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Anant Raj Ltd.

BSE: 515055 | NSE: ANANTRAJ |

Shares falling in the `Trade-to-Trade` or `T-segment` are traded in this series and no intraday is allowed. This means trades can only be settled by accepting or giving the delivery of shares.
Series: BE | ISIN: INE242C01024 | SECTOR: Construction - Real Estate

BSE Live

Oct 22, 16:00
67.50 -0.50 (-0.74%)
Volume
AVERAGE VOLUME
5-Day
27,272
10-Day
34,298
30-Day
81,383
19,099
  • Prev. Close

    68.00

  • Open Price

    69.70

  • Bid Price (Qty.)

    67.35 (3)

  • Offer Price (Qty.)

    68.35 (265)

NSE Live

Oct 22, 15:50
68.15 0.85 (1.26%)
Volume
AVERAGE VOLUME
5-Day
193,419
10-Day
326,247
30-Day
634,822
186,001
  • Prev. Close

    67.30

  • Open Price

    67.35

  • Bid Price (Qty.)

    0.00 (0)

  • Offer Price (Qty.)

    68.15 (2495)

Annual Report

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

Chairman's Speech

Dear Shareholders, Since the banking crisis erupted in 2008, its domino effects have been felt across major economies and industries over the last five year. The real-estate sector is no exception, having faced its share of uphill challenges in the form of falling demand and rising costs, leading to pressures on both top-line and bottom-lines. However, the sector is now re-emerging from shadows with many positive developments happening over the last one year, and is set for an upturn in the ensuing year. The newly elected government has taken up infrastructure development as one of its top-priority. Many pending projects have been put on fast- track for immediate clearance. Many mega-projects are also being planned, including as industrial townships. Low- cost housing is also in the focus on the government as a priority. In the Delhi/NCR region, the revised Farm House Policy has unlocked the true development potential by creating zones for commercial and/or residential construction. A minimum of three dwelling units per acre has been allowed under the Delhi MDP 2021. This is in addition to increase in Minimum Floor Area Ratio (FAR) announced by DDA earlier in 2013. These developments indeed augur extremely well for the real-estate sector in Delhi / NCR region in general, and particularly for your Company. As you are aware, your Company is amongst the highest quality land-bank owners in Delhi/ NCR region. With these new developments, your Company''s 200 acres of land in Delhi is ready for monetisation through both residential as well as hospitality projects in the next 2-3 years. During the year 2013-14, your Company continued to focus on execution of projects and reducing its overall debts. You will recall that your Company has invested almost Rs. 1,000 crores over the last four years in acquiring new land as well as in its various projects. As part of its strategy to divest non-core assets, the Company sold some land parcels and utilised a part of it towards debt repayment, thereby reducing the gearing. On the execution front, your Company completed the Phase 1 of IT Park at Panchkula in Haryana. Work is going on in full swing at the marquee Anant Raj Estate project of the Company, where bookings have crossed over Rs. 700 crores. Your Company also completed the low-cost housing project at Neemrana in Rajasthan. Your Company was one of the first real-estate players to launch a low-cost housing project with Government of Rajasthan. 2,580 units have been completed in record time, and families have already started moving in. This highly successful project has created a template for the Company for low-cost housing, and the Company is planning to undertake larger projects. In spite of challenging operating environment, your Company was successful in delivering yet another year of outstanding results: This year the total revenue was Rs. 503.11 crores as compared to Rs. 578.08 crores in the previous year. EBIDTA for the year is Rs. 159.67 crores as compared to Rs. 178.27 crores in the previous year. PAT for the year is Rs. 100.38 crores compared to Rs. 106.04 crores in the previous year. What stands out is the fact that the Company was able to reduce its debt by Rs. 90.98 crores and the total debt for the year 2013-14 is Rs. 1,403.14 crores against Rs. 1,494.12 crores last year. Your Company is determined to reduce this debt further in the next couple of years and is considering sale of one or two of its hotel properties and /or hospitality land parcels. Moreover, with demand picking up, the additional cash flows will also be used to reduce debt. With the expected upturn in demand, your Company will at an enviable position as it has almost 6 million sq.ft. of ready to lease commercial assets. Previous experience has proven that ready-to-lease properties are always preferred, and first to be leased by clients. Over the next 4-5 years, we are confident that almost 60-80 per cent of our commercial assets will be leased out. Anant Raj Estate is the game-changer project of your Company. Situated off the Golf Course Road in south Gurgaon, it is the only township that has three 60 feet roads surrounding it. Spread over 160 acres, the township consists of plots, floors and villas, the construction of which is already under way. This project alone has a potential to generate revenues of approximately Rs. 5,000 crores in the coming 3-5 years for the Company. As we look ahead, we are excited that our 200 acre land bank in Delhi is now brimming with monetisation opportunities. Our commercial properties are ready to be leased out. Our hospitality properties are now looking more attractive. Our residential projects are being preferred by buyers for their location, quality and timely completion. The future, indeed looks exciting as we continue to EXECUTE. EMERGE. EVOLVE. EXPAND. Our congratulations to Mr. Amit Sarin, our CEO, who has been amongst the six 2014 India Business Leaders of the Year, who were awarded by HORASIS, at the Global Indian Business Meeting in the United Kingdom in June, 2014. The award recognises outstanding entrepreneurs who have been building and leading successful Indian firms, and is jointly organised by All India Management Association (AIMA) and Federation of Indian Chambers of Commerce and Industry (FICCI). This award underlines the harmonised synergy of experience and youth at Anant Raj that is at the heart of the Company''s next phase of growth. We thank all our investors, share- holders, bankers, partners, suppliers, customers and employees for the sustained faith and trust in the management of the Company, and assure them that we are on track to emerge as a leading integrated infrastructure development enterprise in India. Yours sincerely, Ashok Sarin Chairman Anil Sarin Managing Director