Mindspace Business Parks REIT

Mindspace Business Parks REIT

467.49
+7.11
(1.54%)
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No Peers Availabel for Comparision
Key Fundamentals
Add Ratio
Market Cap
28,045.60 Cr
EPS
8.02
PE Ratio
52.33
Dividend Yield
4.73 %
Industry
Realty
52 Week High
474.88
52 Week Low
354.30
PB Ratio
1.37
Debt to Equity
0.61
Sector
REITs
Forecast For
Actual

Company News

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positive
Mindspace Business Parks REIT has allotted 70,000 non-convertible debentures worth ₹700 crore with a coupon rate of 7.1485% per annum and a tenor of 4 years and 364 days, maturing on November 15, 2030. The debentures were issued at a premium, generating total consideration of ₹700.57 crore through multiple yield allotment method, as part of the REIT's approved debt raising program up to ₹11,500 crore.
positive
Mindspace REIT Reports 26% Jump in Operating Income Driven by Strong LeasingNov 05, 2025
Mindspace Business Parks REIT reported net operating income of Rs 634 crore, up 25.8% year-on-year, with revenue from operations rising 24.8% to Rs 778 crore. Distribution per unit increased 13.2% to Rs 5.83. The REIT achieved gross leasing of 0.8 million sq ft with committed occupancy at 93.8%. Gross asset value grew from Rs 36,647 crore in March to Rs 41,020 crore. The company raised Rs 2,850 crore through commercial papers and debentures, with cost of debt declining to 7.52%. Average rent stood at Rs 74 per sq ft monthly, with Hyderabad's Madhapur area commanding over Rs 100 per sq ft for new deals. The REIT declared Rs 355 crore distribution for the quarter.
positive
Mindspace Business Parks REIT received 11 Sword of Honour Awards from the British Safety Council for 2025, marking its 7th consecutive year of recognition for excellence in health and safety management systems. This is the second consecutive year the REIT has earned the highest number of awards among all listed REITs globally. All 11 participating properties in the REIT's portfolio received the recognition, including assets in Mumbai, Pune, Chennai, and Hyderabad. The awards require organizations to achieve 5-star ratings in the British Safety Council's Health and Safety Management Audit for the period August 1, 2024 to July 31, 2025. CEO Ramesh Nair highlighted that safety is embedded in how the company designs, operates and grows its spaces. The REIT's portfolio comprises 38.1 million square feet of total leasable area across integrated business parks and independent office assets.
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Competitors
LTP
Market Cap (₹ Cr.)
P/E Ratio
Revenue (₹ Cr.)
YoY Revenue Growth %
Net Profit (₹ Cr.)
YoY Profit Growth %
RSI
No data
Growth Rate
Revenue Growth
8.02 %
Net Income Growth
-8.46 %
Cash Flow Change
32.15 %
ROE
-7.71 %
ROCE
-6.02 %
EBITDA Margin (Avg.)
1.29 %

Quarterly Financial Results

Quarterly Financials
Mar 2020
Jun 2020
Sept 2020
Dec 2020
Mar 2021
Jun 2021
Sept 2021
Dec 2021
Mar 2022
Jun 2022
Sept 2022
Dec 2022
Mar 2023
Jun 2023
Sept 2023
Dec 2023
Mar 2024
Jun 2024
Sept 2024
Dec 2024
Mar 2025
Jun 2025
Sept 2025
Revenue
0
0
278
432
447
424
429
443
530
496
688
565
572
602
640
611
624
641
652
675
708
767
796
Expenses
2
1
74
99
133
223
97
94
116
120
310
153
302
168
183
162
215
184
181
181
198
190
242
EBITDA
-2
-1
204
333
315
201
332
349
414
376
378
412
271
434
458
449
409
458
471
493
510
577
555
Operating Profit %
0 %
0 %
73 %
77 %
70 %
47 %
77 %
79 %
76 %
75 %
55 %
73 %
47 %
72 %
71 %
73 %
65 %
71 %
72 %
73 %
71 %
74 %
69 %
Depreciation
0
0
50
81
71
74
74
84
86
85
86
93
92
93
98
98
94
97
98
106
104
115
118
Interest
0
0
50
60
61
60
63
66
75
72
83
91
98
107
115
116
119
126
131
145
156
203
204
Profit Before Tax
-2
-1
104
192
183
67
195
199
253
219
209
229
81
234
245
235
196
234
242
242
249
259
233
Tax
0
0
36
52
57
29
65
54
120
91
122
103
115
97
95
88
69
97
107
97
153
92
106
Net Profit
-2
-1
68
140
127
38
130
146
134
128
87
127
-34
137
151
147
127
138
135
145
96
167
127
EPS in ₹
-0.03
2.20
1.55
2.20
1.93
0.70
2.02
2.30
2.13
1.99
1.33
1.95
-0.49
2.15
2.38
2.32
2.04
2.30
2.37
2.41
1.50
2.37
1.82

