Artefact Projects Ltd

Artefact Projects Ltd

₹ 74.7 -2.46%
28 May - 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

  • Market Cap 54.3 Cr.
  • Current Price 74.7
  • High / Low 111 / 45.6
  • Stock P/E 10.4
  • Book Value 81.5
  • Dividend Yield 0.00 %
  • ROCE 9.95 %
  • ROE 9.08 %
  • Face Value 10.0

Pros

  • Company has reduced debt.
  • Stock is trading at 0.92 times its book value
  • Company is expected to give good quarter
  • Company has delivered good profit growth of 31.6% CAGR over last 5 years

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • The company has delivered a poor sales growth of 1.39% over past five years.
  • Promoter holding is low: 39.1%
  • Tax rate seems low
  • Company has a low return on equity of 8.31% over last 3 years.
  • Earnings include an other income of Rs.4.38 Cr.
  • Company has high debtors of 238 days.
  • Promoter holding has decreased over last 3 years: -9.86%

* 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

Sector: Miscellaneous Industry: Miscellaneous

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
8.17 7.38 5.92 5.86 4.41 4.47 4.07 4.17 5.23 4.23 6.44 6.38 7.12
8.63 6.20 4.52 4.84 3.07 3.34 3.15 3.21 4.56 3.57 5.14 5.17 7.39
Operating Profit -0.46 1.18 1.40 1.02 1.34 1.13 0.92 0.96 0.67 0.66 1.30 1.21 -0.27
OPM % -5.63% 15.99% 23.65% 17.41% 30.39% 25.28% 22.60% 23.02% 12.81% 15.60% 20.19% 18.97% -3.79%
1.58 0.72 0.87 0.97 0.97 1.06 0.74 0.95 2.75 1.00 1.08 1.09 1.20
Interest 0.20 0.49 1.18 0.62 0.77 0.66 0.46 0.46 0.40 0.24 0.57 0.38 0.48
Depreciation 0.15 0.15 0.14 0.15 0.13 0.14 0.13 0.13 0.10 0.10 0.10 0.10 0.09
Profit before tax 0.77 1.26 0.95 1.22 1.41 1.39 1.07 1.32 2.92 1.32 1.71 1.82 0.36
Tax % 61.04% 17.46% 15.79% 25.41% 48.23% 20.14% 10.28% 13.64% 19.52% 3.03% -11.70% 0.00% 38.89%
0.29 1.04 0.79 0.91 0.72 1.11 0.96 1.14 2.36 1.27 1.91 1.82 0.22
EPS in Rs 0.40 1.43 1.09 1.25 0.99 1.53 1.32 1.57 3.24 1.75 2.63 2.50 0.30
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
14.12 20.34 19.87 15.99 23.01 21.56 22.56 31.90 32.09 23.57 18.17 24.17
9.51 15.56 15.69 12.72 20.31 21.69 18.60 26.10 27.40 18.63 14.72 21.29
Operating Profit 4.61 4.78 4.18 3.27 2.70 -0.13 3.96 5.80 4.69 4.94 3.45 2.88
OPM % 32.65% 23.50% 21.04% 20.45% 11.73% -0.60% 17.55% 18.18% 14.62% 20.96% 18.99% 11.92%
0.38 0.19 1.16 1.24 2.32 2.54 1.33 2.37 3.76 3.53 5.51 4.38
Interest 3.27 3.37 3.08 3.24 3.69 4.45 3.64 2.70 2.27 2.39 1.98 1.66
Depreciation 1.04 0.87 0.85 0.81 0.80 0.82 0.84 1.02 0.83 0.57 0.50 0.39
Profit before tax 0.68 0.73 1.41 0.46 0.53 -2.86 0.81 4.45 5.35 5.51 6.48 5.21
Tax % 33.82% 87.67% 35.46% 97.83% 60.38% -8.39% -62.96% 19.55% 26.54% 25.05% 17.59% -0.38%
0.44 0.10 0.90 0.01 0.20 -3.10 1.32 3.59 3.92 4.14 5.34 5.23
EPS in Rs 0.80 0.18 1.63 0.02 0.36 -5.61 2.39 6.19 5.39 5.69 7.34 7.19
Dividend Payout % 94.26% 414.75% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Compounded Sales Growth
10 Years: 2%
5 Years: 1%
3 Years: -9%
TTM: 33%
Compounded Profit Growth
10 Years: 47%
5 Years: 32%
3 Years: 21%
TTM: 36%
Stock Price CAGR
10 Years: 12%
5 Years: 20%
3 Years: 30%
1 Year: 40%
Return on Equity
10 Years: 5%
5 Years: 8%
3 Years: 8%
Last Year: 9%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 5.53 5.53 5.53 5.53 5.53 5.53 5.53 5.80 7.28 7.28 7.28 7.28
Reserves 28.36 28.46 29.72 29.73 29.93 26.84 28.15 32.49 39.72 42.84 48.38 52.01
20.09 18.81 15.16 18.51 16.71 17.93 17.42 9.53 16.28 18.35 12.80 10.08
9.19 14.76 14.47 14.37 18.76 19.57 24.79 19.56 19.11 17.65 23.01 28.80
Total Liabilities 63.17 67.56 64.88 68.14 70.93 69.87 75.89 67.38 82.39 86.12 91.47 98.17
25.06 24.65 23.77 22.87 22.28 21.85 21.19 17.04 16.28 15.71 11.82 11.87
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 10.40 4.90 10.90 12.90 12.90 12.90 13.16 13.19 13.06 13.06
27.71 32.51 30.71 40.37 37.75 35.12 41.80 37.44 52.95 57.22 66.59 73.24
Total Assets 63.17 67.56 64.88 68.14 70.93 69.87 75.89 67.38 82.39 86.12 91.47 98.17

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
2.82 6.11 4.05 -6.73 9.32 4.02 5.03 1.99 -6.78 -3.92 -1.24 -0.44
-3.92 -0.42 0.83 6.26 -4.32 -1.41 -1.56 6.80 -0.91 4.14 8.95 3.83
0.63 -4.65 -6.24 0.56 -4.86 -3.53 -4.91 -8.77 7.83 -0.32 -7.52 -3.39
Net Cash Flow -0.47 1.04 -1.36 0.09 0.14 -0.92 -1.43 0.02 0.13 -0.11 0.19 0.00

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 407.14 328.75 307.87 352.22 285.21 312.86 365.97 167.74 169.70 210.45 296.10 238.30
Inventory Days
Days Payable
Cash Conversion Cycle 407.14 328.75 307.87 352.22 285.21 312.86 365.97 167.74 169.70 210.45 296.10 238.30
Working Capital Days 271.17 60.29 111.50 428.69 222.87 167.43 242.36 229.64 350.44 573.90 820.60 625.95
ROCE % 7.39% 7.81% 8.70% 7.31% 7.97% 3.10% 8.78% 12.94% 11.49% 11.99% 9.71%

Shareholding Pattern

Numbers in percentages

1 Recently
Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
48.95% 48.95% 47.59% 43.71% 43.71% 39.92% 39.09% 39.09% 39.09% 39.09% 39.09% 39.09%
0.00% 0.00% 0.69% 0.69% 0.62% 0.41% 0.41% 0.41% 1.03% 0.69% 0.69% 0.69%
51.05% 51.05% 51.72% 55.60% 55.67% 59.67% 60.50% 60.51% 59.88% 60.23% 60.23% 60.22%
No. of Shareholders 1,7231,9242,0552,3492,3822,5982,6402,6392,8293,4174,4525,078

* 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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