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 ₹ 19,307 Cr.
- Current Price ₹ 318
- High / Low ₹ 324 / 255
- Stock P/E 78.1
- Book Value ₹ 231
- Dividend Yield 1.65 %
- ROCE 5.38 %
- ROE 1.32 %
- Face Value ₹ 274
Pros
- Company has reduced debt.
Cons
- Company has low interest coverage ratio.
- Promoter holding has decreased over last quarter: -5.27%
- Company has a low return on equity of 0.92% over last 3 years.
* 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 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|
| 131 | 877 | 1,197 | 1,787 | 2,386 | 2,472 | |
| 48 | 258 | 381 | 531 | 710 | 743 | |
| Operating Profit | 83 | 618 | 816 | 1,256 | 1,676 | 1,729 |
| OPM % | 63% | 71% | 68% | 70% | 70% | 70% |
| 5 | 22 | 32 | 61 | 82 | 62 | |
| Interest | 41 | 208 | 432 | 852 | 1,078 | 1,002 |
| Depreciation | 32 | 208 | 275 | 411 | 430 | 432 |
| Profit before tax | 15 | 224 | 140 | 54 | 250 | 356 |
| Tax % | -69% | -10% | 7% | 128% | 36% | |
| 25 | 246 | 131 | -15 | 160 | 260 | |
| EPS in Rs | 0.84 | 7.35 | 3.92 | 0.28 | 3.04 | 4.33 |
| Dividend Payout % | -0% | 274% | -0% | -0% | 7,034% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 40% |
| TTM: | 20% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | -13% |
| TTM: | 316% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | -2% |
| 1 Year: | 16% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 1% |
| Last Year: | 1% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|
| Equity Capital | 8,177 | 8,987 | 8,656 | 10,910 | 15,111 |
| Reserves | 25 | -105 | -322 | -786 | -1,081 |
| 2,111 | 5,190 | 5,508 | 12,113 | 9,083 | |
| 681 | 713 | 799 | 3,302 | 3,475 | |
| Total Liabilities | 10,995 | 14,786 | 14,641 | 25,539 | 26,588 |
| 10,107 | 13,632 | 13,546 | 23,998 | 23,855 | |
| CWIP | -0 | -0 | -0 | -0 | -0 |
| Investments | -0 | -0 | -0 | -0 | 1,072 |
| 887 | 1,154 | 1,095 | 1,540 | 1,660 | |
| Total Assets | 10,995 | 14,786 | 14,641 | 25,539 | 26,588 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|
| 140 | 606 | 953 | 1,433 | 1,848 | |
| 30 | -1,385 | -109 | -2,028 | -81 | |
| 146 | 667 | -838 | 756 | -1,571 | |
| Net Cash Flow | 316 | -111 | 5 | 161 | 196 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|
| Debtor Days | 67 | 9 | 16 | 15 | 10 |
| Inventory Days | |||||
| Days Payable | |||||
| Cash Conversion Cycle | 67 | 9 | 16 | 15 | 10 |
| Working Capital Days | -1,239 | -193 | -153 | -321 | -153 |
| ROCE % | 4% | 4% | 5% | 5% |
Documents
Announcements
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Reg 23(5)(i): Disclosure of material issue
4 Aug - Published unaudited Q1 FY2026 consolidated financial results in Economic Times on August 4, 2025.
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Reg 23(5)(i): Disclosure of material issue
4 Aug - Brookfield India REIT Q1 FY26 earnings call held; playback and transcript available till Aug 19, 2025.
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Reg 23(5)(g): Notice of Unitholder meetings
4 Aug - Brookfield India REIT proposes Rs. 10bn preferential issue of 32.26mn units at Rs. 310 for growth and debt repayment.
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Reg 23(5)(i): Disclosure of material issue
1 Aug - Brookfield India REIT approves ₹10bn preferential issue of 32.26mn units at ₹310, seeks unitholder approval Aug 26.
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Reg 23(5)(i): Disclosure of material issue
1 Aug - No deviation in use of ₹2305 Cr from institutional placement till June 30, 2025.
Annual reports
Concalls
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May 2025Transcript PPT
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Jan 2025Transcript PPT
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Nov 2024Transcript PPT REC
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Aug 2024Transcript PPT
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May 2024Transcript PPT
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Feb 2024Transcript PPT
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Dec 2023Transcript PPT
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Nov 2023TranscriptNotesPPT
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Aug 2023Transcript PPT REC
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Jul 2023TranscriptNotesPPTREC
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May 2023Transcript PPT REC
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Feb 2023TranscriptNotesPPT
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Nov 2022TranscriptNotesPPT
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Aug 2022TranscriptNotesPPT REC
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Jun 2022TranscriptNotesPPTREC
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May 2022Transcript PPT
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Feb 2022Transcript PPT
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Jan 2022TranscriptNotesPPT REC
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Nov 2021Transcript PPT
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Aug 2021Transcript PPT
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May 2021Transcript PPT
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May 2021TranscriptNotesPPT
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]