Tarmat Limited
TARMAT.NS
National Stock Exchange of India50.31
INR
+0.60
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Tarmat Limited
TARMAT.NS
(National Stock Exchange of India)
Recent
price
50.31
P/E
ratio
- -
div
yld
- -
ROIC.AI
Capital Structure
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in mil. unless spec.- Similar Companies
- Business
- Tarmat Limited (NSE: TARMAT) is an India-based infrastructure company primarily engaged in the construction of airport runways, highways, airfields, railways, and related civil engineering projects. The company offers engineering, procurement, and construction (EPC) services for infrastructure developments including ports, industrial areas, refineries, parking bays, taxi tracks, aprons, and real estate properties; its core offerings encompass runway resurfacing, extension and strengthening, taxiway construction and upgradation, apron development, and highway construction works sponsored by government agencies such as Airports Authority of India, Military Engineering Services, and state public works departments. Tarmat operates across key business segments of airports, highways, infrastructure, railways, and real estate, serving domestic and international airports, military air bases, naval airports, and national/state highways primarily in India with geographic presence in states including Maharashtra, Tamil Nadu, Karnataka, Kerala, Mizoram, Gujarat, and Delhi. Founded in 1986 by Promoter Director Mr. Jerry Varghese and headquartered at Gen. A. K. Vaidya Marg, Near Wagheshwari Mandir, Off Film City Road, Malad (East), Mumbai 400 097, India, the company was originally incorporated as Jerry Varghese Constructions Private Limited, later renamed Roman Tarmat Limited, and changed to its current name in September 2012. Tarmat holds ISO 9001:2008 Quality Management System certification and focuses on government-backed projects, including notable executions such as resurfacing of runways at Air Force Stations Maharajpur and Awantipur, apron construction at Bangalore International Airport, taxi track works at Chennai Airport, and runway extensions at Trichy and Trivandrum Airports. In recent developments, Tarmat received INR 222.19 million in funding from a group of investors in April 2024 to support its operations. The company published its Q3 2025 financial results in late 2025, reflecting ongoing performance in its infrastructure segments, and appointed Dr. Kishanrao Marutirao Godbole as an Independent Non-Executive Director effective September 2024 during its 39th Annual General Meeting. Additionally, Tarmat continues to expand its real estate foray with a 500,000 sq ft development project in Goregaon near Oberoi Mall, Mumbai, while maintaining its focus on airport and highway EPC contracts amid active order books for military and civilian aviation infrastructure.