Anant Raj Ltd.
NSE: ANANTRAJAnant Raj Ltd.: A 30-second snapshot
Anant Raj Ltd is a Delhi-based realty and data-centre operator trading at ₹488.2, roughly 34% below its 52-week high and 12% below its 200-DMA of ₹554.65. The company reported strong FY26 revenue and profit growth, but carries a debt-to-equity ratio of 11.70 and is subject to an active Enforcement Directorate money laundering inquiry that produced raids in April 2026. Sector quality score of 63 ranks 2nd of 6 realty peers, while ROE of 11.13% and FCF positivity in only 2 tracked years indicate leverage-driven, not cash-generative, expansion.
P/E
30.8
Forward P/E
15.6
ROE
+11.1%
Debt / Equity
11.70
Profit Margin
+21.5%
Div. Yield
+0.1%
5Y ROE > 15%
0/5
5Y FCF > 0
2/5
Quality
57/100
News
8 headlines · 3 positive · 4 negative
ANANTRAJ: FY26 saw strong revenue, profit, and margin growth, with major expansion in data centers - TradingView
TradingView
Anant Raj Ltd March-Quarter Consol Net Profit 1.47 Billion Rupees - TradingView
TradingView
ED conducts raids at Anant Raj Limited's Delhi office in money laundering case - Zee Business
Zee Business
ED Raids Anant Raj Limited's Delhi Office in Money Laundering Case - Dailyhunt
Dailyhunt
ED raids Anant Raj Limited office in Delhi in money laundering case - The Statesman
The Statesman
Recent context
- ·FY26 results released in May 2026 showed strong revenue, profit, and margin growth, with management highlighting major expansion in data-centre capacity; Q4 FY26 consolidated net profit was reported at ₹1.47 billion.
- ·The Enforcement Directorate conducted raids at the company's Delhi office on 24 April 2026 in connection with a money laundering case; the case details and scope of the inquiry have not been publicly disclosed beyond the raid itself.
- ·Analyst coverage remains thin with only 3 analysts, mean rating of 1.33 on the 1–5 scale (lower = more constructive); the forward PE of 15.62 versus trailing PE of 30.85 implies a consensus expectation of substantial near-term earnings growth.
Strengths
- +Quality score of 63 ranks 2nd among 6 realty peers tracked (ahead of DLF at 29, Godrej Properties at 44, Phoenix Mills at 55), reflecting relative operational and balance-sheet positioning within the sector.
- +Five-year revenue CAGR of 24.9% and earnings CAGR of 20.5% indicate sustained top- and bottom-line expansion over the period, with FY26 specifically noted for strong margin growth in the data-centre segment.
- +Debt trend is classified as falling, suggesting active deleveraging is underway even as D/E remains elevated at 11.70, and profit margin of 21.51% is among the higher readings in the peer group.
- +Forward PE of 15.62 versus trailing PE of 30.85 implies analysts are pricing in a significant earnings step-up; if realised, the current valuation multiple would compress substantially relative to peers such as DLF (31.7x) and Phoenix Mills (49.6x).
Weaknesses
- −Active ED money laundering inquiry with documented office raids on 24 April 2026 represents a material governance and legal risk; the event generated 3 of the 4 negative news headlines in the 8-article sample and the outcome of the investigation is unknown.
- −D/E of 11.70 is substantially above the realty peer set and characteristic of a developer reliant on debt to fund land acquisition and construction; FCF has been positive in only 2 of the tracked fiscal years, confirming the company is not self-funding growth.
- −ROE of 11.13% has not exceeded 15% in any tracked year (0 of available years), meaning equity holders are receiving sub-sector returns relative to peers such as Lodha (15.71%) and Oberoi Realty (14.91%) despite comparable or higher leverage.
- −Stock is 11.97% below its 200-DMA of ₹554.65 and 34.35% below its 52-week high, with a 3-month decline of 13.45% and RSI of 45.19 in neutral territory — price momentum is negative across both short and medium-term windows.
