Arkade Developers (ARKADE) is loss-making over the last 12 months, losing ₹25 Cr, so a P/E ratio does not apply. Its share price on 6 Nov 2026 was ₹111.24, 35% below its 52-week high. Sales grew 55% a year over 3 years. The company has almost no debt. It is a small-cap company with a market cap of ₹2,065 Cr, ranked 31st of 112 Real Estate (Development) companies by market cap; the shares fell 35% over the past year.
- ₹111.00
- ₹111.81
- ₹108.11
- ₹111.14
- 1.4 L
Health check
- ReturnsBehind
−34.8% over a year, better than 0 of 7 peers.
- Price tagLoss-making
Earnings were negative over the last 12 months.
- GrowthUnder pressure
Sales +54.7%, profit −52.7% a year over 3 years, but loss-making now.
- ProfitabilityWeak
ROCE 0.8% vs peer median 10.4%.
- Balance sheetFair
Debt 0.06× equity, interest covered 42.8×, Piotroski 4 of 9.
- Red flags5 to check
Loss-making over the last twelve months.
Small cap
Defensive
Key metrics
- Market cap
- ₹2,065 Cr
- Small cap
- P/E
- n/a
- Industry 22.1
- Price to book
- 2.21
- Peers 2.88
- Dividend yield
- 0.00%
- ROE
- −2.7%
- Peers 11.1%
- ROCE
- 0.8%
- Peers 10.4%
- Debt to equity
- 0.06
- Debt ₹58 Cr
- EPS (TTM)
- −₹1.35
- Face value ₹10
- OPM (TTM)
- 22.5%
- Net margin −3.7%
- Sales growth
- −45.1%
- Latest quarter vs a year ago
- Profit growth
- −45.8%
- Latest quarter vs a year ago
- Price to sales
- 3.02
- EV/EBITDA 12.9
Strengths and risks
Strengths
- Practically debt-free.
Risks to check
- Loss-making over the last twelve months.
- Return on equity is low at −2.7%.
- Quarterly profit down 45.8% on a year ago.
- Quarterly sales down 45.1% on a year ago.
- 35% below its 52-week high.
About Arkade Developers
Arkade Developers Limited operates as a real estate development company in India. It engages in the identification and acquisition of land, as well as the planning, execution, construction, and marketing of commercial and residential projects. The company was incorporated in 1986 and is based in Mumbai, India.
- Headquarters
- Mumbai
- Employees
- 256
- Sector
- Real Estate
- ISIN
- INE0QRL01017
- Website
- arkade.in
Price range
- Avg volume (3M)
- 2.6 L
- 1-year return
- minus 34.8%
- From 52-week high
- minus 34.6%
Peers · Real Estate - Development
| Company | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| DLFDLF | 752.90 | plus 1.03% | 1,86,366 | 40.8 | 127.6 | 6.3% | 15.3% | 0.01 | 11.3% | minus 3.8% |
| LODHALodha Developers | 1,179.00 | plus 0.27% | 1,17,812 | 27.1 | 25.2 | 18.2% | 33.1% | 0.41 | 20.4% | minus 3.9% |
| OBEROIRLTYOberoi Realty | 1,739.00 | minus 0.13% | 63,230 | 24.0 | 18.8 | 16.7% | 57.5% | 0.14 | 12.9% | minus 2.2% |
| GODREJPROPGodrej Properties | 1,809.30 | minus 0.31% | 54,501 | 40.4 | – | 11.1% | −6.5% | 1.02 | 32.4% | minus 20.9% |
