Share price
₹128.28 latest close · +1.1% over the last 90 sessions
₹128.28 month-end · −8.4% over 12 months
₹128.28 month-end · +14.3% over 3 years
₹128.28 month-end · +466.4% since Dec '20
52-week range ₹106.21 to ₹186.30 · 1-year volatility 42.1%
How rough has the ride been?
Drawdown from peak
Largest drawdowns
-61.1% (2024-10 peak to 2025-03 low, not yet recovered)
-42.8% (2022-01 peak to 2022-06 low, recovered 2023-06)
-30.3% (2021-07 peak to 2021-08 low, recovered 2021-11)
Most recent volume spikes
2026-11-06: 8.4x the 50-day median, price +0.1% that day
2026-11-05: 91.3x the 50-day median, price +10.8% that day
2026-07-29: 6x the 50-day median, price +2.5% that day
Beta is the slope of daily returns against a market-cap-weighted index of the sector's other listed companies, built from today's constituents (so it excludes companies no longer listed).
Where does it rank among Finance peers?
Each cell is the company's percentile rank among its Finance peers (non-financial companies) that month.
Darker is better-ranked.
Rows marked ↓ are inverted (lower debt, shorter cash cycle and a lower P/E rank higher).
Where it ranks today
- ROCE38th▲ 33 pts vs a year ago
- Op. margin34th▲ 29 pts vs a year ago
- Revenue growth97th▲ 3 pts vs a year ago
- EPS growth1st
- Debt/equity ↓11thflat vs a year ago
- Cash cycle ↓71st▲ 45 pts vs a year ago
- P/E ↓6th
- 12M momentum59th▲ 43 pts vs a year ago
Rank history
Percentiles use today's listed companies in the sector and need at least 5 peers with a value; grey cells have too few.
ROE is computed from net profit and book value where the source does not report it.
The Finance sector page Watch it move against Finance in the Observatory
What is the price implying?
Trailing earnings per share are negative, so a P/E-based figure does not exist. See the loss-makers list on the Expectations Gap page for a revenue-based version.
“Implied growth” is what the current price would require under our stated assumptions, not what we expect.
What prices imply across Finance The market-wide Expectations lists
Key figures
- Share Priceclose 9 Nov
- ₹128.28
- ROCE
- 6.0%
- Market Cap
- ₹3776 cr
- Revenue (TTM)
- ₹471 cr
- P/S
- 8.0x
- P/B
- 3.6x
- ROE
- -1.2%
- Operating Margin
- 19.0%
- Debt / Equity
- 1.8x
- Promoter Holding
- 65.1%
- 12M Momentum
- -8.4%
52-week range
Price risk
Balance sheet & cash
Are profits backed by cash?
Other income reliance—Not enough data
Not enough reported data to compute this.
Tax rate—Not enough data
Not enough reported data to compute this.
Cash conversion—Not enough data
Not enough reported data to compute this.
Free cash flow4 of 5 yrsWithin range
Fiscal years with positive free cash flow in the last 5: 4. Bands: at least 80% of years, 40% to 80%, below 40%.
Receivable days vs history-12 daysWithin range
Debtor days are below the median of the previous three fiscal years by 12 days (8 vs 20). Bands: under 15 days, 15 to 45, over 45.
Capital work in progress0% of fixed assetsWithin range
Capital work-in-progress is 0% of fixed assets. Bands: not rising or up to 30%; rising for three years and above 30%; rising and above 60%.
Payable days—Not enough data
Not enough reported data to compute this.
Tap a check to see how it is measured
How to read this
Each check is a named rule with fixed thresholds, not a score. Annual statements are the latest restated figures, so a past year may differ from what was originally reported.
Who has been buying and selling?
- Over 3 years, DIIs added 6.0 pts; FIIs trimmed 0.9 pts.
Holdings, Jun '26
How each group changed
Number of shareholders
Quarterly shareholding as reported, labelled by the quarter it covers (it becomes visible about two months later).
Shareholder counts are only available for recent quarters.
What happened next to similar setups
- We found 50 past situations where a non-financial company looked like TARC LIMITED today on valuation, return on capital, margins, debt, growth, price momentum, size and volatility.
