Price
Financials
Standalone, Rs crore| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 30.12 | 31.24 | 24.88 | 24.97 | 19.51 | 17.81 | 51.26 | 44.74 | 48.12 | 31.96 | 38.75 | 26.13 |
| Expenses | 26.47 | 27.70 | 21.96 | 22.57 | 21.11 | 25.05 | 47.33 | 41.40 | 48.15 | 46.31 | 33.20 | 24.94 |
| Operating Profit | 3.65 | 3.54 | 2.92 | 2.40 | -1.60 | -7.24 | 3.93 | 3.34 | -0.03 | -14.35 | 5.55 | 1.19 |
| OPM % | 12.12% | 11.33% | 11.74% | 9.61% | -8.20% | -40.65% | 7.67% | 7.47% | -0.06% | -44.90% | 14.32% | 4.55% |
| Other Income | 0.02 | 0.02 | 0.60 | 0.06 | 0.23 | 19.11 | 0.07 | 0.01 | 0.04 | 0.02 | 0.04 | 0.41 |
| Interest | 2.38 | 2.41 | 2.78 | 2.52 | 2.17 | 2.43 | 2.65 | 2.31 | 2.39 | 1.90 | 1.68 | 1.75 |
| Depreciation | 0.46 | 0.69 | 0.54 | 0.63 | 0.63 | 0.58 | 0.55 | 0.57 | 0.66 | 0.68 | 0.61 | 0.62 |
| Profit before tax | 0.83 | 0.46 | 0.20 | -0.69 | -4.17 | 8.86 | 0.80 | 0.47 | -3.04 | -16.91 | 3.30 | -0.77 |
| Tax % | -286.75% | -8.70% | -560.00% | -28.99% | -27.82% | 27.99% | 23.75% | 53.19% | -26.32% | -27.74% | -1.82% | -46.75% |
| Net Profit | 3.21 | 0.49 | 1.32 | -0.49 | -3.00 | 6.38 | 0.60 | 0.22 | -2.24 | -12.22 | 3.36 | -0.41 |
| EPS in Rs | 0.87 | 0.13 | 0.36 | -0.13 | -0.81 | 1.73 | 0.16 | 0.06 | -0.61 | -3.31 | 0.91 | -0.11 |
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 110 | 101 | 132 | 158 | 163 | 150 | 173 | 131 | 128 | 114 | 164 | 145 |
| Expenses | 106 | 96 | 129 | 153 | 152 | 146 | 166 | 142 | 114 | 116 | 169 | 153 |
| Operating Profit | 4 | 4 | 3 | 5 | 11 | 4 | 7 | -11 | 14 | -2 | -6 | -8 |
| OPM % | 3.7% | 4.4% | 2.0% | 3.0% | 7% | 2.8% | 3.9% | -8% | 11% | -2.2% | -3.4% | -5% |
| Other Income | 3 | 6 | 9 | 3 | 7 | 2 | 1 | 1 | 1 | 19 | 0 | 1 |
| Interest | 4 | 4 | 5 | 7 | 10 | 10 | 11 | 10 | 10 | 10 | 8 | 8 |
| Depreciation | 2 | 1 | 1 | 1 | 2 | 1 | 1 | 1 | 2 | 2 | 3 | 3 |
| Profit before tax | 2 | 6 | 5 | 0 | 6 | -5 | -4 | -21 | 2 | 5 | -16 | -17 |
| Tax % | 0% | -378% | 76% | 1,508% | 112% | 11% | 15% | 12% | -163% | 27% | -33% | |
| Net Profit | 2 | 27 | 1 | -2 | -1 | -6 | -5 | -24 | 6 | 3 | -11 | -12 |
| EPS in Rs | 0.46 | 7.36 | 0.35 | -0.46 | -0.20 | -1.54 | -1.36 | -6.37 | 1.64 | 0.94 | -2.95 | -3.12 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| 10 Years | 5 Years | 3 Years | TTM | 1 Year | Last Year | |
|---|---|---|---|---|---|---|
| Compounded Sales Growth | 4% | 2% | 8% | 9% | ||
| Compounded Profit Growth | % | -41% | 15% | -374% | ||
| Stock Price CAGR | 11% | 25% | -2% | -24% | ||
| Return on Equity | % | % | % | -429% |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 |
