Tarmat share price history

NSE: TARMATBSE: 532869ConstructionSmall Cap

Tarmat Limited · Formerly Roman Tarmat · Face value ₹10 · Listed Jul 2007

₹55.09₹2.03 (3.83%)BSE ₹55.20

Share price at the NSE close on 28 Oct 2026. Previous close ₹53.06.

28 Oct: open ₹53.06, high ₹56.00, low ₹53.00

52-week range of traded prices to 28 Oct 2026

₹46.26Low, 13 Jan 2026₹73.90High, 27 Feb 2026

Market cap: ₹138 Cr2,707th largest listed
P/E: 19.50
P/B: 0.74
Dividend yield: Nonein the last 12 months
ROE: 3.9%
ROCE: 3.4%
Debt to equity: 0.08
Volume, NSE: 6,72879.4% delivered

Tarmat share price by year, month and day

Closes to 28 Oct 2026; the last month as traded on NSE

Tarmat's share price is on record from 9 Jul 2007, when it closed at ₹319.20, to 28 Oct 2026. Its highest close was ₹319.20 on 9 Jul 2007 and its lowest ₹6.00 on 1 Nov 2013.

Close at year end, ₹

Year	Close at year end	Change	Highest close	Lowest close	Open	Traded high	Traded low	Volume
2026so far	55.09	+8.4%	71.14	47.48	50.81	73.90	46.26	75,77,887
2025	50.80	−34.3%	80.44	47.24	77.49	82.44	45.10	1,32,40,237
2024	77.29	−17.0%	148.35	71.93	93.00	153.90	70.75	4,76,93,034
2023	93.15	+68.3%	96.85	49.95	55.40	100.95	49.10	3,26,55,178
2022	55.35	−23.1%	77.60	42.20	71.55	81.70	41.15	86,80,402
2021	71.95	+36.3%	94.65	43.25	53.95	98.20	42.15	2,94,54,745
2020	52.80	+128.1%	59.90	19.00	23.90	62.25	18.55	62,33,639
2019	23.15	−41.2%	45.80	19.80	39.40	54.00	19.50	26,50,578
2018	39.35	−42.3%	76.05	28.25	68.60	82.00	25.80	1,21,80,407
2017	68.25	+60.2%	79.80	30.80	43.40	83.40	30.35	1,20,86,946
2016	42.60	+57.5%	53.00	21.10	27.00	56.35	20.00	34,04,563
2015	27.05	+17.6%	34.60	22.05	24.00	37.00	21.00	5,40,493
2014	23.00	+221.7%	30.90	6.85	7.10	33.90	6.80	4,23,388
2013	7.15	−59.1%	18.65	6.00	17.55	19.45	6.00	1,68,625
2012	17.50	+0.9%	23.85	15.80	17.55	25.00	15.20	2,08,569
2011	17.35	−56.1%	41.45	15.95	38.70	43.20	15.05	6,39,725
2010	39.55	−27.6%	71.65	37.90	56.80	72.60	36.05	44,61,471
2009	54.65	+116.0%	69.10	20.20	25.00	71.90	19.00	50,83,513
2008	25.30	−87.9%	217.85	18.75	204.00	221.90	17.60	21,51,811
2007	208.60	–	319.20	145.15	306.25	387.00	125.15	4,15,86,159

₹ per share, adjusted for splits and bonuses since. Change is on the close at the end of the year before; traded high and low are the year's range. 2007 is from its first session, 9 Jul 2007.

