TARC LIMITED
₹109.70-₹0.60 (-0.5%)
Last close · Data as of Oct 30, 2026
- Market cap
- ₹5,156 Cr
- EV / EBITDA
- 78.4x
- Revenue
- ₹14.0 Cr
- Net margin
- 23.3%
- ROCE
- -1.4%
Price chart
Technical chartScreen technicals →-23.4% over the last year
Daily closes.
Go deeper
Technical chart: candles, 9 moving averages, RSI, MACD and drawing tools
Performance
Price change over each period, before dividends.
- 1M
- -12.8%
- 3M
- -18.0%
- 6M
- -16.5%
- 1Y
- -23.4%
- 5Y
- +136.4%
52-week range
Day change -₹0.60 (-0.5%) from ₹110 to ₹110 · Last close Oct 30, 2026
Best weekday to invest, historically
The same weekly amount in TARC, bought on each weekday since 2021.
AI Summary
Indian StockStrengths1
- Strong 5-year net profit CAGR of 28.5%
Concerns1
- Low return on equity of 1.0%
Rule-based from financial data. Not advice.
About the company
TARC Limited engages in the real estate activities and construction business in India. It constructs and develops residential, commercial, township projects; SEZ; IT park; and malls. The company also owns and leases real estate properties; and sells real estate units, such as land, plots, apartments, and commercial units; as well as holds land banks. The company was formerly known as Anant Raj Global Limited and changed its name to TARC Limited. The company was incorporated in 2016 and is based in New Delhi, India.
- Sector
- Construction & Real Estate
- Shares outstanding
- 29.5 Cr shares
- ISIN
- INE0EK901012
- BSE code
- 543249
Key statistics
Screen fundamentals →Valuation, profitability, growth and solvency at the latest close; hover a label for its meaning.
Valuation
- Market cap
- ₹5,156 Cr
- P/B
- 4.7x
- EV / EBITDA
- 78.4x
- EV / Sales
- 102.0x
- P/S
- 85.9x
- 52-week high
- ₹182.30
- 52-week low
- ₹109.70
Profitability
- Operating margin
- -65.0%
- Net margin
- 23.3%
- EBITDA margin
- 130.0%
- ROE
- 1.0%
- ROCE
- -1.4%
- ROA
- 0.5%
- Dividend payout
- 0.0%
- Tax rate
- 19.0%
- Other income, % of PBT
- 688.2%
Growth
- RevenueLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- ₹14.0 Cr
- Revenue growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- -76.7%
- Revenue CAGR, 5YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- -10.9%
- EBITDALatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- ₹78.0 Cr
- EBITDA growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- -40.0%
- Net profit growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- -850.0%
- Net profit CAGR, 5YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 28.5%
- Cash from operationsLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- -₹8.00 Cr
- CFO growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- -70.4%
- Free cash flowLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- ₹18.0 Cr
- Asset growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 2.7%
Solvency and efficiency
- Current ratio
- 13.35
- Debt / Equity
- 1.06
- Debt / Assets
- 0.48
- Debt / EBITDA
- 18.64
- Financial leverage
- 2.23
- CFO / Net profit
- -0.57
- Cash / Market cap
- 47.7%
- Cash per share
- ₹83.49
- Asset turnover
- 0.02
- Fixed asset turnover
- 2.22
- Capital intensity
- 0.45
- Debtor days
- 2927 days
- Cash conversion cycle
- 2927 days
Where the revenue went
FY2025 ended in a loss, so the lines are listed rather than drawn as a flow.
| Line | FY2025 |
|---|---|
| Sales | ₹14 Cr |
| Expenses | ₹104 Cr |
| Operating profit | -₹90 Cr |
| Other income | ₹94 Cr |
| Interest | ₹101 Cr |
| Depreciation | ₹3 Cr |
| Profit before tax | -₹100 Cr |
| Tax and other | ₹5 Cr |
| Net profit | -₹105 Cr |
Revenue and net profit
Revenue fell 76.7% in FY2025; net profit is the dashed line.
| Date | Revenue | Net profit |
|---|---|---|
| FY2021 | ₹175 Cr | ₹5 Cr |
| FY2022 | ₹436 Cr | -₹147 Cr |
| FY2023 | ₹197 Cr | ₹14 Cr |
| FY2024 | ₹60 Cr | ₹14 Cr |
| FY2025 | ₹14 Cr | -₹105 Cr |
Cash flows
FY2025: ₹258 Cr from operations, ₹769 Cr free after investment (dashed).
| Date | Operating cash flow | Free cash flow |
|---|---|---|
| FY2021 | ₹158 Cr | ₹199 Cr |
| FY2022 | -₹50 Cr | ₹313 Cr |
| FY2023 | -₹27 Cr | -₹413 Cr |
| FY2024 | -₹8 Cr | ₹97 Cr |
| FY2025 | ₹258 Cr | ₹769 Cr |
Growth
Latest fiscal year FY2025 (ending March): each figure with its change over the year before.
