Mindspace Business Parks REIT (NSE:MINDSPACE) EBIT: ₹20,077 Mil (TTM As of Mar. 2026)


NSE:MINDSPACE Mindspace Business Parks REIT NSE:MINDSPACE
84 GF Score
Price ₹463.16
GF Value ₹481.39
Valuation Fairly Valued
! 6 Warning Signs
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What is Mindspace Business Parks REIT EBIT?

Mindspace Business Parks REIT NSE:MINDSPACE +0.25% 84 EBIT is ₹20,077 Mil as of Mar. 2026. GuruFocus rates NSE:MINDSPACE with a GF Score™ of 84/100 and a GF Value™ of ₹481.39 (Fairly Valued). The stock has 6 warning signs investors should review.

Mindspace Business Parks REIT's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2026 was ₹5,844 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2026 was ₹20,077 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Mindspace Business Parks REIT's annualized ROC % for the quarter that ended in Mar. 2026 was 3.77%. Mindspace Business Parks REIT's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 997.76%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Mindspace Business Parks REIT's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 4.70%.


Mindspace Business Parks REIT  (NSE:MINDSPACE) EBIT Explanation

1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

Mindspace Business Parks REIT's annualized ROC % for the quarter that ended in Mar. 2026 is calculated as:

ROC % (Q: Mar. 2026 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2025 ) + Invested Capital (Q: Mar. 2026 ))/ count )
=22752.84 * ( 1 - 42.72% )/( (0 + 346011.57)/ 1 )
=13032.826752/346011.57
=3.77 %

where

Invested Capital(Q: Mar. 2026 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=316325.19 - 1151.76 - ( 16907.41 - max(0, 50165.55 - 19327.41+16907.41))
=346011.57

Note: The Operating Income data used here is four times the quarterly (Mar. 2026) data.

2. Joel Greenblatt's definition of Return on Capital:

Mindspace Business Parks REIT's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 is calculated as:

ROC (Joel Greenblatt) %(Q: Mar. 2026 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2025  Q: Mar. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=23375.8/( ( (0 + max(0, 0)) + (2342.82 + max(-12504.45, 0)) )/ 1 )
=23375.8/( ( 0 + 2342.82 )/ 1 )
=23375.8/2342.82
=997.76 %

where Working Capital is:

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 0 + 0) - (0 + 0 + 0)
=0

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(521.12 + 54.44 + 1844.44) - (1151.76 + 0 + 13772.69)
=-12504.45

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2026) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

Mindspace Business Parks REIT's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2026 )
=20077.07/426946.703
=4.70 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Mindspace Business Parks REIT EBIT Related Terms


Mindspace Business Parks REIT EBIT Historical Data

* Premium members only.

The historical data trend for Mindspace Business Parks REIT's EBIT can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Mindspace Business Parks REIT EBIT Chart

Mindspace Business Parks REIT Annual Data
Trend Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
EBIT
Get a 7-Day Free Trial Premium Member Only 9,773.00 10,811.00 13,672.43 15,254.26 20,087.35

Mindspace Business Parks REIT Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
EBIT Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 4,053.24 4,619.04 4,366.46 5,247.62 5,843.95

NSE:MINDSPACE vs BXP, ARE, VNO: EBIT Comparison

For the REIT - Office subindustry, Mindspace Business Parks REIT's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Mindspace Business Parks REIT EV-to-EBIT vs REITs Industry

For the REITs industry and Real Estate sector, Mindspace Business Parks REIT's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Mindspace Business Parks REIT's EV-to-EBIT falls into.


NSE:MINDSPACE
84GF Score
Mindspace Business Parks REIT NSE:MINDSPACE
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
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Mindspace Business Parks REIT EBIT Calculation

EBIT, sometimes also called Earnings Before Interest and Taxes, is a measure of a firm's profit that includes all expenses except interest and income tax expenses. It is the difference between operating revenues and operating expenses. When a firm does not have non-operating income, then Operating Income is sometimes used as a synonym for EBIT and operating profit.

EBIT for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was ₹20,077 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about EBIT →
What does a EBIT of ₹20,077 Mil mean?
Mindspace Business Parks REIT (NSE:MINDSPACE) has a EBIT of ₹20,077 Mil as of Mar. 2026. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Mindspace Business Parks REIT.
Is Mindspace Business Parks REIT's EBIT too high?
Mindspace Business Parks REIT's current EBIT is ₹20,077 Mil. Overall, Mindspace Business Parks REIT has a GF Score™ of 84/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Mindspace Business Parks REIT's EBIT compare to BXP and ARE?
Mindspace Business Parks REIT's EBIT of ₹20,077 Mil can be compared against companies in the REITs industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EBIT for a REITs company?
A good EBIT depends on the REITs industry context. However, EBIT should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high EBIT mean?
A high EBIT can signal that a stock is expensive relative to its fundamentals. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Mindspace Business Parks REIT. Mindspace Business Parks REIT's current EBIT is ₹20,077 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mindspace Business Parks REIT stock overvalued right now?
Based on GuruFocus' analysis, Mindspace Business Parks REIT (NSE:MINDSPACE) is currently considered Fairly Valued. The stock's GF Value™ is ₹481.39, compared to a current price of ₹463.16 — trading 3.8% below its estimated fair value. The current EBIT is ₹20,077 Mil. Mindspace Business Parks REIT's overall GF Score™ is 84/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EBIT calculated?
EBIT is calculated from a company's financial statements. For Mindspace Business Parks REIT (NSE:MINDSPACE), the current EBIT is ₹20,077 Mil as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Mindspace Business Parks REIT (NSE:MINDSPACE) Overvalued in 2026?

Based on GuruFocus' analysis, Mindspace Business Parks REIT stock appears to be undervalued. The current stock price of ₹463.16 is trading 3.8% below its estimated GF Value™ of ₹481.39. GuruFocus considers Mindspace Business Parks REIT to be Fairly Valued.

Key valuation signals for NSE:MINDSPACE:

  • EBIT: ₹20,077 Mil
  • GF Value™: ₹481.39 vs. price of ₹463.16 (3.8% below fair value)
  • GF Score™: 84/100 with 6 warning signs

No single metric tells the full story. See the NSE:MINDSPACE stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Mindspace Business Parks REIT Business Description

Industry Real EstateREITs
Other Exchanges 543217:India
Address Plot No. C-30, Raheja Tower, Level 8, Block G, Bandra Kurla Complex, Bandra (East), Mumbai, MH, IND, 400051
Mindspace Business Parks REIT is a real estate investment company. It owns an office portfolio located in four key office markets such as Mumbai Region, Hyderabad, Pune, and Chennai in India. The company's portfolio has several integrated business parks with superior infrastructure and amenities (such as restaurants, creches, and outdoor sports arenas) and five quality independent offices.
84GF Score

Get the complete analysis for NSE:MINDSPACE

EBIT is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₹463.16
Price
₹481.39
GF Value