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 | 6.44 | 6.38 | 7.12 | 3.12 | 6.85 | 7.33 | 12.74 | 2.21 | 8.97 | 6.74 | 14.33 | 3.17 |
| Expenses | 5.14 | 5.17 | 7.39 | 2.25 | 5.38 | 5.36 | 7.39 | 1.64 | 7.24 | 5.16 | 13.19 | 2.04 |
| Operating Profit | 1.30 | 1.21 | -0.27 | 0.87 | 1.47 | 1.97 | 5.35 | 0.57 | 1.73 | 1.58 | 1.14 | 1.13 |
| OPM % | 20.19% | 18.97% | -3.79% | 27.88% | 21.46% | 26.88% | 41.99% | 25.79% | 19.29% | 23.44% | 7.96% | 35.65% |
| Other Income | 1.08 | 1.09 | 1.20 | 1.21 | 1.25 | 0.26 | 1.16 | 1.31 | 1.04 | 1.13 | 0.37 | 0.64 |
| Interest | 0.57 | 0.38 | 0.48 | 0.41 | 0.42 | 0.42 | 0.48 | 0.42 | 0.42 | 0.37 | 0.41 | 0.41 |
| Depreciation | 0.10 | 0.10 | 0.09 | 0.09 | 0.10 | 0.11 | 0.09 | 0.11 | 0.11 | 0.12 | 0.09 | 0.10 |
| Profit before tax | 1.71 | 1.82 | 0.36 | 1.58 | 2.20 | 1.70 | 5.94 | 1.35 | 2.24 | 2.22 | 1.01 | 1.26 |
| Tax % | -11.70% | 0.00% | 38.89% | 8.86% | 19.09% | 27.06% | 2.36% | 24.44% | 25.45% | 20.72% | 14.85% | 25.40% |
| Net Profit | 1.91 | 1.82 | 0.22 | 1.44 | 1.78 | 1.24 | 5.80 | 1.02 | 1.67 | 1.77 | 0.86 | 0.94 |
| EPS in Rs | 2.63 | 2.50 | 0.30 | 1.98 | 2.45 | 1.70 | 7.97 | 1.40 | 2.30 | 2.43 | 1.18 | 1.29 |
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 15.99 | 23.01 | 21.56 | 22.56 | 31.90 | 32.09 | 23.57 | 18.17 | 24.17 | 30.04 | 32.25 | 33.21 |
| Expenses | 12.72 | 20.31 | 21.69 | 18.60 | 26.10 | 27.40 | 18.63 | 14.72 | 21.29 | 23.42 | 27.22 | 27.63 |
| Operating Profit | 3.27 | 2.70 | -0.13 | 3.96 | 5.80 | 4.69 | 4.94 | 3.45 | 2.88 | 6.62 | 5.03 | 5.58 |
| OPM % | 20.45% | 11.73% | -0.60% | 17.55% | 18.18% | 14.62% | 20.96% | 18.99% | 11.92% | 22.04% | 15.60% | 16.80% |
| Other Income | 1.24 | 2.32 | 2.54 | 1.33 | 2.37 | 3.76 | 3.53 | 5.51 | 4.38 | 4.01 | 3.85 | 3.18 |
| Interest | 3.24 | 3.69 | 4.45 | 3.64 | 2.70 | 2.27 | 2.39 | 1.98 | 1.66 | 1.67 | 1.64 | 1.61 |
| Depreciation | 0.81 | 0.80 | 0.82 | 0.84 | 1.02 | 0.83 | 0.57 | 0.50 | 0.39 | 0.42 | 0.43 | 0.42 |
| Profit before tax | 0.46 | 0.53 | -2.86 | 0.81 | 4.45 | 5.35 | 5.51 | 6.48 | 5.21 | 8.54 | 6.81 | 6.73 |
| Tax % | 97.83% | 60.38% | 8.39% | -62.96% | 19.55% | 26.54% | 25.05% | 17.59% | -0.38% | 12.88% | 23.35% | |
| Net Profit | 0.01 | 0.20 | -3.10 | 1.32 | 3.59 | 3.92 | 4.14 | 5.34 | 5.23 | 7.43 | 5.23 | 5.24 |
| EPS in Rs | 0.02 | 0.36 | -5.61 | 2.39 | 6.19 | 5.39 | 5.69 | 7.34 | 7.19 | 10.21 | 7.19 | 7.20 |
| Dividend Payout % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 4.90% | 0.00% |
| 10 Years | 5 Years | 3 Years | TTM | 1 Year | Last Year | |
|---|---|---|---|---|---|---|
| Compounded Sales Growth | 7% | 0% | 21% | 14% | ||
| Compounded Profit Growth | 87% | 12% | 11% | -46% | ||
| Stock Price CAGR | 6% | 6% | -2% | -24% | ||
| Return on Equity | 6% | 9% | 9% | 8% |
| 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 | 5.53 | 5.53 | 5.53 | 5.53 | 5.53 | 5.80 | 7.28 | 7.28 | 7.28 | 7.28 | 7.28 | 7.28 |
