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Prices as of 9 Oct 2026 close · Not investment advice

TARC Limited

NSE: TARCResidential, Commercial Projects

Share price

₹117.47

-0.07% close of 9 Oct 2026

Market cap ₹3,465 CrP/E —

Price-based ratios (P/B, dividend yield, EV/EBITDA) are as of 8 Oct 2026, the close above is 9 Oct 2026.

Business score

How strong the business is, in one number. The parts behind it are in Pro.

42

out of 100 · worked out 9 Oct 2026

How the business score works

Your ratios

The numbers you want to see first. Tap Edit to change them.

Market cap

₹3,465 Cr

P/E ratio

—

P/B ratio

3.3

ROCE

2.3%

ROE

1.8%

Dividend yield

0.0%

Price & valuation chart

How the share price and its valuation have moved. Hover over the chart to see any day. Prices as of the last close.

Prices as of 9 Oct 2026 close52-week high ₹182.5752-week low ₹111.59

Answers

Simple answers to the questions investors ask most, from the company's own numbers.

How fast it has been growing

Our sales figures for this company step up at Mar 2026 and we hold nothing that says why, so we cannot honestly quote a growth rate across it.

Whether it grew faster than its sector

Our sales figures for this company step up at Mar 2026 and we hold nothing that says why, so there is no honest growth rate of its own to set against its sector.

Room to re-rate, or risk of de-rating

It has no earnings, so there is no price-to-earnings to compare.

Whether growth justifies the valuation

It has no earnings to weigh the price against.

Profit growthPrice per ₹1 profitPer 1% growth
TARC Limited — this one-5%/yr——
DLF Limited27%/yr37.3×₹1.4
Lodha Developers Limited56%/yr25.8×₹0.46
The Phoenix Mills Limited12%/yr50.3×₹4.2
Oberoi Realty9%/yr23.4×₹2.6
Prestige Estates Projects18%/yr53.2×₹3.0

Compared with companies filed under the same label. That grouping comes from the exchange's filing category, so some of them may not be real rivals.

How it compares with its peers

Against companies the exchange files under the same label (Residential, Commercial Projects), it ranks 65 of 86 on returns, 78 of 80 on growth, 82 of 86 on margin. That grouping comes from the exchange's filing category, so some of them may not be real rivals.

What makes it hard to beat — and is that still true?

No durable advantage shows in the numbers: it earns 2.3% on capital, ahead of 24% of companies filed under the same label. That grouping comes from the exchange's filing category, so some of them may not be real rivals.

Whether its growth pays for itself

Yes — Over the last five years it made ₹230 crore of cash from the business, spent ₹320 crore on plant and equipment, and returned ₹771 crore to lenders and shareholders. It has not made a profit over 7 years.

Profit reality check

Is the profit real cash? Simple checks on the accounts. Facts only, not advice.

7 of 9 checks clear · 78%

How the profit check works

Latest result · Q1 FY27

What the last results showed. Whether management kept its word is in Pro.

Announced 11 Aug 2026 · Consolidated · Unaudited

Revenue

₹217 Cr

Revenue vs last year

+186.1%

Revenue vs last quarter

+4.0%

Net profit

₹23 Cr

Profit vs last year

-58.2%

Profit vs last quarter

+1306.6%

Net margin

10.4%

EPS

₹0.77

Checklist before you investPRO

Points for and against, in one list.

Key numbers & peers

The main numbers grouped by topic, and how the company compares with similar ones.

Price

Market cap
₹3,465 Cr
Prev close
₹117.47
52w High
₹186
52w Low
₹109
Enterprise value
₹5,279 Cr
Beta
1.4
Price CAGR 1y
-19.0%
Price CAGR 3y
11.0%
Price CAGR 5y
21.0%
Price CAGR 10y
—

Ratios

Return on assets
0.4%
PEG ratio
—
P/E ratio
—
P/B ratio
3.3
EV / EBITDA
—
Industry P/E
23.0
ROCE
2.3%
ROCE 5y average
-0.6%
ROE
1.8%
Debt / Equity
1.8
Interest coverage
1.3
Dividend yield
0.0%
ROE 3y average
-8.0%
ROE last year
2.0%

Annual P&L

Annual revenue
₹330 Cr
Annual profit
₹19 Cr
Operating margin
-80.0%
Net profit margin
5.8%
EBITDA margin
-80.0%
Sales growth 3y
-3.7%
Sales growth 5y
11.6%
Profit growth 3y
-5.0%
Profit growth 5y
25.0%
EPS
₹0.7
Sales growth TTM
365.0%
Profit growth TTM
91.0%
Dividend payout
0.0%

Quarter P&L

Sales latest quarter
₹217 Cr
Profit latest quarter
₹23 Cr
YoY quarterly sales growth
186.1%
YoY quarterly profit growth
-57.4%
OPM latest quarter
18.5%

