Tahmar Enterprises (BSE: TAHMARENT) is loss-making over the last 12 months, losing ₹4.26 Cr, so a P/E ratio does not apply. Its share price on 6 Nov 2026 was ₹4.75, 72% below its 52-week high. Sales fell 3.5% a year over 3 years. Debt is 0.49× equity. It is a small-cap company with a market cap of ₹74 Cr, ranked 26th of 43 Paper & Paper Products companies by market cap; the shares fell 62% over the past year.
- ₹4.75
- ₹4.75
- ₹4.75
- ₹4.53
- 2 L
Health check
- ReturnsBehind
−62.0% over a year, better than 0 of 7 peers.
- Price tagLoss-making
Earnings were negative over the last 12 months.
- GrowthShrinking
Sales −3.5% a year over 3 years.
- ProfitabilityNegative
ROCE -3.3% vs peer median 6.0%.
- Balance sheetStretched
Debt 0.49× equity, operating profit doesn’t cover interest, Piotroski 3 of 9.
- Red flags5 to check
Loss-making over the last twelve months.
Small cap
Defensive
Key metrics
- Market cap
- ₹74 Cr
- Small cap
- P/E
- n/a
- Industry 14.0
- Price to book
- 0.91
- Peers 1.16
- Dividend yield
- 0.00%
- ROE
- −6.8%
- Peers 5.8%
- ROCE
- −3.3%
- Peers 6.0%
- Debt to equity
- 0.49
- Debt ₹40 Cr
- EPS (TTM)
- −₹2.35
- OPM (TTM)
- −852.2%
- Net margin 0.0%
- Sales growth
- −73.6%
- Latest quarter vs a year ago
- Profit growth
- n/a
- Year-ago quarter not reported
- Price to sales
- 97.04
- EV/EBITDA −12.0
Strengths and risks
Risks to check
- Loss-making over the last twelve months.
- Return on equity is low at −6.8%.
- Quarterly sales down 73.6% on a year ago.
- 72% below its 52-week high.
- Interest coverage of only −1.8×.
About Tahmar Enterprises
Tahmar Enterprises Limited engages in the ethanol and distillery operations business in India. The company provides rectified spirit and grain extra neutral alcohol; fuel ethanol; Indian made foreign liquor; country liquor and Maharashtra made liquor; dried distillers grain solids; distillers wet grains soluble; and fusel oil, as well as starch, starch-related derivatives, and agro-based animal feed products. The company was formerly known as Sarda Papers…
- Headquarters
- Panaji
- Employees
- 25
- Sector
- Basic Materials
- ISIN
- INE385D01029
- Website
- tahmar.in
Price range
- Avg volume (3M)
- 91.6K
- 1-year return
- minus 62.0%
- From 52-week high
- minus 71.7%
Peers · Paper & Paper Products
| Company | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| JKPAPERJK Paper | 368.00 | minus 0.90% | 6,673 | 18.9 | 9.2 | 6.2% | 10.1% | 0.43 | 2.8% | minus 3.9% |
| WSTCSTPAPRWest Coast Paper Mills | 738.15 | minus 11.24% | 4,875 | 21.2 | 9.7 | 5.9% | 11.5% | 0.08 | −4.5% | plus 84.7% |
