Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
post
Last Updated on: 28 February, 2024|Author: Getaka | Social: X Twitter Profile

Fundamental Analysis of Tarmat Ltd

About the Company - Tarmat Ltd

Tarmat Ltd. is a Public Limited Listed company incorporated on 03/01/1986 and has its registered office in the State of Maharashtra, India. Company’s Corporate Identification Number(CIN) is L45203MH1986PLC038535 and registration number is 038535. Currently Company is involved in the business activities of Construction roads and railways. Company’s Total Operating Revenue is Rs. 161.94 Cr. and Equity Capital is Rs. 15.80 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Construction & ContractingGen A.K.Vaidya Marg, Near Wageshwari Mandir, Mumbai Maharashtra 400097contact@tarmatlimited.com
http://www.tarmatlimited.com
Management
NamePosition Held
Mr. Jerry VargheseChairman
Mr. Dilip VargheseManaging Director
Mr. Amit Atmaram ShahExecutive Director
Mr. Krishan Kumar KinraIndependent Director
Mr. Ramesh Chander GuptaIndependent Director
Mrs. Regina Manish SinhaIndependent Director

Tarmat Ltd. Share Price Update

Share PriceValue
Today₹94.00
Previous Day₹96.49

Basic Stock Data of Tarmat Ltd

Market Cap 310 Cr.
Current Price 146
High / Low150/57.4
Stock P/E212
Book Value 61.8
Dividend Yield0.00 %
ROCE4.00 %
ROE4.57 %
Face Value 10.0

Data Source: screener.in

Competitors of Tarmat Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
A B Infrabuild Ltd 243 Cr. 55.059.8/15.240.5 17.50.00 %20.2 %19.0 % 10.0
Prajay Engineers Syndicate Ltd 172 Cr. 24.626.6/9.80 79.60.00 %0.70 %1.63 % 10.0
Hindustan Construction Company Ltd 6,300 Cr. 41.647.9/12.537.0 4.330.00 %16.9 %% 1.00
Indiabulls Real Estate Ltd 6,545 Cr. 121129/45.9 56.20.00 %7.17 %11.4 % 2.00
PNC Infratech Ltd 10,672 Cr. 416463/26116.2 1800.12 %14.8 %16.2 % 2.00
Industry Average4,786.40 Cr131.6418.7467.530.02%11.95%9.65%5.00

Tarmat Ltd Quarterly Results

MonthSep 2020Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
Sales29.0343.6761.6652.6534.5233.6841.1040.6028.9332.1641.9621.2724.70
Expenses27.8642.2358.2750.5632.7332.1739.8938.6427.8833.3741.7320.1124.04
Operating Profit1.171.443.392.091.791.511.211.961.05-1.210.231.160.66
OPM %4.03%3.30%5.50%3.97%5.19%4.48%2.94%4.83%3.63%-3.76%0.55%5.45%2.67%
Other Income0.130.500.260.090.040.100.890.040.256.200.190.010.02
Interest0.180.332.430.560.610.470.360.070.190.030.090.190.22
Depreciation0.330.240.470.260.260.220.320.230.230.290.290.210.21
Profit before tax0.791.370.751.360.960.921.421.700.884.670.040.770.25
Tax %-10.13%5.11%-169.33%-2.94%4.17%5.43%2.11%2.35%4.55%0.64%-575.00%-3.90%-12.00%
Net Profit0.871.312.011.400.920.861.391.660.854.640.260.800.28
EPS in Rs0.650.981.511.050.690.650.880.840.402.180.120.380.13

Tarmat Ltd Quarterly Chart

Tarmat Ltd Profit & Loss

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales1871521036451596195233171162144120
Expenses17115010767515877114222163155142119
Operating Profit161-5-4-01-17-19117721
OPM %9%1%-5%-6%-0%1%-27%-20%5%4%4%2%1%
Other Income-2-82111192211176
Interest1081616501123211
Depreciation5544211111111
Profit before tax-1-20-23-21-600194576
Tax %-470%-33%2%2%114%86%-1,150%20%22%-27%2%-2%
Net Profit-4-26-22-21101175576
EPS in Rs-3.49-23.97-20.45-19.110.750.031.140.525.193.822.903.482.81
Dividend Payout %0%0%0%0%0%0%0%0%0%0%0%0%

Tarmat Ltd Profit & Loss Yearly Chart

YoY Net Profit Growth
Year2012-20132013-20142014-20152015-20162016-20172018-20192019-20202020-20212021-20222022-2023
YoY Net Profit Growth (%)-550.00%15.38%4.55%104.76%-100.00%0.00%600.00%-28.57%0.00%40.00%
Change in YoY Net Profit Growth (%)0.00%565.38%-10.84%100.22%-204.76%100.00%600.00%-628.57%28.57%40.00%

Tarmat Ltd Growth

Compounded Sales Growth
10 Years:-1%
5 Years:19%
3 Years:-15%
TTM:-23%
Compounded Profit Growth
10 Years:9%
5 Years:31%
3 Years:-11%
TTM:-76%
Stock Price CAGR
10 Years:31%
5 Years:34%
3 Years:41%
1 Year:129%
Return on Equity
10 Years:-7%
5 Years:0%
3 Years:6%
Last Year:5%

Tarmat Ltd Balance Sheet

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital11111111111111111313162121
Reserves9670472627272829434868109110
Borrowings567311011711912211397110894366
Other Liabilities31272427242225316358655770
Total Liabilities193181192182181181177168229209192194207
Fixed Assets30252117141312111617161616
CWIP0000000000000
Investments4024191919272727279100
Other Assets159156147146147149138131186164167168191
Total Assets193181192182181181177168229209192194207

