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Mindspace Business Parks REIT

FinanceFinance - Investment

www.mindspacereit.com BSE: 543217NSE: MINDSPACE

₹499.78BSE0.36%

16 Sep, 4:01 PM

₹499.78

—

0.00

4.77%

₹501.10

₹497.86

₹525.50

₹431.01

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Price Performance

Peer Comparison

Name
BAJAJ FINSE BAJAJFINSV	1,839.60	29.05	2,94,715.21	0.08	6,296.67	18.15%	42,036.90	19.13%	11.88
AIIL AIIL	524.45	21.37	44,537.63	0.00	1,108.22	17.52%	1,469.54	20.94%	13.85
CHOLAHLDNG CHOLAHLDNG	1,511.90	10.64	28,390.07	0.09	1,788.99	42.04%	11,113.57	19.55%	10.52
TVSHLTD TVSHLTD	12,760.40	13.10	25,816.97	0.67	1,173.58	73.77%	17,076.18	34.01%	19.39
CGCL CGCL	257.40	21.92	24,765.84	0.08	353.38	102.04%	1,576.48	57.49%	11.68
JSWHL JSWHL	10,866.00	88.26	12,060.85	0.00	24.54	-27.43%	34.58	14.99%	0.58
JM FINANCIAL JMFINANCIL	121.00	11.09	11,579.22	2.70	368.57	-19.66%	1,200.53	8.03%	11.91
Mindspace Business Parks REIT MINDSPACE	499.78	0.00		0.00	271.81	62.96%	946.44	27.85%	7.70

Quarterly Results

consolidated figures in ₹ Crores · Quarterly

Particulars	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	637.93	649.36	681.08	740.26	772.01	814.12	889.95	946.44
Expenses	181.01	179.02	197.16	177.50	191.21	185.80	206.54	228.24
	456.91	470.34	483.92	562.76	580.80	628.32	683.41	718.19
	71.62%	72.43%	71.05%	76.02%	75.23%	77.18%	76.79%	75.88%
	14.23	22.73	25.75	14.54	-26.14	18.64	24.94	23.04
Interest	130.50	144.48	155.99	203.44	203.63	208.93	219.96	256.12
	98.35	106.37	104.35	114.81	118.01	122.20	123.96	119.46
	242.29	242.21	249.34	259.05	233.02	315.83	364.44	365.65
	44.29%	40.15%	61.45%	35.61%	45.59%	39.23%	42.72%	25.66%
	125.63	135.53	86.85	156.71	116.50	180.10	198.56	261.87
	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

Profit & Loss

consolidated figures in ₹ Crores · Annual

Particulars	FY 2021-22 (Mar)	FY 2022-23 (Mar)	FY 2023-24 (Mar)	FY 2024-25 (Mar)	FY 2025-26 (Mar)
No of Months	12.00	12.00	12.00	12.00	12.00
INCOME :
Operating Income	1,760.80	2,297.80	2,462.39	2,596.11	3,216.35
Operating Income (Net)	1,760.80	2,297.80	2,462.39	2,596.11	3,216.35
EXPENDITURE :
Employee Cost	22.60	28.70	29.78	30.29	36.73
Operating & Establishment Expenses	307.00	631.30	555.28	547.34	660.22
Administrations & Other Expenses	25.90	28.60	53.73	61.66	47.70
Provisions and Contingencies	28.60	53.80	38.19	66.62	47.00
	384.70	743.90	677.08	705.92	791.94
Operating Profit (Excl OI)	1,376.10	1,553.90	1,785.31	1,890.19	2,424.40
	8.80	6.30	14.50	79.52	91.57
	1,384.90	1,560.20	1,799.81	1,969.71	2,515.98
Interest	265.00	343.70	457.62	558.82	837.82
	328.90	355.40	382.65	405.98	478.98
Profit Before Taxation & Exceptional Items	791.00	861.10	959.54	1,004.90	1,199.18
Exceptional Income / Expenses	-76.70	-122.70	-48.92	-36.75	-26.85
	714.30	738.40	910.61	968.15	1,172.33
Provision for Tax	267.00	429.90	349.37	454.41	478.08
	447.30	308.50	561.24	513.75	694.26
Extra items				0.00	0.00
Minority Interest	-23.50	-24.90	-36.20	-37.47	-42.40
Other Consolidated Items				-0.31
Consolidated Net Profit	423.80	283.60	525.04	475.96	651.86
Profit Balance B/F	19.10	-674.30	-1,554.65	-2,154.97	-2,527.66
Appropriations	442.90	-390.70	-1,029.61	-1,679.01	-1,875.80
	7.15	4.78	8.85	7.81	10.05
Adjusted EPS	7.15	4.78	8.85	7.81	10.05

