Tarmat Ltd Stock Price Today (NSE: TARMAT)

Tarmat Ltd

51.99+0.22 (+0.43%)
Market Closed

Fundamental Score

...

Tarmat Ltd Share Price — Live NSE/BSE Price, Fundamentals & Analysis

Tarmat Ltd share price today is 51.99, up +0.43% on NSE/BSE as of 8 June 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 73.90 and the 52-week low is 46.26. 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

No data
High
54.80
Low
50.00
Volume
9.4K
Change
-3.22%

Tarmat Ltd share price chart: -3.22% return over the past month. 52-week high ₹73.90, 52-week low ₹46.26.

Tarmat Ltd — Last 10 Trading Days

DateOpenHighLowCloseVolume
52.3952.3951.0251.952.37K (Cr)
53.4553.4551.7752.405.57K (Cr)
53.0053.0050.6251.769.02K (Cr)
52.0552.4751.1052.005.13K (Cr)
52.3552.9051.0751.793.19K (Cr)
50.0053.6550.0052.099.31K (Cr)
53.5053.5052.2552.564.08K (Cr)
51.2052.9550.0152.649.99K (Cr)
52.3052.3051.0051.202.15K (Cr)
52.0052.5050.4051.146.79K (Cr)

Tarmat Ltd — Last 12 Months Price History

MonthOpenHighLowCloseChange
53.4553.4551.0251.95-2.81%
52.1053.7750.0051.76-0.65%
50.4856.9050.4852.81+4.62%
67.0073.7048.4150.48-24.66%
52.3073.9051.0271.14+36.02%
50.8154.9446.2653.30+4.90%
53.5456.5850.6150.80-5.12%
52.6054.3949.7252.89+0.55%
51.1058.8549.9051.55+0.88%
50.1855.7647.7250.81+1.26%
55.5059.7049.2350.16-9.62%
55.1464.9051.6054.85-0.53%

AI Research Briefing

Powered by Gemini · 2026-04-08

Overvalued micro-cap civil construction company with negative 5-year growth and significant execution risks.

Research Confidence
7.0/10High
MICRO-CAP DARK HORSEConsolidation (1M: 3.82%, 3M: 4.33%, 6M: -3.5%) [cite: brief]Expensive (P/E: 43.75x vs Industry P/E: 18.93x) [cite: brief]

WHAT'S HAPPENING NOW

Tarmat Ltd's trading window closed on March 25, 2026, ahead of the Q4 FY26 results, a routine measure to prevent insider trading. MarketsMOJO downgraded Tarmat to 'Sell' amidst mixed financials and technical signals on March 31, 2026.

CORE STORY

Micro-cap civil construction play, heavily reliant on government spending and infrastructure projects. Market perception is shifting negatively due to rising material costs and mixed financial signals.

Why Now
  • Trading window closed ahead of Q4 FY26 results
  • Downgraded to 'Sell' by MarketsMOJO
  • Rising material costs impacting construction sector
Potential Catalysts
  • Significant order wins
  • Sharp reduction in raw material prices
  • Improved execution and working capital management
Key Risks
  • Micro/SME cap liquidity risk
  • Negative 5-year Sales, Profit, and EPS CAGR [cite: brief]
  • High P/E ratio compared to industry [cite: brief]
Institutional Activity

Promoter holding decreased by 1.19%, FII holding decreased by 1.14% [cite: brief]

Macro Context

Rising material costs due to geopolitical instability pose a headwind

Cash Flow Quality

Profit not consistently converting to cash; Free Cash Flow 5Y: ₹7.33 Cr [cite: brief]

3–6 Month Outlook

Near-term profitability depends on efficient execution and stable raw material prices. Long-term growth is uncertain given negative historical growth rates.

Primary Thesis Risk

Rising raw material costs and poor execution can wipe out profitability.

For educational purposes only. Not investment advice. Consult a SEBI-registered advisor before investing.

Returns & Performance

Poor

Return on Equity (ROE)

0.92%

Profit generated per ₹1 of shareholder equity

Poor

Return on Capital (ROCE)

1.55%

Returns generated on total capital deployed

Poor

Oper. Profit Margin (5Y Avg)

3.10%

Average operating profit margin over 5 years

Dividend Yield

0.00%

Annual dividend as % of current share price

Tarmat Ltd Valuation Check

Poor

Price to Earnings (P/E)

43.75x

Share price ÷ earnings per share. Lower = cheaper

Poor

Industry Avg P/E

18.93x

Average P/E of all peers in this sector

Market-cap Classification
Small-cap
Higher growth potential with higher volatility.

