Arkade Developers Q2 FY27 Share Price & Earnings Call Analysis
- Market cap
- ₹1,998 Cr
- P/E
- 11.24
- ROE
- 20.30%
- PEG
- 0.20
- Price to sales
- 2.47
- Debt to equity
- 0.11
- 52W high / low
- ₹174 / ₹94.8
- Sales growth (5Y)
- 50.51%
- EBITDA margin
- 22.70%
- Net profit margin
- 21.94%
- Promoter holding
- 71.19%
- Sales (last year)
- ₹804 Cr
Arkade Developers Limited is a real estate development company focused on developing high-end, sophisticated lifestyle residential developments in Mumbai, Maharashtra.[1]
Guidance scorecard · Q2 FY27 call
What Arkade Developers Ltd's management guided
and where it ranks in Realty
Realty
RevenueQ1 FY27 call
20–40%- Arkade Developers plans accelerated growth with project launches increasing from ₹1,500 crore in previous years to ₹3,000 crore in FY27, marking 100% growth.
- For FY28, launch pipeline targets over ₹5,000 crore, indicating continued substantial expansion.
- Pre-sales expected around ₹500 crore from new launches in FY27 and another ₹500 crore from ongoing inventory.
- The company’s development pipeline stands at approximately ₹12,800 crore, offering strong near-term momentum and long-term growth foundation.
- Redevelopment projects are projected to increase due to land scarcity and availability of older buildings, contributing significantly to growth.
- Residential pre-sales grew 9% YoY in Q1 FY27, reflecting robust customer demand and confidence.
2 more points from Arkade Developers Ltd's call on revenue
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MarginsQ1 FY27 call
FlatSee what Arkade Developers Ltd said on margins — free account, 30 seconds.
CapexQ1 FY27 call
Planned- Arkade Developers is actively pursuing new project acquisitions in Mumbai's mature markets and expanding into new geographies.
- The company has a robust development pipeline with an estimated Gross Development Value (GDV) of around INR 12,800 crores across nearly 4.2 million sq ft.
- Planned launches for FY27 total about INR 3,000 crores with expectations to increase to over INR 5,000 crores in the following year.
- Redevelopment projects are a key focus area due to scarcity of greenfield land; the company anticipates a higher mix of redevelopment projects.
- Strategic investments include initiatives like Arkade Finroot (home loan assistance) and Assist360 (facility management), enhancing the home ownership ecosystem.
2 more points from Arkade Developers Ltd's call on capex
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FundraisingQ1 FY27 call
PlannedSee what Arkade Developers Ltd said on fundraising — free account, 30 seconds.
Order bookQ1 FY27 call
Rising- Arkade Developers has a robust development pipeline with an estimated Gross Development Value (GDV) of approximately INR 12,800 crores.
- This pipeline spans nearly 4.2 million square feet of saleable carpet area across various projects.
- Projects worth nearly INR 3,000 crores are planned to be launched during FY27, providing near-term business momentum.
- Additional project acquisitions equivalent in value to the existing pipeline are in nascent stages, with Letters of Intent (LOIs) and other approvals underway for redevelopment projects.
2 more points from Arkade Developers Ltd's call on the order book
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Ranges are what management guided for revenue growth and margins on the latest earnings call. Not investment advice, and not a forecast of returns.
Potential multibaggers · Q2 FY27
Potential multibaggers in Realty
on management's own guidance
- Sobha LtdGood growth2
- Strong growth1
- Man Infraconstruction LtdGood growth3
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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.
Peers
Realty companies ranked on guidance
| # | Company | Revenue guided | Margin guided | Market cap | P/E |
|---|---|---|---|---|---|
| 1 | 40%+ | Flat | ₹12,035 Cr | 41.1 | |
| 2 | Sobha Ltd | 20–40% | Up 2%+ | ₹12,548 Cr | 54.4 |
| 3 | Man Infraconstruction Ltd | 20–40% | Up 2%+ | ₹4,602 Cr | 21.2 |
| 4 | 20–40% | Up 2%+ | ₹1,157 Cr | 12.7 | |
| 5 | 20–40% | Flat | ₹1.06L Cr | 25.6 | |
| 6 | 20–40% | Flat | ₹61,922 Cr | 23.4 |
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Pro shows every company guiding 40%+ revenue growth →Full Realty rankingFinancials of Arkade Developers Ltd
Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.