Month	Close	Change	Open	High	Low	Volume
Oct 2026so far	55.09	−7.3%	59.99	61.00	50.41	2,56,134
Sep 2026	59.40	−3.2%	61.05	67.00	52.98	10,39,863
Aug 2026	61.35	+24.4%	49.33	69.65	48.40	22,36,096
Jul 2026	49.33	−2.1%	51.25	52.09	47.20	2,44,848
Jun 2026	50.37	−2.7%	53.45	53.51	48.50	1,64,943
May 2026	51.76	−2.0%	52.10	53.77	50.00	1,97,491
Apr 2026	52.81	+4.6%	50.48	56.90	50.48	2,12,099
Mar 2026	50.48	−29.0%	67.00	73.70	48.41	6,90,777
Feb 2026	71.14	+33.5%	54.10	73.90	51.02	17,41,605
Jan 2026	53.30	+4.9%	50.81	54.94	46.26	7,94,031
Dec 2025	50.80	−4.0%	53.54	56.58	50.61	4,46,332
Nov 2025	52.89	+2.6%	52.60	54.39	49.72	4,62,838
Oct 2025	51.55	+1.5%	51.10	58.85	49.90	24,03,694
Sep 2025	50.81	+1.3%	50.18	55.76	47.72	5,98,562
Aug 2025	50.16	−8.6%	55.50	59.70	49.23	4,86,573
Jul 2025	54.85	+0.7%	55.14	64.90	51.60	24,71,527
Jun 2025	54.47	−4.8%	58.00	60.99	51.02	10,43,358
May 2025	57.19	+13.3%	51.87	60.60	45.10	17,23,910
Apr 2025	50.46	−0.4%	50.67	56.80	49.97	3,95,871
Mar 2025	50.67	−12.3%	56.02	63.30	48.75	16,86,400
Feb 2025	57.75	−14.3%	67.50	73.57	56.20	4,88,559
Jan 2025	67.37	−12.8%	77.49	82.44	62.33	10,32,613
Dec 2024	77.29	+2.4%	75.89	92.59	74.80	13,33,728
Nov 2024	75.49	−5.1%	77.00	85.05	72.20	14,83,526
Oct 2024	79.54	−1.9%	81.49	87.00	74.02	9,31,077
Sep 2024	81.08	−5.0%	84.05	97.40	79.30	14,50,053
Aug 2024	85.39	−7.3%	93.00	104.50	83.70	28,62,199
Jul 2024	92.14	+25.5%	71.93	103.00	70.75	25,72,230
Jun 2024	73.40	−13.5%	83.15	83.15	73.40	3,03,860
May 2024	84.85	−5.2%	87.75	91.20	77.50	13,79,566
Apr 2024	89.50	+0.6%	89.00	113.55	89.00	11,58,047
Mar 2024	89.00	−34.5%	132.20	138.00	86.00	18,86,384
Feb 2024	135.80	+36.9%	100.45	153.90	75.00	2,46,03,322
Jan 2024	99.20	+6.5%	93.00	111.70	89.15	77,29,042
Dec 2023	93.15	+15.4%	80.90	100.50	79.85	47,34,006
Nov 2023	80.70	−5.8%	85.40	89.55	79.80	12,82,321
Oct 2023	85.65	+6.9%	80.15	100.95	73.70	73,53,734
Sep 2023	80.15	+13.6%	70.90	83.30	66.30	37,20,639
Aug 2023	70.55	+10.2%	64.90	74.40	57.35	23,74,502
Jul 2023	64.00	−5.0%	67.40	71.10	61.70	16,65,505
Jun 2023	67.35	−6.3%	71.15	79.00	66.10	8,64,501
May 2023	71.85	−6.9%	78.35	82.00	68.45	8,96,065
Apr 2023	77.20	+2.3%	76.50	84.90	70.50	10,01,636
Mar 2023	75.45	+17.0%	65.15	93.50	64.10	64,02,611
Feb 2023	64.50	+26.5%	51.95	67.65	49.60	17,58,028
Jan 2023	51.00	−7.9%	55.40	61.95	49.10	6,01,630
Dec 2022	55.35	−5.7%	59.95	60.70	47.40	10,79,553
Nov 2022	58.70	+16.1%	51.25	58.70	46.05	8,27,719
Oct 2022	50.55	−6.4%	53.00	56.00	49.55	1,77,549
Sep 2022	54.00	−12.8%	61.95	66.00	50.15	4,99,499
Aug 2022	61.95	+20.5%	52.00	66.00	48.80	8,40,466
Jul 2022	51.40	+10.5%	47.00	55.70	44.50	2,16,092
Jun 2022	46.50	−16.7%	56.50	56.75	41.15	1,56,294
May 2022	55.80	−10.7%	63.40	63.40	52.55	3,19,418
Apr 2022	62.50	+4.3%	61.25	69.45	59.50	7,52,426
Mar 2022	59.95	−0.6%	58.65	72.80	53.65	10,88,902
