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The BSE, founded in 1875, is Asia's oldest stock exchange — it started under a banyan tree on Dalal Street, where the bronze bull stands today.
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The BSE, founded in 1875, is Asia's oldest stock exchange — it started under a banyan tree on Dalal Street, where the bronze bull stands today.
The BSE, founded in 1875, is Asia's oldest stock exchange — it started under a banyan tree on Dalal Street, where the bronze bull stands today.
Arvind SmartSpaces Limited is an India-based company, which is engaged in the development of real estate comprising residential, commercial, and industrial projects. The Company is primarily engaged in the residential segment of the Ahmedabad, Pune, and Bengaluru regions. Its…
Weekly engine runs — movement reflects the numbers, not analyst opinion.
A decent, fast-growing business, reasonably priced — but flagged on governance.
Arvind Smartspaces is scored on the general / industrial framework. It keeps a healthy 17.7% of every rupee of sales as net profit. Cash conversion lags the reported profit (CFO/PAT -1.65×) — worth a closer look. Free cash flow is worth about -6.4% of its market value.
Over the last 3 years revenue compounded at 31%/yr and profit at 55%/yr. Book value itself has compounded 22%/yr — the hallmark of a genuine compounder. Return on equity is an elite 24.6%. In the latest quarter profit grew 120% versus the prior quarter.
At 29× earnings, the stock sits at the 36th percentile of its own 3.6-year range — the middle of where it has historically traded. Today's price implies ~4%/yr earnings growth for a decade. The forensic screen raises a red flag: Only ₹-1.08 of cash per ₹1 profit over 4 years — earnings not converting to cash.
A plain-English restatement of the figures on this page — rules-based, for education and research context, not investment advice or a recommendation.
| Ratio | Company | Sector | Read |
|---|---|---|---|
| P/E | 14.36 | 38.94 | better |
| P/B | 3.63 | 5.98 | better |
| EV/EBITDA | 9.62 | — | — |
| ROE | 24.55 | 6.34 | better |
| ROCE | 18.62 | 4.03 | better |
| ROA | 4.56 | 1.26 | better |
| Quick Ratio | 0.19 | — | — |
| Peer | P/E | P/B | ROE |
|---|---|---|---|
| DLF | 40.7 | 4.1 | 10.0% |
| Macrotech Developers | 27.3 | 4.8 | 17.2% |
| The Phoenix Mills | 45.8 | 8.4 | 14.3% |
Revenue is on a 2-year growth streak. 30% CAGR over 3 years — high-growth territory. Growth is decelerating — latest year grew slower than the year before.
Profit is on a 2-year growth streak. Profit is growing faster than revenue (55% vs 30%) — margin expansion is at work.
Operating margin has expanded from 15% to 23% — the business is keeping more of each rupee earned.
ROE at 12% — modest; the capital isn't working hard. Capital efficiency improving — ROE up 6pp across the window.
EPS dropped in the latest year despite possible profit changes — dilution or a profit dip could be at play. 53% EPS CAGR — this is the rate at which each share's claim on earnings is compounding.
3 of 4 years had negative operating cash flow — profitability on paper may not translate to cash. Investing outflows exceed operating cash — the company relies on external funding to finance expansion.
When operating cash keeps pace with reported profit, earnings are cash-backed; a persistent shortfall is a quality flag.
Revenue rose 97% sequentially — momentum is building. Wide quarterly swings (55% spread) — likely seasonality, lumpy orders, or project-based revenue. Run-rate stepping up — recent quarters average 54% above earlier ones.
Profit jumped 120% QoQ — check if this is operating leverage or a one-off item. Quarterly net margins are expanding (13% → 30%) — profitability per rupee of revenue is improving.
How today's P/E compares to the stock's own historical range. Dashed line = the 3.6y median.
Promoter holding at 53.8% — majority control intact. Promoters added 4.0pp over 4 quarters — creeping acquisition signals conviction. MF holding up 2.1pp — domestic institutional discovery underway.
Produced by a rules-based engine over licensed exchange fundamentals — every sentence above is derived from the numbers shown, no analyst or AI opinion involved. Education and research context, not investment advice. We are not SEBI-registered as an Investment Adviser or Research Analyst.