₹51.82
▼ -1.1 -2.08%
As of 23 Oct 2026 · delayed
NSE Listed · Infrastructure Developers & Operators
Tarmat Limited (TARMAT)
Volume: 8,227Avg Vol 1W: 9,219Avg Vol 1M: 17,42652W Range:₹46.26₹73.9
Key Ratios
Checked just nowMarket Cap₹130 Cr
Current Price₹51.82
Previous Close₹52.92
High / Low (52w)₹73.9 / ₹46.26
Volume8,227
Avg Vol (1W)9,219
Avg Vol (1M)17,426
Stock P/E18.31
Book Value₹74.45
Dividend Yield0%
ROE334.36%
ROA271.3%
Revenue (TTM)—
Revenue Growth13.35%
Profit Margin5.52%
Total Debt₹8 Cr
Shares Outstanding3 Cr
Face Value₹10
EPS (TTM)₹2.83
P/B0.7
Debt / Equity0.07
50 DMA₹56.86
200 DMA₹53.67
Day change-2.08%
Price Chart
₹51.82▼ 1.48% · 1Y
2025-10-272026-10-23
20-day avg volume: 18K shares
Pros
- Healthy return on equity of 334.4%.
- Company is almost debt-free.
- Stock trades below its book value.
Cons
- Revenue fell 30% YoY.
Quarterly Results
| Metric | Sept 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sept 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | ₹16 Cr | ₹26 Cr | ₹38 Cr | ₹25 Cr | ₹23 Cr | ₹27 Cr | ₹42 Cr | ₹36 Cr |
| EBITDA | ₹0 Cr | ₹0 Cr | ₹1 Cr | ₹1 Cr | ₹2 Cr | ₹1 Cr | ₹3 Cr | ₹2 Cr |
| Net Profit | ₹0 Cr | ₹0 Cr | ₹1 Cr | ₹1 Cr | ₹1 Cr | ₹1 Cr | ₹3 Cr | ₹2 Cr |
| EPS | — | — | — | — | — | — | — | — |
Profit & Loss (Annual)
| Metric | Mar 2025 | Mar 2025 | Jun 2025 | Sept 2025 | Dec 2025 | Mar 2026 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | ₹102 Cr | ₹38 Cr | ₹25 Cr | ₹23 Cr | ₹27 Cr | ₹42 Cr | ₹119 Cr | ₹30 Cr |
| EBITDA | ₹3 Cr | ₹1 Cr | ₹1 Cr | ₹2 Cr | ₹1 Cr | ₹3 Cr | ₹7 Cr | ₹1 Cr |
| Net Profit | ₹2 Cr | ₹1 Cr | ₹1 Cr | ₹1 Cr | ₹1 Cr | ₹3 Cr | ₹6 Cr | ₹1 Cr |
| EPS | 0.63 | — | — | — | — | — | 2.51 | — |
Balance Sheet
| Metric | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | ₹194 Cr | ₹270 Cr | ₹233 Cr | ₹220 Cr | ₹213 Cr | ₹198 Cr | ₹236 Cr | ₹261 Cr |
| Total Liabilities | ₹154 Cr | ₹214 Cr | ₹171 Cr | ₹126 Cr | ₹82 Cr | ₹68 Cr | ₹63 Cr | ₹74 Cr |
| Equity | ₹40 Cr | ₹56 Cr | ₹61 Cr | ₹94 Cr | ₹131 Cr | ₹130 Cr | ₹173 Cr | ₹187 Cr |
| Total Debt | — | — | — | — | — | — | — | — |
Cash Flow
| Metric | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Operating | ₹17 Cr | ₹-11 Cr | ₹25 Cr | ₹-7 Cr | ₹18 Cr | ₹-3 Cr | ₹-11 Cr | ₹9 Cr |
| Investing | ₹1 Cr | ₹-5 Cr | ₹-2 Cr | ₹18 Cr | ₹-1 Cr | ₹0 Cr | ₹-27 Cr | ₹-7 Cr |
| Financing | ₹-17 Cr | ₹20 Cr | ₹-24 Cr | ₹-21 Cr | ₹-8 Cr | ₹4 Cr | ₹40 Cr | ₹11 Cr |
| Free Cash Flow | ₹17 Cr | ₹-11 Cr | ₹25 Cr | ₹-7 Cr | ₹18 Cr | ₹-3 Cr | ₹-11 Cr | ₹9 Cr |
Shareholding
Promoter 29.11% Institutions 1.81% Public 69.08%
Efficiency & Working Capital
ROCE3.4%
Interest Coverage4.3
Dividend Payout—
Debtor Days66 d
Inventory Days224 d
Payable Days117 d
Cash Conversion Cycle174 d
Working Capital Days290 d
Shareholding Details
As of 2026-09-30
Promoter29.1%
FII1.8%
DII0%
Institutions1.8%
Public69.1%
Promoter Pledge0%
No. of Shareholders13,283
Shareholding Pattern
Quarterly — figures in %. Latest 12 quarters.
