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Anant Raj Limited (ANANTRAJ) Fair Value & Analysis

Real Estate · IN · Market cap ₹188B

AR Anant Raj Limited ANANTRAJ · NSE
Price₹614.65
Fair Value₹262.10
Upside-57.4%
Quality47/100
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Expensive Growth
Highly profitable · 22.1% net margin
Low debt · negative free cash flow
0.19% dividend yield
Mixed vs. peers (6/13)
Moderate moat 56/100
Evidence: High Range ₹196.58 – ₹327.63 Share as image

Fair value as of: Aug 2, 2026

From 9 valuation models · updated 11 days ago

Share price +4.3% over the past month.

Below-average quality, and screening another 57% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (₹327.63). The favourable scenario is already priced in.
  • Solid but not exceptional quality (47/100) and above fair value, neither a clear bargain nor a standout compounder.
  • As a real-estate business, asset- and dividend-based methods carry more weight here than a standard DCF.
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Price vs Fair Value (5 years)

₹934.43 ₹43.00 Fair Value ₹262.10 Apr 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 2, 2026.

How to read this chart

60‑month range ₹43.00 – ₹934.43 · fair‑value band ₹196.58 – ₹327.63 · the ₹614.65 price screens above the ₹262.10 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 2, 2026.

Full chart & analysis →

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Analysis

Anant Raj Limited (ANANTRAJ) currently trades at ₹614.65, while our model-based Fair Value estimate is ₹262.10, implying the stock looks roughly 57.4% overvalued today. The Quality Score stands at 47/100 (below-average quality), in the Real Estate sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: high).

Over the trailing twelve months, Anant Raj Limited generated revenue of ₹25.1B at a net margin of 22.1%. Revenue grew 19.6% year over year. It earns a return on equity of 11.1%. The balance sheet holds a net cash position of ₹2.3B. Fundamentals as of Aug 2, 2026

Our scenario range runs from ₹196.58 (bear case) to ₹327.63 (bull case); at ₹614.65, the current price sits above that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 17% below its 52-week high and 53% above its 52-week low, currently above its 200-day average. For context, the median of 10 Real Estate peers we cover trades at 0% fair-value upside, at -57%, ANANTRAJ screens richer than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model Bear Bear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull Bull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. Evidence
Highest evidence
Residual Income ₹139.17 ₹153.95 ₹259.10 76
Gordon GGM ₹6.39 ₹13.29 ₹21.09 70
DDM Multi-Stage ₹6.39 ₹11.21 ₹13.95 61
All 9 models by family
Dividend Discount
Gordon GGM ₹6.39 ₹13.29 ₹21.09 70
DDM Multi-Stage ₹6.39 ₹11.21 ₹13.95 61
Multiples
P/S Multiple ₹196.58 ₹262.10 ₹327.63 58
P/B Multiple ₹196.58 ₹262.10 ₹327.63 55
EV/EBIT ₹289.06 ₹381.79 ₹474.53 53
EV/EBITDA ₹243.14 ₹320.57 ₹398.00 54
EV/Revenue ₹164.28 ₹230.04 ₹295.80 43
Asset-Based
NCAV (Graham) ₹80.43 ₹107.77 ₹160.85 50
Economic Profit
Residual Income ₹139.17 ₹153.95 ₹259.10 76

Widest divergence: Multiples (₹262.10) versus Dividend Discount (₹11.21). Highest evidence: Residual Income (76).

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Key figures & financial health

Revenue (TTM) ₹25.1B
Revenue growth (YoY) +19.6%
Net margin 22.1%
Return on equity 11.1%
Free cash flow −₹5.9B FY2026
P/E ratio 32.9
More key figures
Operating margin 23.3%
EPS (TTM) ₹15.83
Dividend yield 0.2%
EPS growth (YoY) +20.5%
Net cash ₹2.3B FY2026

Figures from reported company fundamentals · as of Aug 2, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 47/100

Of which business quality 46 · Market factors (momentum, volatility) 55

Profitability 45
Margins and returns on capital today
Quality Growth 63
Are margins and returns improving?
Cashflow 0
Earnings quality: real cash, not paper profit
Fin. Strength 85
Balance sheet, leverage, solvency risk
Investment 28
Disciplined investing over empire-building
Low Volatility 65
Calm price path (market factor)
Momentum 50
Price trend over the last 3–12 months (market factor)
52W Momentum 53
Distance to the 52-week high (market factor)
Net Issuance 55
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

Anant Raj Limited is primarily engaged in the real estate and infrastructure development business in India and Singapore. It develops and constructs residential townships, group housings, commercial developments, information and technology parks, malls, office complexes, affordable housings, data centres, hospitality, and serviced apartments.

