TARC LIMITED

BSE: TARC543249ISIN INE0EK901012

Consumer Discretionary
Residential, Commercial Projects
BSE 1000

Share price

₹112.95+1.40 (+1.26%)

as of 4 Nov 2026

Prices adjusted for splits and bonuses; cash dividends excluded. Volume shows actual shares traded.

52W high: ₹186.20
52W low: ₹106.10
Off 52W high: -39.34%
1M return: -7.80%
3M return: -17.10%
6M return: -17.46%
1Y return: -28.58%
20D avg volume: 18,382
50 DMA: ₹122.31
200 DMA: ₹131.80

Key ratios Consolidated

Market cap: ₹3,333 Cr
Current price: ₹112.95
52W high / low: ₹186.20 / ₹106.10
Face value: ₹2.00
P/E: -265.86
P/B: 3.14
EPS (TTM): ₹-0.42
Book value / share: ₹35.99
ROE: —
ROCE: 2.50%
Operating margin: —
Net margin: —
Debt / equity: 1.78
Net debt: ₹1,811 Cr
Interest cover: 1.28
Dividend yield: —
Dividend / share (TTM): —
Payout: —
Cash conversion cycle: 2,573.3 days

Financials

Metric	Q1 FY27	Q4 FY26	Q3 FY26	Q2 FY26	Q1 FY26	Q4 FY25	Q3 FY25	Q2 FY25	Q1 FY25	Q4 FY24	Q3 FY24	Q2 FY24
Income statement
	217.13	208.70	38.38	6.87	75.89	11.82	9.35	4.31	8.21	9.48	9.30	29.72
	1.58	91.32	3.92	27.23	219.47	2.08	1.87	0.71	1.41	0.89	2.49	4.96
	218.71	300.02	42.30	34.10	295.37	13.89	11.22	5.02	9.63	10.37	11.79	34.68
	196.73	317.07	69.87	56.14	213.90	122.61	42.34	80.76	37.23	57.39	40.16	52.79
	87.82	239.60	7.34	5.91	1.03	32.33	2.92	2.79	6.18	9.43	7.70	22.13
	0.00	0.00	0.00	0.00	0.00	0.00	—	—	—	—	—	—
	10.03	10.20	7.59	6.99	5.41	3.60	6.00	3.17	7.84	4.01	3.60	2.98
	17.70	15.21	10.89	11.23	15.28	24.83	19.38	49.44	27.01	41.89	34.89	25.20
	2.10	2.90	2.39	2.40	2.41	2.32	2.44	2.61	1.62	1.91	1.51	1.88
	31.61	40.15	41.66	29.60	189.77	59.52	11.61	22.75	34.73	26.00	26.94	31.23
	21.98	-17.06	-27.57	-22.04	81.47	-108.72	-31.13	-75.74	-27.61	-47.02	-28.37	-18.12
	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	21.98	-17.06	-27.57	-22.04	81.47	-108.72	-31.13	-75.74	-27.61	-47.02	-28.37	-18.12
	0.67	18.67	6.54	6.28	27.25	-4.16	2.44	8.38	3.07	4.71	5.12	19.18
	22.65	1.61	-21.03	-15.77	54.21	-104.56	-28.69	-67.36	-30.68	-51.73	-33.49	1.07
	0.77	0.05	-0.71	-0.53	1.84	-3.54	-0.97	-2.28	-1.04	-1.75	-1.13	0.04
Key metrics
	41.78	1.05	-14.29	-8.41	99.16	-81.57	-9.31	-23.69	1.02	-3.22	8.03	8.96
	19.20%	0.50%	-37.20%	-122.40%	130.70%	-690.10%	-99.60%	-549.70%	12.40%	-34.00%	86.30%	30.10%
	10.40%	0.80%	-54.80%	-229.50%	71.40%	-884.60%	-306.80%	-1,562.90%	-373.70%	-545.70%	-360.10%	3.60%
	—	-0.10%	—	-0.40%	—	-4.00%	—	—	—	—	—	—
	186.10%	1,665.70%	310.50%	59.40%	824.40%	24.70%	0.50%	-85.50%	—	—	—	—
	-58.20%	101.50%	26.70%	76.60%	276.70%	-102.10%	14.30%	-6,395.30%	—	—	—	—

