TARC share price today

TARC Ltd's share price was ₹125.27 at the close on 6 November 2026. It has been falling for 34 weeks. That is 5.2% below its average price over the last 200 trading days. In the last 52 weeks it traded between ₹110 and ₹176, and at that close it sat 23% of the way up from that low.

A share price tends to move through four phases: moving sideways (stage 1), rising (stage 2), stalling near a high (stage 3) and falling (stage 4). Today TARC Ltd is in stage 4. The phase helps read everything below.

Over the past 13 weeks it has done better than the NIFTY 500, and it has stayed ahead for 1 week in a row.

Over the last 5.9 years the share price moved +468% while the NIFTY 500 moved +95%, so it is ahead of the index over that whole period. The chart above shows the 13-week comparison for every week.

This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row.

Three changes stood out: profit fell in the June 2026 quarter, best operating margin in 10 quarters and revenue up on a year earlier for 6 quarters in a row.

1. Profit fell in the June 2026 quarter

   Profit was ₹23 crore, -57.4% on a year earlier (₹54 crore), after 4 quarters of growth.

2. Best operating margin in 10 quarters

   Operating margin was 19% in the June 2026 quarter, against -159% a year earlier.

3. Revenue up on a year earlier for 6 quarters in a row

   In the June 2026 quarter revenue was ₹217 crore, +185.5% on a year earlier.

For April to June 2026 (the quarter ended 30 June 2026), TARC reported revenue of ₹217 crore, up 185.5% from ₹76.0 crore a year earlier, and a profit of ₹23.0 crore, down 57.4% from ₹54.0 crore.

TARC results: April to June 2026 against a year earlier

The next results, for July to September 2026, are due by 14 November 2026: listed companies must publish quarterly results within 45 days of the quarter's end (60 days for the January to March quarter).

From the company's reported quarterly results (quarter ended 30 June 2026). Revenue and profit in ₹ crore.

TARC closed at ₹125.27 on 6 November 2026, down 17.6% from ₹152.04 a year earlier (7 November 2025) and up 169.7% over five years. Its highest weekly close since December 2020 was ₹266.10 on 4 October 2024.

TARC share price: then and now

Weekly closing prices. Each change is the move from that price to the 6 Nov 2026 close. A day's intraday high or low can go beyond these weekly closes.

311 weekly closes from 18 December 2020 to 6 November 2026.

6 Nov 2026: TARC closed at ₹125.27, up 14.2% on the week and up 6.6% on the month. Results for April to June 2026: Revenue up 185.5% and profit down 57.4% on a year earlier.

TARC has paid no dividend on the NSE since 1 April 2021, the start of the period we checked.

No. TARC Ltd paid out 0% of its profit as dividends in each of its last 7 reported years, so there is no payout history to show. That comes from the filed annual statements, not an estimate.

From the NSE corporate-actions record, read 7 November 2026.

TARC is on 2 of our India lists: 52 week high & low and Real estate, REIT & cement.

TARC Ltd earned ₹23.0 Cr of net profit in the Jun 2026 quarter, −57.4% on the same quarter a year earlier. Full-year FY26 profit was ₹19.0 Cr. Over 6 years profit has grown −15.7% a year on average. That is 10.6% of the quarter's revenue. The same quarter a year earlier earned ₹54.0 Cr.

Net profit is what is left after every cost, interest and tax. Earnings per share, dividends and book value all grow from it.

8 of the last 12 reported quarters were loss-making.

TARC Ltd reported ₹217 Cr of revenue in the Jun 2026 quarter, +185.5% on the same quarter a year earlier. That is the 6th quarter in a row with growth on the year before. Over 6 years it has grown 15.8% a year on average. The last full year, FY26, came in at ₹330 Cr.

Revenue is everything the company billed its customers in the period.

The last four reported quarters add to ₹471 Cr.

FY26 revenue was ₹330 Cr, +870.6% on the year before.

Recent pace: the last four quarters grew +556.1% on average, against 15.8% a year over the longer run, so this year is growing faster than its own long-run rate.

Is growth speeding up? Revenue over the last 12 months grew +366.3%, against +190.0% a year over the last 8 quarters (accelerating).

TARC Ltd's operating margin was 19.0% in the Jun 2026 quarter, 178.0 percentage points higher than the same quarter a year ago. Across 7 years it has been between −395.0% and 44.0%. The latest quarter is within that range.

Operating margin is what is left from every ₹100 of sales after the costs of running the business, before interest and tax. It shows pricing power and cost control.

Why the margin moved: operating margin changed +177.0 percentage points on the year while gross margin changed −209.6 points. So the gain came mostly from the gross margin, which means input costs and prices charged.

Over the last 3 years, 564% of TARC Ltd's reported profit came in as cash from its operations, so the profit is backed by cash. In FY26 it brought in ₹191 Cr of operating cash against ₹19.0 Cr of profit. After ₹115 Cr of spending on assets, ₹76.0 Cr was left over as free cash.

