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Mindspace Business Parks REIT

MINDSPACE

Mindspace Business Parks REIT

MINDSPACE
Real EstateReal Estate
SmallcapWith a market cap of ₹20,155 cr, stock is ranked 349
Low RiskStock is 1.05x as volatile as Nifty
364.461.01% (-3.72)
364.461.01% (-3.72)

Price Chart

High
Low
Returns
1D
1W
1M
1Y
5Y
Max
SIP
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1D
1W
1M
1Y
5Y
Max
SIP
Real EstateReal Estate
SmallcapWith a market cap of ₹20,155 cr, stock is ranked 349
Low RiskStock is 1.05x as volatile as Nifty
Scorecard

Performance

Low

Hasn't fared well - amongst the low performers

Valuation

High

Seems to be overvalued vs the market average

Growth

Low

Lagging behind the market in financials growth

Profitability

High

Showing good signs of profitability & efficiency

Entry point

Avg

The stock is not in the overbought zone

Red flags

Low

No red flag found

How to use scorecard? Learn more

Real EstateReal Estate
SmallcapWith a market cap of ₹20,155 cr, stock is ranked 349
Low RiskStock is 1.05x as volatile as Nifty

Key Metrics

No LabelNo LabelPB RatioPB RatioDividend YieldDiv. Yield
38.331.351.40%
Sector PESector PESector PBSector PBSector Div YldSctr Div Yld
64.754.310.68%

Forecast & Ratings

Detailed Forecast 
87%
Analysts have suggested that investors can buy this stock

from 15 analysts

Price

Price Upside

Earnings

Earnings Growth

Revenue

Rev. Growth

See Detailed Forecast

Company Profile

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

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Forecasts

Price

Revenue

Earnings

Income

Balance Sheet

Cash Flow

Income Statement

Industry refers to the sub-sector this company belongs to.

Higher than Industry Revenue Growth

A higher-than-industry revenue growth represents increased potential for the company to increase their market share

Over the last 5 years, revenue has grown at a yearly rate of 7.93%, vs industry avg of 3.63%

Increasing Market Share

Market share is the percentage of an industry's total sales going to a particular company. It gives a general idea of the size of a company v/s its competitors

Over the last 5 years, market share increased from 2.51% to 2.76%

Lower than Industry Net Income

Net income is equal to net earnings (profit) less expenses. This number is an important measure of how profitable the company is

Over the last 5 years, net income has grown at a yearly rate of 1.86%, vs industry avg of 14.25%

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Financial YearFY 2019FY 2020FY 2021FY 2022FY 2023FY 2024TTM
Total Revenue1,691.400.001,159.701,777.202,324.602,476.902,516.43
Raw Materialssubtract0.000.000.200.601.500.10742.80
Power & Fuel Costsubtract69.600.0056.7083.40145.80162.70
Employee Costsubtract4.400.0011.5022.6028.7029.80
Selling & Administrative Expensessubtract134.504.90109.30156.60169.10196.80
Operating & Other expensessubtract209.600.00122.30206.40542.60337.60
Depreciation/Amortizationsubtract219.600.00209.10328.90355.40382.70386.34
Interest & Other Itemssubtract446.400.00171.30264.40343.10456.60476.52
Taxes & Other Itemssubtract128.400.00171.90290.50454.80385.60384.92
EPS78.32-1.6010.377.154.788.858.87
DPS0.000.009.599.5918.454.7719.16
Payout ratio0.000.000.931.343.860.542.16

Company Updates

Annual Report and Investor Presentation updates mentioned here are as reported by the company to the exchange
FY 2023

Annual report

PDF

Investor Presentation

Jun 16PDF
May 31PDF
May 4PDF
FY 2024

Annual report

PDF

Investor Presentation

Aug 1PDF
Jul 25PDF
 

Peers & Comparison

Comparing 3 stocks from 
Real EstateReal Estate

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StockPE RatioPE RatioPB RatioPB RatioDiv. YieldDividend Yield
Mindspace Business Parks REIT38.391.351.40%
DLF Ltd76.685.300.59%
Macrotech Developers Ltd75.386.650.19%
Godrej Properties Ltd111.097.82

Price Comparison

Compare MINDSPACE with any stock or ETF
Compare MINDSPACE with any stock or ETF
MINDSPACE
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Shareholdings

