ARVSMARTConsumer Discretionary

Arvind SmartSpaces Limited

Residential, Commercial Projects · ISIN INE034S01021 · BSE 539301 · NSE EQ · FV ₹10
Last price
₹553
+0.77%today
What this company does

Arvind SmartSpaces Limited operates in Residential, Commercial Projects, part of the Consumer Discretionary sector. It booked ₹318 cr of revenue in its latest quarter (Q1 FY27) and kept 31.2% of sales as profit.

Overview Business development plays Our strategy Sustainable revenue focus: At Joint ventures: Joint Challenges and counter-initiatives a critical role in real estate the core of this strategy is the development agreements development. It comprises the Vision-led land assessment: We objective to strengthen revenue (JDAs) offer advantages.
In the report:
69out of 100
Equitytale Health Score
Solid

Healthier than 69% of companies in Consumer Discretionary, on all six measures of filed financials. Each measure is ranked against the 187–421 companies that reported it.

Measures financial condition, not whether to buy. Learn what this score means · How this is calculated

Price momentum
oversold
RSI (14)
29

At close. Not part of the score.

Profitability & returns97

How much profit it earns on the money it employs

Balance sheet40

How much it owes, and whether earnings cover the interest

Cash quality24

Whether reported profit actually arrives as cash

Growth & consistency93

Whether sales and profit have grown, and how steadily

Valuation62

What today's price implies, against our models or its peers

Governance & risk100

How much of the promoters' stake is pledged, and how much they hold · highest in its sector on what we could measure

Is this company doing well?
not investment advice
Strengths
Makes a profit
Strong 31% net margin
Sales up 212% vs last year
Profit up 785% vs last year
Promoters hold 54%
No promoter shares pledged
Strong 61% return on equity
Turns profit into real cash
Watch-outs
None flagged from our data

What if I invest in ARVSMART?

Set a growth rate and see what a monthly SIP would add up to. Your assumption, our arithmetic.

You would put in
₹12.00 lakh
120 instalments
At 10% a year, it would become
₹20.15 lakh

The starting rate is a round number, not a view on this company — this is your assumption, and the figure above is arithmetic on it. Returns are not steady year to year, and a real holding would not grow in a straight line. We do not publish price targets or predict returns.

Key ratios · latest quarter + price
₹553 +0.77%
latest close · 2026-09-17
1-year return
+364.3%
52-wk low ₹11852-wk high ₹708
Is it cheap or expensive?
What you pay for the profits, book value and cash flow. Higher isn't automatically worse — it can signal faster growth.
P/E ratio6.3Low
LowAverageHigh
P/B ratio3.91High
Below bookModerateHigh
EV / EBITDA4.6Low
LowAverageHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity61.0%Strong
WeakFairStrong ▸15%
Return on capital44.4%Strong
WeakFairStrong
Net margin31.2%Strong
ThinDecentStrong
EBITDA margin50.6%Healthy
ThinDecentHealthy
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity0.64Moderate
LowModerateHigh ▸1
Interest cover7.0×Strong
RiskyOkayStrong ▸5×
Current ratio1.21Healthy
Tight ◂1HealthyAmple
More figures
Market cap
₹2,539 cr
Book value
₹142
EPS
₹21.80
latest quarter
Net debt
₹451 cr
owes more than its cash
Enterprise value
₹2,990 cr
EBITDA
₹643 cr
annualised
EBIT
₹624 cr
annualised
Operating margin
49.1%
Return on assets
11.0%
Earnings yield
15.76%
P/S
2.00
Sales / share
₹277.0
Tax rate
27.3%
Face value
₹10
Shares
4.6 cr
Working capital
₹455 cr
Current assets
₹2,642 cr
Current liabilities
₹2,187 cr
Delivery %
52.9%
Strong / safeFairWeak / riskyValuation — a level, not good/badBands are general rules of thumb, not advice.

P/E, ROE, ROCE and margins are annualised from the latest quarter; per-share and balance-sheet ratios use the most recent balance sheet on file · prices as of 2026-09-17.

