Buy IndiaMART InterMESH, target price Rs 3550: Motilal Oswal


Motilal Oswal has given purchase score to IndiaMART InterMESH with a goal value of Rs 3550. The share value moved up by 3.28 per cent from its earlier shut of Rs 2985.10. The inventory’s final traded value is Rs 3083.

IndiaMART InterMESH Ltd., integrated within the 12 months 1999, is a Mid Cap firm (having a market cap of Rs 8620.71 Crore) working in Providers sector.

For the quarter ended 30-06-2020, the corporate reported a Consolidated gross sales of Rs 153.10 Crore, down 9.99 % from final quarter Gross sales of Rs 170.10 Crore and up 3.94 % from final 12 months similar quarter Gross sales of Rs 147.30 Crore Firm has reported internet revenue after tax of Rs 74.50 Crore in newest quarter.

Funding Rationale
The DCF-based goal value of INR 3,550 is arrived with an assumption of 11% WACC and 5% terminal development fee. TP implies upside of 19%. Threat components embrace increased mortality in provider base and potential entry of a money wealthy world participant.

Promoter/FII Holdings
Promoters held 52.Three per cent stake within the firm as of June 30, 2020, whereas FIIs held 15.Three per cent, DIIs 3.eight per cent and public and others 28.6 per cent.


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