TARC Ltd

TARC Ltd Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

TARC Ltd

₹ 123 -2.20%
28 Mar - close price
tarc.in BSE: 543249 NSE: TARC
About

TARC Ltd. (The Anant Raj Corporation) started out as a construction and contracting company and evolved to become one of the largest real estate development companies and land bank holders in the New Delhi Metropolitan Area. The company‘s key developments are across verticals like Residential, Hospitality, Commercial and Retail projects.
The name of the company has been changed from Anant Raj Global Ltd. to TARC Ltd. in April 2021. [1]

Key Points

Business Services
The company is engaged in the development of luxurious residential projects in New Delhi and Gurugram. [1] TARC is a leading brand in the luxury residential sector. [2]

Website BSE NSE
  • Market Cap ₹ 3,634 Cr.
  • Current Price ₹ 123
  • High / Low ₹ 276 / 103
  • Stock P/E
  • Book Value ₹ 45.7
  • Dividend Yield 0.00 %
  • ROCE 2.66 %
  • ROE 1.00 %
  • Face Value ₹ 2.00
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Pros

Cons

  • Stock is trading at 2.69 times its book value
  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company has low interest coverage ratio.
  • Company has a low return on equity of -2.88% over last 3 years.
  • Company might be capitalizing the interest cost
  • Earnings include an other income of Rs.97.4 Cr.
  • Company has high debtors of 2,927 days.
  • Working capital days have increased from 4,983 days to 10,781 days

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: Realty Industry: Construction

Part of BSE Allcap BSE Consumer Discretionary Nifty Total Market Nifty Microcap 250 BSE SmallCap

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024
44.55 7.49 13.43 12.63 87.07 83.38 23.10 21.52 5.90 9.87 4.82 0.85 4.35
24.52 193.06 5.93 13.91 78.16 91.50 31.74 29.82 14.68 23.35 10.06 9.94 12.95
Operating Profit 20.03 -185.57 7.50 -1.28 8.91 -8.12 -8.64 -8.30 -8.78 -13.48 -5.24 -9.09 -8.60
OPM % 44.96% -2,477.57% 55.85% -10.13% 10.23% -9.74% -37.40% -38.57% -148.81% -136.58% -108.71% -1,069.41% -197.70%
16.17 6.22 28.70 30.72 19.14 44.35 31.39 30.09 29.18 26.13 26.47 26.72 18.03
Interest 20.91 21.12 35.45 28.17 23.63 29.26 20.80 11.02 15.67 10.32 12.28 47.38 17.34
Depreciation 0.28 0.28 0.45 0.34 0.50 0.27 0.47 0.72 0.83 0.90 0.73 0.80 0.79
Profit before tax 15.01 -200.75 0.30 0.93 3.92 6.70 1.48 10.05 3.90 1.43 8.22 -30.55 -8.70
Tax % 22.92% -12.82% -93.33% 54.84% -47.19% -13.58% 25.68% -7.96% 74.62% 49.65% 25.67% -24.52% -28.05%
11.58 -175.02 0.58 0.41 5.77 7.61 1.10 10.85 0.99 0.72 6.11 -23.06 -6.26
EPS in Rs 0.39 -5.93 0.02 0.01 0.20 0.26 0.04 0.37 0.03 0.02 0.21 -0.78 -0.21
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
0 0 107 175 436 197 60 20
0 0 99 164 539 190 100 56
Operating Profit 0 -0 9 11 -103 7 -39 -36
OPM % 8% 6% -24% 4% -65% -183%
0 0 11 5 25 123 117 97
Interest 0 0 14 8 52 117 58 87
Depreciation 0 0 2 2 2 2 3 3
Profit before tax 0 -0 3 5 -132 12 17 -30
Tax % 0% -65% 7% 11% -21% 19%
0 -0 4 5 -147 14 14 -22
EPS in Rs 0.17 -4.97 0.49 0.46 -0.76
Dividend Payout % 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: %
5 Years: %
3 Years: -30%
TTM: -85%
Compounded Profit Growth
10 Years: %
5 Years: 324%
3 Years: 41%
TTM: -209%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: 48%
1 Year: -12%
Return on Equity
10 Years: %
5 Years: -2%
3 Years: -3%
Last Year: 1%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 0.05 0.05 59 59 59 59 59 59
Reserves -0 -0 1,421 1,426 1,279 1,294 1,307 1,290
0 0 1,069 1,065 861 1,447 1,454 1,221
0 0 357 370 331 166 226 88
Total Liabilities 0 0 2,905 2,920 2,531 2,965 3,045 2,658
0 0 810 827 26 24 27 26
CWIP 0 0 0 0 0 0 0 0
Investments 0 0 566 558 558 558 558 558
0 0 1,529 1,535 1,946 2,383 2,460 2,074
Total Assets 0 0 2,905 2,920 2,531 2,965 3,045 2,658

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
0 -0 70 158 -50 -27 -8
0 0 56 41 363 -386 105
0 0 -132 -196 -307 477 -165
Net Cash Flow 0 -0 -5 3 6 64 -67

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 0 28 410 906 2,927
Inventory Days
Days Payable
Cash Conversion Cycle 0 28 410 906 2,927
Working Capital Days 1,343 1,305 988 3,180 10,781
ROCE % -29% 1% 1% -3% 5% 3%

Shareholding Pattern

Numbers in percentages

4 Recently
Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024
65.57% 65.57% 65.92% 65.92% 64.96% 64.96% 64.96% 64.96% 64.96% 64.96% 64.96% 64.96%
4.62% 2.35% 1.40% 1.57% 1.37% 2.15% 1.85% 1.92% 2.40% 2.89% 2.72% 2.35%
0.01% 0.27% 0.27% 0.02% 0.02% 0.36% 0.42% 0.89% 1.29% 1.95% 3.31% 4.34%
29.80% 31.82% 32.41% 32.48% 33.65% 32.53% 32.77% 32.22% 31.35% 30.20% 29.01% 28.35%
No. of Shareholders 60,85765,48964,69463,16561,46354,04354,08756,71061,01560,05259,93562,404

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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