Feb 2022	60.30	−8.6%	66.80	75.00	47.15	10,45,053
Jan 2022	65.95	−8.3%	71.55	81.70	63.15	16,77,431
Dec 2021	71.95	+31.2%	57.40	78.70	54.70	35,91,740
Nov 2021	54.85	−12.0%	64.90	68.90	53.30	5,00,693
Oct 2021	62.30	+3.2%	60.40	76.10	59.15	17,45,145
Sep 2021	60.35	−7.8%	65.50	66.90	60.15	10,65,359
Aug 2021	65.45	−22.3%	87.00	89.85	57.30	51,59,565
Jul 2021	84.25	+37.8%	61.75	98.20	60.00	87,69,394
Jun 2021	61.15	+6.2%	58.75	67.20	56.25	26,63,595
May 2021	57.60	+16.1%	49.55	68.00	43.95	20,26,881
Apr 2021	49.60	+14.7%	46.35	60.00	43.05	12,45,637
Mar 2021	43.25	−15.6%	53.25	57.80	42.15	7,10,824
Feb 2021	51.25	−1.3%	54.00	55.80	49.95	4,29,076
Jan 2021	51.90	−1.7%	53.95	61.80	46.30	15,46,836
Dec 2020	52.80	+37.0%	39.80	62.25	37.45	30,54,327
Nov 2020	38.55	+3.1%	37.00	41.90	34.15	3,96,667
Oct 2020	37.40	−16.0%	45.00	46.30	36.25	2,48,836
Sep 2020	44.50	+10.3%	38.45	44.50	34.50	6,73,856
Aug 2020	40.35	+19.0%	35.35	47.50	32.55	6,27,064
Jul 2020	33.90	+35.6%	25.20	34.40	23.10	4,30,557
Jun 2020	25.00	+30.5%	18.55	27.25	18.55	3,32,238
May 2020	19.15	−9.9%	20.80	21.65	18.60	34,997
Apr 2020	21.25	−9.0%	23.50	23.90	19.30	86,212
Mar 2020	23.35	−32.3%	34.50	36.80	19.20	88,363
Feb 2020	34.50	+44.7%	23.60	36.00	22.25	1,67,876
Jan 2020	23.85	+3.0%	23.90	29.50	22.85	92,646
Dec 2019	23.15	−5.7%	24.30	26.45	22.50	60,415
Nov 2019	24.55	−1.0%	25.00	30.00	24.00	89,134
Oct 2019	24.80	−2.7%	24.25	27.30	21.25	50,134
Sep 2019	25.50	+25.3%	20.30	28.85	19.50	46,532
Aug 2019	20.35	−23.6%	27.80	28.85	19.85	1,11,702
Jul 2019	26.65	−14.2%	31.00	36.20	25.15	1,09,924
Jun 2019	31.05	−20.1%	38.05	41.95	30.40	91,043
May 2019	38.85	+0.6%	38.25	41.40	33.00	1,29,965
Apr 2019	38.60	+0.3%	38.00	45.65	37.95	2,71,411
Mar 2019	38.50	+15.8%	33.50	43.00	32.35	5,53,954
Feb 2019	33.25	−13.4%	38.55	40.05	32.65	1,77,316
Jan 2019	38.40	−2.4%	39.40	54.00	36.90	9,59,048
Dec 2018	39.35	+4.5%	37.25	42.65	34.25	3,03,242
Nov 2018	37.65	+13.6%	32.10	48.45	31.35	6,74,407
Oct 2018	33.15	+6.6%	32.90	36.90	25.80	1,50,708
Sep 2018	31.10	−25.4%	40.10	44.00	30.85	1,38,563
Aug 2018	41.70	+6.4%	39.50	44.55	37.10	3,37,792
Jul 2018	39.20	−1.0%	39.20	42.50	31.50	2,45,032
Jun 2018	39.60	−19.2%	50.50	50.50	38.25	1,85,177
May 2018	49.00	−12.7%	55.40	58.95	42.10	5,53,167
Apr 2018	56.10	+42.9%	39.90	70.90	39.90	23,47,324
Mar 2018	39.25	−35.1%	60.00	61.05	34.10	9,68,455
Feb 2018	60.50	−7.6%	67.75	71.00	54.00	15,02,225
Jan 2018	65.45	−4.1%	68.60	82.00	62.70	47,74,315
Dec 2017	68.25	+22.9%	56.50	83.40	53.30	45,16,722
Nov 2017	55.55	+4.3%	58.55	60.25	47.50	10,36,780
Oct 2017	53.25	+10.2%	54.50	59.50	48.15	18,48,496
Sep 2017	48.30	+29.7%	38.60	52.75	33.40	9,27,433
Aug 2017	37.25	+0.9%	36.25	41.10	30.35	1,71,581
Jul 2017	36.90	−0.4%	36.10	39.90	35.05	73,927
Jun 2017	37.05	−12.7%	41.50	44.90	36.05	61,369
May 2017	42.45	−15.8%	50.30	51.45	39.95	54,321
