Tarmat Ltd

Tarmat Ltd

₹ 80.2 -1.23%
21 May - close price
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 174 Cr.
  • Current Price 80.2
  • High / Low 154 / 57.4
  • Stock P/E 119
  • 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
  • The company has delivered a poor sales growth of -6.74% over past five years.
  • Promoter holding is low: 33.2%
  • Tax rate seems low
  • Company has a low return on equity of 6.14% over last 3 years.
  • Debtor days have increased from 42.1 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

Consolidated Figures in Rs. Crores / View Standalone

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 86.83 52.65 34.52 33.68 60.17 40.60 28.93 32.16 41.96 21.27 24.70 22.70
42.23 83.44 50.56 32.73 32.17 58.89 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 1.28 1.96 1.05 -1.21 0.23 1.16 0.66 0.38
OPM % 3.30% 3.90% 3.97% 5.19% 4.48% 2.13% 4.83% 3.63% -3.76% 0.55% 5.45% 2.67% 1.67%
0.50 0.33 0.09 0.04 0.10 0.82 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 0.25 0.53 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 1.36 0.76 1.36 0.96 0.92 1.42 1.70 0.88 4.67 0.04 0.77 0.25 0.09
Tax % 5.15% -172.37% -2.94% 4.17% 5.43% 2.11% 2.35% 4.55% 0.64% -575.00% -3.90% -12.00% -33.33%
1.29 2.07 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 0.97 1.55 1.05 0.69 0.65 0.88 0.84 0.40 2.18 0.12 0.38 0.13 0.06
Raw PDF
Upcoming result date: 30 May 2024

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 TTM
80 90 78 204 131 276 196 181 144 111
83 89 77 213 150 265 189 174 142 108
Operating Profit -3 0 1 -9 -19 11 7 7 2 2
OPM % -4% 0% 1% -4% -14% 4% 4% 4% 2% 2%
1 1 1 12 22 1 1 1 7 0
Interest 16 5 0 2 1 2 3 2 1 1
Depreciation 4 2 2 1 1 1 1 1 1 1
Profit before tax -21 -6 0 0 1 9 4 5 7 1
Tax % 2% 112% 86% -1,140% 18% 22% -28% 2% -2%
-21 1 0 1 1 7 5 5 7 1
EPS in Rs -18.85 0.65 0.03 1.13 0.53 5.15 3.86 2.90 3.48 0.69
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: %
5 Years: -7%
3 Years: -20%
TTM: -32%
Compounded Profit Growth
10 Years: %
5 Years: 32%
3 Years: -11%
TTM: -76%
Stock Price CAGR
10 Years: 22%
5 Years: 16%
3 Years: 15%
1 Year: 3%
Return on Equity
10 Years: %
5 Years: 0%
3 Years: 6%
Last Year: 5%

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 Sep 2023
Equity Capital 11 11 11 11 11 13 13 16 21 21
Reserves 26 27 27 28 29 43 48 68 109 110
117 119 122 145 97 110 89 43 6 6
35 30 32 76 57 103 82 93 76 88
Total Liabilities 190 187 192 260 194 270 233 220 213 226
18 15 14 13 12 17 18 17 17 17
CWIP 0 0 0 0 0 0 0 0 0 0
Investments 19 19 19 22 19 19 19 1 1 0
153 152 159 226 163 234 195 201 195 209
Total Assets 190 187 192 260 194 270 233 220 213 226

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
2 -0 -1 -21 45 -13 26 -7 10
6 0 0 -2 3 -5 -2 18 -1
-8 -0 -0 26 -49 20 -24 -21 -8
Net Cash Flow -0 0 -1 3 -1 2 1 -10 1

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
Debtor Days 100 90 106 62 54 31 24 45 57
Inventory Days 874 697 445 257 683 509 389
Days Payable 902 591 472 321 591 419 360
Cash Conversion Cycle 72 196 79 -1 54 31 116 135 86
Working Capital Days 322 304 380 194 189 94 149 209 251
ROCE % -1% 0% 1% -12% 7% 4% 5% 4%

Shareholding Pattern

Numbers in percentages

68 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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