Tarmat Limited share price
Tarmat Limited engages in the construction of airfield, and national and state highways in India. The company undertakes various construction works, including airport runways, highways, and railways; and develops infrastructure projects, such as ports, industrial area developments, refineries, etc., as well as parking bays and taxi track related work. It also develops real estate properties; and provides engineering, procurement, and construction services for infrastructure projects. The company was formerly known as Roman Tarmat Limited and changed its name to Tarmat Limited in September 2012. Tarmat Limited was incorporated in 1986 and is based in Mumbai, India.Read more
- Market Cap₹ 137 Cr.
- Current Price₹ 54.61
- High / Low₹ 74 / 46
- Stock P/E19.0
- Book Value₹ 74
- Dividend Yield0.00 %
- ROCE3.5 %
- ROE3.50 %
- Face Value₹ 10.0
More figures (10)
- EPS (TTM)₹ 2.87
- Price / Book0.73
- OPM4.8 %
- Debt / Equity0.08
- Sales growth (5Y)-9.7 %
- Profit growth (5Y)26.4 %
- Promoter holding80.1 %
- EV / EBITDA15.7
- Beta0.61
- All-time high₹ 369
Price chart
| Returns | 1M | 3M | 6M | YTD | 1Y | 3Y CAGR | 5Y CAGR |
|---|---|---|---|---|---|---|---|
| TARMAT | -4.98% | +12.99% | +1.24% | +7.50% | -0.56% | -16.36% | -4.03% |
| Nifty 50 | -0.31% | -3.85% | -4.34% | -11.42% | -9.53% | +5.46% | +4.76% |
Price returns only (dividends not included). Prices from NSE via Yahoo Finance; may be delayed.
Quick take
- Tarmat Limited is in the Engineering & Construction industry (Industrials), with a market value of ₹137 crore.
- It trades at 19.0 times its last 12 months' earnings and 0.7 times book value.
- Revenue grew -9.7% a year over the last 5 years, profit 26.4% a year.
- Return on equity was 3.5% and return on capital employed 3.5% in the latest year.
- Debt was 0.08 times shareholders' equity.
- The share price is 26.1% below its 52-week high and down 0.6% over one year.
- Promoters and insiders hold about 80.1%; institutions about 0.0%.
Pros
AI- Company is almost debt-free (debt is 0.08 times equity).
- Profit has grown 26.4% a year over the last 5 years.
- Latest quarter (Jun 2026): sales up 44% and profit up 121% from a year ago.
- Trades at 19.0 times earnings, below its 3-year median of 33.4.
Cons
AI- Return on equity has been low: 1.3% on average over the last 3 years.
- Sales growth has been slow: -9.7% a year over the last 5 years.
- Promoter holding has fallen by 4.13 points over 3 years, to 29.11%.
- The company has not paid a dividend recently.
Pros and cons are generated automatically from the reported figures. They are observations, not a recommendation to buy or sell.
AI analysis
Plenitude AI reads the figures on this page and explains them in plain language. It does not say whether to buy or sell.
About Tarmat Limited
Tarmat Limited engages in the construction of airfield, and national and state highways in India. The company undertakes various construction works, including airport runways, highways, and railways; and develops infrastructure projects, such as ports, industrial area developments, refineries, etc., as well as parking bays and taxi track related work. It also develops real estate properties; and provides engineering, procurement, and construction services for infrastructure projects. The company was formerly known as Roman Tarmat Limited and changed its name to Tarmat Limited in September 2012. Tarmat Limited was incorporated in 1986 and is based in Mumbai, India.
