Art Nirman
ARTNIRMAN NSE
Art Nirman
RealtyNSE: ARTNIRMAN Residential Commercial Projects
Key Fundamentals
MicrocapResidential Commercial ProjectsRealtyMarket Cap
₹99.97 Cr
Volatility
Moderate
P/E Ratio
249.5
EBITDA
₹4.96 Cr
Return on Equity
5.34%
Debt to Equity
1.96
Book Value
₹14.92
52W High
₹66.97
52W Low
₹29.39
Tapetide Score
Data-driven rating, 0–100. How it works →
Key Insights
Weaknesses
6- Stock is trading at 2.68 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
Growth Rate
Revenue Growth
19.57% higher than
3Y
Net Income Growth
-67.5% lower than
3Y
Cash Flow Change
-943% lower than
3Y
ROE
59.88% higher than
3Y
ROCE
30.51% lower than
3Y
EBITDA Margin (Avg.)
11.56% lower than
3Y
Quarterly Results
| Particulars | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 5.22 | 11.95 | 3.75 | 13.38 | 5.5 | 8.46 | 4.5 | 8.92 | 1.5 | 6.75 | 2.5 | 22.48 | 2.11 |
| Expenses | 5.01 | 11.14 | 3.52 | 12.59 | 4.99 | 7.83 | 4.18 | 7.1 | 1.52 | 5.4 | 2.37 | 18.98 | 2.19 |
| Operating Profit | 0.21 | 0.81 | 0.23 | 0.79 | 0.51 | 0.63 | 0.32 | 1.82 | -0.02 | 1.35 | 0.13 | 3.5 | -0.08 |
| OPM % | 4.02% | 6.78% | 6.13% | 5.9% | 9.27% | 7.45% | 7.11% | 20.4% | -1.33% | 20% | 5.2% | 15.57% | -3.79% |
| Other Income | 0.16 | 0.03 | 0.02 | 0.12 | 0.08 | 0.09 | 0.14 | 0.09 | 0.12 | 0.05 | 0.09 | 0.1 | 0.11 |
| Interest | 0.01 | 0 | 0 | 0.56 | 0.02 | 0.02 | 0.02 | 1.07 | 0.03 | 0.84 | 0.04 | 3.28 | 0.04 |
| Depreciation | 0.17 | 0.17 | 0.17 | 0.16 | 0.16 | 0.16 | 0.16 | 0.09 | 0.14 | 0.12 | 0.11 | 0.1 | 0.15 |
| PBT | 0.19 | 0.67 | 0.08 | 0.19 | 0.41 | 0.54 | 0.28 | 0.75 | -0.07 | 0.44 | 0.07 | 0.22 | -0.16 |
| Tax % | 0% | 0% | 0% | -15.79% | 0% | 0% | 0% | -4% | 0% | 0% | 0% | 59.09% | 25% |
| Net Profit | 0.19 | 0.67 | 0.08 | 0.22 | 0.41 | 0.53 | 0.28 | 0.77 | -0.07 | 0.43 | 0.07 | 0.09 | -0.2 |
| EPS in Rs | 0.08 | 0.27 | 0.03 | 0.09 | 0.16 | 0.21 | 0.11 | 0.31 | -0.03 | 0.17 | 0.03 | 0.04 | -0.08 |
Profit & Loss
| Particulars | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 0 | 24.31 | 25.46 | 34.51 | 18.89 | 62.12 | 81.13 | 36.83 | 19.72 | 34.29 | 27.39 | 33.24 | 33.84 |
| Expenses | -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 | 4.9 |
| OPM % | — | 5.22% | 4.63% | 21.7% | 52.83% | 13.44% | 3.19% | -26.91% | 4.92% | 5.95% | 11.98% | 14.92% | 14.48% |
| Other Income | 0.01 | 0.02 | 0.26 | 0.47 | 0.62 | 0.11 | 0.14 | 0.06 | 0.03 | 0.35 | 0.4 | 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 | 4.2 |
| 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 |
| PBT | 0 | 0.73 | 0.69 | 1.6 | 1.85 | 1.24 | 0.01 | -11.01 | 0.08 | 1.14 | 1.97 | 0.65 | 0.57 |
| Tax % | — | 30.14% | 47.83% | 30% | 29.19% | 33.87% | -100% | -0.09% | -37.5% | -2.63% | -1.52% | 20% | — |
| Net Profit | 0.02 | 0.51 | 0.37 | 1.12 | 1.32 | 0.82 | 0.02 | -11 | 0.11 | 1.18 | 1.99 | 0.52 | 0.39 |
| EPS in Rs | 20 | 1.28 | 0.49 | 1.47 | 1.08 | 0.33 | 0.01 | -4.41 | 0.04 | 0.47 | 0.8 | 0.21 | 0.16 |
| Div. Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | — |
Balance Sheet
| Particulars | 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 | 7.6 | 7.6 | 12.18 | 24.96 | 24.96 | 24.96 | 24.96 | 24.96 | 24.96 | 24.96 |
| Reserves | 0.03 | 0.51 | 6.28 | 7.4 | 16.65 | 20.02 | 20.04 | 9.05 | 9.16 | 10.34 | 12.33 | 12.28 |
| Borrowings | 12.15 | 2.14 | 17.85 | 62.17 | 50.13 | 33.76 | 4.95 | 0.23 | 2.53 | 2.92 | 18.06 | 72.96 |
| Other Liabilities | 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 | 111 | 154 | 138 | 63.21 | 44.98 | 51.88 | 53.18 | 68.81 | 142 |
| Fixed Assets | 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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 0 | 0 | 0 | 0 | 0.3 | 0.32 | 0.34 | 0.32 | 0 | 0 | 0 | 0 |
| Other Assets | 23.51 | 17.46 | 65.07 | 102 | 145 | 130 | 55.69 | 38.18 | 46.1 | 48.07 | 64.25 | 138 |
