ANANT RAJ INDUSTRIES

From being known as a ceramic tile company to now being recognized as a realty company, the progress has indeed been gradual. From a company, which seemed to be more about selling its land to now emerging, as a developer is good. And this is amply reflected in the financial performance for year ended 31/03/08, which has been superlative to say the least.

The total income increased by over 3 times at Rs.603.75 crore. EBIDTA was up 3 times at Rs.591.73 crore. PBT also jumped up by a whopping 3 times to Rs.580.20 crore and PAT rose again by another 3 times at Rs.436.80 crore. On an equity of Rs.58.93 crore, it posted an EPS of Rs.16.15 on a face value of Rs.2 per share.

The company has made a stronger foray into realty. The project relating to development & construction of IT Park at Manesar, Haryana is at an advanced stage of completion and would be operational by September 2008. It has undertaken to develop & construct an IT Park at Rai, Sonepat, Haryana. The 1st Phase of the project would be completed by January 2009 and the entire construction at the site would be completed by December 2009. The estimated cost of the project Rs.1000 crore. Further, the Company been granted approval by the Government for development of an IT Special Economic Zone (SEZ) on 25 acres of land at Rai, Haryana.

Moreover, its subsidiaries have been allotted 25 Acres of land at Greater Noida by Greater Noida Development Authority for development of an IT Park; 25 Acres of land at Jhaghadia Estate, Gujarat by Gujarat Industrial Development Corporation for setting up of an ceramic tiles manufacturing plant; 10 Acres of land at Jaipur, Rajasthan for setting up on IT Park and 10 Acres of land at Panchkula, Haryana for setting up an IT Park. The said project is a joint venture between Company and Monsoon Capital.

The Company´s hospitality project under the name "Romano Retreat" New Delhi is expected to be operational by July 2008 and other project named as "Romano Exotica" New Delhi would become operational by September 2008. These projects will be managed by Aitken Spence Hotels Holdings Ltd, an international hotel chain.

Currently quoted at Rs.198, with all realty stocks being beaten down, this stock too is facing the brunt. Once the market stabilizes, this stock will spurt up sharply from this level.
source s.p.tulsian