1. At a Glance
Anant Raj Ltd, born in the ’80s brick-and-mortar era, just posted a blockbuster Q1 FY26 with ₹602 Cr revenue and ₹126 Cr profit. That’s a 38% YoY profit jump and an EPS of ₹3.67—faster than cement drying in a Gurgaon summer. With data centers now part of the blueprint, the “Raj” seems ready for a digital coronation. But is the 42x P/E just a REIT-fueled fantasy?
2. Introduction with Hook
Imagine your uncle who built housing colonies in the 80s suddenly launching data centers and hosting tech investor days titled “Soil to Server.” Welcome to the Anant Raj plot twist.
What was once your classic NCR real estate stock is now adding server racks to its cement blocks. Revenue doubled in 2 years, profit 4x in 3, and now it wants to trade like a tech stock.
Just one question: Is this a real estate company or the next Hiranandani Data Parks?
3. Business Model (WTF Do They Even Do?)
Historically:
- Built 9.96 million sq. ft. of real estate: housing, malls, IT parks, hotels, SEZs
- Projects in: Delhi, Haryana, Andhra, Rajasthan
- Current land bank: Huge. Dusty. Profitable.
Now:
- Data centers (6 MW live, expansion ongoing)
- Commercial leasing
- Residential launches: premium and affordable
“Basically, they built buildings. Now they put servers inside them. #DiversificationLevelBoss”
4. Financials Overview
