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 ₹ 2,701 Cr.
- Current Price ₹ 588
- High / Low ₹ 708 / 487
- Stock P/E 39.7
- Book Value ₹ 126
- Dividend Yield 0.38 %
- ROCE 8.51 %
- ROE 7.17 %
- Face Value ₹ 10.0
Pros
- Company is expected to give good quarter
- Company has been maintaining a healthy dividend payout of 84.5%
Cons
- Stock is trading at 4.67 times its book value
- Company has a low return on equity of 5.60% over last 3 years.
- Earnings include an other income of Rs.62.1 Cr.
* 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
Part of BSE Consumer Discretionary
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 61 | 111 | 90 | 128 | 234 | 151 | 94 | 120 | 117 | 151 | 125 | 238 | 310 | |
| 38 | 78 | 62 | 91 | 171 | 117 | 73 | 90 | 100 | 114 | 131 | 197 | 239 | |
| Operating Profit | 24 | 33 | 28 | 37 | 63 | 35 | 21 | 31 | 17 | 37 | -6 | 41 | 71 |
| OPM % | 39% | 30% | 31% | 29% | 27% | 23% | 22% | 25% | 14% | 25% | -4.9% | 17% | 23% |
| 0 | 4 | 5 | 14 | 16 | 11 | 18 | 27 | 37 | 38 | 38 | 49 | 62 | |
| Interest | 8 | 8 | 12 | 15 | 20 | 18 | 20 | 11 | 6 | 6 | 11 | 28 | 38 |
| Depreciation | 0 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 3 | 4 | 5 |
| Profit before tax | 16 | 27 | 20 | 35 | 58 | 26 | 18 | 45 | 47 | 67 | 18 | 59 | 90 |
| Tax % | 31% | 36% | -3% | 15% | 21% | 26% | 22% | 14% | 19% | 18% | 25% | 21% | |
| 11 | 17 | 21 | 30 | 46 | 19 | 14 | 39 | 38 | 55 | 14 | 46 | 68 | |
| EPS in Rs | 10.93 | 6.70 | 7.25 | 9.34 | 13.06 | 5.45 | 3.93 | 9.19 | 8.45 | 12.16 | 2.97 | 10.02 | 14.83 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 11% | 0% | 0% | 0% | 39% | 29% | 202% | 22% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 8% |
| 5 Years: | 20% |
| 3 Years: | 27% |
| TTM: | 157% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 9% |
| 5 Years: | 24% |
| 3 Years: | 3% |
| TTM: | 1183% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 21% |
| 5 Years: | 31% |
| 3 Years: | 19% |
| 1 Year: | -10% |
| Return on Equity | |
|---|---|
| 10 Years: | 8% |
| 5 Years: | 7% |
| 3 Years: | 6% |
| Last Year: | 7% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 10 | 26 | 28 | 32 | 35 | 36 | 36 | 42 | 45 | 45 | 46 | 46 |
| Reserves | 116 | 118 | 167 | 263 | 273 | 287 | 301 | 425 | 484 | 525 | 531 | 532 |
| 28 | 91 | 93 | 161 | 171 | 165 | 119 | 2 | 53 | 66 | 204 | 575 | |
| 51 | 22 | 43 | 38 | 97 | 71 | 146 | 367 | 399 | 501 | 665 | 888 | |
| Total Liabilities | 205 | 256 | 331 | 494 | 577 | 559 | 601 | 836 | 980 | 1,137 | 1,446 | 2,041 |
| 2 | 8 | 8 | 8 | 8 | 7 | 7 | 8 | 10 | 15 | 20 | 21 | |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 0 | 0 | 3 |
| Investments | 0 | 61 | 94 | 168 | 227 | 180 | 148 | 222 | 244 | 348 | 463 | 485 |
| 203 | 187 | 229 | 317 | 342 | 371 | 446 | 605 | 725 | 773 | 963 | 1,532 | |
| Total Assets | 205 | 256 | 331 | 494 | 577 | 559 | 601 | 836 | 980 | 1,137 | 1,446 | 2,041 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 55 | -9 | -10 | -60 | 30 | -39 | 84 | 225 | -32 | -45 | -232 | -144 | |
| 2 | -7 | -11 | -62 | -26 | 69 | -1 | -70 | -157 | 74 | 104 | -87 | |
| 25 | 17 | 20 | 122 | -3 | -29 | -66 | -36 | 67 | -9 | 115 | 298 | |
| Net Cash Flow | 82 | 1 | -1 | 0 | 1 | 1 | 17 | 119 | -121 | 20 | -13 | 68 |
| Free Cash Flow | 54 | -10 | -11 | -61 | 30 | -40 | 83 | 222 | -35 | -55 | -237 | -154 |
| CFO/OP | 252% | -4% | -20% | -146% | 51% | -108% | 402% | 764% | -143% | -107% | 3,512% | -304% |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 10 | 112 | 113 | 161 | 1 | 2 | 9 | 3 | 6 | 5 | 3 | 12 |
| Inventory Days | 900 | 1,253 | 2,726 | 3,967 | 3,571 | |||||||
| Days Payable | 208 | 87 | 242 | 396 | 326 | |||||||
| Cash Conversion Cycle | 10 | 804 | 113 | 161 | 1,167 | 2 | 2,494 | 3,574 | 3,251 | 5 | 3 | 12 |
| Working Capital Days | 603 | 355 | 615 | 625 | 182 | 136 | 469 | -278 | -272 | -236 | -214 | -66 |
| ROCE % | 17% | 18% | 12% | 13% | 17% | 9% | 8% | 12% | 10% | 11% | 3% | 9% |
Insights
In beta| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Bookings/Pre-sales (Fresh Sales) ₹ Cr |
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| Unrecognized Revenue (Order Book) ₹ Cr |
