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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

Nov 29, 16:00
65.30 -2.70 (-3.97%)
Volume
AVERAGE VOLUME
5-Day
40,920
10-Day
30,418
30-Day
105,432
47,143
  • Prev. Close

    68.00

  • Open Price

    67.05

  • Bid Price (Qty.)

    0.00 (0)

  • Offer Price (Qty.)

    0.00 (0)

NSE Live

Nov 29, 15:41
65.70 -2.05 (-3.03%)
Volume
AVERAGE VOLUME
5-Day
309,696
10-Day
282,030
30-Day
340,385
442,691
  • Prev. Close

    67.75

  • Open Price

    68.30

  • Bid Price (Qty.)

    65.70 (10000)

  • Offer Price (Qty.)

    0.00 (0)

Annual Report

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

Chairman's Speech

Dear Shareholders, We believe that with the decisions and strategic moves made by Anant Raj in 2010-11, we are all set to enter into the next orbit in Indian real estate. In many ways 2010-11 was a tipping point. For those who have been our shareholders for some time and know, Anant Raj, since inception resisted the temptation of going pan-India. We decided to remain core to our strength and focused on NCR. A discipline that we never broke and a discipline that ensured we did not stretch in the downtrend. Infact this discipline, coupled with a few more, ensured we emerged stronger than before. Another discipline we remained committed to was not to buy land expensive. During the peak on 2006 and 2007, it appeared that we were not aggressive as we sold land parcels when others were accumulating. We rather have stronger balance sheet was our ideal. The result : through the downtrend and upto 2009-10 we had no debt on our books and were generating surplus cash. We used the downtrend to execute and build commercial real estate that we believe will keep delivering strong cash flow. In the current year itself, our lease income was Rs. 76 crores. We expect this to double by 2012-13 due to additional shopping mall at Kirti Nagar, New Delhi and Hotel Tricolor at NH - 8. But that''s not all. Currently, of the completed IT Park at Manesar, only 50% is occupied. We are seeing a recovery in commercial real estate. Our commercial assets are in prime NCR locations like Jhandewalan, Kirti Nagar, Hotels at NH-8, and near Mehrauli in Delhi as well as at Manesar and Rai in Haryana. As our occupancy goes up, the entire effect is on the bottomline since we have already spent the capital to build this real estate. We are confident that we will surprise investors on the upside. 2010-11 also saw the renewed focus by Anant Raj on the NCR residential segment. If you would recall, over the last few years we executed mostly commercial, including, hospitality, retail and office space. This year, the focus on land acquisition was residential. This is why: One, we see strong demand for good locations and good projects priced attractively within NCR. Two, the land prices have corrected significantly to make residential investment ROI attractive. Three, there is far less competition to acquire land bank as most have their balance sheets stretched. Four, land banks are available at prime locations which ensure faster pre-sales and cash recovery cycle. Considering the above, Anant Raj re-entered residential and the aggression and confidence can be gauged from the fact that Anant Raj used leverage of Rs. 10 billion and invested in this land bank. We invested Rs. 837 cr in building a prime land bank that will deliver between Rs. 60 and Rs. 70 billion in revenues in the next five years. More importantly, there is inherent de-risking within the land bank. We are building luxury high premium residences at Hauz Khas in South Delhi and Bhagwan Das Road near Connaught Place. We are also building mid-income residences at Kapashere in Delhi and at Gurgaon and affordable residences in Sonepat, Haryana and Neemrana, Rajasthan . With this, we are present across the value chain of residential and yet committed to our focus on NCR. We are feeling confident that we used the downtrend to acquire prime residential land bank. We feel that with this land bank and its execution, Anant Raj has entered the next orbit of growth. Our business has a started the virtuous cycle. Cash from commercial and cash from residential will generate enough surplus for us to multiply our growth as we move ahead. 2010-11, on the one hand was a year when we leveraged to acquire and grow, and on the other hand, the quality of land bank and residential foray has built the foundation for the next phase of growth through higher predictable cash. Its time. Thank you very much for being with us in tough times and believing in the Anant Raj way of building a strong, stable and powerful real estate business through cash flows generated within and moderate leverage. Thank you. Yours sincerely, Ashok Sarin, Chairman Anil Sarin, Managing Director