Tarmat

Who are in the management team of Tarmat?

As of March 2022, Tarmat's management team includes Shivatosh Chakraborty (CFO), Regina Sinha (Chairperson), Amit Shah (Executive Director), and several independent directors. Amit Shah is the only member with reported remuneration, earning 30.0 lacs.

As of March 2022, the management team of Tarmat includes the following individuals:<BR><BR>1. Shivatosh Chakraborty - CFO & Company Secretary<BR>2. Regina Sinha - Chairperson<BR>3. Amit Shah - Executive Director<BR>4. Ramesh Chander Gupta - Independent Director<BR>5. Kishan Kumar Kinra - Independent Director<BR>6. Amit Kumar Goyal - Director<BR>7. Jayeshbhai M. Patel - Director<BR><BR>Amit Shah is the only member of the management team listed with remuneration, receiving 30.0 lacs.

What does Tarmat do?

Tarmat Ltd is a micro-cap construction company, originally incorporated in 1986, with recent quarterly net sales of 38 Cr and a net profit of 1 Cr as of March 2025. The company has a market cap of Rs 129 Cr and key financial metrics include a P/E ratio of 71.00 and a return on equity of 1.19%.

Overview:<BR>Tarmat Ltd operates in the construction industry and is classified as a micro-cap company.<BR><BR>History:<BR>Tarmat Ltd was originally incorporated in 1986 under the name Jerry Varghese Constructions Private Limited. The company underwent several name changes, becoming Tarmat Infrastructural & Engineering Private Limited in 1994, Roman Tarmat Private Limited in 2005, and finally Tarmat Limited in September 2012 after converting from a private to a public limited company. The latest quarterly results report net sales and profit for March 2025.<BR><BR>Financial Snapshot:<BR>- Net Sales: 38 Cr (Quarterly Results - Mar 2025)<BR>- Net Profit: 1 Cr (Quarterly Results - Mar 2025)<BR>- Market Cap: Rs 129 Cr (Micro Cap)<BR><BR>Key Metrics:<BR>- P/E: 71.00<BR>- Industry P/E: 40<BR>- Dividend Yield: 0.00%<BR>- Debt Equity: 0.00<BR>- Return on Equity: 1.19%<BR>- Price to Book: 0.84<BR><BR>Contact Details:<BR>- Address: Tank Road Off Gen Vaidya Marg, Garegaon (East) Mumbai Maharashtra : 400063<BR>- Tel: 91-022-28402130/1180<BR>- Email: ipo@romantarmat.com/tarmatcs@romant<BR>- Website: http://www.romantarmat.com

Has Tarmat declared dividend?

Tarmat Ltd has declared a 10% dividend, amounting to 1 per share, but the dividend yield is 0%. Total returns have been negative in shorter periods, with a significant recovery of 127.43% over the past five years.

Tarmat Ltd has declared a 10% dividend.<BR><BR>Dividend Details:<BR>- Percentage announced: 10%<BR>- Amount per share: 1 per share<BR>- Ex-date: 20 Sep 10<BR><BR>Dividend Yield: 0%<BR><BR>Total Returns by Period:<BR>In the 6-month period, the price return was -35.57%, the dividend return was 0%, resulting in a total return of -35.57%.<BR><BR>In the 1-year period, the price return was -31.77%, the dividend return was 0%, resulting in a total return of -31.77%.<BR><BR>In the 2-year period, the price return was -24.29%, the dividend return was 0%, resulting in a total return of -24.29%.<BR><BR>In the 3-year period, the price return was -3.5%, the dividend return was 0%, resulting in a total return of -3.5%.<BR><BR>In the 4-year period, the price return was -11.54%, the dividend return was 0%, resulting in a total return of -11.54%.<BR><BR>In the 5-year period, the price return was 127.43%, the dividend return was 0%, resulting in a total return of 127.43%.<BR><BR>Overall, Tarmat Ltd has declared a dividend, but the dividend yield is 0%, indicating that the dividend has not contributed to returns in recent periods. The total returns show significant volatility, with a notable recovery in the 5-year period despite negative returns in the shorter terms.

Who are the peers of the Tarmat?

Tarmat's peers include Larsen & Toubro, Rail Vikas, Altius Telecom, NBCC, IRB Infra.Devl., Gayatri Projects, Semac Consul, IL&FS Transport, and Sonu Infratech. In terms of management risk, growth, and capital structure, Tarmat ranks below average compared to its peers, with a 1-year return of -31.41%.

