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TARC Ltd (TARC)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 543249 NSE: TARC Construction - Real Estate | Small Cap | TARC Share Price

₹128 -1.40 (-1.08%)

As on 16-Jun'26 16:59

TARC Ltd (TARC)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 543249 NSE: TARC Construction - Real Estate | Small Cap | TARC Share Price

₹128 -1.40 (-1.08%)

As on 16-Jun'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹3,819 Cr.
Current Price
₹128
52-Week Low / High
₹111 / 206
TTM EPS
₹-5.6
TTM Sales
₹35.7 Cr.
Book Value per Share
₹37.1
P/E Ratio
0.00
Industry PE
44.4
Price to Book (P/B)
3.49
Higher than its 5-year historical median
Price to Sales (P/S)
107.00
Higher than its 5-year historical median
EV/EBITDA
-29.53
Lower than its 5-year historical median
Dividend Yield
0%
Profitability Efficiency
Return on Equity (ROE)
-8.02%
Underperforms industry median
Return on Capital Employed (ROCE)
0.03%
Underperforms industry median
Return on Assets (ROA)
-3.70%
Operating Profit Margin
-579.6%
Net Profit Margin
-770.11%
Gross Profit Margin
-711%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Slowing versus 3-year growth rate
-77.35%
Operating Profit Growth (1 Year)
-
-
Net Profit Growth (1 Year)
-
-872.01%
Asset Quality
Promoter Holding
65.12%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹1,036 Cr.
Equity
₹59 Cr.
Face Value
₹2
All Time Low / High
₹19.00 / 275.50

TARC stock performance

Key Ratios
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Check Before You Invest

Valuation

Somewhat Overvalued

Price Trend

Semi Strong
Q.1 Is TARC Ltd a good quality company?
TARC Ltd is a weak quality company, based on a inconsistent multi-year financial track record.

This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.

We have analysed the performance of the company on the following:

  • How has it performed on generating Profits?

    By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.

  • How efficiently has it utilized Capital?

    By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.

  • How is it managing its Debt?

    By checking its Debt to Equity and Cash Flow from Operations.

How does TARC Ltd performance compare with that of its Peers?
Q.1 Revenue growth of TARC Ltd vs industry peers?
TARC Ltd revenue CAGR is -33.78%, compared to the industry median CAGR of 0.00%, indicating slower growth and losing its market share.
Q.1 Promoter shareholding and pledge status of TARC Ltd?
Promoters hold 65.12% of the TARC Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Q.1 Stock return of TARC Ltd over the last decade?
Over the last 5 year(s), the stock has delivered a CAGR of 35.62% based on the current price.

10 Year X-Ray :

Analysis of Financial Track Record (Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end)

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
TARC Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
ROCE % 0%0%0%0%0.7%0.5%-3.3%5.2%2.7%0%-
Value Creation
Index
NANANANA-1.0-1.0-1.2-0.6-0.8-1.0-

Growth Parameters

Sales 000010717543719760.413.736
Sales YoY Gr.-NANANANA62.5%150.1%-55%-69.3%-77.4%-
Adj EPS 000000.2-50.50.5-3.3-5.6
YoY Gr.-NANANANANA-3023.5%NA-6.1%-819.6%-
BVPS (₹) 0000050.345.445.846.342.737.1
Adj Net
Profit
00004.44.9-14714.413.7-97.6-166
Cash Flow from Ops. 000070.3158-50.3-27-8258-
Debt/CF from Ops. 000015.26.7-17-53.3-180.24.6-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales NA-33.8%-68.5%-77.4%
Adj EPS NANANA-819.6%
BVPSNANA-2%-7.7%
Share Price - 34% 27.1% -31.8%

Key Financial Parameters

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity %
00000.30.3-10.41.11-7.4-14.1
Op. Profit
Mgn %
00008.16.3-23.63.6-64.9-579.6-99
Net Profit
Mgn %
00004.12.8-33.67.322.6-713.5-463.9
Debt to
Equity
00000.80.70.61.11.10.90.4
Working Cap
Days
000002,9871,3703,77613,85560,02840,084
Cash Conv.
Cycle
000001,7176931,6785,37325,11214,037

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Sales1071754361976014
Operating Expenses + 99164539190100104
Manufacturing Costs111001
Material Costs821434751625937
Employee Cost 9768109
Other Costs 71257193057
Operating Profit 911-1037-39-90
Operating Profit Margin (%) 8.1%6.3%-23.6%3.6%-64.9%-660.0%
Other Income + 1152512311794
Exceptional Items 000000
Interest 1485211758101
Depreciation 222233
Profit Before Tax 35-1321217-100
Tax -2015-335
Profit After Tax 45-1471414-105
PAT Margin (%) 4.1%2.8%-33.6%7.3%22.6%-770.0%
Adjusted EPS (₹)0.00.2-5.00.50.5-3.6
Dividend Payout Ratio (%)0%0%0%0%0%0%

Valuation of TARC - Standalone

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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Analyst's Notes

data not found
No data found!

