AnnouncementSep 2026
Sep 2026 · Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 3 Sep - Arkade Developers to hold virtual Valorem CXO Meet on 16 September 2026 at 4:00 pm IST.
Source: Bse
Arkade Developers Limited (ARKADE)
Small CapReal Estate stocks · Small cap · NSE
Arkade Developers Limited operates in Real Estate Development, within the Real Estate sector. Use the latest filing and company disclosures below to verify its revenue mix and current business drivers.
Data qualityFresh enough for analysisQuote updated 19 Oct, 03:31 pm ISTDetails
Quote19 Oct, 03:31 pm IST
Base fundamentals06 Oct 2026 · screener
Latest result16 Aug, 01:20 am IST
Score21 Oct, 04:30 am IST · v4.3-runtime-valuation
Tags02 May 2026
Coverage14/14 · 100%
Valuation2026-07-20 · Rf 6.8% · Real Estate P/E 22.2 (n=72)
Technical timing lens
Trend score and candlestick chart
38BearishSMA20 -1.8% / mo · MACD − · sector -6.4pp vs Nifty 500 (3M)
Stock trend: 34
Sector RS: 44
Sector 3M: -12.0% vs Nifty 500 -5.6%
Real Estate FPI tailwindBuilding
Latest FPI flow is positive, but a second consecutive positive fortnight is still required. View sector evidence
Technical chart
ARKADED candles · FIT view-1.7%Latest close ₹114.12 on 2026-10-19
Bar
-3.7%
RSI
34
MACD hist
-0.22
52W pos
26%
2026-10-19O ₹118.56H ₹119.00L ₹113.10C ₹114.12Vol 2.6L sh
Up bar
Down bar
EMA 20
EMA 50
Volume + 20D avg
Result date
RSI(14)
MACD / signal
Market context
Relative performance and chart statistics
Adjusted completed-session prices, rebased to 100
ARKADENifty RealtyNifty 500
- ARKADE
- -17.3%
- Nifty 500
- -5.6%
- Nifty Realty
- -11.0%
- Vs Nifty 500
- -11.8 pp
Chart stats
19 Oct 2026- From 52W high
- -36.6%
- 52W range position
- 25%
- ATR (14)
- 3.5%
- Volume vs 20D
- 1.67x
- Avg traded value
- ₹2 Cr
- 20D price channel
- ₹113.1 - ₹131
₹180
₹92.6 - ₹180
₹4
Latest completed session
20-session average
30.3% annualized volatility
Research snapshot
What the evidence says now
Investable fundamentals, management evidence is still limited to a financial-only Trust Lite signal, price trend argues for patience, and recent execution is weak.
Suggested next step
Check latest quarters
Result consistency is weak; verify whether the thesis is improving or deteriorating.
U-Score
Legacy · UNDERVALUED69
Fundamental lens: valuation, quality, growth, balance sheet, and cash flow.
Latest result
Bad0
Revenue -7.5% · PAT -34.5% YoY
Technical
Bearish38
Price trend and sector-relative-strength timing.
Valuation
Legacy model+62.5%
Legacy margin-of-safety estimate; the revised evidence label remains in shadow validation.
Trust
Limited evidence63
Financial-only signal; management claim evidence is not sufficient yet.
Financials
Fundamentals, quarterly history, margins, returns and balance-sheet evidence
Financials
Fundamentals, quarterly history, margins, returns and balance-sheet evidence
Latest result
Quarter ended 30 Jun 2026
Bad · 0/100Rev -8% YoY · PAT -34% YoY · margin compression
Filed 30 Jun 2026
Open results browser →| Metric | This quarter | YoY | QoQ |
|---|---|---|---|
| Revenue | ₹147 Cr | -7.5% | -25.4% |
| EBITDA | ₹28 Cr | -17.6% | -26.3% |
| Operating margin | 19.0% | -200 bps | +0 bps |
| PAT | ₹19 Cr | -34.5% | NDF |
| PAT margin | 12.9% | -531 bps | +6877 bps |
NDF means not disclosed in the current structured filing feed. It is intentionally not treated as zero.
Fundamentals
Valuation
- P/E
- 12.50
- P/B
- 2.53
- EV/EBITDA
- 11.94
- Market Cap
- 2218.00Cr
Profitability
- ROE
- 20.30%
- ROCE
- 18.90%
- ROA
- -0.35%
- Dividend Y
- 0.83%
Growth (CAGR)
- Revenue 5Y
- 51.00%
- EPS 5Y
- 53.00%
- Revenue 3Y
- 55.00%
- EPS 3Y
- 53.00%
Balance Sheet
- Debt/Equity
- 0.11
- Interest Coverage
- 183.00×
- Altman Z
- 7.83
- Book Value
- 47.50
Cash Flow
- FCF Yield
- 1.17%
- FCF Positive Y
- 3/5
- OCF
- -119.00 Cr
- EPS TTM
- -0.23
Shareholding
- Promoter Hold
- 71.19%
- Promoter Pledge
- 0.00%
- Momentum 52W
- 31%
Financial History
Updated 19/10/2026
Revenue
₹ CrLatest: 147-25.4% vs prev
Net Profit
₹ CrLatest: 19.0+117.3% vs prev
ROE is shown only in the Annual view — quarterly equity data isn't published.
