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 ₹ 11,173 Cr.
- Current Price ₹ 254
- High / Low ₹ 282 / 231
- Stock P/E 462
- Book Value ₹ 238
- Dividend Yield %
- ROCE 4.10 %
- ROE 1.52 %
- Face Value ₹
Pros
- Stock is trading at 1.07 times its book value
- Company is expected to give good quarter
- Company has been maintaining a healthy dividend payout of 242%
Cons
- Company has low interest coverage ratio.
- Company might be capitalizing the interest cost
* 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 | TTM | |
---|---|---|---|---|
131 | 877 | 1,197 | 1,547 | |
48 | 258 | 381 | 483 | |
Operating Profit | 83 | 618 | 816 | 1,064 |
OPM % | 63% | 71% | 68% | 69% |
5 | 22 | 32 | 62 | |
Interest | 41 | 208 | 432 | 692 |
Depreciation | 32 | 208 | 275 | 379 |
Profit before tax | 15 | 224 | 140 | 54 |
Tax % | -69% | -10% | 7% | |
25 | 246 | 131 | 24 | |
EPS in Rs | 0.84 | 7.35 | 3.92 | 0.59 |
Dividend Payout % | 0% | 274% | 452% |
Compounded Sales Growth | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | % |
TTM: | 35% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | % |
TTM: | -83% |
Stock Price CAGR | |
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10 Years: | % |
5 Years: | % |
3 Years: | 2% |
1 Year: | -8% |
Return on Equity | |
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10 Years: | % |
5 Years: | % |
3 Years: | % |
Last Year: | 2% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
Mar 2021 | Mar 2022 | Mar 2023 | Sep 2023 | |
---|---|---|---|---|
Equity Capital | 8,177 | 8,987 | 8,656 | 11,108 |
Reserves | 25 | -105 | -322 | -497 |
2,111 | 5,190 | 5,508 | 11,938 | |
681 | 713 | 799 | 3,416 | |
Total Liabilities | 10,995 | 14,786 | 14,641 | 25,965 |
10,107 | 13,632 | 13,546 | 24,119 | |
CWIP | 0 | 0 | 0 | 0 |
Investments | 0 | 0 | 0 | 0 |
887 | 1,154 | 1,095 | 1,846 | |
Total Assets | 10,995 | 14,786 | 14,641 | 25,965 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|
140 | 606 | 922 | |
30 | -1,385 | -78 | |
146 | 667 | -838 | |
Net Cash Flow | 316 | -111 | 5 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|
Debtor Days | 67 | 9 | 7 |
Inventory Days | |||
Days Payable | |||
Cash Conversion Cycle | 67 | 9 | 7 |
Working Capital Days | -1,236 | -164 | -126 |
ROCE % | 4% | 4% |
Documents
Announcements
Annual reports
Concalls
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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]