| Reserves | 29.72 | 29.73 | 29.93 | 26.84 | 28.15 | 33.67 | 39.72 | 42.84 | 48.38 | 52.01 | 58.40 | 63.34 |
| Borrowings | 15.16 | 18.51 | 16.71 | 17.93 | 17.42 | 9.53 | 16.28 | 18.35 | 11.80 | 10.08 | 14.64 | 15.22 |
| Other Liabilities | 14.47 | 14.37 | 18.76 | 19.57 | 24.79 | 18.38 | 19.11 | 17.65 | 24.01 | 28.80 | 22.24 | 28.66 |
| Total Liabilities | 64.88 | 68.14 | 70.93 | 69.87 | 75.89 | 67.38 | 82.39 | 86.12 | 91.47 | 98.17 | 102.56 | 114.50 |
| Fixed Assets | 23.77 | 22.87 | 22.28 | 21.85 | 21.19 | 17.04 | 16.28 | 15.71 | 11.82 | 11.52 | 12.22 | 12.02 |
| CWIP | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.35 | 1.03 | 1.67 |
| Investments | 10.40 | 4.90 | 10.90 | 12.90 | 12.90 | 12.90 | 13.16 | 13.19 | 13.06 | 13.06 | 0.16 | 0.09 |
| Other Assets | 30.71 | 40.37 | 37.75 | 35.12 | 41.80 | 37.44 | 52.95 | 57.22 | 66.59 | 73.24 | 89.15 | 100.72 |
| Total Assets | 64.88 | 68.14 | 70.93 | 69.87 | 75.89 | 67.38 | 82.39 | 86.12 | 91.47 | 98.17 | 102.56 | 114.50 |
| 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 | 4.05 | -6.73 | 9.32 | 4.02 | 5.03 | 1.99 | -6.78 | -3.92 | -1.24 | -0.44 | -19.02 | -0.29 |
| Cash from Investing Activity | 0.83 | 6.26 | -4.32 | -1.41 | -1.56 | 6.80 | -0.91 | 4.14 | 8.95 | 3.83 | 16.00 | 1.43 |
| Cash from Financing Activity | -6.24 | 0.56 | -4.86 | -3.53 | -4.91 | -8.77 | 7.83 | -0.32 | -7.52 | -3.39 | 2.89 | -1.05 |
| Net Cash Flow | -1.36 | 0.09 | 0.14 | -0.92 | -1.43 | 0.02 | 0.13 | -0.11 | 0.19 | 0.00 | -0.14 | 0.09 |
| Free Cash Flow | 3.89 | -6.75 | 9.11 | 3.62 | 4.85 | 6.09 | -5.47 | -3.93 | 3.97 | -0.88 | -20.81 | -1.17 |
| CFO/OP | 43% | -135% | 350% | -3,100% | 127% | 7% | -231% | -96% | -36% | -15% | -287% | -6% |
| 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 | 307.87 | 352.22 | 285.21 | 312.86 | 365.97 | 167.74 | 169.70 | 210.45 | 296.10 | 238.30 | 149.45 | 185.73 |
| Inventory Days | 446.81 | |||||||||||
| Days Payable | 1,319.45 | |||||||||||
| Cash Conversion Cycle | 307.87 | 352.22 | 285.21 | 312.86 | 365.97 | 167.74 | 169.70 | 210.45 | 296.10 | 238.30 | 149.45 | -686.92 |
| Working Capital Days | -52.90 | 224.16 | 92.64 | -2.54 | 70.38 | 121.17 | 231.35 | 377.08 | 675.36 | 473.73 | 229.04 | 279.32 |
| ROCE % | 8.70% | 7.31% | 7.97% | 3.10% | 8.78% | 12.79% | 11.36% | 11.99% | 9.78% | 10.03% | 13.45% | 10.22% |
| 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 | 39.09% | 39.09% | 39.09% | 39.09% | 39.09% | 39.09% | 39.09% | 39.09% | 39.09% | 39.09% | 39.09% | 39.09% |
| FIIs | 0.69% | 0.69% | 0.69% | 0.69% | 0.34% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Public | 60.23% | 60.23% | 60.22% | 60.23% | 60.57% | 60.91% | 60.92% | 60.91% | 60.91% | 60.91% | 60.91% | 60.91% |
| No. of Shareholders | 3,417 | 4,452 | 5,078 | 5,593 | 5,500 | 5,706 | 5,541 | 5,799 | 5,720 | 5,559 | 5,344 | 5,253 |
Fundamentals
Market Cap₹ 39.3 Cr.
