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Arkade Developers Ltd (ARKADE)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 544261 NSE: ARKADE Construction - Real Estate | Small Cap | Arkade Developers Share Price

₹113.75 -0.35 (-0.31%)

As on 19-Jun'26 16:59

Arkade Developers Ltd (ARKADE)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 544261 NSE: ARKADE Construction - Real Estate | Small Cap | Arkade Developers Share Price

₹113.75 -0.35 (-0.31%)

As on 19-Jun'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹2,112 Cr.
Current Price
₹113.8
52-Week Low / High
₹94 / 213
TTM EPS
₹0.3
TTM Sales
₹816 Cr.
Book Value per Share
₹47.5
P/E Ratio
395.57
Higher than its 5-year historical median
Industry PE
45.1
Price to Book (P/B)
2.39
Lower than its 5-year historical median
Price to Sales (P/S)
2.59
Lower than its 5-year historical median
EV/EBITDA
10.87
Lower than its 5-year historical median
Dividend Yield
0%
Profitability Efficiency
Return on Equity (ROE)
26.00%
Outperforms industry median
Return on Capital Employed (ROCE)
30.68%
Outperforms industry median
Return on Assets (ROA)
17.21%
Operating Profit Margin
30.2%
Net Profit Margin
22.97%
Gross Profit Margin
31.7%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Slowing versus 3-year growth rate
7.62%
Operating Profit Growth (1 Year)
Slowing versus 3-year growth rate
23.02%
Net Profit Growth (1 Year)
Slowing versus 3-year growth rate
27.64%
Asset Quality
Promoter Holding
71.19%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹696 Cr.
Equity
₹185.7 Cr.
Face Value
₹10
All Time Low / High
₹93.95 / 213.30

Arkade Developers stock performance

Key Ratios
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Check Before You Invest

Valuation

Somewhat Undervalued

Price Trend

Semi Strong
Q.1 Is Arkade Developers Ltd a good quality company?
Arkade Developers Ltd is a weak quality company, based on a inconsistent multi-year financial track record.

This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.

We have analysed the performance of the company on the following:

  • How has it performed on generating Profits?

    By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.

  • How efficiently has it utilized Capital?

    By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.

  • How is it managing its Debt?

    By checking its Debt to Equity and Cash Flow from Operations.

How does Arkade Developers Ltd performance compare with that of its Peers?
Q.1 Revenue growth of Arkade Developers Ltd vs industry peers?
Arkade Developers Ltd revenue CAGR is 44.51%, compared to the industry median CAGR of 0.00%, indicating faster growth and gaining its market share.
Q.1 Promoter shareholding and pledge status of Arkade Developers Ltd?
Promoters hold 71.19% of the Arkade Developers Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Q.1 Stock return of Arkade Developers Ltd over the last decade?
Over the last 1 year(s), the stock has delivered a CAGR of -34.86% based on the current price.

10 Year X-Ray :

Analysis of Financial Track Record (Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end)

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Arkade Developers Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation

Mar'22Mar'23Mar'24Mar'25TTM
ROCE % 31.2%28.8%45.4%30.7%-
Value Creation
Index
1.21.12.21.2-

Growth Parameters

Sales 226220635683816
Sales YoY Gr.--2.7%188.3%7.6%-
Adj EPS 2.73.48.18.40.3
YoY Gr.-27.1%138.2%4.2%-
BVPS (₹) 9.613.221.347.647.5
Adj Net
Profit
40.551.51221565
Cash Flow from Ops. -133-97.1102-217-
Debt/CF from Ops. -0.5-1.50.7-0.5-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales NANA44.5%7.6%
Adj EPS NANA46.7%4.2%
BVPSNANA70.8%123.7%
Share Price - - - -41.3%

Key Financial Parameters

Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity %
27.929.846.725.80.6
Op. Profit
Mgn %
23.330.426.430.223.2
Net Profit
Mgn %
17.923.419.322.80.7
Debt to
Equity
0.40.70.20.10.1
Working Cap
Days
0693298394205
Cash Conv.
Cycle
0631262353175

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'22Mar'23Mar'24Mar'25
Sales226220635683
Operating Expenses + 174153467477
Manufacturing Costs00148
Material Costs150114399384
Employee Cost 571321
Other Costs 19314165
Operating Profit 5367168206
Operating Profit Margin (%) 23.3%30.4%26.4%30.2%
Other Income + 1213212
Exceptional Items 0000
Interest 2832
Depreciation 0015
Profit Before Tax 6272165211
Tax 14184254
Profit After Tax 4955123157
PAT Margin (%) 21.5%24.9%19.4%23.0%
Adjusted EPS (₹)3.23.68.18.5
Dividend Payout Ratio (%)0%0%0%0%

Valuation of Arkade Developers - Standalone

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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Analyst's Notes

data not found
No data found!

