Arkade Developers Limited is a prominent real estate development company with a core focus on creating high-end, sophisticated lifestyle residential developments within Mumbai, Maharashtra. Originally established as 'Arkade Developers Private Limited' in Mumbai on May 13, 1986, it later transitioned into a Public Limited Company. The company's operations encompass the entire real estate lifecycle, from land acquisition to the construction and marketing of both commercial and residential projects across India.
Arkade Developers successfully entered the public market through an Initial Public Offering (IPO) which opened on September 16, 2024, closed on September 19, 2024, and was officially listed on the BSE and NSE on September 24, 2024. The IPO was priced at ₹128 per share, raising ₹410 crores by issuing 3.20 crore shares. The company demonstrated a strong debut on the stock exchanges, recording a significant listing gain of 36.72%, translating to a ₹5,170 per lot return on listing day.
Arkade Developers operates through two primary business segments:
1. Development of Residential Units on Own Land: This segment focuses on developing premium, lifestyle-oriented residential properties equipped with modern amenities on land acquired by the company.
2. Redevelopment Projects: This involves the redevelopment of existing buildings, transforming them into modern residential spaces.
Between 2017 and Q1 2024, the company successfully launched 1,220 residential units and sold 1,045 units across various markets in the Mumbai Metropolitan Region (MMR), Maharashtra. As of June 30, 2024, Arkade Developers has a cumulative development footprint of 2.20 million square feet of residential properties.
The company has strategically cultivated a strong presence in Mumbai's western suburbs, particularly within the Goregaon-Malad micro-market. This region represents the company's 5th acquisition in recent times, with 4 projects completed and 3 currently ongoing within this vibrant residential belt. From 2003 to March 2024, the company has successfully completed the redevelopment of 10 projects in Mumbai's western suburbs and one project in South-Central Mumbai.
- Market Capitalization: ₹3,747 Crores (as of July 2025)
- Company Classification: Small Cap company (Market Cap of ₹3,774 Crores as of July 8, 2025)
- P/B Ratio: 4.27 times (a 7% premium to its peers' median of 4.00 times)
- P/E Ratio: 24.05 times (a 49% discount to its peers' median of 47.33 times)
- Net Profit (FY ended March 2025): ₹156.93 crores, a 27.64% increase from ₹122.95 crores in the previous year.
- Sales (FY ended March 2025): ₹683.10 crores, a 7.62% increase from ₹634.74 crores in the previous year.
- Net Profit (FY24): ₹122.8 crores, representing a significant 141.9% increase compared to ₹50.8 crores in FY23.
- Revenue Growth (Past 4 Years): Achieved a Compound Annual Growth Rate (CAGR) of 77.8%.
- Net Profit Growth (Past 4 Years): Achieved a Compound Annual Growth Rate (CAGR) of 78.2%.
Arkade Developers showcased exceptional financial performance in Q1 FY25:
- Profit After Tax (PAT) YoY Surge: Increased by a remarkable 359.51% YoY to ₹30.22 crores.
- Consolidated Revenue: ₹125.38 crores, a substantial increase from ₹61.77 crores in Q1 FY24.
- Consolidated Profit Before Tax (PBT): ₹40.89 crores, up from ₹9.43 crores in Q1 FY24.
- Consolidated Profit After Tax (PAT): ₹30.22 crores, a significant jump from ₹6.58 crores in Q1 FY24.
The company maintains robust financial health with the following key ratios:
- Stock P/E: 23.9
- Book Value: ₹47.6
- Return on Capital Employed (ROCE): 30.6%
- Return on Equity (ROE): 26.0%
- Operating Profit Margins: 28.7% in FY24 (compared to 32.3% in FY23)
- Net Profit Margins: 19.3% in FY24 (declined from 23.1% in FY23)
- Debt to Equity Ratio: Improved to 0.1 in FY24 from 0.4 in FY23.
- July 2025: Arkade Developers announced the acquisition of 100% of Filmistan Private Limited for ₹182.95 crores. This strategic acquisition will facilitate a marquee mixed-use development with a projected Gross Development Value (GDV) of ₹2,000 crores. The project will feature a RERA saleable area of 9.26 lakh sq. ft., with its launch anticipated in early 2026. The development is ideally situated at Kasarvadavali, off Ghodbunder Road in Thane West, and will offer a blend of 2, 3, and 4 BHK residences alongside retail and commercial spaces.
- June 2025: The company secured redevelopment rights for a strategically located society in Bangur Nagar, Goregaon West. This project spans 1.1 acres and is expected to yield a RERA saleable area of approximately 86,000 sq. ft., with an estimated revenue potential of ₹350 crores. The development will incorporate both residential and commercial components, featuring thoughtfully designed 2 and 3 BHK homes.
Amit Jain, Chairman and Managing Director, commented, "With a strong presence in central locations such as Kanjurmarg, Mulund, and Bhandup, our entry into the Thane market marks a significant milestone in our growth journey." The demand for premium living spaces continues to drive operational excellence in Mumbai's luxury real estate market, as evidenced by record pre-sales and collections.
- Promoter, Chairman, and Managing Director: Mr. Amit Mangilal Jain
- Promoter Holding: Increased to 71.09% as of March 2025, up from 70.82% in September 2024.
- Auditor: Mittal & Associates
- Company Secretary and Compliance Officer: Sheetal Haresh Solani
Arkade Developers demonstrated remarkable resilience in FY25, achieving a 9% increase in revenue and a significant 70% surge in profit after tax in Q4. The demand for premium living spaces continues to fuel the luxury real estate market in Mumbai. Despite holding substantial inventory valued at ₹900 crores, management is optimistic about its monetization within six months, supported by a robust pipeline of upcoming projects. The company maintains an optimistic growth outlook, targeting a 20% CAGR in the coming years.
Strategically positioned in Mumbai, one of India's largest and most lucrative real estate markets, Arkade Developers is well-placed for continued success. The Mumbai Metropolitan Region (MMR) has consistently led India's top 7 cities in annual residential unit sales, holding a share between 29% and 33% from 2021 to Q1 2024.
Arkade Developers continues to solidify its standing as a premier luxury real estate developer in Mumbai. The company's unwavering focus on creating high-quality residential developments aligns perfectly with the sustained demand for sophisticated lifestyle properties in India's financial capital.
