IPO Plus

NSE · MINDSPACE

Mindspace Business Parks REIT

Promoter stake −1.5pp
₹497.92
₹30,664 Cr market cap
P/E
47.47
EPS
₹8.52
Book value
₹233.08
ROE
3.1%
ROCE
6.86%
Debt / equity
0.61

Revenue & net profit by period

Bars = revenue (₹ Cr) · line = net profit (₹ Cr). Straight from disclosed results.

0823164724703293Mar 25Jun 25Sep 25Dec 25Mar 26Mar 26Jun 26Sep 26
Revenue (₹ Cr) Net profit (₹ Cr)

Latest period: revenue ₹399 Cr with net profit ₹185 Cr — a 46.33% net margin, versus 53.74% the period before.

Shareholding

As of 2026-09-30

65.79%
promoter holding
  • Promoter65.79%
  • Public14.79%
  • FII12.32%
  • DII7.1%

Promoter holding trend

Each disclosed period, oldest to newest

64.45%65.79%Dec 25Sep 26

52-week position

Where the current price sits in its yearly band

₹441₹498₹512

The band spans 1.16× from low to high.

Risk flags

Derived from disclosed data

  • Promoter holding fell 1.5 percentage points to 65.79% in the latest disclosure.

Peer comparison

Construction · ranked #12 of 383 by market cap · medians across 49 industry peers

P/E
47.47vs 36.22 peer med
P/B
1.61vs 1.86 peer med
ROE %
3.1vs 6.08 peer med
Margin %
—vs 17.57 peer med
CompanyMkt capP/EP/BROEMargin
DLF Limited₹1,86,366 Cr40.544.0810.02%71.64%
Lodha Developers Limited₹1,17,841 Cr27.094.7817.2%23.08%
The Phoenix Mills Ltd.₹77,079 Cr58.248.4214.31%28.41%
Prestige Estates Projects Ltd.₹70,166 Cr61.614.215.6%7.35%
Oberoi Realty Limited₹63,230 Cr23.873.2713.78%42.34%
Godrej Properties Ltd.₹54,501 Cr39.872.826.97%21.09%
Knowledge Realty Trust₹49,209 Cr45.861.152.52%21.93%
Embassy Office Parks REIT₹40,674 Cr48.1604.1%19.78%
Rail Vikas Nigam Limited₹40,312 Cr44.864.088.91%4.32%
Bagmane Prime Office REIT₹36,173 Cr41.591.022.74%38.89%
Mindspace Business Parks REIT(this company)₹30,664 Cr27.71.177.11%30.27%

AI analysis

AI-generated · google/gemini-2.5-flash

Mindspace Business Parks REIT is listed with a market capitalization of Rs 30664 Cr. The company reported revenue of Rs 2675.63 Cr and an EPS of 8.52. Its 52-week high was Rs 511.68 and its 52-week low was Rs 409.02. The promoter holding is 67.2852% as of May 31, 2026, with 30.62% of this pledged.

Positives

  • +The Return on Capital Employed (ROCE) is 6.9901%, indicating efficient use of capital.
  • +Promoter holding is substantial at 67.2852% as of May 2026.
  • +Quarterly net profit increased from Rs 180.1 Cr in December 2025 to Rs 198.56 Cr in March 2026.

Negatives

  • −The Return on Equity (ROE) is relatively low at 3.1%.
  • −A significant portion of promoter shares, 30.62%, is pledged as of May 31, 2026.
  • −The debt-to-equity ratio is 0.61.

Financial Performance

The company's revenue for the fiscal year ending March 2026 was Rs 3293.087 Cr, with a net profit of Rs 651.858 Cr. Quarterly revenue for March 2026 was Rs 889.95 Cr, up from Rs 814.12 Cr in December 2025. Net profit also increased from Rs 180.1 Cr in December 2025 to Rs 198.56 Cr in March 2026.

Profitability & Returns

Mindspace Business Parks REIT recorded an EPS of 8.52. The Return on Equity (ROE) stands at 3.1%, while the Return on Capital Employed (ROCE) is 6.9901%. The PE ratio is 47.47, and the book value per share is Rs 233.08.

Balance Sheet

The company has a debt-to-equity ratio of 0.61. The book value per share is Rs 233.08. No further detailed balance sheet figures are available in the provided data.

Ownership & Pledges

Public shareholding is 11.9304%. A significant portion of the promoter holding, 30.62%, is pledged as of May 31, 2026.

Shareholding History

Promoter holding has shown minor changes historically, for instance, it remained 63.2185% from August 2020 to December 2021 before increasing to 67.2852% by May 2026. Promoter pledge percentage was 0% in August 2020, then rose to 49.83% by December 2021, and declined to 30.62% by May 2026. FII holding fluctuated from 18.2353% in August 2020 to 12.8135% in May 2026.

Data as of — price: 2026-11-07 · financials: Sep 26 · shareholding: Sep 26. Figures are restated only when the company files again, so a period shown here is the most recent one on record — not necessarily the current quarter.

How this is produced: every figure above is computed from exchange filings and financial data mirrored by IPO Plus — no figure is generated or estimated. This is a factual summary for information and education only. It is not investment advice, not a recommendation to buy, sell or hold any security, and contains no price targets. Verify against the company's filings and the exchanges before any decision.

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