About
Tarmat Limited engages in the construction of airfield and national/state highways in India. The company undertakes various construction works, including airport runways, highways, and railways; and develops infrastructure projects, such as ports, industrial area developments, refineries, etc., as well as parking bays and taxi track related work. It also develops real estate properties; and provides engineering, procurement, and construction services for infrastructure projects. The company was formerly known as Roman Tarmat Limited and changed its name to Tarmat Limited in September 2012. Tarmat Limited was incorporated in 1986 and is based in Mumbai, India.
Key Metrics
as of Sep 2026Market Cap154 Cr
P/E21.80
Div Yield0.00 %
Book Value₹74.50
52w High₹74.00
52w Low₹46.30
Face Value₹10.00
Quarterly Results
Rs. Crores · hover row for definition| Metric | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 | Jun 2024 | Mar 2024 | Dec 2023 | Sep 2023 | Jun 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 29.59 | 42.46 | 27.31 | 22.67 | 24.94 | 37.79 | 26.14 | 15.57 | 21.78 | 20.68 | 22.70 | 24.70 | 21.27 |
| Expenses | 28.33 | 39.26 | 25.57 | 21.54 | 23.82 | 37.06 | 25.57 | 15.01 | 20.85 | 20.48 | 22.32 | 24.04 | 20.11 |
| Operating Profit | 1.26 | 3.20 | 1.74 | 1.13 | 1.12 | 0.73 | 0.57 | 0.56 | 0.93 | 0.20 | 0.38 | 0.66 | 1.16 |
| OPM % | 4.26 | 7.54 | 6.37 | 4.98 | 4.49 | 1.93 | 2.18 | 3.60 | 4.27 | 0.97 | 1.67 | 2.67 | 5.45 |
| Other Income | 0.06 | 0.39 | 0.04 | 0.75 | 0.06 | 0.78 | 0.23 | 0.04 | 0.00 | -2.20 | 0.00 | 0.02 | 0.01 |
| Depreciation | 0.30 | 0.36 | 0.32 | 0.29 | 0.29 | 0.57 | 0.40 | 0.18 | 0.18 | 0.21 | 0.21 | 0.21 | 0.21 |
| Interest | 0.31 | 0.26 | 0.41 | 0.21 | 0.25 | 0.32 | 0.11 | 0.04 | 0.23 | 0.16 | 0.08 | 0.22 | 0.19 |
| Profit before tax | 0.71 | 2.97 | 1.05 | 1.38 | 0.64 | 0.62 | 0.29 | 0.38 | 0.52 | -2.37 | 0.09 | 0.25 | 0.77 |
| Tax % | 21.13 | -10.10 | -6.67 | -5.80 | -9.38 | 8.06 | -17.24 | -7.89 | -5.77 | -1.27 | -33.33 | -12.00 | -3.90 |
| Net Profit | 0.56 | 3.27 | 1.13 | 1.46 | 0.69 | 0.57 | 0.34 | 0.41 | 0.55 | -2.34 | 0.12 | 0.28 | 0.80 |
| EPS in Rs | 0.22 | 1.30 | 0.45 | 0.61 | 0.29 | 0.24 | 0.14 | 0.17 | 0.26 | -1.10 | 0.06 | 0.13 | 0.38 |
Profit & Loss
Annual · Rs. Crores| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 117.00 | 101.00 | 89.00 | 144.00 | 162.00 | 171.00 | 233.00 | 95.00 | 61.00 | 59.00 | 51.00 | 64.00 |
| Expenses | 110.00 | 98.00 | 87.00 | 142.00 | 155.00 | 163.00 | 222.00 | 114.00 | 77.00 | 58.00 | 51.00 | 67.00 |
| Operating Profit | 7.00 | 3.00 | 2.00 | 2.00 | 7.00 | 7.00 | 11.00 | -19.00 | -17.00 | 1.00 | 0.00 | -4.00 |
| OPM % | 6.00 | 3.20 | 2.80 | 1.50 | 4.30 | 4.20 | 4.70 | -20.00 | -27.00 | 1.30 | -0.20 | -6.00 |
