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Consolidated Standalone

Art Nirman

₹53.3 0 | 0%

WEBSITE BSE:0 NSE : 17 May, 00:00

Market Cap ₹133 Cr.

Stock P/E 160.8

P/B 3.8

Current Price ₹53.3

Book Value ₹ 14

Face Value 10

52W High ₹88.6

Dividend Yield 0%

52W Low ₹ 40.5

Edit Ratio

Art Nirman Research see more...

Overview Inc. Year: 2011Industry: Construction - Real Estate

Art Nirman Limited is a medium-sized construction company that develops and sells real estate properties. Founded in 2011 and is listed on the Bombay Stock Exchange and the National Stock Exchange. Their mission is to deliver quality projects that meet the expectations of its customers and stakeholders. The company’s vision is to be the most preferred and trusted real estate partner for its customers, employees and society. Involved in the construction of residential and commercial schemes, hotels and clubs, it has completed several projects in Ahmedabad, such as Shree Vishnudhara Gardens, Shree Vishnudhara Crossroad and Shree Vishnudhara Home. They also has ongoing and upcoming projects in Ahmedabad, Gandhinagar, Rajkot and Surat. The company’s projects cater to various segments of customers, from affordable housing to luxurious flats and bungalows.

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Art Nirman Share Price

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Price

Quarterly Price

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Peer Comparison

Art Nirman Quarterly Results

#(Fig in Cr.) Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Jun 2023 Sep 2023 Dec 2023
Net Sales 3 25 3 6 0 7 1 5 12 4
Other Income 0 0 0 0 0 0 0 0 0 0
Total Income 3 25 3 6 0 7 1 5 12 4
Total Expenditure 6 26 5 10 0 7 1 5 11 4
Operating Profit -3 -1 -3 -3 0 0 0 0 1 0
Interest 0 0 0 0 0 0 0 0 0 0
Depreciation 0 0 0 0 0 0 0 0 0 0
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0 0
Profit Before Tax -3 -1 -3 -4 -0 -0 -0 0 1 0
Provision for Tax 0 0 0 -0 0 0 0 0 0 0
Profit After Tax -3 -1 -3 -4 -0 -0 -0 0 1 0
Adjustments 0 -0 0 0 0 0 0 -0 0 0
Profit After Adjustments -3 -1 -3 -4 -0 -0 -0 0 1 0
Adjusted Earnings Per Share -1.3 -0.5 -1.1 -1.5 -0.1 -0 -0 0.1 0.3 0

Art Nirman Profit & Loss

#(Fig in Cr.) Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
Net Sales 0 0 0 26 26 35 19 62 85 37 20 22
Other Income 0 0 0 0 0 0 1 0 0 0 0 0
Total Income 0 0 0 26 26 35 20 62 85 37 20 22
Total Expenditure 0 -0 -1 24 25 27 9 54 82 47 19 21
Operating Profit 0 0 1 1 1 8 11 8 3 -10 1 1
Interest 0 0 1 0 0 6 8 6 2 0 0 0
Depreciation 0 0 0 0 0 1 1 1 1 1 1 0
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0 0 0 0
Profit Before Tax -0 0 0 1 1 2 2 1 0 -11 0 1
Provision for Tax -0 0 0 0 0 0 1 0 -0 -0 -0 0
Profit After Tax -0 -0 0 1 0 1 1 1 0 -11 0 1
Adjustments 0 0 0 0 0 0 0 0 0 0 0 0
Profit After Adjustments -0 -0 0 1 0 1 1 1 0 -11 0 1
Adjusted Earnings Per Share 0 0 0 0 0.5 1.5 1.1 0.3 0 -4.4 0 0.4

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR -46% -31% -11% 0%
Operating Profit CAGR 0% -50% -34% 0%
PAT CAGR 0% -100% -100% 0%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR 15% 19% 18% NA%
ROE Average 0% -9% -4% 1%
ROCE Average 1% -7% 0% 4%

Art Nirman Balance Sheet

#(Fig in Cr.) Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Shareholder's Funds -0 -0 0 5 14 15 29 45 45 34 34
Minority's Interest 0 0 0 0 0 0 0 0 0 0 0
Borrowings 2 6 7 2 18 49 23 19 5 0 2
Other Non-Current Liabilities 0 0 0 3 32 7 8 9 5 6 5
Total Current Liabilities 0 6 17 8 11 39 95 65 8 5 11
Total Liabilities 2 12 24 18 75 111 154 138 63 45 52
Fixed Assets 0 1 1 1 10 9 9 8 7 6 6
Other Non-Current Assets 2 4 3 0 4 4 1 1 1 1 1
Total Current Assets 0 8 21 17 61 98 145 130 55 38 46
Total Assets 2 12 24 18 75 111 154 138 63 45 52