- Employees
- 112
- Head office
- Mumbai
Peer comparison
IndustrialsEngineering & Construction
| S.No. | Company | CMP ₹ | P/E | Mar Cap ₹ Cr | Div Yld % | NP Qtr ₹ Cr | Qtr Profit Var % | Sales Qtr ₹ Cr | Qtr Sales Var % | ROCE % | ROE % | P/B | OPM % | Debt / Eq | Prom. Hold. % | Sales ₹ Cr | Sales Var 3Yrs % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1. | Tarmat | 54.61 | 19.0 | 137 | 0.00 | 2 | 121.00 | 36 | 43.61 | 3.5 | 3.5 | 0.73 | 4.8 | 0.08 | 80.07 | 117 | -9.7 |
| 2. | Larsen & Toubro | 3,627.10 | 30.1 | 4,99,040 | 1.05 | 4,988 | 15.51 | 67,942 | 6.69 | 14.6 | 15.5 | 4.57 | 9.5 | 1.15 | 14.83 | 2,85,874 | 16.1 |
| 3. | Rail Vikas Nigam | 199.45 | 46.3 | 41,586 | 0.87 | 159 | 18.46 | 4,321 | 10.55 | 11.0 | 9.0 | 4.23 | 3.6 | 0.49 | 72.84 | 20,412 | 0.2 |
| 4. | Kalpataru Projects International | 1,364.30 | 20.5 | 23,298 | 0.79 | 310 | 37.55 | 6,408 | -9.32 | 19.9 | 14.6 | 3.00 | 7.2 | 0.46 | 33.70 | 26,911 | 18.4 |
| 5. | Cemindia Projects | 1,197.70 | 34.2 | 20,575 | 0.25 | 141 | 24.23 | 2,721 | 7.45 | 37.1 | 28.2 | 8.57 | 8.5 | 0.42 | 72.42 | 10,061 | 25.5 |
| 6. | NBCC (India) | 75.51 | 27.6 | 20,388 | 1.25 | 158 | 17.01 | 2,260 | -5.51 | 34.3 | 26.2 | 6.79 | 5.8 | 0.00 | 61.75 | 12,889 | 12.9 |
| 7. | Engineers India | 273.45 | 19.6 | 15,369 | 1.80 | 158 | 141.49 | 820 | -5.80 | 28.1 | 23.8 | 4.90 | 16.8 | 0.01 | 51.37 | 3,928 | 5.7 |
| 8. | Sri Lotus Developers and Realty | 246.25 | 41.1 | 12,035 | 0.21 | 89 | 90.93 | 269 | 52.51 | 16.7 | 16.7 | 5.91 | 36.3 | 0.07 | 79.87 | 769 | 66.4 |
| 9. | VA Tech Wabag | 1,884.80 | 29.2 | 11,783 | 0.26 | 90 | 36.93 | 887 | 20.82 | 16.3 | 15.7 | 4.57 | 14.3 | 0.09 | 27.05 | 3,944 | 9.9 |
| 10. | Techno Electric & Engineering Company | 946.60 | 25.5 | 11,009 | 0.74 | 93 | -31.44 | 630 | 19.84 | 12.5 | 12.0 | 2.65 | 14.1 | 0.02 | 56.96 | 3,160 | 56.3 |
| Median: 55 Co. | 610.03 | 19.6 | 1,987 | 0.00 | 149 | 30.58 | 1,573 | 9.00 | 16.5 | 10.6 | 2.30 | 9.3 | 0.09 | 59.36 | 7,002 | 9.9 |
Companies in the same industry; the median covers every company in it that we hold figures for. Tap a heading to sort. Sorting and comparing are ways to explore data, not recommendations.
Quarterly Results
Consolidated figures in ₹ croreStandalone figures in ₹ crore /
Source: the company's results filed with NSE, as reported. Tap a row marked + for its breakdown. Latest quarter on the right.
Profit & Loss
Consolidated figures in ₹ croreStandalone figures in ₹ crore /
Projection — your assumptions
Starts from the last four reported quarters (TTM) and applies the figures you enter; growth is pre-filled with the company's own 3-year sales growth. This is a what-if calculator for illustration, not a forecast, estimate or recommendation.
Related party transactions
Related-party transactions are dealings with promoters, directors, subsidiaries and associates. Companies disclose them to the exchanges every half-year and in detail in the notes to their annual report.
- Related Party TransactionsTarmat Limited has informed the Exchange about related Party Transactions31-May-2023
- Related Party TransactionTarmat Limited has informed the Exchange about related party transaction for the period ended September 202224-Nov-2022
- Related Party TransactionTarmat Limited has informed the Exchange about related party transaction for the period ended March 202213-Jun-2022
- Related Party TransactionsTarmat Limited has informed the Exchange about related Party Transactions15-Jul-2021
- Related Party TransactionsTarmat Limited has informed the Exchange about related Party Transactions20-Jan-2021
- Related Party TransactionsTarmat Limited has informed the Exchange regarding Disclosure of Related Party Transactions pursuant to Regulation 23(9) of SEBI (Listing Obligations and Disclosure Requirements) …03-Jul-2019
Full details: notes to the Financial Year 2026 annual report (related party disclosures).
