Is Tarmat a good quality company?

Past 10 year’s financial track record analysis by Moneyworks4me indicates that Tarmat Ltd is a below average quality company .

Is Tarmat undervalued or overvalued?

The key valuation ratios of Tarmat Ltd's currently when compared to its past seem to suggest it is in the Somewhat overvalued zone .

What is Tarmat share price return in the past 10 years?

Tarmat Ltd share price has appreciated 28.3% annually (CAGR) over the past ten years.

Is Tarmat a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Tarmat Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

Tarmat Ltd - Stock Valuation and Financial Performance

Name: Tarmat
Brand: Tarmat

BSE: 532869 | NSE: TARMAT | Engineering - Construction | Small Cap

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Tarmat Share Price

₹95.51 -1.54 -1.59%
as on 24-Apr'24 16:01

10 Year X-Ray of Tarmat:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Standalone Basis ^P Consolidated Basis ^P

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Value Creation ⓘ

Value Creation Index Colour Code Guide ⓘ

	Mar'14	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	TTM
ROCE % ⓘ	-7.2%	-6.3%	2.4%	-0%	-2.1%	-9%	5.6%	4.6%	4.2%	4.4%	-
Value Creation Index ⓘ	-1.5	-1.5	-0.8	-1.0	-1.2	-1.7	-0.6	-0.7	-0.7	-0.7	-
Growth Parameters ⓘ Growth Parameters Colour Code Guide ⓘ
Sales ⓘ	117	69.2	53.7	61	60.4	92.9	221	173	151	155	111
Sales YoY Gr.	-	-40.7%	-22.3%	13.5%	-1%	53.9%	137.3%	-21.6%	-12.7%	2.3%	-
Adj EPS ⓘ	-20.5	-19.1	0.4	-0	-3.7	-12.8	5.2	3.8	2.7	2.7	0.7
YoY Gr.	-	NA	NA	-106.8%	NA	NA	NA	-26.2%	-28.2%	-2.9%	-
BVPS (₹) ⓘ	52.9	33.8	34.5	34.6	35.7	36.2	42.1	45.9	52.9	61.3	61.9
Adj Net Profit ⓘ	-22.4	-21	0.5	0	-4.1	-14	6.9	5.1	4.3	5.7	1
Cash Flow from Ops. ⓘ	6.5	2.3	-0.1	-0.9	14.4	17.3	-13.6	26.4	2.3	9.6	-
Debt/CF from Ops. ⓘ	16.8	50.9	-1515.4	-131	7.8	5.6	-8.1	3.4	18.6	0.6	-

CAGR ⓘ

CAGR Colour Code Guide ⓘ

	9 Years	5 Years	3 Years	1 Years
Sales ⓘ	3.2%	20.7%	-11.2%	2.3%
Adj EPS ⓘ	NA	NA	-19.9%	-2.9%
BVPSⓘ	1.7%	11.4%	13.4%	15.9%
Share Price	28.3%	19%	29%	16.7%

Key Financial Parameters ⓘ

Performance Ratio Colour Code Guide ⓘ

	Mar'14	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	TTM
Return on Equity % ⓘ	-32.4	-44	1.3	-0.1	-10.6	-35.4	14.3	8.6	5.6	5	1.1
Op. Profit Mgn % ⓘ	-4.1	-5.2	-0.2	1.3	-27.5	-20.5	5	4.2	4.8	1.4	2.2
Net Profit Mgn % ⓘ	-19.2	-30.3	0.9	-0.1	-6.8	-15.1	3.1	2.9	2.9	3.7	1.3
Debt to Equity ⓘ	1.9	3.2	3.1	3.1	2.9	2.5	2	1.5	0.5	0.1	-
Working Cap Days ⓘ	458	746	958	851	831	496	231	325	377	384	233
Cash Conv. Cycle ⓘ	133	160	198	183	202	121	46	43	50	54	133

Recent Performance Summary

No data to display

Return on Equity has declined versus last 3 years average to 1.10%

Sales growth has been subdued in last 3 years -11.16%

Net Profit has been subdued in last 3 years -19.87%

Sales growth is not so good in last 4 quarters at -22.39%

Latest Financials - Tarmat Ltd.

