Nomura has reiterated its buy rating on Anant Raj share, while cutting the target price to Rs 700, citing reduced visibility on fund-raising through equity routes. Despite the cautious outlook, the brokerage continues to view the stock as attractive.
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Nomura forecasts a +40% EPS CAGR over FY26–27F, driven by strong growth prospects across segments.
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The brokerage has adopted a more conservative view on the data center (DC) segment, though the long-term capacity target of 307MW IT load remains largely on track.
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DC capacity is projected to reach 28MW IT load by 1QFY26F, up from 6MW currently.
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The company plans to fund 50% of its capex through internal accruals, and if it opts for loans instead of QIP, peak net debt-to-equity will stay under 0.5x.
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On the residential front, Anant Raj has lined up a robust launch pipeline of 3.1 million sq ft for FY26F, with a total gross development value (GDV) of around Rs 60 billion.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. Always consult with a qualified financial advisor before making investment decisions.
