Mindspace Busine

MINDSPACE08 May 2024

Real Estate Investment Trusts

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+0.89 (+0.25%)

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Mindspace Busine

Real Estate Investment Trusts

MINDSPACE08 May 2024

₹

+0.89 (+0.25%)

OverviewFundamentals

Corporate action

Peer comparison

Income Sheet

Balance sheet

Cash flow

Share holding

About Us

Corporate Action

These are actions taken by a company that impact the shareholders value directly. It is an event that brings material changes to a company and affects its stakeholders.

All

Dividends

Bonus

Splits

Others

Ex-Date	Type	Description	Record Date
30-Apr-2024	D	Declared distribution of Rs. 4.77 per unit aggregating to Rs. 2829 million, which comprises dividend of Rs. 4.31 per unit aggregating to Rs. 2556 million and interest of Rs. 0.46 per unit aggregating to Rs. 273 million.	09-May-2024
29-Jan-2024	D	Approval of Financial Results for the quarter and nine months ended December 31, 2024 and declaration of distribution of dividend for the quarter ended December 31, 2023.	06-Feb-2024
30-Oct-2023	D	Outcome of Board Meeting for approval of financial statements and declaration of Dividend As Per NSE Corporate Action Face Value: 275	06-Nov-2023
25-Jul-2023	D	approved distribution of 4.80/- per unit aggregating to Rs. 2846 million, which comprises dividend of Rs. 4.33/- per unit aggregating to Rs. 2568 million, interest of Rs. 0.46/- unit aggregating to Rs. 272 million and other income of Rs. 0.01/- per unit aggregating to Rs. 6 million. AS Per NSE Corprate Action FV 275	31-Jul-2023
04-May-2023	D	Mindspace Business Parks REIT has informed the Exchange regarding Outcome of Board Meeting held on May 04, 2023. Distribution is Rs. 4.81/- per unit aggregating to Rs. 2852 million, which comprises dividend of Rs. 4.37/- per unit aggregating to Rs. 2591 million, interest of Rs. 0.43 per unit aggregating to Rs. 255 million and other income of Rs.0.01/- per unit aggregating to Rs. 6 million. (As Per NSE Announcement PDF Dated on 04/05/2023) AS Per NSE Corprate Action FV 275	10-May-2023
30-Jan-2023	D	Mindspace Business Parks REIT has informed the Exchange regarding Outcome of Board Meeting held on January 30, 2023. AS Per NSE Corprate Action FV 275	06-Feb-2023
14-Nov-2022	D	Mindspace Business Parks REIT has informed the Exchange about Board Meeting held on 14-Nov-2022 to consider financial statements for the period ended September 2022 AS Per NSE Corprate Action FV 275	18-Nov-2022
10-Aug-2022	D	Mindspace Business Parks REIT has informed the Exchange about Board Meeting held on 10-Aug-2022 to consider financial statements for the period ended June 2022 and Dividend AS Per NSE Corprate Action FV 275	11-Aug-2022
12-May-2022	D	Outcome of the Meeting of the Governing Board of K Raheja Corp Investment Managers LLP ('Manager'), manager to Mindspace Business Parks REIT held on Thursday, May 12, 2022	17-May-2022
10-Feb-2022	D	Please find attached herewith outcome of the Meeting of the Governing Board of K Raheja Corp Investment Managers LLP, manager to Mindspace Business Parks REIT held on Thursday, February 10, 2022.	15-Feb-2022
12-Nov-2021	D	Dear Sir/Madam,Please find enclosed herewith the outcome of the Meeting of the Governing Board (Board) of K Raheja Corp Investment Managers LLP (Manager), manager to Mindspace Business Parks REIT (Mindspace REIT) held on November, 12 2021	17-Nov-2021
13-Aug-2021	D	Dear Sir/Madam,We wish to inform you that the Governing Board of the Manager of Mindspace REIT, at its meeting held on Friday, August 13, 2021, has, inter-alia:i. approved the Unaudited Condensed Standalone Interim Financial Statements and UnauditedCondensed Consolidated Interim Financial Statements of Mindspace REIT for the quarter ended June 30, 2021,ii. declared distribution of Rs. 2,728 million / Rs. 4.60 per Unit for the quarter ended June 30, 2021. The distribution comprises Rs. 2,509 million / Rs. 4.23 per Unit in form of dividend and Rs. 219 million / Rs. 0.37 per Unit in form of interest.iii. approved extension of Memorandum of Understanding dated December 16, 2019 entered byMindspace Business Parks Private Limited, one of the special purpose vehicle of Mindspace REIT inrelation to proposed transfer of land parcel admeasuring 40.0 acres at Mindspace Pocharam,Hyderabad to K Raheja Corp Private Limited, KRC group entity until March 31, 2022.	17-Aug-2021
14-May-2021	D	Dear Sir/Madam,We wish to inform you that the Governing Board of the Manager of Mindspace REIT, at its meeting held on Friday, May 14, 2021, through audio-visual electronic communication has, inter-alia: i. approved the Audited Condensed Standalone Financial Statements and Audited Condensed Consolidated Financial Statements of Mindspace REIT for the quarter, half year and financial year ended March 31, 2021;ii. adopted the Audited Standalone Financial Statements and Audited Consolidated Financial Statements of Mindspace REIT (which shall form part of the annual report) and report on performance of Mindspace REIT for the financial year ended March 31, 2021, subject to approval by the unitholders;iii. declared distribution of Rs. 2852 million / Rs. 4.81 per Unit for the quarter ended March 31, 2021. The distribution comprises Rs. 2633 million / Rs. 4.44 per Unit in form of dividend and Rs. 219 million / Rs. 0.37 per Unit in form of interest. Together with the distribution made in the previous quarter, the distributions for the full year ended March 31, 2021, aggregating to Rs. 5687 million / Rs. 9.59 per Unit;iv. adopted valuation report for financial year ended March 31, 2021, issued by Mr. Shubhendu Saha, valuer of Mindspace REIT, subject to approval by the unitholders; andv. declared Net Asset Value of Rs. 345.19 per Unit for Mindspace REIT as on March 31, 2021, as per Regulation 10(22) of the Securities and Exchange Board of India (Real Estate Investment Trusts) Regulations, 2014, based on the valuation report dated May 8, 2021, issued by Mr. Shubhendu Saha, valuer of Mindspace REIT;	20-May-2021
10-Feb-2021	D	The Governing Board of the Manager of Mindspace Business Parks REIT, at its meeting held on Wednesday, February 10, 2021, has, inter-alia: i. approved the Unaudited Condensed Standalone Interim Financial Statements and Unaudited Condensed Consolidated Interim Financials Statements of Mindspace REIT for the quarter and nine months ended December 31, 2020, ii. declared distribution of Rs. 2835 million / Rs. 4.78 per Unit for the quarter ended December 31,2020. Please refer the attached outcome of the aforesaid meeting for more details on the same.	17-Feb-2021
28-Mar-2024	BC	Non Conv Deb Payment of Interest	15-Jun-2024
28-Mar-2024	BC	Non Conv Deb Payment of Interest	15-Jun-2024
28-Mar-2024	BC	Non Conv Deb Payment of Interest	15-Jun-2024
28-Mar-2024	BC	Non Conv Deb Payment of Interest	15-Jun-2024
28-Mar-2024	BC	Non Conv Deb Payment of Interest	15-Jun-2024

