External broker reports(aggregated public sources), Axis Direct

Axis Direct

External broker reports(aggregated public sources)

Axis Direct is the flagship brand under Axis Securities Limited, a subsidiary of Axis Bank in India. 

Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only. Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

Equity Bottom-Up

<ul><li>Business Development: The company has clocked pre-sales of Rs 1,271 Cr, missing its guidance of 30% growth.</li><li>This shortfall was primarily due to the company's inability to launch all the projects planned for the year, including the Bannerghatta and Surat projects. However, it continues to believe that these launch spill-overs will occur in FY26.</li><li>For FY26, Arvind has guided for ~Rs 4,000 Cr of launches, comprising Rs 2,000 Cr from Bangalore, Rs 1,000 Cr from Gujarat, and the rest ~Rs 1,000 Cr from the MMR regions.</li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Business Development: The company has clocked pre-sales of Rs 1,271 Cr, missing its guidance of 30% growth.This shortfall was primarily due to the company's inability to launch all the projects planned for the year, including the Bannerghatta and Surat projects. However, it continues to believe that these launch spill-overs will occur in FY26.For FY26, Arvind has guided for ~Rs 4,000 Cr of launches, comprising Rs 2,000 Cr from Bangalore, Rs 1,000 Cr from Gujarat, and the rest ~Rs 1,000 Cr from the MMR regions.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Arvind SmartSpaces Ltd - Miss on Bookings, Launches to Drive Growth; Maintain BUY

India Equity Analyst - Fundamental & Thematic, Beat the Street

Sudarshan Bhandari

India Equity Analyst - Fundamental & Thematic

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Read Business Not Stock Prices

<ul>
<li>
<a href="https://www.smartkarma.com/entities/arvind-smartspaces-limited" target="_blank" data-smartkarma-citation="entities:43948:1" rel="noopener">Arvind SmartSpaces (ARVSMART IN)</a> posted 149% YoY revenue growth in Q3 FY25 and secured new projects worth RS. 3,850 crore, despite a 20% YoY decline in bookings due to approval delays.</li>
<li>Improved profitability and strategic project wins underscore its resilience in a dynamic real estate market, driving long-term value despite operational hurdles.</li>
<li>Company is planning to deploy Rs.500 to Rs. 600 crore in both vertical and horizontal projects over the next six months.</li>
</ul>



Arvind SmartSpaces (ARVSMART IN) posted 149% YoY revenue growth in Q3 FY25 and secured new projects worth RS. 3,850 crore, despite a 20% YoY decline in bookings due to approval delays.
Improved profitability and strategic project wins underscore its resilience in a dynamic real estate market, driving long-term value despite operational hurdles.
Company is planning to deploy Rs.500 to Rs. 600 crore in both vertical and horizontal projects over the next six months.


Arvind SmartSpaces Limited Q3 Update: Leveraging Market Trends for Future Revenue Potential

<ul>
<li>With an asset-light model and a solid alliance with HDFC, <a href="https://www.smartkarma.com/entities/arvind-smartspaces-limited" target="_blank" data-smartkarma-citation="entities:43948:1" rel="noopener">Arvind SmartSpaces (ARVSMART IN)</a> greatly increases its project pipeline to 75.47Mn square feet, propelling a 30–35% increase in business development.</li>
<li>Together with its strong market positions in Bangalore and Ahmedabad, the company's strategic asset-light approach guarantees effective capital use, rapid project turnover, and improved cash flow visibility.</li>
<li>Arvind Smartspaces is well-positioned for long-term, high-margin growth supported by strong cash flows, minimal leverage, and distinct geographic and product diversification.</li>
</ul>


With an asset-light model and a solid alliance with HDFC, Arvind SmartSpaces (ARVSMART IN) greatly increases its project pipeline to 75.47Mn square feet, propelling a 30–35% increase in business development.
Together with its strong market positions in Bangalore and Ahmedabad, the company's strategic asset-light approach guarantees effective capital use, rapid project turnover, and improved cash flow visibility.
Arvind Smartspaces is well-positioned for long-term, high-margin growth supported by strong cash flows, minimal leverage, and distinct geographic and product diversification.


