TARC (TARC) is loss-making over the last 12 months, losing ₹13 Cr, so a P/E ratio does not apply. Its share price on 6 Nov 2026 was ₹125.27, 33% below its 52-week high. Sales grew 21% a year over 3 years. Debt is 1.78× equity. It is a small-cap company with a market cap of ₹3,697 Cr, ranked 22nd of 112 Real Estate (Development) companies by market cap; the shares fell 21% over the past year.
- ₹124.75
- ₹127.89
- ₹121.55
- ₹125.18
- 30.9 L
Health check
- ReturnsIn line
−20.5% over a year, better than 3 of 7 peers.
- Price tagLoss-making
Earnings were negative over the last 12 months.
- GrowthUnder pressure
Sales +20.6%, profit −2.1% a year over 3 years, but loss-making now.
- ProfitabilityWeak
ROCE 2.1% vs peer median 10.4%.
- Balance sheetStretched
Debt 1.78× equity, interest covered 1.4×, Piotroski 6 of 9.
- Red flags5 to check
Loss-making over the last twelve months.
Small cap
Defensive
Key metrics
- Market cap
- ₹3,697 Cr
- Small cap
- P/E
- n/a
- Industry 22.1
- Price to book
- 3.82
- Peers 2.88
- Dividend yield
- 0.00%
- ROE
- 1.8%
- Peers 11.1%
- ROCE
- 2.1%
- Peers 10.4%
- Debt to equity
- 1.78
- Debt ₹1,895 Cr
- EPS (TTM)
- −₹0.42
- Face value ₹2
- OPM (TTM)
- −22.1%
- Net margin −2.7%
- Sales growth
- +186.1%
- Latest quarter vs a year ago
- Profit growth
- −58.2%
- Latest quarter vs a year ago
- Price to sales
- 7.85
- EV/EBITDA −53.3
Strengths and risks
Strengths
- Quarterly sales up 186.1% on a year ago.
Risks to check
- Loss-making over the last twelve months.
- Return on equity is low at 1.8%.
- Debt is 1.78× equity.
- Quarterly profit down 58.2% on a year ago.
- 33% below its 52-week high.
About TARC
TARC Limited engages in real estate development in India. It is involved in the construction and development of residential projects, commercial projects, township projects, SEZ, IT park, and malls; sale of real estate units, including land, plots, apartments, commercial units, and development rights; and Co-development of projects; and rental of investment properties. The company was formerly known as Anant Raj Global Limited and changed its name to TARC…
- Headquarters
- New Delhi
- Employees
- 412
- Sector
- Real Estate
- ISIN
- INE0EK901012
- Website
- tarc.in
Price range
- Avg volume (3M)
- 10.7 L
- 1-year return
- minus 20.5%
- From 52-week high
- minus 32.8%
Peers · Real Estate - Development
| Company | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| DLFDLF | 752.90 | plus 1.03% | 1,86,366 | 40.8 | 127.6 | 6.3% | 15.3% | 0.01 | 11.3% | minus 3.8% |
| LODHALodha Developers | 1,179.00 | plus 0.27% | 1,17,812 | 27.1 | 25.2 | 18.2% | 33.1% | 0.41 | 20.4% | minus 3.9% |
| OBEROIRLTYOberoi Realty | 1,739.00 | minus 0.13% | 63,230 | 24.0 | 18.8 | 16.7% | 57.5% | 0.14 | 12.9% | minus 2.2% |
