Tarmat

{
  "main_header": {
    "sid": 121253,
    "name": "Tarmat",
    "stock_name": "Tarmat",
    "full_name": "Tarmat Ltd",
    "name_url": "stocks-analysis/tarmat",
    "exchange": 1,
    "exchangecode": "",
    "country_id": 34,
    "currency": "INR",
    "cmp": "51.39",
    "chg": -0.55,
    "chgp": "-1.06%",
    "dir": -1,
    "prev_price": "51.94",
    "mcapval": "128.00 Cr",
    "mcap": "Micro Cap",
    "scripcode": 532869,
    "symbol": "TARMAT",
    "ind_name": "Construction",
    "ind_code": 19,
    "indexname": "",
    "isin": "INE924H01018",
    "curr_date": "Jan 19",
    "curr_time": "",
    "bse_nse_vol": "8.22 k",
    "exc_status": "Active",
    "traded_date": "Jan 19, 2026",
    "traded_date_str": "2026 01 19",
    "score": "",
    "scoreText": "",
    "Live": 0,
    "market_time": 0,
    "is_blur": 1,
    "is_blur_class": "blur-register-score-header",
    "is_blur_url": "https://www.marketsmojo.com/mojofeed/register?redirect=/stocks-analysis/tarmat-121253-1&utm_source=Spage_Header_Score",
    "mojoone": {
      "ismore": 0
    }
  },
  "news": {
    "results": [
      {
        "title": "Why is Tarmat Ltd falling/rising?",
        "link": "https://www.marketsmojo.com/news/stocks-in-action/why-is-tarmat-ltd-fallingrising-3790651",
        "imagepath": "",
        "date": "2026-01-14 00:36:53",
        "description": "    <div class=\"article-news-new\">\n        <div class=\"article-container\">\n\n<div class=\"article-content\">\n\n<p><strong>Robust Quarterly Performance Drives Momentum</strong></p>\n<p>The sharp rise in Tarmat’s share price on 13-Jan can be primarily attributed to the company’s very positive quarterly results declared in September 2025. The firm reported a remarkable net profit growth of 256.1%, signalling a strong operational turnaround. This performance is further supported by a 45.60% increase in quarterly net sales, which reached ₹22.67 crores, underscoring expanding business activity and improving revenue streams.</p>\n<p>Additionally, the company’s cash and cash equivalents stood at a record high of ₹12.75 crores for the half-year period, reflecting enhanced liquidity and financial stability. The debtors turnover ratio also improved to 13.86 times, indicating efficient receivables management and better cash ..."
      },
      {
        "title": "Tarmat Ltd is Rated Sell by MarketsMOJO",
        "link": "https://www.marketsmojo.com/news/stock-recommendation/tarmat-ltd-is-rated-sell-by-marketsmojo-3783061",
        "imagepath": "https://i.marketsmojo.com/newsimg/2026/1/TarmatLtd_mojoScore_3783061.png",
        "date": "2026-01-06 10:10:43",
        "description": "Tarmat Ltd is rated 'Sell' by MarketsMOJO, a rating that was last updated on 17 Nov 2025. However, the analysis and financial metrics discussed here reflect the stock's current position as of 06 January 2026, providing investors with the latest insights into the company’s performance and outlook."
      },
      {
        "title": "Tarmat Ltd is Rated Sell by MarketsMOJO",
        "link": "https://www.marketsmojo.com/news/stock-recommendation/tarmat-ltd-is-rated-sell-by-marketsmojo-3769653",
        "imagepath": "https://i.marketsmojo.com/newsimg/2025/12/TarmatLtd_mojoScore_3769653.png",
        "date": "2025-12-25 15:12:53",
        "description": "Tarmat Ltd is rated 'Sell' by MarketsMOJO, with this rating last updated on 17 Nov 2025. However, the analysis and financial metrics presented here reflect the company’s current position as of 25 December 2025, providing investors with an up-to-date view of the stock’s fundamentals, returns, and technical outlook."
      },
      {
        "title": "Tarmat's Evaluation Metrics Revised Amid Mixed Financial and Market Signals",
        "link": "https://www.marketsmojo.com/news/stock-recommendation/tarmat-stock-upgraded-from-strong-sell-to-sell-by-marketsmojo-3748061",
        "imagepath": "https://i.marketsmojo.com/newsimg/2025/12/Tarmat_mojoScore_3748061.png",
        "date": "2025-12-05 10:11:01",
        "description": "Tarmat, a microcap player in the construction sector, has recently undergone a revision in its evaluation metrics reflecting nuanced shifts across key analytical parameters. This development comes amid a backdrop of mixed financial performance and subdued market returns, prompting a reassessment of the company’s standing within its sector."
      },
      {
        "title": "Is Tarmat overvalued or undervalued?",
        "link": "https://www.marketsmojo.com/news/stocks-in-action/is-tarmat-overvalued-or-undervalued-3713542",
        "imagepath": "",
        "date": "2025-11-19 08:07:48",
        "description": "As of 18 November 2025, Tarmat's valuation grade has moved from fair to attractive, indicating a more favorable outlook. The company is currently assessed as undervalued, particularly when considering its PE ratio of 41.77, a Price to Book Value of 0.80, and an EV to EBITDA of 35.81. These ratios suggest that while the stock is trading at a premium in terms of earnings, it remains attractive relative to its book value and operational cash flows.\n\nWhen compared to peers, Tarmat's valuation metrics stand out. For instance, Larsen & Toubro, also rated attractive, has a lower PE ratio of 34.3 and an EV to EBITDA of 18.1, highlighting that Tarmat may offer better growth potential at a lower relative cost. In contrast, CG Power & Ind is deemed very expensive with a PE of 108.1, further emphasizing Tarmat's relative value. Additionally, Tarmat's recent stock performance has lagged behind the Sensex, with a year-to..."
      },
      {
        "title": "Tarmat Reports Strong Growth Metrics Amid Challenges in Operating Cash Flow",
        "link": "https://www.marketsmojo.com/news/stocks-in-action/tarmats-financial-trend-improves-from-positive-to-very-positive-with-4560-sales-growth-3711789",
