Arvind SmartSpaces Limited

NSE: ARVSMARTResidential, Commercial Projects

Share price

₹608.50

-0.65% close of 8 Oct 2026

Market cap ₹2,799 CrP/E 15.2

Price-based ratios (P/B, dividend yield, EV/EBITDA) are as of 7 Oct 2026, the close above is 8 Oct 2026.

Business score

How strong the business is, in one number. The parts behind it are in Pro.

out of 100 · worked out 8 Oct 2026

Your ratios

The numbers you want to see first. Tap Edit to change them.

Market cap

₹2,799 Cr

P/E ratio

15.2

P/B ratio

4.3

ROCE

12.4%

ROE

14.1%

Dividend yield

0.4%

Price & valuation chart

How the share price and its valuation have moved. Hover over the chart to see any day. Prices as of the last close.

Prices as of 8 Oct 2026 close52-week high ₹694.8552-week low ₹501.35

Answers

Simple answers to the questions investors ask most, from the company's own numbers.

How fast it has been growing

Our sales figures for this company step up at Sep 2024 and we hold nothing that says why, so we cannot honestly quote a growth rate across it.

Whether it grew faster than its sector

Our sales figures for this company step up at Sep 2024 and we hold nothing that says why, so there is no honest growth rate of its own to set against its sector.

Room to re-rate, or risk of de-rating

At 15.2× earnings against a market that pays 23.9× across 2199 companies we can price. Its own industry sits at 36.6×, across 5 companies. It is against its own five-year median of 46.1×, the 1st percentile of its own range.

Whether growth justifies the valuation

Priced at 0.3 times its growth rate, on earnings growth of 52%.

	Profit growth	Price per ₹1 profit	Per 1% growth
Arvind SmartSpaces Limited — this one	52%/yr	15.2×	₹0.29
DLF Limited	27%/yr	36.6×	₹1.4
Lodha Developers Limited	56%/yr	25.8×	₹0.46
The Phoenix Mills Limited	12%/yr	49.2×	₹4.1
Prestige Estates Projects	18%/yr	53.4×	₹3.0
Oberoi Realty	9%/yr	22.9×	₹2.5

Compared with companies filed under the same label. That grouping comes from the exchange's filing category, so some of them may not be real rivals.

How it compares with its peers

Against companies the exchange files under the same label (Residential, Commercial Projects), it ranks 25 of 86 on returns, 28 of 80 on growth, 24 of 86 on margin. That grouping comes from the exchange's filing category, so some of them may not be real rivals.

What makes it hard to beat — and is that still true?

A narrow advantage: it earns 12.4% on capital, ahead of 71% of companies filed under the same label. That grouping comes from the exchange's filing category, so some of them may not be real rivals.

Whether its growth pays for itself

No — Over the last five years the business itself consumed ₹164 crore of cash before any plant spend, funded mostly borrowed — borrowings rose from ₹30 crore to ₹583 crore. And the profit is not backed by cash: it reported a profit over 12 years and consumed cash from the business. Its cash comes back faster than it used to: it went from being waiting 306 days for its cash to waiting 103 days for its cash.

Profit reality check

Is the profit real cash? Simple checks on the accounts. Facts only, not advice.

7 of 9 checks clear · 78%

Latest result · Q1 FY27

What the last results showed. Whether management kept its word is in Pro.

Announced 7 Aug 2026 · Consolidated · Unaudited

Revenue

₹318 Cr

Net profit

₹97 Cr

EPS

₹21.80

Earnings call transcript · 7 Aug 2026

Checklist before you investPRO

Points for and against, in one list.

Key numbers & peers

The main numbers grouped by topic, and how the company compares with similar ones.

