Price
Financials
Consolidated, Rs crore| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 926 | 966 | 981 | 934 | 997 | 1,022 | 1,086 | 1,060 | 1,124 | 1,193 | 1,205 | 1,241 |
| Operating costs | 220 | 228 | 234 | 230 | 370 | 258 | 776 | 239 | 256 | 277 | 302 | 282 |
| EBITDA | 706 | 738 | 747 | 704 | 628 | 763 | 310 | 821 | 868 | 917 | 903 | 959 |
| EBITDA margin % | 76% | 76% | 76% | 75% | 63% | 75% | 29% | 77% | 77% | 77% | 75% | 77% |
| Depreciation & amortisation | 236 | 252 | 168 | 266 | 278 | 295 | 302 | 290 | 296 | 291 | 390 | 309 |
| Finance costs | 262 | 278 | 292 | 309 | 328 | 344 | 347 | 372 | 384 | 365 | 374 | 400 |
| Non-operating income | 32 | 45 | 42 | 71 | 84 | 58 | 44 | 48 | 64 | 228 | 46 | 50 |
| Pre-tax profit | 240 | 253 | 328 | 200 | 106 | 182 | -295 | 207 | 252 | 489 | 185 | 300 |
| Effective tax rate % | 10% | 9% | 14% | 11% | -1,348% | 13% | -18% | 25% | 8% | 22% | 333% | 35% |
| Profit after tax | 217 | 230 | 283 | 179 | 1,530 | 158 | -243 | 155 | 232 | 381 | -430 | 195 |
| Earnings per share (Rs) | 2.29 | 2.43 | 2.99 | 1.89 | 16.14 | 1.67 | -2.56 | 1.64 | 2.45 | 4.02 | -4.54 | 2.06 |
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 0 | 2,193 | 2,457 | 3,053 | 3,532 | 3,816 | 4,039 | 4,582 | 4,763 |
| Operating costs | 9 | 655 | 602 | 663 | 874 | 915 | 989 | 1,073 | 1,116 |
| EBITDA | -9 | 1,538 | 1,855 | 2,390 | 2,658 | 2,901 | 3,050 | 3,509 | 3,647 |
| EBITDA margin % | 70% | 75% | 78% | 75% | 76% | 76% | 77% | 77% | |
| Depreciation & amortisation | 0 | 528 | 571 | 796 | 1,128 | 885 | 1,783 | 1,266 | 1,286 |
| Finance costs | 0 | 382 | 645 | 829 | 976 | 1,087 | 1,329 | 1,495 | 1,523 |
| Non-operating income | 0 | 168 | 115 | 132 | 109 | 161 | 255 | 385 | 388 |
| Pre-tax profit | -9 | 796 | 754 | 896 | 662 | 1,089 | 193 | 1,134 | 1,226 |
| Effective tax rate % | 0% | 4% | 7% | 1% | 24% | 11% | -742% | 70% | |
| Profit after tax | -9 | 766 | 698 | 888 | 506 | 964 | 1,624 | 339 | 379 |
| Earnings per share (Rs) | -0.12 | 9.92 | 7.37 | 9.37 | 5.34 | 10.17 | 17.14 | 3.57 | 3.99 |
| Paid out as dividend % | 0% | 243% | 296% | 235% | 412% | 213% | 136% | 2,150% |
| 10 Years | 5 Years | 3 Years | TTM | 1 Year | Last Year | |
|---|---|---|---|---|---|---|
| Revenue CAGR | % | 13% | 9% | 14% | ||
| Profit CAGR | % | -17% | -18% | -85% | ||
| Share price CAGR | % | 5% | 13% | 4% | ||
| Average return on equity | % | 4% | 4% | 1% |
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| Net block (property, plant) | 26,756 | 27,007 | 37,428 | 38,878 | 38,466 | 39,921 | 41,792 | 43,233 |
| Capital work in progress | 502 | 411 | 1,371 | 710 | 1,267 | 1,804 | 2,086 | 1,652 |
| Investments | 2,552 | 3,636 | 2,412 | 2,363 | 3,124 | 2,964 | 3,020 | 2,928 |
| Current & other assets | 6,885 | 2,436 | 3,868 | 3,235 | 3,543 | 2,671 | 2,038 | 2,569 |
| Total assets | 36,695 | 33,490 | 45,079 | 45,187 | 46,400 | 47,360 | 48,936 | 50,382 |
| Share capital | 22,904 | 22,912 | 28,826 | 28,826 | 28,826 | 28,826 | 28,826 | 28,826 |
| Reserves & surplus | -9 | -594 | -1,733 | -2,940 | -4,458 | -5,552 | -6,065 | -8,046 |
| Total debt | 7,847 | 5,746 | 10,656 | 12,136 | 14,842 | 16,959 | 19,957 | 22,535 |
| Other liabilities & provisions | 5,953 | 5,426 | 7,331 | 7,164 | 7,190 | 7,126 | 6,217 | 7,067 |
| Equity + liabilities | 36,695 | 33,490 | 45,079 | 45,187 | 46,400 | 47,360 | 48,936 | 50,382 |
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| Operating cash flow | 3 | 1,696 | 1,870 | 2,367 | 2,566 | 2,591 | 3,079 | 3,522 |
| Investing cash flow | 211 | -2,148 | -3,041 | -1,182 | -1,468 | -1,180 | -1,635 | -1,649 |
| Free cash flow (after capex) | 3 | 512 | 1,103 | 966 | 1,473 | 976 | 1,332 | 2,200 |
| Financing cash flow | 4,747 | -4,197 | 1,777 | -1,514 | -869 | -1,217 | -1,792 | -1,567 |
