BROOKFIELD INDIA REAL ESTATE TRUST |
Delayed
Other stock markets
|
5-day change | 1st Jan Change | ||
| 266.5 INR | +1.87% |
|
+2.90% | +13.20% |
| May. 16 | Brookfield India REIT to buy 50% stake in four Bharti Enterprises assets | RE |
| May. 16 | Brookfield India REIT Reportedly Set to Buy Bharti's Nearly 50% Stake in Realty JV | CI |
Valuation
| Fiscal Period: March | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|---|---|---|
| Capitalization 1 | 67,588 | 100,087 | 93,767 | 111,835 | 114,865 | - | - |
| Enterprise Value (EV) 1 | 85,546 | 149,192 | 146,271 | 111,835 | 251,803 | 254,195 | 239,059 |
| P/E ratio | 34.9 x | 39.3 x | 71.4 x | 432 x | 30.9 x | 22.6 x | 25.3 x |
| Yield | - | 7.06% | 7.22% | - | 7.45% | 8.13% | 8.83% |
| Capitalization / Revenue | 7.83 x | 11.4 x | 7.83 x | 6.28 x | 4.88 x | 4.38 x | 4 x |
| EV / Revenue | 9.91 x | 17 x | 12.2 x | 6.28 x | 10.7 x | 9.69 x | 8.33 x |
| EV / EBITDA | 65.2 x | 24.1 x | 17.9 x | 8.92 x | 14.5 x | 13.1 x | 11.3 x |
| EV / FCF | 40.8 x | 29 x | 17.7 x | - | 15.6 x | 15.9 x | 13.9 x |
| FCF Yield | 2.45% | 3.45% | 5.66% | - | 6.42% | 6.3% | 7.21% |
| Price to Book | 0.82 x | 1.18 x | 1.13 x | - | 1.06 x | 1.09 x | 1.32 x |
| Nbr of stocks (in thousands) | 302,802 | 319,623 | 335,087 | 439,085 | 439,085 | - | - |
| Reference price 2 | 223.2 | 313.1 | 279.8 | 254.7 | 261.6 | 261.6 | 261.6 |
| Announcement Date | 5/20/21 | 5/18/22 | 5/24/23 | 5/16/24 | - | - | - |
1INR in Million2INR
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: March | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 9,567 | 8,628 | 8,768 | 11,970 | 17,805 | 23,554 | 26,219 | 28,707 |
| EBITDA 1 | - | 1,312 | 6,183 | 8,156 | 12,532 | 17,328 | 19,347 | 21,121 |
| EBIT 1 | - | 837.8 | 4,098 | 5,404 | 8,421 | 12,438 | 14,162 | 15,837 |
| Operating Margin | - | 9.71% | 46.74% | 45.14% | 47.3% | 52.8% | 54.02% | 55.17% |
| Earnings before Tax (EBT) 1 | - | - | 2,242 | 1,404 | 644.6 | 3,239 | 5,279 | 6,262 |
| Net income 1 | 151.2 | 379.6 | 2,463 | 1,312 | 236 | 3,369 | 4,454 | 4,005 |
| Net margin | 1.58% | 4.4% | 28.09% | 10.96% | 1.33% | 14.3% | 16.99% | 13.95% |
| EPS 2 | - | 6.390 | 7.970 | 3.920 | 0.5900 | 8.464 | 11.56 | 10.32 |
| Free Cash Flow 1 | - | 2,094 | 5,144 | 8,279 | - | 16,170 | 16,020 | 17,240 |
| FCF margin | - | 24.27% | 58.66% | 69.16% | - | 68.65% | 61.1% | 60.05% |
| FCF Conversion (EBITDA) | - | 159.59% | 83.19% | 101.51% | - | 93.31% | 82.81% | 81.62% |
| FCF Conversion (Net income) | - | 551.79% | 208.85% | 630.83% | - | 480.03% | 359.71% | 430.46% |
| Dividend per Share 2 | - | - | 22.10 | 20.20 | - | 19.50 | 21.27 | 23.10 |
| Announcement Date | 9/29/20 | 5/20/21 | 5/18/22 | 5/24/23 | 5/16/24 | - | - | - |
1INR in Million2INR
