TARC Limited (TARC) - Net Assets
Based on the latest financial reports, TARC Limited (TARC) has net assets worth Rs10.82 Billion INR (≈ $116.98 Million USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Rs45.48 Billion ≈ $491.88 Million USD) and total liabilities (Rs34.67 Billion ≈ $374.90 Million USD). 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. Check how resilient are TARC Limited's assets to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | Rs10.82 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. Also explore TARC Limited asset portfolio for the complete picture of this company's asset base.
Annual Net Assets for TARC Limited (2013–2025)
The table below shows the annual net assets of TARC Limited from 2013 to 2025. For live valuation and market cap data, see TARC market cap.
| Year | Net Assets | Change |
|---|---|---|
| 2025-03-31 | Rs10.43 Billion ≈ $112.82 Million |
-18.17% |
| 2024-03-31 | Rs12.75 Billion ≈ $137.88 Million |
-5.70% |
| 2023-03-31 | Rs13.52 Billion ≈ $146.21 Million |
+1.50% |
| 2022-03-31 | Rs13.32 Billion ≈ $144.06 Million |
-14.86% |
| 2021-03-31 | Rs15.65 Billion ≈ $169.20 Million |
+0.43% |
| 2020-03-31 | Rs15.58 Billion ≈ $168.49 Million |
+10253.70% |
| 2017-03-31 | Rs150.47 Million ≈ $1.63 Million |
+21.17% |
| 2016-03-31 | Rs124.18 Million ≈ $1.34 Million |
+10.57% |
| 2015-03-31 | Rs112.30 Million ≈ $1.21 Million |
+6.54% |
| 2014-03-31 | Rs105.41 Million ≈ $1.14 Million |
+84.91% |
| 2013-03-31 | Rs57.01 Million ≈ $616.50K |
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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 | Rs9.57 Billion | 91.73% |
| Common Stock | Rs590.19 Million | 5.66% |
| Other Comprehensive Income | Rs271.94 Million | 2.61% |
| Other Components | Rs1.00K | 0.00% |
| Total Equity | Rs10.43 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 |
|---|---|
|
YTL Hospitality REIT
KLSE:5109
|
$436.47 Million |
|
Jinling Hotel Corp Ltd
SHG:601007
|
$436.58 Million |
|
Binggrae
KO:005180
|
$436.81 Million |
|
Weave Communications Inc
NYSE:WEAV
|
$436.94 Million |
|
Jaguar Mining Inc
TO:JAG
|
$436.05 Million |
|
Is Gayrimenkul Yatirim Ortakligi AS
IS:ISGYO
|
$435.91 Million |
|
Xiangyang BOYA Precision Industrial Equipments Co. Ltd
SHE:300971
|
$435.89 Million |
|
Galan Lithium Ltd
AU:GLN
|
$435.87 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 | Rs-2.31 Billion | -22.17% |
| Dividends Paid | Rs15.76 Million | -0.15% |
| Share Repurchases | Rs31.86 Million | -0.31% |
| Other Comprehensive Income | Rs-4.00 Million | -0.04% |
| Other Changes | Rs47.62 Million | +0.46% |
| Total Change | Rs- | -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: 3.87x
- 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 32.72x to 3.87x 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 | Rs4.18 | Rs136.69 | x |
| 2014-03-31 | Rs7.73 | Rs136.69 | x |
| 2015-03-31 | Rs8.23 | Rs136.69 | x |
| 2016-03-31 | Rs9.10 | Rs136.69 | x |
| 2017-03-31 | Rs11.03 | Rs136.69 | x |
| 2020-03-31 | Rs52.78 | Rs136.69 | x |
| 2021-03-31 | Rs53.01 | Rs136.69 | x |
| 2022-03-31 | Rs45.13 | Rs136.69 | x |
| 2023-03-31 | Rs45.80 | Rs136.69 | x |
| 2024-03-31 | Rs43.19 | Rs136.69 | x |
| 2025-03-31 | Rs35.36 | Rs136.69 | 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 | Rs-104.60K |
| 2014 | 6.22% | 2.75% | 0.54x | 4.22x | Rs-3.99 Million |
| 2015 | 6.16% | 1.77% | 0.82x | 4.26x | Rs-4.31 Million |
| 2016 | 9.56% | 2.60% | 0.99x | 3.71x | Rs-543.90K |
| 2017 | 17.48% | 5.08% | 0.78x | 4.40x | Rs11.25 Million |
| 2020 | 3.41% | 38.67% | 0.04x | 2.14x | Rs-1.03 Billion |
| 2021 | 0.39% | 3.23% | 0.06x | 2.18x | Rs-1.50 Billion |
| 2022 | -17.48% | -243.83% | 0.03x | 2.24x | Rs-3.66 Billion |
| 2023 | 1.50% | 11.02% | 0.06x | 2.34x | Rs-1.15 Billion |
| 2024 | -6.04% | -68.68% | 0.03x | 2.72x | Rs-2.05 Billion |
| 2025 | -22.17% | -686.34% | 0.01x | 4.04x | Rs-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: $6,216,504,000
- Average return on equity (ROE) among peers: 12.86%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| TARC Limited (TARC) | Rs10.82 Billion | 9.82% | 3.20x | $436.23 Million |
| Ajmera Realty & Infra India Limited (AJMERA) | $5.38 Billion | 7.88% | 1.34x | $276.08 Million |
| Amj Land Holdings Limited (AMJLAND) | $1.25 Billion | 8.88% | 1.02x | $18.52 Million |
| Ansal Properties & Infrastructure Limited (ANSALAPI) | $-5.66 Billion | 0.00% | 0.00x | $6.86 Million |
| Arihant Superstructures Limited (ARIHANTSUP) | $2.03 Billion | 20.37% | 3.21x | $129.63 Million |
| Arkade Developers Ltd (ARKADE) | $3.24 Billion | 37.99% | 0.78x | $248.29 Million |
| Art Nirman Limited (ARTNIRMAN) | $449.80 Million | 1.82% | 2.07x | $10.93 Million |
| Arvind SmartSpaces Limited (ARVSMART) | $1.36 Million | 50.50% | 187.54x | $314.34 Million |
| Ashiana Housing Limited (ASHIANA) | $7.60 Billion | 3.67% | 1.90x | $407.68 Million |
| Ashima Limited (ASHIMASYN) | $-1.85 Billion | 0.00% | 0.00x | $35.44 Million |
| Valor Estate Limited (DBREALTY) | $49.72 Billion | -2.53% | 0.72x | $832.90 Million |
About 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