        "imagepath": "https://i.marketsmojo.com/newsimg/2025/11/Tarmat_fintrenddot_3711789.png",
        "date": "2025-11-18 12:00:08",
        "description": "Tarmat, a microcap construction firm, reported strong financial results for the quarter ending September 2025, with significant growth in net sales and cash reserves. Despite challenges in operating cash flow, the company achieved its highest PBDIT and profit after tax, indicating effective management and potential for future recovery."
      },
      {
        "title": "Tarmat Ltd Q2 FY26: Strong Profit Growth Masks Underlying Operational Challenges",
        "link": "https://www.marketsmojo.com/news/result-analysis/tarmat-ltd-q2-fy26-strong-profit-growth-masks-underlying-operational-challenges-3711687",
        "imagepath": "https://i.marketsmojo.com/newsimg/2025/11/Tarmat_quaterlyResult_3711687.png",
        "date": "2025-11-18 09:47:12",
        "description": "Tarmat Ltd., a Mumbai-based micro-cap construction company, reported a dramatic 111.59% quarter-on-quarter surge in net profit to ₹1.46 crores for Q2 FY26, driven largely by exceptional other income of ₹0.75 crores. However, the company's core operating performance reveals a more concerning picture, with revenue declining 9.10% sequentially to ₹22.67 crores despite posting a respectable 45.60% year-on-year growth. The stock, currently trading at ₹52.00 with a market capitalisation of ₹130.33 crores, has declined 1.42% following the results announcement, continuing a troubling downward trajectory that has seen it lose 31.24% over the past year."
      },
      {
        "title": "Is Tarmat overvalued or undervalued?",
        "link": "https://www.marketsmojo.com/news/stocks-in-action/is-tarmat-overvalued-or-undervalued-3709706",
        "imagepath": "",
        "date": "2025-11-18 08:19:26",
        "description": "As of 17 November 2025, Tarmat's valuation grade has moved from expensive to fair, indicating a more favorable assessment of its market position. The company is currently fairly valued, with a PE ratio of 43.21, an EV to EBITDA of 37.05, and a PEG ratio of 0.47, suggesting that its growth prospects are relatively attractive compared to its current price. \n\nIn comparison to peers, Tarmat's PE ratio is higher than that of Larsen & Toubro, which stands at 34.55, but significantly lower than CG Power & Ind, which is currently very expensive at a PE of 110.51. This positions Tarmat in a competitive light within the construction industry, especially considering its lower PEG ratio compared to peers like Siemens, which has a PEG of 1.63. Notably, Tarmat's recent stock performance has underperformed the Sensex over the past year, with a decline of 31.67% compared to the Sensex's gain of 9.50%, which may reinforce t..."
      },
      {
        "title": "How has been the historical performance of Tarmat?",
        "link": "https://www.marketsmojo.com/news/stocks-in-action/how-has-been-the-historical-performance-of-tarmat-3708489",
        "imagepath": "",
        "date": "2025-11-17 22:51:46",
        "description": "Answer:\nThe historical performance of Tarmat shows significant fluctuations in key financial metrics over the years.\n\nBreakdown:\nTarmat's net sales have seen a decline from 276.35 Cr in Mar'20 to 101.28 Cr in Mar'25, with a notable drop in Mar'23 at 143.66 Cr and Mar'22 at 181.01 Cr. Total operating income followed a similar trend, decreasing from 276.35 Cr in Mar'20 to 101.28 Cr in Mar'25. The raw material cost increased from 39.08 Cr in Mar'25 compared to 31.40 Cr in Mar'24, while employee costs rose to 9.24 Cr in Mar'25 from 7.14 Cr in Mar'24. Operating profit (PBDIT) showed a slight recovery to 3.83 Cr in Mar'25 from 2.85 Cr in Mar'24, although it was significantly lower than the 12.02 Cr recorded in Mar'20. Profit before tax turned positive at 1.81 Cr in Mar'25 after a loss of 1.26 Cr in Mar'24, and profit after tax also improved to 1.87 Cr from a loss of 1.13 Cr. The company's total assets increased t..."
      }
    ],
    "total": 99,
    "sid": "121253",
    "stock_news_url": "https://www.marketsmojo.com/news/tarmat-121253"
  },
  "announcements": [
    {
      "details": "Tarmat Limited Limited for the quarter ended 30-Sep-2019 with respect to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.",
      "source": "NSE",
      "caption": "Tarmat Limited - Reply to Clarification- Financial results",
      "datetime": "09-Dec-2019"
    },
    {
      "details": "Tarmat Limited has informed the Exchange regarding ''.Exemption Approval Letter from SEBI dated December 05, 2019",
      "source": "NSE",
      "caption": "Tarmat Limited - Updates",
      "datetime": "05-Dec-2019"
    },
    {
      "details": "Tarmat Limited has informed the Exchange regarding Resignation of Mr Jerry E. Varghese as Chief Executive Officer of the company w.e.f. November 21, 2019.",
      "source": "NSE",
      "caption": "Tarmat Limited - Resignation",
      "datetime": "22-Nov-2019"
    }
  ],
  "corporate_actions": [
    {
      "img": "board-meeting.svg",
      "title": "BOARD MEETING",
      "msg": "<span>No</span> Upcoming Board Meetings",
      "data": []
    },
    {
      "img": "dividend.svg",
      "title": "DIVIDEND",
      "msg": "",
      "data": [
        {
          "txt": "Tarmat Ltd has declared <strong>10%</strong> dividend, ex-date: 20 Sep 10",
          "dt": "2010-09-20",
          "middle_text": "Dividend Alert"
        }
      ]
    },
    {
      "img": "splits.svg",
      "title": "SPLITS",
      "msg": "No <strong>Splits</strong> history available",
      "data": []
    },
    {
      "img": "bonus.svg",
      "title": "BONUS",
      "msg": "No <strong>Bonus</strong> history available",
      "data": []
    },
    {
      "img": "rights-issues.svg",
      "title": "RIGHTS",
      "msg": "No <strong>Rights</strong> history available",
      "data": []
    }
  ]
}