Technicals
Trend interpretation, Stage 2, relative strength, volume and indicator evidence
Technicals
Trend interpretation, Stage 2, relative strength, volume and indicator evidence
Daily technical trend read
Bearish setupTrend is weak — long-term trend down. RSI 34.
- Price below SMA200 (long-term downtrend) — short-term bounces likely countertrend.
- SMA20 falling (~1.8% over last month) — short-term momentum negative.
- RSI(14) at 34 — falling, no extreme reading.
- MACD below signal, histogram expanding negatively — bearish momentum building.
- 35% off 52W high · 23% above 52W low.
Mechanical read from the price + indicator series above. Not a recommendation — technical setups can reverse without warning, especially around earnings and macro events.
Nifty 500 leadership
Relative Strength & Trend Stage
31
RS percentile
Stage 1 Base / Transition
1M return
-4.0%
3M return
-17.3%
6M return
-0.4%
1Y return
-31.8%
RS 1D
-3
RS 20D
-4
Sector rank
#18
Industry rank
#71
Stage evidence
- Price is within 6.1% of the 30-week proxy.
- The 30-week proxy changed +1.2% over 20 sessions.
- The moving-average structure does not confirm Stage 2 or Stage 4.
50-DMA
price below
200-DMA
price below
Sector
lagging
Industry
lagging
Relative-strength line vs Nifty 500 (base 100)
262 observations
19 Oct 2026Value 69.14-2.76%
RS vs Nifty 50069
Valuation & peers
U-Score 69 · legacy U-Score band UNDERVALUED · valuation evidence and comparable companies
Valuation & peers
U-Score 69 · legacy U-Score band UNDERVALUED · valuation evidence and comparable companies
Growth at Value
Fundamental score breakdown
U band · UNDERVALUEDValuation18/30
Growth23/25
Quality12/20
Balance Sheet10/15
Cash Flow3/10
Piotroski
6/9 (+3)
Penalties
0
Raw sum
69
Why this score?
Top U-Score contributors and drags from the latest stored fundamentals.
69/100 · legacy band UNDERVALUED
Positive drivers
- Fair-value margin of safety is positive at 62.5%.
- Growth contributes 23/25 to the score.
- Balance sheet contributes 10/15 to the score.
Main drags
- Cash flow is weaker at 3/10; verify the latest quarterly trend.
- Valuation is weaker at 18/30; verify the latest quarterly trend.
- Quality is weaker at 12/20; verify the latest quarterly trend.
Sector valuation model
Real estate valuation: NAV, pre-sales, debt, and inventory quality
Real estate valuation depends more on project economics and balance sheet than simple PE.
Primary lens
NAV and market cap versus project pipeline and pre-sales.
Secondary checks
Inventory age, net debt, collections, execution record.
Main risk check
Book value can overstate value if inventory is slow or debt is high.
PE
12.5
PB
2.5
EV/EBITDA
11.9
ROE
20.3%
ROCE
18.9%
FCF Yield
1.2%
Debt/Equity
0.1
MoS
+62.5%
Score movement
Stored run vs live recompute
This shows the stored score trend when snapshots exist, and also compares the latest stored nightly score with a live recompute from current fundamentals and price.
Stored run: 21 Oct 2026
v4.3-runtime-valuation
Final score
69
Previous: 69
Legacy U-Score band
UNDERVALUED
Previous: UNDERVALUED
Margin of safety
+62.5%
Previous: +62.5%
Score history
12 stored score snapshots. Latest stored move: +0 points.
21 Oct 2026
v4.3-runtime-valuation
69
69
69
69
69
69
69
69
69
69
69
69
Factor attribution
No pillar movement versus the latest stored run. Historical score trend will appear after snapshot storage is enabled.
Modelled fair value
Graham Number
—
Growth-justified P/E
33.3
Growth-justified Value
—
+62.5% MoS
PEG
0.24
Comparable companies
Peers
Business-comparable peers in Real Estate — ranked by industry, sub-sector, theme-tag overlap, market cap, and U-Score similarity. Green cells mark the best available peer metric in this table.
