MarketFriction

Anant Raj Ltd

NSE ANANTRAJ · BSE 515055 · Residential, Commercial Projects
₹577.85 -3.51%
NSE close2026-10-01
52 week range403.00 - 743.65
Market cap₹21,675 Cr.
P/E37.5
Results 28-10 Nifty 500Nifty Smallcap 100Smallcap 250Nifty Realty Price band 20% Delivery 39.9%

Price

Drag to pan, scroll or pinch to zoom. Ruler (or Shift + drag) measures a move.Dashed lines: 52 week high and low. Prices adjusted for splits and bonuses.

Financials

Consolidated, Rs crore
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales332392443472513535541592631642647631
Expenses252302338369400401398442463472479448
Operating Profit8090104103113134142151168170167183
OPM %24%23%24%22%22%25%26%25%27%26%26%29%
Other Income991110119101010192919
Interest8811423323341
Depreciation4555889811131716
Profit before tax768699104114132141150164172175185
Tax %23%19%11%14%8%17%16%17%17%17%15%21%
Net Profit60718491106110119126138144149149
EPS in Rs1.852.222.292.663.093.233.463.674.024.014.074.16
Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales4314664803502762504629571,4832,0602,5122,551
Expenses2953253702742242143867601,1491,5681,8561,862
Operating Profit13714111075523576197334492656688
OPM %32%30%23%22%19%14%16%21%23%24%26%27%
Other Income242949151020394837406777
Interest465455281531273235111211
Depreciation272726221817171718304957
Profit before tax8788794029872197319491662697
Tax %27%24%23%27%42%97%32%27%17%14%16%
Net Profit7076664024953149271426559580
EPS in Rs2.352.612.291.450.910.361.864.737.6312.4015.4216.26
Dividend Payout %10%9%10%17%9%28%6%11%10%6%0%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth19%59%38%17%
Compounded Profit Growth21%120%54%26%
Stock Price CAGR35%51%40%-14%
Return on Equity5%8%10%11%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital595959595959595965686972
Reserves4,0754,0584,1874,1282,4422,4262,4402,5802,7603,5884,0925,717
Borrowings1,3561,4891,7212,6001,5911,6911,6631,2831,079627482681
Other Liabilities601643726686509412448463452585592399
Total Liabilities6,0916,2496,6927,4734,6024,5884,6114,3854,3574,8685,2356,869
Fixed Assets2,5553802,6272,7891,3511,3421,3261,3101,3051,3141,3671,793
CWIP169169145192146140904818223639
Investments6632,876649594402461423460460302311183
Other Assets2,7042,8243,2723,8992,7032,6452,7722,5672,5733,2313,5204,853
Total Assets6,0916,2496,6927,4734,6024,5884,6114,3854,3574,8685,2356,869
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity249-73-127-305810-84-15042333-26253-435
Cash from Investing Activity-123-50-33-2291,707-58531-20181-147-231
Cash from Financing Activity-82109193675-2,6794383-4612116-811,235
Net Cash Flow43-1433141-162-4618-71527125569
Free Cash Flow238-44-162-5441,352-82-118466-5-55177-796
CFO/OP114%-42%-73%-263%1,088%-137%-403%588%43%9%66%-50%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days718287806595641720252226
Inventory Days
Days Payable
Cash Conversion Cycle718287806595641720252226
Working Capital Days7727088771,1131,5221,9462,6381,191659480323346
ROCE %4%3%2%2%1%1%1%2%6%9%11%12%
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters63.31%63.30%60.01%60.01%60.01%60.01%60.16%60.12%60.12%57.41%57.41%57.43%
FIIs9.51%8.96%11.52%13.10%13.04%13.07%12.88%10.62%10.72%11.14%10.88%10.74%
DIIs1.66%1.60%3.63%6.51%6.69%6.71%6.57%6.22%5.82%5.20%4.83%4.60%
Public25.53%26.14%24.83%20.36%20.26%20.21%20.38%23.04%23.32%26.26%26.89%27.22%
No. of Shareholders50,95657,85863,83274,1611,16,8911,56,5682,12,0342,57,8662,91,1653,35,1753,68,3503,75,155