Apr 2017	50.40	+12.0%	43.60	62.40	43.10	13,21,774
Mar 2017	45.00	−12.3%	52.85	52.85	41.40	2,14,698
Feb 2017	51.30	+18.8%	44.70	61.35	42.10	17,19,105
Jan 2017	43.20	+1.4%	43.40	49.60	41.75	1,40,740
Dec 2016	42.60	+8.8%	38.40	51.65	37.30	3,97,889
Nov 2016	39.15	−24.9%	49.00	52.50	32.50	2,13,709
Oct 2016	52.15	+26.1%	42.20	56.35	41.80	7,17,581
Sep 2016	41.35	−11.6%	45.15	47.90	40.10	2,19,551
Aug 2016	46.80	+10.9%	42.85	50.50	36.60	4,62,394
Jul 2016	42.20	−8.9%	46.05	47.90	38.65	2,64,864
Jun 2016	46.30	+52.1%	32.60	50.45	28.05	5,77,147
May 2016	30.45	−22.7%	40.60	43.30	29.60	2,63,497
Apr 2016	39.40	+86.7%	22.90	39.40	20.00	2,32,199
Mar 2016	21.10	−13.2%	25.00	27.70	20.30	21,805
Feb 2016	24.30	−5.3%	26.90	30.10	22.75	21,548
Jan 2016	25.65	−5.2%	27.00	30.15	25.30	12,379
Dec 2015	27.05	−3.2%	29.00	30.10	26.10	14,510
Nov 2015	27.95	+16.5%	24.00	29.50	23.60	18,408
Oct 2015	24.00	+6.0%	21.05	29.60	21.05	11,145
Sep 2015	22.65	−7.6%	26.70	28.00	22.00	66,187
Aug 2015	24.50	−21.6%	33.40	37.00	21.00	47,053
Jul 2015	31.25	+15.5%	30.00	34.95	25.00	1,06,997
Jun 2015	27.05	+10.4%	23.50	31.00	21.55	54,234
May 2015	24.50	−9.4%	21.80	29.85	21.80	69,782
Apr 2015	27.05	−0.4%	31.40	31.95	24.40	17,649
Mar 2015	27.15	−12.8%	33.50	36.70	24.00	71,883
Feb 2015	31.15	+29.3%	25.95	36.05	21.35	49,723
Jan 2015	24.10	+4.8%	24.00	27.90	21.55	12,922
Dec 2014	23.00	−8.4%	29.75	29.75	20.50	22,829
Nov 2014	25.10	+3.3%	25.00	33.90	23.65	38,597
Oct 2014	24.30	−1.8%	25.85	29.90	20.55	39,525
Sep 2014	24.75	+37.9%	17.95	28.65	17.95	36,703
Aug 2014	17.95	−16.1%	22.25	22.25	17.10	14,107
Jul 2014	21.40	+35.0%	16.00	25.60	16.00	1,13,498
Jun 2014	15.85	+41.5%	11.75	18.65	11.75	17,635
May 2014	11.20	+57.7%	7.00	11.20	7.00	3,384
Apr 2014	7.10	−6.6%	7.35	7.80	6.80	2,502
Mar 2014	7.60	−3.2%	8.20	8.60	7.60	1,30,536
Feb 2014	7.85	0.0%	8.20	8.20	7.40	2,879
Jan 2014	7.85	+9.8%	7.10	8.00	6.85	1,193
Dec 2013	7.15	+10.0%	6.20	7.20	6.20	3,708
Nov 2013	6.50	+4.8%	6.00	7.15	6.00	860
Oct 2013	6.20	−25.7%	8.10	8.10	6.20	6,708
Sep 2013	8.35	+0.6%	8.35	8.75	7.70	2,484
Aug 2013	8.30	+6.4%	7.30	9.35	6.45	13,928
Jul 2013	7.80	−20.4%	9.65	10.55	7.25	16,162
Jun 2013	9.80	−17.6%	11.85	12.85	9.05	10,188
May 2013	11.90	+4.4%	13.00	14.35	10.60	31,547
Apr 2013	11.40	−1.3%	11.15	15.90	10.10	11,581
Mar 2013	11.55	−13.5%	12.90	15.95	11.15	40,574
Feb 2013	13.35	−17.3%	15.75	19.15	12.50	19,612
Jan 2013	16.15	−7.7%	17.55	19.45	15.30	11,273
Dec 2012	17.50	−1.7%	18.20	19.00	17.50	12,714
Nov 2012	17.80	−4.8%	18.60	19.50	17.00	5,662
Oct 2012	18.70	−1.6%	18.65	20.50	18.05	8,107
Sep 2012	19.00	+1.3%	19.00	20.65	17.60	14,761
Aug 2012	18.75	+12.3%	18.50	25.00	16.35	31,694
Jul 2012	16.70	−0.6%	16.05	19.60	16.05	9,376
Jun 2012	16.80	−6.7%	17.25	18.20	15.20	12,206
May 2012	18.00	−8.2%	19.25	19.55	15.65	17,217