Price

Market cap: ₹2,799 Cr
Prev close: ₹608.50
52w High: ₹708
52w Low: ₹487
Enterprise value: ₹3,207 Cr
Beta: 1.4
Price CAGR 1y: 1.0%
Price CAGR 3y: 21.0%
Price CAGR 5y: 25.0%
Price CAGR 10y: 22.0%

Ratios

Return on assets: 2.9%
PEG ratio: 0.3
P/E ratio: 15.2
P/B ratio: 4.3
EV / EBITDA: 22.2
Industry P/E: 23.4
ROCE: 12.4%
ROCE 5y average: 13.2%
ROE: 14.1%
Debt / Equity: 0.9
Interest coverage: 5.4
Dividend yield: 0.4%
ROE 3y average: 14.0%
ROE last year: 14.0%

Annual P&L

Annual revenue: ₹564 Cr
Annual profit: ₹103 Cr
Operating margin: 27.0%
Net profit margin: 18.3%
EBITDA margin: 27.0%
Sales growth 3y: 30.1%
Sales growth 5y: 30.5%
Profit growth 3y: 52.0%
Profit growth 5y: 59.0%
EPS: ₹21.0
Sales growth TTM: 5.0%
Profit growth TTM: 55.0%
Dividend payout: 11.0%

Quarter P&L

Sales latest quarter: ₹318 Cr
Profit latest quarter: ₹97 Cr
YoY quarterly sales growth: 212.1%
YoY quarterly profit growth: 708.3%
OPM latest quarter: 49.2%

Balance Sheet

Book Value: ₹141
Face Value: ₹10.0
Total debt: ₹583 Cr
Total cash: ₹174 Cr
Borrowings: ₹583 Cr
Reserves / Equity: 13.1

Cash Flow

Operating cash flow: -₹170 Cr
Free cash flow: -₹217 Cr
FCF yield: -8.9%
Net cash flow: ₹71 Cr

Shareholding

Promoter holding: 53.8%
FII holding: 0.7%
DII holding: 9.0%
Public holding: 36.5%

Peer comparison

Company	Price ₹	P/E	Mkt cap ₹ Cr	Div yield %	Profit qtr ₹ Cr	Profit var %	Sales qtr ₹ Cr	Sales var %	ROCE %
DLF	656.00	37.8	1,62,515	1.22	793.9	4.1	1,280.3	-52.9	6.3
Lodha Developers	1,109.40	26.8	1,10,555	0.38	1,373.1	103.4	4,996.7	43.1	16.4
Phoenix Mills	1,845.50	51.0	66,168	0.14	394.5	23.3	1,074.9	12.8	12.4
Oberoi Realty	1,736.00	23.7	62,685	0.46	543.5	29.0	1,300.9	31.7	17.3
Prestige Estates	1,429.30	54.3	61,885	0.14	271.4	-19.4	2,675.1	15.9	10.4
Godrej Propert.	1,580.20	29.5	47,745	0.63	349.4	-41.7	506.2	16.5	7.6
Anant Raj	612.15	38.1	22,033	0.16	149.2	18.9	631.4	6.6	12.1
Arvind SmartSp.	612.50	15.3	2,814	0.37	97.4	785.6	317.6	212.1	12.4
Median	138.95	24.1	962	0.00	8.5	26.6	90.7	14.3	7.6

Competes with: Anant Raj Limited, Brigade Enterprises Limited, DLF Limited, Godrej Properties, Lodha Developers Limited, Oberoi Realty, Prestige Estates Projects, The Phoenix Mills Limited

Quarterly results

Sales and profit for each of the last 13 quarters. Newest on the right. ₹ crore.