| Period | Nov 2024 | Nov 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sept 2025 | Oct 2025 | Oct 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sept 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Promoters | 29.8% | 29.8% | 29.8% | 30.1% | 29.8% | 29.8% | 28.6% | 28.6% | 30.1% | 29.1% | 29.1% | 29.1% |
| FIIs | 2.5% | 2.5% | 2.5% | 3% | 2.9% | 2.9% | 1.8% | 1.8% | 1.9% | 1.8% | 1.8% | 1.8% |
| DIIs | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Public | 67.7% | 67.7% | 67.6% | 66.9% | 67.2% | 67.2% | 69.6% | 69.6% | 68% | 69.2% | 69.2% | 69.1% |
| Promoter Pledge | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| No. of Shareholders | 14,529 | 14,529 | 14,442 | 14,358 | 14,379 | 14,596 | 14,485 | 14,485 | 14,055 | 13,485 | 13,251 | 13,283 |
Returns History (ROE / ROCE / ROA)
| Period | ROE | ROCE | ROA | P/E |
|---|---|---|---|---|
| 202603 | — | — | — | — |
Major Shareholders (>1%)
| Name | Category | Stake | Shares |
|---|---|---|---|
| Jerry Varghese | Shareholding of Promoter and Promoter Group | 13.2% | 33,18,021 |
| Yash Jayesh Mehta | Public Shareholding | 7.7% | 19,32,890 |
| Tarmat Holdings Pvt. Ltd. | Shareholding of Promoter and Promoter Group | 5.4% | 13,61,328 |
| Dilip Varghese | Shareholding of Promoter and Promoter Group | 5.3% | 13,18,937 |
| Ferstar Trade Private Limited | Public Shareholding | 5% | 12,50,000 |
| Faithful Vanijya Private Limited | Public Shareholding | 5% | 12,50,000 |
| Late Saramma Jerry Varghese | Shareholding of Promoter and Promoter Group | 4.2% | 10,51,161 |
| Kingston Vincom Private Limited | Public Shareholding | 4.2% | 10,40,000 |
| Amit Atmaram Shah Huf | Public Shareholding | 4% | 10,00,000 |
| Somani Estates Pvt Ltd | Public Shareholding | 3.9% | 9,85,784 |
| Yms Finance Private Limited | Public Shareholding | 3.9% | 9,85,785 |
| Amit Atmaram Shah | Public Shareholding | 2.6% | 6,39,427 |
| Ambika Vincom Private Limited | Public Shareholding | 2.4% | 6,00,000 |
| Gajmurti Agency Private Limited | Public Shareholding | 1.7% | 4,30,000 |
| Pine Tree Capital Market Pvt.ltd. | Public Shareholding | 1.5% | 3,77,564 |
| Tuhina Agrawal | Public Shareholding | 1% | 2,50,000 |
| Minerva Ventures Fund | Public Shareholding | 1% | 2,50,000 |
| Sneha Varghese | Shareholding of Promoter and Promoter Group | 0.7% | 1,76,400 |
| Neha Dilip Varghese | Shareholding of Promoter and Promoter Group | 0.3% | 69,794 |
| Tarmat Construction Pvt. Ltd. | Shareholding of Promoter and Promoter Group | 0% | 120 |
Board of Directors
| Name | Designation | Year |
|---|---|---|
| Jerry Varghese | Chairman & Non Executive Dir. | 2025 |
| Dilip Verghese | Executive Director & MD | 2025 |
| Kishan Kumar Kinra | Independent Non Exe. Director | 2025 |
| Kishanrao Marutirao Godbole | Independent Non Exe. Director | 2025 |
| Priyanka Bhushan Sahani | Independent Non Exe. Director | 2025 |
| S Chakraborty | CFO / Company Secretary / Compliance Officer | 2025 |
Segments — Product
| Segment | Revenue | Share |
|---|---|---|
| Construction | ₹0 Cr | — |
Capital Structure (₹ Cr)
| Year | Face Value | Authorised | Issued | Paid-up |
|---|---|---|---|---|
| 2026 | ₹10 | 33 | 25 | 25 |
Corporate Actions
| Type | Date | Value | Remark |
|---|---|---|---|
| forthcoming | 2026-08-14 | Board Meetings | — |
Related-Party Transactions (₹ Cr)
| Year | Subsidiaries | Associates | JV | KMP | Others | Total |
|---|---|---|---|---|---|---|
| 2025 | 0 | 0 | 0 | 1 | 0 | 1 |
| 2025 | 0 | 0 | 0 | 1 | 0 | 1 |
| 2025 | 0 | 0 | 0 | 1 | 0 | 1 |
Insider / Designated-Person Trades
7 recent disclosure(s)
DILIP VARGHESEAcquisition · 13,000
DILIP VARGHESEAcquisition · 17,000
DILIP VARGHESEAcquisition · 861
DILIP VARGHESEAcquisition · 19,000
DILIP VARGHESEAcquisition · 9,000
DILIP VARGHESEAcquisition · 16,922
Substantial Acquisitions (SAST)
7 disclosure(s)
Market24/02/2026 · 17,000
Market20/02/2026 · 861
Market28/11/2025 · 19,000
Market24/11/2025 · 9,000
Market21/11/2025 · 16,922
Market20/11/2025 · 16,000
Company Information
Incorporated1986
ChairmanJerry Varghese
AuditorHegde & Associates
Investor Email[email protected]; [email protected]
📍 Tank Road Off Gen Vaidya Marg, Garegaon (East), Mumbai, Maharashtra, 400063
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