TARC Limited

NSE: TARC · Realty

₹125.27+0.07%06 Nov 2026

Check figures: unusual quarterly results in MAR '25 (₹-102.94 cr vs a typical ₹9.31 cr). This may be a filing error (e.g. lakh filed as crore) or a genuine one-off; figures are shown as filed. Trailing-twelve-month figures include it.

Ask the data

Instant answers about TARC Limited — computed from its filings, no language model

Market cap₹3,697 cr

Current price₹125.27

High / Low₹183 / ₹110

P/E—

P/B3.48

Book value₹36.0

ROE-1.2%

ROCE0.4%

Debt / equity1.78

Dividend yield—

EPS (TTM)₹-0.42

Face value₹2

Price & valuation

split & bonus adjusted · pick a metric and range

Annual performance

annual · ₹ crore · line = operating margin

	FY21	FY22	FY23	FY24	FY25	FY26
Revenue	191.0	250.6	368.1	111.5	33.7	329.8
EBITDA	-0.2	-184.5	159.0	46.6	-133.0	-264.4
Operating margin	-0.1%	-73.6%	43.2%	41.8%	-394.7%	-80.2%
Interest	20.6	86.3	117.2	136.0	106.4	52.6
Depreciation	8.2	8.7	7.2	6.5	9.0	10.1
Profit before tax	0.9	-229.3	41.1	-86.0	-243.2	14.8
Tax	-5.2	3.4	20.8	-9.0	-11.9	-4.2
Net profit	6.2	-232.7	20.4	-77.0	-229.6	19.1
EPS ₹	0.21	-7.89	0.69	-2.61	-7.84	0.64
Operating cash flow	—	-81.2	-81.0	158.2	43.0	190.7
Capex	—	0.0	6.6	41.0	37.2	31.5
Dividend paid	—	0.0	0.0	0.0	0.0	0.0
Total assets	—	—	3,157.3	3,465.6	4,215.7	4,599.6
Equity	—	—	1,351.7	1,274.6	1,043.0	1,062.1

Quarterly performance

last 23 quarters · ₹ crore

showing latest 8 of 23 periods

	DEC '20	MAR '21	JUN '21	SEP '21	DEC '21	MAR '22	JUN '22	SEP '22	DEC '22	MAR '23	JUN '23	SEP '23	DEC '23	MAR '24	JUN '24	SEP '24	DEC '24	MAR '25	JUN '25	SEP '25	DEC '25	MAR '26	JUN '26
Revenue	58.4	76.5	26.2	159.8	53.1	11.4	67.9	41.7	94.2	135.0	62.9	29.7	9.3	9.5	8.2	4.3	9.3	11.8	75.9	6.9	38.4	208.7	217.1
Operating profit	5.2	-11.4	3.0	60.9	22.2	-270.7	54.7	22.9	14.1	38.0	41.1	4.0	5.5	-4.1	-0.4	-24.4	-11.2	-83.6	-120.3	-35.6	-18.2	-90.3	40.2
Operating margin	8.9%	-14.9%	11.4%	38.1%	41.9%	-2365.9%	80.5%	54.9%	15.0%	28.2%	65.3%	13.5%	59.6%	-43.4%	-4.8%	-566.1%	-119.6%	-707.6%	-158.5%	-518.8%	-47.4%	-43.2%	18.5%
Other income	8.4	18.2	1.0	1.3	16.8	31.0	3.4	16.6	15.4	0.6	1.6	5.0	2.5	0.9	1.4	0.7	1.9	2.1	219.5	27.2	3.9	91.3	1.6
Interest	6.4	3.2	5.7	15.4	25.0	40.2	37.3	27.0	24.2	28.7	34.1	25.2	34.9	41.9	27.0	49.4	19.4	24.8	15.3	11.2	10.9	15.2	17.7
Depreciation	2.2	1.9	2.0	1.6	1.9	3.1	2.4	2.1	1.2	1.5	1.2	1.9	1.5	1.9	1.6	2.6	2.4	2.3	2.4	2.4	2.4	2.9	2.1
Profit before tax	5.0	1.7	-3.7	45.1	12.2	-282.9	18.3	10.3	4.1	8.3	7.5	-18.1	-28.4	-47.0	-27.6	-75.7	-31.1	-108.7	81.5	-22.0	-27.6	-17.1	22.0
Tax	-3.9	0.8	-0.6	39.8	3.7	-40.2	9.0	2.2	2.8	6.8	0.4	-19.2	5.1	4.7	3.1	-8.4	-2.4	-4.2	27.2	-6.3	-6.5	-18.7	-0.7
Net profit	8.9	1.0	-3.2	5.3	8.5	-242.7	9.3	8.2	1.4	1.5	7.1	1.1	-33.5	-51.8	-30.7	-67.3	-28.7	-102.9	54.2	-15.8	-21.0	1.6	22.6
EPS ₹	0.30	0.03	-0.11	0.18	0.29	-8.23	0.32	0.28	0.04	0.05	0.24	0.04	-1.13	-1.75	-1.04	-2.28	-0.97	-3.54	1.84	-0.53	-0.71	0.05	0.77
Revenue YoY	—	—	—	—	-9.0%	-85.0%	158.7%	-73.9%	77.4%	1080.0%	-7.3%	-28.7%	-90.1%	-93.0%	-87.0%	-85.5%	0.5%	24.7%	824.4%	59.4%	310.5%	1665.7%	186.1%
Profit YoY	—	—	—	—	-4.5%	-25384.4%	—	54.2%	-84.1%	—	-23.6%	-86.8%	-2580.7%	-3482.4%	-531.4%	-6336.1%	—	—	—	—	—	—	-58.2%