Consolidated · to 30 Jun 2026

Line item	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Sales	67	73	84	117	74	266	210	163	102	141	166	155	318
Expenses	41	39	64	86	65	200	151	130	80	111	125	96	161
Material Cost								14	6.48	8.84	9.00	14	12
Change in Inventories								-81	-72	-70	-243	-364	-368
Purchases of Stock-in-Trade								108	106	128	300	371	429
Employee Cost								26	16	20	25	24	32
Other Expenses								62	24	25	34	50	55
Operating Profit	26	34	20	31	9	66	59	34	21	30	42	59	156
OPM %	39	47	24	27	12	25	28	21	21	21	25	38	49
Other Income	2	3	2	3	3	4	5	11	5	4	4	8	4
Exceptional items (within Other Income)								0	0	0	0	0	0
Interest	15	19	3	4	3	5	5	8	8	6	5	12	22
Depreciation	1	1	1	1	1	1	1	1	2	1	2	2	5
Profit before tax	13	16	18	28	7	64	58	36	17	25	39	54	134
Tax %	30	32	36	31	38	33	14	39	28	29	25	19	27
Net Profit	9	11	12	20	5	43	50	22	12	18	29	44	97
EPS in Rs	1.77	1.91	2.07	3.42	0.64	8.93	10	4.20	2.44	3.09	6.27	9.23	22
Diluted EPS in Rs								4.17	2.41	3.09	6.25	9.59	22

Profit & loss

Yearly sales, costs and profit for 12 years, plus the last 12 months (TTM). ₹ crore.

Consolidated · to 31 Mar 2026

Line item	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
Sales	87	115	159	198	262	299	149	257	256	341	713	564	780
Expenses	62	80	114	137	194	211	109	208	207	229	545	412	493
Material Cost											52	39
Change in Inventories											-73	-749
Purchases of Stock-in-Trade											346	905
Employee Cost											73	85
Other Expenses											147	133
Operating Profit	25	35	44	61	68	89	41	49	49	112	168	152	287
OPM %	29	31	28	31	26	30	27	19	19	33	24	27	37
Other Income	0	2	1	4	2	2	2	7	7	9	23	20	20
Exceptional items (within Other Income)											0	0
Interest	8	9	12	15	21	24	27	17	14	41	21	31	45
Depreciation	0	1	1	1	1	1	1	2	3	4	4.92	6	10
Profit before tax	17	27	32	48	48	65	14	38	40	76	165	135	252
Tax %	39	38	33	35	35	37	38	34	30	33	28	23
Net Profit	10	17	22	31	31	41	9	25	28	51	119	103	189
EPS in Rs	11	6.66	7.14	9.47	8.70	11	2.46	5.90	5.65	9.17	24	21	40
Diluted EPS in Rs											24	21
Dividend Payout %	0	0	0	0	17	0	0	0	58	38	25	11

Compounded growth

Average yearly growth over different spans, as stored. A span can cross a demerger or an acquisition.

Compounded sales growth

10 years: 17%
5 years: 31%
3 years: 30%
TTM: 5%

Compounded profit growth

10 years: 18%
5 years: 59%
3 years: 52%
TTM: 55%

Stock price CAGR

10 years: 22%
5 years: 25%
3 years: 21%
1 year: 1%

Return on equity

10 years: 11%
5 years: 11%
3 years: 14%
Last year: 14%

Balance sheet

What the company owns and what it owes, at the end of each year. ₹ crore.

Consolidated

Line item	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	10	26	28	32	35	36	36	42	45	45	46	46
Reserves	116	118	166	263	219	253	276	397	421	449	552	603
Borrowings	31	92	93	161	171	218	189	30	146	110	285	583
Other Liabilities	105	120	145	140	352	291	425	667	898	1,497	1,783	2,356
Minority Interest											210	247
Total Liabilities	262	355	433	596	777	798	926	1,136	1,511	2,102	2,666	3,588
Fixed Assets	3	10	10	10	10	9	9	43	46	53	58	60
CWIP	0	0	11	12	14	20	39	13	17	19	25	62
Investments	0	0	2	2	2	1	1	0	83	103	186	121
Other Assets	259	345	410	572	752	767	876	1,080	1,364	1,927	2,397	3,345
Total Assets	262	355	433	596	777	798	926	1,136	1,511	2,102	2,671	3,594

Cash flows

Real money coming in and going out each year — from the business, from investments and from loans. ₹ crore.

