TARC Ltd

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

TARC Ltd

₹ 166 -2.64%
02 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 ₹ 4,912 Cr.
  • Current Price ₹ 166
  • 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 3.90 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.
  • Earnings include an other income of Rs.94.3 Cr.
  • Company has high debtors of 7,539 days.
  • Working capital days have increased from 17,032 days to 37,134 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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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025
7 13 13 87 83 23 22 6 10 5 1 4 4
193 6 14 78 92 32 30 15 23 10 10 13 71
Operating Profit -186 8 -1 9 -8 -9 -8 -9 -13 -5 -9 -9 -67
OPM % -2,478% 56% -10% 10% -10% -37% -39% -149% -137% -109% -1,069% -198% -1,843%
6 29 31 19 44 31 30 29 26 26 27 18 23
Interest 21 35 28 24 29 21 11 16 10 12 47 17 24
Depreciation 0 0 0 0 0 0 1 1 1 1 1 1 1
Profit before tax -201 0 1 4 7 1 10 4 1 8 -31 -9 -69
Tax % -13% -93% 55% -47% -14% 26% -8% 75% 50% 26% -25% -28% 18%
-175 1 0 6 8 1 11 1 1 6 -23 -6 -82
EPS in Rs -5.93 0.02 0.01 0.20 0.26 0.04 0.37 0.03 0.02 0.21 -0.78 -0.21 -2.78
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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
0 0 107 175 436 197 60 14
0 0 99 164 539 190 100 104
Operating Profit 0 -0 9 11 -103 7 -39 -90
OPM % 8% 6% -24% 4% -65% -661%
0 0 11 5 25 123 117 94
Interest 0 0 14 8 52 117 58 101
Depreciation 0 0 2 2 2 2 3 3
Profit before tax 0 -0 3 5 -132 12 17 -100
Tax % 0% -65% 7% 11% -21% 19% 5%
0 -0 4 5 -147 14 14 -105
EPS in Rs 0.17 -4.97 0.49 0.46 -3.57
Dividend Payout % 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: %
5 Years: -34%
3 Years: -68%
TTM: -77%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: 9%
TTM: -872%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: 64%
1 Year: -1%
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 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
0 -0 70 158 -50 -27 -8
0 0 56 41 363 -386 105
0 0 -132 -196 -307 477 -165
Net Cash Flow 0 -0 -5 3 6 64 -67

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2018 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 6,660
Days Payable 213
Cash Conversion Cycle 0 28 410 906 2,927 13,985
Working Capital Days 1,343 1,305 988 3,180 10,781 37,134
ROCE % -29% 1% 1% -3% 5% 3% 0%

Shareholding Pattern

Numbers in percentages

Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025
65.57% 65.92% 65.92% 64.96% 64.96% 64.96% 64.96% 64.96% 64.96% 64.96% 64.96% 65.12%
2.35% 1.40% 1.57% 1.37% 2.15% 1.85% 1.92% 2.40% 2.89% 2.72% 2.35% 2.46%
0.27% 0.27% 0.02% 0.02% 0.36% 0.42% 0.89% 1.29% 1.95% 3.31% 4.34% 4.89%
31.82% 32.41% 32.48% 33.65% 32.53% 32.77% 32.22% 31.35% 30.20% 29.01% 28.35% 27.54%
No. of Shareholders 65,48964,69463,16561,46354,04354,08756,71061,01560,05259,93562,40462,161

* 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.

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