Reverse DCF

What growth does the market imply for INDIAMART?

Working backwards from the current price to find the FCF growth assumption baked in.

conservative

8.0% implied annual FCF growth

The market is pricing in below-GDP growth — very conservative assumption. If the company delivers anywhere near its historical rate, there is significant upside.

Current Price

₹2,153

Historical Growth

12.6%

FCF Yield

4.01%

Price / FCF

24.9x

Plain English

To justify today's price of $2152.80, INDIAMART.NS needs to grow its free cash flow at 8.0% per year for the next 10 years. That is 4.6% slower than its historical growth rate of 12.6%. This looks achievable — the market is not pricing in heroic assumptions. There may be genuine upside if the company executes.

Adjust Assumptions

9.8%
6%13%20%
4.0%
0%3%6%

Growth Scenarios

What the stock is worth at different growth assumptions

ScenarioFCF GrowthImplied IVMoS vs Price
Half implied4.0%₹1,568-27.2%
Implied8.0%₹2,153-0.0%
GDP rate10.0%₹2,532+17.6%
Historical12.6%₹3,120+44.9%

At Historical Growth Rate

It would take 4 years for INDIAMART to organically grow into today's price assuming its historical FCF growth of 12.6%.

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This is an analytical tool, not investment advice. Implied growth is a mathematical inversion of the DCF model and depends on WACC and terminal growth assumptions. YieldIQ is not registered with SEBI as an investment adviser.