, dividends and book value all grow from it.

For the full year, FY26 profit was ₹475 Cr (−13.8% on the year before).

Why profit moved: revenue changed +9.7% on a year earlier and the margin moved +4.0 percentage points. Most of the change came from keeping more of each sale.

On average over the last four quarters, profit changed +1.1% and revenue +12.1%. Profit is growing slower than sales: rising costs are taking part of the growth.

Indiamart Intermesh Ltd reported ₹429 Cr of revenue in the Sep 2026 quarter, +9.7% on the same quarter a year earlier. That is the 12th quarter in a row with growth on the year before. Over 10 years it has grown 20.0% a year on average. The last full year, FY26, came in at ₹1,569 Cr.

Revenue is everything the company billed its customers in the period.

The last four reported quarters add to ₹1,649 Cr.

FY26 revenue was ₹1,569 Cr, +13.0% on the year before.

Recent pace: the last four quarters grew +12.1% on average, against 20.0% a year over the longer run, so this year is growing slower than its own long-run rate.

Is growth speeding up? Revenue over the last 12 months grew +12.0%, against +12.7% a year over the last 8 quarters (stabilising); profit over the last 12 months grew −7.1%, against +7.8% a year (rolling over).

Indiamart Intermesh Ltd's operating margin was 34.0% in the Sep 2026 quarter, 4.0 percentage points higher than the same quarter a year ago. Across 12 years it has been between −47.0% and 49.0%. The latest quarter is within that range.

Operating margin is what is left from every ₹100 of sales after the costs of running the business, before interest and tax. It shows pricing power and cost control.

Why the margin moved: operating margin changed +3.8 percentage points on the year while gross margin changed +0.0 points. So the gain came mostly from costs below the gross margin, such as staff and overheads, measured against sales.

Over the last 3 years, 138% of Indiamart Intermesh Ltd's reported profit came in as cash from its operations, so the profit is backed by cash. In FY26 it brought in ₹694 Cr of operating cash against ₹475 Cr of profit. After ₹7.0 Cr of spending on assets, ₹687 Cr was left over as free cash.

The profit and loss account shows what was earned. The cash-flow statement shows the cash that actually came in. Comparing operating cash flow with profit is one of the best checks that a profit is real.

Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year.

Why 138% of profit came in as cash: the cash cycle stayed about the same between FY21 and FY26, so the cash follows profit, not the cycle.

What to look at next: no single use of cash stands out. The next section checks both the cash tied up in daily operations and the spending on assets.

Indiamart Intermesh Ltd's cash cycle, the days between paying suppliers and getting paid by customers, was 1 days in FY26, down from 1 days in FY21. It spent ₹38.0 Cr on assets over the last 3 years.

Working capital is the cash tied up between paying suppliers and getting paid. Debtor days: how long customers take to pay. Inventory days: how long stock sits. The cash cycle: the whole loop, in days of sales.

At FY26 sales of ₹1,569 Cr, each day of that cycle ties up about ₹4.3 Cr, so roughly ₹4.0 Cr is tied up in the business at any time.

Spending on assets: ₹38.0 Cr over the last 3 years, against ₹97.0 Cr of depreciation (the yearly wear and tear on existing assets). So it is spending about what it takes to replace what wears out, or less. Work still in progress is ₹0.0 Cr (FY26): assets paid for that are not earning yet.

In short: neither the daily cycle nor new spending is soaking up the cash, so the picture is fairly clean.

Indiamart Intermesh Ltd's P/E is 19.1×, about the lowest it has ever been. Its usual P/E (the middle reading) is 50.2×, over 7.3 years of weekly prices. This compares the share price with the company’s own past. It does not say what the business is worth.

P/E is the share price divided by a year's profit per share: how many rupees the market pays for each rupee of yearly profit.

Why the multiple is where it is: over the past year earnings per share moved −13.9% while the price moved −35.0%. Earnings did better than the price, which pulled the multiple down within its own range.

