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10 Yrs X-Ray 
Valuation 
Analyst Note 
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About
Anant Raj Ltd (ANANTRAJ)
Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 515055 NSE: ANANTRAJ Construction - Real Estate | Small Cap | Anant Raj Share Price
₹447.80 -16.10 (-3.47%)
As on 30-Oct'26 16:59
Anant Raj Ltd (ANANTRAJ)
Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 515055 NSE: ANANTRAJ Construction - Real Estate | Small Cap | Anant Raj Share Price
₹447.80 -16.10 (-3.47%)
As on 30-Oct'26 16:59
Key Metrics
Valuation Multiples
Market Cap
₹16,115 Cr.
Current Price
₹447.8
52-Week Low / High
₹403 / 657
TTM EPS
₹16.6
TTM Sales
₹2,581 Cr.
Book Value per Share
₹168.3
P/E Ratio
26.98
Lower than its 5-year historical median
Industry PE
40.5
Price to Book (P/B)
2.66
Lower than its 5-year historical median
Price to Sales (P/S)
6.24
Lower than its 5-year historical median
EV/EBITDA
19.92
Lower than its 5-year historical median
Dividend Yield
0.22%
Profitability Efficiency
Return on Equity (ROE)
11.14%
Outperforms industry median
Return on Capital Employed (ROCE)
12.23%
Outperforms industry median
Return on Assets (ROA)
9.15%
Outperforms industry median
Operating Profit Margin
26.1%
Outperforms industry median
Net Profit Margin
22.04%
Outperforms industry median
Gross Profit Margin
28.3%
Outperforms industry median
Growth Momentum
1-yr vs 3-yr growth
1-yr vs 3-yr growth
Sales Growth (1 Year)
Slowing versus 3-year growth rate
21.4%
Operating Profit Growth (1 Year)
Slowing versus 3-year growth rate
33.36%
Net Profit Growth (1 Year)
Slowing versus 3-year growth rate
31.34%
Asset Quality
Promoter Holding
57.42%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹5,984 Cr.
Equity
₹72 Cr.
Face Value
₹2
All Time Low / High
₹0.35 / 947.25
Check Before You Invest
Quality
Not GoodValuation
Somewhat OvervaluedCheck Valuation charts
Price Trend
Weak
Is Anant Raj Ltd a good quality company?
Anant Raj Ltd is a weak quality company, based on a inconsistent multi-year financial track record.
This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.
We have analysed the performance of the company on the following:
-
How has it performed on generating Profits?
By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.
-
How efficiently has it utilized Capital?
By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.
-
How is it managing its Debt?
By checking its Debt to Equity and Cash Flow from Operations.
How does Anant Raj Ltd performance compare with that of its Peers?
Revenue growth of Anant Raj Ltd vs industry peers?
Anant Raj Ltd revenue CAGR is 58.68%, compared to the industry median CAGR of 0.00%, indicating faster growth and gaining its market share.
Promoter shareholding and pledge status of Anant Raj Ltd?
Promoters hold 57.42% of the Anant Raj Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Stock return of Anant Raj Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of 23.2% based on the current price.
10 Year X-Ray :
Analysis of Financial Track Record (Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end)
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year endData adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
What is a Financial Track Record? How to read this chart in order to understand the data present here?
Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Anant Raj Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good
Value Creation ⓘ
| Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % ⓘ | 2.2% | 1.5% | 1.2% | 1.3% | 1.4% | 2.3% | 4.3% | 4.8% | 6.7% | 7.9% | - |
| Value Creation Index ⓘ | -0.9 | -0.9 | -0.9 | -0.9 | -0.9 | -0.8 | -0.7 | -0.7 | -0.5 | -0.4 | - |
Growth Parameters ⓘ |
|||||||||||
| Sales ⓘ | 429 | 440 | 328 | 408 | 256 | 353 | 649 | 799 | 1,229 | 1,492 | 1,567 |
| Sales YoY Gr. | - | 2.4% | -25.3% | 24.4% | -37.2% | 37.7% | 83.7% | 23.1% | 53.8% | 21.4% | - |
| Adj EPS ⓘ | 2 | 1.3 | 1.1 | 0.9 | 0.7 | 1.9 | 3.3 | 3.8 | 6.4 | 8.3 | 8.7 |
| YoY Gr. | - | -37.8% | -14.2% | -16.5% | -25.3% | 177.9% | 74.1% | 15.5% | 67.9% | 29.9% | - |
| BVPS (₹) ⓘ | 139.9 | 140.5 | 83.4 | 82.8 | 83.6 | 84.4 | 85.2 | 99.6 | 107.9 | 140.7 | 144.1 |
| Adj Net Profit ⓘ | 60.2 | 37.5 | 32.2 | 27 | 20.1 | 55.9 | 107 | 130 | 219 | 298 | 315 |
| Cash Flow from Ops. ⓘ | -246 | -280 | 1,027 | 0.3 | -237 | 427 | 34.1 | -16.1 | 284 | -182 | - |
| Debt/CF from Ops. ⓘ | -6.6 | -8.1 | 1.5 | 6189.5 | -6.8 | 2.9 | 30 | -36.7 | 1.5 | -1.8 | - |
CAGR ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | 14.8% | 42.2% | 32% | 21.4% | ||||
| Adj EPS ⓘ | 16.9% | 64.9% | 36.1% | 29.9% | ||||
| BVPSⓘ | 0.1% | 11% | 18.2% | 30.4% | ||||
| Share Price | 23.5% | 46.6% | 24.1% | -30.5% | ||||
Key Financial Parameters ⓘ
| Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | 1.5 | 0.9 | 1 | 1.1 | 0.8 | 2.2 | 4 | 4.2 | 6.2 | 6.8 | 6.1 |
| Op. Profit Mgn % ⓘ | 28.1 | 21.9 | 20.5 | 14.1 | 19.8 | 15.9 | 16.6 | 12.7 | 17.4 | 20.9 | 22.6 |
| Net Profit Mgn % ⓘ | 14 | 8.5 | 9.8 | 6.6 | 7.8 | 15.8 | 16.4 | 16.3 | 17.8 | 20 | 20.1 |
| Debt to Equity ⓘ | 0.4 | 0.6 | 0.6 | 0.7 | 0.7 | 0.5 | 0.4 | 0.2 | 0.1 | 0.1 | 0 |
| Working Cap Days ⓘ | 2,729 | 3,031 | 3,725 | 2,485 | 3,971 | 2,791 | 1,444 | 1,175 | 767 | 704 | 274 |
| Cash Conv. Cycle ⓘ | 1,033 | 1,015 | 1,248 | 1,036 | 1,863 | 1,195 | 592 | 514 | 293 | 173 | 253 |
Valuation of Anant Raj - Consolidated
Analyst's Notes
No data found!
