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 ₹ 19,835 Cr.
- Current Price ₹ 551
- High / Low ₹ 929 / 366
- Stock P/E 40.2
- Book Value ₹ 128
- Dividend Yield 0.13 %
- ROCE 11.2 %
- ROE 10.9 %
- Face Value ₹ 2.00
Pros
- Company has delivered good profit growth of 73.9% CAGR over last 5 years
Cons
- Stock is trading at 4.30 times its book value
- Promoter holding has decreased over last quarter: -2.77%
- Company has a low return on equity of 8.50% 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 SmallCap BSE Realty Nifty Realty
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 483 | 484 | 431 | 466 | 480 | 350 | 276 | 250 | 462 | 957 | 1,483 | 2,060 | 2,298 | |
| 342 | 233 | 295 | 325 | 370 | 274 | 224 | 214 | 386 | 760 | 1,149 | 1,568 | 1,704 | |
| Operating Profit | 141 | 251 | 137 | 141 | 110 | 75 | 52 | 35 | 76 | 197 | 334 | 492 | 594 |
| OPM % | 29% | 52% | 32% | 30% | 23% | 22% | 19% | 14% | 16% | 21% | 23% | 24% | 26% |
| 18 | 8 | 24 | 29 | 49 | 15 | 10 | 20 | 39 | 48 | 37 | 40 | 40 | |
| Interest | 19 | 55 | 46 | 54 | 55 | 28 | 15 | 31 | 27 | 32 | 35 | 11 | 11 |
| Depreciation | 15 | 28 | 27 | 27 | 26 | 22 | 18 | 17 | 17 | 17 | 18 | 30 | 35 |
| Profit before tax | 125 | 175 | 87 | 88 | 79 | 40 | 29 | 8 | 72 | 197 | 319 | 491 | 587 |
| Tax % | 17% | 19% | 27% | 24% | 23% | 27% | 42% | 97% | 32% | 27% | 17% | 14% | |
| 100 | 142 | 70 | 76 | 66 | 40 | 24 | 9 | 53 | 149 | 271 | 426 | 493 | |
| EPS in Rs | 3.40 | 4.82 | 2.35 | 2.61 | 2.29 | 1.45 | 0.91 | 0.36 | 1.86 | 4.73 | 7.63 | 12.40 | 14.38 |
| Dividend Payout % | 7% | 5% | 10% | 9% | 10% | 17% | 9% | 28% | 6% | 11% | 10% | 6% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 16% |
| 5 Years: | 49% |
| 3 Years: | 65% |
| TTM: | 26% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 12% |
| 5 Years: | 74% |
| 3 Years: | 98% |
| TTM: | 42% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 38% |
| 5 Years: | 83% |
| 3 Years: | 70% |
| 1 Year: | -39% |
| Return on Equity | |
|---|---|
| 10 Years: | 4% |
| 5 Years: | 6% |
| 3 Years: | 9% |
| Last Year: | 11% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| 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 | 3,944 | 4,075 | 4,058 | 4,187 | 4,128 | 2,442 | 2,426 | 2,440 | 2,580 | 2,760 | 3,588 | 4,092 | 4,331 |
| 1,384 | 1,356 | 1,489 | 1,721 | 2,600 | 1,591 | 1,691 | 1,663 | 1,283 | 1,079 | 627 | 482 | 563 | |
| 760 | 601 | 643 | 726 | 686 | 509 | 412 | 448 | 463 | 452 | 585 | 592 | 483 | |
| Total Liabilities | 6,147 | 6,091 | 6,249 | 6,692 | 7,473 | 4,602 | 4,588 | 4,611 | 4,385 | 4,357 | 4,868 | 5,235 | 5,446 |
| 2,680 | 2,555 | 380 | 2,627 | 2,789 | 1,351 | 1,342 | 1,326 | 1,310 | 1,305 | 1,314 | 1,367 | 1,489 | |
| CWIP | 61 | 169 | 169 | 145 | 192 | 146 | 140 | 90 | 48 | 18 | 22 | 36 | 31 |
