NSEI:ARVSMART

Stock Analysis Report

NOT FOR DISTRIBUTION
Header cover image

Executive Summary

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


Snowflake Analysis

Solid track record with mediocre balance sheet.

Share Price & News

How has Arvind SmartSpaces's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: ARVSMART has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

-1.2%

ARVSMART

-3.6%

IN Real Estate

1.3%

IN Market


1 Year Return

-24.7%

ARVSMART

-25.8%

IN Real Estate

-8.7%

IN Market

Return vs Industry: ARVSMART exceeded the Indian Real Estate industry which returned -25.8% over the past year.

Return vs Market: ARVSMART underperformed the Indian Market which returned -9% over the past year.


Shareholder returns

ARVSMARTIndustryMarket
7 Day-1.2%-3.6%1.3%
30 Day10.3%3.0%6.6%
90 Day12.3%18.2%30.2%
1 Year-23.4%-24.7%-25.1%-25.8%-7.0%-8.7%
3 Year-43.7%-44.6%-22.7%-24.3%1.7%-3.0%
5 Yearn/a16.6%12.3%27.6%17.9%

Price Volatility Vs. Market

How volatile is Arvind SmartSpaces's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Arvind SmartSpaces undervalued compared to its fair value and its price relative to the market?

6.86x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate ARVSMART's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate ARVSMART's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: ARVSMART is good value based on its PE Ratio (6.9x) compared to the Real Estate industry average (11.4x).

PE vs Market: ARVSMART is good value based on its PE Ratio (6.9x) compared to the Indian market (12.4x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: ARVSMART is overvalued based on its PB Ratio (0.9x) compared to the IN Real Estate industry average (0.6x).


Next Steps

Future Growth

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

37.7%

Forecasted Real Estate industry annual growth in earnings


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: Insufficient data to determine if ARVSMART's forecast earnings growth is above the savings rate (7.2%).

Earnings vs Market: Insufficient data to determine if ARVSMART's earnings are forecast to grow faster than the Indian market

High Growth Earnings: Insufficient data to determine if earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: Insufficient data to determine if ARVSMART's revenue is forecast to grow faster than the Indian market.

High Growth Revenue: Insufficient data to determine if ARVSMART's revenue is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if ARVSMART's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has Arvind SmartSpaces performed over the past 5 years?

22.4%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: ARVSMART has high quality earnings.

Growing Profit Margin: ARVSMART's current net profit margins (13%) are higher than last year (11.7%).


Past Earnings Growth Analysis

Earnings Trend: ARVSMART's earnings have grown significantly by 22.4% per year over the past 5 years.

Accelerating Growth: ARVSMART's earnings growth over the past year (28.1%) exceeds its 5-year average (22.4% per year).

Earnings vs Industry: ARVSMART earnings growth over the past year (28.1%) exceeded the Real Estate industry -5.6%.


Return on Equity

High ROE: ARVSMART's Return on Equity (13.5%) is considered low.


Next Steps

Financial Health

How is Arvind SmartSpaces's financial position?


Financial Position Analysis

Short Term Liabilities: ARVSMART's short term assets (₹7.0B) exceed its short term liabilities (₹4.2B).

Long Term Liabilities: ARVSMART's short term assets (₹7.0B) exceed its long term liabilities (₹751.8M).


Debt to Equity History and Analysis

Debt Level: ARVSMART's debt to equity ratio (77.9%) is considered high.

Reducing Debt: ARVSMART's debt to equity ratio has increased from 29.1% to 77.9% over the past 5 years.

Debt Coverage: ARVSMART's operating cash flow is negative, therefore debt is not well covered.

Interest Coverage: ARVSMART's interest payments on its debt are well covered by EBIT (3.7x coverage).


Balance Sheet


Next Steps

Dividend

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


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.


Current Payout to Shareholders

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


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of ARVSMART's dividend in 3 years as they are not forecast to pay a notable one for the Indian market.


Next Steps

Management

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

5.8yrs

Average management tenure


CEO

Kamal Sham Singal (48yo)

5.17yrs

Tenure

₹32,257,338

Compensation

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 ($USD432.19K) is above average for companies of similar size in the Indian market ($USD49.47K).

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


Leadership Team

NamePositionTenureCompensationOwnership
Kamal Sham Singal
MD, CEO & Executive Director5.17yrs₹32.26m1.8% 48.7m
Mehul Shah
Chief Financial Officer5.33yrs₹3.93mno data
Prakash Makwana
Company Secretary & Compliance Officer5.33yrs₹2.86m0.00059% 16.0k
Sourav Hazra
Chief Operating Officer0.92yrno datano data
Rajeshbhai Barot
Chief Manager of Legal7yrsno datano data
Pankaj Bimal Jain
Head of CRM & Marketingno datano datano data
Saurabh Satyendra Agarwal
Head of Business Departmentno datano datano data
Chirag Shah
Head of Civil & Execution7.67yrsno datano data
Labhu Bansal
Business Head of Commercials & Control6.33yrsno datano data
Madhusudhan Hanmanth Karatgi
Business Head of Bangalore6.25yrsno datano data

5.8yrs

Average Tenure

48yo

Average Age

Experienced Management: ARVSMART's management team is seasoned and experienced (5.8 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Kamal Sham Singal
MD, CEO & Executive Director5.17yrs₹32.26m1.8% 48.7m
Pratul Shroff
Non-Executive Independent Director5.33yrs₹580.00k0.00033% 8.9k
Kulin Lalbhai
Non-Executive Director7.33yrsno datano data
Sanjay Lalbhai
Non-Executive Chairman5.33yrsno datano data
Prem Prakash Pushp Pangotra
Non-Executive Independent Director5.33yrs₹680.00kno data
Nirav Shah
Independent Director3.08yrs₹590.00k0.000040% 1.1k
Pallavi Vyas
Additional Non-Executive Independent Director0.92yrno datano data

5.3yrs

Average Tenure

57yo

Average Age

Experienced Board: ARVSMART's board of directors are considered experienced (5.3 years average tenure).


Ownership

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.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Arvind SmartSpaces Limited's company bio, 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
  • Market Cap: ₹2.704b
  • Shares outstanding: 35.55m
  • Website: https://arvindsmartspaces.com

Number of Employees


Location

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

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
539301BSE (Mumbai Stock Exchange)YesEquity SharesININRAug 2015
ARVSMARTNSEI (National Stock Exchange of India)YesEquity SharesININRAug 2015

Biography

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 Limited was incorporated in 2008 and is headquartered in Ahmedabad, India. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/07/04 13:03
End of Day Share Price2020/07/03 00:00
Earnings2020/03/31
Annual Earnings2020/03/31


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.