TARC financials

Latest results Q1 FY27 · Apr–Jun 2026
Revenue
₹217cr+186.1% on Q1 FY26
Net profit
₹22.6cr−58.2% on Q1 FY26
EBITDA margin
18.5%+177.0 pts on Q1 FY26
EPS
₹0.77−58.2% on Q1 FY26

Quarterly results

Every quarter ›
₹ croreQ1 FY27Q1 FY26Change
Revenue21775.9+186.1%
EBITDA40.2−120—
EBITDA margin18.5%−158.5%+177.0 pts
Profit before tax22.081.5−73.0%
Net profit22.654.2−58.2%
EPS₹0.77₹1.84−58.2%

Over time

Q1 FY27 · Apr–Jun 2026latest
Revenue₹217 crNet profit₹22.6 crNet margin10.4%

Amounts on the left scale in ₹ crore; per cent on the right, dashed. L = lakh crore, K = thousand crore. Touch the chart to read any period.

Key numbersby financial year

₹ crore except per share
Tap a line for its trendCurrentlast 12MFY26Mar 2026FY25Mar 2025FY24Mar 2024FY23Mar 2023FY22 and earlierAlpha Plus
3,251————
FY22 and earlierEvery year the company has filed comes with Alpha Plus.
77.377.348.358.8106
0.20.20.30.40.3
1,8891,8891,9501,3881,381
5,063————
47133033.7111368
—+879.1%−69.8%−69.7%—
−104−264−13346.6159
−22.1%−80.2%−394.7%41.8%43.2%
−114−275−14240.1152
−12.519.0−231−77.020.4
−2.7%5.8%−686.6%−69.1%5.5%
−₹0.42₹0.65−₹7.78−₹2.61₹0.69
—+108.3%−198.1%−478.4%—
—19143.0158−81.0
—−31.5−37.3−41.0−6.6
1591595.7117−87.6
Open the chart

From the company's filings with NSE and BSE (Ind-AS), consolidated. For information only, not investment advice.

TARC₹110.18

TARC Ltd.

· Real Estate
₹ CrorePeersDLFANANTRAJSUNTECKPURVALOTUSDEVEMBDLDBREALTYSOBHAMcap ₹3,251 Cr
HighlightsEnterprise ValueMultiplesPer ShareAnnuals · FY-end closes
In ₹ Crore except Per Share
12 Months Ending
FY23
31/03/2023
FY24
31/03/2024
FY25
31/03/2025
FY26
31/03/2026
Current/LTM
TTM · last close
Market Capitalization————3,251.4
- Cash, Equiv & ST Investments105.858.848.377.377.3
+ Minority Interest0.30.40.30.20.2
+ Total Debt1,381.01,387.61,949.71,888.71,888.7
Enterprise Value————5,062.9
Revenue368.1111.433.7329.8471.1
Growth %, YoY—-69.7-69.8+879.1—
EBITDA159.046.6-133.0-264.4-103.9
Margin %43.1841.78-394.71-80.17-22.06
EBIT151.840.1-142.0-274.5-113.7
Net Income20.4-77.0-231.319.0-12.5
Margin %5.53-69.13-686.555.77-2.66
EPS, Adj (current shares)0.69-2.61-7.780.65-0.42
Growth %, YoY—-478.4-198.1+108.3—
Cash from Operations-81.0158.243.0190.7—
Capital Expenditures-6.6-41.0-37.3-31.5—
Free Cash Flow-87.6117.25.7159.3159.3
Market Cap/EV/multiples pair each (split/bonus-adjusted) FY-end close with the latest filed share count; Current column uses the last close. Market Capitalization is a market-level figure — identical across Consolidated/Standalone (the accounting rows below differ). No consensus estimates → no Est columns. Click any row to chart it.
« ‹ › »Latest: FY26 · ConsolidatedFA Financial Analysis · alphave
Data & compliance. Descriptive financial information from official NSE/BSE filings — for information and education only, not investment advice, a recommendation, or a valuation. Standalone = parent entity; consolidated includes subsidiaries. Historical multiples pair each fiscal year's filed figures with that FY-end market close; the Current column uses the last close with the latest filed annuals. Figures are cross-verified via accounting identities and NSE×BSE agreement — XBRL cross-verified ✓ 95%.

TARC financials and key ratios

Prices at the 29 October 2026 close · figures from the company's filings with NSE

TARC (NSE: TARC) had a market capitalisation of ₹3,238 crore at the 29 October 2026 close (₹109.73 a share) and a price-to-book ratio of 3.05. In FY26 its consolidated net profit was ₹19.1 crore on revenue of ₹330 crore; in Q1 FY27 (April–June 2026) it was ₹22.7 crore, down 58.2% year on year. Its debt-to-equity ratio was 1.78 on 31 March 2026. Promoters held 65.12% of the shares on 30 September 2026.

TARC Q1 FY27 results
filed 11 August 2026
Share price used
₹109.73 · 29 October 2026 close
Latest balance sheet
31 March 2026
Shareholding pattern
30 September 2026

TARC at a glance · consolidated

Market cap
₹3,238 Crat ₹109.73 · 29 Oct close
PE ratio
n/aloss over the last 4 quarters
Price to book (PB)
3.05book value ₹35.99 a share
ROE (FY26)
1.8%+21.6 pts vs FY25ROCE −11.5%
Debt to equity
1.78net debt ₹1,808 Cr
Promoter holding
65.12%unchanged vs 30 Jun 202630 September 2026
Net worth
₹1,062 Cr+1.8% vs 31 Mar 202531 March 2026
Free cash flow (FY26)
₹159 Cr
EPS (FY26)
₹0.64

Questions

What is the TARC PE ratio today?