News and Views

Why is Tarmat Ltd falling/rising?

2026-01-14 00:36:53

Robust Quarterly Performance Drives Momentum

The sharp rise in Tarmat’s share price on 13-Jan can be primarily attributed to the company’s very positive quarterly results declared in September 2025. The firm reported a remarkable net profit growth of 256.1%, signalling a strong operational turnaround. This performance is further supported by a 45.60% increase in quarterly net sales, which reached ₹22.67 crores, underscoring expanding business activity and improving revenue streams.

Additionally, the company’s cash and cash equivalents stood at a record high of ₹12.75 crores for the half-year period, reflecting enhanced liquidity and financial stability. The debtors turnover ratio also improved to 13.86 times, indicating efficient receivables management and better cash ...

Read full news article

Tarmat Ltd is Rated Sell by MarketsMOJO

2026-01-06 10:10:43

Tarmat Ltd is rated 'Sell' by MarketsMOJO, a rating that was last updated on 17 Nov 2025. However, the analysis and financial metrics discussed here reflect the stock's current position as of 06 January 2026, providing investors with the latest insights into the company’s performance and outlook.

Read full news article

Tarmat Ltd is Rated Sell by MarketsMOJO

2025-12-25 15:12:53

Tarmat Ltd is rated 'Sell' by MarketsMOJO, with this rating last updated on 17 Nov 2025. However, the analysis and financial metrics presented here reflect the company’s current position as of 25 December 2025, providing investors with an up-to-date view of the stock’s fundamentals, returns, and technical outlook.

