TARMAT LIMITED (TARMAT) financials

TARMAT LIMITED (TARMAT) NSE/BSE financials on Fincrux: quarterly results, profit and loss, cash flow, balance sheet, ratios, and shareholding.

Incorporated in 1986, Tarmat Ltd does construction of Airfield and National /state highways[1]

Market Cap: ₹133Cr.
Current Price: ₹53.8
Stock P/E: 20.7
ROE: 3.23%
ROCE: 3.54%
Book Value: ₹74.6
Dividend Yield: 0.00%
52W High / Low: ₹74.0/46.3

In Jun 2026, TARMAT LIMITED (TARMAT) reported sales ₹29.59 Cr and net profit ₹0.56 Cr.

Annual TTM: sales ₹122 Cr, net profit ₹6 Cr.

Shareholding: Promoters 29.11% (Sep 2026), FIIs 1.81% (Sep 2026), Public 69.08% (Sep 2026), No. of Shareholders 13,283% (Sep 2026).

TARMAT quarterly results (₹ Cr.)
Category	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Sales	15.57	26.14	37.79	24.94	22.67	27.31	42.46	29.59
Expenses	15.01	25.57	37.06	23.82	21.54	25.57	39.26	28.33
Operating Profit	0.56	0.57	0.73	1.12	1.13	1.74	3.20	1.26
OPM %	3.60%	2.18%	1.93%	4.49%	4.98%	6.37%	7.54%	4.26%
Other Income	0.04	0.23	0.78	0.06	0.75	0.04	0.39	0.06
Interest	0.04	0.11	0.32	0.25	0.21	0.41	0.26	0.31
Depreciation	0.18	0.40	0.57	0.29	0.29	0.32	0.36	0.30
Profit before tax	0.38	0.29	0.62	0.64	1.38	1.05	2.97	0.71
Tax %	-7.89%	-17.24%	8.06%	-9.38%	-5.80%	-6.67%	-10.10%	21.13%
Net Profit	0.41	0.34	0.57	0.69	1.46	1.13	3.27	0.56
EPS in Rs	0.17	0.14	0.24	0.29	0.61	0.45	1.30	0.22
Raw PDF	—	—	—	—	—	—	—	—

TARMAT profit and loss (₹ Cr.)
Category	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
Sales	233	171	162	144	89	101	117	122
Expenses	222	163	155	142	87	98	110	115
Operating Profit	11	7	7	2	2	3	8	7
OPM %	4.7%	4.2%	4.3%	1.5%	2.8%	3.2%	6%	6%
Other Income	1	1	1	7	-2	1	1	1
Interest	2	3	2	1	1	1	2	1
Depreciation	1	1	1	1	1	1	1	1
Profit before tax	9	4	5	7	-1	2	6	6
Tax %	22%	-27%	2%	-2%	-10%	-3%	-8%	—
Net Profit	7	5	5	7	-1	2	7	6
EPS in Rs	5.19	3.82	2.90	3.48	-0.53	0.78	2.62	2.58
Dividend Payout %	0%	0%	0%	0%	0%	0%	0%	—

TARMAT balance sheet (₹ Cr.)
Category	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	11	13	13	16	21	21	24	25
Reserves	29	43	48	78	109	108	149	162
Borrowings	97	110	89	43	6	10	10	15
Other Liabilities	31	63	58	56	57	39	34	38
Total Liabilities	168	229	209	192	194	179	217	240
Fixed Assets	11	16	17	16	16	15	20	26
CWIP	0	0	0	0	0	0	0	0
Investments	27	27	27	9	10	10	10	10
Other Assets	131	186	164	167	168	154	187	204
Total Assets	168	229	209	192	194	179	217	240

TARMAT cash flows (₹ Cr.)
Category	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Cash from Operating Activity	17	-14	26	-7	9	-3	-9	7
Cash from Investing Activity	1	-5	-2	18	-1	0	-27	-8
Cash from Financing Activity	-17	20	-24	-21	-8	4	40	11
Net Cash Flow	1	2	1	-10	1	1	4	11
Free Cash Flow	18	-19	24	-7	9	-3	-15	-0
CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit	-91%	-109%	344%	-102%	812%	-105%	-327%	116%

TARMAT shareholding pattern (%)
Category	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
Promoters	29.84%	30.15%	29.84%	29.84%	30.13%	29.05%	29.05%	29.11%
FIIs	2.53%	2.96%	2.94%	2.92%	1.87%	1.80%	1.80%	1.81%
Public	67.64%	66.88%	67.21%	67.24%	68.00%	69.15%	69.15%	69.08%
No. of Shareholders	14,442	14,358	14,379	14,596	14,055	13,485	13,251	13,283

