Artson Ltd
Incorporated in 1978, Artson Engineering Ltd does supply of equipment, steel structure and site services for mechanical works[1]
- Market Cap ₹ 654 Cr.
- Current Price ₹ 177
- High / Low ₹ 220 / 127
- Stock P/E 156
- Book Value ₹ 1.27
- Dividend Yield 0.00 %
- ROCE 24.6 %
- ROE 125 %
- Face Value ₹ 1.00
Pros
- Company has reduced debt.
- Company is expected to give good quarter
Cons
- Stock is trading at 141 times its book value
- Though the company is reporting repeated profits, it is not paying out dividend
- Company has low interest coverage ratio.
- The company has delivered a poor sales growth of -6.97% over past five years.
- Earnings include an other income of Rs.19.4 Cr.
- Company has high debtors of 216 days.
- Company's cost of borrowing seems high
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Industrials Capital Goods Industrial Manufacturing Industrial Products
Quarterly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
79 | 65 | 110 | 101 | 132 | 158 | 163 | 150 | 173 | 131 | 128 | 114 | 133 | |
81 | 62 | 106 | 96 | 129 | 153 | 152 | 146 | 166 | 142 | 114 | 116 | 135 | |
Operating Profit | -2 | 3 | 4 | 4 | 3 | 5 | 11 | 4 | 7 | -11 | 14 | -2 | -2 |
OPM % | -3% | 5% | 4% | 4% | 2% | 3% | 7% | 3% | 4% | -8% | 11% | -2% | -1% |
0 | 0 | 3 | 6 | 9 | 3 | 7 | 2 | 1 | 1 | 1 | 19 | 19 | |
Interest | 5 | 3 | 4 | 4 | 5 | 7 | 10 | 10 | 11 | 10 | 10 | 10 | 10 |
Depreciation | 2 | 2 | 2 | 1 | 1 | 1 | 2 | 1 | 1 | 1 | 2 | 2 | 2 |
Profit before tax | -8 | -2 | 2 | 6 | 5 | 0 | 6 | -5 | -4 | -21 | 2 | 5 | 6 |
Tax % | 0% | 0% | 0% | -378% | 76% | 1,508% | 112% | 11% | 15% | 12% | -163% | 27% | |
-8 | -2 | 2 | 27 | 1 | -2 | -1 | -6 | -5 | -24 | 6 | 3 | 4 | |
EPS in Rs | -2.26 | -0.54 | 0.46 | 7.36 | 0.35 | -0.46 | -0.20 | -1.54 | -1.36 | -6.37 | 1.64 | 0.94 | 1.14 |
Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
Compounded Sales Growth | |
---|---|
10 Years: | 6% |
5 Years: | -7% |
3 Years: | -13% |
TTM: | 20% |
Compounded Profit Growth | |
---|---|
10 Years: | 14% |
5 Years: | 46% |
3 Years: | 39% |
TTM: | -7% |
Stock Price CAGR | |
---|---|
10 Years: | 13% |
5 Years: | 48% |
3 Years: | 31% |
1 Year: | 12% |
Return on Equity | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | % |
Last Year: | 125% |
Balance Sheet
Figures in Rs. Crores
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 |
Reserves | -67 | -70 | -66 | 2 | 2 | 2 | 1 | -4 | -3 | -19 | -3 | 1 |
61 | 61 | 63 | 20 | 26 | 33 | 58 | 54 | 53 | 59 | 64 | 49 | |
73 | 69 | 111 | 75 | 78 | 106 | 96 | 121 | 87 | 112 | 86 | 121 | |
Total Liabilities | 70 | 64 | 112 | 102 | 110 | 144 | 160 | 175 | 141 | 156 | 151 | 175 |
9 | 7 | 4 | 4 | 5 | 5 | 10 | 10 | 11 | 12 | 17 | 14 | |
CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
61 | 58 | 108 | 98 | 105 | 139 | 150 | 165 | 129 | 144 | 134 | 161 | |
Total Assets | 70 | 64 | 112 | 102 | 110 | 144 | 160 | 175 | 141 | 156 | 151 | 175 |
Cash Flows
Figures in Rs. Crores
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
11 | 1 | 11 | 1 | -0 | 3 | -13 | 16 | 14 | -4 | -4 | 20 | |
-0 | 1 | -0 | 0 | -2 | -2 | -5 | -2 | -2 | -2 | -1 | 7 | |
-10 | -2 | -4 | -11 | -4 | -5 | -8 | 7 | -16 | 7 | 5 | -23 | |
Net Cash Flow | 1 | -0 | 6 | -9 | -6 | -5 | -26 | 21 | -4 | 0 | -0 | 5 |
Ratios
Figures in Rs. Crores
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 46 | 90 | 202 | 103 | 76 | 81 | 71 | 155 | 121 | 149 | 129 | 216 |
Inventory Days | 283 | 242 | 129 | 148 | 165 | 83 | 96 | 59 | 47 | 245 | 182 | 122 |
Days Payable | 474 | 327 | 270 | 423 | 416 | 360 | 380 | 459 | 354 | 551 | 401 | 305 |
Cash Conversion Cycle | -145 | 5 | 61 | -173 | -175 | -196 | -213 | -245 | -187 | -157 | -91 | 32 |
Working Capital Days | -139 | -154 | -84 | -34 | 3 | -11 | 86 | 73 | 67 | 67 | 123 | 127 |
ROCE % | -85% | 71% | 38% | 20% | 32% | 9% | 12% | -22% | 23% | 25% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Newspaper Publication
1d - Newspaper Publication - The extract of the statement of Unaudited Financial Results for the 1st quarter ended 30th June 2025 - enclosed.
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UFR For The Q1 Ended 30Th June 2025.
2d - Q1 FY26 unaudited results: ₹21.59L profit, cost audit report, AGM notice issued.
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Board Meeting Outcome for Outcome Of Board Meeting And Un-Audited Financial Results For The 1St Quarter Ended 30Th June 2025.
2d - Q1 FY2026 results: ₹21.59L profit, cost audit report approved, AGM notice issued.
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Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
14 Jul - Confirmation certificate for securities dematerialisation for Q1 ended June 30, 2025 filed.
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Board Meeting Intimation for To Consider And Approve, Inter Alia The Un-Audited Financial Results (UFR) For The First Quarter Ended 30Th June 2025
14 Jul - Board meeting on 22 July 2025 to approve Q1 June 2025 un-audited financial results.
Annual reports
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Financial Year 2024
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
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Financial Year 2010
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Business Overview:[1]
AEL is a subsidiary of Tata Projects Ltd. It is a design, EPC company in the oil, gas and hydrocarbon processing industry, and is also engaged in structural fabrication works. Company specializez in tankages, piping and other mechanical packages. It used to bid for engineering procurement and construction (EPC) projects but has temporarily paused bidding for the same. However, AEL continues to secure EPC orders from TPL. Currently, company is focussing more on ship building and manufacturing activities