Metric	TTM	FY26	FY25	FY24	FY23	FY22
Income statement
	471.08	329.84	33.69	111.45	368.12	250.56
	124.05	341.94	5.20	9.96	6.54	50.13
	595.13	671.78	38.89	121.41	374.66	300.69
	639.81	656.98	282.08	207.42	333.52	530.01
	340.67	707.22	43.36	64.13	167.81	279.95
	0.00	0.00	0.00	—	—	—
	34.81	30.19	15.61	13.47	10.87	8.01
	55.03	52.61	106.43	136.04	117.17	86.30
	9.79	10.10	8.99	6.49	7.19	8.66
	143.02	301.18	107.69	92.94	146.68	147.08
	-44.69	14.80	-243.19	-86.01	41.15	-229.32
	0.00	0.00	0.00	0.00	0.00	0.00
	-44.69	14.80	-243.19	-86.01	41.15	-229.32
	32.16	-4.23	11.90	8.97	20.77	3.42
	-12.54	19.03	-231.29	-77.05	20.36	-232.76
	-0.42	0.64	-7.84	-2.61	0.69	-7.89
Key metrics
	20.13	77.51	-127.77	56.52	165.51	-134.36
	4.27%	23.50%	-379.30%	50.70%	45.00%	-53.60%
	-2.66%	5.80%	-686.50%	-69.10%	5.50%	-92.90%
	—	2.50%	-6.50%	—	—	—
	364.71%	879.00%	-69.80%	-69.70%	46.90%	—
	—	108.20%	-200.20%	-478.40%	108.70%	—
	—	159.27	5.71	—	—	—
	—	10.02	-0.19	—	—	—
	—	1.78	1.87	—	—	—
	—	1,811	1,901	—	—	—
	—	2,573.3	20,583.5	—	—	—
Balance sheet
	—	4,600	4,216	—	—	—
	—	2,657	2,302	—	—	—
	—	77.35	48.26	—	—	—
	—	6.85	9.88	—	—	—
	—	2,396	1,951	—	—	—
	—	100.16	113.35	—	—	—
	—	409.13	403.25	—	—	—
	—	77.18	61.43	—	—	—
	—	1,941	2,113	—	—	—
	—	1,889	1,950	—	—	—
	—	303.40	900.38	—	—	—
	—	1,585	1,049	—	—	—
	—	1,062	1,043	—	—	—
Cash flow
	—	190.73	42.96	—	—	—
	—	274.56	-67.81	—	—	—
	—	-436.20	14.26	—	—	—
	—	31.46	37.25	—	—	—

Metric	Q1 FY27	Q4 FY26	Q3 FY26	Q2 FY26	Q1 FY26	Q4 FY25	Q3 FY25	Q2 FY25	Q1 FY25	Q4 FY24	Q3 FY24	Q2 FY24
Income statement
	10.59	1.88	32.03	1.78	0.00	3.66	4.35	0.85	4.82	9.87	5.90	21.52
	1.71	4.41	1.56	2.66	1.15	23.06	18.03	26.72	26.48	26.14	29.18	30.09
	12.30	6.28	33.60	4.44	1.15	26.72	22.38	27.57	31.30	36.00	35.08	51.61
	33.69	26.46	39.94	38.02	143.09	96.16	31.08	58.12	23.07	34.57	31.18	41.56
	47.12	79.13	5.15	2.98	0.00	28.99	3.48	0.78	3.83	9.63	5.74	20.47
	0.00	0.00	0.00	0.00	0.00	0.00	—	—	—	—	—	—
	4.09	3.28	4.30	3.22	3.04	2.01	1.96	2.71	2.40	2.85	2.74	2.25
	9.43	9.88	10.68	10.91	12.58	24.19	17.34	47.38	12.28	10.32	11.86	11.02
	0.53	0.67	0.66	0.65	0.63	0.87	0.79	0.80	0.73	0.90	0.83	0.72
	17.22	12.63	19.15	20.26	126.85	40.10	7.51	6.45	3.83	10.87	9.99	7.11
	-21.39	-20.18	-6.35	-33.59	-141.94	-69.44	-8.70	-30.55	8.22	1.43	3.90	10.05
	0.00	0.00	0.00	0.00	0.00	0.00	—	—	—	—	—	—
	-21.39	-20.18	-6.35	-33.59	-141.94	-69.44	-8.70	-30.55	8.22	1.43	3.90	10.05
	3.08	16.89	-7.96	-7.04	-4.51	12.73	2.44	7.49	2.11	0.71	2.91	0.80
	-24.47	-3.29	1.62	-26.54	-137.44	-82.17	-6.26	-23.06	6.11	0.72	0.99	10.85
	-0.83	-0.11	0.05	-0.90	-4.66	-2.78	-0.21	-0.78	0.21	0.02	0.03	0.37
Key metrics
	-11.43	-9.63	4.99	-22.03	-128.73	-44.38	9.43	17.63	21.23	12.65	16.59	21.79
	-107.90%	-512.20%	15.60%	-1,237.60%	—	-1,212.60%	216.80%	2,074.10%	440.50%	128.20%	281.20%	101.30%
	-231.10%	-175.00%	5.10%	-1,491.00%	—	-2,245.10%	-143.90%	-2,712.90%	126.80%	7.30%	16.80%	50.40%
	—	-0.70%	—	-1.50%	—	-3.60%	—	—	—	—	—	—
	—	-48.60%	636.30%	109.40%	-100.00%	-62.90%	-26.30%	-96.10%	—	—	—	—
	82.20%	96.00%	125.90%	-15.10%	-2,349.40%	-11,512.50%	-732.30%	-312.50%	—	—	—	—

