Tarmat Ltd

Tarmat Ltd

₹ 97.0 -0.05%
24 Apr 12:16 p.m.
About

Incorporated in 1986, Tarmat Ltd does construction of Airfield and National /
state highways[1]

Key Points

Business Overview:[1][2]
TL is an ISO 9001:2008 Quality Mgmt System certified company which is in the business of construction of Highways, Runways, airfields, parking bays, aprons, taxiways, etc. It has worked on projects sponsored by Govt agencies, including Central Govt, State Governments and Municipalities. Company provides engineering, procurement and construction services for infrastructure projects - EPC

  • Market Cap 207 Cr.
  • Current Price 97.0
  • High / Low 154 / 57.4
  • Stock P/E 142
  • Book Value 61.8
  • Dividend Yield 0.00 %
  • ROCE 4.00 %
  • ROE 4.57 %
  • Face Value 10.0

Pros

  • Company has reduced debt.
  • Company is almost debt free.

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • Promoter holding is low: 33.2%
  • Tax rate seems low
  • Company has a low return on equity of 5.85% over last 3 years.
  • Debtor days have increased from 40.1 to 56.9 days.
  • Promoter holding has decreased over last 3 years: -6.66%

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
43.67 61.66 52.65 34.52 33.68 41.10 40.60 28.93 32.16 41.96 21.27 24.70 22.70
42.23 58.27 50.56 32.73 32.17 39.89 38.64 27.88 33.37 41.73 20.11 24.04 22.32
Operating Profit 1.44 3.39 2.09 1.79 1.51 1.21 1.96 1.05 -1.21 0.23 1.16 0.66 0.38
OPM % 3.30% 5.50% 3.97% 5.19% 4.48% 2.94% 4.83% 3.63% -3.76% 0.55% 5.45% 2.67% 1.67%
0.50 0.26 0.09 0.04 0.10 0.89 0.04 0.25 6.20 0.19 0.01 0.02 0.00
Interest 0.33 2.43 0.56 0.61 0.47 0.36 0.07 0.19 0.03 0.09 0.19 0.22 0.08
Depreciation 0.24 0.47 0.26 0.26 0.22 0.32 0.23 0.23 0.29 0.29 0.21 0.21 0.21
Profit before tax 1.37 0.75 1.36 0.96 0.92 1.42 1.70 0.88 4.67 0.04 0.77 0.25 0.09
Tax % 5.11% -169.33% -2.94% 4.17% 5.43% 2.11% 2.35% 4.55% 0.64% -575.00% -3.90% -12.00% -33.33%
1.31 2.01 1.40 0.92 0.86 1.39 1.66 0.85 4.64 0.26 0.80 0.28 0.12
EPS in Rs 0.98 1.51 1.05 0.69 0.65 0.88 0.84 0.40 2.18 0.12 0.38 0.13 0.06
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
187 152 103 64 51 59 61 95 233 171 162 144 111
171 150 107 67 51 58 77 114 222 163 155 142 108
Operating Profit 16 1 -5 -4 -0 1 -17 -19 11 7 7 2 2
OPM % 9% 1% -5% -6% -0% 1% -27% -20% 5% 4% 4% 2% 2%
-2 -8 2 1 1 1 19 22 1 1 1 7 0
Interest 10 8 16 16 5 0 1 1 2 3 2 1 1
Depreciation 5 5 4 4 2 1 1 1 1 1 1 1 1
Profit before tax -1 -20 -23 -21 -6 0 0 1 9 4 5 7 1
Tax % -470% -33% 2% 2% 114% 86% -1,150% 20% 22% -27% 2% -2%
-4 -26 -22 -21 1 0 1 1 7 5 5 7 1
EPS in Rs -3.49 -23.97 -20.45 -19.11 0.75 0.03 1.14 0.52 5.19 3.82 2.90 3.48 0.69
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: -1%
5 Years: 19%
3 Years: -15%
TTM: -23%
Compounded Profit Growth
10 Years: 9%
5 Years: 31%
3 Years: -11%
TTM: -76%
Stock Price CAGR
10 Years: 29%
5 Years: 19%
3 Years: 29%
1 Year: 20%
Return on Equity
10 Years: -7%
5 Years: 0%
3 Years: 6%
Last Year: 5%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 11 11 11 11 11 11 11 11 13 13 16 21 21
Reserves 96 70 47 26 27 27 28 29 43 48 68 109 110
56 73 110 117 119 122 113 97 110 89 43 6 6
31 27 24 27 24 22 25 31 63 58 65 57 70
Total Liabilities 193 181 192 182 181 181 177 168 229 209 192 194 207
30 25 21 17 14 13 12 11 16 17 16 16 16
CWIP 0 0 0 0 0 0 0 0 0 0 0 0 0
Investments 4 0 24 19 19 19 27 27 27 27 9 10 0
159 156 147 146 147 149 138 131 186 164 167 168 191
Total Assets 193 181 192 182 181 181 177 168 229 209 192 194 207

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
10 -11 7 2 -0 -1 14 17 -14 26 -7 10
0 0 -24 6 0 0 -7 1 -5 -2 18 -1
-9 9 17 -8 -0 -0 -7 -17 20 -24 -21 -8
Net Cash Flow 1 -2 -0 -0 0 -1 0 1 2 1 -10 1

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 41 64 56 118 149 141 127 74 27 28 36 57
Inventory Days 390 342 1,585 1,675 3,475 476 232 421 340 236
Days Payable 112 143 888 1,265 2,254 321 148 374 253 251
Cash Conversion Cycle 319 263 753 528 1,370 296 211 74 27 75 122 42
Working Capital Days 192 230 271 414 555 509 451 247 114 162 217 232
ROCE % 9% -1% -5% -4% -1% 0% 1% -13% 7% 4% 5% 4%

Shareholding Pattern

Numbers in percentages

66 Recently
Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
39.90% 39.90% 39.90% 39.90% 33.67% 36.15% 35.84% 33.25% 33.25% 33.25% 33.25% 33.25%
0.00% 0.00% 0.01% 0.00% 0.00% 0.00% 0.00% 0.02% 0.01% 0.00% 0.00% 0.07%
60.10% 60.09% 60.08% 60.10% 66.33% 63.85% 64.17% 66.74% 66.75% 66.75% 66.76% 66.69%
No. of Shareholders 8,91511,08310,52910,69810,53610,45410,4229,9099,81311,14012,52314,153

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

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