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 ₹ 2,949 Cr.
- Current Price ₹ 642
- High / Low ₹ 708 / 487
- Stock P/E 16.0
- Book Value ₹ 142
- Dividend Yield 0.35 %
- ROCE 12.4 %
- ROE 14.2 %
- Face Value ₹ 10.0
Pros
- Company is expected to give good quarter
- Company has delivered good profit growth of 58.6% CAGR over last 5 years
- Company has been maintaining a healthy dividend payout of 24.5%
Cons
- Company has a low return on equity of 13.5% 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 Consumer Discretionary
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
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 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 87 | 115 | 159 | 198 | 262 | 299 | 149 | 257 | 256 | 341 | 713 | 564 | 780 | |
| 62 | 80 | 114 | 137 | 194 | 211 | 109 | 208 | 207 | 229 | 545 | 412 | 493 | |
| Operating Profit | 25 | 35 | 44 | 61 | 68 | 89 | 41 | 49 | 49 | 112 | 168 | 152 | 287 |
| OPM % | 29% | 31% | 28% | 31% | 26% | 30% | 27% | 19% | 19% | 33% | 24% | 27% | 37% |
| 0 | 2 | 1 | 4 | 2 | 2 | 2 | 7 | 7 | 9 | 23 | 20 | 20 | |
| Interest | 8 | 9 | 12 | 15 | 21 | 24 | 27 | 17 | 14 | 41 | 21 | 31 | 45 |
| Depreciation | 0 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 3 | 4 | 5 | 6 | 10 |
| Profit before tax | 17 | 27 | 32 | 48 | 48 | 65 | 14 | 38 | 40 | 76 | 165 | 135 | 252 |
| Tax % | 39% | 38% | 33% | 35% | 35% | 37% | 38% | 34% | 30% | 33% | 28% | 23% | |
| 10 | 17 | 22 | 31 | 31 | 41 | 9 | 25 | 28 | 51 | 119 | 103 | 189 | |
| 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 | 21.03 | 40.18 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 17% | 0% | 0% | 0% | 58% | 38% | 25% | 11% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 17% |
| 5 Years: | 30% |
| 3 Years: | 30% |
| TTM: | 5% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 18% |
| 5 Years: | 59% |
| 3 Years: | 52% |
| TTM: | 55% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 23% |
| 5 Years: | 37% |
| 3 Years: | 22% |
| 1 Year: | 4% |
| Return on Equity | |
|---|---|
| 10 Years: | 11% |
| 5 Years: | 11% |
| 3 Years: | 14% |
| Last Year: | 14% |
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 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 | 603 |
| 31 | 92 | 93 | 161 | 171 | 218 | 189 | 30 | 146 | 110 | 285 | 583 | |
| 105 | 120 | 145 | 140 | 352 | 291 | 425 | 667 | 898 | 1,497 | 1,783 | 2,356 | |
| Total Liabilities | 262 | 355 | 433 | 596 | 777 | 798 | 926 | 1,136 | 1,511 | 2,102 | 2,666 | 3,588 |
| 3 | 10 | 10 | 10 | 10 | 9 | 9 | 43 | 46 | 53 | 58 | 60 | |
| CWIP | 0 | 0 | 11 | 12 | 14 | 20 | 39 | 13 | 17 | 19 | 25 | 62 |
| Investments | 0 | 0 | 2 | 2 | 2 | 1 | 1 | 0 | 83 | 103 | 186 | 121 |
| 259 | 345 | 410 | 572 | 752 | 767 | 876 | 1,080 | 1,364 | 1,927 | 2,397 | 3,345 | |
| Total Assets | 262 | 355 | 433 | 596 | 777 | 798 | 926 | 1,136 | 1,511 | 2,102 | 2,666 | 3,588 |
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 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 56 | 27 | -19 | -147 | 12 | -16 | 91 | 161 | -101 | 30 | -84 | -170 | |
| -1 | -1 | 1 | -1 | -0 | -7 | -42 | 29 | -82 | -28 | -109 | -6 | |
| 23 | -20 | 27 | 141 | -11 | 21 | -19 | -74 | 95 | -3 | 185 | 248 | |
