MarketFriction

Twamev Construction & Infrastructure Ltd

NSE TICL · BSE 532738 · Civil Construction
₹7.79 +4.99%
NSE close2026-10-01
52 week range5.33 - 33.99
Market cap₹110 Cr.
P/E15.6
ASM long-term Price band 5%

Price

Drag to pan, scroll or pinch to zoom. Ruler (or Shift + drag) measures a move.Dashed lines: 52 week high and low. Prices adjusted for splits and bonuses.

Financials

Consolidated, Rs crore
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales3.228.0922.667.7212.3415.0749.7311.7412.3720.8322.5111.04
Expenses3.017.9021.706.2311.6612.1026.7710.998.8918.8920.6510.21
Operating Profit0.210.190.961.490.682.9722.960.753.481.941.860.83
OPM %6.52%2.35%4.24%19.30%5.51%19.71%46.17%6.39%28.13%9.31%8.26%7.52%
Other Income0.681.29-11.180.240.270.2433.940.910.430.200.280.23
Interest0.350.310.420.230.170.950.760.150.220.150.220.23
Depreciation0.660.570.530.510.500.490.390.410.470.290.350.32
Profit before tax-0.120.60-11.170.990.281.7755.751.103.221.701.570.51
Tax %0.00%0.00%36.35%0.00%0.00%0.00%5.20%0.00%0.00%0.00%-2.55%0.00%
Net Profit-0.120.60-15.230.990.281.7752.851.103.221.701.610.51
EPS in Rs-0.010.04-0.980.060.020.113.410.070.210.110.100.03
Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales308.91234.60186.79217.96135.94101.96100.3793.8653.0584.8667.4566.75
Expenses307.89231.27189.01363.41192.3195.05102.42103.8458.1856.7459.4158.64
Operating Profit1.023.33-2.22-145.45-56.376.91-2.05-9.98-5.1328.128.048.11
OPM %0.33%1.42%-1.19%-66.73%-41.47%6.78%-2.04%-10.63%-9.67%33.14%11.92%12.15%
Other Income5.039.858.0335.78375.5115.596.2513.62-9.1834.701.821.14
Interest74.3590.1462.4671.664.741.551.962.111.482.110.730.82
Depreciation13.7511.748.438.176.085.204.493.942.371.831.521.43
Profit before tax-82.05-88.70-65.08-189.50308.3215.75-2.25-2.41-18.1658.887.617.00
Tax %-2.73%-1.71%-70.13%0.00%-0.00%0.06%0.44%0.00%22.36%4.93%-0.53%
Net Profit-79.81-87.18-19.44-189.50308.3315.74-2.26-2.41-22.2255.987.657.04
EPS in Rs-42.40-30.33-6.76-65.93107.275.48-0.79-0.84-1.433.610.490.45
Dividend Payout %0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth-14%-8%-10%-25%
Compounded Profit Growth8%16%102%-93%
Stock Price CAGR-9%2%-28%-71%
Return on Equity-11%7%11%2%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital18.8218.8228.7428.7428.7428.7428.7428.7428.7415.5015.5015.50