Announcement Date30-Apr-2024

Ex Dividend Date09-May-2024

Dividend(%)2

Announcement Date29-Jan-2024

Ex Dividend Date06-Feb-2024

Dividend(%)2

Announcement Date30-Oct-2023

Ex Dividend Date06-Nov-2023

Dividend(%)2

Announcement Date25-Jul-2023

Ex Dividend Date31-Jul-2023

Dividend(%)2

Announcement Date04-May-2023

Ex Dividend Date10-May-2023

Dividend(%)2

Announcement Date30-Jan-2023

Ex Dividend Date06-Feb-2023

Dividend(%)2

Announcement Date14-Nov-2022

Ex Dividend Date18-Nov-2022

Dividend(%)2

Announcement Date10-Aug-2022

Ex Dividend Date11-Aug-2022

Dividend(%)2

Announcement Date12-May-2022

Ex Dividend Date17-May-2022

Dividend(%)2

Announcement Date10-Feb-2022

Ex Dividend Date15-Feb-2022

Dividend(%)2

Announcement Date12-Nov-2021

Ex Dividend Date17-Nov-2021

Dividend(%)2

Announcement Date13-Aug-2021

Ex Dividend Date17-Aug-2021

Dividend(%)2

Announcement Date14-May-2021

Ex Dividend Date20-May-2021

Dividend(%)2

Announcement Date10-Feb-2021

Ex Dividend Date17-Feb-2021

Dividend(%)2

No Rights has been declared by MINDSPACE

Book Closure

Record Date	Split Date	Purpose
15-Jun-2024	-	Non Conv Deb Payment of Interest
15-Jun-2024	-	Non Conv Deb Payment of Interest
15-Jun-2024	-	Non Conv Deb Payment of Interest
15-Jun-2024	-	Non Conv Deb Payment of Interest
15-Jun-2024	-	Non Conv Deb Payment of Interest

Peer Comparison

These are actions taken by a company that impact the shareholders value directly. It is an event that brings material changes to a company and affects its stakeholders.

