BSE: 532869 | NSE: TARMAT | Engineering - Construction | Small Cap
Past 10 year’s financial track record analysis by Moneyworks4me indicates that Tarmat Ltd is a below average quality company.
The key valuation ratios of Tarmat Ltd's currently when compared to its past seem to suggest it is in the Fair zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Tarmat Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
| Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % ⓘ | -3.6% | -0.7% | 0.2% | 0.9% | 1.4% | 7.4% | 4.5% | 4.9% | 5.7% | -0.4% | - |
| Value Creation Index ⓘ | -1.3 | -1.1 | -1.0 | -0.9 | -0.9 | -0.5 | -0.7 | -0.7 | -0.6 | -1.0 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | |||||||||||
| Sales ⓘ | 69.2 | 53.7 | 61 | 60.4 | 92.9 | 221 | 173 | 151 | 155 | 85.4 | 81 |
| Sales YoY Gr. | - | -22.3% | 13.5% | -1% | 53.9% | 137.3% | -21.6% | -12.7% | 2.3% | -44.8% | - |
| Adj EPS ⓘ | -19.1 | 0.4 | -0 | -3.7 | -12.8 | 5.2 | 3.8 | 2.7 | 2.7 | 0.3 | -0.5 |
| YoY Gr. | - | NA | -106.8% | NA | NA | NA | -26.2% | -28.2% | -2.9% | -87.6% | - |
| BVPS (₹) ⓘ | 33.8 | 34.5 | 34.6 | 35.7 | 36.2 | 42.1 | 45.9 | 52.9 | 61.3 | 60.8 | 64.6 |
| Adj Net Profit ⓘ | -21 | 0.5 | 0 | -4.1 | -14 | 6.9 | 5.1 | 4.3 | 5.7 | 0.7 | -1 |
| Cash Flow from Ops. ⓘ | 2.3 | -0.1 | -0.9 | 14.4 | 17.3 | -13.6 | 26.4 | 2.3 | 9.5 | -3.2 | - |
| Debt/CF from Ops. ⓘ | 50.9 | -1515.4 | -131 | 7.8 | 5.6 | -8.1 | 3.4 | 18.6 | 0.6 | -3.3 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | 2.4% | -1.7% | -21% | -44.8% | ||||
| Adj EPS ⓘ | NA | NA | -55.7% | -87.6% | ||||
| BVPSⓘ | 6.7% | 10.9% | 9.8% | -0.8% | ||||
| Share Price | 9.8% | 21.9% | 7.4% | -6.1% | ||||
Performance Ratio Colour Code Guide ⓘ
| Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | -44 | 1.3 | -0.1 | -10.6 | -35.4 | 14.3 | 8.6 | 5.6 | 5 | 0.5 | -0.9 |
| Op. Profit Mgn % ⓘ | -5.2 | -0.2 | 1.3 | -27.5 | -20.5 | 5 | 4.2 | 4.8 | 1.4 | 2.9 | 2.6 |
| Net Profit Mgn % ⓘ | -30.3 | 0.9 | -0.1 | -6.8 | -15.1 | 3.1 | 2.9 | 2.9 | 3.7 | 0.8 | -1.6 |
| Debt to Equity ⓘ | 3.2 | 3.1 | 3.1 | 2.9 | 2.5 | 2 | 1.5 | 0.5 | 0.1 | 0.1 | 0 |
| Working Cap Days ⓘ | 746 | 958 | 851 | 831 | 496 | 231 | 325 | 377 | 384 | 666 | 407 |
| Cash Conv. Cycle ⓘ | 160 | 198 | 183 | 202 | 121 | 46 | 43 | 50 | 54 | 91 | 290 |
No data to display
Return on Equity is Poor
Sales growth has been subdued in last 3 years -20.97%
Sales growth is not so good in last 4 quarters at -28.67%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | -0.5 | -0.5 |
| TTM Sales (₹ Cr.) | 80.7 | 80.7 |
| BVPS (₹.) ⓘ | 64.6 | 64.6 |
| Reserves (₹ Cr.) ⓘ | 130 | 130 |
| P/BV ⓘ | 1.19 | 1.19 |
| PE ⓘ | 0.00 | 0.00 |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 70.80 / 152.89 |
| All Time Low / High (₹) | 6.57 / 376.25 |
| Market Cap (₹ Cr.) | 183 |
| Equity (₹ Cr.) | 23.8 |
| Face Value (₹) | 10 |
| Industry PE ⓘ | 35.9 |
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 69 | 54 | 61 | 60 | 93 | 220 | 173 | 151 | 155 | 85 |
| Operating Expenses ⓘ | 73 | 54 | 60 | 77 | 112 | 210 | 166 | 144 | 152 | 83 |
| Manufacturing Costs | 57 | 45 | 34 | 23 | 44 | 148 | 115 | 83 | 63 | 45 |
| Material Costs | 9 | 4 | 21 | 42 | 41 | 54 | 39 | 46 | 74 | 27 |
| Employee Cost | 3 | 2 | 2 | 2 | 3 | 5 | 6 | 9 | 9 | 7 |
| Other Costs ⓘ | 4 | 4 | 3 | 10 | 23 | 3 | 5 | 6 | 6 | 4 |
| Operating Profit ⓘ | -4 | 0 | 1 | -17 | -19 | 11 | 7 | 7 | 2 | 2 |
