Tarmat Ltd
TARMAT NSE
Tarmat Ltd
IndustrialsNSE: TARMAT BSE: 532869 Construction
Key Fundamentals
MicrocapCivil ConstructionConstructionMarket Cap
₹135 Cr
Volatility
Moderate
P/E Ratio
18.94
EBITDA
₹6.88 Cr
Return on Equity
1.08%
Debt to Equity
0.08
Book Value
₹74.45
52W High
₹73.9
52W Low
₹46.26
Insights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
Log in to view Tarmat Ltd insights
29 extracted metrics + investor summaries across FY15–FY26.
Tapetide Score
Data-driven rating, 0–100. How it works →
Technical Indicators
Key Insights
Strengths
2- Company is almost debt free.
- Stock is trading at 0.72 times its book value
Weaknesses
6- Though the company is reporting repeated profits, it is not paying out dividend
- The company has delivered a poor sales growth of -9.73% over past five years.
- Promoter holding is low: 29.0%
- Tax rate seems low
- Company has a low return on equity of 1.98% over last 3 years.
- Promoter holding has decreased over last 3 years: -4.20%
Growth Rate
Revenue Growth
14.73% ↗
Net Income Growth
202.11% ↗
Cash Flow Change
-186.25% ↘
ROE
-224.14% ↘
ROCE
-400.00% ↘
EBITDA Margin (Avg.)
54.67% ↗
Quarterly Results
| Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 21.27 | 24.7 | 22.7 | 20.68 | 21.78 | 15.57 | 26.14 | 37.79 | 24.94 | 22.67 | 27.31 | 42.46 | 35.81 |
| Expenses | 20.11 | 24.04 | 22.32 | 20.48 | 20.85 | 15.01 | 25.57 | 37.06 | 23.82 | 21.54 | 25.57 | 39.56 | 33.35 |
| Operating Profit | 1.16 | 0.66 | 0.38 | 0.2 | 0.93 | 0.56 | 0.57 | 0.73 | 1.12 | 1.13 | 1.74 | 2.9 | 2.46 |
| OPM % | 5.45% | 2.67% | 1.67% | 0.97% | 4.27% | 3.6% | 2.18% | 1.93% | 4.49% | 4.98% | 6.37% | 6.83% | 6.87% |
| Other Income | 0.01 | 0.02 | 0 | -2.2 | 0 | 0.04 | 0.23 | 0.78 | 0.06 | 0.75 | 0.04 | 0.39 | 0.06 |
| Interest | 0.19 | 0.22 | 0.08 | 0.16 | 0.23 | 0.04 | 0.11 | 0.32 | 0.25 | 0.21 | 0.41 | 0.26 | 0.31 |
| Depreciation | 0.21 | 0.21 | 0.21 | 0.21 | 0.18 | 0.18 | 0.4 | 0.57 | 0.29 | 0.29 | 0.32 | 0.37 | 0.31 |
| PBT | 0.77 | 0.25 | 0.09 | -2.37 | 0.52 | 0.38 | 0.29 | 0.62 | 0.64 | 1.38 | 1.05 | 2.66 | 1.9 |
| Tax % | -3.9% | -12% | -33.33% | -1.27% | -5.77% | -7.89% | -17.24% | 8.06% | -9.38% | -5.8% | -6.67% | -11.28% | 19.47% |
| Net Profit | 0.8 | 0.28 | 0.12 | -2.34 | 0.55 | 0.41 | 0.34 | 0.57 | 0.69 | 1.46 | 1.13 | 2.96 | 1.53 |
| EPS in Rs | 0.38 | 0.13 | 0.06 | -1.1 | 0.26 | 0.17 | 0.14 | 0.24 | 0.29 | 0.61 | 0.45 | 1.18 | 0.61 |
Profit & Loss
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 80 | 90 | 78 | 204 | 131 | 276 | 196 | 181 | 144 | 89 | 101 | 117 | 128 |
| Expenses | 83 | 89 | 77 | 213 | 150 | 265 | 189 | 174 | 142 | 87 | 98 | 110 | 120 |
| Operating Profit | -3 | 0 | 1 | -9 | -19 | 11 | 7 | 7 | 2 | 2 | 3 | 7 | 8 |
| OPM % | -4.1% | 0.5% | 1.3% | -4.3% | -14% | 4% | 3.6% | 3.9% | 1.5% | 2.8% | 3.2% | 6% | 6% |
