Indiamart Intermesh Share Price Target 2027: Base and Bull Targets Built on FY26 Earnings
- October 9, 2026
- Posted by: Lakshit Sharma
- Category: Market
Indiamart Intermesh share price Rs 1,616.00 (9 October 2026). Base target Rs 1,917, bull Rs 2,303, downside risk Rs 1,281. PE 19.53. 52W range Rs 1,565.10 to Rs 2,525.90.
Quick Answer
The Indiamart Intermesh share price target for 2027 is Rs 1,917, about 18.6% above the current price of Rs 1,616.00. The bull case is Rs 2,303, and the downside risk level, which is not a target, is Rs 1,281. The base case assumes earnings per share grow 19.6% a year, the pace seen from FY24 to FY26, with the stock holding its PE of 19.53. These are model-based estimates built from reported financials, not guaranteed outcomes.
Investors weighing an Indiamart Intermesh target price for 2027 should start with where the stock sits today. At Rs 1,616.00 on 9 October 2026, it is 36.0% below its 52-week high of Rs 2,525.90 and 3.3% above its 52-week low of Rs 1,565.10. That range spans 61% from low to high, so the entry point matters as much as the Indiamart Intermesh price forecast itself.
This article builds the Indiamart Intermesh share price target from reported numbers only: five years of annual results, the last five quarters, the latest shareholding pattern and current valuation ratios from company filings and exchange data. Each scenario shows its assumptions, so you can see exactly how the Rs 1,917 base case and the Rs 2,303 bull case were reached, along with a downside risk level of Rs 1,281.
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Indiamart Intermesh Stock Analysis: Company Overview and Key Stats
Indiamart Intermesh (NSE: INDIAMART) has a market capitalisation of Rs 9,637 crore. In FY26 it reported revenue of Rs 1,773 crore and net profit of Rs 474.68 crore. The table collects the figures the Indiamart Intermesh share price target is built on.
| Metric | Value |
|---|---|
| Company | Indiamart Intermesh |
| NSE Ticker | INDIAMART |
| CMP (9 October 2026) | Rs 1,616.00 |
| 52-Week High | Rs 2,525.90 |
| 52-Week Low | Rs 1,565.10 |
| Market Cap | Rs 9,637 crore |
| PE Ratio (TTM) | 19.53 |
| Industry PE | 124.53 |
| Price to Book | 4.01 |
| Return on Equity | 19.78% |
| Debt to Equity | 0.01 |
| EPS (TTM) | Rs 82.04 |
| Dividend Yield | 3.74% |
| 12-Month Base Target | Rs 1,917 |
| Bull Case | Rs 2,303 |
| Downside Risk Level (not a target) | Rs 1,281 |
Why Is Indiamart Intermesh Share Price Target Set at Rs 1,917 for 2027?
The base-case Indiamart Intermesh stock target of Rs 1,917 applies a PE multiple of 19.53 to a forward EPS estimate of Rs 98.14. That EPS assumes 19.6% yearly growth, the pace from FY24 to FY26, and puts the target 18.6% above the current price. The bull case adds faster earnings growth and a higher multiple, while the downside risk level assumes flat earnings and a lower multiple.
Earnings Growth Behind the Indiamart Intermesh Target Price: Five Years of Results
Indiamart Intermesh grew revenue from Rs 865.68 crore in FY22 to Rs 1,773 crore in FY26, a compound annual growth rate of 19.6%. Net profit grew more slowly, from Rs 297.62 crore to Rs 474.68 crore (12.4% a year), which points to margin pressure alongside the sales growth.
| Financial Year | Revenue (Rs Cr) | Net Profit (Rs Cr) | EPS (Rs) | Dividend per Share (Rs) |
|---|---|---|---|---|
| FY22 | 865.68 | 297.62 | 96.84 | 2.00 |
| FY23 | 1,165.92 | 283.83 | 46.32 | 20.00 |
| FY24 | 1,407.38 | 333.95 | 55.04 | 20.00 |
| FY25 | 1,660.76 | 550.70 | 91.59 | 50.00 |
| FY26 | 1,773.14 | 474.68 | 78.77 | 60.00 |
FY26 revenue growth was 6.8%, slower than the four-year average of 19.6%, and net profit moved down 13.8%. EPS rose from Rs 55.04 in FY24 to Rs 78.77 in FY26. The FY27 outlook depends on whether that EPS estimate keeps compounding.
Margins and the Latest Quarter
Indiamart Intermesh converted 26.8% of FY26 revenue into net profit, against 33.2% in FY25, within a five-year range of 23.7% to 34.4%. EBITDA margin was 38.3% in FY26 versus 44.9% in FY25.
