Brookfield India Real Estate Trust

NSEI:BIRET Stock Report

Market Cap: ₹132.5b

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 (₹275.66) is trading below our estimate of fair value (₹598.14)

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 Ratio105.4x
Earnings₹1.25b
Market Cap₹132.47b

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 Average27.1x
MINDSPACE Mindspace Business Parks REIT
42x19.6%₹216.1b
EMBASSY Embassy Office Parks REIT
16.1x-17.3%₹356.7b
NXST Nexus Select Trust
41.8x18.5%₹210.5b
PGINVIT Powergrid Infrastructure Investment Trust
8.5xn/a₹79.1b
BIRET Brookfield India Real Estate Trust
105.4x44.0%₹132.5b

Price-To-Earnings vs Peers: BIRET is expensive based on its Price-To-Earnings Ratio (105.4x) compared to the peer average (27.1x).

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 105.4xIndustry Avg. 17.1xNo. of Companies7PE0816243240+
2 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: BIRET is expensive based on its Price-To-Earnings Ratio (105.4x) compared to the Asian Office REITs industry average (17.1x).

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 Ratio105.4x
Fair PE Ratio42.4x

Price-To-Earnings vs Fair Ratio: BIRET is expensive based on its Price-To-Earnings Ratio (105.4x) 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₹275.66
₹319.08
+15.8%
4.3%₹348.00₹290.00n/a13
Dec ’25₹289.06
₹319.08
+10.4%
4.3%₹348.00₹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₹260.00₹289.0613
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

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

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/19 12:12
End of Day Share Price 2024/12/19 00:00
Earnings2024/09/30
Annual Earnings2024/03/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Brookfield India Real Estate Trust is covered by 23 analysts. 12 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Karan KhannaAmbit Capital
Nitin BhasinAmbit Capital
Girish ChoudharyAvendus Spark