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 ₹ 49,240 Cr.
- Current Price ₹ 111
- High / Low ₹ 129 / 108
- Stock P/E 21.9
- Book Value ₹ 101
- Dividend Yield 3.08 %
- ROCE 10.2 %
- ROE 10.6 %
- Face Value ₹ 100
Pros
- Stock is trading at 1.10 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.2,592 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 | |
| Sales growth | +15% | -100% | |||
| 622 | 737 | 2 | 41 | 43 | |
| Operating Profit | 2,279 | 2,603 | -2 | 1,917 | -43 |
| OPM % | 79% | 78% | 98% | ||
| 215 | 225 | 0 | 603 | 2,592 | |
| Interest | 1,533 | 1,693 | 0 | 128 | 302 |
| Depreciation | 593 | 588 | 0 | 0 | 0 |
| Profit before tax | 367 | 547 | -2 | 2,392 | 2,246 |
| Tax % | 41% | 38% | 0% | 0% | |
| 218 | 336 | -2 | 2,391 | 2,245 | |
| EPS in Rs | 5.39 | 5.06 | |||
| 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: | -6% |
| 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 | Sep 2026 | |
|---|---|---|---|---|---|
| Equity Capital | 257 | 262 | 0.00 | 44,199 | 44,202 |
| Reserves | 960 | 2,171 | -2 | 1,003 | 504 |
| 20,485 | 19,766 | 0 | 4,154 | 5,258 | |
| 2,651 | 2,498 | 21 | 32 | 11 | |
| Total Liabilities | 24,353 | 24,697 | 19 | 49,387 | 49,975 |
| 20,115 | 20,449 | 0 | 0 | 0 | |
| CWIP | 0 | 3 | 0 | 0 | 0 |
| Investments | 1,680 | 1,135 | 0 | 40,144 | 40,147 |
| 2,559 | 3,110 | 19 | 9,243 | 9,828 | |
| Total Assets | 24,353 | 24,697 | 19 | 49,387 | 49,975 |
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/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit | 105% | 90% | 0% | -1% |
Ratios
Standalone / 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
- Knowledge Realty Trust submitted its H1 FY27 half-yearly report for period ended 30 September 2026.
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Reg 23(5)(i): Disclosure of material issue
- Crisil revalidated KRT ratings at AAA/Stable for NCDs and A1+ for commercial papers.
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Reg 23(5)(i): Disclosure of material issue
- Sponsor group pledged 607,460,807 units, 13.71% of outstanding units, on 6 November 2026.
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Reg 23(5)(i): Disclosure of material issue
- KRT allotted ₹500 crore commercial papers at 7.48% for 49 days, maturing 24 Dec 2026.
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Reg 23(5)(i): Disclosure of material issue
- Q2 FY27 call: revenue up 13% to INR1,273 crore; DPU INR1.72, occupancy 94% by value.
Concalls
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Nov 2026REC
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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.