TARC Limited (IN:TARC)
:TARC
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TARC Limited
(TARC)
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Rating:46Neutral
Price Target:
₹124.00
▼(-31.98% Downside)
Action:ReiteratedDate:12/02/25
The overall stock score of 46 reflects significant financial challenges, including high leverage and inconsistent profitability, which are the most impactful factors. Technical analysis suggests a bearish trend, while valuation concerns are heightened by the negative P/E ratio and lack of dividend yield. These factors collectively contribute to a cautious outlook for TARC Limited.
Positive Factors
Market Focus / Location
Concentrated operations in Delhi–NCR position the company in one of India's largest housing markets with structural demand from urban migration and affordability gaps. This geographic focus supports repeatable sales pipelines and long-term land sourcing advantages versus fragmented regional peers.
Negative Factors
High Leverage
Elevated debt relative to equity increases interest and refinancing pressure, limiting strategic flexibility. Over the medium term, high leverage can constrain new project launches, raise funding costs, and magnify earnings volatility if sales or collections slow.
Read all positive and negative factors
Positive Factors
Negative Factors
Market Focus / Location
Concentrated operations in Delhi–NCR position the company in one of India's largest housing markets with structural demand from urban migration and affordability gaps. This geographic focus supports repeatable sales pipelines and long-term land sourcing advantages versus fragmented regional peers.
Read all positive factors
TARC Limited (TARC) vs. iShares MSCI India ETF (INDA)
Market Cap
₹37.31B
Dividend YieldN/A
Average Volume (3M)32.60K
Price to Earnings (P/E)―
Beta (1Y)1.51
Revenue Growth863.34%
EPS Growth48.32%
CountryIN
Employees187
SectorServices
Sector StrengthN/A
IndustryReal Estate - Development
Share Statistics
EPS (TTM)-0.71
Shares Outstanding295,096,340
10 Day Avg. Volume33,562
30 Day Avg. Volume32,601
Financial Highlights & Ratios
PEG Ratio-0.08
Price to Book (P/B)3.66
Price to Sales (P/S)113.18
P/FCF Ratio668.69
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)2
Revenue Forecast (FY)₹12.00B
TARC Limited Business Overview & Revenue Model
Company Description
TARC Limited engages in the real estate development business in India. The company undertakes residential, hotels, branded and service apartments, warehouses, hospitality, and retail projects. It also owns and leases real estate properties; and en...
How the Company Makes Money
TARC primarily makes money by developing and selling real estate units within its projects. The main revenue stream is consideration received from customers for the sale of residential apartments and other developed units (including associated cha...
TARC Limited Financial Statement Overview
Summary
Income Statement
40
Negative
Balance Sheet
50
Neutral
Cash Flow
45
Neutral
| Breakdown | TTM | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 1.04B | 336.89M | 1.12B | 1.85B | 954.53M | 1.91B |
| Gross Profit | 617.27M | -96.70M | 706.59M | 814.23M | -1.85B | 260.46M |
| EBITDA | -1.33M | -1.28B | 561.16M | 1.65B | -1.46B | 20.35M |
| Net Income | -947.17M | -2.31B | -770.46M | 203.40M | -2.33B | 61.77M |
Balance Sheet | ||||||
| Total Assets | 45.48B | 42.16B | 34.66B | 31.66B | 29.79B | 34.12B |
| Cash, Cash Equivalents and Short-Term Investments | 1.88B | 2.05B | 588.42M | 1.06B | 193.49M | 118.84M |
| Total Debt | 19.62B | 19.54B | 13.93B | 13.86B | 11.79B | 13.21B |
| Total Liabilities | 34.67B | 31.72B | 21.91B | 18.14B | 16.47B | 18.48B |
| Stockholders Equity | 10.81B | 10.43B | 12.75B | 13.52B | 13.32B | 15.64B |
Cash Flow | ||||||
| Free Cash Flow | 2.45B | 57.02M | 1.17B | -876.05M | -811.72M | 1.26B |
| Operating Cash Flow | 2.65B | 429.55M | 1.58B | -810.12M | -811.72M | 1.44B |
| Investing Cash Flow | -393.69M | -678.05M | -390.62M | 745.16M | 3.67B | 229.73M |
| Financing Cash Flow | -1.62B | 142.64M | -1.66B | 958.92M | -2.79B | -1.61B |
TARC Limited Technical Analysis
Neutral
182.30
Price Trends
141.33
Negative
147.59
Negative
158.61
Negative
Market Momentum
-6.84
Negative
48.18
Neutral
51.50
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:TARC, the sentiment is Neutral. The current price of 182.3 is above the 20-day moving average (MA) of 123.74, above the 50-day MA of 141.33, and above the 200-day MA of 158.61, indicating a neutral trend. The MACD of -6.84 indicates Negative momentum. The RSI at 48.18 is Neutral, neither overbought nor oversold. The STOCH value of 51.50 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for IN:TARC.
TARC Limited Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
73 Outperform | ₹34.21B | 0.56 | ― | ― | -17.28% | 43.34% | |
67 Neutral | ₹35.94B | 13.34 | ― | 0.67% | 13.96% | 12.91% | |
62 Neutral | ₹51.72B | 30.38 | ― | 0.06% | 5.56% | -22.59% | |
61 Neutral | ₹33.05B | 12.27 | ― | ― | -15.09% | -15.98% | |
58 Neutral | ₹19.38B | 10.65 | ― | ― | 15.23% | 8.61% | |
55 Neutral | $13.29B | 17.42 | 10.03% | 0.93% | 7.13% | -12.93% | |
46 Neutral | ₹37.31B | -59.93 | ― | ― | 863.34% | 48.32% |
* Services Sector Average
IN:TARC
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TARC Limited Corporate Events
TARC Limited Marks Strong Cash Flows and Project Milestones as It Deepens Bet on Luxury Housing
Jan 12, 2026
TARC Limited reported strong operational momentum for the nine months ended December 31, 2025, driven by robust sales of ₹977 crore, collections of ₹603 crore and total business cash flows of ₹910 crore in FY26 year-to-date, unde...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.