Stock engaged in providing engineering, procurement, and construction services for infrastructure projects like Highways, Runways, airfields, military airbases and many more hit a 5 percent upper circuit in the day’s trade upon receiving work order worth Rs. 33.53 Crores.
Price Action (WA:ACT)
With a market capitalization of Rs. 180 Crores, the shares of Tarmat Ltd (NS:TARM) were trading at Rs. 84.58 per equity share, up 4.43 percent from its previous day’s close price of Rs. 80.99.
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What Happened
Tarmat Limited engaged in providing EPC services for the construction of Highways, Runways, airfields, parking bays, and many more has received a new work order from Mumbai International Airport Limited.
The said work order is for providing Civil Works for the Strengthening and Construction of Perimeter Road on the Airside at Chhatrapati Shivaji Maharaj International Airport (CSMIA), Mumbai for a consideration of ~Rs. 33.53 Crores and it is to be executed within 12 months.
About the Company
Tarmat Limited is engaged in providing engineering, procurement and construction services for infrastructure projects like Highways, Runways, airfields, military airbase, parking bays, aprons, taxiways, and many more.
Financials & Ratios
Its Revenue from operations grew by 2.4 percent from Rs. 21.27 Crores in Q1FY24 to Rs. 21.78 Crores in Q1FY25, accompanied by profits of Rs. 80 Lakhs to Rs. 55 Lakhs.
In terms of Return ratios, it has reported a return on equity (ROE) of 1.14 percent, and a return on capital employed (ROCE) of 1.5 percent. It has reported a debt-to-equity ratio of 0.08.
Written by: Bharath K.S
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