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GOLD 24K (10g)₹75,420+0.38%
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TARC Limited

TARC Limited

NSE: TARC
Real Estate - DevelopmentReal EstateSMALL CAPMCap ₹3.47k Cr
₹117.47₹-0.08 (-0.07%)

Market Closed • NSE

Market cap₹3.47k Cr
Enterprise value₹5.27k Cr
Forward P/E1.67
P/B3.59
EPS TTM₹-0.42
Forward EPS₹70.40
D/E1.78
Dividend yield0.00%
52W high₹186.30
52W low₹109.10
Price chart(1Y)
1Y Return:-10.11% (₹13.21)
H: ₹142.4L: ₹113.75
1W-4.37%
1M-9.49%
3M-5.05%
6M-5.02%
1Y-22.30%
Today at a glance

Day range

₹113.75₹120.00

52 week range

₹109.10₹186.30
Volume845.5K2.29x 20D avg
Free float50.00%+129.10% volume

TARC Limited closed at INR117.47 (-0.07%) on volume 2.29x its 20-day average, trading 36.95% below its 52-week high.

Technical analysis
RSI (14)33.7Neutral (30–70)
MACDBEARISHBearish (Below signal)
ATR (14)₹4.47High
SMA 20₹126.87BEARISH
SMA 50₹126.79BEARISH
SMA 100₹126.73BEARISH
SMA 200₹135.78BEARISH
CPR bottom₹119.28
Pivot₹118.70
CPR top₹118.13
What changed recently?

2026-Q1

Q1 FY2026 Financial Results

PAT moved +107.7% QoQ

2022-09-22

AGM Announced

Annual General Meeting

2021-12-14

AGM Announced

Annual General Meeting

Shariah audit
Methodology: AAOIFI Shariah Standard No. 21
FAIL3/4 criteria
Non-Compliant (Financial Ratios)
CriteriaNumeratorDenominatorValueThresholdStatus
Interest-bearing debt ratio₹1.89k Cr₹3.47k Cr54.66%≤ 33%FAIL
Non-halal income ratio–₹329.8 Cr0.00%≤ 5%PASS
Illiquid assets ratio₹4.52k Cr₹4.60k Cr98.32%≥ 20%PASS
Receivables ratio–₹4.60k Cr—≤ 49%PASS
Valuation & sector context
MetricCompanySector
P/E—22.40
Forward P/E1.67—
P/B3.592.30
EV/EBITDA—18.00
PEG—0.10
Earnings yield—4.50
Growth & profitability
RevenuePAT
FY24PAT margin -121.00%
FY25PAT margin —
FY26PAT margin —

Revenue and PAT bars use independent scales to make their year-on-year direction readable.

Revenue CAGR 3Y+113.90%
Revenue CAGR 5Y+38.90%
PAT CAGR 3Y—
PAT CAGR 5Y—
Operating margin17.54%
Net margin-2.66%
Financial health & cash flow
Net debt₹1.82k CrModerate
Interest coverage-5.20xEBIT / interest
CFO / PAT10.00x3Y average
Net debt / EBITDA—Leverage
Operating cash flow₹190.7 Cr
Capital expenditure–
Free cash flow₹159.3 Cr
Financial statements

Complete reported financial history · Values use the company's reporting currency

Hover over the chart for exact reported values. Percentage lines use the right-hand axis.

Fundamental scorecard
Overall50/100
Valuation50/100
Profitability50/100
Financial health50/100

A 0–100 quantitative summary of reported fundamentals. Use the underlying financials and risks for context; the score is not a buy or sell recommendation.

Strengths, risks & investment thesis

Strengths

High Cash Flow Conversion: CFO/PAT averaged 10x over last 3 years

Risks

Elevated Leverage Burden: Debt-to-Equity stands at 1.78x

Bull case

Market Leadership: Established operational scale in Real Estate - Development.

Bear case

Macro Headwinds: Fluctuations in interest rates and sector-specific policy shifts could compress multiples.

Flip condition

Sustained quarterly EBITDA margin expansion above 20% would trigger an upgrade.

Corporate Action

Complete dividend, bonus, split, rights and other action history

Record dateCorporate actionInformationAnnouncement dateEx-date
—Annual General MeetingAnnual General Meeting—22 Sept 2022
—Annual General MeetingAnnual General Meeting—14 Dec 2021
Delivery participation

Traded volume and delivery percentage across the latest 20 sessions

Average delivery (20D)57.29%-7.80% latest vs average
Highest delivery72.21%on 08 Oct
Average volume (20D)369.1KTrading-session average
Conviction trendWeakening-7.80% latest reading
Traded volumeDelivery %
Peer comparison

Compare valuation, latest quarterly performance and year-on-year growth

8 companies
Company nameMarket cap ₹ CrP/E ratioDividend yield %Quarterly sales ₹ CrProfit after tax ₹ CrSales growth %Profit growth %
DLF Limited
DLF LimitedDLF
Open analysis
₹1.61L36.111.26%₹1,280.00₹794.00-52.89%+4.06%
Lodha Developers Limited
Lodha Developers LimitedLODHA
Open analysis
₹1.06L25.840.40%₹4,997.00₹1,373.00+43.10%+103.41%
The Phoenix Mills Limited
The Phoenix Mills LimitedPHOENIXLTD
Open analysis
₹64,850.5750.500.14%₹1,233.20₹403.35+21.34%+50.04%
Oberoi Realty Limited
Oberoi Realty LimitedOBEROIRLTY
Open analysis
₹61,768.7523.490.48%₹1,038.00₹508.00+33.94%+64.40%
Prestige Estates Projects Limited
Prestige Estates Projects LimitedPRESTIGE
Open analysis
₹60,595.1353.190.14%₹2,675.00₹271.00+15.95%-13.14%
Godrej Properties Limited
Godrej Properties LimitedGODREJPROP
Open analysis
₹46,690.1129.170.65%₹121.00₹61.00+14.15%+8.93%
Anant Raj Limited
Anant Raj LimitedANANTRAJ
Open analysis
₹20,539.9834.590.17%₹631.00₹149.00+6.59%+18.25%
Brigade Enterprises Limited
Brigade Enterprises LimitedBRIGADE
Open analysis
₹17,899.7925.780.37%₹1,116.00₹217.00-12.88%+37.34%
About TARC Limited
TARC Limited

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.

IndiaReal Estate

Questions investors ask
Is TARC Limited Shariah compliant?

TARC Limited is currently screened as Non-Compliant (Financial Ratios) under AAOIFI Shariah Standard No. 21. Business activities align with Shariah permissible sectors. Debt to Market Cap (54.66%) exceeds AAOIFI threshold (≤ 33%).

What is TARC Limited's current valuation relative to peers?

TARC Limited trades at a P/E of N/A compared to the sector median of 22.4x, and a Price-to-Book of 3.6x.

Is the company financially healthy?

The company has a Debt-to-Equity ratio of 1.78x. Interest coverage is -5.2x.

What are the historical revenue and profit growth rates?

Over the past 5 years, revenue compounded at 38.9% while net profit growth averaged consistent levels.

Market data is informational and may be delayed. Shariah screening follows the displayed methodology. This is not investment advice.

Market data may be delayed. Quote date: 2026-10-09. Financial figures relate to their stated reporting periods. This information is for research and is not a recommendation to buy or sell.