Art Nirman Ltd
Incorporated in 2011, Art Nirman Ltd is in the business of real estate development and allied activities[1]
- Market Cap ₹ 147 Cr.
- Current Price ₹ 58.9
- High / Low ₹ 97.7 / 39.7
- Stock P/E 73.9
- Book Value ₹ 14.9
- Dividend Yield 0.00 %
- ROCE 6.63 %
- ROE 5.48 %
- Face Value ₹ 10.0
Pros
- Debtor days have improved from 165 to 33.2 days.
Cons
- Stock is trading at 3.94 times its book value
- Though the company is reporting repeated profits, it is not paying out dividend
- The company has delivered a poor sales growth of -15.1% over past five years.
- Tax rate seems low
- Company has a low return on equity of 3.09% 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
Consumer Discretionary Realty Realty Residential, Commercial Projects
Quarterly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00 | 24.31 | 25.46 | 34.51 | 18.89 | 62.12 | 81.13 | 36.83 | 19.72 | 34.29 | 27.39 | |
-0.15 | -0.96 | 23.04 | 24.28 | 27.02 | 8.91 | 53.77 | 78.54 | 46.74 | 18.75 | 32.25 | 24.11 | |
Operating Profit | 0.15 | 0.96 | 1.27 | 1.18 | 7.49 | 9.98 | 8.35 | 2.59 | -9.91 | 0.97 | 2.04 | 3.28 |
OPM % | 5.22% | 4.63% | 21.70% | 52.83% | 13.44% | 3.19% | -26.91% | 4.92% | 5.95% | 11.98% | ||
0.01 | 0.01 | 0.02 | 0.26 | 0.47 | 0.62 | 0.11 | 0.14 | 0.06 | 0.03 | 0.35 | 0.40 | |
Interest | 0.09 | 0.89 | 0.47 | 0.41 | 5.54 | 7.99 | 6.47 | 1.99 | 0.45 | 0.21 | 0.57 | 1.13 |
Depreciation | 0.02 | 0.08 | 0.09 | 0.34 | 0.82 | 0.76 | 0.75 | 0.73 | 0.71 | 0.71 | 0.68 | 0.58 |
Profit before tax | 0.05 | 0.00 | 0.73 | 0.69 | 1.60 | 1.85 | 1.24 | 0.01 | -11.01 | 0.08 | 1.14 | 1.97 |
Tax % | 40.00% | 30.14% | 47.83% | 30.00% | 29.19% | 33.87% | -100.00% | -0.09% | -37.50% | -2.63% | -1.52% | |
0.02 | 0.02 | 0.51 | 0.37 | 1.12 | 1.32 | 0.82 | 0.02 | -11.00 | 0.11 | 1.18 | 1.99 | |
EPS in Rs | 20.00 | 20.00 | 1.28 | 0.49 | 1.47 | 1.08 | 0.33 | 0.01 | -4.41 | 0.04 | 0.47 | 0.80 |
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: | % |
5 Years: | -15% |
3 Years: | -9% |
TTM: | -20% |
Compounded Profit Growth | |
---|---|
10 Years: | 58% |
5 Years: | 19% |
3 Years: | 30% |
TTM: | 73% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | -5% |
1 Year: | -9% |
Return on Equity | |
---|---|
10 Years: | -1% |
5 Years: | -4% |
3 Years: | 3% |
Last Year: | 5% |
Balance Sheet
Figures in Rs. Crores
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 0.01 | 0.01 | 4.00 | 7.60 | 7.60 | 12.18 | 24.96 | 24.96 | 24.96 | 24.96 | 24.96 | 24.96 |
Reserves | 0.01 | 0.03 | 0.51 | 6.28 | 7.40 | 16.65 | 20.02 | 20.04 | 9.05 | 9.16 | 10.34 | 12.33 |
6.11 | 12.15 | 2.14 | 17.85 | 62.17 | 50.13 | 33.76 | 4.95 | 0.23 | 2.53 | 2.92 | 18.06 | |
5.96 | 11.93 | 11.52 | 43.06 | 33.69 | 75.44 | 59.38 | 13.26 | 10.74 | 15.23 | 14.96 | 13.47 | |
Total Liabilities | 12.09 | 24.12 | 18.17 | 74.79 | 110.86 | 154.40 | 138.12 | 63.21 | 44.98 | 51.88 | 53.18 | 68.82 |
0.67 | 0.61 | 0.71 | 9.72 | 9.16 | 8.62 | 7.87 | 7.18 | 6.48 | 5.78 | 5.11 | 4.56 | |
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 | 0.00 | 0.30 | 0.32 | 0.34 | 0.32 | 0.00 | 0.00 | 0.00 |
11.42 | 23.51 | 17.46 | 65.07 | 101.70 | 145.48 | 129.93 | 55.69 | 38.18 | 46.10 | 48.07 | 64.26 | |
Total Assets | 12.09 | 24.12 | 18.17 | 74.79 | 110.86 | 154.40 | 138.12 | 63.21 | 44.98 | 51.88 | 53.18 | 68.82 |
Cash Flows
Figures in Rs. Crores
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
-3.63 | 0.13 | 1.76 | -41.40 | -13.80 | 23.44 | -7.21 | 19.81 | 9.30 | -7.30 | 1.59 | -14.04 | |
-0.53 | -0.01 | -0.21 | -9.10 | 0.28 | 0.46 | 0.36 | 0.19 | -0.06 | 0.25 | -1.13 | 0.16 | |
4.15 | 0.06 | -1.36 | 52.68 | 12.77 | -23.47 | 6.35 | -20.55 | -5.17 | 2.09 | -0.18 | 13.51 | |
Net Cash Flow | -0.01 | 0.18 | 0.20 | 2.18 | -0.75 | 0.43 | -0.50 | -0.56 | 4.06 | -4.96 | 0.28 | -0.38 |
Ratios
Figures in Rs. Crores
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 | 0.00 | 109.10 | 200.74 | 470.50 | 122.80 | 63.57 | 177.99 | 425.90 | 35.34 | 33.18 | ||
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 | ||
Working Capital Days | 129.27 | 672.66 | 627.20 | 937.14 | 371.93 | 206.91 | 270.65 | 643.01 | 323.38 | 647.65 | ||
ROCE % | 3.55% | 9.72% | 12.74% | 5.73% | 13.11% | 12.60% | 9.78% | 3.11% | -25.09% | 0.82% | 4.49% | 6.63% |
Documents
Announcements
-
Disclosure under SEBI Takeover Regulations
28 June 2025 - Promoter group holds 1.84 crore shares with no encumbrance for FY ended March 31, 2025.
-
Outcome of Board Meeting
27 June 2025 - Art Nirman Limited has informed regarding Board meeting held on Jun 27, 2025.
-
Trading Window
25 June 2025 - Art Nirman Limited has informed regarding the Trading Window closure pursuant to SEBI (Prohibition of Insider Trading) Regulations, 2015
-
Trading Window-XBRL
25 June 2025 - ART NIRMAN LIMITED has informed about Closure of Trading Window
-
Disclosure under SEBI Takeover Regulations
20 June 2025 - List of promoter and promoter group members disclosed as annexure.
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