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Increased risk weighs on INDIAMART INTERMESH, penalising its rating d...
The independent financial analyst theScreener just lowered the general evaluation of INDIAMART INTERMESH (IN), active in the Internet industry. As regards its fundamental valuation, the title still shows 0 out of 4 possible stars. Its market behaviour, however, has slightly deteriorated and will be qualified as risky moving forward. theScreener considers that these new qualifications justify an overall rating downgrade to Negative. As of the analysis date January 25, 2022, the closing price was ...
MOSL: INDIAMART (Buy)-Blip on collections; expect faster recovery
INDIAMART: Blip on collections; expect faster recovery (INMART IN, Mkt Cap USD3b, CMP INR7251, TP INR8610, 19% Upside, Buy) IndiaMART delivered in-line revenue performance in 1QFY22. The number of paid suppliers fell by 6k, impacted by lockdowns amid the second COVID wave. On the other hand, ARPU surged 8% QoQ on higher churn in low-paying silver monthly suppliers. The decline in collections was restricted to 38% QoQ v/s a 53% QoQ drop in 1QFY21. The sharp rebound in FY21 collections (pos...
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