Companies›Consumer Discretionary›Realty›Realty
NSE:TARC

TARC LIMITED

Realty › Realty·NIFTY MICROCAP 250NIFTY SMALLCAP 500NIFTY TOTAL MARKET
₹109.04
at close · 28 Oct 2026
▼ 3.76 (-3.33%)

Latest filings

  1. Compliance certificate for share dematerialization for quarter ended September 2026 · Compliance
  2. Trading window closed from Oct 1 ahead of Q2 results · Compliance
  3. TARC 10th AGM: All 7 Resolutions Passed · Compliance
All filings ↓
Ask Nexa about TARC LIMITED

Snapshot

What the business is, and whether it's a good one at a fair price.

AI · written from filings

Develops luxury residential real estate in Delhi and Gurugram, with revenue recognised as homes are handed over to buyers. The portfolio currently has three ongoing projects — TARC Tripundra (GDV ~₹1,000 crore), TARC Kailasa (GDV ~₹4,400 crore), and TARC Ishva (GDV ~₹3,600 crore) — giving a combined ~₹9,000 crore of gross development value under execution. FY26 saw the start of customer handovers at Tripundra, which carries a project-level embedded gross margin of ~45%; the company reports FY26 presales of ₹1,373 crore and business cashflows of ₹1,132 crore. Materials sit at 214.4% of revenue, reflecting the land and construction inputs typical of a developer, with employee costs at 9.2% and other opex at 91.3% of revenue. Management is working toward net debt zero by FY27 through phased debt repayment of ~₹900 crore annually, and the NCDs carry an IVR BBB- rating currently on Rating Watch Negative.

Operating scale
TARC Tripundra GDV
~₹1,000 croreFY26
TARC Kailasa GDV
~₹4,400 croreFY26
TARC Ishva GDV
~₹3,600 croreFY26
FY26 presales
₹1,373 croreFY26
FY26 business cashflows
₹1,132 croreFY26
Q1 FY27 presales
₹602 croreQ1 FY27
Who pays it
Buyers of luxury residential homes in Delhi and Gurugram
Biggest cost
Materials (land and construction) at 214.4% of revenue
Kind of business
Asset-heavy, project-driven luxury residential developer with high working capital intensity
Where it sits
Three ongoing luxury projects in Delhi-NCR with combined ~₹9,000 crore GDV under execution; revenue recognition currently commencing at Tripundra
Market Cap
₹3,218 Cr
P / E (TTM)
—
EV / EBITDA
249.9×
Div Yield
—
Growth
11.6%▲
Revenue 5y CAGR
PAT +25.3% · EBITDA +21.2%
Quality
2.3%·
ROCE (5y median)
ROE -6.0% (5y median) · margin 23.5%
Leverage
1.78·
Debt / Equity · high
Net debt ₹1,811 Cr
Revenue FY21→FY26
1.7×▲
Margin +2.5 pts
₹191 Cr → ₹330 Cr
Moves on a normal day
1.52%·
Median daily move
Last 267 sessions · the yardstick for filing-day moves
Where it sits among 66 Residential Commercial Projects peersBar = share of peers beaten · tick = industry median · latest reported figures
P/B#51/64
ROCE#56/66
ROE#52/64
Debt / Equity#60/64
EBITDA margin#43/66
Revenue growth#7/67
Profit growth#57/66

Scorecard

Measured from the filed financials, judged against its Residential Commercial Projects peers · as of FY26 — not investment advice

Strengths
Profit compounding 25% a year over 5 years
Concerns
Erratic profits — up in only 2 of the last 5 years
Returns on capital 2.3% (5-year median)
#56 of 66 in Residential Commercial Projects on the latest reported figures
Carries more debt than its peers — 1.78× equity
higher than 94% of its 64 Residential Commercial Projects peers
Heavy working capital — 2573 days of cash tied up

Charts

How has the market priced it — with filings on the timeline?

TARC · price

Loading chart…

▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Peers

How does it stack up on valuation, returns and growth?

Loading peers…

Financials

Quarterly & annual P&L, balance sheet, cash flow, ratios and segments.

Loading financials…

Ownership

Who owns it — and is the promoter stake clean?

Loading shareholding…

Sign up to see the full company file

Governance, sustainability, compliance, earnings calls, presentations, events, reactions and the full filings feed — free with an account.

Common questions

Answered from TARC LIMITED's filed financials and exchange disclosures

What does TARC LIMITED do?

TARC LIMITED is a Realty company listed on NSE and BSE, trading under the symbol TARC.

Is TARC LIMITED profitable?

No. Over the trailing twelve months TARC LIMITED reported a net loss of ₹13 Cr on revenue of ₹471 Cr.

Does TARC LIMITED pay a dividend?

Not in the latest reported year — TARC LIMITED's dividend payout for FY26 was nil.

Is TARC LIMITED debt-free?

No. It reported borrowings of ₹1,889 Cr on its 31 Mar 2026 balance sheet, or net debt of ₹1,811 Cr after cash. Debt stands at 1.78× equity. That is higher than 94% of its 64 Residential Commercial Projects peers.

How much does the TARC LIMITED share price move in a day?

On a typical session TARC LIMITED moves 1.52% — that is the median absolute close-to-close move across its last 267 trading days. MarketPing measures each filing's price reaction against it.

Where can I track TARC LIMITED's announcements?

Every NSE and BSE filing by TARC LIMITED appears on this page, AI-summarised, alongside the price reaction that followed it. Follow the company to get each new filing on WhatsApp within minutes.

Figures are as last reported and may lag the latest filing. Not investment advice.