Is TARC Ltd overvalued or undervalued?

As of August 13, 2024, TARC Ltd is considered risky and overvalued due to negative financial ratios, including a PE ratio of -23.18 and an EV to EBITDA of -60.43, despite recent stock performance outpacing the Sensex.

As of 13 August 2024, TARC Ltd has moved from a valuation grade of very expensive to risky. The company is currently assessed as overvalued based on its financial ratios, which include a PE ratio of -23.18, an EV to EBITDA of -60.43, and a ROE of -22.17%. These figures indicate significant financial distress and a lack of profitability, which are concerning for potential investors.<BR><BR>In comparison to its peers, TARC Ltd's valuation stands out negatively; for instance, DLF Ltd has a PE ratio of 46.64 and Macrotech Developers boasts a PE of 54.71, both classified as very expensive. The stark contrast in valuation metrics suggests that TARC Ltd is not only underperforming relative to its peers but also carries higher risk. Despite recent stock performance that outpaced the Sensex, with a 1-month return of 34.51% compared to the Sensex's 3.81%, the underlying financial health raises red flags, reinforcing the conclusion that TARC Ltd is overvalued.

What does TARC Ltd do?

TARC Ltd, a Mid Cap company established in 2016, focuses on developing residential projects, hotels, and warehouses. As of March 2025, it reported net sales of 12 Cr and a net loss of 105 Cr, with a market cap of Rs 5,356 Cr.

Overview: <BR>TARC Ltd is engaged in the development of residential projects, hotels, branded and service apartments, and warehouses, operating within the Realty industry and classified as a Mid Cap company.<BR><BR>History: <BR>TARC Ltd was incorporated in 2016 and was formerly known as Anant Raj Global Limited, with the name change effective from April 19, 2021. The latest quarterly results reported are for March 2025, showing net sales and profit figures.<BR><BR>Financial Snapshot: <BR>Most recent Net Sales: 12 Cr (Quarterly Results - Mar 2025) <BR>Most recent Net Profit: -105 Cr (Quarterly Results - Mar 2025) <BR>Market-cap value: Rs 5,356 Cr (Mid Cap)<BR><BR>Key Metrics: <BR>P/E: N/A <BR>Industry P/E: 45 <BR>Dividend Yield: 0.00% <BR>Debt-Equity: 1.79 <BR>Return on Equity: -22.17% <BR>Price to Book: 4.96<BR><BR>Contact Details: <BR>Details: No Company Details Available <BR>Registrar Address: Not available.

Has TARC Ltd declared dividend?

No Dividend History Available

Who are the peers of the TARC Ltd?

TARC Ltd's peers include DLF, Macrotech Developers, Godrej Properties, Prestige Estates, Oberoi Realty, Raymond, EFC (I), Arkade, Ajmera Realty, and Ashiana Housing. TARC Ltd has below average management risk and a 1-year return of -0.59%, better than Raymond but worse than EFC (I) at 73.33%.

Peers: The peers of TARC Ltd are DLF, Macrotech Devel., Godrej Propert., Prestige Estates, Oberoi Realty, Raymond, EFC (I), Arkade, Ajmera Realty, and Ashiana Housing.<BR><BR>Quality Snapshot: Excellent management risk is observed at Macrotech Devel. and Oberoi Realty, while Average management risk is found at DLF, Godrej Propert., Prestige Estates, EFC (I), Arkade, Ajmera Realty, and Ashiana Housing, and Below Average management risk is noted for TARC Ltd. Growth is Excellent at Macrotech Devel. and Oberoi Realty, Average at DLF, and Below Average at Godrej Propert., Prestige Estates, TARC Ltd, Raymond, Arkade, Ajmera Realty, and Ashiana Housing. Capital Structure is Excellent at Oberoi Realty and Arkade, Good at DLF, and Below Average at Macrotech Devel., Godrej Propert., Prestige Estates, TARC Ltd, Raymond, EFC (I), Ajmera Realty, and Ashiana Housing.<BR><BR>Return Snapshot: EFC (I) has the highest 1-year return at 73.33%, while Raymond has the lowest at -72.99%. TARC Ltd's 1-year return is -0.59%, which is better than Raymond's but worse than EFC (I). Additionally, the six-month returns are negative for DLF, Godrej Propert., Oberoi Realty, TARC Ltd, Raymond, and Ajmera Realty.

