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 -2.17%
21 Nov 4:00 p.m.
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 ₹ 34,860 Cr.
  • Current Price ₹ 368
  • High / Low ₹ 433 / 281
  • Stock P/E 15.7
  • Book Value ₹ 253
  • Dividend Yield 3.10 %
  • ROCE 5.41 %
  • ROE 3.94 %
  • Face Value ₹ 300
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Pros

  • Stock is providing a good dividend yield of 3.10%.
  • Company has been maintaining a healthy dividend payout of 304%

Cons

  • Company has low interest coverage ratio.
  • Promoter holding is low: 7.69%
  • Tax rate seems low
  • Company has a low return on equity of 3.06% over last 3 years.
  • Company might be capitalizing the interest cost
  • 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

Consolidated Figures in Rs. Crores / View Standalone

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
757 764 770 855 889 893 895 943 926 966 981 970 1,026
165 159 175 206 212 210 247 234 220 228 234 230 248
Operating Profit 592 605 596 649 677 682 649 709 706 738 747 741 778
OPM % 78% 79% 77% 76% 76% 76% 72% 75% 76% 76% 76% 76% 76%
35 30 38 25 20 35 29 43 32 45 42 35 56
Interest 221 208 193 231 246 245 254 255 262 278 292 309 328
Depreciation 199 199 202 220 279 283 347 229 236 252 168 266 400
Profit before tax 206 228 239 223 172 190 77 268 240 253 328 200 106
Tax % 5% 9% -17% 20% 25% 14% 54% 13% 10% 9% 14% 11% -1,348%
196 208 279 179 128 163 35 234 217 230 283 179 1,530
EPS in Rs 2.07 2.20 2.95 1.89 1.36 1.72 0.37 2.47 2.29 2.43 2.99 1.89 16.14
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
0 2,193 2,457 3,053 3,532 3,816 3,943
9 655 602 663 874 831 940
Operating Profit -9 1,538 1,855 2,390 2,658 2,984 3,003
OPM % 70% 75% 78% 75% 78% 76%
0 168 115 132 109 161 177
Interest 0 382 645 829 976 1,087 1,207
Depreciation 0 528 571 796 1,128 969 1,086
Profit before tax -9 796 754 896 662 1,089 887
Tax % 0% 4% 7% 1% 24% 11%
-9 766 698 888 506 964 2,222
EPS in Rs -0.12 9.92 7.37 9.37 5.34 10.17 23.45
Dividend Payout % 0% 243% 296% 235% 412% 265%
Compounded Sales Growth
10 Years: %
5 Years: %
3 Years: 16%
TTM: 8%
Compounded Profit Growth
10 Years: %
5 Years: 152%
3 Years: 11%
TTM: 242%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: 0%
1 Year: 17%
Return on Equity
10 Years: %
5 Years: 3%
3 Years: 3%
Last Year: 4%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 22,904 22,912 28,826 28,826 28,826 28,826 28,826
Reserves -9 -594 -1,733 -2,940 -4,458 -5,552 -4,869
7,847 5,746 10,656 12,136 14,842 16,959 20,312
5,953 5,426 7,331 7,164 7,190 7,126 6,084
Total Liabilities 36,695 33,490 45,079 45,187 46,400 47,360 50,353
26,756 27,007 37,428 38,878 38,466 39,921 43,545
CWIP 502 411 1,371 710 1,267 1,804 213
Investments 2,552 3,636 2,412 2,363 3,124 2,964 3,065
6,885 2,436 3,868 3,235 3,543 2,671 3,530
Total Assets 36,695 33,490 45,079 45,187 46,400 47,360 50,353

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
3 1,696 1,870 2,367 2,566 2,591
211 -2,148 -3,041 -1,182 -1,468 -1,180
4,747 -4,197 1,777 -1,514 -869 -1,217
Net Cash Flow 4,961 -4,650 606 -329 229 194

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 4 7 7 5 3
Inventory Days
Days Payable
Cash Conversion Cycle 4 7 7 5 3
Working Capital Days -176 -148 -147 -131 -116
ROCE % 4% 4% 5% 4% 5%

Shareholding Pattern

Numbers in percentages

Shareholding pattern is currently not available for this company.

Documents

Announcements

Annual reports

Credit ratings

Concalls