Art Nirman Ltd

Art Nirman Ltd

₹ 65.4 1.71%
19 Apr - close price
About

Incorporated in 2011, Art Nirman Ltd is in the business of real estate development and allied activities[1]

Key Points

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

  • Market Cap 163 Cr.
  • Current Price 65.4
  • High / Low 88.6 / 40.5
  • Stock P/E 123
  • Book Value 14.0
  • Dividend Yield 0.00 %
  • ROCE 0.82 %
  • ROE 0.32 %
  • Face Value 10.0

Pros

  • Company is almost debt free.

Cons

  • Stock is trading at 4.66 times its book value
  • The company has delivered a poor sales growth of -10.6% over past five years.
  • Company has a low return on equity of -9.17% over last 3 years.
  • Company has high debtors of 426 days.
  • Working capital days have increased from 386 days to 643 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

Sector: Construction Industry: Construction

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Quarterly Results

Figures in Rs. Crores

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
23.63 23.63 2.58 25.24 2.56 6.44 0.30 6.72 1.02 11.68 5.22 11.95 3.75
22.86 22.86 1.07 26.29 5.17 9.76 0.24 6.58 0.95 10.96 5.01 11.14 3.52
Operating Profit 0.77 0.77 1.51 -1.05 -2.61 -3.32 0.06 0.14 0.07 0.72 0.21 0.81 0.23
OPM % 3.26% 3.26% 58.53% -4.16% -101.95% -51.55% 20.00% 2.08% 6.86% 6.16% 4.02% 6.78% 6.13%
0.06 0.06 -4.44 0.01 0.00 0.04 0.00 0.00 0.00 0.02 0.16 0.03 0.02
Interest 0.24 0.24 0.06 0.00 0.00 0.38 0.01 0.00 0.00 0.20 0.01 0.00 0.00
Depreciation 0.18 0.18 0.18 0.18 0.18 0.18 0.18 0.18 0.18 0.18 0.17 0.17 0.17
Profit before tax 0.41 0.41 -3.17 -1.22 -2.79 -3.84 -0.13 -0.04 -0.11 0.36 0.19 0.67 0.08
Tax % -29.27% -29.27% 0.00% 0.00% 0.00% 0.26% 0.00% 0.00% 0.00% -8.33% 0.00% 0.00% 0.00%
0.53 0.53 -3.16 -1.22 -2.79 -3.83 -0.13 -0.04 -0.11 0.39 0.19 0.67 0.08
EPS in Rs 0.21 0.21 -1.27 -0.49 -1.12 -1.53 -0.05 -0.02 -0.04 0.16 0.08 0.27 0.03
Raw PDF

Profit & Loss

Figures in Rs. Crores

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
0.00 0.00 0.00 0.00 24.31 25.46 34.51 18.89 62.12 81.13 32.30 19.72 32.60
-0.07 -0.01 -0.15 -0.96 23.04 24.28 27.02 8.91 53.77 78.54 42.21 18.75 30.63
Operating Profit 0.07 0.01 0.15 0.96 1.27 1.18 7.49 9.98 8.35 2.59 -9.91 0.97 1.97
OPM % 5.22% 4.63% 21.70% 52.83% 13.44% 3.19% -30.68% 4.92% 6.04%
0.01 0.00 0.01 0.01 0.02 0.26 0.47 0.62 0.11 0.14 0.06 0.03 0.23
Interest 0.06 0.01 0.09 0.89 0.47 0.41 5.54 7.99 6.47 1.99 0.45 0.21 0.21
Depreciation 0.00 0.01 0.02 0.08 0.09 0.34 0.82 0.76 0.75 0.73 0.71 0.71 0.69
Profit before tax 0.02 -0.01 0.05 0.00 0.73 0.69 1.60 1.85 1.24 0.01 -11.01 0.08 1.30
Tax % 0.00% 0.00% 40.00% 30.14% 47.83% 30.00% 29.19% 33.87% -100.00% 0.09% -37.50%
0.01 -0.02 0.02 0.02 0.51 0.37 1.12 1.32 0.82 0.02 -11.00 0.11 1.33
EPS in Rs 10.00 -20.00 20.00 20.00 1.28 0.49 1.47 1.08 0.33 0.01 -4.41 0.04 0.54
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: -11%
3 Years: -32%
TTM: 125%
Compounded Profit Growth
10 Years: 22%
5 Years: -37%
3 Years: -49%
TTM: 132%
Stock Price CAGR
10 Years: %
5 Years: 27%
3 Years: 27%
1 Year: 29%
Return on Equity
10 Years: -3%
5 Years: -5%
3 Years: -9%
Last Year: 0%

Balance Sheet

Figures in Rs. Crores

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 0.01 0.01 0.01 0.01 4.00 7.60 7.60 12.18 24.96 24.96 24.96 24.96 24.96
Reserves 0.01 -0.01 0.01 0.03 0.51 6.28 7.40 11.54 20.02 20.04 9.05 9.16 10.02
5.28 1.75 6.11 12.15 2.14 17.85 62.17 50.13 33.76 4.95 0.23 2.53 0.60
1.48 0.21 5.96 11.93 11.52 43.06 33.69 80.55 59.38 13.26 10.74 15.24 13.70
Total Liabilities 6.78 1.96 12.09 24.12 18.17 74.79 110.86 154.40 138.12 63.21 44.98 51.89 49.28
0.06 0.16 0.67 0.61 0.71 9.72 9.16 8.62 7.87 7.18 6.48 5.78 5.45
CWIP 0.28 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 0.00 0.00 0.30 0.32 0.34 0.32 0.00 0.00
6.44 1.80 11.42 23.51 17.46 65.07 101.70 145.48 129.93 55.69 38.18 46.11 43.83
Total Assets 6.78 1.96 12.09 24.12 18.17 74.79 110.86 154.40 138.12 63.21 44.98 51.89 49.28

Cash Flows

Figures in Rs. Crores

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
3.21 -3.63 0.13 1.76 -41.40 -13.80 23.44 -7.21 19.81 9.30 -7.30
0.17 -0.53 -0.01 -0.21 -9.10 0.28 0.46 0.36 0.19 -0.06 0.25
-3.54 4.15 0.06 -1.36 52.68 12.77 -23.47 6.35 -20.55 -5.17 2.09
Net Cash Flow -0.15 -0.01 0.18 0.20 2.18 -0.75 0.43 -0.50 -0.56 4.06 -4.96

Ratios

Figures in Rs. Crores

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 0.00 109.10 200.74 470.50 122.80 63.57 202.95 425.90
Inventory Days 342.64 1,255.58 2,907.50 1,108.74 168.71 82.59 581.00
Days Payable 21.05 215.31 380.83 104.99 17.78 15.86 272.84
Cash Conversion Cycle 321.59 1,149.36 2,727.41 470.50 1,126.55 214.50 269.69 734.05
Working Capital Days 129.27 672.66 627.20 937.14 371.93 206.91 308.61 643.01
ROCE % 0.00% 3.55% 9.72% 12.74% 5.73% 13.11% 13.03% 10.11% 3.11% -25.09% 0.82%

Shareholding Pattern

Numbers in percentages

Mar 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
73.65% 73.75% 73.75% 73.75% 73.75% 73.75% 73.75% 73.75% 73.75% 73.75% 73.75% 73.75%
26.35% 26.26% 26.25% 26.25% 26.25% 26.25% 26.25% 26.25% 26.25% 26.25% 26.25% 26.25%
No. of Shareholders 86871,3221,1461,1781,2272,7862,6132,9412,9662,9592,673

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