MarketFriction

Arvind SmartSpaces Ltd

NSE ARVSMART · BSE 539301 · Residential, Commercial Projects
₹592.50 -1.54%
NSE close2026-10-01
52 week range486.80 - 707.85
Market cap₹2,808 Cr.
P/E15.2
Price band 20% Delivery 45.6%

Price

Drag to pan, scroll or pinch to zoom. Ruler (or Shift + drag) measures a move.Dashed lines: 52 week high and low. Prices adjusted for splits and bonuses.

Financials

Consolidated, Rs crore
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales738411774266210163102141166155318
Expenses396486652001511308011112596161
Operating Profit342031966593421304259156
OPM %47%24%27%12%25%28%21%21%21%25%38%49%
Other Income3233451154484
Interest193435588651222
Depreciation111111121225
Profit before tax161828764583617253954134
Tax %32%36%31%38%33%14%39%28%29%25%19%27%
Net Profit11122054350221218294497
EPS in Rs1.912.073.420.648.9310.484.202.443.096.279.2321.59
Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales115159198262299149257256341713564780
Expenses80114137194211109208207229545412493
Operating Profit3544616889414949112168152287
OPM %31%28%31%26%30%27%19%19%33%24%27%37%
Other Income214222779232020
Interest91215212427171441213145
Depreciation1111112345610
Profit before tax273248486514384076165135252
Tax %38%33%35%35%37%38%34%30%33%28%23%
Net Profit17223131419252851119103189
EPS in Rs6.667.149.478.7011.062.465.905.659.1724.2521.0340.18
Dividend Payout %0%0%0%17%0%0%0%58%38%25%11%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth17%30%30%5%
Compounded Profit Growth18%59%52%55%
Stock Price CAGR22%28%21%-6%
Return on Equity11%11%14%14%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital102628323536364245454646
Reserves116118166263219253276397421449552603
Borrowings31929316117121818930146110285583
Other Liabilities1051201451403522914256678981,4971,7832,356
Total Liabilities2623554335967777989261,1361,5112,1022,6663,588
Fixed Assets310101010994346535860
CWIP0011121420391317192562
Investments0022211083103186121
Other Assets2593454105727527678761,0801,3641,9272,3973,345
Total Assets2623554335967777989261,1361,5112,1022,6663,588
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity5627-19-14712-1691161-10130-84-170
Cash from Investing Activity-1-11-1-0-7-4229-82-28-109-6
Cash from Financing Activity23-2027141-1121-19-7495-3185248
Net Cash Flow78610-70-130116-87-1-871
Free Cash Flow5425-24-1509-2280151-11115-99-217
CFO/OP252%99%-17%-217%36%-3%224%359%-132%41%-19%-70%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days2920793215216243710
Inventory Days8,5249,212
Days Payable4,159873
Cash Conversion Cycle4,395207932158,34116243710
Working Capital Days41643854773032733989430646918256103
ROCE %18%16%16%15%19%8%10%9%16%19%12%
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters50.54%50.54%50.51%50.38%50.28%50.28%50.27%49.96%49.83%49.83%53.83%53.83%
FIIs0.85%0.49%0.41%1.81%2.51%2.65%2.01%1.60%1.00%0.83%0.67%0.69%
DIIs11.62%11.66%13.52%12.33%12.77%12.86%12.65%13.88%14.70%15.82%8.60%8.99%
Public36.99%37.29%35.55%35.46%34.44%34.22%35.06%34.55%34.46%33.53%36.91%36.50%
No. of Shareholders87,54889,48491,91291,03191,80392,64094,20396,51996,26194,38293,14092,477