| BRIGADEBrigade Enterprises | 558.15 | minus 0.89% | 18,205 | 25.1 | 15.6 | 9.8% | 29.2% | 0.83 | 18.5% | minus 26.2% |
| ANANTRAJAnant Raj | 445.45 | minus 4.41% | 16,031 | 26.5 | 24.1 | 10.4% | 27.8% | 0.13 | 37.9% | minus 27.8% |
| SOBHASobha | 1,275.40 | minus 1.28% | 13,642 | 71.4 | 46.7 | 7.4% | 6.5% | 0.33 | 16.3% | minus 20.2% |
| ARKADEArkade Developers | 111.24 | plus 0.09% | 2,065 | – | 11.2 | 0.8% | 22.5% | 0.06 | 54.7% | minus 34.8% |
| Median of 7 peers | – | −0.31% | 54,501 | 27.1 | 24.7 | 10.4% | 27.8% | 0.33 | 18.5% | −20.2% |
Quarterly results
| ₹ Cr | Jun 25 | Sep 25 | Dec 25 | Mar 26 | Jun 26 | Sep 26 |
|---|---|---|---|---|---|---|
| 159 | – | 197 | 197 | 147 | 145 | |
| 125 | – | 143 | 159 | 119 | 110 | |
| 34.2 | – | 53.8 | 37.9 | 27.8 | 34.5 | |
| 21.5% | – | 27.4% | 19.3% | 18.9% | 23.9% | |
| 6.1 | – | 2.4 | 2.4 | 1.7 | 2.2 | |
| 0.2 | – | 0.2 | 0.3 | 0.2 | 0.2 | |
| 1.9 | – | 2.7 | 2.9 | 3.2 | 3.3 | |
| – | – | – | −182 | – | – | |
| 38.2 | – | 53.3 | −145 | 26.1 | 33.3 | |
| 24.7% | – | 24.5% | 24.5% | 26.9% | 25.4% | |
| – | 45.8 | 40.3 | −109 | 19.1 | 24.8 | |
| 1.55 | – | 2.17 | -5.90 | 1.03 | 1.35 |
Profit & loss
- Sales CAGR 3Y
- +54.7%
- Profit CAGR 3Y
- −52.7%
- EPS CAGR 3Y
- −52.7%
- ROE
- −2.7%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 219 | 634 | 669 | 811 | |
| – | +189.5% | +5.4% | +21.3% | |
| 156 | 467 | 463 | 793 | |
| 62.7 | 168 | 206 | 18.3 | |
| 28.6% | 26.4% | 30.8% | 2.3% | |
| 4.4 | −1.2 | 8.9 | 178 | |
| 0.8 | 0.4 | 0.7 | 0.2 | |
| 0.3 | 1.1 | 4.9 | 10.2 | |
| 0.7 | 0.1 | 2 | −178 | |
| 66.8 | 165 | 211 | 7.9 | |
| 24.0% | 25.6% | 25.8% | 33.0% | |
| 50.8 | 123 | 157 | 5.4 | |
| – | +142.1% | +27.6% | minus 96.6% | |
| 2.74 | 6.62 | 9.25 | 0.29 |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 2 | 152 | 186 | 186 | |
| 198 | 171 | 698 | 696 | |
| 149 | 71.2 | 115 | 99.1 | |
| 206 | 180 | 252 | 146 | |
| 555 | 575 | 1,251 | 1,127 | |
| 1.9 | 13.6 | 18.3 | 44.4 | |
| – | – | – | 4.7 | |
| – | 0 | 1.7 | 2.7 | |
| 16.6 | 23.3 | 142 | 79.2 | |
| 537 | 538 | 1,089 | 996 | |
| 555 | 575 | 1,251 | 1,127 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| −98.7 | 101 | −218 | −119 | |
| 29.2 | −12.2 | −229 | 145 | |
| 83.6 | −82.9 | 445 | −23.6 | |
| 14.1 | 6.4 | −1.5 | 2.1 | |
| −0.6 | −12.2 | −9.1 | −36.5 | |
| −99.3 | 89.3 | −227 | −156 | |
| – | – | – | −3.6 |
Shareholding pattern
- Promoters71.19%
- Public28.81%
| Quarter | Split | Promoters | Public | Promoter change |
|---|---|---|---|---|
| 30 Sep 2026 | 71.19% | 28.81% | 0.00 | |
| 30 Jun 2026 | 71.19% | 28.81% | 0.00 | |
| 31 Mar 2026 | 71.19% | 28.81% | plus 0.05 | |
| 31 Dec 2025 | 71.14% | 28.86% | 0.00 | |
| 30 Sep 2025 | 71.14% | 28.86% | – |
Major shareholders
Filings & events
News
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