Balance Sheet

Balance Sheet
2019
2020
2021
2022
2023
2024
2025
Total Assets
0
0
22,272
22,354
22,723
23,845
27,160
Fixed Assets
0
0
21,199
21,223
21,431
21,974
24,774
Current Assets
0
0
535
560
803
1,157
1,244
Capital Work in Progress
0
0
2
0
0
0
65
Investments
0
0
2
2
3
3
4
Other Assets
0
0
1,069
1,128
1,289
1,868
2,318
Total Liabilities
0
0
22,272
22,354
22,723
23,845
27,160
Current Liabilities
0
5
1,356
1,777
1,830
3,263
2,702
Non Current Liabilities
0
0
3,703
4,106
5,315
5,653
9,648
Total Equity
0
-5
17,213
16,471
15,578
14,929
14,811
Reserve & Surplus
0
-5
19
-663
-1,501
-2,115
-2,528
Share Capital
0
0
16,284
16,284
16,284
16,284
16,582

Cash Flow

Cash Flow
2019
2020
2021
2022
2023
2024
2025
Net Cash Flow
-8
0
147
-48
186
-96
45
Investing Activities
-586
0
853
-456
-751
-1,459
-1,500
Operating Activities
934
0
798
1,162
1,393
1,527
2,017
Financing Activities
-356
0
-1,504
-754
-456
-164
-473

Share Holding

% Holding
Mar 2021
Jun 2021
Sept 2021
Dec 2021
Mar 2022
Jun 2022
Sept 2022
Dec 2022
Mar 2023
Jun 2023
Sept 2023
Dec 2023
Mar 2024
Jun 2024
Dec 2024
Mar 2025
Jun 2025
Promoter
63.22 %
63.22 %
63.22 %
63.22 %
63.22 %
63.22 %
63.22 %
63.22 %
63.22 %
63.48 %
63.48 %
63.48 %
63.48 %
63.48 %
63.48 %
64.45 %
64.45 %
FIIs
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
DIIs
0.09 %
0.10 %
1.37 %
1.25 %
1.30 %
1.32 %
1.23 %
1.32 %
1.49 %
2.04 %
2.07 %
2.09 %
2.51 %
3.07 %
8.92 %
8.81 %
8.79 %
Government
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
Public / Retail
6.68 %
7.54 %
8.20 %
8.58 %
8.87 %
9.02 %
9.14 %
9.35 %
9.62 %
9.85 %
9.97 %
10.15 %
10.13 %
10.15 %
9.79 %
9.30 %
9.04 %
Others
30.02 %
29.14 %
27.21 %
26.95 %
26.61 %
26.44 %
26.41 %
26.11 %
25.67 %
24.62 %
24.48 %
24.28 %
23.88 %
23.30 %
17.81 %
17.45 %
17.72 %
No of Share Holders
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0

Dividend History

Annual Cash Flows 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Dividend Per Share (₹) 0.00 0.00 0.00 0.00 0.00 9.59 18.45 19.1 19.16 21.95
Dividend Yield (%) 0.00 0.00 0.00 0.00 0.00 2.77 5.64 5.53 5.11 4.77