Shareholder Pattern
Arkade Developers Ltd
Shareholding breakup across reporting periods.
| Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 | |
|---|---|---|---|---|---|---|---|---|---|
| Promoters + | 70.82% | 70.82% | 71.09% | 71.09% | 71.14% | 71.14% | 71.19% | 71.19% | 71.19% |
| FIIs + | 4.29% | 1.25% | 0.47% | 1.23% | 0.24% | 0.20% | 0.23% | 0.13% | 0.15% |
| DIIs + | 0.51% | 0.16% | 0.14% | 0.05% | 0.04% | 0.07% | 0.09% | 0.08% | 0.61% |
| Public + | 24.39% | 27.77% | 28.30% | 27.64% | 28.58% | 28.59% | 28.48% | 28.59% | 28.04% |
| No. of Shareholders | 1,25,724 | 90,855 | 82,526 | 70,242 | 66,561 | 64,474 | 62,202 | 61,136 | 56,842 |
Financials of Arkade Developers Ltd
Quarterly Results
Quarter-by-quarter operating performance
| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 211 | 239 | 123 | 125 | 202 | 225 | 131 | 159 | 264 | 197 | 197 | 147 | 145 |
| Expenses + | 146 | 173 | 96 | 83 | 143 | 164 | 87 | 125 | 200 | 143 | 159 | 119 | 110 |
| Operating Profit | 65 | 66 | 27 | 42 | 59 | 61 | 44 | 34 | 63 | 54 | 38 | 28 | 35 |
| OPM % | 31% | 28% | 22% | 33% | 29% | 27% | 34% | 21% | 24% | 27% | 19% | 19% | 24% |
| Other Income + | 0 | 1 | 1 | 0 | 2 | 7 | 3 | 6 | 1 | 2 | -180 | 2 | 2 |
| Interest | 1 | 0 | 2 | 0 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 0 | 0 | 1 | 1 | 1 | 1 | 1 | 2 | 3 | 3 | 3 | 3 | 3 |
| Profit before tax | 64 | 67 | 25 | 41 | 58 | 67 | 45 | 38 | 62 | 53 | -145 | 26 | 33 |
| Tax % | 25% | 27% | 22% | 26% | 26% | 25% | 27% | 25% | 26% | 24% | -25% | 27% | 25% |
| Net Profit + | 48 | 49 | 20 | 30 | 43 | 50 | 33 | 29 | 46 | 40 | -110 | 19 | 25 |
| EPS in Rs | 3.15 | 3.22 | 1.29 | 1.99 | 2.34 | 2.70 | 1.79 | 1.55 | 2.47 | 2.17 | -5.90 | 1.03 | 1.34 |
Financials of Arkade Developers Ltd
Profit & Loss
Annual income statement trend
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|
| Sales + | 106 | 225 | 220 | 635 | 683 | 816 | 685 |
| Expenses + | 80 | 170 | 160 | 467 | 477 | 627 | 531 |
| Operating Profit | 26 | 54 | 60 | 168 | 206 | 189 | 154 |
| OPM % | 24% | 24% | 27% | 26% | 30% | 23% | 22% |
| Other Income + | 5 | 15 | 8 | 2 | 12 | -170 | -173 |
| Interest | 1 | 4 | 1 | 3 | 2 | 1 | 1 |
| Depreciation | 0 | 0 | 0 | 1 | 5 | 10 | 12 |
| Profit before tax | 29 | 66 | 67 | 165 | 211 | 8 | -32 |
| Tax % | 25% | 22% | 24% | 26% | 26% | 33% | |
| Net Profit + | 22 | 51 | 51 | 123 | 157 | 5 | -25 |
| EPS in Rs | 1.39 | 3.32 | 3.34 | 8.09 | 8.45 | 0.29 | -1.36 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 345% |
Financials of Arkade Developers Ltd
Balance Sheet
Capital structure and asset base
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | Sep 2026 | |
|---|---|---|---|---|---|---|---|
| Equity Capital | 2 | 2 | 2 | 152 | 186 | 186 | 186 |
| Reserves | 97 | 148 | 198 | 171 | 698 | 696 | 741 |
| Borrowings + | 14 | 64 | 149 | 71 | 115 | 99 | 58 |
| Other Liabilities + | 237 | 156 | 206 | 180 | 252 | 146 | 188 |
| Total Liabilities | 350 | 370 | 555 | 575 | 1,251 | 1,127 | 1,173 |
| Fixed Assets + | 0 | 2 | 2 | 14 | 19 | 40 | 37 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 5 | 15 |