| ₹ Cr | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|
| 196 | 181 | 144 | 89 | 101 | 117 | 128 | |
| YOY Sales Growth % | -7.57% | -20.63% | -37.80% | 13.35% | 15.89% | ||
| 189 | 174 | 142 | 87 | 98 | 110 | 120 | |
| Material Cost % | 19% | 32% | 44% | 35% | 39% | 39% | 39% |
| Employee Cost % | 3% | 5% | 7% | 8% | 9% | 10% | 10% |
| Other Expenses % | 74% | 60% | 48% | 54% | 50% | 45% | 44% |
| Operating Profit | 7 | 7 | 2 | 2 | 3 | 7 | 8 |
| OPM % | 4% | 4% | 1% | 3% | 3% | 6% | 6% |
| 1 | 1 | 4 | 0 | 1 | 1 | 1 | |
| Exceptional items | 3 | -3 | |||||
| Interest | 3 | 2 | 0 | 1 | 1 | 1 | 1 |
| Depreciation | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| Profit before tax | 4 | 5 | 7 | -1 | 2 | 6 | 7 |
| 52% | 2% | -2% | -3% | -9% | -1% | ||
| Current tax | 2 | ||||||
| Deferred tax | 0 | 0 | -0 | -0 | -0 | -1 | |
| 2 | 5 | 7 | -1 | 2 | 6 | 7 | |
| YOY Profit Growth % | 136.91% | 62.01% | -115.27% | 233.99% | |||
| EPS in Rs | 3.86 | 2.90 | 3.57 | -0.51 | 0.63 | 2.51 | 2.87 |
Compounded Sales Growth
- 5 Years:
- -10%
- 3 Years:
- -7%
- TTM:
- 23%
Compounded Profit Growth
- 5 Years:
- 26%
- 3 Years:
- -6%
- TTM:
- 252%
Stock Price CAGR
- 5 Years:
- -4%
- 3 Years:
- -16%
- 1 Year:
- -1%
Return on Equity
- 4 Years:
- 2%
- Last Year:
- 4%
| ₹ Cr | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|
| 233 | 171 | 162 | 144 | 89 | 101 | 117 | 122 | |
| YOY Sales Growth % | -26.79% | -5.11% | -11.28% | -37.80% | 13.35% | 15.89% | ||
| 222 | 164 | 155 | 142 | 87 | 98 | 110 | 115 | |
| Material Cost % | 28% | 22% | 35% | 44% | 35% | 39% | 39% | 39% |
| Employee Cost % | 2% | 3% | 5% | 7% | 8% | 9% | 10% | 11% |
| Other Expenses % | 64% | 71% | 55% | 48% | 54% | 50% | 45% | 44% |
| Operating Profit | 11 | 7 | 7 | 2 | 2 | 3 | 7 | 7 |
| OPM % | 5% | 4% | 4% | 1% | 3% | 3% | 6% | 6% |
| 1 | 1 | 1 | 4 | 0 | 1 | 1 | 1 | |
| Exceptional items | 3 | -3 | ||||||
| Interest | 2 | 3 | 2 | 0 | 1 | 1 | 1 | 1 |
| Depreciation | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| Profit before tax | 9 | 4 | 5 | 7 | -1 | 2 | 6 | 6 |
| 22% | 53% | 2% | -2% | -3% | -8% | -5% | ||
| Current tax | 2 | 2 | ||||||
| Deferred tax | 0 | 1 | 0 | -0 | -0 | -0 | -0 | |
| 7 | 2 | 5 | 7 | -1 | 2 | 7 | 6 | |
| YOY Profit Growth % | -72.85% | 143.46% | 62.01% | -115.27% | 250.80% | |||
| EPS in Rs | 5.19 | 3.82 | 2.90 | 3.57 | -0.51 | 0.63 | 2.64 | 2.61 |
Compounded Sales Growth
- 5 Years:
- -7%
- 3 Years:
- -7%
- TTM:
- 17%
Compounded Profit Growth
- 5 Years:
- 28%
- 3 Years:
- -4%
- TTM:
- 219%
Stock Price CAGR
- 5 Years:
- -4%
- 3 Years:
- -16%
- 1 Year:
- -1%
Return on Equity
- 4 Years:
- 2%
- Last Year:
- 4%
Financial years ending March; TTM = the last four quarters. Source: the company's results filed with NSE, as reported. Tap a row marked + for its breakdown. Dividend payout = dividends paid in the year ÷ net profit.
