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    Real estate development
Arvind SmartSpaces Ltd.

Arvind SmartSpaces Ltd.

589.00
INR
-7.20
(-1.21%)
41.59EPS
14.77P/E
27.57BMarket Cap
Oct 30Next Earn
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
2026 Y
TTM
Revenue per Share
8.66
44.43
60.69
65.26
75.82
83.99
40.13
63.1
55.92
72.88
155.32
122
172.24
Basic EPS, GAAP
1.06
6.66
7.83
10.01
8.9
11.08
2.46
6.47
5.83
9.17
24.28
21.04
40.69
Free Cash Flow per Basic Share
5.39
-6.48
-9.32
-49.66
2.47
-6.35
22.2
39.02
-25.38
3.22
-21.87
-47.44
- -
Dividend per Share
- -
- -
- -
- -
- -
1.8
- -
- -
- -
3.28
3.5
6
- -
Book Value per Share
48.72
55.64
68.54
92.57
72.24
81.23
87.57
103.41
102.93
109.07
131.24
141.54
- -
Tangible Book Value per Share
48.69
55.61
68.51
92.56
72.23
81.15
87.49
103.16
102.52
108.65
130.99
141.44
- -
Basic Weighted Avg Shares
101
26
26
30
34
35
36
39
44
45
46
46
45
Sales/Revenue/Turnover
871
1,147
1,572
1,968
2,614
2,980
1,427
2,443
2,458
3,302
7,068
5,593
7,799
Operating Margin (%)
26.81
29.63
27.4
30.45
25.59
30.03
27.74
19.75
18.88
32.48
23.12
27.23
35.56
Depreciation Expense
4
9
10
11
12
11
11
15
27
45
49
63
95
Net Income, GAAP
106
172
203
302
307
393
87
251
256
416
1,105
964
1,843
Effective Tax Rate (%)
39.43
38.15
32.96
34.96
34.76
37.08
37.73
34.15
29.69
32.52
27.88
23.47
25.19
Profit Margin (%)
12.19
15
12.91
15.34
11.73
13.19
6.13
10.26
10.42
12.59
15.63
17.24
23.63
Working Capital
1,030
1,957
2,534
4,045
2,428
2,839
4,008
3,683
4,758
3,361
3,522
4,553
- -
LT Debt
227
430
453
1,001
807
734
1,645
297
1,435
943
2,313
4,997
- -
Total Equity
1,258
1,518
2,113
3,141
2,650
3,046
3,500
4,767
4,954
6,262
8,082
8,962
- -
Return on Invested Capital (%)
- -
8.32
8.17
9.87
9.46
11.46
4.63
5.9
5.57
10.42
12.8
9.02
- -
Return on Capital (%)
- -
9.75
9.66
9.96
9.63
11
4.66
6.63
5.79
8.66
12.77
8.79
- -
Return on Common Equity (%)
- -
12.77
11.99
12.32
11.16
14.47
2.91
6.68
5.66
8.65
20.23
15.47
- -

Capital Structure

INR

•

in mil. unless spec.
Dec'26
Mar'26
Jun'27
ST Debt
- -
835
- -
LT Borrowings
- -
4,949
- -
LT Finance Leases
- -
47
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
46
46
46
Market Capitalization
27,128
22,979
27,566

Working Capital

INR

•

in mil. unless spec.
Dec'26
Mar'26
Jun'27
Total Current Assets
- -
26,419
- -
Cash, Cash Equivalents & STI
- -
2,823
- -
Accounts Receivable, Net
- -
155
- -
Inventories
- -
22,222
- -
Total Current Liabilities
- -
21,866
- -
Payables & Accruals
- -
- -
- -
ST Debt
- -
835
- -
Deferred Revenue
- -
- -
- -

Growth Rates

INR

•

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
25.63%
39.87%
-20.87%
Total Cash Common Dividend
- -
- -
72.89%

Quarterly Revenue

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
745
2,656
2,102
1,631
7,068
2026
1,018
1,405
1,664
1,554
5,593
2027
3,176
- -
- -
- -
- -

Quarterly Earnings Per Share

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
0.64
8.95
10.49
4.2
24.28
2026
2.44
3.09
6.27
9.63
21.04
2027
21.8
- -
- -
- -
- -

Quarterly Dividends Per Share

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
- -
- -
- -
- -
3.5
2026
- -
- -
- -
- -
6
2027
- -
- -
- -
- -
- -

Company Description

Company Profile APIChatGPT
CEO
Priyansh Kapoor
Full Time Employees
434
Sector
Finance
Industry
Real estate development
Address
24, Government Servant's Society Ahmedabad GU India 380009
IPO Date
Aug 26, 2015
Website
arvindsmartspaces.com
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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.