Scrip Name	Price	Daily Change	M.Cap (Cr)	1 Year Returns %	P/E (TTM)	PB Ratio
Mindspace Business Parks REIT ₹354.32(+0.89/0.25%)	354.32	+0.89	21,011.82	9.06	18.12	1.26
Nexus Select Trust ₹132.48(-0.03/-0.02%)	132.48	-0.03	20,070.72	27.07	0.00	1.33
Embassy Office Parks REIT ₹348.93(+3.95/1.14%)	348.93	+3.95	33,074.86	11.77	27.50	-9.00
Brookfield India Real Estate Trust ₹252.27(-1.12/-0.44%)	252.27	-1.12	11,076.80	-8.10	35.99	0.85

Income Sheet

These are actions taken by a company that impact the shareholders value directly. It is an event that brings material changes to a company and affects its stakeholders.

Standalone

Consolidated

Column	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22
Gross Sales	356.00	357.50	346.30	339.80	331.60	325.60
Excise Duty	0.00	0.00	0.00	0.00	0.00	0.00
Net Sales	356.00	357.50	346.30	339.80	331.60	325.60
Other Operating Income	0.00	0.00	0.00	0.00	0.00	0.00
Other Income	0.70	0.40	0.30	0.90	0.90	1.00
Total Income	356.70	357.90	346.60	340.70	332.50	326.60
Total Expenditure	5.80	3.60	4.70	3.40	3.90	4.20
PBIDT	350.90	354.30	341.90	337.30	328.60	322.40
Interest	61.80	61.70	53.80	44.90	33.50	30.60
PBDT	289.10	292.60	288.10	292.40	295.10	291.80
Depreciation	0.00	0.00	0.00	0.00	0.00	0.00
Tax	0.20	0.20	0.10	0.30	0.40	0.40
Deferred Tax	0.00	0.00	0.00	0.00	0.00	0.00
Reported Profit After Tax	288.90	292.40	288.00	292.10	294.70	291.40
Extra-ordinary Items	0.00	0.00	0.00	0.00	0.00	0.00
Adjusted Profit After Extra-ordinary item	288.90	292.40	288.00	292.10	294.70	291.40

EPS (Unit Curr.)	4.87	4.90	4.86	4.92	4.97	4.91
EPS (Adj) (Unit Curr.)	4.87	4.90	4.86	4.92	4.97	4.91
Calculated EPS (Unit Curr.)	4.88	4.94	4.86	4.93	4.98	4.92
Calculated EPS (Adj) (Unit Curr.)	4.88	4.94	4.86	4.93	4.98	4.92
Calculated EPS (Ann.) (Unit Curr.)	19.52	19.75	19.45	19.73	19.91	19.68
Calculated EPS (Adj) (Ann.) (Unit Curr.)	19.52	19.75	19.45	19.73	19.91	19.68
Book Value (Unit Curr.)	0.00	0.00	0.00	0.00	0.00	0.00
Dividend (%)	0.00	1.75	1.74	1.75	0.00	1.75
Equity	16283.90	16283.90	16283.90	16283.90	16283.90	16283.90
Reserve & Surplus	0.00	0.00	0.00	0.00	0.00	0.00
Face Value	275.00	275.00	275.00	275.00	275.00	275.00

Public Shareholding (No. Of Shares)	0.00	0.00	0.00	0.00	0.00	0.00
Public Shareholding (% in Equity)	0.00	0.00	0.00	0.00	0.00	0.00

Pledged/Encumbered - No. of Shares	0.00	0.00	0.00	0.00	0.00	0.00
Pledged/Encumbered - % in Total Promoters Holding	0.00	0.00	0.00	0.00	0.00	0.00
Pledged/Encumbered - % in Total Equity	0.00	0.00	0.00	0.00	0.00	0.00

Non Encumbered - No. of Shares	0.00	0.00	0.00	0.00	0.00	0.00
Non Encumbered - % in Total Promoters Holding	0.00	0.00	0.00	0.00	0.00	0.00
Non Encumbered - % in Total Equity	0.00	0.00	0.00	0.00	0.00	0.00

