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Anant Raj Ltd.
(ANANTRAJ)
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Rating:64Neutral
Price Target:
₹669.00
▲(13.86% Upside)
Action:Reiterated
Date:09/06/26
The score is driven mainly by strong profitability and a generally supportive balance sheet, offset by weak and volatile cash flows (including negative FY2026 operating and free cash flow). Technicals are moderately positive with the stock trading above key moving averages, but a high P/E and low dividend yield weigh on the overall rating.
Positive Factors
Strong revenue and earnings expansion
The substantial multi-year expansion in revenue and net income indicates that Anant Raj has increased its operating scale and converted growth into stronger earnings. This provides a durable base for reinvestment, project development and broader monetization of its real estate portfolio over the coming quarters.
Negative Factors
Volatile and negative cash generation
Repeated swings between positive and negative cash flow show that reported profitability does not consistently translate into cash generation. Negative FY2026 operating and free cash flow can increase reliance on funding, constrain flexibility and raise execution risk while projects absorb working capital.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong revenue and earnings expansion
The substantial multi-year expansion in revenue and net income indicates that Anant Raj has increased its operating scale and converted growth into stronger earnings. This provides a durable base for reinvestment, project development and broader monetization of its real estate portfolio over the coming quarters.
Read all positive factors
Anant Raj Ltd. (ANANTRAJ) vs. iShares MSCI India ETF (INDA)
Market Cap
₹208.44B
Dividend Yield0.17%
Average Volume (3M)145.08K
Price to Earnings (P/E)35.0
Beta (1Y)1.47
Revenue Growth16.97%
EPS Growth22.00%
CountryIN
Employees204
SectorGeneral
Sector StrengthN/A
IndustryReal Estate - Development
Share Statistics
EPS (TTM)16.50
Shares Outstanding359,876,920
10 Day Avg. Volume112,280
30 Day Avg. Volume145,076
Financial Highlights & Ratios
PEG Ratio0.94
Price to Book (P/B)2.46
Price to Sales (P/S)5.67
P/FCF Ratio-24.01
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)22.03
Revenue Forecast (FY)₹31.94B
Anant Raj Ltd. Business Overview & Revenue Model
Company Description
Anant Raj Limited is a real estate developer and constructor specializing in a diverse range of projects. Its portfolio encompasses information technology parks, hospitality venues, residential communities, data centers, affordable housing, corpor...
How the Company Makes Money
Anant Raj Ltd. primarily makes money through a combination of (1) development-led revenues and (2) recurring income from operating real estate assets.
1) Development-led revenue (sales of developed real estate): The company acquires/holds land, d...
Anant Raj Ltd. Financial Statement Overview
Summary
Income Statement
84
Very Positive
Balance Sheet
78
Positive
Cash Flow
38
Negative
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 25.51B | 25.12B | 20.60B | 14.83B | 9.57B | 4.62B |
| Gross Profit | 7.48B | 6.72B | 5.72B | 4.00B | 2.41B | 1.10B |
| EBITDA | 7.64B | 7.27B | 4.90B | 3.34B | 1.97B | 758.87M |
| Net Income | 5.79B | 5.55B | 4.26B | 2.66B | 1.51B | 565.16M |
Balance Sheet | ||||||
| Total Assets | 0.00 | 68.69B | 52.35B | 48.68B | 43.58B | 43.85B |
| Cash, Cash Equivalents and Short-Term Investments | 9.01B | 9.11B | 3.35B | 3.05B | 547.33M | 194.31M |
| Total Debt | 0.00 | 6.81B | 4.82B | 6.27B | 10.79B | 12.93B |
| Total Liabilities | -58.19B | 10.50B | 10.46B | 11.84B | 15.00B | 17.11B |
| Stockholders Equity | 58.19B | 57.89B | 41.61B | 36.56B | 28.25B | 26.39B |
Cash Flow | ||||||
| Free Cash Flow | -135.78M | -5.93B | 318.20M | -694.78M | -481.70M | 4.57B |
| Operating Cash Flow | 852.40M | -3.90B | 966.10M | -255.19M | -63.60M | 4.58B |
| Investing Cash Flow | -1.42B | -2.92B | -721.30M | 1.81B | 498.00M | -43.94M |
| Financing Cash Flow | 712.34M | 12.51B | 5.30M | 1.16B | -288.10M | -4.61B |
Anant Raj Ltd. Technical Analysis
Negative
587.55
Price Trends
611.72
Negative
573.91
Positive
545.37
Positive
Market Momentum
-2.60
Positive
39.72
Neutral
22.73
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:ANANTRAJ, the sentiment is Negative. The current price of 587.55 is below the 20-day moving average (MA) of 609.00, below the 50-day MA of 611.72, and above the 200-day MA of 545.37, indicating a neutral trend. The MACD of -2.60 indicates Positive momentum. The RSI at 39.72 is Neutral, neither overbought nor oversold. The STOCH value of 22.73 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:ANANTRAJ.
Anant Raj Ltd. Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
72 Outperform | ₹103.78B | 9.87 | ― | ― | -22.98% | 710.72% | |
64 Neutral | ₹208.44B | 34.97 | ― | 0.17% | 16.97% | 22.00% | |
56 Neutral | ₹185.59B | 21.71 | ― | 0.35% | 4.81% | -7.86% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
54 Neutral | ₹129.99B | 56.12 | ― | 0.49% | 32.15% | 121.84% | |
52 Neutral | ₹74.98B | 22.21 | ― | 1.99% | 875.69% | 195.25% | |
48 Neutral | ₹19.84B | -3.92 | ― | 0.36% | -4.46% | 29.56% |
* General Sector Average
IN:ANANTRAJ
Anant Raj Ltd.
579.20
-124.69
-17.71%
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Anant Raj Ltd. Corporate Events
Anant Raj clears all resolutions at 41st AGM after scrutinized e-voting
Aug 9, 2026
Anant Raj Limited has reported the results of its 41st Annual General Meeting held on August 7, 2026 in Gurugram, confirming that all resolutions proposed in the AGM notice were passed with the requisite majority. The scrutinizer, practicing compa...
Anant Raj Opens Special Window for Demat of Physical Shares
Jul 4, 2026
Anant Raj Limited has notified the stock exchanges that it has published a newspaper advertisement for holders of physical securities. The notice, carried in Financial Express and Jansatta on July 4, 2026, informs investors about a special window ...
Anant Raj Sets AGM Date, Dividend Record Date and Renews Audit Mandates
Jun 27, 2026
Anant Raj Limited’s board met on June 27, 2026 and approved convening its 41st Annual General Meeting on August 7, 2026 at the company’s registered office in Gurugram. The board also set July 31, 2026 as the record date to determine sh...
Anant Raj Sets Dividend Record Date and Confirms Auditors Ahead of 41st AGM
Jun 27, 2026
Anant Raj Limited’s board has scheduled the 41st Annual General Meeting for August 7, 2026, at its registered office in IMT Manesar, Gurugram, reflecting continued adherence to governance and shareholder engagement norms. The meeting timing ...
Anant Raj Publishes Statutory Investor Notice in Line with SEBI and IEPF Rules
Jun 20, 2026
Anant Raj Limited has notified the stock exchanges that it has published a public notice in English and Hindi newspapers in compliance with Regulation 30 of the SEBI Listing Regulations. The notice, issued under Section 124(6) of the Companies Act...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.