What is Tarmat Ltd (TARMAT) share price return in the past 10 years?

Tarmat Ltd share price has appreciated 5.4% annually (CAGR) over the past ten years.

What is the share price of Tarmat Ltd (TARMAT)?

Company share prices are keep on changing according to the market conditions. The current trading price of Tarmat Ltd (TARMAT) on 04-Jun-2026 16:59:59 at 16:59 is 52.00.

What is the P/E ratio of Tarmat?

The latest standalone P/E ratio of Tarmat as of 04-Jun-2026 is 19.88.

What is the P/B ratio of Tarmat Ltd (TARMAT)?

The latest standalone P/B ratio of Tarmat Ltd (TARMAT) as of 04-Jun-2026 is 0.70.

What is the 52-week high and low of Tarmat Ltd (TARMAT)?

The 52-week high of Tarmat Ltd (TARMAT) is Rs. 73.78 and the 52-week low is Rs. 46.31.

Tarmat Ltd (TARMAT) Share Analysis – Order Book, Quality & Valuation Zone & DeciZen Rating

Name: Tarmat Ltd (TARMAT)
Brand: Tarmat

Tarmat Ltd (TARMAT)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 532869 NSE: TARMAT Engineering - Construction | Small Cap | Tarmat Share Price

Tarmat Ltd (TARMAT)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 532869 NSE: TARMAT Engineering - Construction | Small Cap | Tarmat Share Price

Key Metrics

Valuation Multiples

Market Cap

₹130 Cr.

Current Price

₹52

52-Week Low / High

₹46 / 74

TTM EPS

₹2.6

TTM Sales

₹117 Cr.

Book Value per Share

₹74.6

P/E Ratio

19.88

In line with its 5-year historical median

Industry PE

29.9

Price to Book (P/B)

0.70

Lower than its 5-year historical median

Price to Sales (P/S)

1.11

Lower than its 5-year historical median

EV/EBITDA

14.73

Lower than its 5-year historical median

Dividend Yield

0.00%

Profitability Efficiency

Return on Equity (ROE)

1.30%

Underperforms industry median

Return on Capital Employed (ROCE)

1.85%

Underperforms industry median

Return on Assets (ROA)

0.94%

Operating Profit Margin

3.1%

Net Profit Margin

1.78%

Gross Profit Margin

Growth Momentum
1-yr vs 3-yr growth

Sales Growth (1 Year)

Improving versus 3-year growth rate

22.87%

Operating Profit Growth (1 Year)

Improving versus 3-year growth rate

31.45%

Net Profit Growth (1 Year)

Asset Quality

Promoter Holding

29.05%

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

0.00%

Reserves

₹162 Cr.

Equity

₹25.1 Cr.

Face Value

₹10

All Time Low / High

₹6.57 / 376.25

Tarmat stock performance

Key Ratios

Check Before You Invest

Quality

Not Good

Check detailed performance

Valuation

Undervalued

Check Valuation charts

Price Trend

Semi Strong

Check Price chart

Q.1 Is Tarmat Ltd a good quality company?

Tarmat Ltd is a weak quality company, based on a inconsistent multi-year financial track record.

This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.

We have analysed the performance of the company on the following:

How has it performed on generating Profits?
By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.
How efficiently has it utilized Capital?
By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.
How is it managing its Debt?
By checking its Debt to Equity and Cash Flow from Operations.

How does Tarmat Ltd performance compare with that of its Peers?

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.

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.

Q.1 Stock return of Tarmat Ltd over the last decade?

Over the last 9 year(s), the stock has delivered a CAGR of 5.2% based on the current price.