Management X-Ray
Shareholding Pattern
Promoter's Holding & Share Pledging
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
* Pledged shares as % of Promoter's holding (%)
Financials
| PARTICULARS | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 466 | 480 | 350 | 276 | 250 | 462 | 957 | 1,483 | 2,060 | 2,512 |
| Operating Expenses ⓘ + | 325 | 370 | 274 | 224 | 214 | 386 | 760 | 1,149 | 1,568 | 1,856 |
| Operating Profit ⓘ | 141 | 110 | 75 | 52 | 35 | 76 | 197 | 334 | 492 | 656 |
| Operating Profit Margin (%) | 30.2% | 23.0% | 21.6% | 19.0% | 14.2% | 16.4% | 20.6% | 22.5% | 23.9% | 26.1% |
| Other Income ⓘ + | 29 | 49 | 15 | 9 | 20 | 39 | 48 | 37 | 40 | 67 |
| Interest ⓘ | 55 | 55 | 28 | 15 | 31 | 27 | 32 | 35 | 11 | 12 |
| Depreciation ⓘ | 27 | 26 | 22 | 18 | 17 | 17 | 17 | 18 | 30 | 49 |
| Profit Before Tax ⓘ | 88 | 79 | 40 | 29 | 8 | 72 | 197 | 319 | 491 | 662 |
| Tax ⓘ | 21 | 18 | 11 | 12 | 7 | 23 | 52 | 54 | 69 | 108 |
| Profit After Tax | 67 | 60 | 29 | 17 | 0 | 48 | 144 | 265 | 422 | 554 |
| PAT Margin (%) | 14.3% | 12.5% | 8.4% | 6.1% | 0.1% | 10.5% | 15.1% | 17.8% | 20.5% | 22.0% |
| Adjusted EPS (₹) | 2.6 | 2.2 | 1.4 | 0.9 | 0.4 | 1.9 | 4.7 | 7.8 | 12.4 | 15.5 |
| Dividend Payout Ratio (%) | 9.20% | 10.70% | 17.10% | 8.80% | 27.70% | 6.50% | 10.70% | 9.40% | 5.90% | 6.50% |
| PARTICULARS | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | |||||||||||
| Shareholders Fund + | 4,246 | 4,187 | 2,501 | 2,485 | 2,500 | 2,515 | 2,822 | 3,657 | 4,162 | 5,782 | |
| Debt + | 1,393 | 2,159 | 1,321 | 1,385 | 1,499 | 968 | 909 | 476 | 416 | 580 | |
| Minority Interest | 114 | 43 | 41 | 39 | 37 | 35 | 33 | 28 | 28 | 30 | |
| Trade Payables | 8 | 8 | 4 | 2 | 7 | 6 | 14 | 19 | 20 | 46 | |
| Others Liabilities ⓘ | 879 | 1,076 | 734 | 676 | 569 | 860 | 578 | 688 | 608 | 431 | |
| Total Liabilities ⓘ | 6,639 | 7,473 | 4,602 | 4,588 | 4,611 | 4,385 | 4,357 | 4,868 | 5,235 | 6,869 | |
Fixed Assets | |||||||||||
| Net Fixed Assets ⓘ + | 387 | 557 | 39 | 43 | 43 | 40 | 49 | 71 | 116 | 438 | |
| CWIP ⓘ | 145 | 192 | 146 | 140 | 90 | 48 | 18 | 21 | 36 | 39 | |
| Investments ⓘ | 649 | 594 | 402 | 461 | 423 | 460 | 460 | 302 | 311 | 183 | |
| Inventories | 1,122 | 1,146 | 962 | 1,388 | 1,457 | 1,135 | 1,197 | 1,416 | 1,151 | 1,058 | |
| Trade Receivables | 111 | 105 | 62 | 72 | 44 | 22 | 51 | 100 | 126 | 179 | |
| Cash Equivalents | 135 | 266 | 65 | 18 | 37 | 31 | 69 | 321 | 346 | 911 | |
| Others Assets ⓘ | 4,090 | 4,613 | 2,926 | 2,466 | 2,517 | 2,649 | 2,511 | 2,637 | 3,149 | 4,060 | |
| Total Assets ⓘ | 6,639 | 7,473 | 4,602 | 4,588 | 4,611 | 4,385 | 4,357 | 4,868 | 5,235 | 6,869 | |
| PARTICULARS | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ + | -127 | -305 | 810 | -84 | -150 | 423 | 33 | -26 | 253 | -435 |
| Cash Flow From Investing Activity ⓘ + | -33 | -229 | 1,707 | -5 | 85 | 31 | -20 | 181 | -147 | -231 |
| Cash Flow From Financing Activity ⓘ | 193 | 675 | -2,679 | 43 | 83 | -461 | 2 | 116 | -81 | 1,235 |
| Net Proceeds from Shares ⓘ + | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 578 | 100 | 1,100 |
| Net Cash Flow ⓘ | 33 | 141 | -162 | -46 | 18 | -7 | 15 | 271 | 25 | 569 |
| PARTICULARS | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 |
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 1.6 | 1.43 | 0.88 | 0.67 | 0.01 | 1.93 | 5.41 | 8.16 | 10.78 | 11.14 |
| ROCE (%) | 2.46 | 2.09 | 1.25 | 1.07 | 0.92 | 2.44 | 5.84 | 8.63 | 11.26 | 12.23 |
| Asset Turnover Ratio | 0.07 | 0.07 | 0.06 | 0.06 | 0.05 | 0.1 | 0.22 | 0.32 | 0.41 | 0.42 |
| PAT to CFO Conversion(x) | -1.9 | -5.08 | 27.93 | -4.94 | N/A | 8.81 | 0.23 | -0.1 | 0.6 | -0.79 |
| Working Capital Days | ||||||||||
