TPLRF1 TPL REIT Fund I

TPL REIT Fund I (TPLRF1) financial ratios

TPL REIT Fund I earned a net margin of 43.9% in FY2025 against a five-year average of 58.8% (Real Estate Investment Trust median 43.9%). Return on equity was 2.0%, compared with a sector median of 15.9%. The current ratio stood at 8.76× and debt was 1.5% of equity.

FY2025 vs the Real Estate Investment Trust median

Operating margin: 43.9%; Sector median 43.9%
Net margin: 43.9%; Sector median 43.9%
Return on equity (ROE): 2.0%; Sector median 15.9%
Return on assets (ROA): 1.7%; Sector median 10.4%
Current ratio: 8.76×; Sector median 3.12×
Asset turnover: 0.04×; Sector median 0.08×
Dividend payout ratio: 0.0%; Sector median 44.7%

Median of the 3 companies in the sector with the figure for their latest fiscal year.

TPLRF1 financial ratios (annual) (Rs mn)
Rs mn	FY2025 Jul 2024 – Jun 2025	FY2024 Jul 2023 – Jun 2024	FY2023 Jul 2022 – Jun 2023	FY2022 Jul 2021 – Jun 2022
Profitability
EBITDA margin	44.1%	32.3%	81.6%	77.5%
Operating margin	43.9%	32.3%	81.6%	77.5%
Pre-tax margin	43.9%	32.3%	81.6%	77.5%
Net margin	43.9%	32.3%	81.6%	77.5%
Effective tax rate	0.0%	0.0%	(0.0%)	0.0%
Returns
Return on equity (ROE)	2.0%	1.0%	40.5%	—
Return on assets (ROA)	1.7%	0.9%	35.1%	—
Return on invested capital (ROIC)	2.0%	1.0%	39.0%	—
Liquidity
Current ratio	8.76×	2.20×	2.10×	1.30×
Leverage
Debt to equity	1.5%	2.5%	3.0%	3.1%
Debt to capital	1.5%	2.4%	2.9%	3.0%
Debt to assets	1.4%	2.2%	2.7%	2.7%
Assets to equity	1.12×	1.12×	1.15×	—
Efficiency
Asset turnover	0.04×	0.03×	0.43×	—
Dividends
Dividend payout ratio	0.0%	0.0%	0.0%	0.0%
Earnings retention rate	1.00×	1.00×	1.00×	1.00×

Ratios as reported for each fiscal year; returns are on average equity / assets. Debt ratios are percentages; turnover in times; working-capital measures in days.

TPLRF1: frequently asked questions

What is TPLRF1's EPS?

TPL REIT Fund I reported basic earnings per share of Rs 0.37 for FY2025 (Jul 2024 – Jun 2025).

What is TPLRF1's P/E ratio?

At the closing price of Rs 8.77 on 16 Oct 2026, TPLRF1 trades at a P/E of 23.9× based on EPS of Rs 0.37 (FY2025).

Does TPLRF1 pay dividends?

TPL REIT Fund I did not declare a cash dividend for FY2025.

What was TPLRF1's revenue and profit in FY2025?

TPL REIT Fund I reported revenue of Rs 1.5 bn and profit attributable to shareholders of Rs 673.3 mn for FY2025 (Jul 2024 – Jun 2025).

What is TPLRF1's book value per share?

TPL REIT Fund I's book value per share was Rs 18.16 at the end of FY2025. The shares trade at 0.48× book value.

Information only, not investment advice.