Mindspace Business Parks REIT

₹ 344 -1.88%
01 Jul - close price
Company website BSE: 543217 NSE - RR : 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 (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]

Website BSE NSE
  • 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 ₹
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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

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022
0 0 278 432 442 421 424 441 474
2 0 74 99 132 90 97 94 116
Operating Profit -2 -0 204 332 310 331 328 348 358
OPM % 73% 77% 70% 79% 77% 79% 76%
0 0 0 1 5 -130 4 2 56
Interest 0 0 50 60 61 60 63 66 75
Depreciation 0 0 50 81 71 74 74 84 86
Profit before tax -2 -0 104 192 183 67 195 199 253
Tax % 0% 0% 34% 27% 31% 43% 33% 27% 47%
Net Profit -2 -0 63 131 114 41 120 136 126
EPS in Rs 1.06 2.20 1.93 0.70 2.03 2.30 2.13
Raw PDF

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%

Shareholding Pattern

Numbers in percentages

Shareholding pattern is currently not available for this company.

Documents

Announcements

Annual reports

Credit ratings

Concalls