Artemis Electricals & Projects Ltd
Incorporated in 2009, Artemis Electricals and Projects Ltd maufectures LED lights and deals in work contracts[1]
- Market Cap ₹ 529 Cr.
- Current Price ₹ 21.1
- High / Low ₹ 28.0 / 16.5
- Stock P/E 46.1
- Book Value ₹ 3.65
- Dividend Yield 0.02 %
- ROCE 11.7 %
- ROE 9.26 %
- Face Value ₹ 1.00
Pros
- Company has reduced debt.
- Company is almost debt free.
- Debtor days have improved from 262 to 126 days.
Cons
- Stock is trading at 5.77 times its book value
- Company has a low return on equity of 7.83% over last 3 years.
* 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 Electrical Equipment Other Electrical Equipment
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
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 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 7 | 9 | 45 | 47 | 89 | 102 | 107 | 45 | 34 | 58 | 41 | 72 | 91 | |
| 6 | 8 | 43 | 44 | 74 | 85 | 89 | 42 | 41 | 47 | 34 | 61 | 76 | |
| Operating Profit | 0 | 1 | 2 | 3 | 15 | 16 | 18 | 3 | -7 | 11 | 8 | 11 | 16 |
| OPM % | 5% | 6% | 5% | 7% | 17% | 16% | 17% | 8% | -21% | 19% | 19% | 15% | 17% |
| 0 | 0 | 0 | 0 | 0 | 0 | 2 | 0 | 0 | 0 | 0 | 1 | 1 | |
| Interest | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 1 | 6 | 2 | 1 | 0 | 0 |
| Depreciation | 0 | 0 | 0 | 0 | 1 | 2 | 2 | 2 | 2 | 2 | 1 | 1 | 1 |
| Profit before tax | 0 | 0 | 2 | 3 | 14 | 14 | 17 | 0 | -15 | 8 | 5 | 10 | 15 |
| Tax % | 21% | 29% | 26% | 38% | 33% | 27% | 26% | 68% | -21% | 16% | 25% | 25% | |
| 0 | 0 | 2 | 2 | 10 | 10 | 12 | 0 | -12 | 7 | 4 | 8 | 11 | |
| EPS in Rs | 0.07 | 0.13 | 0.35 | 0.40 | 2.15 | 0.58 | 0.51 | 0.01 | -0.47 | 0.26 | 0.16 | 0.31 | 0.45 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 23% |
| 5 Years: | -8% |
| 3 Years: | 28% |
| TTM: | 179% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 37% |
| 5 Years: | -8% |
| 3 Years: | 39% |
| TTM: | 272% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | 31% |
| 3 Years: | 20% |
| 1 Year: | -14% |
| Return on Equity | |
|---|---|
| 10 Years: | 8% |
| 5 Years: | 2% |
| 3 Years: | 8% |
| Last Year: | 9% |
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 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 2 | 2 | 4 | 4 | 4 | 18 | 25 | 25 | 25 | 25 | 25 | 25 | 25 |
| Reserves | -0 | 0 | 2 | 4 | 14 | 10 | 53 | 56 | 45 | 51 | 54 | 62 | 67 |
| 1 | 1 | 0 | 0 | 13 | 10 | 9 | 9 | 30 | 28 | 12 | 2 | 2 | |
| 1 | 1 | 7 | 11 | 36 | 29 | 40 | 21 | 26 | 23 | 19 | 33 | 42 | |
| Total Liabilities | 5 | 5 | 14 | 20 | 67 | 66 | 127 | 111 | 126 | 127 | 110 | 122 | 136 |
| 1 | 1 | 1 | 1 | 16 | 16 | 19 | 17 | 15 | 13 | 12 | 11 | 10 | |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 14 | 21 | 26 | 56 | 56 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 3 | 4 | 4 | 4 | 4 |
| 4 | 4 | 13 | 18 | 51 | 50 | 108 | 94 | 94 | 89 | 68 | 52 | 67 | |
| Total Assets | 5 | 5 | 14 | 20 | 67 | 66 | 127 | 111 | 126 | 127 | 110 | 122 | 136 |
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 0 | 1 | 1 | 1 | 3 | 7 | -34 | -3 | 2 | 12 | 21 | 41 | |
| 0 | -0 | -2 | -1 | -15 | -2 | -3 | 0 | -17 | -8 | -5 | -30 | |
| 0 | -0 | 0 | 0 | 11 | -4 | 36 | 3 | 16 | -4 | -17 | -10 | |
| Net Cash Flow | 0 | 1 | -1 | -0 | -0 | 0 | -1 | 0 | 0 | 0 | 0 | 1 |
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 | 110 | 83 | 51 | 78 | 102 | 61 | 224 | 410 | 571 | 205 | 456 | 126 |
| Inventory Days | 101 | 52 | 27 | 38 | 102 | 111 | 111 | 526 | 106 | 4 | 2 | 2 |
| Days Payable | 74 | 62 | 11 | 70 | 106 | 76 | 141 | 357 | 347 | 561 | 226 | 820 |
| Cash Conversion Cycle | 137 | 73 | 67 | 45 | 98 | 96 | 194 | 580 | 330 | -352 | 232 | -692 |
| Working Capital Days | 119 | 70 | 22 | 32 | 22 | 54 | 203 | 492 | 414 | -58 | 253 | 83 |
| ROCE % | 6% | 12% | 43% | 36% | 73% | 44% | 27% | 2% | -10% | 9% | 7% | 12% |
Documents
Announcements
-
Board Meeting Intimation for Intimation Pursuant To Regulation 30 Of SEBI (LODR) Regulations 2015.
1d - Board meeting on 03 February 2026 to consider appointing an Additional Independent Director, subject to approvals.
-
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
14 Jan - Certificate under Reg 74(5) for quarter ended Dec 31, 2025 on demat/remat details.
-
Announcement under Regulation 30 (LODR)-Change in Directorate
29 Dec 2025 - Mr. Krishnakumar Laxman Bangera ceased as Independent Director effective 30 Nov 2025 after completing second term.
- Closure of Trading Window 29 Dec 2025
-
Disclosure under Regulation 30A of LODR
15 Nov 2025 - Newspaper ad for standalone and consolidated unaudited results for quarter and half-year ended 30 Sep 2025.
Business Overview:[1][2]
AEAPL is in the business of product design, procurement, turnkey manufacturing, repairs and maintenance, etc. It is an OEM in India focused on providing solutions for all types of LED lighting and allied products.
Company supplies products to OEM partners viz. Bajaj. It also markets its own brand through stockiest, distributors & retailers’ chains in 5 states across 62 distributors. Further, company is also actively pursuing to enter export markets