Embassy Office Parks REIT Balance Sheet Health
Financial Health criteria checks 0/6
Embassy Office Parks REIT has a total shareholder equity of ₹207.8B and total debt of ₹223.8B, which brings its debt-to-equity ratio to 107.7%. Its total assets and total liabilities are ₹504.0B and ₹296.2B respectively. Embassy Office Parks REIT's EBIT is ₹23.4B making its interest coverage ratio 1.6. It has cash and short-term investments of ₹9.8B.
Key information
107.72%
Debt to equity ratio
₹223.85b
Debt
| Interest coverage ratio | 1.6x |
| Cash | ₹9.80b |
| Equity | ₹207.80b |
| Total liabilities | ₹296.18b |
| Total assets | ₹503.98b |
Recent financial health updates
No updates
Recent updates
Narrative Update • Jun 03
EMBASSY: Planned Refinancing And FY2027 Distribution Outlook Will Support Future Payouts
Analysts have trimmed the price target on Embassy Office Parks REIT slightly from ₹481.35 to ₹479.50, citing updated assumptions around the discount rate, revenue growth, profit margin and future P/E as key inputs to their revised view. What's in the News Embassy Office Parks REIT issued earnings guidance for FY2027, indicating expected NOI in the range of ₹41,500 million to ₹43,500 million.Narrative Update • Apr 27
EMBASSY: Planned Debt Refinancing And Acquisitions Will Support Future Distributions
Analysts have trimmed their price target on Embassy Office Parks REIT slightly to ₹481 from about ₹483. This reflects a modest adjustment to fair value and discount rate assumptions, while keeping revenue growth, profit margin and future P/E expectations broadly unchanged.Narrative Update • Apr 11
EMBASSY: Planned Debt Issues And Acquisitions Will Support Future Distributions
Analysts have trimmed their price target for Embassy Office Parks REIT slightly from ₹484.47 to ₹483.12. This reflects updated assumptions around discount rates, revenue growth, profit margins and future P/E expectations.Narrative Update • Mar 27
EMBASSY: Planned Debt Issue And Acquisitions Will Support Future Returns
Analysts have made a marginal cut to the price target on Embassy Office Parks REIT to about ₹484 from roughly ₹485, reflecting slightly updated assumptions on discount rate, revenue growth, profit margin and future P/E, rather than a major change in view. What's in the News A board meeting is scheduled for February 20, 2026 to consider issuing 140,000 listed, rated, secured, redeemable, transferable, rupee-denominated, non-convertible debentures and the potential use of proceeds for repayment of existing debt and/or capital expenditure at SPVs. (Board Meeting) A board meeting was held on February 06, 2026 to review unaudited standalone and consolidated financial results for the quarter and nine months ended December 31, 2025, and to consider distributions to unitholders for the December 2025 quarter.Narrative Update • Mar 10
EMBASSY: Planned Debt Issue For Acquisitions Will Support Future Returns
Analysts have maintained their fair value estimate for Embassy Office Parks REIT at ₹484.76 per unit. A slightly lower discount rate, along with almost unchanged revenue growth, profit margin and future P/E assumptions, has resulted in only a minimal adjustment to the overall valuation framework.Narrative Update • Feb 22
EMBASSY: Planned Debt Issue For Acquisitions Will Support Future Returns
Analysts have revised their price target for Embassy Office Parks REIT to ₹484.76 from ₹465.32, reflecting updated assumptions on the discount rate, revenue growth, profit margins, and future P/E expectations. What's in the News Board meeting scheduled on Feb 20, 2026, at 14:10 IST to consider issuing 140,000 listed, rated, secured, redeemable, transferable, rupee denominated, non convertible debentures and the use of proceeds for repayment of existing debt and for capital expenditure at Embassy REIT special purpose vehicles (Key Developments).Narrative Update • Feb 06
EMBASSY: Planned Acquisition And Steady Distributions Will Support Balanced Future Returns
Analysts have raised their price target for Embassy Office Parks REIT slightly to ₹465.32 from ₹462.36, citing updated assumptions on discount rate, revenue growth, profit margin and future P/E that remain broadly in line with earlier views. What's in the News Board meeting scheduled for Feb 06, 2026 to review unaudited standalone and consolidated financial results for the quarter and nine months ended Dec 31, 2025, and to consider distributions to unitholders for the Dec 2025 quarter (company event filing).Narrative Update • Jan 23
EMBASSY: Office Acquisitions And Regular Distributions Will Support Balanced Future Returns
