I also believe that pe is high but the thing is that they are building data center business from cash generated through real estate business beside this they also have building ready for 15 Megawat capacity and also beyond that. So they have to incurr less Capex per Megawat l(only on machinery etc). Average rent they are getting per Megawat is 80,00,000/- per month for there 3 Megawat capacity. It’s a annuity business. Promoter Amit sarin also infused 50cr @ 280-285 Recently.Beside this company operate also in Delhi Ncr. Recently Oberoi Reality bought a land in Gurgaon(first venture outside Mumbai).The sole reason they ventured in Gurgaon market because from last two three years real-estate prices in this market are skyrockting. Annat Raj has huge presence in Gurgaon MARKET. If they executed well there plans they will emerge stronger.
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