Shareholding Pattern

Excellent

Promoter Holding

28.64%

% shares held by company founders/management

Poor

FII Holding

1.80%

% shares held by foreign institutional investors

Poor

DII Holding

0.00%

% held by domestic mutual funds, LIC, banks

Excellent

Promoter Pledged %

0.00%

% of promoter shares pledged as collateral — lower is safer

Growth Engine

Excellent

Profit Growth (Quarterly YoY)

256.10%

Net profit growth vs same quarter last year

Excellent

Revenue Growth (Quarterly YoY)

45.60%

Revenue growth vs same quarter last year

Poor

Revenue Growth (5-Year CAGR)

-18.18%

Compounded annual revenue growth over 5 years

Poor

EPS Growth (5-Year CAGR)

-35.36%

Earnings per share growth over 5 years

Poor

Net Profit Growth (5-Year CAGR)

-27.25%

Compounded annual net profit growth over 5 years

Balance Sheet Health

Excellent

Debt to Equity Ratio

0.06x

Total debt ÷ equity. Below 0.5 = financially healthy

Excellent

Interest Coverage Ratio

4.29x

EBIT ÷ interest expense. Above 2.5 = can pay interest comfortably

Free Cash Flow (5-Year Total)

7.33 (Cr)

Cash left after capex over 5 years. Positive = self-funded growth

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 vs Civil Construction Peers

Peer Comparison - Civil Construction

Compare Tarmat Ltd with 10 other companies in the same sector

11 companies
Company Info
Fundamental
Valuation
Profitability
Financial Health
Growth
Dividend
Company
Company name
Score
Bull Run comprehensive fundamental score based on 20+ metrics
Price
Current trading price of the stock
Market Cap
Total value of all shares in the market
P/E
Price per share divided by earnings per share
ROE
Net income divided by shareholder equity
ROCE
Earnings before interest and tax divided by capital employed
Debt/Eq
Total debt divided by total equity
Profit 5Y
Average annual profit growth over 5 years
Sales 5Y
Average annual sales growth over 5 years
Dividend
Annual dividend per share divided by price per share
22.8/100
52
₹133.86
43.8
Average
0.92%
Poor
1.55%
Poor
0.1
Excellent
-27.25%
Poor
-18.18%
Poor
0.00%
35.9/100
4048
₹560453.09
34.9
Average
16.55%
Good
14.49%
Average
1.3
Average
9.73%
Good
11.95%
Good
0.83%
34.9/100
252
₹67085.37
59.1
Average
14.01%
Average
14.72%
Average
0.5
Good
11.11%
Good
6.52%
Good
0.53%
60.3/100
99
₹31859.97
47.7
Average
25.54%
Excellent
33.17%
Excellent
0.0
Excellent
51.02%
Excellent
8.28%
Good
0.57%
24.4/100
22
₹26046.27
29.8
Average
5.91%
Poor
7.82%
Poor
1.0
Average
7.82%
Good
2.13%
Average
0.70%
29.9/100
1274
₹20171.65
24.6
Average
9.96%
Poor
15.95%
Good
0.7
Good
8.45%
Good
11.98%
Good
0.76%
48.5/100
503
₹18483.64
27.1
Average
12.02%
Average
17.98%
Good
0.9
Good
0.06%
Average
12.80%
Good
0.79%
14.1/100
318
₹15033.09
29.9
Average
11.06%
Average
19.59%
Good
0.7
Good
14.18%
Good
4.78%
Average
0.61%
30.2/100
140
₹14995.61
25.0
Average
11.33%
Average
11.60%
Average
0.8
Good
8.27%
Good
14.82%
Good
1.66%
60.7/100
993
₹14797.54
33.2
Average
21.78%
Excellent
27.64%
Excellent
0.5
Excellent
37.51%
Excellent
26.03%
Excellent
0.23%
66.3/100
1073
₹13872.92
31.1
Average
12.81%
Average
16.54%
Good
0.0
Excellent
18.85%
Excellent
21.09%
Excellent
0.75%

Tarmat Ltd PE Ratio History

Historical price-to-earnings ratio for TARMAT — last 5 years

YearEPS (₹)Price (₹)P/E Ratio
FY 20232.37₹93.1539.3x
FY 20222.15₹55.3525.7x
FY 20213.86₹71.9518.6x

P/E = year-end price ÷ diluted EPS from annual filings. Source: NSE/BSE via Bull Run.

