Mindspace Business Parks REIT
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]
- Market Cap ₹ 20,389 Cr.
- Current Price ₹ 344
- High / Low ₹ 369 / 279
- Stock P/E 43.1
- Book Value ₹ 263
- Dividend Yield %
- ROCE 5.29 %
- ROE 2.96 %
- Face Value ₹
Pros
- Company has been maintaining a healthy dividend payout of 147.57%
Cons
- Company has a low return on equity of 3.10% for 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
Sector: Real Estate Investment Trusts Industry: Construction
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | |
---|---|---|---|---|
1,432 | 0 | 1,138 | 1,750 | |
419 | 5 | 300 | 385 | |
Operating Profit | 1,013 | -5 | 838 | 1,365 |
OPM % | 71% | 74% | 78% | |
260 | 0 | 22 | -57 | |
Interest | 446 | 0 | 171 | 265 |
Depreciation | 220 | 0 | 209 | 329 |
Profit before tax | 607 | -5 | 479 | 714 |
Tax % | 15% | 0% | 30% | 37% |
Net Profit | 479 | -5 | 307 | 424 |
EPS in Rs | 5.18 | 7.15 | ||
Dividend Payout % | 0% | 0% | 185% | 258% |
Compounded Sales Growth | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | 7% |
TTM: | 54% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | 0% |
TTM: | 54% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | % |
1 Year: | 22% |
Return on Equity | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | 3% |
Last Year: | 3% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | |
---|---|---|---|---|
153 | 0 | 16,284 | 16,284 | |
Reserves | 1,581 | -5 | 19 | -663 |
6,059 | 0 | 3,774 | 4,461 | |
1,442 | 5 | 2,169 | 2,205 | |
Total Liabilities | 9,132 | 0 | 22,246 | 22,287 |
6,052 | 0 | 21,199 | 21,223 | |
CWIP | 2 | 0 | 2 | 0 |
Investments | 1 | 0 | 2 | 2 |
3,077 | 0 | 1,043 | 1,061 | |
Total Assets | 9,132 | 0 | 22,246 | 22,287 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | |
---|---|---|---|---|
934 | 0 | 798 | 1,160 | |
-586 | 0 | 853 | -456 | |
-356 | 0 | -1,504 | -752 | |
Net Cash Flow | -8 | 0 | 146 | -48 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | |
---|---|---|---|---|
Debtor Days | 8 | 7 | 4 | |
Inventory Days | ||||
Days Payable | ||||
Cash Conversion Cycle | 8 | 7 | 4 | |
Working Capital Days | 346 | -250 | -138 | |
ROCE % | -0% | 6% | 5% |
Documents
Announcements
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Appointment of Company Secretary and Compliance Officer
1d - Governing Board of the Manager has appointed Ms. Preeti Chheda, Chief Financial Officer, as the Compliance Officer of the Manager with effect from July 1, …
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Announcement under Regulation 30 (LODR)-Resignation of Company Secretary / Compliance Officer
1d - Mr. Narendra Rahalkar has resigned from the post of Compliance Officer of the Manager with effect from the closing of the business hours of June …
- Disclosure of Voting results of AGM (Regulation 44(3) of SEBI (LODR) Regulations, 2015) 1d
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Environment, Social And Governance ('ESG') Report For The Financial Year 2021-22
1d - Mindspace Business Parks REIT ('Mindspace REIT') has released its Environment, Social and Governance Report for the Financial Year 2022. A copy of the report is …
- Shareholder Meeting / Postal Ballot-Scrutinizer''s Report 1d
Annual reports
Concalls
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Jun 2022TranscriptPPT
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Aug 2021TranscriptPPT
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Apr 2021TranscriptPPT
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Jan 2021TranscriptPPT
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Nov 2020TranscriptPPT
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]