Peers: The peers of Tarmat are Larsen & Toubro, Rail Vikas, Altius Telecom, NBCC, IRB Infra.Devl., Gayatri Projects, Semac Consul, IL&FS Transport, and Sonu Infratech.<BR><BR>Quality Snapshot: Excellent management risk is observed at NBCC, while Good management risk is found at Larsen & Toubro and the rest. Average management risk is present at Rail Vikas, IRB Infra.Devl., Gayatri Projects, and Semac Consul. Below Average management risk is noted at Altius Telecom, Tarmat, and Sonu Infratech. For Growth, Excellent growth is seen at Altius Telecom and Sonu Infratech, while Good growth is found at NBCC, Average growth is present at Larsen & Toubro, Rail Vikas, IRB Infra.Devl., Gayatri Projects, and Semac Consul, and Below Average growth is noted at Tarmat. In terms of Capital Structure, Excellent capital structure is observed at NBCC, Good capital structure is found at Semac Consul, while Below Average capital structure is noted at Larsen & Toubro, Altius Telecom, IRB Infra.Devl., Tarmat, Gayatri Projects, and Sonu Infratech.<BR><BR>Return Snapshot: The peer with the highest 1-year return is NBCC at 24.05%, while the peer with the lowest is IRB Infra.Devl. at -29.96%. Tarmat's own 1-year return is -31.41%, which is lower than both of these peers. Additionally, the peers with negative six-month returns include Tarmat, IRB Infra.Devl., IL&FS Transport, and Semac Consul.

What is the technical trend for Tarmat?

As of May 21, 2025, Tarmat's technical trend is mildly bearish, indicated by bearish Bollinger Bands and mixed signals from MACD and moving averages, despite bullish On-Balance Volume suggesting accumulation.

As of 21 May 2025, the technical trend for Tarmat has changed from bearish to mildly bearish. The weekly MACD is mildly bullish, while the monthly MACD remains bearish, indicating mixed signals. The daily moving averages are mildly bearish, reinforcing the overall mildly bearish stance. The Bollinger Bands are bearish on both weekly and monthly time frames, which adds to the caution. The KST shows a mildly bullish trend weekly but is bearish monthly, and Dow Theory indicates a mildly bullish trend on the weekly but no trend on the monthly. The On-Balance Volume (OBV) is bullish for both weekly and monthly periods, suggesting accumulation. Overall, the current technical stance is mildly bearish, with key indicators being the bearish Bollinger Bands and the mixed signals from MACD and moving averages.

Who are the top shareholders of the Tarmat?

The top shareholders of Tarmat include promoter Jerry Varghese with 13.93%, public shareholder Faithful Vanijya Private Limited at 5.25%, and individual investors holding a total of 27.96%. There are no pledged promoter holdings or mutual funds invested in the company.

The top shareholders of Tarmat include Jerry Varghese, who is the promoter with the highest holding at 13.93%. The highest public shareholder is Faithful Vanijya Private Limited, holding 5.25%. Additionally, individual investors collectively hold 27.96% of the company. There are also 5 Foreign Institutional Investors (FIIs) that together hold 2.96% of Tarmat. Notably, there are no pledged promoter holdings and no mutual funds currently invested in the company.

How big is Tarmat?

As of 24th July, Tarmat Ltd has a market capitalization of 143.00 Cr, with recent net sales of 101.28 Cr and a net profit of 1.87 Cr. The balance sheet for March 2024 shows shareholder's funds of 129.64 Cr and total assets of 198.04 Cr.

As of 24th July, Tarmat Ltd has a market capitalization of 143.00 Cr, categorizing it as a Micro Cap company.<BR><BR>In the latest four quarters, Tarmat reported Net Sales of 101.28 Cr and a Net Profit of 1.87 Cr.<BR><BR>The latest annual period for the balance sheet is March 2024, showing Shareholder's Funds of 129.64 Cr and Total Assets of 198.04 Cr.

How has been the historical performance of Tarmat?

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.

Answer:<BR>The historical performance of Tarmat shows significant fluctuations in key financial metrics over the years.<BR><BR>Breakdown:<BR>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 to 235.86 Cr in Mar'25 from 198.04 Cr in Mar'24, while total liabilities also rose to 235.86 Cr from 198.04 Cr in the same period. Cash flow from operating activities remained negative at -9.00 Cr in Mar'25, but the net cash inflow was positive at 4.00 Cr, indicating some recovery in cash management. Overall, Tarmat's financial performance reflects a challenging environment with signs of recovery in recent periods.

