TARC Gurugram Project Value ₹3600 Cr Hua, Par Profit Ka Funda Kya Hai?

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AuthorRiya Kapoor|Published at:
TARC Gurugram Project Value ₹3600 Cr Hua, Par Profit Ka Funda Kya Hai?
Overview

TARC Limited ne apne Gurugram wale project, TARC Ishvara ka Gross Development Value (GDV) badha kar **₹3,600 crore** kar diya hai, jo pehle **₹2,500 crore** tha. Company ne ek aur land parcel aur ek naya tower add kiya hai, jisse development area bhi **400,000 sq ft** badh gaya. Lekin, TARC ke P/E ratio aur ROE jaise financials abhi bhi pareshan kar rahe hain.

Project Expansion Dikhaane Ko Mazboot?

TARC Ishvara project ko TARC ne Gurugram mein aur extend kar diya hai. Ab iska total potential value yaani GDV ₹3,600 crore tak pahunch gaya hai. Pehle ye ₹2,500 crore tha. Yeh growth isliye ho rahi hai kyunki company ne 2 acre ki ek aur land khareedi hai aur ek naya tower bhi add kiya hai. Isse project ka total size 400,000 sq ft aur badh gaya hai. Location bhi ekdum mast hai, Golf Course Extension Road ke paas, jisse commercial hubs tak pahunchna aasan hai. Sabka focus hai ki high-end buyers ko attract kiya jaaye.

Amar Sarin Ka Plan Kya Hai?

TARC Limited ke MD & CEO, Amar Sarin ka kehna hai ki customers ki taraf se zabardast response mil raha hai, isliye woh premium, well-designed homes par focus kar rahe hain. Project mein do entry points hain, ek 84-meter aur ek 24-meter road se, jo connectivity ko aur bhi behtar banata hai. Company ko lagta hai ki aise projects se woh affluent buyers ko pakad paayenge.

Par Numbers Kya Kehte Hain?

Sab kuch project expansion tak theek hai, lekin jab financials ki baat aati hai, toh TARC thoda peeche dikh raha hai. Company ki market cap ₹3,600-3,700 crore ke aas-paas hai. Lekin, TARC ka P/E ratio negative hai, around -14.88x se -49.9x tak. Iska matlab hai ki company har share par profit nahi kama rahi hai. Dusri taraf, Godrej Properties ka P/E 30.5x aur DLF Ltd ka 35.0x hai, jo profitable hain. TARC ka Return on Equity (ROE) bhi consistently negative hai, lagbhag -8.02%, jo shareholders ke liye profit generate karne mein mushkil dikhata hai. Sales growth bhi chinta ka vishay hai, jismein -77.34% aur -68.47% ki girawat dekhi gayi hai.

Risk Factor Aur Future Ka Kya?

Is GDV announcement ke bawajood, risk toh hai. TARC ka negative EPS lagbhag ₹-8.29 hai. Yeh sab cheezein investors ke liye red flag ho sakti hain aur future funding mein bhi dikkat aa sakti hai. Competitors jaise Godrej Properties aur DLF, jinke P/E aur EPS positive hain, zyada stable lagte hain. TARC ke paas ₹1,100 crore se zyada ki contingent liabilities bhi hain, jo financial risk badha sakti hain. Agar company apne GDV growth ko sales, collections aur finally profit mein convert nahi kar paati, toh yeh ek badi challenge hogi. Luxury projects ki demand toh hai, par execution aur financial discipline TARC ke liye bahut important hoga.

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