Anant Raj Global Ltd — Stock Report

Anant Raj Global Ltd is a diversified real estate and infrastructure company operating across housing, commercial, and data-centre segments. The company has steadily built a portfolio of projects including residential townships, group housing, IT parks and rental infrastructure in key regions such as Delhi NCR, Haryana and Andhra Pradesh. Recently, it has made a strategic pivot into the digital infrastructure space by developing data-centre campuses, which offers a new growth avenue beyond traditional real-estate. Financially, Anant Raj reported robust growth for Q1 FY26 with net profit rising ~38% year-on-year and revenue up ~25%. The full-year FY25 also reflected strong performance: revenue from operations grew ~39% to ₹2,060 crore and EBITDA rose ~43% to ~₹532 crore. The company is managing debt well (debt to equity around ~0.12), which is a strength in a capital-intensive industry. On valuation, the company currently trades at a P/E of around ~48× and a P/B of ~4.22×, which indicates the market has already priced in significant growth expectations. Anant Raj’s strengths include its diversified and evolving business model — from real estate development to value-add data-centre infrastructure — and its improving execution in project delivery. Its land assets, presence in growth corridors, and ability to monetize projects provide structural advantage. The move into data centres aligns well with India’s digital infrastructure push, potentially opening longer-term sustained earnings beyond the cyclical real estate cycle. That said, the company also faces risks. Given the high valuation, any slowdown in real-estate demand or slower ramp-up of data-centre business could disappoint. Real-estate remains sensitive to interest-rate hikes, regulatory changes, and macroeconomic headwinds. The data-centre segment, although promising, is capital-intensive with long gestation, and execution risk remains.