Arvind SmartSpaces Limited
₹564.55-₹23.90 (-4.1%)
Last close · Data as of Oct 30, 2026
- Market cap
- ₹2,629 Cr
- P/E
- 1348.0x
- EV / EBITDA
- 33.9x
- Revenue
- ₹125 Cr
- Net margin
- 36.4%
- ROCE
- 5.8%
Price chart
Technical chartScreen technicals →-11.6% over the last year
Daily closes.
Go deeper
Technical chart: candles, 9 moving averages, RSI, MACD and drawing tools
Performance
Price change over each period, before dividends.
- 1M
- -6.3%
- 3M
- -5.1%
- 6M
- -8.5%
- 1Y
- -11.6%
- 5Y
- +140.2%
52-week range
Day change -₹23.90 (-4.1%) from ₹588 to ₹565 · Last close Oct 30, 2026
Best weekday to invest, historically
The same weekly amount in ARVSMART, bought on each weekday since 2021.
AI Summary
Indian StockStrengths1
- Strong 5-year net profit CAGR of 23.7%
Concerns1
- Low return on equity of 9.6%
Rule-based from financial data. Not advice.
About the company
Arvind SmartSpaces Limited, together with its subsidiaries, engages in the development of real estate projects in India. The company develops residential, commercial, industrial, and hospitality projects, including villa townships, apartment complexes, plotted developments, commercial hubs, and industrial parks. It serves individual retail clients and corporate entities. The company was formerly known as Arvind Infrastructure Limited and changed its name to Arvind SmartSpaces Limited in November 2016. Arvind SmartSpaces Limited was incorporated in 2008 and is headquartered in Ahmedabad, India.
- Sector
- Construction & Real Estate
- Shares outstanding
- 4.6 Cr shares
- ISIN
- INE034S01021
- BSE code
- 539301
Key statistics
Screen fundamentals →Valuation, profitability, growth and solvency at the latest close; hover a label for its meaning.
Valuation
- Market cap
- ₹2,629 Cr
- P/E
- 1348.0x
- P/B
- 4.8x
- EV / EBITDA
- 33.9x
- EV / Sales
- 16.8x
- P/S
- 17.4x
- Earnings yield
- 0.1%
- 52-week high
- ₹694.30
- 52-week low
- ₹500.90
Profitability
- Operating margin
- 24.5%
- Net margin
- 36.4%
- EBITDA margin
- 49.7%
- ROE
- 9.6%
- ROCE
- 5.8%
- ROA
- 4.8%
- Dividend payout
- 29.0%
- Tax rate
- 18.0%
- Other income, % of PBT
- 56.7%
Growth
- RevenueLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- ₹125 Cr
- Revenue growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- -17.2%
- Revenue CAGR, 5YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 0.0%
- EBITDALatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- ₹75.0 Cr
- EBITDA growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 38.9%
- Net profit growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- -74.5%
- Net profit CAGR, 5YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 23.7%
- Cash from operationsLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- -₹45.0 Cr
- CFO growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 40.6%
- Free cash flowLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- -₹13.0 Cr
- Asset growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 16.0%
Solvency and efficiency
- Current ratio
- 2.24
- Debt / Equity
- 0.12
- Debt / Assets
- 0.06
- Debt / EBITDA
- 0.88
- Interest coverage
- 6.17
- Financial leverage
- 1.99
- CFO / Net profit
- -0.82
- Cash / Market cap
- 29.4%
- Cash per share
- ₹168.48
- Asset turnover
- 0.13
- Fixed asset turnover
- 10.07
- Capital intensity
- 0.10
- Debtor days
- 5 days
- Cash conversion cycle
- 5 days
Where the revenue went
FY2025 ended in a loss, so the lines are listed rather than drawn as a flow.
| Line | FY2025 |
|---|---|
| Sales | ₹125 Cr |
| Expenses | ₹131 Cr |
| Operating profit | -₹6 Cr |
| Other income | ₹38 Cr |
| Interest | ₹11 Cr |
| Depreciation | ₹3 Cr |
| Profit before tax | ₹18 Cr |
| Tax and other | ₹4 Cr |
| Net profit | ₹14 Cr |
Revenue and net profit
Revenue fell 17.2% in FY2025; net profit is the dashed line.
| Date | Revenue | Net profit |
|---|---|---|
| FY2021 | ₹94 Cr | ₹14 Cr |
| FY2022 | ₹120 Cr | ₹39 Cr |
| FY2023 | ₹117 Cr | ₹38 Cr |
| FY2024 | ₹151 Cr | ₹55 Cr |
| FY2025 | ₹125 Cr | ₹14 Cr |
Cash flows
FY2025: -₹205 Cr from operations, -₹129 Cr free after investment (dashed).
| Date | Operating cash flow | Free cash flow |
|---|---|---|
| FY2021 | ₹84 Cr | ₹83 Cr |
| FY2022 | ₹225 Cr | ₹155 Cr |
| FY2023 | -₹32 Cr | -₹189 Cr |
| FY2024 | -₹45 Cr | ₹29 Cr |
| FY2025 | -₹205 Cr | -₹129 Cr |
Growth
Latest fiscal year FY2025 (ending March): each figure with its change over the year before.
