Reported Earnings • May 31
Full year 2026 earnings released: EPS: ₹0.64 (vs ₹7.84 loss in FY 2025) Full year 2026 results: EPS: ₹0.64 (up from ₹7.84 loss in FY 2025). Revenue: ₹6.72b (up ₹6.38b from FY 2025). Net income: ₹190.7m (up ₹2.50b from FY 2025). Profit margin: 2.8% (up from net loss in FY 2025). The move to profitability was driven by higher revenue. Revenue is forecast to grow 97% p.a. on average during the next 2 years, compared to a 22% growth forecast for the Real Estate industry in India. Over the last 3 years on average, earnings per share has fallen by 40% per year but the company’s share price has increased by 35% per year, which means it is well ahead of earnings. Buy Or Sell Opportunity • May 09
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 7.6% to ₹137. The fair value is estimated to be ₹171, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 57% over the last 3 years. Earnings per share has declined by 31%. Buy Or Sell Opportunity • Mar 12
Now 22% undervalued after recent price drop Over the last 90 days, the stock has fallen 10% to ₹131. The fair value is estimated to be ₹168, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 57% over the last 3 years. Earnings per share has declined by 31%. Board Change • Mar 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. 2 highly experienced directors. Additional Independent Non-Executive Director Bindu Acharya was the last director to join the board, commencing their role in 2023. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Feb 09
Third quarter 2026 earnings released: ₹0.71 loss per share (vs ₹0.97 loss in 3Q 2025) Third quarter 2026 results: ₹0.71 loss per share (improved from ₹0.97 loss in 3Q 2025). Revenue: ₹383.8m (up 311% from 3Q 2025). Net loss: ₹210.3m (loss narrowed 27% from 3Q 2025). Revenue is forecast to grow 109% p.a. on average during the next 3 years, compared to a 25% growth forecast for the Real Estate industry in India. Over the last 3 years on average, earnings per share has fallen by 31% per year but the company’s share price has increased by 55% per year, which means it is well ahead of earnings. New Risk • Jan 23
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 6.9% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 27% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (6.9% average weekly change). Reported Earnings • Nov 12
Second quarter 2026 earnings released: ₹0.53 loss per share (vs ₹2.28 loss in 2Q 2025) Second quarter 2026 results: ₹0.53 loss per share (improved from ₹2.28 loss in 2Q 2025). Revenue: ₹341.0m (up ₹297.9m from 2Q 2025). Net loss: ₹157.6m (loss narrowed 77% from 2Q 2025). Revenue is forecast to grow 94% p.a. on average during the next 3 years, compared to a 23% growth forecast for the Real Estate industry in India. Over the last 3 years on average, earnings per share has fallen by 17% per year but the company’s share price has increased by 49% per year, which means it is well ahead of earnings. Announcement • Aug 13
TARC Limited, Annual General Meeting, Sep 25, 2025 TARC Limited, Annual General Meeting, Sep 25, 2025, at 12:00 Indian Standard Time. Reported Earnings • Aug 13
First quarter 2026 earnings released: EPS: ₹1.84 (vs ₹1.04 loss in 1Q 2025) First quarter 2026 results: EPS: ₹1.84 (up from ₹1.04 loss in 1Q 2025). Revenue: ₹2.95b (up ₹2.87b from 1Q 2025). Net income: ₹542.3m (up ₹849.1m from 1Q 2025). Profit margin: 18% (up from net loss in 1Q 2025). The move to profitability was driven by higher revenue. Revenue is forecast to grow 86% p.a. on average during the next 3 years, compared to a 22% growth forecast for the Real Estate industry in India. Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has increased by 63% per year, which means it is well ahead of earnings. Announcement • Aug 09
TARC Limited to Report Q1, 2026 Results on Aug 12, 2025 TARC Limited announced that they will report Q1, 2026 results on Aug 12, 2025 Reported Earnings • May 30
Full year 2025 earnings released: ₹7.84 loss per share (vs ₹2.61 loss in FY 2024) Full year 2025 results: ₹7.84 loss per share (further deteriorated from ₹2.61 loss in FY 2024). Net loss: ₹2.31b (loss widened 200% from FY 2024). Revenue is forecast to grow 79% p.a. on average during the next 2 years, compared to a 21% growth forecast for the Real Estate industry in India. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has increased by 66% per year, which means it is tracking significantly ahead of earnings growth. Announcement • May 22
TARC Limited to Report Q4, 2025 Results on May 29, 2025 TARC Limited announced that they will report Q4, 2025 results on May 29, 2025 Price Target Changed • Apr 09