Worth vs price · from the FY 2025 report & filings
not investment advice
Hard to value confidentlyLow confidence
The market price is far above what these earnings- and book-based models support — a fast-growing or asset-light business can trade well above them for years, so we won't put a confident number on how overpriced it is.
Models span ₹140₹217, midpoint ₹179

An educational model from the company's own filings, every assumption shown — not investment advice or a price target. Prices can stay above or below any model for years.

P&L · Q1 FY27 (consolidated)
Revenue from Operations₹318 cr
Other Income₹4 cr
Total Income₹322 cr
Cost of Materials₹12 cr
Purchases of Stock-in-Trade₹429 cr
Inventory Change (±)₹-368 cr
Employee Benefit Expense₹32 cr
Finance Costs₹22 cr
Depreciation & Amortisation₹5 cr
Other Expenses₹55 cr
Total Expenses₹188 cr
Profit before Tax₹134 cr
Tax Expense₹37 cr
Share of JV / Associates₹0.17 L
Net Profit₹97 cr
Net margin on total income30.2%
Where the money goes · Q1 FY27
% of total income
Materials + stock-in-trade₹74 cr22.8%
Employee benefit expense₹32 cr10.0%
Finance costs₹22 cr6.9%
Depreciation & amortisation₹5 cr1.5%
Other expenses₹55 cr17.2%
Tax expense₹37 cr11.3%
Profit for the period₹97 cr30.2%
Total income ₹322 cradds up to ₹100 ✓
Quarterly results · consolidated (₹ cr)
MetricQ3 FY26Q4 FY26Q1 FY27
Revenue166 cr155 cr318 cr
Total income171 cr164 cr322 cr
Expenses132 cr109 cr188 cr
Profit before tax39 cr54 cr134 cr
Tax10 cr10 cr37 cr
Net profit (owners' share)29 cr42 cr99 cr
Net margin (owners' share, on revenue)17.3%27.2%31.2%
EPS (₹)6.279.6321.80
YoY (latest quarter): total income +202.7% · net profit +785.3%
Balance sheet & cash flow · as of Mar 2026
Moderate debt
Total assets
₹3,594 cr
Shareholder equity
₹649 cr
parent shareholders
Total debt
₹577 cr
Cash
₹126 cr
Cash flow · H1 FY26
Operating
₹135 cr
Investing
₹20 cr
Financing
₹-167 cr
Peer comparison
Residential, Commercial Projects · by market value
CompanyPriceMarket capP/E
DLF Limited₹640₹1.58 L cr49.8
Lodha Developers Limited₹1,103₹1.10 L cr20.1
The Phoenix Mills Limited₹1,872₹66,957 cr56.4
Oberoi Realty Limited₹1,741₹63,292 cr29.1
Prestige Estates Projects Limited₹1,440₹62,025 cr65.7
Godrej Properties Limited₹1,678₹50,551 cr36.1
Anant Raj Limited₹597₹21,482 cr35.9
Brigade Enterprises Limited₹621₹20,251 cr25.3
Horizon Industrial Parks Limited₹52₹12,779 cr
Same industry · latest reported numbers · not a recommendation.
Corporate actions
Dividend yield
0.41%
trailing 12 months
Dividend / share (TTM)
₹2.25
Last dividend
₹2.25
ex 28 Aug 2026
ActionDetailEx-date
Dividend₹2.25 / share28 Aug 2026
Dividend₹6 / share25 Jul 2025
Dividend₹2.5 / share18 Jul 2024
Dividend₹1 / share18 Jul 2024
Dividend₹1.65 / share21 Jul 2023
Dividend₹1.5 / share26 Jul 2019
Who owns it · 2026-06-30
No pledge
Promoter
53.8%
FII / Foreign
0.7%
DII / Domestic
9.0%
Retail / others
36.5%
Promoter stake up 3.4% over the last 12 quarters.
Smart-money activity
Insider trades
SoldKamal Singal · Director5.00 L · ₹11.4 cr6 Sep 22
SoldKamal Singal · Director1.00 L · ₹2.3 cr6 Sep 22
BoughtLalbhai Realty Finance Private Limited · Promoter Group45,500 · ₹75.1 L23 Jun 22
Bulk / block deals
short · NSE267 Aug 26
SoldNK SECURITIES RESEARCH PRIVATE LIMITED · NSE3.10 L @ ₹664.577 Aug 26
BoughtNK SECURITIES RESEARCH PRIVATE LIMITED · NSE3.10 L @ ₹664.17 Aug 26
Stake changes
BoughtKetan Ratilal Patel→ 5.70%16 Apr 26
BoughtKrishna Ketan Patel→ 0.00% · 6016 Apr 26
BoughtKetan Ratilal Patel→ 5.70%16 Apr 26
Promoter pledges
ReleasedBajaj Finance Ltd35.00 L · 9.84% held29 Jun 20
PledgedBajaj Finance Limited35.00 L · 0.00% held27 Nov 18
What shareholders were asked to approve

