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Arvind SmartSpaces Ltd share Price Today

Company details

675.00
703.80
309.00
764.00
6M Return 57.96%
1Y Return 91.69%
Mkt Cap.(Cr) 3,076.59
Volume 48,844
Div Yield 0.52%
OI
-
OI Chg %
-
Volume 48,844

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Realty company Arvind SmartSpaces announced Q4FY24 & FY24 results:

Q4FY24 Financial Highlights:

  • Bookings grew by 32% YoY; Rs 323 crore vs. Rs 244 crore last year
  • Collections increased by 14% YoY at Rs 215 crore vs Rs 188 crore last year
  • Revenue from Operations grew by 27% YoY; Rs 117 crore vs. Rs 93 crore last year
  • Adj. EBITDA grew by 38% YoY; Rs 28.6 crore vs. Rs 20.7 crore last year
  • PAT grew by 67% YoY; Rs 15.5 crore as against Rs 9.3 crore last year
  • Net Debt (Interest bearing funds) decreased to Rs (41) crore as on Mar 31, 2024 from Net debt of Rs (30) crore as on Mar 31, 2023. Net Debt (Interest-bearing funds) to Equity ratio stood at (0.10) as on Mar 31, 2024 as against (0.07) as on Mar 31, 2023
  • Arvind Orchards, Bengaluru launched during Q1 witnessed bookings of Rs 163 crore - booked entire released inventory for sale within 7 houRs
  • Towards end of Q4 Launched Rhythm of Life, Laxmanpura achieving sales of over Rs 70 crore, which is ~75% of the launched inventory

FY24 Financial Highlights:

  • Bookings grew by 38% YoY; Rs 1,107 crore vs. Rs 802 crore last year
  • Collections improved by 46%; Rs 876 crore vs Rs 600 crore last year
  • Revenue from Operations grew by 33% YoY; Rs 341 crore vs. Rs 256 crore last year
  • Adj. EBITDA grew by 57% YoY; Rs 85.5 crore vs. Rs 54.5 crore last year
  • PAT grew by 62% YoY; Rs 41.6 crore as against Rs 25.6 crore last year
  • During the year acquired new projects with a topline potential of Rs 4,150 crore - added four new projects in Ahmedabad, and one each in Bengaluru and Surat

Commenting on the Q4 & FY24 performance, Kamal Singal, MD and CEO, Arvind SmartSpaces said, “We are pleased to share that FY24 has been a landmark year of the Company with milestones achieved across bookings, collections, and business development. The company has recorded the highest-ever annual bookings of Rs 1,107 crore, a growth of 38% YoY. Brand Arvind continues to be received strongly by homebuyers across newer micro markets. Our new launches including Uplands 2.0 & 3.0, Forest Trails, Arvind Orchards, and Rhythm Of Life, contributed ~70% of our booking value for FY24. Our Bangalore presence remains strong with bookings of Rs 420 crore contributing 38% to the total annual bookings.

FY24 marked an orbital change in our Business Development efforts and we acquired new projects with an expected topline of ~Rs 4,150 crore as against Rs 930 crore in FY23. We have added four new projects in Ahmedabad, and one each in Bengaluru and Surat. We look forward to sustaining this momentum in the coming year as well.

FY24 Collections at Rs 876 crore, a growth of 46% YoY were the highest ever in the Company’s history, a result of efficient execution of the virtuous process of sales, registrations, construction, and deliveries. Strong collections and profitability resulted in net operating cash flows of Rs 458 crore in FY24. Despite increased investments in Business Development activities, our Net Debt remained negative at Rs (41) crore, on account of significant internal accruals.

As a company, the focus always remains on shareholder value creation. We are happy to inform that the Board of Directors has recommended a final dividend of Rs 2.5/- per equity share and a special dividend of Rs 1/- per equity share, totalling to a dividend of Rs 3.5/- per equity share of face value of Rs 10/- each.

With an all-time low inventory overhang and a decade-high average pricing growth, demand optimism in the residential markets is likely to continue in the medium term. We are set to further deepen our presence in Gujarat, Bengaluru, and Maharashtra.”

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Arvind SmartSpaces Ltd shares SWOT Analysis

Strengths (14)

  • Strong Momentum: Price above short, medium and long term moving averages
  • Rising Net Cash Flow and Cash from Operating activity
  • Company with high TTM EPS Growth

Weakness (1)

  • MFs decreased their shareholding last quarter

Opportunity (1)

  • Highest Recovery from 52 Week Low

Threats (2)

  • Promoter decreasing their shareholding
  • High PE (PE > 40)

Resistance and support

R1 696.5
R2 714.6
R3 725.3
Pivot

685.77

S1 667.7
S2 657.0
S3 638.9
EMA SMA
663.6
657.5
617.9
539.9
654.0
678.3
631.0
506.2
Delivery and volume
CLIENT NAME DEAL TYPE ACTION DATE AVG. PRICE QUANTITY EXCHANGE
ICICI PRUDENTIAL EQUITY OPPORTUNITIES FUND Bulk Purchase 2024-02-23 582 465000 BSE
KAUSALYA REALSERVE LLP . Bulk Sell 2024-02-23 582.02 700000 BSE
QUANT MUTUAL FUND Bulk Purchase 2022-09-06 228.5 500000 BSE
Name Category Shares
Aura Securities Private Limited PROMOTER 41.27%
Aura Business Ventures Llp PROMOTER 3.53%
Aura Merchandise Pvt. Ltd. PROMOTER 2.7%
Aagam Holdings Private Limited PROMOTER 1.39%
Atul Limited PROMOTER 0.91%

