Arvind Smartspaces Ltd
NSE:ARVSMART
Arvind Smartspaces Ltd
Arvind SmartSpaces Ltd. engages in the provision of real estate development services. The company is headquartered in Ahmedabad, Gujarat and currently employs 245 full-time employees. The company went IPO on 2015-08-26. The firm's operating business segment develops commercial and residential units. The firm is primarily in the residential segment of the Ahmedabad and Bengaluru region. The firm's projects in Ahmedabad include Alcove, Parishkaar & Tradesquare, Megatrade, Uplands, Beyond Five, Citadel, and Megaestate. The firm's projects in Bengaluru include Expansia and Sporcia. The firm's subsidiaries include Arvind Hebbal Homes Private Limited, Arvind Alcove LLP, Changodar Industrial Infrastructure (One) LLP, Arvind Altura LLP, Arvind Beyond Five Club LLP, Arvind Infracon LLP, and Ahmedabad Industrial Infrastructure (One) LLP.
Arvind SmartSpaces Ltd. engages in the provision of real estate development services. The company is headquartered in Ahmedabad, Gujarat and currently employs 245 full-time employees. The company went IPO on 2015-08-26. The firm's operating business segment develops commercial and residential units. The firm is primarily in the residential segment of the Ahmedabad and Bengaluru region. The firm's projects in Ahmedabad include Alcove, Parishkaar & Tradesquare, Megatrade, Uplands, Beyond Five, Citadel, and Megaestate. The firm's projects in Bengaluru include Expansia and Sporcia. The firm's subsidiaries include Arvind Hebbal Homes Private Limited, Arvind Alcove LLP, Changodar Industrial Infrastructure (One) LLP, Arvind Altura LLP, Arvind Beyond Five Club LLP, Arvind Infracon LLP, and Ahmedabad Industrial Infrastructure (One) LLP.
Presales Momentum: Despite a softer first half, management reaffirmed confidence in achieving full-year presales growth guidance of 30–35%, expecting a strong ramp-up in the second half with several launches planned.
Project Launch Pipeline: Four to five new projects are targeted for launch in H2 FY '26, with a combined launch value of around INR 2,500–3,000 crores, including significant projects in Vadodara, Bangalore, and Mumbai.
Recent Launch Success: The Arvind Everland project saw strong demand, with 954 units and around INR 400 crores booked (82% of launch inventory) within a few days at quarter-end.
Collections & Cash Flow: H1 collections and revenue were lower year-on-year, but operating cash flow rebounded sharply in Q2, and management expects the full-year trajectory to align with sales growth.
Balance Sheet Strength: The company remains debt-free, with negative net debt of INR 32 crores and significant funding capacity for new business development.
Strategic Expansion: Geographic footprint is expanding, notably with entry into Vadodara and continued focus on key micro-markets in Gujarat, Bangalore, and Mumbai.
Operational Transformation: Leadership has been strengthened with new CXO hires and a shift to a city-led organizational model aimed at boosting agility, controls, and execution capability.
Sustenance Sales Focus: Sustenance sales were lower due to resource focus on the Everland launch, but management expects improvement in upcoming quarters as teams and processes are scaled up.