TARMAT key ratios
Category	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Debtor Days	74	27	28	36	57	52	78	66
Inventory Days	—	—	421	340	236	525	400	346
Days Payable	—	—	374	253	251	366	115	134
Cash Conversion Cycle	74	27	75	122	42	212	363	279
Working Capital Days	247	114	-22	122	219	390	460	390
ROCE %	-13%	7%	4%	4%	4%	2%	2%	4%

TARMATUpdated 21 Oct 2026, 17:21

Tarmat Limited

TARMATUpdated 21 Oct 2026, 17:21

Market Cap

₹133Cr.

Current Price

₹53.8

High / Low

₹74.0/46.3

Stock P/E

20.7

ROE3.23%

ROCE3.54%

Book Value₹74.6

Face Value₹10.0

Dividend Yield0.00%

About

Incorporated in 1986, Tarmat Ltd does construction of Airfield and National /state highways[1]

Quarterly results

Last reported quarters₹ Cr.

Quarter	Sales	Interest	Expenses	Other Income	Depreciation	Profit Before Tax	Tax	Net Profit	EPS (₹)
Jun 2023	21.27	0.19	20.11	0.01	0.21	0.77	-3.9	0.8	0.38
Sep 2023	24.7	0.22	24.04	0.02	0.21	0.25	-12	0.28	0.13
Dec 2023	22.7	0.08	22.32	0	0.21	0.09	-33.33	0.12	0.06
Mar 2024	20.68	0.16	20.48	-2.2	0.21	-2.37	-1.27	-2.34	-1.1
Jun 2024	21.78	0.23	20.85	0	0.18	0.52	-5.77	0.55	0.26
Sep 2024	15.57	0.04	15.01	0.04	0.18	0.38	-7.89	0.41	0.17
Dec 2024	26.14	0.11	25.57	0.23	0.4	0.29	-17.24	0.34	0.14
Mar 2025	37.79	0.32	37.06	0.78	0.57	0.62	8.06	0.57	0.24
Jun 2025	24.94	0.25	23.82	0.06	0.29	0.64	-9.38	0.69	0.29
Sep 2025	22.67	0.21	21.54	0.75	0.29	1.38	-5.8	1.46	0.61
Dec 2025	27.31	0.41	25.57	0.04	0.32	1.05	-6.67	1.13	0.45
Mar 2026	42.46	0.26	39.26	0.39	0.36	2.97	-10.1	3.27	1.3
Jun 2026	29.59	0.31	28.33	0.06	0.3	0.71	21.13	0.56	0.22

Profit & loss

Annual statement₹ Cr.

Year	Sales	Interest	Expenses	Other Income	Depreciation	Profit Before Tax	Tax	Net Profit	EPS (₹)
Mar 2015	64	16	67	1	4	-21	-2	-21	-19.11
Mar 2016	51	5	51	1	2	-6	-114	1	0.75
Mar 2017	59	0	58	1	1	0	86	0	0.03
Mar 2018	61	1	77	19	1	0	-1150	1	1.14
Mar 2019	95	1	114	22	1	1	20	1	0.52
Mar 2020	233	2	222	1	1	9	22	7	5.19
Mar 2021	171	3	163	1	1	4	-27	5	3.82
Mar 2022	162	2	155	1	1	5	2	5	2.9
Mar 2023	144	1	142	7	1	7	-2	7	3.48
Mar 2024	89	1	87	-2	1	-1	-10	-1	-0.53
Mar 2025	101	1	98	1	1	2	-3	2	0.78
Mar 2026	117	2	110	1	1	6	-8	7	2.62
TTM	122	1	115	1	1	6	—	6	2.58

Shareholding pattern

As of Sep 2026%

Holder	Share
Promoters	29.11%
FIIs	1.81%
Public	69.08%

Shareholding trend

Ownership over time%

Quarter	Promoters	FIIs	Public
Dec 2023	33.25%	0%	66.76%
Mar 2024	33.25%	0.07%	66.69%
Jun 2024	33.25%	0.07%	66.69%
Sep 2024	33.25%	2.84%	63.92%
Dec 2024	29.84%	2.53%	67.64%
Mar 2025	30.15%	2.96%	66.88%
Jun 2025	29.84%	2.94%	67.21%
Sep 2025	29.84%	2.92%	67.24%
Dec 2025	30.13%	1.87%	68%
Mar 2026	29.05%	1.8%	69.15%
Jun 2026	29.05%	1.8%	69.15%
Sep 2026	29.11%	1.81%	69.08%

Balance sheet

Assets & liabilities₹ Cr.

