Arvind SmartSpaces Ltd
Arvind Smarspaces Ltd was incorporated as "Arvind Infrastructure Limited" in 2008 in Ahmedabad as a wholly-owned subsidiary of Arvind Limited. The company was incorporated with the objective of doing a real estate/infrastructure development business.
Arvind Smartspaces is the real estate arm of the Lalbhai Group, a $2 billion dollar conglomerate. ASL is currently executing 9 projects through its own land, JVs and Joint Development model. ASL has also successfully executed 9 projects to date. [1]
- Market Cap ₹ 3,905 Cr.
- Current Price ₹ 857
- High / Low ₹ 903 / 309
- Stock P/E 79.3
- Book Value ₹ 126
- Dividend Yield 0.29 %
- ROCE 11.1 %
- ROE 9.24 %
- Face Value ₹ 10.0
Pros
- Company is expected to give good quarter
- Company has been maintaining a healthy dividend payout of 22.6%
Cons
- Stock is trading at 6.82 times its book value
- Company has a low return on equity of 8.87% over last 3 years.
- Earnings include an other income of Rs.37.6 Cr.
- Promoter holding has decreased over last 3 years: -6.62%
* 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
Sector: Realty Industry: Construction
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
26 | 44 | 61 | 111 | 90 | 128 | 234 | 151 | 94 | 120 | 117 | 151 | 143 | |
13 | 27 | 38 | 78 | 62 | 91 | 171 | 117 | 73 | 90 | 100 | 114 | 111 | |
Operating Profit | 13 | 16 | 24 | 33 | 28 | 37 | 63 | 35 | 21 | 31 | 17 | 37 | 31 |
OPM % | 48% | 37% | 39% | 30% | 31% | 29% | 27% | 23% | 22% | 25% | 14% | 25% | 22% |
0 | 0 | 0 | 4 | 5 | 14 | 16 | 11 | 18 | 27 | 37 | 38 | 38 | |
Interest | 9 | 4 | 8 | 8 | 12 | 15 | 20 | 18 | 20 | 11 | 6 | 6 | 6 |
Depreciation | 0 | 0 | 0 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 3 |
Profit before tax | 3 | 12 | 16 | 27 | 20 | 35 | 58 | 26 | 18 | 45 | 47 | 67 | 60 |
Tax % | -1% | 20% | 31% | 36% | -3% | 15% | 21% | 26% | 22% | 14% | 19% | 18% | |
3 | 9 | 11 | 17 | 21 | 30 | 46 | 19 | 14 | 39 | 38 | 55 | 49 | |
EPS in Rs | 30.86 | 9.23 | 10.93 | 6.70 | 7.25 | 9.34 | 13.06 | 5.45 | 3.93 | 9.19 | 8.45 | 12.16 | 10.86 |
Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 11% | 0% | 0% | 0% | 39% | 29% |
Compounded Sales Growth | |
---|---|
10 Years: | 13% |
5 Years: | -8% |
3 Years: | 17% |
TTM: | 17% |
Compounded Profit Growth | |
---|---|
10 Years: | 19% |
5 Years: | 2% |
3 Years: | 54% |
TTM: | 28% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | 57% |
3 Years: | 59% |
1 Year: | 145% |
Return on Equity | |
---|---|
10 Years: | 9% |
5 Years: | 8% |
3 Years: | 9% |
Last Year: | 9% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 1 | 10 | 10 | 26 | 28 | 32 | 35 | 36 | 36 | 42 | 45 | 45 |
Reserves | 15 | 105 | 116 | 118 | 167 | 263 | 273 | 287 | 301 | 418 | 484 | 525 |
1 | 1 | 28 | 91 | 93 | 161 | 171 | 165 | 119 | 2 | 53 | 66 | |
149 | 122 | 51 | 22 | 43 | 38 | 97 | 71 | 146 | 374 | 399 | 501 | |
Total Liabilities | 166 | 238 | 205 | 256 | 331 | 494 | 577 | 559 | 601 | 836 | 980 | 1,137 |
1 | 1 | 2 | 8 | 8 | 8 | 8 | 7 | 7 | 8 | 10 | 15 | |
CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 0 |
Investments | 26 | 0 | 0 | 61 | 94 | 168 | 227 | 180 | 148 | 222 | 244 | 348 |
138 | 237 | 203 | 187 | 229 | 317 | 342 | 371 | 446 | 605 | 725 | 773 | |
Total Assets | 166 | 238 | 205 | 256 | 331 | 494 | 577 | 559 | 601 | 836 | 980 | 1,137 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
-70 | -68 | 55 | -9 | -10 | -60 | 30 | -39 | 84 | 225 | -32 | -45 | |
-3 | 7 | 2 | -7 | -11 | -62 | -26 | 69 | -1 | -70 | -157 | 74 | |
-30 | 84 | 25 | 17 | 20 | 122 | -3 | -29 | -66 | -36 | 67 | -9 | |
Net Cash Flow | -103 | 23 | 82 | 1 | -1 | 0 | 1 | 1 | 17 | 119 | -121 | 20 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 38 | 2 | 10 | 112 | 113 | 161 | 1 | 2 | 9 | 3 | 6 | 5 |
Inventory Days | 1,309 | 900 | 1,253 | 2,726 | 3,967 | 3,571 | ||||||
Days Payable | 1,098 | 208 | 87 | 242 | 396 | 326 | ||||||
Cash Conversion Cycle | 38 | 213 | 10 | 804 | 113 | 161 | 1,167 | 2 | 2,494 | 3,574 | 3,251 | 5 |
Working Capital Days | -752 | 589 | 631 | 377 | 651 | 625 | 183 | 338 | 565 | -276 | -266 | -198 |
ROCE % | 47% | 24% | 17% | 18% | 12% | 13% | 17% | 9% | 8% | 12% | 10% | 11% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Press Release / Media Release
5m - Arvind SmartSpaces achieves Rs. 600 Cr bookings at Aqua City launch.
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Announcement under Regulation 30 (LODR)-Press Release / Media Release
1d - Arvind SmartSpaces announces new high-rise project in Bengaluru.
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Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
2d - Certificate under Regulation 74(5) for dematerialisation.
- Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate 1 Oct
- Closure of Trading Window 26 Sep
Annual reports
Concalls
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Aug 2024Transcript PPT
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Nov 2018TranscriptPPT
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May 2018TranscriptPPT
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Oct 2016TranscriptPPT
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May 2016TranscriptPPT
Product Offerings[1]
Horizontal (Plotting, Villas) and Vertical (Luxury, MIG residential housing)
Portfolio -
▪ Delivered 4.9 msf
▪ Ongoing projects of 26.9 msf
▪ Planned projects of 43.5 msf