Best Data Center Stocks in India 2025

Data centers play a crucial role in the current digital age and technological advancements by supporting all the crucial digital services, including cloud computing, artificial intelligence, e-commerce, and streaming platforms. Investing in data center stocks provides a strategic opportunity for diversification by taking advantage of the growing global demand for data storage and processing. 

As the usage of digital infrastructure increases, these stocks have the potential for consistent growth as well as long-term value to investors. The following article looks at some of the best data center stocks in India that will help build a futuristic investment portfolio.

What Are Data Center Stocks?

Data center stocks are shares of companies that develop, own, or operate large-scale data centers. These facilities house servers, storage systems, network infrastructure, and various associated components that are essential for cloud computing and data storage, making them vital to the modern digital economy.

Additionally, the companies that are either directly or indirectly related to data centers are also considered data center companies. These companies include infrastructure providers like building, maintaining, and operating data centers, Cloud hosting providers, Server and storage equipment manufacturers, Chipmakers, Cooling and power infrastructure providers, and Networking and Cybersecurity service providers.

List of Best Data Center Stocks in India

Here is a list of the top data center stocks in India for 2025, based on market capitalization, P/E ratio, debt-to-equity ratio, and other important financial metrics.

Note: All the information regarding shares is recorded as of 27 February 2025

Overview of Best Data Center Stocks in India

Now that we know the top data center stocks in India, let’s discuss an overview of these companies to understand their business models, strengths, weaknesses, and key ratios.

1. E2E Networks

E2E Networks Ltd, established in 2009, primarily operates in cloud computing, AI/ML cloud platform,  and data center solutions with a main focus on offering affordable and scalable cloud infrastructure to startups, SMEs, and Enterprises primarily in India. The company's products and services include Cloud Servers, GPUs, dedicated physical servers and storage resources, and designing private cloud environments for businesses. 

Further, the company is popular for providing accelerated cloud computing solutions, including cutting-edge Cloud GPUs based on NVIDIA H100/A100 that are essential for data centers in India. The company has served over 70+ companies, including  Zomato, IndiaMART, MobiKwik, Times Now, ABP, Gamut, and IIIT.

Due to strong financials, a solid market presence, a diverse customer base, and a wide range of offerings, E2E Networks is one of the top data center stocks in India.

• Market Cap: Rs. 3,777 Cr 

• Current Price: Rs. 1,893

• Debt-to-Equity Ratio (DE): 0.37

• P/E Ratio: 101

• Return on Equity (ROE): 36.4%

2. Netweb Technologies India

Incorporated in 1999, Netweb Technologies is a key player in the data center ecosystem of India, providing high-performance computing, cloud, AI, and enterprise storage solutions and infrastructures that support hyper-scale, enterprise, and government data centers. 

Till now, the company has installed over 500+ supercomputing systems, 50+ private cloud and hyper-converged infrastructure (HCI) solutions, and 5,000+ AI-focused GPU-based systems. Notable clients include IIT Jammu, IIT Kanpur, NMDC data center, and Graviton Research Capital, and collaborated with key technology partners like Intel, AMD, Samsung, Nvidia, and Seagate to drive innovation in computing and data center solutions.

• Market Cap: Rs 8422 Cr.

• Current Price: Rs 1485

• Debt-to-Equity Ratio (DE): 0.02

• P/E Ratio: 83.3

• Return on Equity (ROE): 29.3%

3. Aurianpro Solutions

Established in 1997, Aurionpro Solutions Limited primarily offers advanced technology solutions, software products, and consulting services to the banking and other industries in India and abroad. Their products include Banking Transaction Platform, ACE Platform, Smart City and Transportation experience, and Cybersecurity Solutions. The company also provides consulting, design & engineering, cloud infra development and optimisation, and data warehousing for data centers. Till now, the company has served over 200+ clients, including major players from the BFSI, fintech, data centers, capital markets, telecom, and other sectors.

• Market Cap: Rs 7230 Cr.

