ARKADE
Arkade Developers share price & financials
- Price
- ₹114.25
- Market cap
- ₹2.4k Cr
- Sector
- Realty
- Calls analysed
- 7
Arkade Developers Limited Q1 FY27
What went well
- Pre-sales grew 9% year-on-year to INR 155 crores, reflecting strong customer confidence and project portfolio.
- Robust development pipeline with an estimated Gross Development Value (GDV) of INR 12,800 crores across 4.2 million sq ft.
- Strong balance sheet with net debt of only INR 5 crores and a net debt-to-equity ratio of 0.01 times, providing flexibility for growth.
What to watch
- EBITDA margins for the quarter were 18.9%, down from previous year due to lower other income and increased employee costs.
- Launch of the Anand Nagar project, a top-three GDV project, is delayed to FY29 due to wireless station relocation approvals.
What Arkade Developers Limited does
Arkade Developers is a Mumbai Metropolitan Region (MMR) focused residential real estate developer that earns revenue by acquiring land or redevelopment rights, constructing residential (and some commercial) towers, and selling the built-up carpet area to homebuyers. Its project mix spans society redevelopment (rehousing existing residents plus selling additional flats) and greenfield development on directly acquired land, executed through an in-house team covering land acquisition, design, construction, contracts, QA/QC, CRM and sales, supplemented by external architects and consultants. The company has historically concentrated on Mumbai's western, eastern and south suburbs and has recently expanded into the central corridor via Thane.
Segments
- Society Redevelopment
- Greenfield Development
- Projects delivered
- 32
- Cumulative area delivered
- 5.5+ million sq.ft.
- Families housed
- 5,500+
- Ongoing projects
- 8
- Area under ongoing construction
- ~2 million sq.ft.
- Upcoming (planned) projects
- 12
Guidance record · Q1 FY27
what the last two calls moved 27 tracked 1 delivered 11 missed 15 open- PAT from Sales Pipeline went quiet said Q3 FY25 Promised: ₹2,000 crores in the next five years Q1 FY27: The absolute PAT target from the overall pipeline was not mentioned, though a general PAT margin target of 18-19% was reiterated.
- Total Sales Potential from Pipeline revised up said Q3 FY25 Promised: ₹10,000 crores Q1 FY27: Management announced the development pipeline has now reached an estimated GDV of approximately INR 12,800 crores.
- New Project Launches (Annual) on track said Q3 FY25 Promised: 3-4 projects every year Q1 FY27: Management plans to launch projects with a GDV of ₹3,000 crores in FY27, specifically mentioning two major launches in H2. This supports the goal of a significant launch year.
All 27 tracked — every revision, and every one management stopped mentioning.
Open the guidance ledgerQuarterly results
Q1 FY27: revenue down 7.5%, net profit down 34.5% against the same quarter last year.
| Line item | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 202 | 225 | 131 | 159 | 264 +31% | 197 −12% | 197 +50% | 147 −8% |
| EBITDA | 59 | 61 | 44 | 34 | 63 +7% | 54 −11% | 38 −14% | 28 −18% |
| Net profit | 43 | 50 | 33 | 29 | 46 +7% | 40 −20% | -110 −433% | 19 −34% |
How to read this
₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Performance −31.6% 1Y
1Y: ₹178.52 on 10 Sept 2025 → ₹122.03. High ₹181.34 (18 Sept 2025), low ₹94.83 (30 Mar 2026).
How the price took the results
close before → close after
- Q1 FY27
- −3.2%
- 12 Aug
- Q4 FY26
- +0.5%
- 2 Jun
- Q3 FY26
- −3.4%
- 29 Jan
- Q2 FY26
- −0.9%
- 16 Oct
The move from the last close before each results date to the first close after it — the market's first read on the quarter, not the quarter itself.
Financials, as filed
Revenue grew 13.4% a year over 2 years, FY24 to FY26. Operating margin narrowed to 23.1%.
| Year ending | FY24 | FY25 | FY26 |
|---|---|---|---|
| Revenue | ₹635 Cr | ₹683 Cr | ₹817 Cr |
| Operating profit | ₹168 Cr | ₹206 Cr | ₹189 Cr |
| Operating margin | 26.5% | 30.2% | 23.1% |
| Interest | ₹3 Cr | ₹1 Cr | ₹0 Cr |
| Depreciation | ₹1 Cr | ₹4 Cr | ₹11 Cr |
| Net profit | ₹124 Cr | ₹156 Cr | ₹5 Cr |
| Net margin | 19.5% | 22.8% | 0.6% |
| Cash from operations | ₹101 Cr | ₹-218 Cr | ₹-119 Cr |
| Free cash flow | ₹91 Cr | ₹-227 Cr | ₹-151 Cr |
| ROCE | 45.0% | 30.0% | 19.0% |
How to read this
From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.
