ScoreWhy is Mindspace Business Parks REIT ?
1
Low ability to service debt as the company has a high Debt to EBITDA ratio of 3.69 times
- Poor long term growth as Net Sales has grown by an annual rate of 13.59% and Operating profit at 13.59% over the last 5 years
- Low ability to service debt as the company has a high Debt to EBITDA ratio of 3.69 times
- The company has been able to generate a Return on Equity (avg) of 3.43% signifying low profitability per unit of shareholders funds
2
Poor long term growth as Net Sales has grown by an annual rate of 13.59% and Operating profit at 13.59% over the last 5 years
3
Flat results in Sep 25
- INTEREST(Latest six months) At Rs 406.48 cr has Grown at 35.28%
- ROCE(HY) Lowest at 3.31%
- DEBT-EQUITY RATIO(HY) Highest at 2.87 times
4
With ROCE of 6.9, it has a Very Expensive valuation with a 1.7 Enterprise value to Capital Employed
- The stock is trading at a discount compared to its peers' average historical valuations
- Over the past year, while the stock has generated a return of 31.05%, its profits have fallen by -2.3%
- At the current price, the company has a high dividend yield of 5.3
Real-Time Research ReportHow much should you hold?
- Overall Portfolio exposure to Mindspace Busine should be less than 10%
- Overall Portfolio exposure to Realty should be less than 30%
(If sector exposure > 30%, please use optimiser tool to see which are the best stocks to hold in Realty)
When to exit? - We will constantly monitor the company and suggest at the appropriate time to exit from the stock
Is Mindspace Busine for you?
Low Risk, High Return
Absolute
Risk Adjusted
Volatility
Mindspace Busine
30.21%
1.91
16.26%
Sensex
8.49%
0.44
11.83%
Quality
Management Risk
Growth
Capital StructureQuality key factors
Factor
Value
Sales Growth (5y)
33.56%
EBIT Growth (5y)
34.60%
EBIT to Interest (avg)
3.18
Debt to EBITDA (avg)
4.25
Net Debt to Equity (avg)
0.77
Sales to Capital Employed (avg)
0.11
Tax Ratio
44.99%
Dividend Payout Ratio
53.80%
Pledged Shares
47.58%
Institutional Holding
23.54%
ROCE (avg)
6.61%
ROE (avg)
3.43%
ValuationValuation Key Factors 
Factor
Value
P/E Ratio
56
Industry P/E
34
Price to Book Value
2.33
EV to EBIT
23.69
EV to EBITDA
18.83
EV to Capital Employed
1.75
EV to Sales
14.01
PEG Ratio
NA
Dividend Yield
6.28%
ROCE (Latest)
6.84%
ROE (Latest)
3.84%
Loading Valuation Snapshot...
TechnicalsTechnical key factors
Indicator
Weekly
Monthly
MACD
Mildly Bearish
Bullish
RSI
No Signal
No Signal
Bollinger Bands
Mildly Bullish
Mildly Bullish
Moving Averages
Bullish (Daily)
KST
Mildly Bearish
Bullish
Dow Theory
No Trend
Bullish
OBV
No Trend
No Trend
Technical Indicator Scale: Bearish, Mildly Bearish, Sideways, Mildly Bullish, Bullish Turned 
Financial Trend22What is working for the Company
ROCE(HY)
Highest at 7.00%
NET SALES(Q)
Highest at Rs 814.12 cr
PBDIT(Q)
Highest at Rs 626.16 cr.
PBT LESS OI(Q)
Highest at Rs 297.19 cr.
DEBTORS TURNOVER RATIO(HY)
Highest at 53.30 times
OPERATING PROFIT TO NET SALES(Q)
Highest at 76.91%
PAT(Q)
Highest at Rs 180.10 cr.
EPS(Q)
Highest at Rs 2.78
-5What is not working for the Company
INTEREST(9M)
At Rs 615.41 cr has Grown at 42.79%
DEBT-EQUITY RATIO(HY)
Highest at 0.83 times
Loading Valuation Snapshot...
Here's what is working for Mindspace Busine
Net Sales - Quarterly
Highest at Rs 814.12 cr and Grown
each quarter in the last five quartersMOJO Watch
Near term sales trend is very positive
Net Sales (Rs Cr)
Operating Profit (PBDIT) - Quarterly
Highest at Rs 626.16 cr. and Grown
each quarter in the last five quartersMOJO Watch
Near term Operating Profit trend is quite positive
Operating Profit (Rs Cr)
Profit Before Tax less Other Income (PBT) - Quarterly
Highest at Rs 297.19 cr. and Grown
each quarter in the last five quartersMOJO Watch
Near term PBT trend is very positive
PBT less Other Income (Rs Cr)
Operating Profit Margin - Quarterly
Highest at 76.91%
in the last five quartersMOJO Watch
Company's efficiency has improved
Operating Profit to Sales
Profit Before Tax less Other Income (PBT) - Quarterly
At Rs 297.19 cr has Grown at 25.6% (vs previous 4Q average)
over average PBT of the previous four quarters of Rs 236.69 CrMOJO Watch
Near term PBT trend is positive
PBT less Other Income (Rs Cr)
Profit After Tax (PAT) - Quarterly
Highest at Rs 180.10 cr.
in the last five quartersMOJO Watch
Near term PAT trend is positive
PAT (Rs Cr)
Profit After Tax (PAT) - Quarterly
At Rs 180.10 cr has Grown at 38.1% (vs previous 4Q average)
over average PAT of the previous four quarters of Rs 130.43 CrMOJO Watch
Near term PAT trend is positive
PAT (Rs Cr)
Earnings per Share (EPS) - Quarterly
Highest at Rs 2.78
in the last five quartersMOJO Watch
Increasing profitability; company has created higher earnings for shareholders
EPS (Rs)
Debtors Turnover Ratio- Half Yearly
Highest at 53.30 times
in the last five half yearly periodsMOJO Watch
Company has been able to settle its Debtors faster
Debtors Turnover Ratio
Here's what is not working for Mindspace Busine
Interest - Nine Monthly
At Rs 615.41 cr has Grown at 42.79%
over preceding nine months periodMOJO Watch
Rising interest cost signifies increased borrowings
Interest Paid (Rs cr)
Debt-Equity Ratio - Half Yearly
Highest at 0.83 times and Grown
each half year in the last five half yearly periodsMOJO Watch
The company is borrowing more to fund its operations; it's liquidity situation may be stressed
Debt-Equity Ratio
