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Anant Raj Ltd.

BSE: 515055 | NSE: ANANTRAJ |

Represents Equity.Intra - day transactions are permissible and normal trading is done in this category
Series: EQ | ISIN: INE242C01024 | SECTOR: Construction - Real Estate

BSE Live

Dec 08, 16:00
76.70 3.55 (4.85%)
Volume
AVERAGE VOLUME
5-Day
85,323
10-Day
64,978
30-Day
115,469
368,595
  • Prev. Close

    73.15

  • Open Price

    75.85

  • Bid Price (Qty.)

    0.00 (0)

  • Offer Price (Qty.)

    0.00 (0)

NSE Live

Dec 08, 15:59
76.55 3.50 (4.79%)
Volume
AVERAGE VOLUME
5-Day
414,691
10-Day
390,612
30-Day
379,565
1,551,542
  • Prev. Close

    73.05

  • Open Price

    76.00

  • Bid Price (Qty.)

    0.00 (0)

  • Offer Price (Qty.)

    76.55 (64011)

Annual Report

For Year :
2018 2017 2016 2015 2014 2013 2012 2011 2010

Chairman's Speech

First easy phase over We used the word interesting deliberately. Making money in infrastructure development and construction sector was considered almost a certainty. Such were times. The industry has seen a huge boom across the country in the last few years where land prices spiralled, demand increased, while the players made merry. What a time it was for the industry. No one complained. As a great believer in the economic theory of reversal to the mean, the easy times are over. In our language the first phase of the boom time is over. In the first phase everyone made money, some more some less, so long as you were there. Second tough begun The second phase has begun. And it wont be as easy. Land prices have moved up, rather significantly. Input costs have begun to rise and supply is catching up with demand. It is in these tough times that infrastructure development and construction companies will emerge. And thats where our sweet spot is. Thats where our focus on NCR, our relentless attractiveness-of-location approach, our price sensitiveness and our policy only to lease will bring out the Anant Raj advantage. The Anant Raj advantage will get into focus in the next few years as the environment gets challenging. The tough will bring out the best in us. Expect above- average growth. We keep growing Thanks to our focus and philosophy not to get overwhelmed with the environment momentum, we continue to grow with consistency. We have used good times to strengthen our portfolio of land bank in NCR, strengthen our balance sheet to get aggressive in tough times and create a platform for consistent, long-term wealth for our shareholders through powerful performance. As we speak, we continue to grow. Over the next 5 years, we plan to undertake construction of 79.36 million sq.ft. Everything on time. As we only lease, expect strong lease rentals in the coming years. With securitization as a possibility and the cash flow from our GDR of USD 151 million, the balance sheet keeps getting stronger. And this is what will get the recognition in times to come. Recognition and respect As we continue to deliver strong numbers without any financial engineering, our advantage will get the desired recognition and respect. It will highlight our approach of building a great company, not just a good one. Our discipline and approach will differentiate us. Foray into Gujarat For the first time in the history of Anant Raj, we are moving into a new geography, Gujarat. We have keenly watched the market for a long time and find many similarities to NCR in its earlier days. Gujarat has a great environment for industrial growth and political will is very strong to make a difference. As more money and industrialisation flows into Gujarat, the infrastructure development and construction industry is bound to have a positive impact. We are leveraging our experience of understanding the location and price to develop projects in Gujarat. We are executing a project under the GIFT Scheme in Ahmedabad. We have also been allotted 25 acres for a tile manufacturing plant at Jhagadia Estate Gujarat by the Gujarat State Industrial Development Authority. We are excited about Gujarat, but we will learn and grow. Other developments Among other significant developments, we received an approval from the Government for development of an IT Special Economic Zone (SEZ) of 25 acres at Rai, Haryana. Besides, 25 acres of land was also allotted for an IT Park at Greater Noida (U.P.) by the Greater Noida Development Authority. The estimated size of the project is 3.6 million sq.ft. at a cost of Rs. 500 crores. Interesting times To conclude we are happy that the secon phase has begun and it is indeed going to be interesting. We feel confident about our philosophy and feel thats how we want to create value for our stakeholder. Consistency and longer term approach. To gradually build a business on strong foundation and trust. To ensure we do not get swayed with times and environment, but remain focused on our core. These interesting times will bring out the best. We thank every member and stakeholder of Anant Raj for their continued support and look forward to the same, as always. With every good wish, Yours Sincerely, Ashok Sarin Anil Sarin Chairman Managing Director