Artefact Projects Ltd

₹ 72.8 -1.66%

16 Jun - close price

About

Incorporated in 1987, Artefact Projects Ltd is engaged in project consultancy business in India^[1]

Key Points

Business Overview:^[1]
Company is an Infrastructure Services Consultancy Organization which provides Engineering, Architectural and Project Management services for Infrastructure Projects viz. Highways, Urban Infrastructure, Airports, Mining Services, and Railways

Website BSE

Market Cap ₹ 53.0 Cr.
Current Price ₹ 72.8
High / Low ₹ 89.7 / 52.0
Stock P/E 7.24
Book Value ₹ 90.3
Dividend Yield 0.00 %
ROCE 13.4 %
ROE 11.7 %
Face Value ₹ 10.0

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Pros

Stock is trading at 0.81 times its book value
Company is expected to give good quarter
Company has delivered good profit growth of 19.7% CAGR over last 5 years
Debtor days have improved from 228 to 149 days.
Company's working capital requirements have reduced from 494 days to 56.1 days

Cons

The company has delivered a poor sales growth of -1.19% over past five years.
Promoter holding is low: 39.1%
Tax rate seems low
Company has a low return on equity of 9.48% over last 3 years.
Earnings include an other income of Rs.4.02 Cr.
Promoter holding has decreased over last 3 years: -8.50%

* 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

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Detailed Comparison with:

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025
	4.41	4.47	4.07	4.17	5.23	4.23	6.44	6.38	7.12	3.12	6.85	7.33	12.74
	3.07	3.34	3.15	3.21	4.56	3.57	5.14	5.17	7.39	2.25	5.38	5.36	10.44
Operating Profit	1.34	1.13	0.92	0.96	0.67	0.66	1.30	1.21	-0.27	0.87	1.47	1.97	2.30
OPM %	30.39%	25.28%	22.60%	23.02%	12.81%	15.60%	20.19%	18.97%	-3.79%	27.88%	21.46%	26.88%	18.05%
	0.97	1.06	0.74	0.95	2.75	1.00	1.08	1.09	1.20	1.21	1.25	0.26	1.30
Interest	0.77	0.66	0.46	0.46	0.40	0.24	0.57	0.38	0.48	0.41	0.42	0.42	0.42
Depreciation	0.13	0.14	0.13	0.13	0.10	0.10	0.10	0.10	0.09	0.09	0.10	0.11	0.11
Profit before tax	1.41	1.39	1.07	1.32	2.92	1.32	1.71	1.82	0.36	1.58	2.20	1.70	3.07
Tax %	48.23%	20.14%	10.28%	13.64%	19.52%	3.03%	-11.70%	0.00%	38.89%	8.86%	19.09%	27.06%	2.93%
	0.72	1.11	0.96	1.14	2.36	1.27	1.91	1.82	0.22	1.44	1.78	1.24	2.98
EPS in Rs	0.99	1.53	1.32	1.57	3.24	1.75	2.63	2.50	0.30	1.98	2.45	1.70	4.10
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Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
	20.34	19.87	15.99	23.01	21.56	22.56	31.90	32.09	23.57	18.17	24.17	30.05
	15.56	15.69	12.72	20.31	21.69	18.60	26.10	27.40	18.63	14.72	21.29	23.44
Operating Profit	4.78	4.18	3.27	2.70	-0.13	3.96	5.80	4.69	4.94	3.45	2.88	6.61
OPM %	23.50%	21.04%	20.45%	11.73%	-0.60%	17.55%	18.18%	14.62%	20.96%	18.99%	11.92%	22.00%
	0.19	1.16	1.24	2.32	2.54	1.33	2.37	3.76	3.53	5.51	4.38	4.02
Interest	3.37	3.08	3.24	3.69	4.45	3.64	2.70	2.27	2.39	1.98	1.66	1.67
Depreciation	0.87	0.85	0.81	0.80	0.82	0.84	1.02	0.83	0.57	0.50	0.39	0.42
Profit before tax	0.73	1.41	0.46	0.53	-2.86	0.81	4.45	5.35	5.51	6.48	5.21	8.54
Tax %	87.67%	35.46%	97.83%	60.38%	8.39%	-62.96%	19.55%	26.54%	25.05%	17.59%	-0.38%	12.88%
	0.10	0.90	0.01	0.20	-3.10	1.32	3.59	3.92	4.14	5.34	5.23	7.43
EPS in Rs	0.18	1.63	0.02	0.36	-5.61	2.39	6.19	5.39	5.69	7.34	7.19	10.21
Dividend Payout %	414.75%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	4.90%

