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 ₹ 35,102 Cr.
- Current Price ₹ 103
- High / Low ₹ 105 / 102
- Stock P/E 39.2
- Book Value ₹
- Dividend Yield 0.00 %
- ROCE 33.2 %
- ROE 63.7 %
- Face Value ₹ 100
Pros
Cons
* 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 | |
|---|---|---|---|
| 1,979 | 2,205 | 2,371 | |
| 415 | 496 | 484 | |
| Operating Profit | 1,564 | 1,710 | 1,887 |
| OPM % | 79% | 78% | 80% |
| 23 | 30 | 20 | |
| Interest | 284 | 353 | 394 |
| Depreciation | 160 | 162 | 169 |
| Profit before tax | 1,143 | 1,226 | 1,344 |
| Tax % | 34% | 34% | 33% |
| 759 | 809 | 897 | |
| EPS in Rs | |||
| Dividend Payout % | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
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| TTM: | 8% |
| Compounded Profit Growth | |
|---|---|
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| 5 Years: | % |
| 3 Years: | % |
| TTM: | 12% |
| Stock Price CAGR | |
|---|---|
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| Return on Equity | |
|---|---|
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| Last Year: | 64% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|
| Equity Capital | 6 | 6 | |
| Reserves | 1,224 | 1,580 | |
| 3,874 | 3,766 | ||
| 1,712 | 1,887 | ||
| Total Liabilities | 6,816 | 7,238 | |
| 5,574 | 6,066 | ||
| CWIP | 5 | 28 | |
| Investments | 0 | 0 | |
| 1,237 | 1,144 | ||
| Total Assets | 6,816 | 7,238 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|
| 1,073 | 1,215 | 1,596 | |
| -214 | -435 | -488 | |
| -816 | -791 | -952 | |
| Net Cash Flow | 43 | -10 | 156 |
| Free Cash Flow | 857 | 817 | 1,138 |
| CFO/OP | 82% | 93% | 107% |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|
| Debtor Days | 14 | 8 | |
| Inventory Days | |||
| Days Payable | |||
| Cash Conversion Cycle | 14 | 8 | |
| Working Capital Days | -214 | -235 | |
| ROCE % | 33% |
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 |
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| Total Leasable Area msf |
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| Total Planned Solar Power Capacity MW DC |
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| Weighted Average Lease Expiry (WALE) years |
Extracted by Screener AI
Documents
Announcements
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Investor Complaints
1d - Quarterly investor complaints statement for June 30, 2026: one complaint received and resolved, none pending.
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Reg 26E: Quarterly Compliance Report on Corporate governance
2d - Filed first corporate governance compliance report for quarter ended June 30, 2026 after May 14 listing.
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Reg 23(5)(i): Disclosure of material issue
2 Jul - Bagmane Green Power LLP converted into Bagmane Green Power Private Limited effective July 1, 2026.
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Reg 23(5)(i): Disclosure of material issue
30 Jun - Trading window closed from July 1, 2026 until 48 hours after Q1 FY27 results.
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Reg 23(5)(g): Notice of Unitholder meetings
25 Jun - Bagmane REIT schedules First Annual Meeting on July 20, 2026; seeks approval of audited FY2025-26 accounts and appointments.
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.