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Indiamart Valuation Multiples
Discover revenue and EBITDA valuation multiples for Indiamart and similar public comparables like TBO.com, Upwork, Gold.com, Liquidity Services and more.
Indiamart Overview
About Indiamart
IndiaMART InterMESH Ltd operates as an online B2B marketplace for business products and services. It serves as a platform for Small and Medium Enterprises (SMEs), Large Enterprises as well as individuals. Geographically, it derives a majority of its revenue from India. It earns revenue primarily through the sale of subscription packages.
Founded
1999
HQ
Employees
6.1K
Website
Sectors
Financials (LTM)
EV
$1B
Indiamart Financials
Indiamart reported last 12-month revenue of $168M and EBITDA of $58M.
In the same LTM period, Indiamart generated $142M in gross profit, $58M in EBITDA, and $59M in net income.
Revenue (LTM)
Indiamart P&L
In the most recent fiscal year, Indiamart reported revenue of $162M and EBITDA of $81M.
Indiamart expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $168M | XXX | $162M | XXX | XXX | XXX |
| Gross Profit | $142M | XXX | $141M | XXX | XXX | XXX |
| Gross Margin | 85% | XXX | 87% | XXX | XXX | XXX |
| EBITDA | $58M | XXX | $81M | XXX | XXX | XXX |
| EBITDA Margin | 34% | XXX | 50% | XXX | XXX | XXX |
| EBIT Margin | 33% | XXX | 36% | XXX | XXX | XXX |
| Net Profit | $59M | XXX | $65M | XXX | XXX | XXX |
| Net Margin | 35% | XXX | 40% | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Indiamart Stock Performance
Indiamart has current market cap of $1B, and enterprise value of $1B.
Market Cap Evolution
Indiamart's stock price is $22.71.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $1B | $1B | -0.3% | XXX | XXX | XXX | $1.08 |
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Start Free TrialIndiamart Valuation Multiples
Indiamart trades at 6.3x EV/Revenue multiple, and 18.3x EV/EBITDA.
EV / Revenue (LTM)
Indiamart Financial Valuation Multiples
As of April 11, 2026, Indiamart has market cap of $1B and EV of $1B.
Equity research analysts estimate Indiamart's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Indiamart has a P/E ratio of 23.2x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $1B | XXX | $1B | XXX | XXX | XXX |
| EV (current) | $1B | XXX | $1B | XXX | XXX | XXX |
| EV/Revenue | 6.3x | XXX | 6.5x | XXX | XXX | XXX |
| EV/EBITDA | 18.3x | XXX | 13.1x | XXX | XXX | XXX |
| EV/EBIT | 19.1x | XXX | 18.3x | XXX | XXX | XXX |
| EV/Gross Profit | 7.4x | XXX | 7.5x | XXX | XXX | XXX |
| P/E | 23.2x | XXX | 21.1x | XXX | XXX | XXX |
| EV/FCF | 15.6x | XXX | 14.9x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Indiamart Valuation Multiples
Access all public comps and forward-looking valuation multiples like EV/Revenue in 2027, based on consensus analyst estimates. Powered by FactSet and Morningstar.
Indiamart Margins & Growth Rates
Indiamart's revenue in the last 12 month grew by 13%.
Indiamart's revenue per employee in the last FY averaged $0.0M, while opex per employee averaged $0.0M for the same period.
Indiamart's rule of 40 is 46% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Indiamart's rule of X is 64% (created by Bessemer, rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
Indiamart Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 13% | XXX | 4% | XXX | XXX | XXX |
| EBITDA Margin | 34% | XXX | 50% | XXX | XXX | XXX |
| EBITDA Growth | 9% | XXX | (29%) | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 46% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 64% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.0M | XXX | XXX | XXX |
| Opex per Employee | — | XXX | $0.0M | XXX | XXX | XXX |
| S&M Expenses to Revenue | — | XXX | 6% | XXX | XXX | XXX |
| G&A Expenses to Revenue | — | XXX | 1% | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 54% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Indiamart Public Comps
See public comps and valuation multiples for other B2B Marketplaces comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| TBO.com | XXX | XXX | XXX | XXX | XXX | XXX |
| Upwork | XXX | XXX | XXX | XXX | XXX | XXX |
| Gold.com | XXX | XXX | XXX | XXX | XXX | XXX |
| Liquidity Services | XXX | XXX | XXX | XXX | XXX | XXX |
| HBX Group | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
Indiamart M&A Activity
Indiamart acquired XXX companies to date.
Last acquisition by Indiamart was on XXXXXXXX, XXXXX. Indiamart acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Indiamart
| Acquired Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialIndiamart Investment Activity
Indiamart invested in XXX companies to date.
Indiamart made its latest investment on XXXXXXXX, XXXXX. Indiamart invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Indiamart
| Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialAbout Indiamart
| When was Indiamart founded? | Indiamart was founded in 1999. |
| Where is Indiamart headquartered? | Indiamart is headquartered in India. |
| How many employees does Indiamart have? | As of today, Indiamart has over 6K employees. |
| Who is the CEO of Indiamart? | Indiamart's CEO is Dinesh Chandra Agarwal. |
| Is Indiamart publicly listed? | Yes, Indiamart is a public company listed on National Stock Exchange of India. |
| What is the stock symbol of Indiamart? | Indiamart trades under INDIAMART ticker. |
| When did Indiamart go public? | Indiamart went public in 2019. |
| Who are competitors of Indiamart? | Indiamart main competitors are TBO.com, Upwork, Gold.com, Liquidity Services. |
| What is the current market cap of Indiamart? | Indiamart's current market cap is $1B. |
| What is the current revenue of Indiamart? | Indiamart's last 12 months revenue is $168M. |
| What is the current revenue growth of Indiamart? | Indiamart revenue growth (NTM/LTM) is 13%. |
| What is the current EV/Revenue multiple of Indiamart? | Current revenue multiple of Indiamart is 6.3x. |
| Is Indiamart profitable? | Yes, Indiamart is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Indiamart? | Indiamart's last 12 months EBITDA is $58M. |
| What is Indiamart's EBITDA margin? | Indiamart's last 12 months EBITDA margin is 34%. |
| What is the current EV/EBITDA multiple of Indiamart? | Current EBITDA multiple of Indiamart is 18.3x. |
| What is the current FCF of Indiamart? | Indiamart's last 12 months FCF is $68M. |
| What is Indiamart's FCF margin? | Indiamart's last 12 months FCF margin is 40%. |
| What is the current EV/FCF multiple of Indiamart? | Current FCF multiple of Indiamart is 15.6x. |
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