Balance sheet
| Year ending | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| Equity capital | ₹2 Cr | ₹2 Cr | ₹2 Cr | ₹152 Cr | ₹186 Cr | ₹186 Cr |
| Reserves | ₹97 Cr | ₹148 Cr | ₹198 Cr | ₹171 Cr | ₹768 Cr | ₹696 Cr |
| Borrowings | ₹14 Cr | ₹64 Cr | ₹149 Cr | ₹71 Cr | ₹175 Cr | ₹99 Cr |
| Other liabilities | ₹237 Cr | ₹156 Cr | ₹206 Cr | ₹180 Cr | ₹134 Cr | ₹146 Cr |
| Total liabilities | ₹350 Cr | ₹370 Cr | ₹555 Cr | ₹575 Cr | ₹1.3k Cr | ₹1.1k Cr |
| Fixed assets | ₹0 Cr | ₹2 Cr | ₹2 Cr | ₹14 Cr | ₹219 Cr | ₹41 Cr |
| Capital work in progress | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹5 Cr |
| Investments | ₹114 Cr | ₹40 Cr | ₹17 Cr | ₹18 Cr | ₹19 Cr | ₹74 Cr |
| Other assets | ₹236 Cr | ₹329 Cr | ₹536 Cr | ₹543 Cr | ₹1.0k Cr | ₹1.0k Cr |
| Total assets | ₹350 Cr | ₹370 Cr | ₹555 Cr | ₹575 Cr | ₹1.3k Cr | ₹1.1k Cr |
How to read this
As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.
Who owns it
As disclosed at Jun 2026
Since Jun 2025, FIIs trimmed −1.10 pp while the public added +0.95 pp. The shareholder count shrank 13% to 61,136.
- Promoters
- 71.2%
- FIIs
- 0.1%
- DIIs
- 0.1%
- Public
- 28.6%
Since Jun 2025
- FIIs −1.10 pp
- Public +0.95 pp
- Promoters +0.10 pp
How it drifted, 8 quarters
Over this window the public went from 24.4% to 28.6% — +4.2 pp.
Ownership split by quarter, oldest first. Sep '24: Promoters 70.8%, FIIs 4.3%, DIIs 0.5%, Public 24.4%.Dec '24: Promoters 70.8%, FIIs 1.3%, DIIs 0.2%, Public 27.8%.Mar '25: Promoters 71.1%, FIIs 0.5%, DIIs 0.1%, Public 28.3%.Jun '25: Promoters 71.1%, FIIs 1.2%, DIIs 0.1%, Public 27.6%.Sep '25: Promoters 71.1%, FIIs 0.2%, DIIs 0.0%, Public 28.6%.Dec '25: Promoters 71.1%, FIIs 0.2%, DIIs 0.1%, Public 28.6%.Mar '26: Promoters 71.2%, FIIs 0.2%, DIIs 0.1%, Public 28.5%.Jun '26: Promoters 71.2%, FIIs 0.1%, DIIs 0.1%, Public 28.6%.
Who is on the register
Named in the Jun 2026 filing
Every holder of Arkade Developers Limited above SEBI's 1% disclosure line, and what changed since Mar 2026.
| Holder | Stake | Change |
|---|---|---|
| Amit Mangilal Jain | 66.71% | unchanged |
| Arpit Vikram Jain | 5.54% | unchanged |
| Sandeep Ummedmal Jain | 5.53% | unchanged |
| Anuja Nitesh Jain | 1.52% | unchanged |
| Ketu Amit Jain | 1.44% | unchanged |
| Aarin Amit Ambavat | 1.43% | unchanged |
| Anisha Bhavesh Jain | 0.09% | unchanged |
| Uttamchand Sagarmal Jain | 0.00% | unchanged |
| Paras & Arkade Associates | 0.00% | unchanged |
| Arkade Associates | 0.00% | unchanged |
| Atul & Arkade Associates | 0.00% | unchanged |
| Arkade Creations | 0.00% | unchanged |
A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.
All earnings calls (6)
Read the Q1 FY27 call →Learn to analyse Arkade Developers Limited
Guides on how to read this kind of business and the numbers that matter.