Arvind SmartSpaces Ltd

About [ edit ]

Arvind SmartSpaces is engaged in the development of real estate comprising of residential, commercial and industrial projects.(Source : 201903 Annual Report Page No: 69)

  • Market Cap 332 Cr.
  • Current Price 93.2
  • High / Low 135 / 60.5
  • Stock P/E 17.6
  • Book Value 90.7
  • Dividend Yield 0.00 %
  • ROCE 9.17 %
  • ROE 6.16 %
  • Face Value 10.0

Pros

  • Stock is trading at 1.03 times its book value
  • Company is expected to give good quarter

Cons

  • Company has a low return on equity of 11.06% for last 3 years.
  • Earnings include an other income of Rs.15.53 Cr.
  • Dividend payout has been low at 3.83% of profits over last 3 years

Peer comparison

Sector: Realty Industry: Construction

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020
67.61 29.86 46.40 84.93 72.08 24.89 14.73 7.74 103.99 8.04 23.57 28.78
45.54 23.31 38.65 57.96 50.99 18.18 9.46 3.61 85.61 8.48 17.52 20.57
Operating Profit 22.07 6.55 7.75 26.97 21.09 6.71 5.27 4.13 18.38 -0.44 6.05 8.21
OPM % 32.64% 21.94% 16.70% 31.76% 29.26% 26.96% 35.78% 53.36% 17.67% -5.47% 25.67% 28.53%
Other Income 5.50 3.83 4.53 4.22 4.23 3.54 2.16 2.24 2.67 4.38 4.36 4.12
Interest 3.58 4.41 4.81 5.55 5.38 5.04 4.45 4.33 4.40 5.18 5.31 4.89
Depreciation 0.21 0.22 0.22 0.22 0.21 0.22 0.22 0.20 0.19 0.21 0.28 0.18
Profit before tax 23.78 5.75 7.25 25.42 19.73 4.99 2.76 1.84 16.46 -1.45 4.82 7.26
Tax % 5.72% 17.04% 22.90% 21.05% 20.98% 9.22% -6.88% -11.96% 40.22% -3.45% 18.88% 9.37%
Net Profit 22.41 4.77 5.60 20.07 15.59 4.52 2.95 2.06 9.84 -1.50 3.90 6.58
EPS in Rs 7.03 1.37 1.61 5.72 4.42 1.28 0.83 0.58 2.77 -0.42 1.10 1.85

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 TTM
0 0 30 7 26 44 61 111 90 128 234 151 164
0 0 31 1 13 27 38 78 62 91 171 117 132
Operating Profit 0 -0 -1 6 13 16 24 33 28 37 63 35 32
OPM % -4% 85% 48% 37% 39% 30% 31% 29% 27% 23% 20%
Other Income 0 0 1 0 0 0 0 4 5 14 16 11 16
Interest 0 0 0 3 9 4 8 8 12 15 20 18 20
Depreciation 0 0 0 0 0 0 0 1 1 1 1 1 1
Profit before tax 0 0 0 3 3 12 16 27 20 35 58 26 27
Tax % 33% 56% 1% -1% 20% 31% 36% -3% 15% 21% 26%
Net Profit 0 0 0 3 3 9 11 17 21 30 46 19 19
EPS in Rs 0.00 4.00 14.00 540.00 30.86 9.23 10.93 6.70 7.25 9.34 13.06 5.45 5.30
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 11% 0%
Compounded Sales Growth
10 Years:%
5 Years:20%
3 Years:19%
TTM:38%
Compounded Profit Growth
10 Years:99%
5 Years:12%
3 Years:-2%
TTM:-25%
Stock Price CAGR
10 Years:%
5 Years:1%
3 Years:-20%
1 Year:38%
Return on Equity
10 Years:12%
5 Years:11%
3 Years:11%
Last Year:6%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
0 0 0 0 1 10 10 26 28 32 35 36
Reserves 0 0 0 3 15 105 116 118 167 263 273 287
Borrowings 0 7 25 33 1 1 28 91 93 161 171 165
0 22 0 6 149 122 51 22 43 38 97 71
Total Liabilities 0 29 26 42 166 238 205 256 331 494 577 559
0 0 1 1 1 1 2 8 8 8 8 7
CWIP 0 0 0 0 0 0 0 0 0 0 0 0
Investments 0 0 17 19 26 0 0 61 94 168 227 180
0 29 8 22 138 237 203 187 229 317 342 371
Total Assets 0 29 26 42 166 238 205 256 331 494 577 559

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
-6 0 -70 -68 55 -9 -10 -60 30 -39
0 -16 -3 7 2 -7 -11 -62 -26 69
7 16 -30 84 25 17 20 122 -3 -29
Net Cash Flow 1 -1 -103 23 82 1 -1 0 1 1

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
ROCE % 1% 1% 19% 47% 24% 17% 18% 12% 13% 17% 9%
Debtor Days 8 9 38 2 10 112 113 161 1 2
Inventory Turnover 0.00 0.00 -1.11 -1.37 0.25 -0.61 0.35 -0.53 -0.11 0.35 -0.16

Shareholding Pattern

Numbers in percentages

Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021
60.18 60.22 59.83 59.60 59.40 59.06 59.06 59.06 59.06 59.06 58.66 58.66
0.19 0.10 0.03 0.03 0.03 0.03 0.03 0.03 0.03 0.03 0.03 0.03
6.41 6.39 6.29 6.33 5.92 5.81 5.50 5.44 5.23 4.39 3.73 1.65
33.22 33.29 33.85 34.04 34.65 35.10 35.41 35.47 35.68 36.51 37.57 39.66

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