Arvind SmartSpaces Ltd

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

Arvind SmartSpaces Ltd

₹ 531 5.90%
10 Mar - 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[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

Website BSE NSE
  • Market Cap ₹ 2,437 Cr.
  • Current Price ₹ 531
  • High / Low ₹ 757 / 487
  • Stock P/E 33.3
  • Book Value ₹ 130
  • Dividend Yield 1.13 %
  • ROCE 19.0 %
  • ROE 18.8 %
  • Face Value ₹ 10.0
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Pros

  • Company has delivered good profit growth of 21.2% CAGR over last 5 years
  • Company has been maintaining a healthy dividend payout of 40.4%
  • Company's median sales growth is 32.1% of last 10 years
  • Company's working capital requirements have reduced from 236 days to 56.2 days

Cons

  • Stock is trading at 4.07 times its book value
  • Company has a low return on equity of 11.2% over last 3 years.

* 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 Allcap BSE Consumer Discretionary

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025
53 93 67 73 84 117 74 266 210 163 102 141 166
44 72 41 39 64 86 65 200 151 130 80 111 125
Operating Profit 9 20 26 34 20 31 9 66 59 34 21 30 42
OPM % 17% 22% 39% 47% 24% 27% 12% 25% 28% 21% 21% 21% 25%
3 2 2 3 2 3 3 4 5 11 5 4 4
Interest 4 6 15 19 3 4 3 5 5 8 8 6 5
Depreciation 1 1 1 1 1 1 1 1 1 1 2 1 2
Profit before tax 7 15 13 16 18 28 7 64 58 36 17 25 39
Tax % 24% 29% 30% 32% 36% 31% 38% 33% 14% 39% 28% 29% 25%
5 10 9 11 12 20 5 43 50 22 12 18 29
EPS in Rs 0.94 2.05 1.77 1.91 2.07 3.42 0.64 8.93 10.48 4.20 2.44 3.09 6.27
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
87 115 159 198 262 299 149 257 256 341 713 572
62 80 114 137 194 211 109 208 207 229 545 446
Operating Profit 25 35 44 61 68 89 41 49 49 112 168 126
OPM % 29% 31% 28% 31% 26% 30% 27% 19% 19% 33% 24% 22%
0 2 1 4 2 2 2 7 7 9 23 23
Interest 8 9 12 15 21 24 27 17 14 41 21 27
Depreciation 0 1 1 1 1 1 1 2 3 4 5 6
Profit before tax 17 27 32 48 48 65 14 38 40 76 165 116
Tax % 39% 38% 33% 35% 35% 37% 38% 34% 30% 33% 28%
10 17 22 31 31 41 9 25 28 51 119 81
EPS in Rs 10.56 6.66 7.14 9.47 8.70 11.06 2.46 5.90 5.65 9.17 24.25 16.00
Dividend Payout % -0% -0% -0% -0% 17% -0% -0% -0% 58% 38% 25%
Compounded Sales Growth
10 Years: 23%
5 Years: 19%
3 Years: 41%
TTM: -14%
Compounded Profit Growth
10 Years: 25%
5 Years: 21%
3 Years: 60%
TTM: -31%
Stock Price CAGR
10 Years: 21%
5 Years: 40%
3 Years: 27%
1 Year: -21%
Return on Equity
10 Years: 10%
5 Years: 9%
3 Years: 11%
Last Year: 19%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Sep 2025
Equity Capital 10 26 28 32 35 36 36 42 45 45 46 46
Reserves 116 118 166 263 219 253 276 397 421 449 552 552
31 92 93 161 171 218 189 30 146 110 285 170
105 120 145 140 352 291 425 667 898 1,497 1,783 1,941
Total Liabilities 262 355 433 596 777 798 926 1,136 1,511 2,102 2,666 2,709
3 10 10 10 10 9 9 43 46 53 58 59
CWIP 0 0 11 12 14 20 39 13 17 19 25 31
Investments -0 -0 2 2 2 1 1 0 83 103 186 163
259 345 410 572 752 767 876 1,080 1,364 1,927 2,397 2,457
Total Assets 262 355 433 596 777 798 926 1,136 1,511 2,102 2,666 2,709

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
56 27 -19 -147 12 -16 91 161 -101 30 -84
-1 -1 1 -1 -0 -7 -42 29 -82 -28 -109
23 -20 27 141 -11 21 -19 -74 95 -3 186
Net Cash Flow 78 6 10 -7 0 -1 30 116 -87 -1 -8

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Debtor Days 29 207 93 215 2 1 6 2 4 3 7
Inventory Days 8,524 9,212
Days Payable 4,159 873
Cash Conversion Cycle 4,395 207 93 215 8,341 1 6 2 4 3 7
Working Capital Days 416 438 547 730 327 339 894 306 469 182 56
ROCE % 18% 16% 16% 15% 19% 8% 10% 9% 16% 19%

Insights

In beta
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Booking Value
INR Cr

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Collections
INR Cr
Operating Cash Flow (OCF)
INR Cr
Total Project Portfolio (Cumulative)
Mn Sq Ft
Units Sold
Nos
Unrecognised Revenue
INR Cr

Shareholding Pattern

Numbers in percentages

12 Recently
Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
50.44% 50.54% 50.54% 50.54% 50.51% 50.38% 50.28% 50.28% 50.27% 49.96% 49.83% 49.83%
0.68% 0.69% 0.85% 0.49% 0.41% 1.81% 2.51% 2.65% 2.01% 1.60% 1.00% 0.83%
10.57% 11.49% 11.62% 11.66% 13.52% 12.33% 12.77% 12.86% 12.65% 13.88% 14.70% 15.82%
38.32% 37.27% 36.99% 37.29% 35.55% 35.46% 34.44% 34.22% 35.06% 34.55% 34.46% 33.53%
No. of Shareholders 1,00,18988,36187,54889,48491,91291,03191,80392,64094,20396,51996,26194,382

* 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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