Consolidated

Line item	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Cash from Operating Activity	56	27	-19	-147	12	-16	91	161	-101	30	-84	-170
Cash from Investing Activity	-1	-1	1	-1	-0	-7	-42	29	-82	-28	-109	-6
Cash from Financing Activity	23	-20	27	141	-11	21	-19	-74	95	-3	185	248
Net Cash Flow	78	6	10	-7	0	-1	30	116	-87	-1	-8	71
Free Cash Flow	54	25	-24	-150	9	-22	80	151	-111	15	-99	-217

Ratios

How fast customers pay, how long stock sits, and how well capital earns — year by year.

Consolidated

Line item	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Debtor Days	29	207	93	215	2	1	6	2	4	3	7	10
Inventory Days	8,524				9,212
Days Payable	4,159				873
Cash Conversion Cycle	4,395	207	93	215	8,341	1	6	2	4	3	7	10
Working Capital Days	416	438	547	730	327	339	894	306	469	182	56	103
ROCE %		18	16	16	15	19	8	10	9	16	19	12

Shareholding pattern

Who owns the company — founders (promoters), foreign funds, Indian funds and the public. In %.

Consolidated · to 30 Jun 2026

Line item	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Promoters	51	51	51	50	50	50	50	50	50	50	54	54
FIIs	0.85	0.49	0.41	1.81	2.51	2.65	2.01	1.60	1	0.83	0.67	0.69
DIIs	12	12	14	12	13	13	13	14	15	16	8.60	8.99
Public	37	37	36	35	34	34	35	35	34	34	37	37
No. of Shareholders	87,548	89,484	91,912	91,031	91,803	92,640	94,203	96,519	96,261	94,382	93,140	92,477

Price trend

The price as a Renko brick chart: small moves drop out so the bigger path stands out.

Change over 1 year +0.8% (₹603.50 → ₹608.50)Brick size ₹25.01 (fixed)Bricks 23

Price moved up one brickPrice moved down one brickLast close ₹608.50 on 8 Oct 2026

Every brick is the same size, about one typical day's move. A new brick needs a full brick's move; turning the other way needs two. Bricks show where the price went, not where it will go.

Open interestPRO

Where option traders are positioned on this stock.

Industry numbers

The numbers that matter most in this industry, from the company's own filings.

1 when an audit qualification is filed as repetitive

0.00flag

2026-03-31

the company's own unlisted debt securities in default at period end

0.00cr

2026-06-30

the company's own loans / revolving facilities in default at period end (standalone filing)

0.00cr

2026-06-30

total loans / revolving facilities outstanding at period end, the base of loan_default_cr

577cr

2026-06-30

guarantees / comfort given for promoter, promoter group, directors and KMP

0.00cr

2026-03-31

loans outstanding to promoter, promoter group, directors and KMP (governance filing)

0.00cr

2026-03-31

security given for the borrowing of promoter, promoter group, directors and KMP

0.00cr

2026-03-31

FY revenue / permanent employees + workers, same basis (calc)

1,07,83,939inr

2026-03-31

News

News and filings about Arvind SmartSpaces Limited. Open one to see why it matters.

No recent news for this company.

Supply chain

Who it buys from, sells to and competes with — as recorded in our map of company links.

Competes with

Uses as raw material

Aggregates and sand
Cement
Ready-mix concrete
Steel (TMT / reinforcement)

Depends on the price of

cement
steel

About

What the company is, from our own records: where it sits, where it makes things, and what it is made of.

Sector: Realty
Industry: Residential, Commercial Projects
Classification: Realty › Residential, Commercial Projects
ISIN: INE034S01021

News impact

Big market events that reach Arvind SmartSpaces Limited, and how the effect spreads.

23 Sept, 10:50 IST · Market event · high impact

Arvind SmartSpaces share price jumps 12% today as ₹500 crore bookings in 30 days spark investors' interest - Details - livemint.com

Arvind SmartSpaces sold Rs 500 crore of Bengaluru flats in 30 days, lifting its shares 11-12% and future revenue, while rival builders and its textile and fashion group siblings gain nothing.

