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Not investment advice. Data and computed figures, for information only.

Anant Raj Ltd

NSE: ANANTRAJ
₹524.05
−₹34.10 (−6.11%)
NSE · 15 Oct 2026, close
NSE
As of 31 Mar 2026
Market Cap
₹20,540 Cr
CMP
₹524.05
52-wk High / Low
₹680 / 403
P/E
35.5
P/B
3.6
Book Value
₹161.0
Div Yield
0.18%
ROCE
12.0%
ROE
11.2%
Face Value
₹2
D/E
0.12

Price−24.5% over 1Y

āagman read

Computed by āagman
Derived from 12 years and 15 quarters of filings. Not reported by the company.
As of 15 Oct 2026
How we compute these
Piotroski F-Score
3
/ 9
3 of 9 F-score tests passed
Graham Number
₹236
√(22.5 × EPS × book value per share)
ROIC
7.9%
vs 4.1% sector median
Cash flow to profit
−0.78
CFO / PAT
Above 1.0 = operating cash flow exceeded reported profit
Margin change
+349
bps OPM YoY
Operating margin vs the same quarter last year
Sustainable growth
10.5%
ROE × earnings retention ratio
ROE stability
3.0
pp σ
Standard deviation of ROE across periods. Lower = more stable
Holder deltas
QoQ
pp
Prom +0.02FII −0.14DII −0.23
Latest quarter vs the previous one
Cash-accrual divergence
16.4%
of assets
Low = accruals track cash flow
Strengths
+Borrowings are down 54.3% since FY2016 (1489 to 681)
+PE of 35.5x is below the sector median of 36.4x
Watch-outs
−Price trades below its 200-day moving average (1.0x)
−Promoter holding fell by 5.8pp over the last year
−Piotroski F-Score of 3/9 is in the weak band (≤3)
−Balance-sheet accruals of 16.4% of average assets — earnings are not cash-backed

Peer comparison

Peers
NameP/EMar Cap ₹ CrROCE %ROE %

Quarterly results

Consolidated basis (as filed) · ₹ Cr · 13 quarters
As of 30 Jun 2026
Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales316332392443472513535541592631642647631
Expenses257252302338369400401398442463472479448
Operating Profit608090104103113134142151168170167183
OPM %19.0%24.1%23.0%23.5%21.8%22.0%25.0%26.2%25.5%26.6%26.5%25.8%29.0%
Other Income10991110119101010192919
Interest78811423323341
Depreciation44555889811131716
Profit before tax57768699104114132141150164172175185
Net Profit5060718491106110119126138144149149
EPS (₹)1.561.852.222.292.663.093.233.463.674.024.014.074.16

Profit & Loss

As of 30 Jun 2026
Consolidated · ₹ Cr · 12 years + TTM
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales4844314664803502762504629571,4832,0602,5122,551
Expenses2332953253702742242143867601,1491,5681,8561,862
Operating Profit25113714111075523576197334492656688
OPM %51.9%31.8%30.3%22.9%21.4%18.8%14.0%16.5%20.6%22.5%23.9%26.1%27.0%
Other Income8242949151020394837406777
Interest55465455281531273235111211
Depreciation28272726221817171718304957
Profit before tax1758788794029872197319491662697
Net Profit1427076664024953149271426559580
EPS (₹)4.822.352.612.291.450.910.361.864.737.6312.4015.4216.26

Balance Sheet

As of 30 Jun 2026
Consolidated · ₹ Cr
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026Jun 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—

Cash Flows

As of 31 Mar 2026
Consolidated · ₹ Cr
Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity339249−73−127−305810−84−15042333−26253−435
Cash from Investing Activity−87−123−50−33−2291,707−58531−20181−147−231
Cash from Financing Activity−267−82109193675−2,6794383−4612116−811,235
Net Cash Flow−1543−1433141−162−4618−71527125569

Ratios

As of 31 Mar 2026
13 periods
Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROCE %3.04.03.02.02.01.01.01.02.06.09.011.012.0
ROE %————————————11.2
EPS (₹)3.404.822.352.612.291.450.910.361.864.737.6312.4015.42
Book Value (₹)————————————161.0
Face Value (₹)————————————2
P/E————————————35.5
Div Yield %————————————0.18
NPM %20.728.915.415.412.511.08.43.310.614.817.820.321.7
OPM %29.052.032.030.023.022.019.014.016.021.023.024.026.0
D/E0.350.330.360.410.620.640.680.670.490.380.170.120.12
P/B————————————3.6