| Reserves | -70 | -66 | 2 | 2 | 2 | 1 | -4 | -3 | -19 | -3 | 1 | -3 |
| Borrowings | 61 | 63 | 20 | 26 | 33 | 58 | 54 | 53 | 59 | 64 | 49 | 54 |
| Other Liabilities | 69 | 111 | 75 | 78 | 106 | 96 | 121 | 87 | 112 | 86 | 118 | 69 |
| Total Liabilities | 64 | 112 | 102 | 110 | 144 | 160 | 175 | 141 | 156 | 151 | 172 | 123 |
| Fixed Assets | 7 | 4 | 4 | 5 | 5 | 10 | 10 | 11 | 12 | 17 | 14 | 14 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 3 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Assets | 58 | 108 | 98 | 105 | 139 | 150 | 165 | 129 | 144 | 134 | 158 | 107 |
| Total Assets | 64 | 112 | 102 | 110 | 144 | 160 | 175 | 141 | 156 | 151 | 172 | 123 |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | 1 | 11 | 1 | -0 | 3 | -13 | 16 | 14 | -4 | -4 | 20 | -5 |
| Cash from Investing Activity | 1 | -0 | 0 | -2 | -2 | -5 | -2 | -2 | -2 | -1 | 7 | 5 |
| Cash from Financing Activity | -2 | -4 | -11 | -4 | -5 | -8 | 7 | -16 | 7 | 5 | -23 | -4 |
| Net Cash Flow | -0 | 6 | -9 | -6 | -5 | -26 | 21 | -4 | 0 | -0 | 5 | -5 |
| Free Cash Flow | 1 | 11 | 1 | -3 | 2 | -18 | 14 | 12 | -7 | -7 | 18 | -8 |
| CFO/OP | 17% | 283% | 26% | -17% | 22% | -113% | 384% | 214% | 30% | -34% | -709% | 54% |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 90 | 202 | 103 | 76 | 81 | 71 | 155 | 121 | 149 | 129 | 199 | 76 |
| Inventory Days | 242 | 129 | 148 | 165 | 83 | 96 | 59 | 47 | 245 | 182 | 302 | 103 |
| Days Payable | 327 | 270 | 423 | 416 | 360 | 380 | 459 | 354 | 551 | 401 | 756 | 326 |
| Cash Conversion Cycle | 5 | 61 | -173 | -175 | -196 | -213 | -245 | -187 | -157 | -91 | -256 | -148 |
| Working Capital Days | -271 | -160 | -45 | -21 | -45 | -3 | -30 | -29 | -53 | -18 | 10 | -6 |
| ROCE % | 71% | 38% | 20% | 32% | 9% | 12% | -22% | 23% | 25% | -15% |
| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Promoters | 75.00% | 75.00% | 75.00% | 75.00% | 75.00% | 75.00% | 75.00% | 75.00% | 75.00% | 75.00% | 75.00% | 75.00% |
| DIIs | 0.01% | 0.01% | 0.01% | 0.01% | 0.01% | 0.05% | 0.01% | 0.01% | 0.01% | 0.01% | 0.01% | 0.01% |
| Public | 24.99% | 24.98% | 24.98% | 24.98% | 24.98% | 24.94% | 25.00% | 24.99% | 25.00% | 24.99% | 24.99% | 24.99% |
| No. of Shareholders | 23,526 | 22,947 | 21,943 | 20,811 | 20,518 | 19,797 | 19,391 | 18,902 | 18,383 | 18,011 | 17,733 | 17,719 |
Fundamentals
Market Cap₹ 578 Cr.
Current Price₹ 156
Book Value₹ 0.10
ROCE-14.6 %
ROE-429 %
Dividend Yield0.00 %
Face Value₹ 1.00
Compounded Sales Growth (TTM)9%
Compounded Profit Growth (TTM)-374%
Standalone figures.
