Arvind SmartSpaces Ltd

Arvind SmartSp. Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Arvind SmartSpaces Ltd

₹ 954 -2.16%
18 Dec - close price
arvindsmartspaces.com BSE: 539301 NSE: ARVSMART
About

Arvind Smarspaces Ltd was incorporated as "Arvind Infrastructure Limited" in 2008 in Ahmedabad as a wholly-owned subsidiary of Arvind Limited. The company was incorporated with the objective of doing a real estate/infrastructure development business.
Arvind Smartspaces is the real estate arm of the Lalbhai Group, a $2 billion dollar conglomerate. ASL is currently executing 9 projects through its own land, JVs and Joint Development model. ASL has also successfully executed 9 projects to date. [1]

Key Points

Product Offerings[1]
Horizontal (Plotting, Villas) and Vertical (Luxury, MIG residential housing)
Portfolio -
▪ Delivered 4.9 msf
▪ Ongoing projects of 26.9 msf
▪ Planned projects of 43.5 msf

Website BSE NSE
  • Market Cap ₹ 4,348 Cr.
  • Current Price ₹ 954
  • High / Low ₹ 1,025 / 400
  • Stock P/E 157
  • Book Value ₹ 124
  • Dividend Yield 0.26 %
  • ROCE 11.1 %
  • ROE 9.24 %
  • Face Value ₹ 10.0
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Pros

  • Company is expected to give good quarter
  • Company has been maintaining a healthy dividend payout of 22.6%

Cons

  • Stock is trading at 7.70 times its book value
  • Company has a low return on equity of 8.82% over last 3 years.
  • Earnings include an other income of Rs.37.1 Cr.
  • Promoter holding has decreased over last 3 years: -6.72%

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: Realty Industry: Construction

Part of BSE SmallCap BSE Allcap BSE Consumer Discretionary

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
27.68 18.54 41.20 27.70 28.75 29.33 31.50 32.34 42.70 11.74 64.01 24.16 12.89
17.19 17.22 38.60 20.76 23.33 24.47 31.97 25.38 27.55 18.30 42.65 22.82 19.69
Operating Profit 10.49 1.32 2.60 6.94 5.42 4.86 -0.47 6.96 15.15 -6.56 21.36 1.34 -6.80
OPM % 37.90% 7.12% 6.31% 25.05% 18.85% 16.57% -1.49% 21.52% 35.48% -55.88% 33.37% 5.55% -52.75%
5.39 8.29 9.15 8.65 8.89 10.52 9.39 9.60 9.70 9.29 9.68 8.95 9.20
Interest 3.19 3.24 1.18 0.63 1.04 1.95 1.95 1.29 0.94 1.48 2.01 1.78 2.37
Depreciation 0.23 0.24 0.26 0.27 0.28 0.29 0.45 0.47 0.63 0.67 0.67 0.66 0.78
Profit before tax 12.46 6.13 10.31 14.69 12.99 13.14 6.52 14.80 23.28 0.58 28.36 7.85 -0.75
Tax % 12.52% 19.90% 24.73% 19.06% 19.71% 16.36% 23.77% 17.43% 9.58% 20.69% 24.51% 19.87% -44.00%
10.90 4.92 7.76 11.89 10.43 10.99 4.96 12.21 21.06 0.46 21.41 6.30 -0.43
EPS in Rs 3.07 1.16 1.83 2.80 2.37 2.43 1.09 2.69 4.65 0.10 4.72 1.39 -0.09
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
26 44 61 111 90 128 234 151 94 120 117 151 113
13 27 38 78 62 91 171 117 73 90 100 114 103
Operating Profit 13 16 24 33 28 37 63 35 21 31 17 37 9
OPM % 48% 37% 39% 30% 31% 29% 27% 23% 22% 25% 14% 25% 8%
0 0 0 4 5 14 16 11 18 27 37 38 37
Interest 9 4 8 8 12 15 20 18 20 11 6 6 8
Depreciation 0 0 0 1 1 1 1 1 1 1 1 2 3
Profit before tax 3 12 16 27 20 35 58 26 18 45 47 67 36
Tax % -1% 20% 31% 36% -3% 15% 21% 26% 22% 14% 19% 18%
3 9 11 17 21 30 46 19 14 39 38 55 28
EPS in Rs 30.86 9.23 10.93 6.70 7.25 9.34 13.06 5.45 3.93 9.19 8.45 12.16 6.12
Dividend Payout % 0% 0% 0% 0% 0% 0% 11% 0% 0% 0% 39% 29%
Compounded Sales Growth
10 Years: 13%
5 Years: -8%
3 Years: 17%
TTM: -17%
Compounded Profit Growth
10 Years: 19%
5 Years: 2%
3 Years: 54%
TTM: -44%
Stock Price CAGR
10 Years: %
5 Years: 61%
3 Years: 68%
1 Year: 131%
Return on Equity
10 Years: 9%
5 Years: 8%
3 Years: 9%
Last Year: 9%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 1 10 10 26 28 32 35 36 36 42 45 45 46
Reserves 15 105 116 118 167 263 273 287 301 425 484 525 519
1 1 28 91 93 161 171 165 119 2 53 66 60
149 122 51 22 43 38 97 71 146 367 399 501 623
Total Liabilities 166 238 205 256 331 494 577 559 601 836 980 1,137 1,248
1 1 2 8 8 8 8 7 7 8 10 15 15
CWIP 0 0 0 0 0 0 0 0 0 1 1 0 0
Investments 26 0 0 61 94 168 227 180 148 222 244 348 412
138 237 203 187 229 317 342 371 446 605 725 773 821
Total Assets 166 238 205 256 331 494 577 559 601 836 980 1,137 1,248

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
-70 -68 55 -9 -10 -60 30 -39 84 225 -32 -45
-3 7 2 -7 -11 -62 -26 69 -1 -70 -157 74
-30 84 25 17 20 122 -3 -29 -66 -36 67 -9
Net Cash Flow -103 23 82 1 -1 0 1 1 17 119 -121 20

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 38 2 10 112 113 161 1 2 9 3 6 5
Inventory Days 1,309 900 1,253 2,726 3,967 3,571
Days Payable 1,098 208 87 242 396 326
Cash Conversion Cycle 38 213 10 804 113 161 1,167 2 2,494 3,574 3,251 5
Working Capital Days -752 589 631 377 651 625 183 338 565 -276 -266 -198
ROCE % 47% 24% 17% 18% 12% 13% 17% 9% 8% 12% 10% 11%

Shareholding Pattern

Numbers in percentages

Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
54.34% 53.82% 53.82% 51.99% 50.44% 50.44% 50.43% 50.43% 50.43% 50.40% 50.27% 50.17%
0.03% 0.07% 0.03% 0.18% 0.46% 0.68% 0.69% 0.85% 0.49% 0.41% 1.81% 2.51%
9.51% 9.50% 9.50% 10.32% 10.28% 10.57% 11.48% 11.61% 11.65% 13.51% 12.32% 12.76%
36.11% 36.60% 36.64% 37.52% 38.82% 38.32% 37.39% 37.11% 37.41% 35.67% 35.58% 34.56%
No. of Shareholders 1,04,9821,03,7371,03,0221,03,8411,01,6001,00,18988,36187,54889,48491,91291,03191,803

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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