TARC Ltd

TARC Ltd Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

TARC Ltd

₹ 129 -1.35%
05 Jun - close price
tarc.in BSE: 543249 NSE: TARC
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 ₹ 3,795 Cr.
  • Current Price ₹ 129
  • High / Low ₹ 206 / 109
  • Stock P/E 199
  • Book Value ₹ 36.0
  • Dividend Yield 0.00 %
  • ROCE 2.26 %
  • ROE 1.81 %
  • Face Value ₹ 2.00
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Pros

Cons

  • Stock is trading at 3.58 times its book value
  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of 11.6% over past five years.
  • Company has a low return on equity of -8.05% over last 3 years.
  • Company might be capitalizing the interest cost
  • Earnings include an other income of Rs.342 Cr.

* 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 Nifty Total Market BSE 1000 Nifty Smallcap 500

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
134.99 62.94 29.72 9.30 9.48 8.21 4.31 9.35 11.82 75.89 6.87 38.38 208.70
96.99 21.83 39.11 3.76 13.58 22.82 28.71 20.53 95.47 196.20 42.51 56.59 298.97
Operating Profit 38.00 41.11 -9.39 5.54 -4.10 -14.61 -24.40 -11.18 -83.65 -120.31 -35.64 -18.21 -90.27
OPM % 28.15% 65.32% -31.59% 59.57% -43.25% -177.95% -566.13% -119.57% -707.70% -158.53% -518.78% -47.45% -43.25%
0.55 1.63 4.96 2.49 0.88 1.41 0.71 1.87 2.08 219.47 27.23 3.92 91.32
Interest 28.69 34.06 11.80 34.89 41.89 12.79 49.44 19.38 24.83 15.28 11.23 10.89 15.21
Depreciation 1.50 1.19 1.88 1.51 1.91 1.62 2.61 2.44 2.32 2.41 2.40 2.39 2.90
Profit before tax 8.36 7.49 -18.11 -28.37 -47.02 -27.61 -75.74 -31.13 -108.72 81.47 -22.04 -27.57 -17.06
Tax % 81.58% 5.07% -105.96% 18.05% 10.04% 11.16% -11.06% -7.84% -3.83% 33.45% -28.45% -23.72% -109.44%
1.53 7.11 1.07 -33.49 -51.73 -30.67 -67.36 -28.69 -104.56 54.21 -15.77 -21.03 1.61
EPS in Rs 0.05 0.24 0.04 -1.13 -1.75 -1.04 -2.28 -0.97 -3.54 1.84 -0.53 -0.71 0.05
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
137 191 251 369 111 34 330
112 191 435 205 133 167 594
Operating Profit 25 -0 -184 164 -22 -133 -264
OPM % 19% -0% -74% 44% -20% -395% -80%
72 30 50 2 4 5 342
Interest 25 21 86 117 62 106 53
Depreciation 8 8 9 7 6 9 10
Profit before tax 65 1 -229 41 -86 -243 15
Tax % 18% -563% 1% 50% -10% -5% -29%
53 6 -233 20 -77 -231 19
EPS in Rs 0.21 -7.89 0.69 -2.61 -7.84 0.65
Dividend Payout % 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: %
5 Years: 12%
3 Years: -4%
TTM: 879%
Compounded Profit Growth
10 Years: %
5 Years: 25%
3 Years: -5%
TTM: 108%
Stock Price CAGR
10 Years: %
5 Years: 35%
3 Years: 30%
1 Year: -26%
Return on Equity
10 Years: %
5 Years: -8%
3 Years: -8%
Last Year: 2%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Equity Capital 59 59 59 59 59 59 59
Reserves 1,499 1,505 1,273 1,293 1,216 984 1,003
1,298 1,321 1,179 1,386 1,393 1,954 1,895
471 521 468 428 796 1,217 1,643
Total Liabilities 3,327 3,407 2,979 3,166 3,463 4,214 4,600
1,564 1,662 1,053 1,066 1,107 1,215 1,320
CWIP 73 0 0 0 0 0 0
Investments 138 138 68 68 68 68 0
1,552 1,607 1,858 2,032 2,289 2,931 3,279
Total Assets 3,327 3,407 2,979 3,166 3,463 4,214 4,600

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
116 144 -81 -81 158 43 191
17 23 367 75 -39 -68 275
-143 -161 -279 96 -166 14 -436
Net Cash Flow -9 6 7 89 -47 -11 29
Free Cash Flow 66 161 280 -12 117 6 159
CFO/OP 457% -63,382% 38% -41% -752% -46% -81%

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Debtor Days 8 32 7 9 20 107 8
Inventory Days
Days Payable
Cash Conversion Cycle 8 32 7 9 20 107 8
Working Capital Days 368 263 -516 760 1,218 1,121 703
ROCE % 1% -5% 6% -1% -5% 2%

Insights

In beta
Mar 2021 Mar 2022 Mar 2023 Mar 2024 Nov 2025
Average Realization Price (Delhi/Gurugram)
INR per Sq. Ft.

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Land Bank Size
Acres
Area Under Development
Million Sq. Ft.
Ongoing Projects Gross Development Value (GDV)
INR Crore
Pre-sales (Gross Sales)
INR Crore
Sales Collections
INR Crore
TARC Tripundra Units Sold
Percentage
Inventory Sold (Ongoing Projects)
Percentage
TARC Kailasa Units Sold
Percentage

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
64.96% 64.96% 64.96% 64.96% 64.96% 64.96% 64.96% 65.12% 65.12% 65.12% 65.12% 65.12%
2.15% 1.85% 1.92% 2.40% 2.89% 2.72% 2.35% 2.46% 2.30% 2.00% 1.22% 0.92%
0.36% 0.42% 0.89% 1.29% 1.95% 3.31% 4.34% 4.89% 5.44% 5.81% 6.31% 6.40%
32.53% 32.77% 32.22% 31.35% 30.20% 29.01% 28.35% 27.54% 27.14% 27.07% 27.36% 27.56%
No. of Shareholders 54,04354,08756,71061,01560,05259,93562,40462,16159,88057,95356,28754,264

* 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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Documents

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