| Net change in cash | 4,961 | -4,650 | 606 | -329 | 229 | 194 | -348 | 307 |
| Cash conversion (OCF / EBITDA) % | -33% | 120% | 104% | 106% | 101% | 93% | 106% | 107% |
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| Return on capital employed % | 4% | 4% | 5% | 4% | 5% | 4% | 6% | |
| Receivable days | 4 | 7 | 7 | 5 | 3 | 7 | 8 | |
| Inventory days | ||||||||
| Payable days | ||||||||
| Cash cycle (days) | 4 | 7 | 7 | 5 | 3 | 7 | 8 | |
| Working capital days | -176 | -152 | -150 | -585 | -473 | -641 | -533 |
Fundamentals
Market value₹ 41,490 Cr.
Last price₹ 438
P/E (trailing)169
Book value / share₹ 219
Return on capital5.61 %
Return on equity1.26 %
Dividend yield0.05 %
Face value₹ 10.0
Revenue CAGR (TTM)14%
Profit CAGR (TTM)-85%
Consolidated figures.
Valuation
Market capRs 40,637 Cr
Enterprise valueRs 56,570 Cr
P/E (TTM)107.34x
Price to book1.75x
Price to sales8.53x
EV / EBITDA14.02x
EV / EBIT20.57x
EV / sales11.88x
Price to cash flow15.68x
Earnings yield0.93%
Dividend yield5.04%
P/E, 3-year average44.83x
P/B, 3-year average1.36x
P/E, 5-year average42.80x
P/B, 5-year average1.29x
Profitability
Operating margin (excl. other income)76.02%
Operating margin (incl. other income)80.24%
EBITDA margin84.71%
Pre-tax margin25.74%
Net profit margin7.95%
Net margin, latest quarter15.73%
ROE4.05%
ROCE5.48%
ROA2.06%
ROE, 3-year average3.14%
ROCE, 3-year average4.76%
ROA, 3-year average1.71%
ROE, 5-year average3.13%
ROCE, 5-year average4.51%
ROA, 5-year average1.82%
ROIC (approx.)6.21%
Tax rate11.48%
Other income / net worth0.69%
Growth
Sales growth (latest year)8.04%
Profit growth (latest year)90.53%
Sales CAGR, 3 years15.80%
Profit CAGR, 3 years11.35%
Sales growth QoQ3.00%
Sales growth YoY (latest quarter)17.08%
Profit growth YoY (latest quarter)25.81%
Per share
EPS (TTM)Rs 3.99
EPS (latest year)Rs 10.17
EPS (latest quarter)Rs 2.06
EPS, 3-year averageRs 8.29
EPS, 5-year averageRs 8.43
Book value per shareRs 245.53
Sales per shareRs 50.25
Cash flow per shareRs 27.33
Dividend per share (latest year)Rs 21.62
Dividend per share, 3-year averageRs 21.90
Dividend per share, 5-year averageRs 22.32
Dividends
Dividend payout212.60%
Dividend payout, 3-year average286.78%
Dividend payout, 5-year average279.84%
Efficiency
Asset turnover0.08x
Fixed asset turnover0.10x
Inventory turnover111.27x
Inventory days3 days
Debtor days3 days
Debtors turnover109.74x
Leverage
Total debtRs 16,959 Cr
Cash and bankRs 1,027 Cr
Net debtRs 15,932 Cr
Debt to equity0.73x
Net debt / EBITDA3.95x
Interest coverage1.80x
Owners' fund to total sources49.14%
Debt to assets35.81%
Cash flow
Operating cash flow (latest year)Rs 2,591 Cr
Investing cash flow (latest year)Rs -1,180 Cr
Financing cash flow (latest year)Rs -1,217 Cr
Net change in cash (latest year)Rs 194 Cr
Sales to cash flow1.47x
Statement figures
Net sales (TTM)Rs 4,763 Cr
Net sales (latest year)Rs 3,816 Cr
Sales (latest quarter)Rs 1,241 Cr
Operating profit excl. other income (latest year)Rs 2,901 Cr
Operating profit (latest quarter)Rs 959 Cr
Other income (TTM)Rs 388 Cr
EBITDA (TTM)Rs 4,035 Cr
PBDT (TTM)Rs 2,512 Cr
Profit before tax (TTM)Rs 1,226 Cr
Tax (latest year)Rs 125 Cr
Net profit (TTM)Rs 379 Cr
Net profit (latest year)Rs 964 Cr
Net profit (latest quarter)Rs 195 Cr
Depreciation (TTM)Rs 1,286 Cr
Depreciation (latest quarter)Rs 309 Cr
Interest (TTM)Rs 1,523 Cr
Cost of goods sold (latest year)Rs 566 Cr
Total expenditure (latest year)Rs 915 Cr
Total income (latest year)Rs 3,977 Cr
Share capitalRs 28,826 Cr
ReservesRs -5,552 Cr
Shareholders' fundsRs 23,274 Cr
Total assetsRs 47,360 Cr
Net blockRs 39,921 Cr
Capital work in progressRs 1,804 Cr
InvestmentsRs 2,964 Cr
ReceivablesRs 35 Cr
InventoryRs 5 Cr
Other liabilitiesRs 7,126 Cr
Shares outstanding (crore)94.79
Computed by MarketFriction from the consolidated statements. Returns use average balances.