Growth

As of 11 Oct 2026
Compounded sales growth
10 years+19.0%
5 years+59.0%
3 years+38.0%
TTM+17.0%
Compounded profit growth
10 years+21.0%
5 years+120.0%
3 years+54.0%
TTM+26.0%
Stock price CAGR
10 years+34.0%
5 years+50.0%
3 years+35.0%
Last year−18.0%
Return on equity
10 years5.0%
5 years8.0%
3 years10.0%
Last year11.0%

Shareholding pattern

As of 31 Mar 2026
Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Promoters63.47%63.47%63.47%63.49%64.94%65.04%64.99%63.21%60.01%60.16%57.41%57.43%
FIIs7.86%7.86%8.74%8.11%7.62%8.36%6.35%10.73%11.52%12.88%10.88%10.74%
DIIs0.21%0.21%0.21%0.13%0.16%0.02%0.07%0.09%3.63%6.57%4.83%4.60%
Government0.00%0.00%0.25%0.28%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
Public28.45%28.45%27.32%27.99%27.28%26.58%28.59%25.97%24.83%20.38%26.89%27.22%
No. of shareholders51,26651,26653,66651,59946,35347,01754,99848,46563,8322,12,0343,68,3503,75,155
Change since Jun 2023 (pp)
Promoters −6.04FIIs +2.88DIIs +4.39Public −1.23

Documents

As of 11 Oct 2026
Announcements
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018Announcement under Regulation 30 (LODR)-Press Release / Media ReleaseAnnouncement under Regulation 30 (LODR)-Memorandum of Understanding /AgreementsClosure of Trading WindowBoard Meeting Intimation for Financial Results
Annual reports
Annual Report 2026Annual Report 2025Annual Report 2024Annual Report 2023Annual Report 2022
Credit ratings
Rating updateRating updateRating updateRating updateRating update
Concalls
Aug 2026PPTMay 2026PPTJan 2026PPTJan 2026PPTNov 2025TranscriptNov 2025PPTNov 2025Recording

Corporate actions

As of 31 Jul 2026
31 Jul 2026DIVIDENDDividend - Re 1 Per Share—
16 Jul 2025DIVIDENDDividend - Re 0.73 Per Share—
12 Jul 2024DIVIDENDAnnual General Meeting/Dividend - Re 0.73 Per Share—
27 Jun 2023DIVIDENDAnnual General Meeting/Dividend - Rs 0.50 Per Share—
1 Jul 2022DIVIDENDAnnual General Meeting/Dividend - Rs 0.12 Per Share—
22 Sep 2021DIVIDEND Annual General Meeting/Dividend - Rs 0.10 Per Share—
22 Dec 2020DIVIDEND Annual General Meeting/Dividend - Re 0.08 Per Share—
6 Oct 2020DEMERGER Demerger—
20 Sep 2019DIVIDEND Annual General Meeting/Dividend - Rs 0.24 Per Share—
19 Sep 2018DIVIDEND Annual General Meeting/Dividend Re 0.24 Per Share—
21 Sep 2017DIVIDEND Annual General Meeting/Dividend - Re 0.24 Per Share—
22 Sep 2016DIVIDEND Annual General Meeting/ Dividend - Re 0.24 Per Share—
22 Sep 2015DIVIDEND Annual General Meeting/ Dividend - Re 0.24/- Per Share—
18 Sep 2014DIVIDENDAnnual General Meeting / Dividend - Rs 0.24/- Per Share—
12 Sep 2012DIVIDENDAnnual General Meeting And Dividend Re.0.40 Per Share—
9 Aug 2011DIVIDENDAnnual General Meeting And Dividend Re.0.60 Per Share—
8 Jul 2010DIVIDENDAnnual General Meeting And Dividend Re.0.60 Per Share—
Fundamentals from a third-party compiler of exchange filings; prices from the exchanges. Not investment advice.© 2026 āagman