• Current Price: Rs 1311

• Debt-to-Equity Ratio (DE): 0.02

• P/E Ratio: 41.5

• Return on Equity (ROE): 19.7%

4. Allied Digital Services

Incorporated in 1984, Allied Digital Services Ltd is a key player in IT services and digital infra in India. The company provides IT services, cloud solutions, cybersecurity, smart city solutions, and AI automation to enterprises, financial institutions, and government entities with a prime focus on cloud migration and AI-driven automation.

ADSL's role in data centers includes providing hybrid cloud solutions, data analytics, infrastructure management, cloud enablement, and cybersecurity, ensuring seamless operations for clients that rely on secure high-performance computing environments. The company has collaborated with over 10+ Fortune 100 companies worldwide.

• Market Cap: Rs 1155 Cr.

• Current Price: Rs 206

• Debt-to-Equity Ratio (DE): 0.09

• P/E Ratio: 21.5

• Return on Equity (ROE): 8.23%

5. Black Box

Incorporated in the year 1986 by Tata Telecom and formerly known as AGC Network Ltd, Black Box Limited is a global digital infrastructure integrator and system integration solutions, support services, and technology products to businesses in the United States, Europe, India, the Middle East & Africa, and Latin America.

The company offers products and services such as Unified Communication, Cyber Security, data center Solutions, and Digital Solutions. The company specializes in designing, and manufacturing rapidly deployable data center solutions that are crucial for companies in cloud computing and advanced data analytics. With the credibility of catering to 120+ Fortune 500 companies like Intel, Dell, Infosys, TCS, HCL, and IKEA, the company is well-positioned to capitalise on the booming data center industry.

• Market Cap: Rs. 6645 Cr

• Current Price: Rs. 392

• Debt-to-Equity Ratio (DE): 1.13

• P/E Ratio: 27.8

• Return on Equity (ROE): 42.5%

6. Orient Technologies

Orient Technologies Limited, established in 1997, is a leading IT solutions provider, specializing in IT infrastructure, cloud computing, and data management services, catering to industries like BFSI, pharma, healthcare, government, and ITES. Its offerings include data center solutions, end-user computing, managed services, and cloud solutions such as IaaS and PaaS. 

With a strong focus on data center solutions, Orient Technologies helps businesses efficiently manage and secure data, playing a crucial role in supporting digital transformation. Further, The company has served reputed clients, like Mazagon Dock, Tradebulls, Jyoti Labs, Hindustan Motors, DELL, and Coal India.

• Market Cap: Rs. 1346

• Current Price: Rs. 322

• Debt-to-Equity Ratio (DE): 0.03

• P/E Ratio: 26.3

• Return on Equity (ROE): 27.3

7. Techno Electric and Engineering Ltd

Techno Electric Ltd is an Engineering, Procurement, and Construction (EPC) company operating in the power infrastructure industry. The company owns, builds, and operates power and electricity infrastructure across various industries. 

The company also operates in the data centers segment, providing infrastructure solutions for power distribution, power management, and emergency power systems, which are critical for the uptime and efficiency of data centers, additionally, the company envisioned building 102 data centers across India by FY29. Further, the company served a number of government and private entities making it well-positioned to capitalise on growing power and data center demand.

• Market Cap: Rs. 10979 Cr

• Current Price: Rs. 945

• Debt-to-Equity Ratio (DE): NIL

• P/E Ratio: 34.2

• Return on Equity (ROE): 13.1%

• Dividend Yield: 0.77%

8. Marine Electricals (India)

Established in 1978, Marine Electricals Ltd is primarily engaged in providing integrated electrical automation solutions to defence and marine. The Company provides products and services like navigation equipment in new shipbuilding, EV charging solutions, and power distribution solutions for industries like shipbuilding, oil & gas, chemical, Automobile, and data center Buildings. 

Marine Electricals also claims a leadership position in data center power solutions, securing repeat orders from major clients like Adani Connex, Web Werks, STT, Bridge data centers, Netmagic, PDG, and other global companies like Equinix and BAM –DLR entering India.

• Market Cap: Rs. 2145 Cr

• Current Price: Rs. 155 

• Debt-to-Equity Ratio (DE): 0.23

• P/E Ratio: 58.4

• Return on Equity (ROE): 11.2%

9. Ananth Raj

Ananth Raj Limited, incorporated in 1985, offers fully integrated construction and infrastructure development services. The company specialises in real estate development, focusing on commercial complexes, IT parks, Special Economic Zones (SEZs), hospitality projects, and residential developments.