| GODREJPROPGodrej Properties | 1,809.30 | minus 0.31% | 54,501 | 40.4 | – | 11.1% | −6.5% | 1.02 | 32.4% | minus 20.9% |
| BRIGADEBrigade Enterprises | 558.15 | minus 0.89% | 18,205 | 25.1 | 15.6 | 9.8% | 29.2% | 0.83 | 18.5% | minus 26.2% |
| ANANTRAJAnant Raj | 445.45 | minus 4.41% | 16,031 | 26.5 | 24.1 | 10.4% | 27.8% | 0.13 | 37.9% | minus 27.8% |
| SOBHASobha | 1,275.40 | minus 1.28% | 13,642 | 71.4 | 46.7 | 7.4% | 6.5% | 0.33 | 16.3% | minus 20.2% |
| TARCTARC | 125.27 | plus 0.07% | 3,697 | – | – | 2.1% | −22.1% | 1.78 | 20.6% | minus 20.5% |
| Median of 7 peers | – | −0.31% | 54,501 | 27.1 | 24.7 | 10.4% | 27.8% | 0.33 | 18.5% | −20.2% |
Quarterly results
| ₹ Cr | Jun 25 | Sep 25 | Dec 25 | Mar 26 | Jun 26 |
|---|---|---|---|---|---|
| 75.9 | 6.9 | 38.4 | 209 | 217 | |
| 196 | 42.5 | 56.6 | 299 | 177 | |
| −120 | −35.6 | −18.2 | −90.3 | 40.2 | |
| −158.5% | −518.7% | −47.4% | −43.3% | 18.5% | |
| 219 | 27.2 | 3.9 | 91.3 | 1.6 | |
| 15.3 | 11.2 | 10.9 | 15.2 | 17.7 | |
| 2.4 | 2.4 | 2.4 | 2.9 | 2.1 | |
| 81.5 | −22 | −27.6 | −17.1 | 22 | |
| 33.5% | 28.5% | 23.7% | 109.4% | −3.0% | |
| 54.2 | −15.8 | −21 | 1.6 | 22.7 | |
| 1.84 | -0.53 | -0.71 | 0.05 | 0.77 |
Profit & loss
- Sales CAGR 3Y
- +20.6%
- Profit CAGR 3Y
- −2.1%
- EPS CAGR 3Y
- −2.0%
- ROE
- 1.8%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 185 | 63.7 | 27.8 | 324 | |
| – | minus 65.5% | minus 56.3% | +1063.2% | |
| 188 | 115 | 143 | 361 | |
| −3.3 | −51 | −115 | −36.8 | |
| −1.8% | −80.0% | −414.5% | −11.4% | |
| 175 | 42.1 | −2.9 | 315 | |
| 117 | 61 | 98.3 | 41.2 | |
| 7.2 | 6.5 | 9 | 10.1 | |
| −6.1 | −9.7 | −17.6 | −212 | |
| 41.1 | −86 | −243 | 14.8 | |
| 50.5% | 10.4% | 4.9% | −28.6% | |
| 20.3 | −77 | −231 | 19.1 | |
| 0.69 | -2.61 | -7.84 | 0.65 |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 59 | 59 | 59 | 59 | |
| 1,293 | 1,216 | 984 | 1,003 | |
| 1,386 | 1,393 | 1,956 | 1,897 | |
| 428 | 798 | 1,217 | 1,641 | |
| 3,166 | 3,466 | 4,216 | 4,600 | |
| 454 | 401 | 419 | 416 | |
| 69.2 | 19.2 | 12.4 | 4.8 | |
| 67.9 | 67.9 | 67.9 | 0.4 | |
| 106 | 58.8 | 48.3 | 77.3 | |
| 2,469 | 2,918 | 3,668 | 4,101 | |
| 3,166 | 3,466 | 4,216 | 4,600 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| −81 | 158 | 42.3 | 191 | |
| 74.5 | −39.1 | −67.8 | 275 | |
| 95.9 | −166 | 14.9 | −436 | |
| 89.4 | −47 | −10.6 | 29.1 | |
| −6.6 | −41 | −37.3 | −31.5 | |
| −87.6 | 117 | 5 | 159 |
Shareholding pattern
- Promoters65.12%
- Public34.88%
| Quarter | Split | Promoters | Public | Promoter change |
|---|---|---|---|---|
| 30 Sep 2026 | 65.12% | 34.88% | 0.00 | |
| 30 Jun 2026 | 65.12% | 34.88% | 0.00 | |
| 31 Mar 2026 | 65.12% | 34.88% | 0.00 | |
| 31 Dec 2025 | 65.12% | 34.88% | 0.00 | |
| 30 Sep 2025 | 65.12% | 34.88% | – |
Major shareholders
Filings & events
News
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