Arvind SmartSpaces Ltd

Arvind SmartSp. Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Arvind SmartSpaces Ltd

₹ 684 -2.04%
19 Apr - close price
arvindsmartspaces.com BSE: 539301 NSE : ARVSMART
About

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]

Key Points

Product Offerings
Its residential projects comprising villas, apartments, and plots are targeted toward middle-income and high-income customers. The company’s existing integrated townships comprise amenities with villas, apartments, retail, commercial and recreational areas. It also undertakes commercial and industrial projects on a selective basis. [1]

Website BSE NSE
  • Market Cap ₹ 3,101 Cr.
  • Current Price ₹ 684
  • High / Low ₹ 763 / 294
  • Stock P/E 80.2
  • Book Value ₹ 121
  • Dividend Yield 0.24 %
  • ROCE 9.99 %
  • ROE 7.62 %
  • Face Value ₹ 10.0
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Pros

  • Company is almost debt free.

Cons

  • Stock is trading at 5.66 times its book value
  • The company has delivered a poor sales growth of -1.74% over past five years.
  • Company has a low return on equity of 7.44% over last 3 years.
  • Earnings include an other income of Rs.38.0 Cr.
  • Promoter holding has decreased over last 3 years: -8.27%

* 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

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
28.78 33.48 32.75 27.68 18.54 41.20 27.70 28.75 29.33 31.50 32.34 42.70 11.74
20.57 26.44 16.78 17.19 17.22 38.60 20.76 23.33 24.47 31.97 25.38 27.55 18.30
Operating Profit 8.21 7.04 15.97 10.49 1.32 2.60 6.94 5.42 4.86 -0.47 6.96 15.15 -6.56
OPM % 28.53% 21.03% 48.76% 37.90% 7.12% 6.31% 25.05% 18.85% 16.57% -1.49% 21.52% 35.48% -55.88%
4.12 4.80 4.48 5.39 8.29 9.15 8.65 8.89 10.52 9.39 9.60 9.70 9.29
Interest 4.89 4.29 3.76 3.19 3.24 1.18 0.63 1.04 1.95 1.95 1.29 0.94 1.48
Depreciation 0.18 0.18 0.21 0.23 0.24 0.26 0.27 0.28 0.29 0.45 0.47 0.63 0.67
Profit before tax 7.26 7.37 16.48 12.46 6.13 10.31 14.69 12.99 13.14 6.52 14.80 23.28 0.58
Tax % 9.37% 32.16% 6.13% 12.52% 19.90% 24.73% 19.06% 19.71% 16.36% 23.77% 17.43% 9.58% 20.69%
6.58 4.99 15.46 10.90 4.92 7.76 11.89 10.43 10.99 4.96 12.21 21.06 0.46
EPS in Rs 1.85 1.40 4.35 3.07 1.16 1.83 2.80 2.37 2.43 1.09 2.69 4.65 0.10
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
7 26 44 61 111 90 128 234 151 94 120 117 118
1 13 27 38 78 62 91 171 117 73 90 100 103
Operating Profit 6 13 16 24 33 28 37 63 35 21 31 17 15
OPM % 85% 48% 37% 39% 30% 31% 29% 27% 23% 22% 25% 14% 13%
0 0 0 0 4 5 14 16 11 18 27 37 38
Interest 3 9 4 8 8 12 15 20 18 20 11 6 6
Depreciation 0 0 0 0 1 1 1 1 1 1 1 1 2
Profit before tax 3 3 12 16 27 20 35 58 26 18 45 47 45
Tax % 1% -1% 20% 31% 36% -3% 15% 21% 26% 22% 14% 19%
3 3 9 11 17 21 30 46 19 14 39 38 39
EPS in Rs 540.00 30.86 9.23 10.93 6.70 7.25 9.34 13.06 5.45 3.93 9.19 8.45 8.53
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 11% 0% 0% 0% 39%
Compounded Sales Growth
10 Years: 16%
5 Years: -2%
3 Years: -8%
TTM: -7%
Compounded Profit Growth
10 Years: 28%
5 Years: 5%
3 Years: 25%
TTM: -6%
Stock Price CAGR
10 Years: %
5 Years: 41%
3 Years: 93%
1 Year: 116%
Return on Equity
10 Years: 9%
5 Years: 9%
3 Years: 7%
Last Year: 8%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 0 1 10 10 26 28 32 35 36 36 42 45 45
Reserves 3 15 105 116 118 167 263 273 287 301 418 484 502
33 1 1 28 91 93 161 171 165 119 2 53 16
6 149 122 51 22 43 38 97 71 146 374 399 439
Total Liabilities 42 166 238 205 256 331 494 577 559 601 836 980 1,003
1 1 1 2 8 8 8 8 7 7 8 10 12
CWIP 0 0 0 0 0 0 0 0 0 0 1 1 4
Investments 19 26 0 0 61 94 168 227 180 148 222 244 296
22 138 237 203 187 229 317 342 371 446 605 725 691
Total Assets 42 166 238 205 256 331 494 577 559 601 836 980 1,003

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
-70 -68 55 -9 -10 -60 30 -39 84 225 -32
-3 7 2 -7 -11 -62 -26 69 -1 -70 -157
-30 84 25 17 20 122 -3 -29 -66 -36 67
Net Cash Flow -103 23 82 1 -1 0 1 1 17 119 -121

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 9 38 2 10 112 113 161 1 2 9 3 6
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 9 38 213 10 804 113 161 1,167 2 2,494 3,574 3,251
Working Capital Days 795 -752 589 631 377 651 625 183 338 565 -276 -266
ROCE % 19% 47% 24% 17% 18% 12% 13% 17% 9% 8% 12% 10%

Shareholding Pattern

Numbers in percentages

3 Recently
Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
56.88% 56.88% 54.34% 53.82% 53.82% 51.99% 50.44% 50.44% 50.43% 50.43% 50.43% 50.40%
0.05% 0.05% 0.03% 0.07% 0.03% 0.18% 0.46% 0.68% 0.69% 0.85% 0.49% 0.41%
0.31% 0.01% 9.51% 9.50% 9.50% 10.32% 10.28% 10.57% 11.48% 11.61% 11.65% 13.51%
42.76% 43.06% 36.11% 36.60% 36.64% 37.52% 38.82% 38.32% 37.39% 37.11% 37.41% 35.67%
No. of Shareholders 1,11,4191,08,1191,04,9821,03,7371,03,0221,03,8411,01,6001,00,18988,36187,54889,48491,912

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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Documents

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