Tarmat enterprise value

Share price at each year-end

Tap a line for its trend	Currentlast 12M	FY26Mar 2026	FY25Mar 2025	FY24Mar 2024	FY23Mar 2023	FY22 and earlierAlpha Plus


130	—	—	—	—	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
124	—	—	—	—
−6.4	−6.4	−0.3	4.6	0.9
₹49.46	—	—	—	—

202	202	183	140	137
7.4%	7.4%	5.2%	7.4%	4.4%
0.12×	—	—	—	—

0.97×	—	—	—	—
15.06×	—	—	—	—
17.84×	—	—	—	—
16.48×	—	—	—	—
128	117	101	89.4	144
8.2	6.9	2.8	2.4	2.0
6.9	5.6	1.5	1.6	1.0
—	7.5	−9.2	−3.2	9.5
7.5	7.5	−15.1	−3.2	8.7
—	7.5	−15.1	−3.3	8.7
—	0.0	5.9	0.0	0.8

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From the company's filings with NSE and BSE (Ind-AS), consolidated. For information only, not investment advice.

alphave

TARMAT₹52.00

Tarmat Limited

· Infrastructure

₹ CrorePeersBRNL SADBHAV NIRAJ USK BCPL SEMAC RPPINFRA GLOBECIVILMcap ₹130 Cr

HighlightsEnterprise Value Multiples Per ShareAnnuals · FY-end closes

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	—	—	—	—	130.3
- 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	—	—	—	—	124.0
Net Debt (memo)	0.9	4.6	-0.3	-6.4	-6.4
EV per Share	—	—	—	—	49.46

Total Capital	136.7	139.9	182.8	201.7	201.7
Total Debt/Total Capital	4.36	7.35	5.22	7.45	7.45
Total Debt/EV	—	—	—	—	0.12

EV/Sales	—	—	—	—	0.97
EV/EBITDA	—	—	—	—	15.06
EV/EBIT	—	—	—	—	17.84
EV/Free Cash Flow	—	—	—	—	16.48
Reference Items — Trailing FY Values
Sales	143.7	89.4	101.3	117.4	128.2
EBITDA	2.0	2.4	2.8	6.9	8.2
EBIT	1.0	1.6	1.5	5.6	6.9
Operating Cash Flow	9.5	-3.2	-9.2	7.5	—
Free Cash Flow	8.7	-3.2	-15.1	7.5	7.5
FCFF (free cash flow to the firm)	8.7	-3.3	-15.1	7.5	—
Capital Expenditure	0.8	0.0	5.9	0.0	—

Market Cap/EV/multiples pair each (split/bonus-adjusted) FY-end close with the latest filed share count; Current column uses the last close. Market Capitalization is a market-level figure — identical across Consolidated/Standalone (the accounting rows below differ). No consensus estimates → no Est columns. Click any row to chart it.

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Data & compliance. Descriptive financial information from official NSE/BSE filings — for information and education only, not investment advice, a recommendation, or a valuation. Standalone = parent entity; consolidated includes subsidiaries. Historical multiples pair each fiscal year's filed figures with that FY-end market close; the Current column uses the last close with the latest filed annuals. Figures are cross-verified via accounting identities and NSE×BSE agreement — XBRL cross-verified ✓ 95%.