Comparison · NSE · data 2026-11-02
Niraj Cement Structurals Limited vs Tarmat Ltd.
In plain words
Size: Niraj Cement Structurals Limited is about 1.1 times the market value of Tarmat Ltd..
Valuation (P/E): Tarmat Ltd. 18.3 vs Niraj Cement Structurals Limited 6.
Return on equity: Niraj Cement Structurals Limited 8.3% vs Tarmat Ltd. 3.5%.
Profit growth over 3 years: Niraj Cement Structurals Limited 69.7% a year vs Tarmat Ltd. -5.6% a year.
Debt to equity: Niraj Cement Structurals Limited 0.29 vs Tarmat Ltd. 0.08.
Differences in the numbers, not a recommendation of either stock.
Side by side
| NIRAJ | TARMAT | |
|---|---|---|
| Price | ₹23.99 | ₹52.5 |
| Market cap | ₹146 cr | ₹136 cr |
| P/E | 6 | 18.3 |
| P/B | — | — |
| ROE | 8.3% | 3.5% |
| ROCE | 6.7% | 3.0% |
| Debt / equity | 0.29 | 0.08 |
| Operating margin | 3.5% | 5.4% |
| Dividend yield | 0.00% | 0.00% |
| Sales growth, 3 years (yearly) | -3.7% | -6.5% |
| Profit growth, 3 years (yearly) | 69.7% | -5.6% |
| 1-year return | -25.0% | 0.5% |
| Revenue, last 12 months | ₹552 cr | ₹128 cr |
| Net profit, last 12 months | ₹24 cr | ₹7 cr |
| Latest quarter | Jun 2026 | Jun 2026 |
| Quarter net profit | ₹4 cr | ₹2 cr |
| Quarter profit vs a year earlier | +257.0% | +121.7% |
| Promoter holding | 24.93% | 29.11% |
| Health check | Average (5.6/10) | Average (4.2/10) |
Common questions
Which has a higher P/E, Niraj Cement Structurals Limited or Tarmat Ltd.?
Tarmat Ltd. trades at the higher P/E (18.3 against 6). A higher P/E means the market pays more for each rupee of past earnings; on its own it does not say which is better.
Which earns a higher return on equity?
Niraj Cement Structurals Limited (8.3% against 3.5%).
Which carries more debt?
Niraj Cement Structurals Limited has the higher debt-to-equity ratio (0.29 against 0.08).