Balance Sheet

Book Value
₹36.0
Face Value
₹2.0
Total debt
₹1,895 Cr
Total cash
₹81 Cr
Borrowings
₹1,895 Cr
Reserves / Equity
17.0

Cash Flow

Operating cash flow
₹191 Cr
Free cash flow
₹159 Cr
FCF yield
3.1%
Net cash flow
₹29 Cr

Shareholding

Promoter holding
65.1%
FII holding
1.0%
DII holding
6.4%
Public holding
27.5%

Peer comparison

CompanyPrice ₹P/EMkt cap ₹ CrDiv yield %Profit qtr ₹ CrProfit var %Sales qtr ₹ CrSales var %ROCE %
DLF637.0036.61,57,6771.23793.94.11,280.3-52.96.3
Lodha Developers1,076.8026.11,07,6140.391,373.1103.44,996.743.116.4
Phoenix Mills1,791.5049.564,0780.14394.523.31,074.912.812.4
Oberoi Realty1,678.0023.061,0120.47543.529.01,300.931.717.3
Prestige Estates1,405.5053.160,5390.14271.4-19.42,675.115.910.4
Godrej Propert.1,541.1528.746,4240.64349.4-41.7506.216.57.6
Anant Raj591.5536.821,2890.16149.218.9631.46.612.1
TARC Ltd117.253,4600.0022.6-58.2217.1186.12.3
Median137.2023.69450.008.526.690.712.87.6

Competes with: Anant Raj Limited, Brigade Enterprises Limited, DLF Limited, Godrej Properties, Lodha Developers Limited, Oberoi Realty, Prestige Estates Projects, The Phoenix Mills Limited

Quarterly results

Sales and profit for each of the last 13 quarters. Newest on the right. ₹ crore.

Consolidated · to 30 Jun 2026
Line itemJun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales63309.309.488.214.319.3512766.8738209217
Expenses2239414232921951964357299177
Material Cost321.035.917.3424088
Change in Inventories00009.0247
Purchases of Stock-in-Trade000000
Employee Cost3.605.416.997.591010
Other Expenses6019030424032
Operating Profit41-96-4-15-24-11-84-120-36-18-9040
OPM %65-3260-43-178-566-120-708-159-519-47-4319
Other Income25211122219274912
Exceptional items (within Other Income)000000
Interest34123542134919251511111518
Depreciation1222232222232
Profit before tax7-18-28-47-28-76-31-10981-22-28-1722
Tax %5-106181011-11-8-433-28-24-109-3
Net Profit71-33-52-31-67-29-10554-16-21223
EPS in Rs0.240.04-1.13-1.75-1.04-2.28-0.97-3.541.84-0.53-0.710.050.77
Diluted EPS in Rs-3.541.84-0.53-0.710.050.77

Profit & loss

Yearly sales, costs and profit for 12 years, plus the last 12 months (TTM). ₹ crore.

Consolidated · to 31 Mar 2026
Line itemMar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales13719125136911134330471
Expenses112191435205133167594575
Material Cost43707
Change in Inventories0-444
Purchases of Stock-in-Trade00
Employee Cost1630
Other Expenses108301
Operating Profit25-0-184164-22-133-264-104
OPM %19-0.10-7444-20-395-80-22
Other Income723050245342124
Exceptional items (within Other Income)00
Interest252186117621065355
Depreciation88976.498.991010
Profit before tax651-22941-86-24315-45
Tax %18-563150-10-5-29
Net Profit536-23320-77-23119-13
EPS in Rs0.21-7.890.69-2.61-7.840.65-0.42
Diluted EPS in Rs-7.840.64
Dividend Payout %0000000

Compounded growth

Average yearly growth over different spans, as stored. A span can cross a demerger or an acquisition.

Compounded sales growth

10 years
—
5 years
12%
3 years
-4%
TTM
365%

Compounded profit growth

10 years
—
5 years
25%
3 years
-5%
TTM
91%

Stock price CAGR

10 years
—
5 years
21%
3 years
11%
1 year
-19%

Return on equity

10 years
—
5 years
-8%
3 years
-8%
Last year
2%

Balance sheet

What the company owns and what it owes, at the end of each year. ₹ crore.

Consolidated
Line itemMar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital59595959595959
Reserves1,4991,5051,2731,2931,2169841,003
Borrowings1,2981,3211,1791,3861,3931,9541,895
Other Liabilities4715214684287961,2171,643
Minority Interest0.280.22
Total Liabilities3,3273,4072,9793,1663,4634,2144,600
Fixed Assets1,5641,6621,0531,0661,1071,2151,320
CWIP73000000
Investments138138686868680
Other Assets1,5521,6071,8582,0322,2892,9313,279
Total Assets3,3273,4072,9793,1663,4634,2164,600

Cash flows

Real money coming in and going out each year — from the business, from investments and from loans. ₹ crore.

