Artson Engineering Ltd
Artson Engineering Limited was established in 1978. It is an Engineering, Manufacturing and Construction (EMC) Contracting Company based in Hyderabad with businesses in Pressure Equipment Manufacturing for Oil and Gas, Petrochemicals, Power, Metallurgy Industry, Construction of bulk liquid storage farms, Industrial Piping, Structure Fabrication, Ship Construction, Maintenance and other Industrial Services.
The company caters mainly to the Indian market and also has experience of working in middle-east and Gulf Countries.[1]
- Market Cap ₹ 640 Cr.
- Current Price ₹ 173
- High / Low ₹ 218 / 62.0
- Stock P/E 106
- Book Value ₹ 0.25
- Dividend Yield 0.00 %
- ROCE 23.2 %
- ROE %
- Face Value ₹ 1.00
Pros
- Company has delivered good profit growth of 30.8% CAGR over last 5 years
Cons
- Stock is trading at 703 times its book value
- Company has low interest coverage ratio.
- The company has delivered a poor sales growth of -4.11% over past five years.
- Working capital days have increased from 85.8 days to 123 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: Capital Goods-Non Electrical Equipment Industry: Engineering - Turnkey Services
Quarterly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
59 | 79 | 65 | 110 | 101 | 132 | 158 | 163 | 150 | 173 | 131 | 128 | |
89 | 81 | 62 | 106 | 96 | 129 | 153 | 152 | 146 | 166 | 142 | 114 | |
Operating Profit | -30 | -2 | 3 | 4 | 4 | 3 | 5 | 11 | 4 | 7 | -11 | 14 |
OPM % | -51% | -3% | 5% | 4% | 4% | 2% | 3% | 7% | 3% | 4% | -8% | 11% |
-0 | 0 | 0 | 3 | 6 | 9 | 3 | 7 | 2 | 1 | 1 | 1 | |
Interest | 7 | 5 | 3 | 4 | 4 | 5 | 7 | 10 | 10 | 11 | 10 | 10 |
Depreciation | 2 | 2 | 2 | 2 | 1 | 1 | 1 | 2 | 1 | 1 | 1 | 2 |
Profit before tax | -39 | -8 | -2 | 2 | 6 | 5 | 0 | 6 | -5 | -4 | -21 | 2 |
Tax % | 0% | 0% | 0% | 0% | -378% | 76% | 1,508% | 112% | -11% | -15% | -12% | -163% |
-39 | -8 | -2 | 2 | 27 | 1 | -2 | -1 | -6 | -5 | -24 | 6 | |
EPS in Rs | -10.67 | -2.26 | -0.54 | 0.46 | 7.36 | 0.35 | -0.46 | -0.20 | -1.54 | -1.36 | -6.37 | 1.64 |
Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
Compounded Sales Growth | |
---|---|
10 Years: | 5% |
5 Years: | -4% |
3 Years: | -5% |
TTM: | -3% |
Compounded Profit Growth | |
---|---|
10 Years: | 11% |
5 Years: | 31% |
3 Years: | 45% |
TTM: | 126% |
Stock Price CAGR | |
---|---|
10 Years: | 17% |
5 Years: | 35% |
3 Years: | 55% |
1 Year: | 160% |
Return on Equity | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | % |
Last Year: | % |
Balance Sheet
Figures in Rs. Crores
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 |
Reserves | -59 | -67 | -70 | -66 | 2 | 2 | 2 | 1 | -4 | -3 | -19 | -3 |
66 | 61 | 61 | 63 | 20 | 26 | 33 | 58 | 54 | 53 | 59 | 64 | |
54 | 73 | 69 | 111 | 75 | 78 | 106 | 96 | 121 | 87 | 112 | 86 | |
Total Liabilities | 64 | 70 | 64 | 112 | 102 | 110 | 144 | 160 | 175 | 141 | 156 | 151 |
10 | 9 | 7 | 4 | 4 | 5 | 5 | 10 | 10 | 11 | 12 | 17 | |
CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
54 | 61 | 58 | 108 | 98 | 105 | 139 | 150 | 165 | 129 | 144 | 134 | |
Total Assets | 64 | 70 | 64 | 112 | 102 | 110 | 144 | 160 | 175 | 141 | 156 | 151 |
Cash Flows
Figures in Rs. Crores
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
-2 | 11 | 1 | 11 | 1 | -0 | 3 | -13 | 16 | 14 | -4 | -4 | |
0 | -0 | 1 | -0 | 0 | -2 | -2 | -5 | -2 | -2 | -2 | -1 | |
2 | -10 | -2 | -4 | -11 | -4 | -5 | -8 | 7 | -16 | 7 | 5 | |
Net Cash Flow | 0 | 1 | -0 | 6 | -9 | -6 | -5 | -26 | 21 | -4 | 0 | -0 |
Ratios
Figures in Rs. Crores
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 103 | 46 | 90 | 202 | 103 | 76 | 81 | 71 | 155 | 121 | 149 | 129 |
Inventory Days | 151 | 283 | 242 | 129 | 148 | 165 | 83 | 96 | 59 | 47 | 245 | 182 |
Days Payable | 275 | 474 | 327 | 270 | 423 | 416 | 360 | 380 | 459 | 354 | 551 | 401 |
Cash Conversion Cycle | -21 | -145 | 5 | 61 | -173 | -175 | -196 | -213 | -245 | -187 | -157 | -91 |
Working Capital Days | -108 | -139 | -154 | -84 | -34 | 3 | -11 | 86 | 73 | 67 | 67 | 123 |
ROCE % | -125% | -85% | 71% | 38% | 20% | 32% | 9% | 12% | -22% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Newspaper Publication
1d - Newspaper publication - Audited Financial Results for the fourth quarter and year ended 31st March 2024 - Enclosed.
- Audited Financial Results For The Year Ended 31St March 2024. 2d
- Board Meeting Outcome for Outcome Of Board Meeting 2d
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Update on board meeting
19 Apr - The meeting of the Board of the Company is scheduled on 23/04/2024 ,inter alia, to consider and approve Update on board meeting timing - Rescheduled …
- Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure A 19 Apr
Annual reports
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
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Financial Year 2010
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Financial Year 2009
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Acquisition by Tata Group
Tata Projects Ltd had acquired 75% stake infusing a sum of Rs 2.77 Cr towards equity contribution in the year 2008 and since then AEL is a subsidiary of TPL.
TPL has committed financial assistance of more than Rs. 28 Cr, of which it has already infused funds aggregating to about Rs. 23 Cr.[1]