PBIDTM(%)	98.57	99.10	98.73	99.26	99.10	99.02
PBDTM(%)	81.21	81.85	83.19	86.05	88.99	89.62
PATM(%)	81.15	81.79	83.16	85.96	88.87	89.50

Column	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22
Gross Sales	619.40	608.00	638.10	593.40	569.70	558.90
Excise Duty	0.00	0.00	0.00	0.00	0.00	0.00
Net Sales	619.40	608.00	638.10	593.40	569.70	558.90
Other Operating Income	0.00	0.00	0.00	0.00	0.00	0.00
Other Income	4.70	2.80	2.20	8.30	2.60	6.00
Total Income	624.10	610.80	640.30	601.70	572.30	564.90
Total Expenditure	214.80	161.60	182.70	167.50	301.60	152.70
PBIDT	409.30	449.20	457.60	434.20	270.70	412.20
Interest	119.10	116.10	115.00	106.60	97.70	90.50
PBDT	290.20	333.10	342.60	327.60	173.00	321.70
Depreciation	94.00	97.90	97.50	93.30	92.00	92.50
Minority Interest Before NP	0.00	0.00	0.00	0.00	0.00	0.00
Tax	57.70	49.20	51.40	50.10	48.10	49.80
Deferred Tax	11.40	39.20	43.20	47.30	66.80	52.90
Reported Profit After Tax	127.10	146.80	150.50	136.90	-33.90	126.50
Minority Interest After NP	8.50	9.00	9.30	9.40	-4.70	10.60
Net Profit after Minority Interest	118.60	137.80	141.20	127.50	-29.20	115.90

Extra-ordinary Items	-23.58	0.00	0.00	0.00	-21.90	0.00
Adjusted Profit After Extra-ordinary item	142.18	137.80	141.20	127.50	-7.30	115.90

EPS (Unit Curr.)	2.04	2.32	2.38	2.15	-0.49	1.95
Book Value (Unit Curr.)	0.00	0.00	0.00	0.00	0.00	0.00
Dividend (%)	0.00	1.75	1.74	1.75	0.00	1.75
Equity	16283.90	16283.90	16283.90	16283.90	16283.90	16283.90

Public Shareholding (Number)	0.00	0.00	0.00	0.00	0.00	0.00
Public Shareholding (%)	0.00	0.00	0.00	0.00	0.00	0.00

Pledged/Encumbered - No. of Shares	0.00	0.00	0.00	0.00	0.00	0.00
Pledged/Encumbered - % in Total Promoters Holding	0.00	0.00	0.00	0.00	0.00	0.00
Pledged/Encumbered - % in Total Equity	0.00	0.00	0.00	0.00	0.00	0.00

Non Encumbered - No. of Shares	0.00	0.00	0.00	0.00	0.00	0.00
Non Encumbered - % in Total Promoters Holding	0.00	0.00	0.00	0.00	0.00	0.00
Non Encumbered - % in Total Equity	0.00	0.00	0.00	0.00	0.00	0.00

PBIDTM(%)	66.08	73.88	71.71	73.17	47.52	73.75
PBDTM(%)	46.85	54.79	53.69	55.21	30.37	57.56
PATM(%)	20.52	24.14	23.59	23.07	-5.95	22.63

Balance Sheet

These are actions taken by a company that impact the shareholders value directly. It is an event that brings material changes to a company and affects its stakeholders.

