Embassy Office Parks REIT

₹ 371 -0.77%
01 Jul - close price
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]

  • Market Cap 35,199 Cr.
  • Current Price 371
  • High / Low 407 / 327
  • Stock P/E 40.1
  • Book Value 273
  • Dividend Yield 0.00 %
  • ROCE 4.52 %
  • ROE 3.32 %
  • Face Value 300

Pros

  • Company has been maintaining a healthy dividend payout of 258.04%

Cons

  • Tax rate seems low
  • Company has a low return on equity of 3.12% for 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.

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022
550 529 551 562 545 561 588 764 761 757 764 770
117 118 122 299 99 90 113 307 166 165 159 175
Operating Profit 432 411 429 264 446 471 475 457 595 592 605 596
OPM % 79% 78% 78% 47% 82% 84% 81% 60% 78% 78% 79% 77%
44 34 41 49 29 27 35 30 31 35 30 38
Interest 83 83 94 120 137 144 136 228 207 221 208 193
Depreciation 139 144 118 126 118 119 136 198 196 199 199 202
Profit before tax 254 217 258 66 220 234 238 62 223 206 228 239
Tax % 13% -7% 2% 12% 7% 1% 10% 24% 8% 5% 9% -17%
Net Profit 222 232 253 58 204 233 215 47 205 196 208 279
EPS in Rs 2.88 3.01 3.28 0.75 2.65 3.01 2.27 0.49 2.16 2.07 2.20 2.95

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2019 Mar 2020 Mar 2021 Mar 2022
-0 2,193 2,457 3,053
9 655 602 663
Operating Profit -9 1,538 1,855 2,390
OPM % 70% 75% 78%
-0 168 115 132
Interest -0 382 645 829
Depreciation -0 528 571 796
Profit before tax -9 796 754 896
Tax % -0% 4% 7% 1%
Net Profit -9 766 698 888
EPS in Rs -0.12 9.92 7.37 9.37
Dividend Payout % -0% 243% 296% 235%
Compounded Sales Growth
10 Years: %
5 Years: %
3 Years: %
TTM: 24%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: 356%
TTM: 27%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: %
1 Year: 7%
Return on Equity
10 Years: %
5 Years: %
3 Years: 3%
Last Year: 3%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2019 Mar 2020 Mar 2021 Mar 2022
22,904 22,912 28,826 28,826
Reserves -9 -594 -1,733 -2,940
7,847 5,746 10,656 12,136
5,953 5,426 7,331 7,164
Total Liabilities 36,695 33,490 45,079 45,187
26,756 27,007 37,428 38,878
CWIP 502 411 1,371 710
Investments 2,552 3,636 2,412 2,363
6,885 2,436 3,868 3,235
Total Assets 36,695 33,490 45,079 45,187

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2019 Mar 2020 Mar 2021 Mar 2022
3 1,696 1,870 2,367
211 -2,148 -3,041 -1,182
4,747 -4,197 1,777 -1,514
Net Cash Flow 4,961 -4,650 606 -329

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2019 Mar 2020 Mar 2021 Mar 2022
Debtor Days 4 7 7
Inventory Days
Days Payable
Cash Conversion Cycle 4 7 7
Working Capital Days -176 -148 -147
ROCE % 4% 4% 5%

Shareholding Pattern

Numbers in percentages

Shareholding pattern is currently not available for this company.

Documents