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 ₹ 54,785 Cr.
- Current Price ₹ 124
- High / Low ₹ 129 / 103
- Stock P/E 163
- Book Value ₹ 99.8
- Dividend Yield 1.26 %
- ROCE %
- ROE %
- Face Value ₹ 100
Pros
Cons
- Company has low interest coverage ratio.
* 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
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2023 | Mar 2024 | |
|---|---|---|
| 2,900 | 3,339 | |
| 622 | 761 | |
| Operating Profit | 2,278 | 2,578 |
| OPM % | 79% | 77% |
| 215 | 249 | |
| Interest | 1,533 | 1,693 |
| Depreciation | 593 | 588 |
| Profit before tax | 367 | 547 |
| Tax % | 41% | 38% |
| 218 | 336 | |
| EPS in Rs | ||
| Dividend Payout % | 0% | 0% |
| Compounded Sales Growth | |
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| TTM: | 15% |
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| TTM: | 54% |
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Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2023 | Mar 2024 | |
|---|---|---|
| Equity Capital | ||
| Reserves | ||
| Total Liabilities | ||
| CWIP | ||
| Investments | ||
| Total Assets |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2023 | Mar 2024 | |
|---|---|---|
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Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2023 | Mar 2024 | |
|---|---|---|
| Debtor Days | ||
| Inventory Days | ||
| Days Payable | ||
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Documents
Announcements
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Reg 23(5)(d): Disclosure of details of any credit rating obtained by the REIT and any change in such rating
15 Dec - Crisil assigned A1+ to Knowledge Realty Trust's Rs500 crore commercial paper on 15 Dec 2025.
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Reg 23(5)(i): Disclosure of material issue
10 Dec - Appointed Geetha Ravichandran as Additional Non-Executive Independent Director effective 10 Dec 2025 for five years.
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Reg 23(5)(i): Disclosure of material issue
3 Dec - Approved issuance of 160,000 NCDs worth INR1,600 crore and CPs up to INR500 crore (private placement).
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Reg 23(5)(d): Disclosure of details of any credit rating obtained by the REIT and any change in such rating
2 Dec - Crisil assigned Crisil AAA (Stable) rating to proposed ₹1,600 Crore NCDs on 02-Dec-2025.
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Reg 23(5)(d): Disclosure of details of any credit rating obtained by the REIT and any change in such rating
2 Dec - ICRA assigned/reaffirmed [ICRA]AAA (Stable) to NCDs Rs1,600 crore existing and Rs1,600 crore proposed on Nov 28, 2025.
Concalls
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Nov 2025TranscriptPPT