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Tarmat Limited

Tarmat Limited

NSE: TARMAT
Engineering & ConstructionIndustrialsSMALL CAPMCap ₹140.0 Cr
₹55.84₹0.69 (+1.25%)

Market Closed • NSE

Market cap₹140.0 Cr
Enterprise value₹130.0 Cr
P/E TTM19.46
P/B0.75
EPS TTM₹2.87
ROCE3.57%
D/E8.05
Dividend yield0.00%
Face value₹10.00
52W high₹73.90
52W low₹46.26
Price chart(1Y)
1Y Return:+7.86% (+₹4.07)
H: ₹69.65L: ₹47.2
1W-0.64%
1M-7.95%
3M+13.43%
6M+1.88%
1Y+0.78%
Today at a glance

Day range

₹55.15₹57.80

52 week range

₹46.26₹73.90
Volume4.3K0.20x 20D avg
Free float50.00%-80.00% volume

Tarmat Limited closed at INR55.84 (+1.25%) on volume 0.2x its 20-day average, trading 24.44% below its 52-week high.

Technical analysis
RSI (14)47.2Neutral (30–70)
MACDBEARISHBearish (Below signal)
ATR (14)₹3.51High
SMA 20₹56.71BEARISH
SMA 50₹56.55BEARISH
SMA 100₹53.66BULLISH
SMA 200₹53.59BULLISH
CPR bottom₹56.36
Pivot₹55.96
CPR top₹55.55
What changed recently?

2026-Q2

Q2 FY2026 Financial Results

PAT moved -48.3% QoQ

2024-09-20

AGM Announced

Annual General Meeting

2023-09-22

AGM Announced

Annual General Meeting

Shariah audit
Methodology: AAOIFI Shariah Standard No. 21
PASS4/4 criteria
Shariah Compliant
CriteriaNumeratorDenominatorValueThresholdStatus
Interest-bearing debt ratio₹15.0 Cr₹140.0 Cr10.73%≤ 33%PASS
Non-halal income ratio–₹117.4 Cr0.00%≤ 5%PASS
Illiquid assets ratio₹239.6 Cr₹261.0 Cr91.80%≥ 20%PASS
Receivables ratio–₹261.0 Cr—≤ 49%PASS
Valuation & sector context
MetricCompanySector
P/E19.4627.60
Forward P/E——
P/B0.753.00
EV/EBITDA—18.00
PEG—1.10
Earnings yield5.103.60
Growth & profitability
RevenuePAT
FY24PAT margin -1.30%
FY25PAT margin 1.80%
FY26PAT margin 5.30%

Revenue and PAT bars use independent scales to make their year-on-year direction readable.

Revenue CAGR 3Y+5.10%
Revenue CAGR 5Y+5.60%
PAT CAGR 3Y+46.10%
PAT CAGR 5Y—
Operating margin6.00%
Net margin5.52%
Financial health & cash flow
Net debt–Moderate
Interest coverage5.00xEBIT / interest
CFO / PAT0.45x3Y average
Net debt / EBITDA—Leverage
Operating cash flow₹7.5 Cr
Capital expenditure–
Free cash flow₹-29.0 Lakh
Financial statements

Complete reported financial history · Values use the company's reporting currency

Hover over the chart for exact reported values. Percentage lines use the right-hand axis.

Fundamental scorecard
Overall68/100
Valuation60/100
Profitability50/100
Financial health95/100

A 0–100 quantitative summary of reported fundamentals. Use the underlying financials and risks for context; the score is not a buy or sell recommendation.

Strengths, risks & investment thesis

Strengths

Low Debt Profile: Debt-to-Equity is comfortable at 0.08x

Attractive Valuation: P/E of 19.5x trades below sector historical averages

Risks

Subject to cyclical raw material and macro industry pressures

Bull case

Market Leadership: Established operational scale in Engineering & Construction.

Bear case

Macro Headwinds: Fluctuations in interest rates and sector-specific policy shifts could compress multiples.

Flip condition

Sustained quarterly EBITDA margin expansion above 20% would trigger an upgrade.