| Net Cash Flow | 78 | 6 | 10 | -7 | 0 | -1 | 30 | 116 | -87 | -1 | -8 | 71 |
| Free Cash Flow | 54 | 25 | -24 | -150 | 9 | -22 | 80 | 151 | -111 | 15 | -99 | -217 |
| CFO/OP | 252% | 99% | -17% | -217% | 36% | -3% | 224% | 359% | -132% | 41% | -19% | -70% |
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 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 29 | 207 | 93 | 215 | 2 | 1 | 6 | 2 | 4 | 3 | 7 | 10 |
| 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 | 10 |
| Working Capital Days | 416 | 438 | 547 | 730 | 327 | 339 | 894 | 306 | 469 | 182 | 56 | 103 |
| ROCE % | 18% | 16% | 16% | 15% | 19% | 8% | 10% | 9% | 16% | 19% | 12% |
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 |
|
||||||||||
| Unrecognized Revenue (Order Book) ₹ Cr |
|||||||||||
| Collections from Customers ₹ Cr |
|||||||||||
| Project Portfolio (Total Saleable Area) msf |
|||||||||||
| Business Development Pipeline (Cumulative Topline Potential Added) ₹ Cr |
|||||||||||
| Units Booked number |
|||||||||||
Extracted by Screener AI
Documents
Announcements
-
Appointment Of Statutory Auditors In The Material Subsidiaries.
- Walker Chandiok & Co LLP appointed statutory auditor for material subsidiaries from 20 Aug 2026.
-
Announcement under Regulation 30 (LODR)-Newspaper Publication
- We enclose herewith the copies of the newspaper advertisement published on 19th August, 2026 in the Financial Express (In English - All India edition and …
-
Intimation Regarding Physical Letters Sent To Shareholders
- AGM scheduled for 11 Sep 2026; annual report sent to shareholders without email IDs.
-
Business Responsibility and Sustainability Reporting (BRSR)
- Submitted Business Responsibility and Sustainability Report for FY 2025-26 as part of the annual report.
- Reg. 34 (1) Annual Report.
Annual reports
-
Annual Report 2026
from bse
-
Annual Report 2025
from bse
-
Annual Report 2024
from bse
-
Annual Report 2023
from bse
-
Annual Report 2022
from bse
-
Annual Report 2021
from bse
-
Annual Report 2020
from bse
-
Annual Report 2019
from bse
-
Annual Report 2018
from bse
-
Annual Report 2017
from bse
-
Annual Report 2016
from bse
-
Annual Report 2010
from bse
Concalls
-
Aug 2026Transcript PPT REC
-
May 2026Transcript PPT REC
-
Feb 2026Transcript PPT
-
Nov 2025Transcript PPT REC
-
Aug 2025Transcript PPT
-
Jul 2025TranscriptAI SummaryPPT
-
May 2025Transcript PPT
-
Feb 2025Transcript PPT
-
Nov 2024Transcript PPT
-
Aug 2024Transcript PPT
-
Jul 2024TranscriptAI SummaryPPT
-
May 2024Transcript PPT
-
May 2024TranscriptAI SummaryPPT
-
Feb 2024Transcript PPT
-
Nov 2023Transcript PPT
-
Aug 2023Transcript PPT
-
May 2023Transcript PPT
-
May 2023TranscriptAI SummaryPPT
-
Jan 2023Transcript PPT
-
Nov 2022Transcript PPT
-
Aug 2022TranscriptAI SummaryPPT
-
May 2022TranscriptAI SummaryPPT
-
May 2022TranscriptAI SummaryPPT
-
Feb 2022Transcript PPT
-
Nov 2021TranscriptAI SummaryPPT
-
Sep 2021TranscriptAI SummaryPPT
-
Aug 2021TranscriptAI SummaryPPT
-
Aug 2021TranscriptAI SummaryPPT
-
May 2021TranscriptAI SummaryPPT
-
May 2021Transcript PPT
-
Oct 2020Transcript PPT
-
Jun 2020TranscriptPPT
-
Oct 2019TranscriptPPT
-
Nov 2018TranscriptPPT
-
May 2018TranscriptPPT
-
Oct 2016TranscriptPPT
-
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