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 ₹ 2,809 Cr.
- Current Price ₹ 612
- High / Low ₹ 682 / 487
- Stock P/E 61.2
- Book Value ₹ 126
- Dividend Yield 0.98 %
- ROCE 8.90 %
- ROE 7.96 %
- Face Value ₹ 10.0
Pros
- Company is expected to give good quarter
- Company has been maintaining a healthy dividend payout of 84.5%
- Promoter holding has increased by 4.01% over last quarter.
Cons
- Stock is trading at 4.86 times its book value
- Company has a low return on equity of 6.14% over last 3 years.
- Earnings include an other income of Rs.49.4 Cr.
- Working capital days have increased from -117 days to 98.3 days
* 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 61 | 111 | 90 | 128 | 234 | 151 | 94 | 120 | 117 | 151 | 125 | 238 | |
| 38 | 78 | 62 | 91 | 171 | 117 | 73 | 90 | 100 | 114 | 131 | 197 | |
| Operating Profit | 24 | 33 | 28 | 37 | 63 | 35 | 21 | 31 | 17 | 37 | -6 | 41 |
| OPM % | 39% | 30% | 31% | 29% | 27% | 23% | 22% | 25% | 14% | 25% | -5% | 17% |
| 0 | 4 | 5 | 14 | 16 | 11 | 18 | 27 | 37 | 38 | 38 | 49 | |
| Interest | 8 | 8 | 12 | 15 | 20 | 18 | 20 | 11 | 6 | 6 | 11 | 28 |
| Depreciation | 0 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 3 | 4 |
| Profit before tax | 16 | 27 | 20 | 35 | 58 | 26 | 18 | 45 | 47 | 67 | 18 | 59 |
| 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 | |
| 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 |
| 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: | 91% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 10% |
| 5 Years: | 27% |
| 3 Years: | 7% |
| TTM: | 501% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 21% |
| 5 Years: | 37% |
| 3 Years: | 20% |
| 1 Year: | -7% |
| Return on Equity | |
|---|---|
| 10 Years: | 8% |
| 5 Years: | 7% |
| 3 Years: | 6% |
| Last Year: | 8% |
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 | -205 | -144 | |
| 2 | -7 | -11 | -62 | -26 | 69 | -1 | -70 | -157 | 74 | 76 | -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 | -209 | -154 |
| CFO/OP | 252% | -4% | -20% | -146% | 51% | -108% | 402% | 764% | -143% | -107% | 3,066% | -306% |
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 | 98 |
| 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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Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
7 Jul - Certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended on 30th June, 2026
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Announcement under Regulation 30 (LODR)-Newspaper Publication
4 Jul - We enclose herewith the copies of the newspaper advertisement published on 4th July, 2026 in the Financial Express, in respect of Postal Ballot Notice and …
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Shareholder Meeting / Postal Ballot-Notice of Postal Ballot
3 Jul - Postal ballot seeks approval for Rs 2,000 crore lending limit and related-party deals worth Rs 309 crore, Rs 520 crore, Rs 345 crore.
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Announcement under Regulation 30 (LODR)-Change in Management
1 Jul - Arvind SmartSpaces appoints Bhasker Jain and Tarpit Patni from July 1, 2026; Jai Kumar Ajbani resigns June 30.
- Closure of Trading Window 29 Jun
Annual reports
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Financial Year 2025
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Financial Year 2024
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2010
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Concalls
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May 2026Transcript PPT REC
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Nov 2021TranscriptAI SummaryPPT
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May 2021TranscriptAI SummaryPPT
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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