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 ₹ 18,111 Cr.
- Current Price ₹ 298
- High / Low ₹ 324 / 251
- Stock P/E 113
- Book Value ₹ 231
- Dividend Yield 6.44 %
- ROCE 5.37 %
- ROE 1.32 %
- Face Value ₹ 274
Pros
- Company has reduced debt.
- Stock is providing a good dividend yield of 6.42%.
- Company is expected to give good quarter
Cons
- Company has low interest coverage ratio.
- Promoter holding has decreased over last quarter: -5.27%
- Company has a low return on equity of 0.96% 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
Sector: Real Estate Investment Trusts Industry: Construction
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 | |
|---|---|---|---|---|---|
| 131 | 877 | 1,197 | 1,780 | 2,444 | |
| 48 | 258 | 381 | 527 | 710 | |
| Operating Profit | 83 | 618 | 816 | 1,253 | 1,735 |
| OPM % | 63% | 71% | 68% | 70% | 71% |
| 5 | 22 | 32 | 74 | 23 | |
| Interest | 41 | 208 | 432 | 852 | 1,078 |
| Depreciation | 32 | 208 | 275 | 411 | 430 |
| Profit before tax | 15 | 224 | 140 | 64 | 250 |
| Tax % | -69% | -10% | 7% | 106% | 36% |
| 25 | 246 | 131 | -4 | 160 | |
| EPS in Rs | 0.84 | 7.35 | 3.92 | 0.54 | 3.04 |
| Dividend Payout % | 0% | 274% | 0% | 0% | 575% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 41% |
| TTM: | 37% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | -13% |
| TTM: | 4244% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | -3% |
| 1 Year: | 15% |
| 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 | -654 | -1,081 |
| 2,111 | 5,190 | 5,508 | 12,063 | 9,083 | |
| 681 | 713 | 799 | 3,293 | 3,475 | |
| Total Liabilities | 10,995 | 14,786 | 14,641 | 25,612 | 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 | 1,614 | 1,660 | |
| Total Assets | 10,995 | 14,786 | 14,641 | 25,612 | 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 | -1,236 | -164 | -126 | -126 | -110 |
| ROCE % | 4% | 4% | 5% | 5% |
Documents
Announcements
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Reg 23(5)(i): Disclosure of material issue
8 May - President of Brookfield India REIT Manager resigns effective May 8, 2025; CEO and CFO remain key personnel.
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Reg 23(5)(i): Disclosure of material issue
8 May - Brookfield India REIT submits ESG and sustainability report for FY ended March 31, 2024.
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Reg 23(5)(i): Disclosure of material issue
7 May - Brookfield India REIT publishes audited financials for year ended March 31, 2025, with clean audit opinion.
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Reg 23(5)(i): Disclosure of material issue
7 May - Brookfield India REIT announces audited financials for year ended March 31, 2025, showing growth and distributions.
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Reg 23(5)(i): Disclosure of material issue
7 May - Newspaper ad published for Q4 and FY 2025 financial results of Brookfield India REIT.
Annual reports
Concalls
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Jan 2025TranscriptPPT
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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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Jul 2022TranscriptNotesPPTREC
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Jun 2022TranscriptNotesPPTREC
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Feb 2022TranscriptPPT
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Jan 2022TranscriptNotesPPTREC
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Nov 2021TranscriptPPT
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Aug 2021TranscriptPPT
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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]