Embassy Office Parks Reit
"EOPR is India’s first publicly listed REIT, sponsored by Embassy Property Development Pvt Ltd. As on December 31, 2023. EOPR (market cap: ~₹35,000 crore) has a 45.4 msf portfolio of eight infrastructure, including office parks and four city centre o...
Key Metrics
EPS
10.17
Current ratio
0.25
Debt/Equity
1.03
Debt/EBITDA
15.06
Interest coverage ratio
0.50
Operating Cashflow to total debt
0.14
Financials
Pros & Cons
Exclusive on TAP Bonds
Here's what we like about this company and potential risks we have identified.
Pros
Satisfactory debt protection metrics
Stable revenue of SPVs held by the REIT
Strong tenant profile with a well-diversified portfolio
Liquidity: Superior
Cons
Susceptibility to volatility in the real estate sector
Exposure to refinancing risks
Net debt/GAV of more than 35%.
Consolidated net debt/EBITDA2 of more than 5.5x
Disclaimer: Tap Bonds gathers data directly from the respective OBPP websites but does not guarantee its accuracy. We do not offer investment advice or endorse the purchase of any securities mentioned, nor do we warrant the reliability of the information collected.
About Embassy Office Parks Reit bond.
This comprehensive profile covers key factual information about Embassy Office Parks Reit. "EOPR is India’s first publicly listed REIT, sponsored by Embassy Property Development Pvt Ltd. As on December 31, 2023. EOPR (market cap: ~₹35,000 crore) has a 45.4 msf portfolio of eight infrastructure, including office parks and four city centre office buildings in Bengaluru, Pune, Mumbai, and the NCR. EOPR’s portfolio comprises 35.8 msf completed operating area, with an occupancy of 84% as on December 31, 2023. The portfolio also comprises a 1,096-key operational business hotel, a 518-key under-construction hotel, and a 100-MW solar park supplying renewable energy to park occupiers."conglomerate – the TATA Group. The company was founded by Jamshedji Tata, the founder of the TATA Group. The company was established as India’s first integrated steel company, incorporated in 1907. Over the years, it has grown substantially through organic as well as inorganic ways. TSL has a global crude steel capacity of ~35 MTPA, of which 21.6 MTPA is domestic capacity. The company has a successful track record of acquisition by Bhushan Steel Limited in FY19, the steel business of Usha Martin Limited during FY20, and Neelanchal Ispat Nigam Limited during FY23. EPS in Mar-2024 was 10.17. Current ratio in Mar-2024 was 0.25. Debt/Equity in Mar-2024 was 1.03. Debt/EBITDA in Mar-2024 was 15.06. Interest coverage ratio in Mar-2024 was 0.50. Operating Cashflow to total debt in Mar-2024 was 0.14. Total revenue for Mar-2025 (E) was ₹4,312.62. Net income for Mar-2025 (E) stood at ₹1,420.86. Total assets as of Mar-2024 were ₹47359.65. Operating cash flow for Mar-2024 was ₹2,590.90. Peers and comparison entities consist of Embassy Office Parks Reit, DLF Limited, Macrotech Developers Limited, Godrej Properties Limited. As of Sep 2024, promoters hold 7.69% while others hold N/A% of equity. Key strengths include: Satisfactory debt protection metrics; Stable revenue of SPVs held by the REIT; Strong tenant profile with a well-diversified portfolio; Liquidity: Superior. Key risks include: Susceptibility to volatility in the real estate sector; Exposure to refinancing risks; Net debt/GAV of more than 35%.; Consolidated net debt/EBITDA2 of more than 5.5x. Leadership team details include Jitendra Virwani (Chairman and Managing Director of the Embassy Group of Companies), Aravind Maiya (Former CEO of Embassy REIT), Ritwik Bhattacharjee (Interim CEO of Embassy REIT), Abhishek Agrawal (Chief Financial Officer), Rajendran Subramaniam (Head of Projects and Capex), Raghu Sapra (Head of Hospitality), Rishad Pandole (Co-Head of Commercial and Leasing), Donnie Dominic George (General Manager), Tuhin Parikh (Non-Executive Director), Robert Christopher Heady (Non-Executive Director), Aditya Virwani (Non-Executive Director). This detailed corporate overview is structured to provide a thorough understanding of all available data points, enhance search visibility, and support investor analysis.