Anant Raj Ltd.

•

anantrajlimited.comBSE: 515055NSE: ANANTRAJ

Market Cap₹ 21,558 Cr.

Current Price

High / Low₹ 744 / 403

Stock P/E70.0

Book Value₹ 143

Price to Book2.88

Dividend Yield0.17 %

ROCE7.9 %

ROE6.8 %

Face Value₹ 2

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ABOUT

KEY POINTS

Revenue Breakup Mar 2011 • Real Estate/Investment: 99.3% • Ceramic Tiles: 0.7%

AI Sector View

AI GENERATED

Realty

Buy

Housing and construction indicators remain supportive for real estate. The housing index reached 105 (Mar/26), residential property prices rose 4.21% (Mar/26), construction output was 5.4% (Jul/26), and cement output accelerated to 13.1% YoY (2026-07). Bank lending rates are steady at 8.96% (Aug/26) rather than easing, but FPI flows turned positive with INR 1999 crore net inflow over 3 months to 2026-08-31 from INR -7216 crore previously.

Confidence

75%

View full sector analysis →

PROS

Company has delivered good profit growth of 71.5% CAGR over last 5 years
Company is almost debt free
Company has delivered good sales growth of 42.2% CAGR over last 5 years
Company comfortably covers its interest (63.7x coverage)
Company generates healthy free cash flow
Company has a consistent dividend-paying track record

CONS

Operating cash flow has been negative in recent years
Company has a low return on capital employed of 6.4%
Company has a low return on equity of 5.7% over last 3 years
Promoter holding has decreased over last 2 years: -2.6pp
Poor cash conversion - profits are not backed by operating cash flow (CFO/PAT 0.13x)

* The pros and cons are machine generated based on quantitative rules.

Peer comparison

RealtyRealtyConstruction - Real Estate

Part ofNIFTY TOTAL MKT NIFTY REALTY NIFTY 500 NIFTY SMLCAP 250

S.No.	Name
1.	DLF	643.60	35.83	159311.06	1.24	793.90	-89.59	1280.34	-52.87	6.81	49.68
2.	LODHA	1113.00	26.96	111226.00	0.38	1373.10	103.39	4996.70	43.10	16.89	38.51
3.	PHOENIXLTD	1891.15	52.85	67642.25	0.13	394.51	22.95	1074.94	12.80	15.41	59.77
4.	PRESTIGE	1505.00	56.92	64824.90	0.13	271.40	-12.87	2675.10	15.94	11.51	31.75
5.	OBEROIRLTY	1747.40	24.16	63535.85	0.46	543.51	29.02	1300.89	31.73	17.69	56.75
6.	GODREJPROP	1745.00	32.85	52564.02	0.57	349.38	-41.61	506.17	16.48	8.37	-57.98
7.	ANANTRAJ	599.05	37.26	21558.43	0.17	149.19	18.50	631.40	6.58	12.23	29.53
8.	BRIGADE	638.90	30.00	20844.71	0.24	216.94	37.35	1115.55	-12.93	11.02	32.33
9.	ABREL	1284.65	108.49	14348.99	0.19	-34.59	-27.73	188.85	30.95	-4.54	-30.02
10.	SOBHA	1217.35	56.45	13020.02	0.49	50.85	273.37	1278.15	50.03	6.96	6.07
11.	SIGNATURE	762.15	10.27	10722.39	0.00	-16.53	-148.00	551.99	-36.24	34.77	-8.10
12.	MAXESTATES	560.60	793.00	9169.45	0.00	8.35	-30.00	51.91	0.86	2.05	15.65

Detailed Comparison with:

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	172	184	208	235	266	298	328	337	352	371	374	394	396
	146	153	175	224	223	247	273	273	283	292	300	304	309
Operating Profit	27	31	33	11	43	51	55	65	69	79	74	90	86
OPM %	15.44%	16.71%	16.02%	4.51%	16.27%	17.07%	16.86%	19.16%	19.58%	21.25%	19.86%	22.85%	21.81%
	16	18	21	43	18	18	19	18	19	17	27	16	19
Interest	4	5	5	4	1	1	1	1	1	1	2	1	1
Depreciation	4	4	4	4	4	4	4	4	4	4	5	4	4
Profit before Tax	35	40	46	46	57	65	69	78	83	91	95	101	105
Tax %	25.99%	28.63%	23.04%	11.64%	25.64%	17.35%	15.48%	16.01%	15.74%	18.15%	18.00%	23.54%	24.97%
Net Profit	26	28	35	41	42	53	58	65	70	74	78	77	79
	0.80	0.87	1.08	1.19	1.24	1.52	1.64	1.88	2.03	2.16	2.23	2.19	2.20

