ANANTRAJ
Anant Raj share price & financials
- Price
- ₹520.2
- Market cap
- ₹21.5k Cr
- Sector
- Realty
- Calls analysed
- 5
Anant Raj Q2 FY26
Revenue ₹631 cr (+23% YoY); EBITDA Margin 27.76%; PAT ₹138 cr (+31% YoY). Revenue from operations reached ₹630.79 crore in Q2 FY26, a 23% YoY increase.
Read the full call →What Anant Raj does
Anant Raj Limited is a Delhi-NCR-focused real estate developer with a five-decade legacy, building residential townships, luxury and affordable housing, commercial buildings, IT parks, malls and hotels, largely on a low-cost freehold land bank it has held for years. It earns from selling residential units and leasing out commercial, retail and hospitality assets. In recent years it has diversified through wholly-owned subsidiary Anant Raj Cloud into data centre colocation and cloud services (branded Ashok Cloud), built on its existing technology-park land and empanelled with MeitY as a Sovereign Cloud Service Provider and with BSNL as a Data Centre Service Provider.
Segments
- Real Estate
- Data Centre & Cloud Services
- Operational data centre IT load capacity
- 28 MW (21 MW Manesar + 7 MW Panchkula)
- Total planned data centre IT load capacity (by FY2032)
- 357 MW
- Land bank in Delhi-NCR
- ~320 acres of fully paid, debt-free freehold land
- Geographic presence
- 4 key states of India
- Completed residential and commercial developed area
- 11.30 million sq ft
- Affordable housing units completed
- 2,663 units
Guidance record · Q2 FY26
what the last two calls moved 6 tracked 2 delivered 1 missed 3 open- Net Debt Status delivered said Q4 FY24 Promised: Become Net Debt-Free by December 2024 Q2 FY26: fifth quarter in a row... the net debt of the company has been below 50 crores. So, we almost call ourselves a zero-debt company
- Data Center Capacity missed said Q4 FY24 Promised: 28 MW operational by December 2024 Q2 FY26: we have been able to deliver the 28 megawatt which the company was working on in the 2nd Quarter [of FY26].
- Long-term Data Center Capacity revised down said Q2 FY24 Promised: 300 MW within 3-4 years Q2 FY26: Financial Year ‘31-32, we will be able to unlock 307 megawatts.
All 6 tracked — every revision, and every one management stopped mentioning.
Open the guidance ledgerQuarterly results
Q1 FY27: revenue up 12.5%, net profit up 12.9% against the same quarter last year.
| Line item | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 298 | 328 | 337 | 352 | 371 +24% | 374 +14% | 394 +17% | 396 +13% |
| EBITDA | 51 | 55 | 65 | 69 | 79 +55% | 74 +35% | 90 +38% | 92 +33% |
| Net profit | 53 | 58 | 65 | 70 | 74 +40% | 78 +34% | 77 +18% | 79 +13% |
How to read this
₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Performance +12.3% 1Y
1Y: ₹532.85 on 10 Sept 2025 → ₹598.35. High ₹735.6 (7 Oct 2025), low ₹405.7 (30 Mar 2026).
How the price took the results
close before → close after
- Q2 FY26
- +0.8%
- 12 Nov
The move from the last close before each results date to the first close after it — the market's first read on the quarter, not the quarter itself.
Financials, as filed
Revenue grew 22.2% a year over 3 years, FY23 to FY26. Operating margin widened to 20.9%.
| Year ending | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|
| Revenue | ₹818 Cr | ₹799 Cr | ₹1.2k Cr | ₹1.5k Cr |
| Operating profit | ₹132 Cr | ₹102 Cr | ₹214 Cr | ₹312 Cr |
| Operating margin | 16.1% | 12.8% | 17.4% | 20.9% |
| Interest | ₹27 Cr | ₹18 Cr | ₹4 Cr | ₹5 Cr |
| Depreciation | ₹16 Cr | ₹16 Cr | ₹16 Cr | ₹17 Cr |
| Net profit | ₹131 Cr | ₹130 Cr | ₹218 Cr | ₹299 Cr |
| Net margin | 16.0% | 16.3% | 17.7% | 20.1% |
| Cash from operations | ₹34 Cr | ₹-16 Cr | ₹284 Cr | ₹-182 Cr |
| Free cash flow | ₹10 Cr | ₹-34 Cr | ₹273 Cr | ₹-209 Cr |
| ROCE | 4.0% | 5.0% | 7.0% | 8.0% |
How to read this
From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.
Balance sheet
| Year ending | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| Equity capital | ₹59 Cr | ₹59 Cr | ₹65 Cr | ₹68 Cr | ₹69 Cr | ₹72 Cr |
| Reserves | ₹2.4k Cr | ₹2.6k Cr | ₹2.7k Cr | ₹3.3k Cr | ₹4.3k Cr | ₹5.0k Cr |
| Borrowings | ₹1.6k Cr | ₹1.2k Cr | ₹1.0k Cr | ₹589 Cr | ₹563 Cr | ₹323 Cr |
| Other liabilities | ₹276 Cr | ₹289 Cr | ₹315 Cr | ₹286 Cr | ₹483 Cr | ₹206 Cr |
| Total liabilities | ₹4.4k Cr | ₹4.1k Cr | ₹4.1k Cr | ₹4.3k Cr | ₹5.4k Cr | ₹5.6k Cr |
| Fixed assets | ₹1.2k Cr | ₹1.1k Cr | ₹1.1k Cr | ₹1.1k Cr | ₹1.5k Cr | ₹1.1k Cr |
| Capital work in progress | ₹86 Cr | ₹41 Cr | ₹3 Cr | ₹20 Cr | ₹31 Cr | ₹36 Cr |
| Investments | ₹290 Cr | ₹340 Cr | ₹376 Cr | ₹324 Cr | ₹313 Cr | ₹419 Cr |
| Other assets | ₹2.8k Cr | ₹2.6k Cr | ₹2.6k Cr | ₹2.8k Cr | ₹3.6k Cr | ₹4.0k Cr |
| Total assets | ₹4.4k Cr | ₹4.1k Cr | ₹4.1k Cr | ₹4.3k Cr | ₹5.4k Cr | ₹5.6k Cr |
How to read this
As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.