Fundamentals

Market Cap₹ 21,675 Cr.
Current Price₹ 602
Stock P/E37.5
Book Value₹ 161
ROCE12.1 %
ROE11.2 %
Dividend Yield0.17 %
Face Value₹ 2.00
Compounded Sales Growth (TTM)17%
Compounded Profit Growth (TTM)26%
Consolidated figures.
Valuation
Market capRs 20,795 Cr
Enterprise valueRs 20,565 Cr
P/E (TTM)35.94x
Price to book3.59x
Price to sales8.15x
EV / EBITDA26.87x
EV / EBIT29.04x
EV / sales8.06x
Earnings yield2.78%
P/E, 3-year average35.59x
P/B, 3-year average3.16x
P/E, 5-year average33.61x
P/B, 5-year average2.33x
Profitability
Operating margin (excl. other income)26.11%
Operating margin (incl. other income)28.79%
EBITDA margin30.00%
Pre-tax margin27.32%
Net profit margin22.69%
Net margin, latest quarter23.70%
ROE11.15%
ROCE12.14%
ROA9.17%
ROE, 3-year average10.03%
ROCE, 3-year average10.67%
ROA, 3-year average7.75%
ROE, 5-year average7.57%
ROCE, 5-year average8.06%
ROA, 5-year average5.59%
ROIC (approx.)10.66%
Tax rate16.36%
Other income / net worth1.17%
Growth
Sales growth (latest year)21.92%
Profit growth (latest year)30.39%
Sales CAGR, 3 years37.94%
Sales CAGR, 5 years58.68%
Profit CAGR, 3 years53.56%
Profit CAGR, 5 years120.48%
Sales growth QoQ-2.38%
Profit growth QoQ2.07%
Sales growth YoY (latest quarter)6.58%
Profit growth YoY (latest quarter)18.88%
Per share
EPS (TTM)Rs 16.08
EPS (latest year)Rs 15.42
EPS (latest quarter)Rs 4.16
EPS, 3-year averageRs 11.82
EPS, 5-year averageRs 8.41
Book value per shareRs 160.85
Sales per shareRs 70.87
Cash flow per shareRs -12.08
Free cash flow per shareRs -22.12
Dividend per share, 3-year averageRs 0.73
Dividend per share, 5-year averageRs 0.52
Dividends
Dividend payout, 3-year average7.73%
Dividend payout, 5-year average8.12%
Efficiency
Asset turnover0.37x
Fixed asset turnover1.40x
Inventory turnover1.67x
Inventory days218 days
Debtor days26 days
Debtors turnover14.07x
Cash conversion cycle26 days
Working capital days346 days
Leverage
Total debtRs 681 Cr
Cash and bankRs 911 Cr
Net debtRs -231 Cr
Debt to equity0.12x
Net debt / EBITDA-0.30x
Interest coverage63.33x
Current ratio (filing 2026-03-31)9.75x
Quick ratio (filing 2026-03-31)6.94x
Trade payables (filing 2026-03-31)Rs 46 Cr
Owners' fund to total sources84.28%
Debt to assets9.91%
Cash flow
Cash from Operating Activity (latest year)Rs -435 Cr
Cash from Investing Activity (latest year)Rs -231 Cr
Cash from Financing Activity (latest year)Rs 1,235 Cr
Net Cash Flow (latest year)Rs 569 Cr
Free cash flow (latest year)Rs -796 Cr
FCFE (approx.: FCF + change in debt)Rs -597 Cr
Cash from ops / profit, 5 years0.17x
Statement figures
Net sales (TTM)Rs 2,551 Cr
Net sales (latest year)Rs 2,512 Cr
Sales (latest quarter)Rs 631 Cr
Operating profit excl. other income (latest year)Rs 656 Cr
Operating profit (latest quarter)Rs 183 Cr
Other income (TTM)Rs 77 Cr
EBITDA (TTM)Rs 765 Cr