Period	Equity Capital	Reserves	Borrowings	Other Liabilities	Total Liabilities	Fixed Assets	Investments	Other Assets	Total Assets
Mar 2015	11	26	117	27	182	17	19	146	182
Mar 2016	11	27	119	24	181	14	19	147	181
Mar 2017	11	27	122	22	181	13	19	149	181
Mar 2018	11	28	113	25	177	12	27	138	177
Mar 2019	11	29	97	31	168	11	27	131	168
Mar 2020	13	43	110	63	229	16	27	186	229
Mar 2021	13	48	89	58	209	17	27	164	209
Mar 2022	16	78	43	56	192	16	9	167	192
Mar 2023	21	109	6	57	194	16	10	168	194
Mar 2024	21	108	10	39	179	15	10	154	179
Mar 2025	24	149	10	34	217	20	10	187	217
Mar 2026	25	162	15	38	240	26	10	204	240

Cash flows

Operating, investing & financing₹ Cr.

Period	Operating	Investing	Financing	Net cash flow
Mar 2015	2	6	-8	0
Mar 2016	0	0	0	0
Mar 2017	-1	0	0	-1
Mar 2018	14	-7	-7	0
Mar 2019	17	1	-17	1
Mar 2020	-14	-5	20	2
Mar 2021	26	-2	-24	1
Mar 2022	-7	18	-21	-10
Mar 2023	9	-1	-8	1
Mar 2024	-3	0	4	1
Mar 2025	-9	-27	40	4
Mar 2026	7	-8	11	11

Key ratios

Historical financial ratios

Category	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Debtor Days	118	149	141	127	74	27	28	36	57	52	78	66
Inventory Days	1,675	3,475	476	232	—	—	421	340	236	525	400	346
Days Payable	1,265	2,254	321	148	—	—	374	253	251	366	115	134
Cash Conversion Cycle	528	1,370	296	211	74	27	75	122	42	212	363	279
Working Capital Days	-127	14	36	108	247	114	-22	122	219	390	460	390
ROCE %	-4%	-1%	0%	1%	-13%	7%	4%	4%	4%	2%	2%	4%

Frequently asked questions

Quick answers about this company's financials on Fincrux

What is the market cap of TARMAT LIMITED (TARMAT)?

The reported market capitalisation for TARMAT LIMITED (TARMAT) is ₹133Cr. on Fincrux. Figures may update with market data and filings.

What is the current share price of TARMAT?

The current price shown for TARMAT LIMITED (TARMAT) on Fincrux is ₹53.8 with a 52-week high/low of ₹74.0/46.3.

What is the P/E ratio of TARMAT LIMITED (TARMAT)?

The stock P/E for TARMAT LIMITED (TARMAT) is 20.7 on Fincrux, with ROE at 3.23% and ROCE at 3.54%.

What were TARMAT latest quarterly results?

For Jun 2026, TARMAT LIMITED (TARMAT) reported sales ₹29.59 Cr and net profit ₹0.56 Cr (figures in ₹ crore unless noted).

What are TARMAT annual sales and net profit?

For TTM, TARMAT LIMITED (TARMAT) shows sales of ₹122 Cr and net profit of ₹6 Cr on the Fincrux profit & loss statement.

Who owns TARMAT LIMITED (TARMAT)?

Latest shareholding for TARMAT LIMITED (TARMAT) on Fincrux: Promoters 29.11% (Sep 2026), FIIs 1.81% (Sep 2026), Public 69.08% (Sep 2026), No. of Shareholders 13,283% (Sep 2026).

Where can I find TARMAT LIMITED (TARMAT) financials?

TARMAT LIMITED (TARMAT) financials on Fincrux include quarterly results, profit and loss, cash flow, balance sheet, key ratios, and shareholding patterns for NSE/BSE research.

Does Fincrux show TARMAT balance sheet and cash flow?

Yes. The TARMAT LIMITED (TARMAT) page on Fincrux includes balance sheet, cash flow statements, historical ratios, and ownership trends alongside quarterly and annual results.

Figures in ₹ crore unless noted. Data sourced for research and may lag filings.

Last updated 21 October 2026 at 17:21