Artemis Electricals & Projects Ltd

Artemis Electricals & Projects Ltd

₹ 36.1 1.86%
24 Apr 12:05 p.m.
About

Artemis Electricals & Projects Ltd is engaged in the manufacturing and trading of LED lighting and lighting accessories. [1]

Key Points

Products
The product portfolio of the company consists of LED Focus Lights, “MOON” LED Surface Lights, LED Spot Light, LED AC Street Lights, LED Plastic Body Panel Lights, and “APOLLO” LED Downlights. [1]

  • Market Cap 907 Cr.
  • Current Price 36.1
  • High / Low 72.4 / 12.5
  • Stock P/E 72.5
  • Book Value 3.08
  • Dividend Yield 0.00 %
  • ROCE 9.26 %
  • ROE 8.93 %
  • Face Value 1.00

Pros

  • Company has reduced debt.
  • Company is expected to give good quarter
  • Company's working capital requirements have reduced from 358 days to 96.9 days

Cons

  • Stock is trading at 11.7 times its book value
  • The company has delivered a poor sales growth of -8.24% over past five years.
  • Company has a low return on equity of -2.20% over last 3 years.
  • Company might be capitalizing the interest cost
  • Company has high debtors of 205 days.

* 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.

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
4.28 8.02 2.40 15.00 5.00 11.93 4.96 1.53 20.75 30.98 11.36 13.57 13.97
5.39 5.85 1.55 14.45 12.74 12.72 5.49 1.09 15.86 24.72 9.60 11.08 11.50
Operating Profit -1.11 2.17 0.85 0.55 -7.74 -0.79 -0.53 0.44 4.89 6.26 1.76 2.49 2.47
OPM % -25.93% 27.06% 35.42% 3.67% -154.80% -6.62% -10.69% 28.76% 23.57% 20.21% 15.49% 18.35% 17.68%
0.01 0.05 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Interest 0.18 0.19 0.19 1.05 1.92 2.72 2.93 3.27 1.23 -5.73 0.18 0.42 0.30
Depreciation 0.57 0.55 0.47 0.46 0.44 0.52 0.40 0.40 0.41 0.40 0.34 0.35 0.35
Profit before tax -1.85 1.48 0.19 -0.96 -10.10 -4.03 -3.86 -3.23 3.25 11.59 1.24 1.72 1.82
Tax % 24.86% 39.19% 21.05% 17.71% 24.75% 13.90% 22.54% 43.03% 25.23% 23.04% 28.23% 23.84% 25.27%
-1.39 0.89 0.14 -0.78 -7.60 -3.46 -2.99 -1.84 2.43 8.92 0.90 1.32 1.37
EPS in Rs -0.06 0.04 0.01 -0.03 -0.30 -0.14 -0.12 -0.07 0.10 0.36 0.04 0.05 0.05
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
1 6 7 9 45 47 89 102 107 45 34 58 70
2 5 6 8 43 44 74 85 89 42 41 47 57
Operating Profit -1 1 0 1 2 3 15 16 18 3 -7 11 13
OPM % -90% 13% 5% 6% 5% 7% 17% 16% 17% 8% -21% 19% 19%
0 0 0 0 0 0 0 0 2 0 0 0 0
Interest 0 0 0 0 0 0 0 1 1 1 6 2 -5
Depreciation 0 0 0 0 0 0 1 2 2 2 2 2 1
Profit before tax -1 1 0 0 2 3 14 14 17 0 -15 8 16
Tax % 31% 31% 21% 29% 26% 38% 33% 27% 26% 68% 21% 16%
-1 1 0 0 2 2 10 10 12 0 -12 7 13
EPS in Rs -0.38 0.37 0.07 0.13 0.35 0.40 2.15 0.58 0.51 0.01 -0.47 0.26 0.50
Dividend Payout % 0% 14% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: 27%
5 Years: -8%
3 Years: -18%
TTM: 78%
Compounded Profit Growth
10 Years: 29%
5 Years: -7%
3 Years: -17%
TTM: 313%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: 114%
1 Year: 108%
Return on Equity
10 Years: 9%
5 Years: 6%
3 Years: -2%
Last Year: 9%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 1 1 2 2 4 4 4 18 25 25 25 25 25
Reserves -1 -0 -0 0 2 4 14 10 53 56 45 51 52
0 2 1 1 0 0 13 10 9 9 30 28 24
2 1 1 1 7 11 36 29 40 21 26 23 26
Total Liabilities 3 4 5 5 14 20 67 66 127 111 126 127 128
1 1 1 1 1 1 16 16 19 17 15 13 13
CWIP 0 0 0 0 0 0 0 0 0 0 14 21 26
Investments 0 0 0 0 0 0 0 0 0 0 3 4 4
2 3 4 4 13 18 51 50 108 94 94 89 85
Total Assets 3 4 5 5 14 20 67 66 127 111 126 127 128

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
0 0 0 1 1 1 3 7 -34 -3 2 12
0 0 0 -0 -2 -1 -15 -2 -3 0 -17 -8
0 0 0 -0 0 0 11 -4 36 3 16 -4
Net Cash Flow 0 0 0 1 -1 -0 -0 0 -1 0 0 0

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 174 121 110 83 51 78 102 61 224 410 571 205
Inventory Days 101 52 27 38 102 111 111 526 106 4
Days Payable 74 62 11 70 106 76 141 357 347 561
Cash Conversion Cycle 174 121 137 73 67 45 98 96 194 580 330 -352
Working Capital Days 361 137 119 70 22 32 45 65 214 523 453 97
ROCE % -139% 39% 6% 12% 43% 36% 73% 44% 27% 2% -10% 9%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
67.97% 72.18% 72.18% 72.23% 72.23% 72.22% 72.22% 72.22% 72.22% 72.41% 72.45% 72.45%
6.96% 0.30% 0.30% 0.30% 0.30% 0.30% 0.30% 0.30% 0.26% 0.00% 0.00% 0.00%
25.08% 27.52% 27.52% 27.48% 27.48% 27.49% 27.48% 27.49% 27.51% 27.59% 27.56% 27.54%
No. of Shareholders 1,3921,2231,2981,3411,3791,3601,3081,6462,3137,75117,01220,189

* 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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