 In 2024, Ananth Raj Limited began constructing infrastructure and building solutions specifically designed for data centers. Additionally, they are in the process of transforming previously constructed IT buildings in three locations: Manesar, Rai, and Panchkula, into data centers.

• Market Cap: Rs. 16518 Cr

• Current Price: Rs. 483

• Debt-to-Equity Ratio (DE): 0.10

• P/E Ratio: 42.9

• Return on Equity (ROE): 8.05%

Benefits of Investing in Data Center Stocks

Now that we've covered the best data center stocks in India, let’s explore the key benefits of investing in this high-growth sector.

Growing Demand: 

The demand for data centers is growing exponentially, thanks to the rapid expansion of cloud computing, artificial intelligence, 5G networks, and big data analytics. This explosive growth is resulting in a massive need for data center infrastructure, creating significant revenue opportunities for companies in this sector. Investing in companies in this sector helps you capitalise on this development and make money.

Diversification: 

A direct benefit of investment in data center stocks is diversified exposure. A wide range of sub-industries are associated with the sector, including data center-focused real estate investment companies (REITs), cloud service providers, semiconductor manufacturers, networking companies, and cybersecurity firms. This means that investors can diversify risk while staying within a high-growth industry.

Government Initiatives: 

The Government is proactively encouraging and pushing for digitalization and Data Localization through various incentives, policies, and a favorable environment As a result, data center stocks stand to benefit from long-term government support, making them an attractive investment opportunity.

Resilient to Economic Downturns: 

Data centers have become critical infrastructures in today’s digital economy, making them relatively resistant to economic downturns. Whether the economy is booming or facing challenges, businesses and governments alike will continue to rely on data services, providing a defensive edge to this sector.

Risks of Investing in Data Center Stocks

While top data center stocks offer strong growth potential, investors should be aware of the key risks associated with this sector. Let’s explore the major challenges

Data Privacy and Security: 

Data centers store and process massive volumes of sensitive information, making them prone to hacks and cyber threats. A major security breach can lead to financial losses, legal liabilities, reputational damage, and loss of clients, impacting the company's stock performance.

Market Competition and Price Wars: 

The data center industry is highly competitive, with big players like AWS, Microsoft Azure, and Google Cloud dominating the market. Smaller firms may struggle to compete on pricing, innovation, and scalability, leading to lower profitability, and affecting company performance.

Customer Concentration Risk: 

Many data centers and related infrastructure providers rely on a few major clients for a significant portion of their revenue. Losing a key customer due to contract termination or shifting to in-house infrastructure can severely impact company earnings.

Geopolitical Conflicts: 

Geopolitical conflicts and trade restrictions can significantly impact the data center stocks. Many data centers rely on a global supply chain for essential hardware like semiconductors, servers, networking equipment, and cooling systems. Tensions between major economies (such as the U.S. and China or Russia and Western nations) can lead to export bans, tariffs, or supply chain disruptions, making it difficult for companies to procure critical components.

Should You Invest in Data Center Stocks?

Investing in data center stocks offers strong long-term potential, driven by the rising demand for cloud computing, AI, and digital infrastructure. As businesses and governments expand their reliance on high-speed connectivity and secure data storage, the need for advanced data centers continues to grow. However, investors should consider challenges such as high capital costs, regulatory requirements, and energy consumption concerns. Despite these risks, the sector's rapid expansion and critical role in the digital economy make it an attractive opportunity for those looking to capitalize on the future of technology.

Conclusion

Data centers are the backbone of the digital economy, fueling cloud computing, AI, and enterprise solutions. With data consumption on the rise and tech innovation accelerating, the sector is primed for strong growth and steady revenue. As businesses increasingly rely on cloud services, data centers provide critical infrastructure to meet demand.

However, challenges like cybersecurity threats, evolving regulations, and high operational costs persist. Despite these risks, data center stocks offer attractive long-term potential for investors who navigate these hurdles effectively. With the continued digital transformation, the sector presents a solid investment opportunity for those looking for sustainable growth.