| Other Income | 1.00 | 1.00 | -2.00 | 7.00 | 1.00 | 1.00 | 1.00 | 22.00 | 19.00 | 1.00 | 1.00 | 1.00 |
| Interest | 1.00 | 1.00 | 1.00 | 1.00 | 2.00 | 3.00 | 2.00 | 1.00 | 1.00 | 0.00 | 5.00 | 16.00 |
| Depreciation | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 2.00 | 4.00 |
| Profit before tax | 6.00 | 2.00 | -1.00 | 7.00 | 5.00 | 4.00 | 9.00 | 1.00 | 0.00 | 0.00 | -6.00 | -21.00 |
| Tax % | -8.00 | -3.00 | -10.00 | -2.00 | 2.00 | -27.00 | 22.00 | 20.00 | -1,150.00 | 86.00 | -114.00 | -2.00 |
| Net Profit | 7.00 | 2.00 | -1.00 | 7.00 | 5.00 | 5.00 | 7.00 | 1.00 | 1.00 | 0.00 | 1.00 | -21.00 |
| EPS in Rs | 2.62 | 0.78 | -0.53 | 3.48 | 2.90 | 3.82 | 5.19 | 0.52 | 1.14 | 0.03 | 0.75 | -19.11 |
| Dividend Payout % | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Balance Sheet
Annual · Rs. Crores — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 25.00 | 24.00 | 21.00 | 21.00 | 16.00 | 13.00 | 13.00 | 11.00 | 11.00 | 11.00 | 11.00 | 11.00 |
| Reserves | 162.00 | 149.00 | 108.00 | 109.00 | 78.00 | 48.00 | 43.00 | 29.00 | 28.00 | 27.00 | 27.00 | 26.00 |
| Borrowings | 15.00 | 10.00 | 10.00 | 6.00 | 43.00 | 89.00 | 110.00 | 97.00 | 113.00 | 122.00 | 119.00 | 117.00 |
| Other Liabilities | 38.00 | 34.00 | 39.00 | 57.00 | 56.00 | 58.00 | 63.00 | 31.00 | 25.00 | 22.00 | 24.00 | 27.00 |
| Total Liabilities | 240.00 | 217.00 | 179.00 | 194.00 | 192.00 | 209.00 | 229.00 | 168.00 | 177.00 | 181.00 | 181.00 | 182.00 |
| Fixed Assets | 26.00 | 20.00 | 15.00 | 16.00 | 16.00 | 17.00 | 16.00 | 11.00 | 12.00 | 13.00 | 14.00 | 17.00 |
| CWIP | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Investments | 0.00 | 10.00 | 10.00 | 10.00 | 9.00 | 27.00 | 27.00 | 27.00 | 27.00 | 19.00 | 19.00 | 19.00 |
| Other Assets | 214.00 | 187.00 | 154.00 | 168.00 | 167.00 | 164.00 | 186.00 | 131.00 | 138.00 | 149.00 | 147.00 | 146.00 |
| Total Assets | 240.00 | 217.00 | 179.00 | 194.00 | 192.00 | 209.00 | 229.00 | 168.00 | 177.00 | 181.00 | 181.00 | 182.00 |
Cash Flows
Annual · Rs. Crores — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | 7.00 | -9.00 | -3.00 | 9.00 | -7.00 | 26.00 | -14.00 | 17.00 | 14.00 | -1.00 | 0.00 | 2.00 |
| Cash from Investing Activity | -8.00 | -27.00 | 0.00 | -1.00 | 18.00 | -2.00 | -5.00 | 1.00 | -7.00 | 0.00 | 0.00 | 6.00 |
| Cash from Financing Activity | 11.00 | 40.00 | 4.00 | -8.00 | -21.00 | -24.00 | 20.00 | -17.00 | -7.00 | 0.00 | 0.00 | -8.00 |
| Net Cash Flow | 11.00 | 4.00 | 1.00 | 1.00 | -10.00 | 1.00 | 2.00 | 1.00 | 0.00 | -1.00 | 0.00 | 0.00 |
| Free Cash Flow | 0.00 | -15.00 | -3.00 | 9.00 | -7.00 | 24.00 | -19.00 | 18.00 | 14.00 | -1.00 | 0.00 | 2.00 |