| SESHAPAPERSeshasayee Paper and Boards | 216.45 | minus 0.48% | 1,365 | 11.0 | 8.5 | 4.4% | 7.0% | – | −6.3% | minus 15.5% |
| ANDHRAPAPANDHRA PAPER | 61.52 | minus 1.96% | 1,223 | 23.4 | 10.7 | 1.9% | 4.8% | 0.15 | −6.7% | minus 19.1% |
| NRAILN R Agarwal Industries | 673.00 | minus 0.25% | 1,145 | 18.4 | 10.8 | 7.7% | 9.9% | 1.01 | 6.9% | plus 43.2% |
| TNPLTamil Nadu Newsprint & Papers | 136.26 | minus 2.23% | 943 | 3.6 | 4.9 | 6.3% | 10.2% | 0.70 | −3.6% | minus 8.9% |
| PDMJEPAPERPudumjee Paper Products | 87.80 | minus 0.93% | 834 | 9.2 | 5.4 | – | 14.3% | 0.05 | 2.1% | minus 24.4% |
| TAHMARENTTahmar Enterprises | 4.75 | plus 4.86% | 74 | – | – | −3.3% | −852.2% | 0.49 | −3.5% | minus 62.0% |
| Median of 7 peers | – | −0.93% | 1,223 | 18.4 | 9.2 | 6.0% | 10.1% | 0.29 | −3.6% | −8.9% |
Quarterly results
| ₹ Cr | Jun 25 | Sep 25 | Dec 25 | Mar 26 | Jun 26 |
|---|---|---|---|---|---|
| 2.1 | 0.2 | 0 | 0 | 0.5 | |
| 4.2 | 1.6 | 0.9 | 3.7 | 1 | |
| −2.2 | −1.4 | −0.9 | −3.7 | −0.5 | |
| −103.8% | −807.2% | −11651.4% | −13760.7% | −86.7% | |
| 1.3 | 1.6 | 1.5 | 0.9 | 1.3 | |
| 0.6 | 0.7 | 0.7 | 0.8 | 0.9 | |
| 0 | 0 | 0 | 0 | 0 | |
| −1.4 | −0.5 | −0.1 | −3.6 | −0.1 | |
| −0.1% | −0.2% | −0.8% | 0.0% | −13.8% | |
| −1.4 | −0.5 | −0.1 | −3.6 | −0.1 | |
| -0.11 | -0.03 | -0.01 | -2.30 | -0.01 |
Profit & loss
- Sales CAGR 3Y
- −3.5%
- ROE
- −6.8%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 2.6 | 5.4 | 3.9 | 2.3 | |
| – | +112.8% | minus 28.9% | minus 40.7% | |
| 2.7 | 7.4 | 11.8 | 7.4 | |
| −0.1 | −1.9 | −8 | −5.1 | |
| −5.1% | −35.3% | −205.6% | −221.5% | |
| 0.2 | 2.1 | 6.2 | 5.5 | |
| 0 | 0 | 0.8 | 2.9 | |
| – | 0.1 | 0.1 | 0.1 | |
| −0 | – | – | −3 | |
| −0 | 0.1 | −2.6 | −5.6 | |
| – | 28.7% | −0.3% | −0.1% | |
| −0 | 0 | −2.6 | −5.6 | |
| -0.00 | 0.00 | -0.28 | -0.36 |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 3.1 | 18.5 | 18.5 | 24.6 | |
| −3.3 | 58.7 | 64.5 | 56.4 | |
| 27.2 | 15.5 | 34.2 | 40 | |
| 0.3 | 4.1 | 3.6 | 4.2 | |
| 27.3 | 96.8 | 121 | 125 | |
| 13.5 | 78.9 | 81.4 | 87.7 | |
| 13.3 | 78.7 | 81.2 | 87.5 | |
| – | – | 0.3 | 0.3 | |
| 0.4 | 0.2 | 0.5 | 0.1 | |
| 0.1 | −61 | −42.5 | −50.5 | |
| 27.3 | 96.8 | 121 | 125 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| −12.7 | 1.7 | −18 | 2 | |
| −13.5 | −65.5 | −2.6 | −6.3 | |
| 26.7 | 63.6 | 20.9 | 4 | |
| 0.4 | −0.2 | 0.3 | −0.4 | |
| −13.5 | −65.5 | −2.6 | −6.3 | |
| −26.3 | −63.7 | −20.6 | −4.4 |
Shareholding pattern
This company is listed only on BSE, so there’s no NSE category split. See Major shareholders below for the named holders.
Major shareholders
Filings & events
News
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