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Arvind SmartSpaces Limited

Arvind SmartSpaces Limited

ARVSMART.BO
Arvind SmartSpaces LimitedIN flagBombay Stock Exchange
607.35
INR
+0.10
- -
27.99BMarket Cap
Arvind SmartSpaces Limited
ARVSMART.BO
(Bombay Stock Exchange)

Recent

price

607.35

P/E

ratio

- -

div

yld

- -

ROIC.AI

2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
TTM
FRC
8.66
44.43
60.69
65.26
75.82
83.99
40.13
63.1
55.92
72.88
156.74
123.05
124.28
Revenue per Share
1.06
6.66
7.83
10.01
8.9
11.08
2.46
6.47
5.83
9.17
24.28
21.04
21.25
Basic EPS, GAAP
5.39
-6.48
-9.32
-49.66
2.47
-6.35
22.2
39.02
-25.38
3.22
-21.86
-47.44
- -
Free Cash Flow per Basic Share
- -
- -
- -
- -
- -
1.8
- -
- -
- -
3.28
3.5
6
- -
Dividend per Share
3.52
26.7
35.31
41.46
23.54
32.24
34.64
40.06
42.35
46.89
67.37
10.01
10.11
Book Value per Share
12.51
58.76
81.55
104.16
76.85
85.77
98.37
122.84
112.29
137.77
177.35
195.4
197.36
Tangible Book Value per Share
100
26
26
30
34
35
36
39
44
45
46
46
45
Basic Weighted Avg Shares
871
1,147
1,572
1,968
2,614
2,980
1,427
2,443
2,458
3,302
7,133
5,641
5,641
Sales/Revenue/Turnover
26.81
29.63
27.4
30.45
25.59
30.03
27.74
19.75
18.88
32.48
22.89
25.81
25.81
Operating Margin (%)
4
9
10
11
12
11
11
15
27
45
49
63
63
Depreciation Expense
106
172
203
302
307
393
87
251
256
416
1,105
964
964
Net Income, GAAP
39.43
38.15
32.96
34.96
34.76
37.08
37.73
34.15
29.69
32.52
27.88
23.47
23.47
Effective Tax Rate (%)
12.19
15
12.91
15.34
11.73
13.19
6.13
10.26
10.42
12.59
15.49
17.1
17.1
Profit Margin (%)
1,030
1,957
2,534
4,045
2,428
2,839
4,008
3,683
4,758
3,361
3,524
4,553
4,553
Working Capital
227
430
453
1,001
807
734
1,645
297
1,435
943
2,313
4,997
4,997
LT Debt
1,258
1,518
2,113
3,141
2,650
3,046
3,500
4,767
4,954
6,262
8,082
8,962
8,962
Total Equity
- -
10.48
10.44
9.88
9.47
11.69
4.64
5.98
5.6
10.45
12.8
8.64
8.64
Return on Invested Capital (%)
- -
16.64
14.31
15.33
15.45
17.26
7.08
12.08
11.38
14.64
18.6
13.48
13.48
Return on Capital (%)
- -
32.97
25.29
27.88
29.75
40.2
7.36
18.01
15.01
20.86
42.58
54.73
54.73
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Sep'26
Dec'26
Mar'26
ST Debt
400
- -
835
LT Borrowings
1,248
- -
4,949
LT Finance Leases
51
- -
47
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
46
- -
46
Market Capitalization
29,889
27,086
22,738

Working Capital

FRC

•

in mil. unless spec.
Sep'26
Dec'26
Mar'26
Total Current Assets
20,106
- -
26,419
Cash, Cash Equivalents & STI
2,659
- -
2,980
Accounts Receivable, Net
75
- -
155
Inventories
16,298
- -
22,222
Total Current Liabilities
17,678
- -
21,866
Payables & Accruals
- -
- -
- -
ST Debt
400
- -
835
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
20.85%
21.29%
10.88%
Free Cash Flow
-121.64%
-171.96%
118.58%
Net Income, GAAP
42.28%
80.82%
-12.71%
Sales/Revenue/Turnover
25.82%
40.26%
-20.92%
Total Cash Common Dividend
- -
- -
72.89%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
668
727
843
1,064
3,302
2025
745
2,656
2,102
1,631
7,133
2026
1,018
1,405
1,664
1,554
5,641

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
1.77
1.91
2.07
- -
9.17
2025
0.64
8.95
10.49
4.2
24.28
2026
2.44
3.09
6.27
9.63
21.04

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
3.28
2025
- -
- -
- -
- -
3.5
2026
- -
- -
- -
- -
6
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Business
Arvind SmartSpaces Limited is a real estate development company specializing in premium residential, commercial, and industrial properties, primarily operating across Ahmedabad, Bengaluru, and the Mumbai Metropolitan Region (MMR). Founded in 2009 and headquartered in Ahmedabad, the company offers a diverse portfolio including luxury apartments, gated communities with clubhouse and recreational amenities, penthouse and duplex apartments, luxury villas with private gardens and pools, well-designed row houses, office spaces tailored for multinational corporations and IT firms with high-end facilities, and retail spaces such as shopping centers. It focuses on delivering high-quality, innovative projects that cater to evolving customer needs. Recent major developments include the acquisition of a premium residential high-rise project in Vastrapur, Ahmedabad, with an estimated saleable area of 360,000 square feet and a top-line potential of Rs. 400 crore, marking the company's 24th project in Gujarat. Arvind SmartSpaces has also completed a significant joint development project in Whitefield, Bengaluru, with an estimated revenue potential of Rs. 600 crore. The company has formed a strategic residential development platform with HDFC Capital Advisors worth Rs. 900 crore, targeting a revenue potential of Rs. 4,000 to Rs. 5,000 crore. Its project portfolio has expanded substantially, with gross development value additions exceeding Rs. 1,000 crore in recent years, alongside plans to invest ₹1,000 crore over the coming quarters to further diversify geographically and scale operations. The company targets high-growth urban markets, with a strategic focus on premium segments in Gujarat, Karnataka, and Maharashtra. Its business development has accelerated with a project portfolio expansion from approximately 25 million square feet in FY22 to over 109 million square feet year-to-date FY26, with a directional investment mix focused on Bengaluru (40%), Ahmedabad (40%), and MMR (20%). This expansion is supported by strong pre-sales growth and cash flow projections, positioning Arvind SmartSpaces for significant growth in the mid-term without straining its balance sheet. The company operates as part of the Kasturbhai Lalbhai Group and continues to reinforce its market presence through asset acquisitions, project launches, and strategic partnerships.