Arvind SmartSpaces Ltd. share price target

Q4FY26 performance: Arvind Smartspace reported strong pre-sales of 612 crore, up 61% YoY (+85% QoQ) for Q4FY26, led by strong response to project launches (Skycrest, Bannerghatta 262 crore and Greenfields, Vadodara 178 crore) forming 72% of Q4FY26 presales and rest 28% from sustenance sales in Ahmedabad (76%) and Bangalore (24%). Collections were up 65% YoY (up 12% QoQ) at 355 crore. Operating cash flows were up 61% and 24% YoY at 96 crore for Q4FY26. Net debt increased by 88 crore QoQ to 167 crore. Its cumulative new business development for FY26 stood at 3140 crore. On earnings front,...

With a 29% upside from the CMP, we maintain our long-term BUY rating on the stock.

Q3FY26 performance: Arvind Smartspace reported healthy pre-sales of 331 crore, up 48% YoY (down 23% QoQ as Q2FY26 pre-sales included Everland project launch) for Q3FY26, led by strong sustenance sales. Collections were up 38% YoY (up 34% QoQ) at 317 crore. Operating cash flows were up 128% YoY at 169 crore. Net debt increased by 111 crore QoQ to 79 crore, led by 265 crore land payments and approvals. Its cumulative new business development for FY26 till date stands at 2510 crore. On earnings front, consolidated revenues were down 21% YoY (up 18% QoQ) at 166 crore, EBITDA margins were lower 328 bps YoY (up 399 bps...

We value the company at 5.5x FY28E Pre-sales/EBITDA, and maintain our BUY recommendation on the stock with a TP of Rs 740/share, implying an upside of 21% from the CMP.

With a 21% upside from the CMP, we maintain our long-term BUY rating on the stock.

With a 38% upside from the CMP, we maintain our long-term BUY rating on the stock.

We recommend a BUY rating on the stock with a target price of Rs 825/share, implying an upside of 10% from the CMP

With a 34% upside from the CMP, we maintain our long-term BUY rating on the stock.

With a 40% upside from the CMP, we maintain our long-term BUY rating on the stock.

We are excited to announce our latest research coverage on Arvind Smartspaces Ltd. (ARVSMART), with a BUY recommendation and a target price of Rs 1,085/share, indicating a substantial upside potential of 43% from the CMP.