Reserves194.96161.0498.4389.07-92.27216.27232.01229.75227.33232.05288.10295.90
Borrowings949.791,044.43983.301,038.381,074.55337.68337.70337.70337.70333.98338.76354.03
Other Liabilities187.09245.90315.86318.74341.7780.5988.3684.18144.8668.8481.27101.77
Total Liabilities1,350.661,470.191,426.331,474.931,352.79663.28686.81680.37738.63650.37723.63767.20
Fixed Assets79.0866.7572.1462.3433.5927.7022.6614.9712.209.307.506.06
CWIP208.33272.78372.71429.28420.43420.43420.02420.55422.35422.35422.35422.35
Investments1.351.354.004.8315.5115.3814.8914.6713.464.574.424.48
Other Assets1,061.901,129.31977.48978.48883.26199.77229.24230.18290.62214.15289.36334.31
Total Assets1,350.661,470.191,426.331,474.931,352.79663.28686.81680.37738.63650.37723.63767.20
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity-33.641.1818.475.06-37.40826.7042.13-3.751.04-35.48-4.46-17.96
Cash from Investing Activity-14.17-64.83-48.88-41.3131.264.68-36.94-3.514.5715.550.093.15
Cash from Financing Activity46.4170.9037.9424.305.70-832.57-0.97-0.39-0.368.422.6614.97
Net Cash Flow-1.407.257.53-11.95-0.44-1.194.22-7.655.25-11.51-1.710.16
Free Cash Flow-49.72-64.75-38.48-48.95-7.97826.5142.38-3.92-0.81-34.86-4.49-18.04
CFO/OP-69%1,201%373%249%30%-1,472%518%538%-17%692%-15%-246%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days163.69308.49330.24356.93299.82109.5299.1395.2099.63178.54192.61343.14
Inventory Days611.12960.171,282.461,549.00184.01233.63356.86
Days Payable242.44597.72563.15608.07275.40175.76183.66
Cash Conversion Cycle532.37670.941,049.551,297.86208.44167.3999.13268.4199.63178.54192.61343.14
Working Capital Days227.67299.34151.82-484.45-960.13-708.12-1,121.85-1,092.93-1,085.71-1,623.96-828.37-986.39
ROCE %2.99%-0.64%0.41%-0.34%-10.91%-2.69%0.81%-0.20%0.17%-1.06%17.21%1.17%
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters58.60%94.97%94.97%94.42%94.32%94.32%94.32%89.36%85.13%84.51%84.06%83.05%
FIIs0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.01%0.01%0.10%
DIIs0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.15%0.14%0.34%0.12%0.00%
Public41.40%5.05%5.03%5.58%5.68%5.68%5.67%10.49%14.73%15.14%15.81%16.85%
No. of Shareholders10,63810,69611,11912,98013,27414,35814,00315,26216,18315,83015,38615,694

