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 ₹ 21,323 Cr.
- Current Price ₹ 333
- High / Low ₹ 355 / 255
- Stock P/E 57.6
- Book Value ₹ 229
- Dividend Yield 3.56 %
- ROCE 5.38 %
- ROE 1.53 %
- Face Value ₹ 310
Pros
- Company has reduced debt.
- Stock is providing a good dividend yield of 3.56%.
Cons
- Company has low interest coverage ratio.
- Promoter holding has decreased over last quarter: -1.33%
- Company has a low return on equity of 1.10% over last 3 years.
- Promoters have pledged or encumbered 90.0% 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
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 | 2,552 | |
| 48 | 258 | 381 | 531 | 710 | 776 | |
| Operating Profit | 83 | 618 | 816 | 1,256 | 1,676 | 1,776 |
| OPM % | 63% | 71% | 68% | 70% | 70% | 70% |
| 5 | 22 | 32 | 61 | 82 | 70 | |
| Interest | 41 | 208 | 432 | 852 | 1,078 | 919 |
| Depreciation | 32 | 208 | 275 | 411 | 430 | 434 |
| Profit before tax | 15 | 224 | 140 | 54 | 250 | 493 |
| Tax % | -69% | -10% | 7% | 128% | 36% | |
| 25 | 246 | 131 | -15 | 160 | 384 | |
| EPS in Rs | 0.84 | 7.35 | 3.92 | 0.28 | 3.04 | 5.98 |
| Dividend Payout % | 0% | 274% | 0% | 0% | 572% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 40% |
| TTM: | 14% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | -9% |
| TTM: | 234% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 5% |
| 1 Year: | 16% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 1% |
| Last Year: | 2% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|
| Equity Capital | 8,177 | 8,987 | 8,656 | 10,910 | 15,111 | 15,758 |
| Reserves | 25 | -105 | -322 | -786 | -1,081 | -1,126 |
| 2,111 | 5,190 | 5,508 | 12,113 | 9,083 | 9,112 | |
| 681 | 713 | 799 | 3,302 | 3,475 | 3,652 | |
| Total Liabilities | 10,995 | 14,786 | 14,641 | 25,539 | 26,588 | 27,396 |
| 10,107 | 13,632 | 13,546 | 23,998 | 23,855 | 23,769 | |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 0 | 0 | 0 | 0 | 1,072 | 980 |
| 887 | 1,154 | 1,095 | 1,540 | 1,660 | 2,647 | |
| Total Assets | 10,995 | 14,786 | 14,641 | 25,539 | 26,588 | 27,396 |
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 Dec - Institutional placement opened Dec 4, 2025; floor price ₹327.33 per unit.
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Reg 23(5)(i): Disclosure of material issue
4 Dec - Approved pro forma financials for acquisition of Arliga Ecoworld (15 buildings, 48.1 acres); approvals Nov 4 and Nov 28, 2025
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Reg 23(5)(i): Disclosure of material issue
1 Dec - Manager held investor meetings Nov 21–28, 2025 on Q2/H1 results ended Sep 30, 2025.
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Reg 23(5)(i): Disclosure of material issue
28 Nov - Unitholders approved acquisition of Arliga Ecoworld and up to ₹35,000 million institutional placement (Nov 28, 2025).
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Reg 23(5)(g): Outcome of Unitholder meetings
28 Nov - Approve Rs.13,125 Crore Ecoworld acquisition; raise ₹35,000 million via institutional placement.
Annual reports
Concalls
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Aug 2025Transcript PPT REC
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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 2023TranscriptAI SummaryPPT
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Aug 2023Transcript PPT REC
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Jul 2023TranscriptAI SummaryPPTREC
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May 2023Transcript PPT REC
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Feb 2023TranscriptAI SummaryPPT
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Nov 2022TranscriptAI SummaryPPT
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Aug 2022TranscriptAI SummaryPPT REC
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Jun 2022TranscriptAI SummaryPPTREC
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May 2022Transcript PPT
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Feb 2022Transcript PPT
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Jan 2022TranscriptAI SummaryPPT 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 2021TranscriptAI SummaryPPT
Sponsor[1][2]
Brookfield is the sponsor of the REIT, which is a major entity in real estate, owning, operating, and managing one of the world’s largest and highest quality real estate portfolios, with approximately $278 Billion in real estate Assets Under Management (AUM) and employing about 25,000 individuals across more than 50 countries. The Sponsor Group also maintains a significant pipeline in India, owning an additional 26 msf of assets in complementary markets across the country.