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INVESTMENT INSIGHTS

Check Before You Invest : Tarmat Ltd

BSE: 532869 NSE: TARMAT ISIN: INE924H01018
  |   Sector:  Construction & Infrastructure   |   Industry:  Engineering - Construction

Snapshot

Q.1 Which industry/sub-sector does Tarmat Ltd belong to?
Tarmat Ltd belongs to the Construction & Infrastructure sector, operating specifically within the Engineering - Construction segment.
Q.2 Is Tarmat Ltd a good quality company?
Tarmat Ltd is a weak quality company, based on a inconsistent 10 year financial track record.
Q.3 Is Tarmat Ltd undervalued or overvalued?
Tarmat Ltd appears Undervalued, as its key valuation ratios are below with their past averages.
Q.4 Is Tarmat Ltd a good buy now?
Tarmat Ltd is a neutral opportunity now, based on stable price trend analysis suggesting prices may move sideways. However, you need to check its quality and valuation before making a decision

Performance Analysis

Q.1 Revenue growth of Tarmat Ltd?
Tarmat Ltd revenue growth is 22.9% for FY-2025 , which is above its 5 year CAGR of -13.8% , indicating faster growth.
Q.2 Gross Profit margin of Tarmat Ltd?
Tarmat Ltd Gross profit margin which is the profit after deduction of direct costs, is 3% for FY-2025 , which is below its 5 year median of 3.1% , indicating decreasing margins.
Q.3 Operating Profit Margin of Tarmat Ltd?
Tarmat Ltd Operating Profit Margin which is the profit after deduction of all operating costs, is 3.11% for FY-2025 , which is in line with its 5 year median of 3.11% indicating stable margins.
Q.4 Net Profit Margin of Tarmat Ltd?
Tarmat Ltd Net Profit Margin is 1.78% for FY-2025 , is below with its 5 year median of 2.95%, indicating decreasing margins.
Current Level Historic Median
Gross Profit Margin 3 3.1
Operating Profit Margin 3.11 3.11
Net Profit Margin 1.78 2.95
Q.5 Return on Asset of Tarmat Ltd?
Tarmat Ltd Return on Asset is 0.94%, which is below its 5 year historical median of 2.28%, indicating deteriorated asset utilization efficiency.
Q.6 Return on Equity (ROE) of Tarmat Ltd?
Tarmat Ltd Return on equity is 1.3% for FY-2025 , which is below its historical median of 6.32%, indicating the business is making worse use of its shareholders capital.
Q.7 Return on capital employed (ROCE) of Tarmat Ltd?
Tarmat Ltd Return on capital employed is 1.85% for FY-2025 , which is below its estimated weighted average cost of capital(WACC) 14%, indicating value preservation.
Q.8 Cash conversion cycle of Tarmat Ltd?
Tarmat Ltd Cash conversion cycle is 133 days, above its historical median of 54 days, indicating deteriorated working capital management. However, you need to compare this with its peers in the industry.
Current Level Historic Median
Asset Turnover 0.53 0.75
ROE 1.3 6.32
ROCE 1.85 4.51
Cash Conversion Cycle 133 days 54 days
Q.9 Debt to Equity ratio of Tarmat Ltd?
Tarmat Ltd Debt-to-Equity ratio is 0.06 , which is lower with the industry average of 0.37 , indicating lower debt levels in the industry.
Q.10 Debt to cash flow from operations of Tarmat Ltd?
Tarmat Ltd Debt to cash flow from operations is -1.04 , which is at a unhealthy level.

Ownership & governance

Q.1 Promoter shareholding and pledge status of Tarmat Ltd?
Promoters hold 29.05% of the Tarmat Ltd, with 0.00% of their stake pledged, indicating no pledge risk.

Peer comparison (industry-wise, mcap)

Q.1 Revenue growth of Tarmat Ltd vs industry peers?
Tarmat Ltd revenue CAGR is -13.80% , compared to the industry median CAGR of 0% , indicating slower growth and losing its market share.
Profit Metrics
Current Level Industry Median
Revenue 104.9 101.5
Gross Profit 3.2 5.2
Operating Profit 3 6
Net Profit 2 2.6
Operating Efficiency
Current Level Industry Median
Asset Turnover 0.53 0.63
ROE 1.3 6.64
ROCE 1.85 11.13
Cash Conversion Cycle (days) 132.78 52

Valuation & price assessment

Q.1 Stock return of Tarmat Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of 6.6% based on the current price.
Q.2 What return has the stock given over the last decade?
9Y 5Y 3Y 1Y
Share Price 6.6% 4.5% -13% -3.7%
Q.3 Valuation ratios of Tarmat Ltd vs historical?
The current P/E is higher that its historical median.
Q.4 How do the current valuation ratios measure up against the historic numbers and the current industry numbers?
Valuation Ratios Current Historic Median Industry Median
Price to Earnings 34.47 6.24 27.03
Price to Book 0.78 0.88 1.70
Price to Sales 1.18 0.00 1.45
EV to EBITDA 20.72 0.00 11.36

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