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    Real Estate

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    Real Estate - Development
TARC Limited

TARC Limited

TARC.BO
TARC LimitedIN flagBombay Stock Exchange
124.45
INR
-0.20
- -
36.55BMarket Cap
TARC Limited
TARC.BO
(Bombay Stock Exchange)

Recent

price

124.45

P/E

ratio

- -

div

yld

- -

ROIC.AI

2020
2021
2022
2023
2024
2025
2026
TTM
FRC
4.37
6.47
3.23
6.25
2.16
1.14
11.07
10.88
Revenue per Share
1.8
0.21
-7.89
0.69
-2.61
-7.84
0.64
0.63
Basic EPS, GAAP
2.25
4.26
-2.75
-2.97
3.97
0.17
6.4
- -
Free Cash Flow per Basic Share
- -
- -
- -
- -
- -
- -
- -
- -
Dividend per Share
51.86
52.07
44.18
44.87
2
2
1.98
1.95
Book Value per Share
43.39
43.61
35.73
36.4
33.8
25.96
26.33
25.89
Tangible Book Value per Share
295
295
295
295
295
295
298
303
Basic Weighted Avg Shares
1,290
1,910
955
1,845
637
337
3,298
3,298
Sales/Revenue/Turnover
13.29
-2.76
-173.35
-5.68
-90.21
-421.38
-83.23
-83.23
Operating Margin (%)
75
82
87
72
65
90
101
101
Depreciation Expense
531
62
-2,327
203
-770
-2,312
191
191
Net Income, GAAP
17.94
- -
- -
50.49
- -
- -
- -
33.45
Effective Tax Rate (%)
41.18
3.23
-243.83
11.02
-120.98
-686.34
5.78
5.78
Profit Margin (%)
1,474
1,523
-3,268
8,823
4,394
1,892
7,165
7,165
Working Capital
9,768
10,192
55
11,365
9,292
10,530
15,882
15,882
LT Debt
15,580
15,646
13,320
13,520
12,749
10,432
10,623
10,623
Total Equity
- -
- -
- -
-0.2
- -
- -
- -
- -
Return on Invested Capital (%)
- -
- -
- -
3.01
- -
- -
- -
- -
Return on Capital (%)
- -
0.4
-16.39
1.55
-11.14
-391.76
32.31
32.31
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Sep'26
Dec'26
Mar'26
ST Debt
2,165
- -
3,068
LT Borrowings
17,417
- -
15,853
LT Finance Leases
33
- -
29
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
295
- -
295
Market Capitalization
46,370
50,207
33,811

Working Capital

FRC

•

in mil. unless spec.
Sep'26
Dec'26
Mar'26
Total Current Assets
26,090
- -
26,570
Cash, Cash Equivalents & STI
1,884
- -
1,540
Accounts Receivable, Net
100
- -
68
Inventories
22,735
- -
23,958
Total Current Liabilities
17,134
- -
19,405
Payables & Accruals
- -
- -
- -
ST Debt
2,165
- -
3,068
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
-7.08%
1.83%
Free Cash Flow
- -
641.02%
3,691.24%
Net Income, GAAP
- -
-872.7%
-108.25%
Sales/Revenue/Turnover
- -
161.96%
879.09%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
629
297
93
-383
637
2025
82
43
93
118
337
2026
759
69
384
2,087
3,298

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.24
0.04
-1.13
- -
-2.61
2025
-1.04
-2.28
-0.97
-3.54
-7.84
2026
1.84
-0.53
-0.71
0.05
0.64

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -
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Business
TARC Limited (TARC.BO) engages in real estate development and construction primarily in India, focusing on luxury residential projects in New Delhi and Gurugram; it develops ultra-high-end apartments, townships, commercial properties, hospitality assets including hotels and branded service apartments, warehouses, retail spaces, SEZ, and IT parks, while also owning and leasing real estate properties and maintaining significant land banks in the National Capital Region including Delhi, Haryana, and Uttar Pradesh. Incorporated in 2016 and headquartered in New Delhi, the company, formerly known as Anant Raj Global Limited, changed its name to TARC Limited in April 2021 to emphasize its luxury branding inspired by Indian heritage. Targeting affluent customers seeking experiential living with premium amenities, sustainability, and innovative designs blending tradition and modernity, TARC operates predominantly in the Delhi-NCR luxury segment. Recent developments include launching ultra-luxury projects such as TARC Kailasa in central Delhi with a Rs 4,000 crore revenue potential and investing Rs 1,200 crore therein, TARC Ishva in Gurugram where 50% of inventory sold for Rs 1,350 crore, and TARC Tripundra; it reported record FY25 annual sales of Rs 3,722 crore, H1 FY26 presales of Rs 565 crore with collections of Rs 1,364 crore, Q3 FY25 presales of Rs 1,165 crore contributing to nine-month totals of Rs 2,487 crore, completed Rs 1,000 crore debt refinancing at 12.75% interest, raised Rs 1,330 crore from Bain Capital in 2022, and sold warehousing assets to Blackstone for Rs 295 crore in 2021 to fast-track residential focus.