Standalone

Consolidated

Column	Mar 24	Mar 23	Mar 22	Mar 21	Mar 20	Mar 19
SOURCES OF FUNDS :
Share Capital	16283.90	16283.90	16283.90	16283.90	0.00	20.41
Reserves Total	342.90	320.20	291.90	295.00	-4.90	200.18
Equity Share Warrants	0.00	0.00	0.00	0.00	0.00	0.00
Equity Application Money	0.00	0.00	0.00	0.00	0.00	0.00
Total Shareholders Funds	16626.80	16604.10	16575.80	16578.90	-4.90	220.59
Secured Loans	3473.60	2188.80	1641.90	1142.50	0.00	2300.52
Unsecured Loans	0.00	0.00	0.00	0.00	0.00	117.14
Total Debt	3473.60	2188.80	1641.90	1142.50	0.00	2417.66
Total Liabilities	20100.40	18792.90	18217.70	17721.40	-4.90	2638.25
APPLICATION OF FUNDS :
Gross Block	0.00	0.00	0.00	0.00	0.00	2272.87
Less : Accumulated Depreciation	0.00	0.00	0.00	0.00	0.00	364.74
Less:Impairment of Assets	0.00	0.00	0.00	0.00	0.00	0.00
Net Block	0.00	0.00	0.00	0.00	0.00	1908.13
Lease Adjustment	0.00	0.00	0.00	0.00	0.00	0.00
Capital Work in Progress	0.00	0.00	0.00	0.00	0.00	0.00
Producing Properties	0.00	0.00	0.00	0.00	0.00	0.00
Investments	15410.30	15310.30	15310.30	15310.30	0.00	0.77
Current Assets, Loans & Advances	0.00	0.00	0.00	0.00	0.00	0.00
Inventories	0.00	0.00	0.00	0.00	0.00	1.60
Sundry Debtors	0.00	0.00	0.00	0.00	0.00	10.56
Cash and Bank	303.80	298.40	281.40	293.80	0.00	14.55
Loans and Advances	1182.10	199.20	556.80	1.10	0.00	1006.47
Total Current Assets	1485.90	497.60	838.20	294.90	0.00	1033.19
Less : Current Liabilities and Provisions	0.00	0.00	0.00	0.00	0.00	0.00
Current Liabilities	88.20	5.30	57.10	3.80	4.90	280.73
Provisions	0.00	0.20	0.10	0.30	0.00	0.01
Total Current Liabilities	88.20	5.50	57.20	4.10	4.90	280.74
Net Current Assets	1397.70	492.10	781.00	290.80	-4.90	752.45
Miscellaneous Expenses not written off	0.00	0.00	0.00	0.00	0.00	0.00
Deferred Tax Assets	0.00	0.00	0.00	0.00	0.00	0.00
Deferred Tax Liability	0.00	0.00	0.00	0.00	0.00	101.27
Net Deferred Tax	0.00	0.00	0.00	0.00	0.00	-101.27
Total Assets	16808.00	15802.40	16091.30	15601.10	-4.90	2560.08
Contingent Liabilities	1447.80	1643.40	0.00	0.00	0.00	65.12

Cash Flow

These are actions taken by a company that impact the shareholders value directly. It is an event that brings material changes to a company and affects its stakeholders.

PARTICULARS	Mar 2024	Mar 2023	Mar 2022	Mar 2021
Cash and Cash Equivalents at Beginning of the year	298.40	281.40	293.80	0.00
Net Cash from Operating Activities	-14.90	-19.90	-12.50	-10.60
Net Cash Used In Investing Activities	65.70	748.70	633.00	-1524.70
Net Cash Used In Financing Activities	-45.40	-711.80	-632.90	1829.10
Net Inc./Dec In Cash And Cash Equivalents	5.40	17.00	-12.40	293.80
Cash And Cash Equivalents At End Of The Year	303.80	298.40	281.40	293.80

Share Holding

These are actions taken by a company that impact the shareholders value directly. It is an event that brings material changes to a company and affects its stakeholders.

Promoter Shareholding

63.48%

FII Shareholding

0.00%

DII Shareholding

2.74%

Public Shareholding

14.13%

**Promoter pledged shareholding 63.48%

About Mindspace Business Parks REIT

Mindspace Business Parks REIT is in the Real Estate Investment Trusts sector, having a market capitalization of Rs. 21011.82 crores. It has reported a sales of Rs. 356 crores and a net profit of Rs. 288.9 crores for the quarter ended December 2018. The company management includes Deepak Ghaisas, Deepak Ghaisas,Manisha Girotra,Bobby Parikh,Ravi C Raheja,Neel C Raheja,Manish Kejriwal,Bharat Sanghavi (Mindspace Business Parks REIT) among others.

Chairman

Deepak Ghaisas

Registered office

Raheja Tower Level 8 Block G,C-30 Bandra Kurla Complex,Mumbai,Maharashtra,400051

FAX :91-22-2656 4747

Background

Incorporation Year

Face Value₹275

Market Lot0

How to buy Mindspace Busine shares on nse?

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What is the Mindspace Busine share price today?

The Mindspace Busine shares price on nse is Rs.354.32 today.

What is the market cap of Mindspace Busine shares on BSE ?

The company has a market capitalization of Rs.21011.82Cr

What is the PE & PB ratio of Mindspace Busine shares ?

PE is 18.12 and PB is 1.26

What is the 52 Week High and Low of Mindspace Busine shares?

Mindspace Busine stock price high: Rs.369 Mindspace Busine stock price low: Rs.298.15