Who are in the management team of TARC Ltd?

As of March 2022, the management team of TARC Ltd includes Amar Sarin (Managing Director & CEO), Muskaan Sarin (Whole-time Director), Anil Sarin (Chairman), and several independent directors: M R Nayak, Ambarish Chatterjee, Jyoti Ghosh, and Bindu Acharya. This diverse team oversees the company's governance and strategic direction.

As of March 2022, the management team of TARC Ltd includes the following individuals:<BR><BR>1. Amar Sarin - Managing Director & CEO<BR>2. M R Nayak - Independent Director<BR>3. Muskaan Sarin - Whole-time Director<BR>4. Ambarish Chatterjee - Independent Director<BR>5. Anil Sarin - Chairman (Non-Executive)<BR>6. Jyoti Ghosh - Independent Director<BR>7. Bindu Acharya - Independent Director<BR><BR>This team comprises a mix of executive and independent directors, contributing to the governance and strategic direction of the company.

Who are the top shareholders of the TARC Ltd?

The top shareholders of TARC Ltd include promoter Anil Sarin with 33.48%, mutual funds holding 4.9%, foreign institutional investors at 2.3%, and the highest public shareholder, Bandhan Small Cap Fund, with 2.7%. Individual investors collectively own 18.13% of the company.

The top shareholders of TARC Ltd include the promoters, who hold the majority of the shares. Anil Sarin is the promoter with the highest holding at 33.48%. Additionally, mutual funds hold 4.9% of the shares through 9 different schemes, while foreign institutional investors (FIIs) have a stake of 2.3% across 77 FIIs. The highest public shareholder is Bandhan Small Cap Fund, which holds 2.7%. Individual investors collectively own 18.13% of the company.

How big is TARC Ltd?

As of 24th July, TARC Ltd has a market capitalization of 5,660.00 Cr and reported net sales of 33.69 Cr, with a net loss of 231.21 Cr in the latest four quarters. The company has shareholder's funds of 1,274.57 Cr and total assets of 3,369.26 Cr as of March 2024.

As of 24th July, TARC Ltd has a market capitalization of 5,660.00 Cr, categorizing it as a Mid Cap company.<BR><BR>In the latest four quarters, TARC Ltd reported net sales of 33.69 Cr. However, the company experienced a loss of 231.21 Cr in net profit during the same period.<BR><BR>The latest annual reporting period for TARC Ltd is March 2024. During this time, the company had shareholder's funds amounting to 1,274.57 Cr and total assets of 3,369.26 Cr.

When is the next results date for TARC Ltd?

TARC Ltd will declare its results on 12 August 2025.

TARC Ltd will declare its results on 12 August 2025.

Are TARC Ltd latest results good or bad?

TARC Ltd's latest results show impressive sales growth of 933.2% and a net profit of Rs 54.23 crore, but challenges remain with a significant decline in profit before tax and rising debt levels, indicating mixed performance overall.

TARC Ltd's latest results indicate a significant turnaround in performance, showcasing both impressive growth and some concerning challenges. The company reported net sales of Rs 75.89 crore for the quarter ending June 2025, which is a remarkable increase of 933.2% compared to the average of the previous four quarters. This growth is further highlighted by a consolidated net profit of Rs 54.23 crore, marking a 193.8% increase from an average loss in prior quarters.<BR><BR>However, there are notable issues as well. The profit before tax has sharply declined to Rs -138.00 crore, and the operating profit is at its lowest in five quarters, recorded at Rs -120.32 crore. Additionally, the debt-equity ratio has risen to 1.87 times, indicating increased borrowing, which could strain liquidity. The debtor turnover ratio has also decreased, suggesting slower collection of receivables.<BR><BR>In summary, while TARC Ltd has achieved impressive sales growth and a positive net profit, the decline in profit before tax and rising debt levels present significant challenges that the company will need to address moving forward. Overall, the results can be seen as a mixed bag—good in terms of sales and profit recovery, but concerning regarding operational efficiency and financial stability.

