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 ₹ 16,097 Cr.
- Current Price ₹ 447
- High / Low ₹ 657 / 403
- Stock P/E 51.2
- Book Value ₹ 144
- Dividend Yield 0.22 %
- ROCE 7.88 %
- ROE 6.81 %
- Face Value ₹ 2.00
Pros
- Company has reduced debt.
- Company is almost debt free.
- Company has delivered good profit growth of 71.5% CAGR over last 5 years
Cons
- Stock is trading at 3.10 times its book value
- Company has a low return on equity of 5.88% over last 3 years.
- Promoter holding has decreased over last 3 years: -5.88%
* 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 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 430 | 396 | 429 | 440 | 328 | 408 | 256 | 353 | 649 | 799 | 1,229 | 1,492 | 1,567 | |
| 211 | 279 | 308 | 343 | 261 | 351 | 206 | 297 | 541 | 698 | 1,015 | 1,179 | 1,213 | |
| Operating Profit | 219 | 118 | 121 | 96 | 67 | 57 | 51 | 56 | 108 | 101 | 214 | 312 | 353 |
| OPM % | 51% | 30% | 28% | 22% | 20% | 14% | 20% | 16% | 17% | 13% | 17% | 21% | 23% |
| 7 | 17 | 20 | 16 | 11 | 9 | 19 | 49 | 69 | 98 | 73 | 79 | 79 | |
| Interest | 49 | 35 | 43 | 33 | 19 | 10 | 24 | 21 | 22 | 18 | 4 | 6 | 5 |
| Depreciation | 21 | 20 | 20 | 19 | 17 | 16 | 15 | 15 | 14 | 15 | 15 | 17 | 18 |
| Profit before tax | 156 | 79 | 77 | 61 | 42 | 40 | 30 | 69 | 141 | 166 | 268 | 369 | 409 |
| Tax % | 20% | 28% | 22% | 30% | 22% | 32% | 34% | 19% | 24% | 22% | 18% | 19% | |
| 125 | 57 | 60 | 43 | 32 | 27 | 20 | 56 | 107 | 130 | 219 | 298 | 315 | |
| EPS in Rs | 4.24 | 1.95 | 2.04 | 1.45 | 1.10 | 0.93 | 0.68 | 1.89 | 3.29 | 3.80 | 6.38 | 8.29 | 8.74 |
| Dividend Payout % | 6% | 12% | 12% | 17% | 22% | 9% | 15% | 6% | 15% | 19% | 11% | 12% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 14% |
| 5 Years: | 42% |
| 3 Years: | 32% |
| TTM: | 13% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 15% |
| 5 Years: | 72% |
| 3 Years: | 41% |
| TTM: | 18% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 31% |
| 5 Years: | 47% |
| 3 Years: | 24% |
| 1 Year: | -31% |
| Return on Equity | |
|---|---|
| 10 Years: | 3% |
| 5 Years: | 5% |
| 3 Years: | 6% |
| Last Year: | 7% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | Sep 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 59 | 59 | 59 | 59 | 59 | 59 | 59 | 59 | 65 | 68 | 69 | 72 | 72 |
| Reserves | 3,976 | 3,957 | 4,069 | 4,085 | 2,401 | 2,386 | 2,409 | 2,552 | 2,697 | 3,336 | 3,634 | 4,990 | 5,114 |
| 1,244 | 1,385 | 1,619 | 2,264 | 1,584 | 1,598 | 1,614 | 1,229 | 1,021 | 589 | 421 | 323 | 304 | |
| 376 | 406 | 479 | 551 | 401 | 332 | 276 | 289 | 315 | 286 | 224 | 206 | 198 | |
| Total Liabilities | 5,655 | 5,807 | 6,227 | 6,960 | 4,445 | 4,375 | 4,358 | 4,130 | 4,097 | 4,279 | 4,346 | 5,591 | 5,689 |
| 1,953 | 300 | 2,020 | 2,007 | 1,185 | 1,170 | 1,157 | 1,144 | 1,134 | 1,121 | 1,124 | 1,133 | 1,121 | |
| CWIP | 158 | 158 | 133 | 180 | 143 | 136 | 86 | 41 | 3 | 20 | 24 | 36 | 46 |
| Investments | 498 | 2,300 | 582 | 811 | 290 | 290 | 290 | 340 | 376 | 324 | 365 | 419 | 489 |
| 3,046 | 3,049 | 3,492 | 3,962 | 2,826 | 2,778 | 2,824 | 2,605 | 2,585 | 2,814 | 2,833 | 4,003 | 4,033 | |
