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Mindspace Business Parks REIT

Mindspace Business Parks REIT

MINDSPACE Share Price

NSE
₹493.340.02% (-0.12)
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With a market cap of ₹32,666 cr, stock is ranked 269

Stock is 1.01x as volatile as Nifty

MINDSPACE Stock Scorecard

Performance

Avg

Price return has been average, nothing exciting

Valuation

High

Seems to be overvalued vs the market average

Growth

Avg

Financials growth has been moderate for a few years

Profitability

High

Showing good signs of profitability & efficiency

Entry point

Good

The stock is underpriced and is not in the overbought zone

Red flags

Avg

The stock has a moderate number of red flags

How to use scorecard? Learn more

With a market cap of ₹32,666 cr, stock is ranked 269

Stock is 1.01x as volatile as Nifty

MINDSPACE Performance & Key Metrics

MINDSPACE Performance & Key Metrics

No LabelNo LabelPB RatioPB RatioDividend YieldDiv. Yield
43.152.074.78%
Sector PESector PESector PBSector PBSector Div YldSctr Div Yld
43.832.881.47%

MINDSPACE Analyst Ratings & Forecast

Detailed Forecast Detailed Forecast 
79%
Analysts have suggested that investors can buy this stock

from 14 analysts

Price Upside

Earnings Growth

Rev. Growth

See Detailed Forecast

MINDSPACE Company Profile

Mindspace Business Parks REIT is an India-based real estate investment trust (REIT). The Company owns office portfolio in India.

MINDSPACE Similar Stocks (Peers)

Compare with peers Compare with peers 

MINDSPACE Similar Stocks (Peers)

Compare with peers Compare with peers 
PE Ratio
37.85
37.85
1Y Return
13.06%
13.06%
Buy Reco %
95.24
95.24
PE Ratio
30.86
30.86
1Y Return
13.12%
13.12%
Buy Reco %
88.89
88.89
PE Ratio
55.44
55.44
1Y Return
13.75%
13.75%
Buy Reco %
100.00
100.00
PE Ratio
53.76
53.76
1Y Return
14.12%
14.12%
Buy Reco %
95.00
95.00
PE Ratio
24.70
24.70
1Y Return
1.34%
1.34%
Buy Reco %
75.00
75.00
Compare with Peers

MINDSPACE Sentiment Analysis

MINDSPACE Sentiment Analysis

New
Crisp summary & key insights to decode earnings calls instantly

MINDSPACE Stock Summary · April 2025

Mindspace Business Parks REIT has demonstrated remarkable resilience and growth, achieving a record gross leasing of 7.6 million square feet and maintaining a committed occupancy rate of 93%. This performance is underpinned by strong demand from sectors like technology and BFSI, alongside strategic acquisitions that enhance asset value and tenant satisfaction. The company’s financial health is robust, with a 39% year-on-year distribution growth and a healthy loan-to-value ratio of 24.3%, allowing for future expansion despite rising debt costs. Positive market sentiment, particularly in Hyderabad, coupled with operational efficiencies, positions Mindspace favorably for continued growth, even as it navigates geopolitical uncertainties and evolving market dynamics.

MINDSPACE Stock Growth Drivers
MINDSPACE Stock Growth Drivers
7
  • Strong Financial Performance

    Mindspace Business Parks REIT reported a historic performance in FY'25, achieving a gross leasing of

  • Operational Excellence

    The company maintained strong operational performance, with 7 out of 10 parks achieving occupancy rates

MINDSPACE Stock Challenges
MINDSPACE Stock Challenges
0
No ConsHmm, looks like there are no
challenges

MINDSPACE Forecast

MINDSPACE Forecasts

Price

Revenue

Earnings

MINDSPACE

MINDSPACE

Income

Balance Sheet

Cash Flow

MINDSPACE Income Statement

MINDSPACE Income Statement

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Quartermar 2024jun 2024sep 2024dec 2024mar 2025jun 2025sep 2025dec 2025mar 2026jun 2026
Total Revenue624.10641.23652.15674.47707.77766.85796.38834.92914.89973.97
Operating & Other expensessubtract214.80183.70181.01181.40198.10190.13241.72187.96206.54232.73
Depreciation/Amortizationsubtract94.0296.9298.35106.37104.35114.81118.01122.20123.96119.46
Interest & Other Itemssubtract119.12126.30130.50144.49155.99202.85203.63208.93219.96256.12
Taxes & Other Itemssubtract77.58106.04116.66106.69162.49102.35116.51135.74165.88103.78
EPS2.042.302.372.411.502.371.822.923.113.92

