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Anant Raj Q2 FY27 Share Price & Earnings Call Analysis

₹463.95+0.02% today
Market cap
₹16,684 Cr
P/E
28.84
ROE
11.15%
PEG
0.54
Price to sales
6.55
Debt to equity
0.12
52W high / low
₹650 / ₹406
Sales growth (5Y)
58.68%
EBITDA margin
26.99%
Net profit margin
22.26%
Promoter holding
57.43%
Sales (last year)
₹2,551 Cr

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. [1] [2]

Guidance scorecard · Q2 FY27 call

What Anant Raj Ltd's management guided
and where it ranks in Realty

#8of 41 in
Realty
Revenue20–40%MarginsFlatCapexPlannedFundraisingNone plannedOrder bookWhat management said

RevenueQ2 FY26 call

20–40%
  • Data Center revenue expected to scale up substantially, targeting INR 1,200 crores by FY 2027-28 from 63 MW capacity expanding to 117 MW (87 MW Colocation, 36 MW Cloud).
  • Cloud segment to increase from 6 MW in FY 2026 to 36 MW by FY 2028, with managed services and infrastructure offerings growing.
  • Colocation projected to remain stable; margins expected to improve as additional services are added.
  • Real estate launches planned: Phase-IV of Anant Raj Estate (5 lakh sq ft), luxury high-rise Estate One in Gurugram (1.1 million sq ft), and another Group Housing over 5.2 acres, all targeted for launch by FY 2026-27.

2 more points from Anant Raj Ltd's call on revenue

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Full Q2 FY26 analysis

MarginsQ2 FY26 call

Flat

See what Anant Raj Ltd said on margins — free account, 30 seconds.

Full Q2 FY26 analysis

CapexQ2 FY26 call

Planned
  • The company is focused on expanding its Data Center business with a target of 307 megawatts by FY 2031-32.
  • Current CAPEX split is approximately 75% Colocation and 25% Cloud, with plans to maintain or increase Cloud share based on demand.
  • Additional CAPEX for existing buildings is INR 26 crores per megawatt.
  • Expansion plans include commissioning 63 megawatts by December 2026, consisting of roughly 14 MW Cloud and the balance Colocation.
  • The company has sufficient capital for ongoing expansion with no immediate need to raise funds.

2 more points from Anant Raj Ltd's call on capex

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Full Q2 FY26 analysis

FundraisingQ2 FY26 call

None planned

See what Anant Raj Ltd said on fundraising — free account, 30 seconds.

Full Q2 FY26 analysis

Order bookQ2 FY26 call

Ask what Anant Raj Ltd said on the order book →

Full Q2 FY26 analysis
Full Realty ranking

Ranges are what management guided for revenue growth and margins on the latest earnings call. Not investment advice, and not a forecast of returns.

Potential multibaggers · Q2 FY27

Potential multibaggers in Realty
on management's own guidance

  1. Sobha LtdGood growth
    2
  2. Strong growth
    1
  3. Man Infraconstruction LtdGood growth
    3
See all potential multibaggersWhere does Anant Raj Ltd rank?

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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.

Peers

Realty companies ranked on guidance

#CompanyRevenue guidedMargin guidedMarket capP/E
140%+Flat₹12,035 Cr41.1
2Sobha Ltd20–40%Up 2%+₹12,548 Cr54.4
3Man Infraconstruction Ltd20–40%Up 2%+₹4,602 Cr21.2
420–40%Up 2%+₹1,157 Cr12.7
520–40%Flat₹1.06L Cr25.6
620–40%Flat₹61,922 Cr23.4

Sign up free to see every company in the sector ranking and track Anant Raj Ltd.

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Financials of Anant Raj Ltd

Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.

Shareholder Pattern

Anant Raj Ltd

Shareholding breakup across reporting periods.

Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
Promoters +63.30%60.01%60.01%60.01%60.01%60.16%60.12%60.12%57.41%57.41%57.43%57.43%
FIIs +8.96%11.52%13.10%13.04%13.07%12.88%10.62%10.72%11.14%10.88%10.74%10.96%
DIIs +1.60%3.63%6.51%6.69%6.71%6.57%6.22%5.82%5.20%4.83%4.60%4.55%
Public +26.14%24.83%20.36%20.26%20.21%20.38%23.04%23.32%26.26%26.89%27.22%27.08%
No. of Shareholders57,85863,83274,1611,16,8911,56,5682,12,0342,57,8662,91,1653,35,1753,68,3503,75,1553,25,344

Financials of Anant Raj Ltd

Quarterly Results

Quarter-by-quarter operating performance

Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
Sales +332392443472513535541592631642647631662
Expenses +252302338369400401398442463472479448464
Operating Profit8090104103113134142151168170167183198
OPM %24%23%24%22%22%25%26%25%27%26%26%29%30%
Other Income +99111011910101019291917
Interest88114233233411
Depreciation455588981113171626
Profit before tax768699104114132141150164172175185188
Tax %23%19%11%14%8%17%16%17%17%17%15%21%18%
Net Profit +60718491106110119126138144149149156
EPS in Rs1.852.222.292.663.093.233.463.674.024.014.074.164.36

Financials of Anant Raj Ltd

Profit & Loss

Annual income statement trend

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales +4844314664803502762504629571,4832,0602,5122,581
Expenses +2332953253702742242143867601,1491,5681,8561,863
Operating Profit25113714111075523576197334492656719
OPM %52%32%30%23%22%19%14%16%21%23%24%26%28%
Other Income +8242949151020394837406784
Interest5546545528153127323511129
Depreciation28272726221817171718304973
Profit before tax1758788794029872197319491662720
Tax %19%27%24%23%27%42%97%32%27%17%14%16%
Net Profit +1427076664024953149271426559599
EPS in Rs4.822.352.612.291.450.910.361.864.737.6312.4015.4216.60
Dividend Payout %5%10%9%10%17%9%28%6%11%10%6%0%

Financials of Anant Raj Ltd

Balance Sheet

Capital structure and asset base

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026Sep 2026
Equity Capital59595959595959596568697272
Reserves4,0754,0584,1874,1282,4422,4262,4402,5802,7603,5884,0925,7175,984
Borrowings +1,3561,4891,7212,6001,5911,6911,6631,2831,079627482681767
Other Liabilities +601643726686509412448463452585592399775
Total Liabilities6,0916,2496,6927,4734,6024,5884,6114,3854,3574,8685,2356,8697,599
Fixed Assets +2,5553802,6272,7891,3511,3421,3261,3101,3051,3141,3671,7931,844
CWIP169169145192146140904818223639227
Investments6632,876649594402461423460460302311183189
Other Assets +2,7042,8243,2723,8992,7032,6452,7722,5672,5733,2313,5204,8535,340
Total Assets6,0916,2496,6927,4734,6024,5884,6114,3854,3574,8685,2356,8697,599

Financials of Anant Raj Ltd

Cash Flows

Operating, investing and financing cash movement

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity +249-73-127-305810-84-15042333-26253-435
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/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit114%-42%-73%-263%1,088%-137%-403%588%43%9%66%-50%

Financials of Anant Raj Ltd

Ratios

Working capital efficiency and return ratios

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%
16out of 100

Momentum score · price trend

16 out of 100 — Cooling

Over the past year its share price has done worse than most of the stocks we track.

PeriodShare price changeBetter than … of 1,910 stocks
Last 12 months−27.0%27%
Last 6 months−4.7%46%
Last 3 months−23.9%9%

The price is 48.4% below its all-time high of ₹899.45 (17 Jan 2025). Stocks more than 20% below their peak have their score halved, so 31 became 16.

How we calculate it

“Better than 30%” means that over that period the share price did better than 30 out of every 100 stocks we track (1,910 Indian companies worth ₹500 Cr or more, with at least a year of prices).

The score weighs the longer periods more: 40% × 12-month + 40% × 6-month + 20% × 3-month. For Anant Raj Ltd: 0.4 × 27 + 0.4 × 46 + 0.2 × 9 = 31, halved to 16 because the price is more than 20% below its all-time high.

Strengthening is 70 and above, Steady 40 to 70, Cooling below 40. Scores are recalculated every night after the market closes.

Full methodology →

This describes only how the share price has moved up to 29 Oct 2026, compared with other stocks. It says nothing about the business, and it is not a prediction, a price target or a recommendation to buy or sell.

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What Anant Raj Ltd's management said in earlier quarters

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