| ₹ crore | Q1 FY27 | Q1 FY26 | Change |
|---|---|---|---|
| Revenue | 35.8 | 24.9 | +43.6% |
| EBITDA | 2.5 | 1.1 | +121.1% |
| EBITDA margin | 6.9% | 4.5% | +2.4 pts |
| Profit before tax | 1.9 | 0.6 | +197.6% |
| Net profit | 1.5 | 0.7 | +121.0% |
| EPS | ₹0.62 | ₹0.30 | +106.7% |
Amounts on the left scale in ₹ crore; per cent on the right, dashed. L = lakh crore, K = thousand crore. Touch the chart to read any period.
| Tap a line for its trend | Currentlast 12M | FY26Mar 2026 | FY25Mar 2025 | FY24Mar 2024 | FY23Mar 2023 | FY22 and earlierAlpha Plus |
|---|
| 138 | — | — | — | — | FY22 and earlierEvery year the company has filed comes with Alpha Plus. | |
| 21.4 | 21.4 | 9.8 | 5.7 | 5.0 | ||
| 15.0 | 15.0 | 9.5 | 10.3 | 6.0 | ||
| 132 | — | — | — | — | ||
| 128 | 117 | 101 | 89.4 | 144 | ||
| — | +15.9% | +13.4% | −37.8% | — | ||
| 8.2 | 6.9 | 2.8 | 2.4 | 2.0 | ||
| 6.4% | 5.9% | 2.8% | 2.7% | 1.4% | ||
| 6.9 | 5.6 | 1.5 | 1.6 | 1.0 | ||
| 7.1 | 6.2 | 1.9 | −1.1 | 7.4 | ||
| 5.5% | 5.3% | 1.9% | −1.3% | 5.2% | ||
| ₹2.83 | ₹2.49 | ₹0.75 | −₹0.45 | ₹2.96 | ||
| — | +234.0% | +265.1% | −115.3% | — | ||
| — | 7.5 | −9.2 | −3.2 | 9.5 | ||
| — | 0.0 | −5.9 | −0.0 | −0.8 | ||
| 7.5 | 7.5 | −15.1 | −3.2 | 8.7 | ||
From the company's filings with NSE and BSE (Ind-AS), consolidated. For information only, not investment advice.
In ₹ Crore except Per Share 12 Months Ending | FY23 31/03/2023 | FY24 31/03/2024 | FY25 31/03/2025 | FY26 31/03/2026 | Current/LTM TTM · last close | |
|---|---|---|---|---|---|---|
| Market Capitalization | — | — | — | — | 138.1 | |
| - Cash, Equiv & ST Investments | 5.0 | 5.7 | 9.8 | 21.4 | 21.4 | |
| + Total Debt | 6.0 | 10.3 | 9.5 | 15.0 | 15.0 | |
| Enterprise Value | — | — | — | — | 131.7 | |
| Revenue | 143.7 | 89.4 | 101.3 | 117.4 | 128.2 | |
| Growth %, YoY | — | -37.8 | +13.4 | +15.9 | — | |
| EBITDA | 2.0 | 2.4 | 2.8 | 6.9 | 8.2 | |
| Margin % | 1.41 | 2.70 | 2.75 | 5.86 | 6.42 | |
| EBIT | 1.0 | 1.6 | 1.5 | 5.6 | 6.9 | |
| Net Income | 7.4 | -1.1 | 1.9 | 6.2 | 7.1 | |
| Margin % | 5.16 | -1.27 | 1.85 | 5.32 | 5.52 | |
| EPS, Adj (current shares) | 2.96 | -0.45 | 0.75 | 2.49 | 2.83 | |
| Growth %, YoY | — | -115.3 | +265.1 | +234.0 | — | |
| Cash from Operations | 9.5 | -3.2 | -9.2 | 7.5 | — | |
| Capital Expenditures | -0.8 | -0.0 | -5.9 | -0.0 | — | |
| Free Cash Flow | 8.7 | -3.2 | -15.1 | 7.5 | 7.5 | |
Prices at the 29 October 2026 close · figures from the company's filings with NSE
Tarmat (NSE: TARMAT) had a market capitalisation of ₹132 crore at the 29 October 2026 close (₹53.37 a share), a PE ratio of 18.6 on the last four quarters' profit and a price-to-book ratio of 0.71. In FY26 its consolidated net profit was ₹6.2 crore on revenue of ₹117 crore; in Q1 FY27 (April–June 2026) it was ₹1.5 crore, up 121.0% year on year. Its debt-to-equity ratio was 0.08 on 31 March 2026. Promoters held 29.11% of the shares on 30 September 2026.