PBDT (TTM)Rs 754 Cr
Profit before tax (TTM)Rs 697 Cr
Tax (latest year)Rs 108 Cr
Net profit (TTM)Rs 579 Cr
Net profit (latest year)Rs 555 Cr
Net profit (latest quarter)Rs 150 Cr
Depreciation (TTM)Rs 57 Cr
Depreciation (latest quarter)Rs 16 Cr
Interest (TTM)Rs 11 Cr
Cost of goods sold (latest year)Rs 1,768 Cr
Total expenditure (latest year)Rs 1,856 Cr
Total income (latest year)Rs 2,579 Cr
Share capitalRs 72 Cr
ReservesRs 5,717 Cr
Shareholders' fundsRs 5,789 Cr
Total assetsRs 6,869 Cr
Net blockRs 1,793 Cr
Capital work in progressRs 39 Cr
InvestmentsRs 183 Cr
ReceivablesRs 179 Cr
InventoryRs 1,058 Cr
Other liabilitiesRs 399 Cr
Shares outstanding (crore)35.99
Ownership
Promoter holding57.43% (-2.69 in a year)
Computed by MarketFriction from the consolidated statements. Returns use average balances.
P/E 35.9 is at the 40th percentile of its own 9.4-year range (median 41.7, low 12.7, high 275.6).
P/B 3.59 is at the 71th percentile (median 0.95).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
PeriodANANTRAJNifty 50Difference
1 week-7.4%-2.8% -4.6 pts
1 month-1.7%-6.8% +5.1 pts
3 months+4.2%-7.6% +11.8 pts
6 months+42.4%+0.4% +42.0 pts
1 year-14.7%-9.9% -4.8 pts
2 years-22.1%-13.6% -8.5 pts
3 years+163.1%+14.2% +149.0 pts
5 years+654.9%+27.9% +627.0 pts
42 mutual fund schemes hold about ₹631 Cr. Over three months 33 bought more and 0 sold (share counts, price move removed).
FundWeightEst. Cr3m shares
Tata Small Cap Fund1.89%248 +6%
Axis Small Cap Fund0.51%160 +4%
Tata ELSS-Tax Saver Fund1.29%61 +8%
Aditya Birla SL Value Fund0.77%53 +6%
ITI Small Cap Fund0.98%35 +3%
ITI Focused Fund2.78%18 +2%
Nippon India Nifty Smallcap 250 Index Fund0.42%15 +7%
SBI Nifty Smallcap 250 Index Fund0.42%7 +7%
HDFC NIFTY Realty Index Fund4.11%6 +2%
Motilal Oswal Nifty Smallcap 250 Index Fund0.42%5 +7%
ICICI Pru Nifty Smallcap 250 Index Fund0.42%3 +7%
HDFC NIFTY Smallcap 250 Index Fund0.42%3 +7%
Tata Nifty Realty Index Fund4.11%3 +3%
Edelweiss Nifty REITs & Realty Index Fund1.72%2 +100%
Nippon India Nifty Realty Index Fund4.12%2 +2%
JioBlackRock Nifty Smallcap 250 Index Fund0.42%2 +7%
Motilal Oswal Nifty 500 Index Fund0.05%1 +8%
Edelweiss Nifty Smallcap 250 Index Fund0.42%1 +7%
Nippon India Nifty 500 Equal Weight Index Fund0.21%1 +1%
Groww Nifty Smallcap 250 Index Fund0.42%1 +7%
HDFC Nifty500 Multicap 50:25:25 Index Fund0.10%1 +8%
Bandhan Nifty Smallcap 250 Index Fund0.42%0 +7%
Kotak Nifty Smallcap 250 Index Fund0.42%0 +7%
SBI Nifty 500 Index Fund0.05%0 +8%
Tata BSE Multicap Consumption 50:30:20 Index Fund0.67%0 +7%

Red flags

F-score 2 of 8
explainWeak cash conversion Cash from operations was -17% of net profit over the last 3 years
explainHigh accruals Profit exceeded operating cash by 14% of total assets in 2026
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.

