profit from every ₹100 of sales.
₹0₹100
Mindspace Business Parks REIT
₹498.68-0.24% today
+5.3% in 1 year
1-year low ₹447.621-year high ₹508.90
Trading in the middle of its range for the past year.
The essentials
Four questions every investor asks, answered in one line each.
more sales each year, on average, 2023 to 2026.
0%20% a year
You pay ₹50.64 for every ₹1 of profit it makes in a year.
CheapExpensive
of earnings would pay off all its debt.
No debt5 years
Money in, money out
What Mindspace Business Parks REIT sold, what it kept, and what it did with the cash.
Sales went from ₹22.4 billion in 2023 to ₹32.2 billion in 2026, with ₹6.52 billion of profit last year.
SalesProfit
Mindspace Business Parks REIT vs. similar companies
Mindspace Business Parks REIT grows the fastest of these 5 and is the most expensive for its profits.
| Company | Profit from ₹100 of sales | Sales growth a year | Price per ₹1 of profit |
|---|---|---|---|
| Mindspace Business Parks REIT | 50.6× · Expensive | ||
 BXP | 41.4× · Expensive | ||
 MERLIN Properties SOCIMI | 9.4× · Cheap | ||
 Alexandria Real Estate Equities | No profit yet | ||
 Vornado Realty | 7.9× · Cheap |
AI analysis
An AI analyst reads Mindspace Business Parks REIT's last five years, its segments, earnings, insiders and peers, and writes the bull case, the bear case and what the price expects.
Run the AI analysisFull statementsIncome, balance sheet and cash flow, year by year
Income statement
| In millions of INR | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|
| 22,392 | 23,861 | 25,961 | 32,163 | |
| 18,239 | 19,597 | 23,672 | 29,533 | |
| 11,857 | 13,373 | 15,078 | 19,702 | |
| 14,365 | 17,499 | 19,314 | 24,877 | |
| 2,836 | 5,250 | 4,763 | 6,519 | |
| 4.78 | 8.85 | 8.02 | – | |
| 81.5% | 82.1% | 91.2% | 91.8% | |
| 53.0% | 56.0% | 58.1% | 61.3% | |
| 12.7% | 22.0% | 18.3% | 20.3% |
Balance sheet
| In millions of INR | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|
| Total assets | 227,231 | 238,446 | 271,603 | 316,325 |
| Cash | 4,059 | 3,198 | 6,173 | 12,176 |
| Total debt | 54,662 | 69,856 | 101,253 | 129,911 |
| Total liabilities | 71,449 | 89,161 | 123,498 | 158,357 |
| 147,827 | 141,689 | 140,544 | 150,468 | |
| 593 | 593 | 594 | – | |
| 4.2% | 5.1% | 5.0% | 5.7% | |
| 1.9% | 3.7% | 3.4% | 4.3% |
Cash flow
| In millions of INR | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|
| 13,930 | 15,265 | 20,173 | 24,139 | |
| 7,660 | 10,832 | 14,888 | 12,742 | |
| 6,270 | 4,434 | 5,286 | 11,397 | |
| Dividends paid | 12,009 | 12,107 | – | – |
| – | – | – | – | |
| – | – | – | – |
Valuation
- 50.6×
- –
- –
- 2.0×
- 10.3×
- 29.0×
- 18.0×
- 3.5%
- 2.0%
- –
Profitability
- 91.8%
- 61.3%
- 20.3%
- –
- 5.4%
- 4.7%
- –
- –
- –
- –
Growth
- +12.8%
- –
- –
- –
- +0.1%
Financial health
- 4.7×
- 0.86
- –
- 2.4×
- 0.39
- –
- –
How it ranks in Real Estate
Each dot is where the company stands among every company over $300M in the sector. Further right is better.
Top 37%of 746
Top 23%of 752
Bottom 12%of 666
Top 29%of 762
Bottom 34%of 763
News
No recent news on file.
Insider trades
Our insider feed has not updated since May 26, 2026. Trades filed after that are not listed yet.
No insider trades on file.
Not enough data
Questions about Mindspace Business Parks REIT
Is Mindspace Business Parks REIT a good stock to buy?
A business with weak numbers, but the price is high. Whether it suits you depends on your goals and the price you pay; invest-like never tells anyone to buy or sell. The AI analysis lays out the case for and against. Read the Mindspace Business Parks REIT AI analysis
What does Mindspace Business Parks REIT do?
Mindspace Business Parks REIT, sponsored by K Raheja Corp group, was listed on the Indian bourses in August 2020. It is in REIT - Office, based in Mumbai, India.
Is Mindspace Business Parks REIT stock halal?
No. Mindspace Business Parks REIT does not pass our halal screen: its debt is 39% of its market value, at or above the 33% limit. How we check
How has Mindspace Business Parks REIT stock done over the past year?
Up 5.3% over the past twelve months, to ₹498.68. It traded between ₹447.62 and ₹508.90 and is 2.0% below its high.
Who are Mindspace Business Parks REIT's competitors?
The largest listed companies in the same industry are BXP, MERLIN Properties SOCIMI, Alexandria Real Estate Equities and Vornado Realty. The peers table on this page compares their profit, growth and price with Mindspace Business Parks REIT's.
Prices: daily closes to Nov 11, 2026. Fundamentals: company reports via invest-like data.