Art Nirman Ltd
Incorporated in 2011, Art Nirman Ltd is in the business of real estate development and allied activities[1]
- Market Cap ₹ 106 Cr.
- Current Price ₹ 42.5
- High / Low ₹ 72.5 / 29.4
- Stock P/E 204
- Book Value ₹ 14.9
- Dividend Yield 0.00 %
- ROCE 5.85 %
- ROE 1.40 %
- Face Value ₹ 10.0
Pros
- Company is expected to give good quarter
Cons
- Stock is trading at 2.85 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| -0.00 | 24.31 | 25.46 | 34.51 | 18.89 | 62.12 | 81.13 | 36.83 | 19.72 | 34.29 | 27.39 | 33.24 | |
| -0.96 | 23.04 | 24.28 | 27.02 | 8.91 | 53.77 | 78.54 | 46.74 | 18.75 | 32.25 | 24.11 | 28.28 | |
| 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 |
| OPM % | 5.22% | 4.63% | 21.70% | 52.83% | 13.44% | 3.19% | -26.91% | 4.92% | 5.95% | 11.98% | 14.92% | |
| 0.01 | 0.02 | 0.26 | 0.47 | 0.62 | 0.11 | 0.14 | 0.06 | 0.03 | 0.35 | 0.40 | 0.36 | |
| 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 |
| 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 |
| 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 |
| 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 | |
| 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 |
| 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: | 21% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 0% |
| 5 Years: | 92% |
| 3 Years: | 68% |
| TTM: | -74% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | 6% |
| 3 Years: | 0% |
| 1 Year: | -13% |
| 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
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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| Mar 2016 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|
| Number of Ongoing Projects Projects |
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| Number of Completed Projects Projects |
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| Project Land Area (New Starts) sq. mtr. |
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| Employee Count Employees |
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| Total Saleable/Developable Area sq. ft. |
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| Units Built (Completed Projects) Units |
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Extracted by Screener AI
Documents
Announcements
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Copy of Newspaper Publication
27 May 2026 - Art Nirman Limited has informed about Copy of Newspaper Publication
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Outcome of Board Meeting
26 May 2026 - Art Nirman Limited has submitted to the Exchange, the financial results for the period ended March 31, 2026.
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Disclosure under SEBI Takeover Regulations
22 May 2026 - Art Nirman Limited has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, …
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Certificate under SEBI (Depositories and Participants) Regulations, 2018
14 April 2026 - Regulation 74(5) confirmation for dematerialisation processing for quarter ended 31 March 2026.
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Price movement
10 April 2026 - Investors have latest relevant information about the company and to inform the market place so that the interest of the investors is safeguarded, had written …
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