The Beat Ideas: Arvind Smartspaces- Growing Real Estate Co with Asset Light Model

<ul><li>New Launches and Business Development: The management has guided a pre-sales CAGR of 30%-35%, maintaining confidence in achieving this target.</li><li>In Q2FY25, the company launched ‘Arvind Aqua City,’ with total bookings at Rs 500 Cr for the quarter, bringing cumulative bookings to approximately Rs 600 Cr, including Rs 93 Cr from Q1FY25.</li><li>Projects valued at Rs 4,000-5,000 Cr are expected to be added during the fiscal year, with the majority of launches concentrated in H2FY25 following Aqua City (~Rs 1,000 Cr). </li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

New Launches and Business Development: The management has guided a pre-sales CAGR of 30%-35%, maintaining confidence in achieving this target.In Q2FY25, the company launched ‘Arvind Aqua City,’ with total bookings at Rs 500 Cr for the quarter, bringing cumulative bookings to approximately Rs 600 Cr, including Rs 93 Cr from Q1FY25.Projects valued at Rs 4,000-5,000 Cr are expected to be added during the fiscal year, with the majority of launches concentrated in H2FY25 following Aqua City (~Rs 1,000 Cr). Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Arvind Smartspaces Ltd - Management Guidance Maintained; Maintain BUY

<ul><li>We are initiating coverage on Arvind Smartspaces Ltd. (ARVSMART) with a BUY recommendation and a target price of Rs 1,085/share, which implies an upside of 43% from the CMP.</li><li>Arvind Smartspaces began operations in 1897 when Lalbhai Dalpatbhai established the company's first textile mill.</li><li>Over the years, the business portfolio expanded to include textiles, dyes, chemicals, real estate, and engineering ventures, which were later demerged in 2016. </li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

We are initiating coverage on Arvind Smartspaces Ltd. (ARVSMART) with a BUY recommendation and a target price of Rs 1,085/share, which implies an upside of 43% from the CMP.Arvind Smartspaces began operations in 1897 when Lalbhai Dalpatbhai established the company's first textile mill.Over the years, the business portfolio expanded to include textiles, dyes, chemicals, real estate, and engineering ventures, which were later demerged in 2016. Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Arvind Smartspaces (ARVSMART) - BUILDING A ‘SMART SPACE’

India

Arvind SmartSpaces Ltd. is the real estate development arm of the Lalbhai Group, specializing in residential, commercial, industrial, and hospitality developments. The company focuses on design-led horizontal (plotted developments and villas) and vertical (apartments) projects across key markets. It was incorporated in 2008 and is headquartered in Ahmedabad, Gujarat, India.

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Arvind SmartSpaces (ARVSMART IN)

Arvind SmartSpaces Ltd - Miss on Bookings, Launches to Drive Growth; Maintain BUY

This shortfall was primarily due to the company's inability to launch all the projects planned for the year, including the Bannerghatta and Surat...

Axis Direct

Arvind SmartSpaces Limited Q3 Update: Leveraging Market Trends for Future Revenue Potential

Arvind SmartSpaces shows strong revenue growth and project wins in Q3 FY25, despite booking decline, highlighting resilience and long-term value...

Sudarshan Bhandari

The Beat Ideas: Arvind Smartspaces- Growing Real Estate Co with Asset Light Model

Arvind SmartSpaces boosts project pipeline to 75.47Mn sq ft with asset-light model and HDFC alliance, driving 30-35% business growth.

Sudarshan Bhandari

Arvind Smartspaces Ltd - Management Guidance Maintained; Maintain BUY

New Launches and Business Development: The management has guided a pre-sales CAGR of 30%-35%, maintaining confidence in achieving this target.

Axis Direct

Arvind Smartspaces (ARVSMART) - BUILDING A ‘SMART SPACE’

We are initiating coverage on Arvind Smartspaces Ltd. (ARVSMART) with a BUY recommendation and a target price of Rs 1,085/share, which implies an...

Axis Direct

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52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

Arvind SmartSpaces Ltd - Miss on Bookings, Launches to Drive Growth; Maintain BUY

This shortfall was primarily due to the company's inability to launch all the projects planned for the year, including the Bannerghatta and Surat...

Axis Direct

Arvind SmartSpaces Limited Q3 Update: Leveraging Market Trends for Future Revenue Potential

​Arvind SmartSpaces shows strong revenue growth and project wins in Q3 FY25, despite booking decline, highlighting resilience and long-term value...

Sudarshan Bhandari

The Beat Ideas: Arvind Smartspaces- Growing Real Estate Co with Asset Light Model

​Arvind SmartSpaces boosts project pipeline to 75.47Mn sq ft with asset-light model and HDFC alliance, driving 30-35% business growth.

Sudarshan Bhandari

Arvind Smartspaces Ltd - Management Guidance Maintained; Maintain BUY

New Launches and Business Development: The management has guided a pre-sales CAGR of 30%-35%, maintaining confidence in achieving this target.

Axis Direct

Arvind Smartspaces (ARVSMART) - BUILDING A ‘SMART SPACE’

We are initiating coverage on Arvind Smartspaces Ltd. (ARVSMART) with a BUY recommendation and a target price of Rs 1,085/share, which implies an...

Axis Direct

Arvind SmartSpaces shows strong revenue growth and project wins in Q3 FY25, despite booking decline, highlighting resilience and long-term value...

Arvind SmartSpaces boosts project pipeline to 75.47Mn sq ft with asset-light model and HDFC alliance, driving 30-35% business growth.