The profit and loss account shows what was earned. The cash-flow statement shows the cash that actually came in. Comparing operating cash flow with profit is one of the best checks that a profit is real.

Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year.

Why 564% of profit came in as cash: the cash cycle got 24 days shorter between FY21 and FY26, so cash that used to wait in the business now arrives sooner.

What to look at next: the bigger use of cash is spending on new assets, at 11.2× depreciation over three years. The next section checks what that spending is building.

TARC Ltd's cash cycle, the days between paying suppliers and getting paid by customers, was 8 days in FY26, down from 32 days in FY21. It spent ₹279 Cr on assets over the last 3 years.

Working capital is the cash tied up between paying suppliers and getting paid. Debtor days: how long customers take to pay. Inventory days: how long stock sits. The cash cycle: the whole loop, in days of sales.

At FY26 sales of ₹330 Cr, each day of that cycle ties up about ₹0.9 Cr, so roughly ₹7.0 Cr is tied up in the business at any time.

Spending on assets: ₹279 Cr over the last 3 years, against ₹25.0 Cr of depreciation (the yearly wear and tear on existing assets). So it is building well beyond replacing what wears out. Work still in progress is ₹0.0 Cr (FY26): assets paid for that are not earning yet.

In short: the cash is going into new capacity, not getting stuck in the daily cycle. The question is whether the new capacity earns.

TARC Ltd's P/E is 202.5×, near the high end of its own history: higher than 87% of past readings. Its usual P/E (the middle reading) is 117.6×, over 5.6 years of weekly prices. This compares the share price with the company’s own past. It does not say what the business is worth.

P/E is the share price divided by a year's profit per share: how many rupees the market pays for each rupee of yearly profit.

Where the price move came from: over 5 years the price moved +21.9% a year; about −18.4% a year came from earnings growth and about +40.3 percentage points from the multiple (the market paying more). The split is approximate (price return minus earnings growth). It shows how much of the move came from the market paying a different multiple.

In short: the multiple is high against its own past, so the earnings trend underneath matters more than the multiple.

TARC Ltd's business trend cannot be read yet. There are fewer than eight usable quarters of growth figures, so there is not enough history to read the trend. This is based on 12 quarters of 2 measures, with some gaps.

Every business is somewhere on a path of getting better or worse, and this section names where. The last 12 quarters of growth in revenue, profit and earnings per share, plus the return the business earns on its capital, are read as lines. Getting worse: the lines are falling. Turning around: a low point has just formed and the last few quarters are rising from it. Getting better: the rise from the low has lasted. Growing steadily: steady growth with healthy returns. Slowing from a peak: still high, but slowing. When the lines disagree the result is mixed; too little history means no reading. CAGR (compound annual growth rate) is the steady yearly rate that would turn the starting value into the latest one. It is the fairest way to compare growth over different periods. If the 1-year figure is much bigger than the 10-year one, recent growth is running faster than the long-run trend. A dash means there is no figure for that period, or the starting year was a loss, where a growth rate means nothing.

Why it matters: with too little history, we say so rather than guess a direction.

One or more growth lines have an extreme jump caused by comparing with a near-zero or loss-making quarter. Those jumps are capped before reading and drawn at the edge of the chart, so one odd quarter does not decide the result.

The return figures here are yearly, not quarterly. They show level and direction only; they can support the growth lines but never decide the reading alone.

There are fewer than eight usable quarters, so this page does not guess a direction from so little history.

Compound annual growth rate (%)

Compound annual growth rate over each period, %. Revenue, profit and EPS come from yearly figures; the share price row is price growth over the same periods. A dash means no figure for that period, or the starting year was a loss.

TARC Ltd earned a ROCE of 6% in FY26. That is up from a low of −5% in FY22. Its return on capital used (ROIC) is 16.0 percentage points below its cost of capital, so growth here does not yet pay for the capital it uses.

Return on capital employed (ROCE) is the profit the whole business earns on all the money in it, from shareholders and lenders together. It is the best single test of whether growth adds value or just size.

It comes from a 5.8% net margin and 0.07× asset turnover (sales divided by assets).

Why the return is what it is (FY26): a 5.8% net margin × 0.07× asset turnover × 4.33× leverage (assets divided by equity) ≈ 1.8% on equity. The margin does its share; borrowing is a big part of it.

The key test, return on capital used minus the cost of capital: −4.0% − 12.0% = −16.0 percentage points. The 12.0% is a standard assumption for the cost of capital in India, not an estimate for this company. Read the sign and size of the gap, not the decimals. Negative: growth at these returns loses value until returns improve.

The −4.0% ROIC above is the latest reading, as reported. The yearly chart below shows FY26 at −7.7%, and the quarterly chart works out each 12-month window from the quarterly figures, so the readings differ by date, not by method.

