Embassy Office Parks REIT

Embassy Off.REIT Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Embassy Office Parks REIT

₹ 369 1.45%
19 Apr 10:56 a.m.
embassyofficeparks.com BSE: 542602 NSE - RR : EMBASSY
About

Embassy Office Parks REIT owns, operates and invests in rent or income generating real estate and related assets in India.[1] It is India's first publicly listed REIT and is Asia's largest official REIT by area.[2]

It is a Real Estate Investment Trust (REIT) that owns, operates or finances income producing real estate. It gives all investors access to the benefits of real estate investment with the advantage of investing in publicly traded units.
As per Indian regulations, it is compulsory for the REIT to distribute at least 90% of its cash flows to the unitholders of the trust.[3]

Key Points

Assets Portfolio
The trust's portfolio primarily comprises of various office parks and office buildings. It also include strategic amenities like hotels, and also a solar park.[1]
Presently, it owns and operates 8 office parks and 4 prime city-center offices with a total area available for lease of ~42.4 million sq. ft. across various cities such as Bangalore, Pune, NCR & Mumbai.[2][3]
Its assets also include 4 hotels with ~1,600 hotel rooms and a 100 MW solar project.[4][5]
Out of the total area, ~5.7 million sq. ft is in the development pipeline.[6]

Website BSE NSE - RR
  • Market Cap ₹ 34,996 Cr.
  • Current Price ₹ 369
  • High / Low ₹ 399 / 281
  • Stock P/E 29.5
  • Book Value ₹ 258
  • Dividend Yield 4.35 %
  • ROCE 5.54 %
  • ROE 5.00 %
  • Face Value ₹ 300
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Pros

  • Stock is providing a good dividend yield of 4.42%.
  • Company has delivered good profit growth of 37.9% CAGR over last 5 years
  • Company has been maintaining a healthy dividend payout of 260%
  • Company's working capital requirements have reduced from 24.5 days to 16.6 days

Cons

  • Promoter holding has decreased over last quarter: -23.6%
  • Promoter holding is low: 7.69%
  • Tax rate seems low
  • Company has a low return on equity of 4.01% 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

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
234 508 548 556 527 474 544 486 486 539 518 534 463
-3 232 12 96 7 8 9 14 14 141 9 12 10
Operating Profit 237 277 536 461 520 466 535 472 472 398 509 522 453
OPM % 101% 54% 98% 83% 99% 98% 98% 97% 97% 74% 98% 98% 98%
2 2 2 2 2 2 2 2 0 3 2 0 0
Interest 121 161 172 187 159 128 147 149 149 157 171 189 181
Depreciation 0 0 0 0 0 0 0 0 0 0 0 0 0
Profit before tax 118 118 366 275 363 341 390 324 323 245 341 334 272
Tax % 0% 1% 0% 0% 1% 0% 0% 0% 0% 1% 0% 0% 0%
118 117 365 274 361 340 389 324 323 243 340 333 272
EPS in Rs 1.24 1.24 3.85 2.89 3.81 3.58 4.10 3.41 3.41 2.57 3.58 3.52 2.86
Raw PDF
Upcoming result date: 25 April 2024

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
1,397 1,485 1,612 0 852 1,221 2,105 2,055 2,054
347 410 527 9 94 305 123 178 171
Operating Profit 1,050 1,075 1,085 -9 758 916 1,982 1,877 1,882
OPM % 75% 72% 67% 89% 75% 94% 91% 92%
204 224 254 0 16 5 8 7 6
Interest 710 695 633 0 285 470 646 602 698
Depreciation 316 324 323 0 0 0 0 0 0
Profit before tax 229 280 383 -9 489 451 1,344 1,282 1,191
Tax % 59% 37% 33% 0% 1% 1% 0% 0%
93 177 257 -9 481 447 1,340 1,279 1,188
EPS in Rs -0.12 6.24 4.72 14.13 13.49 12.53
Dividend Payout % 0% 0% 0% 0% 387% 461% 156% 163%
Compounded Sales Growth
10 Years: %
5 Years: 5%
3 Years: 34%
TTM: 3%
Compounded Profit Growth
10 Years: %
5 Years: 38%
3 Years: 40%
TTM: -14%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: 5%
1 Year: 13%
Return on Equity
10 Years: %
5 Years: 3%
3 Years: 4%
Last Year: 5%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 387 428 448 22,904 22,912 28,826 28,826 28,826 28,826
Reserves 2,784 2,967 3,030 -9 -878 -2,268 -3,023 -3,769 -4,137
Preference Capital 1 1 1 0 0 0 0 0
5,620 6,405 8,554 0 3,902 8,332 7,449 9,466 10,025
1,738 1,362 1,429 604 10 49 56 31 19
Total Liabilities 10,529 11,163 13,461 23,498 25,946 34,939 33,308 34,554 34,733
7,926 7,784 8,804 0 0 0 0 0 0
CWIP 299 651 957 0 0 0 0 0 0
Investments 761 171 291 18,745 19,080 24,174 23,933 24,626 24,545
1,543 2,557 3,410 4,753 6,866 10,765 9,375 9,928 10,188
Total Assets 10,529 11,163 13,461 23,498 25,946 34,939 33,308 34,554 34,733

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
925 987 1,251 3 -50 -33 -40 -48
-211 -951 -2,536 -468 -5,979 -5,259 3,466 668
-657 91 1,163 4,747 2,032 5,725 -3,623 -612
Net Cash Flow 58 127 -123 4,282 -3,997 433 -197 8

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 10 9 9 0 0 0 0
Inventory Days
Days Payable
Cash Conversion Cycle 10 9 9 0 0 0 0
Working Capital Days -195 29 127 24 30 27 17
ROCE % 10% 9% -0% 3% 3% 6% 6%

Shareholding Pattern

Numbers in percentages

Shareholding pattern is currently not available for this company.

Documents

Announcements

Annual reports

Credit ratings

Concalls