10 Year X-Ray :

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

Value Creation ⓘ

	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25	TTM
ROCE % ⓘ	-0.7%	0.2%	0.9%	1.4%	7.4%	4.5%	4.9%	5.7%	-0.4%	1.9%	-
Value Creation Index ⓘ	-1.1	-1.0	-0.9	-0.9	-0.5	-0.7	-0.7	-0.6	-1.0	-0.9	-
Growth Parameters ⓘ
Sales ⓘ	53.7	61	60.4	92.9	221	173	151	155	85.4	105	117
Sales YoY Gr.	-	13.5%	-1%	53.9%	137.3%	-21.6%	-12.7%	2.3%	-44.8%	22.9%	-
Adj EPS ⓘ	0.4	-0	-3.7	-12.8	5.2	3.8	2.7	2.7	0.3	0.6	2.6
YoY Gr.	-	-106.8%	NA	NA	NA	-26.2%	-28.2%	-2.9%	-87.6%	93.9%	-
BVPS (₹) ⓘ	34.5	34.6	35.7	36.2	42.1	45.9	52.9	61.3	60.8	65.5	74.6
Adj Net Profit ⓘ	0.5	-0	-4.1	-14	6.9	5.1	4.3	5.7	0.7	1.5	7
Cash Flow from Ops. ⓘ	-0.1	-0.9	14.4	17.3	-13.6	26.4	2.3	9.5	-3.2	-9.2	-
Debt/CF from Ops. ⓘ	-1515.4	-131	7.8	5.6	-8.1	3.4	18.6	0.6	-3.3	-1	-

CAGR ⓘ

	9 Years	5 Years	3 Years	1 Years
Sales ⓘ	7.7%	-13.8%	-11.4%	22.9%
Adj EPS ⓘ	4.3%	-34.1%	-38.3%	93.9%
BVPSⓘ	7.4%	9.2%	7.4%	7.7%
Share Price	5.4%	-3%	-10%	-4.6%

Key Financial Parameters ⓘ

	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25	TTM
Return on Equity % ⓘ	1.3	-0.1	-10.6	-35.4	14.3	8.6	5.6	5	0.5	1	3.7
Op. Profit Mgn % ⓘ	-0.2	1.3	-27.5	-20.5	5	4.2	4.8	1.4	2.9	3.1	6.1
Net Profit Mgn % ⓘ	0.9	-0.1	-6.8	-15.1	3.1	2.9	2.9	3.7	0.8	1.5	5.6
Debt to Equity ⓘ	3.1	3.1	2.9	2.5	2	1.5	0.5	0.1	0.1	0.1	0.1
Working Cap Days ⓘ	958	851	831	496	231	325	377	384	671	578	271
Cash Conv. Cycle ⓘ	198	183	202	121	46	43	50	54	91	133	215

Profit And Loss

(All Figures are in Crores.)

PARTICULARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Sales	54	61	60	93	220	173	151	155	85	105
Operating Expenses ⓘ +	54	60	77	112	210	166	144	152	83	102
Manufacturing Costs	45	34	23	44	148	115	83	63	45	45
Material Costs	4	21	42	41	54	39	46	74	27	43
Employee Cost	2	2	2	3	5	6	9	9	7	9
Other Costs ⓘ	4	3	10	23	3	5	6	6	4	5
Operating Profit ⓘ	-0	1	-17	-19	11	7	7	2	2	3
Operating Profit Margin (%)	-0.2%	1.3%	-27.5%	-20.5%	5.0%	4.2%	4.6%	1.4%	2.9%	3.1%
Other Income ⓘ +	1	1	19	22	1	1	1	4	0	1
Exceptional Items ⓘ	0	0	0	0	0	0	0	3	-3	0
Interest ⓘ	5	0	1	1	2	3	2	1	1	1
Depreciation ⓘ	2	1	1	1	1	1	1	1	1	1
Profit Before Tax ⓘ	-6	0	0	1	9	4	5	7	-1	2
Tax ⓘ	-7	0	-1	0	2	-1	0	-0	-0	-0
Profit After Tax	1	0	1	1	7	5	5	7	-1	2
PAT Margin (%)	1.5%	0.1%	2.1%	0.6%	3.1%	3.0%	3.0%	4.8%	-1.3%	1.8%
Adjusted EPS (₹)	0.8	0.0	1.1	0.5	5.2	3.8	2.9	3.5	-0.5	0.8
Dividend Payout Ratio (%)	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%

Valuation of Tarmat - Standalone

YTD 1Y 3Y 5Y 10Y Max

Analyst's Notes

No data found!

