Tarmat Ltd Stock Price Today (NSE: TARMAT)
Fundamental Score
Tarmat Ltd Share Price Live NSE/BSE & Institutional Fundamental Analysis
Tarmat Ltd share price today is ₹52.73, up +0.00% on NSE/BSE as of 19 February 2026. Tarmat Ltd (TARMAT) is a Small-cap company in the Civil Construction sector with a market capitalisation of ₹133.86 (Cr). The 52-week high for TARMAT share price is ₹N/A and the 52-week low is ₹N/A. At a P/E ratio of 43.75x, TARMAT is currently trading above its industry average P/E of 18.93x. The company has a Return on Equity (ROE) of 0.92% and a debt-to-equity ratio of 0.06.
Tarmat Ltd Share Price Chart — NSE/BSE Historical Performance
Returns & Performance
ROE
ROCE
OPM (5Y)
Div Yield
Tarmat Ltd Valuation Check
P/E Ratio
Industry P/E
Market Cap
Growth Engine
Profit Growth (Q)
Sales Growth (Q)
Sales Growth (5Y)
EPS Growth (5Y)
Profit Growth (5Y)
Balance Sheet Health
Debt to Equity
Int. Coverage
Free Cash Flow (5Y)
Shareholding
Promoter
FII
DII
Pledged
Institutional Deep-Dive
Bull Run Research Hub
Tarmat Share Price Analysis: A ROCE Efficiency Perspective
The civil construction industry, while often booming alongside infrastructure development, faces a critical challenge: efficient capital allocation. In this context, analyzing the return on capital employed (ROCE) becomes paramount. This analysis focuses on the current valuation of Tarmat share price, observed trading at ₹53.56999969482422, and its associated financial metrics. With a price-to-earnings (PE) ratio of 43.75, the market seemingly holds optimistic expectations for future earnings growth. However, the crucial metric in question is the company's ROCE, currently reported at a mere 1.55%.
A ROCE of 1.55% suggests that Tarmat Ltd is struggling to generate significant profits from its capital investments. This presents a substantial concern, especially when compared to peers within the infrastructure sector. A low ROCE directly impacts the company's competitive advantage, or "moat." A company with a strong moat efficiently reinvests capital, consistently generating superior returns. At this ROCE level, Tarmat Ltd's ability to reinvest earnings and maintain its market position is potentially compromised.
To gain a deeper understanding, benchmarking against sector peers is essential. Consider
MBL Infrastructure Ltd. While quantitative comparisons (such as MBL Infrastructure Ltd's financial ratios) are vital, qualitative factors, such as perceived management quality and strategic vision, also play a pivotal role in determining long-term success. The market perception of management's ability to efficiently allocate resources and execute projects can significantly influence the difference in valuation and investor confidence between these companies. Are operational inefficiencies contributing to the low ROCE, or are there specific project-related challenges? These are questions that need further investigation.Other peers like Modern Engineering and Projects Limited and Dugar Housing Developments Ltd also provide relevant comparative context. However, the 1.55% ROCE raises questions about Tarmat Ltd's operational efficiency and capital allocation strategies. Understanding the factors contributing to this low return is vital for a comprehensive assessment of the company's future prospects. This analysis, part of a larger 80-parameter fundamental audit verified by Sweta Mishra, is purely observational and does not constitute investment advice.
Labels (e.g., "Excellent", "Good") are peer-based vs industry/sector averages — data-only, not advice
Tarmat Ltd Fundamental Analysis & Valuation Benchmarking
Educational evaluation of TARMAT across key market metrics for learning purposes.
Positive Indicators
4 factors identified
Robust Profit Growth (256.10%)
Observation: Strong year-over-year profit expansion demonstrates business momentum.
Analysis: Profit growth >20% indicates effective execution and market opportunity capture.
Strong Revenue Growth (45.60%)
Observation: Healthy sales growth indicates market demand and execution capability.
Analysis: Revenue growth >15% suggests strong market position and growth potential.
Conservative Debt Levels (D/E: 0.06)
Observation: Low leverage provides financial flexibility and reduced risk.
Analysis: Conservative debt structure offers resilience during economic downturns.
Zero Share Pledging Risk
Observation: No promoter shares pledged as collateral.
Analysis: Absence of share pledging eliminates potential forced-selling pressure.
Risk Factors
10 factors identified
Below-Average Return on Equity (0.92%)
Observation: Returns on equity are below industry benchmarks.
Analysis: ROE <10% may indicate inefficient capital utilization. Consider monitoring for operational improvements and management effectiveness.
Suboptimal ROCE (1.55%)
Observation: Returns on capital employed are below expectations.
Analysis: ROCE <10% suggests potential inefficiencies in capital allocation.
Margin Pressure Concerns (3.10%)
Observation: Operating margins are below industry standards.
Analysis: OPM <5% may indicate pricing pressures or cost management challenges.
Premium Valuation Risk (P/E: 43.75x)
Observation: High valuation multiples may limit upside potential.
Analysis: Elevated P/E ratios require strong growth execution to justify current valuations.
Limited Growth History (-18.18% CAGR)
Observation: Below-average 5-year sales growth trajectory.
Analysis: Low sales CAGR may indicate mature markets or limited growth opportunities.
Weak Earnings Growth (-35.36% CAGR)
Observation: Below-average 5-year EPS growth performance.
