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SFP RESEARCH

19th Dec · SEBI-Registered Analyst

IndiaMART InterMESH Ltd.

INDIAMART
runs a B2B marketplace connecting buyers with suppliers across MSME categories.​ Recurring subscription revenues and asset-light operations drive strong margins and cash flows.​ It benefits from digitization of procurement and formalization of MSMEs.​ Risks are churn in paying vendors, competition from large platforms, and macro slowdown in SME activity.​

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