Arkade Developers Ltd
Arkade Developers Limited is a real estate development company focused on developing high-end, sophisticated lifestyle residential developments in Mumbai, Maharashtra.[1]
- Market Cap ₹ 1,946 Cr.
- Current Price ₹ 105
- High / Low ₹ 214 / 92.6
- Stock P/E 13.1
- Book Value ₹ 51.4
- Dividend Yield 0.95 %
- ROCE 30.3 %
- ROE 25.8 %
- Face Value ₹ 10.0
Pros
- Company has a good return on equity (ROE) track record: 3 Years ROE 31.6%
Cons
* 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
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|
| 106 | 225 | 220 | 635 | 683 | 751 | |
| 80 | 170 | 160 | 467 | 477 | 556 | |
| Operating Profit | 26 | 54 | 60 | 168 | 206 | 196 |
| OPM % | 24% | 24% | 27% | 26% | 30% | 26% |
| 5 | 15 | 8 | 2 | 12 | 13 | |
| Interest | 1 | 4 | 1 | 3 | 2 | 1 |
| Depreciation | 0 | 0 | 0 | 1 | 5 | 9 |
| Profit before tax | 29 | 66 | 67 | 165 | 211 | 199 |
| Tax % | 25% | 22% | 24% | 26% | 26% | |
| 22 | 51 | 51 | 123 | 157 | 148 | |
| EPS in Rs | 105.95 | 252.35 | 253.90 | 8.09 | 8.45 | 7.98 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 45% |
| TTM: | 11% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 48% |
| TTM: | 3% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | -33% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 31% |
| 3 Years: | 32% |
| Last Year: | 26% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|
| Equity Capital | 2 | 2 | 2 | 152 | 186 | 186 |
| Reserves | 97 | 148 | 198 | 171 | 698 | 768 |
| 14 | 64 | 149 | 71 | 115 | 175 | |
| 237 | 156 | 206 | 180 | 252 | 134 | |
| Total Liabilities | 350 | 370 | 555 | 575 | 1,251 | 1,263 |
| 0 | 2 | 2 | 14 | 19 | 219 | |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 114 | 40 | 17 | 18 | 138 | 19 |
| 236 | 329 | 536 | 543 | 1,093 | 1,026 | |
| Total Assets | 350 | 370 | 555 | 575 | 1,251 | 1,263 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|
| 144 | -125 | -99 | 101 | -218 | |
| -98 | 76 | 29 | -12 | -229 | |
| -49 | 46 | 84 | -83 | 445 | |
| Net Cash Flow | -3 | -2 | 14 | 7 | -2 |
| Free Cash Flow | 144 | -126 | -99 | 91 | -227 |
| CFO/OP | 585% | -203% | -134% | 85% | -80% |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|
| Debtor Days | 44 | 9 | 6 | 5 | 19 |
| Inventory Days | 9,429 | ||||
| Days Payable | 1,030 | ||||
| Cash Conversion Cycle | 8,443 | 9 | 6 | 5 | 19 |
| Working Capital Days | -92 | 161 | 390 | 169 | 354 |
| ROCE % | 41% | 24% | 45% | 30% |
Insights
In beta| Mar 2009 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|
| Pre-Sales Value INR Crores |
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| Area Sold (Carpet) Sq. Ft. |
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| Collections INR Crores |
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| Average Selling Price per Unit INR Millions |
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| Ongoing Project Area (Developable) Million Sq. Ft. |
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| Successful Project Deliveries (Cumulative) Number ・Standalone data |
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| Upcoming Project Portfolio Pipeline (GDV) INR Crores |
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Documents
Announcements
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Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
3h - Regulation 74(5) certificate for quarter ended 31 March 2026; shares remain fully dematerialised.
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Intimation Of Business Updates
31 Mar - Arkade received Occupation Certificate for Malad West residential project on 30 March 2026; project completed per approved plans.
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Announcement under Regulation 30 (LODR)-Scheme of Arrangement
25 Mar - NCLT-approved demerger of Filmistan into Arkade; INC-28 filed 25-Mar-2026; appointed date 1-Aug-2025.
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Announcement under Regulation 30 (LODR)-Press Release / Media Release
25 Mar - Launched Arkade Evoke in Goregaon West, 1.09 acres, GDV ₹230 crore, premium 2/3 BHK.
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Company Has Received ISO Certificates.
24 Mar - Arkade Developers received ISO 9001:2015 and ISO 45001:2018 certifications from SGS UK on March 23, 2026.
Concalls
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Feb 2026Transcript PPT
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Oct 2025Transcript PPT REC
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Jul 2025Transcript PPT REC
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May 2025Transcript PPT REC
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Jan 2025Transcript PPT REC
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Nov 2024Transcript PPT
Business Model[1][2]
New Projects: These involve development of residential units on their land; including premium, lifestyle-oriented residential properties with modern amenities