- Over the following 12 months the middle half of them returned −33% to +22% vs the market, against −3% for all non-financial companies in the same months.
- The gap against the base rate (−0.6%, 80% range −14.3% to +9.8%) is within what chance and overlapping periods produce.
Where the 50 outcomes landed
Each dot is one past situation (hover or tap for details) · Solid dots are the closest matches, listed below · Shaded is the middle half of all companies in the same months
50 past situations · 50 companies · 33 months · 2020–2025
The closest matches
| Company | When | P/E | ROCE | 12M mom. | Drawdown | Next 12 months |
|---|---|---|---|---|---|---|
| ORISSAMINE Non-Energy Minerals |
Feb 2023 | — | 5% | +2% | −31% | +82% |
| PVRINOX Consumer Services |
Oct 2022 | — | -3% | +6% | −19% | −18% |
| SWANCORP Utilities |
Sep 2023 | — | 2% | +29% | −21% | +38% |
| LEMONTREE Consumer Services |
May 2021 | — | 5% | +132% | −11% | +42% |
| 5PAISA Finance |
Apr 2021 | — | 2% | +125% | −20% | −18% |
Show the other 3 matches
| Company | When | P/E | ROCE | 12M mom. | Drawdown | Next 12 months |
|---|---|---|---|---|---|---|
| GFLLIMITED Miscellaneous |
Aug 2022 | — | -2% | +8% | −18% | +9% |
| IBULLSLTD Finance |
Feb 2021 | — | 1% | +76% | −6% | −66% |
| VERANDA Consumer Services |
Jan 2025 | — | 0% | −11% | −30% | −21% |
How reliable is this?
Matched on P/S, ROCE, operating margin, debt/equity, interest cover, revenue growth, 12-month momentum, drawdown from 12-month high, size and volatility. Closest on: interest cover, 12-month momentum and drawdown from 12-month high. Not used (unavailable for this company): P/E. This company is loss-making, so it was only compared with loss-making companies. One match per company and at most 7 from any one month.
Independent periods: the matches fall in 6 distinct 12-month windows. Matches from nearby months share the same market conditions, so fewer windows means less evidence.
What else looks like this?
Companies with the most similar financial profile today, regardless of industry.
Similarity is statistical, based on reported metrics; it does not imply similar business quality or future returns.
What changed?
30 events since Nov '21
- NovPriceVolume reached 91.3x its 50-day median on 2026-11-05; price +10.8% that day.
- SepResultsEPS (TTM) turned negative.
- SepPeer rankMoved into the 3rd quartile of Finance on operating margin (from the bottom quartile).
- JulPriceVolume reached 179.0x its 50-day median on 2026-07-07; price +2.4% that day.
- JunResultsEPS (TTM) turned positive.
- JunPeer rankMoved into the 3rd quartile of Finance on ROCE (from the bottom quartile).
- DecPriceVolume reached 38.2x its 50-day median on 2025-12-01; price +11.5% that day.
- AprPriceVolume reached 9.3x its 50-day median on 2025-04-04; price +4.7% that day.
Show 22 earlier events
- MarPriceFell 61% from the Oct 2024 peak to the Mar 2025 low.
- DecPriceVolume reached 15.0x its 50-day median on 2024-12-18; price -3.5% that day.
- JulPriceVolume reached 6.5x its 50-day median on 2024-07-03; price +4.5% that day.
- JunResultsEPS (TTM) turned negative.
- JunPeer rankSlipped to the bottom quartile of Finance on ROCE (from the 3rd quartile).
- MayPriceRegained the 2024-01 peak, 2 months after the low.
- MayPriceVolume reached 10.9x its 50-day median on 2024-05-22; price +11.8% that day.
- MarPriceFell 28% from the Jan 2024 peak to the Mar 2024 low.
- OctPriceVolume reached 9.3x its 50-day median on 2023-10-19; price +6.5% that day.
- JunResultsEPS (TTM) turned positive.
- JunPriceRegained the 2022-01 peak, 12 months after the low.
- JunPeer rankMoved into the 3rd quartile of Finance on ROCE (from the bottom quartile).
