Arvind Smartspaces Gets 'Buy' From Axis Securities, Sees 43% Upside; Here's Why

The company is one of the fastest growing real estate companies, holding a dominant market share in Ahmedabad and Bangalore, says the brokerage.

Residential property developed by Arvind Smartspaces Ltd. In Bengaluru. (Source: Company website)

NDTV Profit’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer NDTV Profit’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

Axis Securities Report

We initiate coverage on Arvind Smartspaces Ltd. with a Buy recommendation. Our recommendation is supported by-

  1. new launch visibility;

  2. Asset–light business and quick turnaround time,

  3. geographical play and product innovation, and

  4. low leverage plus strong cashflows combined with strategic partnership.

Valuing the company at eight times FY26 enterprise value/Ebitda we arrive at a target price of Rs 1,085/share, implying an upside of 43% from the current market price.

Click on the attachment to read the full report:

Axis Securities Arvind-Smartspaces Initiating-Coverage.pdf
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