Art Nirman Ltd
Incorporated in 2011, Art Nirman Ltd is in the business of real estate development and allied activities[1]
- Market Cap ₹ 96.0 Cr.
- Current Price ₹ 38.5
- High / Low ₹ 67.0 / 29.4
- Stock P/E 246
- Book Value ₹ 14.9
- Dividend Yield 0.00 %
- ROCE 5.85 %
- ROE 1.40 %
- Face Value ₹ 10.0
Pros
Cons
- Stock is trading at 2.58 times its book value
- Though the company is reporting repeated profits, it is not paying out dividend
- Company has low interest coverage ratio.
- Company has a low return on equity of 3.41% over last 3 years.
- Company has high debtors of 212 days.
- Working capital days have increased from 689 days to 1,098 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
Consumer Discretionary Realty Realty Residential, Commercial Projects
Quarterly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 24.31 | 25.46 | 34.51 | 18.89 | 62.12 | 81.13 | 36.83 | 19.72 | 34.29 | 27.39 | 33.24 | 33.84 | |
| -0.96 | 23.04 | 24.28 | 27.02 | 8.91 | 53.77 | 78.54 | 46.74 | 18.75 | 32.25 | 24.11 | 28.28 | 28.94 | |
| Operating Profit | 0.96 | 1.27 | 1.18 | 7.49 | 9.98 | 8.35 | 2.59 | -9.91 | 0.97 | 2.04 | 3.28 | 4.96 | 4.90 |
| OPM % | 5.22% | 4.63% | 21.70% | 52.83% | 13.44% | 3.19% | -26.91% | 4.92% | 5.95% | 11.98% | 14.92% | 14.48% | |
| 0.01 | 0.02 | 0.26 | 0.47 | 0.62 | 0.11 | 0.14 | 0.06 | 0.03 | 0.35 | 0.40 | 0.36 | 0.35 | |
| Interest | 0.89 | 0.47 | 0.41 | 5.54 | 7.99 | 6.47 | 1.99 | 0.45 | 0.21 | 0.57 | 1.13 | 4.19 | 4.20 |
| Depreciation | 0.08 | 0.09 | 0.34 | 0.82 | 0.76 | 0.75 | 0.73 | 0.71 | 0.71 | 0.68 | 0.58 | 0.48 | 0.48 |
| Profit before tax | 0.00 | 0.73 | 0.69 | 1.60 | 1.85 | 1.24 | 0.01 | -11.01 | 0.08 | 1.14 | 1.97 | 0.65 | 0.57 |
| Tax % | 30.14% | 47.83% | 30.00% | 29.19% | 33.87% | -100.00% | -0.09% | -37.50% | -2.63% | -1.52% | 20.00% | ||
| 0.02 | 0.51 | 0.37 | 1.12 | 1.32 | 0.82 | 0.02 | -11.00 | 0.11 | 1.18 | 1.99 | 0.52 | 0.39 | |
| EPS in Rs | 20.00 | 1.28 | 0.49 | 1.47 | 1.08 | 0.33 | 0.01 | -4.41 | 0.04 | 0.47 | 0.80 | 0.21 | 0.16 |
| 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: | 3% |
| 5 Years: | -16% |
| 3 Years: | 19% |
| TTM: | 45% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 0% |
| 5 Years: | 92% |
| 3 Years: | 68% |
| TTM: | -74% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | 5% |
| 3 Years: | -9% |
| 1 Year: | -22% |
| Return on Equity | |
|---|---|
| 10 Years: | -1% |
| 5 Years: | -4% |
| 3 Years: | 3% |
| Last Year: | 1% |
Balance Sheet
Figures in Rs. Crores
| 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 | 0.01 | 4.00 | 7.60 | 7.60 | 12.18 | 24.96 | 24.96 | 24.96 | 24.96 | 24.96 | 24.96 | 24.96 |
| Reserves | 0.03 | 0.51 | 6.28 | 7.40 | 16.65 | 20.02 | 20.04 | 9.05 | 9.16 | 10.34 | 12.33 | 12.28 |
| 12.15 | 2.14 | 17.85 | 62.17 | 50.13 | 33.76 | 4.95 | 0.23 | 2.53 | 2.92 | 18.06 | 72.96 | |
| 11.93 | 11.52 | 43.06 | 33.69 | 75.44 | 59.38 | 13.26 | 10.74 | 15.23 | 14.96 | 13.46 | 32.17 | |
| Total Liabilities | 24.12 | 18.17 | 74.79 | 110.86 | 154.40 | 138.12 | 63.21 | 44.98 | 51.88 | 53.18 | 68.81 | 142.37 |
| 0.61 | 0.71 | 9.72 | 9.16 | 8.62 | 7.87 | 7.18 | 6.48 | 5.78 | 5.11 | 4.56 | 4.11 | |
| 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 | 0.00 | 0.00 | 0.00 | 0.00 | 0.30 | 0.32 | 0.34 | 0.32 | 0.00 | 0.00 | 0.00 | 0.00 |
| 23.51 | 17.46 | 65.07 | 101.70 | 145.48 | 129.93 | 55.69 | 38.18 | 46.10 | 48.07 | 64.25 | 138.26 | |
