Is IndiaMART the Best Stock in Its Sector? A Look at the Numbers

IndiaMART CMP Rs 1,616 (15 Oct 2026). Market cap Rs 9,725 Cr. ROE 19.78%. P/E 19.71x versus Industry P/E 122.81x.

Updated: 15 Oct 2026 • 9:35 am

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Is IndiaMART the Best Stock in Its Sector? A Look at the Numbers

Quick Answer

IndiaMART is one of the names investors compare when screening the Business Services sector, built on a 19.78% return on equity and a P/E of 19.71x against an Industry P/E of 122.81x. Whether IndiaMART is the best stock in its sector depends on whether an investor is optimising for return ratios, valuation, or both. This article breaks down the metrics, including a comparison against named Business Services sector peers, so you can judge that for yourself.

Is IndiaMART the best stock in its sector? The stock trades on the NSE at Rs 1,616 as of 15 October 2026, within its 52-week range of Rs 1,565.10 to Rs 2,525.90. Indiamart Intermesh Ltd, headquartered in Noida, runs one of India's largest online B2B marketplaces, connecting buyers with suppliers across many product categories.

IndiaMART sits in the Business Services sector, and its 19.78% ROE and 19.71x P/E give a starting point for judging where it stands against comparable listed names. The rest of this article compares those numbers against verified peers and the sector's Industry P/E benchmark.

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Table of Contents

About IndiaMART

Indiamart Intermesh Ltd, headquartered in Noida, runs one of India's largest online B2B marketplaces, connecting buyers with suppliers across many product categories. It earns most of its revenue from subscription packages sold to suppliers who list on the platform. The stock trades about 36 percent below its 52-week high and about 3 percent above its 52-week low. At a market capitalisation of Rs 9,725 Cr, it is tracked as part of the Business Services sector on Univest.

Is IndiaMART the Best Stock in Its Sector?

IndiaMART makes its case as the best stock in its sector primarily on valuation relative to its Industry P/E, combining a 19.78% ROE with a 19.71x P/E against the sector's 122.81x Industry P/E. IndiaMART's 19.71x P/E is below the 122.81x Industry P/E and Info Edge (India) at 41.25x, though above Justdial at 11.54x, while its 19.78% ROE is higher than Info Edge (India) at 3.82% and Justdial at 9.73%, and its debt to equity ratio of 0.01 is below Justdial at 0.02, and in line with Info Edge (India) at 0.01.

Metric	IndiaMART
CMP (NSE)	Rs 1,616.50
52-Week High / Low	Rs 2,525.90 / Rs 1,565.10
Market Cap	Rs 9,725 Cr
P/E (TTM) vs Industry P/E	19.71x vs 122.81x
P/B	4.05
ROE	19.78%
EPS (TTM)	Rs 82.04
Dividend Yield	3.71%
Debt to Equity	0.01

Compare IndiaMART Against Other Business Services Sector Stocks

How IndiaMART Compares Against Its Business Services Sector Peers

The table below sets IndiaMART against 2 other Business Services sector names, using the same live data source for every company. A peer average row is included for P/E, ROE and debt to equity, calculated across the 2 peer companies.

Company	Market Cap (Rs Cr)	P/E	ROE	Debt to Equity
IndiaMART	9,725	19.71	19.78%	0.01
Info Edge (India)	78,796	41.25	3.82%	0.01
Justdial	5,814	11.54	9.73%	0.02
Peer average (2 companies)	-	26.39	6.78%	0.01

Against this peer set, IndiaMART's 19.78% ROE is above the 6.78% peer average, and its P/E of 19.71x runs below the peer average of 26.39x. IndiaMART's 19.71x P/E is below the 122.81x Industry P/E and Info Edge (India) at 41.25x, though above Justdial at 11.54x, while its 19.78% ROE is higher than Info Edge (India) at 3.82% and Justdial at 9.73%, and its debt to equity ratio of 0.01 is below Justdial at 0.02, and in line with Info Edge (India) at 0.01.

What Makes IndiaMART Worth Watching in Business Services

Valuation: A 19.71x P/E is below the 122.81x Industry P/E and Info Edge (India) at 41.25x, though above Justdial at 11.54x.
Returns: A 19.78% ROE is higher than Info Edge (India) at 3.82% and Justdial at 9.73%.
Leverage: A debt to equity ratio of 0.01 is below Justdial at 0.02, and in line with Info Edge (India) at 0.01.

IndiaMART Valuation: Is It Justified?