Who owns it
As disclosed at Jun 2026
Since Jun 2025, the public added +4.18 pp while promoters trimmed −2.69 pp. The shareholder count grew 45% to 3,75,155.
- Promoters
- 57.4%
- FIIs
- 10.7%
- DIIs
- 4.6%
- Public
- 27.2%
Since Jun 2025
- Public +4.18 pp
- Promoters −2.69 pp
- DIIs −1.62 pp
How it drifted, 12 quarters
Over this window promoters fell from 63.3% to 57.4% — −5.9 pp.
Ownership split by quarter, oldest first. Sep '23: Promoters 63.3%, FIIs 9.5%, DIIs 1.7%, Public 25.5%.Dec '23: Promoters 63.3%, FIIs 9.0%, DIIs 1.6%, Public 26.1%.Mar '24: Promoters 60.0%, FIIs 11.5%, DIIs 3.6%, Public 24.8%.Jun '24: Promoters 60.0%, FIIs 13.1%, DIIs 6.5%, Public 20.4%.Sep '24: Promoters 60.0%, FIIs 13.0%, DIIs 6.7%, Public 20.3%.Dec '24: Promoters 60.0%, FIIs 13.1%, DIIs 6.7%, Public 20.2%.Mar '25: Promoters 60.2%, FIIs 12.9%, DIIs 6.6%, Public 20.4%.Jun '25: Promoters 60.1%, FIIs 10.6%, DIIs 6.2%, Public 23.0%.Sep '25: Promoters 60.1%, FIIs 10.7%, DIIs 5.8%, Public 23.3%.Dec '25: Promoters 57.4%, FIIs 11.1%, DIIs 5.2%, Public 26.3%.Mar '26: Promoters 57.4%, FIIs 10.9%, DIIs 4.8%, Public 26.9%.Jun '26: Promoters 57.4%, FIIs 10.7%, DIIs 4.6%, Public 27.2%.
Who is on the register
Named in the Jun 2026 filing
Every holder of Anant Raj above SEBI's 1% disclosure line, and what changed since Mar 2026.
| Holder | Stake | Change |
|---|---|---|
| Roma Sarin | 13.46% | unchanged |
| Ashim Sarin | 13.13% | unchanged |
| Anish Sarin Jointly With Radhika Sarin | 13.06% | unchanged |
| Aashman Sarin | 13.06% | unchanged |
| Anekvarna Estate Llp | 4.11% | unchanged |
| Genesis Grand General Trading L.L.C Corporate | 2.35% | unchanged |
| Tata Mutual Fund- Tata Small Cap Fund Mutual fund | 1.43% | unchanged |
| Kotak Mahindra Life Insurance Company Ltd. Insurer | 1.20% | unchanged |
| Tata Indian Opportunities Fund FPI fund | 1.16% | unchanged |
| Sanjana Cryogenic Storages Ltd | 1.14% | unchanged |
| Vijaykumar Chhotabhai Kalidas Patel | 1.09% | unchanged |
| Shri Ashok Sarin Anant Raj Llp | 0.46% | unchanged |
A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.
Mutual funds in ANANTRAJ
Filings to Aug 2026
0 new, 4 added, 2 trimmed, 0 sold out — net +0.01 L shares (+0.1%).
- Held by funds
- ₹26 Cr
- 6 schemes
- Biggest holder
- Nippon India Nifty Smallcap 250 Index Fund
- ₹15 Cr · 0.4% of that fund
| Scheme | Holding | Last month | Held since |
|---|---|---|---|
| Nippon India Nifty Smallcap 250 Index Fund Nippon India Mutual Fund | ₹15 Cr | +0.03 L | Sep '24 |
| SBI Nifty Smallcap 250 Index Fund SBI Mutual Fund | ₹7 Cr | +0.01 L | Sep '24 |
| Nippon India Nifty Realty Index Fund Nippon India Mutual Fund | ₹2 Cr | −0.04 L | Mar '25 |
| Nippon India Nifty 500 Equal Weight Index Fund Nippon India Mutual Fund | ₹1 Cr | +0.00 L | Sep '24 |
| SBI Nifty 500 Index Fund SBI Mutual Fund | ₹0 Cr | −0.00 L | Sep '24 |
| SBI Nifty Small Cap 250 ETF SBI Mutual Fund | ₹0 Cr | +0.00 L | May '26 |
HDFC, Nippon India and SBI schemes, from their monthly disclosures. Changes are counted in shares, so a price move never looks like buying or selling.
Mutual funds Aug 2026
4 added, 2 trimmed — net +638 shares (+0.1%)
- Funds are sitting on
- -17%
- vs est. average cost
- Held by funds
- ₹26 Cr
- 6 schemes · ≈ 0.10% of the company
- Biggest holder
- Nippon India Nifty Smallcap 250 Index Fund
- ₹15 Cr · 0.4% of that fund
Shares held by these funds +96%
Sep '24 4.30 L shares Jul '26
All earnings calls (5)
Read the Q2 FY26 call →Learn to analyse Anant Raj
Guides on how to read this kind of business and the numbers that matter.