Knowledge Realty Trust
Knowledge Realty Trust is the largest office Real Estate Investment Trust (REIT) in India, backed by Blackstone and Sattva Group, with a diverse portfolio of 30 high-quality office properties across six major Indian cities, including Hyderabad, Mumbai, and Bengaluru. The REIT, which was established in 2025, boasts a significant Gross Asset Value (GAV) of approximately Rs 62,000 crore and serves a prestigious tenant mix of multinational corporations and leading domestic companies
- Market Cap ₹ 54,122 Cr.
- Current Price ₹ 122
- High / Low ₹ 129 / 103
- Stock P/E 170
- Book Value ₹ 102
- Dividend Yield 1.28 %
- ROCE 13.2 %
- ROE 14.0 %
- Face Value ₹ 100
Pros
- Company has reduced debt.
- Company is almost debt free.
Cons
- Company has low interest coverage ratio.
- Company's cost of borrowing seems high
* 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
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2025 | Jun 2025 | Sep 2025 | |
|---|---|---|---|
| 0 | 0 | 0 | |
| 2 | 1 | 20 | |
| Operating Profit | -2 | -1 | -20 |
| OPM % | |||
| 0 | 0 | 1,138 | |
| Interest | 0 | 0 | 2 |
| Depreciation | 0 | 0 | 0 |
| Profit before tax | -2 | -1 | 1,116 |
| Tax % | 0% | 0% | 0% |
| -2 | -1 | 1,116 | |
| EPS in Rs | 2.52 | ||
| Raw PDF |
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|
| 2,900 | 3,339 | 3,930 | |
| 622 | 737 | 830 | |
| Operating Profit | 2,279 | 2,603 | 3,100 |
| OPM % | 79% | 78% | 79% |
| 215 | 225 | -157 | |
| Interest | 1,533 | 1,693 | 1,746 |
| Depreciation | 593 | 588 | 381 |
| Profit before tax | 367 | 547 | 816 |
| Tax % | 41% | 38% | 73% |
| 218 | 336 | 223 | |
| EPS in Rs | |||
| Dividend Payout % | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
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| 5 Years: | % |
| 3 Years: | % |
| TTM: | 18% |
| Compounded Profit Growth | |
|---|---|
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| 5 Years: | % |
| 3 Years: | % |
| TTM: | -5% |
| Stock Price CAGR | |
|---|---|
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| 5 Years: | % |
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| Return on Equity | |
|---|---|
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| 5 Years: | % |
| 3 Years: | 16% |
| Last Year: | 14% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|
| Equity Capital | 257 | 262 | 271 | 44,200 |
| Reserves | 960 | 2,171 | 1,845 | 1,113 |
| 20,485 | 19,766 | 19,797 | 2,992 | |
| 2,651 | 2,498 | 2,818 | 159 | |
| Total Liabilities | 24,353 | 24,697 | 24,731 | 48,464 |
| 20,115 | 20,449 | 20,376 | 0 | |
| CWIP | 0 | 3 | 9 | 0 |
| Investments | 1,680 | 1,135 | 681 | 40,009 |
| 2,559 | 3,110 | 3,664 | 8,455 | |
| Total Assets | 24,353 | 24,697 | 24,731 | 48,464 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|
| 2,234 | 2,095 | 2,723 | |
| -729 | -503 | -480 | |
| -1,487 | -1,528 | -2,298 | |
| Net Cash Flow | 18 | 64 | -55 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|
| Debtor Days | 19 | 16 | 15 |
| Inventory Days | |||
| Days Payable | |||
| Cash Conversion Cycle | 19 | 16 | 15 |
| Working Capital Days | -460 | -218 | -125 |
| ROCE % | 10% | 13% |
Documents
Announcements
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Reg 23(5)(i): Disclosure of material issue
1d - Earnings call Feb 5, 2026 4:00 PM IST for quarter and nine months ended Dec 31, 2025.
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Reg 18(16): Disclosure of record date for purpose of distribution
1d - Board meeting 05-Feb-2026 to approve Q3/9M results; record date 10-Feb-2026; distribution payable by 17-Feb-2026.
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Reg 23(5)(i): Disclosure of material issue
1d - Board meeting 05-Feb-2026 to consider unaudited results for quarter and nine-months ended 31-Dec-2025; record date 10-Feb; distributions by 17-Feb-2026.
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Unit Holding Pattern
20 Jan - Unitholding pattern as on 31-Dec-2025: 4,43,43,99,541 units; Sponsors 78.56%, Public 21.44%.
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Reg 26E: Quarterly Compliance Report on Corporate governance
19 Jan - Quarterly corporate governance compliance report for Knowledge Realty Trust, quarter ended December 31, 2025.
Concalls
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Nov 2025Transcript PPT