Embassy Office Parks REIT

Embassy Off.REIT Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Embassy Office Parks REIT

₹ 368 0.03%
22 Nov - close price
embassyofficeparks.com BSE: 542602 NSE: EMBASSY
About

Embassy Office Parks REIT owns, operates and invests in rent or income generating real estate and related assets in India.[1] It is India's first publicly listed REIT and is Asia's largest official REIT by area.[2]

It is a Real Estate Investment Trust (REIT) that owns, operates or finances income producing real estate. It gives all investors access to the benefits of real estate investment with the advantage of investing in publicly traded units.
As per Indian regulations, it is compulsory for the REIT to distribute at least 90% of its cash flows to the unitholders of the trust.[3]

Key Points

Assets Portfolio[1]
The trust's portfolio comprises various commercial office space, hospitality, and renewable energy assets. The REIT has strong portfolio of Grade-A commercial offices with a leasable area of 35.80 million square feet (msf) spread across Bengaluru, Mumbai, Pune, and National Capital Region (NCR).
Portfolio - As of Q3FY24, EOPR had 45.4 msf of commercial space area, of which 35.8 msf is completed and 84% is occupied, 6.9 msf of under-construction space, while 2.8 msf is proposed development. The commercial space is diversified in Bengaluru, Mumbai, Pune, and the NCR region. EOPR also has completed hotels with an inventory of 1,096 keys, under construction hotels of 518 keys in Bengaluru, and a 100-MW solar park in Bellary, Karnataka. The commercial office space portfolio contributes nearly 90% of the REIT’s total revenue.[2]

Website BSE NSE - RR
  • Market Cap ₹ 34,891 Cr.
  • Current Price ₹ 368
  • High / Low ₹ 433 / 281
  • Stock P/E 45.9
  • Book Value ₹ 247
  • Dividend Yield 3.10 %
  • ROCE 5.67 %
  • ROE 4.88 %
  • Face Value ₹ 300
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Pros

  • Stock is providing a good dividend yield of 3.10%.
  • Company has delivered good profit growth of 164% CAGR over last 5 years
  • Company has been maintaining a healthy dividend payout of 177%
  • Company's working capital requirements have reduced from 19.0 days to 13.2 days

Cons

  • Promoter holding is low: 7.69%
  • Tax rate seems low
  • Company has a low return on equity of 4.99% over last 3 years.
  • Promoter holding has decreased over last 3 years: -53.9%

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: Real Estate Investment Trusts Industry: Construction

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
556 527 474 544 486 486 539 518 534 463 387 418 382
96 7 8 9 14 14 141 9 12 10 -54 11 227
Operating Profit 461 520 466 535 472 472 398 509 522 453 441 407 154
OPM % 83% 99% 98% 98% 97% 97% 74% 98% 98% 98% 114% 97% 40%
2 2 2 2 2 0 3 2 0 0 2 3 0
Interest 187 159 128 147 149 149 157 171 189 181 180 172 166
Depreciation 0 0 0 0 0 0 0 0 0 0 0 0 0
Profit before tax 275 363 341 390 324 323 245 341 334 272 263 238 -12
Tax % 0% 1% 0% 0% 0% 0% 1% 0% 0% 0% 0% 0% 0%
274 361 340 389 324 323 243 340 333 272 262 238 -12
EPS in Rs 2.89 3.81 3.58 4.10 3.41 3.41 2.57 3.58 3.52 2.86 2.76 2.51 -0.13
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
1,397 1,485 1,612 0 852 1,221 2,105 2,055 1,901 1,649
347 410 527 9 94 305 123 178 -24 194
Operating Profit 1,050 1,075 1,085 -9 758 916 1,982 1,877 1,925 1,455
OPM % 75% 72% 67% 89% 75% 94% 91% 101% 88%
204 224 254 0 16 5 8 7 4 5
Interest 710 695 633 0 285 470 646 602 721 699
Depreciation 316 324 323 0 0 0 0 0 0 0
Profit before tax 229 280 383 -9 489 451 1,344 1,282 1,209 761
Tax % 59% 37% 33% 0% 1% 1% 0% 0% 0%
93 177 257 -9 481 447 1,340 1,279 1,207 760
EPS in Rs -0.12 6.24 4.72 14.13 13.49 12.73 8.00
Dividend Payout % 0% 0% 0% 0% 387% 461% 156% 163% 211%
Compounded Sales Growth
10 Years: %
5 Years: %
3 Years: 16%
TTM: -21%
Compounded Profit Growth
10 Years: %
5 Years: 164%
3 Years: 40%
TTM: -39%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: 0%
1 Year: 15%
Return on Equity
10 Years: %
5 Years: 4%
3 Years: 5%
Last Year: 5%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 387 428 448 22,904 22,912 28,826 28,826 28,826 28,826 28,826
Reserves 2,784 2,967 3,030 -9 -878 -2,268 -3,023 -3,769 -4,621 -5,420
5,621 6,406 8,555 0 3,902 8,332 7,449 9,466 9,145 9,400
1,737 1,362 1,428 604 10 49 56 31 19 23
Total Liabilities 10,529 11,163 13,461 23,498 25,946 34,939 33,308 34,554 33,369 32,828
7,926 7,784 8,804 0 0 0 0 0 0 0
CWIP 299 651 957 0 0 0 0 0 0 0
Investments 761 171 291 18,745 19,080 24,174 23,933 24,626 24,544 24,451
1,543 2,557 3,410 4,753 6,866 10,765 9,375 9,928 8,825 8,377
Total Assets 10,529 11,163 13,461 23,498 25,946 34,939 33,308 34,554 33,369 32,828

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
925 987 1,251 3 -50 -33 -40 -48 -57
-211 -951 -2,536 -468 -5,979 -5,259 3,466 668 3,148
-657 91 1,163 4,747 2,032 5,725 -3,623 -612 -3,101
Net Cash Flow 58 127 -123 4,282 -3,997 433 -197 8 -9

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 10 9 9 0 0 0 0 0
Inventory Days
Days Payable
Cash Conversion Cycle 10 9 9 0 0 0 0 0
Working Capital Days -195 29 127 24 30 27 17 13
ROCE % 10% 9% -0% 3% 3% 6% 6% 6%

Shareholding Pattern

Numbers in percentages

Shareholding pattern is currently not available for this company.

Documents

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Credit ratings

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