Tarmat Ltd Quarterly Performance

Latest quarterly metrics for TARMAT — revenue growth and profit growth vs same quarter last year

Revenue Growth (YoY)

45.60%

Latest quarter vs same quarter previous year

Net Profit Growth (YoY)

256.10%

Latest quarter net profit vs same quarter previous year

5-Year Revenue CAGR

-18.18%

Compounded annual revenue growth over 5 years

5-Year Profit CAGR

-27.25%

Compounded annual net profit growth over 5 years

Tarmat Ltd Technical Indicators

SMA 50, SMA 200, RSI and volume signals for TARMAT — calculated from daily price history

40RSI 14
Neutral — RSI 40

Momentum is balanced — neither overbought nor oversold.

SMA 50
53
▼ Price below SMA 50 — Short-term bearish
SMA 200
53
▼ Price below SMA 200 — Long-term downtrend
30-Day Avg Volume
10K shares/day
Average daily traded volume over last 30 trading sessions

Technical indicators are for educational purposes only. Not investment advice.

Tarmat Ltd Financial Statements

Annual income statement, balance sheet and cash flow for Tarmat Ltd (TARMAT) — sourced from NSE/BSE filings.

Loading Financial Statements...

Fetching financial data for Tarmat Ltd

About TARMAT (Tarmat Ltd)

Tarmat Ltd is a formidable presence in the civil construction sector, recognized for its expertise in crafting robust and enduring infrastructure solutions. Specializing in technic...ally demanding projects, Tarmat builds critical transport arteries and vital infrastructure components across the nation. From sprawling national highways that connect distant regions to meticulously engineered airfield pavements capable of withstanding extreme aircraft loads, the company consistently delivers high-quality results. Tarmat's commitment to innovation and precision has established its reputation as a trusted partner in nation-building, tackling complex construction challenges with skill and determination. The company's projects stand as testaments to its unwavering dedication to excellence, shaping the landscape of India's transportation networks and strategic infrastructure. Beyond highways and airfields, Tarmat Ltd expands its construction activities to other key areas, contributing to a diversified portfolio of infrastructure development. They construct specialized facilities such as railway infrastructure and large-scale industrial zones, bolstering the nation's logistics and manufacturing capabilities. Furthermore, Tarmat also actively participates in the development of crucial port infrastructure, enabling smoother trade and economic growth. Their versatility extends to real estate projects, where they leverage their construction expertise to create modern and sustainable living spaces. This broad range of project involvement reflects Tarmat's adaptability and commitment to serving various facets of India's evolving infrastructural needs, contributing to sustainable and comprehensive growth. Tarmat Ltd distinguishes itself by providing comprehensive engineering, procurement, and construction (EPC) services, ensuring seamless project execution from inception to completion. This integrated approach enables Tarmat to maintain strict control over quality, timelines, and budget, delivering efficient and cost-effective solutions for its clients. The company's dedicated team of engineers, project managers, and skilled workers bring extensive experience and technical expertise to every project. Leveraging state-of-the-art equipment and innovative construction techniques, Tarmat guarantees projects are completed to the highest standards. Their unwavering focus on customer satisfaction and commitment to sustainable practices solidifies Tarmat's position as a leading player in the dynamic civil construction industry.

Company Details

Symbol:TARMAT
Industry:Civil Construction
Sector:Civil Construction

Key Leadership

Mr. Dilip Jerry Varghese
MD & Director
Mr. Shivatosh Nareswar Chakraborty
CFO, Compliance Officer & Company Secretary
Mr. Amit Atmaram Shah
Executive Director

Corporate Events

Recent
Ex-Dividend Date

TARMAT Share Price: Frequently Asked Questions

What is the current share price of Tarmat Ltd?

Tarmat Ltd (TARMAT) trades at ₹51.99 on NSE and BSE. Market cap ₹133.86 (Cr). Educational data only.

What is the P/E ratio of Tarmat Ltd?

Tarmat Ltd has a P/E of 43.75x vs industry average 18.93x.

What is the Bull Run score for Tarmat Ltd?

Tarmat Ltd has a Bull Run score of 22.8/100 based on 25+ financial parameters.

Does Tarmat Ltd pay dividends?

Tarmat Ltd has a dividend yield of 0.00%. Past dividends don't guarantee future payments.

What is the ROE of Tarmat Ltd?

Tarmat Ltd has ROE of 0.92%. Higher ROE indicates better use of shareholder equity.

What is the debt-to-equity ratio of Tarmat Ltd?

Tarmat Ltd has debt-to-equity of 0.06.

Is Tarmat Ltd a good investment?

Bull Run gives Tarmat Ltd a score of 22.8/100. This is not investment advice — consult a SEBI-registered advisor.