IndiaMART InterMESH (NSE:INDIAMART) ROIC %: 12.19% (As of Mar. 2026)


NSE:INDIAMART IndiaMART InterMESH Ltd NSE:INDIAMART
89 GF Score
Price ₹1,955.40
GF Value ₹3,070.00
Valuation Significantly Undervalued
! 3 Warning Signs
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What is IndiaMART InterMESH ROIC %?

IndiaMART InterMESH NSE:INDIAMART -0.94% 89 ROIC % is 12.19% as of Mar. 2026. GuruFocus rates NSE:INDIAMART with a GF Score™ of 89/100 and a GF Value™ of ₹3,070.00 (Significantly Undervalued). The stock has 3 warning signs investors should review.

ROIC % measures how well a company generates cash flow relative to the capital it has invested in its business. It is also called ROC %. IndiaMART InterMESH's annualized return on invested capital (ROIC %) for the quarter that ended in Mar. 2026 was 12.19%.

As of today (2026-06-28), IndiaMART InterMESH's WACC % is 13.60%. IndiaMART InterMESH's ROIC % is 14.76% (calculated using TTM income statement data). IndiaMART InterMESH generates higher returns on investment than it costs the company to raise the capital needed for that investment. It is earning excess returns. A firm that expects to continue generating positive excess returns on new investments in the future will see its value increase as growth increases.


IndiaMART InterMESH  (NSE:INDIAMART) ROIC % Explanation

ROIC % measures how well a company generates cash flow relative to the capital it has invested in its business. It is also called ROC %. The reason book values of debt and equity are used is because the book values are the capital the company received when issuing the debt or receiving the equity investments.

There are four key components to this definition. The first is the use of operating income or EBIT rather than net income in the numerator. The second is the tax adjustment to this operating income or EBIT, computed as a hypothetical tax based on an effective or marginal tax rate. The third is the use of book values for invested capital, rather than market values. The final is the timing difference; the capital invested is from the end of the prior year whereas the operating income or EBIT is the current year's number.

Why is ROIC % important?

Because it costs money to raise capital. A firm that generates higher returns on investment than it costs the company to raise the capital needed for that investment is earning excess returns. A firm that expects to continue generating positive excess returns on new investments in the future will see its value increase as growth increases, whereas a firm that earns returns that do not match up to its cost of capital will destroy value as it grows.

As of today, IndiaMART InterMESH's WACC % is 13.60%. IndiaMART InterMESH's ROIC % is 14.76% (calculated using TTM income statement data). IndiaMART InterMESH generates higher returns on investment than it costs the company to raise the capital needed for that investment. It is earning excess returns. A firm that expects to continue generating positive excess returns on new investments in the future will see its value increase as growth increases.


Be Aware

Like ROE % and ROA %, ROIC % is calculated with only 12 months of data. Fluctuations in the company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.


IndiaMART InterMESH ROIC % Related Terms


IndiaMART InterMESH ROIC % Historical Data

* Premium members only.

The historical data trend for IndiaMART InterMESH's ROIC % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

IndiaMART InterMESH ROIC % Chart

IndiaMART InterMESH Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
ROIC %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 26.46 12.21 11.01 17.43 14.68

IndiaMART InterMESH Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
ROIC % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 18.07 16.49 13.87 15.28 12.19

NSE:INDIAMART vs GOOGL, META, SPOT: ROIC % Comparison

For the Internet Content & Information subindustry, IndiaMART InterMESH's ROIC %, along with its competitors' market caps and ROIC % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


IndiaMART InterMESH ROIC % vs Interactive Media Industry

For the Interactive Media industry and Communication Services sector, IndiaMART InterMESH's ROIC % distribution charts can be found below:

* The bar in red indicates where IndiaMART InterMESH's ROIC % falls into.


NSE:INDIAMART
89GF Score
IndiaMART InterMESH Ltd NSE:INDIAMART
ROIC % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

IndiaMART InterMESH ROIC % Calculation

IndiaMART InterMESH's annualized Return on Invested Capital (ROIC %) for the fiscal year that ended in Mar. 2026 is calculated as:

ROIC % (A: Mar. 2026 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (A: Mar. 2025 ) + Invested Capital (A: Mar. 2026 ))/ count )
=5056.05 * ( 1 - 26.74% )/( (23381.11 + 27088.14)/ 2 )
=3704.06223/25234.625
=14.68 %

where

Invested Capital(A: Mar. 2025 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=41336.85 - 814.65 - ( 28846.97 - max(0, 12215.55 - 29356.64+28846.97))
=23381.11