Promoter Holdings Trend

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 almost stayed constant

Low Pledged Promoter Holding

Lower pledged promoter holdings is considered better

Pledged promoter holdings is insignificant

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

Shareholding Pattern

Retail and OthersForeign InstitutionsOther Domestic InstitutionsMutual FundsTotal Promoter Holding63.48%1.28%2.49%18.64%14.12%

Sep 2023

Dec 2023

Mar 2024

Jun 2024

Shareholding History

MarJunSepDec '23MarJun20.93%19.72%19.71%19.65%19.24%18.64%

Insider Trades & Bulk Deals

Hmm, looks like there hasn't been any net deal activity in the last 6 months

smallcases

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

Events

Dividend Trend

No dividend trend available

Dividends

Corp. Actions

Announcements

Legal Orders

Upcoming Dividends

No upcoming dividends are available

Past Dividends

Cash Dividend

Ex DateEx DateAug 2, 2024

Final
Final | Div/Share: ₹5.04

Dividend/Share

5.04

Ex DateEx Date

Aug 2, 2024

Cash Dividend

Ex DateEx DateMay 9, 2024

Final
Final | Div/Share: ₹4.77

Dividend/Share

4.77

Ex DateEx Date

May 9, 2024

Cash Dividend

Ex DateEx DateFeb 6, 2024

Final
Final | Div/Share: ₹4.80

Dividend/Share

4.80

Ex DateEx Date

Feb 6, 2024

Cash Dividend

Ex DateEx DateNov 6, 2023

Final
Final | Div/Share: ₹4.79

Dividend/Share

4.79

Ex DateEx Date

Nov 6, 2023

Cash Dividend

Ex DateEx DateJul 31, 2023

Final
Final | Div/Share: ₹4.80

Dividend/Share

4.80

Ex DateEx Date

Jul 31, 2023

News & Opinions
Corporate
Board of Mindspace Business Parks REIT recommends final dividend

Mindspace Business Parks REIT announced that the Board of Directors of the Company at its meeting held on 30 July 2024, inter alia, have recommended the final dividend of Rs 5.04 per equity Share (i.e. 1.83%) , subject to the approval of the shareholders.Powered by Capital Market - Live

2 months agoCapital Market - Live

Mindspace Business Parks REIT consolidated net profit rises 0.60% in the June 2024 quarter

2 months agoBusiness Standard
Earnings
Mindspace Business Parks REIT consolidated net profit rises 0.60% in the June 2024 quarter

Net profit of Mindspace Business Parks REIT rose 0.60% to Rs 128.27 crore in the quarter ended June 2024 as against Rs 127.50 crore during the previous quarter ended June 2023. Sales rose 7.54% to Rs 638.16 crore in the quarter ended June 2024 as against Rs 593.40 crore during the previous quarter ended June 2023. ParticularsQuarter EndedJun. 2024Jun. 2023% Var. Sales638.16593.40 8 OPM %71.2171.77 - PBDT331.23327.60 1 PBT234.32234.30 0 NP128.27127.50 1 Powered by Capital Market - Live

2 months agoCapital Market - Live

Mindspace REIT Q1FY25 results: Net operating income up 9 % to Rs 496 cr

2 months agoBusiness Standard
Corporate
Board of Mindspace Business Parks REIT recommends final dividend

Mindspace Business Parks REIT announced that the Board of Directors of the Company at its meeting held on 30 July 2024, inter alia, have recommended the final dividend of Rs 5.04 per equity Share (i.e. 1.83%) , subject to the approval of the shareholders.Powered by Capital Market - Live

2 months agoCapital Market - Live

Mindspace Business Parks REIT to invest Rs 3,500 cr to develop new office properties

2 months agoEconomic Times

Realty check: Avoid buying commercial real estate stocks, caution analysts

2 months agoBusiness Standard
Corporate
Mindspace Business Parks REIT to convene board meeting

Mindspace Business Parks REIT will hold a meeting of the Board of Directors of the Company on 30 July 2024.Powered by Capital Market - Live

2 months agoCapital Market - Live

World Bank member IFC invests Rs 650 cr in Mindspace REIT’s sustainability-linked bonds

3 months agoEconomic Times

Mindspace becomes first Indian REIT to issue sustainability-linked bonds

3 months agoBusiness Standard