Bagmane Prime Office REIT
Bagmane REIT has been registered with SEBI
on July 15, 2025 as a real estate investment
trust. The principal place of business of REIT
is situated at Bagmane Tech Park, Bangalore.
It owns and manages premium Grade A+ business parks in Bangalore.[1]
- Market Cap ₹ 36,516 Cr.
- Current Price ₹ 107
- High / Low ₹ 110 / 102
- Stock P/E
- Book Value ₹ 5.36
- Dividend Yield 1.40 %
- ROCE 0.00 %
- ROE -0.02 %
- Face Value ₹ 100
Pros
- Company has a good return on equity (ROE) track record: 3 Years ROE 40.2%
Cons
- Stock is trading at 20.0 times its book value
- Company has low interest coverage ratio.
- Company might be capitalizing the interest cost
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Consumer Discretionary Realty Realty Real Estate Investment Trusts (REITs)
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|
| 1,979.31 | 2,205.37 | 2,370.75 | 0.00 | |
| 415.44 | 495.57 | 484.21 | 0.26 | |
| Operating Profit | 1,563.87 | 1,709.80 | 1,886.54 | -0.26 |
| OPM % | 79.01% | 77.53% | 79.58% | |
| 23.21 | 30.50 | 20.13 | 0.00 | |
| Interest | 284.39 | 353.11 | 394.03 | 0.00 |
| Depreciation | 159.95 | 161.66 | 168.83 | 0.00 |
| Profit before tax | 1,142.74 | 1,225.53 | 1,343.81 | -0.26 |
| Tax % | 33.61% | 33.96% | 33.24% | 0.00% |
| 758.70 | 809.36 | 897.10 | -0.26 | |
| EPS in Rs | ||||
| Dividend Payout % | 0.00% | 0.00% | 0.00% | 0.00% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| TTM: | -100% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| TTM: | -100% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | % |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 40% |
| Last Year: | 0% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|
| Equity Capital | 6.08 | 6.04 | ||
| Reserves | 1,224.27 | 1,579.71 | ||
| 3,873.71 | 3,765.53 | |||
| 1,711.97 | 1,887.20 | |||
| Total Liabilities | 6,816.03 | 7,238.48 | ||
| 5,574.31 | 6,066.15 | |||
| CWIP | 4.89 | 28.50 | ||
| Investments | 0.00 | 0.00 | ||
| 1,236.83 | 1,143.83 | |||
| Total Assets | 6,816.03 | 7,238.48 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|
| 1,073.24 | 1,215.27 | 1,595.89 | ||
| -214.37 | -434.57 | -488.37 | ||
| -815.61 | -790.55 | -951.85 | ||
| Net Cash Flow | 43.26 | -9.85 | 155.67 | |
| Free Cash Flow | 856.89 | 816.86 | 1,137.67 | |
| CFO/OP | 82% | 93% | 107% |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|
| Debtor Days | 13.91 | 7.85 | ||
| Inventory Days | ||||
| Days Payable | ||||
| Cash Conversion Cycle | 13.91 | 7.85 | ||
| Working Capital Days | -213.50 | -235.48 | ||
| ROCE % | 33.22% |
Insights
In beta| Dec 2025 | |
|---|---|
| Committed Occupancy % |
|
| Completed Leasable Area msf |
|
| Hotel Keys Under Construction keys |
|
| Operational Solar Power Capacity MW DC |
|
| ROFO Pipeline - Expected Leasable Area msf |
|
| Total Leasable Area msf |
|
| Total Planned Solar Power Capacity MW DC |
|
| Weighted Average Lease Expiry (WALE) years |
Extracted by Screener AI
Documents
Announcements
-
Reg 23(5)(i): Disclosure of material issue
- Senior management to meet Edelweiss Mutual Fund and analysts on August 25, 2026.
-
Reg 23(5)(i): Disclosure of material issue
- Q1 FY27 earnings call transcript covers results, 1.5/unit distribution, 98.7% occupancy, and growth plans.
-
Reg 23(5)(i): Disclosure of material issue
- Audio recording of Q1 FY27 earnings conference call held August 12, 2026.
-
Reg 23(5)(i): Disclosure of material issue
- Published newspaper ads for approved unaudited Q1 FY2026-27 consolidated results on August 12, 2026.
-
Reg 23(5)(i): Disclosure of material issue
- Q1 FY27 results: ₹5,100 million maiden distribution, ₹1.50 per unit; record date August 14, 2026.
Annual reports
No data available.
Portfolio Overview:[1]
a) Office Parks:
6 premium Grade A+ business parks with
20.3 msf of Total Area, comprising 19.6 msf
of Leasable Area as of December 31, 2025, including 16.6 msf of Completed Area, 1.0 msf
of Under Construction Area, 2.0 msf of Future Development Area
b) Hotels:
2 under-construction hotels totalling
607 keys with a Built-up Area of 0.7
msf
c) Solar Projects:
4 solar power projects (3 operational
and 1 under construction) with a total
annual capacity of 164.4 MW (DC), of
which 91.9 MW (DC) is operational as
of Dec 31, 2025.