Balance Sheet
Consolidated figures in ₹ crore, as at 31 March
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| Equity Capital | 21 | 21 | 24 | 25 |
| Reserves | 109 | 108 | 149 | 162 |
| 6 | 10 | 10 | 15 | |
| Long term borrowings | 1 | 10 | 8 | 11 |
| Short term borrowings | 5 | 0 | 2 | 4 |
| 76 | 58 | 53 | 59 | |
| Trade payables | 62 | 50 | 31 | 37 |
| Current liabilities | 80 | 57 | 54 | 63 |
| Total Liabilities | 213 | 198 | 236 | 261 |
| 17 | 16 | 21 | 27 | |
| Gross block | 73 | 73 | 79 | 27 |
| Accumulated depreciation | 56 | 57 | 58 | |
| Goodwill & intangibles | 0 | 0 | 0 | |
| CWIP | 0 | |||
| 196 | 182 | 215 | 234 | |
| Inventories | 68 | 72 | 69 | 72 |
| Trade receivables | 22 | 13 | 22 | 21 |
| Cash & equivalents | 5 | 4 | 5 | 21 |
| Current assets | 179 | 164 | 195 | 217 |
| Total Assets | 213 | 198 | 236 | 261 |
Source: Yahoo Finance (compiled from the annual reports). Tap a row marked + for its breakdown.
Cash Flows
Consolidated figures in ₹ crore, financial years ending March
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 9 | -3 | -9 | 8 | |
| Profit for the year | 7 | -1 | 2 | 6 |
| Working capital changes | 9 | -3 | -14 | 1 |
| Direct taxes paid | -8 | -1 | 1 | -1 |
| -1 | 0 | -27 | -7 | |
| Fixed assets purchased | -1 | -0 | -6 | -8 |
| Fixed assets sold | 1 | |||
| -8 | 4 | 40 | 11 | |
| Proceeds from borrowings | 5 | 5 | ||
| Repayment of borrowings | -37 | -1 | ||
| Interest paid | -0 | -1 | -1 | -1 |
| Net Cash Flow | 1 | 1 | 4 | 12 |
| Free Cash Flow | 9 | -3 | -15 | -0 |
Free cash flow = cash from operations − capital expenditure. Source: Yahoo Finance.
Ratios
| Ratio | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| ROE | — | 5.7% | -0.9% | 1.2% | 3.5% |
| ROCE | — | 5.9% | -0.4% | 1.4% | 3.5% |
| Operating margin | — | 0.9% | 1.8% | 1.4% | 4.8% |
| Net margin | — | 5.2% | -1.3% | 1.8% | 5.3% |
| Debt / equity | — | 0.05 | 0.08 | 0.06 | 0.08 |
| Current ratio | — | 2.23 | 2.86 | 3.59 | 3.44 |
| Debtor days | — | 57 | 52 | 78 | 66 |
| Inventory days | — | 196 | 345 | 302 | 286 |
| Days payable | — | 181 | 243 | 136 | 149 |
| Cash conversion cycle | — | 72 | 154 | 244 | 203 |
| Working capital days | — | 251 | 436 | 507 | 479 |
Computed from the reported statements: ROE on average equity; ROCE = EBIT / (total assets − current liabilities). Debtor days = receivables ÷ sales × 365; inventory and payable days use cost of goods sold; cash conversion cycle = debtor + inventory − payable days; working capital days = (current assets − current liabilities) ÷ sales × 365.
Shareholding Pattern
Numbers in percentages · as filed with NSE each quarter
- Promoters 29.11%
- FIIs 1.81%
- Public 69.08%
| % | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Promoters | 33.24% | 33.24% | 33.24% | 33.24% | 29.83% | 30.15% | 29.83% | 29.83% | 30.13% | 29.05% | 29.05% | 29.11% |
| 0.07% | 0.07% | 2.84% | 2.53% | 2.96% | 2.94% | 2.92% | 1.87% | 1.80% | 1.80% | 1.81% | ||
| Foreign portfolio investors (Cat. I) | 0.07% | 0.07% | 2.84% | 2.53% | 2.96% | 2.94% | 2.92% | 1.87% | 1.80% | 1.80% | 1.80% | |
| Foreign portfolio investors (Cat. II) | 0.01% | |||||||||||
| 66.76% | 66.69% | 66.69% | 63.91% | 67.64% | 66.89% | 67.23% | 67.25% | 68.00% | 69.15% | 69.15% | 69.08% | |
| Retail (up to ₹2 lakh) | 17.06% | 16.87% | 16.87% | 20.54% | 18.29% | 17.49% | 18.01% | 18.35% | 17.05% | 14.22% | 14.37% | 14.15% |
| HNIs (above ₹2 lakh) | 10.69% | 15.85% | 15.85% | 10.33% | 10.08% | 10.47% | 10.31% | 10.31% | 16.10% | 17.91% | 17.03% | 17.30% |
| NRIs | 0.51% | 0.65% | 0.65% | 0.85% | 0.74% | 0.73% | 1.79% | 1.66% | 1.67% | 1.55% | 1.53% | 1.54% |
| Bodies corporate | 37.42% | 28.93% | 28.93% | 29.53% | 36.41% | 36.23% | 35.36% | 35.28% | 31.65% | 30.25% | 30.90% | 30.79% |
| No. of Shareholders | 12,523 | 14,153 | 14,153 | 14,628 | 14,442 | 14,358 | 14,379 | 14,596 | 14,055 | 13,485 | 13,251 | 13,283 |
Source: shareholding patterns filed by the company with NSE. Public = non-institutional holders. Tap a row marked + for its breakdown.
