Anant Raj (ANANTRAJ)
Fast GrowerFairStock Score: 64/100 — STEADY
Score breakdown: P/E: 0/3 · ROCE: 0/2 · Growth: 2/2 · Dividend: 0/1
Key Financials
| Current Price | ₹629.95 |
| Market Cap | ₹22,670.45 Cr |
| P/E Ratio | 38.6 |
| ROCE | 11.17% |
| ROE | 12.66% |
| Dividend Yield | 0.16% |
| Profit Growth | 114.05% |
| Debt/Equity | 0.12 |
| Sales Growth | 70.17% |
| Free Cash Flow | ₹25 Cr |
| Promoter Holding | 57.41% |
| 52-Week Range | ₹403 — ₹743.65 |
| Sector | Realty |
| Book Value | ₹160.85 |
Strengths
- 5-year revenue CAGR of 52.47% and latest profit growth of 36.77% show strong growth.
- Low debt/equity ratio of 0.13 provides balance sheet cushion.
- Promoter holding at 57.41% aligns ownership interests.
- Altman Z-Score of 3.82 indicates low bankruptcy risk.
- Piotroski F-Score of 7/9 and FairStock Score 61/100 suggest steady financial health.
Concerns
- Valuation rich: P/E 36.19, P/B 4.41, EV/EBITDA 48.58; Graham Number ₹204.91 vs price ₹510.10 gives negative margin of safety.
- DCF intrinsic value of ₹36.42 is far below current market price, suggesting little cushion.
- Free cash flow only ₹25 Cr, weak against reported profit of ₹144 Cr in the latest quarter, raising earnings quality concerns.
- Dividend yield of 0.14% is negligible, and PEG of 1.87 indicates growth is already priced in.
AI Analysis
To the numbers, then. Anant Raj has grown at 52.47% revenue CAGR over five years; latest sales rose 22.61% and profit 36.77%. Those are fast-grower numbers. The balance sheet is clean: debt/equity 0.13, Altman Z 3.82, Piotroski 7/9. Promoters own 57.41%, which is a good sign. But the value case collapses at the price. At ₹510.10, I am paying 36.19 times earnings, 4.41 times book, and an EV/EBITDA of 48.58. The Graham Number, based on earnings and book value, is only ₹204.91, and my DCF estimate is lower at ₹36.42. Even allowing for a wide error margin, the current price leaves me no margin of safety—negative 158.56% by one conservative estimate. The business earns ROE of 12.66% and ROCE of 11.17%; these are respectable but not franchise-quality returns, and with a dividend yield of 0.14%, I get no income while waiting. I also note free cash flow of ₹25 Cr. That is weak next to a quarterly profit of ₹144 Cr. High reported earnings need to convert into cash before I trust them. Growth is real, but the market has already capitalised it. A 52% five-year CAGR cannot be extrapolated forever; a 36 P/E demands near-perfection. My job is to buy assets with a margin of safety, and this is the opposite: a fast grower with an optimistic price. I would put it on the watchlist, not in the portfolio.
Data from BSE/NSE filings. AI analysis is for educational purposes only — not investment advice. Scoring methodology · Disclaimer