Arkade Developers Ltd
Arkade Developers Limited is a real estate development company focused on developing high-end, sophisticated lifestyle residential developments in Mumbai, Maharashtra.[1]
- Market Cap ₹ 3,238 Cr.
- Current Price ₹ 174
- High / Low ₹ 214 / 128
- Stock P/E 20.6
- Book Value ₹ 51.3
- Dividend Yield 0.57 %
- ROCE 30.3 %
- ROE 25.8 %
- Face Value ₹ 10.0
Pros
- Company has a good return on equity (ROE) track record: 3 Years ROE 32.0%
Cons
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Consumer Discretionary Realty Realty Residential, Commercial Projects
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|
| 52 | 223 | 220 | 635 | 683 | 777 | |
| 27 | 170 | 160 | 467 | 477 | 576 | |
| Operating Profit | 25 | 53 | 60 | 168 | 206 | 201 | 
| OPM % | 48% | 24% | 27% | 26% | 30% | 26% | 
| 2 | 12 | 14 | 2 | 12 | 18 | |
| Interest | 1 | 2 | 1 | 3 | 2 | 1 | 
| Depreciation | 0 | 0 | 0 | 1 | 5 | 7 | 
| Profit before tax | 26 | 62 | 72 | 165 | 211 | 210 | 
| Tax % | 24% | 22% | 24% | 26% | 26% | |
| 20 | 49 | 55 | 123 | 157 | 157 | |
| EPS in Rs | 98.70 | 242.90 | 274.30 | 8.09 | 8.45 | 8.45 | 
| Dividend Payout % | -0% | -0% | -0% | -0% | -0% | 
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % | 
| 5 Years: | % | 
| 3 Years: | 45% | 
| TTM: | 13% | 
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % | 
| 5 Years: | % | 
| 3 Years: | 50% | 
| TTM: | 10% | 
| Stock Price CAGR | |
|---|---|
| 10 Years: | % | 
| 5 Years: | % | 
| 3 Years: | % | 
| 1 Year: | 20% | 
| Return on Equity | |
|---|---|
| 10 Years: | % | 
| 5 Years: | % | 
| 3 Years: | 32% | 
| Last Year: | 26% | 
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|
| Equity Capital | 2 | 2 | 2 | 152 | 186 | 186 | 
| Reserves | 94 | 143 | 198 | 171 | 698 | 767 | 
| 12 | 63 | 149 | 71 | 115 | 175 | |
| 238 | 158 | 206 | 180 | 252 | 133 | |
| Total Liabilities | 347 | 366 | 555 | 575 | 1,250 | 1,261 | 
| 0 | 2 | 2 | 14 | 19 | 36 | |
| CWIP | -0 | -0 | -0 | -0 | -0 | -0 | 
| Investments | 28 | 40 | 17 | 18 | 139 | 202 | 
| 318 | 324 | 536 | 542 | 1,093 | 1,023 | |
| Total Assets | 347 | 366 | 555 | 575 | 1,250 | 1,261 | 
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|
| 105 | -133 | -97 | 102 | -217 | |
| -75 | 82 | 26 | -12 | -229 | |
| -28 | 48 | 85 | -83 | 445 | |
| Net Cash Flow | 2 | -2 | 14 | 6 | -1 | 
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|
| Debtor Days | 13 | 9 | 6 | 5 | 19 | 
| Inventory Days | 1,375 | ||||
| Days Payable | 65 | ||||
| Cash Conversion Cycle | 13 | 9 | 1,316 | 5 | 19 | 
| Working Capital Days | 512 | 158 | 390 | 169 | 354 | 
| ROCE % | 39% | 26% | 45% | 30% | 
Documents
Announcements
- 
        
          Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
          
            13h - Of Schedule of Analyst/Investor Meet under the SEBI (LODR) Regulations, 2015
- 
        
          Announcement under Regulation 30 (LODR)-Earnings Call Transcript
          
            24 Oct - Transcript for the earnings conference call for the quarter ended September 30, 2025
- 
        
          Announcement under Regulation 30 (LODR)-Monitoring Agency Report
          
            20 Oct - Crisil monitoring report (Sept 30, 2025): Rs4,100mn IPO, Rs511.27mn unutilized, utilization details.
- 
        
          Announcement under Regulation 30 (LODR)-Newspaper Publication
          
            17 Oct - Newspaper Publication on the unaudited Financial Results for the quarter and half year ended September 30, 2025
- 
        
          Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
          
            16 Oct - Arkade Developers disclosed Q2/H1 FY25-26 analysts meeting and provided earnings call audio link; no UPSI shared.
Concalls
- 
      Oct 2025Transcript PPT REC
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      Jul 2025Transcript PPT REC
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      May 2025Transcript PPT REC
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      Jan 2025Transcript PPT REC
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      Nov 2024Transcript PPT
Business Model[1][2]
New Projects: These involve development of residential units on their land; including premium, lifestyle-oriented residential properties with modern amenities