Compounded Sales Growth
10 Years:	4%
5 Years:	-1%
3 Years:	8%
TTM:	24%

Compounded Profit Growth
10 Years:	23%
5 Years:	20%
3 Years:	21%
TTM:	40%

Stock Price CAGR
10 Years:	9%
5 Years:	26%
3 Years:	15%
1 Year:	-1%

Return on Equity
10 Years:	6%
5 Years:	9%
3 Years:	9%
Last Year:	12%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

	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	5.53	5.53	5.53	5.53	5.53	5.53	5.80	7.28	7.28	7.28	7.28	7.28
Reserves	28.46	29.72	29.73	29.93	26.84	28.15	33.67	39.72	42.84	48.38	52.01	58.40
	18.81	15.16	18.51	16.71	17.93	17.42	9.53	16.28	18.35	11.80	10.08	14.64
	14.76	14.47	14.37	18.76	19.57	24.79	18.38	19.11	17.65	24.01	28.80	22.24
Total Liabilities	67.56	64.88	68.14	70.93	69.87	75.89	67.38	82.39	86.12	91.47	98.17	102.56
	24.65	23.77	22.87	22.28	21.85	21.19	17.04	16.28	15.71	11.82	11.87	13.24
CWIP	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Investments	10.40	10.40	4.90	10.90	12.90	12.90	12.90	13.16	13.19	13.06	13.06	0.16
	32.51	30.71	40.37	37.75	35.12	41.80	37.44	52.95	57.22	66.59	73.24	89.16
Total Assets	67.56	64.88	68.14	70.93	69.87	75.89	67.38	82.39	86.12	91.47	98.17	102.56

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
	6.11	4.05	-6.73	9.32	4.02	5.03	1.99	-6.78	-3.92	-1.24	-0.44	-19.02
	-0.42	0.83	6.26	-4.32	-1.41	-1.56	6.80	-0.91	4.14	8.95	3.83	16.00
	-4.65	-6.24	0.56	-4.86	-3.53	-4.91	-8.77	7.83	-0.32	-7.52	-3.39	2.89
Net Cash Flow	1.04	-1.36	0.09	0.14	-0.92	-1.43	0.02	0.13	-0.11	0.19	0.00	-0.14

Ratios

Standalone Figures in Rs. Crores / View Consolidated

	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	328.75	307.87	352.22	285.21	312.86	365.97	167.74	169.70	210.45	296.10	238.30	149.40
Inventory Days
Days Payable
Cash Conversion Cycle	328.75	307.87	352.22	285.21	312.86	365.97	167.74	169.70	210.45	296.10	238.30	149.40
Working Capital Days	60.29	111.50	428.69	222.87	167.43	242.36	229.64	350.44	573.90	800.51	625.95	56.12
ROCE %	7.81%	8.70%	7.31%	7.97%	3.10%	8.78%	12.79%	11.36%	11.99%	9.78%	10.03%	13.45%

Shareholding Pattern

Numbers in percentages

1 Recently

	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025
	43.71%	39.92%	39.09%	39.09%	39.09%	39.09%	39.09%	39.09%	39.09%	39.09%	39.09%	39.09%
	0.62%	0.41%	0.41%	0.41%	1.03%	0.69%	0.69%	0.69%	0.69%	0.34%	0.00%	0.00%
	55.67%	59.67%	60.50%	60.51%	59.88%	60.23%	60.23%	60.22%	60.23%	60.57%	60.91%	60.92%
No. of Shareholders	2,382	2,598	2,640	2,639	2,829	3,417	4,452	5,078	5,593	5,500	5,706	5,541

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
	54.50%	54.50%	54.50%	56.66%	48.95%	43.71%	39.09%	39.09%	39.09%
	0.00%	0.00%	0.00%	0.00%	0.00%	0.69%	0.41%	0.69%	0.00%
	0.00%	0.00%	0.00%	0.20%	0.00%	0.00%	0.00%	0.00%	0.00%
	0.00%	0.82%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
	45.50%	44.67%	45.50%	43.14%	51.05%	55.60%	60.51%	60.22%	60.92%
No. of Shareholders	1,960	1,741	1,713	1,542	1,736	2,349	2,639	5,078	5,541

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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Artefact Projects Ltd

Artefact Projects Ltd

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Cash Flows

Ratios

Shareholding Pattern

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