FINANCIALS

Sales
Operating Profit
Profit after Tax
Equity
Reserves and Surplus
Debt
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Arvind SmartSpaces Ltd Stocks COMPARISON

Financials( in Cr) Arvind SmartSpaces Ltd DLF Ltd Godrej Properties Ltd Prestige Estates Projects Ltd Oberoi Realty Ltd
Price 678.50 878.60 2,998.50 1,926.85 1,907.80
% Change -2.93 0.52 -1.06 2.90 -1.40
Mcap Cr 3,076.59 217,480.91 83,370.59 77,240.09 69,367.99
Revenue TTM Cr 255.92 5,694.83 2,252.26 8,315.00 4,495.79
Net Profit TTM Cr 27.83 1,100.92 620.60 1,066.80 1,926.60
PE TTM 74.05 79.67 114.96 56.23 39.46
1 Year Return 91.69 74.46 103.36 235.60 93.86
ROCE 10.02 4.51 5.64 10.43 16.30
ROE 7.68 2.97 5.80 8.57 14.79
INSIDER & INSTITUTIONAL ACTIVITY

Equity Capital: 466.41 Cr FV: 10.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 32,317.57 -2,589.17
LAST 3M 111,725.82 -36,230.77
LAST 6M 182,653.52 -16,910.03
LAST 12M 290,144.87 98,834.05

Arvind SmartSpaces Ltd Information

Stock PE (TTM)
74.05
Promoter Holding
50.4%
Book Value
109.0694
ROCE
10.02%
ROE
7.68%
Description
  • Arvind SmartSpaces Ltd was formerly incorporated as "Arvind Infrastructure Limited" on December 26, 2008 in Ahmedabad as a wholly owned subsidiary of Arvind Limited. The name of the Company was changed to "Arvind SmartSpaces Limited" from "Arvind Infrastructure Limited" with effect from 16th November, 2016. The Company was incorporated with the aim of doing real estate/ infrastructure development business. The Company is engaged in the development of real estate comprising of residential, commercial and industrial projects. In 2010, the Company entered into JV with Bsafal for construction of high rise residential apartment project in eastern Ahmedabad. In 2011, it made successful delivery of of first residential project- "Alcove". In 2012, the Company`s first project was launched in Bengaluru. The Company entered into MOU for premium low rise golf centric villa township project "Uplands" in western Ahmedabad. In 2014, it became became first real estate developer in Gujarat to partner with Disney for project "Uplands". The Real Estate Division of Arvind Limited was demerged into the erstwhile Company, Arvind Infrastructure Limited through the Scheme of Arrangement for Demerger in 2015-16. In terms of the said Scheme of Demerger, the equity shares of the Company were consolidated from 10 equity shares of face value Re 1 each to 1 equity share of face value of Rs 10 (ten) each. 1 equity share of the Company was allotted for every 10 equity shares of Arvind, to the shareholders of Arvind by issuing 2,58,24,307 equity shares of Rs 10 each to the shareholders of Arvind. The equity shares of the Company got listed on 26th August, 2015 on BSE Limited, National Stock Exchange of India Limited and Ahmedabad Stock Exchange Limited. The Company launched new projects namely Forreste, Uplands Two Monogram Living and Bel Air in 2019-20. Skylands, Sporcia, Expansia, Alcove, Megatrade, Citadel, MegaPark and MegaEstate were launched in 2020-21. It launched additional phase in Forreste; launched Chirping Woods and added additional area in Uplands Two in 2021-22. In 2021-22, it launched Oasis, Sporcia, Parishkar / Trade Square, Aavishkaar. The Company launched its first plotting project Arvind Greatlands in Devanahalli, Bangalore in 2023. It further launched 3 projects including Arvind Greatlands, Fruits of Life in Ahmedabad and Forreste 5 in 2022-23.

No Data Found

AGM Date (Month) : Aug
Face Value Equity Shares : 10
Market Lot Equity Shares : 1
BSE Code : 539301
NSE Code : ARVSMART
Book Closure Date (Month) : Jul/Aug
BSE Group : B
ISIN : INE034S01021

FAQ’s on Arvind SmartSpaces Ltd Shares

You can buy Arvind SmartSpaces Ltd shares through a brokerage firm. ICICIdirect is a registered broker through which you can place orders to buy Arvind SmartSpaces Ltd Share.

Company share prices and volatile and keep changing according to the market conditions. As of Jun 14, 2024 03:54 PM the closing price of Arvind SmartSpaces Ltd was Rs.678.50.

The latest PE ratio of Arvind SmartSpaces Ltd as of Jun 14, 2024 03:54 PM is 74.05

The latest PB ratio of Arvind SmartSpaces Ltd as of Jun 14, 2024 03:54 PM is 0.16

The 52-week high of Arvind SmartSpaces Ltd share price is Rs. 764.00 while the 52-week low is Rs. 309.00

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of Jun 14, 2024 03:54 PM, the market cap of Arvind SmartSpaces Ltd stood at Rs. 3,076.59.

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