Anant Raj Ltd
Anant Raj Ltd was incorporated in 1985 as Anant Raj Clay Products by Ashok Sarin. It is primarily engaged in the development and construction of IT parks, hospitality projects, SEZs, office complexes, shopping malls and residential projects in the State of Delhi, Haryana, Andhra Pradesh, Rajasthan and NCR.
The Company has successfully developed more than 20 msf of real estate projects in the Housing, Commercial, IT Parks, Shopping Malls, Hospitality, Residential and Affordable Housing sub-segments. [1] [2]
- Market Cap ₹ 18,149 Cr.
- Current Price ₹ 504
- High / Low ₹ 744 / 366
- Stock P/E 63.3
- Book Value ₹ 106
- Dividend Yield 0.14 %
- ROCE 6.71 %
- ROE 6.17 %
- Face Value ₹ 2.00
Pros
- Company has reduced debt.
- Company has delivered good profit growth of 51.6% CAGR over last 5 years
Cons
- Stock is trading at 4.75 times its book value
- Promoter holding has decreased over last quarter: -2.71%
- Company has a low return on equity of 4.89% over last 3 years.
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Consumer Discretionary Realty Realty Residential, Commercial Projects
Part of BSE 500 Nifty 500 BSE Realty Nifty Realty Nifty Smallcap 100
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 438 | 430 | 396 | 429 | 440 | 328 | 408 | 256 | 353 | 649 | 799 | 1,229 | 1,434 | |
| 310 | 211 | 279 | 308 | 343 | 261 | 351 | 206 | 297 | 541 | 698 | 1,015 | 1,148 | |
| Operating Profit | 128 | 219 | 118 | 121 | 96 | 67 | 57 | 51 | 56 | 108 | 101 | 214 | 287 |
| OPM % | 29% | 51% | 30% | 28% | 22% | 20% | 14% | 20% | 16% | 17% | 13% | 17% | 20% |
| 10 | 7 | 17 | 20 | 16 | 11 | 9 | 19 | 49 | 69 | 98 | 73 | 81 | |
| Interest | 19 | 49 | 35 | 43 | 33 | 19 | 10 | 24 | 21 | 22 | 18 | 4 | 6 |
| Depreciation | 11 | 21 | 20 | 20 | 19 | 17 | 16 | 15 | 15 | 14 | 15 | 15 | 16 |
| Profit before tax | 108 | 156 | 79 | 77 | 61 | 42 | 40 | 30 | 69 | 141 | 166 | 268 | 345 |
| Tax % | 18% | 20% | 28% | 22% | 30% | 22% | 32% | 34% | 19% | 24% | 22% | 18% | |
| 88 | 125 | 57 | 60 | 43 | 32 | 27 | 20 | 56 | 107 | 130 | 219 | 287 | |
| EPS in Rs | 2.99 | 4.24 | 1.95 | 2.04 | 1.45 | 1.10 | 0.93 | 0.68 | 1.89 | 3.29 | 3.80 | 6.38 | 8.24 |
| Dividend Payout % | 8% | 6% | 12% | 12% | 17% | 22% | 9% | 15% | 6% | 15% | 19% | 11% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 11% |
| 5 Years: | 25% |
| 3 Years: | 52% |
| TTM: | 27% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 6% |
| 5 Years: | 52% |
| 3 Years: | 58% |
| TTM: | 47% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 38% |
| 5 Years: | 66% |
| 3 Years: | 70% |
| 1 Year: | -16% |
| Return on Equity | |
|---|---|
| 10 Years: | 2% |
| 5 Years: | 4% |
| 3 Years: | 5% |
| Last Year: | 6% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 59 | 59 | 59 | 59 | 59 | 59 | 59 | 59 | 59 | 65 | 68 | 69 | 69 |
| Reserves | 3,861 | 3,976 | 3,957 | 4,069 | 4,085 | 2,401 | 2,386 | 2,409 | 2,552 | 2,697 | 3,336 | 3,634 | 3,752 |
| 1,267 | 1,244 | 1,385 | 1,619 | 2,264 | 1,584 | 1,598 | 1,614 | 1,229 | 1,021 | 589 | 421 | 433 | |
| 396 | 376 | 406 | 479 | 551 | 401 | 332 | 276 | 289 | 315 | 286 | 224 | 236 | |
| Total Liabilities | 5,584 | 5,655 | 5,807 | 6,227 | 6,960 | 4,445 | 4,375 | 4,358 | 4,130 | 4,097 | 4,279 | 4,346 | 4,490 |
| 1,941 | 1,953 | 300 | 2,020 | 2,007 | 1,185 | 1,170 | 1,157 | 1,144 | 1,134 | 1,121 | 1,124 | 1,130 | |
| CWIP | 36 | 158 | 158 | 133 | 180 | 143 | 136 | 86 | 41 | 3 | 20 | 24 | 29 |
| Investments | 395 | 498 | 2,300 | 582 | 811 | 290 | 290 | 290 | 340 | 376 | 324 | 365 | 418 |
| 3,213 | 3,046 | 3,049 | 3,492 | 3,962 | 2,826 | 2,778 | 2,824 | 2,605 | 2,585 | 2,814 | 2,833 | 2,913 | |