Analysis: Low EPS growth may not keep pace with inflation.
Stagnant Profit Growth (-27.25% CAGR)
Observation: Limited 5-year profit growth trajectory.
Analysis: Low profit growth may indicate scalability challenges or market maturity.
Low Promoter Commitment (28.64%)
Observation: Reduced promoter stake may indicate limited confidence.
Analysis: Low promoter holding may raise questions about management commitment.
Limited Institutional Interest (FII+DII: 1.80%)
Observation: Low institutional participation may affect liquidity.
Analysis: Limited institutional interest may indicate size constraints or visibility issues.
No Dividend Distribution
Observation: Company does not currently pay dividends to shareholders.
Analysis: Zero dividend yield may indicate growth reinvestment focus or cash flow constraints.
Tarmat Ltd Financial Statements
Comprehensive financial data for Tarmat Ltd including income statement, balance sheet and cash flow
About TARMAT (Tarmat Ltd)
Tarmat Ltd (TARMAT) is listed on the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) of India. The company operates in the Civil Construction sector with a current market capitalisation of ₹133.86 (Cr). Tarmat Ltd has delivered a Return on Equity (ROE) of 0.92% and a ROCE of 1.55%. The debt-to-equity ratio stands at 0.06, reflecting the company's capital structure. Investors tracking TARMAT share price can monitor key metrics including P/E ratio, promoter holding of 28.64%, and quarterly earnings growth.
Company Details
Key Leadership
Corporate Events
TARMAT Share Price: Frequently Asked Questions
What is the current share price of Tarmat Ltd (TARMAT)?
As of 19 Feb 2026, 10:23 am IST, Tarmat Ltd share price is ₹52.73. The TARMAT stock has a market capitalisation of ₹133.86 (Cr) on NSE/BSE.
Is TARMAT share price Overvalued or Undervalued?
TARMAT share price is currently trading at a P/E ratio of 43.75x, compared to the industry average of 18.93x. Based on this relative valuation, the Tarmat Ltd stock appears to be Overvalued against its sector peers.
What is the 52-week high and low of TARMAT share price?
The 52-week high of TARMAT share price is ₹N/A and the 52-week low is ₹N/A.
What factors affect the Tarmat Ltd share price?
Key factors influencing TARMAT share price include quarterly earnings growth (Sales Growth: 45.60%), raw material costs, government infrastructure spending, and institutional flows (FII/DII holding).
Is Tarmat Ltd a good stock for long-term investment?
Tarmat Ltd shows a 5-year Profit Growth of -27.25% and an ROE of 0.92%. Long-term investors should consider these fundamentals alongside the debt-to-equity ratio of 0.06 before investing in TARMAT shares.
How does Tarmat Ltd compare with its industry peers?
Tarmat Ltd competes with major peers in the Civil Construction. Investors should compare TARMAT share price P/E of 43.75x and ROE of 0.92% against the industry averages to determine competitive standing.
What is the P/E ratio of TARMAT and what does it mean?
TARMAT share price has a P/E ratio of 43.75x compared to the industry average of 18.93x. Investors pay ₹44 for every ₹1 of annual earnings.
How is TARMAT performing according to Bull Run's analysis?
TARMAT has a Bull Run fundamental score of 22.8/100, indicating concerns requiring careful analysis. This comprehensive rating is based on 15+ financial parameters.
What sector and industry does TARMAT belong to?
TARMAT operates in the Civil Construction industry. This classification helps understand the competitive landscape and sector-specific trends affecting Tarmat Ltd share price.
What is Return on Equity (ROE) and why is it important for TARMAT?
TARMAT has an ROE of 0.92%, which suggests challenges in generating returns from shareholders equity. ROE measures how efficiently Tarmat Ltd generates profits from shareholders capital.
How is TARMAT debt-to-equity ratio and what does it indicate?
TARMAT has a debt-to-equity ratio of 0.06, which indicates conservative financing with low financial risk.
What is TARMAT dividend yield and is it a good dividend stock?
TARMAT offers a dividend yield of 0.00%, meaning you receive ₹0.00 annual dividend for every ₹100 invested in Tarmat Ltd shares.
How has TARMAT share price grown over the past 5 years?
TARMAT has achieved 5-year growth rates of: Sales Growth -18.18%, Profit Growth -27.25%, and EPS Growth -35.36%.
What is the promoter holding in TARMAT and why does it matter?
Promoters hold 28.64% of TARMAT shares, with 0.00% pledged. High promoter holding often indicates strong management confidence in Tarmat Ltd.
What is TARMAT market capitalisation category?
TARMAT has a market capitalisation of ₹134 crores, placing it in the Small-cap category.
How volatile is TARMAT stock?
TARMAT has a beta of N/A. A beta > 1 suggests the Tarmat Ltd stock is more volatile than the market, while a beta < 1 suggests it is less volatile.
What is TARMAT operating profit margin trend?
TARMAT has a 5-year average Operating Profit Margin (OPM) of 3.10%, indicating the company's operational efficiency.
How is TARMAT quarterly performance?
Recent quarterly performance shows Tarmat Ltd YoY Sales Growth of 45.60% and YoY Profit Growth of 256.10%.
What is the institutional holding pattern in TARMAT?
TARMAT has FII holding of 1.80% and DII holding of 0.00%. Significant institutional holding often suggests professional confidence in the Tarmat Ltd stock.