Price target decreased by 9.1% to ₹300 Down from ₹330, the current price target is provided by 1 analyst. New target price is 108% above last closing price of ₹144. Stock is down 11% over the past year. The company posted a net loss per share of ₹2.61 last year. Announcement • Mar 19
TARC Limited announced that it expects to receive INR 4.09 billion in funding TARC Limited announced that it has issued 40,900 non-convertible debentures at an issue price of INR 100,000 in one or more tranches for an aggregate of INR 4,090,000,000 on March 18, 2025. The transaction is expected to close after Five year from the date of allotment. Recent Insider Transactions • Mar 01
Whole Time Director recently bought ₹6.4m worth of stock On the 25th of February, Muskaan Sarin bought around 50k shares on-market at roughly ₹127 per share. This transaction amounted to 8.8% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger purchase worth ₹25m. Insiders have collectively bought ₹58m more in shares than they have sold in the last 12 months. Recent Insider Transactions • Feb 14
Non-Executive Chairman recently bought ₹7.2m worth of stock On the 10th of February, Anil Sarin bought around 54k shares on-market at roughly ₹134 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was Anil's only on-market trade for the last 12 months. Reported Earnings • Feb 08
Third quarter 2025 earnings released Third quarter 2025 results: Net loss: ₹286.7m (loss narrowed 14% from 3Q 2024). Revenue is forecast to grow 113% p.a. on average during the next 3 years, compared to a 23% growth forecast for the Real Estate industry in India. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has increased by 44% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Jan 29
TARC Limited to Report Q3, 2025 Results on Feb 06, 2025 TARC Limited announced that they will report Q3, 2025 results on Feb 06, 2025 Reported Earnings • Nov 07
Second quarter 2025 earnings released: ₹2.28 loss per share (vs ₹0.04 profit in 2Q 2024) Second quarter 2025 results: ₹2.28 loss per share (down from ₹0.04 profit in 2Q 2024). Net loss: ₹673.5m (down ₹684.3m from profit in 2Q 2024). Revenue is forecast to grow 84% p.a. on average during the next 3 years, compared to a 23% growth forecast for the Real Estate industry in India. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has increased by 64% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Oct 31
TARC Limited to Report Q2, 2025 Results on Nov 06, 2024 TARC Limited announced that they will report Q2, 2025 results on Nov 06, 2024 Announcement • Sep 02
TARC Limited, Annual General Meeting, Sep 27, 2024 TARC Limited, Annual General Meeting, Sep 27, 2024, at 11:00 Indian Standard Time. Reported Earnings • Aug 13
First quarter 2025 earnings released: ₹1.04 loss per share (vs ₹0.24 profit in 1Q 2024) First quarter 2025 results: ₹1.04 loss per share (down from ₹0.24 profit in 1Q 2024). Net loss: ₹306.8m (down ₹377.9m from profit in 1Q 2024). Revenue is forecast to grow 76% p.a. on average during the next 3 years, compared to a 23% growth forecast for the Real Estate industry in India. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has increased by 75% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Aug 05
TARC Limited to Report Q1, 2025 Results on Aug 12, 2024 TARC Limited announced that they will report Q1, 2025 results on Aug 12, 2024 New Risk • Jun 04
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 7.9% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 28% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (7.9% average weekly change). Reported Earnings • May 29
Full year 2024 earnings released: ₹2.61 loss per share (vs ₹0.69 profit in FY 2023) Full year 2024 results: ₹2.61 loss per share (down from ₹0.69 profit in FY 2023). Revenue: ₹1.21b (down 67% from FY 2023). Net loss: ₹770.4m (down 479% from profit in FY 2023). Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has increased by 82% per year, which means it is tracking significantly ahead of earnings growth. Announcement • May 22
TARC Limited to Report Q4, 2024 Results on May 27, 2024 TARC Limited announced that they will report Q4, 2024 results on May 27, 2024 New Risk • Feb 13
New major risk - Revenue and earnings growth Earnings have declined by 31% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. This is currently the only risk that has been identified for the company. Announcement • Feb 04
TARC Limited to Report Q3, 2024 Results on Feb 12, 2024 TARC Limited announced that they will report Q3, 2024 results on Feb 12, 2024 New Risk • Jan 17
