MarketFriction

Artemis Electricals & Projects Ltd

NSE AEPL · BSE 542670 · Other Electrical Equipment
₹15.34 +1.05%
NSE close2026-10-01
52 week range13.25 - 20.25
Market cap₹366 Cr.
P/E41.6
ASM long-term Price band 20% Delivery 76.8%

Price

Drag to pan, scroll or pinch to zoom. Ruler (or Shift + drag) measures a move.Dashed lines: 52 week high and low. Prices adjusted for splits and bonuses.

Financials

Standalone, Rs crore
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales13.5713.972.4612.384.0218.4537.4919.7515.804.2640.7516.27
Expenses11.0811.501.4511.582.6614.5132.4317.5411.082.9636.5314.08
Operating Profit2.492.471.010.801.363.945.062.214.721.304.222.19
OPM %18.35%17.68%41.06%6.46%33.83%21.36%13.50%11.19%29.87%30.52%10.36%13.46%
Other Income0.000.000.120.110.080.000.390.000.340.050.270.00
Interest0.420.300.100.080.070.070.060.060.050.050.040.04
Depreciation0.350.350.340.290.300.300.290.250.250.250.250.22
Profit before tax1.721.820.690.541.073.575.101.904.761.054.201.93
Tax %23.84%25.27%24.64%25.93%25.23%23.25%25.49%27.89%25.00%20.00%26.43%32.12%
Net Profit1.321.370.520.400.802.753.811.373.560.843.101.31
EPS in Rs0.050.050.020.020.030.110.150.050.140.030.120.05
Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales45.3147.2489.48101.77106.9244.9534.3358.2241.3672.3580.5677.08
Expenses42.8844.1374.4585.4788.9041.5341.4447.1733.6361.1968.1164.65
Operating Profit2.433.1115.0316.3018.023.42-7.1111.057.7311.1612.4512.43
OPM %5.36%6.58%16.80%16.02%16.85%7.61%-20.71%18.98%18.69%15.43%15.45%16.13%
Other Income0.030.000.040.461.880.160.000.000.120.580.670.66
Interest0.210.010.370.981.180.805.891.700.990.280.210.18
Depreciation0.170.240.521.791.772.281.901.611.381.181.010.97
Profit before tax2.082.8614.1813.9916.950.50-14.907.745.4810.2811.9011.94
Tax %25.96%38.11%32.51%27.16%26.37%68.00%-21.41%15.89%25.18%25.19%25.63%
Net Profit1.551.779.5610.1912.490.16-11.716.514.107.698.868.81
EPS in Rs0.350.402.150.580.510.01-0.470.260.160.310.350.34
Dividend Payout %0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth6%12%11%-3%
Compounded Profit Growth19%118%11%1%
Stock Price CAGR%22%-5%-41%
Return on Equity8%4%8%10%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital2.394.444.444.4417.7024.7025.1025.1025.1025.1025.1025.10
Reserves0.072.244.0113.669.8753.1156.0844.5451.0654.1461.7370.56
Borrowings1.280.350.4413.029.629.148.5930.2127.9112.242.471.71
Other Liabilities1.386.7510.8036.2029.0039.8921.1826.2523.4118.6233.0144.68
Total Liabilities5.1213.7819.6967.3266.19126.84110.95126.10127.48110.10122.31142.05
Fixed Assets1.181.191.3316.3116.4619.2116.8414.9513.4312.0510.889.87
CWIP0.000.000.000.000.000.000.0014.1621.1825.8455.5555.55
Investments0.000.000.000.000.000.000.003.203.743.743.743.74
Other Assets3.9412.5918.3651.0149.73107.6394.1193.7989.1368.4752.1472.89
Total Assets5.1213.7819.6967.3266.19126.84110.95126.10127.48110.10122.31142.05
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity0.920.800.773.366.74-33.75-2.621.6311.6721.2440.6113.62
Cash from Investing Activity-0.19-1.59-0.87-14.87-1.93-3.180.03-17.36-7.66-4.55-29.150.42
Cash from Financing Activity-0.090.040.0711.48-4.3036.422.5915.73-4.00-16.66-10.17-0.97
Net Cash Flow0.65-0.74-0.03-0.020.50-0.510.000.000.000.031.2913.06
Free Cash Flow0.710.620.39-12.144.81-36.92-2.60-12.534.5516.5810.9013.62
CFO/OP167%39%26%23%51%-154%39%-35%134%269%378%122%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days83.1650.7577.57102.0661.08223.98410.39571.26205.01455.72126.32183.77
Inventory Days51.7927.0437.76101.74111.11110.76526.09105.614.132.151.782.39
Days Payable61.7710.7270.49106.0375.73140.59356.67347.18561.09225.89820.291,323.21
Cash Conversion Cycle73.1867.0744.8597.7796.46194.15579.80329.69-351.95231.98-692.19-1,137.05
Working Capital Days69.6422.4831.6021.8253.94202.57491.84413.91-57.68252.9282.9956.14
ROCE %12.41%42.53%36.06%72.73%43.83%27.03%1.54%-9.50%9.26%6.62%11.68%12.97%
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters72.41%72.45%72.45%72.45%72.45%72.45%72.45%72.45%72.45%72.45%72.45%72.45%
Public27.59%27.56%27.54%27.55%27.55%27.55%27.55%27.55%27.55%27.54%27.54%27.54%
No. of Shareholders7,75117,01220,18919,70819,78920,87621,01220,73919,83819,23118,80618,850