MINDSPACE Company Updates

Annual Report and Investor Presentation updates mentioned here are as reported by the company to the exchange
FY 2024FY 2024

Annual report

PDF

Investor Presentation

Aug 1PDF
Jul 25PDF
FY 2023FY 2023

Annual report

PDF

Investor Presentation

Jun 16PDF
May 31PDF
May 4PDF
FY 2022FY 2022

Annual report

PDF
FY 2021FY 2021

Annual report

PDF
 

MINDSPACE Stock Peers

MINDSPACE Past Performance & Peer Comparison

MINDSPACE Past Performance & Peer Comparison

Comparing 3 stocks from 
Real EstateReal Estate

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StockPE RatioPE RatioPB RatioPB RatioDiv. YieldDividend Yield
Mindspace Business Parks REIT50.112.074.78%
DLF Ltd37.853.671.19%
Lodha Developers Ltd30.864.510.40%
The Phoenix Mills Limited55.444.740.13%
ScreenerCompare valuation on Screener

MINDSPACE Stock Price Comparison

Compare MINDSPACE with any stock or ETF
Compare MINDSPACE with any stock or ETF
MINDSPACE
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MINDSPACE Holdings

MINDSPACE Shareholdings

MINDSPACE Promoter Holdings Trend

MINDSPACE Promoter Holdings Trend

Increased Total Promoter Holding
Increasing promoter holding is considered good and reflects management’s positive view about the future outlook

In last 6 months, promoter holding in the company has increased by 2.84%

High Pledged Promoter Holding
Lower pledged promoter holdings is considered better

A significant proportion of promoter holdings is pledged

MINDSPACE Institutional Holdings Trend

MINDSPACE Institutional Holdings Trend

Total Retail Holding
Increasing retail holding can be considered bad as it can reflect that institutions and promoters are selling their stake which is being absorbed by retail investors.

In last 3 months, retail holding in the company has almost stayed constant

Foreign Institutional Holding
Foreign Institutional Holding is quantum of stock held by foreign large-quantities-trading entities. Increasing value indicates growing support and comfort for the stock

In last 3 months, foreign institutional holding of the company has almost stayed constant

Tickertape Separator

MINDSPACE Shareholding Pattern

MINDSPACE Shareholding Pattern

Retail and OthersForeign InstitutionsOther Domestic InstitutionsMutual FundsTotal Promoter Holding67.29%4.60%4.03%12.44%11.65%

Jan 2026

Mar 2026

May 2026

Jun 2026

MINDSPACE Shareholding History

MINDSPACE Shareholding History

SepDec '25JanMarMayJun14.36%14.27%13.41%13.24%12.81%12.44%

MINDSPACE Insider Trades & Bulk Stock Deals

MINDSPACE Insider Trades & Bulk Stock Deals

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smallcases containing MINDSPACE stock

smallcases containing MINDSPACE stock

A smallcase is a basket of stocks/ETFs that represents an idea or theme.Diversify your risk and buy smallcases that have Mindspace Business Parks REIT

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Realty Tracker

Realty Tracker

Created by Windmill Capital

MINDSPACE's Wtg.
6.87%
6.87%
CAGR
19.14%
Safe Haven Model

Safe Haven Model

Created by Windmill Capital

MINDSPACE's Wtg.
10.00%
10.00%
CAGR
17.16%

MINDSPACE Events

MINDSPACE Events

MINDSPACE Dividend Trend

Increasing Dividends
Dividends are the portion of earnings that a company distributes to all its shareholders every year

MINDSPACE has increased dividends consistently over the last 5 years

Dividend Yield
Dividend return is one of the most important things to be considered while investing for long term. It is the additional return on top of what investors earn through price appreciation

Current dividend yield is 4.78%. An investment of ₹1,000 in the stock is expected to generate dividend of ₹47.81 every year

Dividends

Corp. Actions

Announcements

Legal Orders

MINDSPACE Dividend Trend

Increasing Dividends
Dividends are the portion of earnings that a company distributes to all its shareholders every year