| Other Income | 1 | 1 | 1 | 12 | 22 | 1 | 1 | 1 | 7 | -2 | 1 | 1 | 1 |
| Interest | 16 | 5 | 0 | 2 | 1 | 2 | 3 | 2 | 1 | 1 | 1 | 1 | 1 |
| Depreciation | 4 | 2 | 2 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| PBT | -21 | -6 | 0 | 0 | 1 | 9 | 4 | 5 | 7 | -1 | 2 | 6 | 7 |
| Tax % | -2% | -112% | 86% | -1140% | 18% | 22% | -28% | 2% | -2% | -10% | -3% | -9% | — |
| Net Profit | -21 | 1 | 0 | 1 | 1 | 7 | 5 | 5 | 7 | -1 | 2 | 6 | 7 |
| EPS in Rs | -18.85 | 0.65 | 0.03 | 1.13 | 0.53 | 5.15 | 3.86 | 2.9 | 3.48 | -0.53 | 0.78 | 2.49 | 2.85 |
| Div. Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | — |
Balance Sheet
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 11 | 11 | 11 | 11 | 11 | 13 | 13 | 16 | 21 | 21 | 24 | 25 |
| Reserves | 26 | 27 | 27 | 28 | 29 | 43 | 48 | 78 | 109 | 108 | 149 | 162 |
| Borrowings | 117 | 119 | 122 | 145 | 97 | 110 | 89 | 43 | 6 | 10 | 10 | 15 |
| Other Liabilities | 35 | 30 | 32 | 76 | 57 | 103 | 82 | 83 | 76 | 58 | 53 | 59 |
| Total Liabilities | 190 | 187 | 192 | 260 | 194 | 270 | 233 | 220 | 213 | 198 | 236 | 261 |
| Fixed Assets | 18 | 15 | 14 | 13 | 12 | 17 | 18 | 17 | 17 | 16 | 21 | 27 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 19 | 19 | 19 | 22 | 19 | 19 | 19 | 1 | 1 | 1 | 1 | 0 |
| Other Assets | 153 | 152 | 159 | 226 | 163 | 234 | 195 | 201 | 195 | 181 | 214 | 234 |
| Total Assets | 190 | 187 | 192 | 260 | 194 | 270 | 233 | 220 | 213 | 198 | 236 | 261 |
Cash Flow
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating | 2 | 0 | -1 | -21 | 45 | -13 | 26 | -7 | 9 | -3 | -9 | 8 |
| Investing | 6 | 0 | 0 | -2 | 3 | -5 | -2 | 18 | -1 | 0 | -27 | -7 |
| Financing | -8 | 0 | 0 | 26 | -49 | 20 | -24 | -21 | -8 | 4 | 40 | 11 |
| Net Cash Flow | 0 | 0 | -1 | 3 | -1 | 2 | 1 | -10 | 1 | 1 | 4 | 12 |
| Free Cash Flow | 2 | 0 | -1 | -21 | 45 | -19 | 24 | -7 | 9 | -3 | -15 | 0 |
| CFO/OP | -71 | -1,350 | 87 | 249 | -240 | -103 | 348 | -101 | 812 | -105 | -327 | 128 |
Ratios
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 100 | 90 | 106 | 62 | 54 | 31 | 24 | 45 | 57 | 52 | 78 | 66 |
| Inventory Days | 874 | 697 | 445 | 257 | — | — | 683 | 509 | 389 | 834 | 648 | 286 |
| Days Payable | 902 | 591 | 472 | 321 | — | — | 591 | 419 | 360 | 586 | 292 | 149 |
| Cash Conversion Cycle | 72 | 196 | 79 | -1 | 54 | 31 | 116 | 135 | 86 | 300 | 434 | 203 |
| Working Capital Days | -109 | -6 | 23 | 59 | 189 | 94 | -12 | 124 | 238 | 380 | 488 | 413 |
| ROCE % | — | -1% | 0% | 1% | -12% | 7% | 4% | 5% | 4% | 2% | 2% | 4% |
Documents
1
Clarification sought from Tarmat Ltd
14 Aug - Exchange has sought clarification from Tarmat Ltd on August 14, 2026 with reference to significant movement in price, in order to ensure that investors have … 14 Aug - Exchange has sought clarification from Tarmat Ltd on August 14, 2026 with reference to significant movement in price, in order to ensure that investors have …
