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Mindspace Business Parks REIT (MINDSPACE)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 543217 NSE: MINDSPACE Finance - Investment | Small Cap | Mindspace Business Share Price

₹459.69 -1.78 (-0.39%)

As on 05-Jun'26 16:59

Mindspace Business Parks REIT (MINDSPACE)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 543217 NSE: MINDSPACE Finance - Investment | Small Cap | Mindspace Business Share Price

₹459.69 -1.78 (-0.39%)

As on 05-Jun'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹0 Cr.
Current Price
₹459.7
52-Week Low / High
₹394 / 512
TTM EPS
₹0
Book Value per Share
-
P/E Ratio
0.00
Industry PE
52.9
Price to Book (P/B)
0.00
EV/EBITDA
6.86
Higher than its 5-year historical median
Dividend Yield
0.00%
Profitability Efficiency
Return on Equity (ROE)
3.56%
Return on Capital Employed (ROCE)
4.57%
Return on Assets (ROA)
2.85%
Growth Momentum
1-yr vs 3-yr growth
Net Interest Income Growth (1 Year)
Slowing versus 3-year growth rate
-47.48%
Book Value Growth (1 Year)
Slowing versus 3-year growth rate
-2.64%
Asset Quality
Gross NPA(%)
0.00%
Net NPA(%)
0.00%
TTM Sales
₹0 Cr.
Reserves
₹388 Cr.
Equity
₹0 Cr.
Face Value
₹275
All Time Low / High
₹275.16 / 511.57

Mindspace Business Parks REIT stock performance

Key Ratios
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M-Cap below 100cr DeciZen not available

Q.1 Is Mindspace Business Parks REIT a good quality company?
Mindspace Business Parks REIT is a quality company, based on a multi-year financial track record.

This assessment is based on the bank’s performance on Total Income growth, Pre-Provision Operating Profit, RoA, RoE, CAR, and Asset Quality, along with how these metrics compare with its long-term averages.

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We have analysed the performance of the company on the following:

  • How has it performed on generating Profits?

    By checking its Total Income growth, NPM, PPOP, RoA and RoE compared to its last 5-year median.

  • How efficiently has it grown and managed operations?

    By checking its Total Asset growth.

  • How strong is its Capital position and Asset Quality?

    By checking its Capital Adequacy Ratio (CAR), GNPA and NNPA.

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How does Mindspace Business Parks REIT performance compare with that of its Peers?
Q.1 AUM Growth of Mindspace Business Parks REIT vs Industry Peers?
Mindspace Business Parks REIT AUM CAGR is 3.69%, compared to the 5-year industry median CAGR of 9.27%, indicating slower growth and losing its market share.
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Q.1 Promoter shareholding and pledge status of Mindspace Business Parks REIT?
Promoters hold 59.40% of the Mindspace Business Parks REIT, with 0.00% of their stake pledged, indicating no pledge risk.
Q.1 Stock return of Mindspace Business Parks REIT over the last decade?
Over the last 5 years, the stock has delivered a CAGR of 9.74% based on the current price.
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10 Year X-Ray :

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'12Mar'13Mar'14Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Operating Income (₹ Cr.)011.212006131,2011,2791,4019670
YoY Gr. Rt. %-NA7.1%-100%NANA95.9%6.4%9.6%-31%-
Adj EPS (₹ ) -4,092.9-136.2639.4009.818.619.419.69.70
YoY Gr. Rt. %-NANA-100%NANA89%4.2%1%-50.4%-
BVPS (₹ )8,132.57,996.38,635.700279.6279.5280280.42730
YoY Gr. Rt. %--1.7%8%-100%NANA-0%0.2%0.1%-2.6%-
To view Net Profit/Total Funds (%) Colour Rating Guide click here ⓘ
Net Profit/Total Funds (%)-2.3-0.10.3003.36.16.262.90

CAGR ⓘ

9 Years 5 Years 3 Years 1 Years
Net Interest IncomeNANA-7%-31%
Adj EPSNANA-19.5%-50.4%
BVPS-31.4%NA-0.8%-2.6%
Share Price - 10.6% 14.8% 14%

