TARC Limited (IN:TARC)
:TARC
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TARC Limited
(TARC)
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Rating:46Neutral
Price Target:
₹135.00
▼(-25.95% Downside)
Action:Reiterated
Date: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
Focused residential & mixed-use developer
TARC's core business of identifying land, developing projects and selling residential/mixed-use units is a durable, cash-driven model. Successful project execution converts hard assets into cash receipts over project cycles, supporting predictable revenue streams when launches and deliveries are steady.
Negative Factors
High debt burden
Elevated debt-to-equity increases interest and refinancing obligations, constraining capital allocation for new projects. Over months this leverage raises solvency risk if sales slow, limits strategic flexibility, and heightens vulnerability to rising rates or credit-market tightening.
Read all positive and negative factors
Positive Factors
Negative Factors
Focused residential & mixed-use developer
TARC's core business of identifying land, developing projects and selling residential/mixed-use units is a durable, cash-driven model. Successful project execution converts hard assets into cash receipts over project cycles, supporting predictable revenue streams when launches and deliveries are steady.
Read all positive factors
TARC Limited (TARC) vs. iShares MSCI India ETF (INDA)
Market Cap
₹38.67B
Dividend YieldN/A
Average Volume (3M)32.60K
Price to Earnings (P/E)―
Beta (1Y)1.40
Revenue Growth964.36%
EPS Growth51.21%
CountryIN
Employees187
SectorServices
Sector StrengthN/A
IndustryReal Estate - Development
Share Statistics
EPS (TTM)-3.20
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 real estate projects and selling completed (or under-construction) residential and mixed-use units. Revenue is typically recognized from (a) sale of apartments/units in its projects, including collections t...
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
129.36
Positive
144.26
Negative
149.81
Negative
Market Momentum
-0.70
Positive
48.17
Neutral
47.15
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 133.37, above the 50-day MA of 129.36, and above the 200-day MA of 149.81, indicating a neutral trend. The MACD of -0.70 indicates Positive momentum. The RSI at 48.17 is Neutral, neither overbought nor oversold. The STOCH value of 47.15 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 |
|---|---|---|---|---|---|---|---|
75 Outperform | ₹54.07B | 30.38 | ― | 0.06% | 10.19% | -16.13% | |
66 Neutral | ₹36.92B | 7.33 | ― | 0.67% | 0.52% | -1.01% | |
62 Neutral | ₹34.66B | 4.63 | ― | ― | -25.08% | 51.20% | |
62 Neutral | ₹18.41B | 8.91 | ― | ― | 11.63% | -6.76% | |
61 Neutral | ₹30.31B | 12.27 | ― | ― | -14.42% | -13.89% | |
55 Neutral | $13.29B | 17.42 | 10.03% | 0.93% | 7.13% | -12.93% | |
46 Neutral | ₹38.67B | -59.93 | ― | ― | 964.36% | 51.21% |
* Services Sector Average
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TARC Limited Corporate Events
TARC boosts luxury real estate pipeline with ₹9,000 crore in flagship projects
Apr 15, 2026
TARC Limited reported a robust performance for FY2026, underpinned by progress across its luxury residential projects in Delhi NCR and the start of revenue recognition from completed phases. The developer is leveraging delivery milestones and new ...
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.