you are here:

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 27, 16:00
65.00 -0.20 (-0.31%)
Volume
AVERAGE VOLUME
5-Day
26,803
10-Day
27,824
30-Day
79,498
8,380
  • Prev. Close

    65.20

  • Open Price

    66.00

  • Bid Price (Qty.)

    0.00 (0)

  • Offer Price (Qty.)

    0.00 (0)

NSE Live

Oct 27, 15:44
65.10 -0.35 (-0.53%)
Volume
AVERAGE VOLUME
5-Day
250,342
10-Day
283,942
30-Day
613,877
79,622
  • Prev. Close

    65.45

  • Open Price

    66.00

  • Bid Price (Qty.)

    0.00 (0)

  • Offer Price (Qty.)

    0.00 (0)

Annual Report

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

Chairman's Speech

Dear Shareholders, Things are finally changing for the better - both for the Indian economy in general and the real-estate industry in particular. After years of facing stiff and strong headwinds, the year 2014-15 has brought a welcome change and much-needed cheer for the real-estate sector. On this positive and optimistic note, we welcome you all to the Annual General Meeting of Anant Raj Limited. The Indian growth story is once again making headlines all over the world. Bold and directional steps by the government have revived sentiments and confidence, revitalizing the economic growth of the country. The Indian GDP for the year 2014-15 grew by an impressing 7.3 per cent, and the absolute size of the Indian economy crossed uS$ 2 trillion for the first time, a significant milestone indeed. The drastic fall in oil prices in the latter half of the year ensured that inflation came down to desirable levels, enabling the RBI to relax its monetary policies. In tandem with these favorable economic developments, the government''s focus on boosting infrastructure and real-estate sectors created benign conditions in the real-estate space. There was a palpable feeling of revival in demand, both in the residential as well as commercial sub- segments, as buyers, who had deferred their purchases, returned buoyed by lower interest costs. Changes in REIT rules by SEBI and further reduction for FDI in real-estate both in terms of minimum built-up area and amount to be invested, added to the building momentum. At Anant Raj Group, it was a year when there was only one focus - EXECUTION. We are progressing very well on our largest project till date - Anant Raj Estate. During the year, we ensured that all our energies were totally directed and focused on execution. This is evident from the fact that we were able to partially complete (Pocket A & B) the project, for which we were given one of the fastest partial completion certificates by the Haryana government. So far, we have fully developed 65 acres of land at Anant Raj Estate. We have started giving possesion of plots. Our low-cost housing project at Neemrana in Rajasthan is almost completely handed over to buyers, again showcasing our execution focus, as this was project was completely in record time. On the commercial projects front, the 1st Phase of IT Park at Panchkula was also completed with tenants already starting to locate inside. There was no new procurement in terms of our land bank. This is because we firmly believe that this is the time to execute. In terms of our financial performance, the key highlights were as under : - The total Income from Operations for the year was '' 484.08 crores against '' 483.41 crores for the previous year. - Profit Before Tax for the year was '' 175.45 crores compared to '' 124.94 crores in the previous year. - Profit After Tax for the year was '' 142.37 crores against '' 100.38 crores in the previous year. At Anant Raj Group, we have successfully gone through the tough times. One of the key reason for this is the fact that we did not reduce the prices of our ready projects. We have already done all the capex that was required, we have a substantial land bank and we have maintained our debt levels. Further, our mix of commercial assets are yielding us steady cash-flows in the form of rental income to the tune of '' 75 crores annually. These factors have given us the advantage to be firm on our prices, and we plan to keep our pricing policy on the same lines this year as well. Going forward, we believe that we are now looking at a very vibrant and exciting future. The government''s focus on infrastructure through initiatives Smart Cities and Housing for All are all directional steps to new growth and opportunities in the real-estate sector. There are unmistakable signs in the last few months in the form of increased activity across all the sub-sectors of the real-estate space: sales of homes are increasing and the absorption of commercial spaces is on the rise. The explosion of e-commerce has created a new category of commercial space lessees. All these factors bode well for the near and mid-term for Anant Raj Group. We are looking at a monetization opportunity of '' 7,000 crores over the next 4-5 years as we continue to relentlessly focus on execution, completing projects in record times. The Anant Raj Estate project alone promises monetization of '' 5,000 crores by 2020. In addition, we are expecting our commercial projects to attract more tenants and yield upwards for '' 300 crores in rental incomes by 2020. The new Metro Development Plan 2021 for Delhi will result in a huge gain for our land bank in Delhi. In the hospitality space, we are expecting the government to further increase FAR with housing scope, a move that would surely unlock the value of the 10 plots for hotel development we have. We are confident and convinced that we are poised for unprecedented growth and with our strategy of EXECUTION THE FOCUS, Anant Raj Group is ready and prepared Thank you for your trust and faith in Anant Raj Group. Yours faithfully, Ashok Sarin Chairman Anil Sarin Managing Director