Artemis Electricals & Projects Ltd
Incorporated in 2009, Artemis Electricals and Projects Ltd maufectures LED lights and deals in work contracts[1]
- Market Cap ₹ 439 Cr.
- Current Price ₹ 17.5
- High / Low ₹ 27.4 / 13.0
- Stock P/E 49.9
- Book Value ₹ 3.81
- Dividend Yield 0.03 %
- ROCE 13.0 %
- ROE 9.71 %
- Face Value ₹ 1.00
Pros
- Company has reduced debt.
- Company is almost debt free.
- Company's working capital requirements have reduced from 131 days to 55.9 days
Cons
- Stock is trading at 4.59 times its book value
- Company has a low return on equity of 8.19% over last 3 years.
- Company has high debtors of 184 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.
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 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 8.91 | 45.31 | 47.24 | 89.48 | 101.77 | 106.92 | 44.95 | 34.33 | 58.22 | 41.36 | 72.35 | 80.56 | 77.08 | |
| 8.34 | 42.88 | 44.13 | 74.45 | 85.47 | 88.90 | 41.53 | 41.44 | 47.17 | 33.63 | 61.19 | 68.11 | 64.65 | |
| Operating Profit | 0.57 | 2.43 | 3.11 | 15.03 | 16.30 | 18.02 | 3.42 | -7.11 | 11.05 | 7.73 | 11.16 | 12.45 | 12.43 |
| OPM % | 6.40% | 5.36% | 6.58% | 16.80% | 16.02% | 16.85% | 7.61% | -20.71% | 18.98% | 18.69% | 15.43% | 15.45% | 16.13% |
| 0.03 | 0.03 | 0.00 | 0.04 | 0.46 | 1.88 | 0.16 | 0.00 | 0.00 | 0.12 | 0.58 | 0.67 | 0.66 | |
| Interest | 0.00 | 0.21 | 0.01 | 0.37 | 0.98 | 1.18 | 0.80 | 5.89 | 1.70 | 0.99 | 0.28 | 0.21 | 0.18 |
| Depreciation | 0.15 | 0.17 | 0.24 | 0.52 | 1.79 | 1.77 | 2.28 | 1.90 | 1.61 | 1.38 | 1.18 | 1.01 | 0.97 |
| Profit before tax | 0.45 | 2.08 | 2.86 | 14.18 | 13.99 | 16.95 | 0.50 | -14.90 | 7.74 | 5.48 | 10.28 | 11.90 | 11.94 |
| Tax % | 28.89% | 25.96% | 38.11% | 32.51% | 27.16% | 26.37% | 68.00% | -21.41% | 15.89% | 25.18% | 25.19% | 25.63% | |
| 0.32 | 1.55 | 1.77 | 9.56 | 10.19 | 12.49 | 0.16 | -11.71 | 6.51 | 4.10 | 7.69 | 8.86 | 8.81 | |
| EPS in Rs | 0.13 | 0.35 | 0.40 | 2.15 | 0.58 | 0.51 | 0.01 | -0.47 | 0.26 | 0.16 | 0.31 | 0.35 | 0.34 |
| Dividend Payout % | 0.00% | 0.00% | 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: | 6% |
| 5 Years: | 12% |
| 3 Years: | 11% |
| TTM: | -3% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 19% |
| 5 Years: | 118% |
| 3 Years: | 11% |
| TTM: | 1% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | 24% |
| 3 Years: | 6% |
| 1 Year: | -33% |
| Return on Equity | |
|---|---|
| 10 Years: | 8% |
| 5 Years: | 4% |
| 3 Years: | 8% |
| Last Year: | 10% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 2.39 | 4.44 | 4.44 | 4.44 | 17.70 | 24.70 | 25.10 | 25.10 | 25.10 | 25.10 | 25.10 | 25.10 |
| Reserves | 0.07 | 2.24 | 4.01 | 13.66 | 9.87 | 53.11 | 56.08 | 44.54 | 51.06 | 54.14 | 61.73 | 70.56 |
| 1.28 | 0.35 | 0.44 | 13.02 | 9.62 | 9.14 | 8.59 | 30.21 | 27.91 | 12.24 | 2.47 | 1.71 | |
| 1.38 | 6.75 | 10.80 | 36.20 | 29.00 | 39.89 | 21.18 | 26.25 | 23.41 | 18.62 | 33.02 | 44.21 | |
| Total Liabilities | 5.12 | 13.78 | 19.69 | 67.32 | 66.19 | 126.84 | 110.95 | 126.10 | 127.48 | 110.10 | 122.32 | 141.58 |
| 1.18 | 1.19 | 1.33 | 16.31 | 16.46 | 19.21 | 16.84 | 14.95 | 13.43 | 12.05 | 10.88 | 9.86 | |
| CWIP | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 14.16 | 21.18 | 25.84 | 55.55 | 55.55 |
