Arvind Smartspaces Ltd
NSE: ARVSMART · Residential, Commercial Projects · sector
₹575.50NSE close 2026-10-26
Key numbers
Market cap₹2,640 cr
Price₹575.50
52w high / low₹708 / ₹487
P/E14.1xSector median 18.7x
P/B4.1xSector median 1.4x
Book value₹141.5
Dividend yield1.05%Sector median 0.54%
ROE29.6%Sector median 5.5%
ROCE24.2%Sector median 6.5%
OPM36.8%Sector median 12.1%
Debt / equity0.89xSector median 0.36x
EV/EBITDA10.2xSector median 17.7x
Interest cover6.6x
Current ratio1.21x
Sales growth 3y+30.1%Sector median +16.6%
Profit growth 3y+51.3%Sector median +28.0%
PEG0.26x
Last 12 months to Jun 2026, Consolidated. "Sector median" = middle value of 141 companies in Residential, Commercial Projects (P/E median leaves out loss-making companies). Tap ? for what a number means.
Things to know
- Cash ₹296 cr vs borrowings ₹577 cr (FY26): borrowings are higher by ₹282 cr.
- Operating profit covered interest 6.6x in the last 12 months.
- No promoter shares are pledged.
- Promoter holding rose by 3.95 percentage points in a year, to 53.77% (2026-09-30).
- Operating cash flow was below net profit in 4 of the last 5 years (FY26, FY25, FY24, FY23).
- Revenue was higher than a year earlier in 1 of the last 4 quarters.
- Other income was 11% of net profit in the last 12 months.
- Dividend paid in 3 of the last 5 financial years.
- Price ₹575.50 on 2026-10-26: -18.7% from the 52-week high, +18.2% from the 52-week low.
Plain facts from the filings, built by the same fixed rules for every company. A line appears only when the data for it is available. Not a view on the stock.
Charts
Weekly close · high ₹1,006.90 · low ₹501.35
RevenueNet profit
RevenueNet profit
Quarterly results
| ₹ cr | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 266 | 210 | 163 | 102 | 141 | 166 | 155 | 318 |
| EBITDA | 66 | 59 | 34 | 21 | 30 | 42 | 59 | 156 |
| OPM % | 24.8% | 28.3% | 20.6% | 21.1% | 21.0% | 25.0% | 38.2% | 49.2% |
| Other income | 4 | 5 | 11 | 5 | 4 | 4 | 8 | 4 |
| Net profit | 41 | 48 | 19 | 11 | 14 | 29 | 42 | 99 |
| EPS (₹) | 8.95 | 10.49 | 4.20 | 2.44 | 3.09 | 6.27 | 9.63 | 21.80 |
| Revenue YoY | -47.1% | -20.8% | -4.7% | +212.1% | ||||
| Profit YoY | -65.2% | -39.8% | +121.0% | +785.6% |
Consolidated figures where filed. Latest quarter Jun 2026.
Profit & loss (yearly)
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 | TTM |
|---|---|---|---|---|---|---|
| Revenue | 257 | 256 | 341 | 713 | 564 | 780 |
| EBITDA | 49 | 49 | 111 | 168 | 152 | 287 |
| Net profit | 25 | 28 | 42 | 110 | 96 | 184 |
| EPS (₹) | 6.47 | 5.83 | 9.17 | 24.28 | 21.04 | 40.79 |
| Revenue growth | -0.4% | +33.3% | +109.1% | -20.9% | +5.3% | |
| Profit growth | +11.1% | +49.4% | +165.8% | -12.7% | +55.2% | |
| Dividend / share (₹) | – | – | 1.65 | 2.50 | 6.00 |
| Compounded growth | 3 years | 5 years | Last 12 months |
|---|---|---|---|
| Sales | +30.1% | +30.5% | +5.3% |
| Net profit | +51.3% | +61.6% | +55.2% |
| EPS | +53.4% | +53.6% | – |
| Share price | – | -15.8% (2y) | -5.5% |
Balance sheet
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Shareholders' equity | – | 466 | 495 | 598 | 649 |
| Borrowings | – | 145 | 107 | 279 | 577 |
| Cash & equivalents | – | 147 | 166 | 243 | 296 |
| Total assets | – | 1,511 | 2,102 | 2,671 | 3,594 |
| Fixed assets | – | 46 | 51 | 57 | 60 |
| Capital work in progress | – | 16 | 19 | 25 | 62 |
| Investments | – | 0 | 0 | 0 | 0 |
| Receivables | – | 3 | 3 | 15 | 15 |
| Inventory | – | 957 | 1,362 | 1,489 | 2,222 |
| Payables | – | 60 | 124 | 187 | 202 |
Year-end figures from the March annual filing.
Cash flow
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Cash from operations | 161 | -101 | 30 | -84 | -170 |
| Cash from investing | 29 | -82 | -28 | -109 | -6 |
| Cash from financing | -74 | 95 | -3 | 186 | 248 |
| Capex | 9 | 11 | 16 | 16 | 47 |
| Free cash flow | 151 | -112 | 15 | -100 | -217 |
Free cash flow = cash from operations − capex.