Consolidated
Line itemMar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity116144-81-8115843191
Cash from Investing Activity172336775-39-68275
Cash from Financing Activity-143-161-27996-16614-436
Net Cash Flow-96789-47-1129
Free Cash Flow66161280-121175.75160

Ratios

How fast customers pay, how long stock sits, and how well capital earns — year by year.

Consolidated
Line itemMar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days83279201078
Cash Conversion Cycle83279201078
Working Capital Days368263-5167601,2181,121703
ROCE %1-56-1-52

Shareholding pattern

Who owns the company — founders (promoters), foreign funds, Indian funds and the public. In %.

Consolidated · to 30 Jun 2026
Line itemSep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters656565656565656565656565
FIIs1.851.922.402.892.722.352.462.3021.220.920.99
DIIs0.420.891.291.953.314.344.895.445.816.316.406.44
Public333231302928282727272827
No. of Shareholders54,08756,71061,01560,05259,93562,40462,16159,88057,95356,28754,26453,065

Price trend

The price as a Renko brick chart: small moves drop out so the bigger path stands out.

Change over 1 year -22.3% (₹151.14 → ₹117.47)Brick size ₹4.47 (fixed)Bricks 51
₹140₹160₹180₹117Nov '25Jan '26Mar '26May '26Jul '26Sep '26
Price moved up one brickPrice moved down one brickLast close ₹117.47 on 9 Oct 2026

Every brick is the same size, about one typical day's move. A new brick needs a full brick's move; turning the other way needs two. Bricks show where the price went, not where it will go.

Open interestPRO

Where option traders are positioned on this stock.

Industry numbers

The numbers that matter most in this industry, from the company's own filings.

1 when an audit qualification is filed as repetitive

0.00flag

2026-03-31

the company's own unlisted debt securities in default at period end

0.00cr

2026-06-30

the company's own loans / revolving facilities in default at period end (standalone filing)

0.00cr

2026-06-30

net debt from the filed balance sheet at the newest year end: Borrowings − Cash Equivalents − Investments (Current); negative = net cash

1,814inr_cr

2026-03-31

guarantees / comfort given for promoter, promoter group, directors and KMP

0.00cr

2026-03-31

loans outstanding to promoter, promoter group, directors and KMP (governance filing)

0.00cr

2026-03-31

security given for the borrowing of promoter, promoter group, directors and KMP

0.00cr

2026-03-31

FY revenue / permanent employees + workers, same basis (calc)

80,09,709inr

2026-03-31

News

News and filings about TARC Limited. Open one to see why it matters.

Supply chain

Who it buys from, sells to and competes with — as recorded in our map of company links.

Competes with

Uses as raw material

  • Aluminium
  • Cement
  • Fly ash for construction inputs
  • Land parcels / land bank for real estate development
  • Specialized contractors and luxury finishing services
  • Steel
  • Treated STP water for construction inputs

Depends on the price of

  • aluminium
  • cement
  • steel

About

What the company is, from our own records: where it sits, where it makes things, and what it is made of.

Sector
Realty
Industry
Residential, Commercial Projects
Classification
Realty › Residential, Commercial Projects
ISIN
INE0EK901012

News impact

Big market events that reach TARC Limited, and how the effect spreads.

No recent market events reach this company.

Dividends, splits & big trades

Money paid out, share splits and buybacks, and big buys or sells by funds and insiders.

Splits, bonuses & buybacks

  • daily-prices repair: 8 rows from NSE's archive (replace 2, delete 1, insert 5), 2023-11-12..2026-02-01 (docs/flat_day_repair.md)1× · 12 Nov 2023

Bulk & block deals

DateWhoBought / soldSharesPrice
7 Jul 2026MICROCURVES TRADING PRIVATE LIMITEDSELL33,28,505₹133.88
7 Jul 2026MICROCURVES TRADING PRIVATE LIMITEDBUY33,28,505₹133.75
7 Jul 2026NK SECURITIES RESEARCH PRIVATE LIMITEDSELL28,00,441₹133.82
7 Jul 2026NK SECURITIES RESEARCH PRIVATE LIMITEDBUY28,00,441₹133.76
7 Jul 2026GRT STRATEGIC VENTURES LLPBUY19,30,552₹133.37
7 Jul 2026GRT STRATEGIC VENTURES LLPSELL19,30,552₹133.43
7 Jul 2026QE SECURITIES LLPBUY18,84,842₹131.23
7 Jul 2026QE SECURITIES LLPSELL18,16,315₹135.77

Documents

Annual reports, results presentations and earnings calls, straight from the source.

Facts from company filings and exchange data. Not investment advice: nothing here tells you to buy or sell.