| ₹ crore | Q1 FY27 | Q1 FY26 | Change |
|---|---|---|---|
| Revenue | 217 | 75.9 | +186.1% |
| EBITDA | 40.2 | −120 | — |
| EBITDA margin | 18.5% | −158.5% | +177.0 pts |
| Profit before tax | 22.0 | 81.5 | −73.0% |
| Net profit | 22.6 | 54.2 | −58.2% |
| EPS | ₹0.77 | ₹1.84 | −58.2% |
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.
| Tap a line for its trend | Currentlast 12M | FY26Mar 2026 | FY25Mar 2025 | FY24Mar 2024 | FY23Mar 2023 | FY22 and earlierAlpha Plus |
|---|
| 3,251 | — | — | — | — | FY22 and earlierEvery year the company has filed comes with Alpha Plus. | |
| 77.3 | 77.3 | 48.3 | 58.8 | 106 | ||
| 0.2 | 0.2 | 0.3 | 0.4 | 0.3 | ||
| 1,889 | 1,889 | 1,950 | 1,388 | 1,381 | ||
| 5,063 | — | — | — | — | ||
| 471 | 330 | 33.7 | 111 | 368 | ||
| — | +879.1% | −69.8% | −69.7% | — | ||
| −104 | −264 | −133 | 46.6 | 159 | ||
| −22.1% | −80.2% | −394.7% | 41.8% | 43.2% | ||
| −114 | −275 | −142 | 40.1 | 152 | ||
| −12.5 | 19.0 | −231 | −77.0 | 20.4 | ||
| −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% | — | ||
| — | 191 | 43.0 | 158 | −81.0 | ||
| — | −31.5 | −37.3 | −41.0 | −6.6 | ||
| 159 | 159 | 5.7 | 117 | −87.6 | ||
From the company's filings with NSE and BSE (Ind-AS), consolidated. For information only, not investment advice.
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 Investments | 105.8 | 58.8 | 48.3 | 77.3 | 77.3 | |
| + Minority Interest | 0.3 | 0.4 | 0.3 | 0.2 | 0.2 | |
| + Total Debt | 1,381.0 | 1,387.6 | 1,949.7 | 1,888.7 | 1,888.7 | |
| Enterprise Value | — | — | — | — | 5,062.9 | |
| Revenue | 368.1 | 111.4 | 33.7 | 329.8 | 471.1 | |
| Growth %, YoY | — | -69.7 | -69.8 | +879.1 | — | |
| EBITDA | 159.0 | 46.6 | -133.0 | -264.4 | -103.9 | |
| Margin % | 43.18 | 41.78 | -394.71 | -80.17 | -22.06 | |
| EBIT | 151.8 | 40.1 | -142.0 | -274.5 | -113.7 | |
| Net Income | 20.4 | -77.0 | -231.3 | 19.0 | -12.5 | |
| Margin % | 5.53 | -69.13 | -686.55 | 5.77 | -2.66 | |
| EPS, Adj (current shares) | 0.69 | -2.61 | -7.78 | 0.65 | -0.42 | |
| Growth %, YoY | — | -478.4 | -198.1 | +108.3 | — | |
| Cash from Operations | -81.0 | 158.2 | 43.0 | 190.7 | — | |
| Capital Expenditures | -6.6 | -41.0 | -37.3 | -31.5 | — | |
| Free Cash Flow | -87.6 | 117.2 | 5.7 | 159.3 | 159.3 | |
Prices at the previous close · figures from the company's filings with NSE
TARC (NSE: TARC) had a market capitalisation of ₹3,251 crore at the previous close (₹110.18 a share) and a price-to-book ratio of 3.06. 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's PE ratio is not meaningful at the previous 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 ₹3,251 crore at ₹110.18 a share.
TARC's price-to-book (PB) ratio is 3.06 at the previous close: a market capitalisation of ₹3,251 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 ₹110.18.
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 ₹3,251 crore at the previous close.
TARC's market capitalisation was ₹3,251 crore at the previous close: 29.51 crore shares at ₹110.18 each.
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.
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.
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.
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.
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.
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%.
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 previous close was ₹110.18.
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'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.
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%.
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%).
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.
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).
From TARC's own consolidated results, balance sheets and shareholding patterns filed with NSE. 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.