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Anant Raj

ANANTRAJ NSE
₹460.40 No trade today
P/E
28.31
View as Markdown
MCP
Close 4 Nov 2026 ₹460.40 −162.90 −26.1% 1Y
Start ₹623.30

Key Fundamentals

SmallcapRealtyConsumer Discretionary

Price-based figures as of · EPS basis: Consolidated · TTM

ROCE
12.10%
Debt to Equity
0.12
EPS (TTM)
₹16.26
Book Value
₹168.29
Market Cap
—
P/E (TTM)
28.31
P/B
2.74
ROE
11.20%
Dividend Yield
0.23%
EBITDA
₹723 Cr
52W High
₹649.00
52W Low
₹403.00
Volume
0

Peer Comparison

Consumer Discretionary › Realty › Residential Commercial Projects › Residential, Commercial Projects

Anant Raj peer comparison
DLF
₹720.0039.02₹1,76,861 Cr3.911.13%9.50%6.32%₹6,375 Cr₹4,567 Cr
Lodha Developers
₹1,122.0027.17₹1,09,477 Cr4.510.40%15.50%16.40%₹18,181 Cr₹4,129 Cr
Phoenix Mills
₹2,079.5058.10₹73,757 Cr8.170.12%11.00%12.40%₹4,545 Cr₹1,629 Cr
Prestige Estates Projects
₹1,580.0059.74₹67,457 Cr4.180.13%7.53%10.40%₹13,053 Cr₹1,265 Cr
Oberoi Realty
₹1,710.9023.64₹61,958 Cr3.260.24%14.60%17.30%₹6,214 Cr₹2,632 Cr
Godrej Properties
₹1,739.0032.73₹51,392 Cr2.710.60%8.82%7.63%₹5,203 Cr₹1,591 Cr
Brigade Enterprises
₹541.1025.40₹17,553 Cr2.470.38%10.50%10.50%₹5,532 Cr₹784 Cr
Anant Raj (this company)
₹460.4028.31₹16,149 Cr2.740.23%11.20%12.10%₹2,551 Cr₹580 Cr
Median 8 companies₹1,351.0030.52₹64,707 Cr3.590.31%10.75%11.30%₹5,873 Cr₹1,610 Cr

Comparable companies in the same industry. Market cap, P/E and P/B use the latest price; other metrics are as reported in filings. A dash means the figure is not published for that company.

Tapetide Score

Data-driven rating, 0–100, as of . How it works →

Overall score

47 Average

Data confidence 100/100

Category scores

Quality
29
Poor
Returns, margins, earnings quality 22% weight
Valuation
46
Average
Cheap vs sector & own history 24% weight
Growth
59
Good
Sales & profit trajectory 9% weight
Financial Health
88
Strong
Solvency, leverage, coverage 9% weight
Momentum
15
Poor
Trend strength, vol-adjusted 12% weight
Ownership
54
Average
FII/DII/promoter flows 24% weight

The Tapetide Score is data analysis, not investment advice. Tapetide is not a SEBI-registered research analyst or investment adviser.

Key Insights

Strengths

1
  • Company has delivered good profit growth of 120% CAGR over last 5 years

Weaknesses

3
  • Stock is trading at 3.18 times its book value
  • Company has a low return on equity of 10.2% over last 3 years.
  • Promoter holding has decreased over last 3 years: -5.88%

Technical Indicators

Technical signals: verdict and indicator counts
GroupSignalBearishNeutralBullish
OverallStrong Bearish1225
OscillatorsBullish324
Moving AveragesStrong Bearish901

Key readings

RSI (14)
29.93
Bullish
MACD (12,26,9)
−36.88
Bearish
SMA (50)
565.10
Bearish
SMA (200)
541.38
Bearish

As of

Analyst Rating

Based on 2 analysts
BUY100%

2 of 2 analysts rate Buy, 0 Hold, 0 Sell.

As of

BUY
2
100%
HOLD
0
0%
SELL
0
0%

Growth Rate

From the financial statements below. 10Y, 5Y, 3Y: compound annual growth to Mar 2026; 1Y: fiscal year to Mar 2026 against Mar 2025; TTM: four quarters to Jun 2026 against Jun 2025.

Revenue

Revenue growth by window
10Y+19.28%
5Y+58.64%
3Y+37.94%
1Y+21.94%
TTM+16.96%

Net profit

Net profit growth by window
10Y+23.09%
5Y+128.37%
3Y+55.38%
1Y+31.22%
TTM+25.81%

Operating cash flow

Operating cash flow growth by window
10YOutflow widened by ₹362 Cr
5YOutflow widened by ₹285 Cr
3YTurned negative
1YTurned negative
TTM—

TTM: Reported once a year, so there is no trailing-twelve-month figure.