Where the price move came from: over 5 years the price moved −15.5% a year; about +10.8% a year came from earnings growth and about −26.3 percentage points from the multiple (the market paying less). The split is approximate (price return minus earnings growth). It shows how much of the move came from the market paying a different multiple.

In short: the multiple is low against its own past, so the earnings trend underneath matters more than the multiple.

Indiamart Intermesh Ltd's business is getting worse. Profit and EPS growth are shrinking: profit growth is −7.1% in the latest quarter, against +65.0% at its best in 12 quarters, with ROCE falling at 22.4%. This is based on 12 quarters of 4 measures.

Every business is somewhere on a path of getting better or worse, and this section names where. The last 12 quarters of growth in revenue, profit and earnings per share, plus the return the business earns on its capital, are read as lines. Getting worse: the lines are falling. Turning around: a low point has just formed and the last few quarters are rising from it. Getting better: the rise from the low has lasted. Growing steadily: steady growth with healthy returns. Slowing from a peak: still high, but slowing. When the lines disagree the result is mixed; too little history means no reading. CAGR (compound annual growth rate) is the steady yearly rate that would turn the starting value into the latest one. It is the fairest way to compare growth over different periods. If the 1-year figure is much bigger than the 10-year one, recent growth is running faster than the long-run trend. A dash means there is no figure for that period, or the starting year was a loss, where a growth rate means nothing.

Why it matters: falling lines mean any ratio below that looks low should be read with that direction in mind.

Compound annual growth rate (%)

Compound annual growth rate over each period, %. Revenue, profit and EPS come from yearly figures; the share price row is price growth over the same periods. A dash means no figure for that period, or the starting year was a loss.

Indiamart Intermesh Ltd earned a ROCE of 28% in FY26. That is up from a low of 19% in FY23. Its return on capital used (ROIC) is 3.1 percentage points above its cost of capital, so growth here adds value, not just size. It comes from a 30.3% net margin and 0.34× asset turnover (sales divided by assets).

Return on capital employed (ROCE) is the profit the whole business earns on all the money in it, from shareholders and lenders together. It is the best single test of whether growth adds value or just size.

Why the return is what it is (FY26): a 30.3% net margin × 0.34× asset turnover × 1.93× leverage (assets divided by equity) ≈ 19.9% on equity. The margin does most of the work; borrowing is a big part of it.

The key test, return on capital used minus the cost of capital: 15.1% − 12.0% = +3.1 percentage points. The 12.0% is a standard assumption for the cost of capital in India, not an estimate for this company. Read the sign and size of the gap, not the decimals. Positive but thin: it creates value with little room for error.

Indiamart Intermesh Ltd has total debt of ₹20.0 Cr against shareholder equity of ₹2,316 Cr as of Sep 2026, so its debt is 0.01× its equity, which is very little. Year by year, that ratio went from 0.03 in FY22 to 0.01 in FY26. So the returns on this page come from the business, not from borrowed money.

Debt-to-equity shows how much of the business is paid for with borrowed money. Lower is safer, and the direction matters as much as the level.

Foreign institutions cut their stake in Indiamart Intermesh Ltd by 3.5 percentage points over 8 quarters, the biggest change among its owners. Foreign institutions now own 20.3% of the company. Domestic institutions moved −2.5 points over the same period, to 9.6%. This uses the four owner groups that companies report every quarter; nothing is guessed between filings.

Who owns the company each quarter: promoters (the founders or controlling owners), foreign institutions, domestic institutions such as mutual funds, and the public. When people close to the business steadily raise their stake, that is worth noticing; a quiet list is also an answer.

Over the last two years: Foreign institutions: −3.5 points over 8 quarters, to 20.3%; Domestic institutions: −2.5 points over 8 quarters, to 9.6%; Promoters: −0.1 points over 8 quarters, to 49.1%.

Why the owners changed: foreign institutions drove it (−3.5 points), together with domestic institutions (−2.5 points). They reduced their stake.