Tarmat Ltd Stock Analysis

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

BSE Share Price 05-Dec-2022 18:01
53.05 -2.95 (-5.27%)

DeciZen - Make an Informed Decision on Tarmat

Overall Rating
M-Cap below 500cr. High Risk from low Liquidity

1. Quality

2. Valuation

Fair

3. Price Trend

Tarmat Price Chart

P/E Ratio (SA) :
25.04
Market Cap :
119.4 Cr.
52-wk low :
41.5
52-wk high :
83.1
Bole Toh?

1. Is Tarmat Ltd a good quality company?

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

2. Is Tarmat Ltd undervalued or overvalued?

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

3. Is Tarmat Ltd 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.

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

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

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Tarmat Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation

Value Creation Index Colour Code Guide

Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22TTM
ROCE % -8.2%-7.2%-6.3%2.4%-0%-2.1%-9%5.6%4.6%4.2%-
Value Creation Index -1.6-1.5-1.5-0.8-1.0-1.2-1.7-0.6-0.7-0.7-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 15311769.253.76160.492.9221173151144
YoY Gr. Rt. %--23.9%-40.7%-22.3%13.5%-1%53.9%137.3%-21.6%-12.7%-
Adj EPS -17.2-20.5-19.10.4-0-3.7-12.85.23.82.72.2
YoY Gr. Rt. %-NANANA-106.8%NANANA-26.2%-28.2%-
BVPS (₹) 73.452.933.834.534.635.736.242.145.952.959
Adj Net Profit -18.9-22.4-210.50-4.1-146.95.14.35
Cash Flow from Ops. -10.76.52.3-0.1-0.914.417.3-13.626.420.3-
Debt/CF from Ops. -6.816.850.9-1515.4-1317.85.6-8.13.42.1-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales -0.2%19.9%17.6%-12.7%
Adj EPS NANANA-28.2%
BVPS -3.68.913.415.2
Share Price 11.1% -1% 29.1% -27%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22TTM
Return on Equity % -20.2-32.4-441.3-0.1-10.6-35.414.38.65.64
Op. Profit Mgn % 0.9-4.1-5.2-0.21.3-27.5-20.554.24.84
Net Profit Mgn % -12.3-19.2-30.30.9-0.1-6.8-15.13.12.92.93.3
Debt to Equity 0.91.93.23.13.12.92.521.50.50
Working Cap Days 363458746958851831496231325377466
Cash Conv. Cycle 130133160198183202121464350271

Recent Performance Summary

Sales growth is growing at healthy rate in last 3 years 17.59%

Debt to equity has declined versus last 3 years average to 0.52

Return on Equity has declined versus last 3 years average to 4.00%

Net Profit has been subdued in last 3 years 0.00%

Sales growth is not so good in last 4 quarters at -23.83%

Latest Financials - Tarmat Ltd.

Standalone Consolidated
TTM EPS (₹) 2.2 2.2
TTM Sales (₹ Cr.) 144 163
BVPS (₹.) 59 59
Reserves (₹ Cr.) 104 104
P/BV 0.95 0.95
PE 25.04 25.14
From the Market
52 Week Low / High (₹) 41.45 / 83.05
All Time Low / High (₹) 6.57 / 376.25
Market Cap (₹ Cr.) 119
Equity (₹ Cr.) 21.3
Face Value (₹) 10
Industry PE 27.5

Management X-Ray of Tarmat :

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Tarmat

Adj EPS (Rs.)
Sales (Cr.)
ROE (%)
ROCE (%)

News

Tarmat Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Tarmat on 05-Dec-2022 18:01 is : 53.05.
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 05-Dec-2022 18:01 the market cap of Tarmat stood at ₹ 119.4.
The latest PE ratio of Tarmat as of 05-Dec-2022 18:01 is 25.04.
The latest PB ratio of Tarmat as of 05-Dec-2022 18:01 is 0.95
The 52-week high of Tarmat is ₹ 83.05 and the 52-week low is ₹ 41.45.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue / sales of Tarmat is ₹ 144.3 ( 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 “ISO 9001:2000” 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 – 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

  • The company holds ISO 9000:2008 certification
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