Ticker
Name
Why peer
Score
PE
ROE
MoS
Verdict
SURAJEST
Small
Suraj Estate Developers Limited
Real Estate
match 169
57
10.8
9.4%
+70%
FAIR VALUE
AJMERA
Small
Ajmera Realty & Infra India Limited
Real Estate
match 167
59
14.9
11.5%
+51%
FAIR VALUE
RAMKY
Small
Ramky Infrastructure Limited
Real Estate
match 167
66
10.4
11.1%
+77%
UNDERVALUED
MARATHON
Small
Marathon Nextgen Realty Limited
Real Estate
match 166
64
13.2
4.7%
+60%
UNDERVALUED
HUBTOWN
Small
Hubtown Limited
Real Estate
match 166
51
25.4
6.4%
+30%
FAIR VALUE
Business, management & trust
Growth engines, risks, management commitments and evidence-backed delivery
Business, management & trust
Growth engines, risks, management commitments and evidence-backed delivery
Business and thesis
Issuer presentation review pending
Arkade Developers Limited operates in Real Estate Development, within the Real Estate sector. Use the latest filing and company disclosures below to verify its revenue mix and current business drivers. The structured result feed currently covers the quarter ended 30 Jun 2026. Investor presentations and earnings-call PDFs will be added as issuer-backed evidence before management claims appear here.
Trust Score
63Limited evidence · low confidenceTrust Lite
Trust asks: does management behaviour match later outcomes? Higher is better, but confidence and evidence depth matter as much as the number.
Limited evidence: Claim history is still being built. It ranks around the 38th percentile of the scored universe and 62nd percentile within Real Estate. Main check: results consistency is weak at 17/100.
This is a financial-behaviour screen, not a claim-tested management reliability verdict.
Computed 05 Sept 2026
management-trust-v1
36 docs text-extracted · 13 concalls text-extracted
Score band
Limited evidence
Financial behaviour is scored, but management claims do not yet have enough outcome checks.
Relative rank
38th percentile
overall median 67 · Real Estate: 62nd pctile, median 61 · Small: 43rd pctile, median 66
Evidence depth
Financial-only
36 documents have extracted text, but claim history is not strong enough yet.
Claim delivery
Outcome history still building
0 claims extracted · No contradicted claim yet
How to read this Trust Score
Limited evidence · low confidenceWhat it measures
Reliability of management and financial delivery, using financial behaviour only.
Confidence
Treat this as an early read until more concalls and outcomes are matched.
Investor use
Acceptable, but check the weakest sub-score before increasing exposure.
Read Trust alongside U-Score, result consistency, and technical trend. A cheap stock with weak Trust needs a larger margin of safety; a high Trust score does not make an expensive stock attractive by itself.
Forensic breakdown
Read low sub-scores as due-diligence warnings, not automatic sell signals.
Promoter
86
strong · holding, pledge, alignment
Cash flow
50
watch · profit to cash conversion
Balance sheet
89
strong · leverage and solvency
Discipline
66
acceptable · capital discipline
Results
17
weak · quarterly consistency
Trust positives
- ▸Promoter holding is 71.2%.
- ▸Promoter pledge is zero.
- ▸FCF yield is positive at 1.1%.
Trust risks
- ▸Operating cash flow is negative at ₹-119 Cr.
- ▸2 latest quarters had PAT decline worse than 25% YoY.
- ▸ROCE trend is -12.4%.
- ▸1/4 latest quarters had positive YoY PAT growth.
Trust Lite uses financial behaviour only. Prefer claim-tested Trust when enough concall claims have later outcomes.
Continue researching Arkade Developers Limited
Important announcements & filings
Latest exchange and company disclosures found within the past two years.
Open source ↗
AnnouncementSep 2026
Sep 2026 · Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 15 Sep - Intimation of Site Visit for Analyst/ Investors scheduled on September 30, 2026
Source: Bse
AnnouncementSep 2026
Sep 2026 · Announcement under Regulation 30 (LODR)-Newspaper Publication 29 Aug - Newspaper Advertisement regarding Notice of the 40th AGM to be held on September 22, 2026
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Press Release / Media Release 24 Sep - Arkade marks 2 years of listing; upcoming project GDV rises 500% to ₹18,000 crore.
Source: Bse
Concall transcriptAug 2026
Aug 2026 · Transcript
Source: Bse
Investor presentationAug 2026
Aug 2026 · PPT
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Press Release / Media Release 19 Aug - Arkade adds 4 Mumbai redevelopment projects worth ~₹5,000 crore; Arkade Eden received OC nine months early.
Source: Bse
Investor presentationJun 2026
Jun 2026 · PPT
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Press Release / Media Release 29 May - FY26 pre-sales rose 17% to ₹901 crore; Filmistan acquisition caused ₹182 crore exceptional loss.
Source: Bse
Announcement
Compliances-Reg.24(A)-Annual Secretarial Compliance 29 May - Submitted Annual Secretarial Compliance Report for FY2026; no material non-compliances reported.
Source: Bse
Annual report
Annual Report 2026
Source: Bse
Annual report
Annual Report 2026
Source: Bse
All information is for study purposes only. For investment decisions, consult your financial advisor. See Playbook for methodology.