Tarmat Limited
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 provi… Read more
Tarmat Limited (TARMAT) - Net Assets
Latest net assets as of September 2025: ₹1.75 Billion INR
Based on the latest financial reports, Tarmat Limited (TARMAT) has net assets worth ₹1.75 Billion INR as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (₹2.35 Billion) and total liabilities (₹599.51 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ₹1.75 Billion |
| % of Total Assets | 74.53% |
| Annual Growth Rate | 11.56% |
| 5-Year Change | 182.69% |
| 10-Year Change | 356.67% |
| Growth Volatility | 35.22 |
Tarmat Limited - Net Assets Trend (2005–2025)
This chart illustrates how Tarmat Limited's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Tarmat Limited (2005–2025)
The table below shows the annual net assets of Tarmat Limited from 2005 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-03-31 | ₹1.73 Billion | +33.66% |
| 2024-03-31 | ₹1.30 Billion | -0.83% |
| 2023-03-31 | ₹1.31 Billion | +39.70% |
| 2022-03-31 | ₹935.75 Million | +52.67% |
| 2021-03-31 | ₹612.92 Million | +9.17% |
| 2020-03-31 | ₹561.46 Million | +41.09% |
| 2019-03-31 | ₹397.94 Million | +1.47% |
| 2018-03-31 | ₹392.16 Million | +3.26% |
| 2017-03-31 | ₹379.76 Million | +0.09% |
| 2016-03-31 | ₹379.42 Million | +2.20% |
| 2015-03-31 | ₹371.25 Million | -36.08% |
| 2014-03-31 | ₹580.80 Million | -27.85% |
| 2013-03-31 | ₹805.04 Million | -24.61% |
| 2012-03-31 | ₹1.07 Billion | -3.46% |
| 2011-03-31 | ₹1.11 Billion | +0.23% |
| 2010-03-31 | ₹1.10 Billion | +0.93% |
| 2009-03-31 | ₹1.09 Billion | +0.89% |
| 2008-03-31 | ₹1.08 Billion | +104.69% |
| 2007-03-31 | ₹529.46 Million | +83.23% |
| 2006-03-31 | ₹288.96 Million | +48.59% |
| 2005-03-31 | ₹194.46 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Tarmat Limited's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 8573500000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (March 2025)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | ₹240.64 Million | 13.89% |
| Other Comprehensive Income | ₹157.26 Million | 9.08% |
| Other Components | ₹1.42 Billion | 81.98% |
| Total Equity | ₹1.73 Billion | 100.00% |
Tarmat Limited Competitors by Market Cap
The table below lists competitors of Tarmat Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Skin Elements Ltd
AU:SKN
|
$4.15 Million |
|
Panatlântica S.A
SA:PATI3
|
$4.15 Million |
|
Elektrocieplownia Bedzin
WAR:BDZ
|
$4.15 Million |
|
Unibap AB
ST:UNIBAP
|
$4.15 Million |
|
Bal Pharma Limited
NSE:BALPHARMA
|
$4.15 Million |
|
Better Choice Company Inc
NYSE MKT:BTTR
|
$4.15 Million |
|
Agro Phos India Limited
NSE:AGROPHOS
|
$4.15 Million |
|
Asra Minerals Ltd
AU:ASR
|
$4.15 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Tarmat Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 1,296,364,000 to 1,732,690,000, a change of 436,326,000 (33.7%).
- Net income of 18,690,000 contributed positively to equity growth.
- Share repurchases of 418,125,000 reduced equity.
- New share issuances of 418,125,000 increased equity.
- Other comprehensive income increased equity by 156,416,000.