| Investments | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 3.20 | 3.74 | 3.74 | 3.74 | 3.74 |
| 3.94 | 12.59 | 18.36 | 51.01 | 49.73 | 107.63 | 94.11 | 93.79 | 89.13 | 68.47 | 52.15 | 72.43 | |
| Total Assets | 5.12 | 13.78 | 19.69 | 67.32 | 66.19 | 126.84 | 110.95 | 126.10 | 127.48 | 110.10 | 122.32 | 141.58 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 0.92 | 0.80 | 0.77 | 3.36 | 6.74 | -33.75 | -2.62 | 1.63 | 11.67 | 21.24 | 41.19 | 14.02 | |
| -0.19 | -1.59 | -0.87 | -14.87 | -1.93 | -3.18 | 0.03 | -17.36 | -7.66 | -4.55 | -29.73 | 0.01 | |
| -0.09 | 0.04 | 0.07 | 11.48 | -4.30 | 36.42 | 2.59 | 15.73 | -4.00 | -16.66 | -10.17 | -0.97 | |
| Net Cash Flow | 0.65 | -0.74 | -0.03 | -0.02 | 0.50 | -0.51 | 0.00 | 0.00 | 0.00 | 0.03 | 1.29 | 13.06 |
| Free Cash Flow | 0.71 | 0.62 | 0.39 | -12.14 | 4.81 | -36.92 | -2.60 | -12.53 | 4.55 | 16.58 | 11.48 | 14.02 |
| CFO/OP | 167% | 39% | 26% | 23% | 51% | -154% | 39% | -35% | 134% | 269% | 384% | 125% |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 83.16 | 50.75 | 77.57 | 102.06 | 61.08 | 223.98 | 410.39 | 571.26 | 205.01 | 455.72 | 126.32 | 183.77 |
| Inventory Days | 51.79 | 27.04 | 37.76 | 101.74 | 111.11 | 110.76 | 526.09 | 105.61 | 4.13 | 2.15 | 1.78 | 2.39 |
| Days Payable | 61.77 | 10.72 | 70.49 | 106.03 | 75.73 | 140.59 | 356.67 | 347.18 | 561.09 | 225.89 | 820.29 | 1,323.21 |
| Cash Conversion Cycle | 73.18 | 67.07 | 44.85 | 97.77 | 96.46 | 194.15 | 579.80 | 329.69 | -351.95 | 231.98 | -692.19 | -1,137.05 |
| Working Capital Days | 69.64 | 22.48 | 31.60 | 21.82 | 53.94 | 202.57 | 491.84 | 413.91 | -57.68 | 252.92 | 82.89 | 55.91 |
| ROCE % | 12.41% | 42.53% | 36.06% | 72.73% | 43.83% | 27.03% | 1.54% | -9.50% | 9.26% | 6.62% | 11.68% | 12.97% |
Insights
In beta| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|
| Permanent Employees Number of employees |
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| Work Contract Revenue Share % of total revenue from operations |
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| Top Customer (Garuda Construction) Revenue Share % of total revenue from operations |
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| Subcontracting Expenses INR Lakhs |
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| Number of Distributors Number |
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| States with Distributor Presence Number |
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Extracted by Screener AI
Documents
Announcements
-
Reg. 34 (1) Annual Report.
- 17th AGM on 30 Sep 2026; annual report submitted; book closure 23-30 Sep 2026.
- Submission Of Notice Of The 17Th Annual General Meeting Of Artemis Electricals And Projects Limited.
- Announcement under Regulation 30 (LODR)-Newspaper Publication
-
Announcement under Regulation 30 (LODR)-Change in Management
- Board approved secretarial auditor appointment for five years and fixed AGM on September 30, 2026.
-
Board Meeting Outcome for Outcome Of Board Meeting Held Today I.E., Friday, September 4, 2026
- Board approved secretarial auditor appointment for FY27-FY31; AGM on September 30, 2026.
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