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'22Mar'23Mar'24Mar'25

Equity and Liabilities

Shareholders Fund + 145200323884
Share Capital 22152186
Reserves 143198171698
Debt +6314969113
Long Term Debt1792975
Short Term Debt62704038
Minority Interest0000
Trade Payables10243846
Others Liabilities 148182143206
Total Liabilities 3665545741,249

Fixed Assets

Net Fixed Assets +221419
Gross Block231525
Accumulated Depreciation0016
CWIP 0000
Investments 401718139
Inventories299501488906
Trade Receivables54835
Cash Equivalents 61725134
Others Assets 14142116
Total Assets 3665545741,249

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity + -133-97102-217
PBT 6272165211
Adjustment -104-5
Changes in Working Capital -181-152-26-371
Tax Paid -14-18-41-53
Cash Flow From Investing Activity + 8226-12-229
Capex -2-1-12-9
Net Investments 7626-2-229
Others 8129
Cash Flow From Financing Activity 4885-83445
Net Proceeds from Shares + 000430
Net Proceeds from Borrowing 178-5046
Interest Paid -2-1-3-2
Dividend Paid 0000
Others 498-30-29
Net Cash Flow -2146-1

Financial Ratio

PARTICULARSMar'22Mar'23Mar'24Mar'25
Ratios
ROE (%)33.4331.7546.9626
ROCE (%)31.1828.7645.3530.68
Asset Turnover Ratio0.620.481.120.75
PAT to CFO Conversion(x)-2.71-1.760.83-1.38
Working Capital Days
Receivable Days8.507.403.4011.40
Inventory Days482.20662.80284.20372.40
Payable Days24.9053.8028.3040

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Arkade Developers Ltd FAQs

The current trading price of Arkade Developers on 19-Jun-2026 16:59 is ₹113.8.

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 18-Jun-2026 the market cap of Arkade Developers stood at ₹2,111.9 Cr

The latest P/E ratio of Arkade Developers as of 18-Jun-2026 is 395.6.

The latest P/B ratio of Arkade Developers as of 18-Jun-2026 is 2.39.

The 52-week high of Arkade Developers is ₹213.3 and the 52-week low is ₹93.95.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Arkade Developers is ₹816 ( Cr.) .

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 Somewhat Undervalued zone.

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Arkade Developers Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.

About Arkade Developers Ltd

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

  • 2024: Iconic Luxury Residential Project of the Year 2024 by Mid-Day Real Estate & Infrastructure Icons.
  • 2024: Iconic Residential Developer of the Year 2024 by Times Real Estate Conclave Awards 2024.
  • 2023: Precertified Platinum by Indian Green Building Council (IGBC) for Project Arkade Crown.
  • 2023: Precertified Platinum by Indian Green Building Council (IGBC) for Project Arkade Aspire.
  • 2018: Real Estate Icons by Mid-day for Project Arkade Earth.

History and milestones

  • 2005: Acquired and Launched Project Casa Bella in Borivali West.
  • 2007: Commenced Redevelopment of Vineet Co-operative Housing Society in Kandivali West
  • 2008: Commenced Redevelopment of Om Khushal Co-operative Housing Society in Vile Parle East.
  • 2013: Completed the Company’s first project in South Mumbai, namely, Project Arkade Fortuna.
  • 2016: Entered into Development Agreement for Project Arkade Earth in Kanjurmarg.
  • 2018: Successfully completed project named Arkade Art in Mira Road
  • 2020: Completed a project in South Mumbai at Carmichael Road named Arkade Rise.
  • 2021: Acquired Land in Andheri East admeasuring 2,091.60 square metres
  • 2021: Acquired Land in Goregaon East 5,932.90 square metres
  • 2022: Completed development of Project Arkade Earth in Kanjurmarg.
  • 2022: Commenced Redevelopment of Vivek Co-operative Housing Society in Santacruz West.
  • 2022 Completed development of Project Arkade Darshan in Vile Parle East.
  • 2023 Acquired Land in Nahur, Mulund admeasuring 8,327.20 square metres.
  • 2023 Successfully completed Arkade Serene within 19 months from Commencement Certificate.
  • 2023 Acquired Land in Bhandup admeasuring 11,967 square metres.
  • 2024 Successfully completed Arkade Crown within 25 months from Commencement Certificate.


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