Documents
Announcements
- Certificate under SEBI (Depositories and Participants) Regulations, 2018Tarmat Limited has informed the Exchange about Certificate under SEBI (Depositories and Participants) Regulations, 201813-Oct-2026
- Change in ManagementTarmat Limited has informed the Exchange about change in Management09-Oct-2026
- CessationTarmat Limited has informed the Exchange regarding Cessation of AMIT ATMARAM SHAH as Executive Director of the company w.e.f. September 30, 2026.30-Sep-2026
- Shareholders meetingTarmat Limited has submitted the Exchange a copy Srutinizers report of Annual General Meeting held on September 30, 2026. Further, the company has informed the Exchange regarding …30-Sep-2026
- Shareholders meetingTarmat Limited has informed the Exchange regarding Proceedings of Annual General Meeting held on September 30, 202630-Sep-2026
- Trading WindowTarmat Limited has informed the Exchange regarding the Trading Window closure pursuant to SEBI (Prohibition of Insider Trading) Regulations, 201528-Sep-2026
- Copy of Newspaper PublicationTarmat Limited has informed the Exchange about Copy of Newspaper Publication05-Sep-2026
- Shareholders meetingTarmat Limited has informed the Exchange regarding Notice of Annual General Meeting to be held on September 30, 202603-Sep-2026
- UpdatesTarmat Limited has informed the Exchange regarding 'Intimation under Regulation 36(1)(b)'.03-Sep-2026
- Copy of Newspaper PublicationTarmat Limited has informed the Exchange about Copy of Newspaper Publication22-Aug-2026
- Copy of Newspaper PublicationTarmat Limited has informed the Exchange about Copy of Newspaper Publication15-Aug-2026
- Price movementSignificant movement in price has been observed in Tarmat Limited. The Exchange, in order to ensure that investors have latest relevant information about the company and to inform…15-Aug-2026
Annual reports
- Financial Year 202603-SEP-2026
- Financial Year 202504-SEP-2025
- Financial Year 2024
- Financial Year 2023
- Financial Year 2022
- Financial Year 2021
- Financial Year 2020
- Financial Year 2019
- Financial Year 201830-NOV-2018
- Financial Year 201706-OCT-2017
Credit ratings
None filed recently.
Concalls & investor meets
None filed recently.
Filings made by the company with NSE; documents open on NSE's website.
Key dates
- Ex-dividend date
- 20 Sep 2010
- Latest quarter
- 30 Jun 2026
- Financial year end
- 31 Mar 2026
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Latest news
In the news
From the company (NSE)
- Certificate under SEBI (Depositories and Participants) Regulations, 2018Tarmat Limited has informed the Exchange about Certificate under SEBI (Depositories and Participants) Regulations, 2018NSE filing · 13-Oct-2026
- Change in ManagementTarmat Limited has informed the Exchange about change in ManagementNSE filing · 09-Oct-2026
- CessationTarmat Limited has informed the Exchange regarding Cessation of AMIT ATMARAM SHAH as Executive Director of the company w.e.f. September 30, 2026.NSE filing · 30-Sep-2026
- Shareholders meetingTarmat Limited has submitted the Exchange a copy Srutinizers report of Annual General Meeting held on September 30, 2026. Further, the company has informed the Exchange regarding …NSE filing · 30-Sep-2026
- Shareholders meetingTarmat Limited has informed the Exchange regarding Proceedings of Annual General Meeting held on September 30, 2026NSE filing · 30-Sep-2026
- Trading WindowTarmat Limited has informed the Exchange regarding the Trading Window closure pursuant to SEBI (Prohibition of Insider Trading) Regulations, 2015NSE filing · 28-Sep-2026
- Copy of Newspaper PublicationTarmat Limited has informed the Exchange about Copy of Newspaper PublicationNSE filing · 05-Sep-2026
- Shareholders meetingTarmat Limited has informed the Exchange regarding Notice of Annual General Meeting to be held on September 30, 2026NSE filing · 03-Sep-2026
Headlines from news publishers (via Google News) and the filings of the company with NSE; they open on the source website. Headlines with price targets or buy/sell calls are left out. News is for information only and is not a recommendation.
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