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 87.7
  • Book Value ₹ 103
  • Dividend Yield 0.24 %
  • ROCE 9.21 %
  • ROE 5.58 %
  • Face Value ₹ 10.0
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Pros

Cons

  • Stock is trading at 6.61 times its book value
  • The company has delivered a poor sales growth of 5.24% over past five years.
  • Company has a low return on equity of 5.24% over last 3 years.
  • Company's cost of borrowing seems high
  • 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

Consolidated Figures in Rs. Crores / View Standalone

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
44 64 27 26 43 161 60 50 53 93 67 73 84
30 50 19 19 31 140 49 41 44 72 41 39 64
Operating Profit 14 15 8 7 12 21 11 9 9 20 26 34 20
OPM % 32% 23% 30% 26% 28% 13% 18% 18% 17% 22% 39% 47% 24%
0 1 1 2 2 2 2 1 3 2 2 3 2
Interest 7 6 6 5 4 1 2 2 4 6 15 19 3
Depreciation 0 0 0 0 0 1 1 1 1 1 1 1 1
Profit before tax 8 9 3 3 9 22 10 8 7 15 13 16 18
Tax % 31% 29% 24% 31% 36% 35% 28% 37% 24% 29% 30% 32% 36%
5 7 2 2 6 14 7 5 5 10 9 11 12
EPS in Rs 1.42 1.85 0.70 0.76 1.40 3.29 1.71 1.10 0.94 2.05 1.77 1.91 2.07
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 TTM
87 115 159 198 262 299 149 257 256 316
62 80 114 137 194 211 109 208 207 216
Operating Profit 25 35 44 61 68 89 41 49 49 100
OPM % 29% 31% 28% 31% 26% 30% 27% 19% 19% 32%
0 2 1 4 2 2 2 7 7 9
Interest 8 9 12 15 21 24 27 17 14 43
Depreciation 0 1 1 1 1 1 1 2 3 4
Profit before tax 17 27 32 48 48 65 14 38 40 62
Tax % 39% 38% 33% 35% 35% 37% 38% 34% 30%
10 17 22 31 31 41 9 25 28 42
EPS in Rs 10.56 6.66 7.14 9.47 8.70 11.06 2.46 5.90 5.65 7.80
Dividend Payout % 0% 0% 0% 0% 17% 0% 0% 0% 58%
Compounded Sales Growth
10 Years: %
5 Years: 5%
3 Years: -5%
TTM: -2%
Compounded Profit Growth
10 Years: %
5 Years: -4%
3 Years: -14%
TTM: 17%
Stock Price CAGR
10 Years: %
5 Years: 41%
3 Years: 93%
1 Year: 116%
Return on Equity
10 Years: %
5 Years: 8%
3 Years: 5%
Last Year: 6%

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 Sep 2023
Equity Capital 10 26 28 32 35 36 36 42 45 45
Reserves 116 118 166 263 219 253 276 389 421 423
31 92 93 161 171 218 189 30 146 76
105 120 145 140 352 291 425 674 898 1,215
Total Liabilities 262 355 433 596 777 798 926 1,136 1,511 1,759
3 10 10 10 10 9 9 43 46 52
CWIP 0 0 11 12 14 20 39 13 17 16
Investments 0 0 2 2 2 1 1 0 83 150
259 345 410 572 752 767 876 1,080 1,364 1,541
Total Assets 262 355 433 596 777 798 926 1,136 1,511 1,759

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
56 27 -19 -147 12 -16 91 161 -101
-1 -1 1 -1 -0 -7 -42 29 -82
23 -20 27 141 -11 21 -19 -74 95
Net Cash Flow 78 6 10 -7 0 -1 30 116 -87

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
Debtor Days 29 207 93 215 2 1 6 2 4
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
Working Capital Days 449 461 568 730 328 441 955 307 472
ROCE % 18% 16% 16% 15% 19% 8% 11% 9%

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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