āagmanLoginNot investment advice. Data and computed figures, for information only.
TARC Ltd
₹123.69
−₹3.97 (−3.11%)
NSE · 15 Oct 2026, close
Market Cap
₹3,466 Cr
CMP
₹123.69
52-wk High / Low
₹186 / 109
P/B
3.3
Book Value
₹36.0
Div Yield
0.00%
ROCE
6.0%
ROE
8.6%
Face Value
₹2
D/E
1.78
Price−18.2% over 1Y
āagman read
Computed by āagmanPiotroski F-Score
8
/ 9
8 of 9 F-score tests passed
Graham Number
₹23
√(22.5 × EPS × book value per share)
ROIC
−5.7%
vs 4.1% sector median
Cash flow to profit
10.05
CFO / PAT
Above 1.0 = operating cash flow exceeded reported profit
Margin change
+17,633
bps OPM YoY
Operating margin vs the same quarter last year
ROE stability
9.8
pp σ
Standard deviation of ROE across periods. Lower = more stable
Holder deltas
QoQ
pp
Prom +0.00FII +0.07DII +0.04
Latest quarter vs the previous one
Cash-accrual divergence
−3.9%
of assets
Low = accruals track cash flow
Strengths
+Promoter holding rose by 0.2pp over the last year
+Piotroski F-Score of 8/9 is in the strong band (≥7)
Watch-outs
−Latest ROCE of 6% trails the sector median of 7%
−Price trades below its 200-day moving average (0.9x)
−Price is 33.6% below its 52-week high
Peer comparison
| Name | P/E | Mar Cap ₹ Cr | ROCE % | ROE % |
|---|
Quarterly results
| Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 63 | 30 | 9 | 9 | 8 | 4 | 9 | 12 | 76 | 7 | 38 | 209 | 217 |
| Expenses | 22 | 39 | 4 | 14 | 23 | 29 | 21 | 95 | 196 | 43 | 57 | 299 | 177 |
| Operating Profit | 41 | −9 | 6 | −4 | −15 | −24 | −11 | −84 | −120 | −36 | −18 | −90 | 40 |
| OPM % | 65.1% | −30.0% | 66.7% | −44.4% | −187.5% | −600.0% | −122.2% | −700.0% | −157.9% | −514.3% | −47.4% | −43.1% | 18.4% |
| Other Income | 2 | 5 | 2 | 1 | 1 | 1 | 2 | 2 | 219 | 27 | 4 | 91 | 2 |
| Interest | 34 | 12 | 35 | 42 | 13 | 49 | 19 | 25 | 15 | 11 | 11 | 15 | 18 |
| Depreciation | 1 | 2 | 2 | 2 | 2 | 3 | 2 | 2 | 2 | 2 | 2 | 3 | 2 |
| Profit before tax | 7 | −18 | −28 | −47 | −28 | −76 | −31 | −109 | 81 | −22 | −28 | −17 | 22 |
| Net Profit | 7 | 1 | −33 | −52 | −31 | −67 | −29 | −105 | 54 | −16 | −21 | 2 | 23 |
| EPS (₹) | 0.24 | 0.04 | −1.13 | −1.75 | −1.04 | −2.28 | −0.97 | −3.54 | 1.84 | −0.53 | −0.71 | 0.05 | 0.77 |
Profit & Loss
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|
| Sales | 137 | 191 | 251 | 369 | 111 | 34 | 330 | 471 |
| Expenses | 112 | 191 | 435 | 205 | 133 | 167 | 488 | 575 |
| Operating Profit | 25 | 0 | −184 | 164 | −22 | −133 | −159 | −104 |
| OPM % | 18.2% | 0.0% | −73.3% | 44.4% | −19.8% | −391.2% | −48.2% | −22.1% |
| Other Income | 72 | 30 | 50 | 2 | 4 | 5 | 238 | 124 |
| Interest | 25 | 21 | 86 | 117 | 62 | 106 | 54 | 55 |