Metric	TTM	FY26	FY25	FY24	FY23	FY22
Income statement
	46.28	35.69	13.68	60.39	196.51	436.50
	10.34	9.78	94.28	116.79	122.91	25.35
	56.62	45.47	107.96	177.18	319.43	461.85
	138.11	247.52	208.43	160.32	307.59	593.44
	134.38	236.45	37.08	58.77	162.09	475.46
	0.00	0.00	0.00	—	—	—
	14.89	13.84	9.08	10.03	8.46	5.90
	40.90	44.05	101.19	57.81	116.51	52.35
	2.51	2.61	3.18	2.92	1.57	1.75
	69.26	178.90	57.89	30.79	18.96	57.99
	-81.51	-202.05	-100.47	16.86	11.84	-131.59
	0.00	0.00	0.00	—	—	—
	-81.51	-202.05	-100.47	16.86	11.84	-131.59
	4.97	-36.40	4.91	3.21	2.53	14.96
	-52.68	-165.65	-105.38	13.65	14.37	-146.55
	-1.79	-5.61	-3.57	0.46	0.49	-4.97
Key metrics
	-38.10	-155.39	3.90	77.59	129.92	-77.49
	-82.32%	-435.40%	28.50%	128.50%	66.10%	-17.80%
	-113.83%	-464.10%	-770.30%	22.60%	7.30%	-33.60%
	—	-10.50%	0.10%	—	—	—
	422.35%	160.90%	-77.30%	-69.30%	-55.00%	—
	—	-57.20%	-872.00%	-5.00%	109.80%	—
	—	422.03	256.43	—	—	—
	—	-2.55	-2.45	—	—	—
	—	0.73	0.93	—	—	—
	—	770.79	1,150	—	—	—
	—	9,935.3	25,012.1	—	—	—
Balance sheet
	—	2,636	2,815	—	—	—
	—	1,698	1,791	—	—	—
	—	31.78	25.30	—	—	—
	—	90.28	282.55	—	—	—
	—	904.90	676.57	—	—	—
	—	31.99	31.79	—	—	—
	—	3.45	4.61	—	—	—
	—	23.70	21.68	—	—	—
	—	1,126	1,547	—	—	—
	—	802.57	1,176	—	—	—
	—	391.93	1,173	—	—	—
	—	410.64	2.55	—	—	—
	—	1,095	1,261	—	—	—
Cash flow
	—	423.19	258.34	—	—	—
	—	125.90	779.45	—	—	—
	—	-542.62	-1,020	—	—	—
	—	1.16	1.91	—	—	—

Compounded growth

Standalone

Sales CAGR 3Y: -43.37%
Sales CAGR 5Y: —
Profit CAGR 3Y: —
Profit CAGR 5Y: —
Sales YoY (TTM): +422.35%
Profit YoY (TTM): +78.84%

Consolidated

Sales CAGR 3Y: -3.59%
Sales CAGR 5Y: —
Profit CAGR 3Y: -2.23%
Profit CAGR 5Y: —
Sales YoY (TTM): +364.71%
Profit YoY (TTM): +91.43%

Compounded from reported annual figures. We publish no share-price CAGR: our prices are as-traded, so one would be wrong across every split and bonus issue.