Realty

Who it hits first

Arvind SmartSpaces, a small homebuilder in the Arvind group, sold Rs 500 crore of flats in 30 days at Arvind Sylva, its 375-home project on Sarjapur Road in Bengaluru.
The project hit 60% value-based absorption on just 4.7 acres, and the shares jumped 11-12% on the news.
Sister group firms in textiles and fashion, and rival builders, booked none of these sales.

Who may gain

Arvind SmartSpaces: Rs 500 crore of bookings converting into future home-sale revenue.
Existing shareholders: an 11-12% price jump on proof of fast sales.
Bengaluru housing sentiment: a 60% absorption print that heartens the local market.

Along the supply chain

Downstream

Downstream are the homebuyers themselves: 375 families on Sarjapur Road take finished flats, with brokers and home-loan lenders earning fees along the way.

Upstream

Upstream, cement, steel, labour and contractor demand rises as the 4.7-acre, 375-home project gets built, though the pack names no supplier to Arvind SmartSpaces.

Where demand moves

Business

True buyer demand showed up: families booked 375 premium homes worth Rs 500 crore in 30 days, which becomes Arvind SmartSpaces revenue as the project is built and handed over; no other builder shares these buyers.

Capital

Capital chased the proof: traders and investors bid Arvind SmartSpaces up 11-12%, while group siblings Arvind and Arvind Fashions and rival builders attract only passing sympathy money.

How it spreads across sectors

Realty

Mildly positive tone: a 60% absorption sellout signals healthy Bengaluru demand, but sales stay with Arvind SmartSpaces alone.

Textiles

No ripple: the group sibling's fabric and garment business is untouched by home sales in Bengaluru.

When it plays out

Immediate

The stock digests the 11-12% jump as booking details and the 60% absorption figure circulate.

Medium term

Build-out of the 375 homes and further Bengaluru launches decide if the sales pace repeats or was one-off.

Short term

Allotment progress and construction start at Arvind Sylva confirm whether bookings turn into collections.

Dividends, splits & big trades

Money paid out, share splits and buybacks, and big buys or sells by funds and insiders.

Dividends

28 Aug 2026	unspecified	₹2.25
25 Jul 2025	unspecified	₹6
18 Jul 2024	unspecified	₹2.5
18 Jul 2024	special	₹1
21 Jul 2023	unspecified	₹1.65
21 Jul 2023	special	₹1.65
26 Jul 2019	unspecified	₹1.5

Splits, bonuses & buybacks

daily-prices repair: 9 rows from NSE's archive (replace 1, delete 1, insert 7), 2016-10-30..2026-02-01 (docs/flat_day_repair.md)1× · 30 Oct 2016

Bulk & block deals

Date	Who	Bought / sold	Shares	Price
23 Sep 2026	MICROCURVES TRADING PRIVATE LIMITED	BUY	2,95,220	₹649.48
23 Sep 2026	MICROCURVES TRADING PRIVATE LIMITED	SELL	2,95,220	₹650.36
23 Sep 2026	QE SECURITIES LLP	BUY	2,33,716	₹645.06
23 Sep 2026	QE SECURITIES LLP	SELL	2,26,027	₹648.38
7 Aug 2026	MICROCURVES TRADING PRIVATE LIMITED	SELL	5,43,241	₹660.12
7 Aug 2026	MICROCURVES TRADING PRIVATE LIMITED	BUY	5,43,241	₹658.99
7 Aug 2026	NK SECURITIES RESEARCH PRIVATE LIMITED	SELL	3,09,995	₹664.57
7 Aug 2026	NK SECURITIES RESEARCH PRIVATE LIMITED	BUY	3,09,995	₹664.10

Documents

Annual reports, results presentations and earnings calls, straight from the source.

Facts from company filings and exchange data. Not investment advice: nothing here tells you to buy or sell.