KR Choksey, Arkade Developers Ltd
Arkade Developers Limited, established in 1986, is a Mumbai-based real estate company engaged in developing residential and commercial properties. The company is known for its high-quality construction projects, focusing on providing innovative designs and modern amenities to customers. Over the years, Arkade has completed several projects across the Mumbai Metropolitan Region (MMR), emphasizing customer satisfaction, timely delivery and sustainable development. Since its inception, Arkade Developers has delivered over 4.5 Mn square feet of residential space, completing 28 projects and catering to over 4,000 customers. Arkade is known for its timely project completion and its presence in key micro-markets like Borivali West, Goregaon East and Santacruz West.
Valuation and Outlook
The company is trading at a PE ratio of 19.4x and 14.9x EV/EBITDA which is at a discount compared to its peers. Moreover, the return ratios are significantly higher than its peers. Given these factors we assign a “Subscribe” rating to the IPO.
For all IPO report, click here
Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
Find the best of Al News in one place, specially curated for you every weekend.
Stay on top of the latest tech trends and biggest startup news.
