External reports (aggregated public sources), Value Investors Club

Value Investors Club

External reports (aggregated public sources)

Equity Bottom-Up

Key points (machine generated)<ul><li>IndiaMart is India's largest online B2B marketplace with a market cap of $2 billion.</li><li>The company has a 60% market share of B2B e-commerce in India, indicating a large potential for growth.</li><li>IndiaMart benefits from a negative working capital business model, upfront supplier subscription payments, and a net cash balance sheet. It also has the option to invest in new business lines to expand its monetization opportunities. Despite limited advertising spend, the platform attracts over 1 billion in traffic.</li></ul>This article is sourced from an online content aggregator through publicly available sources and is displayed below for general informational purposes only. This article was originally published 3 months ago on Value Investors Club.

Key points (machine generated)IndiaMart is India's largest online B2B marketplace with a market cap of $2 billion.The company has a 60% market share of B2B e-commerce in India, indicating a large potential for growth.IndiaMart benefits from a negative working capital business model, upfront supplier subscription payments, and a net cash balance sheet. It also has the option to invest in new business lines to expand its monetization opportunities. Despite limited advertising spend, the platform attracts over 1 billion in traffic.This article is sourced from an online content aggregator through publicly available sources and is displayed below for general informational purposes only. This article was originally published 3 months ago on Value Investors Club.

Indiamart Intermesh (INDIAMART) - Friday, Oct 20, 2023

External broker reports(aggregated public sources), Axis Direct

Axis Direct

External broker reports(aggregated public sources)

Axis Direct is the flagship brand under Axis Securities Limited, a subsidiary of Axis Bank in India. 

Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only. Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

Thematic (Sector/Industry)

<ul><li>Despite the delay in automation spending, deal wins remained strong during the quarter.</li><li>Many Indian IT service companies reported the highest-ever order book despite the lack of near-term visibility.</li><li>The attrition rate has dropped as we see some easing on the supply side. This would help IT service companies improve their operating margins.</li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Despite the delay in automation spending, deal wins remained strong during the quarter.Many Indian IT service companies reported the highest-ever order book despite the lack of near-term visibility.The attrition rate has dropped as we see some easing on the supply side. This would help IT service companies improve their operating margins.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

<ul><li>Indiamart Intermesh Ltd (Indiamart) reported revenue of Rs 295 Cr in Q2FY24, up 5% QoQ and 23% YoY, which stood in line with our expectations.</li><li>The company’s operating profit stood at Rs 80 Cr, reporting a growth of 15% on a QoQ basis, which was led by lower employee costs during the quarter.</li><li>Its operating margins improved by 240bps to 27%, largely driven by moderated employee expenses.</li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Indiamart Intermesh Ltd (Indiamart) reported revenue of Rs 295 Cr in Q2FY24, up 5% QoQ and 23% YoY, which stood in line with our expectations.The company’s operating profit stood at Rs 80 Cr, reporting a growth of 15% on a QoQ basis, which was led by lower employee costs during the quarter.Its operating margins improved by 240bps to 27%, largely driven by moderated employee expenses.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Indiamart Intermesh Ltd - Robust Result; Market Share Gain Continues

External broker reports(aggregated public sources), HDFC Securities

HDFC Securities

HDFC securities is the best online trading platform for stocks, IPOs, mutual fund in India. 

Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only. Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

<ul><li>Exchanges: MCX revenue is expected to increase by 12% QoQ, led by growth in options revenue (+30% QoQ)</li><li>The higher payout to erstwhile tech vendors will impact profitability for Q2 and Q3 of FY24E</li><li>MCX will post an EBITDA/PAT loss in Q2. Post the tech transition the focus is on stabilising the new system and getting the volume back to normal level</li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Exchanges: MCX revenue is expected to increase by 12% QoQ, led by growth in options revenue (+30% QoQ)The higher payout to erstwhile tech vendors will impact profitability for Q2 and Q3 of FY24EMCX will post an EBITDA/PAT loss in Q2. Post the tech transition the focus is on stabilising the new system and getting the volume back to normal levelContent is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Exchanges, Staffing and Internet (Q2FY24E Results Preview): On growth path

<ul><li>Despite the delay in automation spending, deal wins remains strong this quarter.</li><li>Many of India's IT service companies reported the highest order book despite the lack of near-term visibility.</li><li>The attrition rate has dropped as we see some easing on the supply side.</li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Despite the delay in automation spending, deal wins remains strong this quarter.Many of India's IT service companies reported the highest order book despite the lack of near-term visibility.The attrition rate has dropped as we see some easing on the supply side.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

India

IndiaMart InterMesh Limited operates as an e-commerce company. The Company offers air coolers, tower fans, washing machines, mixer grinders, barcode printers, steel pipes, tubes, water tanks, roofing supplies, mobile phones, computers, automobile parts, and machine tools. IndiaMart Intermesh markets its products in India

Price Gauge
52-week Range	0.00 - 0.00
Market Cap (USDm)	0.00
P/E	0.00
Dividend (Yield)	0.00

IndiaMart (INMART IN)

Indiamart Intermesh (INDIAMART) - Friday, Oct 20, 2023

IndiaMart is India's largest online B2B marketplace with a market cap of $2 billion.The company has a 60% market share of B2B e-commerce in India,...

Value Investors Club

Top Sector Ideas - IT Services

Despite the delay in automation spending, deal wins remained strong during the quarter. Many Indian IT service companies reported the highest-ever...

Axis Direct

Exchanges, Staffing and Internet (Q2FY24E Results Preview): On growth path

MCX will post an EBITDA/PAT loss in Q2. Post the tech transition the focus is on stabilising the new system and getting the volume back to normal...

HDFC Securities

Top Sector Ideas - IT Services

Despite the delay in automation spending, deal wins remains strong this quarter. Many of India's IT service companies reported the highest order...

Axis Direct

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)