Insider trades

NSE insider and takeover-code disclosures
DateWhoRoleSideSharesValueHow
2026-03-30Shri Ashok Sarin Anant Raj LLPPromoter Groupbuy60,500Rs 2.49 CrMarket Purchase
2025-12-12Shri Ashok Sarin Anant Raj LLPPromoter Groupbuy15,000Rs 0.83 CrMarket Purchase
2025-12-11Shri Ashok Sarin Anant Raj LLPPromoter Groupbuy15,000Rs 0.76 CrMarket Purchase
2025-12-10Shri Ashok Sarin Anant Raj LLPPromoter Groupbuy15,000Rs 0.77 CrMarket Purchase
2025-12-09Shri Ashok Sarin Anant Raj LLPPromoter Groupbuy70,000Rs 3.49 CrMarket Purchase
2025-12-08Shri Ashok Sarin Anant Raj LLPPromoter Groupbuy100,000Rs 5.05 CrMarket Purchase
2025-01-09Shri Ashok Sarin Anant Raj LLPPromoter Groupother1,369,863Rs 100.00 CrPreferential Offer
2023-09-27ANEKVARNA ESTATE LLPPromoter Groupbuy297,450Rs 6.52 CrMarket Purchase
2022-12-30Aman SarinPromotersbuy199,999Rs 2.28 CrMarket Purchase
2022-12-30Ashim SarinPromotersbuy199,999Rs 2.27 CrMarket Purchase
2022-12-30Amit SarinPromotersbuy199,999Rs 2.27 CrMarket Purchase
2022-12-19Anish Sarin jointly with Radhika SPromoter Groupother47,000,000Rs 486.45 CrOthers
Latest disclosed trades by insiders, promoters and large holders. Grants, option exercises and pledges show as "other". A filing is a fact, not a signal on its own.

Latest quarter

Jun 2026
Sales ₹631 Cr +6.6% vs Jun 2025. Net profit ₹149 Cr +18.3%.