Current Price₹ 54.0
Stock P/E7.45
Book Value₹ 97.1
ROCE10.2 %
ROE7.72 %
Dividend Yield0.92 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)14%
Compounded Profit Growth (TTM)-46%
Standalone figures.
Valuation
Market capRs 38 Cr
Enterprise valueRs 51 Cr
P/E (TTM)7.33x
Price to book0.54x
Price to sales1.16x
EV / EBITDA5.87x
EV / EBIT6.16x
EV / sales1.55x
Earnings yield13.64%
P/E, 3-year average8.95x
P/B, 3-year average0.80x
P/E, 5-year average8.48x
P/B, 5-year average0.75x
Profitability
Operating margin (excl. other income)15.60%
Operating margin (incl. other income)27.53%
EBITDA margin26.38%
Pre-tax margin20.27%
Net profit margin15.78%
Net margin, latest quarter29.65%
ROE7.67%
ROCE10.17%
ROA4.82%
ROE, 3-year average9.55%
ROCE, 3-year average11.28%
ROA, 3-year average5.91%
ROE, 5-year average9.46%
ROCE, 5-year average11.66%
ROA, 5-year average5.73%
ROIC (approx.)7.65%
Tax rate23.35%
Other income / net worth5.45%
Growth
Sales growth (latest year)7.36%
Profit growth (latest year)-29.61%
Sales CAGR, 3 years21.08%
Sales CAGR, 5 years0.10%
Profit CAGR, 3 years-0.69%
Profit CAGR, 5 years5.94%
Sales growth QoQ-77.88%
Profit growth QoQ9.30%
Sales growth YoY (latest quarter)43.44%
Profit growth YoY (latest quarter)-7.84%
Per share
EPS (TTM)Rs 7.20
EPS (latest year)Rs 7.19
EPS (latest quarter)Rs 1.29
EPS, 3-year averageRs 8.20
EPS, 5-year averageRs 7.52
Book value per shareRs 97.07
Sales per shareRs 45.65
Cash flow per shareRs -0.40
Free cash flow per shareRs -1.61
Dividend per share, 3-year averageRs 0.49
Dividend per share, 5-year averageRs 0.49
Dividends
Dividend payout, 3-year average4.85%
Dividend payout, 5-year average4.85%
Efficiency
Asset turnover0.28x
Fixed asset turnover2.68x
Inventory turnover6.46x
Inventory days57 days
Debtor days186 days
Debtors turnover1.97x
Creditor days1319 days
Cash conversion cycle-687 days
Working capital days279 days
Leverage
Total debtRs 15 Cr
Cash and bankRs 2 Cr
Net debtRs 13 Cr
Debt to equity0.22x
Net debt / EBITDA1.48x
Interest coverage5.18x
Owners' fund to total sources61.68%
Debt to assets13.29%
Cash flow
Cash from Operating Activity (latest year)Rs -0 Cr
Cash from Investing Activity (latest year)Rs 1 Cr
Cash from Financing Activity (latest year)Rs -1 Cr
Net Cash Flow (latest year)Rs 0 Cr
Free cash flow (latest year)Rs -1 Cr
FCFE (approx.: FCF + change in debt)Rs -1 Cr
Cash from ops / profit, 5 years-0.91x
Statement figures
Net sales (TTM)Rs 33 Cr
Net sales (latest year)Rs 32 Cr
Sales (latest quarter)Rs 3 Cr
Operating profit excl. other income (latest year)Rs 5 Cr
Operating profit (latest quarter)Rs 1 Cr
Other income (TTM)Rs 3 Cr
EBITDA (TTM)Rs 9 Cr
PBDT (TTM)Rs 7 Cr
Profit before tax (TTM)Rs 7 Cr
Tax (latest year)Rs 2 Cr
Net profit (TTM)Rs 5 Cr
Net profit (latest year)Rs 5 Cr
Net profit (latest quarter)Rs 1 Cr
