BSE: 544261 | NSE: ARKADE | Construction - Real Estate |
Past 10 year’s financial track record analysis by Moneyworks4me indicates that Arkade Developers Ltd is a below average quality company.
The key valuation ratios of Arkade Developers Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Arkade Developers Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
| Mar'22 | Mar'23 | TTM | |
|---|---|---|---|
| ROCE % ⓘ | 31.2% | 26.4% | - |
| Value Creation Index ⓘ | 1.2 | 0.9 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | |||
| Sales ⓘ | 226 | 220 | 220 |
| Sales YoY Gr. | - | -2.7% | - |
| Adj EPS ⓘ | 2.7 | 3.4 | 3 |
| YoY Gr. | - | 27.1% | - |
| BVPS (₹) ⓘ | 9.6 | 13.2 | 0 |
| Adj Net Profit ⓘ | 40.5 | 51.5 | 55 |
| Cash Flow from Ops. ⓘ | -133 | -97.1 | - |
| Debt/CF from Ops. ⓘ | -0.5 | -1.5 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | NA | NA | NA | -2.7% | ||||
| Adj EPS ⓘ | NA | NA | NA | 27.1% | ||||
| BVPSⓘ | NA | NA | NA | 37.8% | ||||
| Share Price | - | - | - | - | ||||
Performance Ratio Colour Code Guide ⓘ
| Mar'22 | Mar'23 | TTM | |
|---|---|---|---|
| Return on Equity % ⓘ | 27.9 | 29.8 | 44.8 |
| Op. Profit Mgn % ⓘ | 23.3 | 27.4 | 29.2 |
| Net Profit Mgn % ⓘ | 17.9 | 23.4 | 24.9 |
| Debt to Equity ⓘ | 0.4 | 0.7 | 0.1 |
| Working Cap Days ⓘ | 0 | 693 | 122 |
| Cash Conv. Cycle ⓘ | 0 | 635 | 93 |
Return on Equity has increased versus last 3 years average to 44.80%
Sales growth is good in last 4 quarters at 24.64%
Sales growth has been subdued in last 3 years 0.00%
Net Profit has been subdued in last 3 years 0.00%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 3 | 6.6 |
| TTM Sales (₹ Cr.) | 220 | 635 |
| BVPS (₹.) ⓘ | 0 | 44.5 |
| Reserves (₹ Cr.) ⓘ | 641 | 641 |
| P/BV ⓘ | 0.00 | 2.91 |
| PE ⓘ | 43.83 | 19.57 |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 130.00 / 190.00 |
| All Time Low / High (₹) | 130.00 / 190.00 |
| Market Cap (₹ Cr.) | 2,404 |
| Equity (₹ Cr.) | 185.7 |
| Face Value (₹) | 10 |
| Industry PE ⓘ | 73.3 |
| Pledged * | 0.00 |
| PARTICULARS | Mar'22 | Mar'23 |
|---|---|---|
| Sales | 226 | 220 |
| Operating Expenses ⓘ | 174 | 160 |
| Manufacturing Costs | 0 | 0 |
| Material Costs | 160 | 133 |
| Employee Cost | 5 | 7 |
| Other Costs ⓘ | 9 | 20 |
| Operating Profit ⓘ | 53 | 60 |
| Operating Profit Margin (%) | 23.3% | 27.4% |
| Other Income ⓘ | 12 | 13 |
| Interest ⓘ | 2 | 1 |
| Depreciation ⓘ | 0 | 0 |
| Exceptional Items ⓘ | 0 | 0 |
| Profit Before Tax ⓘ | 62 | 72 |
| Tax ⓘ | 14 | 18 |
| Profit After Tax | 49 | 55 |
| PAT Margin (%) | 21.5% | 24.9% |
| Adjusted EPS (₹) | 3.2 | 3.6 |
| Dividend Payout Ratio (%) | 0% | 0% |
| PARTICULARS | Mar'22 | Mar'23 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | ||||||||||
| Shareholders Fund | 145 | 200 | ||||||||
| Share Capital ⓘ | 2 | 2 | ||||||||
| Reserves ⓘ | 143 | 198 | ||||||||
| Minority Interest | 0 | 0 | ||||||||
| Debt | 63 | 149 | ||||||||
| Long Term Debt | 1 | 79 | ||||||||
| Short Term Debt | 62 | 70 | ||||||||
| Trade Payables | 10 | 24 | ||||||||
| Others Liabilities ⓘ | 148 | 182 | ||||||||
| Total Liabilities ⓘ | 366 | 554 | ||||||||
Fixed Assets | ||||||||||
| Gross Block | 2 | 3 | ||||||||
| Accumulated Depreciation | 0 | 0 | ||||||||
| Net Fixed Assetsⓘ | 2 | 2 | ||||||||
| CWIP ⓘ | 0 | 0 | ||||||||
| Investmentsⓘ | 40 | 17 | ||||||||
| Inventories | 299 | 501 | ||||||||
| Trade Receivables | 5 | 4 | ||||||||
