TARC Ltd

₹ 171 3.12%

18 Sep - close price

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 ₹ 5,051 Cr.
Current Price ₹ 171
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

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Pros

Cons

Stock is trading at 4.01 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.
Contingent liabilities of Rs.2,794 Cr.
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.

Peer comparison

Consumer Discretionary Realty Realty Residential, Commercial Projects

Part of BSE SmallCap BSE Allcap BSE Consumer Discretionary Nifty Microcap 250 Nifty Total Market

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Detailed Comparison with:

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:	57%
1 Year:	-25%

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 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
	-0	70	158	-50	-27	-8	258
	0	56	41	363	-386	105	511
	0	-132	-196	-307	477	-165	-751
Net Cash Flow	-0	-5	3	6	64	-67	18

Ratios

Standalone Figures in Rs. Crores / View Consolidated

	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
Days Payable
Cash Conversion Cycle		0	28	410	906	2,927	7,539
Working Capital Days		1,079	682	272	2,604	7,613	5,819
ROCE %	-29%	1%	1%	-3%	5%	3%	0%

Shareholding Pattern

Numbers in percentages

	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 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	64,694	63,165	61,463	54,043	54,087	56,710	61,015	60,052	59,935	62,404	62,161	59,880

	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Jun 2025
	65.56%	65.57%	64.96%	64.96%	65.12%	65.12%
	5.78%	4.62%	1.37%	2.40%	2.46%	2.30%
	0.02%	0.01%	0.02%	1.29%	4.89%	5.44%
	28.64%	29.80%	33.65%	31.35%	27.54%	27.14%
No. of Shareholders	44,894	60,857	61,463	61,015	62,161	59,880

* 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.

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