| Total Assets | 5,584 | 5,655 | 5,807 | 6,227 | 6,960 | 4,445 | 4,375 | 4,358 | 4,130 | 4,097 | 4,279 | 4,346 | 4,490 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 380 | 382 | -12 | -246 | -280 | 1,027 | 0 | -237 | 427 | 34 | -16 | 100 | |
| -97 | -260 | -120 | -7 | -239 | 1,386 | 19 | 52 | 23 | -32 | 87 | -29 | |
| -302 | -81 | 93 | 264 | 529 | -2,416 | -41 | 185 | -443 | 15 | 106 | -22 | |
| Net Cash Flow | -20 | 41 | -40 | 11 | 11 | -4 | -22 | -0 | 7 | 17 | 176 | 49 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 59 | 79 | 88 | 91 | 84 | 68 | 73 | 76 | 22 | 26 | 45 | 35 |
| Inventory Days | ||||||||||||
| Days Payable | ||||||||||||
| Cash Conversion Cycle | 59 | 79 | 88 | 91 | 84 | 68 | 73 | 76 | 22 | 26 | 45 | 35 |
| Working Capital Days | 901 | 906 | 853 | 1,036 | 1,278 | 1,673 | 1,206 | 2,570 | 1,425 | 857 | 697 | 393 |
| ROCE % | 2% | 4% | 3% | 2% | 2% | 1% | 1% | 1% | 2% | 4% | 5% | 7% |
Documents
Announcements
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Report On Action Taken During The Special Window For Re-Lodgement Of Transfer Requests (December 1, 2025, To January 6, 2026)
19h - One share transfer re-lodged (Dec 1, 2025–Jan 6, 2026); processed, rejected; average processing 23 days.
- Announcement Under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 27 Jan
- Announcement under Regulation 30 (LODR)-Investor Presentation 22 Jan
- Announcement under Regulation 30 (LODR)-Newspaper Publication 22 Jan
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Announcement under Regulation 30 (LODR)-Monitoring Agency Report
21 Jan - QIP Rs1100 crore; Rs296.98 crore utilized by Dec 31, 2025; no deviations.
Annual reports
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Financial Year 2025
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Financial Year 2024
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2013
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Financial Year 2012
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Concalls
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Jan 2026TranscriptAI SummaryPPT
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Jan 2026TranscriptAI SummaryPPT
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Nov 2025Transcript PPT REC
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Jul 2025TranscriptAI SummaryPPT REC
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Apr 2025TranscriptAI SummaryPPT
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Feb 2025TranscriptAI SummaryPPT
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Nov 2024Transcript PPT
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Jul 2024TranscriptAI SummaryPPT
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Apr 2024Transcript PPT REC
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Feb 2024TranscriptAI SummaryPPT
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Dec 2023TranscriptAI SummaryPPT
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Oct 2023Transcript PPT
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Oct 2023TranscriptAI SummaryPPT
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Aug 2023TranscriptAI SummaryPPT
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May 2023Transcript PPT
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Apr 2023TranscriptAI SummaryPPT
Project Portfolio
The company operates in the Real Estate Development, Construction, and Infrastructure sectors having a portfolio spanning residential townships, group housing, IT parks, hotels, commercial complexes, malls, service apartments, warehousing, and data centers. It has developed 9.96 Mn square feet (MSF) of real estate, including residential, commercial, and IT parks, and has a 6 MW operational data center capacity. [1] [2]