Balance Sheet

consolidated figures in ₹ Crores

Particulars	FY 2021-22 (Mar)	FY 2022-23 (Mar)	FY 2023-24 (Mar)	FY 2024-25 (Mar)	FY 2025-26 (Mar)
	16,283.90	16,283.90	16,283.88	16,582.10	17,697.46
Total Reserves	-663.40	-1,501.20	-2,114.97	-2,527.66	-2,650.64
Reserve excluding Revaluation Reserve	-663.40	-1,501.20	-2,114.97	-2,527.66	-2,650.64
Revaluation reserve		0.00		0.00
	15,620.50	14,782.70	14,168.91	14,054.44	15,046.82
Minority Interest	850.70	795.50	759.63	756.11	750.01
Secured Loans	3,535.70	4,584.20	4,883.60	8,610.53	9,453.91
Deferred Tax Assets / Liabilities	-38.20	202.10	343.14	463.79	578.23
Other Long Term Liabilities	497.40	474.90	390.12	479.92	712.22
Long Term Provisions	3.00	6.70	1,085.73	933.54	1,307.97
Total Non-Current Liabilities	3,997.90	5,267.90	6,702.59	10,487.78	12,052.33
Trade Payables	70.50	70.90	108.76	131.28	115.18
Other Current Liabilities	1,455.50	1,631.00	2,869.08	1,520.30	3,445.96
Short Term Borrowings	249.60	121.90	281.05	1,056.33	1,445.70
Short Term Provisions	3.70	5.90	112.70	477.31	534.73
Total Current Liabilities	1,779.30	1,829.70	3,371.59	3,185.22	5,541.56
Total Liabilities	22,248.40	22,675.80	25,002.73	28,483.55	33,390.72
Gross Block	171.70	157.40	151.83	167.74	172.34
Less: Accumulated Depreciation	17.70	27.70	38.73	51.77	65.73
Net Block	154.00	129.70	113.10	115.97	106.61
Capital Work in Progress	1,349.60	786.70	1,456.74	737.51	1,645.46
Non Current Investments	2.30	2.90	3.30	3.89	4.33
Long Term Investment	2.30	2.90	3.30	3.89	4.33
Long Term Loans & Advances	338.20	307.30	1,407.16	1,294.02	1,738.82
Other Non Current Assets	100.50	96.10	183.70	485.98	264.86
Total Non-Current Assets	21,664.00	21,837.10	23,567.69	26,622.75	30,925.69
Inventories	2.60	7.20	4.35	5.03	5.44
Sundry Debtors	21.00	57.20	109.23	58.67	52.11
Cash and Bank	359.90	426.80	610.08	741.10	1,296.21
Other Current Assets	86.40	89.10	105.13	117.98	132.30
Short Term Loans and Advances	114.50	258.40	459.74	793.57	879.26
Total Current Assets	584.40	838.70	1,288.53	1,716.35	2,365.32
Net Current Assets (Including Current Investments)	-1,194.90	-991.00	-2,083.06	-1,468.87	-3,176.24
Total Assets	22,248.40	22,675.80	25,002.73	28,483.55	33,390.72
Contingent Liabilities	140.20	143.30	165.22	168.80	200.77
Total Debt	4,448.00	5,453.50	6,972.81	10,109.78	12,976.17
	263.40	249.28	238.93	230.71	232.08
Adjusted Book Value	263.40	249.28	238.93	230.71	232.08