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'20Mar'21Mar'22Mar'23Mar'24Mar'25

Equity and Liabilities

Shareholders Fund + 1,4211,4851,3381,3531,3661,261
Share Capital 05959595959
Reserves 1,4211,4261,2791,2941,3071,202
Debt +804847491,2411,048402
Long Term Debt72776101,1329253
Short Term Debt788649109123399
Minority Interest000000
Trade Payables18303013922
Others Liabilities 5614581,0242705351,049
Total Liabilities 2,8052,8202,4422,8762,9592,733

Fixed Assets

Net Fixed Assets +28128668108
Gross Block28629313162122
Accumulated Depreciation56791215
CWIP 000000
Investments 566558558558558547
Inventories829848498378445677
Trade Receivables013490488484283
Cash Equivalents 241075726
Others Assets 1,1271,1108791,3691,4541,194
Total Assets 2,8052,8202,4422,8762,9592,733

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity + 70158-50-27-8258
PBT 35-1321217-100
Adjustment 119-93-15-4632
Changes in Working Capital 59144186-2621334
Tax Paid -2-1-121-0-7
Cash Flow From Investing Activity + 5641363-386105511
Capex 3-43616-7-2
Net Investments -1023-0-0-2
Others 6343-2-391113515
Cash Flow From Financing Activity -132-196-307477-165-751
Net Proceeds from Shares + 000000
Net Proceeds from Borrowing 3-25-7610-198-374
Interest Paid -140-127-97-107-171-477
Dividend Paid 000000
Others 5-45552585204100
Net Cash Flow -53664-6718

Financial Ratio

PARTICULARSMar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Ratios
ROE (%)0.310.34-10.381.071-8.02
ROCE (%)0.670.54-3.345.152.660.03
Asset Turnover Ratio0.040.060.170.070.020
PAT to CFO Conversion(x)17.531.6N/A-1.93-0.57N/A
Working Capital Days
Receivable Days0.3014210.50908.302,937.800
Inventory Days2,817.301,753.40562.80813.802,486.400
Payable Days81.1061.5023.2048.3067.30151.10

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

TARC Ltd FAQs

The current trading price of TARC on 16-Jun-2026 16:59 is ₹128.0.

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 15-Jun-2026 the market cap of TARC stood at ₹3,818.6 Cr

The latest P/E ratio of TARC as of 15-Jun-2026 is 0.00.

The latest P/B ratio of TARC as of 15-Jun-2026 is 3.49.

The 52-week high of TARC is ₹206.1 and the 52-week low is ₹110.5.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of TARC is ₹35.69 ( Cr.) .

Past 10 year’s financial track record analysis by Moneyworks4me indicates that TARC Ltd is a below average quality company.

The key valuation ratios of TARC Ltd's currently when compared to its past seem to suggest it is in the Somewhat overvalued zone.

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of TARC Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.

About TARC Ltd

TARC (The Anant Raj Corporation) has started its journey nearly four decades ago to fulfil customer’s needs and aspirations at the heart of its work. The company’s commitment to the vision of leading with quality along with a strong understanding of the real estate industry has played a pivotal role in charting out a clear roadmap for the growth of TARC.

The philosophy of staying focused on its core strengths in the key market of New Delhi has enabled the company to curate a distinctive and diversified land bank in the National Capital Region of India.

Through these years of consistent growth, the company been able to consolidate strategic land parcels and establish a distinct positioning by remaining dedicated to high quality projects in New Delhi. The company has led through its core competencies and by creating its own unique integrated development framework. It is here that the company has acquired and built strong domain capabilities in land acquisition along with conceptualizing, designing and completing projects across different verticals.

The company has expanded its presence in New Delhi through key developments across different verticals like residential, offices, hospitality and retail projects. A vibrant market with evolving lifestyles in urban India, provides it with a huge opportunity to create and curate future-ready developments. The company has focussed on its consumer centric design-led approach and have now empowered it with international collaborations. 

Business area of the company

The business 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 strong work ethics and the trust earned during this journey became the bedrock for higher growth.

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