TARC's PE ratio is not meaningful at the 29 October 2026 close: its consolidated net profit over the last four quarters (Q2 FY26 to Q1 FY27) was a loss of ₹12.5 crore, and a price-to-earnings ratio needs positive earnings. Its market capitalisation was ₹3,238 crore at ₹109.73 a share.

What is the TARC PB ratio (price to book value)?

TARC's price-to-book (PB) ratio is 3.05 at the 29 October 2026 close: a market capitalisation of ₹3,238 crore divided by shareholders' equity (book value) of ₹1,062 crore on 31 March 2026. That is a book value of ₹35.99 per share against a share price of ₹109.73.

What is the TARC net worth?

TARC's net worth — shareholders' equity in its consolidated balance sheet — was ₹1,062 crore on 31 March 2026, up 1.8% from ₹1,043 crore a year earlier. Its market value is a different figure: a market capitalisation of ₹3,238 crore at the 29 October 2026 close.

What is the TARC market cap?

TARC's market capitalisation was ₹3,238 crore at the 29 October 2026 close: 29.51 crore shares at ₹109.73 each.

Is TARC debt free?

No. TARC had borrowings of ₹1,889 crore on 31 March 2026 (consolidated balance sheet), a debt-to-equity ratio of 1.78. Its cash and current investments were ₹81.1 crore, so its net debt was ₹1,808 crore.

What is the TARC EPS?

TARC's basic earnings per share (EPS) were ₹0.64 in FY26. Over the last four quarters (Q2 FY26 to Q1 FY27) they add up to −₹0.42.

What is the TARC debt to equity ratio?

TARC's debt-to-equity ratio was 1.78 on 31 March 2026: borrowings of ₹1,889 crore against total equity of ₹1,062 crore. A year earlier, on 31 March 2025, it was 1.87.

What is the TARC promoter holding?

Promoters held 65.12% of TARC on 30 September 2026, unchanged from both the previous quarter and a year earlier, according to the shareholding pattern filed with NSE.

What is the TARC free cash flow?

In FY26, TARC generated ₹191 crore of cash from operations and spent ₹31.5 crore on capital expenditure (property, plant, equipment and intangibles), leaving free cash flow of ₹159 crore. In FY25 it was ₹5.7 crore.

What is the TARC ROE and ROCE?

In FY26, TARC's return on equity (ROE) was 1.8% and its return on capital employed (ROCE) was −11.5%. ROE is net profit divided by average shareholders' equity (the start and end of the year); ROCE is operating profit (EBIT) divided by average capital employed (total assets less current liabilities). In FY25, ROE was −19.8% and ROCE −6.6%.

What is the TARC shareholding pattern?

On 30 September 2026, TARC's shares were held by promoters 65.12%, foreign portfolio investors (FII/FPI) 1.10%, domestic institutions (DII) 5.93% (including mutual funds at 5.91%) and retail and other non-institutional investors 27.86%. Over the year, FII holding was down 0.89 percentage points from 1.99% and DII holding was up 0.12 percentage points from 5.81%.

TARC vs DLF: how do they compare?

In FY26, TARC earned net profit of ₹19.1 crore on revenue of ₹330 crore, against ₹4,415 crore on ₹8,194 crore for DLF. TARC's operating margin was −83.2% (DLF 15.9%) and its return on equity 1.8% (DLF 10.0%). At the 29 October 2026 close, TARC's market capitalisation was ₹3,238 crore against ₹1,71,179 crore for DLF, and its PE ratio on FY26 profit 169.8 against 38.8.

What is the TARC book value per share?

TARC's book value per share was ₹35.99 on 31 March 2026: shareholders' equity of ₹1,062 crore divided by the 29.51 crore shares in issue, up 1.8% from ₹35.34 a year earlier. The share price at the 29 October 2026 close was ₹109.73.

What are the TARC latest quarterly results?

TARC's latest results are for Q1 FY27 (April–June 2026), filed on 11 August 2026: consolidated net profit ₹22.7 crore, down 58.2% from ₹54.2 crore in Q1 FY26; revenue from operations ₹217 crore, up 186.1% year on year.

What is the TARC revenue and profit in FY26?

In FY26 (April 2025–March 2026), TARC's consolidated net profit was ₹19.1 crore, against a loss of ₹230 crore in FY25, on revenue from operations of ₹330 crore (up 879.1%). Over three years, from FY23, net profit was down 6.3%.

When are the TARC next results?

TARC has not yet announced the date of its Q2 FY27 results (July–September 2026); under SEBI's listing rules (Regulation 33) they are due by 14 November 2026.

How does TARC compare with its peers?

On FY26 consolidated figures, against DLF, Anant Raj and Sunteck Realty: TARC's operating margin of −83.2% is the lowest of the four (DLF 15.9%, Anant Raj 24.2%, Sunteck Realty 25.8%; peer average 22.0%); its return on equity of 1.8% is the lowest of the four (DLF 10.0%, Anant Raj 11.2%, Sunteck Realty 6.0%; peer average 9.0%); its revenue growth over three years of −3.6% a year is the lowest of the four (DLF 12.9% a year, Anant Raj 37.9% a year, Sunteck Realty 45.8% a year; peer average 32.2% a year).

How does the TARC PE ratio compare with its peers?

At the 29 October 2026 closing prices, on FY26 net profit, TARC's PE ratio is 169.8, the highest of the four: DLF 38.8, Anant Raj 29.0 and Sunteck Realty 20.1, a peer average of 29.3. Each is the company's market capitalisation at that price divided by its FY26 net profit.

Where do these TARC figures come from?

From TARC's own consolidated results, balance sheets and shareholding patterns filed with NSE, and NSE prices (the latest used here: the 29 October 2026 close). Ratios are calculated by Alphave from those filings as each answer describes.

Consolidated figures from the company's filings with NSE; prices are NSE closing prices.