How has been the historical performance of TARC Ltd?

TARC Ltd has faced significant financial challenges, with net sales and total operating income plummeting from 368.12 Cr in Mar'23 to 33.69 Cr in Mar'25, resulting in a negative profit after tax of -231.29 Cr. Total liabilities increased from 3,068.41 Cr to 4,105.97 Cr during the same period, indicating a deteriorating financial position.

Answer:<BR>The historical performance of TARC Ltd shows significant fluctuations in key financial metrics over the years.<BR><BR>Breakdown:<BR>TARC Ltd's net sales have seen a dramatic decline from 368.12 Cr in Mar'23 to just 33.69 Cr in Mar'25. Total operating income followed a similar trend, dropping from 368.12 Cr in Mar'23 to 33.69 Cr in Mar'25. The raw material costs also decreased significantly, from 167.81 Cr in Mar'23 to 43.36 Cr in Mar'25. However, total expenditure, excluding depreciation, increased from 209.16 Cr in Mar'23 to 166.66 Cr in Mar'25, leading to an operating profit (PBDIT) that turned negative, reaching -132.97 Cr in Mar'25 compared to a positive 158.96 Cr in Mar'23. Interest expenses rose to 106.43 Cr in Mar'25, contributing to a profit before tax of -243.19 Cr. Consequently, the profit after tax also turned negative, amounting to -231.29 Cr in Mar'25. The company's total liabilities increased from 3,068.41 Cr in Mar'23 to 4,105.97 Cr in Mar'25, while total assets rose from 3,068.41 Cr to 4,105.97 Cr in the same period. Cash flow from operating activities decreased to 42.00 Cr in Mar'25, and the closing cash and cash equivalents fell to 48.00 Cr. Overall, TARC Ltd has experienced a challenging financial landscape with declining revenues and increasing liabilities.

How has been the historical performance of TARC Ltd?

TARC Ltd has experienced significant financial decline, with net sales dropping from 368.12 Cr in Mar'23 to 33.69 Cr in Mar'25, and operating profit turning negative at -132.97 Cr. The company also reported increasing losses, with profit after tax falling from 20.37 Cr to -231.29 Cr during the same period.

Answer:<BR>The historical performance of TARC Ltd shows significant fluctuations over the years, particularly in net sales and profitability.<BR><BR>Breakdown:<BR>TARC Ltd's net sales have seen a dramatic decline from 368.12 Cr in Mar'23 to just 33.69 Cr in Mar'25, reflecting a downward trend in revenue generation. Total operating income followed a similar pattern, dropping from 368.12 Cr in Mar'23 to 33.69 Cr in Mar'25. The company's total expenditure, excluding depreciation, peaked at 435.05 Cr in Mar'22 but has since decreased to 166.66 Cr in Mar'25. Operating profit (PBDIT) turned negative in Mar'25 at -132.97 Cr, following a positive figure of 158.96 Cr in Mar'23. This decline is mirrored in the profit before tax, which fell from 41.15 Cr in Mar'23 to -243.19 Cr in Mar'25. The profit after tax also showed a negative trend, moving from a profit of 20.37 Cr in Mar'23 to a loss of 231.29 Cr in Mar'25. On the balance sheet, total liabilities increased from 3,068.41 Cr in Mar'23 to 4,105.97 Cr in Mar'25, while total assets rose from 3,068.41 Cr to 4,105.97 Cr in the same period. Cash flow from operating activities decreased significantly, resulting in a net cash outflow of -10.00 Cr in Mar'25, compared to a net inflow of 89.00 Cr in Mar'23. Overall, TARC Ltd's financial performance indicates a challenging period marked by declining revenues and increasing losses.

How has been the historical performance of TARC Ltd?