Fundamentals

Market Cap₹ 366 Cr.
Current Price₹ 14.7
Stock P/E41.6
Book Value₹ 3.81
ROCE13.0 %
ROE9.71 %
Dividend Yield0.03 %
Face Value₹ 1.00
Compounded Sales Growth (TTM)-3%
Compounded Profit Growth (TTM)1%
Standalone figures.
Valuation
Market capRs 385 Cr
Enterprise valueRs 372 Cr
P/E (TTM)43.71x
Price to book4.03x
Price to sales5.00x
EV / EBITDA28.45x
EV / EBIT30.72x
EV / sales4.83x
Price to cash flow28.27x
Earnings yield2.29%
P/E, 3-year average104.94x
P/B, 3-year average6.68x
P/E, 5-year average92.06x
P/B, 5-year average4.96x
Profitability
Operating margin (excl. other income)15.45%
Operating margin (incl. other income)16.29%
EBITDA margin16.98%
Pre-tax margin15.49%
Net profit margin11.43%
Net margin, latest quarter8.05%
ROE9.71%
ROCE12.97%
ROA6.70%
ROE, 3-year average8.08%
ROCE, 3-year average10.42%
ROA, 3-year average5.59%
ROE, 5-year average3.53%
ROCE, 5-year average6.21%
ROA, 5-year average2.41%
ROIC (approx.)10.87%
Tax rate25.63%
Other income / net worth0.70%
Growth
Sales growth (latest year)11.35%
Profit growth (latest year)15.21%
Sales CAGR, 3 years11.43%
Sales CAGR, 5 years12.38%
Profit CAGR, 3 years10.82%
Profit CAGR, 5 years123.18%
Sales growth QoQ-60.07%
Profit growth QoQ-57.74%
Sales growth YoY (latest quarter)-17.62%
Profit growth YoY (latest quarter)-4.38%
Per share
EPS (TTM)Rs 0.35
EPS (latest year)Rs 0.35
EPS (latest quarter)Rs 0.05
EPS, 3-year averageRs 0.27
EPS, 5-year averageRs -0.72
Book value per shareRs 3.81
Sales per shareRs 3.07
Cash flow per shareRs 0.54
Free cash flow per shareRs 0.54
Efficiency
Asset turnover0.57x
Fixed asset turnover8.16x
Inventory turnover942.57x
Inventory days0 days
Debtor days184 days
Debtors turnover1.99x
Creditor days1323 days
Cash conversion cycle-1137 days
Working capital days56 days
Leverage
Total debtRs 2 Cr
Cash and bankRs 14 Cr
Net debtRs -13 Cr
Debt to equity0.02x
Net debt / EBITDA-0.97x
Interest coverage67.33x
Owners' fund to total sources67.34%
Debt to assets1.20%
Cash flow
Cash from Operating Activity (latest year)Rs 14 Cr
Cash from Investing Activity (latest year)Rs 0 Cr
Cash from Financing Activity (latest year)Rs -1 Cr
Net Cash Flow (latest year)Rs 13 Cr
Free cash flow (latest year)Rs 14 Cr
FCFE (approx.: FCF + change in debt)Rs 13 Cr
Cash from ops / profit, 5 years5.75x
Sales to cash flow5.91x
Statement figures
Net sales (TTM)Rs 77 Cr
Net sales (latest year)Rs 81 Cr
