Anant Raj
Stock Snapshot
Price Performance
Vista Outlook
Basis of our Recommendation
Anant Raj Limited is navigating a pivotal transformation, focusing on dual growth engines: its established real estate segment and an ambitious expansion into data centers. Management's optimistic outlook is underpinned by a robust pipeline of luxury residential projects in Gurugram, projected to generate substantial cash flows, while the data center initiative aims to scale capacity to 357 MW by FY32, capitalizing on rising demand for AI and cloud services. This strategic dual-track approach supports Vista's forecast of improving margins and revenue growth, despite potential execution risks and regulatory challenges. The company's strong land bank and government partnerships enhance its competitive position, providing a solid foundation for future growth. However, the execution of large-scale projects and timely regulatory approvals remain critical watchpoints. Overall, the favorable industry dynamics, characterized by improving pricing power and a stable economic backdrop, bolster Anant Raj's long-term growth prospects, aligning with Vista's expected upside of approximately 12.95%. Over the next 12-24 months, key opportunities include the successful launch of new residential projects and the scaling of data center operations, while headwinds may arise from rising construction costs and regulatory hurdles
Why We Like This Stock
- Strong pipeline of luxury residential projects in Gurugram expected to generate significant cash flows
- Ambitious data center expansion plan targeting 357 MW capacity by FY32, tapping into high-demand AI and cloud services
- Robust land bank and government partnerships enhance competitive positioning and support long-term growth
Things To Watch Out For
- Execution risks associated with large-scale infrastructure projects could impact timely delivery and profitability
- Regulatory challenges may hinder land monetization and project approvals, affecting growth timelines
- Rising construction costs could pressure profit margins, impacting overall financial performance
Key Parameters
Financial Snapshot
View Technicals Analysis →| Actuals | Forecast | ||||
|---|---|---|---|---|---|
| FY24 | FY25 | FY26 | FY27 | FY28 | |
| Revenue (Cr.) | 1,483 | 2,060 | 2,512 | 2,408 | 2,799 |
| Profit Before Tax (Cr.) | 319 | 491 | 662 | 671 | 785 |
| PBT Margin | 21.5% | 23.8% | 26.4% | 27.9% | 28.1% |
| Net Profit (Cr.) | 286 | 415 | 546 | 553 | 644 |
| Earnings Per Share | 7.7 | 11.5 | 15.1 | 15.3 | 17.9 |
Analyst Recommendations
| Broker | Recommendation | Target Price | Date |
|---|---|---|---|
| Motilal Oswal | ▲ Buy | 710 | 12-Aug-2026 |
| Nomura | ▲ Buy | 650 | 24-Jun-2026 |
Company Overview
Show Company Profile
Anant Raj Limited is primarily engaged in the real estate and infrastructure development business in India and Singapore. It develops and constructs residential townships, group housings, commercial developments, information and technology parks, malls, office complexes, affordable housings, data centres, hospitality, and serviced apartments. The company was formerly known as Anant Raj Industries Limited and changed its name to Anant Raj Limited in October 2012. The company was founded in 1969 and is headquartered in New Delhi, India.