A company cannot decide everything on its own. Things like a top executive’s pay, issuing new shares, or re-appointing a director have to be put to the people who own the company, and they vote — one vote per share. So whoever owns the most shares has the most say.

Yearly shareholder meeting · 11 Sep 2026
See the official result
1
Aadoption of audited financial statements (including consolidated financial statements) of the Company for the financial year ended on 31st March, 2026 and the Reports of the Directors and Auditors thereon.
Backed by 99% of shareholders other than promotersneeded 50%
1.04 cr votes for, 54,611 against · 1% of mutual funds and other big investors said no
2
To declare dividend on Equity Shares for the financial year ended on 31st March, 2026.
Backed by 100% of shareholders other than promotersneeded 50%
1.05 cr votes for, 261 against · 0% of mutual funds and other big investors said no
3
Re-appointment of Mr. Kulin Sanjay Lalbhai (DIN: 05206878) as Director of the Company, liable to retire by rotation.
Promoters had a personal stake in this
Backed by 99% of shareholders other than promotersneeded 50%
1.04 cr votes for, 54,711 against · 1% of mutual funds and other big investors said no
4
Appointment of M/s. Walker Chandiok & Co LLP, Chartered Accountants LLP (ICAI Firm Registration No.: 001076N/N500013) as the Statutory Auditors of the Company for a term of 5 (Five) consecutive years.
Backed by 99% of shareholders other than promotersneeded 50%
1.04 cr votes for, 54,623 against · 1% of mutual funds and other big investors said no

Every vote count above is taken from the result the company filed with the stock exchange, certified by an independent counter. To work out what would have happened without the promoters, we simply remove their votes and re-apply the same legal bar the proposal had to clear. Nothing here is an estimate or an opinion.

Who controls this company, and what it pays them

Most Indian companies are controlled by a family or group — the promoters. The exchange requires them to be listed by name, including members who own no shares at all, and requires the company to disclose any business it does with them.

The promoter group — 50 named members
owning 53.8% between them · as of 2026-06-30
Aura Securities Private Limited44.80%
Aura Business Ventures LLP3.49%
Aura Merchandise Pvt. Ltd.2.67%
Aagam Holdings Private Limited1.37%
Atul Limited0.90%
Sanjaybhai Shrenikbhai Lalbhai0.44%
Lalbhai Realty Finance Private Limited0.10%
Aayojan Resources Private Ltd0.02%
Business done with them
FY2025 · 2 of the group
The company paid ₹11 L to companies in the promoter group last year — about 0.0% of its ₹713 cr revenue and received ₹6 cr back from them.
Arvind Limited
Other income from them · Various
₹5 cr
company received
Aura Business Ventures LLP
Other income from them · Trade Receivables
also owns 3.49% of the company
₹1 cr
company received
Arvind Limited
Other payments to them · Various
₹11 L
company paid

The company also transacted with 16 other related parties — subsidiaries, joint ventures, directors and others — that we could not match by name to the promoter list above. Some may still be connected to the family; we only count the ones the filings let us match with certainty.

Names and holdings from the company’s shareholding pattern filed with the exchange; transactions from the related-party note in its annual report. Every figure is as filed — these are legal, disclosed dealings, and what to make of them is your call.

How the stock has moved · adjusted for splits & bonuses
Data from primary exchange filings · analysis tool, not investment advice.