Tarmat Ltd

Tarmat Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Tarmat Ltd

₹ 54.9 -3.58%
22 Aug - close price
tarmat.in BSE: 532869 NSE: TARMAT
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

Website BSE NSE
  • Market Cap ₹ 132 Cr.
  • Current Price ₹ 54.9
  • High / Low ₹ 98.6 / 45.0
  • Stock P/E 65.8
  • Book Value ₹ 72.0
  • Dividend Yield 0.00 %
  • ROCE 1.55 %
  • ROE 1.23 %
  • Face Value ₹ 10.0
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Pros

  • Company is almost debt free.
  • Stock is trading at 0.76 times its book value
  • Company is expected to give good quarter

Cons

  • The company has delivered a poor sales growth of -18.2% over past five years.
  • Promoter holding is low: 29.8%
  • Tax rate seems low
  • Company has a low return on equity of 2.10% over last 3 years.
  • Earnings include an other income of Rs.1.11 Cr.
  • Debtor days have increased from 62.5 to 78.3 days.
  • Promoter holding has decreased over last 3 years: -3.84%

* 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.

Peer comparison

Industrials Construction Construction Civil Construction

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025
40.60 28.93 32.16 41.96 21.27 24.70 22.70 20.68 21.78 15.57 26.14 37.79 24.94
38.64 27.88 33.37 41.73 20.11 24.04 22.32 20.48 20.85 15.01 25.57 37.06 23.82
Operating Profit 1.96 1.05 -1.21 0.23 1.16 0.66 0.38 0.20 0.93 0.56 0.57 0.73 1.12
OPM % 4.83% 3.63% -3.76% 0.55% 5.45% 2.67% 1.67% 0.97% 4.27% 3.60% 2.18% 1.93% 4.49%
0.04 0.25 6.20 0.19 0.01 0.02 0.00 -2.20 0.00 0.04 0.23 0.78 0.06
Interest 0.07 0.19 0.03 0.09 0.19 0.22 0.08 0.16 0.23 0.04 0.11 0.32 0.25
Depreciation 0.23 0.23 0.29 0.29 0.21 0.21 0.21 0.21 0.18 0.18 0.40 0.57 0.29
Profit before tax 1.70 0.88 4.67 0.04 0.77 0.25 0.09 -2.37 0.52 0.38 0.29 0.62 0.64
Tax % 2.35% 4.55% 0.64% -575.00% -3.90% -12.00% -33.33% -1.27% -5.77% -7.89% -17.24% 8.06% -9.38%
1.66 0.85 4.64 0.26 0.80 0.28 0.12 -2.34 0.55 0.41 0.34 0.57 0.69
EPS in Rs 0.84 0.40 2.18 0.12 0.38 0.13 0.06 -1.10 0.26 0.17 0.14 0.24 0.29
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
80 90 78 204 131 276 196 181 144 89 101 104
83 89 77 213 150 265 189 174 142 87 98 101
Operating Profit -3 0 1 -9 -19 11 7 7 2 2 3 3
OPM % -4% 0% 1% -4% -14% 4% 4% 4% 2% 3% 3% 3%
1 1 1 12 22 1 1 1 7 -2 1 1
Interest 16 5 0 2 1 2 3 2 1 1 1 1
Depreciation 4 2 2 1 1 1 1 1 1 1 1 1
Profit before tax -21 -6 0 0 1 9 4 5 7 -1 2 2
Tax % -2% -112% 86% -1,140% 18% 22% -28% 2% -2% -10% -3%
-21 1 0 1 1 7 5 5 7 -1 2 2
EPS in Rs -18.85 0.65 0.03 1.13 0.53 5.15 3.86 2.90 3.48 -0.53 0.78 0.84
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: 2%
5 Years: -18%
3 Years: -18%
TTM: 16%
Compounded Profit Growth
10 Years: 8%
5 Years: -23%
3 Years: -26%
TTM: 65%
Stock Price CAGR
10 Years: 8%
5 Years: 5%
3 Years: 0%
1 Year: -37%
Return on Equity
10 Years: 1%
5 Years: 3%
3 Years: 2%
Last Year: 1%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Equity Capital 11 11 11 11 11 13 13 16 21 21 24
Reserves 26 27 27 28 29 43 48 78 109 108 149
117 119 122 145 97 110 89 43 6 10 10
35 30 32 76 57 103 82 83 76 58 53
Total Liabilities 190 187 192 260 194 270 233 220 213 198 236
18 15 14 13 12 17 18 17 17 16 21
CWIP 0 0 0 0 0 0 0 0 0 0 0
Investments 19 19 19 22 19 19 19 1 1 1 0
153 152 159 226 163 234 195 201 195 181 215
Total Assets 190 187 192 260 194 270 233 220 213 198 236

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
2 -0 -1 -21 45 -13 26 -7 9 -3 -9
6 0 0 -2 3 -5 -2 18 -1 0 -27
-8 -0 -0 26 -49 20 -24 -21 -8 4 40
Net Cash Flow -0 0 -1 3 -1 2 1 -10 1 1 4

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Debtor Days 100 90 106 62 54 31 24 45 57 52 78
Inventory Days 874 697 445 257 683 509 389 834 302
Days Payable 902 591 472 321 591 419 360 586 136
Cash Conversion Cycle 72 196 79 -1 54 31 116 135 86 300 244
Working Capital Days -109 -6 23 59 189 94 -12 124 238 380 466
ROCE % -1% 0% 1% -12% 7% 4% 5% 4% 2% 2%

Shareholding Pattern

Numbers in percentages

Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025
36.15% 35.84% 33.25% 33.25% 33.25% 33.25% 33.25% 33.25% 33.25% 29.84% 30.15% 29.84%
0.00% 0.00% 0.02% 0.01% 0.00% 0.00% 0.07% 0.07% 2.84% 2.53% 2.96% 2.94%
63.85% 64.17% 66.74% 66.75% 66.75% 66.76% 66.69% 66.69% 63.92% 67.64% 66.88% 67.21%
No. of Shareholders 10,45410,4229,9099,81311,14012,52314,15314,15314,62814,44214,35814,379

* 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.

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