- JunDebtDebt / equity rose above 1.0x (1.03x).
- AprPriceVolume reached 9.3x its 50-day median on 2023-04-21; price +2.4% that day.
- DecPriceVolume reached 8.7x its 50-day median on 2022-12-06; price +8.3% that day.
- AugPriceVolume reached 10.1x its 50-day median on 2022-08-25; price +1.6% that day.
- JunResultsEPS (TTM) turned negative.
- JunPriceFell 43% from the Jan 2022 peak to the Jun 2022 low.
- JunPeer rankSlipped to the bottom quartile of Finance on ROCE (from the 3rd quartile).
- MayPriceVolume reached 12.2x its 50-day median on 2022-05-05; price +11.1% that day.
- JanPriceVolume reached 5.2x its 50-day median on 2022-01-11; price +8.5% that day.
- NovPriceRegained the 2021-07 peak, 3 months after the low.
Events are generated from the data by fixed rules.
The month shown is when the change became visible in the reported figures, assuming a 60-day lag after each quarter end; it is not an announcement date.
Where price and fundamentals disagree, market-wide Rewind the whole market to any month
Monthly history72 months · 2020-12 to 2026-11
| Month | P/E | Revenue (TTM) | ROE | ROCE | Debt / Equity |
|---|---|---|---|---|---|
| 2026-11 | — | ₹471 cr | -1.2% | 6.0% | 1.8x |
| 2026-10 | — | ₹471 cr | -1.2% | 6.0% | 1.8x |
| 2026-09 | — | ₹471 cr | -1.2% | 6.0% | 1.8x |
| 2026-08 | 182.2x | ₹330 cr | 1.8% | 6.0% | 1.8x |
| 2026-07 | 211.2x | ₹330 cr | 1.8% | 6.0% | 1.8x |
| 2026-06 | 194.5x | ₹330 cr | 1.8% | 6.0% | 1.8x |
| 2026-05 | — | ₹133 cr | -8.7% | -5.0% | 1.9x |
| 2026-04 | — | ₹133 cr | -8.7% | -5.0% | 1.9x |
| 2026-03 | — | ₹133 cr | -8.7% | -5.0% | 1.9x |
| 2026-02 | — | ₹104 cr | -9.5% | -5.0% | 1.9x |
| 2026-01 | — | ₹104 cr | -9.5% | -5.0% | 1.9x |
| 2025-12 | — | ₹104 cr | -9.5% | -5.0% | 1.9x |
| 2025-11 | — | ₹101 cr | -14.5% | -5.0% | 1.9x |
| 2025-10 | — | ₹101 cr | -14.5% | -5.0% | 1.9x |
| 2025-09 | — | ₹101 cr | -14.5% | -5.0% | 1.9x |
| 2025-08 | — | ₹33 cr | -22.9% | -5.0% | 1.9x |
| 2025-07 | — | ₹33 cr | -22.9% | -5.0% | 1.9x |
| 2025-06 | — | ₹33 cr | -22.9% | -5.0% | 1.9x |
| 2025-05 | — | ₹30 cr | -14.5% | -1.0% | 1.1x |
| 2025-04 | — | ₹30 cr | -14.5% | -1.0% | 1.1x |
| 2025-03 | — | ₹30 cr | -14.5% | -1.0% | 1.1x |
| 2025-02 | — | ₹30 cr | -14.8% | -1.0% | 1.1x |
| 2025-01 | — | ₹30 cr | -14.8% | -1.0% | 1.1x |
| 2024-12 | — | ₹30 cr | -14.8% | -1.0% | 1.1x |
| 2024-11 | — | ₹56 cr | -9.3% | -1.0% | 1.1x |
