Artemis Electricals & Projects Ltd
Incorporated in 2009, Artemis Electricals and Projects Ltd maufectures LED lights and deals in work contracts[1]
- Market Cap ₹ 441 Cr.
- Current Price ₹ 17.5
- High / Low ₹ 28.0 / 16.5
- Stock P/E 46.4
- Book Value ₹ 3.62
- Dividend Yield 0.03 %
- ROCE 11.6 %
- ROE 9.19 %
- Face Value ₹ 1.00
Pros
- Company has reduced debt.
- Company is almost debt free.
- Debtor days have improved from 256 to 121 days.
Cons
- Stock is trading at 4.85 times its book value
- Company has a low return on equity of 7.65% 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
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|
| 34.33 | 58.22 | 41.36 | 72.35 | 77.30 | |
| 41.48 | 47.18 | 33.63 | 61.19 | 64.01 | |
| Operating Profit | -7.15 | 11.04 | 7.73 | 11.16 | 13.29 |
| OPM % | -20.83% | 18.96% | 18.69% | 15.43% | 17.19% |
| 0.00 | 0.00 | 0.12 | 0.58 | 0.78 | |
| Interest | 5.89 | 1.70 | 0.99 | 0.28 | 0.22 |
| Depreciation | 2.27 | 1.92 | 1.64 | 1.34 | 1.20 |
| Profit before tax | -15.31 | 7.42 | 5.22 | 10.12 | 12.65 |
| Tax % | -21.49% | 15.50% | 25.10% | 25.20% | |
| -12.02 | 6.28 | 3.90 | 7.56 | 9.50 | |
| EPS in Rs | -0.48 | 0.25 | 0.16 | 0.30 | 0.37 |
| Dividend Payout % | 0.00% | 0.00% | 0.00% | 0.00% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 28% |
| TTM: | 107% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 38% |
| TTM: | 121% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | 30% |
| 3 Years: | 19% |
| 1 Year: | -13% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 8% |
| Last Year: | 9% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|
| Equity Capital | 25.10 | 25.10 | 25.10 | 25.10 | 25.10 |
| Reserves | 44.23 | 50.51 | 53.40 | 60.86 | 65.71 |
| 30.21 | 27.91 | 12.24 | 2.47 | 2.09 | |
| 27.94 | 24.11 | 19.32 | 33.29 | 43.12 | |
| Total Liabilities | 127.48 | 127.63 | 110.06 | 121.72 | 136.02 |
| 18.60 | 17.32 | 15.68 | 14.34 | 13.73 | |
| CWIP | 14.16 | 21.18 | 25.84 | 55.55 | 55.55 |
| Investments | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| 94.72 | 89.13 | 68.54 | 51.83 | 66.74 | |
| Total Assets | 127.48 | 127.63 | 110.06 | 121.72 | 136.02 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|
| 1.63 | 11.67 | 21.24 | 41.19 | |
| -17.36 | -7.66 | -4.55 | -29.73 | |
| 15.73 | -4.00 | -16.66 | -10.17 | |
| Net Cash Flow | 0.00 | 0.00 | 0.03 | 1.29 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|
| Debtor Days | 571.26 | 198.80 | 446.90 | 121.33 |
| Inventory Days | 112.70 | 18.92 | 8.77 | 14.51 |
| Days Payable | 347.18 | 561.09 | 225.89 | 820.29 |
| Cash Conversion Cycle | 336.78 | -343.37 | 229.77 | -684.45 |
| Working Capital Days | 400.62 | -65.51 | 241.89 | 76.58 |
| ROCE % | 8.98% | 6.39% | 11.61% |
Insights
In beta| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|
| Number of Permanent Employees Number ・Standalone data |
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| Work Contract Income Proportion Rs. Lakhs |
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| Lithium-Ion Battery Plant Capital WIP Rs. Lakhs ・Includes some standalone data |
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Documents
Announcements
-
Intimation Of Listing Of Equity Shares Of Artemis Electricals And Projects Limited ('The Company') On National Stock Exchange Of India Limited ('NSE')
10 Mar - NSE approves listing of 25,10,36,900 equity shares effective March 12, 2026.
-
Announcement under Regulation 30 (LODR)-Change in Management
16 Feb - Mr. Deepak Kumar redesignated Chairperson; Krishnakumar ceased; committees reconstituted effective 03 Feb 2026.
-
Announcement under Regulation 30 (LODR)-Newspaper Publication
14 Feb - Newspaper Advertisement publication of Standalone and Consolidated Unaudited Financial Results for the quarter ended 31st December, 2025
- Outcome Of Board Meeting Held On 12Th February, 2026 12 Feb
-
Board Meeting Outcome for Outcome Of Board Meeting Held On 12Th February, 2026
12 Feb - Board approved unaudited standalone and consolidated results for quarter ended 31-Dec-2025; disclosed EIPL lithium-ion plant, commissioning by Mar 2027.
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