Returns & margins

trailing-twelve-month, per quarter

showing latest 8 of 20 periods

	SEP '21	DEC '21	MAR '22	JUN '22	SEP '22	DEC '22	MAR '23	JUN '23	SEP '23	DEC '23	MAR '24	JUN '24	SEP '24	DEC '24	MAR '25	JUN '25	SEP '25	DEC '25	MAR '26	JUN '26
ROE	—	—	—	—	-16.1%	-16.6%	1.5%	1.3%	0.8%	-1.7%	-6.0%	-9.0%	-15.6%	-15.2%	-22.0%	-13.9%	-8.6%	-7.9%	1.8%	-1.2%
ROCE	—	—	—	—	-4.1%	-4.5%	5.8%	5.3%	4.2%	3.4%	1.9%	0.3%	-0.8%	-1.4%	-4.1%	-0.8%	-0.3%	-0.5%	2.3%	0.4%
Net margin	3.7%	3.7%	-92.6%	-75.2%	-124.5%	-104.0%	6.0%	5.4%	3.4%	-10.0%	-69.1%	-202.5%	-585.5%	-569.2%	-681.6%	-142.8%	-89.6%	-64.3%	5.8%	-2.7%
EBITDA margin	18.0%	23.7%	-73.6%	-45.5%	-98.1%	-83.2%	38.3%	34.8%	30.2%	37.4%	41.8%	8.9%	-74.6%	-127.8%	-355.0%	-236.3%	-241.3%	-193.9%	-80.2%	-22.1%
Debt / equity	—	—	—	—	1.02	1.02	1.02	1.02	0.98	0.98	1.09	1.09	1.63	1.63	1.87	1.87	1.81	1.81	1.78	1.78
Interest coverage	2.57	2.12	-1.66	-0.76	-0.87	-0.94	1.35	1.27	1.02	0.75	0.37	0.06	-0.17	-0.32	-1.02	-0.23	-0.14	-0.24	1.28	0.19
Asset turnover	—	—	—	—	0.06	0.07	0.11	0.11	0.10	0.07	0.03	0.02	0.01	0.01	0.01	0.02	0.02	0.03	0.07	0.10

Balance sheet

equity vs borrowings over time · ₹ crore

showing latest 6 of 8 periods

	SEP '22	MAR '23	SEP '23	MAR '24	SEP '24	MAR '25	SEP '25	MAR '26
Share capital	59.0	59.0	59.0	59.0	59.0	59.0	59.0	59.0
Other equity / reserves	1,290.1	1,292.7	1,300.7	1,215.5	1,117.1	983.9	1,022.4	1,003.1
Total equity	1,349.2	1,351.7	1,359.8	1,274.6	1,176.1	1,043.0	1,081.4	1,062.1
Borrowings	1,377.6	1,381.0	1,326.9	1,387.6	1,914.8	1,949.7	1,957.5	1,888.7
Current liabilities	470.6	463.9	943.5	1,253.2	1,363.5	2,112.6	1,713.4	1,940.5
Non-current liabilities	1,343.5	1,341.4	944.3	937.5	1,351.7	1,059.9	1,753.1	1,596.8
Total assets	3,163.6	3,157.3	3,247.9	3,465.6	3,891.6	4,215.7	4,548.3	4,599.6
Property, plant & equipment	385.5	402.0	385.7	378.3	380.4	403.2	399.1	409.1
Capital work-in-progress	0.0	103.4	0.0	—	—	0.0	0.0	0.0
Investments	67.9	67.9	67.9	67.9	67.9	67.9	57.9	0.4
Inventories	709.6	1,106.2	1,223.3	1,384.7	1,712.1	1,951.4	2,273.5	2,395.8
Receivables	14.0	9.6	7.1	6.2	4.5	9.9	10.0	6.8
Cash & equivalents	80.0	105.8	29.5	58.8	64.5	48.3	111.5	77.3