Activity

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No bulk or block deals on record.
Ex-dateActionFactor
2026-07-31Dividend - Re 1 Per Share
2025-07-16Dividend - Re 0.73 Per Share
2024-07-12Annual General Meeting/Dividend - Re 0.73 Per Share
2023-06-27Annual General Meeting/Dividend - Rs 0.50 Per Share
2022-07-01Annual General Meeting/Dividend - Rs 0.12 Per Share
2021-09-22 Annual General Meeting/Dividend - Rs 0.10 Per Share
2020-12-22 Annual General Meeting/Dividend - Re 0.08 Per Share
2020-10-06 Demerger
2019-09-20 Annual General Meeting/Dividend - Rs 0.24 Per Share
2018-09-19 Annual General Meeting/Dividend Re 0.24 Per Share
2017-09-21 Annual General Meeting/Dividend - Re 0.24 Per Share
2016-09-22 Annual General Meeting/ Dividend - Re 0.24 Per Share
2015-09-22 Annual General Meeting/ Dividend - Re 0.24/- Per Share
2014-09-18Annual General Meeting / Dividend - Rs 0.24/- Per Share
2013-09-17Annual General Meeting
2012-09-12Annual General Meeting And Dividend Re.0.40 Per Share
2011-08-09Annual General Meeting And Dividend Re.0.60 Per Share
2010-07-08Annual General Meeting And Dividend Re.0.60 Per Share
2009-08-07Agm/Div-Re.0.60 Per Share
2008-07-14Agm/Dividend - 75%
2007-12-19Agm
2007-10-08Fv Split Rs.10/- To Re.2/0.2000
2007-08-09Int Div-Rs.6/- Per Sh
DateTypeWhat it says
2026-09-23Concall / analyst meetSchedule of meet
2026-09-15Concall / analyst meetSchedule of meet
2026-09-04Volume querySignificant increase in volume has been observed in Anant Raj Limited. The Exchange, in order to ensure that investors have latest relevant informatio...
2026-09-03Volume querySignificant increase in volume has been observed in Anant Raj Limited. The Exchange, in order to ensure that investors have latest relevant informatio...
2026-08-20UpdatesReceipt of RERA Registration Certificate.
2026-08-19Concall / analyst meetSchedule of meet
2026-08-11Investor PresentationInvestor Presentation
2026-08-09Shareholder meetingAnant Raj Limited has submitted the Exchange a copy Srutinizers report of Annual General Meeting held on August 07, 2026
2026-08-08Monitoring Agency ReportMonitoring Agency Report for the quarter ended June 30, 2026
2026-08-08Board meeting outcomeAnant Raj Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2026.
2026-08-07Shareholder meetingProceedings of Annual General Meeting held on August 07, 2026
2026-08-04Concall / analyst meetSchedule of meet
2026-07-21Press ReleaseA press release dated July 21, 2026, titled "Anant Raj Board Approves Strategic Demerger to Create Two Focused Independent Listed Companies".
2026-07-21Board meeting outcomeOutcome of Board Meeting held on July 21, 2026.
2026-07-21Scheme of ArrangementScheme of Arrangement
2026-07-21AcquisitionUpdates on Acquisition
2026-07-20Committee Meeting UpdatesOutcome of Committee Meeting
2026-07-20AcquisitionAcquisition
2026-07-14UpdatesIntimation of letter sent by the Company to those shareholders whose e-mail address are not registered with the Company/RTA, as required under the SEB...
2026-07-14Shareholder meetingNotice of Annual General Meeting to be held on August 07, 2026
2026-06-27Record DateRecord date for the purpose of Dividend is 31-Jul-2026.
2026-06-27Board meeting outcomeOutcome of Board Meeting held on Jun 27, 2026.
2026-06-15AcquisitionUpdates on Acquisition
2026-06-04Disclosure under SEBI TakeovAmit Sarin has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board of India (Substantial Acquis...
2026-06-01AgreementsMemorandum of Understanding
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Order dateForumCase
2021-04-27NCLATKetan Anant Raj & Anr VS Dhanshyam Kantilal Patel Liquidator of Krishnai Hospital Pvt Ltd & Ors
2021-04-13NCLATKetan Anant Raj & Anr VS Dhanshyam Kantilal Patel Liquidator of Krishnai Hospital Pvt Ltd & Ors
2021-04-07NCLTManoj Kumar Agrawal & Anr. Vs Anant Raj Ltd.
2021-03-19NCLATKetan Anant Raj & Anr VS Dhanshyam Kantilal Patel Liquidator of Krishnai Hospital Pvt Ltd & Ors
2021-03-15NCLATKetan Anant Raj & Anr VS Dhanshyam Kantilal Patel Liquidator of Krishnai Hospital Pvt Ltd & Ors
2021-03-08NCLATKetan Anant Raj & Anr VS Dhanshyam Kantilal Patel Liquidator of Krishnai Hospital Pvt Ltd & Ors
Orders from NCLT, NCLAT and CESTAT naming the company. Click a row for the order.
Not on any NSE surveillance list in the latest file.

Quick answers

What is the market cap of Anant Raj Ltd?

Anant Raj Ltd (ANANTRAJ) has a market capitalisation of Rs 21,675 Cr. at the 2026-10-01 close.

What is the P/E ratio of Anant Raj Ltd?

Anant Raj Ltd trades at a P/E of 37.5 on trailing twelve-month profit, at the 2026-10-01 close.

What were Anant Raj Ltd's latest quarterly results?

In the Jun 2026 quarter, Anant Raj Ltd sales was Rs 631 Cr (+6.6% vs Jun 2025) and net profit was Rs 149 Cr.

What is the 52-week high and low of Anant Raj Ltd?

The 52-week high is Rs 743.65 and the 52-week low is Rs 403.00.

Data: NSE and BSE daily reports, company filings. Numbers only, not investment advice, not a SEBI-registered research service.AboutMethodologyFAQResearchContactTermsPrivacyDisclaimerUpdated 2026-10-03