TickerSutra

NSE: ANANTRAJ · BSE: 515055 · ISIN INE242C01024

Anant Raj Limited stock analysis

Anant Raj Limited ranks #1260 in the TickerSutra evidence-ranked universe with a score of 55/100 and 95% data confidence. The latest captured fundamentals show ROCE of 12.1%, quarterly sales growth of 6.6% and quarterly profit growth of 18.9%.
Complete evidence gate pass governance reviewUpdated 29 Sept 2026
TICKERSUTRA SCORE55/100

Monitor only

#1260 of 5,430 ranked equities
Market capitalisation₹22,395.91cr
ROCE12.1%
Quarterly sales growth6.6%
Quarterly profit growth18.9%
P/E ratio38.7×
Promoter pledge0.0%

INVESTMENT EVIDENCE

What supports—and challenges—the thesis

Evidence in favour

  • Low debt/equity of 0.12×
  • 37.9% three-year sales CAGR
  • CWIP indicates an active capacity pipeline
  • No promoter shares are reported as pledged

Risks and constraints

  • CFO/EBITDA is below 0.6×

Still unresolved: Related-party exposure · Broad media sentiment

FINANCIAL TRAJECTORY

Recent operating history

PeriodRevenueOperating profitNet profitOperating margin
2022₹462cr₹76cr₹53cr16.0%
2023₹957cr₹197cr₹149cr21.0%
2024₹1,483cr₹334cr₹271cr23.0%
2025₹2,060cr₹492cr₹426cr24.0%
2026₹2,512cr₹656cr₹559cr26.0%
TTM₹2,551cr₹688cr₹580cr27.0%
Debt / equity0.12×
CFO / EBITDA-0.66×
Operating margin27.0%
Free cash flow₹-796cr
Sales CAGR · 3Y37.9%
Profit CAGR · 3Y55.4%

EXCHANGE EVENT TRIGGERS

Latest corporate disclosures

0 positive catalysts0 negative catalysts1 routine filings

MANAGEMENT COMMENTARY

Signals from filed documents

Backward integrationHigh severity · 1 mention
Positive catalyst

Starting as a first-time colocation provider, we have evolved into a full-spectrum, sovereign cloud services player, while earning national recognition along the way. Built on our foundation of owned land, ready infrastructure and execution excellence, our backward integration strategy is strengthened by global technology partners and a growing in-house tech team. This creates a rare, end-to-end capability that few p

Debt reductionHigh severity · 1 mention
Positive catalyst

Clarity of purpose, discipline in execution Anant Raj operates with complete clarity and single-minded focus on execution. Our business generates strong cash flows, which we have systematically channelled to reduce debt. And even while we were doing that, we convincingly invested in the digital infrastructure opportunity i.e.

Capacity expansion plansModerate severity · 2 mentions
Positive catalyst

The park includes 5.25 acres of greenfield land with a total FSI potential of 0.56 msf, where 50 MW IT load is envisaged Anant Raj Tech Park, Rai The facility is undergoing upgrades to support a 100 MW IT load and we are working for 20 MW. An additional 100 MW IT load is planned through greenfield development. Over the years, Anant Raj Cloud has established several competitive advantages that few can match, from glob

Regulatory approvalModerate severity · 17 mentions
Watch

This is a pivotal step to protect the citizens’ privacy and keep the nation’s data within its borders. We have fully equipped technology parks in Manesar , Rai, and Panchkula with essential infrastructure and regulatory approvals to support data centre development. The expansion of colocation and cloud services is ongoing, with 29 MW planned in subsequent phases.

Institutional interestLow severity · 11 mentions
Watch

The runway ahead for us is significant across both businesses. We raised `1,099.99 Crore via Qualified Institutional Placements to pursue growth opportunities. We are thankful to the investor community for wholeheartedly supporting the transaction and putting their confidence in us and the future roadmap.

Regulatory updatesLow severity · 28 mentions
Watch

This is a pivotal step to protect the citizens’ privacy and keep the nation’s data within its borders. We have fully equipped technology parks in Manesar , Rai, and Panchkula with essential infrastructure and regulatory approvals to support data centre development. The expansion of colocation and cloud services is ongoing, with 29 MW planned in subsequent phases.

Pricing pressureLow severity · 1 mention
Watch

Key stakeholder groups typically include customers, employees, investors, suppliers, contractors, regulatory authorities, and local communities. Customers No Newsletter , brochures and meetings Ongoing and as-per product launches Product quality, safety and availability, responsiveness of needs, timely delivery, fair and competitive pricing Suppliers/ Contractors/ Partners No Annual supplier and contractor meeting An

Regulatory observationLow severity · 2 mentions
Watch

Details of non-compliance Details of action taken E.g. fines, penalties, strictures, warning letter, debarment, etc. Financial Year 1 The intimation for the Analyst/Investor Meet was submitted on a shorter notice than prescribed under Regulation 30 read with sub-para 15(a) of Para A, Part A of Schedule III of the SEBI Listing Regulations.

HOW TO READ THIS PAGE

Evidence, freshness and limitations

What does the TickerSutra score mean?

The score ranks captured evidence across financial quality, growth, moat and margins, regulatory catalysts, governance, institutional trend and valuation comfort. It is a research-prioritization tool—not a buy recommendation or price target.

Which sources support this page?

Financial history, ownership and pledge data, NSE and BSE filings, annual reports and available earnings-call transcripts are combined here. Use the source trail and original exchange document before relying on a decision-critical fact.

Why can an item be unresolved?

Unresolved means the current captured source window did not provide enough evidence for that check. It does not establish that a risk or relationship is absent.

Maintained by TickerSutra Research · Snapshot updated 29 Sept 2026 · Read the methodology · Read the disclaimer

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