Cash Flow

consolidated figures in ₹ Crores

Particulars	FY 2021-22 (Mar)	FY 2022-23 (Mar)	FY 2023-24 (Mar)	FY 2024-25 (Mar)	FY 2025-26 (Mar)
No of Months	12.00	12.00	12.00	12.00	12.00
	714.30	738.40	910.61	968.15	1,172.33
Adjustment	675.40	848.90	845.16	933.03	1,309.11
Changes In working Capital	-49.90	-20.70	-36.84	357.35	273.32
Cash Flow after changes in Working Capital	1,339.80	1,566.60	1,718.93	2,258.54	2,754.75
Cash Flow from Operating Activities	1,161.80	1,393.00	1,526.53	2,017.35	2,413.89
Cash Flow from Investing Activities	-455.80	-750.60	-1,458.65	-1,499.99	-1,293.27
Cash Flow from Financing Activitie	-754.30	-456.30	-163.58	-472.62	-918.86
Net Cash Inflow / Outflow	-48.30	186.10	-95.70	44.74	201.76
Opening Cash & Cash Equivalents	146.50	98.20	284.30	188.60	167.73
Cash & Cash Equivalent on Amalgamation / Take over / Merger				-65.61	-6.74
Closing Cash & Cash Equivalent	98.20	284.30	188.60	167.73	362.76

Ratios

Valuation

4.33

Profitability

4.77

7.70

2.24

75.38

21.59

Leverage & Liquidity

0.86

0.43

2.40

Returns

0.00

0.10

Shareholding Pattern

Numbers in percentages

Particulars
No. of Shareholders

Corporate Actions

Showing: All

Date	Type	Details	Ex-Date	Record Date
2026-08-07	Ex Dividend		2026-08-07	2026-08-07
2026-04-20	Ex Dividend	Income Distribution RITES	2026-05-05	2026-05-05

Insider Trading

Date	Person	Category	Transaction Type	Shares
2026-08-27	Kumarswamy KS	Market	Buy	350
2026-08-27	Nagarathnamma KS	Market	Buy	5,701
2026-08-18	Ramesh Kumar Nair	Market	Buy	10,200
2026-08-14	Vinod Rohira	Market	Buy	25,000

Sector Overview

FinanceFinance - Investment

Mindspace Business Parks REIT operates in the Finance sector under the Finance - Investment industry. This sector is one of the key drivers of the Indian economy and is closely tracked by the relevant Nifty sectoral index.

Company Profile

Corporate information and contact details

Key Management

13 members across the board and senior leadership

Deepak Ghaisas

Non Executive Independent Director

₹32.50 L

Mar '26

Bobby Parikh

Non Executive Independent Director

₹29.50 L

Mar '26

Akshaykumar Chudasama

Non Executive Independent Director

₹23.00 L

Mar '26

Manisha Girotra

Non Executive Independent Director

₹17.00 L

Mar '26

Manish Kejriwal

Non Executive Independent Director

₹21.50 L

Mar '26

Ramesh Nair

Managing Director & Chief Executive Officer

—

Ravi C Raheja

Non Independent & Non Executive Director

₹16.00 L

Mar '26

Neel C Raheja

Non Independent & Non Executive Director

₹25.00 L

Mar '26

Neel Raheja

Non Independent & Non Executive Director

₹21.00 L

Mar '25

Vinod Rohira

Non Independent & Non Executive Director

₹9.50 L

Mar '26

Mridul Gupta

Company Secretary & Compliance Officer

—

Bharat Sanghavi

Company Secretary & Compliance Officer

—

Sandeep Mathrani

Non Executive Independent Director

₹21.50 L

Mar '26

MINDSPACE Latest News

News

1 of 1 article

EQUITY29 Apr 2026 · 00:00

Mindspace Business reports Profit after tax of Rs 2010.47 Mln, in the March 2026 quarter

MINDSPACE

₹499.78

+0.36%