| Total Assets | 5,655 | 5,807 | 6,227 | 6,960 | 4,445 | 4,375 | 4,358 | 4,130 | 4,097 | 4,279 | 4,346 | 5,591 | 5,689 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 382 | -12 | -246 | -280 | 1,027 | 0 | -237 | 427 | 34 | -16 | 284 | -182 | |
| -260 | -120 | -7 | -239 | 1,386 | 19 | 52 | 23 | -32 | 87 | -138 | -212 | |
| -81 | 93 | 264 | 529 | -2,416 | -41 | 185 | -443 | 15 | 106 | -96 | 950 | |
| Net Cash Flow | 41 | -40 | 11 | 11 | -4 | -22 | -0 | 7 | 17 | 176 | 49 | 556 |
| Free Cash Flow | 226 | -21 | -225 | -346 | 1,327 | 6 | -203 | 471 | 10 | -34 | 273 | -209 |
| CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit | 189% | -1% | -187% | -277% | 1,542% | 23% | -446% | 786% | 64% | 20% | 156% | -36% |
Ratios
Standalone / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 79 | 88 | 91 | 84 | 68 | 73 | 76 | 22 | 26 | 45 | 35 | 10 |
| Inventory Days | ||||||||||||
| Days Payable | ||||||||||||
| Cash Conversion Cycle | 79 | 88 | 91 | 84 | 68 | 73 | 76 | 22 | 26 | 45 | 35 | 10 |
| Working Capital Days | 906 | 853 | 1,036 | 1,278 | 1,673 | 1,206 | 2,570 | 1,425 | 857 | 697 | 393 | 354 |
| ROCE % | 4% | 3% | 2% | 2% | 1% | 1% | 1% | 2% | 4% | 5% | 7% | 8% |
Insights
In beta| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|
| Land Bank acres |
|
||||||||
| Cumulative Completed Real Estate Projects msf |
|||||||||
| Ongoing and Planned Residential Saleable Area msf |
|||||||||
| Operational Data Center IT Load Capacity MW |
|||||||||
| Real Estate Pre-sales/Bookings INR Crore |
|||||||||
| Commercial Leasable Area msf |
|||||||||
Extracted by Screener AI
Documents
Announcements
- Announcement Under Regulation 30 (LODR) - Analyst/Investor Meet-Intimation
- Announcement under Regulation 30 (LODR)-Newspaper Publication
- Announcement under Regulation 30 (LODR)-Investor Presentation
-
Announcement under Regulation 30 (LODR)-Monitoring Agency Report
- Monitoring agency report for Q2 FY27 QIP ₹1,100 crore; utilisation ₹526.52 crore, no deviations.
-
Results-Financial Results (Standalone And Consolidated) For The Quarter And Half Year Ended September 30, 2026
- Board approved Q2 FY27 results; MoU with Haryana, RERA for The Estate One, cloud target 357 MW.
Annual reports
-
Annual Report 2026
from bse
-
Annual Report 2025
from bse
-
Annual Report 2024
from bse
-
Annual Report 2023
from bse
-
Annual Report 2022
from bse
-
Annual Report 2021
from bse
-
Annual Report 2020
from bse
-
Annual Report 2019
from bse
-
Annual Report 2018
from bse
-
Annual Report 2017
from bse
-
Annual Report 2016
from bse
-
Annual Report 2015
from bse
-
Annual Report 2014
from bse
-
Annual Report 2013
from bse
-
Annual Report 2013
from nse
Concalls
-
Oct 2026PPT
-
Aug 2026PPT
-
May 2026PPT
-
Jan 2026PPT
-
Jan 2026PPT
-
Nov 2025Transcript PPT REC
-
Jul 2025PPT REC
-
Apr 2025PPT
-
Feb 2025PPT
-
Nov 2024Transcript PPT
-
Jul 2024PPT
-
Apr 2024Transcript PPT REC
-
Feb 2024PPT
-
Dec 2023PPT
-
Oct 2023Transcript PPT
-
Oct 2023PPT
-
Aug 2023PPT
-
May 2023Transcript PPT
-
Apr 2023PPT
Project Portfolio:[1] [2]
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 centres. It has developed 11.3 Mn square feet (MSF) of real estate, including residential, commercial, and IT parks, and has a 28 MW operational data centre capacity.