Read full news article

Tarmat's Evaluation Metrics Revised Amid Mixed Financial and Market Signals

2025-12-05 10:11:01

Tarmat, a microcap player in the construction sector, has recently undergone a revision in its evaluation metrics reflecting nuanced shifts across key analytical parameters. This development comes amid a backdrop of mixed financial performance and subdued market returns, prompting a reassessment of the company’s standing within its sector.

Read full news article

Is Tarmat overvalued or undervalued?

2025-11-19 08:07:48

As of 18 November 2025, Tarmat's valuation grade has moved from fair to attractive, indicating a more favorable outlook. The company is currently assessed as undervalued, particularly when considering its PE ratio of 41.77, a Price to Book Value of 0.80, and an EV to EBITDA of 35.81. These ratios suggest that while the stock is trading at a premium in terms of earnings, it remains attractive relative to its book value and operational cash flows. When compared to peers, Tarmat's valuation metrics stand out. For instance, Larsen & Toubro, also rated attractive, has a lower PE ratio of 34.3 and an EV to EBITDA of 18.1, highlighting that Tarmat may offer better growth potential at a lower relative cost. In contrast, CG Power & Ind is deemed very expensive with a PE of 108.1, further emphasizing Tarmat's relative value. Additionally, Tarmat's recent stock performance has lagged behind the Sensex, with a year-to...

Read full news article

Tarmat Reports Strong Growth Metrics Amid Challenges in Operating Cash Flow

2025-11-18 12:00:08

Tarmat, a microcap construction firm, reported strong financial results for the quarter ending September 2025, with significant growth in net sales and cash reserves. Despite challenges in operating cash flow, the company achieved its highest PBDIT and profit after tax, indicating effective management and potential for future recovery.

Read full news article

Tarmat Ltd Q2 FY26: Strong Profit Growth Masks Underlying Operational Challenges

2025-11-18 09:47:12

Tarmat Ltd., a Mumbai-based micro-cap construction company, reported a dramatic 111.59% quarter-on-quarter surge in net profit to ₹1.46 crores for Q2 FY26, driven largely by exceptional other income of ₹0.75 crores. However, the company's core operating performance reveals a more concerning picture, with revenue declining 9.10% sequentially to ₹22.67 crores despite posting a respectable 45.60% year-on-year growth. The stock, currently trading at ₹52.00 with a market capitalisation of ₹130.33 crores, has declined 1.42% following the results announcement, continuing a troubling downward trajectory that has seen it lose 31.24% over the past year.

Read full news article

Is Tarmat overvalued or undervalued?

2025-11-18 08:19:26

As of 17 November 2025, Tarmat's valuation grade has moved from expensive to fair, indicating a more favorable assessment of its market position. The company is currently fairly valued, with a PE ratio of 43.21, an EV to EBITDA of 37.05, and a PEG ratio of 0.47, suggesting that its growth prospects are relatively attractive compared to its current price. In comparison to peers, Tarmat's PE ratio is higher than that of Larsen & Toubro, which stands at 34.55, but significantly lower than CG Power & Ind, which is currently very expensive at a PE of 110.51. This positions Tarmat in a competitive light within the construction industry, especially considering its lower PEG ratio compared to peers like Siemens, which has a PEG of 1.63. Notably, Tarmat's recent stock performance has underperformed the Sensex over the past year, with a decline of 31.67% compared to the Sensex's gain of 9.50%, which may reinforce t...

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How has been the historical performance of Tarmat?

2025-11-17 22:51:46

Answer: The historical performance of Tarmat shows significant fluctuations in key financial metrics over the years. Breakdown: Tarmat's net sales have seen a decline from 276.35 Cr in Mar'20 to 101.28 Cr in Mar'25, with a notable drop in Mar'23 at 143.66 Cr and Mar'22 at 181.01 Cr. Total operating income followed a similar trend, decreasing from 276.35 Cr in Mar'20 to 101.28 Cr in Mar'25. The raw material cost increased from 39.08 Cr in Mar'25 compared to 31.40 Cr in Mar'24, while employee costs rose to 9.24 Cr in Mar'25 from 7.14 Cr in Mar'24. Operating profit (PBDIT) showed a slight recovery to 3.83 Cr in Mar'25 from 2.85 Cr in Mar'24, although it was significantly lower than the 12.02 Cr recorded in Mar'20. Profit before tax turned positive at 1.81 Cr in Mar'25 after a loss of 1.26 Cr in Mar'24, and profit after tax also improved to 1.87 Cr from a loss of 1.13 Cr. The company's total assets increased t...

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