Balance Sheet

(All Figures are in Crores.)

PARTICULARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Equity and Liabilities
Shareholders Fund +	38	38	39	40	56	61	84	131	130	158
Share Capital ⓘ	11	11	11	11	13	13	16	21	21	24
Reserves ⓘ	27	27	28	29	43	48	68	109	108	134
Debt +	118	118	113	97	110	3	1	5	10	8
Long Term Debt	42	42	55	97	110	3	1	1	10	8
Short Term Debt	76	76	57	0	0	0	0	4	0	1
Minority Interest	0	0	0	0	0	0	0	0	0	0
Trade Payables	17	18	17	18	39	38	40	44	31	12
Others Liabilities ⓘ	7	7	7	13	23	106	68	15	8	39
Total Liabilities ⓘ	180	181	176	168	229	209	192	194	179	217
Fixed Assets
Net Fixed Assets ⓘ +	14	13	12	11	16	17	16	16	15	20
Gross Block	63	63	63	63	68	71	71	72	72	77
Accumulated Depreciation	48	50	51	51	52	53	55	56	56	57
CWIP ⓘ	0	0	0	0	0	0	0	0	0	0
Investments ⓘ	19	19	27	27	27	27	9	10	10	10
Inventories	27	26	27	31	49	43	53	41	45	43
Trade Receivables	21	23	21	19	17	13	16	22	13	22
Cash Equivalents	5	5	6	9	28	15	4	5	4	5
Others Assets ⓘ	93	94	83	71	92	94	93	100	92	117
Total Assets ⓘ	180	181	176	168	229	209	192	194	179	217

Cash Flow

(All Figures are in Crores.)

PARTICULARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Cash Flow From Operating Activity ⓘ +	-0	-1	14	17	-14	26	2	9	-3	-9
PBT ⓘ	-6	0	0	1	9	4	5	7	-1	2
Adjustment ⓘ	7	1	2	2	3	4	2	1	2	1
Changes in Working Capital ⓘ	-7	-0	11	15	-23	17	-5	9	-3	-14
Tax Paid ⓘ	6	-2	1	0	-2	2	0	-8	-1	1
Cash Flow From Investing Activity ⓘ +	0	0	-7	1	-5	-2	18	-1	0	-27
Capex	-0	-0	0	0	-6	-3	-0	-1	-0	-5
Net Investments	0	0	-8	-0	-0	0	18	-0	0	0
Others ⓘ	0	0	0	0	1	1	0	0	0	-22
Cash Flow From Financing Activity ⓘ +	-0	-0	-7	-17	20	-24	-21	-8	4	40
Net Proceeds from Shares ⓘ	0	0	0	0	9	0	0	0	0	0
Net Proceeds from Borrowing ⓘ	0	0	0	42	13	0	0	0	0	0
Interest Paid ⓘ	-5	-0	-1	-1	-2	-3	-2	-0	-1	-1
Dividend Paid ⓘ	0	0	0	0	0	0	0	0	0	0
Others ⓘ	5	0	-5	-57	-0	-21	-19	-8	5	41
Net Cash Flow ⓘ	0	-1	0	1	2	1	-1	1	1	4

Financial Ratio

PARTICULARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Ratios
ROE (%)	2.18	0.09	3.24	1.45	14.45	8.69	6.32	6.92	-0.87	1.3
ROCE (%)	-0.7	0.15	0.94	1.44	7.38	4.51	4.9	5.71	-0.39	1.85
Asset Turnover Ratio	0.3	0.34	0.34	0.54	1.11	0.79	0.75	0.8	0.46	0.53
PAT to CFO Conversion(x)	-0	N/A	14	17	-2	5.2	0.4	1.29	N/A	-4.5
Working Capital Days
Receivable Days	140.70	130.40	132.50	79.70	30.50	32	34.70	45.10	75.30	60.10
Inventory Days	185.20	158.30	162	114	66.10	97.10	116.10	111.40	184.20	153.10
Payable Days	1,962.10	305.70	154	159.50	195.10	357.30	306	204.50	499	187.30

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

0.00

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

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Tarmat Ltd FAQs

The current trading price of Tarmat on 04-Jun-2026 16:59 is ₹52.00.