| Cash Equivalents | 6 | 17 | ||||||||
| Others Assetsⓘ | 14 | 14 | ||||||||
| Total Assets ⓘ | 366 | 554 | ||||||||
| PARTICULARS | Mar'22 | Mar'23 |
|---|---|---|
| Cash Flow From Operating Activity ⓘ | -133 | -97 |
| PBT ⓘ | 62 | 72 |
| Adjustment ⓘ | -1 | 0 |
| Changes in Working Capital ⓘ | -181 | -152 |
| Tax Paid ⓘ | -14 | -18 |
| Cash Flow From Investing Activity ⓘ | 82 | 26 |
| Capex | -2 | -1 |
| Net Investments | 76 | 26 |
| Others ⓘ | 8 | 1 |
| Cash Flow From Financing Activityⓘ | 48 | 85 |
| Net Proceeds from Shares ⓘ | 0 | 0 |
| Net Proceeds from Borrowing ⓘ | 1 | 78 |
| Interest Paid ⓘ | -2 | -1 |
| Dividend Paid ⓘ | 0 | 0 |
| Others ⓘ | 49 | 8 |
| Net Cash Flow ⓘ | -2 | 14 |
| PARTICULARS | Mar'22 | Mar'23 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 33.43 | 31.75 | ||||||||
| ROCE (%) | 31.18 | 26.39 | ||||||||
| Asset Turnover Ratio | 0.62 | 0.48 | ||||||||
| PAT to CFO Conversion(x) | -2.71 | -1.76 | Working Capital Days | |||||||
| Receivable Days | 8 | 7 | ||||||||
| Inventory Days | 482 | 663 | ||||||||
| Payable Days | 23 | 46 | ||||||||
Arkade Developers Limited was originally incorporated as ‘Arkade Developers Private Limited’, at Mumbai as a private limited company under the Companies Act, 1956 and received a certificate of incorporation issued by the RoC, on May 13, 1986. Thereafter, the company was converted into a public limited company, pursuant to a special resolution passed by its Shareholders on June 5, 2023, and the name of the company was changed to its present name pursuant to a fresh certificate of incorporation issued by the RoC on July 7, 2023.
Arkade Developers is a real estate development Company concentrating on the development of premium aspirational lifestyle residential premises in Mumbai, Maharashtra, India’s commercial capital. The company’s business can broadly be classified into two categories: (i) development / construction of residential premises on land acquired by the company (New Projects) and (ii) redevelopment of existing premises (Redevelopment Projects).
The company has developed a strong brand proposition and successful track record including by leveraging its lineage - Amit Mangilal Jain, its Promoter, is a second-generation real estate entrepreneur whose family has been involved in real estate development since 1986. It owes its strong brand recognition in MMR, Maharashtra and its track-record to its customer-centric approach, and its business model which lays emphasis on developing high-end and premium budget aesthetically designed, sustainable residential premises with life-style amenities and facilities in the high-density areas in MMR, Maharashtra. It also has a consistent track-record of meeting its project delivery timelines which is a critical aspect of its brand.
Business area of the company
The company is primarily engaged in real estate development. The operations of the company span all aspects of real estate development, from the identification and acquisition of land, to planning, execution, construction and marketing of Commercial and residential projects.
Awards and accreditations
History and milestones
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MoneyWorks4Me rates and ranks mutual funds based on the following data-driven system:
Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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