Valuation
Market capRs 577 Cr
Enterprise valueRs 631 Cr
Price to book1519.55x
Price to sales3.98x
EV / sales4.36x
Earnings yield-1.99%
P/E, 3-year average114.38x
P/B, 3-year average688.89x
P/E, 5-year average114.38x
P/B, 5-year average588.25x
Profitability
Operating margin (excl. other income)-3.37%
Operating margin (incl. other income)-3.30%
EBITDA margin-4.92%
Pre-tax margin-12.02%
Net profit margin-7.94%
Net margin, latest quarter-1.57%
ROE-429.19%
ROCE-14.60%
ROA-7.37%
ROE, 3-year average-129.88%
ROCE, 3-year average11.06%
ROA, 3-year average-0.42%
ROE, 5-year average-349.29%
ROCE, 5-year average4.58%
ROA, 5-year average-4.06%
ROIC (approx.)-11.98%
Tax rate32.80%
Other income / net worth28.95%
Growth
Sales growth (latest year)44.06%
Profit growth (latest year)-412.64%
Sales CAGR, 3 years7.57%
Sales CAGR, 5 years1.71%
Sales growth QoQ-32.57%
Profit growth QoQ-112.20%
Sales growth YoY (latest quarter)-41.60%
Profit growth YoY (latest quarter)-286.36%
Per share
EPS (TTM)Rs -3.12
EPS (latest year)Rs -2.95
EPS (latest quarter)Rs -0.11
EPS, 3-year averageRs -0.12
EPS, 5-year averageRs -1.62
Book value per shareRs 0.10
Sales per shareRs 39.26
Cash flow per shareRs -1.48
Free cash flow per shareRs -2.17
Efficiency
Asset turnover1.33x
Fixed asset turnover12.06x
Inventory turnover8.78x
Inventory days42 days
Debtor days76 days
Debtors turnover4.83x
Creditor days326 days
Cash conversion cycle-148 days
Working capital days-6 days
Leverage
Total debtRs 54 Cr
Net debtRs 54 Cr
Debt to equity142.13x
Interest coverage-1.26x
Owners' fund to total sources0.31%
Debt to assets43.76%
Cash flow
Cash from Operating Activity (latest year)Rs -5 Cr
Cash from Investing Activity (latest year)Rs 5 Cr
Cash from Financing Activity (latest year)Rs -4 Cr
Net Cash Flow (latest year)Rs -5 Cr
Free cash flow (latest year)Rs -8 Cr
FCFE (approx.: FCF + change in debt)Rs -3 Cr
Statement figures
Net sales (TTM)Rs 145 Cr
Net sales (latest year)Rs 164 Cr
Sales (latest quarter)Rs 26 Cr
Operating profit excl. other income (latest year)Rs -6 Cr
Operating profit (latest quarter)Rs 1 Cr
Other income (TTM)Rs 1 Cr
EBITDA (TTM)Rs -7 Cr
PBDT (TTM)Rs -15 Cr
Profit before tax (TTM)Rs -17 Cr
Tax (latest year)Rs -5 Cr
Net profit (TTM)Rs -12 Cr
Net profit (latest year)Rs -11 Cr
Net profit (latest quarter)Rs -0 Cr
Depreciation (TTM)Rs 3 Cr
Depreciation (latest quarter)Rs 1 Cr
Interest (TTM)Rs 8 Cr
Cost of goods sold (latest year)Rs 133 Cr
Total expenditure (latest year)Rs 169 Cr
Total income (latest year)Rs 164 Cr
Share capitalRs 4 Cr
ReservesRs -3 Cr
Shareholders' fundsRs 0 Cr
Total assetsRs 123 Cr
Net blockRs 14 Cr
Capital work in progressRs 3 Cr
ReceivablesRs 34 Cr
InventoryRs 15 Cr
Other liabilitiesRs 69 Cr
Shares outstanding (crore)3.69
Ownership
Promoter holding75.00% (+0.00 in a year)
Computed by MarketFriction from the standalone statements. Returns use average balances.
Not enough history to build valuation bands (needs two years of profits and prices).
| Period | 522134 | Nifty 50 | Difference |
|---|---|---|---|
| 1 week | -4.0% | -2.8% | -1.3 pts |
| 1 month | +3.1% | -6.8% | +9.9 pts |
| 3 months | -8.9% | -7.6% | -1.3 pts |
| 3 years | -6.8% | +14.2% | -21.0 pts |
| 5 years | +200.8% | +27.9% | +172.9 pts |
Red flags
F-score 3 of 8No red flags in the latest statements and filings.
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.
Latest quarter
Jun 2026Sales ₹26 Cr -41.6% vs Jun 2025.
Net loss ₹0 Cr.
Activity
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No bulk or block deals on record.
No corporate actions on record.
No announcements in our files yet.
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Not on any NSE surveillance list in the latest file.
Quick answers
What is the market cap of Artson Ltd?
Artson Ltd (522134) has a market capitalisation of Rs 578 Cr. at the 2026-10-01 close.
What were Artson Ltd's latest quarterly results?
In the Jun 2026 quarter, Artson Ltd sales was Rs 26 Cr (-41.6% vs Jun 2025) with a net loss of Rs 0 Cr.