1. India Stocks

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    Real Estate

  3. •

    Real Estate - Development
TARC Limited

TARC Limited

TARC.NS
TARC LimitedIN flagNational Stock Exchange of India
127.51
INR
+2.98
- -
37.63BMarket Cap
TARC Limited
TARC.NS
(National Stock Exchange of India)

Recent

price

127.51

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
46,429
50,536
33,823

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.NS), a premier real estate developer, engages in the construction and development of luxury residential, commercial, township, special economic zone (SEZ), IT park, and retail projects in India; it also owns, leases, and sells real estate properties including land, plots, apartments, and commercial units while maintaining substantial land banks primarily in the New Delhi Metropolitan Area. Incorporated in 2016 and headquartered at 2nd Floor, C-3, Qutab Institutional Area, Katwaria Sarai, New Delhi, India, the company—formerly known as Anant Raj Global Limited, with a name change in April 2021—focuses on ultra-luxury residential developments in key markets such as New Delhi and Gurugram, targeting high-net-worth individuals and non-resident Indians (NRIs) through projects like TARC Ishva, TARC Kailasa, and TARC Tripundra. Its operations emphasize integration of Indian heritage with modern aesthetics, sustainability, and premium amenities to deliver experiential living spaces. Recent developments include robust presales growth, with Q2 FY2025 presales reaching Rs 1,012 crore (900% year-on-year increase) and H1 FY2026 sales at Rs 565 crore alongside Rs 1,364 crore collections and Rs 1,652 crore cashflows; debt refinancing of Rs 1,000 crore at a reduced borrowing cost of 12.75% from over 18%; launches of its Rs 7,500-8,000 crore gross development value pipeline across three projects; and earlier funding infusion of Rs 1,330 crore from Bain Capital in 2022 to support expansion.