Is Tarmat overvalued or undervalued?

As of December 3, 2025, Tarmat is considered overvalued with a PE ratio of 43.87 and significantly higher valuation metrics compared to peers, while also underperforming against the Sensex with a stock return of -30.42%.

As of 3 December 2025, Tarmat's valuation grade has moved from fair to expensive, indicating a shift in its perceived market value. The company is currently overvalued, with a PE ratio of 43.87, an EV to EBIT of 67.09, and an EV to EBITDA of 37.63. These ratios suggest that Tarmat is trading at a premium compared to its earnings and cash flow generation capabilities.<BR><BR>In comparison to its peers, Tarmat's valuation metrics are significantly higher; for instance, Larsen & Toubro has a PE ratio of 34.2 and an EV to EBITDA of 18.05, positioning it as attractive. Other competitors like Siemens are categorized as very expensive with a PE ratio of 66.17, but Tarmat's high ratios still raise concerns about its valuation sustainability. Notably, Tarmat has underperformed against the Sensex over the past year, with a stock return of -30.42% compared to the Sensex's 5.27%, reinforcing the notion that the stock may be overvalued in the current market context.

When is the next results date for Tarmat Ltd?

The next results date for Tarmat Ltd is February 5, 2026.

The next results date for Tarmat Ltd is scheduled for February 5, 2026.

Are Tarmat Ltd latest results good or bad?

Tarmat Ltd's latest results show mixed performance: while revenue increased by 20.47% quarter-on-quarter and operating margins improved, net profit fell by 22.60% from the previous quarter, raising concerns about profitability. Overall, the results indicate significant challenges, reflected in a low Mojo Score of 34 and a 'SELL' rating.

Tarmat Ltd's latest results present a mixed picture. On the positive side, the company reported a revenue increase of 20.47% quarter-on-quarter to ₹27.31 crores, along with a year-on-year growth of 4.48%. Additionally, the operating margin improved to 6.41%, marking the highest level in recent quarters, indicating better project execution or favorable contract terms.<BR><BR>However, the profitability metrics raise concerns. The net profit for the quarter was ₹1.13 crores, which reflects a significant decline of 22.60% compared to the previous quarter, despite a substantial year-on-year increase of 232.35%. This decline suggests that the previous quarter's results may have been inflated by exceptional items or one-time gains.<BR><BR>Overall, while there are some positive signs in revenue growth and operating margins, the sharp drop in net profit and the company’s low return on equity of 1.92% indicate underlying challenges. The current Mojo Score of 34 out of 100 and a 'SELL' rating further highlight the difficulties Tarmat faces in establishing long-term value for investors. Thus, the results can be seen as concerning, with significant challenges ahead.

Should I buy, sell or hold Tarmat Ltd?

Why is Tarmat Ltd falling/rising?

As of 08-Feb, Tarmat Ltd's stock price is at Rs 53.15, down 5.06%, reflecting significant volatility and underperformance against its sector. Despite recent positive quarterly results, the company's weak long-term fundamentals and high valuation metrics contribute to ongoing selling pressure.

As of 08-Feb, Tarmat Ltd's stock price is falling, currently at Rs 53.15, reflecting a decrease of Rs 2.83 or 5.06%. This decline is evident despite the stock having opened with a gain of 2.48% earlier in the day and reaching an intraday high of Rs 57.37. However, it subsequently dropped to its current low, indicating significant volatility within the trading session.<BR><BR>The stock's performance today has underperformed its sector by 4.98%, and the weighted average price suggests that more volume was traded closer to the low price, indicating selling pressure. Additionally, while there has been a rise in investor participation, with delivery volume increasing by 159.54% against the 5-day average, the overall sentiment appears negative as the stock has underperformed the market significantly over the past year, with a return of -23.94% compared to the Sensex's gain of 7.07%.<BR><BR>Furthermore, despite the company declaring positive results for the last four consecutive quarters, including a higher profit after tax and cash reserves, the long-term fundamentals remain weak. The company has experienced a -22.16% CAGR growth in operating profits over the last five years, and its ability to service debt is concerning, as indicated by a poor EBIT to Interest ratio of 1.87. This weak financial position, combined with the stock's expensive valuation metrics, contributes to the downward pressure on its price.

Which are the latest news on Tarmat?