TARC Limited
TARC Limited engages in the real estate activities and construction business in India. It constructs and develops residential, commercial, township projects; SEZ; IT park; and malls. The company also owns and leases real estate properties; and sells real estate units, such as land, plots, apartments, and commercial units; as well as holds land banks. The company was formerly known as Anant Raj Gl… Read more
TARC Limited (TARC) - Net Assets
Latest net assets as of September 2025: ₹10.82 Billion INR
Based on the latest financial reports, TARC Limited (TARC) has net assets worth ₹10.82 Billion INR as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (₹45.48 Billion) and total liabilities (₹34.67 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ₹10.82 Billion |
| % of Total Assets | 23.78% |
| Annual Growth Rate | 54.36% |
| 5-Year Change | -33.32% |
| 10-Year Change | 9797.17% |
| Growth Volatility | 3073.35 |
TARC Limited - Net Assets Trend (2013–2025)
This chart illustrates how TARC Limited's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for TARC Limited (2013–2025)
The table below shows the annual net assets of TARC Limited from 2013 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-03-31 | ₹10.43 Billion | -18.17% |
| 2024-03-31 | ₹12.75 Billion | -5.70% |
| 2023-03-31 | ₹13.52 Billion | +1.50% |
| 2022-03-31 | ₹13.32 Billion | -14.86% |
| 2021-03-31 | ₹15.65 Billion | +0.43% |
| 2020-03-31 | ₹15.58 Billion | +10253.70% |
| 2017-03-31 | ₹150.47 Million | +21.17% |
| 2016-03-31 | ₹124.18 Million | +10.57% |
| 2015-03-31 | ₹112.30 Million | +6.54% |
| 2014-03-31 | ₹105.41 Million | +84.91% |
| 2013-03-31 | ₹57.01 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to TARC Limited's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 170869.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (March 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₹9.57 Billion | 91.73% |
| Common Stock | ₹590.19 Million | 5.66% |
| Other Comprehensive Income | ₹271.94 Million | 2.61% |
| Other Components | ₹1.00K | 0.00% |
| Total Equity | ₹10.43 Billion | 100.00% |
TARC Limited Competitors by Market Cap
The table below lists competitors of TARC Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Planet Technology
TWO:6263
|
$141.37 Million |
|
Shenzhen RoadRover Technology Co Ltd
SHE:002813
|
$141.47 Million |
|
C C Land Holdings Limited
PINK:CCLHF
|
$141.49 Million |
|
DS DANSUK CO., LTD.
KO:017860
|
$141.51 Million |
|
VOXEL SA ZY 1
F:0NX
|
$141.22 Million |
|
Dhani Services Limited
NSE:DHANI
|
$141.20 Million |
|
Ina Invest Holding AG
SW:INA
|
$141.20 Million |
|
TKCCF
PINK:TKCCF
|
$141.16 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in TARC Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 12,745,729,000 to 10,429,560,000, a change of -2,316,169,000 (-18.2%).
- Net loss of 2,312,167,000 reduced equity.
- Dividend payments of 15,763,000 reduced retained earnings.
- Share repurchases of 31,860,000 reduced equity.
- Other comprehensive income decreased equity by 4,003,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₹-2.31 Billion | -22.17% |
| Dividends Paid | ₹15.76 Million | -0.15% |
| Share Repurchases | ₹31.86 Million | -0.31% |
| Other Comprehensive Income | ₹-4.00 Million | -0.04% |
| Other Changes | ₹47.62 Million | +0.46% |
| Total Change | ₹- | -18.17% |
Book Value vs Market Value Analysis
This analysis compares TARC Limited's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 3.54x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 29.93x to 3.54x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2013-03-31 | ₹4.18 | ₹125.06 | x |
| 2014-03-31 | ₹7.73 | ₹125.06 | x |
| 2015-03-31 | ₹8.23 | ₹125.06 | x |
| 2016-03-31 | ₹9.10 | ₹125.06 | x |
| 2017-03-31 | ₹11.03 | ₹125.06 | x |
| 2020-03-31 | ₹52.78 | ₹125.06 | x |
| 2021-03-31 | ₹53.01 | ₹125.06 | x |
| 2022-03-31 | ₹45.13 | ₹125.06 | x |
| 2023-03-31 | ₹45.80 | ₹125.06 | x |
| 2024-03-31 | ₹43.19 | ₹125.06 | x |
| 2025-03-31 | ₹35.36 | ₹125.06 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently TARC Limited utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -22.17%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -686.34%
- • Asset Turnover: 0.01x
- • Equity Multiplier: 4.04x
- Recent ROE (-22.17%) is below the historical average (0.80%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2013 | 9.82% | 2.49% | 1.09x | 3.61x | ₹-104.60K |
| 2014 | 6.22% | 2.75% | 0.54x | 4.22x | ₹-3.99 Million |
| 2015 | 6.16% | 1.77% | 0.82x | 4.26x | ₹-4.31 Million |
| 2016 | 9.56% | 2.60% | 0.99x | 3.71x | ₹-543.90K |
| 2017 | 17.48% | 5.08% | 0.78x | 4.40x | ₹11.25 Million |
| 2020 | 3.41% | 38.67% | 0.04x | 2.14x | ₹-1.03 Billion |
| 2021 | 0.39% | 3.23% | 0.06x | 2.18x | ₹-1.50 Billion |
| 2022 | -17.48% | -243.83% | 0.03x | 2.24x | ₹-3.66 Billion |
| 2023 | 1.50% | 11.02% | 0.06x | 2.34x | ₹-1.15 Billion |
| 2024 | -6.04% | -68.68% | 0.03x | 2.72x | ₹-2.05 Billion |
| 2025 | -22.17% | -686.34% | 0.01x | 4.04x | ₹-3.36 Billion |
Industry Comparison
This section compares TARC Limited's net assets metrics with peer companies in the Real Estate - Development industry.
Industry Context
- Industry: Real Estate - Development
- Average net assets among peers: $6,649,206,619
- Average return on equity (ROE) among peers: 10.80%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| TARC Limited (TARC) | ₹10.82 Billion | 9.82% | 3.20x | $141.32 Million |
| AGI Infra Limited (AGIIL) | $2.95 Billion | 22.61% | 3.06x | $34.68K |
| Ajmera Realty & Infra India Limited (AJMERA) | $4.01 Billion | 9.65% | 0.88x | $62.26 Million |
| Alembic Limited (ALEMBICLTD) | $3.31 Billion | 3.27% | 2.07x | $63.77 Million |
| Amj Land Holdings Limited (AMJLAND) | $1.46 Billion | 4.66% | 0.23x | $5.06 Million |
| Anant Raj Limited (ANANTRAJ) | $37.41 Billion | 2.92% | 0.36x | $735.51 Million |
| Ansal Properties & Infrastructure Limited (ANSALAPI) | $9.45 Billion | 13.98% | 1.38x | $783.91K |
| Arihant Superstructures Limited (ARIHANTSUP) | $2.46 Billion | 12.78% | 3.20x | $38.94 Million |
| Arkade Developers Ltd (ARKADE) | $1.49 Billion | 33.81% | 1.48x | $40.67 Million |
| Art Nirman Limited (ARTNIRMAN) | $449.80 Million | 1.82% | 2.07x | $2.58 Million |
| Arvind SmartSpaces Limited (ARVSMART) | $3.50 Billion | 2.50% | 1.64x | $115.80 Million |