| Total Assets | 24.12 | 18.17 | 74.79 | 111 | 154 | 138 | 63.21 | 44.98 | 51.88 | 53.18 | 68.81 | 142 |
Cash Flow
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating | 0.13 | 1.76 | -41.4 | -13.8 | 23.44 | -7.21 | 19.81 | 9.3 | -7.3 | 1.59 | -13.41 | -47.3 |
| Investing | -0.01 | -0.21 | -9.1 | 0.28 | 0.46 | 0.36 | 0.19 | -0.06 | 0.25 | -1.13 | -0.42 | -0.92 |
| Financing | 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 | 0.2 | 2.18 | -0.75 | 0.43 | -0.5 | -0.56 | 4.06 | -4.96 | 0.28 | -0.38 | 2.5 |
| Free Cash Flow | 0.11 | 1.55 | -50.75 | -14.06 | 23.3 | -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
| Particulars | 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 | 109 | 201 | 471 | 123 | 63.57 | 178 | 426 | 35.34 | 33.18 | 212 |
| Inventory Days | — | 343 | 1,256 | 2,908 | — | 1,109 | 169 | 82.59 | 581 | 356 | — | — |
| Days Payable | — | 21.05 | 215 | 381 | — | 105 | 17.78 | 15.86 | 273 | 126 | — | — |
| Cash Conversion Cycle | — | 322 | 1,149 | 2,727 | 471 | 1,127 | 215 | 245 | 734 | 266 | 33.18 | 212 |
| Working Capital Days | — | 129 | 673 | 606 | 935 | 371 | 206 | 270 | 641 | 322 | 646 | 1,098 |
| ROCE % | 9.72% | 12.74% | 5.73% | 13.11% | 12.6% | 9.78% | 3.11% | -25.09% | 0.82% | 4.57% | 6.63% | 5.85% |
Insights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
Log in to view Art Nirman insights
62 extracted metrics + investor summaries across FY15–FY26.
Documents
1
Clarification - Financial Results
31 Aug - Exchange has sought clarification from Art Nirman Limited for the quarter ended 30-Jun-2026 with respect to Regulation 33 of the SEBI (LODR) Regulations, 2015. On … 31 Aug - Exchange has sought clarification from Art Nirman Limited for the quarter ended 30-Jun-2026 with respect to Regulation 33 of the SEBI (LODR) Regulations, 2015. On …
3
Announcement under Regulation 30 (LODR)-Press Release / Media Release
6 Feb - Wisely Ai protects 100M Indosat users; analyzed 11B communications, 2B+ spam identified (Feb 6, 2026). 6 Feb - Wisely Ai protects 100M Indosat users; analyzed 11B communications, 2B+ spam identified (Feb 6, 2026).
4
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
29 Jan - Uploaded Q3 FY26 earnings call transcript detailing operations, platform updates, Meta recognition, ₹1,000 crore cash. 29 Jan - Uploaded Q3 FY26 earnings call transcript detailing operations, platform updates, Meta recognition, ₹1,000 crore cash.
Frequently Asked Questions about Art Nirman
What does Art Nirman Ltd do?
Incorporated in 2011, Art Nirman Ltd is in the business of real estate development and allied activities[1]
Where is Art Nirman Ltd (ARTNIRMAN) listed?
Art Nirman Ltd trades as ARTNIRMAN on the NSE.
Which sector does Art Nirman Ltd belong to?
Art Nirman Ltd is classified under the Realty sector, in the Residential Commercial Projects industry.
What is the market capitalisation of Art Nirman Ltd?
Art Nirman Ltd has a market capitalisation of ₹99.97 Cr, which places it in the Small Cap band.
What is the PE ratio of Art Nirman Ltd?
Art Nirman Ltd trades at a PE ratio of 249.50, against a book value of ₹14.92 per share.
What is the 52-week high and low of Art Nirman Ltd?
Over the last 52 weeks Art Nirman Ltd has traded between ₹29.39 and ₹66.97.
What is the Return on Equity (ROE) of Art Nirman Ltd?
Art Nirman Ltd reported a return on equity of 5.34%. Its debt-to-equity ratio is 1.96.
Company Information
Incorporated in 2011, Art Nirman Ltd is in the business of real estate development and allied activities[1]
Website artnirman.com
CEO Mr. Ashokkumar Raghuram Thakker
Employees 13
Listed 2021-10-18
Face Value ₹ 10
Issued Size 2,49,56,000
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