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
	429	440	328	408	256	353	649	799	1,229	1,492	1,535
	309	343	261	351	206	297	541	698	1,015	1,179	1,205
Operating Profit	121	96	67	57	51	56	108	101	214	312	329
OPM %	28.14%	21.94%	20.46%	14.08%	19.81%	15.87%	16.62%	12.67%	17.41%	20.93%	21.47%
	20	16	11	9	19	49	69	98	73	79	80
Interest	43	33	19	10	24	21	22	18	4	6	6
Depreciation	20	19	17	16	15	15	14	15	15	17	18
Profit before Tax	77	61	42	40	30	69	141	166	268	369	391
Tax %	22.26%	29.64%	22.47%	32.32%	33.64%	19.40%	24.40%	21.82%	18.24%	19.04%	21.34%
Net Profit	60	43	32	27	20	56	107	130	219	298	308
EPS	2.05	1.46	1.10	0.93	0.69	1.73	3.40	3.80	6.38	8.29	—
Dividend Payout %	11.76%	16.52%	21.82%	8.64%	14.67%	6.34%	15.20%	19.20%	11.43%	12.06%	—

COMPOUNDED SALES GROWTH

10 Years:: 14%
5 Years:: 42%
3 Years:: 32%

COMPOUNDED PROFIT GROWTH

10 Years:: 18%
5 Years:: 71%
3 Years:: 41%

STOCK PRICE CAGR

10 Years:: 26%
5 Years:: 53%
3 Years:: 40%
1 Year:: 13%

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 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	59	59	59	59	59	59	65	68	69	72
	4,069	4,085	2,401	2,386	2,409	2,432	2,697	3,336	3,634	4,990
	1,367	1,937	1,327	1,295	1,553	1,029	1,004	574	427	325
Trade Payables	8	9	4	1	4	3	2	1	5	6
	671	870	654	634	332	607	330	299	212	197
Total Liabilities	6,175	6,960	4,445	4,375	4,358	4,130	4,097	4,279	4,346	5,591
	299	299	17	15	14	13	15	14	17	27
Capital Work in Progress	133	180	143	136	86	41	3	20	24	36
	582	811	290	290	290	340	376	324	365	419
	1,116	1,142	958	1,224	1,266	979	1,063	1,046	720	553
	0	0	0	0	0	0	0	98	116	42
Cash & Bank	48	53	34	11	11	18	40	218	267	819
	3,997	4,475	3,003	2,699	2,690	2,738	2,601	2,559	2,836	3,695
Total Assets	6,175	6,960	4,445	4,375	4,358	4,130	4,097	4,279	4,346	5,591

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	-227	-270	1,037	13	-227	440	68	-16	284	-182
Cash from Investing	-7	-239	1,386	19	52	23	-32	87	-138	-212
Cash from Financing	264	529	-2,416	-41	185	-443	15	106	-96	950
	11	11	-4	-22	-0	7	17	176	49	556

Ratios

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026

Shareholding Pattern

Numbers in percentages

	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	60.00	60.00	60.00	60.16	60.12	60.12	57.41	57.41	57.42
	13.10	13.04	13.07	12.88	10.62	10.72	11.14	10.88	10.74
	6.51	6.69	6.71	6.57	6.22	5.82	5.14	4.83	4.60
Government	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	20.37	20.26	20.22	20.39	23.04	23.33	26.32	26.88	27.23

Documents

Corporate disclosures, annual reports, credit ratings, and concall transcripts

2026-09-08

Copy of Newspaper Publication

2026-09-08 - Anant Raj Limited has informed the Exchange about Copy of Newspaper Publication

2026-09-04

Spurt in Volume

2026-09-04 - Significant increase in volume has been observed in Anant Raj Limited. The Exchange, in order to ensure that investors have latest relevant information about the company and to inform the market place so that the interest of the investors is safeguarded, had written to the company. Anant Raj Limited has submitted their response.

2026-09-03

Spurt in Volume

2026-09-03 - Significant increase in volume has been observed in Anant Raj Limited. The Exchange, in order to ensure that investors have latest relevant information about the company and to inform the market place so that the interest of the investors is safeguarded, has written to the company. The response from the company is awaited.

2026-08-20

Updates

2026-08-20 - Anant Raj Limited has informed the Exchange regarding 'Receipt of RERA Registration Certificate'.

2026-08-19

Analysts/Institutional Investor Meet/Con. Call Updates

2026-08-19 - Anant Raj Limited has informed the Exchange about Schedule of meet

2026-08-11

Investor Presentation

2026-08-11 - Anant Raj Limited has informed the Exchange about Investor Presentation

2026-08-10

Copy of Newspaper Publication

2026-08-10 - Anant Raj Limited has informed the Exchange about Copy of Newspaper Publication

2026-08-09

Shareholders meeting

2026-08-09 - Anant Raj Limited has submitted the Exchange a copy Srutinizers report of Annual General Meeting held on August 07, 2026

2026-08-08

Monitoring Agency Report

2026-08-08 - Monitoring Agency Report for the quarter ended June 30, 2026

News

Recent coverage and analyst commentary for ANANTRAJ

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AI Stock Analyst

Anant Raj Ltd.

