Mindspace Business Parks REIT (MINDSPACE)
₹341.04
Analyst Rating
based on 14 analysts
86.67%
Buy
6.67%
Hold
6.67%
Sell
Based on 14 analysts offering long term price targets for Mindspace Business Parks REIT. An average target of ₹382.36
Source: S&P Global Market Intelligence
Mindspace Business Parks REIT Share analysis
Source: S&P Global Market Intelligence
Performance
Day's Low
Day's High
₹339.5₹34652 Week's Low
52 Week's High
₹296₹365
| Returns % | |
| 1 Month Return | + 2.83 % |
| 3 Month Return | -0.56 % |
| 1 Year Return | + 13.9 % |
| Market Stats | |
| Previous Close | ₹345.06 |
| Open | ₹346.00 |
| Volume | 80.33K |
| Upper Circuit | - |
| Lower Circuit | - |
| Market Cap | ₹20,462.69Cr |
Key Statistics
| P/E Ratio | 38.81 |
| PEG Ratio | 9.44 |
| Market Cap | ₹20,462.69 Cr |
| P/B Ratio | 1.22 |
| EPS | 0 |
Peer Comparison
Company | Analyst View | Market Cap | 5 Year CAGR | Debt to Asset Ratio | Net Profit | Yearly Revenue |
|---|---|---|---|---|---|---|
 | BUY | ₹20,462.69 Cr | 2.72% | 0.59 | ₹561 Cr | ₹2,458 Cr |
| BUY | ₹12,647.92 Cr | -0.4% | 0.53 | -₹4 Cr | ₹1,780 Cr |
| BUY | ₹22,458.36 Cr | 8.43% | 0.56 | ₹598 Cr | ₹1,916 Cr |
Mutual Fund Holdings
Company Information
The company's top products include office spaces, retail spaces, and hotel spaces. It also offers a range of services such as leasing, property management, and asset management. Mindspace Business Parks REIT is known for its popular brands such as Mindspace, Mindspace Signature, and Mindspace Express.
Share Price: ₹341.04 per share as on 24 Jul, 2024 04:01 PM
Market Capitalisation: ₹20,462.69Cr as of today
Revenue: ₹619.40Cr as on March 2024 (Q1 24)
Net Profit: ₹127.10Cr as on March 2024 (Q1 24)
Listing date: 07 Aug, 2020
Chairperson Name: Deepak Ghaisas
| Organisation | Mindspace Business Parks REIT |
| Headquarters | |
| Industry | Real Estate Investment Trusts |
| E-voting on shares | Click here to vote |
Key events for Mindspace Business Parks REIT
Mindspace Business Parks REIT Reports Strong FY24 Results - 19 Jul, 2024
Mindspace Business Parks REIT experienced a 7% YoY growth in sales and an 82.1% increase in net income in FY24, with its highest ever quarterly leasing of 3.6 million square feet for the year. The company anticipates increased occupancy levels and healthy leasing activity in FY25, with developments expected to generate approximately Rs. 8 billion in rentals over the next three to four years.
Blackstone Sells Entire Stake in Mindspace REIT to ADIA for $235 Million - 28 Jun, 2024
Abu Dhabi Investment Authority (ADIA) has acquired Blackstone's entire 9.2% stake in Mindspace Business Parks REIT for $235 million, marking its debut investment in the domestic REIT space. The Mumbai-based real estate firm K Raheja Corp and Blackstone-backed REIT comprises ten Grade-A office assets totaling 31 million sq ft located across key office markets.
Mindspace Business Parks REIT Raises Funds Through Sustainability-Linked Bonds - 26 Jun, 2024
Mindspace Business Parks REIT has raised Rs 650 crore through the issue of sustainability linked bonds with International Finance Corporation (IFC) to refinance existing loans. The move is expected to help the company reduce its borrowing costs and improve liquidity.
Mindspace REIT Raises Funds via Sustainability-Linked Bond - 25 Jun, 2024
Mindspace Business Parks REIT has raised Rs 650 crore through the issuance of sustainability-linked bonds from International Finance Corporation (IFC). The coupon of the bond is linked to Mindspace's commitment to achieve certain ESG targets towards building a greener eco-system. This marks the first such fundraising by any listed Real Estate Investment Trusts (REITs) in India.
Insights on Mindspace Business Parks REIT
Insights help you understand the recent movement of the company's critical parameters, giving you an overall view of the company.