P/E 107.3 is at the 83th percentile of its own 4.4-year range
(median 41.7, low 16.1, high 136.4).
P/B 1.75 is at the 92th percentile (median 1.43).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
| Period | EMBASSY | Nifty 50 | Difference |
|---|---|---|---|
| 1 week | -2.5% | -2.8% | +0.3 pts |
| 1 month | -2.2% | -6.8% | +4.6 pts |
| 3 months | -2.2% | -7.6% | +5.4 pts |
| 3 years | +42.5% | +14.2% | +28.4 pts |
| 5 years | +25.9% | +27.9% | -2.0 pts |
Red flags
F-score 7 of 8No red flags in the latest statements and filings.
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.
Latest quarter
Jun 2026Sales ₹1,241 Cr +17.1% vs Jun 2025.
Net profit ₹195 Cr +25.8%.
Against our estimate for Jun 2026: sales +2.8%, profit -8.4% in line. Our estimate for Sep 2026: sales Rs 1,282 Cr, profit Rs 233 Cr (how).
Activity
Compare| Company | Mcap (Cr) | P/E | ROCE |
|---|---|---|---|
| Knowledge Realty Trust | 50,348 | 80.3 | 5.22 % |
| Bagmane Prime Office REIT | 36,145 | 0.00 % | |
| Mindspace Business Parks REIT | 32,824 | 42.1 | 7.64 % |
| Brookfield India Real Estate Trust | 27,706 | 51.6 | 5.36 % |
| Nexus Select Trust | 24,952 | 56.7 | 5.83 % |
| Property Share Investment Trust- Propshare Titania | 491 | 846 | 5.09 % |
| Property Share Investment Trust-Propshare Celestia | 233 | % |
No bulk or block deals on record.
| Ex-date | Action | Factor |
|---|---|---|
| 2026-08-04 | Distribution - Rs 6.31 Per Unit Consisting Of Re 0.37 Per Unit As Interest/ Re 0.80 Per Unit As Dividend/ Rs 5.14 Per Unit As Repayment Of Spv Level Debt | |
| 2026-04-30 | Distribution - Rs 6.50 Per Unit Consisting Of Re 0.14 Per Unit As Interest/ Rs 1.39 Per Unit As Dividend/ Rs 4.97 Per Unit As Repayment Of Spv Level Debt | |
| 2026-02-11 | Distribution - Rs 6.47 Per Unit Consisting Of Re 0.66 Per Unit As Interest/ Re 0.71 Per Unit As Dividend/ Rs 5.10 Per Unit As Repayment Of Spv Level Debt | |
| 2025-11-07 | Distribution - Rs 6.51 Per Unit Comprises Of Re 0.66 Per Unit As Interest/ Rs 1.97 Per Unit As Dividend & Rs 3.88 Per Unit As Repayment Of Spv Level Debt | |
| 2025-08-05 | Distribution - Rs 5.80 Per Unit Comprises Of Re 0.18 Per Unit As Interest/ Rs 2.01 Per Unit As Dividend & Rs 3.61 Per Unit As Repayment Of Spv Level Debt | |
| 2025-05-02 | Distribution - Rs 5.68 Per Unit Comprises Of Re 0.27 Per Unit As Interest And Rs 3.71 Per Unit As Repayment Of Spv Level Debt And Rs 1.70 As Dividend | |
| 2025-01-31 | Distribution - Rs 5.90 Per Unit Comprises Of Re 0.52 Per Unit As Interest And Rs 3.01 Per Unit As Repayment Of Spv Level Debt And Rs 2.37 As Dividend | |
| 2024-10-29 | Distribution - Rs 5.83 Per Unit Consists Of Interst Amount - Re 0.93 Per Unit/Dividend - Rs 1.25 Per Unit/ Repayment Of Debt - Rs 3.65 Per Unit | |
| 2024-08-02 | Distribution - Rs 5.60 Per Unit Consists Of Interst Amount - Re 0.85 Per Unit/Dividend - Rs 1.56 Per Unit/ Repayment Of Debt - Rs 3.19 Per Unit | |
| 2024-05-06 | Distribution - Rs 5.22 Per Unit Consists Of Interst Amount - Rs 1.35 Per Unit/Dividend - Rs 1.04 Per Unit/ Repayment Of Spv Level Debt - Rs 2.83 Per Unit | |
| 2024-02-12 | Distribution - Rs 5.20 Per Unit Consists Of Interst Amount - Rs 1.28 Per Unit/Dividend - Rs 1.54 Per Unit/ Repayment Of Spv Level Debt - Rs 2.38 Per Unit | |
| 2023-11-03 | Distribution - Rs 5.53 Per Unit Consists Of Interst Amount - Rs 1.21 Per Unit/Dividend - Rs 2.30 Per Unit/ Repayment Of Spv Level Debt - Rs 2.02 Per Unit | |
| 2023-08-03 | Interst Amount - Re 0.69 Per Unit/Dividend - Rs 2.38 Per Unit/ Repayment Of Spv Level Debt - Rs 2.30 Per Unit/ Other Income - Re 0.01 Per Unit | |
| 2023-05-04 | Dividend - Rs 2.81 Per Unit/Interst Amount - Re 0.86 Per Unit/Repayment Of Spv Level Debt - Rs 1.94 Per Unit | |
| 2023-02-03 | Dividend - Rs 2.23 Per Unit/Interst Amount - Re 0.69 Per Unit/Proceeds Of Amortization - Rs 2.39 Per Unit | |
| 2022-10-31 | Dividend - Rs 2.20 Per Unit/Interest Amount - Re 0.86 Per Unit/Repayment Of Spv Debt - Rs 2.40 Per Unit | |
| 2022-07-28 | Dividend - Rs 2.83 Per Unit/Interest Amount - Rs 0.65 Per Unit/Repayment Of Spv Debt - Rs 1.85 Per Unit | |
| 2022-05-06 | Interest Amount - Rs 0.70 Per Unit/ Dividend - Rs 2.25 Per Unit/Proceeds Of Amortization - Rs 2.31 Per Unit | |
| 2022-02-04 | Distribution | |
| 2021-11-09 | Dividend - Rs 2.54 Per Unit/Interest Amount - Rs 1.14 Per Unit/ Proceeds - 1.98 Per Unit | |
| 2021-08-04 | Dividend - Rs 2.51 Per Unit/ Interest Rs 1.13 Per Unit/ Return On Capital Rs - 2 Per Unit | |
| 2021-05-06 | Interest - Rs 1.24/Return On Capital - Rs 2.15/Dividend - Rs 2.21 Per Unit | |
| 2021-02-18 | Interest - Rs 2.03/Return On Capital - Rs 2.50/Dividend - Rs 0.02 Per Unit/ | |
| 2020-11-09 | Interest - Rs 1.90/Return On Capital - Rs 3.18/Dividend - Rs 0.42 Per Unit | |
| 2020-08-13 | Interest -Rs 2.14/Return On Capital -Rs 3.33/Dividend -Re 0.36 Per Unit | |
| 2020-05-27 | Distribution - Rs 6.89 Per Unit | |
| 2020-02-20 | Distribution - Rs 6.10 Per Unit | |
| 2019-11-18 | Distribution | |
| 2019-08-20 | Distribution |
No announcements in our files yet.
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Not on any NSE surveillance list in the latest file.
Quick answers
What is the market cap of Embassy Office Parks REIT?
Embassy Office Parks REIT (EMBASSY) has a market capitalisation of Rs 41,490 Cr. at the 2026-10-01 close.
What is the P/E ratio of Embassy Office Parks REIT?
Embassy Office Parks REIT trades at a P/E of 169 on trailing twelve-month profit, at the 2026-10-01 close.
What were Embassy Office Parks REIT's latest quarterly results?
In the Jun 2026 quarter, Embassy Office Parks REIT sales was Rs 1,241 Cr (+17.1% vs Jun 2025) and net profit was Rs 195 Cr.
What is the 52-week high and low of Embassy Office Parks REIT?
The 52-week high is Rs 462.00 and the 52-week low is Rs 410.15.