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 ₹ 28,613 Cr.
- Current Price ₹ 345
- High / Low ₹ 376 / 311
- Stock P/E 53.3
- Book Value ₹ 260
- Dividend Yield 1.91 %
- ROCE 5.36 %
- ROE 2.75 %
- Face Value ₹ 323
Pros
- Company is expected to give good quarter
- Company has delivered good profit growth of 80.1% CAGR over last 5 years
Cons
- Company has low interest coverage ratio.
- Company has a low return on equity of 1.72% over last 3 years.
- Promoters have pledged 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)
Part of Nifty REITs & Realty
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 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|
| 131 | 877 | 1,197 | 1,787 | 2,390 | 2,971 | 3,301 | |
| 48 | 258 | 381 | 531 | 716 | 869 | 947 | |
| Operating Profit | 83 | 618 | 816 | 1,256 | 1,674 | 2,102 | 2,354 |
| OPM % | 63% | 71% | 68% | 70% | 70% | 71% | 71% |
| 5 | 22 | 32 | 61 | 83 | 100 | 145 | |
| Interest | 41 | 208 | 432 | 852 | 1,078 | 975 | 1,108 |
| Depreciation | 32 | 208 | 275 | 411 | 430 | 469 | 507 |
| Profit before tax | 15 | 224 | 140 | 54 | 250 | 758 | 884 |
| Tax % | -69% | -10% | 7% | 128% | 36% | 29% | |
| 25 | 246 | 131 | -15 | 160 | 537 | 626 | |
| EPS in Rs | 0.84 | 7.35 | 3.92 | 0.28 | 3.04 | 6.42 | 7.25 |
| Dividend Payout % | 0% | 274% | 0% | 0% | 622% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 87% |
| 3 Years: | 35% |
| TTM: | 35% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 80% |
| 3 Years: | 54% |
| TTM: | 105% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | 6% |
| 3 Years: | 10% |
| 1 Year: | 9% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 2% |
| 3 Years: | 2% |
| Last Year: | 3% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Equity Capital | 8,177 | 8,987 | 8,656 | 10,910 | 16,419 | 20,812 |
| Reserves | 25 | -105 | -322 | -786 | -1,081 | -1,292 |
| 2,111 | 5,190 | 5,508 | 12,113 | 9,083 | 16,583 | |
| 681 | 713 | 799 | 3,302 | 2,166 | 3,313 | |
| Total Liabilities | 10,995 | 14,786 | 14,641 | 25,539 | 26,588 | 39,416 |
| 10,107 | 13,632 | 13,546 | 23,998 | 23,855 | 36,640 | |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 0 | 0 | 0 | 0 | 1,072 | 883 |
| 887 | 1,154 | 1,095 | 1,540 | 1,660 | 1,892 | |
| Total Assets | 10,995 | 14,786 | 14,641 | 25,539 | 26,588 | 39,416 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| 140 | 606 | 953 | 1,433 | 1,841 | 2,285 | |
| 30 | -1,385 | -109 | -2,028 | -74 | -6,048 | |
| 146 | 667 | -838 | 756 | -1,571 | 3,862 | |
| Net Cash Flow | 316 | -111 | 5 | 161 | 196 | 100 |
| Free Cash Flow | 91 | 492 | 948 | 1,415 | 1,840 | 2,284 |
| CFO/OP | 100% | 101% | 114% | 112% | 110% | 110% |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Debtor Days | 67 | 9 | 16 | 15 | 10 | 14 |
| Inventory Days | ||||||
| Days Payable | ||||||
| Cash Conversion Cycle | 67 | 9 | 16 | 15 | 10 | 14 |
| Working Capital Days | -1,239 | -193 | -153 | -321 | -153 | -176 |
| ROCE % | 4% | 4% | 5% | 5% | 5% |
Insights
In beta| Mar 2016 | Mar 2018 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|
| Committed Occupancy % |
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| Gross Asset Value (GAV) Rs Billion |
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| Operating Area MSF |
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| Gross Leasing MSF |
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| In-Place Rent Rs PSF/month |
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| Number of Office Tenants Count |
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| Re-leasing Spread % |
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| Weighted Average Lease Expiry (WALE) Years |
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Extracted by Screener AI
Documents
Announcements
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Reg 23(5)(i): Disclosure of material issue
- Unitholders’ EGM on Sept. 3, 2026 to approve GBKC acquisition for Rs. 17,000 million.
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Reg 23(5)(g): Notice of Unitholder meetings
- Unitholders’ EGM on Sept 3, 2026 to approve ₹1,700 crore GBKC acquisition and related funding.
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Reg 23(5)(i): Disclosure of material issue
- Newspaper advertisement published for unaudited Q1 FY2026 results ended June 30, 2026.
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Reg 23(5)(i): Disclosure of material issue
- Brookfield India REIT hosted Q1 FY2027 earnings call on August 11, 2026; playback and transcript available.
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Reg 23(5)(i): Disclosure of material issue
- Brookfield India REIT approved 50% GBKC acquisition for ₹17,000 million; unitholder vote on September 3, 2026.
Annual reports
Concalls
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Aug 2026TranscriptAI SummaryPPT
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May 2026Transcript PPT
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Jan 2026Transcript PPT
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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 2023TranscriptPPTREC
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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 2022TranscriptPPT REC
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Jun 2022TranscriptPPTREC
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May 2022Transcript PPT
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Feb 2022Transcript PPT
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Jan 2022TranscriptPPT 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]
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 $277 Billion in real estate Assets Under Management (AUM) and employing about 24,000 individuals across more than 50 countries.