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 338 Cr.
  • Current Price 95.0
  • High / Low 135 / 56.2
  • Stock P/E 20.0
  • Book Value 80.4
  • Dividend Yield 0.00 %
  • ROCE 19.3 %
  • ROE 14.5 %
  • Face Value 10.0

Pros

  • Stock is trading at 1.18 times its book value
  • Company has delivered good profit growth of 29.94% CAGR over last 5 years

Cons

  • Company has a low return on equity of 12.67% for last 3 years.

Peer comparison

Sector: Realty Industry: Construction

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020
104.27 27.49 44.72 77.26 112.06 36.55 33.39 94.24 135.31 10.54 29.77 44.45
77.37 21.67 36.64 57.03 78.80 26.22 22.18 55.10 107.36 8.38 20.70 30.01
Operating Profit 26.90 5.82 8.08 20.23 33.26 10.33 11.21 39.14 27.95 2.16 9.07 14.44
OPM % 25.80% 21.17% 18.07% 26.18% 29.68% 28.26% 33.57% 41.53% 20.66% 20.49% 30.47% 32.49%
Other Income 3.76 0.66 1.04 0.58 0.54 0.26 1.09 0.30 0.56 0.23 0.31 0.23
Interest 4.17 4.59 5.35 5.34 5.99 5.33 6.70 6.06 6.25 6.85 6.90 6.73
Depreciation 0.27 0.28 0.29 0.29 0.29 0.29 0.29 0.27 0.25 0.28 0.35 0.25
Profit before tax 26.22 1.61 3.48 15.18 27.52 4.97 5.31 33.11 22.01 -4.74 2.13 7.69
Tax % 34.74% 29.19% 47.70% 33.07% 34.34% 44.67% 46.14% 37.06% 33.21% -4.22% 6.57% 30.69%
Net Profit 16.24 1.16 1.86 10.20 17.46 2.56 2.57 19.45 14.73 -4.83 1.97 5.04
EPS in Rs 5.10 0.33 0.53 2.91 4.96 0.72 0.72 5.47 4.14 -1.36 0.55 1.42

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 TTM
87 115 159 198 262 299 220
62 80 114 137 194 211 166
Operating Profit 25 35 44 61 68 89 54
OPM % 29% 31% 28% 31% 26% 30% 24%
Other Income 0 2 1 4 2 2 1
Interest 8 9 12 15 21 24 27
Depreciation 0 1 1 1 1 1 1
Profit before tax 17 27 32 48 48 65 27
Tax % 39% 38% 33% 35% 35% 37%
Net Profit 11 17 20 30 31 39 17
EPS in Rs 10.56 6.66 7.14 9.47 8.70 11.06 4.75
Dividend Payout % 0% 0% 0% 0% 17% 0%
Compounded Sales Growth
10 Years:%
5 Years:28%
3 Years:24%
TTM:-20%
Compounded Profit Growth
10 Years:%
5 Years:30%
3 Years:25%
TTM:-60%
Stock Price CAGR
10 Years:%
5 Years:1%
3 Years:-21%
1 Year:45%
Return on Equity
10 Years:%
5 Years:13%
3 Years:13%
Last Year:14%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Sep 2020
10 26 28 32 35 36 36
Reserves 116 118 166 263 219 253 250
Borrowings 31 92 93 161 171 218 172
105 120 145 140 352 291 377
Total Liabilities 262 355 433 596 777 798 835
3 10 10 10 10 9 9
CWIP 0 0 11 12 14 20 21
Investments 0 0 2 2 2 1 1
259 345 410 572 752 767 804
Total Assets 262 355 433 596 777 798 835

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
56 27 -19 -147 12 -16
-1 -1 1 -1 -0 -7
23 -20 27 141 -11 21
Net Cash Flow 78 6 10 -7 0 -1

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
ROCE % 18% 17% 17% 16% 19%
Debtor Days 29 207 93 215 2 1
Inventory Turnover -0.22 -0.31 -0.26 0.05 -0.03

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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