Skip to content

    Mindspace Busine

    Owns and leases Grade-A office business parks across Mumbai, Pune, Hyderabad and Chennai as a listed REIT.

    Realty
    Consumer Discretionary
    View MINDSPACE earnings calls
    ₹492.69
    +4.38% from avg

    Overview

    Price

    ₹492.69

    Market Cap

    ₹32.7k Cr

    Sector

    Realty

    Consumer Discretionary

    Rank

    2

    Performance

    Financials

    Income Statement

    Financial Trajectories

    11
    Quarterly

    Balance Sheet

    Balance Sheet

    ₹ Cr · Annual
    Line itemFY20FY21FY22FY23FY24FY25FY26FY26
    LiabilitiesEquity Capital016.3k16.3k16.3k16.3k16.6k16.2k17.7k
    Reserves-519-663-1.5k-2.1k-2.5k-2.6k-2.7k
    Borrowings03.8k4.5k5.5k7.0k10.1k11.3k13.0k
    Other Liabilities52.2k2.2k2.4k2.7k2.9k3.3k3.5k
    Total Liabilities022.2k22.3k22.7k23.8k27.1k28.1k31.6k
    AssetsFixed Assets021.2k21.2k21.4k22.0k24.8k25.5k28.8k
    CWIP020006584128
    Investments02233444
    Other Assets01.0k1.1k1.2k1.8k2.2k2.5k2.7k
    Total Assets022.2k22.3k22.7k23.8k27.1k28.1k31.6k

    Cash Flow

    Cash Flow

    ₹ Cr · Annual
    Line itemFY19FY20FY21FY22FY23FY24FY25FY26
    ActivitiesCash from Operating93407981.2k1.4k1.5k2.0k2.4k
    Cash from Investing-5860853-456-751-1.5k-1.5k-1.3k
    Cash from Financing-3560-1.5k-754-456-164-473-919
    SummaryCapital Expenditure
    Free Cash Flow16503945886274435291.1k
    FCF Margin

    Valuation

    Too capital-hungry for an earnings DCF

    For capital-heavy businesses (telecom, power, heavy manufacturing) reported profit ignores the cash needed just to stand still. We'd systematically overvalue it, so we don't show a number.

    MINDSPACE · CAPITAL_INTENSIVE

    Learn to analyse Mindspace Busine

    Guides on how to read this kind of business and the numbers that matter.