Mindspace Business Parks REIT

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

Mindspace Business Parks REIT

₹ 422 0.79%
14 Aug - close price
Company website 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 ₹ 25,732 Cr.
  • Current Price ₹ 422
  • High / Low ₹ 432 / 334
  • Stock P/E 50.8
  • Book Value ₹ 231
  • Dividend Yield 1.89 %
  • ROCE 6.53 %
  • ROE 3.39 %
  • Face Value ₹ 379
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Pros

  • Company has been maintaining a healthy dividend payout of 298%
  • Promoter holding has increased by 0.97% over last quarter.

Cons

  • Company has a low return on equity of 3.10% over last 3 years.
  • Company might be capitalizing the interest cost

* 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

Consolidated Figures in Rs. Crores / View Standalone

Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025
485 684 559 570 593 638 608 620 628 649 667 681 740
120 310 153 165 167 183 162 178 184 181 179 197 190
Operating Profit 365 375 406 405 426 455 446 442 444 468 488 484 550
OPM % 75% 55% 73% 71% 72% 71% 73% 71% 71% 72% 73% 71% 74%
11 4 6 -134 8 2 3 -33 13 3 6 26 27
Interest 72 83 90 98 107 115 116 119 126 130 144 156 203
Depreciation 85 86 92 92 93 98 98 94 97 98 106 104 115
Profit before tax 219 209 229 81 234 245 235 196 234 242 242 249 259
Tax % 41% 58% 45% 142% 42% 39% 38% 35% 41% 44% 40% 61% 36%
128 87 126 -34 137 150 147 127 138 135 145 96 167
EPS in Rs 1.99 1.33 1.95 -0.49 2.15 2.38 2.33 2.00 2.16 2.12 2.29 1.43 2.57
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Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
1,432 0 1,138 1,761 2,298 2,462 2,660 2,737
419 5 300 385 751 691 741 747
Operating Profit 1,013 -5 838 1,376 1,547 1,772 1,920 1,989
OPM % 71% 74% 78% 67% 72% 72% 73%
260 0 22 -68 -110 -22 12 61
Interest 446 0 171 264 343 457 557 634
Depreciation 220 0 209 329 355 383 406 424
Profit before tax 607 -5 479 714 738 911 968 993
Tax % 15% 0% 30% 37% 58% 38% 47%
515 -5 335 447 308 561 514 543
EPS in Rs 5.18 7.15 4.78 8.85 7.82 8.41
Dividend Payout % 0% 0% 185% 258% 399% 216% 278%
Compounded Sales Growth
10 Years: %
5 Years: %
3 Years: 15%
TTM: 10%
Compounded Profit Growth
10 Years: %
5 Years: 151%
3 Years: 0%
TTM: -8%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: 5%
1 Year: 24%
Return on Equity
10 Years: %
5 Years: 3%
3 Years: 3%
Last Year: 3%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Equity Capital 50 0.00 16,284 16,284 16,284 16,284 16,582
Reserves 1,581 -5 19 -663 -1,501 -2,115 -2,528
6,162 0 3,774 4,461 5,466 6,986 10,125
1,339 5 2,169 2,205 2,427 2,660 2,908
Total Liabilities 9,132 0 22,246 22,287 22,676 23,815 27,088
6,052 0 21,199 21,223 21,431 21,974 24,774
CWIP 2 0 2 0 0 0 65
Investments 1 0 2 2 3 3 4
3,077 0 1,043 1,061 1,242 1,838 2,245
Total Assets 9,132 0 22,246 22,287 22,676 23,815 27,088

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
934 0 798 1,162 1,393 1,527 2,017
-586 0 853 -456 -751 -1,459 -1,500
-356 0 -1,504 -754 -456 -164 -473
Net Cash Flow -8 0 146 -48 186 -96 45

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Debtor Days 8 7 4 9 16 8
Inventory Days
Days Payable
Cash Conversion Cycle 8 7 4 9 16 8
Working Capital Days 310 -381 -327 -231 -403 -302
ROCE % -0% 6% 5% 6% 7% 7%

Shareholding Pattern

Numbers in percentages

Shareholding pattern is currently not available for this company.

Documents

Announcements

Annual reports

Credit ratings

Concalls