TARC Ltd

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

TARC Ltd

₹ 148 -3.33%
21 Jan 12:46 p.m.
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 ₹ 4,366 Cr.
  • Current Price ₹ 148
  • High / Low ₹ 276 / 126
  • Stock P/E
  • Book Value ₹ 39.9
  • Dividend Yield 0.00 %
  • ROCE 1.91 %
  • ROE -5.77 %
  • Face Value ₹ 2.00
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Pros

Cons

  • Stock is trading at 3.70 times its book value
  • Company has low interest coverage ratio.
  • Company has a low return on equity of -7.08% over last 3 years.
  • Working capital days have increased from 1,591 days to 2,572 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 BSE SmallCap Nifty Total Market Nifty Microcap 250

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
160 53 11 68 42 94 135 63 30 9 9 8 4
99 31 282 13 19 80 97 22 39 4 14 23 29
Operating Profit 61 22 -271 55 23 14 38 41 -9 6 -4 -15 -24
OPM % 38% 42% -2,366% 80% 55% 15% 28% 65% -32% 60% -43% -178% -566%
1 17 31 3 17 15 1 2 5 2 1 1 1
Interest 15 25 40 37 27 24 29 34 12 35 42 13 49
Depreciation 2 2 3 2 2 1 2 1 2 2 2 2 3
Profit before tax 45 12 -283 18 10 4 8 7 -18 -28 -47 -28 -76
Tax % 88% 30% -14% 49% 21% 67% 82% 5% -106% 18% 10% 11% -11%
5 9 -243 9 8 1 2 7 1 -33 -52 -31 -67
EPS in Rs 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
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
137 191 251 369 111 31
112 191 435 205 63 69
Operating Profit 25 -0 -184 164 48 -38
OPM % 19% -0% -74% 44% 43% -120%
72 30 50 2 9 5
Interest 25 21 86 117 136 139
Depreciation 8 8 9 7 6 8
Profit before tax 65 1 -229 41 -86 -179
Tax % 18% -563% 1% 50% -10%
53 6 -233 20 -77 -183
EPS in Rs 0.21 -7.89 0.69 -2.61 -6.20
Dividend Payout % 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: %
5 Years: %
3 Years: -16%
TTM: -90%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: %
TTM: -1763%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: 42%
1 Year: -4%
Return on Equity
10 Years: %
5 Years: %
3 Years: -7%
Last Year: -6%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 59 59 59 59 59 59
Reserves 1,499 1,505 1,273 1,293 1,216 1,117
1,298 1,321 1,179 1,386 1,393 1,919
471 521 468 428 796 796
Total Liabilities 3,327 3,407 2,979 3,166 3,463 3,892
1,564 1,662 1,053 1,066 1,107 1,166
CWIP 73 0 0 0 0 0
Investments 138 138 68 68 68 68
1,552 1,607 1,858 2,032 2,289 2,658
Total Assets 3,327 3,407 2,979 3,166 3,463 3,892

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
116 144 -81 -81 158
17 23 367 75 -39
-143 -161 -279 96 -166
Net Cash Flow -9 6 7 89 -47

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 8 32 7 9 20
Inventory Days
Days Payable
Cash Conversion Cycle 8 32 7 9 20
Working Capital Days 483 839 1,193 1,007 2,572
ROCE % 1% -5% 6% 2%

Shareholding Pattern

Numbers in percentages

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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