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IndiaMart InterMesh: Shift to online makes this B2B player a compelling proposition

Lower churn-out of subscribers, various cost reduction measures, and an asset light business model positives for IndiaMart

August 27, 2020 / 04:03 PM IST
IndiaMart InterMesh: Shift to online makes this B2B player a compelling proposition

PRO Only Highlights
Quarterly performance largely backed by improved realisations
Medium-term triggers China plus and protectionist measures for tyre industry
Valuations not inexpensive; but improved medium-term outlook

 The June quarter results of IndiaMart (CMP: Rs 3,650, Market capitalisation: Rs 10,564 crore) were above Street expectations mainly on the back of a lower churn in subscriber base and the cost reduction initiatives taken by the company. As of June, IndiaMart had a 6.1 million Indian supplier storefronts, 10.7 crore registered buyers and live product listing of nearly 6.8 crore. The promoters of IndiaMart own a 52 per cent stake in the company, which offers a B2B (business to...

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