Corporate Action

Record Date Corporate Action Information Announcement Day LTP at Annoucement LTP at Record Day
18 Feb 2021 DIVIDEND Dividend
₹ 4.78 /share
17 Feb 2021 327.75 310.91
21 May 2021 DIVIDEND Dividend
₹ 4.81 /share
20 May 2021 289.99 289.88
19 Aug 2021 DIVIDEND Dividend
₹ 4.60 /share
17 Aug 2021 290.08 293.00
18 Nov 2021 DIVIDEND Dividend
₹ 4.60 /share
17 Nov 2021 324.20 326.34
16 Feb 2022 DIVIDEND Dividend
₹ 4.64 /share
15 Feb 2022 357.91 359.29
18 May 2022 DIVIDEND Dividend
₹ 4.61 /share
17 May 2022 346.30 344.83
16 Aug 2022 DIVIDEND Dividend
₹ 4.74 /share
11 Aug 2022 372.25 370.02
21 Nov 2022 DIVIDEND Dividend
₹ 4.75 /share
18 Nov 2022 341.44 339.49
06 Feb 2023 DIVIDEND Dividend
₹ 4.80 /share
06 Feb 2023 336.32 321.72
10 May 2023 DIVIDEND Dividend
₹ 4.81 /share
10 May 2023 323.08 323.18
31 Jul 2023 DIVIDEND Dividend
₹ 4.80 /share
31 Jul 2023 302.94 307.02
06 Nov 2023 DIVIDEND Dividend
₹ 4.79 /share
06 Nov 2023 308.89 311.11
06 Feb 2024 DIVIDEND Dividend
₹ 4.80 /share
06 Feb 2024 327.33 329.84
09 May 2024 DIVIDEND Dividend
₹ 4.77 /share
09 May 2024 353.31 354.32
21 Jun 2024 ANNUAL GENERAL MEETING Annual General Meeting
NA
21 Jun 2024 339.46 339.00
02 Aug 2024 DIVIDEND Dividend
₹ 5.04 /share
02 Aug 2024 344.79 345.73
25 Oct 2024 QUARTERLY RESULT ANNOUNCEMENT Quarterly Result Announcement
NA
25 Oct 2024 369.76 369.98
30 Oct 2024 DIVIDEND Dividend
₹ 5.15 /share
30 Oct 2024 369.98 371.69
24 Jan 2025 QUARTERLY RESULT ANNOUNCEMENT Quarterly Result Announcement
NA
24 Jan 2025 372.27 377.34
29 Jan 2025 DIVIDEND Dividend
₹ 5.32 /share
29 Jan 2025 377.34 377.45
30 Apr 2025 QUARTERLY RESULT ANNOUNCEMENT Quarterly Result Announcement
NA
30 Apr 2025 378.52 383.60
06 May 2025 DIVIDEND Dividend
₹ 6.44 /share
06 May 2025 383.60 385.35
24 Jun 2025 ANNUAL GENERAL MEETING Annual General Meeting
NA
24 Jun 2025 395.25 410.23
04 Aug 2025 QUARTERLY RESULT ANNOUNCEMENT Quarterly Result Announcement
NA
04 Aug 2025 419.63 412.52
07 Aug 2025 DIVIDEND Dividend
₹ 5.79 /share
07 Aug 2025 412.52 426.89
05 Nov 2025 QUARTERLY RESULT ANNOUNCEMENT Quarterly Result Announcement
NA
05 Nov 2025 463.86 469.07
08 Nov 2025 DIVIDEND Dividend
₹ 5.83 /share
07 Nov 2025 469.07 465.51

Announcements

Reg 23(5)(i): Disclosure of material issue4 hours ago
Reg 23(5)(i): Disclosure of material issue2 days ago
Reg 23(5)(i): Disclosure of material issue2 days ago
Reg 23(5)(i): Disclosure of material issue4 days ago
Reg 23(5)(i): Disclosure of material issueNov 06, 2025
Compliances-Reg. 54 - Asset Cover details Nov 05, 2025
Reg 21: Disclosure of valuation report received by the managerNov 05, 2025
Reg 23(5)(i): Disclosure of material issueNov 05, 2025
Reg 23(5)(i): Disclosure of material issueNov 05, 2025
Reg 23(5)(i): Disclosure of material issueNov 04, 2025
Reg 23(5)(i): Disclosure of material issueOct 29, 2025
Reg 23(5)(d): Disclosure of details of any credit rating obtained by the REIT and any change in such ratingOct 29, 2025
Reg 23(5)(d): Disclosure of details of any credit rating obtained by the REIT and any change in such ratingOct 28, 2025
Reg 23(5)(i): Disclosure of material issueOct 28, 2025
Reg 18(16): Disclosure of record date for purpose of distributionOct 28, 2025
Reg 23(5)(i): Disclosure of material issueOct 28, 2025
Unit Holding PatternOct 20, 2025
Reg 23(5)(i): Disclosure of material issueOct 17, 2025
Reg 26E: Quarterly Compliance Report on Corporate governanceOct 16, 2025
Investor ComplaintsOct 16, 2025
Reg 23(5)(i): Disclosure of material issueOct 16, 2025
Reg 23(5)(i): Disclosure of material issueOct 16, 2025
Reg 23(5)(i): Disclosure of material issueOct 14, 2025
Compliances-Reg. 57 (1) - Certificate of interest payment/Principal in case of NCD Oct 01, 2025
Reg 23(5)(i): Disclosure of material issueSep 29, 2025
Reg 23(5)(i): Disclosure of material issueSep 15, 2025
Reg 23(5)(i): Disclosure of material issueSep 15, 2025
Reg 23(5)(i): Disclosure of material issueSep 12, 2025
Reg 23(5)(i): Disclosure of material issueSep 10, 2025
Reg 23(5)(i): Disclosure of material issueSep 08, 2025
Reg 23(5)(i): Disclosure of material issueSep 04, 2025
Reg 23(5)(i): Disclosure of material issueSep 04, 2025
Reg 23(5)(i): Disclosure of material issueAug 29, 2025
Reg 23(5)(i): Disclosure of material issueAug 29, 2025
Reg 23(5)(i): Disclosure of material issueAug 25, 2025
Reg 23(5)(i): Disclosure of material issueAug 22, 2025
Reg 23(5)(i): Disclosure of material issueAug 21, 2025
Reg 23(5)(i): Disclosure of material issueAug 20, 2025
Reg 23(5)(i): Disclosure of material issueAug 20, 2025
Reg 23(5)(i): Disclosure of material issueAug 07, 2025
Reg 23(5)(i): Disclosure of material issueAug 06, 2025
Reg 23(5)(i): Disclosure of material issueAug 04, 2025
Reg 23(5)(i): Disclosure of material issueAug 04, 2025
Reg 23(5)(i): Disclosure of material issueAug 04, 2025
Reg 23(5)(d): Disclosure of details of any credit rating obtained by the REIT and any change in such ratingJul 30, 2025
Reg 23(5)(i): Disclosure of material issueJul 28, 2025
Reg 23(5)(i): Disclosure of material issueJul 25, 2025
Reg 23(5)(i): Disclosure of material issueJul 24, 2025
Reg 23(5)(i): Disclosure of material issueJul 23, 2025
Reg 23(5)(i): Disclosure of material issueJul 23, 2025

