ScoreWhy is Mindspace Business Parks REIT ?
1
Low ability to service debt as the company has a high Debt to EBITDA ratio of 5.33 times
- Low ability to service debt as the company has a high Debt to EBITDA ratio of 5.33 times
- The company has been able to generate a Return on Equity (avg) of 3.56% signifying low profitability per unit of shareholders funds
2
With a growth in Operating Profit of 10.17%, the company declared Very Positive results in Mar 26
- The company has declared positive results for the last 2 consecutive quarters
- ROCE(HY) Highest at 7.32%
- NET SALES(Q) Highest at Rs 889.95 cr
- PBDIT(Q) Highest at Rs 685.46 cr.
3
With ROCE of 7.3, it has a Very Expensive valuation with a 1.6 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 20.70%, its profits have risen by 41.5% ; the PEG ratio of the company is 1.5
- At the current price, the company has a high dividend yield of 6.8
4
31.59% of Promoter Shares are Pledged
- In falling markets, high promoter pledged shares puts additional downward pressure on the stock prices
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
20.7%
1.25
16.56%
Sensex
-8.36%
-0.64
13.04%
Quality
Management Risk
Growth
Capital StructureQuality key factors
Factor
Value
Sales Growth (5y)
22.84%
EBIT Growth (5y)
24.93%
EBIT to Interest (avg)
3.11
Debt to EBITDA (avg)
4.43
Net Debt to Equity (avg)
0.78
Sales to Capital Employed (avg)
0.11
Tax Ratio
40.78%
Dividend Payout Ratio
53.80%
Pledged Shares
31.59%
Institutional Holding
21.86%
ROCE (avg)
6.74%
ROE (avg)
3.56%
ValuationValuation Key Factors 
Factor
Value
P/E Ratio
46
Industry P/E
32
Price to Book Value
2.07
EV to EBIT
21.88
EV to EBITDA
17.58
EV to Capital Employed
1.60
EV to Sales
13.32
PEG Ratio
1.53
Dividend Yield
6.84%
ROCE (Latest)
7.32%
ROE (Latest)
4.49%
Loading Valuation Snapshot...
TechnicalsTechnical key factors
Indicator
Weekly
Monthly
MACD
Mildly Bearish
Mildly Bearish
RSI
No Signal
No Signal
Bollinger Bands
Mildly Bearish
Bullish
Moving Averages
Bullish (Daily)
KST
Bearish
Bullish
Dow Theory
Mildly Bearish
No Trend
OBV
Mildly Bearish
Mildly Bullish
Technical Indicator Scale: Bearish, Mildly Bearish, Sideways, Mildly Bullish, Bullish Turned 
Financial Trend28What is working for the Company
ROCE(HY)
Highest at 7.32%
NET SALES(Q)
Highest at Rs 889.95 cr
PBDIT(Q)
Highest at Rs 685.46 cr.
OPERATING PROFIT TO NET SALES(Q)
Highest at 77.02%
PAT(Q)
At Rs 198.56 cr has Grown at 40.6% (vs previous 4Q average
DEBTORS TURNOVER RATIO(HY)
Highest at 61.72 times
PBT LESS OI(Q)
At Rs 339.50 cr has Grown at 32.6% (vs previous 4Q average
EPS(Q)
Highest at Rs 4.93
-5What is not working for the Company
INTEREST(9M)
At Rs 632.52 cr has Grown at 25.67%
DEBT-EQUITY RATIO(HY)
Highest at 0.86 times
Loading Valuation Snapshot...
Here's what is working for Mindspace Busine
Net Sales - Quarterly
Highest at Rs 889.95 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 685.46 cr. and Grown
each quarter in the last five quartersMOJO Watch
Near term Operating Profit trend is quite positive
Operating Profit (Rs Cr)
Operating Profit Margin - Quarterly
Highest at 77.02% and Grown
each quarter in the last five quartersMOJO Watch
Company's efficiency has improved
Operating Profit to Sales
Profit Before Tax less Other Income (PBT) - Quarterly
Highest at Rs 339.50 cr. and Grown
each quarter in the last five quartersMOJO Watch
Near term PBT trend is very positive
PBT less Other Income (Rs Cr)
Profit After Tax (PAT) - Quarterly
At Rs 198.56 cr has Grown at 40.6% (vs previous 4Q average)
over average PAT of the previous four quarters of Rs 141.22 CrMOJO Watch
Near term PAT trend is very positive
PAT (Rs Cr)
Profit Before Tax less Other Income (PBT) - Quarterly
At Rs 339.50 cr has Grown at 32.6% (vs previous 4Q average)
over average PBT of the previous four quarters of Rs 256.12 CrMOJO Watch
Near term PBT trend is positive
PBT less Other Income (Rs Cr)
Profit After Tax (PAT) - Quarterly
Highest at Rs 198.56 cr.
in the last five quartersMOJO Watch
Near term PAT trend is positive
PAT (Rs Cr)
Earnings per Share (EPS) - Quarterly
Highest at Rs 4.93
in the last five quartersMOJO Watch
Increasing profitability; company has created higher earnings for shareholders
EPS (Rs)
Debtors Turnover Ratio- Half Yearly
Highest at 61.72 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
Debt-Equity Ratio - Half Yearly
Highest at 0.86 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
Interest - Nine Monthly
At Rs 632.52 cr has Grown at 25.67%
over preceding nine months periodMOJO Watch
Rising interest cost signifies increased borrowings
Interest Paid (Rs cr)
InfinHub Market Technologies FZ-LLC, Building-2, Unit 112, Dubai Internet City, Dubai, United Arab Emirates
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