| Total Assets | 24.12 | 18.17 | 74.79 | 110.86 | 154.40 | 138.12 | 63.21 | 44.98 | 51.88 | 53.18 | 68.81 | 142.37 |
Cash Flows
Figures in Rs. Crores
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 0.13 | 1.76 | -41.40 | -13.80 | 23.44 | -7.21 | 19.81 | 9.30 | -7.30 | 1.59 | -13.41 | -47.30 | |
| -0.01 | -0.21 | -9.10 | 0.28 | 0.46 | 0.36 | 0.19 | -0.06 | 0.25 | -1.13 | -0.42 | -0.92 | |
| 0.06 | -1.36 | 52.68 | 12.77 | -23.47 | 6.35 | -20.55 | -5.17 | 2.09 | -0.18 | 13.45 | 50.72 | |
| Net Cash Flow | 0.18 | 0.20 | 2.18 | -0.75 | 0.43 | -0.50 | -0.56 | 4.06 | -4.96 | 0.28 | -0.38 | 2.50 |
| Free Cash Flow | 0.11 | 1.55 | -50.75 | -14.06 | 23.30 | -7.22 | 19.78 | 9.29 | -7.31 | 1.62 | -13.44 | -47.33 |
| CFO/OP | 14% | 155% | -3,488% | -179% | 240% | -82% | 764% | -94% | -753% | 78% | -409% | -954% |
Ratios
| 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 | 0.00 | 109.10 | 200.74 | 470.50 | 122.80 | 63.57 | 177.99 | 425.90 | 35.34 | 33.18 | 212.48 | |
| Inventory Days | 342.64 | 1,255.58 | 2,907.50 | 1,108.74 | 168.71 | 82.59 | 581.00 | 356.24 | ||||
| Days Payable | 21.05 | 215.31 | 380.83 | 104.99 | 17.78 | 15.86 | 272.84 | 125.95 | ||||
| Cash Conversion Cycle | 321.59 | 1,149.36 | 2,727.41 | 470.50 | 1,126.55 | 214.50 | 244.73 | 734.05 | 265.63 | 33.18 | 212.48 | |
| Working Capital Days | 129.27 | 672.66 | 605.72 | 935.20 | 371.35 | 206.46 | 269.66 | 641.16 | 322.32 | 646.18 | 1,097.85 | |
| ROCE % | 9.72% | 12.74% | 5.73% | 13.11% | 12.60% | 9.78% | 3.11% | -25.09% | 0.82% | 4.57% | 6.63% | 5.85% |
Insights
In beta| Sep 2016 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|
| Number of Employees (excluding Directors) count |
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| Number of Ongoing Projects count |
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| Total Units in Ongoing Projects count |
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| Land Bank Area for Ongoing Projects sq. mtr. |
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| Project Completion Percentage % |
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Extracted by Screener AI
Documents
Announcements
-
Shareholders meeting
- 15th AGM resolutions passed, including borrowing and loan limits up to INR 300 crore.
-
Shareholders meeting
- Art Nirman Limited has informed regarding Proceedings of Annual General Meeting held on September 26, 2026
-
Trading Window
- Art Nirman Limited has informed regarding the Trading Window closure pursuant to SEBI (Prohibition of Insider Trading) Regulations, 2015
-
Reply to Clarification- Financial results
- Revised XBRL submitted for June 2026 quarter financial results.
-
Copy of Newspaper Publication
- Submitted newspaper advertisements for 15th AGM e-voting notice published in Financial Express and Gujarati newspapers.
Annual reports
-
Annual Report 2026
from nse
-
Annual Report 2025
from nse
-
Annual Report 2024
from nse
-
Annual Report 2023
from nse
-
Annual Report 2022
from nse
Business Overview:[1]
ANL in the business of infrastructure and real estate development in residential, commercial and Plotting projects. Its residential projects range from Affordable housing to luxurious flat and towers and luxorious bungalows. Company's commercial projects comprise premium office spaces and showrooms and shops