Tarmat's PE ratio is 18.6 at the 29 October 2026 close (₹53.37 a share): a market capitalisation of ₹132 crore divided by consolidated net profit of ₹7.1 crore over the last four quarters (Q2 FY26 to Q1 FY27). On FY26 net profit (₹6.2 crore) it is 21.1.
Tarmat's net worth — shareholders' equity in its consolidated balance sheet — was ₹187 crore on 31 March 2026, up 7.8% from ₹173 crore a year earlier. Its market value is a different figure: a market capitalisation of ₹132 crore at the 29 October 2026 close.
Tarmat's book value per share was ₹75.49 on 31 March 2026: shareholders' equity of ₹187 crore divided by the 2.47 crore shares in issue, up 4.8% from ₹72.00 a year earlier. The share price at the 29 October 2026 close was ₹53.37.
Tarmat's price-to-book (PB) ratio is 0.71 at the 29 October 2026 close: a market capitalisation of ₹132 crore divided by shareholders' equity (book value) of ₹187 crore on 31 March 2026. That is a book value of ₹75.49 per share against a share price of ₹53.37.
In FY26, Tarmat's return on equity (ROE) was 3.5% and its return on capital employed (ROCE) was 3.0%. ROE is net profit divided by average shareholders' equity (the start and end of the year); ROCE is operating profit (EBIT) divided by average capital employed (total assets less current liabilities). In FY25, ROE was 1.2% and ROCE 1.0%.
Promoters held 29.11% of Tarmat on 30 September 2026, up 0.06 percentage points from 29.05% the previous quarter and down 0.72 percentage points from 29.83% a year earlier, according to the shareholding pattern filed with NSE.
Tarmat's market capitalisation was ₹132 crore at the 29 October 2026 close: 2.47 crore shares at ₹53.37 each.
Tarmat's debt-to-equity ratio was 0.08 on 31 March 2026: borrowings of ₹15 crore against total equity of ₹187 crore. A year earlier, on 31 March 2025, it was 0.06.
Tarmat's basic earnings per share (EPS) were ₹2.51 in FY26, against ₹0.63 in FY25. Over the last four quarters (Q2 FY26 to Q1 FY27) they add up to ₹2.87.
No. Tarmat had borrowings of ₹15 crore on 31 March 2026 (consolidated balance sheet), a debt-to-equity ratio of 0.08. Its cash and current investments were ₹21.4 crore, so it held net cash of ₹6.4 crore.
In FY26, Tarmat generated ₹7.5 crore of cash from operations and spent ₹0 lakh on capital expenditure (property, plant, equipment and intangibles), leaving free cash flow of ₹7.5 crore. In FY25 it was −₹15.1 crore.
Tarmat's latest results are for Q1 FY27 (April–June 2026), filed on 14 August 2026: consolidated net profit ₹1.5 crore, up 121.0% from ₹69 lakh in Q1 FY26; revenue from operations ₹35.8 crore, up 43.6% year on year.
On 30 September 2026, Tarmat's shares were held by promoters 29.11%, foreign portfolio investors (FII/FPI) 1.81% and retail and other non-institutional investors 69.08%. Over the year, FII holding was down 1.11 percentage points from 2.92%.
In FY26 (April 2025–March 2026), Tarmat's consolidated net profit was ₹6.2 crore, up 234.0% from ₹1.9 crore in FY25, on revenue from operations of ₹117 crore (up 15.9%). Over three years, from FY23, net profit was down 15.8%.
Tarmat has not yet announced the date of its Q2 FY27 results (July–September 2026); under SEBI's listing rules (Regulation 33) they are due by 14 November 2026.
On FY26 consolidated figures, against Bharat Road Network, Sadbhav Engineering and Niraj Cement Structurals: Tarmat's operating margin of 4.8% is the second highest of the four (Bharat Road Network −58.3%, Sadbhav Engineering 40.3%, Niraj Cement Structurals 3.1%; peer average −5.0%); its revenue growth over three years of −6.5% a year is the second highest of the four (Bharat Road Network −22.1% a year, Sadbhav Engineering −18.2% a year, Niraj Cement Structurals −3.7% a year; peer average −14.7% a year).
In FY26, Tarmat earned net profit of ₹6.2 crore on revenue of ₹117 crore, against ₹29.6 crore on ₹154 crore for Bharat Road Network. Tarmat's operating margin was 4.8% (Bharat Road Network −58.3%) and its return on equity 3.5% (Bharat Road Network −8.1%). At the 29 October 2026 close, Tarmat's market capitalisation was ₹132 crore against ₹115 crore for Bharat Road Network.
From Tarmat's own consolidated results, balance sheets and shareholding patterns filed with NSE, and NSE prices (the latest used here: the 29 October 2026 close). Ratios are calculated by Alphave from those filings as each answer describes.
Consolidated figures from the company's filings with NSE; prices are NSE closing prices.