| Operating Profit Margin (%) | -5.1% | -0.2% | 1.3% | -27.5% | -20.5% | 5.0% | 4.2% | 4.6% | 1.4% | 2.9% |
| Other Income ⓘ | 1 | 1 | 1 | 19 | 22 | 1 | 1 | 1 | 4 | 0 |
| Interest ⓘ | 16 | 5 | 0 | 1 | 1 | 2 | 3 | 2 | 1 | 1 |
| Depreciation ⓘ | 4 | 2 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| Exceptional Items ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 3 | -3 |
| Profit Before Tax ⓘ | -21 | -6 | 0 | 0 | 1 | 9 | 4 | 5 | 7 | -1 |
| Tax ⓘ | 0 | -7 | 0 | -1 | 0 | 2 | -1 | 0 | 0 | 0 |
| Profit After Tax | -21 | 1 | 0 | 1 | 1 | 7 | 5 | 5 | 7 | -1 |
| PAT Margin (%) | -30.3% | 1.5% | 0.1% | 2.1% | 0.6% | 3.1% | 2.9% | 3.0% | 4.8% | -1.3% |
| Adjusted EPS (₹) | -19.1 | 0.8 | 0.0 | 1.1 | 0.5 | 5.2 | 3.8 | 2.9 | 3.5 | -0.5 |
| Dividend Payout Ratio (%) | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | ||||||||||
| Shareholders Fund | 37 | 38 | 38 | 39 | 40 | 56 | 61 | 84 | 131 | 130 |
| Share Capital ⓘ | 11 | 11 | 11 | 11 | 11 | 13 | 13 | 16 | 21 | 21 |
| Reserves ⓘ | 26 | 27 | 27 | 28 | 29 | 43 | 48 | 68 | 109 | 108 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debt | 113 | 118 | 118 | 113 | 97 | 110 | 3 | 1 | 5 | 10 |
| Long Term Debt | 19 | 42 | 42 | 55 | 97 | 110 | 3 | 1 | 1 | 0 |
| Short Term Debt | 94 | 76 | 76 | 57 | 0 | 0 | 0 | 0 | 4 | 10 |
| Trade Payables | 21 | 17 | 18 | 17 | 18 | 39 | 38 | 40 | 44 | 31 |
| Others Liabilities ⓘ | 10 | 7 | 7 | 7 | 13 | 23 | 106 | 68 | 15 | 8 |
| Total Liabilities ⓘ | 182 | 180 | 181 | 176 | 168 | 229 | 209 | 192 | 194 | 179 |
Fixed Assets | ||||||||||
| Gross Block | 63 | 63 | 63 | 63 | 63 | 68 | 71 | 71 | 72 | 72 |
| Accumulated Depreciation | 46 | 48 | 50 | 51 | 51 | 52 | 53 | 55 | 56 | 56 |
| Net Fixed Assetsⓘ | 17 | 14 | 13 | 12 | 11 | 16 | 17 | 16 | 16 | 15 |
| CWIP ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investmentsⓘ | 19 | 19 | 19 | 27 | 27 | 27 | 27 | 9 | 10 | 10 |
| Inventories | 28 | 27 | 26 | 27 | 31 | 49 | 43 | 53 | 41 | 45 |
| Trade Receivables | 21 | 21 | 23 | 21 | 19 | 17 | 13 | 16 | 22 | 13 |
| Cash Equivalents | 5 | 5 | 5 | 6 | 9 | 28 | 15 | 4 | 5 | 6 |
| Others Assetsⓘ | 93 | 93 | 94 | 83 | 71 | 92 | 94 | 93 | 100 | 90 |
| Total Assets ⓘ | 182 | 180 | 181 | 176 | 168 | 229 | 209 | 192 | 194 | 179 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ | 2 | 0 | -1 | 14 | 17 | -14 | 26 | 2 | 9 | -3 |
| PBT ⓘ | -21 | -6 | 0 | 0 | 1 | 9 | 4 | 5 | 7 | -1 |
| Adjustment ⓘ | 19 | 7 | 1 | 2 | 2 | 3 | 4 | 2 | 1 | 2 |
| Changes in Working Capital ⓘ | 5 | -7 | -0 | 11 | 15 | -23 | 17 | -5 | 9 | -3 |
| Tax Paid ⓘ | 0 | 6 | -2 | 1 | 0 | -2 | 2 | 0 | -8 | -1 |
| Cash Flow From Investing Activity ⓘ | 6 | 0 | 0 | -7 | 1 | -5 | -2 | 18 | -1 | 0 |
| Capex | 0 | 0 | 0 | 0 | 0 | -6 | -3 | 0 | -1 | 0 |
| Net Investments | 5 | 0 | 0 | -8 | 0 | 0 | 0 | 18 | 0 | 0 |
| Others ⓘ | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 0 | 0 | 0 |
| Cash Flow From Financing Activityⓘ | -8 | 0 | 0 | -7 | -17 | 20 | -24 | -21 | -8 | 4 |
| Net Proceeds from Shares ⓘ | 0 | 0 | 0 | 0 | 0 | 9 | 0 | 0 | 0 | 0 |
| Net Proceeds from Borrowing ⓘ | 7 | 0 | 0 | 0 | 42 | 13 | 0 | 0 | 0 | 0 |
| Interest Paid ⓘ | -16 | -5 | 0 | -1 | -1 | -2 | -3 | -2 | 0 | -1 |
| Dividend Paid ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Others ⓘ | 0 | 5 | 0 | -5 | -57 | 0 | -21 | -19 | -8 | 5 |
| Net Cash Flow ⓘ | 0 | 0 | -1 | 0 | 1 | 2 | 1 | -1 | 1 | 1 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | -44.1 | 2.18 | 0.09 | 3.24 | 1.45 | 14.45 | 8.69 | 6.32 | 6.92 | -0.87 |