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| Collections from Customers ₹ Cr |
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| Project Portfolio (Total Saleable Area) msf |
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| Business Development Pipeline (Cumulative Topline Potential Added) ₹ Cr |
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| Units Booked number |
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Extracted by Screener AI
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Press Release / Media Release
- Arvind Sylva in Bengaluru crosses ₹500 Cr bookings in 30 days, about 60% absorption.
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Announcement under Regulation 30 (LODR)-Allotment
- 20,000 equity shares allotted on 18 September 2026 under ASL ESOP 2016.
- Shareholder Meeting / Postal Ballot-Scrutinizer''s Report
- Shareholder Meeting / Postal Ballot-Outcome of AGM
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Announcement under Regulation 30 (LODR)-Credit Rating
- Ind-Ra assigned Arvind SmartHomes proposed ₹1,000 million OCDs IND A/Stable on 11 September 2026.
Annual reports
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Annual Report 2026
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Annual Report 2025
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Annual Report 2024
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Annual Report 2023
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Annual Report 2022
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Annual Report 2021
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Annual Report 2020
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Annual Report 2019
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Annual Report 2018
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Annual Report 2017
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Annual Report 2016
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Annual Report 2010
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Concalls
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Aug 2026Transcript PPT REC
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May 2026Transcript PPT REC
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Feb 2026Transcript PPT
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Nov 2025Transcript PPT REC
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May 2024Transcript PPT
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May 2024PPT
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Feb 2024Transcript PPT
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Nov 2023Transcript PPT
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May 2023PPT
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Jan 2023Transcript PPT
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Nov 2022Transcript PPT
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Aug 2022PPT
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May 2022PPT
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May 2022PPT
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Feb 2022Transcript PPT
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Nov 2021PPT
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Sep 2021PPT
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Aug 2021PPT
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Aug 2021PPT
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May 2021PPT
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May 2021Transcript PPT
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Oct 2020Transcript PPT
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Jun 2020Transcript
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Oct 2019Transcript
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Nov 2018Transcript
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May 2018Transcript
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Oct 2016Transcript
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May 2016Transcript
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