Anant Raj Ltd(ANANTRAJ)

NSE: ANANTRAJBSE: 515055

₹ 462.9-1.83%refreshed 23 Oct, 03:30 pm ISTMarket cap: ₹ 16,659 crNext results: 28 Oct 2026Website: anantrajlimited.com/Updated: 24 Oct 2026

About

Anant Raj Limited is one of the largest real estate developers in the Delhi-NCR region, with a legacy spanning over five decades, operating across residential development, annuity (commercial leasing), and data centre & cloud services. The company has delivered approximately 22.34 million sq. ft. of residential and commercial developments as of March 31, 2026, and reported FY26 revenue of ₹2,511.60 Cr. Through its 100% subsidiary Anant Raj Cloud Private Limited, it is developing a planned data centre IT load capacity of 357 MW across Haryana and Andhra Pradesh.^[1][2][3]

Business segments

Residential Business covers residential projects, group housing, affordable housing, plots and villas in Delhi-NCR.^[1]
Annuity Business covers IT parks, commercial buildings, hospitality/service apartments and malls/office complexes; operational leasable area stood at 1.92 msf in Q1 FY27.^[1][4]
Data Centre segment comprises co-location, cloud services and AI-lead services, operated through 100% subsidiary Anant Raj Cloud Private Limited (ARCPL).^[1]
DC and allied services contributed ₹90 Cr in Q1 FY27; full-year FY26 DC revenue was ₹176.49 Cr.^[4][3]

Key operating numbers

Data centre operational IT load: 28 MW as of Q1 FY27 (21 MW at Manesar + 7 MW at Panchkula).^[4]
Colocation realisation: ~₹90 lakh/month/MW; Cloud realisation: ~₹12 Cr/month/MW; DC EBITDA margin: 75% in H1 FY26.^[5]
Affordable housing portfolio: 4,511 units total (2,663 completed, 1,848 ongoing) as of FY26.^[1]
Group Housing 1 collections: ₹428 Cr collected of ₹1,850 Cr total as of H1 FY26.^[5]

Land bank and residential pipeline

Debt-free land bank of ~320 acres in Delhi-NCR as of Q1 FY27 (~220 acres on Golf Course Extension Road, Gurugram; ~100 acres in Delhi).^[4][1]
Flagship Anant Raj Estate township spans approximately 220 acres in Sector 63A, Golf Course Extension Road, Gurugram.^[1]
Planned residential pipeline in Sector 63A: 11.41 msf as of Q3 FY26.^[6]

Data centre operations and capacity

ARCPL is developing 357 MW of IT load across Rai, Panchkula, IMT Manesar (Haryana) and a facility in Andhra Pradesh.^[1]
Data centres hold ANSI/TIA-942-B-2017 Rated-3 certification, ISO/IEC 27001, ISO 27017, ISO 27018, ISO 9001, ISO 22301, ISO 20000-1 and IGBC Green Data Centre Pre-certified Gold.^[1]
Empanelled with MeitY as Sovereign Cloud Service Provider and with BSNL as data centre service provider.^[1][3]
Ashok Cloud, sovereign hyper-scalable cloud platform, launched October 2024 in association with Orange Business Services India Technology Pvt. Ltd., offering IaaS with plans for PaaS and SaaS.^[1]

Expansion and capex

DC IT load target: 63 MW by end of FY27 (35 MW incremental at Manesar and Rai), scaling to 117 MW by FY28 and 357 MW by FY2032.^[4]
Rai, Sonipat data centre expansion commenced: initially 20 MW IT load, total planned 200 MW (100 MW in existing building + 100 MW greenfield).^[6][5]
ARCPL to invest ~₹4,500 Cr in Andhra Pradesh for 50 MW DC, IT Park and cloud services by FY2031.^[4][3]
Anant Raj Center 1 expansion: 4.90 lakh sqft under development, expected additional rental ₹55 Cr p.a. after completion (target FY2029).^[4]
Anant Raj Center 2: 6.10 lakh sqft planned, expected additional rental ₹75 Cr p.a. after completion (target FY2029).^[4]
Delhi mixed-use development (commercial + service apartments + hotel) of 7 lakh sqft commenced at Mehrauli; Phase 1 target FY28.^[5]

Upcoming residential launches

Group Housing 2 (The Estate One, Sector 63A): 0.90 msf, RERA cleared as of Q1 FY27, estimated revenue ₹2,180 Cr; launch-ready.^[4]
Group Housing 3: ~1.20 msf, license in advanced stage, estimated revenue ₹2,886 Cr; targeted H1 FY27 launch.^[4]
The Estate Apartments 2: 0.40 msf, launched January 2026, estimated revenue ₹750 Cr, completion target December 2028.^[6]
Anant Raj Estate Phase IV (6.075 acres, ~5 lakh sqft) commenced; Phase V (9.11875 acres) approvals expected Q2 FY27.^[3]
Aashray 2 affordable housing (Tirupati): projected revenue ₹350 Cr; completion June 2027.^[4]

Recent developments

Board approved Composite Scheme of Arrangement (Q1 FY27) to demerge all DC and cloud operations into Ashok Cloud Pvt. Ltd., to be independently listed; shareholders to receive 1 Ashok Cloud share (FV ₹2) per 1 Anant Raj share held.^[4]
Anant Raj Cloud Singapore Pte. Ltd. and Orange Business Services Singapore signed MoU with Government of Haryana (filed October 7, 2026) to promote Haryana as a global hub for data centres, cloud and AI infrastructure.^[7]
MoU signed with Haryana Enterprise Promotion Centre (HEPC) to facilitate investments and adoption of Anant Raj's DC and cloud services across Haryana.^[4]
Infomerics upgraded credit rating to IVR A-/Stable (long-term) and IVR A2+ (short-term) in Q1 FY27; company achieved net debt-free status as of March 31, 2026.^[4][3]
Singapore subsidiary Anant Raj Cloud Singapore Pte. Ltd. commissioned to source data centre clients from South East Asia and other international markets.^[4]
QIP of ₹1,100 Cr raised in Q2 FY26 with strong FII and DII participation to fund data centre and cloud infrastructure scaling.^[6][5]
Birla Navya (Avarna JV with Birla Estate) Phase I fully delivered; Phase II occupancy certificates received and deliveries commenced; Phase III deliveries planned by end of FY28; all 4 phases expected to generate ₹1,000 Cr total cash flow for Anant Raj.^[4]

Market Cap

₹16,659 Cr

High / Low

₹667 / 403

Stock P/E

31.4

Price / Book

3.2

Book Value

₹161

EPS

₹15.4

No. of Shares

35.99 Cr

ROCE

12.1%

ROE

11.2%

OPM

26.1%

Debt / Equity

0.10

Sales

₹2,512 Cr

Net Profit

₹557 Cr

Promoter holding

57.4%

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