Arvind SmartSpaces Limited was formerly incorporated as Arvind Infrastructure Limited on December 26, 2008, in Ahmedabad, as a wholly-owned subsidiary of Arvind Limited. The name of the Company was changed to Arvind SmartSpaces Limited from Arvind Infrastructure Limited with effect from 16th November 2016. Arvind Smartspaces is the real estate arm of the Lalbhai Group, a $2 billion dollar conglomerate. Arvind SmartSpaces Limited is a leading real estate developer in Ahmedabad, Bengaluru & Pune.
The company has established itself as a prominent player in India's real estate sector, focusing on delivering premium residential, commercial, and industrial projects. With approximately 78 million square feet of real estate development across the country, the company is focused on delivering real estate solutions that add value to the lives of its customers and is fast emerging as a leading corporate real estate player in the country.
ASSL is primarily focused on the development of residential projects. It also undertakes commercial and industrial projects on a selective basis. The company's diverse portfolio encompasses both horizontal developments, including plotting and villas, as well as vertical developments featuring luxury and mid-income group residential housing.
The company's portfolio includes:
- Delivered: 4.9 million square feet (msf)
- Ongoing projects: 26.9 msf
- Planned projects: 43.5 msf
The company operates through multiple business models including own land development, joint ventures, and joint development partnerships to optimize capital efficiency and maximize returns.
The company has real estate developments across Ahmedabad, Gandhinagar, Bengaluru, and Pune. The company has been strategically expanding its footprint across India's key metropolitan areas. The optimism in the real estate market remains strong, and the company is well on track to conclude its ongoing business plan of adding new projects across Ahmedabad, Bengaluru, and MMR.
Recent strategic developments include the company's entry into the Mumbai Metropolitan Region (MMR) through significant project acquisitions. Realty firm Arvind SmartSpaces Ltd has entered into a joint development agreement to build a 92-acre township with an estimated revenue potential of ₹1,500 crore. In a regulatory filing, the company said it has signed an agreement for a large horizontal, multi-use project in Mumbai Metropolitan Region (MMR), "with a total estimated area of 92-acre and a top-line potential of ₹1,500 crore."
The company has also expanded into the Surat market, further diversifying its geographic presence. Realty developer Arvind SmartSpaces has recently entered into two significant agreements for the development of projects spanning a total of 340 acres in Surat and Ahmedabad, with a combined topline potential exceeding ₹1,350 crore. In Surat, the company has committed to a large horizontal multi-use golf-themed development, encompassing plotted and villa projects across an estimated area of over 300 acres.
The company's financial performance has shown significant growth.
For the full year FY2024-25:
- Net profit rose 165.79% to ₹110.49 crore as against ₹41.57 crore during the previous year (FY2023-24).
- Sales rose 109.07% to ₹713.30 crore as against ₹341.18 crore during the previous year (FY2023-24).
The company demonstrated strong quarterly performance in Q4 FY2024-25:
- Net profit of Arvind SmartSpaces rose 23.63% to ₹19.15 crore as against ₹15.49 crore during the previous quarter (Q4 FY2023-24).
- Sales rose 38.95% to ₹163.09 crore as against ₹117.37 crore during the previous quarter (Q4 FY2023-24).
Arvind SmartSpaces Ltd has a market capitalisation of ₹3,199 crore (as of Apr 29, 2025). The PE and PB ratio of Arvind SmartSpaces stands at 29.10 and 5.90 respectively as on 29 Apr 2025 at 15:29.
- FY2024-25 Net Sales: ₹713.30 crore (109% YoY growth)
- FY2024-25 Net Profit: ₹110.49 crore (166% YoY growth)
- Q4 FY2024-25 Net Sales: ₹163.09 crore (39% YoY growth)
- Q4 FY2024-25 Net Profit: ₹19.15 crore (24% YoY growth)
- Market Capitalization: ₹3,199 crore (as of Apr 29, 2025)
- Promoter Holding: 50.27% (as of Mar 2025)
- _Note: Promoter holding in Arvind SmartSpaces Ltd has gone down to 50.27% as of Mar 2025 from 50.38% as of Jun 2024._
The company has been actively pursuing strategic project acquisitions and business expansion initiatives. With recent acquisitions, the year-to-date (YTD) project addition value now stands at ₹4,450 crore, marking it as the biggest ever business development year for the company.
Notable recent developments include successful project launches in Bengaluru, where Arvind SmartSpaces sold 220 residential plots for over ₹160 crore. The company's strategic focus on premium markets continues to drive strong sales performance across its portfolio.
The Arvind SmartSpaces Ltd's 52-week high share price is ₹1,024.35 and 52-week low share price is ₹581.00. The company's strong fundamentals, geographic diversification strategy, and robust project pipeline position it well for continued growth in India's expanding real estate market.
According to 3 analysts, Arvind Smartspaces has a target price of ₹955, representing a potential upside of 40.67% compared to the current price of ₹697.55.
The company's focus on premium residential developments, strategic market expansion, and strong execution capabilities continue to drive investor confidence as it capitalizes on India's growing real estate demand across key metropolitan markets.
