Mindspace Business Parks REIT (NSE:MINDSPACE) Operating Margin % Explanation
Just like Gross Margin %, it is important to see a company maintains its operating margin over time. Among the same industry, a company with higher operating margin is more efficient in its operation. It is also more stable during industry slowdown or recessions. Peter Lynch prefers those with higher margins than those with lower margins.
Be Aware
Operating Margin % can be manipulated by adjusting the rate of depreciation, depletion and amortization (DDA).
If a company is facing competition, its Operating Margin % may decline. Often the Operating Margin % declines well before the company's Revenue or even profit decline. Therefore, Operating Margin % is a very important indicator of whether the company is facing problems.
For instance, by 2012, Nokia (NOK)'s problems were well known and its stock had lost more than 90% of its market value since 2007. But Nokias Operating Margin % had already been in decline since 2002, although its Earnings per Share (Diluted) were still rising. Investors who paid attention to Operating Margin % would have avoided this huge loss. The same can be said for Research-in-Motion (RIMM).
Therefore, Operating Margin % is a very important screening filter for GuruFocus. GuruFocus's Buffett-Munger screener requires that the profit margin is either consistent or expanding. The Model Portfolio of the Buffett-Munger screener has outperformed the market every year since inception in 2009.
Mindspace Business Parks REIT Operating Margin % Related Terms
Mindspace Business Parks REIT Operating Margin % 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.
Mindspace Business Parks REIT Operating Margin % Chart
NSE:MINDSPACE vs BXP, ARE, VNO: Operating Margin % Comparison
For the REIT - Office subindustry, Mindspace Business Parks REIT's Operating Margin %, along with its competitors' market caps and Operating Margin % 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 Operating Margin % vs REITs Industry
For the REITs industry and Real Estate sector, Mindspace Business Parks REIT's Operating Margin % distribution charts can be found below:
* The bar in red indicates where Mindspace Business Parks REIT's Operating Margin % falls into.
Mindspace Business Parks REIT Operating Margin % Calculation
Operating Margin % - also known as operating income margin, operating profit margin and return on sales (ROS) - is the ratio of Operating Income divided by net sales or Revenue, usually presented in percent.
* 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 Operating Margin % of 63.92% as of Mar. 2026. Operating margin is the ratio of total operating income to net sales. View historical data on Mindspace Business Parks REIT and its competitors. This is 13% above median its historical median of 56.44. Over the past decade, Mindspace Business Parks REIT's Operating Margin % has ranged from 51.50 to 61.26. According to the industry distribution chart, Mindspace Business Parks REIT ranks #282 out of 749 companies in the REITs industry, placing it in the top 37.7%.
Is Mindspace Business Parks REIT's Operating Margin % too high?
Mindspace Business Parks REIT's current Operating Margin % of 63.92% is 13% above median its 10-year median of 56.44. Over the past 10 years, this metric has ranged from a low of 51.50 to a high of 61.26. The REITs industry median Operating Margin % is 52.71. Mindspace Business Parks REIT's value of 63.92% is 21.3% above this industry median. Based on the distribution chart, Mindspace Business Parks REIT ranks #282 out of 749 companies in the REITs industry, which is above 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 Operating Margin % compare to BXP and ARE?
According to the REITs industry distribution chart, Mindspace Business Parks REIT ranks #282 out of 749 companies for Operating Margin %. This puts Mindspace Business Parks REIT in the upper half of its industry. The industry median Operating Margin % is 52.71. Mindspace Business Parks REIT's value of 63.92% is 21.3% above this benchmark. Historically, Mindspace Business Parks REIT's own Operating Margin % has ranged from 51.50 to 61.26 over the past decade. While the company's 10-year median is 56.44 vs. the industry median of 52.71, Mindspace Business Parks REIT has consistently been above 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 Operating Margin % for a REITs company?
The median Operating Margin % among REITs companies is 52.71, based on 749 companies in the industry. Companies in the top quartile (top 25%) have a Operating Margin % significantly above this median, while those in the bottom quartile fall well below. However, Operating Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Mindspace Business Parks REIT's current Operating Margin % of 63.92% is 21.3% above 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 Operating Margin % mean?
A high Operating Margin % can signal that a stock is expensive relative to its fundamentals. Operating margin is the ratio of total operating income to net sales. View historical data on Mindspace Business Parks REIT and its competitors. For the REITs industry, the median Operating Margin % is 52.71 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Mindspace Business Parks REIT's current Operating Margin % is 63.92%, which is 13% above median its own 10-year median of 56.44. 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 Operating Margin % is 63.92%, which is 13% above median its 10-year median of 56.44 and 21.3% above the REITs industry median of 52.71. 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 Operating Margin % calculated?
Operating Margin % is calculated from a company's financial statements. For Mindspace Business Parks REIT (NSE:MINDSPACE), the current Operating Margin % is 63.92% 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:
Operating Margin %: 63.92% (13% above median its 10-year median of 56.44)
GF Value™: ₹481.39 vs. price of ₹463.16 (3.8% below fair value)
Industry Position: 21.3% above the REITs median (#282 of 749)
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
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