Mindspace Business Parks REIT (NSE:MINDSPACE) Selling, General, & Admin. Expense: ₹1,001 Mil (TTM As of Mar. 2026)

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Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
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Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

NSE:MINDSPACE Mindspace Business Parks REIT NSE:MINDSPACE
80 GF Score
Price ₹484.59
GF Value ₹488.12
Valuation Fairly Valued
! 7 Warning Signs
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What is Mindspace Business Parks REIT Selling, General, & Admin. Expense?

Mindspace Business Parks REIT NSE:MINDSPACE -1.44% 80 Selling, General, & Admin. Expense is ₹1,001 Mil as of Mar. 2026. GuruFocus rates NSE:MINDSPACE with a GF Score™ of 80/100 and a GF Value™ of ₹488.12 (Fairly Valued). The stock has 7 warning signs investors should review.

Selling, general, & admin. expense (SGA) includes the direct and indirect costs and all general and administrative expenses of a company. Mindspace Business Parks REIT's selling, general, & admin. expense for the three months ended in Mar. 2026 was ₹264 Mil. Its selling, general, & admin. expense for the trailing twelve months (TTM) ended in Mar. 2026 was ₹1,001 Mil.


Mindspace Business Parks REIT  (NSE:MINDSPACE) Selling, General, & Admin. Expense Explanation

An efficient operation keeps SGA costs low and thus has higher profit margin. The percentage of SGA relative to total revenue is an indication of how efficiently the company operates. Compare this percentage among the companies in the same industry is a good way of finding more efficient operations. A comparison of the SGA cost relative to the revenue with the historical value can also be an indication of how efficient the company has become.

Warren Buffett likes companies with consistent SGA as the percentage of gross profit.

Companies with no durable competitive advantage show wild variation in SG&A as % of Gross Profit.

If SGA is less than 30% of Gross Profit, it is fantastic. If SGA is nearing 100%, it is is in highly competitive industry.


Mindspace Business Parks REIT Selling, General, & Admin. Expense Related Terms


Mindspace Business Parks REIT Selling, General, & Admin. Expense Historical Data

* Premium members only.

The historical data trend for Mindspace Business Parks REIT's Selling, General, & Admin. Expense 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 Selling, General, & Admin. Expense Chart

Mindspace Business Parks REIT Annual Data
Trend Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Selling, General, & Admin. Expense
Get a 7-Day Free Trial Premium Member Only 244.00 356.00 668.30 874.79 1,000.98

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
Selling, General, & Admin. Expense 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 286.31 222.06 252.72 262.26 263.94

NSE:MINDSPACE vs BXP, ARE, VNO: Selling, General, & Admin. Expense Comparison

For the REIT - Office subindustry, Mindspace Business Parks REIT's Selling, General, & Admin. Expense, along with its competitors' market caps and Selling, General, & Admin. Expense 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 Selling, General, & Admin. Expense vs REITs Industry

For the REITs industry and Real Estate sector, Mindspace Business Parks REIT's Selling, General, & Admin. Expense distribution charts can be found below:

* The bar in red indicates where Mindspace Business Parks REIT's Selling, General, & Admin. Expense falls into.


NSE:MINDSPACE
80GF Score
Mindspace Business Parks REIT NSE:MINDSPACE
Selling, General, & Admin. Expense is just one metric. See GF Score™, valuation, warning signs, and more.
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Mindspace Business Parks REIT Selling, General, & Admin. Expense Calculation

Selling, General, & Admin. Expense (SGA) includes the direct and indirect costs and all general and administrative expenses of a company. For instance, personnel cost, advertising, rent, communication costs are all part of SGA.

Selling, General, & Admin. Expense 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 ₹1,001 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.

What does a Selling, General, & Admin. Expense of ₹1,001 Mil mean?
Mindspace Business Parks REIT (NSE:MINDSPACE) has a Selling, General, & Admin. Expense of ₹1,001 Mil as of Mar. 2026. Selling, general and admin expense is the total cost for direct, indirect, general and administrative activities. View historical data on Mindspace Business Parks REIT and its competitors.
Is Mindspace Business Parks REIT's Selling, General, & Admin. Expense too high?
Mindspace Business Parks REIT's current Selling, General, & Admin. Expense is ₹1,001 Mil. Overall, Mindspace Business Parks REIT has a GF Score™ of 80/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Mindspace Business Parks REIT's Selling, General, & Admin. Expense compare to BXP and ARE?
Mindspace Business Parks REIT's Selling, General, & Admin. Expense of ₹1,001 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 Selling, General, & Admin. Expense for a REITs company?
A good Selling, General, & Admin. Expense depends on the REITs industry context. However, Selling, General, & Admin. Expense 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 Selling, General, & Admin. Expense mean?
A high Selling, General, & Admin. Expense can signal that a stock is expensive relative to its fundamentals. Selling, general and admin expense is the total cost for direct, indirect, general and administrative activities. View historical data on Mindspace Business Parks REIT and its competitors. Mindspace Business Parks REIT's current Selling, General, & Admin. Expense is ₹1,001 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 ₹488.12, compared to a current price of ₹484.59 — trading 0.7% below its estimated fair value. The current Selling, General, & Admin. Expense is ₹1,001 Mil. Mindspace Business Parks REIT's overall GF Score™ is 80/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Selling, General, & Admin. Expense calculated?
Selling, General, & Admin. Expense is calculated from a company's financial statements. For Mindspace Business Parks REIT (NSE:MINDSPACE), the current Selling, General, & Admin. Expense is ₹1,001 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 ₹484.59 is trading 0.7% below its estimated GF Value™ of ₹488.12. GuruFocus considers Mindspace Business Parks REIT to be Fairly Valued.

Key valuation signals for NSE:MINDSPACE:

  • Selling, General, & Admin. Expense: ₹1,001 Mil
  • GF Value™: ₹488.12 vs. price of ₹484.59 (0.7% below fair value)
  • GF Score™: 80/100 with 7 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.
80GF Score

Get the complete analysis for NSE:MINDSPACE

Selling, General, & Admin. Expense is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₹484.59
Price
₹488.12
GF Value