Shareholding as of 30 Sep 2026

Promoter holding: 65.12%

Quarter	September 2026	June 2026
Promoter %	65.12%	65.12%

Holder	Type	Holding	Previous	Change
ANIL SARIN	Promoter	33.48%	33.48%	0.00%
AMAR SARIN	Promoter	31.43%	31.43%	0.00%
BANDHAN SMALL CAP FUND	Public	5.76%	5.25%	+0.51%
VIJAYKUMAR CHHOTABHAI KALIDAS PATEL	Public	1.38%	1.38%	0.00%
MUSKAAN SARIN	Promoter Group	0.21%	0.21%	0.00%
SALONI MUNJAL	Promoter Group	0.00%	0.00%	0.00%
SUNAINI GUPTA	Promoter Group	0.00%	0.00%	0.00%
ANIL SARIN (HUF)	Promoter Group	0.00%	0.00%	0.00%
RAJ KUMARI (HUF)	Promoter Group	0.00%	0.00%	0.00%
SHARDA SARIN	Promoter	0.00%	0.00%	0.00%

Public shareholders are disclosed individually only above 1%.

Peer comparison

Company	Mkt cap (₹ Cr)	Price (₹)	P/E	ROCE	Sales YoY	Profit YoY	1Y return
DLF LIMITED	1,78,037	719.25	38.98	6.40%	-29.29% TTM	+6.62% TTM	-7.08%
Lodha Developers Limited	1,11,937	1,120.00	25.72	18.00%	+20.85% TTM	+30.60% TTM	-8.38%
The Phoenix Mills Ltd.	74,091	2,071.45	44.28	11.80%	+12.86% TTM	+19.04% TTM	+17.13%
Prestige Estates Projects Limited	67,971	1,578.05	53.72	13.00%	+67.46% TTM	+103.62% TTM	-9.58%
OBEROI REALTY LIMITED	61,938	1,703.45	23.54	16.70%	+16.64% TTM	+17.82% TTM	-4.40%
Godrej Properties Limited	52,394	1,739.35	39.27	12.00%	+49.99% TTM	-13.26% TTM	-24.13%
Brigade Enterprises Limited	17,657	541.20	21.22	9.90%	-4.37% TTM	+2.36% TTM	-29.23%
Anant Raj Limited	16,572	460.50	27.68	10.40%	+12.31% TTM	+21.36% TTM	-28.62%
Horizon Industrial Parks Limited	12,843	44.55	—	—	—	—	—
Sobha Limited	12,687	1,186.45	66.41	7.60%	+9.57% TTM	+28.50% TTM	-26.67%
ADITYA BIRLA REAL ESTATE LIMITED	11,861	1,061.90	16.98	-4.80%	-26.16% TTM	+413.97% TTM	-42.89%
Sri Lotus Developers and Realty Limited	11,331	231.85	37.10	16.70%	—	—	+30.55%
SIGNATUREGLOBAL (INDIA) LIMITED	9,954	707.50	9.54	36.30%	-22.98% TTM	+709.93% TTM	-34.25%
Max Estates Limited	8,424	515.00	695.54	1.20%	+16.57% TTM	-69.99% TTM	+7.89%
EMBASSY DEVELOPMENTS LIMITED	7,222	51.93	-6.80	-2.20%	-54.57% TTM	-514.70% TTM	-43.97%
Mahindra Lifespace Developers Ltd.	6,723	315.00	22.34	-0.90%	+839.32% TTM	+85.98% TTM	-22.90%
GANESH HOUSING LIMITED	5,278	632.95	23.57	17.80%	-29.50% TTM	-57.50% TTM	-24.55%
Kalpataru Limited	4,947	240.25	182.43	2.40%	—	—	-36.32%
Puravankara Limited	4,775	201.35	17.22	35.70%	+119.51% TTM	+194.89% TTM	-24.56%
VALOR ESTATE LIMITED	4,664	85.98	389.58	4.40%	-54.40% TTM	+113.15% TTM	-41.85%
Keystone Realtors Limited	4,546	359.90	34.71	5.30%	—	—	-35.90%
MAN INFRACONSTRUCTION LIMITED	4,331	107.30	19.63	11.80%	-9.75% TTM	-26.33% TTM	-25.90%
Sunteck Realty Ltd	4,306	293.25	19.69	6.70%	+47.87% TTM	+24.77% TTM	-36.07%
Kolte-Patil Developers Ltd	4,167	469.90	29.28	-0.80%	+37.11% TTM	+120.28% TTM	+8.63%
KESAR INDIA LIMITED	3,920	1,205.00	—	16.60%	—	—	+41.76%
TARC LIMITED	3,333	112.95	-265.86	2.50%	+364.71% TTM	+91.43% TTM	-28.58%

Some figures use IPO-document inputs. Growth periods are shown per value; FY means annual.