Ratios by year
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| ROE % | – | 6.0% | 8.4% | 18.5% | 14.9% |
| ROCE % | – | 8.8% | 19.4% | 21.2% | 13.5% |
| Debtor days | – | 4 | 3 | 7 | 10 |
| Inventory days | – | 2,779 | 5,407 | 1,674 | 4,169 |
| Payable days | – | 174 | 491 | 210 | 379 |
| Cash conversion cycle (days) | – | 2,609 | 4,919 | 1,471 | 3,800 |
| Working capital days | – | 696 | 372 | 180 | 295 |
Shareholding
| Holder | % (2026-09-30) |
|---|---|
| Promoters | 53.77% |
| FIIs | 0.59% |
| DIIs | 9.22% |
| of which Mutual funds | 7.07% |
| of which Insurance | 0.00% |
| Government | 0.00% |
| Public (non-institutions) | 36.42% |
| Quarter | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters % | 50.28% | 50.27% | 49.96% | 49.82% | 49.82% | 53.83% | 53.83% | 53.77% |
| Promoter group | % |
|---|---|
| Aura Securities Private Limited | 44.75% |
| Aura Business Ventures LLP | 3.48% |
| Aura Merchandise Pvt. Ltd. | 2.66% |
| Aagam Holdings Private Limited | 1.37% |
| Atul Limited | 0.90% |
| Sanjaybhai Shrenikbhai Lalbhai | 0.44% |
| Lalbhai Realty Finance Private Limited | 0.10% |
| Aayojan Resources Private Ltd | 0.02% |
| Anusandhan Investments Limited | 0.02% |
| Sanjaybhai Shrenikbhai Lalbhai, Trustee | 0.01% |
| Jayshreeben Sanjaybhai Lalbhai | 0.00% |
| Punit Sanjaybhai | 0.00% |
| Kalpanaben Shripalbhai Morakhia | 0.00% |
| Kulin S Lalbhai | 0.00% |
| Lalbhai Poorva Punitbhai | 0.00% |
| Public holders above 1% | % |
|---|---|
| Bandhan Small Cap Fund | 6.61% |
| Ketan Ratilal Patel | 5.69% |
| Kausalya Realserve Llp | 3.01% |
| Pirojsha Adi Godrej | 1.89% |
| Aml Employee Welfare Trust | 1.38% |
| Shah Aadarsh Utkarsh | 1.05% |
| Icici Prudential Equity Opportunities Fund | 1.01% |
| ASL ESOP Trust | 1.00% |
93,117 shareholders. Pledged: 0.00% of promoter shares.
Peers in Residential, Commercial Projects
| Company | Market cap | P/E | P/B | ROE | ROCE | OPM | Sales 3y | Div yield |
|---|---|---|---|---|---|---|---|---|
| DLF | ₹1,63,939 cr | 35.9x | 3.6x | 10.3% | 6.3% | 14.8% | +12.9% | 0.90% |
| LODHA | ₹97,912 cr | 23.7x | 4.2x | 19.0% | 17.9% | 32.2% | +20.8% | 0.43% |
| PHOENIXLTD | ₹67,737 cr | 52.9x | 6.2x | 11.9% | 15.4% | 59.1% | +18.8% | 0.13% |
| PRESTIGE | ₹60,152 cr | 52.8x | 3.7x | 7.2% | 10.5% | 28.1% | +15.1% | 0.12% |
| OBEROIRLTY | ₹57,522 cr | 21.9x | 3.0x | 14.7% | 16.9% | 57.1% | +12.8% | 0.51% |
| GODREJPROP | ₹45,942 cr | 28.7x | 2.4x | 8.8% | 6.9% | -7.7% | +31.6% | – |
| BRIGADE | ₹17,781 cr | 25.6x | 2.6x | 11.2% | 10.9% | 27.0% | +18.3% | 0.35% |
| ANANTRAJ | ₹16,514 cr | 27.8x | 2.9x | 11.6% | 11.1% | 27.0% | +37.9% | 0.15% |
| SOBHA | ₹12,247 cr | 64.1x | 2.6x | 4.1% | 6.5% | 6.5% | +16.2% | 0.26% |
| ARVSMART | ₹2,640 cr | 14.1x | 4.1x | 29.6% | 24.2% | 36.8% | +30.1% | 1.05% |
Dividends & corporate actions
| Ex-date | Action | Detail |
|---|---|---|
| 2026-08-28 | Dividend | Dividend - Rs 2.25 Per Share |
| 2025-07-25 | Dividend | Dividend - Rs 6 Per Share |
| 2024-07-18 | Dividend | Annual General Meeting/Dividend - Rs 2.50 Per Share/Special Dividend - Re 1 Per Share |
| 2023-07-21 | Dividend | Annual General Meeting/Dividend - Rs 1.65 Per Share/Special Dividend - Rs 1.65 Per Share |
| 2022-08-04 | Other | Annual General Meeting |
| 2021-09-14 | Other | Annual General Meeting |
| 2020-09-21 | Other | Annual General Meeting |
| 2019-07-26 | Dividend | Annual General Meeting/Dividend - Rs 1.5 Per Share |
| 2018-08-16 | Other | Annual General Meeting |
| 2017-08-31 | Other | Annual General Meeting |
| 2016-09-09 | Other | Annual General Meeting |
Documents
- Annual report FY26
- Annual report FY25
- Annual report FY24
- Annual report FY23
- Annual report FY22
- Announcements NSE filings
- BRSR FY26
- Latest results (data file) XBRL
- Announcements BSE filings
Links go to the original files on the exchange website.
About the company
- Realestate development: Construction of Residential and Commercial Projects
| Sector | Consumer Discretionary |
| Industry | Residential, Commercial Projects |
| Sub-industry | Residential, Commercial Projects |
| Symbol | ARVSMART |
| BSE code | 539301 |
| ISIN | INE034S01021 |
| Face value | ₹10.0 |
| Incorporated | 2008-12-26 |
| Website | www.arvindsmartspaces.com |
| Plants (India / abroad) | 16 / 0 |
From the company's filings (BRSR FY26).
Data built 2026-10-23 from NSE company filings (XBRL: Integrated Filing - Financials + financial results), NSE shareholding & pledge data; price = NSE close 2026-10-26.