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TARC Limited
(TARC)
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Rating:45Neutral
Price Target:
₹107.00
▼(-19.55% Downside)
Action:Reiterated
Date:09/06/26
The score is held back primarily by uneven financial quality—especially negative FY2026 operating/free cash flow and elevated leverage—despite a meaningful FY2026 earnings rebound. Technicals are mixed with only modest near-term support and a weaker longer-term trend, while valuation metrics are constrained by negative earnings and no provided dividend yield.
Positive Factors
Revenue Growth
Reported revenue growth of 82.84% signals substantial expansion in the latest available fundamentals. For a developer, stronger revenue indicates increased project monetization and can support operating leverage, reinvestment and broader execution capacity if project execution remains effective.
Negative Factors
Elevated Leverage
Debt-to-equity around 1.8x is materially above the earlier ~0.85–1.1x range, leaving the balance sheet more exposed to operating setbacks. Higher leverage can reduce financial flexibility and make project funding, capital allocation and resilience more dependent on sustained execution and cash generation.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Growth
Reported revenue growth of 82.84% signals substantial expansion in the latest available fundamentals. For a developer, stronger revenue indicates increased project monetization and can support operating leverage, reinvestment and broader execution capacity if project execution remains effective.
Read all positive factors
TARC Limited (TARC) vs. iShares MSCI India ETF (INDA)
Market Cap
₹33.73B
Dividend YieldN/A
Average Volume (3M)14.23K
Price to Earnings (P/E)―
Beta (1Y)1.28
Revenue Growth82.84%
EPS Growth91.45%
CountryIN
Employees412
SectorGeneral
Sector StrengthN/A
IndustryReal Estate - Development
Share Statistics
EPS (TTM)-0.42
Shares Outstanding295,096,340
10 Day Avg. Volume14,370
30 Day Avg. Volume14,229
Financial Highlights & Ratios
PEG Ratio-0.15
Price to Book (P/B)0.43
Price to Sales (P/S)0.68
P/FCF Ratio-2.21
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)-2.9
Revenue Forecast (FY)₹12.00B
TARC Limited Business Overview & Revenue Model
Company Description
TARC Limited is an Indian enterprise primarily focused on property development. Its activities encompass a broad range of real estate projects, including residential housing, hotels, branded and serviced apartments, industrial warehouses, and reta...
How the Company Makes Money
TARC primarily makes money by developing real estate projects and monetizing them through the sale of completed or under-construction property units to end customers. Revenue is typically recognized from customer contracts for the sale of real est...
TARC Limited Financial Statement Overview
Summary
Income Statement
58
Neutral
Balance Sheet
46
Neutral
Cash Flow
34
Negative
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 4.77B | 6.72B | 336.89M | 1.12B | 1.85B | 954.53M |
| Gross Profit | 704.26M | 3.89B | -96.70M | 706.59M | 814.23M | -1.85B |
| EBITDA | 201.26M | 775.14M | -1.28B | 561.16M | 1.65B | -1.46B |
| Net Income | -125.09M | 190.71M | -2.31B | -770.46M | 203.40M | -2.33B |
Balance Sheet | ||||||
| Total Assets | 0.00 | 46.00B | 42.16B | 34.66B | 31.66B | 29.79B |
| Cash, Cash Equivalents and Short-Term Investments | 810.91M | 810.91M | 2.05B | 588.42M | 1.06B | 193.49M |
| Total Debt | 0.00 | 18.95B | 19.54B | 13.93B | 13.86B | 11.79B |
| Total Liabilities | -10.62B | 35.37B | 31.72B | 21.91B | 18.14B | 16.47B |
| Stockholders Equity | 10.62B | 10.62B | 10.43B | 12.75B | 13.52B | 13.32B |
Cash Flow | ||||||
| Free Cash Flow | 2.45B | -2.08B | 57.02M | 1.17B | -876.05M | -811.72M |
| Operating Cash Flow | 2.65B | -1.76B | 429.55M | 1.58B | -810.12M | -811.72M |
| Investing Cash Flow | -393.69M | 2.67B | -678.05M | -390.62M | 745.16M | 3.67B |
| Financing Cash Flow | -1.62B | -612.94M | 142.64M | -1.66B | 958.92M | -2.79B |
TARC Limited Technical Analysis
Negative
133.00
Price Trends
124.01
Negative
125.61
Negative
134.11
Negative
Market Momentum
-3.01
Positive
39.23
Neutral
17.98
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:TARC, the sentiment is Negative. The current price of 133 is above the 20-day moving average (MA) of 121.66, above the 50-day MA of 124.01, and below the 200-day MA of 134.11, indicating a bearish trend. The MACD of -3.01 indicates Positive momentum. The RSI at 39.23 is Neutral, neither overbought nor oversold. The STOCH value of 17.98 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative 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 |
|---|---|---|---|---|---|---|---|
69 Neutral | ₹34.56B | 28.75 | ― | 0.73% | 37.12% | 224.95% | |
61 Neutral | ₹25.10B | 14.63 | ― | 0.27% | 6.67% | -38.45% | |
60 Neutral | ₹40.29B | 18.85 | ― | 0.55% | 50.62% | 32.30% | |
56 Neutral | ₹20.36B | 21.53 | ― | 0.84% | 28.63% | -26.47% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
53 Neutral | ₹40.14B | 32.09 | ― | 1.09% | 7.76% | 27.78% | |
45 Neutral | ₹33.73B | -273.48 | ― | ― | 82.84% | 91.45% |
* General Sector Average
IN:TARC
TARC Limited
114.30
-29.80
-20.68%
IN:ASHIANA
Ashiana Housing Limited
343.80
67.62
24.48%
IN:HUBTOWN
Hubtown Limited
143.25
-158.15
-52.47%
IN:KOLTEPATIL
Kolte-Patil Developers Limited
452.65
17.35
3.99%
IN:MARATHON
Marathon Nextgen Realty Limited
372.20
-235.58
-38.76%
IN:SUNTECK
Sunteck Realty Limited
274.35
-162.85
-37.25%
TARC Limited Corporate Events
TARC Limited Highlights Luxury Focus and Clean Audit at 10th AGM
Sep 19, 2026
TARC Limited held its 10th Annual General Meeting on September 19, 2026 via video conferencing and other audio-visual means, complying with Companies Act and SEBI listing regulations. The meeting covered remote e-voting arrangements, participation...
TARC Discloses Voting Outcomes of 10th AGM to Exchanges
Sep 19, 2026
TARC Limited is an India-based listed company with its equity and debt securities traded on both BSE and the National Stock Exchange under the symbol TARC. The company is governed by SEBI’s Listing Obligations and Disclosure Requirements Reg...
TARC Sets September 19 Virtual AGM to Approve Accounts, Auditor Changes and Board Continuity
Aug 27, 2026
TARC Limited has convened its 10th Annual General Meeting for September 19, 2026, to be held via video conferencing and other audio-visual means, where shareholders will review and adopt the audited standalone and consolidated financial statements...
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.