TARC Ltd has experienced significant financial decline, with net sales dropping from 368.12 Cr in Mar'23 to 33.69 Cr in Mar'25, and operating profit turning negative at -127.77 Cr. The company reported a loss of -231.29 Cr in profit after tax for Mar'25, reflecting ongoing operational challenges.

Answer:<BR>The historical performance of TARC Ltd shows significant fluctuations in its financial metrics over the years, particularly in net sales, operating profit, and net profit.<BR><BR>Breakdown:<BR>TARC Ltd's net sales have seen a dramatic decline from 368.12 Cr in Mar'23 to just 33.69 Cr in Mar'25, reflecting a downward trend in total operating income as well. The company's total expenditure, excluding depreciation, peaked at 435.05 Cr in Mar'22 but has since decreased to 166.66 Cr in Mar'25. This reduction in expenditure has not translated into profitability, as the operating profit (PBDIT) turned negative, dropping from 165.50 Cr in Mar'23 to -127.77 Cr in Mar'25. The profit before tax also worsened, moving from a positive 41.15 Cr in Mar'23 to -243.19 Cr in Mar'25. Consequently, the profit after tax has remained negative, with a loss of -231.29 Cr reported in Mar'25, compared to a profit of 20.37 Cr in Mar'23. The company's total assets increased from 3,230.58 Cr in Mar'20 to 4,105.97 Cr in Mar'25, while total liabilities also rose significantly, reaching 4,105.97 Cr in Mar'25. Cash flow from operating activities has declined sharply, with a cash inflow of only 42.00 Cr in Mar'25 compared to 158.00 Cr in Mar'24. Overall, TARC Ltd's financial performance has been characterized by increasing losses and declining sales, indicating challenges in its operational efficiency and market position.

Should I buy, sell or hold TARC Ltd?

Is TARC Ltd technically bullish or bearish?

As of December 1, 2025, TARC Ltd's technical trend is mildly bearish, indicated by bearish MACD and KST readings, mixed RSI signals, and mildly bearish Bollinger Bands, suggesting cautious sentiment with prevailing bearish pressure in the short to medium term.

As of 1 December 2025, the technical trend for TARC Ltd has changed from bearish to mildly bearish. The current stance is mildly bearish, driven by several key indicators. The MACD is bearish on the weekly chart and mildly bearish on the monthly chart, indicating a lack of upward momentum. The RSI shows no signal on the weekly timeframe but is bullish on the monthly, suggesting some potential for recovery. Bollinger Bands are mildly bearish on both weekly and monthly charts, reinforcing the bearish sentiment. Moving averages on the daily timeframe are also mildly bearish. KST is bearish on the weekly and mildly bearish on the monthly, while Dow Theory indicates a mildly bullish stance on the weekly but no trend on the monthly. Overall, the mixed signals suggest a cautious outlook, with bearish pressure prevailing in the short to medium term.

Which are the latest news on TARC Ltd?

Why is TARC Ltd falling/rising?

As of 03-Dec, TARC Ltd's stock price is declining at 152.80, down 2.58% after a trend reversal. Despite strong long-term performance, short-term struggles, high debt, and poor profitability contribute to negative market sentiment.

As of 03-Dec, TARC Ltd's stock price is falling, currently at 152.80, reflecting a decrease of 4.05 or 2.58%. This decline follows a trend reversal after six consecutive days of gains. The stock has underperformed its sector by 1.87% today and reached an intraday low of Rs 151.55, indicating a significant drop of 3.38%. <BR><BR>Investor participation has also decreased, with delivery volume falling by 62.69% compared to the five-day average, suggesting reduced interest among investors. Although the stock has shown strong performance over the past three years with a return of 255.35%, it has struggled in the short term, with a year-to-date decline of 14.13% and a one-year drop of 33.09%. <BR><BR>The company's fundamentals are concerning, as it has reported operating losses and a high debt-to-EBITDA ratio of -1.00 times, indicating a weak ability to service its debt. Additionally, the return on equity is low at 0.32%, reflecting poor profitability. Despite positive net sales and profit after tax reported for the latest six months, the overall market sentiment remains negative, contributing to the stock's current decline.