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 7.5% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (1.1x net interest cover). Minor Risks Share price has been volatile over the past 3 months (7.5% average weekly change). Large one-off items impacting financial results. Reported Earnings • Nov 11
Second quarter 2024 earnings released: EPS: ₹0.04 (vs ₹0.28 in 2Q 2023) Second quarter 2024 results: EPS: ₹0.04 (down from ₹0.28 in 2Q 2023). Revenue: ₹346.8m (down 17% from 2Q 2023). Net income: ₹10.8m (down 87% from 2Q 2023). Profit margin: 3.1% (down from 20% in 2Q 2023). Announcement • Nov 04
TARC Limited to Report Q2, 2024 Results on Nov 09, 2023 TARC Limited announced that they will report Q2, 2024 results on Nov 09, 2023 Announcement • Sep 03
TARC Limited, Annual General Meeting, Sep 30, 2023 TARC Limited, Annual General Meeting, Sep 30, 2023, at 11:00 Indian Standard Time. Reported Earnings • Aug 12
First quarter 2024 earnings released: EPS: ₹0.24 (vs ₹0.32 in 1Q 2023) First quarter 2024 results: EPS: ₹0.24 (down from ₹0.32 in 1Q 2023). Revenue: ₹645.7m (down 4.9% from 1Q 2023). Net income: ₹71.1m (down 24% from 1Q 2023). Profit margin: 11% (down from 14% in 1Q 2023). The decrease in margin was driven by lower revenue. Announcement • Aug 05
TARC Limited to Report Q1, 2024 Results on Aug 11, 2023 TARC Limited announced that they will report Q1, 2024 results on Aug 11, 2023 Reported Earnings • Jun 02
Full year 2023 earnings released: EPS: ₹0.69 (vs ₹7.89 loss in FY 2022) Full year 2023 results: EPS: ₹0.69 (up from ₹7.89 loss in FY 2022). Revenue: ₹3.75b (up 50% from FY 2022). Net income: ₹203.4m (up ₹2.53b from FY 2022). Profit margin: 5.4% (up from net loss in FY 2022). The move to profitability was primarily driven by higher revenue. Announcement • May 23
TARC Limited to Report Q4, 2023 Results on May 30, 2023 TARC Limited announced that they will report Q4, 2023 results on May 30, 2023 Announcement • Feb 14
TARC Limited Announces Executive Changes The Board of Directors of the TARC Limited at its meeting held on February 13, 2023 considered and approved Resignation letter dated February 13,2023 received fiom Ms. Sushmaa Chhabra an Independent Director resigning from the directorship of the Company with effect from the close of business hours on February 13,2023. Re-constitution of following Board Committees with effect fi'om February 14,2023 as Audit Committee: Mr. Ambarish Chatteriee as Chairman; Mr. Amar Sarin as Member; Ms. Bindu Acharya as Member; Mr. Jyoti Ghosh as Member. Stakeholders Committee; Mr. Ambarish Chatteriee as Chairman; Mr. Anil Sarin as Member, Ms. Bindu Acharya as Member. Nomination & Remuneration Committee; Mr. Arnbarish Chatteriee as Chairman, Mr. Miyar Ramanath as Nayak Member, Mr. Anil Sarin as Member, Ms. Binclu Acharya as Member, Mr. J-v-oti Chosh as Mernber. corporate Social responsible Committee; Mr. Anil Sarin as Chairman, Ms. Ilinclu Aeliarya as Member, Mr. Ambarish Chatteriee as Member. management and Operations Committee; Mr. Amar Sarin as Chairman, Mr. Ambarish Chatteriee as Member,Mrs. Muskaan Sarin as Member. Risk Management Committee; Mr. Amar Sarin as Chairman, Mr. Miyar Rarnanath Nayak as Member, Mr. Ambarish Chatterjee as Member, Ms. Bindu Acharya as Member. Reported Earnings • Feb 14
Third quarter 2023 earnings released: EPS: ₹0.04 (vs ₹0.29 in 3Q 2022) Third quarter 2023 results: EPS: ₹0.04 (down from ₹0.29 in 3Q 2022). Revenue: ₹1.10b (up 106% from 3Q 2022). Net income: ₹13.1m (down 85% from 3Q 2022). Profit margin: 1.2% (down from 16% in 3Q 2022). The decrease in margin was driven by higher expenses. Announcement • Feb 02
TARC Limited to Report Q3, 2023 Results on Feb 13, 2023 TARC Limited announced that they will report Q3, 2023 results on Feb 13, 2023 Announcement • Jan 24
TARC Limited Announces Executive Changes TARC Limited announced key leadership appointments across its Sales, Marketing, Design and Architecture divisions. Anil Gupta is appointed as President Projects, Suneet Singh as Vice President, Marketing and Niloy Roy and Neeraj Garg, as Senior General Manager - Design and Architecture. To bolster its next phase of groMh, TARC has been appointing industry veterans to hold leading position in the Company, taking the total team strength to around 300. With a multi-dimensional experience of 27 years, Anil Gupta is a keen strategist and planner with rich and qualitative experience in Project Management, Planning and execution of Civil work. He has worked with renowned realty companies and during his professional journey, Anil has demonstrated strong leadership, interpersonal, and team-building skills. Suneet Singh brings a cumulative 23 years