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: March | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 S1 | 2023 Q3 | 2023 Q4 | 2024 Q1 | 2024 Q2 | 2024 Q3 | 2024 Q4 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 1,951 | 2,509 | 2,910 | - | - | 2,999 | 3,024 | - | 3,997 | 5,308 | 5,359 |
| EBITDA 1 | 1,386 | 1,747 | 2,010 | 2,065 | 4,075 | 2,012 | 2,069 | - | 2,689 | 3,770 | 3,961 |
| EBIT 1 | 894.2 | 1,082 | 1,319 | - | - | 1,293 | 1,364 | - | 1,851 | 2,720 | 2,936 |
| Operating Margin | 45.84% | 43.12% | 45.33% | - | - | 43.12% | 45.1% | - | 46.31% | 51.25% | 54.79% |
| Earnings before Tax (EBT) 1 | 511.6 | 385.8 | 457.9 | 425.4 | - | 250.1 | 270.5 | - | 196.8 | 297.6 | 371.9 |
| Net income 1 | 596.9 | 444.8 | 471.4 | 267.1 | 738.6 | 246.8 | 326.9 | -270 | 19.58 | 165.7 | 145.6 |
| Net margin | 30.59% | 17.73% | 16.2% | - | - | 8.23% | 10.81% | - | 0.49% | 3.12% | 2.72% |
| EPS 2 | 1.970 | 1.360 | 1.410 | - | - | - | 0.9800 | -0.8100 | - | 0.6300 | 0.3300 |
| Dividend per Share | - | - | - | - | - | - | - | - | 4.400 | - | - |
| Announcement Date | 2/11/22 | 5/18/22 | 8/8/22 | 11/9/22 | 11/9/22 | 2/9/23 | 5/24/23 | 8/14/23 | 11/6/23 | 2/12/24 | 5/16/24 |
1INR in Million2INR
Estimates
Balance Sheet Analysis
| Fiscal Period: March | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | - | 17,958 | 49,105 | 52,504 | - | 136,938 | 139,330 | 124,194 |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | - | 13.68 x | 7.942 x | 6.438 x | - | 7.903 x | 7.202 x | 5.88 x |
| Free Cash Flow 1 | - | 2,094 | 5,144 | 8,279 | - | 16,170 | 16,020 | 17,240 |
| ROE (net income / shareholders' equity) | - | - | 2.88% | 1.53% | - | 3.16% | 3.91% | 4.33% |
| ROA (Net income/ Total Assets) | - | 0.64% | 1.91% | 0.89% | - | - | - | - |
| Assets 1 | - | 59,305 | 128,905 | 147,121 | - | - | - | - |
| Book Value Per Share 2 | - | 271.0 | 265.0 | 249.0 | - | 247.0 | 240.0 | 198.0 |
| Cash Flow per Share 2 | - | 35.20 | 19.60 | 27.50 | - | 44.90 | 46.20 | - |
| Capex 1 | - | - | 916 | 940 | - | 1,662 | 2,254 | 796 |
| Capex / Sales | - | - | 10.44% | 7.85% | - | 7.05% | 8.6% | 2.77% |
| Announcement Date | 9/29/20 | 5/20/21 | 5/18/22 | 5/24/23 | 5/16/24 | - | - | - |
1INR in Million2INR
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
C+
Sell
Buy
Mean consensus
BUY
Number of Analysts
14
Last Close Price
261.6
INR
Average target price
306.2
INR
Spread / Average Target
+17.06%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +13.20% | 1.38B | |
| -14.55% | 9.42B | |
| -6.71% | 6.22B | |
| -13.93% | 4.76B | |
| -14.04% | 4.61B | |
| +11.07% | 4.1B | |
| -6.78% | 3.97B | |
| -19.98% | 3.74B | |
| -5.50% | 3.6B | |
| +23.02% | 3.6B |
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