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ANANTRAJ - Fundamental Analysis: Financial Health & Valuation

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Rating: 3.5

Last Updated Time : 19 Mar 26, 07:09 pm

Fundamental Rating: 3.5

Stock Code ANANTRAJ Market Cap 16,963 Cr. Current Price 471 ₹ High / Low 744 ₹
Stock P/E 59.2 Book Value 106 ₹ Dividend Yield 0.16 % ROCE 6.71 %
ROE 6.17 % Face Value 2.00 ₹ DMA 50 520 ₹ DMA 200 557 ₹
Chg in FII Hold 0.42 % Chg in DII Hold -0.62 % PAT Qtr 77.5 Cr. PAT Prev Qtr 74.2 Cr.
RSI 39.2 MACD -23.0 Volume 22,59,979 Avg Vol 1Wk 22,26,310
Low price 366 ₹ High price 744 ₹ PEG Ratio 1.03 Debt to equity 0.11
52w Index 27.8 % Qtr Profit Var 32.8 % EPS 8.24 ₹ Industry PE 25.5

📊 Financials

  • Revenue & Profitability: PAT improved slightly from ₹74.2 Cr. to ₹77.5 Cr., showing 32.8% quarterly variation. EPS at ₹8.24 is modest, reflecting limited earnings strength.
  • Margins & Returns: ROCE at 6.71% and ROE at 6.17% are weak, indicating low efficiency compared to industry peers.
  • Debt & Liquidity: Debt-to-equity ratio of 0.11 highlights low leverage, ensuring financial stability.
  • Cash Flow: Dividend yield of 0.16% provides minimal shareholder returns.

💹 Valuation

  • P/E Ratio: 59.2 vs Industry PE of 25.5 — trading at a significant premium.
  • P/B Ratio: Current price ₹471 vs Book Value ₹106 — ~4.4x book value, expensive.
  • PEG Ratio: 1.03 — indicates fair valuation relative to growth.
  • Intrinsic Value: Current price is above fair value, offering limited margin of safety.

🏢 Business Model & Competitive Advantage

  • Operates in real estate and infrastructure development with diversified projects.
  • Low debt enhances resilience and financial flexibility.
  • Weak returns limit competitive advantage compared to stronger peers in the sector.

📈 Entry Zone & Long-Term Guidance

  • Entry Zone: Attractive accumulation range between ₹420 – ₹450, near its 52-week low.
  • Long-Term Holding: Fundamentals are weak relative to valuation. Suitable for cautious investors seeking exposure to real estate growth. Accumulate only on dips.

✅ Positive

  • Debt-to-equity ratio of 0.11 ensures financial stability.
  • Quarterly PAT growth highlights operational improvement.
  • FII holdings increased by 0.42%, showing foreign investor confidence.

⚠️ Limitation

  • High P/E ratio (59.2) compared to industry average (25.5).
  • Weak ROCE (6.71%) and ROE (6.17%) highlight poor efficiency.
  • Dividend yield of 0.16% provides minimal shareholder returns.

📉 Company Negative News

  • DII holdings declined by 0.62%, showing reduced domestic institutional confidence.
  • RSI at 39.2 and MACD negative (-23.0) reflect bearish technical signals.

📈 Company Positive News

  • Quarterly PAT growth highlights improving earnings trajectory.
  • FII holdings increased, showing foreign investor confidence.
  • Strong trading volumes indicate liquidity and investor interest.

🏭 Industry

  • Real estate sector benefits from urbanization and infrastructure development.
  • Industry PE at 25.5 is much lower than company’s valuation, highlighting relative overpricing of ANANTRAJ.

🔎 Conclusion

ANANTRAJ shows modest earnings growth and low debt, but suffers from weak efficiency and high valuations. While foreign investors show confidence, domestic institutions remain cautious. Best strategy: accumulate cautiously near ₹420–₹450 and hold for long-term exposure to real estate growth, but monitor profitability and valuation risks closely.

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