TARC Ltd - Stock Valuation and Financial Performance

BSE: 543249 | NSE: TARC | Construction - Real Estate | Small Cap

TARC Share Price

140 -0.95 -0.67%
as on 28-Mar'24 16:01

DeciZen - make an informed investing decision on TARC

Overall Rating
Bole Toh

1. Quality

2. Valuation

Overvalued

3. Price Trend

TARC stock performance -

mw4me loader
P/E Ratio (SA):
200.86
Market Cap:
4,126.9 Cr.
52-wk low:
33.5
52-wk high:
184.9

Is TARC Ltd an attractive stock to invest in?

1. Is TARC Ltd a good quality company?

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

2. Is TARC Ltd undervalued or overvalued?

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

3. Is TARC Ltd a good buy now?

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

10 Year X-Ray of TARC:

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

Value Creation Index Colour Code Guide

Mar'20Mar'21Mar'22Mar'23TTM
ROCE % 0.6%0.4%-4.6%3.9%-
Value Creation
Index
-1.0-1.0-1.3-0.7-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 107175437197134
Sales YoY Gr.-62.5%150.1%-55%-
Adj EPS 00.2-50.50.7
YoY Gr.-NA-3023.5%NA-
BVPS (₹) 050.345.445.846.3
Adj Net
Profit
4.44.9-14714.421
Cash Flow from Ops. 70.3158-50.3-27-
Debt/CF from Ops. 15.26.7-17-53.3-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales NANA22.3%-55%
Adj EPS NANANANA
BVPSNANANA1%
Share Price - - 68.1% 312.5%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
0.30.3-10.41.11.5
Op. Profit
Mgn %
8.16.3-23.63.6-28.1
Net Profit
Mgn %
4.12.8-33.67.315.4
Debt to
Equity
0.80.70.61.1-
Working Cap
Days
02,9871,3703,7682,594
Cash Conv.
Cycle
01,7176931,5841,809

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 1.50%

Sales growth is growing at healthy rate in last 3 years 22.30%

Sales growth is good in last 4 quarters at 265.57%

Debt to equity has increased versus last 3 years average to 1.07

Latest Financials - TARC Ltd.

Standalone Consolidated
TTM EPS (₹) 0.7 -0.8
TTM Sales (₹ Cr.) 134 237
BVPS (₹.) 46.3 44.9
Reserves (₹ Cr.) 1,306 1,267
P/BV 3.02 3.11
PE 200.86 0.00
From the Market
52 Week Low / High (₹) 33.45 / 184.90
All Time Low / High (₹) 19.00 / 184.90
Market Cap (₹ Cr.) 4,127
Equity (₹ Cr.) 59
Face Value (₹) 2
Industry PE 76.7

Management X-Ray of TARC:

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 (%)

Event Update

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Analyst's Notes

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'20Mar'21Mar'22Mar'23
Sales107175436197
Operating Expenses 99164539190
Manufacturing Costs1110
Material Costs82143475162
Employee Cost 9768
Other Costs 7125719
Operating Profit 911-1037
Operating Profit Margin (%) 8.1%6.3%-23.6%3.6%
Other Income 11525123
Interest 14852117
Depreciation 2222
Exceptional Items 0000
Profit Before Tax 35-13212
Tax -2015-3
Profit After Tax 45-14714
PAT Margin (%) 4.1%2.8%-33.6%7.3%
Adjusted EPS (₹)0.00.2-5.00.5
Dividend Payout Ratio (%)0%0%0%0%

Balance Sheet

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

Equity and Liabilities

Shareholders Fund 1,4211,4851,3381,353
Share Capital 0595959
Reserves 1,4211,4261,2791,294
Minority Interest0000
Debt804847491,241
Long Term Debt72776101,132
Short Term Debt788649109
Trade Payables18303013
Others Liabilities 5614581,024261
Total Liabilities 2,8052,8202,4422,867

Fixed Assets

Gross Block8292931316
Accumulated Depreciation19679
Net Fixed Assets81028668
CWIP 03533
Investments 566558558558
Inventories829848498378
Trade Receivables013490488
Cash Equivalents 241075
Others Assets5981,0758761,358
Total Assets 2,8052,8202,4422,867

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 70158-50-27
PBT 35-13212
Adjustment 119-93-15
Changes in Working Capital 59144186-26
Tax Paid -2-1-121
Cash Flow From Investing Activity 5641363-386
Capex 3-43616
Net Investments -10230
Others 6343-2-391
Cash Flow From Financing Activity -132-196-307477
Net Proceeds from Shares 0000
Net Proceeds from Borrowing 3-69-208-744
Interest Paid -140-127-97-107
Dividend Paid 0000
Others 5-1-11,329
Net Cash Flow -53664
PARTICULARSMar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)0.310.34-10.381.07
ROCE (%)0.670.54-3.345.15
Asset Turnover Ratio0.040.060.170.07
PAT to CFO Conversion(x)17.531.6N/A-1.93
Working Capital Days
Receivable Days014211908
Inventory Days2,8171,753563814
Payable Days81612348

TARC Ltd Stock News

TARC Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of TARC on 28-Mar-2024 16:01 is ₹140.0.
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 28-Mar-2024 16:01 the market cap of TARC stood at ₹4,126.9.
The latest P/E ratio of TARC as of 28-Mar-2024 16:01 is 200.9.
The latest P/B ratio of TARC as of 28-Mar-2024 16:01 is 3.02.
The 52-week high of TARC is ₹184.9 and the 52-week low is ₹33.45.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of TARC is ₹133.9 ( Cr.) .

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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