Tarmat
NSE: TARMAT · Civil Construction
Limited coverage
We are not actively covering this company or have limited coverage today. Click to request coverage.
Snapshot
Unlock Tarmat's vital signs
Growth · Profitability · Valuation · Strength · Conviction
Company Overview
Business
Tarmat Ltd is an infrastructure construction company specialising in the development of airfields, runways, taxiways, and national or state highways. The firm provides comprehensive engineering, procurement, and construction (EPC) services primarily for government agencies and municipalities.
Business Model
The company operates on an EPC model, securing infrastructure contracts through competitive bidding for government-sponsored projects. Revenue is generated through the execution of civil engineering works across aviation and road transport sectors.
- Incorporation Year:1986
- Certification:ISO 9001:2008
Growth Outlook
Growth is driven by the sustained demand for infrastructure development in India, particularly in the expansion and modernisation of airfield and highway networks. The company leverages its specialised expertise in runway construction to capture niche government infrastructure tenders.
Key Risks
- Concentration Risk. The company is heavily dependent on government contracts, making it vulnerable to changes in public spending priorities and bureaucratic delays.
- Execution Risk. Large-scale infrastructure projects are susceptible to cost overruns, labour shortages, and logistical challenges that can impact profitability.
- Regulatory Risk. Changes in environmental regulations or land acquisition policies can significantly disrupt project timelines and increase operational costs.
- Competitive Pressure. The civil construction sector in India is highly fragmented and competitive, which may exert downward pressure on profit margins during the bidding process.
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Key Metrics
REVENUE
₹117 Cr
TTM · consolidated
NET PROFIT
₹6 Cr
TTM · consolidated
EPS
₹2.55
TTM · consolidated
RETURN ON EQUITY
3.5%
TTM · consolidated
RETURN ON CAPITAL EMPLOYED
3.8%
TTM · consolidated
P/E
22.4x
Q4 FY26 · consolidated
EV/EBITDA
16.0x
Q4 FY26 · consolidated
EBITDA MARGIN
6.9%
TTM · consolidated
NET PROFIT MARGIN
7.0%
Q4 FY26 · consolidated
DEBT TO EQUITY
0.1x
Q4 FY26 · consolidated
Peers · Civil Construction
| Company | Mkt Cap | P/E | EV/EBITDA | Rev Gr YoY | EBITDA Mgn | ROE | ROCE | 1Y Return |
|---|---|---|---|---|---|---|---|---|
TarmatTARMAT | ₹137 Cr | 22.44 | 16.05 | 15.9% | 6.9% | 3.5% | 3.8% | +10.8% |
Vishnu Prakash R Punglia LimitedVPRPL | ₹409 Cr | -1.80 | -7.69 | -43.3% | -19.3% | -27.9% | -21.7% | -70.6% |
GVK Power & Infrastructure LimitedGVKPIL | ₹399 Cr | -62.75 | -193.43 | -100.0% | -355.6% | 0.6% | -0.7% | -28.7% |
Markolines Pavement Technologies LimitedMARKOLINES | ₹377 Cr | 12.28 | 8.36 | — | 13.1% | 14.7% | 21.7% | +3.9% |
Zodiac EnergyZODIAC | ₹348 Cr | 13.53 | 8.60 | — | 11.1% | 21.7% | 22.1% | -44.6% |
Annu Projects LimitedANNU | ₹347 Cr | — | — | — | 21.0% | — | — | — |
As of Q4 FY26
Financials
Tarmat
NSE: TARMAT · Civil Construction
Limited coverage
We are not actively covering this company or have limited coverage today. Click to request coverage.
Snapshot
Unlock Tarmat's vital signs
Growth · Profitability · Valuation · Strength · Conviction
Company Overview
Business
Tarmat Ltd is an infrastructure construction company specialising in the development of airfields, runways, taxiways, and national or state highways. The firm provides comprehensive engineering, procurement, and construction (EPC) services primarily for government agencies and municipalities.
Business Model
The company operates on an EPC model, securing infrastructure contracts through competitive bidding for government-sponsored projects. Revenue is generated through the execution of civil engineering works across aviation and road transport sectors.
- Incorporation Year:1986
- Certification:ISO 9001:2008
Growth Outlook
Growth is driven by the sustained demand for infrastructure development in India, particularly in the expansion and modernisation of airfield and highway networks. The company leverages its specialised expertise in runway construction to capture niche government infrastructure tenders.
Key Risks
- Concentration Risk. The company is heavily dependent on government contracts, making it vulnerable to changes in public spending priorities and bureaucratic delays.
- Execution Risk. Large-scale infrastructure projects are susceptible to cost overruns, labour shortages, and logistical challenges that can impact profitability.
- Regulatory Risk. Changes in environmental regulations or land acquisition policies can significantly disrupt project timelines and increase operational costs.
- Competitive Pressure. The civil construction sector in India is highly fragmented and competitive, which may exert downward pressure on profit margins during the bidding process.
Start your research today
Unlock AI insights, financials, peers and live data on Tarmat and 5,000+ companies — free.
Key Metrics
REVENUE
₹117 Cr
TTM · consolidated
NET PROFIT
₹6 Cr
TTM · consolidated
EPS
₹2.55
TTM · consolidated
RETURN ON EQUITY
3.5%
TTM · consolidated
RETURN ON CAPITAL EMPLOYED
3.8%
TTM · consolidated
P/E
22.4x
Q4 FY26 · consolidated
EV/EBITDA
16.0x
Q4 FY26 · consolidated
EBITDA MARGIN
6.9%
TTM · consolidated
NET PROFIT MARGIN
7.0%
Q4 FY26 · consolidated
DEBT TO EQUITY
0.1x
Q4 FY26 · consolidated
Peers · Civil Construction
As of Q4 FY26