Mindspace Business Parks REIT - Stock Valuation and Financial Performance

BSE: 543217 | NSE: MINDSPACE | Finance - Investment | Small Cap

Mindspace Business Share Price

343.11 -1.00 -0.29%
as on 28-Mar'24 15:30

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Mindspace Business Parks REIT stock performance -

mw4me loader
P/E Ratio (SA):
0.00
Market Cap:
0 Cr.
52-wk low:
298.2
52-wk high:
364.3

Is Mindspace Business Parks REIT an attractive stock to invest in?

1. Is Mindspace Business Parks REIT a good quality company?

Past 10 year’s financial track record analysis by Moneyworks4me indicates that Mindspace Business Parks REIT is a below average quality company.

2. Is Mindspace Business Parks REIT undervalued or overvalued?

The key valuation ratios of Mindspace Business Parks REIT's currently when compared to its past seem to suggest it is in the Overvalued zone.

3. Is Mindspace Business Parks REIT a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Mindspace Business Parks REIT is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of Mindspace Business:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Mindspace Business Parks REIT has not performed well majority of the past ten years indicating its past ten year financial track record is not good
Mar'10Mar'11Mar'12Mar'13Mar'14Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Operating Income (₹ Cr.)280011.212006131,2011,2791,279
YoY Gr. Rt. %--100%NANA7.1%-100%NANA95.9%6.4%-
Adj EPS (₹ ) 1,744.1-1,406.3-4,092.9-136.2639.4009.818.619.40
YoY Gr. Rt. %--180.6%NANANA-100%NANA89%4.2%-
BVPS (₹ )13,631.712,225.48,132.57,996.38,635.700279.6279.52800
YoY Gr. Rt. %--10.3%-33.5%-1.7%8%-100%NANA-0%0.2%-
To view Net Profit/Total Funds (%) Colour Rating Guide click here
Net Profit/Total Funds (%)1.8-1.1-2.3-0.10.3003.36.16.20

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Net Interest Income52.9%154.3%NA6.4%
Adj EPS-39.4%-50.3%NA4.2%
BVPS-35.1%-49.6%NA0.2%
Share Price - - 4.3% 12.3%

Key Financial Ratios

RATIOS \ YEARSMar'10Mar'11Mar'12Mar'13Mar'14Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Margins
Net Profit Margin (%)34.900-6.829.80095.191.889.90
Performance Ratios To view Performance Ratios Colour Rating Guide click here
Return on Equity (%)10.2-8.2-28.3-1.15.1003.56.76.90

Recent Performance Summary

No data to display

Return on Equity has declined versus last 3 years average to 0.00%

Total Income has declined 0.00 CAGR in last 3 years

Net Profit has declined 0.00 CAGR in last 3 years

Total income growth is poor in last 4 quarters

Latest Financials - Mindspace Business Parks REIT

Standalone Consolidated
TTM EPS (₹) 0 -
TTM Sales (₹ Cr.) 1,279 -
BVPS (₹.) 0 -
Reserves (₹ Cr.) 320 -
P/BV 0.00 -
PE 0.00 -
From the Market
52 Week Low / High (₹) 298.15 / 364.30
All Time Low / High (₹) 275.16 / 388.00
Market Cap (₹ Cr.) 0
Equity (₹ Cr.) 0
Face Value (₹) 275
Industry PE 44.9

Management X-Ray of Mindspace Business:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Mindspace Business

Adj EPS (Rs.)

Total Income (Cr.)

ROE (%)

BVPS (Rs.)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'21Mar'22Mar'23
Income614.501,202.501,282.20
Interest Income613.301,201.401,278.50
Other Income 1.201.103.70
Expenditure 30.6098.90131.30
Interest Expense 23.1086.70113.90
Operating Expenses 7.401217
Provisions 0.100.200.40
Exceptional Items 000
Profit Before Tax 583.901,103.601,150.90
Taxes 0.500.601.80
Profit After Tax 583.401,1031,149.10
Adjusted EPS (₹)9.818.619.4
Dividend Payout Ratio (%)0%0%0%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'21Mar'22Mar'23

Equity and Liabilities

Equity Capital16,578.9016,575.8016,604.10
Share Capital 16,283.9016,283.9016,283.90
Reserves 295291.90320.20
Minority Interest000
Long Term Borrowings1,161.801,169.302,043.20
Current Liabilities 4.10556.90205.10
Trade Payables1.3011.70
Short term borrowings000
Other Liabilities-1.30-1-1.70
Total Liabilities 17,744.8018,30218,852.40

Assets

Non Current Asset 17,449.9017,463.8018,354.80
Loan Asset 000
Other Non Current Asset 17,449.9017,463.8018,354.80
Current Asset 294.90838.20497.60
Current Investment000
Other Current Asset294.90838.20497.60
Total Assets 17,744.8018,30218,852.40

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'21Mar'22Mar'23
Cash Flow From Operating Activity -10.60-12.50-19.90
Cash Flow From Investing Activity -1,524.70633748.70
Cash Flow From Financing Activity 1,829.10-632.90-711.80
Net Cash Flow 293.80-12.4017
PARTICULARSMar'21Mar'22Mar'23

Operational & Financial Ratios

EPS (₹)101919
DPS (₹)000
BVPS (₹)280280280

Performance Ratios

ROA (%)3.36.16.2
ROE (%)3.56.76.9
ROCE (%)3.46.66.8

Valuation Parameters

Price/Book(x)1.11.21.2

Mindspace Business Parks REIT Stock News

Mindspace Business Parks REIT FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Mindspace Business on 28-Mar-2024 15:30 is ₹343.1.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 28-Mar-2024 15:30 the market cap of Mindspace Business stood at ₹0.00.
The latest P/E ratio of Mindspace Business as of 28-Mar-2024 15:30 is 0.00.
The latest P/B ratio of Mindspace Business as of 28-Mar-2024 15:30 is 0.00.
The 52-week high of Mindspace Business is ₹364.3 and the 52-week low is ₹298.1.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Mindspace Business is ₹1,279 ( Cr.) .

About Mindspace Business Parks REIT

Mindspace REIT was settled on November 18, 2019 at Mumbai, Maharashtra, India as a contributory determinate irrevocable trust under the provisions of the Indian Trusts Act, 1882, pursuant to a trust deed dated November 18, 2019. Mindspace REIT was registered with SEBI on December 10, 2019, at Mumbai. Mindspace REIT has been settled by the Sponsors for an initial sum of Rs 10,000.

Business area of the company

The company owns a quality office portfolio located in four key office markets of India. Its portfolio has total leasable area of 29.5 msf and is one of the largest Grade-A office portfolios in India. Its portfolio comprises 23.0 msf of Completed Area, 2.8 msf of Under Construction Area and 3.6 msf of future development area, as of March 31, 2020. Its portfolio has five integrated business parks with superior infrastructure and amenities (such as restaurants, creches and outdoor sports arenas) and five quality independent offices. The company’s portfolio is located in Mumbai Region, Hyderabad, Pune and Chennai, which are amongst the key office markets of India and accounted for approximately 58.0% of total Grade-A net absorption in the top six markets in India, namely, Chennai, Mumbai Region, Pune, Hyderabad, Bengaluru and the National Capital Region during the fiscal year 2020. Its assets provide a community-based ecosystem and they have been developed to meet the evolving standards of tenants and the demands of ‘new age businesses’, which makes them among the preferred options for both multinational and domestic corporations.

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