Sales (latest quarter)Rs 16 Cr
Operating profit excl. other income (latest year)Rs 12 Cr
Operating profit (latest quarter)Rs 2 Cr
Other income (TTM)Rs 1 Cr
EBITDA (TTM)Rs 13 Cr
PBDT (TTM)Rs 13 Cr
Profit before tax (TTM)Rs 12 Cr
Tax (latest year)Rs 3 Cr
Net profit (TTM)Rs 9 Cr
Net profit (latest year)Rs 9 Cr
Net profit (latest quarter)Rs 1 Cr
Depreciation (TTM)Rs 1 Cr
Depreciation (latest quarter)Rs 0 Cr
Interest (TTM)Rs 0 Cr
Cost of goods sold (latest year)Rs 66 Cr
Total expenditure (latest year)Rs 68 Cr
Total income (latest year)Rs 81 Cr
Share capitalRs 25 Cr
ReservesRs 71 Cr
Shareholders' fundsRs 96 Cr
Total assetsRs 142 Cr
Net blockRs 10 Cr
Capital work in progressRs 56 Cr
InvestmentsRs 4 Cr
ReceivablesRs 41 Cr
InventoryRs 0 Cr
Other liabilitiesRs 45 Cr
Shares outstanding (crore)25.10
Ownership
Promoter holding72.45% (+0.00 in a year)
Computed by MarketFriction from the standalone statements. Returns use average balances.
P/E 43.7 is at the 44th percentile of its own 5.5-year range (median 45.8, low 7.4, high 265.8).
P/B 4.03 is at the 39th percentile (median 5.27).
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.
PeriodAEPLNifty 50Difference
1 week-4.9%-2.8% -2.1 pts
1 month+1.7%-6.8% +8.4 pts
3 months-10.3%-7.6% -2.7 pts
6 months+9.6%+0.4% +9.2 pts
3 years-9.8%+14.2% -23.9 pts
5 years+170.5%+27.9% +142.7 pts

Red flags

F-score 6 of 8
explainReceivables outrunning sales Receivables grew 62% vs sales +11% in 2026
lookOn NSE surveillance On NSE surveillance: ASM long-term
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 2026
Sales ₹16 Cr -17.6% vs Jun 2025. Net profit ₹1 Cr -4.4%.

Activity

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No bulk or block deals on record.
No corporate actions on record.
DateTypeWhat it says
2026-10-01Shareholder meetingVoting results of Annual General Meeting held on September 30, 2026
2026-10-01Shareholder meetingArtemis Electricals and Projects Limited has submitted the Exchange a copy Srutinizers report of Annual General Meeting held on September 30, 2026
2026-09-30Shareholder meetingProceedings of Annual General Meeting held on September 30, 2026
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.
Long Term Additional Surveillance Measure (Long Term ASM): stage 1
Data: NSE and BSE daily reports, company filings. Numbers only, not investment advice, not a SEBI-registered research service.Updated 2026-10-03