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TARMAT
PE (Price/Earnings) Ratio

The Current P/E Ratio of TARMAT is 19.60.

Share Price ₹55.3Nov 13,2026
Market Cap ₹138.8 Cr
Earnings-TTM₹7.1 CrTTM-Consolidated Results
Price/Earnings19.60xCalculated as Market Cap/Earnings
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Definition & Calculation of PE (Price/Earnings) ratio of TARMAT

Price-to-Earnings ratio, P/E Multiple, or P/E Ratio is an important valuation multiple that is defined as:

P/E = Market Capitalization / Net Income

or, using per-share numbers:

P/E = Stock Price / Earnings Per Share (EPS)

Applying the above formula, P/E ratio of TARMAT is calculated as :

Current Market Cap [ ₹138.8 Cr] as on Nov 13,2026

(/) Earnings [ ₹7.1 Cr] based on TTM-Consolidated Results

(=) P/E Ratio [ 19.60x ]

P/E Ratio indicates the multiple of earnings investors are willing to pay to own one share of the company.

Thus, for TARMAT , the investors are currently willing to pay 19.60 times earnings to own 1 share of the company.

PE Multiples are the most widely used valuation multiple in practice.

Since P/E ratio uses Net Income in the calculation, P/E multiples are not always reliable for valuing companies with negative earnings.

In such cases, you may consider using Price to Book ratio or Price to Sales ratio of TARMAT !

P/E ratios, also, would not adjust for differences in the capital structure between companies.

The chart below summarizes the trend in P/E Ratio of TARMAT over the last five years.

Historical PE (Price/Earnings) ratio chart of TARMAT


PE Ratio Performance Analysis for TARMAT

- TARMAT 's latest p/e ratio is 19.60x.

- TARMAT 's p/e ratio for fiscal years ending Mar2026 to Mar2022 averaged 25.66x.

- TARMAT 's operated at median p/e ratio of 20.71x from fiscal years ending March 2018 to 2022.

- Looking back at the last 5 fiscal years, TARMAT 's p/e ratio peaked in Mar2025 at 65.52x.

- TARMAT 's p/e ratio hit its five-year low in Mar2024 of 0x.


How does TARMAT 's P/E Ratio benchmark against top 10 peers in Engineering - Construction Industry?

Peer Comparison (Engineering - Construction Industry)Earnings-TTM (Cr)PE RatioMarket Cap
TARMAT 7.0819.60138.8
LARSEN & TOUBRO LTD21,044.8027.06569,492.0
RAIL VIKAS NIGAM LTD821.9650.5941,585.7
IRB INFRASTRUCTURE DEVELOPERS LTD1,073.6321.0922,646.2
KALPATARU PROJECTS INTERNATIONAL LTD1,183.1319.4322,993.7
CEMINDIA PROJECTS LTD624.7438.7624,214.7
TECHNO ELECTRIC & ENGINEERING COMPANY LTD485.5022.9811,156.6
ENGINEERS INDIA LTD753.5623.2917,549.8
IRCON INTERNATIONAL LTD463.8722.5410,454.8
KEC INTERNATIONAL LTD422.6121.018,879.1
AFCONS INFRASTRUCTURE LTD79.65102.468,161.1

Engineering - Construction Industry Benchmark (Top 10) PE Analysis vs TARMAT 's P/E Ratio

Top 10 Industry PeersPE Ratio
Min industry PE 19.43x
Max industry PE 102.46x
Median industry PE 22.98x
Average industry PE 33.53x



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