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 03-Jun-2026 the market cap of Tarmat stood at ₹130.3 Cr

The latest P/E ratio of Tarmat as of 03-Jun-2026 is 19.88.

The latest P/B ratio of Tarmat as of 03-Jun-2026 is 0.70.

The 52-week high of Tarmat is ₹73.78 and the 52-week low is ₹46.31.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Tarmat is ₹117 ( Cr.) .

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

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

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

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

The company holds ISO 9000:2008 certification

Tarmat Ltd (TARMAT)

Tarmat Ltd (TARMAT)

Tarmat stock performance

Check Before You Invest

Quality

Valuation

Price Trend

10 Year X-Ray :

Analysis of Financial Track Record (Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end)

Value Creation ⓘ

Growth Parameters ⓘ

CAGR ⓘ

Key Financial Parameters ⓘ

Profit And Loss

Valuation of Tarmat - Standalone

Price Calculator

Price Chart

Price to Earnings

Price to Sales

Price to Book

EV to EBITDA

Dividend History

Analyst's Notes

Balance Sheet

Equity and Liabilities

Fixed Assets

Cash Flow

Financial Ratio

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Tarmat Ltd FAQs

About Tarmat Ltd

About MoneyWorks4Me

Our Vision

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

Name of the IA registered with SEBI:	The Alchemists Ark Pvt. Ltd.
Logo:
Trade/Brand Name of IA:	MoneyWorks4Me Investment Advisers
Brand Logo:
SEBI Registration Number:	INA000013323 Validity – May 16, 2019 – Perpetual
Registration:	Non-Individual
BSE Enlistment No:	1187
Address:	B-101, Signet Corner Building, Balewadi Phata, Baner, Pune, Maharashtra 411045
Compliance officer Details:	Name: Shrikant Jagtap Email: shrikant.jagtap@moneyworks4me.com Telephone: +919860359463 Address: Same as IA
Grievance Officer Details:	Name: Mukta Vaze Email: mukta.vaze@moneyworks4me.com Telephone: +91 98609 19463 Address: Same as IA
Principal Officer Details:	Name: Atharva Bhide Email: atharva.bhide@moneyworks4me.com Telephone: +91 91758 99463 Address: Same as IA
Standard Warning:	Investment in securities market are subject to market risks. Read all the related documents carefully before investing.
Disclaimer:	Registration granted by SEBI, enlistment with exchange and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors.

Tarmat Ltd (TARMAT)

Tarmat Ltd (TARMAT)

Tarmat stock performance

Check Before You Invest

Quality

Valuation

Price Trend

10 Year X-Ray :

Analysis of Financial Track Record (Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end)

Value Creation ⓘ

Growth Parameters ⓘ

CAGR ⓘ

Key Financial Parameters ⓘ

Profit And Loss

Valuation of Tarmat - Standalone

Price Calculator

Price Chart

Price to Earnings

Price to Sales

Price to Book

EV to EBITDA

Dividend History

Price Calculator

Price Chart

Price to Earnings

Enterprise Value to EBIT

Price to Book-Value

Price to Sales

Dividend History

Analyst's Notes

Balance Sheet

Equity and Liabilities

Fixed Assets

Cash Flow

Financial Ratio

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Tarmat Ltd FAQs

What is the share price of Tarmat?

What is the market cap of Tarmat?

What is the P/E ratio of Tarmat?

What is the P/B ratio of Tarmat?

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

What is the TTM revenue of Tarmat?

Is Tarmat Ltd a good quality company?

Is Tarmat Ltd undervalued or overvalued?

Is Tarmat Ltd a good buy now?

About Tarmat Ltd

About MoneyWorks4Me

Our Vision

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.