of marketing and sales leadership experience to support the company's strategic groMh plans. She has a proven track record in driving business strategy, sales, marketing, and process improvements. She has a wide background in leading multiple marketing disciplines including marketing operations, digital marketing, brand building, and demand generation. Her profound experience in the real estate & retail industries at companies has helped her become a maestro in the marketing industry. With almost 30 years of experience, Neeraj Garg has a vast knowledge in the areas of Design and Planning of MEP Services in Residential, Commercial, SEZs, SCOs, Hotels, Service Apartments, Row Houses, Town ship Before his stint at TARC, Neeraj worked with marquee brands in his career. He completed electrical engineering from R. E.C. Kurukshetra. Reported Earnings • Nov 16
Second quarter 2023 earnings released Second quarter 2023 results: EPS: ₹0.28. Revenue: ₹582.1m (down 64% from 2Q 2022). Net income: ₹81.7m (up 54% from 2Q 2022). Profit margin: 14% (up from 3.3% in 2Q 2022). The increase in margin was driven by lower expenses. Recent Insider Transactions • Sep 14
MD, CEO & Director recently bought ₹14m worth of stock On the 9th of September, Amar Sarin bought around 300k shares on-market at roughly ₹45.82 per share. This transaction amounted to 12% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger purchase worth ₹31m. Amar has been a buyer over the last 12 months, purchasing a net total of ₹45m worth in shares. Recent Insider Transactions • Aug 31
MD, CEO & Director recently bought ₹31m worth of stock On the 26th of August, Amar Sarin bought around 751k shares on-market at roughly ₹41.07 per share. This transaction amounted to 44% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was Amar's only on-market trade for the last 12 months. Reported Earnings • Aug 11
First quarter 2023 earnings released: EPS: ₹0.32 (vs ₹0.11 loss in 1Q 2022) First quarter 2023 results: EPS: ₹0.32 (up from ₹0.11 loss in 1Q 2022). Revenue: ₹712.7m (up 172% from 1Q 2022). Net income: ₹93.1m (up ₹125.0m from 1Q 2022). Profit margin: 13% (up from net loss in 1Q 2022). The move to profitability was driven by higher revenue. Reported Earnings • Jun 05
Full year 2022 earnings released: ₹7.89 loss per share (vs ₹0.21 profit in FY 2021) Full year 2022 results: ₹7.89 loss per share (down from ₹0.21 profit in FY 2021). Revenue: ₹2.51b (up 31% from FY 2021). Net loss: ₹2.33b (down ₹2.39b from profit in FY 2021). Reported Earnings • Feb 16
Third quarter 2022 earnings: Revenues and EPS in line with analyst expectations Third quarter 2022 results: EPS: ₹0.29 (down from ₹0.30 in 3Q 2021). Revenue: ₹531.2m (down 20% from 3Q 2021). Net income: ₹85.0m (down 4.5% from 3Q 2021). Profit margin: 16% (up from 13% in 3Q 2021). The increase in margin was driven by lower expenses. Revenue was in line with analyst estimates. Reported Earnings • Aug 18
First quarter 2022 earnings released: ₹0.11 loss per share (vs ₹0.05 profit in 1Q 2021) The company reported a poor first quarter result with weaker earnings, revenues and control over costs. First quarter 2022 results: Revenue: ₹272.8m (down 54% from 1Q 2021). Net loss: ₹31.8m (down 313% from profit in 1Q 2021). Recent Insider Transactions • Mar 30
Chairman & MD recently bought ₹2.5m worth of stock On the 24th of March, Anil Sarin bought around 80k shares on-market at roughly ₹31.37 per share. In the last 3 months, there was an even bigger purchase from another insider worth ₹11m. This was Anil's only on-market trade for the last 12 months. Recent Insider Transactions • Feb 26
MD, CEO & Director recently bought ₹9.2m worth of stock On the 23rd of February, Amar Sarin bought around 267k shares on-market at roughly ₹34.27 per share. This was the largest purchase by an insider in the last 3 months. Amar has been a buyer over the last 12 months, purchasing a net total of ₹10m worth in shares. Executive Departure • Feb 11
Independent Non-Executive Director has left the company On the 10th of February, Brajindar Singh's tenure as Independent Non-Executive Director ended after 11.7 years in the role. We don't have any record of a personal shareholding under Brajindar's name. A total of 4 executives have left over the last 12 months. Executive Departure • Jan 29
Independent Non-Executive Director has left the company On the 21st of January, Maneesh Gupta's tenure as Independent Non-Executive Director ended after 15.6 years in the role. We don't have any record of a personal shareholding under Maneesh's name. Maneesh is the only executive to leave the company over the last 12 months. 