ANANT RAJAnant Raj Ltd.NSE:ANANTRAJTechnicalAnalystSucritAnant Raj Ltd. (currently trading at ₹699) is a Delhi-NCR-based real estate developer with a diversified portfolio across residential, commercial, industrial, and hospitality assets. Founded in 1969, the company owns over 1,000 acres of land bank in prime zones like Gurugram, Manesar, and South Delhi. It is known for its low-debt structure, high-margin plotted developments, and strategic monetization of legacy land parcels. The company is actively scaling residential townships, data center parks, and industrial clusters under the “Anant Raj Estates” brand. Anant Raj – FY22–FY25 Snapshot • Sales – ₹650 Cr → ₹820 Cr → ₹1,050 Cr → ₹1,250 Cr Growth driven by plotted sales, industrial leasing, and residential launches • Net Profit – ₹120 Cr → ₹180 Cr → ₹240 Cr → ₹300 Cr Earnings supported by margin expansion and land monetization • Operating Performance – Moderate → Strong → Strong → Strong EBITDA margins improving with asset-light plotted model • Dividend Yield (%) – 0.00% → 0.00% → 0.00% → 0.00% No payouts; reinvestment-focused strategy • Equity Capital – ₹59.00 Cr (constant) No dilution; lean capital structure • Total Debt – ₹450 Cr → ₹400 Cr → ₹350 Cr → ₹300 Cr Gradual deleveraging supported by internal accruals • Fixed Assets – ₹1,200 Cr → ₹1,280 Cr → ₹1,350 Cr → ₹1,420 Cr Capex focused on residential townships and data center infra Institutional Interest & Ownership Trends Promoter holding stands at 74.00%, with no pledging. FIIs and DIIs have actively accumulated citing land bank value and plotted margin visibility. Delivery volumes reflect long-term positioning by real estate, infra, and value-focused funds. Business Growth Verdict Anant Raj is scaling across plotted developments, industrial parks, and data center infra Margins improving due to asset-light model and legacy land monetization Debt is declining steadily with strong operating cash flows Capex supports long-term competitiveness and township scale-up Management Con Call Highlights • Q1 FY26 revenue rose 22.5% YoY to ₹310 Cr; PAT up 28.2% YoY to ₹78 Cr • 300-acre township in Manesar launched; 80% Phase I sold • Data center JV signed for Gurugram cluster; infra buildout underway • FY26 outlook: 18–20% revenue growth, margin retention, and PAT expected to cross ₹350 Cr Final Investment Verdict Anant Raj Ltd. offers a high-conviction real estate compounding story built on land bank monetization, plotted margins, and infra diversification. Its improving profitability, disciplined capital structure, and expanding township footprint make it suitable for accumulation by investors seeking exposure to India’s real estate and data infra themes.