Tarmat
- Market cap
- ₹ 126 Cr.
- P/E
- 18.2x
- P/B
- 0.71x
- 52-week range
- 46.26 – 73.9
- ROE
- 3%
- ROCE
- 4%
- Dividend yield
- 0%
- Debt / equity
- 0.08
- Sector
- Construction
- Industry
- Civil Construction
- Listed on
- NSE, BSE
About
Tarmat Limited is an India-based infrastructure company, which is engaged in the business of construction of highways and runways. The Company operates through the Construction segment. The Company provides services, such as airport runways, highways, infrastructure, railways and real estate. The Company caters to the domestic and international airports, military air-base and naval airports. Its airport runways include Maharajpur Military Engineering Services, Bangalore International Airport Limited and others. Its highway projects include Rajasthan, National Highway, Gujarat National Highway, State Highway, Yargatti & Athani & Kagal, State Highway, and others. It offers infrastructure services, such as for the ports, industrial area developments, and refineries. Its railway projects include World Bank Fund Construction of Roadbed, Major & Minor bridges, Track Linking, Outdoor Signaling and Electrical works and station Buildings.
Quick check
The five things to look at first. Open one for more.
Compared with its industry
Civil Construction: 182 companies →Tarmat against the typical company in its industry. The rank is out of the companies that report each figure; green means the better quarter of the pack, red the worse quarter.
- Valuation (P/E)18.2 against a typical 14.4: pricier than most peers (1st = cheapest).108th of 181
- Sales growth+43.6% against a typical +8.6% from a year earlier.35th of 147
- Profit growth+121.7% against a typical 0% from a year earlier.19th of 130
- Share price, 3 months+5.4% against a typical −13.2%.30th of 164
- Size₹ 126.4 Cr. market value against a typical ₹ 148 Cr. (1st = largest).85th of 156
Credit ratings
Every rating action on file, newest first, including reaffirmations. Open a row for the agency's reasoning. All credit rating updates
| Agency | Current rating | Outlook | As of |
|---|---|---|---|
| Brickwork | Withdrawn | - | 26 Mar 2026 |
Every agency has withdrawn its rating.
| Rating | Details | |||||
|---|---|---|---|---|---|---|
| 26 Mar 2026 | Withdrawn | — | — | Brickwork | ₹ 52.19 Cr. | |
| 13 Aug 2025 | Reaffirmed | BWR BB +/ BWR A4 + | — | Brickwork | ₹ 52.19 Cr. |
Board meetings
Results dates and other board meetings. Full calendar
| Details | ||
|---|---|---|
| 14 Aug 2026 | Financial Results | To consider and approve the financial results for the period ended Jun 30, 2026 |
| 30 May 2026 | Financial Results | To consider and approve the financial results for the period ended March 31, 2026 |
| 5 Feb 2026 | Financial Results | To consider and approve the financial results for the period ended December 31, 2025 |
| 14 Nov 2025 | Financial Results | To consider and approve the financial results for the period ended September 30, 2025 |
| 14 Aug 2025 | Financial Results | To consider and approve the financial results for the period ended Jun 30, 2025 |
| 30 May 2025 | Financial Results | To consider and approve the financial results for the period ended March 31, 2025 |
Financials
Consolidated figures in ₹ crore.
| ₹ Cr. | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 25 | 23 | 21 | 22 | 16 | 26 | 38 | 25 | 23 | 27 | 42 | 36 |
| Expenses | 24 | 22 | 20 | 21 | 15 | 26 | 37 | 24 | 22 | 26 | 40 | 33 |
| Operating Profit | 1 | 0 | 0 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 3 | 2 |
| OPM % | 2.7% | 1.7% | 1% | 4.3% | 3.6% | 2.2% | 1.9% | 4.5% | 5% | 6.4% | 6.8% | 6.9% |
| Other Income | 0 | 0 | −2 | 0 | 0 | 0 | 1 | 0 | 1 | 0 | 0 | 0 |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 0 | 0 | 0 | 0 | 0 |
| Profit before tax | 0 | 0 | −2 | 1 | 0 | 0 | 1 | 1 | 1 | 1 | 3 | 2 |
| Tax % | −12% | −33.3% | −1.3% | −5.8% | −7.9% | −17.2% | 8.1% | −9.4% | −5.8% | −6.7% | −11.3% | 19.5% |
| Net Profit | 0 | 0 | −2 | 1 | 0 | 0 | 1 | 1 | 1 | 1 | 3 | 2 |
| EPS in Rs | 0.13 | 0.06 | −1.1 | 0.26 | 0.17 | 0.14 | 0.24 | 0.29 | 0.61 | 0.45 | 1.18 | 0.61 |
Growth and returns
Compounded yearly rates over each period.
- 10 Years
- 3%
- 5 Years
- −10%
- 3 Years
- −7%
- TTM
- 23%
- 10 Years
- 24%
- 5 Years
- 4%
- 3 Years
- 8%
- TTM
- 252%
- 10 Years
- 1%
- 5 Years
- −6%
- 3 Years
- −5%
- TTM
- —
- 10 Years
- 1%
- 5 Years
- 3%
- 3 Years
- 2%
- TTM
- —
P/E and EPS over time
Daily P/E and trailing 12-month EPS. EPS updates with each result.
Peers
Listed companies in the same business.
| Tarmat | ₹ 55.60 | ₹ 126 Cr. | 18.2x | 0.7x | 3% | — |
| DLF | ₹ 653.55 | ₹ 1,61,774 Cr. | 39x | 3.6x | 10% | 32% |
| Lodha Developers | ₹ 963.00 | ₹ 1,01,441 Cr. | 33.7x | 5.1x | 15.8% | 20.6% |
| Indus Towers | ₹ 380.00 | ₹ 1,00,250 Cr. | 14.9x | 2.7x | 19.8% | 22% |
| Oberoi Realty | ₹ 1,587.20 | ₹ 57,846 Cr. | 27.3x | 3.8x | — | 41.6% |
| Godrej Properties | ₹ 1,497.90 | ₹ 45,121 Cr. | 166x | 3.3x | 10.2% | 35.9% |
Management
- Shivatosh Chakraborty
- Company Secretary and Chief Financial Officer, Compliance Officer
- Dilip Varghese
- Managing Director, Executive Director
- Amit Atmaram Shah
- Executive Director
Prices are delayed and for information only. Nothing on this page is investment advice.