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Free 5nance Account

Name

DLF

643.60

35.83

159311.06

1.24

793.90

-89.59

1280.34

-52.87

6.81

49.68

LODHA

1113.00

26.96

111226.00

0.38

1373.10

103.39

4996.70

43.10

16.89

38.51

PHOENIXLTD

1891.15

52.85

67642.25

0.13

394.51

22.95

1074.94

12.80

15.41

59.77

PRESTIGE

1505.00

56.92

64824.90

0.13

271.40

-12.87

2675.10

15.94

11.51

31.75

OBEROIRLTY

1747.40

24.16

63535.85

0.46

543.51

29.02

1300.89

31.73

17.69

56.75

GODREJPROP

1745.00

32.85

52564.02

0.57

349.38

-41.61

506.17

16.48

8.37

-57.98

ANANTRAJ

599.05

37.26

21558.43

0.17

149.19

18.50

631.40

6.58

12.23

29.53

BRIGADE

638.90

30.00

20844.71

0.24

216.94

37.35

1115.55

-12.93

11.02

32.33

ABREL

1284.65

108.49

14348.99

0.19

-34.59

-27.73

188.85

30.95

-4.54

-30.02

SOBHA

1217.35

56.45

13020.02

0.49

50.85

273.37

1278.15

50.03

6.96

6.07

SIGNATURE

762.15

10.27

10722.39

0.00

-16.53

-148.00

551.99

-36.24

34.77

-8.10

MAXESTATES

560.60

793.00

9169.45

0.00

8.35

-30.00

51.91

0.86

2.05

15.65

Jun 2023

Sep 2023

Dec 2023

Mar 2024

Jun 2024

Sep 2024

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Jun 2026

172

184

208

235

266

298

328

337

352

371

374

394

396

146

153

175

224

223

247

273

283

292

300

304

309

Operating Profit

OPM %

15.44%

16.71%

16.02%

4.51%

16.27%

17.07%

16.86%

19.16%

19.58%

21.25%

19.86%

22.85%

21.81%

Interest

Depreciation

Profit before Tax

101

105

Tax %

25.99%

28.63%

23.04%

11.64%

25.64%

17.35%

15.48%

16.01%

15.74%

18.15%

18.00%

23.54%

24.97%

Net Profit

0.80

0.87

1.08

1.19

1.24

1.52

1.64

1.88

2.03

2.16

2.23

2.19

2.20

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

TTM

429

440

328

408

256

353

649

799

1,229

1,492

1,535

309

343

261

351

206

297

541

698

1,015

1,179

1,205

Operating Profit

121

108

101

214

312

329

OPM %

28.14%

21.94%

20.46%

14.08%

19.81%

15.87%

16.62%

12.67%

17.41%

20.93%

21.47%

Interest

Depreciation

Profit before Tax

141

166

268

369

391

Tax %

22.26%

29.64%

22.47%

32.32%

33.64%

19.40%

24.40%

21.82%

18.24%

19.04%

21.34%

Net Profit

107

130

219

298

308

EPS

2.05

1.46

1.10

0.93

0.69

1.73

3.40

3.80

6.38

8.29

—

Dividend Payout %

11.76%

16.52%

21.82%

8.64%

14.67%

6.34%

15.20%

19.20%

11.43%

12.06%

—

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

Equity Capital

4,069

4,085

2,401

2,386

2,409

2,432

2,697

3,336

3,634

4,990

1,367

1,937

1,327

1,295

1,553

1,029

1,004

574

427

325

Trade Payables

671

870

654

634

332

607

330

299

212

197

Total Liabilities

6,175

6,960

4,445

4,375

4,358

4,130

4,097

4,279

4,346

5,591

299

Capital Work in Progress

133

180

143

136

582

811

290

340

376

324

365

419

1,116

1,142

958

1,224

1,266

979

1,063

1,046

720

553

116

Cash & Bank

218

267

819

3,997

4,475

3,003

2,699

2,690

2,738

2,601

2,559

2,836

3,695

Total Assets

6,175

6,960

4,445

4,375

4,358

4,130

4,097

4,279

4,346

5,591

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

-227

-270

1,037

-227

440

-16

284

-182

Cash from Investing

-7

-239

1,386

-32

-138

-212

Cash from Financing

264

529

-2,416

-41

185

-443

106

-96

950

-4

-22

-0

176

556

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

Jun 2024

Sep 2024

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Jun 2026

60.00

60.16

60.12

57.41

57.42

13.10

13.04

13.07

12.88

10.62

10.72

11.14

10.88

10.74

6.51

6.69

6.71

6.57

6.22

5.82

5.14

4.83

4.60

Government

0.00

20.37

20.26

20.22

20.39

23.04

23.33

26.32

26.88

27.23

Anant Raj Ltd.

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

News

Sign in to Chat with AI

Anant Raj Ltd.

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

News

Sign in to Chat with AI