| Receivable Days | 81.60 | 82.10 | 87.10 | 88.40 | 84.20 | 25.80 | 13.90 | 18.60 | 20 | 22.10 |
| Inventory Days | 884.50 | 862.40 | 1,101 | 1,552.80 | 2,079.20 | 1,024 | 444.70 | 321.40 | 227.40 | 160.50 |
| Payable Days | 8.70 | 10.10 | 10.40 | 6.40 | 9 | 8.90 | 5.50 | 5.60 | 4.80 | 6.90 |
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Last Visited Stocks
Announcements
Annual reports
No annual reports available.
Concalls
No concalls available.
Anant Raj Ltd FAQs
The current trading price of Anant Raj on 30-Oct-2026 16:59 is ₹447.8.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 29-Oct-2026 the market cap of Anant Raj stood at ₹16,115.3 Cr
The latest P/E ratio of Anant Raj as of 29-Oct-2026 is 51.23.
The latest P/B ratio of Anant Raj as of 29-Oct-2026 is 3.11.
The 52-week high of Anant Raj is ₹657.4 and the 52-week low is ₹403.0.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Anant Raj is ₹1,567 ( Cr.) .
Past 10 year’s financial track record analysis by Moneyworks4me indicates that Anant Raj Ltd is a below average quality company.
The key valuation ratios of Anant Raj Ltd's currently when compared to its past seem to suggest it is in the Somewhat overvalued zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Anant Raj Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.
About Anant Raj Ltd
Anant Raj (ARL), founded in 1969, is one of India’s most enduring real estate institutions; a lineage that began long before the industry took formal shape. The name itself, drawn from Lala Anant Ram Sarin and Raj Kumari Sarin, reflects the brand’s core values of respect, resilience, and responsibility. For over decades, Anant Raj has moved from stewardship of land to shaping skylines and nurturing communities. Having delivered landmark residential, commercial, and IT infrastructure projects, the company currently stands at the forefront of India’s digital transformation with its pioneering data center developments. These facilities not only power businesses but also strengthen the nation’s digital economy. Led by its generations of visionaries, Anant Raj is more than a builder of structures; it is a custodian of legacy and a catalyst of progress. Every development, from homes to hyperscale data centers, embodies permanence, pride, and a timeless credibility that continues to define the brand.
The company is one of the most esteemed real estate developers & Data centre player in Delhi and the National Capital Region (NCR), with a legacy spanning over decades. Over the years, the Company has built a strong presence across real estate, Data Centre development and Cloud Services, construction and infrastructure sectors, underpinned by disciplined execution, strategic land acquisitions and an unwavering commitment to quality. ARL has developed a diversified portfolio comprising integrated township, group housing projects, commercial developments, hotels, serviced apartments, retail assets, warehousing facilities and data centres.
Business area of the company
The company is primarily engaged in the business of Construction and Development of Residential, Commercial, Hospitality, Affordable Housing, IT Parks, Data Centres and Cloud Services. The Company’s operations encompass the entire real estate development process, including land identification and acquisition, planning, execution, construction, and marketing of projects.
Awards
- 2025: Anant Raj Cloud was recognised as the ‘Best Cloud Infrastructure Provider 2025 - India and the Excellence Award in Cloud Infrastructure & Data Sovereignty 2025 at the Corporate Vision Technology Innovator Awards 2025.
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