Brookfield India Real Estate Trust

NSEI:BIRET Stock Report

Market Cap: ₹136.7b

Brookfield India Real Estate Trust Valuation

Is BIRET undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of BIRET when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: BIRET (₹284.7) is trading below our estimate of fair value (₹571.74)

Significantly Below Fair Value: BIRET is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for BIRET?

Key metric: As BIRET is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for BIRET. This is calculated by dividing BIRET's market cap by their current earnings.
What is BIRET's PE Ratio?
PE Ratio108.9x
Earnings₹1.25b
Market Cap₹136.66b

Price to Earnings Ratio vs Peers

How does BIRET's PE Ratio compare to its peers?

The above table shows the PE ratio for BIRET vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average27.7x
MINDSPACE Mindspace Business Parks REIT
43.8x19.6%₹223.4b
EMBASSY Embassy Office Parks REIT
16x-17.3%₹356.5b
NXST Nexus Select Trust
42.5x18.5%₹213.9b
PGINVIT Powergrid Infrastructure Investment Trust
8.5xn/a₹78.8b
BIRET Brookfield India Real Estate Trust
108.9x44.0%₹136.7b

Price-To-Earnings vs Peers: BIRET is expensive based on its Price-To-Earnings Ratio (108.9x) compared to the peer average (27.7x).

Price to Earnings Ratio vs Industry

How does BIRET's PE Ratio compare vs other companies in the Asian Office REITs Industry?

2 CompaniesPrice / EarningsEstimated GrowthMarket Cap
BIRET 108.9xIndustry Avg. 16.9xNo. of Companies8PE01020304050+
2 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: BIRET is expensive based on its Price-To-Earnings Ratio (108.9x) compared to the Asian Office REITs industry average (16.8x).

Price to Earnings Ratio vs Fair Ratio

What is BIRET's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

BIRET PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio108.9x
Fair PE Ratio42.4x

Price-To-Earnings vs Fair Ratio: BIRET is expensive based on its Price-To-Earnings Ratio (108.9x) compared to the estimated Fair Price-To-Earnings Ratio (42.4x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst BIRET forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current₹284.70
₹319.00
+12.0%
4.3%₹347.00₹290.00n/a13
Nov ’25₹296.72
₹308.92
+4.1%
4.7%₹338.00₹290.00n/a13
Oct ’25₹286.88
₹308.75
+7.6%
4.9%₹338.00₹290.00n/a12
Sep ’25₹266.16
₹308.54
+15.9%
4.6%₹338.00₹290.00n/a13
Aug ’25₹269.96
₹307.00
+13.7%
4.9%₹338.00₹280.00n/a13
Jul ’25₹267.43
₹306.23
+14.5%
4.9%₹338.00₹280.00n/a13
Jun ’25₹260.32
₹306.23
+17.6%
4.9%₹338.00₹280.00n/a13
May ’25₹252.80
₹302.43
+19.6%
6.1%₹338.00₹260.00n/a14
Apr ’25₹259.97
₹302.00
+16.2%
6.2%₹338.00₹260.00n/a14
Mar ’25₹253.14
₹302.00
+19.3%
6.2%₹338.00₹260.00n/a14
Feb ’25₹251.28
₹300.92
+19.8%
8.1%₹355.00₹260.00n/a13
Jan ’25₹239.60
₹301.83
+26.0%
7.8%₹355.00₹260.00n/a12
Dec ’24₹240.72
₹301.46
+25.2%
7.5%₹355.00₹260.00n/a13
Nov ’24₹241.30
₹304.83
+26.3%
6.3%₹355.00₹280.00₹296.7212
Oct ’24₹240.92
₹310.67
+29.0%
6.8%₹355.00₹280.00₹286.8812
Sep ’24₹247.32
₹317.33
+28.3%
6.3%₹355.00₹290.00₹266.1612
Aug ’24₹262.92
₹319.20
+21.4%
7.0%₹355.00₹290.00₹269.9610
Jul ’24₹267.28
₹319.27
+19.5%
6.7%₹355.00₹290.00₹267.4311
Jun ’24₹273.25
₹319.27
+16.8%
6.7%₹355.00₹290.00₹260.3211
May ’24₹275.99
₹326.92
+18.5%
6.1%₹370.00₹290.00₹252.8012
Apr ’24₹279.83
₹326.92
+16.8%
6.1%₹370.00₹290.00₹259.9712
Mar ’24₹269.18
₹324.83
+20.7%
6.1%₹370.00₹290.00₹253.1412
Feb ’24₹285.76
₹328.67
+15.0%
5.7%₹370.00₹290.00₹251.2812
Jan ’24₹288.09
₹329.92
+14.5%
5.9%₹370.00₹290.00₹239.6012
Dec ’23₹289.65
₹329.92
+13.9%
5.9%₹370.00₹290.00₹240.7212
Nov ’23₹314.69
₹331.40
+5.3%
6.5%₹370.00₹285.00₹241.3010

Analyst Forecast: Target price is less than 20% higher than the current share price.

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