MINDSPACE has increased dividends consistently over the last 5 years

Dividend Yield
Dividend return is one of the most important things to be considered while investing for long term. It is the additional return on top of what investors earn through price appreciation

Current dividend yield is 4.78%. An investment of ₹1,000 in the stock is expected to generate dividend of ₹47.81 every year

MINDSPACE Upcoming Dividends

MINDSPACE Upcoming Dividends

No upcoming dividends are available

MINDSPACE Past Dividends

MINDSPACE Past Dividends

Cash Dividend

Ex DateEx DateAug 7, 2026

Final
Final | Div/Share: ₹6.67

Dividend/Share

₹6.67

Ex DateEx Date

Aug 7, 2026

Cash Dividend

Ex DateEx DateMay 5, 2026

Final
Final | Div/Share: ₹6.64

Dividend/Share

₹6.64

Ex DateEx Date

May 5, 2026

Cash Dividend

Ex DateEx DateJan 30, 2026

Final
Final | Div/Share: ₹5.83

Dividend/Share

₹5.83

Ex DateEx Date

Jan 30, 2026

Cash Dividend

Ex DateEx DateNov 7, 2025

Final
Final | Div/Share: ₹5.83

Dividend/Share

₹5.83

Ex DateEx Date

Nov 7, 2025

Cash Dividend

Ex DateEx DateAug 7, 2025

Final
Final | Div/Share: ₹5.79

Dividend/Share

₹5.79

Ex DateEx Date

Aug 7, 2025

MINDSPACE Stock News & Opinions

MINDSPACE Stock News & Opinions

Corporate
Corporate
Mindspace REIT recognized as GRESB Sector Leader for sustainability practices across its portfolio

Mindspace Business Parks REIT (BSE: 543217 | NSE: MINDSPACE) has been named GRESB 2026 Sector Leader across both the Development and Standing Investments benchmarks, achieving a perfect score of 100 out of 100 in the Development Benchmark and a score of 94.2 out of 100 in the Standing Investments benchmark. The recognition, based on assessments by GRESB, identifies the REIT as a Global Sector Leader and Regional Sector Leader, reflecting its focus on sustainability practices across its portfolio of Grade A office assets in Mumbai Region, Pune, Hyderabad, and Chennai.

15 hours agoCapital Market - Live
Corporate
Corporate
Mindspace Business Parks REIT makes interest payments on NCDs totaling Rs 1200 crore

K Raheja Corp Investment Managers Private Limited, acting as manager to Mindspace Business Parks REIT, confirmed that all interest payments due on September 30, 2026, for a series of Non-Convertible Debentures (NCDs) were made on September 29, 2026. The NCD series, which includes issue sizes ranging from Rs 500 crore to Rs 1200 crore, had pre-TDS interest amounts ranging from Rs 3.86 crore to Rs 21.05 crore. The confirmation also stated that there were no unpaid principal or interest obligations as of September 30, 2026. The document, signed by Mridul Gupta, Company Secretary & Compliance Officer, noted that no delays or reasons for non-payment were recorded for any of the NCD series.

2 weeks agoCapital Market - Live
Corporate
Corporate
Mindspace Airoli East business park earns IGBC Green Landscape Gold Rating, a first for Indian REITs

Mindspace Business Parks REIT (BSE: 543217 | NSE: MINDSPACE) announced that its Mindspace Airoli East business park in Navi Mumbai has received the IGBC Green Landscape Gold Rating from the Indian Green Building Council (IGBC), making it the first REIT in India to achieve this distinction, which recognizes green spaces within a business park for their contribution to biodiversity and workplace experience.

2 weeks agoCapital Market - Live
Corporate
Corporate
Mindspace REIT will halt securities trading ahead of financial results release in 2026

Mindspace Business Parks REIT informed the National Stock Exchange of India Limited and BSE Limited that it will close its trading window for dealing in securities from October 1, 2026, as per Securities and Exchange Board of India (Prohibition of Insider Trading) Regulations, 2015, and will reopen 48 hours after the declaration of financial results for the quarter ended September 30, 2026.

