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Arvind SmartSpaces NSEI:ARVSMART Stock Report

Last Price


Market Cap







27 Jun, 2022


Company Financials
ARVSMART fundamental analysis
Snowflake Score
Future Growth0/6
Past Performance4/6
Financial Health5/6

ARVSMART Stock Overview

Arvind SmartSpaces Limited engages in the development of real estate projects in India.

Arvind SmartSpaces Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Arvind SmartSpaces
Historical stock prices
Current Share Price₹162.40
52 Week High₹257.85
52 Week Low₹103.85
1 Month Change-3.02%
3 Month Change-16.01%
1 Year Change53.06%
3 Year Change62.72%
5 Year Change17.04%
Change since IPO204.98%

Recent News & Updates

Jun 14
Is Arvind SmartSpaces (NSE:ARVSMART) Using Too Much Debt?

Is Arvind SmartSpaces (NSE:ARVSMART) Using Too Much Debt?

Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...

Shareholder Returns

ARVSMARTIN Real EstateIN Market

Return vs Industry: ARVSMART exceeded the Indian Real Estate industry which returned 20.2% over the past year.

Return vs Market: ARVSMART exceeded the Indian Market which returned -0.9% over the past year.

Price Volatility

Is ARVSMART's price volatile compared to industry and market?
ARVSMART volatility
ARVSMART Average Weekly Movement7.2%
Real Estate Industry Average Movement7.3%
Market Average Movement6.9%
10% most volatile stocks in IN Market9.9%
10% least volatile stocks in IN Market4.5%

Stable Share Price: ARVSMART is not significantly more volatile than the rest of Indian stocks over the past 3 months, typically moving +/- 7% a week.

Volatility Over Time: ARVSMART's weekly volatility (7%) has been stable over the past year.

About the Company

2008197Kamal Sham Singal

Arvind SmartSpaces Limited engages in the development of real estate projects in India. It develops residential, commercial, and industrial projects in Ahmedabad, Pune, and Bengaluru. The company was formerly known as Arvind Infrastructure Limited and changed its name to Arvind SmartSpaces Limited in November 2016.

Arvind SmartSpaces Fundamentals Summary

How do Arvind SmartSpaces's earnings and revenue compare to its market cap?
ARVSMART fundamental statistics
Market Cap₹6.93b
Earnings (TTM)₹250.58m
Revenue (TTM)₹2.57b


P/E Ratio


P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
ARVSMART income statement (TTM)
Cost of Revenue₹1.25b
Gross Profit₹1.32b
Other Expenses₹1.06b

Last Reported Earnings

Mar 31, 2022

Next Earnings Date


Earnings per share (EPS)5.90
Gross Margin51.21%
Net Profit Margin9.76%
Debt/Equity Ratio6.3%

How did ARVSMART perform over the long term?

See historical performance and comparison
We’ve recently updated our valuation analysis.


Is ARVSMART undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score


Valuation Score 3/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • PEG Ratio

Key Valuation Metric

Which metric is best to use when looking at relative valuation for ARVSMART?

Other financial metrics that can be useful for relative valuation.

ARVSMART key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue2.4x
Enterprise Value/EBITDA12.4x
PEG Ration/a

Price to Earnings Ratio vs Peers

How does ARVSMART's PE Ratio compare to its peers?

ARVSMART PE Ratio vs Peers
The above table shows the PE ratio for ARVSMART vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average42.5x
BINDALAGRO Oswal Greentech
523329 Eldeco Housing and Industries
SHRIRAMPPS Shriram Properties
526407 Ritesh Properties and Industries
ARVSMART Arvind SmartSpaces

Price-To-Earnings vs Peers: ARVSMART is good value based on its Price-To-Earnings Ratio (27.6x) compared to the peer average (42.5x).

Price to Earnings Ratio vs Industry

How does ARVSMART's PE Ratio compare vs other companies in the IN Real Estate Industry?

Price-To-Earnings vs Industry: ARVSMART is expensive based on its Price-To-Earnings Ratio (27.6x) compared to the Indian Real Estate industry average (26.3x)

Price to Earnings Ratio vs Fair Ratio

What is ARVSMART's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

ARVSMART PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio27.6x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate ARVSMART's Price-To-Earnings Fair Ratio for valuation analysis.