Full company description

Anant Raj Limited is primarily engaged in the real estate and infrastructure development business in India and Singapore. It develops and constructs residential townships, group housings, commercial developments, information and technology parks, malls, office complexes, affordable housings, data centres, hospitality, and serviced apartments. The company was formerly known as Anant Raj Industries Limited and changed its name to Anant Raj Limited in October 2012. The company was founded in 1969 and is headquartered in New Delhi, India.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

Anant Raj Limited reported revenue of ₹25.1B in FY2026 versus ₹4.6B in FY2022, a compound +52.7%/yr. Reported net income was ₹5.5B in FY2026, compounding +77.0%/yr from FY2022.

Growth Quality 62/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2026)
₹25.1B
Latest YoY
+21.9%
Avg. growth/yr (3Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+37.9%
Avg. growth/yr (5Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+58.7%
Avg. growth/yr (21Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+25.2%
Revenue +52.7%/yr
FY22 ₹4.6B
FY23 ₹9.6B
FY24 ₹14.8B
FY25 ₹20.6B
FY26 ₹25.1B
Net income +77.0%/yr
FY22 ₹565M
FY23 ₹1.5B
FY24 ₹2.7B
FY25 ₹4.3B
FY26 ₹5.5B
Character of growth · EPS growth decomposed (2015-2026) +15.8 % p.a.
Revenue per share +16.0 pp

of which total revenue +17.8 pp · buybacks/dilution −1.9 pp

EBIT margin −6.1 pp
Tax rate +0.8 pp
Residual (interest, one-offs) +5.1 pp

Absolute contributions in percentage points per year; they sum to the EPS growth rate. Start and end points are 3-year averages (details on hover).

ANANTRAJ screens 57% overvalued. Compare with Vinhomes Joint Stock Company →

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Cite: Fair Value Calculator (2026). "Anant Raj Limited Fair Value". https://www.fairvalue-calculator.com/stock/ANANTRAJ

Peer Group

Real Estate - Development · 586 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Quality Score 47 · Below median
Fair Value upside −57% · Bottom 25%
Return on equity (TTM) 11% · Top 25%
Return on assets 6% · Top 25%
Net margin (TTM) 22% · Top 25%
Operating margin (TTM) 23% · Above median
Revenue growth 20% · Above median
Dividend yield (TTM) 0.2% · Bottom 25%
Debt / equity 0.09× · Lower than median

Valuation Multiples vs Real Estate - Development median · lower = cheaper

P/E (TTM) 32.9× · Pricier than 75% of peers
P/B 3.24× · Pricier than 75% of peers
P/S (TTM) 7.47× · Pricier than 75% of peers
EV/EBITDA 28.0× · Pricier than 75% of peers

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 0 · sector 50
FUTURE 98 · sector 0
PAST 45 · sector 10
HEALTH 96 · sector 84
DIVIDEND 4 · sector 38

VALUE 0: the price sits above our fair-value range.

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Real Estate - Development stocks, each showing price versus our Fair Value estimate (as of Aug 2, 2026).

Stock Price Fair Value vs Fair Value
Vinhomes Joint Stock Company VHM 147,000 VND 147,415 VND +0%
DLF Limited DLF ₹657.75 ₹159.49 -76%
Lodha Developers Limited LODHA ₹1,188 ₹583.43 -51%
PT Pantai Indah Kapuk Dua Tbk, PANI 6,125 IDR 1,330 IDR -78%
Oberoi Realty Limited OBEROIRLTY ₹1,925 ₹1,183 -39%
Godrej Properties Limited GODREJPROP ₹2,102 ₹1,044 -50%
PT Jaya Real Property, Tbk., JRPT 1,080 IDR 1,674 IDR +55%
PT Bumi Serpong Damai Tbk, BSDE 555.00 IDR 1,388 IDR +150%
PT Sentul City Tbk, BKSL 64.00 IDR 84.16 IDR +32%
PT Ciputra Development Tbk, CTRA 555.00 IDR 1,388 IDR +150%

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Frequently asked questions

Is Anant Raj Limited (ANANTRAJ) overvalued or undervalued?
As of Aug 2, 2026, our model estimates a fair value of ₹262.10 versus a price of ₹614.65, about −57% (overvalued).
What is the fair value of ANANTRAJ?
Our model-based fair value for Anant Raj Limited is ₹262.10 (as of Aug 2, 2026), built from audited fundamentals. The current price is ₹614.65.
What is the quality score of ANANTRAJ?
Anant Raj Limited has a Quality Score of 47/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the revenue of Anant Raj Limited (ANANTRAJ)?
Anant Raj Limited reported trailing-twelve-month revenue of about ₹25.1B (latest available figure, as of Aug 2, 2026).
What is the net profit margin of ANANTRAJ?
The net profit margin of Anant Raj Limited is about 22.1%, meaning it keeps roughly 22.1% of revenue as net income. Based on the latest reported figures.
Does Anant Raj Limited pay a dividend?
Anant Raj Limited currently shows a dividend yield of about 0.19% relative to its recent price (as of Aug 2, 2026).

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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