Tarmat Limited (TARMAT) Fair Value & Analysis
Industrials · IN · Market cap ₹1.2B
Fair value as of: Jul 3, 2026
From 13 valuation models · updated today
Share price −5.5% over the past month.
Price vs Fair Value (12 months)
12‑month range ₹47.48 – ₹71.14 · fair‑value band ₹31.75 – ₹51.44 · the ₹49.09 price screens above the ₹42.34 fair value. As of Jul 3, 2026.
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Tarmat Limited (TARMAT) currently trades at ₹49.09, while our model-based Fair Value estimate is ₹42.34 — implying the stock looks roughly 13.8% overvalued today. We read business quality at 48/100 (below-average quality), in the Industrials sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium — the entry price still matters most (evidence: medium).
Over the trailing twelve months, Tarmat Limited generated revenue of ₹1.2B at a net margin of 5.3%. Revenue grew 12.4% year over year. It earns a return on equity of 3.5%. The balance sheet holds a net cash position of ₹63.8M. Fundamentals as of Jul 3, 2026
Key figures & financial health
More key figures
Figures from reported company fundamentals (EODHD) · as of Jul 3, 2026. TTM = trailing twelve months.
About the company
Tarmat Limited engages in the construction of airfield and national/state highways in India. The company undertakes various construction works, including airport runways, highways, and railways; and develops infrastructure projects, such as ports, industrial area developments, refineries, etc., as well as parking bays and taxi track related work. It also develops real estate properties; and provides engineering, procurement, and construction services for infrastructure projects. The company was formerly known as Roman Tarmat Limited and changed its name to Tarmat Limited in September 2012. Tarmat Limited was incorporated in 1986 and is based in Mumbai, India.
Revenue & earnings trend
FY2022 – FY2026 · reported fiscal years
Tarmat Limited reported revenue of ₹1.2B in FY2026 versus ₹1.8B in FY2022, a compound −10.3%/yr. Reported net income was ₹62.4M in FY2026, compounding +8.1%/yr from FY2022.
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How we calculate Fair Value
Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data — nothing guessed.
Educational research only · not financial advice · no buy/sell recommendation. Model-based estimates are not certainties; their reliability depends on data quality and assumptions.