TARC Ltd

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

TARC Ltd

₹ 199 5.00%
22 Jul - 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 creates beautiful homes, harmonious workspaces, Luxury Residences, Lifestyle Hubs, Industrial Parks, and welcoming lifestyle hubs. [1]

Website BSE NSE - BE
  • Market Cap ₹ 5,843 Cr.
  • Current Price ₹ 199
  • High / Low ₹ 239 / 70.6
  • Stock P/E 428
  • Book Value ₹ 46.3
  • Dividend Yield 0.00 %
  • ROCE 2.66 %
  • ROE 1.00 %
  • Face Value ₹ 2.00
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Pros

  • Company has delivered good profit growth of 324% CAGR over last 5 years

Cons

  • Stock is trading at 4.31 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.117 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

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
70.88 181.36 203.10 44.55 7.49 13.43 12.63 87.07 83.38 23.10 21.52 5.90 9.87
64.95 179.04 142.72 24.52 193.06 5.93 13.91 78.16 91.50 31.74 29.82 14.68 23.35
Operating Profit 5.93 2.32 60.38 20.03 -185.57 7.50 -1.28 8.91 -8.12 -8.64 -8.30 -8.78 -13.48
OPM % 8.37% 1.28% 29.73% 44.96% -2,477.57% 55.85% -10.13% 10.23% -9.74% -37.40% -38.57% -148.81% -136.58%
1.06 1.41 1.55 16.17 6.22 28.70 30.72 19.14 44.35 31.39 30.09 29.18 26.13
Interest 3.10 2.16 8.16 20.91 21.12 35.45 28.17 23.63 29.26 20.80 11.02 15.67 10.32
Depreciation 0.64 0.59 0.60 0.28 0.28 0.45 0.34 0.50 0.27 0.47 0.72 0.83 0.90
Profit before tax 3.25 0.98 53.17 15.01 -200.75 0.30 0.93 3.92 6.70 1.48 10.05 3.90 1.43
Tax % 32.92% 52.04% 69.12% 22.92% -12.82% -93.33% 54.84% -47.19% -13.58% 25.68% -7.96% 74.62% 49.65%
2.18 0.47 16.42 11.58 -175.02 0.58 0.41 5.77 7.61 1.10 10.85 0.99 0.72
EPS in Rs 0.07 0.02 0.56 0.39 -5.93 0.02 0.01 0.20 0.26 0.04 0.37 0.03 0.02
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
0 0 107 175 436 197 60
0 0 99 164 539 190 100
Operating Profit 0 -0 9 11 -103 7 -39
OPM % 8% 6% -24% 4% -65%
0 0 11 5 25 123 117
Interest 0 0 14 8 52 117 58
Depreciation 0 0 2 2 2 2 3
Profit before tax 0 -0 3 5 -132 12 17
Tax % 0% -65% 7% 11% -21% 19%
0 -0 4 5 -147 14 14
EPS in Rs 0.17 -4.97 0.49 0.46
Dividend Payout % 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: %
5 Years: %
3 Years: -30%
TTM: -69%
Compounded Profit Growth
10 Years: %
5 Years: 324%
3 Years: 41%
TTM: -5%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: 64%
1 Year: 171%
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
Equity Capital 0 0 59 59 59 59 59
Reserves -0 -0 1,421 1,426 1,279 1,294 1,307
0 0 1,069 1,065 861 1,447 1,454
0 0 357 370 331 158 226
Total Liabilities 0 0 2,905 2,920 2,531 2,957 3,045
0 0 810 827 26 24 27
CWIP 0 0 0 0 0 0 0
Investments 0 0 566 558 558 558 558
0 0 1,529 1,535 1,946 2,375 2,460
Total Assets 0 0 2,905 2,920 2,531 2,957 3,045

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 -386 120
0 0 -132 -196 -307 477 -179
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 2,762
Days Payable 56
Cash Conversion Cycle 0 28 410 906 5,633
Working Capital Days 1,343 1,305 988 3,180 10,781
ROCE % -29% 1% 1% -3% 5% 3%

Shareholding Pattern

Numbers in percentages

Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024
65.57% 65.57% 65.57% 65.57% 65.92% 65.92% 64.96% 64.96% 64.96% 64.96% 64.96% 64.96%
5.70% 5.69% 4.62% 2.35% 1.40% 1.57% 1.37% 2.15% 1.85% 1.92% 2.40% 2.89%
0.01% 0.01% 0.01% 0.27% 0.27% 0.02% 0.02% 0.36% 0.42% 0.89% 1.29% 1.95%
28.72% 28.73% 29.80% 31.82% 32.41% 32.48% 33.65% 32.53% 32.77% 32.22% 31.35% 30.20%
No. of Shareholders 48,41553,57160,85765,48964,69463,16561,46354,04354,08756,71061,01560,052

* 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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