Invested Capital(A: Mar. 2026 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=46246.03 - 871.76 - ( 31202.65 - max(0, 13649.72 - 31935.85+31202.65))
=27088.14

IndiaMART InterMESH's annualized Return on Invested Capital (ROIC %) for the quarter that ended in Mar. 2026 is calculated as:

ROIC % (Q: Mar. 2026 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2025 ) + Invested Capital (Q: Mar. 2026 ))/ count )
=5024 * ( 1 - 35.97% )/( (25689.12 + 27088.14)/ 2 )
=3216.8672/26388.63
=12.19 %

where

Invested Capital(Q: Dec. 2025 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=43661.18 - 910.86 - ( 28934.08 - max(0, 12270.11 - 29331.31+28934.08))
=25689.12

Invested Capital(Q: Mar. 2026 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=46246.03 - 871.76 - ( 31202.65 - max(0, 13649.72 - 31935.85+31202.65))
=27088.14

Note: The Operating Income data used here is four times the quarterly (Mar. 2026) data. The tax rate is limited to between 0% and 100%.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about ROIC % →
What does a ROIC % of 12.19% mean?
IndiaMART InterMESH (NSE:INDIAMART) has a ROIC % of 12.19% as of Mar. 2026. Return on invested capital is the ratio of current-period net income to average two-period invested capital. View historical data on IndiaMART InterMESH and its competitors.
Is IndiaMART InterMESH's ROIC % too high?
IndiaMART InterMESH's current ROIC % is 12.19%. The Interactive Media industry median ROIC % is 1.88. IndiaMART InterMESH's value of 12.19% is 548.4% above this industry median. Overall, IndiaMART InterMESH has a GF Score™ of 89/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does IndiaMART InterMESH's ROIC % compare to GOOGL and META?
IndiaMART InterMESH's ROIC % of 12.19% can be compared against companies in the Interactive Media industry. The industry median ROIC % is 1.88. IndiaMART InterMESH's value of 12.19% is 548.4% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROIC % for an Interactive Media company?
The median ROIC % among Interactive Media companies is 1.88, based on 560 companies in the industry. Companies in the top quartile (top 25%) have a ROIC % significantly above this median, while those in the bottom quartile fall well below. However, ROIC % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. IndiaMART InterMESH's current ROIC % of 12.19% is 548.4% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high ROIC % mean?
A high ROIC % can signal that a stock is expensive relative to its fundamentals. Return on invested capital is the ratio of current-period net income to average two-period invested capital. View historical data on IndiaMART InterMESH and its competitors. For the Interactive Media industry, the median ROIC % is 1.88 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. IndiaMART InterMESH's current ROIC % is 12.19%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is IndiaMART InterMESH stock overvalued right now?
Based on GuruFocus' analysis, IndiaMART InterMESH (NSE:INDIAMART) is currently considered Significantly Undervalued. The stock's GF Value™ is ₹3,070.00, compared to a current price of ₹1,955.40 — trading 36.3% below its estimated fair value. The current ROIC % is 12.19% and 548.4% above the Interactive Media industry median of 1.88. IndiaMART InterMESH's overall GF Score™ is 89/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROIC % calculated?
ROIC % is calculated from a company's financial statements. For IndiaMART InterMESH (NSE:INDIAMART), the current ROIC % is 12.19% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is IndiaMART InterMESH (NSE:INDIAMART) Overvalued in 2026?

Based on GuruFocus' analysis, IndiaMART InterMESH stock appears to be undervalued. The current stock price of ₹1,955.40 is trading 36.3% below its estimated GF Value™ of ₹3,070.00. GuruFocus considers IndiaMART InterMESH to be Significantly Undervalued.

Key valuation signals for NSE:INDIAMART:

  • ROIC %: 12.19%
  • GF Value™: ₹3,070.00 vs. price of ₹1,955.40 (36.3% below fair value)
  • GF Score™: 89/100 with 3 warning signs
  • Industry Position: 548.4% above the Interactive Media median

No single metric tells the full story. See the NSE:INDIAMART stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


IndiaMART InterMESH Business Description

Other Exchanges 542726:India
Address Assotech Business Cresterra, 6th Floor, Tower 2, Plot No. 22, Sector 135, Noida, UP, IND, 201305
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 mainly through the sale of subscription packages.
89GF Score

Get the complete analysis for NSE:INDIAMART

ROIC % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₹1,955.40
Price
₹3,070.00
GF Value