Mindspace Business Parks REIT

₹ 368 -0.33%
18 Aug - close price
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 (Grade-A office portfolio). 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]

  • Market Cap 21,812 Cr.
  • Current Price 368
  • High / Low 377 / 285
  • Stock P/E 19.7
  • Book Value 280
  • Dividend Yield %
  • ROCE 6.62 %
  • ROE 6.65 %
  • Face Value

Pros

  • Company is almost debt free.
  • Company is expected to give good quarter
  • Company has been maintaining a healthy dividend payout of 65.4%

Cons

  • Tax rate seems low
  • Promoters have pledged 49.8% 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.

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022
0 0 12 297 304 301 297 300 304 307
2 0 1 3 4 3 3 4 3 4
Operating Profit -2 -0 12 294 300 298 294 296 301 302
OPM % 95% 99% 99% 99% 99% 99% 99% 99%
0 0 0 0 1 -0 0 1 0 1
Interest 0 0 0 10 13 20 20 21 26 23
Depreciation 0 0 0 0 0 0 0 0 0 0
Profit before tax -2 -0 12 285 288 278 274 276 276 280
Tax % 0% 0% 2% 0% 0% 0% 0% 0% 0% 0%
Net Profit -2 -0 12 285 287 278 274 276 275 280
EPS in Rs 0.20 4.80 4.85 4.69 4.62 4.65 4.64 4.72

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2020 Mar 2021 Mar 2022 TTM
0 613 1,201 1,207
5 8 12 14
Operating Profit -5 606 1,189 1,193
OPM % 99% 99% 99%
0 1 1 2
Interest 0 23 87 89
Depreciation 0 0 0 0
Profit before tax -5 584 1,104 1,106
Tax % 0% 0% 0%
Net Profit -5 583 1,103 1,105
EPS in Rs 9.84 18.60 18.63
Dividend Payout % 0% 97% 99%
Compounded Sales Growth
10 Years: %
5 Years: %
3 Years: %
TTM: 32%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: %
TTM: 28%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: %
1 Year: 26%
Return on Equity
10 Years: %
5 Years: %
3 Years: %
Last Year: 7%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2020 Mar 2021 Mar 2022 Jun 2022
0 16,284 16,284 16,284
Reserves -5 295 292 299
0 1,142 1,642 1,143
5 23 84 39
Total Liabilities 0 17,745 18,302 17,765
0 0 0 0
CWIP 0 0 0 0
Investments 0 15,310 15,310 15,310
0 2,434 2,992 2,454
Total Assets 0 17,745 18,302 17,765

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2020 Mar 2021 Mar 2022
0 -11 -12
0 -1,525 633
0 1,829 -633
Net Cash Flow 0 294 -12

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2020 Mar 2021 Mar 2022
Debtor Days 0 0
Inventory Days
Days Payable
Cash Conversion Cycle 0 0
Working Capital Days -2 152
ROCE % 7% 7%

Shareholding Pattern

Numbers in percentages

Shareholding pattern is currently not available for this company.

Documents