Depreciation (TTM)Rs 0 Cr
Depreciation (latest quarter)Rs 0 Cr
Interest (TTM)Rs 2 Cr
Cost of goods sold (latest year)Rs 14 Cr
Total expenditure (latest year)Rs 27 Cr
Total income (latest year)Rs 36 Cr
Share capitalRs 7 Cr
ReservesRs 63 Cr
Shareholders' fundsRs 71 Cr
Total assetsRs 114 Cr
Net blockRs 12 Cr
Capital work in progressRs 2 Cr
InvestmentsRs 0 Cr
ReceivablesRs 16 Cr
InventoryRs 2 Cr
Other liabilitiesRs 29 Cr
Shares outstanding (crore)0.73
Ownership
Promoter holding39.09% (+0.00 in a year)
Computed by MarketFriction from the standalone statements. Returns use average balances.
P/E 7.3 is at the 32th percentile of its own 8.4-year range
(median 9.6, low 4.0, high 182.2).
P/B 0.54 is at the 4th percentile (median 0.75).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
| Period | 531297 | Nifty 50 | Difference |
|---|---|---|---|
| 1 week | -1.3% | -2.8% | +1.5 pts |
| 1 month | -1.1% | -6.8% | +5.7 pts |
| 3 months | -3.0% | -7.6% | +4.6 pts |
| 3 years | -4.2% | +14.2% | -18.3 pts |
| 5 years | +39.9% | +27.9% | +12.0 pts |
Red flags
F-score 3 of 8| explain | Weak cash conversion Cash from operations was -110% of net profit over the last 3 years |
| explain | Receivables outrunning sales Receivables grew 33% vs sales +7% in 2026 |
| look | Profit leans on other income Other income was 57% of pre-tax profit in 2026 |
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 ₹3 Cr +43.4% vs Jun 2025.
Net profit ₹1 Cr -7.8%.
Activity
Compare| Company | Mcap (Cr) | P/E | ROCE |
|---|---|---|---|
| Lords Mark Industries Limited | 3,623 | 42.7 | 13.4 % |
| IIRM Holdings India Ltd | 823 | 33.5 | 20.4 % |
| Qualitek Labs Ltd | 711 | 51.8 | 12.1 % |
| Monarch Surveyors and Engineering Consultants Ltd | 358 | 9.60 | 28.5 % |
| Ekansh Concepts Ltd | 302 | 1.43 % | |
| Likhami Consulting Ltd | 297 | 929 | 0.89 % |
| EKI Energy Services Ltd | 273 | -6.15 % | |
| Marc Technocrats Ltd | 256 | 24.3 | 29.2 % |
| Mitcon Consultancy & Engineering Services Ltd | 144 | 14.8 | 8.83 % |
| AAA Technologies Ltd | 129 | 62.0 | 8.96 % |
| Techknowgreen Solutions Ltd | 98 | 10.1 | 28.2 % |
| Dhruv Consultancy Services Ltd | 39 | -32.5 % | |
| Invigorated Business Consulting Ltd | 37 | % | |
| Walchand Peoplefirst Ltd | 36 | 8.00 | 15.7 % |
| DMR Engineering Ltd | 31 | 21.9 | 18.9 % |
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 Artefact Projects Ltd?
Artefact Projects Ltd (531297) has a market capitalisation of Rs 39.3 Cr. at the 2026-10-01 close.
What is the P/E ratio of Artefact Projects Ltd?
Artefact Projects Ltd trades at a P/E of 7.45 on trailing twelve-month profit, at the 2026-10-01 close.
What were Artefact Projects Ltd's latest quarterly results?
In the Jun 2026 quarter, Artefact Projects Ltd sales was Rs 3 Cr (+43.4% vs Jun 2025) and net profit was Rs 1 Cr.