| ROCE (%) | -3.64 | -0.7 | 0.15 | 0.94 | 1.44 | 7.38 | 4.51 | 4.9 | 5.71 | -0.39 |
| Asset Turnover Ratio | 0.37 | 0.3 | 0.34 | 0.34 | 0.54 | 1.11 | 0.79 | 0.75 | 0.8 | 0.46 |
| PAT to CFO Conversion(x) | N/A | 0 | N/A | 14 | 17 | -2 | 5.2 | 0.4 | 1.29 | N/A | Working Capital Days |
| Receivable Days | 96 | 141 | 130 | 133 | 80 | 30 | 32 | 35 | 45 | 75 |
| Inventory Days | 159 | 185 | 158 | 162 | 114 | 66 | 97 | 116 | 111 | 184 |
| Payable Days | 795 | 1,962 | 306 | 154 | 160 | 195 | 357 | 306 | 204 | 499 |
Roman Tarmat was established in the year 1986 by its Promoter Director Jerry Varghese is an infrastructure construction company engaged in the business of construction of Highways and Runways. Their Company is headquartered at Mumbai with operations spread across the states of Maharashtra, Tamilnadu, Karnataka, Kerala, Mizoram, Gujarat and Delhi.
Their Company started its operations by taking up road works for Government Departments like Public Works Department (PWD), Maharashtra Industrial Development Corporation (MIDC) and BrihanMumbai Municipal Corporation (BMC). In the year 1988, they bagged their first major contract for construction of roads/ bituminous flexible pavement for the entire Nhava Sheva port and construction of rigid concrete pavement base with RCC beams and columns in container yard and completed the project within the stipulated period of 24 months.They provide engineering, procurement and construction services for infrastructure projects.
They constructed runways by taking up the work of strengthening of secondary runway 09/27 at Indira Gandhi International airport, New Delhi. They have also completed bituminous overlay of the runway at Vadodara Airport and upgradation of the main runway 09/27 at the Mumbai International Airport.
The Company has been accredited with “ISO 9001:2000†Quality Management System Certificate for construction of Highways and Airports. They have mainly worked on projects sponsored by Government or Government agencies, including the Central Government, State Governments and Municipalities.
Roman Tarmat has catered to the domestic and international airports, military air base and naval airports and established itself as a reputed & reliable runway contractor among its clients viz; AAI, MES, NAVY, MIDC etc. Some of the creditworthy projects handled by Roman Tarmat are the MES Vishakapatnam Naval airport – one of the longest runway in India, Jamnagar Airport, AAI Mumbai International Airport, Delhi IGI International Airport.
Roman Tarmat was the first to make a revolutionary change in the BMC for using Ready Mix Concrete in their road projects.
Current projects of the company:
Achievements/ recognition
MoneyWorks4Me rating and ranking of funds for SIP is available to subscribers only. Moneyworks4Me is not a rating and ranking agency, however it is required that users have a way of selecting funds and building a Portfolio. The method used by it are described below to enable users to understand the logic behind the rating and ranking Subscriber will find more details on this in the various content made available from time to time. In case you need more please write to besafe@moneyworks4Me.com
MoneyWorks4Me rates and ranks mutual funds based on the following data-driven system:
Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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