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10 Yrs X-Ray 
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About
TARC Ltd (TARC)
Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 543249 NSE: TARC Construction - Real Estate | Small Cap | TARC Share Price
₹131.35 2.80 (2.18%)
As on 11-Sep'26 15:50
TARC Ltd (TARC)
Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 543249 NSE: TARC Construction - Real Estate | Small Cap | TARC Share Price
₹131.35 2.80 (2.18%)
As on 11-Sep'26 15:50
Key Metrics
Valuation Multiples
Market Cap
₹3,793 Cr.
Current Price
₹131.4
52-Week Low / High
₹111 / 186
TTM EPS
₹-0.4
TTM Sales
₹471 Cr.
Book Value per Share
₹36.8
P/E Ratio
0.00
Industry PE
44.5
Price to Book (P/B)
3.50
Higher than its 5-year historical median
Price to Sales (P/S)
8.05
Lower than its 5-year historical median
EV/EBITDA
278.29
Higher than its 5-year historical median
Dividend Yield
0%
Profitability Efficiency
Return on Equity (ROE)
1.81%
Outperforms industry median
Return on Capital Employed (ROCE)
2.31%
Underperforms industry median
Return on Assets (ROA)
0.44%
Operating Profit Margin
-68.7%
Net Profit Margin
5.77%
Gross Profit Margin
7.6%
Growth Momentum
1-yr vs 3-yr growth
1-yr vs 3-yr growth
Sales Growth (1 Year)
Improving versus 3-year growth rate
160.89%
Operating Profit Growth (1 Year)
-
-
Net Profit Growth (1 Year)
-
-
Asset Quality
Promoter Holding
65.12%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹1,026 Cr.
Equity
₹59 Cr.
Face Value
₹2
All Time Low / High
₹19.00 / 275.50
Check Before You Invest
Quality
Not GoodValuation
Somewhat OvervaluedCheck Valuation charts
Price Trend
Semi Strong
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?
Revenue growth of TARC Ltd vs industry peers?
TARC Ltd revenue CAGR is -27.20%, compared to the industry median CAGR of 0%, indicating slower growth and losing its market share.
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.
Stock return of TARC Ltd over the last decade?
Over the last 5 year(s), the stock has delivered a CAGR of 26.65% 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 endData adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
What is a Financial Track Record? How to read this chart in order to understand the data present here?
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'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % ⓘ | 0% | 0% | 0% | 0.7% | 0.5% | -3.3% | 5.2% | 2.7% | 0% | -7.3% | - |
| Value Creation Index ⓘ | NA | NA | NA | -1.0 | -1.0 | -1.2 | -0.6 | -0.8 | -1.0 | -1.5 | - |
Growth Parameters ⓘ |
|||||||||||
| Sales ⓘ | 0 | 0 | 0 | 107 | 175 | 437 | 197 | 60.4 | 13.7 | 35.7 | 46 |
| Sales YoY Gr. | - | NA | NA | NA | 62.5% | 150.1% | -55% | -69.3% | -77.4% | 160.9% | - |
| Adj EPS ⓘ | 0 | 0 | 0 | 0 | 0.2 | -5 | 0.5 | 0.5 | -3.3 | -4.8 | -1.8 |
| YoY Gr. | - | NA | NA | NA | NA | -3023.5% | NA | -6.1% | -819.6% | NA | - |
| BVPS (₹) ⓘ | 0 | 0 | 0 | 0 | 50.3 | 45.4 | 45.8 | 46.3 | 42.7 | 37.1 | 36.3 |
| Adj Net Profit ⓘ | 0 | 0 | 0 | 4.4 | 4.9 | -147 | 14.4 | 13.7 | -97.6 | -142 | -53 |
| Cash Flow from Ops. ⓘ | 0 | 0 | 0 | 70.3 | 158 | -50.3 | -27 | -8 | 257 | 423 | - |
| Debt/CF from Ops. ⓘ | 0 | 0 | 0 | 15.2 | 6.7 | -17 | -53.3 | -180.2 | 4.6 | 1.9 | - |
CAGR ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | NA | -27.2% | -43.4% | 160.9% | ||||
| Adj EPS ⓘ | NA | -295.1% | -314.1% | NA | ||||
| BVPSⓘ | NA | -5.9% | -6.8% | -13.1% | ||||
| Share Price | - | 27% | 12.6% | -16.7% | ||||
Key Financial Parameters ⓘ
| Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | 0 | 0 | 0 | 0.3 | 0.3 | -10.4 | 1.1 | 1 | -7.4 | -12.1 | -4.9 |
| Op. Profit Mgn % ⓘ | 0 | 0 | 0 | 8.1 | 6.3 | -23.6 | 3.6 | -64.9 | -579.6 | -398 | -104.7 |
| Net Profit Mgn % ⓘ | 0 | 0 | 0 | 4.1 | 2.8 | -33.6 | 7.3 | 22.6 | -713.5 | -398.1 | -114.1 |
| Debt to Equity ⓘ | 0 | 0 | 0 | 0.8 | 0.7 | 0.6 | 1.1 | 1.1 | 0.9 | 0.7 | - |
| Working Cap Days ⓘ | 0 | 0 | 0 | 0 | 2,987 | 1,370 | 3,776 | 13,855 | 60,028 | 20,882 | 40,084 |
| Cash Conv. Cycle ⓘ | 0 | 0 | 0 | 0 | 1,717 | 693 | 1,678 | 5,373 | 25,056 | 9,877 | 14,037 |
Valuation of TARC - Consolidated
Analyst's Notes
No data found!
