Arvind SmartSpaces Ltd. (IN:ARVSMART)
:ARVSMART
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Arvind SmartSpaces Ltd.
(ARVSMART)
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Rating:61Neutral
Price Target:
₹649.00
▲(9.22% Upside)
Action:Reiterated
Date:05/22/26
The score is held back primarily by weak recent cash generation (negative operating and free cash flow in 2025–2026) and higher leverage, despite strong reported margins. Technicals are supportive with a positive trend and balanced momentum, while valuation is middling with a moderate P/E and a low dividend yield.
Positive Factors
High Profitability / Margins
Sustained high development margins and strong operating profitability indicate resilient project-level economics and pricing power. For a developer, gross margins near 50% and ~26% EBIT margin provide a durable buffer vs. cost pressure and support reinvestment and returns across project cycles.
Negative Factors
Weak Cash Generation
Repeated negative operating and free cash flow reduces internal funding for project completion and increases reliance on external financing or equity. Over a 2-6 month horizon this magnifies liquidity and execution risk during heavy build-out phases and limits flexibility for opportunistic investments.
Read all positive and negative factors
Positive Factors
Negative Factors
High Profitability / Margins
Sustained high development margins and strong operating profitability indicate resilient project-level economics and pricing power. For a developer, gross margins near 50% and ~26% EBIT margin provide a durable buffer vs. cost pressure and support reinvestment and returns across project cycles.
Read all positive factors
Arvind SmartSpaces Ltd. (ARVSMART) vs. iShares MSCI India ETF (INDA)
Market Cap
₹27.75B
Dividend Yield0.98%
Average Volume (3M)1.39K
Price to Earnings (P/E)28.1
Beta (1Y)1.63
Revenue Growth-20.92%
EPS Growth-11.72%
CountryIN
Employees415
SectorReal Estate
Sector Strength53
IndustryReal Estate - Development
Share Statistics
EPS (TTM)20.22
Shares Outstanding45,866,978
10 Day Avg. Volume1,273
30 Day Avg. Volume1,385
Financial Highlights & Ratios
PEG Ratio-1.85
Price to Book (P/B)3.55
Price to Sales (P/S)4.08
P/FCF Ratio-9.37
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)33.15
Revenue Forecast (FY)₹6.76B
Arvind SmartSpaces Ltd. Business Overview & Revenue Model
Company Description
Arvind SmartSpaces Limited is a prominent Indian company specializing in real estate development. Its portfolio encompasses a diverse range of residential, commercial, and industrial properties. These ventures are strategically situated across key...
How the Company Makes Money
Arvind SmartSpaces primarily makes money by developing and selling real estate units/plots in its projects. Its core revenue stream is recognized from (1) sale of residential units (e.g., apartments/villas) and (2) sale of plotted development inve...
Arvind SmartSpaces Ltd. Financial Statement Overview
Summary
Income Statement
72
Positive
Balance Sheet
58
Neutral
Cash Flow
34
Negative
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 6.16B | 5.64B | 7.13B | 3.41B | 2.56B | 2.57B |
| Gross Profit | 2.96B | 2.78B | 3.10B | 2.49B | 1.30B | 1.31B |
| EBITDA | 1.69B | 1.52B | 1.91B | 1.21B | 504.19M | 543.53M |
| Net Income | 922.50M | 964.43M | 1.10B | 415.71M | 256.07M | 250.58M |
Balance Sheet | ||||||
| Total Assets | 27.09B | 35.94B | 26.71B | 21.02B | 15.11B | 11.36B |
| Cash, Cash Equivalents and Short-Term Investments | 2.66B | 2.96B | 2.43B | 1.66B | 1.48B | 1.53B |
| Total Debt | 1.70B | 5.83B | 2.85B | 1.10B | 1.46B | 301.68M |
| Total Liabilities | 19.07B | 26.97B | 18.63B | 14.76B | 10.15B | 6.59B |
| Stockholders Equity | 5.98B | 6.49B | 5.98B | 4.95B | 4.66B | 4.39B |
Cash Flow | ||||||
| Free Cash Flow | 1.24B | -2.46B | -1.15B | 145.68M | -1.12B | 1.51B |
| Operating Cash Flow | 1.35B | -1.99B | -999.38M | 305.01M | -1.01B | 1.61B |
| Investing Cash Flow | 195.93M | -81.22M | -419.30M | -277.64M | -815.18M | 292.93M |
| Financing Cash Flow | -1.67B | 2.78B | 1.34B | -33.18M | 952.64M | -740.09M |
Arvind SmartSpaces Ltd. Technical Analysis
Positive
594.20
Price Trends
598.99
Positive
569.22
Positive
590.08
Positive
Market Momentum
-1.13
Negative
58.75
Neutral
63.75
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:ARVSMART, the sentiment is Positive. The current price of 594.2 is above the 20-day moving average (MA) of 594.00, below the 50-day MA of 598.99, and above the 200-day MA of 590.08, indicating a bullish trend. The MACD of -1.13 indicates Negative momentum. The RSI at 58.75 is Neutral, neither overbought nor oversold. The STOCH value of 63.75 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:ARVSMART.
Arvind SmartSpaces Ltd. Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
75 Outperform | ₹39.09B | 31.28 | ― | 0.85% | 116.20% | 552.90% | |
65 Neutral | $2.17B | 12.19 | 3.79% | 4.94% | 3.15% | 1.96% | |
61 Neutral | ₹27.75B | 28.09 | ― | 0.98% | -20.92% | -11.72% | |
61 Neutral | ₹27.55B | 17.89 | ― | 0.47% | 47.76% | 12.24% | |
61 Neutral | ₹28.64B | 18.72 | ― | ― | 57.54% | 178.72% | |
59 Neutral | ₹27.61B | 13.45 | ― | 0.19% | -14.48% | -9.32% | |
49 Neutral | ₹33.23B | -85.83 | ― | 1.01% | -57.20% | -133.26% |
* Real Estate Sector Average
IN:ARVSMART
Arvind SmartSpaces Ltd.
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-7.21%
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Arvind SmartSpaces Ltd. Corporate Events
Arvind SmartSpaces Bolsters ESOP Framework as Promoters Lift Stake
Mar 28, 2026
Arvind SmartSpaces has strengthened its employee stock ownership framework by operationalising the ASL ESOP Trust, which has acquired about 1% of the company’s equity, or 458,670 shares, from the open market. The trust-based ESOP structures,...
Arvind SmartSpaces Publishes Notice on Special Window for Demat of Physical Shares
Feb 28, 2026
Arvind SmartSpaces Ltd. has notified the stock exchanges that it has published newspaper advertisements on February 28, 2026, in the Financial Express (all-India English edition) and its Gujarati Ahmedabad edition. The advertisements relate to a s...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.