TARC Ltd
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]
- Market Cap ₹ 3,737 Cr.
- Current Price ₹ 127
- High / Low ₹ 186 / 109
- Stock P/E
- Book Value ₹ 37.1
- Dividend Yield 0.00 %
- ROCE -7.27 %
- ROE -14.1 %
- Face Value ₹ 2.00
Pros
- Company has reduced debt.
Cons
- Stock is trading at 3.41 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.
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
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 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|
| -0 | -0 | 107 | 175 | 436 | 197 | 60 | 14 | 36 | 46 | |
| -0 | 0 | 99 | 164 | 539 | 190 | 100 | 104 | 201 | 95 | |
| Operating Profit | -0 | -0 | 9 | 11 | -103 | 7 | -39 | -90 | -165 | -48 |
| OPM % | 8% | 6% | -24% | 3.6% | -65% | -661% | -463% | -105% | ||
| -0 | -0 | 11 | 5 | 25 | 123 | 117 | 94 | 10 | 10 | |
| Interest | -0 | -0 | 14 | 8 | 52 | 117 | 58 | 101 | 44 | 41 |
| Depreciation | -0 | -0 | 2 | 2 | 2 | 2 | 3 | 3 | 3 | 3 |
| Profit before tax | -0 | -0 | 3 | 5 | -132 | 12 | 17 | -100 | -202 | -81 |
| Tax % | -0% | -65% | 7% | 11% | -21% | 19% | 5% | -18% | ||
| -0 | -0 | 4 | 5 | -147 | 14 | 14 | -105 | -166 | -53 | |
| EPS in Rs | 0.17 | -4.97 | 0.49 | 0.46 | -3.57 | -5.61 | -1.79 | |||
| Dividend Payout % | -0% | -0% | -0% | -0% | -0% | -0% | -0% | -0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | -27% |
| 3 Years: | -43% |
| TTM: | 422% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| TTM: | 79% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | 24% |
| 3 Years: | 12% |
| 1 Year: | -22% |
| 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 |
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| Number of Apartments in Under-Development Projects Number |
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| Saleable Area of Under-Development Projects Million Sq. Ft. |
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| Average Realization (Tripundra Project) INR per Sq. Ft. |
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| TARC Tripundra - % Sold of Total Inventory % of Units Sold |
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| Collections (from project sales) INR Crore |
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| Pre-sales/Bookings (Residential) INR Crore |
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Extracted by Screener AI
Documents
Announcements
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Intimation Under Regulation 30 Of The SEBI (Listing Obligations And Disclosure Regulations) 2015
- TARC asks physical shareholders to update PAN, KYC and nomination details under SEBI circular.
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Intimation Of Receipt Of In-Principle Approval From BSE Limited In Respect Of Amendment Of The Redemption Schedule Of The Debenture Trustee Deed.
- BSE granted in-principle approval to amend redemption schedule for NCD ISIN INE0EK907050.
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Letters To Shareholders Providing Web Link To Access The Annual Report And Notice Of AGM
- TARC dispatched FY2025-26 AGM notice and annual report; AGM on September 19, 2026.
- Announcement under Regulation 30 (LODR)-Newspaper Publication
- Reg. 34 (1) Annual Report.
Annual reports
Concalls
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Aug 2026TranscriptAI SummaryPPT
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May 2026TranscriptAI SummaryPPT
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Feb 2026TranscriptAI SummaryPPT
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Nov 2025TranscriptAI SummaryPPT
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May 2025TranscriptAI SummaryPPT
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Feb 2025TranscriptAI SummaryPPT
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Nov 2024Transcript PPT REC
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Oct 2024TranscriptAI SummaryPPT
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Aug 2024TranscriptAI SummaryPPT
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Jun 2024Transcript PPT
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Feb 2024TranscriptAI SummaryPPT
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Jun 2023TranscriptAI SummaryPPT
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Feb 2023TranscriptAI SummaryPPT
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Dec 2022TranscriptAI SummaryPPT
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Nov 2021TranscriptAI SummaryPPT
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Sep 2021TranscriptAI SummaryPPT
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Jul 2021TranscriptAI SummaryPPT
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Jul 2021TranscriptAI SummaryPPT
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]