Tarc Limited
Company Analysis
Key Metrics
EPS
-2.61
Current ratio
1.31
Debt/Equity
1.71
Debt/EBITDA
38.32
Interest coverage ratio
0.37
Operating Cashflow to total debt
0.07
Financials
Pros & Cons
Exclusive on TAP Bonds
Here's what we like about this company and potential risks we have identified.
Pros
Extensive experience of the management and established position of the company in NCR real estate market
Improvement in liquidity position
Comfort derived from the st ructure of the issued NCDs
Liquidity Position: Adequate
Cons
Project Completion Risk
Susceptibility to real estate sector cyclicality and regulatory risks
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About Tarc Limited bond.
This comprehensive profile covers key factual information about Tarc Limited. Delhi based TARC Limited is a Public Limited Company incorporated in the year 2016. The Company is engaged in the real estate development business and is primarily pursuing residential projects in the NCR and Delhi region. Pursuant to the Order of the Hon’ble NCLT Chandigarh on 24th August 2020 approving the demerger, the Company emerged as the resulting Company under the name and style of Anant Raj Global Limited, which was subsequently renamed as TARC Limited. TARC’s current Chairman is Mr. Anil Sarin and the day to day operations of the Group are managed Mr. Amar Sarin – Managing Director and CEO. EPS in Mar-2024 was -2.61. Current ratio in Mar-2024 was 1.31. Debt/Equity in Mar-2024 was 1.71. Debt/EBITDA in Mar-2024 was 38.32. Interest coverage ratio in Mar-2024 was 0.37. Operating Cashflow to total debt in Mar-2024 was 0.07. Total revenue for Mar-2025(E) was ₹86.24. Net income for Mar-2025(E) stood at ₹36.95. Total assets as of Mar-2024 were ₹3,463.15. Operating cash flow for Mar-2024 was ₹158.22. The company’s borrowing relationships include Union Bank of India (₹N/A Cr), Union Bank of India (₹N/A Cr), IDBI Bank Limited (₹N/A Cr), The Shamrao Vithal Cooperative Bank (₹N/A Cr), Union Bank of India (₹N/A Cr), IDBI Bank Limited (₹N/A Cr), (₹N/A Cr). Peers and comparison entities consist of Tarc Limited, DLF Limited, Macrotech Developers Limited, Godrej Properties Limited. As of Dec 2024, promoters hold N/A% while others hold N/A% of equity. Key strengths include: Extensive experience of the management and established position of the company in NCR real estate market; Improvement in liquidity position; Comfort derived from the st ructure of the issued NCDs; Liquidity Position: Adequate. Key risks include: Project Completion Risk; Susceptibility to real estate sector cyclicality and regulatory risks. Leadership team details include Mr.Nitin Kumar Goel (Chief Financial Officer), Mr.Amit Narayan (Company Secretary & Compliance Officer), Mr.Anil Sarin (Chairman), Mr.Ambarish Chatterjee (Independent Director), Mr.Jyoti Ghosh (Independent Director), Mr.Miyar Ramanath Nayak (Independent Director), Mrs.Bindu Acharya (Independent Woman Director), Mr.Amar Sarin (Managing Director & CEO), Ms.Muskaan Sarin (Whole Time Director). This detailed corporate overview is structured to provide a thorough understanding of all available data points, enhance search visibility, and support investor analysis.