- Revenue
- ₹14 Cr-76.7%1Y
- Net profit
- -₹105 Cr-850.0%1Y
- Cash from operations
- ₹258 Cr
- Free cash flow
- ₹769 Cr+692.8%1Y
- Revenue CAGR, 5Y
- -10.9%
- EBITDA CAGR, 5Y
- 31.3%
- Net profit CAGR, 5Y
- 28.5%
| Year | Revenue | Operating income | EBITDA | Net profit | CFO | FCF | ROE | Revenue growth 1Y | Net profit growth 1Y |
|---|---|---|---|---|---|---|---|---|---|
| FY2025 | ₹14 Cr | -₹90 Cr | — | -₹105 Cr | ₹258 Cr | ₹769 Cr | -8.3% | -76.7% | -850.0% |
Monthly returns
Month-by-month returns of TARC across the years, with the seasonal pattern.
Balance sheet
What the company owns and owes at the end of FY2025.
| Line | FY2025 |
|---|---|
| Liabilities and equity | ₹2,815 Cr |
| Equity capital | ₹59 Cr |
| Reserves | ₹1,202 Cr |
| Borrowings | ₹1,180 Cr |
| Other liabilities | ₹374 Cr |
| Assets | ₹2,815 Cr |
| Fixed assets | ₹26 Cr |
| Capital work in progress | ₹0 Cr |
| Investments | ₹547 Cr |
| Other assets | ₹2,242 Cr |
Market cap against peers
8 peers: same sector group, nearest by size.
P/E against peers
Most of this group is loss-making, so EV / Sales is compared for the companies without a P/E.
Peer comparison
Same-sector peers by market cap, with the median.
| Company | Market cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|
| TARC LIMITEDTARCthis company | ₹5,156 Cr | — | 4.7x | 1.0% | 78.4x |
| Keystone Realtors LimitedRUSTOMJEE | ₹6,272 Cr | 68.0x | 2.4x | 6.8% | 35.1x |
| Sunteck Realty LtdSUNTECK | ₹6,192 Cr | 59.8x | 2.5x | 4.1% | 32.9x |
| VALOR ESTATE LIMITEDDBREALTY | ₹5,887 Cr | — | 1.3x | 13.9% | 6.4x |
| Puravankara LimitedPURVA | ₹5,468 Cr | — | 3.9x | 2.0% | 22.9x |
| SMARTWORKS COWORKING SPACES LIMITEDSMARTWORKS | ₹5,428 Cr | — | 10.6x | -87.0% | 11.9x |
| MAN INFRACONSTRUCTION LIMITEDMANINFRA | ₹4,787 Cr | 27.6x | 2.3x | 14.5% | 16.1x |
| INDIQUBE SPACES LIMITEDINDIQUBE | ₹4,313 Cr | — | 7.8x | -264.7% | 27.6x |
| J. Kumar Infraprojects LimitedJKIL | ₹4,186 Cr | 10.3x | 1.3x | 12.5% | 5.5x |
| Peer median | — | 55.8x | 3.7x | 6.8% | 32.9x |
Year-to-date ROI
TARC since 1 January, against earlier years.
Historical volatility
TARC's day-to-day swings over 30, 60 and 180 days.
Financial statements
Income statement, balance sheet and cash flow as reported, in ₹ crore, grouped into plain-language lines.
Figures in ₹ crore as reported, fiscal years ending March, newest first; the trailing twelve months (TTM) last.
Operating margin by fiscal year
| Date | Operating margin |
|---|---|
| FY2021 | 6.0% |
| FY2022 | -24.0% |
| FY2023 | 4.0% |
| FY2024 | -65.0% |
| FY2025 | -661.0% |
| Line | FY2025 |
|---|---|
| RevenueSales | ₹14 Cr |
| Costs | |
| Interest | ₹101 Cr |
| Expenses | ₹104 Cr |
| Operating profitOperating Profit | -₹90 Cr |
| Other income and charges | |
| Profit before tax | -₹100 Cr |
| Tax | |
| Net profitNet Profit | -₹105 Cr |
| Per share |
| Line | FY2025 |
|---|---|
| Liabilities and equityTotal Liabilities | ₹2,815 Cr |
| Equity capitalEquity Capital | ₹59 Cr |
| Reserves | ₹1,202 Cr |
| Borrowings | ₹1,180 Cr |
| Other liabilitiesOther Liabilities | ₹374 Cr |
| AssetsTotal Assets | ₹2,815 Cr |
| Fixed assetsFixed Assets | ₹26 Cr |
| Capital work in progressCWIP | ₹0 Cr |
| Investments | ₹547 Cr |
| Other assetsOther Assets | ₹2,242 Cr |
| Line | FY2025 |
|---|---|
| Operating cash flowCash from Operating Activity | ₹258 Cr |
| Investing cash flowCash from Investing Activity | ₹511 Cr |
| Financing cash flowCash from Financing Activity | -₹751 Cr |
| Change in cashNet Cash Flow | ₹18 Cr |
Learn while you research
Academy chapters picked for TARC LIMITED and the metrics on this page.
- 01 Taxes on Investments (India)LTCG, STCG, dividend tax, what every Indian investor needs.6 min read
- 02 Stock Valuation BasicsHow to think about what a fair price for a stock looks like.7 min read
- 03 Stock Market RisksSmall caps carry concentrated, idiosyncratic risk, learn to manage it.6 min read
- 04 Sectors & IndustriesHow to classify and compare companies across sectors.6 min read
- 05 Essential Stock RatiosP/E, P/B, EV/EBITDA, what they mean and when to use each.7 min read
- 06 How to Read a Cash-Flow StatementProfit can be manipulated; cash flow rarely lies.7 min read