- Revenue
- ₹125 Cr-17.2%1Y
- Net profit
- ₹14 Cr-74.5%1Y
- Cash from operations
- -₹205 Cr
- Free cash flow
- -₹129 Cr-544.8%1Y
- Revenue CAGR, 5Y
- 0.0%
- EBITDA CAGR, 5Y
- 10.3%
- Net profit CAGR, 5Y
- 23.7%
| Year | Revenue | Operating income | EBITDA | Net profit | CFO | FCF | ROE | Revenue growth 1Y | Net profit growth 1Y |
|---|---|---|---|---|---|---|---|---|---|
| FY2025 | ₹125 Cr | -₹6 Cr | — | ₹14 Cr | -₹205 Cr | -₹129 Cr | 2.4% | -17.2% | -74.5% |
Monthly returns
Month-by-month returns of ARVSMART across the years, with the seasonal pattern.
Balance sheet
What the company owns and owes at the end of FY2025.
| Line | FY2025 |
|---|---|
| Liabilities and equity | ₹1,446 Cr |
| Equity capital | ₹46 Cr |
| Reserves | ₹531 Cr |
| Borrowings | ₹204 Cr |
| Other liabilities | ₹665 Cr |
| Assets | ₹1,446 Cr |
| Fixed assets | ₹20 Cr |
| Capital work in progress | ₹0 Cr |
| Investments | ₹463 Cr |
| Other assets | ₹963 Cr |
Market cap against peers
8 peers: same sector group, nearest by size.
P/E against peers
ARVSMART trades at 1348.0x earnings against a peer median of 55.8x (a 2316% premium).
Not shown (no positive earnings and no EV / Sales): Raymond Realty Limited, Sagar Cements Ltd.
Peer comparison
Same-sector peers by market cap, with the median.
| Company | Market cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|
| Arvind SmartSpaces LimitedARVSMARTthis companyP/E ↑ premium | ₹2,629 Cr | 1348.0x | 4.8x | 9.6% | 33.9x |
| Awfis Space Solutions LimitedAWFIS | ₹3,289 Cr | 67.4x | 6.7x | 19.1% | 15.8x |
| Kolte-Patil Developers LtdKOLTEPATIL | ₹3,255 Cr | 83.0x | 2.7x | -9.3% | -157.3x |
| Hubtown LimitedHUBTOWN | ₹3,201 Cr | 28.3x | 1.1x | 0.4% | 58.9x |
| Raymond Realty LimitedRAYMONDREL | ₹3,165 Cr | — | 2.3x | — | — |
| Ashiana Housing LimitedASHIANA | ₹2,918 Cr | 36.8x | 3.7x | 10.4% | 23.0x |
| Sagar Cements LtdSAGCEM | ₹2,643 Cr | — | 1.6x | 1.8% | 12.5x |
| Brigade Hotel Ventures LimitedBRIGHOTEL | ₹2,534 Cr | 125.0x | 2.6x | 17.0% | 24.9x |
| ARKADE DEVELOPERS LIMITEDARKADE | ₹2,376 Cr | 15.2x | 2.5x | 38.1% | 13.8x |
| Peer median | — | 55.8x | 3.7x | 6.8% | 32.9x |
Year-to-date ROI
ARVSMART since 1 January, against earlier years.
Historical volatility
ARVSMART's day-to-day swings over 30, 60 and 180 days.
Financial statements
Income statement, balance sheet and cash flow as reported, in ₹ crore, grouped into plain-language lines.
Figures in ₹ crore as reported, fiscal years ending March, newest first; the trailing twelve months (TTM) last.
Operating margin by fiscal year
| Date | Operating margin |
|---|---|
| FY2021 | 22.0% |
| FY2022 | 25.0% |
| FY2023 | 14.0% |
| FY2024 | 25.0% |
| FY2025 | -5.0% |
| Line | FY2025 |
|---|---|
| RevenueSales | ₹125 Cr |
| Costs | |
| Interest | ₹11 Cr |
| Expenses | ₹131 Cr |
| Operating profitOperating Profit | -₹6 Cr |
| Other income and charges | |
| Profit before tax | ₹18 Cr |
| Tax | |
| Net profitNet Profit | ₹14 Cr |
| Per share |
| Line | FY2025 |
|---|---|
| Liabilities and equityTotal Liabilities | ₹1,446 Cr |
| Equity capitalEquity Capital | ₹46 Cr |
| Reserves | ₹531 Cr |
| Borrowings | ₹204 Cr |
| Other liabilitiesOther Liabilities | ₹665 Cr |
| AssetsTotal Assets | ₹1,446 Cr |
| Fixed assetsFixed Assets | ₹20 Cr |
| Capital work in progressCWIP | ₹0 Cr |
| Investments | ₹463 Cr |
| Other assetsOther Assets | ₹963 Cr |
| Line | FY2025 |
|---|---|
| Operating cash flowCash from Operating Activity | -₹205 Cr |
| Investing cash flowCash from Investing Activity | ₹76 Cr |
| Financing cash flowCash from Financing Activity | ₹115 Cr |
| Change in cashNet Cash Flow | -₹13 Cr |
Learn while you research
Academy chapters picked for Arvind SmartSpaces Limited and the metrics on this page.
- 01 Taxes on Investments (India)LTCG, STCG, dividend tax, what every Indian investor needs.6 min read
- 02 Stock Valuation BasicsHow to think about what a fair price for a stock looks like.7 min read
- 03 Valuation Multiples ExplainedThis stock trades at a P/E of 1348.0, learn when high multiples are justified.6 min read
- 04 Stock Market RisksSmall caps carry concentrated, idiosyncratic risk, learn to manage it.6 min read
- 05 Sectors & IndustriesHow to classify and compare companies across sectors.6 min read
- 06 Essential Stock RatiosP/E, P/B, EV/EBITDA, what they mean and when to use each.7 min read