| 2024-10 | — | ₹56 cr | -9.3% | -1.0% | 1.1x |
| 2024-09 | — | ₹56 cr | -9.3% | -1.0% | 1.1x |
| 2024-08 | — | ₹111 cr | -6.2% | -1.0% | 1.1x |
| 2024-07 | — | ₹111 cr | -6.2% | -1.0% | 1.1x |
| 2024-06 | — | ₹111 cr | -6.2% | -1.0% | 1.1x |
| 2024-05 | 243.8x | ₹369 cr | 1.5% | 6.0% | 1.0x |
| 2024-04 | 224.6x | ₹369 cr | 1.5% | 6.0% | 1.0x |
| 2024-03 | 202.5x | ₹369 cr | 1.5% | 6.0% | 1.0x |
| 2024-02 | 232.0x | ₹369 cr | 1.5% | 6.0% | 1.0x |
| 2024-01 | 233.6x | ₹369 cr | 1.5% | 6.0% | 1.0x |
| 2023-12 | 196.7x | ₹369 cr | 1.5% | 6.0% | 1.0x |
| 2023-11 | 162.7x | ₹369 cr | 1.5% | 6.0% | 1.0x |
| 2023-10 | 148.0x | ₹369 cr | 1.5% | 6.0% | 1.0x |
| 2023-09 | 137.4x | ₹369 cr | 1.5% | 6.0% | 1.0x |
| 2023-08 | 134.6x | ₹369 cr | 1.5% | 6.0% | 1.0x |
| 2023-07 | 103.0x | ₹369 cr | 1.5% | 6.0% | 1.0x |
| 2023-06 | 92.5x | ₹369 cr | 1.5% | 6.0% | 1.0x |
| 2023-05 | — | ₹251 cr | -18.0% | -5.0% | 0.9x |
| 2023-04 | — | ₹251 cr | -18.0% | -5.0% | 0.9x |
| 2023-03 | — | ₹251 cr | -18.0% | -5.0% | 0.9x |
| 2023-02 | — | ₹251 cr | -18.0% | -5.0% | 0.9x |
| 2023-01 | — | ₹251 cr | -18.0% | -5.0% | 0.9x |
| 2022-12 | — | ₹251 cr | -18.0% | -5.0% | 0.9x |
| 2022-11 | — | ₹251 cr | -18.0% | -5.0% | 0.9x |
| 2022-10 | — | ₹251 cr | -18.0% | -5.0% | 0.9x |
| 2022-09 | — | ₹251 cr | -18.0% | -5.0% | 0.9x |
| 2022-08 | — | ₹251 cr | -18.0% | -5.0% | 0.9x |
| 2022-07 | — | ₹251 cr | -18.0% | -5.0% | 0.9x |
| 2022-06 | — | ₹251 cr | -18.0% | -5.0% | 0.9x |
| 2022-05 | 180.2x | ₹191 cr | 0.4% | 1.0% | 0.8x |
| 2022-04 | 193.3x | ₹191 cr | 0.4% | 1.0% | 0.8x |
| 2022-03 | 174.3x | ₹191 cr | 0.4% | 1.0% | 0.8x |
| 2022-02 | 180.0x | ₹191 cr | 0.4% | 1.0% | 0.8x |
| 2022-01 | 228.6x | ₹191 cr | 0.4% | 1.0% | 0.8x |
| 2021-12 | 237.4x | ₹191 cr | 0.4% | 1.0% | 0.8x |
| 2021-11 | 214.0x | ₹191 cr | 0.4% | 1.0% | 0.8x |
| 2021-10 | 208.1x | ₹191 cr | 0.4% | 1.0% | 0.8x |
| 2021-09 | 216.0x | ₹191 cr | 0.4% | 1.0% | 0.8x |
| 2021-08 | 174.8x | ₹191 cr | 0.4% | 1.0% | 0.8x |
| 2021-07 | 196.4x | ₹191 cr | 0.4% | 1.0% | 0.8x |
| 2021-06 | 172.9x | ₹191 cr | 0.4% | 1.0% | 0.8x |
| 2021-05 | — | ₹137 cr | 3.4% | — | 0.8x |
| 2021-04 | — | ₹137 cr | 3.4% | — | 0.8x |
| 2021-03 | — | ₹137 cr | 3.4% | — | 0.8x |
| 2021-02 | — | ₹137 cr | 3.4% | — | 0.8x |
| 2021-01 | — | ₹137 cr | 3.4% | — | 0.8x |
| 2020-12 | — | ₹137 cr | 3.4% | — | 0.8x |