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 ₹ 50,508 Cr.
- Current Price ₹ 114
- High / Low ₹ 129 / 108
- Stock P/E 17.6
- Book Value ₹ 102
- Dividend Yield 1.49 %
- ROCE 10.2 %
- ROE 10.6 %
- Face Value ₹ 100
Pros
- Company is almost debt free.
- Stock is trading at 1.12 times its book value
Cons
- Company has a low return on equity of 10.6% over last 3 years.
- Earnings include an other income of Rs.3,130 Cr.
- 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)
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 | TTM | |
|---|---|---|---|---|---|
| 2,900 | 3,339 | 0 | 1,958 | 0 | |
| 622 | 737 | 2 | 41 | 51 | |
| Operating Profit | 2,279 | 2,603 | -2 | 1,917 | -51 |
| OPM % | 79% | 78% | 98% | ||
| 215 | 225 | 0 | 603 | 3,130 | |
| Interest | 1,533 | 1,693 | 0 | 128 | 210 |
| Depreciation | 593 | 588 | 0 | 0 | 0 |
| Profit before tax | 367 | 547 | -2 | 2,392 | 2,869 |
| Tax % | 41% | 38% | 0% | 0% | |
| 218 | 336 | -2 | 2,391 | 2,868 | |
| EPS in Rs | 5.39 | 6.47 | |||
| 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: | 0% |
| 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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| Gross Leasing Volume msf |
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| Re-leasing Spread % |
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| Average In-place Rent INR psf pm |
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| Mark-to-Market Potential % |
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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)(i): Disclosure of material issue
- Senior management will attend Morgan Stanley’s Virtual India Property Seminar on 25 September 2026.
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Reg 23(5)(i): Disclosure of material issue
- Senior management attended BofA 2026 Asia Pacific Conference investor meetings on 21 September 2026.
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Reg 23(5)(i): Disclosure of material issue
- Senior management attended Ambit REIT & Alternative Real Estate Conference in Mumbai, meeting institutional investors on 08 September 2026.
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Reg 23(5)(i): Disclosure of material issue
- Trading window closes from 25 Sep 2026 until 48 hours after Q2/H1 FY2026 results.
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Reg 23(5)(i): Disclosure of material issue
- Borrowing committee approved up to ₹1,000 crore NCD issuance on 07 September 2026.
Concalls
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Jul 2026Transcript PPT REC
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May 2026Transcript PPT REC
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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.