About
Arvind SmartSpaces Limited, together with its subsidiaries, engages in the development of real estate projects in India. The company develops residential, commercial, industrial projects, villa townships, apartments, plotted developments and villas, commercial spaces, 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.
Key Metrics
as of Sep 2026Market Cap2,949 Cr
P/E16.00
Div Yield0.35 %
Book Value₹142.00
52w High₹708.00
52w Low₹487.00
Face Value₹10.00
Quarterly Results
Rs. Crores · hover row for definition| Metric | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 | Jun 2024 | Mar 2024 | Dec 2023 | Sep 2023 | Jun 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 92.00 | 80.00 | 103.00 | 36.00 | 20.00 | 68.00 | 20.00 | 13.00 | 24.00 | 64.00 | 12.00 | 43.00 | 32.00 |
| Expenses | 66.00 | 52.00 | 75.00 | 46.00 | 24.00 | 64.00 | 25.00 | 20.00 | 23.00 | 43.00 | 18.00 | 28.00 | 25.00 |
| Operating Profit | 26.00 | 28.00 | 28.00 | -10.00 | -4.00 | 4.00 | -5.00 | -7.00 | 1.00 | 21.00 | -7.00 | 15.00 | 7.00 |
| OPM % | 28.00 | 35.00 | 27.00 | -29.00 | -21.00 | 6.00 | -26.00 | -53.00 | 6.00 | 33.00 | -56.00 | 35.00 | 22.00 |
| Other Income | 21.00 | 18.00 | 11.00 | 12.00 | 8.00 | 9.00 | 10.00 | 9.00 | 9.00 | 10.00 | 9.00 | 10.00 | 10.00 |
| Depreciation | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 0.00 |
| Interest | 16.00 | 11.00 | 6.00 | 5.00 | 6.00 | 4.00 | 2.00 | 2.00 | 2.00 | 2.00 | 1.00 | 1.00 | 1.00 |
| Profit before tax | 29.00 | 34.00 | 32.00 | -4.00 | -3.00 | 8.00 | 3.00 | -1.00 | 8.00 | 28.00 | 1.00 | 23.00 | 15.00 |
| Tax % | 31.00 | 16.00 | 27.00 | -11.00 | -34.00 | 31.00 | 23.00 | -44.00 | 20.00 | 25.00 | 21.00 | 10.00 | 17.00 |
| Net Profit | 20.00 | 29.00 | 23.00 | -4.00 | -2.00 | 6.00 | 2.00 | 0.00 | 6.00 | 21.00 | 0.00 | 21.00 | 12.00 |
| EPS in Rs | 4.39 | 6.22 | 5.04 | -0.82 | -0.41 | 1.25 | 0.42 | -0.09 | 1.39 | 4.72 | 0.10 | 4.65 | 2.69 |
Profit & Loss
Annual · Rs. Crores| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 238.00 | 125.00 | 151.00 | 117.00 | 120.00 | 94.00 | 151.00 | 234.00 | 128.00 | 90.00 | 111.00 | 61.00 |
| Expenses | 197.00 | 131.00 | 114.00 | 100.00 | 90.00 | 73.00 | 117.00 | 171.00 | 91.00 | 62.00 | 78.00 | 38.00 |
| Operating Profit | 41.00 | -6.00 | 37.00 | 17.00 | 31.00 | 21.00 | 35.00 | 63.00 | 37.00 | 28.00 | 33.00 | 24.00 |
| OPM % | 17.00 | -4.90 | 25.00 | 14.00 | 25.00 | 22.00 | 23.00 | 27.00 | 29.00 | 31.00 | 30.00 | 39.00 |
| Other Income | 49.00 | 38.00 | 38.00 | 37.00 | 27.00 | 18.00 | 11.00 | 16.00 | 14.00 | 5.00 | 4.00 | 0.00 |
| Interest | 28.00 | 11.00 | 6.00 | 6.00 | 11.00 | 20.00 | 18.00 | 20.00 | 15.00 | 12.00 | 8.00 | 8.00 |
| Depreciation | 4.00 | 3.00 | 2.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 0.00 |
| Profit before tax | 59.00 | 18.00 | 67.00 | 47.00 | 45.00 | 18.00 | 26.00 | 58.00 | 35.00 | 20.00 | 27.00 | 16.00 |
| Tax % | 21.00 | 25.00 | 18.00 | 19.00 | 14.00 | 22.00 | 26.00 | 21.00 | 15.00 | -3.00 | 36.00 | 31.00 |
| Net Profit | 46.00 | 14.00 | 55.00 | 38.00 | 39.00 | 14.00 | 19.00 | 46.00 | 30.00 | 21.00 | 17.00 | 11.00 |
| EPS in Rs | 10.02 | 2.97 | 12.16 | 8.45 | 9.19 | 3.93 | 5.45 | 13.06 | 9.34 | 7.25 | 6.70 | 10.93 |
| Dividend Payout % | 22.00 | 202.00 | 29.00 | 39.00 | 0.00 | 0.00 | 0.00 | 11.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Balance Sheet
Annual · Rs. Crores — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 46.00 | 46.00 | 45.00 | 45.00 | 42.00 | 36.00 | 36.00 | 35.00 | 32.00 | 28.00 | 26.00 | 10.00 |
| Reserves | 532.00 | 531.00 | 525.00 | 484.00 | 425.00 | 301.00 | 287.00 | 273.00 | 263.00 | 167.00 | 118.00 | 116.00 |
| Borrowings | 575.00 | 204.00 | 66.00 | 53.00 | 2.00 | 119.00 | 165.00 | 171.00 | 161.00 | 93.00 | 91.00 | 28.00 |
| Other Liabilities | 888.00 | 665.00 | 501.00 | 399.00 | 367.00 | 146.00 | 71.00 | 97.00 | 38.00 | 43.00 | 22.00 | 51.00 |