TARC Ltd has total debt of ₹1,895 Cr against shareholder equity of ₹1,062 Cr as of Jun 2026, so its debt is 1.78× its equity. Year by year, that ratio went from 0.89 in FY22 to 1.78 in FY26. Keep that borrowing in mind when reading the returns on this page.

Debt-to-equity shows how much of the business is paid for with borrowed money. Lower is safer, and the direction matters as much as the level.

Domestic institutions raised their stake in TARC Ltd by 2.6 percentage points over 8 quarters, the biggest change among its owners. Domestic institutions now own 5.9% of the company. Foreign institutions moved −1.6 points over the same period, to 1.1%. This uses the four owner groups that companies report every quarter; nothing is guessed between filings.

Who owns the company each quarter: promoters (the founders or controlling owners), foreign institutions, domestic institutions such as mutual funds, and the public. When people close to the business steadily raise their stake, that is worth noticing; a quiet list is also an answer.

Over the last two years: Domestic institutions: +2.6 points over 8 quarters, to 5.9%; Foreign institutions: −1.6 points over 8 quarters, to 1.1%; Promoters: +0.2 points over 8 quarters, to 65.1%.

Why the owners changed: foreign institutions moved −1.6 points and domestic institutions +2.6 points over 8 quarters, while promoters stayed about the same. One group of institutions took over shares from the other; it is not a change of mind by the people running the company.

For TARC Ltd, the Z-score is not available, so we say so rather than guess one. It estimates how far the balance sheet is from trouble; it is not a forecast of failure. The debt, cash-flow and return sections show the balance-sheet figures we do have, each with its own date.

The Z-score estimates how far a company is from balance-sheet trouble. Above about 3 is safe; below about 1.8 is the danger zone. It was built for manufacturers, so it is not used for banks and lenders.

50.2 out of 100, rank 4 of 8 in Realty - Regional, with 61% of the evidence available.

TARC Ltd scores 50.2 out of 100 against the 8 companies it is compared with in Realty - Regional, ranking 4. The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer.

The four parts add up to the total exactly: 26.1 + 6.1 + 10 + 8 = 50.2. This is the same number shown on the industry page; it is worked out once for the whole group and read here.

What would change it: The score would fall if profit growth turns negative or margins stop improving while the share price lags its sector.

TARC ranks 4 of 8 Realty - Regional companies on the 4-Factor Sector Score, with 50.2 out of 100.

Missing figures are not scored as bad. They lower the confidence and pull the final score toward the middle. Relative strength counts only when the company has a reading for this week; with no reading, that factor is left out and its 20 points are shared across the other three in proportion. PEG is not shown when the ratio cannot mean anything: the company must be making a profit, its price-to-earnings must be positive, and its three-year earnings growth must fall between 5% and 60%. Dividing a price multiple by a loss, or by growth measured off a tiny base, produces a number that looks precise and tells you nothing. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led NIFTY 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step path the industry is placed on (basing, turning, breaking out, leader, fading, asleep), read from how many weeks running it has led NIFTY 500 and whether that lead is growing or shrinking. It describes where the share price stands, not the direction of earnings, and it is not a recommendation; it is left blank for a company whose weekly history is too short or too stale to read.

The figures in this ranking come from the industry comparison: results through the Sep 2026 quarter, and the P/E at that quarter's end. The sections above use the latest weekly price, so a P/E or return there can differ a little from the one here. The stage words in this ranking (such as losing its lead or breaking out) describe the lead over the index, not the price phase in the price section.

Related companies: Realty - Regional, all 8 compared on one page.

TARC is the 4th largest of 8 Realty - Regional companies on Sector Alpha by market value (scores of 30 October 2026). Just above it: Oberoi Realty, Max Estates and Raymond Realty. Just below it: Marathon Nextgen Realty, Arkade Developers and India Homes.

Realty - Regional companies close in size

1. Oberoi Realty Ltd ₹59,867 crore
2. Max Estates Ltd ₹8,297 crore
3. Raymond Realty Ltd ₹3,394 crore
4. TARC Ltd ₹3,238 crore
5. Marathon Nextgen Realty Ltd ₹2,517 crore
6. Arkade Developers Ltd ₹1,988 crore
7. India Homes Ltd ₹1,031 crore

All 8 Realty - Regional companies, largest first

Companies close in size in other industries

1010. CMS Info Systems Ltd ₹3,283 crore · Services - Others
1011. RattanIndia Enterprises Ltd ₹3,261 crore · Miscellaneous
1012. TARC Ltd ₹3,238 crore
1013. Deccan Gold Mines Ltd ₹3,217 crore · Mining/Minerals
1014. Pitti Engineering Ltd ₹3,212 crore · Capital Goods - Engineering General

Sector Alpha, written by code from the published numbers. Data as of 6 November 2026.

Every chart on this page is drawn by code from the published figures, with no forecasts and no price opinions.

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