Fundamentals

Market Cap₹ 110 Cr.
Current Price₹ 7.10
Stock P/E15.6
Book Value₹ 20.1
ROCE1.17 %
ROE2.25 %
Dividend Yield0.00 %
Face Value₹ 1.00
Compounded Sales Growth (TTM)-25%
Compounded Profit Growth (TTM)-93%
Consolidated figures.
Valuation
Market capRs 121 Cr
Enterprise valueRs 469 Cr
P/E (TTM)17.15x
Price to book0.39x
Price to sales1.81x
EV / EBITDA50.74x
EV / EBIT60.02x
EV / sales7.03x
Earnings yield5.83%
P/E, 3-year average8.59x
P/B, 3-year average1.87x
P/E, 5-year average8.59x
P/B, 5-year average1.00x
Profitability
Operating margin (excl. other income)11.92%
Operating margin (incl. other income)14.62%
EBITDA margin13.86%
Pre-tax margin10.49%
Net profit margin10.55%
Net margin, latest quarter4.62%
ROE2.49%
ROCE1.28%
ROA1.03%
ROE, 3-year average4.66%
ROCE, 3-year average2.80%
ROA, 3-year average1.99%
ROE, 5-year average2.43%
ROCE, 5-year average1.66%
ROA, 5-year average1.06%
ROIC (approx.)1.19%
Tax rate-0.53%
Other income / net worth0.58%
Growth
Sales growth (latest year)-20.52%
Profit growth (latest year)-86.33%
Sales CAGR, 3 years-10.43%
Sales CAGR, 5 years-7.93%
Profit CAGR, 5 years-13.44%
Sales growth QoQ-50.96%
Profit growth QoQ-68.32%
Sales growth YoY (latest quarter)-5.96%
Profit growth YoY (latest quarter)-53.64%
Per share
EPS (TTM)Rs 0.45
EPS (latest quarter)Rs 0.03
EPS, 3-year averageRs 1.09
EPS, 5-year averageRs 0.14
Book value per shareRs 20.09
Sales per shareRs 4.31
Cash flow per shareRs -1.16
Free cash flow per shareRs -1.16
Efficiency
Asset turnover0.09x
Fixed asset turnover11.13x
Inventory turnover-0.06x
Debtor days343 days
Debtors turnover1.06x
Creditor days184 days
Cash conversion cycle343 days
Working capital days-986 days
Leverage
Total debtRs 354 Cr
Cash and bankRs 5 Cr
Net debtRs 349 Cr
Debt to equity1.14x
Net debt / EBITDA37.68x
Interest coverage9.54x
Owners' fund to total sources40.59%
Debt to assets46.15%
Cash flow
Cash from Operating Activity (latest year)Rs -18 Cr
Cash from Investing Activity (latest year)Rs 3 Cr
Cash from Financing Activity (latest year)Rs 15 Cr
Net Cash Flow (latest year)Rs 0 Cr
Free cash flow (latest year)Rs -18 Cr
FCFE (approx.: FCF + change in debt)Rs -3 Cr
Cash from ops / profit, 5 years-1.65x
Statement figures
Net sales (TTM)Rs 67 Cr
Net sales (latest year)Rs 67 Cr
Sales (latest quarter)Rs 11 Cr
Operating profit excl. other income (latest year)Rs 8 Cr
Operating profit (latest quarter)Rs 1 Cr
Other income (TTM)Rs 1 Cr
EBITDA (TTM)Rs 9 Cr
PBDT (TTM)Rs 8 Cr
Profit before tax (TTM)Rs 7 Cr
Tax (latest year)Rs -0 Cr
Net profit (TTM)Rs 7 Cr
Net profit (latest year)Rs 8 Cr
Net profit (latest quarter)Rs 1 Cr
Depreciation (TTM)Rs 1 Cr
Depreciation (latest quarter)Rs 0 Cr
Interest (TTM)Rs 1 Cr
Cost of goods sold (latest year)Rs -3 Cr
Total expenditure (latest year)Rs 59 Cr
Total income (latest year)Rs 69 Cr
Share capitalRs 16 Cr
ReservesRs 296 Cr
Shareholders' fundsRs 311 Cr
Total assetsRs 767 Cr
Net blockRs 6 Cr
Capital work in progressRs 422 Cr
InvestmentsRs 4 Cr
ReceivablesRs 63 Cr
InventoryRs 42 Cr
Other liabilitiesRs 102 Cr
Shares outstanding (crore)15.50
Ownership
Promoter holding83.05% (-6.31 in a year)
Computed by MarketFriction from the consolidated statements. Returns use average balances.
P/E 17.1 is at the 86th percentile of its own 3.5-year range (median 7.0, low 0.1, high 46.5).
P/B 0.39 is at the 12th percentile (median 0.99).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
PeriodTICLNifty 50Difference
1 week+27.3%-2.8% +30.1 pts
1 month-7.2%-6.8% -0.4 pts
3 months-43.1%-7.6% -35.5 pts
6 months-63.8%+0.4% -64.2 pts
1 year-65.1%-9.9% -55.1 pts
2 years-82.6%-13.6% -69.0 pts
3 years-56.0%+14.2% -70.1 pts
5 years+26.5%+27.9% -1.4 pts

Red flags

F-score 3 of 8
explainWeak cash conversion Cash from operations was -140% of net profit over the last 3 years
explainReceivables outrunning sales Receivables grew 42% vs sales -21% in 2026
explainShare dilution Share count up 0% in a year, 440% in three
lookInventory outrunning sales Inventory grew 69% vs sales -21% in 2026
lookOn NSE surveillance On NSE surveillance: ASM long-term
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.

Latest quarter

Jun 2026
Sales ₹11 Cr -6.0% vs Jun 2025. Net profit ₹1 Cr -53.6%.

