The shares of this infrastructure company hit 5 percent upper circuit after the company received a significant work order from Maharashtra State Infrastructure Development Corporation worth Rs 139 crore.
With a market capitalization of Rs 190.61 crore, the shares of Tarmat Ltd were trading at Rs 89.43 per share, increasing around 5 percent as compared to the previous closing period of Rs 85.18 apiece.
Reason for rise:-
Today the company shares have seen drastic movement after Tarmat Ltd received a significant work order from the Maharashtra State Infrastructure Development Corporation for the construction of a concrete pavement road & reconstruction & widening of bridges & culverts for the Revdanda Bridge to Borli to Murud. Total Length 29.400 Km. worth Rs 139 crore.
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Financial performance:-
Looking forward the company’s financial condition, revenue ramped up by 2 percent from Rs 21.27 crore in Q1FY24 to Rs 21.78 crore in Q1FY25, during the same time frame net profit plummeted by 31 percent from Rs 0.80 crore to Rs 0.55 crore.
Ratio analysis:-
The company’s critical ratios show that the return on equity declined from 5.67 percent in FY22-23 to 0.87 percent in FY23-24, while the return on capital employed declined from 3.88 percent to 1.54 percent. The net profit margin (NPM) for fiscal year 23-24 is 1.26 percent.
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Shareholding pattern:-
In the company’s recent shareholding pattern, the Promoter owns 33.24 percent while Retail shareholders own a 66.69 percent stake in the company and foreign Institutional Investors own a 0.07 percent stake.
Company Profile:-
Tarmat Limited constructs roadways and runways. The company has one business segment: construction. The company offers services such as airport runways, real estate, roadways, trains, and infrastructure.
Written by:- Abhishek Singh
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