Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's
Operating Income
by its Interest Expense. Mindspace Business Parks REIT's
Operating Income
for the
three
months ended in Mar. 2026 was ₹5,688 Mil. Mindspace Business Parks REIT's Interest Expense for the
three
months ended in Mar. 2026 was ₹-2,200 Mil.
Mindspace Business Parks REIT's interest coverage for the quarter that ended in Mar. 2026 was 2.59.
The higher the ratio, the stronger the company's financial strength is.
The historical rank and industry rank for Mindspace Business Parks REIT's Interest Coverage or its related term are showing as below:
NSE:MINDSPACE'
s Interest Coverage Range Over the Past 10 Years
Min: 1.42 Med: 2.71 Max: 3.9
Current: 2.32
NSE:MINDSPACE's Interest Coverage is ranked worse than 63.39% of 702
companies
in the REITs industry
Industry Median: 3.125
vs NSE:MINDSPACE: 2.32
Mindspace Business Parks REIT (NSE:MINDSPACE) Interest Coverage Explanation
Ben Graham requires that a company has a minimum interest coverage of 5 with the companies he invested. If the interest coverage is less than 2, the company is burdened by debt. Any business slow or recession may drag the company into a situation where it cannot pay the interest on its debt.
Interest Coverage is an important factor when GuruFocus ranks a company's overage Financial Strength .
Mindspace Business Parks REIT Interest Coverage Related Terms
Mindspace Business Parks REIT Interest Coverage Historical Data
* 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.
Note: For Interest Coverage, "No debt" indicates no long-term debt. An indication of "No Debt" does not necessarily mean that the company has no long-term debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.
Mindspace Business Parks REIT Interest Coverage Chart
NSE:MINDSPACE vs BXP, ARE, VNO: Interest Coverage Comparison
For the REIT - Office subindustry, Mindspace Business Parks REIT's Interest Coverage, along with its competitors' market caps and Interest Coverage 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 Interest Coverage vs REITs Industry
For the REITs industry and Real Estate sector, Mindspace Business Parks REIT's Interest Coverage distribution charts can be found below:
* The bar in red indicates where Mindspace Business Parks REIT's Interest Coverage falls into.
Mindspace Business Parks REIT Interest Coverage Calculation
Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income (EBIT) by its Interest Expense:
* 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 (NSE:MINDSPACE) has a Interest Coverage of 2.59 as of Mar. 2026. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Mindspace Business Parks REIT and its competitors. This is near median its historical median of 2.71. Over the past decade, Mindspace Business Parks REIT's Interest Coverage has ranged from 1.42 to 3.90. According to the industry distribution chart, Mindspace Business Parks REIT ranks #445 out of 702 companies in the REITs industry, placing it in the top 63.4%.
Is Mindspace Business Parks REIT's Interest Coverage too high?
Mindspace Business Parks REIT's current Interest Coverage of 2.59 is near median its 10-year median of 2.71. Over the past 10 years, this metric has ranged from a low of 1.42 to a high of 3.90. The REITs industry median Interest Coverage is 3.13. Mindspace Business Parks REIT's value of 2.59 is 17.1% below this industry median. Based on the distribution chart, Mindspace Business Parks REIT ranks #445 out of 702 companies in the REITs industry, which is below the industry midpoint. 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 Interest Coverage compare to BXP and ARE?
According to the REITs industry distribution chart, Mindspace Business Parks REIT ranks #445 out of 702 companies for Interest Coverage. This places Mindspace Business Parks REIT in the lower half of its industry. The industry median Interest Coverage is 3.13. Mindspace Business Parks REIT's value of 2.59 is 17.1% below this benchmark. Historically, Mindspace Business Parks REIT's own Interest Coverage has ranged from 1.42 to 3.90 over the past decade. While the company's 10-year median is 2.71 vs. the industry median of 3.13, Mindspace Business Parks REIT has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Interest Coverage for a REITs company?
The median Interest Coverage among REITs companies is 3.13, based on 702 companies in the industry. Companies in the top quartile (top 25%) have a Interest Coverage significantly above this median, while those in the bottom quartile fall well below. However, Interest Coverage should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Mindspace Business Parks REIT's current Interest Coverage of 2.59 is 17.1% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Interest Coverage mean?
A high Interest Coverage can signal that a stock is expensive relative to its fundamentals. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Mindspace Business Parks REIT and its competitors. For the REITs industry, the median Interest Coverage is 3.13 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Mindspace Business Parks REIT's current Interest Coverage is 2.59, which is near median its own 10-year median of 2.71. 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 ₹481.75, compared to a current price of ₹463.16 — trading 3.9% below its estimated fair value. The current Interest Coverage is 2.59, which is near median its 10-year median of 2.71 and 17.1% below the REITs industry median of 3.13. 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 Interest Coverage calculated?
Interest Coverage is calculated from a company's financial statements. For Mindspace Business Parks REIT (NSE:MINDSPACE), the current Interest Coverage is 2.59 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 3.9% below its estimated GF Value™ of ₹481.75.
GuruFocus considers Mindspace Business Parks REIT to be Fairly Valued.
Key valuation signals for NSE:MINDSPACE:
Interest Coverage: 2.59 (near median its 10-year median of 2.71)
GF Value™: ₹481.75 vs. price of ₹463.16 (3.9% below fair value)
Industry Position: 17.1% below the REITs median (#445 of 702)
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
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
Interest Coverage is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
NSE:MINDSPACE has been successfully added to your 