Cash flow

annual · ₹ crore · line = free cash flow

	FY22	FY23	FY24	FY25	FY26
Cash from operations	-81.2	-81.0	158.2	43.0	190.7
Cash from investing	367.0	74.5	-39.1	-67.8	274.6
Cash from financing	-279.0	95.9	-166.1	14.3	-436.2
Capex	0.0	6.6	41.0	37.2	31.5
Free cash flow	-81.2	-87.6	117.2	5.7	159.3
Dividends paid	0.0	0.0	0.0	0.0	0.0

Where the assets sit

Mar '26 · ₹ crore

Fixed assets (PPE)

₹409.1 cr9%

Investments

₹0.4 cr0%

Inventories

₹2,395.8 cr52%

Receivables

₹6.8 cr0%

Cash & equivalents

₹77.3 cr2%

Other assets

₹1,710.1 cr37%

Peer comparison

largest in Realty · this company in bold

Company	Market cap ₹cr	Price	P/E	P/B	ROE
DLF Ltd.	1,86,365	752.90	40.8	4.09	10.0%
Lodha Developers Ltd.	1,17,829	1,179.00	27.1	4.66	17.2%
Phoenix Mills Ltd.	77,076	2,154.90	59.2	8.47	14.3%
Prestige Estates Projects Ltd.	70,161	1,629.00	75.2	4.21	5.6%
Oberoi Realty Ltd.	63,230	1,739.00	47.6	3.31	7.0%
Godrej Properties Ltd.	54,473	1,809.30	40.4	2.81	7.0%
Brigade Enterprises Ltd.	18,210	558.15	25.1	2.55	10.1%
Anant Raj Ltd.	16,032	445.45	26.8	2.65	9.9%
Sobha Ltd.	13,640	1,275.40	71.4	2.88	4.0%
Aditya Birla Real Estate Ltd.	11,933	1,068.40	15.7	2.61	16.6%
TARC Limited	3,697	125.27	—	3.48	-1.2%

StoxGud checklist: Bearish setup · 3/10

Price above 50-day average
Price above 200-day average
50-day average above 200-day (uptrend)
RSI in healthy 40–70 zone
Positive 1-year return
Return on equity above 15%
Debt to equity below 1
Revenue growing year on year
Net profit margin above 10%
P/E below industry median

A rules-based screen of trend, momentum, quality and valuation. Educational only — not a buy or sell recommendation.

Returns & technicals

1 month+2.5%

6 months-10.6%

1 year-12.8%

3Y CAGR+7.0%

5Y CAGR+20.8%

10Y CAGR—

50-day avg₹122.51

200-day avg₹131.25

RSI (14)51

FAQs

What is the share price of TARC Limited?

TARC Limited (TARC) closed at ₹125.27 on NSE on 06 Nov 2026.

What is the market cap of TARC Limited?

₹3,697 crore at the latest close.

How fast is TARC Limited growing?

TARC Limited: revenue has compounded at -3.6% a year over three years; net profit at -2.2% a year. Latest-quarter revenue is up 186.1% year on year, profit down 58.2%.

How profitable is TARC Limited?

On a trailing-twelve-month basis return on equity is -1.2%, return on capital employed 0.4%, operating margin -22.1%, net margin -2.7%.

How much debt does TARC Limited have?

TARC Limited is highly geared: debt to equity is 1.78 with borrowings of ₹1,889 cr against cash of ₹77 cr (balance sheet of 2026-03-31). Operating profit covers interest 0.2 times.

Financials parsed from TARC Limited's own XBRL filings to NSE (consolidated), ₹ crore unless marked. Quarterly from DEC '20, annual from FY21, balance sheet from Sep '22. * = derived (full year or half year minus earlier quarters). Information only, not investment advice.