In the June 2026 quarter, revenue was Rs 521.10 crore, up 12.2% from the same quarter a year earlier, while net profit of Rs 172.20 crore was up 12.2%. EBITDA came in at Rs 253.20 crore, up 12.1% year on year. The next quarterly result is the first test of whether the earnings assumption holds.
Balance Sheet and Cash Flow
Debt to equity stands at 0.01, and shareholders’ equity grew from Rs 1,874 crore in FY22 to Rs 2,400 crore in FY26. Operating cash flow in FY26 was Rs 694.22 crore against capital expenditure of Rs 7 crore, leaving free cash flow of Rs 687.22 crore, or 7.1% of the current market capitalisation. In FY25 free cash flow was Rs 615.35 crore.
Valuation Check for the Indiamart Intermesh Stock Target: PE, Price to Book and ROE
At a PE of 19.53 against an industry PE of 124.53, Indiamart Intermesh trades at a discount to its industry. Price to book is 4.01 on a book value of Rs 399.12 per share, and return on equity is 19.78%. A PE of 19.53 equals an earnings yield of 5.1%, and the FY26 dividend of Rs 60.00 per share gives a yield of 3.74%.
Shareholding Pattern and Institutional Holding
Promoters held 49.07% of Indiamart Intermesh in June 2026, and promoter holding has stayed near 49.07% since June 2025. Foreign institutional investors (FII) held 19.92% and domestic institutions (DII) held 12.11%, which puts total institutional holding at 32.03%. FII holding rose from 19.22% in June 2025 to 19.92% in June 2026. Public shareholders own the remaining 18.90%. A meaningful institutional holding adds a layer of research coverage and trading depth.
Indiamart Intermesh Share Price Targets for the Short Term and 12 Months
Short Term Indiamart Intermesh Stock Target Levels: Technical Setup
At Rs 1,616.00 on 9 October 2026, Indiamart Intermesh trades below its 50-day simple moving average of Rs 1,707.29 and below its 200-day exponential moving average of Rs 1,955.30. The 14-day RSI reads 43.8, which is neutral territory, and the MACD line sits above its signal line. The nearest resistance level is Rs 1,707.29 (50-day simple moving average) and the nearest support is Rs 1,565.10 (52-week low). A sustained move above Rs 1,707.29 would improve the short-term setup, while a close below Rs 1,565.10 would shift attention to the next support.
12 Month Indiamart Intermesh Target Price for 2027
The 12-month target for Indiamart Intermesh is Rs 1,917: forward EPS of Rs 98.14 at a PE of 19.53. That is 18.6% above Rs 1,616.00. It would still leave the stock 24.1% below its 52-week high of Rs 2,525.90.
How EPS Growth and PE Multiple Change the Indiamart Intermesh Target Price
| EPS Growth | PE 15.62 | PE 19.53 | PE 22.46 |
|---|---|---|---|
| 0.0% (EPS Rs 82.04) | Rs 1,281 | Rs 1,602 | Rs 1,843 |
| 19.6% (EPS Rs 98.14) | Rs 1,533 | Rs 1,917 | Rs 2,204 |
| 25.0% (EPS Rs 102.55) | Rs 1,602 | Rs 2,003 | Rs 2,303 |
Each cell multiplies the forward EPS estimate by the PE shown. Reading across a row shows what a de-rating or re-rating does to the Indiamart Intermesh price forecast, and reading down a column shows what earnings growth is worth at a fixed multiple.
Bull Case and Downside Risk for Indiamart Intermesh Stock Target in 2027
Bull Case Rs 2,303
The bull case Indiamart Intermesh price target needs EPS growth of 25.0%, which lifts forward EPS to Rs 102.55, and a PE multiple that rises 15% to 22.46. That gives Rs 2,303, 42.5% above the current price and below the 52-week high of Rs 2,525.90.
Downside Risk Level Rs 1,281
The downside risk level is not a target. It assumes EPS stays flat at Rs 82.04 and the PE falls 20% to 15.62. That gives Rs 1,281, 20.7% below the current price and below the 52-week low of Rs 1,565.10.
| Scenario | EPS Growth | PE Multiple | Price (Rs) | Change vs CMP |
|---|---|---|---|---|
| Bull Case | 25.0% | 22.46 | Rs 2,303 | +42.5% |
| Base Case | 19.6% | 19.53 | Rs 1,917 | +18.6% |
| Downside Risk | 0.0% | 15.62 | Rs 1,281 | -20.7% |
Key Risks to the Indiamart Intermesh Target Price for 2027
Growth Slowdown Risk for the Indiamart Intermesh Price Target
Revenue in the June 2026 quarter was up 12.2% year on year, and FY26 revenue growth was 6.8%. If growth slows from here, the EPS estimate behind the Indiamart Intermesh stock target will need revising.