Fundamentals

Market Cap₹ 2,808 Cr.
Current Price₹ 610
Stock P/E15.2
Book Value₹ 142
ROCE12.4 %
ROE14.2 %
Dividend Yield0.37 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)5%
Compounded Profit Growth (TTM)55%
Consolidated figures.
Valuation
Market capRs 2,718 Cr
Enterprise valueRs 3,126 Cr
P/E (TTM)14.75x
Price to book4.19x
Price to sales3.48x
EV / EBITDA10.18x
EV / EBIT10.51x
EV / sales4.01x
Earnings yield6.78%
Dividend yield0.38%
P/E, 3-year average43.04x
P/B, 3-year average5.11x
P/E, 5-year average42.76x
P/B, 5-year average4.01x
Profitability
Operating margin (excl. other income)26.98%
Operating margin (incl. other income)30.56%
EBITDA margin39.37%
Pre-tax margin32.37%
Net profit margin23.63%
Net margin, latest quarter31.17%
ROE15.47%
ROCE15.69%
ROA3.08%
ROE, 3-year average14.78%
ROCE, 3-year average19.96%
ROA, 3-year average3.34%
ROE, 5-year average11.34%
ROCE, 5-year average16.20%
ROA, 5-year average2.88%
ROIC (approx.)21.52%
Tax rate23.48%
Other income / net worth3.11%
Growth
Sales growth (latest year)-20.92%
Profit growth (latest year)-12.72%
Sales CAGR, 3 years30.14%
Sales CAGR, 5 years30.46%
Profit CAGR, 3 years55.58%
Profit CAGR, 5 years61.60%
Sales growth QoQ104.41%
Profit growth QoQ133.96%
Sales growth YoY (latest quarter)212.14%
Profit growth YoY (latest quarter)785.60%
Per share
EPS (TTM)Rs 40.17
EPS (latest year)Rs 21.03
EPS (latest quarter)Rs 21.59
EPS, 3-year averageRs 18.15
EPS, 5-year averageRs 13.20
Book value per shareRs 141.54
Sales per shareRs 170.04
Cash flow per shareRs -37.16
Free cash flow per shareRs -47.31
Dividend per share (latest year)Rs 2.25
Dividend per share, 3-year averageRs 3.92
Dividend per share, 5-year averageRs 3.76
Dividends
Dividend payout10.70%
Dividend payout, 3-year average24.54%
Dividend payout, 5-year average33.00%
Efficiency
Asset turnover0.16x
Fixed asset turnover9.40x
Inventory turnover0.09x
Inventory days4091 days
Debtor days10 days
Debtors turnover36.48x
Creditor days873 days
Cash conversion cycle10 days
Working capital days103 days
Leverage
Total debtRs 583 Cr
Cash and bankRs 174 Cr
Net debtRs 409 Cr
Debt to equity0.90x
Net debt / EBITDA1.33x
Interest coverage6.60x
Current ratio (filing 2026-03-31)1.21x
Quick ratio (filing 2026-03-31)0.19x
Trade payables (filing 2026-03-31)Rs 202 Cr
Owners' fund to total sources18.09%
Debt to assets16.25%
Cash flow
Cash from Operating Activity (latest year)Rs -170 Cr
Cash from Investing Activity (latest year)Rs -6 Cr
Cash from Financing Activity (latest year)Rs 248 Cr
Net Cash Flow (latest year)Rs 71 Cr
Free cash flow (latest year)Rs -217 Cr
FCFE (approx.: FCF + change in debt)Rs 81 Cr
Cash from ops / profit, 5 years-0.50x
Statement figures
Net sales (TTM)Rs 780 Cr
Net sales (latest year)Rs 564 Cr
Sales (latest quarter)Rs 318 Cr
Operating profit excl. other income (latest year)Rs 152 Cr
Operating profit (latest quarter)Rs 156 Cr
Other income (TTM)Rs 20 Cr
EBITDA (TTM)Rs 307 Cr
PBDT (TTM)Rs 262 Cr
Profit before tax (TTM)Rs 252 Cr
Tax (latest year)Rs 32 Cr
Net profit (TTM)Rs 184 Cr
Net profit (latest year)Rs 96 Cr
Net profit (latest quarter)Rs 99 Cr
Depreciation (TTM)Rs 10 Cr
Depreciation (latest quarter)Rs 5 Cr
Interest (TTM)Rs 45 Cr
Cost of goods sold (latest year)Rs 198 Cr
Total expenditure (latest year)Rs 412 Cr
Total income (latest year)Rs 584 Cr
Share capitalRs 46 Cr
ReservesRs 603 Cr
Shareholders' fundsRs 649 Cr
Total assetsRs 3,588 Cr
Net blockRs 60 Cr
Capital work in progressRs 62 Cr
InvestmentsRs 121 Cr
ReceivablesRs 15 Cr
InventoryRs 2,222 Cr
Other liabilitiesRs 2,356 Cr
Shares outstanding (crore)4.59
Ownership
Promoter holding53.83% (+3.87 in a year)
Computed by MarketFriction from the consolidated statements. Returns use average balances.
P/E 14.8 is at the 19th percentile of its own 9.4-year range (median 31.0, low 8.6, high 132.4).
P/B 4.19 is at the 65th percentile (median 3.18).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
PeriodARVSMARTNifty 50Difference
1 week-4.9%-2.8% -2.1 pts
1 month-9.7%-6.8% -2.9 pts
3 months-2.9%-7.6% +4.7 pts
6 months+18.0%+0.4% +17.6 pts
1 year-7.8%-9.9% +2.1 pts
2 years-21.5%-13.6% -7.9 pts
3 years+70.8%+14.2% +56.7 pts
5 years+240.8%+27.9% +212.9 pts
2 mutual fund schemes hold about ₹210 Cr. Over three months 0 bought more and 1 sold (share counts, price move removed).
FundWeightEst. Cr3m shares
Bandhan Small Cap Fund0.57%195 -4%
ICICI Pru Housing Opp Fund0.52%14 -11%

Red flags

F-score 3 of 8
explainWeak cash conversion Cash from operations was -90% of net profit over the last 3 years
explainDebt up, profit down Borrowings up 104% while net profit fell in 2026
lookInventory outrunning sales Inventory grew 49% vs sales -21% in 2026
lookAuditor change Auditor change 2026-08-07: Arvind SmartSpaces Limited has informed the Exchange regarding Change in Auditors of the company.
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.

