Develops residential and commercial real estate in the Mumbai Metropolitan Region, earning revenue from the sale of apartments, commercial units, and mixed-use developments. In FY26, pre-sales reached ₹901 crore, with 315,000 sq.ft of area sold, up 26.6% over the prior year. The project portfolio includes the recently launched Arkade Sapphire at Santacruz West, a boutique mixed-use development, and the larger Filmistan project in Goregaon West, acquired in FY26 for ₹347.6 crore on a 4-acre parcel with a projected gross development value of ₹3,500 crore. Material costs account for 69.6% of revenue, reflecting land and construction inputs, while employee costs run at 3.9% and other operating expenses at 3.8%. The developer has expanded into Thane (projected GDV ₹1,900 crore) and holds redevelopment rights over 13.5 acres in Mumbai's western suburbs with a projected GDV of ₹4,500 crore. A related-party transaction of ₹18,217.09 lakh with BOM OXY Limited is classified as non-current investments, alongside BOM OXY's appointment as a medical oxygen production and distribution partner. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Residential development, Commercial development, Mixed-use developments. Asset-heavy, cyclical Mumbai-focused real estate developer
| ₹ crore · consolidated | FY25 | FY26 |
|---|---|---|
| Revenue | 683 | 816 |
| EBITDA (ex other income) | 206 | 7 |
| margin % | 30.2 | 0.9 |
| Owners' profit | 157 | 5 |
| EPS, as reported (₹) | 9.25 | 0.29 |
| ROE % · ROCE % | 17.8 · 22.2 | 0.6 · 0.9 |
| Debt / equity (x) | 0.13 | 0.11 |
| Cash from operations | (218) | (119) |
| Capex | (9) | (31) |
| ₹ crore | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 202 | 225 | 131 | 159 | 264 | 197 | 197 | 147 |
| Profit before tax | 58 | 67 | 45 | 38 | 62 | 53 | (145) | 26 |
| Net profit | 43 | 50 | 33 | 29 | 46 | 40 | (110) | 19 |
| EPS (₹) | 2.82 | 3.04 | 1.96 | 1.55 | 2.47 | 2.17 | (5.90) | 1.03 |
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| DLF LIMITED | 1,59,533 | 35.9 | 3.51 | 48.1 | 9.7 | 6.0 | 8.6 | 37.1 |
| LODHA DEVELOPERS LIMITED | 1,11,589 | 27.0 | 4.76 | 22.1 | 14.6 | 15.7 | 25.1 | 40.5 |
| THE PHOENIX MILLS LTD | 67,594 | 52.8 | 4.73 | 26.2 | 10.9 | 9.9 | 32.7 | 63.4 |
| PRESTIGE ESTATE LTD | 64,519 | 56.6 | 3.85 | 18.5 | 7.8 | 6.8 | 11.8 | 38.1 |
| Date · filing | Category | Importance | 1-day % | 5-day % |
|---|---|---|---|---|
| 3 Sept 2026 · Arkade Developers to hold investor meet on September 16, 2026 | board shareholder meetings | low | — | — |
| 31 Aug 2026 · Arkade Developers informs shareholders about 40th AGM and annual report access | compliance | minimal | — | — |
| 29 Aug 2026 · Arkade Developers 40th AGM notice published in newspapers | compliance | minimal | — | — |
| 27 Aug 2026 · BRSR for FY 2025-26 filed - sustainability and governance disclosure | compliance | minimal | — | — |
| 27 Aug 2026 · Arkade Developers 40th AGM on Sep 22, 2026; ESOP 2026 and director re-appointment on agenda | board shareholder meetings | low | — | — |
| 27 Aug 2026 · Arkade Developers submits FY26 Annual Report and 40th AGM Notice | board shareholder meetings | low | — | — |
| 25 Aug 2026 · Newspaper notice for 40th AGM on September 22, 2026 | compliance | minimal | — | — |
| 25 Aug 2026 · Arkade Developers receives Occupation Certificate for Vile Parle project | business updates | medium | — | — |
| 19 Aug 2026 · Arkade Developers adds 4 redevelopment projects in Western Mumbai worth about 5000 Crore | business updates | medium | — | — |
| 17 Aug 2026 · Arkade Q1 FY27 call: pre-sales up 9%, pipeline at INR 12,800 crores | investor communications | medium | — | — |
| Where a broker report shows | This document shows | Why |
|---|---|---|
| OBEROI REALTY LIMITED | 63,306 | 20.8 | 3.53 | 18.2 | 14.0 | 15.5 | 24.0 | 61.1 |
| GODREJ PROPERTIES LTD | 52,653 | 32.9 | 2.72 | 23.7 | 9.5 | 11.4 | 46.3 | 107.7 |
| ANANT RAJ LIMITED | 21,490 | 36.2 | 3.69 | 29.3 | 9.6 | 10.2 | 58.7 | 32.1 |
| BRIGADE ENTER. LTD | 20,941 | 24.4 | 2.78 | 15.7 | 9.6 | 6.8 | 23.9 | 41.9 |
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/B | 2.6 | 2.1 | 37 of 64 | 43% |
| ROCE | 0.8 | 6.8 | 55 of 67 | 18% |
| ROE | 0.6 | 8.2 | 59 of 67 | 12% |
| Debt / Equity | 0.1 | 0.4 | 20 of 67 | 71% |
| EBITDA margin | 20.1 | 29.6 | 40 of 66 | 40% |
| Revenue growth | (7.8) | 12.8 | 50 of 67 | 26% |
| Profit growth | (33.6) | 7.5 | 49 of 66 | 26% |
| Market cap | 2265 | 2250 | 33 of 67 | 52% |
| A rating (BUY / ADD / REDUCE / SELL) |
| A state: the latest filed quarter and the measured reactions |
| an event is a fact; a rating is an opinion that requires SEBI RA registration |
| A target price and upside | The current price and the multiples against the group | a target is a forecast; a multiple is a measurement |
| Estimate years marked E | More audited years; no estimates | MarketPing publishes no forecasts — your own model lives on the Models page |
This document is a statistical summary of publicly filed information and market data, prepared by software from primary sources: SEBI results XBRL filed with BSE and NSE, LODR disclosures, shareholding patterns, exchange price data. It contains no research recommendation, no price target and no opinion on the merits of any security, and is not a research report within the meaning of the SEBI (Research Analysts) Regulations, 2014, Regulation 2(1)(w)(vii). Financial statements are as filed (consolidated where the company files consolidated results). Ratios are computed over filed lines. Where a figure is unavailable the table shows a dash rather than an estimate. The business brief is written by MarketPing's reader from the annual report and checked against it; no figure in a table was generated by a model. Nothing here constitutes investment advice, an offer or a solicitation; readers should consult a SEBI-registered adviser before acting. MarketPing is not a SEBI-registered intermediary.