Tarmat Ltd Reserves and Borrowings Chart

Tarmat Ltd Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity 10-1172-0-11417-1426-710
Cash from Investing Activity 00-24600-71-5-218-1
Cash from Financing Activity -9917-8-0-0-7-1720-24-21-8
Net Cash Flow1-2-0-00-10121-101

Tarmat Ltd Financial Efficiency Indicators

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days4164561181491411277427283657
Inventory Days3903421,5851,6753,475476232421340236
Days Payable1121438881,2652,254321148374253251
Cash Conversion Cycle3192637535281,37029621174277512242
Working Capital Days192230271414555509451247114162217232
ROCE %9%-1%-5%-4%-1%0%1%-13%7%4%5%4%

Tarmat Ltd Financial Efficiency Indicators Chart

Tarmat Ltd Share Holding Pattern

MonthMar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Promoters39.90%39.90%39.90%39.90%39.90%33.67%36.15%35.84%33.25%33.25%33.25%33.25%
FIIs0.00%0.00%0.00%0.01%0.00%0.00%0.00%0.00%0.02%0.01%0.00%0.00%
Public60.10%60.10%60.09%60.08%60.10%66.33%63.85%64.17%66.74%66.75%66.75%66.76%
No. of Shareholders8,8688,91511,08310,52910,69810,53610,45410,4229,9099,81311,14012,523

Tarmat Ltd Shareholding Pattern Chart

No. of Tarmat Ltd Shareholders

This stock is not held by any mutual fund

Tarmat Ltd ROCE Trend

Tarmat Ltd EPS Trend

Tarmat Ltd Key Financial Ratios

MonthMar 23Mar 22Mar 21Mar 20Mar 19
FaceValue10.0010.0010.0010.0010.00
Basic EPS (Rs.)3.572.903.865.150.53
Diluted EPS (Rs.)2.372.153.865.150.53
Cash EPS (Rs.)3.963.574.905.771.35
Book Value[Excl.RevalReserv]/Share (Rs.)61.2959.1745.9142.0536.23
Book Value[Incl.RevalReserv]/Share (Rs.)61.3359.2245.9842.1236.31
Revenue From Operations / Share (Rs.)67.40114.56146.90207.31120.10
PBDIT / Share (Rs.)2.904.886.359.012.79
PBIT / Share (Rs.)2.424.215.318.401.97
PBT / Share (Rs.)3.422.953.016.630.64
Net Profit / Share (Rs.)3.482.903.865.150.52
NP After MI And SOA / Share (Rs.)3.482.903.865.150.52
PBDIT Margin (%)4.304.264.324.342.32
PBIT Margin (%)3.583.673.614.051.64
PBT Margin (%)5.072.572.053.190.53
Net Profit Margin (%)5.162.522.622.480.43
NP After MI And SOA Margin (%)5.162.522.622.480.43
Return on Networth / Equity (%)5.674.898.4012.251.45
Return on Capital Employeed (%)3.886.924.706.681.56
Return On Assets (%)3.482.082.212.540.29
Long Term Debt / Equity (X)0.010.011.431.972.45
Total Debt / Equity (X)0.040.461.461.972.45
Asset Turnover Ratio (%)0.690.760.711.100.44
Current Ratio (X)2.231.532.131.972.38
Quick Ratio (X)1.390.881.281.231.36
Inventory Turnover Ratio (X)1.050.930.621.251.03
Interest Coverage Ratio (X)16.293.872.765.082.11
Interest Coverage Ratio (Post Tax) (X)13.903.302.683.911.40
Enterprise Value (Cr.)161.88133.70132.10120.49130.18
EV / Net Operating Revenue (X)1.130.730.670.430.98
EV / EBITDA (X)26.1717.3315.6110.0342.54
MarketCap / Net Operating Revenue (X)1.120.520.290.130.31
Price / BV (X)1.231.010.930.671.06
Price / Net Operating Revenue (X)1.120.520.290.130.31
EarningsYield0.040.040.080.180.01

Tarmat Ltd Profitability Ratios (%)

Tarmat Ltd Liquidity Ratios

Tarmat Ltd Liquidity Ratios (%)

Tarmat Ltd Interest Coverage Ratios (X)

Tarmat Ltd Valuation Ratios

Fair Value / Intrinsic Value of Tarmat Ltd

Fair Value: ₹610.72

The stock is undervalued by 318.30% compared to the current price ₹146

*Investments are subject to market risks

Strength and Weakness of Tarmat Ltd

StrengthWeakness
    1. The stock is trading at a high valuation with an average P/B ratio of 4.46 and average Dividend Yield of 3.31%.
    2. The stock has a low average ROCE of 0.50%, which may not be favorable.
    3. The stock has a high average Working Capital Days of 299.50, which may not be favorable.
    4. The stock has a high average Cash Conversion Cycle of 225.92, which may not be favorable.
    5. The company has higher borrowings (81.62) compared to reserves (56.00), which may suggest financial risk.
    6. The company has not shown consistent growth in sales (123.23) and profit (-3.00).

    Should I Buy Tarmat Ltd Share Now?

    • Considering various financial indicators, investors might exercise caution regarding investment in Tarmat Ltd:
      1. Net Profit Margin: 5.16%
        • Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
      2. ROCE: 3.88% (Industry Average ROCE: 15.5%)
        • ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
      3. Interest Coverage Ratio (Post Tax): 13.90
        • Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
      4. Quick Ratio: 1.39
        • Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
      5. ✗ Stock P/E: 200 (Industry average Stock P/E: 29.46)
        • Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
      6. ✓ Total Debt / Equity: 0.04
        • Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
      The current analysis suggests exercising caution. It's advisable to conduct further research or consult with financial experts before considering any investment.

    About the Author

    Author Avatar
    Getaka

    Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

    Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Tarmat Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE