Equinox India Developments Limited
"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
-19.20
Current ratio
2.04
Debt/Equity
1.14
Debt/EBITDA
-5.90
Interest coverage ratio
-0.01
Operating Cashflow to total debt
-0.04
Financials
Pros & Cons
Exclusive on TAP Bonds
Here's what we like about this company and potential risks we have identified.
Pros
Experienced management team
Reduced inventory with improved cash flow and revenue growth on a consistent basis will lead to positive rating action.
Improving capital Structure
Availability of Land Bank and Unsold Inventory
Liquidity –Adequate
Cons
Any significant time & cost overrun in its ongoing projects
Slower than expected sales
High Dependence on Customer Advances
Cyclical Nature of Industry; Subject to Regulations
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About Equinox India Developments Limited bond.
This comprehensive profile covers key factual information about Equinox India Developments Limited. "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 -19.20. Current ratio in Mar-2024 was 2.04. Debt/Equity in Mar-2024 was 1.14. Debt/EBITDA in Mar-2024 was -5.90. Interest coverage ratio in Mar-2024 was -0.01. Operating Cashflow to total debt in Mar-2024 was -0.04. Total revenue for Mar-2025 (E) was ₹289.52. Net income for Mar-2025 (E) stood at ₹-1467.74. Total assets as of Mar-2024 were ₹5,914.56. Operating cash flow for Mar-2024 was ₹-97.28. Peers and comparison entities consist of Equinox India Developments Limited, DLF Limited, Macrotech Developers Limited, Godrej Properties Limited. As of Jan 2025, promoters hold N/A% while others hold N/A% of equity. Key strengths include: Experienced management team; Reduced inventory with improved cash flow and revenue growth on a consistent basis will lead to positive rating action.; Improving capital Structure; Availability of Land Bank and Unsold Inventory; Liquidity –Adequate. Key risks include: Any significant time & cost overrun in its ongoing projects; Slower than expected sales; High Dependence on Customer Advances; Cyclical Nature of Industry; Subject to Regulations. Leadership team details include Chandra Shekher Joshi (Company Secretary & Compliance Officer), Javed Tapia (Independent Director), K G Krishnamurthy (Chairman(NonExecutive &Independent Director)), Manish Kumar Sinha (Chief Financial Officer), Praveen Kumar Tripathi (Independent Director), Sachin Shah (Whole Time Director), Shyamm Mariwala (Independent Director), Tarana Lalwani (Independent Director). This detailed corporate overview is structured to provide a thorough understanding of all available data points, enhance search visibility, and support investor analysis.