Analysts have inched up their price target on Embassy Office Parks REIT from ₹460.42 to ₹462.36, citing small adjustments to profit margin assumptions and a slightly lower future P/E multiple in their updated models. What's in the News A board meeting is scheduled for February 6, 2026 to review unaudited standalone and consolidated financial results for the quarter and nine months ended December 31, 2025, and to consider distributions to unitholders for the December 2025 quarter (Board Meeting).Narrative Update • Jan 06
EMBASSY: Acquisitions And Steady Distributions Will Support Balanced Future Return Profile
Analysts have inched up their price target on Embassy Office Parks REIT to ₹460 from ₹457, citing updated assumptions that combine slightly different revenue growth and discount rate inputs with a marginally higher profit margin and future P/E estimate. What's in the News Embassy Office Parks REIT agreed to acquire a 0.3 msf Grade A office property in Embassy GolfLinks Business Park in Bengaluru, fully leased to a global investment firm, for BDT 8,520 million, in line with its stated focus on disciplined, accretive growth (Key Developments).Narrative Update • Dec 20
EMBASSY: Future Acquisitions And Consistent Distributions Will Support Balanced Return Outlook
Analysts have nudged their price target on Embassy Office Parks REIT slightly higher by roughly ₹4 to about ₹457 per unit. This reflects marginally lower discount rates and a modestly improved view of its long term valuation multiples, despite slightly softer growth and margin assumptions.Narrative Update • Dec 06
EMBASSY: Upcoming Acquisition And Steady Distributions Will Support Future Returns
Narrative Update Analysts have nudged their price target for Embassy Office Parks REIT slightly higher to approximately ₹453 per unit from about ₹452, reflecting modestly improved profit margin expectations that more than offset slightly softer growth and valuation assumptions. What's in the News Entered definitive agreements to acquire a 0.3 msf Grade A office property in Embassy GolfLinks Business Park, fully leased to a leading global investment firm, for an enterprise value of about INR 8,520 million.Narrative Update • Nov 22
EMBASSY: Upcoming Distribution And Rising Margins Will Support Steady Returns
Analysts have raised their price target for Embassy Office Parks REIT from ₹442.06 to ₹452.13, citing marginal improvements in revenue growth projections and profit margins. What's in the News The company has declared a distribution of INR 617 crores, or INR 6.51 per unit, for the second quarter of FY2026 (Key Developments).Narrative Update • Nov 06
EMBASSY: Future Margins And Earnings Will Offset Near-Term Risks
Analysts have raised their price target for Embassy Office Parks REIT from ₹428.13 to ₹442.06, citing improved profit margins and slightly higher revenue growth expectations. What's in the News An upcoming Board Meeting is scheduled for November 5, 2025.
New Narrative • Dec 17
Strong Leasing Growth And Expansion In Bangalore Support Outlook, But Rising Debt Costs And Pune Vacancies Could Limit Earnings
Strong leasing growth and strategic pre-leasing with blue-chip commitments indicate robust demand and future revenue potential for Embassy Office Parks REIT.Analysis Article • Oct 01
Here's Why We Think Embassy Office Parks REIT (NSE:EMBASSY) Is Well Worth Watching
It's common for many investors, especially those who are inexperienced, to buy shares in companies with a good story...Financial Position Analysis
Short Term Liabilities: EMBASSY's short term assets (₹14.7B) do not cover its short term liabilities (₹71.8B).
Long Term Liabilities: EMBASSY's short term assets (₹14.7B) do not cover its long term liabilities (₹224.4B).
Debt to Equity History and Analysis
Debt Level: EMBASSY's net debt to equity ratio (103%) is considered high.
Reducing Debt: EMBASSY's debt to equity ratio has increased from 39.2% to 107.7% over the past 5 years.
Debt Coverage: EMBASSY's debt is not well covered by operating cash flow (15.7%).
Interest Coverage: EMBASSY's interest payments on its debt are not well covered by EBIT (1.6x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/06/13 20:40 |
| End of Day Share Price | 2026/06/12 00:00 |
| Earnings | 2026/03/31 |
| Annual Earnings | 2026/03/31 |
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.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* 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.
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Analyst Sources
Embassy Office Parks REIT is covered by 27 analysts. 17 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Deep Shah | 360 ONE Capital Market Private Limited |
| Karan Khanna | Ambit Capital |
| Girish Choudhary | Avendus Spark |