IndiaMart announces Final Dividend of Rs 20/sh. Stock gave a return of above 700% since its listing.
On April 30, 2024 , India Mart announced a Final Dividend of Rs 20/sh. which amounts to 200% of its. Face Value.
IndiaMART is the first and largest B2B digital marketplace in the country. It focuses to make the online marketplace more accessible, visible and engaging to Small and Medium Businesses (SMEs).
The company commands nearly 60% market share of the online B2B classifieds space which makes it the largest player in the industry.
IndiaMart Dividend 2024:
India Mart announced a Final Dividend of Rs 20/sh. which amounts to 200% of its. Face Value. The Ex-Date of the Dividend is on 7 June,2024 and the payment date is on 20 July,2024.
Anybody who wants to get the dividend must purchase the shares on/before 6 June,2024 to get themselves resister in the record of the eligible receivers of the dividend.
The persons who bought the shares solely for the purpose of dividend can sell the shares on the record date i.e. on 7/06/2024 and still they will be eligible to receive the dividend as their name would have been registered on 6/06/2024.
It is to be noted that on the record date , the share price of Cummins India will fall by the dividend amount i.e it will fall by Rs20 in the opening session to adjust its price to ex-dividend.
So investors are advised to make their decision wisely.
IndiaMart Financials :
The Co.’s Market Cap. is ₹ 14,955 Cr. , it’s P/E is 44.7 . The Co. is almost debt free.
The Company’s Quarterly results are: (Amount in crores)
| Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | |
|---|---|---|---|---|---|
| Sales | 269 | 282 | 295 | 305 | 315 |
| Operating Profit | 56 | 67 | 69 | 78 | 77 |
| OPM % | 21% | 24% | 23% | 26% | 24% |
| Net Profit | 56 | 83 | 69 | 82 | 100 |
The quarterly data shows constant growth in Sales, Operating Profit and Net Profit.
The Annual Datas are : (Amount in crores)
| Mar 2023 | Mar 2024 | |
|---|---|---|
| Sales | 985 | 1,197 |
| Gross Profit | 230 | 291 |
| OPM % | 23% | 24% |
| Net Profit | 284 | 334 |
| Dividend Payout % | 22% | 36% |
This data shows that Sales increased by 21.52% & Gross Profit increased by 26.52% whereas Net Profit increased by 17.61% .
IndiaMart Share price Target 2024 :
At the time of writing thjs blog, the market price of the share is Rs 2,489.5 . As per the technical analysis, the stock is about to form a Bullish Double Bottom pattern .This pattern has a high success rate .The breakout of this pattern shall be after crossing the level of Rs 3,500 with good volume. The breakout can easily give a target of Rs. 4,950 which amounts to a return of 43% from the breakout level. 
READ MORE: Indian Bank announces Final Dividend of Rs12/sh. Stock gave a return of 88% in 1year.
Disclaimer :
The recommendations made above are by market analysts and are not advised by either the author, nor FinTrend 24. The author, nor the brokerage firm nor FinTrend 24 would be liable for any losses caused as a result of decisions based on this write-up. FinTrend 24 advises users to consult with certified experts before making any investment decision.
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