Activity

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No bulk or block deals on record.
No corporate actions on record.
DateTypeWhat it says
2026-09-24General UpdatesSale of shares executed by the Promoter and Promoter Group of the Company, on 23rd September, 2026.
2026-09-23General UpdatesConsolidated Scrutinizers Report and Voting Results for the FY 2025-26.
2026-09-22General UpdatesIntimation of sale of shares by Promoter and Promoter Group, Mr. Ravi Todi, M/s Ravi Todi HUF and M/s Nadia Security Printing and Stationery Co Pvt Lt...
2026-09-22General UpdatesSale of shares by one of the member of the Promoter Group, M/s Upendra Singh Constructions Pvt Ltd.
2026-09-22General UpdatesRe-appointment of Statutory Auditor, M/s J Jain & Co. of the Company for a second term at its 61st Annual General Meeting.
2026-09-22Shareholder meetingProceedings of 61st Annual General Meeting held on September 22, 2026.
2026-09-21General UpdatesGeneral Updates regarding sale of shares by one of the Promoter Group member, M/s Upendra Singh Constructions Pvt. Ltd.
2026-08-31UpdatesAnnual Report for the Financial Year 2025-26 including Notice of 61st Annual General Meeting of the Company as per Regulation 34(1) of SEBI (LODR) Reg...
2026-08-31Shareholder meetingNotice of the 61st Annual General Meeting of the Company to be held on Tuesday, September 22, 2026.
2026-08-11General UpdatesThe cut off date for the 61st Annual General Meeting of the Company is Tuesday, 15th September, 2026.
2026-08-11General UpdatesThe Companys 61st Annual General Meeting for the FY 2025-26 is scheduled to be held on 22nd September, 2026.
2026-08-11Change in ManagementChange in Management, approving appointment of Mr Biswajit Chakraborty, as the Chief Executive Officer of the Company with immediate effect dated 11.0...
2026-08-11Integrated Filing- FinancialResults for the quarter ended 30th June 2026
2026-08-11Board meeting outcomeTwamev Construction and Infrastructure Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2026.
2026-07-08UpdatesClarification letter regarding delayed disclosure wrt resignation of COO..
2026-07-07UpdatesDisclosure under SEBI (Prohibition of Insider Trading) Regulations, 2015 wrt sale of shares executed by M/s Upendra Singh Construction Pvt Ltd during ...
2026-07-03ResignationResignation of Director/KMP/SMP
2026-07-03General UpdatesAbout Resignation of Chief Operating Officer (COO) of the Company with effect from 31st October, 2025.
2026-07-03General UpdatesAddendum to the Outcome of the Board Meeting dated 12.11.2025 Intimation of Resignation of Chief Operating Officer, Mr. Debajyoti Debnath
2026-07-01ResignationResignation of Director/KMP/SMP
2026-07-01ResignationResignation of Mr. Jasodeb Chakraborty as the Chief Executive Officer of the company w.e.f. Jun 30, 2026.
2026-07-01UpdatesDisclosure regarding Sale of Shares by one of the Promoter, Mr. Ravi Todi, under applicable Rules and Regulations.
2026-07-01UpdatesDisclosure regarding Sale of Shares by one of the Promoter, Mr. Shrish Tapuria, under applicable Rules and Regulations.
2026-06-29UpdatesIntimation of Proposed Sale of 10,00,000 Equity Shares of Twamev Construction and Infrastructure Limited by one of Promoter Mr. Shrish Tapuria, throug...
2026-06-25Clarification - Financial ReThe Exchange has sought clarification from Twamev Construction and Infrastructure Limited for the quarter ended 31-Mar-2026 with respect to Regulation...
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Long Term Additional Surveillance Measure (Long Term ASM): stage 4
Data: NSE and BSE daily reports, company filings. Numbers only, not investment advice, not a SEBI-registered research service.Updated 2026-10-03