Apr 2012	19.60	+9.5%	19.55	22.50	18.20	15,541
Mar 2012	17.90	−22.0%	22.95	22.95	17.10	25,943
Feb 2012	22.95	+7.2%	21.40	25.00	21.05	18,901
Jan 2012	21.40	+23.3%	17.55	24.80	17.55	36,447
Dec 2011	17.35	−6.5%	19.00	21.45	15.05	39,752
Nov 2011	18.55	−15.1%	21.90	24.90	18.00	16,643
Oct 2011	21.85	−6.2%	22.05	23.85	21.05	20,177
Sep 2011	23.30	+6.6%	21.05	25.85	20.40	50,966
Aug 2011	21.85	−11.2%	24.25	25.10	18.50	62,529
Jul 2011	24.60	−2.4%	25.20	28.05	22.60	52,241
Jun 2011	25.20	−11.6%	28.20	30.95	23.60	21,884
May 2011	28.50	−11.5%	32.00	32.45	27.75	23,006
Apr 2011	32.20	+12.8%	29.85	41.70	28.30	1,78,038
Mar 2011	28.55	−7.2%	31.45	34.00	27.10	45,904
Feb 2011	30.75	−14.8%	34.65	38.25	26.05	60,210
Jan 2011	36.10	−8.7%	38.70	43.20	33.70	68,375
Dec 2010	39.55	−8.3%	43.15	46.35	36.05	69,954
Nov 2010	43.15	−16.0%	54.35	55.00	41.25	1,09,425
Oct 2010	51.35	−1.1%	53.30	58.00	50.25	2,05,896
Sep 2010	51.90	+1.9%	51.00	58.50	50.00	4,11,534
Aug 2010	50.95	−2.7%	52.50	57.00	49.20	2,66,733
Jul 2010	52.35	−7.8%	56.95	63.90	51.25	13,43,158
Jun 2010	56.75	+5.4%	54.00	60.00	53.05	4,28,851
May 2010	53.85	−9.1%	59.90	62.70	52.10	3,54,516
Apr 2010	59.25	+27.6%	48.15	63.95	47.10	5,61,930
Mar 2010	46.45	+1.3%	45.35	52.45	44.55	1,52,382
Feb 2010	45.85	−15.1%	52.00	53.90	44.40	1,59,629
Jan 2010	54.00	−1.2%	56.80	72.60	52.05	3,97,463
Dec 2009	54.65	+11.9%	49.00	54.65	48.20	1,05,573
Nov 2009	48.85	−3.8%	50.00	55.00	45.00	1,24,555
Oct 2009	50.80	−15.1%	59.05	59.20	49.50	1,25,010
Sep 2009	59.80	−11.9%	68.55	69.95	53.10	2,83,633
Aug 2009	67.90	+70.0%	40.00	71.90	38.10	30,90,577
Jul 2009	39.95	+2.3%	39.50	43.85	31.25	1,76,022
Jun 2009	39.05	−15.5%	46.80	55.40	35.60	1,92,177
May 2009	46.20	+65.0%	27.00	47.90	27.00	3,42,998
Apr 2009	28.00	+1.4%	27.40	36.50	26.50	1,63,504
Mar 2009	27.60	+10.4%	25.00	34.25	22.50	2,74,124
Feb 2009	25.00	+21.7%	21.50	27.50	19.15	1,25,466
Jan 2009	20.55	−18.8%	25.00	31.70	19.00	79,874
Dec 2008	25.30	+29.7%	19.00	27.50	17.60	78,812
Nov 2008	19.50	−16.1%	24.45	28.00	18.70	81,510
Oct 2008	23.25	−32.5%	34.00	37.45	21.70	87,516
Sep 2008	34.45	−19.9%	43.00	48.55	30.60	3,00,531
Aug 2008	43.00	−11.2%	48.80	52.50	41.30	3,45,972
Jul 2008	48.40	−12.5%	55.70	60.45	46.50	1,22,458
Jun 2008	55.30	−19.0%	67.80	74.85	55.30	1,37,266
May 2008	68.25	−18.8%	88.20	88.20	66.50	1,03,016
Apr 2008	84.00	+15.5%	76.40	88.95	66.05	4,14,963
Mar 2008	72.75	−43.1%	126.00	128.90	65.45	1,80,872
Feb 2008	127.90	−0.6%	134.75	147.05	111.35	86,308
Jan 2008	128.65	−38.3%	204.00	221.90	125.55	2,12,587
Dec 2007	208.60	+35.1%	159.50	228.70	154.50	12,85,997
Nov 2007	154.45	−12.7%	180.00	185.00	125.15	4,81,314
Oct 2007	176.95	−12.0%	201.00	208.00	150.00	8,55,341
Sep 2007	201.10	−11.9%	229.25	237.00	200.00	13,14,664
Aug 2007	228.35	−9.9%	278.00	278.00	191.55	84,03,810
Jul 2007	253.50	–	306.25	387.00	232.00	2,92,45,033