Filings & corporate actions

Recent announcements

The Board Meeting to be held on 05/11/2026 has been revised to 12/11/2026 The Board Meeting to be held on 05/11/2026 has been revised to 12/11/20264 Nov 2026 · Company Update / Board Meeting Rescheduled
Tarc Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 05/11/2026 ,inter alia, to consider and approve the un-audited Financial Results (Standalone ....30 Oct 2026 · Board Meeting / Board Meeting
Certificate under Regulation 74(5) of SEBI (DP) Regulations, 2018 for the quarter ended September 30, 20269 Oct 2026 · Company Update / Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
Intimation of closure of trading window under SEBI (PIT) Regulations, 201530 Sep 2026 · Insider Trading / SAST / Closure of Trading Window
Details of Voting Results along with Scrutinizer''s Report of 10th AGM19 Sep 2026 · AGM/EGM / AGM
Proceedings of 10th Annual General Meeting held on September 19, 202619 Sep 2026 · AGM/EGM / AGM
Intimation under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) 201511 Sep 2026 · Company Update / General
Intimation of receipt of In-Principle approval from BSE Limited in respect of amendment of the redemption schedule of the Debenture Trust Deed.8 Sep 2026 · Company Update / General
Letters to Shareholders providing weblink to access the Annual Report and Notices of AGM29 Aug 2026 · Company Update / General
Newspaper Publication29 Aug 2026 · Company Update / Newspaper Publication
Annual Report alongwith Notice of AGM28 Aug 2026 · Others / Reg. 34 (1) Annual Report
Notice of 10th Annual General Meeting of TARC Limited27 Aug 2026 · AGM/EGM / AGM
Business Responsibility and Sustainability Report for the Financial Year 2025-2627 Aug 2026 · Others / Business Responsibility and Sustainability Reporting (BRSR)
Newspaper Publication24 Aug 2026 · Company Update / Newspaper Publication
Newspaper Publication13 Aug 2026 · Company Update / Newspaper Publication
Intimation under Regulation 30 of the SEBI (LODR) Regulations, 2015 regarding resignation of Statutory Auditor of material subsidiary13 Aug 2026 · Company Update / General
Investor Presentation11 Aug 2026 · Company Update / Investor Presentation
Press Release11 Aug 2026 · Company Update / Press Release / Media Release
AGM Intimation11 Aug 2026 · AGM/EGM / AGM
Acquisition11 Aug 2026 · Company Update / Acquisition
Change in Director11 Aug 2026 · Company Update / Change in Directorate
Appointment of Statutory Auditor11 Aug 2026 · Company Update / Appointment of Statutory Auditor/s
Financial Results11 Aug 2026 · Result / Financial Results
Outcome of Board Meeting11 Aug 2026 · Board Meeting / Outcome of Board Meeting
Tarc Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 11/08/2026 ,inter alia, to consider and approve a. the un-audited Financial Results (Standalone ....5 Aug 2026 · Board Meeting / Board Meeting
Company clarification on Movement in Volume23 Jul 2026 · Company Update / General
The Exchange has sought clarification from Tarc Ltd on July 23, 2026, with reference to Movement in Volume.<BR><BR>The reply is awaited.23 Jul 2026 · Company Update / Clarification
Certificate under Regulation 74(5) of SEBI (Depository and Participants) Regulations, 201814 Jul 2026 · Company Update / Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
Intimation under Regulation 30 of SEBI (LODR) Regulations, 20159 Jul 2026 · Company Update / Change in Management
Press Release7 Jul 2026 · Company Update / Press Release / Media Release
Intimation of closure of trading window under SEBI (PIT) Regulations, 201525 Jun 2026 · Insider Trading / SAST / Closure of Trading Window
Newspaper Publication31 May 2026 · Company Update / Newspaper Publication
Annual Secretarial Compliance Report for the financial year ended March 31, 202630 May 2026 · Company Update / Reg.24(A)-Annual Secretarial Compliance
Investor Presentation29 May 2026 · Company Update / Investor Presentation
Press Release29 May 2026 · Company Update / Press Release / Media Release
Re-appointment of Internal Auditor and Cost Auditor29 May 2026 · Company Update / General
Financial Results29 May 2026 · Result / Financial Results
Outcome of Board Meeting29 May 2026 · Board Meeting / Outcome of Board Meeting
Tarc Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 29/05/2026 ,inter alia, to consider and approve the Audited Financial Results (Standalone ....23 May 2026 · Board Meeting / Board Meeting
Credit Rating12 May 2026 · Company Update / Credit Rating

Board meetings

5 Nov 2026 Board Meeting - Financial Results
11 Aug 2026 Board Meeting - Financial Results