| Investments | 550 | 663 | 2,876 | 649 | 594 | 402 | 461 | 423 | 460 | 460 | 302 | 311 | 313 |
| 2,856 | 2,704 | 2,824 | 3,272 | 3,899 | 2,703 | 2,645 | 2,772 | 2,567 | 2,573 | 3,231 | 3,520 | 3,612 | |
| Total Assets | 6,147 | 6,091 | 6,249 | 6,692 | 7,473 | 4,602 | 4,588 | 4,611 | 4,385 | 4,357 | 4,868 | 5,235 | 5,446 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 339 | 249 | -73 | -127 | -305 | 810 | -84 | -150 | 423 | 33 | -26 | 97 | |
| -87 | -123 | -50 | -33 | -229 | 1,707 | -5 | 85 | 31 | -20 | 181 | -72 | |
| -267 | -82 | 109 | 193 | 675 | -2,679 | 43 | 83 | -461 | 2 | 116 | 1 | |
| Net Cash Flow | -15 | 43 | -14 | 33 | 141 | -162 | -46 | 18 | -7 | 15 | 271 | 25 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| 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 | 55 | 71 | 82 | 87 | 80 | 65 | 95 | 64 | 17 | 20 | 25 | 22 |
| Inventory Days | ||||||||||||
| Days Payable | ||||||||||||
| Cash Conversion Cycle | 55 | 71 | 82 | 87 | 80 | 65 | 95 | 64 | 17 | 20 | 25 | 22 |
| Working Capital Days | 669 | 772 | 708 | 877 | 1,113 | 1,522 | 1,946 | 2,638 | 1,191 | 659 | 480 | 323 |
| ROCE % | 3% | 4% | 3% | 2% | 2% | 1% | 1% | 1% | 2% | 6% | 9% | 11% |
Documents
Announcements
- Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 49m
- Closure of Trading Window 31 Dec
-
Board Meeting Intimation for Financial Results
31 Dec - Board meeting Jan 21, 2026 to approve unaudited Q3/9M results (Dec 31, 2025); trading window closed Jan 1.
-
Report On Action Taken Under The Special Window For Re-Lodgement Of Transfer Requests For The Month Of November, 2025
18 Dec - No share re-lodgement requests processed in November 2025 under SEBI special window.
-
Announcement under Regulation 30 (LODR)-Acquisition
26 Nov 2025 - Two WOS acquired 100% in Blessed Landbase LLP for Rs.20,000; LLP July 10, 2024; FY24-25 turnover nil.
Annual reports
-
Financial Year 2025
from bse
-
Financial Year 2024
from bse
-
Financial Year 2023
from bse
-
Financial Year 2022
from bse
-
Financial Year 2021
from bse
-
Financial Year 2020
from bse
-
Financial Year 2019
from bse
-
Financial Year 2018
from bse
-
Financial Year 2017
from bse
-
Financial Year 2016
from bse
-
Financial Year 2015
from bse
-
Financial Year 2014
from bse
-
Financial Year 2013
from bse
-
Financial Year 2013
from nse
-
Financial Year 2012
from bse
Concalls
-
Nov 2025Transcript PPT REC
-
Jul 2025TranscriptAI SummaryPPT REC
-
Apr 2025TranscriptAI SummaryPPT
-
Feb 2025TranscriptAI SummaryPPT
-
Nov 2024Transcript PPT
-
Jul 2024TranscriptAI SummaryPPT
-
Apr 2024Transcript PPT REC
-
Feb 2024TranscriptAI SummaryPPT
-
Dec 2023TranscriptAI SummaryPPT
-
Oct 2023Transcript PPT
-
Oct 2023TranscriptAI SummaryPPT
-
Aug 2023TranscriptAI SummaryPPT
-
May 2023Transcript PPT
-
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]