TARC Ltd

₹ 127 -5.06%

13 Nov - 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 ₹ 3,729 Cr.
Current Price ₹ 127
High / Low ₹ 186 / 106
Stock P/E
Book Value ₹ 36.0
Dividend Yield 0.00 %
ROCE -7.27 %
ROE -14.1 %
Face Value ₹ 2.00

Add ratio to table

Edit ratios

Pros

Company has reduced debt.

Cons

Stock is trading at 3.52 times its book value
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.3,131 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 BSE 1000 Nifty Smallcap 500 Nifty Total Market

Edit Columns

Loading peers table ...

Detailed Comparison with:

Half Yearly Results

Standalone Figures in Rs. Crores / View Consolidated

	Sep 2020	Sep 2021	Sep 2022	Sep 2023	Sep 2024	Sep 2025	Sep 2026
	54	384	26	45	6	2	11
YoY Sales growth		+608%	-93%	+71%	-87%	-69%	+526%
	52	322	20	62	20	156	40
Operating Profit	2	63	6	-17	-14	-155	-29
OPM %	4.2%	16%	24%	-38%	-253%	-8,684%	-260%
	2	3	59	61	53	4	4
Interest	3	10	64	32	60	23	19
Depreciation	1	1	1	1	2	1	1
Profit before tax	0	54	1	12	-22	-176	-45
Tax %	-179%	69%	19%	-4%	-24%	-7%	-28%
	1	17	1	12	-17	-164	-33
EPS in Rs		0.57	0.03	0.40	-0.57	-5.56	-1.11
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
Sales growth				+62%	+150%	-55%	-69%	-77%	+161%
	0	0	99	164	539	190	100	104	201
Operating Profit	0	-0	9	11	-103	7	-39	-90	-165
OPM %			8%	6%	-24%	3.6%	-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:	21%
3 Years:	7%
1 Year:	-12%

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	Sep 2026
Equity Capital	0.05	0.05	59	59	59	59	59	59	59	59
Reserves	-0	-0	1,421	1,426	1,279	1,294	1,307	1,202	1,036	1,003
	0	0	1,069	1,065	861	1,447	1,454	1,182	809	773
	0	0	357	370	331	166	226	372	732	1,046
Total Liabilities	0	0	2,905	2,920	2,531	2,965	3,045	2,815	2,636	2,881
	0	0	810	827	26	24	27	26	24	23
CWIP	0	0	0	0	0	0	0	0	0	0
Investments	0	0	566	558	558	558	558	547	513	513
	0	0	1,529	1,535	1,946	2,383	2,460	2,242	2,099	2,345
Total Assets	0	0	2,905	2,920	2,531	2,965	3,045	2,815	2,636	2,881

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	257	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	255	422
CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit		100%	831%	1,444%	37%	-404%	20%	-293%	-247%

Ratios

Standalone / View Consolidated

	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

Mar 2026

GDV of Under-Development Residential Projects
INR Crore

x,xxx	x,xxx	x,xxx	x,xxx	x,xxx
xxx	xxx	xxx	xxx	xxx
xxx	x,xxx	xxx	xxx	x,xxx
x.xx	x.xx	x.xx	x.xx	x.xx
	xx	xx	xx	xx
	xx,xxx	xx,xxx	xx,xxx
		xxx	xxx	xxx
		x,xxx	x,xxx	x,xxx

Please log in to see hidden values.

Land Bank (fully paid)
Acres

Number of Apartments in Under-Development Projects
Number

Saleable Area of Under-Development Projects
Million Sq. Ft.

TARC Tripundra - % Sold of Total Inventory
% of Units Sold

Average Realization (Tripundra Project)
INR per Sq. Ft.

Collections (from project sales)
INR Crore

Pre-sales/Bookings (Residential)
INR Crore

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
	64.96%	64.96%	64.96%	64.96%	64.96%	65.12%	65.12%	65.12%	65.12%	65.12%	65.12%	65.12%
	1.92%	2.40%	2.89%	2.72%	2.35%	2.46%	2.30%	2.00%	1.22%	0.92%	0.99%	1.09%
	0.89%	1.29%	1.95%	3.31%	4.34%	4.89%	5.44%	5.81%	6.31%	6.40%	6.44%	5.93%
	32.22%	31.35%	30.20%	29.01%	28.35%	27.54%	27.14%	27.07%	27.36%	27.56%	27.46%	27.86%
No. of Shareholders	56,710	61,015	60,052	59,935	62,404	62,161	59,880	57,953	56,287	54,264	53,065	53,592

	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	Sep 2026
	65.56%	65.57%	64.96%	64.96%	65.12%	65.12%	65.12%
	5.78%	4.62%	1.37%	2.40%	2.46%	0.92%	1.09%
	0.02%	0.01%	0.02%	1.29%	4.89%	6.40%	5.93%
	28.64%	29.80%	33.65%	31.35%	27.54%	27.56%	27.86%
No. of Shareholders	44,894	60,857	61,463	61,015	62,161	54,264	53,592

* 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.

Documents

Announcements

All

Annual reports

Credit ratings

Concalls

Nov 2026

Transcript

AI Summary
PPT
Aug 2026

Transcript

AI Summary
PPT
May 2026

Transcript

AI Summary
PPT
Feb 2026

Transcript

AI Summary
PPT
Nov 2025

Transcript

AI Summary
PPT
May 2025

Transcript

AI Summary
PPT
Feb 2025

Transcript

AI Summary
PPT
Nov 2024
Transcript PPT REC
Oct 2024

Transcript

AI Summary
PPT
Aug 2024

Transcript

AI Summary
PPT
Jun 2024
Transcript PPT
Feb 2024

Transcript

AI Summary
PPT
Jun 2023

Transcript

AI Summary
PPT
Feb 2023

Transcript

AI Summary
PPT
Dec 2022

Transcript

AI Summary
PPT
Nov 2021

Transcript

AI Summary
PPT
Sep 2021

Transcript

AI Summary
PPT
Jul 2021

Transcript

AI Summary
PPT
Jul 2021

Transcript

AI Summary
PPT