Mindspace Business Parks REIT

Mindspace Busine Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Mindspace Business Parks REIT

₹ 489 -1.02%
09 Dec - close price
mindspacereit.com BSE: 543217 NSE: MINDSPACE
About

Mindspace REIT is a Real Estate Investment Trust listed in India under the SEBI Real Estate Investment Trust Regulations, 2014. Mindspace REIT primarily holds interests in rental yielding commercial real estate assets. It's portfolio consists of high-quality Grade-A business campuses, independent office buildings, and state-of-the-art data centers.

It is incorporated as a registered Trust and listed through a public issue of units. The sponsor of Mindspace REIT is the K Raheja Corp Group. [1]

Key Points

K Raheja Corp Group
It is one of the real estate developers in India with presence across the entire real estate value chain, from acquiring land to developing and operating assets across offices, hospitality, malls, residential and retail segments. It has partnered with several marquee institutional investors including Blackstone, GIC among others. [1]

Website BSE NSE - RR
  • Market Cap ₹ 29,830 Cr.
  • Current Price ₹ 489
  • High / Low ₹ 502 / 353
  • Stock P/E 40.2
  • Book Value ₹ 267
  • Dividend Yield 3.28 %
  • ROCE 4.57 %
  • ROE 3.56 %
  • Face Value ₹ 379
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Pros

  • Stock is providing a good dividend yield of 3.28%.
  • Company is expected to give good quarter
  • Company has been maintaining a healthy dividend payout of 140%

Cons

  • Tax rate seems low
  • Company has a low return on equity of 5.82% over last 3 years.
  • Promoters have pledged or encumbered 47.6% of their holding.

* 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)

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025
315 326 332 341 346 357 357 100 292 286 280 289 317
5 4 4 4 5 4 6 4 6 5 8 7 8
Operating Profit 310 321 328 336 342 354 350 96 286 280 272 283 309
OPM % 98% 99% 99% 99% 99% 99% 98% 96% 98% 98% 97% 98% 98%
1 1 1 1 0 0 1 1 1 5 4 1 2
Interest 27 31 34 45 54 62 62 76 88 94 90 100 123
Depreciation 0 0 0 0 0 0 0 0 0 0 0 0 0
Profit before tax 284 292 295 292 288 293 289 21 198 191 186 183 188
Tax % 0% 0% 0% 0% 0% 0% 0% 2% 0% 1% 1% 0% 1%
283 291 295 292 288 292 289 21 198 189 184 182 187
EPS in Rs 4.77 4.91 4.97 4.93 4.86 4.93 4.87 0.35 3.34 3.18 3.03 2.99 3.06
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Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
504 582 0 613 1,201 1,278 1,400 957 1,172
269 188 5 8 12 17 18 23 27
Operating Profit 236 395 -5 606 1,189 1,261 1,382 934 1,145
OPM % 47% 68% 99% 99% 99% 99% 98% 98%
76 88 0 1 1 4 2 10 11
Interest 214 224 0 23 87 114 222 348 407
Depreciation 106 105 0 0 0 0 0 0 0
Profit before tax -9 154 -5 584 1,104 1,151 1,162 597 749
Tax % -372% 20% 0% 0% 0% 0% 0% 1%
24 124 -5 583 1,103 1,149 1,161 592 742
EPS in Rs 9.84 18.60 19.38 19.58 9.71 12.26
Dividend Payout % 0% 0% 0% 97% 99% 98% 98% 224%
Compounded Sales Growth
10 Years: %
5 Years: %
3 Years: -7%
TTM: 6%
Compounded Profit Growth
10 Years: %
5 Years: 162%
3 Years: -19%
TTM: -7%
Stock Price CAGR
10 Years: %
5 Years: 9%
3 Years: 13%
1 Year: 30%
Return on Equity
10 Years: %
5 Years: 6%
3 Years: 6%
Last Year: 4%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Sep 2025
Equity Capital 0.08 0.08 0.00 16,284 16,284 16,284 16,284 16,582 16,220
Reserves 77 200 -5 295 292 320 343 46 32
2,358 2,438 0 1,142 1,642 2,189 3,474 4,616 7,028
424 472 5 23 84 60 91 22 33
Total Liabilities 2,859 3,110 0 17,745 18,302 18,852 20,191 21,266 23,314
1,920 1,908 0 0 0 0 0 0 0
CWIP 0 0 0 0 0 0 0 0 0
Investments 1 1 0 15,310 15,310 15,310 15,410 16,225 16,225
938 1,201 0 2,434 2,992 3,542 4,781 5,041 7,089
Total Assets 2,859 3,110 0 17,745 18,302 18,852 20,191 21,266 23,314

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
0 -11 -12 -20 -15 -29
0 -1,525 633 749 66 235
0 1,829 -633 -712 -45 -482
Net Cash Flow 0 294 -12 17 5 -276

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Debtor Days 12 7 0 0 0 0 0
Inventory Days
Days Payable
Cash Conversion Cycle 12 7 0 0 0 0 0
Working Capital Days 392 463 -2 -0 -2 0 20
ROCE % 15% -0% 7% 7% 7% 7% 5%

Shareholding Pattern

Numbers in percentages

Shareholding pattern is currently not available for this company.

Documents

Announcements

Annual reports

Credit ratings

Concalls