Shareholding pattern
Quarterly ownership historyLatest valid period · December 2025

Ownership distribution

Dec 2025Latest holding

Category trends

Hover over a period for exact holdings

70%47%23%0%Sept 2024Dec 2024Jun 2025Sept 2025Dec 2025
1.80%Institutional holding
69.15%Public holding
5Periods available
0.00%Promoter pledged
13.49KShareholders
Corporate Action

Complete dividend, bonus, split, rights and other action history

Record dateCorporate actionInformationAnnouncement dateEx-date
—Annual General MeetingAnnual General Meeting—20 Sept 2024
—Annual General MeetingAnnual General Meeting—22 Sept 2023
—Annual General MeetingAnnual General Meeting—22 Sept 2022
—Annual General MeetingAnnual General Meeting—20 Sept 2021
—Annual General MeetingAnnual General Meeting—22 Sept 2020
—Annual General MeetingAnnual General Meeting—20 Sept 2019
—Annual General MeetingAnnual General Meeting—19 Sept 2018
—Annual General MeetingAnnual General Meeting—21 Sept 2017
—Annual General MeetingAnnual General Meeting—21 Sept 2016
—Annual General MeetingAnnual General Meeting—10 Sept 2015
Delivery participation

Traded volume and delivery percentage across the latest 20 sessions

Average delivery (20D)57.11%+27.43% latest vs average
Highest delivery88.78%on 08 Oct
Average volume (20D)23.1KTrading-session average
Conviction trendStrengthening+27.43% latest reading
Traded volumeDelivery %
Peer comparison

Compare valuation, latest quarterly performance and year-on-year growth

8 companies
Company nameMarket cap ₹ CrP/E ratioDividend yield %Quarterly sales ₹ CrProfit after tax ₹ CrSales growth %Profit growth %
Larsen & Toubro Limited
Larsen & Toubro LimitedLT
Open analysis
₹5.10L30.721.05%₹67,942.00₹4,988.00+6.69%+15.52%
Adani Ports and Special Economic Zone Limited
Adani Ports and Special Economic Zone LimitedADANIPORTS
Open analysis
₹4.06L30.060.44%₹10,821.00₹3,650.00+18.57%+10.24%
Hindustan Aeronautics Limited
Hindustan Aeronautics LimitedHAL
Open analysis
₹3.11L33.400.97%₹5,515.00₹1,590.00+14.44%+14.88%
Bharat Electronics Limited
Bharat Electronics LimitedBEL
Open analysis
₹2.69L43.830.68%₹5,547.00₹1,055.00+24.93%+8.88%
InterGlobe Aviation Limited
InterGlobe Aviation LimitedINDIGO
Open analysis
₹1.87L—0.00%₹24,584.10-₹237.60+19.95%-110.92%
Bharat Heavy Electricals Limited
Bharat Heavy Electricals LimitedBHEL
Open analysis
₹1.51L62.030.33%₹7,697.72₹381.91+40.29%+183.84%
ABB India Limited
ABB India LimitedABB
Open analysis
₹1.44L92.360.44%₹3,559.00₹362.00+21.05%+2.84%
Hitachi Energy India Limited
Hitachi Energy India LimitedPOWERINDIA
Open analysis
₹1.36L118.580.03%₹2,707.35₹330.46+47.10%+79.71%
About Tarmat Limited
Tarmat Limited

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

IndiaIndustrials

Questions investors ask
Is Tarmat Limited Shariah compliant?

Tarmat Limited is currently screened as Shariah Compliant under AAOIFI Shariah Standard No. 21. Business activities align with Shariah permissible sectors. Debt to Market Cap (10.73%) complies with AAOIFI threshold (≤ 33%).

What is Tarmat Limited's current valuation relative to peers?

Tarmat Limited trades at a P/E of 19.5x compared to the sector median of 27.6x, and a Price-to-Book of 0.7x.

Is the company financially healthy?

The company has a Debt-to-Equity ratio of 0.08x. Interest coverage is 5x.

What are the historical revenue and profit growth rates?

Over the past 5 years, revenue compounded at 5.6% while net profit growth averaged consistent levels.

Market data is informational and may be delayed. Shariah screening follows the displayed methodology. This is not investment advice.

Market data may be delayed. Quote date: 2026-10-09. Financial figures relate to their stated reporting periods. This information is for research and is not a recommendation to buy or sell.