- Other factors increased equity by 261,220,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₹18.69 Million | +1.08% |
| Share Repurchases | ₹418.12 Million | -24.13% |
| Share Issuances | ₹418.12 Million | +24.13% |
| Other Comprehensive Income | ₹156.42 Million | +9.03% |
| Other Changes | ₹261.22 Million | +15.08% |
| Total Change | ₹- | 33.66% |
Book Value vs Market Value Analysis
This analysis compares Tarmat Limited's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.86x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has decreased from 1.50x to 0.86x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2005-03-31 | ₹35.10 | ₹52.79 | x |
| 2006-03-31 | ₹52.15 | ₹52.79 | x |
| 2007-03-31 | ₹48.31 | ₹52.79 | x |
| 2008-03-31 | ₹109.17 | ₹52.79 | x |
| 2009-03-31 | ₹99.75 | ₹52.79 | x |
| 2010-03-31 | ₹100.68 | ₹52.79 | x |
| 2011-03-31 | ₹100.91 | ₹52.79 | x |
| 2012-03-31 | ₹97.42 | ₹52.79 | x |
| 2013-03-31 | ₹73.45 | ₹52.79 | x |
| 2014-03-31 | ₹52.99 | ₹52.79 | x |
| 2015-03-31 | ₹33.87 | ₹52.79 | x |
| 2016-03-31 | ₹34.62 | ₹52.79 | x |
| 2017-03-31 | ₹34.65 | ₹52.79 | x |
| 2018-03-31 | ₹35.78 | ₹52.79 | x |
| 2019-03-31 | ₹36.31 | ₹52.79 | x |
| 2020-03-31 | ₹42.10 | ₹52.79 | x |
| 2021-03-31 | ₹45.96 | ₹52.79 | x |
| 2022-03-31 | ₹59.22 | ₹52.79 | x |
| 2023-03-31 | ₹61.33 | ₹52.79 | x |
| 2024-03-31 | ₹58.41 | ₹52.79 | x |
| 2025-03-31 | ₹61.64 | ₹52.79 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Tarmat Limited utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 1.08%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 1.85%
- • Asset Turnover: 0.43x
- • Equity Multiplier: 1.36x
- Recent ROE (1.08%) is above the historical average (-0.51%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2005 | 18.92% | 4.89% | 1.27x | 3.05x | ₹17.34 Million |
| 2006 | 34.09% | 11.97% | 1.21x | 2.35x | ₹69.61 Million |
| 2007 | 19.74% | 8.98% | 1.01x | 2.18x | ₹51.56 Million |
| 2008 | 5.48% | 4.55% | 0.70x | 1.72x | ₹-49.01 Million |
| 2009 | 2.05% | 1.45% | 0.83x | 1.71x | ₹-86.91 Million |
| 2010 | 2.08% | 1.88% | 0.72x | 1.54x | ₹-87.37 Million |
| 2011 | 0.23% | 0.28% | 0.45x | 1.76x | ₹-108.11 Million |
| 2012 | -3.58% | -1.99% | 1.00x | 1.81x | ₹-145.03 Million |
| 2013 | -32.64% | -17.00% | 0.86x | 2.25x | ₹-343.24 Million |
| 2014 | -38.61% | -21.29% | 0.55x | 3.30x | ₹-282.32 Million |
| 2015 | -56.44% | -31.65% | 0.36x | 4.90x | ₹-246.67 Million |
| 2016 | 1.87% | 0.78% | 0.49x | 4.92x | ₹-30.84 Million |
| 2017 | 0.09% | 0.04% | 0.41x | 5.05x | ₹-37.63 Million |
| 2018 | 3.16% | 0.60% | 0.79x | 6.63x | ₹-26.82 Million |
| 2019 | 1.45% | 0.44% | 0.68x | 4.87x | ₹-34.01 Million |
| 2020 | 12.24% | 2.49% | 1.02x | 4.80x | ₹12.57 Million |
| 2021 | 8.40% | 2.63% | 0.84x | 3.79x | ₹-9.83 Million |
| 2022 | 4.89% | 2.53% | 0.82x | 2.35x | ₹-47.81 Million |
| 2023 | 5.67% | 5.16% | 0.67x | 1.63x | ₹-56.57 Million |
| 2024 | -0.87% | -1.27% | 0.45x | 1.53x | ₹-140.96 Million |
| 2025 | 1.08% | 1.85% | 0.43x | 1.36x | ₹-154.58 Million |
Industry Comparison
This section compares Tarmat Limited's net assets metrics with peer companies in the Engineering & Construction industry.
Industry Context
- Industry: Engineering & Construction
- Average net assets among peers: $12,268,288,557
- Average return on equity (ROE) among peers: 4.01%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Tarmat Limited (TARMAT) | ₹1.75 Billion | 18.92% | 0.34x | $4.15 Million |
| A2Z Infra Engineering Limited (A2ZINFRA) | $11.77 Billion | 6.75% | 0.79x | $18.39 Million |
| ABINFRA (ABINFRA) | $815.46 Million | 14.00% | 0.92x | $1.98K |
| AFCONS INFRASTRUCTURE LTD (AFCONS) | $52.62 Billion | 9.25% | 2.25x | $518.63 Million |
| Ahluwalia Contracts (India) Limited (AHLUCONT) | $17.98 Billion | 11.24% | 1.06x | $202.86 Million |
| Akash Infra-Projects Limited (AKASH) | $823.15 Million | 2.82% | 0.82x | $1.17 Million |
| Ashoka Buildcon Limited (ASHOKA) | $24.25 Billion | 20.75% | 6.89x | $166.24 Million |
| Atal Realtech Limited (ATALREAL) | $377.12 Million | 5.69% | 0.53x | $2.54K |
| AXISCADES Technologies Limited (AXISCADES) | $3.44 Billion | -1.52% | 1.63x | $262.35 Million |
| BGR Energy Systems Limited (BGRENERGY) | $5.37 Billion | -34.09% | 8.98x | $119.54 Million |
| B. L. Kashyap and Sons Limited (BLKASHYAP) | $5.24 Billion | 5.25% | 1.89x | $42.74 Million |