TARC Ltd

TARC Ltd Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

TARC Ltd

₹ 118 0.09%
17 Jul - close price
tarc.in BSE: 543249 NSE: TARC
About

TARC Ltd. (The Anant Raj Corporation) started out as a construction and contracting company and evolved to become one of the largest real estate development companies and land bank holders in the New Delhi Metropolitan Area. The company‘s key developments are across verticals like Residential, Hospitality, Commercial and Retail projects.
The name of the company has been changed from Anant Raj Global Ltd. to TARC Ltd. in April 2021. [1]

Key Points

Business Services
The company is engaged in the development of luxurious residential projects in New Delhi and Gurugram. [1] TARC is a leading brand in the luxury residential sector. [2]

Website BSE NSE
  • Market Cap ₹ 3,500 Cr.
  • Current Price ₹ 118
  • High / Low ₹ 201 / 109
  • Stock P/E
  • Book Value ₹ 37.1
  • Dividend Yield 0.00 %
  • ROCE -7.27 %
  • ROE -14.1 %
  • Face Value ₹ 2.00
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Pros

  • Company has reduced debt.

Cons

  • Stock is trading at 3.19 times its book value
  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of -27.2% over past five years.
  • Company has a low return on equity of -6.68% over last 3 years.
  • Contingent liabilities of Rs.2,794 Cr.
  • Company has high debtors of 923 days.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Consumer Discretionary Realty Realty Residential, Commercial Projects

Part of BSE Consumer Discretionary Nifty Microcap 250 Nifty Total Market BSE 1000 Nifty Smallcap 500

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
83.38 23.10 21.52 5.90 9.87 4.82 0.85 4.35 3.66 0.00 1.78 32.03 1.88
91.50 31.74 29.82 14.68 23.35 10.06 9.94 12.95 71.10 129.89 26.46 28.59 15.91
Operating Profit -8.12 -8.64 -8.30 -8.78 -13.48 -5.24 -9.09 -8.60 -67.44 -129.89 -24.68 3.44 -14.03
OPM % -9.74% -37.40% -38.57% -148.81% -136.58% -108.71% -1,069.41% -197.70% -1,842.62% -1,386.52% 10.74% -746.28%
44.35 31.39 30.09 29.18 26.13 26.47 26.72 18.03 23.06 1.15 2.66 1.56 4.40
Interest 29.26 20.80 11.02 15.67 10.32 12.28 47.38 17.34 24.19 12.58 10.91 10.68 9.88
Depreciation 0.27 0.47 0.72 0.83 0.90 0.73 0.80 0.79 0.87 0.63 0.65 0.66 0.67
Profit before tax 6.70 1.48 10.05 3.90 1.43 8.22 -30.55 -8.70 -69.44 -141.95 -33.58 -6.34 -20.18
Tax % -13.58% 25.68% -7.96% 74.62% 49.65% 25.67% -24.52% -28.05% 18.33% -3.18% -20.96% -125.55% -83.70%
7.61 1.10 10.85 0.99 0.72 6.11 -23.06 -6.26 -82.17 -137.44 -26.54 1.62 -3.29
EPS in Rs 0.26 0.04 0.37 0.03 0.02 0.21 -0.78 -0.21 -2.78 -4.66 -0.90 0.05 -0.11
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
0 0 107 175 436 197 60 14 36
0 0 99 164 539 190 100 104 201
Operating Profit 0 -0 9 11 -103 7 -39 -90 -165
OPM % 8% 6% -24% 4% -65% -661% -463%
0 0 11 5 25 123 117 94 10
Interest 0 0 14 8 52 117 58 101 44
Depreciation 0 0 2 2 2 2 3 3 3
Profit before tax 0 -0 3 5 -132 12 17 -100 -202
Tax % 0% -65% 7% 11% -21% 19% 5% -18%
0 -0 4 5 -147 14 14 -105 -166
EPS in Rs 0.17 -4.97 0.49 0.46 -3.57 -5.61
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: %
5 Years: -27%
3 Years: -43%
TTM: 161%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: %
TTM: -57%
Stock Price CAGR
10 Years: %
5 Years: 20%
3 Years: 18%
1 Year: -41%
Return on Equity
10 Years: %
5 Years: -6%
3 Years: -7%
Last Year: -14%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Equity Capital 0.05 0.05 59 59 59 59 59 59 59
Reserves -0 -0 1,421 1,426 1,279 1,294 1,307 1,202 1,036
0 0 1,069 1,065 861 1,447 1,454 1,180 809
0 0 357 370 331 166 226 374 732
Total Liabilities 0 0 2,905 2,920 2,531 2,965 3,045 2,815 2,636
0 0 810 827 26 24 27 26 24
CWIP 0 0 0 0 0 0 0 0 0
Investments 0 0 566 558 558 558 558 547 513
0 0 1,529 1,535 1,946 2,383 2,460 2,242 2,099
Total Assets 0 0 2,905 2,920 2,531 2,965 3,045 2,815 2,636

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
0 -0 70 158 -50 -27 -8 258 423
0 0 56 41 363 -386 105 511 126
0 0 -132 -196 -307 477 -165 -751 -543
Net Cash Flow 0 -0 -5 3 6 64 -67 18 6
Free Cash Flow 0 -0 73 154 311 -21 -16 256 422
CFO/OP 100% 831% 1,444% 37% -404% 20% -294% -247%

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Debtor Days 0 28 410 906 2,927 7,539 923
Inventory Days
Days Payable
Cash Conversion Cycle 0 28 410 906 2,927 7,539 923
Working Capital Days 1,079 682 272 2,604 7,613 5,819 5,513
ROCE % -29% 1% 1% -3% 5% 3% 0% -7%

Insights

In beta
Jul 2021 Feb 2023 Mar 2024 Mar 2025
GDV of Under-Development Residential Projects
INR Crore

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Land Bank (fully paid)
Acres
Number of Apartments in Under-Development Projects
Number
Saleable Area of Under-Development Projects
Million Sq. Ft.
Average Realization (Tripundra Project)
INR per Sq. Ft.
TARC Tripundra - % Sold of Total Inventory
% of Units Sold
Collections (from project sales)
INR Crore
Pre-sales/Bookings (Residential)
INR Crore

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

8 Recently
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
64.96% 64.96% 64.96% 64.96% 64.96% 64.96% 65.12% 65.12% 65.12% 65.12% 65.12% 65.12%
1.85% 1.92% 2.40% 2.89% 2.72% 2.35% 2.46% 2.30% 2.00% 1.22% 0.92% 0.99%
0.42% 0.89% 1.29% 1.95% 3.31% 4.34% 4.89% 5.44% 5.81% 6.31% 6.40% 6.44%
32.77% 32.22% 31.35% 30.20% 29.01% 28.35% 27.54% 27.14% 27.07% 27.36% 27.56% 27.46%
No. of Shareholders 54,08756,71061,01560,05259,93562,40462,16159,88057,95356,28754,26453,065

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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Documents

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