Latest quarter

Jun 2026
Sales ₹318 Cr +211.8% vs Jun 2025. Net profit ₹97 Cr +708.3%.
Against our estimate for Jun 2026: sales +258.1%, profit +622.5% big beat. Our estimate for Sep 2026: sales Rs 226 Cr, profit Rs 52 Cr (how).

Activity

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No bulk or block deals on record.
Ex-dateActionFactor
2026-08-28Dividend - Rs 2.25 Per Share
2025-07-25Dividend - Rs 6 Per Share
2024-07-18Annual General Meeting/Dividend - Rs 2.50 Per Share/Special Dividend - Re 1 Per Share
2023-07-21Annual General Meeting/Dividend - Rs 1.65 Per Share/Special Dividend - Rs 1.65 Per Share
2022-08-04Annual General Meeting
2021-09-14 Annual General Meeting
2020-09-21 Annual General Meeting
2019-07-26 Annual General Meeting/Dividend - Rs 1.5 Per Share
2018-08-16 Annual General Meeting
2017-08-31 Annual General Meeting
2016-09-09 Annual General Meeting
DateTypeWhat it says
2026-09-30RetirementRetirement
2026-09-28Press ReleaseA press release dated September 28, 2026, titled "Arvind SmartSpaces adds a new residential high-rise project in Bengaluru with a top-line potential o...
2026-09-22Press ReleaseA press release dated September 22, 2026, titled "We are attaching herewith a copy of Media Release dated 22nd September, 2026, being issued by the Co...
2026-09-18AllotmentAllotment of 20000 equity shares against exercise of ESOPs.
2026-09-11Shareholder meetingVoting results.
2026-09-11Shareholder meetingShareholders meeting
2026-09-11Credit Rating- NewCredit Rating- New
2026-08-20General UpdatesAppointment of Statutory Auditors in the Material Subsidiaries.
2026-08-18General UpdatesIntimation of physical letters sent to shareholders
2026-08-18Record DateRecord date for the purpose of DI is 28-Aug-2026.
2026-08-18Shareholder meetingNotice of Annual General Meeting to be held on September 11, 2026
2026-08-14Concall / analyst meetTranscript
2026-08-12AllotmentAllotment of 30000 securities pursuant to ESOP/ESPS at its meeting held on August 12, 2026
2026-08-11Concall / analyst meetSchedule of meet
2026-08-07Concall / analyst meetLink of Recording
2026-08-07Resignation of Statutory AudResignation of Statutory Auditor
2026-08-07Resignation of Statutory AudResignation of Statutory Auditor
2026-08-07Resignation of Statutory AudResignation of Statutory Auditor
2026-08-07Change in AuditorsChange in Auditors of the company.
2026-08-07Resignation of Statutory AudResignation of Statutory Auditor
2026-08-07ESOPGrant of 130000 Options.
2026-08-07Change in AuditorsChange in Auditors of the company.
2026-08-07Change in AuditorsChange in Auditors of the company.
2026-08-07Investor PresentationInvestor Presentation
2026-08-07Press ReleaseA press release dated August 07, 2026, titled "Unaudited Financial Results for Q1 FY27".
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Not on any NSE surveillance list in the latest file.

Quick answers

What is the market cap of Arvind SmartSpaces Ltd?

Arvind SmartSpaces Ltd (ARVSMART) has a market capitalisation of Rs 2,808 Cr. at the 2026-10-01 close.

What is the P/E ratio of Arvind SmartSpaces Ltd?

Arvind SmartSpaces Ltd trades at a P/E of 15.2 on trailing twelve-month profit, at the 2026-10-01 close.

What were Arvind SmartSpaces Ltd's latest quarterly results?

In the Jun 2026 quarter, Arvind SmartSpaces Ltd sales was Rs 318 Cr (+211.8% vs Jun 2025) and net profit was Rs 97 Cr.

What is the 52-week high and low of Arvind SmartSpaces Ltd?

The 52-week high is Rs 707.85 and the 52-week low is Rs 486.80.

Data: NSE and BSE daily reports, company filings. Numbers only, not investment advice, not a SEBI-registered research service.AboutMethodologyFAQResearchContactTermsPrivacyDisclaimerUpdated 2026-10-03