Liquidity and Size Risk
Indiamart Intermesh has a market capitalisation of Rs 9,637 crore. Institutional holding is 32.03%, and promoters hold 49.07%. Stocks of this size can move sharply on small volumes, and exits can take longer than entries.
Valuation and Margin Risk
Net margin was 26.8% in FY26, and a squeeze from higher costs or weaker pricing would hit earnings first. At a PE of 19.53 versus an industry PE of 124.53, a de-rating toward the downside-risk PE of 15.62 would cut the price even if earnings hold.
Market and Technical Risk
The stock trades 36.0% below its 52-week high, with an RSI of 43.8 and a MACD reading above its signal line. Broader market weakness can override company fundamentals in the short term.
How to Invest in Indiamart Intermesh
Start with the live price and volume. Any Indiamart Intermesh share price target is only as current as the data behind it, and the data here is as of 9 October 2026, so refresh the Rs 1,616.00 price before acting on any level.
Next, review the fundamentals yourself. The Univest Screener lets you check Indiamart Intermesh’s PE, ROE, debt and shareholding in one place.
Check Indiamart Intermesh fundamentals on the Univest Screener
Then compare the three Indiamart Intermesh target price scenarios with your own view. If you expect EPS growth below 19.6%, the base case is too optimistic for you; if you expect more, the bull case deserves weight.
Decide your position size and exit levels before you buy. The support and resistance levels above can serve as reference points, but they are not recommendations.
Finally, place the order through a SEBI-registered broker or the Univest app, and review the position after each quarterly result. Consult a SEBI-registered advisor if you are unsure.
Download the Univest iOS App or Univest Android App to track Indiamart Intermesh live price and get daily stock recommendations.
Conclusion
The Indiamart Intermesh share price target for 2027 is Rs 1,917 in the base case, with Rs 2,303 as the bull case. The support for that view is arithmetic you can check: EPS grew 19.6% a year over FY24 to FY26, and the stock trades at a PE of 19.53. The risks are equally concrete, including a stock that sits 36.0% below its 52-week high and a downside scenario that cuts the price 21% if earnings stall. Use these numbers as a framework, check them against the latest filings, and size any position to your own risk appetite.
Disclaimer: Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).
FAQs on Indiamart Intermesh Share Price Target 2027
What is the Indiamart Intermesh share price target for 2027?
Ans. The base-case Indiamart Intermesh share price target for 2027 is Rs 1,917, with Rs 2,303 as the bull case. The downside risk level, which is not a target, is Rs 1,281. These are model estimates from reported earnings and the current PE, not guaranteed outcomes.
What is the Indiamart Intermesh share price today?
Ans. As of 9 October 2026, 3:29 PM IST, Indiamart Intermesh trades at Rs 1,616.00, up 0.83% on the day. The 52-week range is Rs 1,565.10 to Rs 2,525.90.
Is Indiamart Intermesh a buy or sell at the current price?
Ans. The data is mixed rather than one-sided: EPS has grown 19.6% a year over FY24 to FY26, but the stock is 36.0% below its 52-week high. Whether Indiamart Intermesh fits your portfolio depends on your time horizon and risk appetite, so consult a SEBI-registered advisor before investing. This article is not investment advice.
What are the bull case target and downside risk level for Indiamart Intermesh shares?
Ans. The bull case target is Rs 2,303, which assumes 25.0% EPS growth and a PE of 22.46. The downside risk level is Rs 1,281, which assumes flat EPS and a PE of 15.62. It marks a risk, not a target.
What are the main risks to the Indiamart Intermesh price target?
Ans. The main risks are slower revenue growth, a small market capitalisation of Rs 9,637 crore, a PE de-rating and short-term weakness in the broader market. Each is covered in the risk section above.
What is the PE ratio of Indiamart Intermesh and how does it compare with the industry?
Ans. The PE ratio of Indiamart Intermesh is 19.53 against an industry PE of 124.53. Price to book is 4.01 and return on equity is 19.78%. The base case in the Indiamart Intermesh price target holds this PE constant.
Who owns Indiamart Intermesh, and what is the promoter holding?
Ans. Promoters held 49.07% of Indiamart Intermesh in June 2026. FII held 19.92%, DII held 12.11% and the public held 18.90%.
What were Indiamart Intermesh’s latest quarterly results?
Ans. In the June 2026 quarter, Indiamart Intermesh reported revenue of Rs 521.10 crore (up 12.2% year on year) and net profit of Rs 172.20 crore (up 12.2%).