Management X-Ray
Shareholding Pattern
Promoter's Holding & Share Pledging
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
* Pledged shares as % of Promoter's holding (%)
Financials
| PARTICULARS | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 |
|---|---|---|---|---|---|---|---|
| Sales | 137 | 191 | 251 | 369 | 111 | 34 | 330 |
| Operating Expenses ⓘ + | 112 | 191 | 435 | 209 | 139 | 167 | 661 |
| Operating Profit ⓘ | 25 | -0 | -184 | 160 | -28 | -133 | -331 |
| Operating Profit Margin (%) | 18.5% | -0.1% | -73.6% | 43.3% | -24.9% | -394.0% | -100.0% |
| Other Income ⓘ + | 72 | 30 | 50 | 6 | 10 | 5 | 410 |
| Interest ⓘ | 25 | 21 | 86 | 117 | 62 | 106 | 54 |
| Depreciation ⓘ | 8 | 8 | 9 | 7 | 6 | 9 | 10 |
| Profit Before Tax ⓘ | 65 | 1 | -229 | 41 | -86 | -243 | 15 |
| Tax ⓘ | 12 | -5 | 3 | 21 | -9 | -12 | -4 |
| Profit After Tax | 53 | 6 | -233 | 20 | -77 | -231 | 19 |
| PAT Margin (%) | 38.7% | 3.2% | -92.9% | 5.5% | -69.1% | -686.0% | 5.8% |
| Adjusted EPS (₹) | 0.0 | 0.2 | -7.9 | 0.7 | -2.6 | -7.8 | 0.7 |
| Dividend Payout Ratio (%) | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| PARTICULARS | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 | ||||
|---|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | |||||||||||
| Shareholders Fund + | 1,499 | 1,564 | 1,332 | 1,352 | 1,275 | 1,043 | 1,062 | ||||
| Debt + | 1,020 | 1,083 | 52 | 1,181 | 987 | 1,132 | 1,615 | ||||
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||||
| Trade Payables | 28 | 52 | 42 | 24 | 25 | 60 | 77 | ||||
| Others Liabilities ⓘ | 684 | 606 | 1,455 | 525 | 1,101 | 1,889 | 1,729 | ||||
| Total Liabilities ⓘ | 3,231 | 3,305 | 2,881 | 3,082 | 3,387 | 4,124 | 4,483 | ||||
Fixed Assets | |||||||||||
| Net Fixed Assets ⓘ + | 629 | 630 | 453 | 662 | 660 | 684 | 689 | ||||
| CWIP ⓘ | 73 | 0 | 0 | 0 | 0 | 0 | 0 | ||||
| Investments ⓘ | 138 | 138 | 68 | 68 | 68 | 68 | 0 | ||||
| Inventories | 829 | 848 | 1,065 | 1,106 | 1,385 | 1,951 | 2,396 | ||||
| Trade Receivables | 3 | 17 | 5 | 10 | 6 | 10 | 7 | ||||
| Cash Equivalents | 3 | 15 | 28 | 115 | 67 | 52 | 81 | ||||
| Others Assets ⓘ | 1,555 | 1,658 | 1,262 | 1,121 | 1,201 | 1,359 | 1,310 | ||||
| Total Assets ⓘ | 3,231 | 3,305 | 2,881 | 3,082 | 3,387 | 4,124 | 4,483 | ||||
| PARTICULARS | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 |
|---|---|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ + | 116 | 144 | -81 | -81 | 158 | 42 | 191 |
| Cash Flow From Investing Activity ⓘ + | 17 | 23 | 367 | 75 | -39 | -68 | 275 |
| Cash Flow From Financing Activity ⓘ | -143 | -161 | -279 | 96 | -166 | 15 | -436 |
| Net Proceeds from Shares ⓘ + | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Cash Flow ⓘ | -9 | 6 | 7 | 89 | -47 | -11 | 29 |
| PARTICULARS | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 | |||
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 3.54 | 0.4 | -16.07 | 1.52 | -5.87 | -19.96 | 1.81 | |||
| ROCE (%) | 3.15 | 0.75 | -5.31 | 6.05 | -0.9 | -4.84 | 2.31 | |||
| Asset Turnover Ratio | 0.04 | 0.06 | 0.08 | 0.12 | 0.03 | 0.01 | 0.08 | |||
| PAT to CFO Conversion(x) | 2.19 | 24 | N/A | -4.05 | N/A | N/A | 10.05 | |||
| Working Capital Days | ||||||||||
| Receivable Days | 8 | 19 | 15.80 | 7.10 | 25.90 | 87.20 | 9.30 | |||
| Inventory Days | 2,204 | 1,602.80 | 1,393.20 | 1,075 | 4,079.10 | 0 | 2,405.30 | |||
| Payable Days | 112.30 | 87.80 | 60.70 | 232.10 | 138.50 | -46.40 | 9,975.80 | |||
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Announcements
TARC Ltd FAQs
The current trading price of TARC on 11-Sep-2026 15:50 is ₹131.3.
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 10-Sep-2026 the market cap of TARC stood at ₹3,793.5 Cr
The latest P/E ratio of TARC as of 10-Sep-2026 is 0.00.
The latest P/B ratio of TARC as of 10-Sep-2026 is 3.54.
The 52-week high of TARC is ₹186.2 and the 52-week low is ₹110.5.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of TARC is ₹46.28 ( 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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