Open questions
- ?How does the Enforcement Directorate inquiry relate to the core real estate or data-centre business, and what is the potential range of financial penalties or operational disruptions if the case progresses?
- ?Is the 5-year earnings CAGR of 20.5% driven primarily by the data-centre segment, and if so, how dependent is that growth on continued debt-funded capital expenditure versus operating leverage?
- ?The debt trend is classified as falling — at what D/E level does management target long-term capital structure, and how does the data-centre expansion capex plan interact with deleveraging?
- ?Given the wide gap between trailing PE (30.85) and forward PE (15.62), what specific project completions or revenue recognition events underpin the consensus earnings step-up, and how sensitive is that estimate to construction or leasing delays?
Peer comparison: Realty
Ranks 2 of 6 on quality| Symbol | Name | P/E | ROE | Quality |
|---|---|---|---|---|
| ANANTRAJ | Anant Raj Ltd.You're viewing | 30.8 | +11.1% | 63 |
| Industry avg | across 5 peers | 31.5 | +12.3% | 49 |
| OBEROIRLTY | Oberoi Realty Ltd. | 23.5 | +14.9% | 65 |
| PHOENIXLTD | Phoenix Mills Ltd. | 49.6 | +11.1% | 55 |
| LODHA | Lodha Developers Ltd. | 24.7 | +15.7% | 54 |
| GODREJPROP | Godrej Properties Ltd. | 27.8 | +10.0% | 44 |
| DLF | DLF Ltd. | 31.7 | +10.0% | 29 |
Technical state
Current price
₹488.20
SMA 50
₹485.39
SMA 200
₹554.65
RSI (14)
45.2 (neutral)
From 52w high
-34.4%
1Y return
+6.3%
3M return
-13.4%
50-DMA
Above
200-DMA
Below
Algorithmic support levels
Algorithmic resistance levels
Risk flags
- highEnforcement Directorate conducted raids at Anant Raj Limited's Delhi office on 24 April 2026 in connection with an active money laundering case; multiple national outlets reported the event, generating 3 of the 4 negative headlines in the 8-article sample.
- highDebt-to-equity ratio of 11.70 is well above the realty sector norm for self-funded operators; FCF has been positive in only 2 of the tracked fiscal years, indicating the company depends on external capital to fund its expansion into data centres and residential projects.
- mediumStock trades at ₹488.2, which is 11.97% below its 200-DMA of ₹554.65 and 34.35% below its 52-week high; price has declined 13.45% over the past 3 months despite being marginally above the 50-DMA of ₹485.39.
- mediumROE of 11.13% has never exceeded 15% in any of the tracked years (0 of available years above 15%); consistency score of 60 and FCF positivity in only 2 years suggest capital returns are weak relative to the leverage being deployed.
- lowAnalyst coverage is thin at 3 analysts with a mean rating of 1.33 on a 1–5 scale (lower = more constructive); the small analyst count limits the reliability of the forward PE of 15.62 and any consensus-based inference.
Cross-section contradictions
- Trailing PE of 30.85 is near sector peer median, but the forward PE of 15.62 implies the market is pricing in an earnings near-doubling within 12 months — a compression this sharp in a company with D/E of 11.70 and active regulatory scrutiny is an unusually wide gap that warrants scrutiny of the underlying estimates.
- FY26 saw strong reported revenue, profit, and margin growth (per recent news), and the stock has returned +6.25% over the past 12 months, yet the stock remains 11.97% below its 200-DMA and has fallen 13.45% over 3 months — price action and fundamentals are pointing in opposing directions.
For informational purposes only. Not investment advice. VivaTrades is not a SEBI-registered Investment Adviser or Research Analyst. Market data sourced from public feeds; consult a registered adviser before any investment decision.
Fundamentals & technicals: refreshed 25 Jun 2026 · refreshed daily at 01:00 IST
AI synthesis (narrative, snapshot, strengths/weaknesses, peer ranking): generated 17 May 2026 · rotates through NIFTY 500 every ~5 days