POSITIVE IMPACTMF Holding Up
Mutual Funds have increased holdings from 0.58% to 0.86% in Mar 2024 quarter
- POSITIVE IMPACT
Best in 3 Years
In the last 3 years, MINDSPACE has outperformed top 5 stocks with highest market-cap in Commercial REITs
- POSITIVE IMPACT
Revenue Rich
Revenue is up for the last 2 quarters, 610.8 Cr → 624.1 Cr (in ₹), with an average increase of 2.1% per quarter
- POSITIVE IMPACT
Price Rise
In the last 7 days, MINDSPACE stock has moved up by 1.4%
- POSITIVE IMPACT
FII Holding Up
Foreign Institutions have increased holdings from 0.00% to 19.24% in Mar 2024 quarter
NO EFFECTAgainst Peers
In the last 1 year, Embassy Office Parks REIT has given 19.6% return, outperforming this stock by 5.7%
- NO EFFECT
Promoter Holding Unchanged
Promoters holdings remained unchanged at 63.48% of holdings in Mar 2024 quarter
NEGATIVE IMPACTProfit Down
Netprofit is down for the last 3 quarters, 141.2 Cr → 118.6 Cr (in ₹), with an average decrease of 8.2% per quarter
- NEGATIVE IMPACT
Retail Holding Down
Retail Investor have decreased holdings from 14.13% to 14.10% in Mar 2024 quarter
Company Financials
| Q'1 24 | Q/Q Change | |
|---|---|---|
Revenue | ₹619.40Cr | ↑1.87% |
Net Income | ₹127.10Cr | ↓13.42% |
Net Profit Margin | 20.52% | ↓15.00% |
| 2024 | Y/Y Change | |
|---|---|---|
Revenue | ₹2,458.90Cr | ↑7.01% |
Net Income | ₹561.20Cr | ↑81.91% |
Net Profit Margin | 22.82% | ↑69.92% |
| 2024 | Y/Y Change | |
|---|---|---|
Total Assets | ₹20,191.10Cr | ↑7.10% |
Total Liabilities | ₹3,564.30Cr | ↑58.53% |
| 2024 | Y/Y Change | |
|---|---|---|
Operating Cash Flow | -₹14.90Cr | ↓25.13% |
Shareholding Pattern
| Investors | Holdings % | FY Quarter | 3M change |
|---|---|---|---|
| Promoter Holdings | 63.48% | 0.00 | |
| Foreign Institutions | 19.24% | 0.00 | |
| Mutual Funds | 0.86% | 0.00 | |
| Retail Investors | 14.1% | 0.00 | |
| Others | 2.32% | 0.00 |
Key Indicators
Mindspace Business Parks REIT Valuation
Mindspace Business Parks REIT in the last 5 years
Lowest (34.95x)
May 31, 2021
Industry (25.34x)
July 23, 2024
Today (38.81x)
July 23, 2024
Highest (68.43x)
March 31, 2023
Technicals Summary
Bearish
Neutral
Bullish
Mindspace Business Parks REIT is currently in a Bullish trading position according to technical analysis indicators.
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Mindspace Business Parks REIT (MINDSPACE) share price today is ₹341.04
Mindspace Business Parks REIT is listed on NSE
Mindspace Business Parks REIT is listed on BSE
- Today’s highest price of Mindspace Business Parks REIT is ₹346.
- Today’s lowest price of Mindspace Business Parks REIT is ₹339.5.
PE Ratio of Mindspace Business Parks REIT is 38.81
PE ratio = Mindspace Business Parks REIT Market price per share / Mindspace Business Parks REIT Earnings per share
Today’s traded volume of Mindspace Business Parks REIT(MINDSPACE) is 80.33K.
Today’s market capitalisation of Mindspace Business Parks REIT(MINDSPACE) is ₹20462.69Cr.
| Mindspace Business Parks REIT(MINDSPACE | Price |
|---|---|
52 Week High | ₹365 |
52 Week Low | ₹296 |
Mindspace Business Parks REIT(MINDSPACE) share price is ₹341.04. It is down -6.56% from its 52 Week High price of ₹365
Mindspace Business Parks REIT(MINDSPACE) share price is ₹341.04. It is up 15.22% from its 52 Week Low price of ₹296
| Mindspace Business Parks REIT(MINDSPACE | Returns |
|---|---|
1 Day Returns | -4.02% |
1 Month Returns | 2.83% |
3 Month Returns | -0.56% |
1 Year Returns | 13.9% |