	Standalone	Consolidated
TTM EPS (₹)	0.7	0.7
TTM Sales (₹ Cr.)	111	111
BVPS (₹.) ⓘ	61.9	61.9
Reserves (₹ Cr.) ⓘ	111	111
P/BV ⓘ	1.57	1.57
PE ⓘ	140.62	140.72

From the Market
52 Week Low / High (₹)	58.00 / 152.89
All Time Low / High (₹)	6.57 / 376.25
Market Cap (₹ Cr.)	207
Equity (₹ Cr.)	21.3
Face Value (₹)	10
Industry PE ⓘ	41.8

Management X-Ray of Tarmat:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

0.00

* Pledged shares as % of Promoter's holding (%)

Valuation of Tarmat

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Price Chart

Price to Earnings

Enterprise Value to EBIT

Price to Book-Value

Price to Sales

Dividend History

Analyst's Notes

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Key Ratios of Tarmat

Standalone Basis Consolidated Basis

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'14	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23
Sales	117	69	54	61	60	93	220	173	151	155
Operating Expenses ⓘ	121	73	54	60	77	112	210	166	144	152
Manufacturing Costs	95	57	45	34	23	44	148	115	83	63
Material Costs	19	9	4	21	42	41	54	39	46	74
Employee Cost	3	3	2	2	2	3	5	6	9	9
Other Costs ⓘ	5	4	4	3	10	23	3	5	6	6
Operating Profit ⓘ	-5	-4	0	1	-17	-19	11	7	7	2
Operating Profit Margin (%)	-4.1%	-5.1%	-0.2%	1.3%	-27.5%	-20.5%	5.0%	4.2%	4.6%	1.4%
Other Income ⓘ	2	1	1	1	19	22	1	1	1	4
Interest ⓘ	16	16	5	0	1	1	2	3	2	1
Depreciation ⓘ	4	4	2	1	1	1	1	1	1	1
Exceptional Items ⓘ	0	0	0	0	0	0	0	0	0	3
Profit Before Tax ⓘ	-23	-21	-6	0	0	1	9	4	5	7
Tax ⓘ	0	0	-7	0	-1	0	2	-1	0	0
Profit After Tax	-22	-21	1	0	1	1	7	5	5	7
PAT Margin (%)	-19.2%	-30.3%	1.5%	0.1%	2.1%	0.6%	3.1%	2.9%	3.0%	4.8%
Adjusted EPS (₹)	-20.5	-19.1	0.8	0.0	1.1	0.5	5.2	3.8	2.9	3.5
Dividend Payout Ratio (%)	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%

Balance Sheet

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'14	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23
Equity and Liabilities
Shareholders Fund	58	37	38	38	39	40	56	61	84	131
Share Capital ⓘ	11	11	11	11	11	11	13	13	16	21
Reserves ⓘ	47	26	27	27	28	29	43	48	68	109
Minority Interest	0	0	0	0	0	0	0	0	0	0
Debt	106	113	118	118	113	97	110	3	1	1
Long Term Debt	26	19	42	42	55	97	110	3	1	1
Short Term Debt	80	94	76	76	57	0	0	0	0	0
Trade Payables	18	21	17	18	17	18	39	38	40	44
Others Liabilities ⓘ	9	10	7	7	7	13	23	106	68	19
Total Liabilities ⓘ	192	182	180	181	176	168	229	209	192	194
Fixed Assets
Gross Block	63	63	63	63	63	63	68	71	71	72
Accumulated Depreciation	42	46	48	50	51	51	52	53	55	56
Net Fixed Assetsⓘ	21	17	14	13	12	11	16	17	16	16
CWIP ⓘ	0	0	0	0	0	0	0	0	0	0
Investmentsⓘ	24	19	19	19	27	27	27	27	9	10
Inventories	33	28	27	26	27	31	49	43	53	41
Trade Receivables	16	21	21	23	21	19	17	13	16	22
Cash Equivalents	5	5	5	5	6	9	28	15	4	5
Others Assetsⓘ	93	93	93	94	83	71	92	94	93	100
Total Assets ⓘ	192	182	180	181	176	168	229	209	192	194

Cash Flow

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'14	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23
Cash Flow From Operating Activity ⓘ	7	2	0	-1	14	17	-14	26	2	10
PBT ⓘ	-23	-21	-6	0	0	1	9	4	5	7
Adjustment ⓘ	20	19	7	1	2	2	3	4	2	2
Changes in Working Capital ⓘ	10	5	-7	-0	11	15	-23	17	-5	9
Tax Paid ⓘ	0	0	6	-2	1	0	-2	2	0	-8
Cash Flow From Investing Activity ⓘ	-24	6	0	0	-7	1	-5	-2	18	-1
Capex	0	0	0	0	0	0	-6	-3	0	-1
Net Investments	-24	5	0	0	-8	0	0	0	18	0
Others ⓘ	0	0	0	0	0	0	1	1	0	0
Cash Flow From Financing Activityⓘ	17	-8	0	0	-7	-17	20	-24	-21	-8
Net Proceeds from Shares ⓘ	0	0	0	0	0	0	9	0	0	0
Net Proceeds from Borrowing ⓘ	33	7	0	0	0	42	13	0	0	0
Interest Paid ⓘ	-16	-16	-5	0	-1	-1	-2	-3	-2	0
Dividend Paid ⓘ	0	0	0	0	0	0	0	0	0	0
Others ⓘ	0	0	5	0	-5	-57	0	-21	-19	-8
Net Cash Flow ⓘ	0	0	0	-1	0	1	2	1	-1	1