3 weeks agoCapital Market - Live
Corporate
Corporate
Mindspace Business Parks REIT redeemed Rs 675 crore in commercial paper obligations

Mindspace Business Parks REIT announced it has fulfilled its payment obligations for the redemption of commercial paper totaling Rs 675 crore on September 23, 2026, according to a filing with the National Stock Exchange of India Ltd. and BSE Limited. The REIT redeemed 13,500 commercial papers issued on a private placement basis with a face value of Rs 500,000 each, and no dues are outstanding.

3 weeks agoCapital Market - Live
Corporate
Corporate
Mindspace REIT to host investor visits to Chennai and Hyderabad properties in September 2026

Mindspace Business Parks REIT, acting through its manager K Raheja Corp Investment Managers Private Limited, will host investor visits to properties in Chennai on September 23, 2026, and Hyderabad on September 24, 2026, followed by an interaction with the management team.

3 weeks agoCapital Market - Live
Corporate
Corporate
Mindspace Business Parks REIT redeemed Rs 350 crore in commercial paper on September 15, 2026

Mindspace Business Parks REIT has completed the redemption of commercial paper totaling Rs 350 crore on September 15, 2026, according to a filing with the National Stock Exchange of India Ltd. and BSE Limited. The REIT fulfilled its payment obligations and has no outstanding dues related to the commercial paper, which was issued on a private placement basis with 7,000 instruments of Rs 500,000 face value each.

1 month agoCapital Market - Live
Corporate
Corporate
Mindspace executives to meet investors at Mumbai and Gurgaon forums in September 2026

Mindspace Business Parks REIT, acting through its manager K Raheja Corp Investment Managers Private Limited, announced that its management team will participate in the Ambit REITs & Alternative Real Estate Conference in Mumbai on September 8, 2026, and the Jefferies India Forum in Gurgaon on September 17, 2026, for group meetings and one-on-one meetings with investors.

1 month agoCapital Market - Live
Corporate
Corporate
K Raheja Corp released and pledged Mindspace REIT units to ICICI Bank, securing business purposes

K Raheja Corp Private Limited, a member of the sponsor group of Mindspace Business Parks REIT, disclosed the release and creation of encumbrances on its holdings of REIT units. Specifically, K Raheja Corp Private Limited released a pledge on 1,20,85,747 units, representing 1.82% of the total outstanding units, on August 24, 2026, reducing its encumbered units as a percentage of total units held to 33.02% from a previous level. Simultaneously, the company created a pledge on the same number of units, 1,20,85,747, representing 1.82% of outstanding units, with a period of encumbrance up to September 15, 2041, in favor of IDBI Trusteeship Services Limited, security trustee for lender ICICI Bank Limited, for business purposes.

1 month agoCapital Market - Live
Corporate
Corporate
Mindspace Business Parks REIT to host virtual investor meeting on August 27, 2026

Mindspace Business Parks REIT announced that its management team will hold a virtual group meeting with investors, including institutional investors, on August 27, 2026, and a presentation to be used at the meeting is available on the REIT's website.

1 month agoCapital Market - Live

Frequently asked questions

  1. The share price of MINDSPACE as on 19th October 2026 is ₹493.34. The stock prices are volatile and keep changing through the day depending upon various factors and market conditions.

  2. The past returns of Mindspace Business Parks REIT (MINDSPACE) share are
    • Past 1 week: -0.38%
    • Past 1 month: -2.45%
    • Past 3 months: 0.13%
    • Past 6 months: 4.89%
    • Past 1 year: 6.10%
    • Past 3 years: 54.64%
    • Past 5 years: 49.99%

  3. The current dividend yield of Mindspace Business Parks REIT (MINDSPACE) is 4.78.

  4. Market capitalization, short for market cap, is the market value of a publicly traded company's outstanding shares. The market cap of Mindspace Business Parks REIT (MINDSPACE) is ₹32666.73 Cr as of 19th October 2026.

  5. The 52-week high of Mindspace Business Parks REIT (MINDSPACE) is ₹525.50 and the 52-week low is ₹441.01.

  6. The P/E (price-to-earnings) ratio of Mindspace Business Parks REIT (MINDSPACE) is 50.11. The P/B (price-to-book) ratio is 2.07.

  7. Mindspace Business Parks REIT (MINDSPACE) belongs to the Real Estate sector & Real Estate sub-sector.

  8. You can directly buy Mindspace Business Parks REIT (MINDSPACE) shares on Tickertape. Simply sign up, connect your demat account and place your order.