2
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
11 Apr - Certificate issued under Regulation 74(5) of SEBI ( Depository and Participants) Regulations, 2018, by Big Share Services Pvt. Ltd., the Registrar and Share Transfer Agent … 11 Apr - Certificate issued under Regulation 74(5) of SEBI ( Depository and Participants) Regulations, 2018, by Big Share Services Pvt. Ltd., the Registrar and Share Transfer Agent …
5
Announcement under Regulation 30 (LODR)-Code of Conduct under SEBI (PIT) Regulations, 2015
25 Feb - Promoter director Dilip Varghese acquired 17,000 shares (0.07%) on Feb 24, 2026, now holding 5.21%. 25 Feb - Promoter director Dilip Varghese acquired 17,000 shares (0.07%) on Feb 24, 2026, now holding 5.21%.
Frequently Asked Questions about Tarmat Ltd
What does Tarmat Ltd do?
Incorporated in 1986, Tarmat Ltd does construction of Airfield and National /
state highways[1]
Where is Tarmat Ltd (TARMAT) listed?
Tarmat Ltd is listed on the Indian stock exchanges. It is listed on NSE: TARMAT and BSE: 532869. You can view its live share price, financials, and ratios on Tapetide.
Which sector does Tarmat Ltd belong to?
Tarmat Ltd operates in the Industrials sector within the Construction industry. Sector classification helps investors compare companies affected by similar economic conditions and regulatory changes.
What is the market capitalisation of Tarmat Ltd?
Tarmat Ltd has a market capitalisation of approximately ₹134.90 Cr. Based on this, it is classified as a Small Cap stock.
What is the PE ratio of Tarmat Ltd?
The Price-to-Earnings (PE) ratio of Tarmat Ltd is 18.94. The PE ratio compares a company's share price to its earnings per share and is commonly used to assess whether a stock is overvalued or undervalued relative to its peers.
What is the 52-week high and low of Tarmat Ltd?
Over the past 52 weeks, Tarmat Ltd has traded between a low of ₹46.26 and a high of ₹73.9. This range helps investors understand the stock's price volatility and recent trading levels.
What is the Return on Equity (ROE) of Tarmat Ltd?
Tarmat Ltd has a Return on Equity (ROE) of 1.08%. ROE measures how effectively a company uses shareholders' equity to generate profits. A higher ROE generally indicates better capital efficiency.
How can I research Tarmat Ltd on Tapetide?
On Tapetide, you can view Tarmat Ltd's live share price, quarterly results, profit & loss statements, balance sheet, cash flow, key ratios, shareholding pattern, technical indicators, analyst ratings, and forecasts — all on a single page without needing to sign up.
Company Information
Incorporated in 1986, Tarmat Ltd does construction of Airfield and National / state highways[1]
Website tarmat.in
CEO Mr. Dilip Jerry Varghese
Employees 92
Listed 2007-07-09
Face Value ₹ 10
Issued Size 2,50,64,255