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 ₹ 4,691 Cr.
- Current Price ₹ 159
- High / Low ₹ 185 / 48.1
- Stock P/E
- Book Value ₹ 46.1
- Dividend Yield 0.00 %
- ROCE 6.03 %
- ROE 1.52 %
- Face Value ₹ 2.00
Pros
Cons
- Stock is trading at 3.45 times its book value
- Company has low interest coverage ratio.
- Company has a low return on equity of -4.83% over last 3 years.
* 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
Sector: Realty Industry: Construction
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | TTM | |
|---|---|---|---|---|---|
| 137 | 191 | 251 | 369 | 237 | |
| 112 | 191 | 435 | 209 | 148 | |
| Operating Profit | 25 | -0 | -184 | 160 | 89 |
| OPM % | 19% | -0% | -74% | 43% | 37% |
| 72 | 30 | 50 | 6 | 10 | |
| Interest | 25 | 21 | 86 | 117 | 123 |
| Depreciation | 8 | 8 | 9 | 7 | 6 |
| Profit before tax | 65 | 1 | -229 | 41 | -31 |
| Tax % | 18% | -563% | -1% | 50% | |
| 53 | 6 | -233 | 20 | -24 | |
| EPS in Rs | 0.21 | -7.89 | 0.69 | -0.80 | |
| Dividend Payout % | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 39% |
| TTM: | 10% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | -27% |
| TTM: | 89% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 77% |
| 1 Year: | 219% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | -5% |
| Last Year: | 2% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Sep 2023 | |
|---|---|---|---|---|---|
| Equity Capital | 59 | 59 | 59 | 59 | 59 |
| Reserves | 1,499 | 1,505 | 1,273 | 1,293 | 1,301 |
| 1,298 | 1,321 | 1,179 | 1,386 | 1,332 | |
| 471 | 521 | 468 | 419 | 556 | |
| Total Liabilities | 3,327 | 3,407 | 2,979 | 3,157 | 3,248 |
| 1,564 | 1,662 | 1,053 | 1,066 | 1,073 | |
| CWIP | 73 | 0 | 0 | 0 | 0 |
| Investments | 138 | 138 | 68 | 68 | 68 |
| 1,552 | 1,607 | 1,858 | 2,023 | 2,107 | |
| Total Assets | 3,327 | 3,407 | 2,979 | 3,157 | 3,248 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
|---|---|---|---|---|
| 116 | 144 | -81 | -81 | |
| 17 | 23 | 367 | 75 | |
| -143 | -161 | -279 | 96 | |
| Net Cash Flow | -9 | 6 | 7 | 89 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
|---|---|---|---|---|
| Debtor Days | 8 | 32 | 7 | 9 |
| Inventory Days | ||||
| Days Payable | ||||
| Cash Conversion Cycle | 8 | 32 | 7 | 9 |
| Working Capital Days | 483 | 839 | 1,193 | 944 |
| ROCE % | 1% | -5% | 6% |
Documents
Announcements
-
Announcement under Regulation 30 (LODR)-Press Release / Media Release
16 Apr - Press release titled "TARC Limited - Operational Milestones FY2023-24"
- Announcement under Regulation 30 (LODR)-Credit Rating 13 Apr
- Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate 12 Apr
- Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate 12 Apr
- Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure A 10 Apr
Business Services
The company creates beautiful homes, harmonious workspaces, Luxury Residences, Lifestyle Hubs, Industrial Parks, and welcoming lifestyle hubs. [1]