| CFO/OP % | 122.00 | -327.00 | -105.00 | 812.00 | -102.00 | 344.00 | -109.00 | -91.00 | -80.00 | 123.00 | 4,717.00 | -65.00 |
Ratios
Annual · Days / % — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 66.00 | 78.00 | 52.00 | 57.00 | 36.00 | 28.00 | 27.00 | 74.00 | 127.00 | 141.00 | 149.00 | 118.00 |
| Inventory Days | 171.00 | 400.00 | 525.00 | 236.00 | 340.00 | 421.00 | — | — | 232.00 | 476.00 | 3,475.00 | 1,675.00 |
| Days Payable | 66.00 | 115.00 | 366.00 | 251.00 | 253.00 | 374.00 | — | — | 148.00 | 321.00 | 2,254.00 | 1,265.00 |
| Cash Conversion Cycle | 171.00 | 363.00 | 212.00 | 42.00 | 122.00 | 75.00 | 27.00 | 74.00 | 211.00 | 296.00 | 1,370.00 | 528.00 |
| Working Capital Days | 390.00 | 460.00 | 390.00 | 219.00 | 122.00 | -22.00 | 114.00 | 247.00 | 108.00 | 36.00 | 14.00 | -127.00 |
| ROCE % | 4.00 | 2.00 | 2.00 | 4.00 | 4.00 | 4.00 | 7.00 | -13.00 | 1.00 | 0.00 | -1.00 | -4.00 |
Corporate Actions
17 records| Action | Ex Date | Record Date | Ratio | Amount (₹) | Notes |
|---|---|---|---|---|---|
| Other | 20 Sep 2024 | — | — | — | Annual General Meeting |
| Other | 22 Sep 2023 | — | — | — | Annual General Meeting |
| Other | 22 Sep 2022 | — | — | — | Annual General Meeting |
| Other | 20 Sep 2021 | — | — | — | Annual General Meeting |
| Other | 22 Sep 2020 | — | — | — | Annual General Meeting |
| Other | 20 Sep 2019 | — | — | — | Annual General Meeting |
| Other | 19 Sep 2018 | — | — | — | Annual General Meeting |
| Other | 21 Sep 2017 | — | — | — | Annual General Meeting |
| Other | 21 Sep 2016 | — | — | — | Annual General Meeting |
| Other | 10 Sep 2015 | — | — | — | Annual General Meeting |
| Other | 23 Sep 2014 | — | — | — | Annual General Meeting |
| Other | 23 Sep 2013 | — | — | — | Annual General Meeting |
| Other | 18 Sep 2012 | — | — | — | Annual General Meeting (Bc End Date Revised) |
| Other | 21 Sep 2011 | — | — | — | Annual General Meeting |
| Dividend | 20 Sep 2010 | — | — | 1.00 | |
| Dividend | 15 Sep 2009 | — | — | 1.00 | |
| Dividend | 01 Sep 2008 | — | — | 1.00 |
Announcements
5 filingsShareholding Pattern
Open on BSEFinancial Results — Filings
Open on BSEBoard Filings
Open on BSEAnnual Reports
Credit Ratings
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Rating update26 Mar from brickwork
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Rating update13 Aug 2025 from brickwork
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Rating update16 May 2024 from brickwork
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Rating update20 Feb 2023 from brickwork
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Rating update22 Nov 2022 from brickwork
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Rating update18 Nov 2021 from brickwork