TARC Ltd

TARC Ltd

₹ 159 -2.10%
05 Sep 11:27 a.m.
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]

  • Market Cap 4,680 Cr.
  • Current Price 159
  • High / Low 276 / 103
  • Stock P/E
  • Book Value 42.7
  • Dividend Yield 0.00 %
  • ROCE 0.03 %
  • ROE -8.02 %
  • Face Value 2.00

Pros

Cons

  • Stock is trading at 3.72 times its book value
  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of -33.8% over past five years.
  • Company has a low return on equity of -1.93% over last 3 years.
  • Company has high debtors of 7,539 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.

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025
13 13 87 83 23 22 6 10 5 1 4 4 -0
6 14 78 92 32 30 15 23 10 10 13 71 130
Operating Profit 8 -1 9 -8 -9 -8 -9 -13 -5 -9 -9 -67 -130
OPM % 56% -10% 10% -10% -37% -39% -149% -137% -109% -1,069% -198% -1,843%
29 31 19 44 31 30 29 26 26 27 18 23 1
Interest 35 28 24 29 21 11 16 10 12 47 17 24 13
Depreciation 0 0 0 0 0 1 1 1 1 1 1 1 1
Profit before tax 0 1 4 7 1 10 4 1 8 -31 -9 -69 -142
Tax % -93% 55% -47% -14% 26% -8% 75% 50% 26% -25% -28% 18% -3%
1 0 6 8 1 11 1 1 6 -23 -6 -82 -137
EPS in Rs 0.02 0.01 0.20 0.26 0.04 0.37 0.03 0.02 0.21 -0.78 -0.21 -2.78 -4.66
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 TTM
-0 -0 107 175 436 197 60 14 9
-0 0 99 164 539 190 100 104 224
Operating Profit -0 -0 9 11 -103 7 -39 -90 -215
OPM % 8% 6% -24% 4% -65% -661% -2,427%
-0 -0 11 5 25 123 117 94 69
Interest -0 -0 14 8 52 117 58 101 101
Depreciation -0 -0 2 2 2 2 3 3 3
Profit before tax -0 -0 3 5 -132 12 17 -100 -251
Tax % -0% -65% 7% 11% -21% 19% 5%
-0 -0 4 5 -147 14 14 -105 -249
EPS in Rs 0.17 -4.97 0.49 0.46 -3.57 -8.43
Dividend Payout % -0% -0% -0% -0% -0% -0% -0%
Compounded Sales Growth
10 Years: %
5 Years: -34%
3 Years: -68%
TTM: -79%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: 9%
TTM: -1433%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: 56%
1 Year: -33%
Return on Equity
10 Years: %
5 Years: -3%
3 Years: -2%
Last Year: -8%

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
Equity Capital 0.05 0.05 59 59 59 59 59 59
Reserves -0 -0 1,421 1,426 1,279 1,294 1,307 1,202
-0 -0 1,069 1,065 861 1,447 1,454 1,180
0 -0 357 370 331 166 226 374
Total Liabilities 0 0 2,905 2,920 2,531 2,965 3,045 2,815
-0 -0 810 827 26 24 27 26
CWIP -0 -0 -0 0 0 -0 -0 -0
Investments -0 -0 566 558 558 558 558 547
0 0 1,529 1,535 1,946 2,383 2,460 2,242
Total Assets 0 0 2,905 2,920 2,531 2,965 3,045 2,815

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
-0 -0 70 158 -50 -27 -8 258
-0 -0 56 41 363 -386 105 779
-0 -0 -132 -196 -307 477 -165 -1,020
Net Cash Flow -0 -0 -5 3 6 64 -67 18

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Debtor Days 0 28 410 906 2,927 7,539
Inventory Days 6,660
Days Payable 213
Cash Conversion Cycle 0 28 410 906 2,927 13,985
Working Capital Days 1,079 682 272 2,604 7,612 5,819
ROCE % -29% 1% 1% -3% 5% 3% 0%

Shareholding Pattern

Numbers in percentages

Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025
65.92% 65.92% 64.96% 64.96% 64.96% 64.96% 64.96% 64.96% 64.96% 64.96% 65.12% 65.12%
1.40% 1.57% 1.37% 2.15% 1.85% 1.92% 2.40% 2.89% 2.72% 2.35% 2.46% 2.30%
0.27% 0.02% 0.02% 0.36% 0.42% 0.89% 1.29% 1.95% 3.31% 4.34% 4.89% 5.44%
32.41% 32.48% 33.65% 32.53% 32.77% 32.22% 31.35% 30.20% 29.01% 28.35% 27.54% 27.14%
No. of Shareholders 64,69463,16561,46354,04354,08756,71061,01560,05259,93562,40462,16159,880

* 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.

Click on the line-items to see the names of individual entities.

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