| Depreciation | 8 | 8 | 9 | 7 | 6 | 9 | 10 | 10 |
| Profit before tax | 65 | 1 | −229 | 41 | −86 | −243 | 15 | −45 |
| Net Profit | 53 | 6 | −233 | 20 | −77 | −231 | 19 | −13 |
| EPS (₹) | — | 0.21 | −7.89 | 0.69 | −2.61 | −7.84 | 0.65 | −0.42 |
Balance Sheet
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|
| Equity Capital | 59 | 59 | 59 | 59 | 59 | 59 | 59 | — |
| Reserves | 1,499 | 1,505 | 1,273 | 1,293 | 1,216 | 984 | 1,003 | — |
| Borrowings | 1,298 | 1,321 | 1,179 | 1,386 | 1,393 | 1,956 | 1,895 | — |
| Other Liabilities | 471 | 521 | 468 | 428 | 796 | 1,215 | 1,640 | — |
| Total Liabilities | 3,327 | 3,407 | 2,979 | 3,166 | 3,463 | 4,214 | 4,597 | — |
| Fixed Assets | 1,564 | 1,662 | 1,053 | 1,066 | 1,107 | 1,215 | 1,320 | — |
| CWIP | 73 | 0 | 0 | 0 | 0 | 0 | 0 | — |
| Investments | 138 | 138 | 68 | 68 | 68 | 68 | 0 | — |
| Other Assets | 1,552 | 1,607 | 1,858 | 2,032 | 2,289 | 2,931 | 3,277 | — |
| Total Assets | 3,327 | 3,407 | 2,979 | 3,166 | 3,463 | 4,214 | 4,597 | — |
Cash Flows
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | 116 | 144 | −81 | −81 | 158 | 42 | 191 |
| Cash from Investing Activity | 17 | 23 | 367 | 75 | −39 | −68 | 275 |
| Cash from Financing Activity | −143 | −161 | −279 | 96 | −166 | 15 | −436 |
| Net Cash Flow | −9 | 6 | 7 | 89 | −47 | −11 | 29 |
Ratios
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| ROCE % | — | 1.0 | −5.0 | 6.0 | −1.0 | −5.0 | 6.0 |
| ROE % | — | — | — | — | — | — | 8.6 |
| EPS (₹) | — | 0.21 | −7.89 | 0.69 | −2.61 | −7.84 | 0.65 |
| Book Value (₹) | — | — | — | — | — | — | 36.0 |
| Face Value (₹) | — | — | — | — | — | — | 2 |
| P/E | — | — | — | — | — | — | — |
| Div Yield % | — | — | — | — | — | — | 0.00 |
| NPM % | 25.4 | 2.7 | −77.4 | 5.4 | −67.0 | −592.3 | 3.3 |
| OPM % | 19.0 | −0.1 | −74.0 | 44.0 | −20.0 | −395.0 | −48.0 |
| D/E | 0.83 | 0.84 | 0.89 | 1.03 | 1.09 | 1.88 | 1.78 |
| P/B | — | — | — | — | — | — | 3.3 |
Growth
Compounded sales growth
5 years+12.0%
3 years−4.0%
TTM+365.0%
Compounded profit growth
5 years+71.0%
3 years+60.0%
TTM+91.0%
Stock price CAGR
5 years+21.0%
3 years+8.0%
Last year−22.0%
Return on equity
5 years−7.0%
3 years−6.0%
Last year9.0%
Documents
Announcements
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018Closure of Trading WindowShareholder Meeting / Postal Ballot-Scrutinizer''s ReportShareholder Meeting / Postal Ballot-Outcome of AGMIntimation Under Regulation 30 Of The SEBI (Listing Obligations And Disclosure Regulations) 2015Corporate actions
Fundamentals from a third-party compiler of exchange filings; prices from the exchanges. Not investment advice.© 2026 āagman