| Investments | 114 | 40 | 17 | 18 | 138 | 74 | 127 |
| Other Assets + | 236 | 329 | 536 | 543 | 1,093 | 1,008 | 994 |
| Total Assets | 350 | 370 | 555 | 575 | 1,251 | 1,127 | 1,173 |
Financials of Arkade Developers Ltd
Cash Flows
Operating, investing and financing cash movement
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Cash from Operating Activity + | 144 | -125 | -99 | 101 | -218 | -119 |
| Cash from Investing Activity + | -98 | 76 | 29 | -12 | -229 | 145 |
| Cash from Financing Activity + | -49 | 46 | 84 | -83 | 445 | -24 |
| Net Cash Flow | -3 | -2 | 14 | 7 | -2 | 2 |
| Free Cash Flow | 144 | -126 | -99 | 91 | -227 | -156 |
| CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit | 585% | -203% | -134% | 85% | -80% | -53% |
Financials of Arkade Developers Ltd
Ratios
Working capital efficiency and return ratios
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Debtor Days | 44 | 9 | 6 | 5 | 19 | 11 |
| Inventory Days | 9,429 | |||||
| Days Payable | 1,030 | |||||
| Cash Conversion Cycle | 8,443 | 9 | 6 | 5 | 19 | 11 |
| Working Capital Days | -92 | 161 | 390 | 169 | 354 | 365 |
| ROCE % | 41% | 24% | 45% | 30% | 19% |
Guidance history
How Arkade Developers Ltd's guidance has moved, call by call
| Call | Revenue | Margins | Capex | Fundraising | Order book |
|---|---|---|---|---|---|
| Q1 FY27 call → | 20–40% | Flat | Planned | Planned | Rising |
| Q4 FY26 call → | 20–40% | Flat | Planned | — | Rising |
| Q3 FY26 call → | 20–40% | Flat | Planned | — | Rising |
| Q2 FY26 call → | 20–40% | Flat | Planned | — | — |
What management guided on each call, newest first. Not investment advice, and not a forecast of returns.
Momentum score · price trend
12 out of 100 — Cooling
Over the past year its share price has done worse than most of the stocks we track.
| Period | Share price change | Better than … of 1,910 stocks |
|---|---|---|
| Last 12 months | −37.2% | 14% |
| Last 6 months | −8.3% | 40% |
| Last 3 months | −23.4% | 10% |
The price is 47.7% below its all-time high of ₹206.51 (18 Jul 2025). Stocks more than 20% below their peak have their score halved, so 24 became 12.
How we calculate it
“Better than 30%” means that over that period the share price did better than 30 out of every 100 stocks we track (1,910 Indian companies worth ₹500 Cr or more, with at least a year of prices).
The score weighs the longer periods more: 40% × 12-month + 40% × 6-month + 20% × 3-month. For Arkade Developers Ltd: 0.4 × 14 + 0.4 × 40 + 0.2 × 10 = 24, halved to 12 because the price is more than 20% below its all-time high.
Strengthening is 70 and above, Steady 40 to 70, Cooling below 40. Scores are recalculated every night after the market closes.
Full methodology →This describes only how the share price has moved up to 29 Oct 2026, compared with other stocks. It says nothing about the business, and it is not a prediction, a price target or a recommendation to buy or sell.
Continue your research
What Arkade Developers Ltd's management said in earlier quarters
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