Operating margin· change in pp

Operating margin growth by window
10Y−5.68 pp
5Y+12.11 pp
3Y+5.52 pp
1Y+2.23 pp
TTM+2.21 pp

Revenue by year

Revenue by year, ₹ crore
Mar 2017₹466 Cr
Mar 2018₹480 Cr
Mar 2019₹350 Cr
Mar 2020₹276 Cr
Mar 2021₹250 Cr
Mar 2022₹462 Cr
Mar 2023₹957 Cr
Mar 2024₹1,483 Cr
Mar 2025₹2,060 Cr
Mar 2026₹2,512 Cr

Net profit by year

Net profit by year, ₹ crore
Mar 2017₹76.00 Cr
Mar 2018₹66.00 Cr
Mar 2019₹40.00 Cr
Mar 2020₹24.00 Cr
Mar 2021₹9.00 Cr
Mar 2022₹53.00 Cr
Mar 2023₹149 Cr
Mar 2024₹271 Cr
Mar 2025₹426 Cr
Mar 2026₹559 Cr

Analyst Forecasts

Forecast For
Dec 26 consensus · EBITDA
₹257 Cr +19.1% vs Sep 26
Reported High Mean Low

AI News Digest

9h ago

TL;DR: Anant Raj is delivering solid financial performance with 13% profit growth, expanding EBITDA margins, and progressing on both real estate launches and data centre ambitions. The Orange Business partnership and 357 MW capacity target by FY32 underscore a strategic pivot toward digital infrastructure. Key risks are limited for now — the MoU carries no financial commitment yet, and data centre expansion is heavily concentrated at one campus. The trend is improving, with the Ashok Cloud demerger and new project launches providing near-term catalysts.

Positives 6
  • Q2 profit up 13%, margins expand Oct 28

    Consolidated net profit rose 13% YoY to ₹156.49 crore in Q2 FY27, with EBITDA margin expanding 330 bps to 29.9%. Profit growth was nearly 3x faster than revenue growth, signaling improved cost control.

  • RERA nod for Gurugram luxury project Oct 28

    Secured Haryana RERA certification for The Estate One luxury residential project in Gurugram's Sector 63A, with potential built-up area of approximately 1.22 million sq ft. Launch expected soon.

  • Orange Business & Haryana MoU signed Oct 7

    Anant Raj Cloud Singapore and Orange Business signed an MoU with Haryana government on Oct 6 to market cloud and data centre services globally and attract overseas data workloads to the state.

Neutral 2
  • MoU has no financial commitment Oct 07

    The Haryana MoU involves no financial consideration, no shareholding arrangement, and no joint venture. Commercial benefit would materialise only through incremental overseas customer onboarding over time.

  • Rai campus concentration risk noted Oct 07

    Over 65% of planned expansion capacity (~200 MW of ~307 MW disclosed for Haryana) is concentrated at the single Rai campus in Sonipat, highlighting geographic concentration in future growth plans.

Quarterly Results

₹ Cr
ANANTRAJ quarterly results, ₹ crore
Particulars Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
Sales
316
332
392
443
472
513
535
541
592
631
642
647
631
662
Expenses
257
252
302
338
369
400
401
398
442
463
472
479
448
464
Operating Profit
60
80
90
104
103
113
134
142
151
168
170
167
183
198
OPM %
19%
24%
23%
24%
22%
22%
25%
26%
25%
27%
26%
26%
29%
30%
Other Income
10
9
9
11
10
11
9
10
10
10
19
29
19
—
Interest
7
8
8
11
4
2
3
3
2
3
3
4
1
1
Depreciation
4
4
5
5
5
8
8
9
8
11
13
17
16
27
PBT
57
76
86
99
104
114
132
141
150
164
172
175
185
190
Tax %
16%
23%
19%
11%
14%
8%
17%
16%
17%
17%
17%
15%
21%
17%
Net Profit
50
60
71
84
91
106
110
119
126
138
144
149
149
156
EPS (₹)
1.56
1.85
2.22
2.29
2.66
3.09
3.23
3.46
3.67
4.02
4.01
4.07
4.16
—

Sep 2026: from the results filed on 28 Oct 2026, ahead of the full statement, so some rows are blank.