Key Financial Ratios

RATIOS \ YEARSMar'12Mar'13Mar'14Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Margins
Net Profit Margin (%)0-6.829.80095.191.889.982.961.2NAN
Performance Ratios To view Performance Ratios Colour Rating Guide click here ⓘ
Return on Equity (%)-28.3-1.15.1003.56.76.973.60

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'21Mar'22Mar'23Mar'24Mar'25
Income + 614.501,202.501,282.201,401.76967.70
Interest Income613.301,201.401,278.501,401.07967.24
Other Income ⓘ 0.100.200.700.560.53
Exceptional Items ⓘ 1.201.103.700.690.46
Expenditure ⓘ + 30.6098.90131.30239.72370.86
Interest Expense ⓘ 23.1086.70113.90222.16348.04
Operating Expenses ⓘ 7.401216.701722.29
Provisions 0.100.200.700.560.53
Exceptional Items ⓘ 00000
Profit Before Tax ⓘ 583.901,103.601,150.901,162.04596.85
Taxes ⓘ 0.500.601.800.845.26
Profit After Tax 583.401,1031,149.101,161.20591.59
Adjusted EPS (₹)9.818.619.419.69.7
Dividend Payout Ratio (%)0%0%0%0%0%

Valuation of Mindspace Business - Standalone

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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Analyst's Notes

data not found
No data found!

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'21Mar'22Mar'23Mar'24Mar'25

Equity and Liabilities

Equity Capital +16,578.9016,575.8016,604.1016,626.7516,628.22
Share Capital ⓘ 16,283.9016,283.9016,283.9016,283.8816,582.11
Reserves ⓘ 295291.90320.20342.8746.12
Short term borrowings00000
Long Term Borrowings1,161.801,169.302,043.202,3834,036
Current Liabilities 4.10556.90205.101,183.47606.96
Trade Payables1.3011.701.461.81
Other Liabilities-1.30-1-1.70-1.46-1.81
Total Liabilities ⓘ 17,744.8018,30218,852.4020,193.2221,271.18

Assets

Non Current Asset +17,449.9017,463.8018,354.8018,705.1820,582.78
Loan Asset 00000
Other Non Current Asset ⓘ 17,449.9017,463.8018,354.8018,705.1820,582.78
Current Asset +294.90838.20497.601,488.04688.40
Current Investment00000
Other Current Asset294.90838.20497.601,488.04688.40
Total Assets ⓘ 17,744.8018,30218,852.4020,193.2221,271.18

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'21Mar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity ⓘ -10.60-12.50-19.90-14.93-29.16
Cash Flow From Investing Activity ⓘ -1,524.70633748.7065.65235.16
Cash Flow From Financing Activity ⓘ 1,829.10-632.90-711.80-45.37-481.61
Net Cash Flow ⓘ 293.80-12.40175.35-275.61

Financial Ratio

PARTICULARSMar'21Mar'22Mar'23Mar'24Mar'25

Operational & Financial Ratios
EPS (₹)9.8018.6019.4019.609.70
DPS (₹)00000
BVPS (₹)279.6279.5280280.4273

Performance Ratios

ROA (%)3.36.16.26.02.9
ROE (%)3.56.76.97.03.6
ROCE (%)3.46.66.87.14.6

Valuation Parameters

Price/Book(x)1.11.21.21.21.4

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

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

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Mindspace Business Parks REIT FAQs

The current trading price of Mindspace Business on 05-Jun-2026 16:59 is ₹459.7.

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 04-Jun-2026 the market cap of Mindspace Business stood at ₹0.00 Cr

The latest P/E ratio of Mindspace Business as of 04-Jun-2026 is 0.00.

The latest P/B ratio of Mindspace Business as of 04-Jun-2026 is 0.00.

The 52-week high of Mindspace Business is ₹511.6 and the 52-week low is ₹394.0.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Mindspace Business is ₹0.00 ( Cr.) .

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

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.

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.

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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