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 382 Cr.
  • Current Price 107
  • High / Low 135 / 70.0
  • Stock P/E 43.6
  • Book Value 87.6
  • Dividend Yield 0.00 %
  • ROCE 8.42 %
  • ROE 2.92 %
  • Face Value 10.0

Pros

  • Company has reduced debt.

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of 5.36% over past five years.
  • Company has a low return on equity of 9.31% for last 3 years.
  • Dividend payout has been low at 5.74% of profits over last 3 years

Peer comparison

Sector: Realty Industry: Construction

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021
27.49 44.72 77.26 112.06 36.55 33.39 94.24 135.31 10.54 29.77 44.45 64.49
21.67 36.64 57.03 78.80 26.22 22.18 55.10 107.36 8.38 20.70 30.01 49.54
Operating Profit 5.82 8.08 20.23 33.26 10.33 11.21 39.14 27.95 2.16 9.07 14.44 14.95
OPM % 21.17% 18.07% 26.18% 29.68% 28.26% 33.57% 41.53% 20.66% 20.49% 30.47% 32.49% 23.18%
Other Income 0.66 1.04 0.58 0.54 0.26 1.09 0.30 0.56 0.23 0.31 0.23 1.12
Interest 4.59 5.35 5.34 5.99 5.33 6.70 6.06 6.25 6.85 6.90 6.73 6.39
Depreciation 0.28 0.29 0.29 0.29 0.29 0.29 0.27 0.25 0.28 0.35 0.25 0.25
Profit before tax 1.61 3.48 15.18 27.52 4.97 5.31 33.11 22.01 -4.74 2.13 7.69 9.43
Tax % 29.19% 47.70% 33.07% 34.34% 44.67% 46.14% 37.06% 33.21% -4.22% 6.57% 30.69% 29.37%
Net Profit 1.16 1.86 10.20 17.46 2.56 2.57 19.45 14.73 -4.83 1.97 5.04 6.57
EPS in Rs 0.33 0.53 2.91 4.96 0.72 0.72 5.47 4.14 -1.36 0.55 1.42 1.85

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
87 115 159 198 262 299 149
62 80 114 137 194 211 109
Operating Profit 25 35 44 61 68 89 41
OPM % 29% 31% 28% 31% 26% 30% 27%
Other Income 0 2 1 4 2 2 2
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 14
Tax % 39% 38% 33% 35% 35% 37% 38%
Net Profit 11 17 20 30 31 39 9
EPS in Rs 10.56 6.66 7.14 9.47 8.70 11.06 2.46
Dividend Payout % -0% -0% -0% -0% 17% -0% -0%
Compounded Sales Growth
10 Years:%
5 Years:5%
3 Years:-9%
TTM:-50%
Compounded Profit Growth
10 Years:%
5 Years:-13%
3 Years:-34%
TTM:-78%
Stock Price CAGR
10 Years:%
5 Years:6%
3 Years:-12%
1 Year:38%
Return on Equity
10 Years:%
5 Years:10%
3 Years:9%
Last Year:3%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
10 26 28 32 35 36 36
Reserves 116 118 166 263 219 253 276
Borrowings 31 92 93 161 171 218 165
105 120 145 140 352 291 450
Total Liabilities 262 355 433 596 777 798 926
3 10 10 10 10 9 9
CWIP 0 0 11 12 14 20 30
Investments -0 -0 2 2 2 1 1
259 345 410 572 752 767 885
Total Assets 262 355 433 596 777 798 926

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
56 27 -19 -147 12 -16 91
-1 -1 1 -1 -0 -7 -42
23 -20 27 141 -11 21 -19
Net Cash Flow 78 6 10 -7 0 -1 30

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
ROCE % 18% 17% 17% 16% 19% 8%
Debtor Days 29 207 93 215 2 1 6
Inventory Turnover -0.22 -0.31 -0.26 0.05 -0.03 -0.05

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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