Brookfield India Real Estate Trust
Brookfield India Real Estate Trust REIT is an India-based commercial real estate vehicle. The investment trust's portfolio consists of campus-format office parks. Its commercial assets are located in Mumbai, Gurgaon, Noida and Kolkata.[1]
- Market Cap ₹ 11,299 Cr.
- Current Price ₹ 337
- High / Low ₹ 345 / 220
- Stock P/E 27.4
- Book Value ₹ 270
- Dividend Yield %
- ROCE 5.23 %
- ROE 5.21 %
- Face Value ₹
Pros
- Company is almost debt free.
Cons
- Tax rate seems low
- Promoters have pledged 73.5% of their holding.
* 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
Sector: Real Estate Investment Trusts Industry: Construction
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | TTM | |
|---|---|---|---|---|
| 957 | 0 | 0 | 429 | |
| 363 | 10 | 17 | 16 | |
| Operating Profit | 594 | -10 | -17 | 413 |
| OPM % | 62% | 96% | ||
| 274 | 72 | 471 | 0 | |
| Interest | 714 | 0 | 0 | 0 |
| Depreciation | 112 | 0 | 0 | 0 |
| Profit before tax | 41 | 63 | 454 | 413 |
| Tax % | 64% | 0% | 0% | |
| Net Profit | 15 | 63 | 452 | 412 |
| EPS in Rs | 13.50 | |||
| Dividend Payout % | 0% | 0% | 0% |
| Compounded Sales Growth | |
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| Compounded Profit Growth | |
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| TTM: | 121% |
| Stock Price CAGR | |
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| 1 Year: | 31% |
| Return on Equity | |
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| Last Year: | 5% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Jun 2022 | |
|---|---|---|---|---|
| 65 | 8,177 | 8,987 | 8,915 | |
| Reserves | -2,567 | 63 | 139 | 123 |
| 6,922 | 0 | 0 | 0 | |
| 956 | 134 | 5 | 9 | |
| Total Liabilities | 5,376 | 8,374 | 9,131 | 9,047 |
| 4,517 | 0 | 0 | 0 | |
| CWIP | 0 | 0 | 0 | 0 |
| Investments | 0 | 4,504 | 6,297 | 6,297 |
| 858 | 3,870 | 2,834 | 2,750 | |
| Total Assets | 5,376 | 8,374 | 9,131 | 9,047 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | |
|---|---|---|---|
| 532 | -1 | -26 | |
| 98 | -3,610 | 185 | |
| -436 | 3,773 | -144 | |
| Net Cash Flow | 194 | 162 | 14 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | |
|---|---|---|---|
| Debtor Days | 17 | ||
| Inventory Days | |||
| Days Payable | |||
| Cash Conversion Cycle | 17 | ||
| Working Capital Days | -163 | ||
| ROCE % | 1% | 5% |
Documents
Announcements
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Earnings Conference Call On Q1 FY 2023 Financial Results
12 Aug - Brookprop Management Services Private Limited as a manager of Brookfield India Real Estate Trust ('Brookfield India REIT') hosted a conference call on Thursday, August 4, …
- Disclosure of Voting results of EGM (Regulation 44(3) of SEBI (LODR) Regulations, 2015) 8 Aug
- Disclosure of Voting results of AGM (Regulation 44(3) of SEBI (LODR) Regulations, 2015) 8 Aug
- Intimation Of Newspaper Advertisement For Financial Results For The Quarter Ended June 30, 2022 8 Aug
- Update To The Letter Dated August 3, 2022 With Respect To Outcome Of Meeting Of Board Held On August 3, 2022 4 Aug
Annual reports
Concalls
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Feb 2022TranscriptPPT
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Nov 2021TranscriptPPT
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Aug 2021TranscriptPPT
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May 2021Transcript PPT
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May 2021TranscriptPPT
Asset Portfolio
As per FY21, the investment trust owns 4 office parks with total leasable area of ~14 million sq. ft. in gateway cities i.e. Gurugram, Noida, Kolkata and Mumbai.[1] The assets include :-
1. Candor Techspace G2 (Gurugram)
2. Candor Techspace N1 (Noida)
3. Candor Techspace K1 (Kolkata)
4. Nensington (Mumbai).[2]