IndiaMART's 19.71x P/E is below the 122.81x Industry P/E and Info Edge (India) at 41.25x, though above Justdial at 11.54x, while its 19.78% ROE is higher than Info Edge (India) at 3.82% and Justdial at 9.73%, and its debt to equity ratio of 0.01 is below Justdial at 0.02, and in line with Info Edge (India) at 0.01. As with any single stock, investors should weigh this against their own valuation discipline and risk appetite rather than the sector label alone.

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Download the Univest iOS App or Univest Android App to track IndiaMART and other Business Services sector stocks.

How to Track IndiaMART Before You Invest

Before deciding whether IndiaMART deserves its label as the best stock in its sector for your own portfolio, compare it directly against Business Services sector peers using the steps below.

Open the Univest Screener and search for IndiaMART to view live price, valuation ratios, and peer comparisons within the Business Services sector.
Compare its P/E, P/B, and ROE against other Business Services sector stocks before deciding if the current valuation fits your strategy.
Set a price alert around key support and resistance zones using the Univest app so you are notified of meaningful moves.
Open a broking account on Univest if you decide to add the stock, and size the position based on your own risk appetite and portfolio allocation.

Conclusion

IndiaMART earns a place in the best stock in its sector conversation on the strength of a 19.78% ROE and a P/E of 19.71x against a 122.81x Industry P/E, with named peer comparisons in this article backing up that picture. As with any individual stock decision, this analysis is educational and investors should do their own research or consult a SEBI-registered advisor before investing.

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).

Is IndiaMART the best stock in its sector?

Ans. There is no single definitive answer, because the best stock in a sector depends on whether an investor is prioritising returns, valuation or balance sheet strength. IndiaMART has a 19.78% ROE and trades at 19.71x P/E against a 122.81x Industry P/E. Against the 2 peers compared in this article, its ROE is above the 6.78% peer average and its P/E is below the 26.39x peer average. Its debt to equity ratio of 0.01 is below the 0.01 peer average, which matters because borrowing can inflate returns and add risk when business conditions weaken. These figures are best read together rather than in isolation, and they work as a starting point for your own research and not as a verdict.

What is the current share price of IndiaMART?

Ans. IndiaMART was trading at Rs 1,616.50 on the NSE as of 15 October 2026, within its 52-week range of Rs 1,565.10 to Rs 2,525.90. The stock trades about 36 percent below its 52-week high and about 3 percent above its 52-week low. Its market capitalisation is Rs 9,725 Cr and its EPS (TTM) is Rs 82.04, which is the earnings figure behind the 19.71x P/E. Share prices change through the trading day, so check the live quote on Univest before acting on any number here.

What sector does IndiaMART belong to?

Ans. IndiaMART is classified under the Business Services sector on Univest, and that group of listed companies is the reference point for the 122.81x Industry P/E used in this article. The 2 named peers compared here are Info Edge (India) and Justdial, chosen as comparable listed names so that the P/E, ROE and debt figures come from the same live data source. Investors who want a wider view can compare more Business Services sector stocks on the Univest Screener.

How does IndiaMART compare to its sector peers on P/E?

Ans. IndiaMART's P/E of 19.71x is below the 26.39x average of the 2 named peers, with Info Edge (India) at 41.25x and Justdial at 11.54x. It also sits below the 122.81x Industry P/E, which is the benchmark for the wider Business Services sector. A P/E that is below a peer average can reflect a valuation discount or premium, but it can also reflect different growth or return expectations, so it should be read alongside ROE and debt. Its P/B ratio of 4.05 gives one more view of how the market values its book value.

What is IndiaMART's return on equity?

Ans. IndiaMART reported a return on equity of 19.78%, which is above the 6.78% average of its named peers, with Info Edge (India) at 3.82% and Justdial at 9.73%. ROE shows how much profit a company generates on every rupee of shareholders' equity, so a higher figure generally points to more efficient use of capital. ROE is easier to trust when leverage is modest, and here the debt to equity ratio is 0.01 against a peer average of 0.01. It is worth checking whether the ROE has been stable over several years rather than relying on a single reading.

Should I invest in IndiaMART based on its sector position?

Ans. Sector position is only one input into an investment decision. IndiaMART has a 19.78% ROE and a 19.71x P/E, which make it worth researching further, and its dividend yield is 3.71%. You should also weigh its business outlook, earnings consistency, debt levels, your investment horizon and your own risk appetite before buying. Spreading money across several stocks and sectors reduces concentration risk, and this article is educational content, not investment advice. For personalised guidance, consult a SEBI-registered advisor.