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 ₹ 51,687 Cr.
- Current Price ₹ 117
- High / Low ₹ 129 / 103
- Stock P/E 21.6
- Book Value ₹ 102
- Dividend Yield 4.08 %
- ROCE 7.07 %
- ROE 10.1 %
- Face Value ₹ 100
Pros
- Company has reduced debt.
- Company is almost debt free.
- Stock is trading at 1.14 times its book value
Cons
- Tax rate seems low
- Company has a low return on equity of 11.0% over last 3 years.
- Earnings include an other income of Rs.2,561 Cr.
* 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 | Mar 2026 | |
|---|---|---|---|---|
| 2,900 | 3,339 | 3,930 | 0 | |
| 622 | 737 | 830 | 41 | |
| Operating Profit | 2,279 | 2,603 | 3,100 | -41 |
| OPM % | 79% | 78% | 79% | |
| 215 | 225 | -157 | 2,561 | |
| Interest | 1,533 | 1,693 | 1,746 | 128 |
| Depreciation | 593 | 588 | 381 | 0 |
| Profit before tax | 367 | 547 | 816 | 2,392 |
| Tax % | 41% | 38% | 73% | 0% |
| 218 | 336 | 223 | 2,391 | |
| EPS in Rs | 5.39 | |||
| Dividend Payout % | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| TTM: | -100% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 127% |
| TTM: | 652% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | % |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 11% |
| Last Year: | 10% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|
| Equity Capital | 257 | 262 | 271 | 44,199 |
| Reserves | 960 | 2,171 | 1,845 | 1,003 |
| 20,485 | 19,766 | 19,797 | 4,154 | |
| 2,651 | 2,498 | 2,818 | 32 | |
| Total Liabilities | 24,353 | 24,697 | 24,731 | 49,387 |
| 20,115 | 20,449 | 20,376 | 0 | |
| CWIP | 0 | 3 | 9 | 0 |
| Investments | 1,680 | 1,135 | 681 | 40,144 |
| 2,559 | 3,110 | 3,664 | 9,243 | |
| Total Assets | 24,353 | 24,697 | 24,731 | 49,387 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|
| 2,234 | 2,095 | 2,723 | -20 | |
| -729 | -503 | -480 | -7,248 | |
| -1,487 | -1,528 | -2,298 | 7,281 | |
| Net Cash Flow | 18 | 64 | -55 | 14 |
| Free Cash Flow | 2,254 | 2,095 | 2,104 | -20 |
| CFO/OP | 105% | 90% | 99% | 45% |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|
| Debtor Days | 19 | 16 | 15 | |
| Inventory Days | ||||
| Days Payable | ||||
| Cash Conversion Cycle | 19 | 16 | 15 | |
| Working Capital Days | -460 | -218 | -125 | |
| ROCE % | 10% | 13% | 7% |
Insights
In beta| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|
| Committed Occupancy Rate % |
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| Completed Operational Leasable Area Million Square Feet |
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| Gross Leasing Volume Million Square Feet |
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| Re-leasing Spreads % |
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| Average In-place Rent INR per square foot |
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| Mark-to-Market (MTM) Potential % |
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| Top 10 Tenant Contribution to Gross Rentals % |
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| Total Leasable Area Million Square Feet |
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| Under Construction Area Million Square Feet |
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| Weighted Average Lease Expiry (WALE) Years |
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Extracted by Screener AI
Documents
Announcements
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Reg 23(5)(i): Disclosure of material issue
1d - Knowledge Realty Trust held a one-on-one institutional investor meeting on 03 June 2026.
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Reg 23(5)(i): Disclosure of material issue
1d - Management met institutional investors at Morgan Stanley India Investor Forum 2026 on 02 June 2026.
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Reg 23(5)(i): Disclosure of material issue
15 May - Q4/FY26 earnings call transcript: revenue up 16% to INR4,577 crore; NOI up 18%; INR2,101.9 crore distributed.
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Reg 23(5)(i): Disclosure of material issue
15 May - Revised Annual Secretarial Compliance Report for FY2026; includes additional trustee information and minor PIT database delays.
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Reg 23(5)(i): Disclosure of material issue
14 May - Knowledge Realty Trust published audited Q4 and FY26 results, declaring Rs 1.616 per unit distribution.
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.