| Total Liabilities | 2,041.00 | 1,446.00 | 1,137.00 | 980.00 | 836.00 | 601.00 | 559.00 | 577.00 | 494.00 | 331.00 | 256.00 | 205.00 |
| Fixed Assets | 21.00 | 20.00 | 15.00 | 10.00 | 8.00 | 7.00 | 7.00 | 8.00 | 8.00 | 8.00 | 8.00 | 2.00 |
| CWIP | 3.00 | 0.00 | 0.00 | 1.00 | 1.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Investments | 485.00 | 463.00 | 348.00 | 244.00 | 222.00 | 148.00 | 180.00 | 227.00 | 168.00 | 94.00 | 61.00 | 0.00 |
| Other Assets | 1,532.00 | 963.00 | 773.00 | 725.00 | 605.00 | 446.00 | 371.00 | 342.00 | 317.00 | 229.00 | 187.00 | 203.00 |
| Total Assets | 2,041.00 | 1,446.00 | 1,137.00 | 980.00 | 836.00 | 601.00 | 559.00 | 577.00 | 494.00 | 331.00 | 256.00 | 205.00 |
Cash Flows
Annual · Rs. Crores — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | -144.00 | -232.00 | -45.00 | -32.00 | 225.00 | 84.00 | -39.00 | 30.00 | -60.00 | -10.00 | -9.00 | 55.00 |
| Cash from Investing Activity | -87.00 | 104.00 | 74.00 | -157.00 | -70.00 | -1.00 | 69.00 | -26.00 | -62.00 | -11.00 | -7.00 | 2.00 |
| Cash from Financing Activity | 298.00 | 115.00 | -9.00 | 67.00 | -36.00 | -66.00 | -29.00 | -3.00 | 122.00 | 20.00 | 17.00 | 25.00 |
| Net Cash Flow | 68.00 | -13.00 | 20.00 | -121.00 | 119.00 | 17.00 | 1.00 | 1.00 | 0.00 | -1.00 | 1.00 | 82.00 |
| Free Cash Flow | -154.00 | -237.00 | -55.00 | -35.00 | 222.00 | 83.00 | -40.00 | 30.00 | -61.00 | -11.00 | -10.00 | 54.00 |
| CFO/OP % | -304.00 | 3,512.00 | -107.00 | -143.00 | 764.00 | 402.00 | -108.00 | 51.00 | -146.00 | -20.00 | -4.00 | 252.00 |
Ratios
Annual · Days / % — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 12.00 | 3.00 | 5.00 | 6.00 | 3.00 | 9.00 | 2.00 | 1.00 | 161.00 | 113.00 | 112.00 | 10.00 |
| Inventory Days | — | — | — | 3,571.00 | 3,967.00 | 2,726.00 | — | 1,253.00 | — | — | 900.00 | — |
| Days Payable | — | — | — | 326.00 | 396.00 | 242.00 | — | 87.00 | — | — | 208.00 | — |
| Cash Conversion Cycle | 12.00 | 3.00 | 5.00 | 3,251.00 | 3,574.00 | 2,494.00 | 2.00 | 1,167.00 | 161.00 | 113.00 | 804.00 | 10.00 |
| Working Capital Days | -66.00 | -214.00 | -236.00 | -272.00 | -278.00 | 469.00 | 136.00 | 182.00 | 625.00 | 615.00 | 355.00 | 603.00 |
| ROCE % | 9.00 | 3.00 | 11.00 | 10.00 | 12.00 | 8.00 | 9.00 | 17.00 | 13.00 | 12.00 | 18.00 | 17.00 |
Corporate Actions
11 records| Action | Ex Date | Record Date | Ratio | Amount (₹) | Notes |
|---|---|---|---|---|---|
| Dividend | 25 Jul 2025 | 25 Jul 2025 | — | 6.00 | |
| Dividend | 18 Jul 2024 | — | — | 1.00 | NSE/BSE dividend mismatch: BSE/NSE=2.5; BSE/NSE=1.0 |
| Dividend | 18 Jul 2024 | — | — | 2.50 | NSE/BSE dividend mismatch: BSE/NSE=2.5; BSE/NSE=1.0 |
| Dividend | 21 Jul 2023 | — | — | 1.65 | |
| Other | 04 Aug 2022 | — | — | — | Annual General Meeting |
| Other | 14 Sep 2021 | — | — | — | Annual General Meeting |
| Other | 21 Sep 2020 | — | — | — | Annual General Meeting |
| Dividend | 26 Jul 2019 | — | — | 1.50 | |
| Other | 16 Aug 2018 | — | — | — | Annual General Meeting |
| Other | 31 Aug 2017 | — | — | — | Annual General Meeting |
| Other | 09 Sep 2016 | — | — | — | Annual General Meeting |
Announcements
5 filingsShareholding Pattern
Open on BSEFinancial Results — Filings
Open on BSEBoard Filings
Open on BSEAnnual Reports
Credit Ratings
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Rating update23 Jun from fitch
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Rating update26 Dec 2023 from fitch
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Rating update22 Feb 2022 from fitch
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Rating update12 Jan 2021 from fitch
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Rating update7 Aug 2020 from fitch
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Rating update8 Jul 2020 from fitch
Conference Calls
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