Arvind Smartspaces
Stock Snapshot
Price Performance
Vista Outlook
View Technicals Analysis →Basis of our Recommendation
Arvind SmartSpaces has demonstrated a robust performance in FY26, achieving record bookings and strategic project expansions that position the company favorably for future growth. Management's optimism is underpinned by structural tailwinds in India's residential real estate sector, including economic growth and urbanization, which are expected to drive a 35-40% increase in booking value for FY27. This growth trajectory aligns with Vista's forecast of improving revenue and margins, supported by a strong balance sheet and disciplined capital allocation. The anticipated operating cash flows of over INR4,970 crores over the next few years further bolster the outlook. However, potential project execution complexities and rising commodity prices remain watchpoints. The favorable macro environment, characterized by stable inflation and strong liquidity, enhances the overall investment landscape. Over the next 12-24 months, key opportunities include the successful launch of new projects and continued demand in targeted micro-markets, while headwinds may arise from execution risks and market volatility. Overall, Arvind SmartSpaces is well-positioned to capitalize on the growth potential within the real estate sector, with a fair valuation reflecting its intrinsic value and expected upside
Why We Like This Stock
- Record bookings of INR1,550 crores in FY26, indicating robust demand and market acceptance
- Management's guidance for a 35-40% growth in booking value for FY27, surpassing long-term targets
- Strong balance sheet with manageable leverage and projected operating cash flows of over INR4,970 crores
Things To Watch Out For
- Potential project execution complexities, particularly following the Surat project withdrawal
- Rising commodity prices could impact margins if not effectively managed
- Market stabilization in Bengaluru may limit growth compared to more dynamic regions
Key Parameters
Financial Snapshot
| Actuals | Forecast | ||||
|---|---|---|---|---|---|
| FY24 | FY25 | FY26 | FY27 | FY28 | |
| Revenue (Cr.) | 341 | 713 | 564 | 1,034 | 1,273 |
| Profit Before Tax (Cr.) | 69 | 153 | 135 | 412 | 438 |
| PBT Margin | 20.3% | 21.5% | 2393.6% | 39.8% | 34.4% |
| Net Profit (Cr.) | 49 | 115 | 97 | 300 | 295 |
| Earnings Per Share | 8.6 | 23.1 | 19.7 | 60.6 | 64.4 |
Analyst Recommendations
| Broker | Recommendation | Target Price | Date |
|---|---|---|---|
| ICICI Securities | ▲ Buy | 820 | 25-May-2026 |
Company Overview
Show Company Profile
Arvind SmartSpaces Limited, together with its subsidiaries, engages in the development of real estate projects in India. The company develops residential, commercial, industrial, and hospitality projects, including villa townships, apartment complexes, plotted developments, commercial hubs, 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.