Share Price vs Fair Value

What is the Fair Price of ARVSMART when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: ARVSMART (₹162.4) is trading below our estimate of fair value (₹1281.54)

Significantly Below Fair Value: ARVSMART is trading below fair value by more than 20%.

Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate ARVSMART's PEG Ratio to determine if it is good value.

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Future Growth

How is Arvind SmartSpaces forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

Future Growth Score


Future Growth Score 0/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


Forecasted Real Estate industry annual growth in earnings

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Arvind SmartSpaces has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.

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  • Examine whether Arvind SmartSpaces is trading at an attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.
  • Arvind SmartSpaces competitive advantages and company strategy can generally be found in its financial reports archived here.

Past Performance

How has Arvind SmartSpaces performed over the past 5 years?

Past Performance Score


Past Performance Score 4/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: ARVSMART has high quality earnings.

Growing Profit Margin: ARVSMART's current net profit margins (9.8%) are higher than last year (5.9%).

Past Earnings Growth Analysis

Earnings Trend: ARVSMART's earnings have declined by 4.4% per year over the past 5 years.

Accelerating Growth: ARVSMART's earnings growth over the past year (186.5%) exceeds its 5-year average (-4.4% per year).

Earnings vs Industry: ARVSMART earnings growth over the past year (186.5%) exceeded the Real Estate industry 34.1%.

Return on Equity

High ROE: ARVSMART's Return on Equity (5.2%) is considered low.

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Financial Health

How is Arvind SmartSpaces's financial position?

Financial Health Score


Financial Health Score 5/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: ARVSMART's short term assets (₹10.0B) exceed its short term liabilities (₹6.3B).

Long Term Liabilities: ARVSMART's short term assets (₹10.0B) exceed its long term liabilities (₹319.9M).

Debt to Equity History and Analysis

Debt Level: ARVSMART has more cash than its total debt.

Reducing Debt: ARVSMART's debt to equity ratio has reduced from 44.2% to 6.3% over the past 5 years.

Debt Coverage: ARVSMART's debt is well covered by operating cash flow (532.3%).

Interest Coverage: ARVSMART's interest payments on its debt are not well covered by EBIT (2.8x coverage).

Balance Sheet

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What is Arvind SmartSpaces's current dividend yield, its reliability and sustainability?

Dividend Score


Dividend Score 0/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage

Dividend Yield vs Market

Notable Dividend: Unable to evaluate ARVSMART's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate ARVSMART's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.

Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if ARVSMART's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if ARVSMART's dividend payments have been increasing.

Earnings Payout to Shareholders

Earnings Coverage: ARVSMART is not paying a notable dividend for the Indian market.

Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as ARVSMART has not reported any payouts.

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How experienced are the management team and are they aligned to shareholders interests?


Average management tenure


Kamal Sham Singal (49 yo)





Mr. Kamal Sham Lal Singal has been the Managing Director and Chief Executive Officer of Arvind SmartSpaces Limited (Also known as Arvind Infrastructure Limited) since May 8, 2015 and also serves as its Exe...

CEO Compensation Analysis

Compensation vs Market: Kamal Sham's total compensation ($USD111.70K) is above average for companies of similar size in the Indian market ($USD38.33K).

Compensation vs Earnings: Kamal Sham's compensation has been consistent with company performance over the past year.

Leadership Team

Experienced Management: ARVSMART's management team is seasoned and experienced (8.2 years average tenure).

Board Members

Experienced Board: ARVSMART's board of directors are considered experienced (7.3 years average tenure).


Who are the major shareholders and have insiders been buying or selling?

Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.

Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 19.4%.

Top Shareholders

Company Information

Arvind SmartSpaces Limited's employee growth, exchange listings and data sources

Key Information

  • Name: Arvind SmartSpaces Limited
  • Ticker: ARVSMART
  • Exchange: NSEI
  • Founded: 2008
  • Industry: Real Estate Development
  • Sector: Real Estate
  • Implied Market Cap: ₹6.928b
  • Shares outstanding: 42.46m
  • Website:

Number of Employees


  • Arvind SmartSpaces Limited
  • 24, Government Servant's Society
  • Behind Citibank, Near Municipal Market
  • Ahmedabad
  • Gujarat
  • 380009
  • India


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/06/27 00:00
End of Day Share Price2022/06/27 00:00
Annual Earnings2022/03/31

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.