Mutual Fund Holdings

Funding HouseCurrent Holding %1M Change1M Change %3M Change %Last 6M Trend
UTI Aggressive Hybrid Fund Direct Fund-Growth
0.75%
-115850
-0.09%
-0.13%
Nippon India Balanced Advantage Fund Direct-Growth
0.85%
0
0.00%
0.05%
ICICI Prudential Credit Risk Fund Direct Plan-Growth
1.58%
0
0.05%
0.16%
ICICI Prudential Balanced Advantage Direct-Growth
0.54%
0
0.00%
0.03%
360 ONE Dynamic Bond Fund Direct-Growth
0.88%
0
0.02%
-0.12%
ICICI Prudential Equity & Debt Fund Direct-Growth
0.55%
0
-0.01%
0.02%
Nippon India Conservative Hybrid Fund Direct-Growth
0.28%
0
0.00%
0.02%
ICICI Prudential Housing Opportunities Fund Direct - Growth
0.00%
0
0.00%
0.00%
ICICI Prudential Medium Term Bond Fund Direct Plan-Growth
0.43%
0
0.01%
0.04%
ICICI Prudential Multi Asset Fund Direct-Growth
0.10%
0
0.00%
0.00%
ICICI Prudential Regular Savings Fund Direct-Growth
0.99%
0
-0.01%
0.05%
Kotak Aggressive Hybrid Fund Direct-Growth
0.20%
0
0.00%
0.00%
Kotak Balanced Advantage Fund Direct - Growth
0.19%
0
0.00%
0.01%
Kotak Bond Fund Direct-Growth
0.00%
0
0.00%
0.00%
Kotak Dynamic Bond Fund Direct-Growth
0.00%
0
0.00%
0.00%
Kotak Equity Savings Fund Direct-Growth
0.00%
0
0.00%
0.00%
Kotak Medium Term Fund Direct-Growth
0.00%
0
0.00%
0.00%
WhiteOak Capital Multi Cap Fund Direct - Growth
0.00%
0
0.00%
0.00%
Edelweiss Equity Savings Fund Direct-Growth
0.05%
0
0.00%
-0.01%
ICICI Prudential Equity Savings Fund Direct-Growth
0.00%
0
0.00%
-0.21%
Parag Parikh Conservative Hybrid Fund Direct - Growth
0.74%
0
0.00%
0.03%
Parag Parikh Flexi Cap Fund Direct-Growth
0.03%
0
0.00%
0.00%
SBI Credit Risk Fund Direct-Growth
0.00%
0
0.00%
0.00%
SBI Dividend Yield Fund Direct - Growth
0.99%
0
0.00%
0.06%
SBI Magnum Medium Duration Fund Direct -Growth
0.44%
0
0.00%
0.02%

Technical Indicators