Arvind SmartSpaces Ltd (ARVSMART) — shareholding pattern, promoter holding, financials and share price
About Arvind SmartSpaces Ltd (ARVSMART)
Arvind SmartSpaces Ltd operates in the Residential, Commercial Projects industry, within the Realty sector. It trades on the NSE as ARVSMART and on the BSE under scrip code 539301. Its ISIN is INE034S01021.
Arvind Smarspaces Ltd was incorporated as "Arvind Infrastructure Limited" in 2008 in Ahmedabad as a wholly-owned subsidiary of Arvind Limited. The company was incorporated with the objective of doing a real estate/infrastructure development business. Arvind Smartspaces is the real estate arm of the Lalbhai Group, a $2 billion dollar conglomerate. ASL is currently executing 9 projects through its own land, JVs and Joint Development model. ASL has also successfully executed 9 projects to date. [1]
Arvind SmartSpaces is a listed Indian residential real estate developer (part of the Lalbhai/Arvind Group) focused on land‑sourcing, joint development and outright projects across Gujarat, Karnataka and MMR, with product mix heavily skewed to residential horizontal and vertical developments and strategic platform funding arrangements with institutional partners.
The company reported its highest ever 9M bookings of ₹938 crore and strongest quarterly collections and operating cashflow (Q3 collections ₹317 crore, OCF ₹169 crore), demonstrating improved sales cadence and cash conversion even though accounted revenues lag due to project completion timing and revenue recognition rules.
Listed peers in Residential, Commercial Projects: Kolte Patil Developers Ltd, Elpro International Ltd, Hubtown Ltd, Marathon Nextgen Realty Ltd, Ajmera Realty & Infra India Ltd, Arkade Developers Ltd.
Valuation & Returns
10 Jul 2026At ₹613 a share on 10 Jul 2026, Arvind SmartSpaces Ltd (ARVSMART) was valued at a price-to-earnings ratio of 27.19x against an industry P/E of 33.91x and a price-to-book of 4.7x on a book value of ₹130.38 per share as of Mar 2025. Solomo computes return on equity of 17.29% and return on capital employed of 18.79% from filed results. Earnings ratios use consolidated results for the twelve months Jun 2025 to Mar 2026.
- P/E
- 27.19x
- Industry P/E
- 33.91x
- P/B
- 4.7x
- EPS (TTM)
- ₹22.55
- Book value / share
- ₹130.38
- ROE
- 17.29%
- ROCE
- 18.79%
- ROA
- 3.87%
- Debt / equity
- 0.48x
- Dividend yield
- 0.98%
- EBITDA margin
- 30.56%
- 52-week range
- ₹486.8 – ₹681.75
Ratios are computed from filed results and the last recorded price. Not investment advice.
Financial Performance
Mar 2026In the year ended Mar 2026, Arvind SmartSpaces Ltd (ARVSMART) reported revenue of ₹564 crore, net profit of ₹103 crore and earnings per share of ₹21.03. That compares with revenue of ₹713 crore and net profit of ₹119 crore in Mar 2025. Figures are consolidated, as filed with the exchanges.
In the quarter ended Mar 2026, revenue was ₹155 crore and net profit ₹44 crore (consolidated).
| Metric | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Revenue (₹ cr) | 257 | 256 | 341 | 713 | 564 |
| Net profit (₹ cr) | 25 | 28 | 51 | 119 | 103 |
| EPS (₹) | 5.9 | 5.65 | 9.17 | 24.25 | 21.03 |
| Measure | 10Y | 5Y | 3Y | 1Y |
|---|---|---|---|---|
| Sales growth | 1.33% | -3.78% | 1.28% | 109.07% |
| Profit growth | -2.72% | -6.96% | -29.80% | 133.26% |
| Stock price CAGR | 21% | 36% | 20% | -11% |
Ownership Summary
Jun 2026As of Jun 2026, promoters hold 53.83% of Arvind SmartSpaces Ltd (ARVSMART) (unchanged from the previous quarter), foreign institutional investors (FII) hold 0.69% and domestic institutional investors (DII) hold 8.98%. Market capitalisation was ₹2,812 crore on 10 Jul 2026. Shareholding is filed quarterly with BSE and NSE; Solomo carries every filing back to Sep 2015.
Largest disclosed public shareholders in Jun 2026: Bandhan Small Cap Fund 6.31%, Ketan Ratilal Patel 5.7%, Kausalya Realserve LLP 3.12%, Pirojsha Adi Godrej 1.9%, Aml Employee Welfare Trust 1.38%, Shah Aadarsh Utkarsh 1.05%. Only stakes above the 1% disclosure threshold are named in filings.
| Quarter | Promoter | Pledged | FII | DII | Public |
|---|---|---|---|---|---|
| Jun 2026 | 53.83% | - | 0.69% | 8.98% | 46.17% |
| Mar 2026 | 53.83% | - | 0.67% | 8.61% | 46.17% |
| Dec 2025 | 49.82% | - | 0.83% | 15.82% | 50.18% |
| Sep 2025 | 49.82% | - | 1% | 14.71% | 50.18% |
| Jun 2025 | 49.96% | - | 1.6% | 13.89% | 50.04% |
| Mar 2025 | 50.27% | - | 2.01% | 12.65% | 49.73% |
| Dec 2024 | 50.28% | - | 2.65% | 12.86% | 49.72% |
| Sep 2024 | 50.28% | - | 2.51% | 12.77% | 49.72% |