Knowledge Realty Trust
Knowledge Realty Trust is an office Real Estate Investment Trust (REIT) in India, backed by Blackstone and Sattva Group, with a portfolio of 46.3 msf of operational and under-construction office assets spread across six locations in India, including Hyderabad, Mumbai, and Bengaluru.[1]
- Market Cap ₹ 51,736 Cr.
- Current Price ₹ 117
- High / Low ₹ 129 / 103
- Stock P/E 21.6
- Book Value ₹ 102
- Dividend Yield 4.04 %
- ROCE 10.2 %
- ROE 10.6 %
- Face Value ₹ 100
Pros
- Company is almost debt free.
- Stock is trading at 1.13 times its book value
Cons
- Company has a low return on equity of 10.6% over last 3 years.
- Working capital days have increased from -66.9 days to 83.9 days
* 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
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2023 | Mar 2024 | Mar 2025 6m | Mar 2026 | |
|---|---|---|---|---|
| 2,900 | 3,339 | 0 | 1,958 | |
| 622 | 737 | 2 | 41 | |
| Operating Profit | 2,279 | 2,603 | -2 | 1,917 |
| OPM % | 79% | 78% | 98% | |
| 215 | 225 | 0 | 603 | |
| Interest | 1,533 | 1,693 | 0 | 128 |
| Depreciation | 593 | 588 | 0 | 0 |
| Profit before tax | 367 | 547 | -2 | 2,392 |
| Tax % | 41% | 38% | 0% | 0% |
| 218 | 336 | -2 | 2,391 | |
| EPS in Rs | 5.39 | |||
| Dividend Payout % | 0% | 0% | 0% | 88% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | -12% |
| TTM: | % |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 127% |
| TTM: | 101299% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | % |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 11% |
| Last Year: | 11% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|
| Equity Capital | 257 | 262 | 0.00 | 44,199 |
| Reserves | 960 | 2,171 | -2 | 1,003 |
| 20,485 | 19,766 | 0 | 4,154 | |
| 2,651 | 2,498 | 21 | 32 | |
| Total Liabilities | 24,353 | 24,697 | 19 | 49,387 |
| 20,115 | 20,449 | 0 | 0 | |
| CWIP | 0 | 3 | 0 | 0 |
| Investments | 1,680 | 1,135 | 0 | 40,144 |
| 2,559 | 3,110 | 19 | 9,243 | |
| Total Assets | 24,353 | 24,697 | 19 | 49,387 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|
| 2,234 | 2,095 | 0 | -20 | |
| -729 | -503 | 0 | -7,248 | |
| -1,487 | -1,528 | 0 | 7,281 | |
| Net Cash Flow | 18 | 64 | 0 | 14 |
| Free Cash Flow | 2,254 | 2,095 | 0 | -20 |
| CFO/OP | 105% | 90% | 0% | -1% |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|
| Debtor Days | 19 | 16 | 0 | |
| Inventory Days | ||||
| Days Payable | ||||
| Cash Conversion Cycle | 19 | 16 | 0 | |
| Working Capital Days | -460 | -218 | 84 | |
| ROCE % | 10% | -0% | 10% |
Insights
In beta| Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|
| Committed Occupancy % |
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| Average In-place Rent INR psf pm |
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| Total Leasable Area msf |
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| Weighted Average Lease Expiry (WALE) years |
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| GCC Share of Gross Rentals % |
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Extracted by Screener AI
Documents
Announcements
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Reg 23(5)(g): Outcome of Unitholder meetings
11 Jul - Knowledge Realty Trust’s first annual meeting resolutions, including financials, auditors and valuation report, were approved.
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Reg 23(5)(g): Outcome of Unitholder meetings
10 Jul - First Annual Meeting held on 10 July 2026; unitholders considered FY26 statements, auditor and valuer appointments.
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Reg 23(5)(i): Disclosure of material issue
24 Jun - Trading window closed from 25 June 2026 until 48 hours after Q1 FY27 results.
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Reg 23(5)(i): Disclosure of material issue
22 Jun - Knowledge Realty Trust approved allotment of ₹600 crore listed secured NCDs on private placement basis.
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Reg 23(5)(i): Disclosure of material issue
19 Jun - Knowledge Realty Trust held one-on-one institutional investor meetings on 19 June 2026.
Concalls
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May 2026TranscriptPPTREC
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Feb 2026Transcript PPT REC
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Nov 2025Transcript PPT REC
About[1]
KRT is the second largest REIT (in terms of leasable area) in India with a portfolio of 46.3 msf of operational and under-construction commercial office assets.