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Art Nirman

ARTNIRMAN NSE
₹37.80 0.12 (0.32%)
Market Cap
₹94.33 Cr
P/E
236.25

Art Nirman (ARTNIRMAN) share price was ₹37.80 at the 28 Oct 2026 close; market capitalisation ₹94.33 Cr; P/E (TTM) 236.25; sector Realty. The share price fell 34.8% over the year to 28 Oct 2026 (adjusted for splits and bonuses). In the Jun 2026 quarter, revenue was ₹2.11 Cr, against ₹1.50 Cr a year earlier and net profit was −₹0.20 Cr, against −₹0.07 Cr a year earlier (compared with Jun 2025). Promoters held 73.75% of Art Nirman in Sep 2026, unchanged from Jun 2026. Its Tapetide Score is 36/100 (Poor) as of 28 Oct 2026.

Close 28 Oct 2026 ₹37.80 −20.19 −34.82% 1Y

Key Fundamentals

MicrocapRealtyConsumer Discretionary
Market Cap
₹94.33 Cr
P/E (TTM)
236.25
EBITDA
₹5.30 Cr
Return on Equity
1.4%
Debt to Equity
1.96
Book Value
₹14.92
EPS (TTM)
₹0.16
52W High
₹58.55
52W Low
₹29.39

Price-based figures as of 28 Oct 2026, 15:31 IST · EPS basis: Standalone · TTM

Peer Comparison

Consumer Discretionary › Realty › Residential Commercial Projects › Residential, Commercial Projects

DLF
₹666.3036.111,64,930 Cr3.621.19%5.77%6.35%8,504 Cr4,567 Cr
Lodha Developers
₹1,007.1024.381,00,643 Cr4.410.42%14.64%18.07%18,603 Cr4,129 Cr
Phoenix Mills
₹1,899.3053.0767,934 Cr6.180.13%10.88%11.84%4,724 Cr1,629 Cr
Prestige Estates Projects
₹1,392.2052.6459,966 Cr3.690.14%7.80%12.91%13,597 Cr1,265 Cr
Oberoi Realty
₹1,601.0022.1358,213 Cr3.050.25%13.99%16.74%6,501 Cr2,632 Cr
Godrej Properties
₹1,587.0029.8747,805 Cr2.470.63%9.51%12.01%8,849 Cr1,591 Cr
Brigade Enterprises
₹538.3525.2717,564 Cr2.580.36%9.63%9.89%5,805 Cr784 Cr
Art Nirman (this company)
₹37.80236.2594 Cr2.530.00%1.40%4.33%34 Cr0 Cr
Median 8 companies₹1,199.6532.9959,089 Cr3.340.31%9.57%11.93%7,503 Cr1,610 Cr

Comparable companies in the same industry. Market cap, P/E and P/B use the live price; other metrics are as reported in filings. A dash means the figure is not published for that company.

Tapetide Score

Data-driven rating, 0–100. How it works →

As of 2026-10-28
v2.0.0
36 Poor
Overall score
Data confidence 100/100

Category scores

Quality Poor 17
Returns, margins, earnings quality 22%
Valuation Poor 15
Cheap vs sector & own history 24%
Growth Strong 89
Sales & profit trajectory 9%
Financial Health Poor 29
Solvency, leverage, coverage 9%
Momentum Weak 44
Trend strength, vol-adjusted 12%
Ownership Average 50
FII/DII/promoter flows 24%

The Tapetide Score is data analysis, not investment advice. Tapetide is not a SEBI-registered research analyst or investment adviser.

Key Insights

Weaknesses

6
  • Stock is trading at 2.56 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

Technical Indicators

Oscillators

BearishNeutralBullish

Bearish

Bearish
2
Neutral
6
Bullish
1

Overall

BearishNeutralBullish

Bearish

Bearish
12
Neutral
6
Bullish
1

Moving Averages

BearishNeutralBullish

Bearish

Bearish
10
Neutral
0
Bullish
0

Growth Rate

Revenue Growth
20.86% higher than 3Y

change over 1 year

Net Income Growth
-75% lower than 3Y

change over 1 year

Cash Flow Change
-253%

change over 1 year

EBITDA Margin Change
19.58%

change over 1 year Operating margin -3.79% · Jun 2026

Quarterly Results

Particulars Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 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 (₹)
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
Figures in ₹ Crores

Profit & Loss

Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
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 (₹)
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%
—
Figures in ₹ Crores

Balance Sheet

Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 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
Figures in ₹ Crores

Cash Flow

Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 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/EBITDA
14
155
-3,488
-179
240
-82
764
-94
-753
78
-409
-954
Figures in ₹ Crores

Ratios

Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 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

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

Log in to view Art Nirman insights

62 extracted metrics + investor summaries across FY15–FY27.

Shareholding Pattern

Promot.73.75%Others3.96%Public22.29%As ofSep 2026

Documents

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 ₹94.33 Cr as of 28 Oct 2026, 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 236.25 as of 28 Oct 2026, on earnings per share of ₹0.16, 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 ₹58.55 as of 28 Oct 2026.
What is the Return on Equity (ROE) of Art Nirman Ltd?
Art Nirman Ltd reported a return on equity of 1.40%. 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
Shares Outstanding 2,49,56,000

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