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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 03, 16:00
66.00 -1.05 (-1.57%)
Volume
AVERAGE VOLUME
5-Day
29,548
10-Day
34,540
30-Day
105,771
14,543
  • Prev. Close

    67.05

  • Open Price

    67.20

  • Bid Price (Qty.)

    0.00 (0)

  • Offer Price (Qty.)

    0.00 (0)

NSE Live

Dec 03, 15:58
66.30 -0.90 (-1.34%)
Volume
AVERAGE VOLUME
5-Day
368,236
10-Day
308,304
30-Day
352,339
209,508
  • Prev. Close

    67.20

  • Open Price

    66.00

  • Bid Price (Qty.)

    66.30 (803)

  • Offer Price (Qty.)

    0.00 (0)

Annual Report

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

Chairman's Speech

2009-10 has been a watershed year at Anant Raj. Let me explain. In many ways, Anant Rajs story is that of being a contrarian. And yet not. Because we believe what we did should be the norm. Every player in the industry was busy buying land all over India to build a Pan-Indian presence. It became the norm. We were questioned. We were orthodox, but not conservative. Because we believed in our belief that real estate is a local business. In our business, other things like construction cost and market conditions are alike for all. The ability to create value comes from the quality and the price of the land bank. And this is where our thinking is different. We believe the quality of the land bank comes from the understanding of the development within the city. We focused on the Delhi-NCR region alone. There was no distraction. And hence we built up our land that is prime and futuristic keeping the development of NCR in mind. We believe in paying the right price for land, a price that will help us create value. And both are an equally important principle at Anant Raj, which doesnt change with market cycles. We have always focused on a strong balance sheet. Not stretched. As the market entered the downtrend, we sat on cash of Rs. 490 crores with minimal debt. In 2009-10, we bought about 3 mn. sq.ft. of prime land at Rs. 284 per sq.ft. in Delhi, Manesar and Sonepat. We deployed cash. We held on to our assets because we were not in a hurry to sell. We built a balanced portfolio of leased and for sale assets. In 2010-11, we expect our rental income to double from the current Rs. 48.95 crores as the Kirti Nagar Mall and hotels go live. This is assured cash every year. And this only goes up. We are going to complete 3.60 mn. sq.ft. of Commercial/IT (lease generating) incremental real estate in the next 24 months which includes 0.75 mn. sq.ft. of Shopping mall at Kirti Nagar which is to be delivered in the next 6 months. From April 2010 to 2013, we expect to sell 3 mn. sq.ft. of residential projects that should generate an additional cash flow of Rs. 2,000 crores for the Company. With the land prices being corrected and a strong balance sheet, we are also evaluating some great parcels of land in the established areas of Delhi-NCR. And we will share the developments with you as the year goes by. As I look ahead, I feel very confident. We are all set. We have a very strong balance sheet which will keep getting stronger. We have no pressure to sell. And we have no debt to pay off. We do not have any distraction as we focus on NCR for quality land at attractive prices. We are one of the largest land bank owners in NCR. We are executing ahead. And in NCR we will dominate and lead from the front. Before I conclude, I want to thank every stakeholder for their patience and belief in us. It was tough to see every company buying land across and not us. It was tough to see balance sheets becoming larger for others and not ours. And yet you believed in us. 2009-10 proved that our belief and conviction in our business principles were right. Business, we believe, is about conviction. Our conviction paid off. We have come out of the cycle stronger and better. We are at a strong inflection. Expect high growth ahead. Thank you for your belief in us. Ashok Sarin Anil Sarin (Chairman) (Managing Director)