1. India Stocks

  2. •

    Real Estate

  3. •

    Real Estate - Development
Arvind SmartSpaces Limited

Arvind SmartSpaces Limited

ARVSMART.NS
Arvind SmartSpaces LimitedIN flagNational Stock Exchange of India
607.05
INR
-1.50
- -
27.84BMarket Cap
Arvind SmartSpaces Limited
ARVSMART.NS
(National Stock Exchange of India)

Recent

price

607.05

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
- -
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
- -
21.25
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
- -
- -
Free Cash Flow per Basic Share
- -
- -
- -
- -
- -
1.8
- -
- -
- -
3.28
3.5
- -
- -
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
- -
10.11
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
- -
197.36
Tangible Book Value per Share
100
26
26
30
34
35
36
39
44
45
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
29,862
27,072
22,797

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
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
3.28
2025
- -
- -
- -
- -
3.5
2026
- -
- -
- -
- -
- -
Similar Companies
Lancor Holdings Limited (LANCORHOL.NS)
Cheuk Nang (Holdings) Limited (0131.HK)
MOH Nippon Plc (MOH.L)
Property Perfect Public Company Limited (PF.BK)
Tibet Urban Development and Investment Co.,LTD (600773.SS)
Landix Inc. (2981.T)
Business
Arvind SmartSpaces Limited develops residential, commercial, industrial and hospitality real estate projects including villa townships, luxury apartments, plotted developments, gated communities, office spaces, retail centers and industrial parks; the company offers premium bungalows, golf villas, penthouses, duplex units, high-rise apartments and horizontal plotted communities with amenities such as clubhouses, swimming pools, gyms, spas, executive golf courses and landscaped gardens. Headquartered in Ahmedabad, Gujarat and founded in 2008 as a wholly owned subsidiary of Arvind Limited before demerging in 2015 and listing on BSE and NSE, Arvind SmartSpaces operates primarily in Gujarat, Karnataka and Maharashtra with expansion into strategic cities including projects in Ahmedabad, Bengaluru, Pune, Mumbai Metropolitan Region and Surat. The real estate arm of the Kasturbhai Lalbhai Group targets premium residential and commercial customers through an asset-light model emphasizing joint developments and timely delivery across 24 projects in Gujarat alone. Recent developments include a joint venture with Sach Developers for a 92-acre multi-use plotted and villa project near Khopoli in Mumbai MMR with Rs 1,500 crore topline potential under a 70.5% revenue share model in January 2025; addition of a Rs 400 crore premium high-rise residential project in Vastrapur, West Ahmedabad in November 2025 marking re-entry into vertical developments after over a decade; acquisition of a new horizontal project in Sanand and a mega industrial park in early 2025; launch of Arvind Aqua City and Arvind Uplands 3.0 in Ahmedabad; a Rs 600 crore high-rise project along ITPL Road in Bengaluru in October 2024; and cumulative new business topline potential of Rs 2,500 crore year-to-date as of early 2025 alongside leadership changes including appointment of Priyansh Kapoor as CEO in July 2025.