Profit & Loss

₹ Cr
ANANTRAJ profit and loss, annual, ₹ crore
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales
484
431
466
480
350
276
250
462
957
1,483
2,060
2,512
2,551
Expenses
233
295
325
370
274
224
214
386
760
1,149
1,568
1,856
1,862
Operating Profit
251
137
141
110
75
52
35
76
197
334
492
656
688
OPM %
52%
32%
30%
23%
22%
19%
14%
16%
21%
23%
24%
26%
27%
Other Income
8
24
29
49
15
10
20
39
48
37
40
67
77
Interest
55
46
54
55
28
15
31
27
32
35
11
12
11
Depreciation
28
27
27
26
22
18
17
17
17
18
30
49
57
PBT
175
87
88
79
40
29
8
72
197
319
491
662
697
Tax %
19%
27%
24%
23%
27%
42%
97%
32%
27%
17%
14%
16%
—
Net Profit
142
70
76
66
40
24
9
53
149
271
426
557
580
EPS (₹)
4.82
2.35
2.61
2.29
1.45
0.91
0.36
1.86
4.73
7.63
12.4
15.42
16.26
Div. Payout %
5%
10%
9%
10%
17%
9%
28%
6%
11%
10%
6%
0%
—

Balance Sheet

₹ Cr
ANANTRAJ balance sheet, annual, ₹ crore
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital
59
59
59
59
59
59
59
59
65
68
69
72
Reserves
4,075
4,058
4,187
4,128
2,442
2,426
2,440
2,580
2,760
3,588
4,092
5,717
Borrowings
1,356
1,489
1,721
2,600
1,591
1,691
1,663
1,283
1,079
627
482
681
Other Liabilities
601
643
726
686
509
412
448
463
452
585
592
399
Total Liabilities
6,091
6,249
6,692
7,473
4,602
4,588
4,611
4,385
4,357
4,868
5,235
6,869
Fixed Assets
2,555
380
2,627
2,789
1,351
1,342
1,326
1,310
1,305
1,314
1,367
1,793
CWIP
169
169
145
192
146
140
90
48
18
22
36
39
Investments
663
2,876
649
594
402
461
423
460
460
302
311
183
Other Assets
2,704
2,824
3,272
3,899
2,703
2,645
2,772
2,567
2,573
3,231
3,520
4,853
Total Assets
6,091
6,249
6,692
7,473
4,602
4,588
4,611
4,385
4,357
4,868
5,235
6,869

Cash Flow

₹ Cr
ANANTRAJ cash flow, annual, ₹ crore
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
249
−73
−127
−305
810
−84
−150
423
33
−26
253
−435
Investing
−123
−50
−33
−229
1,707
−5
85
31
−20
181
−147
−231
Financing
−82
109
193
675
−2,679
43
83
−461
2
116
−81
1,235
Net Cash Flow
43
−14
33
141
−162
−46
18
−7
15
271
25
569
Free Cash Flow
238
−44
−162
−544
1,352
−82
−118
466
−5
−55
177
−796
CFO/EBITDA
114
−42
−73
−263
1,088
−137
−403
588
43
9
66
−50

Ratios

ANANTRAJ financial ratios, annual
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days
71
82
87
80
65
95
64
17
20
25
22
26
Cash Conversion Cycle
71
82
87
80
65
95
64
17
20
25
22
26
Working Capital Days
772
708
877
1,113
1,522
1,946
2,638
1,191
659
480
323
346
ROCE %
4%
3%
2%
2%
1%
1%
1%
2%
6%
9%
11%
12%

Insights

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

Log in to view Anant Raj insights

65 extracted metrics across FY12–FY27.

Shareholding Pattern

As of Sep 2026

  • Promoters 57.42%
  • Public 17.29%
  • FIIs 10.95%
  • Others 9.78%
  • DIIs 4.55%

No promoter shares pledged as of Sep 2026

Change vs previous quarter

Not shown for some quarters: Others. Not available separately for this quarter: the shareholding filing gives Public and Others as one figure, shown under Public, so Others is left blank rather than estimated.

Documents

Frequently Asked Questions about Anant Raj

What does Anant Raj Ltd do?
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…
Where is Anant Raj Ltd (ANANTRAJ) listed?
Anant Raj Ltd trades as ANANTRAJ on the NSE and under code 515055 on the BSE.
Which sector does Anant Raj Ltd belong to?
Anant Raj Ltd is classified under the Realty sector, in the Residential Commercial Projects industry.
What is the PE ratio of Anant Raj Ltd?
Anant Raj Ltd trades at a PE ratio of 28.31 as of 4 Nov 2026, on earnings per share of ₹16.26, against a book value of ₹168.29 per share.
What is the 52-week high and low of Anant Raj Ltd?
Over the last 52 weeks Anant Raj Ltd has traded between ₹403 and ₹649 as of 4 Nov 2026.
Does Anant Raj Ltd pay dividends?
Anant Raj Ltd has a dividend yield of 0.23%.
What is the Return on Equity (ROE) of Anant Raj Ltd?
Anant Raj Ltd reported a return on equity of 11.20%. Its debt-to-equity ratio is 0.12.

Company Information

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.

Website anantrajlimited.com
CEO Mr. Aman Sarin
Listed 27 Sep 2006
Face Value ₹2

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