Finance Ratio

Standalone Basis Consolidated Basis

PARTICULARS	Mar'14	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23
Ratios
ROE (%)	-32.4	-44.1	2.18	0.09	3.24	1.45	14.45	8.69	6.32	6.92
ROCE (%)	-4.54	-3.64	-0.7	0.15	0.94	1.44	7.38	4.51	4.9	5.71
Asset Turnover Ratio	0.63	0.37	0.3	0.34	0.34	0.54	1.11	0.79	0.75	0.8
PAT to CFO Conversion(x)	N/A	N/A	0	N/A	14	17	-2	5.2	0.4	1.43
Working Capital Days
Receivable Days	66	96	141	130	133	80	30	32	35	45
Inventory Days	122	159	185	158	162	114	66	97	116	111
Payable Days	362	795	1,962	306	154	160	195	357	306	204

Tarmat Ltd Stock News

Tarmat Ltd FAQs

What is the share price of Tarmat?

Company share prices are keep on changing according to the market conditions. The closing price of Tarmat on 24-Apr-2024 16:01 is ₹95.51.

What is the market cap of Tarmat?

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 24-Apr-2024 16:01 the market cap of Tarmat stood at ₹206.8.

What is the P/E ratio of Tarmat?

The latest P/E ratio of Tarmat as of 24-Apr-2024 16:01 is 140.6.

What is the P/B ratio of Tarmat?

The latest P/B ratio of Tarmat as of 24-Apr-2024 16:01 is 1.57.

What is the 52-week high and low of Tarmat?

The 52-week high of Tarmat is ₹152.9 and the 52-week low is ₹58.00.

What is the TTM revenue of Tarmat?

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Tarmat is ₹110.6 ( Cr.) .

About Tarmat Ltd

Roman Tarmat was established in the year 1986 by its Promoter Director Jerry Varghese is an infrastructure construction company engaged in the business of construction of Highways and Runways. Their Company is headquartered at Mumbai with operations spread across the states of Maharashtra, Tamilnadu, Karnataka, Kerala, Mizoram, Gujarat and Delhi.

Their Company started its operations by taking up road works for Government Departments like Public Works Department (PWD), Maharashtra Industrial Development Corporation (MIDC) and BrihanMumbai Municipal Corporation (BMC). In the year 1988, they bagged their first major contract for construction of roads/ bituminous flexible pavement for the entire Nhava Sheva port and construction of rigid concrete pavement base with RCC beams and columns in container yard and completed the project within the stipulated period of 24 months.They provide engineering, procurement and construction services for infrastructure projects.

They constructed runways by taking up the work of strengthening of secondary runway 09/27 at Indira Gandhi International airport, New Delhi. They have also completed bituminous overlay of the runway at Vadodara Airport and upgradation of the main runway 09/27 at the Mumbai International Airport.

The Company has been accredited with â€œISO 9001:2000â€ Quality Management System Certificate for construction of Highways and Airports. They have mainly worked on projects sponsored by Government or Government agencies, including the Central Government, State Governments and Municipalities.

Roman Tarmat has catered to the domestic and international airports, military air base and naval airports and established itself as a reputed & reliable runway contractor among its clients viz; AAI, MES, NAVY, MIDC etc. Some of the creditworthy projects handled by Roman Tarmat are the MES Vishakapatnam Naval airport â€“ one of the longest runway in India, Jamnagar Airport, AAI Mumbai International Airport, Delhi IGI International Airport.

Roman Tarmat was the first to make a revolutionary change in the BMC for using Ready Mix Concrete in their road projects.

Current projects of the company:

Karnataka State Highways Improvement Project-Upgradation of road from Sankeshwar to Yaragatti Total Length of 73Km
Construction of integrated roads at north lake village , Amby valley city, Lonavala
Bus Rapid Transportation System From RTO-Pirana.
Concretization of Existing Roads (Part- I)
Construction of Additional Concrete Parking bays for aircrafts at Cochin International Airport. And many more

Achievements/ recognition