₹ per share, adjusted for splits and bonuses since. Change is on the close of the month before; high and low are the month's traded range.

Date	Open	High	Low	Close	Average price	Volume	Delivery
28 Oct 2026	53.06	56.00	53.00	55.09	54.36	6,728	79.4%
27 Oct 2026	52.56	54.10	52.55	53.06	53.36	5,786	70.5%
26 Oct 2026	50.41	55.00	50.41	52.50	53.68	7,257	70.4%
23 Oct 2026	53.00	54.43	50.42	51.82	52.61	8,227	59.4%
22 Oct 2026	52.95	54.90	51.81	52.92	53.66	7,151	55.9%
21 Oct 2026	53.25	53.25	51.30	52.79	52.30	7,413	67.8%
19 Oct 2026	53.50	55.36	53.16	53.25	54.13	15,519	69.0%
16 Oct 2026	55.30	56.30	54.15	54.61	54.92	7,783	73.1%
15 Oct 2026	53.80	56.00	53.80	55.30	55.23	5,498	74.3%
14 Oct 2026	54.20	56.80	53.88	54.79	55.07	15,897	56.1%
13 Oct 2026	57.29	57.29	54.78	55.83	55.97	5,752	78.8%
12 Oct 2026	55.50	57.00	55.05	56.20	55.95	2,197	57.4%
9 Oct 2026	55.15	57.80	55.15	55.84	55.97	4,346	84.5%
8 Oct 2026	56.79	57.87	54.85	55.15	55.63	5,724	88.8%
7 Oct 2026	56.82	58.78	56.00	56.78	57.35	18,146	59.6%
6 Oct 2026	57.80	59.99	56.30	56.79	58.08	78,718	32.7%
5 Oct 2026	57.60	58.60	55.02	56.20	56.44	10,805	55.6%
1 Oct 2026	59.99	61.00	56.34	57.23	59.14	43,187	44.4%
30 Sep 2026	57.03	61.00	55.50	59.40	58.62	48,224	54.4%
29 Sep 2026	55.00	59.40	55.00	57.03	57.78	19,634	48.7%
28 Sep 2026	55.84	60.17	54.40	56.87	58.50	45,209	56.5%
25 Sep 2026	55.30	56.85	54.00	55.84	55.24	12,463	63.8%

Prices in ₹ per share as traded, not adjusted.