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Arkade Developers Essentials
Arkade Developers Growth
Compounded Sales Growth
Highlights
Financials:
- Strong revenue growth: 50% YoY in FY23.
- Consistent High profitability: Avg. 3-year gross margins of 36% and bottom line margins of 23%.
- Improving ROE: Driven by debt-fueled growth and steady net profit margin.
- Moderate cash conversion: Cash conversion cycle of 2.5 years in FY23.
Growth Potential:
- Upcoming project with a significant saleable area (1,22,425 sq ft) presents a new revenue stream.
- Expansion into eastern suburbs and Thane targeting the premium segment offers growth opportunities.
- Blended business model (new development & redevelopment) mitigates risks and fuels diversification.
Risks:
- Competition in the premium residential market.
- Impact of regulatory changes in the real estate sector.
- Fluctuations in land availability and costs.
- Economic downturns affecting buyer demand.
Overall:
The company exhibits strong financial performance, a strategic growth plan, and a diversified business model. However, navigating market competition, regulatory changes, and economic cycles is crucial for sustained success.
Business Rating
Our Team
Chaitya Ajay Mehta is the Independent Director of the Company since August 1, 2023. He holds a Bachelor of Commerce degree from Deakin University, Australia. He was associated as a director with Optimo Constructions Private Limited and Elance trading Private Limited from 2013 to 2019. He also has his sole proprietorship under trade name ‘Chaitya Ajay Mehta’.
Hiren Mohanlal Tanna is the Independent Director of the Company since August 1, 2023. He holds a Bachelor of Engineering from the University of Bombay. He was associated with Satish C Dhupelia, a consulting structural and civil engineer from 1990 to 1995. He also has his sole proprietorship under trade name ‘Hiren M Tanna’
