Tarmat Ltd

As of November 18, 2025, Tarmat is considered undervalued with an attractive valuation grade, reflected in its PE ratio of 41.77, Price to Book Value of 0.80, and EV to EBITDA of 35.81, especially when compared to peers like Larsen & Toubro and CG Power & Ind, despite its year-to-date stock performance lagging behind the Sensex.

As of November 17, 2025, Tarmat is fairly valued with a PE ratio of 43.21 and a PEG ratio of 0.47, positioning it competitively within the construction industry despite a 31.67% decline in stock performance over the past year compared to the Sensex's 9.50% gain.

Tarmat's historical performance shows a decline in net sales from 276.35 Cr in Mar'20 to 101.28 Cr in Mar'25, with some recovery in operating profit and profit after tax in recent years. Despite challenges, total assets and net cash inflow have improved, indicating signs of recovery.

Tarmat's historical performance has shown significant fluctuations, with net sales declining from 276.35 Cr in Mar'20 to 101.28 Cr in Mar'25, while operating profit peaked at 12.02 Cr in Mar'20 and fell to 3.83 Cr in Mar'25. Despite a return to profitability in Mar'25, the company faces challenges with negative cash flow from operations.

Tarmat's latest results are generally positive, with a 47.74% increase in net sales and the highest profits in five quarters, but the company faces challenges with a declining debtors turnover ratio. Overall, while sales and profits have improved, operational issues may need attention.

Tarmat's historical performance shows significant declines in net sales and operating profit from Mar'20 to Mar'25, with a rebound in profit before and after tax in Mar'25. Despite a decrease in total liabilities and assets, cash flow from operations has been negative, indicating a challenging financial period with some recovery signs.

As of November 3, 2025, Tarmat is considered overvalued with a high PE ratio of 63.60 and an EV to EBITDA of 43.09, alongside a low ROCE of 0.92%, especially when compared to peers like Larsen & Toubro, which has a PE of 34.14, and a disappointing year-to-date return of -33.96% against the Sensex's 7.47%.

As of October 31, 2025, Tarmat's valuation has shifted to fair with a PE ratio of 64.21, but it faces challenges with low ROCE of 0.92%, ROE of 1.19%, and a year-to-date return of -33.33%, underperforming against the Sensex's 7.42%.

As of October 31, 2025, Tarmat is fairly valued with a PE ratio of 64.21 and has underperformed the Sensex with a year-to-date return of -33.33%, indicating challenges in delivering strong returns compared to its peers.

As of October 31, 2025, Tarmat is fairly valued with a PE ratio of 64.21, an EV to EBITDA ratio of 43.50, and a Price to Book Value of 0.82, but has underperformed the Sensex with a year-to-date return of -33.33%.

Tarmat's historical performance shows fluctuating net sales, declining from INR 276.35 crore in March 2020 to INR 101.28 crore in March 2025, with profitability also varying significantly. Despite a recent profit before tax of INR 1.81 crore in March 2025, the company has faced challenges in maintaining consistent growth and profitability.

As of 27-Oct, Tarmat Ltd's stock price is Rs 52.61, down 4.24%, and has underperformed its sector. The stock has declined 31.12% over the past year, contrasting sharply with the Sensex's gains.

As of 09-Oct, Tarmat Ltd's stock price is Rs 55.96, up 7.55% today after two days of decline, but it has seen a significant drop in investor participation and is down 27.54% year-to-date. Despite outperforming the Sensex in the short term, its long-term performance remains challenging.