Art Nirman Cash Flow

#(Fig in Cr.) Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Opening Cash & Cash Equivalents 0 0 0 0 0 2 2 2 2 1 5
Cash Flow from Operating Activities 3 -4 0 2 -41 -14 23 -7 20 9 -7
Cash Flow from Investing Activities 0 -1 -0 -0 -9 0 0 0 0 -0 0
Cash Flow from Financing Activities -4 4 0 -1 53 13 -23 6 -21 -5 2
Net Cash Inflow / Outflow -0 -0 0 0 2 -1 0 -1 -1 4 -5
Closing Cash & Cash Equivalent 0 0 0 0 2 2 2 2 1 5 0

Art Nirman Ratios

# Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Earnings Per Share (Rs) 0 0 0 0 0.48 1.47 1.08 0.33 0.01 -4.41 0.05
CEPS(Rs) -4.59 58.39 115.04 1.51 0.93 2.55 1.71 0.63 0.3 -4.12 0.33
DPS(Rs) 0 0 0 0 0 0 0 0 0 0 0
Book NAV/Share(Rs) 0 0 0 0 18.25 19.73 19.48 18.02 18.03 13.63 13.67
Core EBITDA Margin(%) 0 0 0 4.93 4.61 21.69 52.81 13.45 3.04 -26.9 4.93
EBIT Margin(%) 0 0 0 4.63 4.27 20.7 52.07 12.41 2.35 -28.67 1.47
Pre Tax Margin(%) 0 0 0 2.84 2.69 4.64 9.8 1.99 0.01 -29.89 0.42
PAT Margin (%) 0 0 0 2 1.42 3.25 6.97 1.31 0.02 -29.86 0.57
Cash Profit Margin (%) 0 0 0 2.36 2.75 5.62 11 2.52 0.88 -27.92 4.16
ROA(%) -0.93 -0.18 0.2 2.42 0.79 1.21 0.99 0.56 0.02 -20.33 0.23
ROE(%) 0 0 0 22.7 3.97 7.76 6.81 2.38 0.05 -27.84 0.33
ROCE(%) -0.97 2.35 10.27 12.57 5.73 13.12 12.6 9.77 3.11 -25.08 0.82
Receivable days 0 0 0 0 108.01 140.61 418.5 132.9 75.15 159.01 379.14
Inventory Days 0 0 0 250.9 430.07 606.76 1760.99 622.2 284.25 205.36 208.67
Payable days -23.23 -130.54 -112.04 29.04 120.97 351.14 -264.53 128.97 32.77 25.5 168.62
PER(x) 0 0 0 0 57.29 18.83 18.11 0 3902.44 0 1126.67
Price/Book(x) 0 0 0 0 1.51 1.41 1.01 0 1.77 7.12 3.71
Dividend Yield(%) 0 0 0 0 0 0 0 0 0 0 0
EV/Net Sales(x) 0 0 0 0.23 1.41 2.36 3.8 0.92 0.98 6.44 6.54
EV/Core EBITDA(x) 1165.78 37.64 12.48 4.58 25.2 10.25 6.78 6.75 30.73 -24.09 128.91
Net Sales Growth(%) 0 0 0 0 0.35 34.22 -45.25 228.82 36.91 -56.71 -46.46
EBIT Growth(%) -148.57 369.16 922.11 26.24 -7.33 550.05 37.74 -21.65 -74.06 -628.11 102.75
PAT Growth(%) -509.33 69.58 397.66 1305.03 -28.7 206.94 17.58 -38.01 -97.5 0 101.02
EPS Growth(%) 0 0 0 0 0 206.94 -26.57 -69.76 -97.49 0 101.02
Debt/Equity(x) -85.81 -187.14 3223.61 0.48 1.29 4.14 2.11 0.75 0.11 0.01 0.07
Current Ratio(x) 0.55 1.3 1.21 2.07 5.34 2.51 1.53 2 6.65 7.08 4.26
Quick Ratio(x) 0.55 0.08 0.07 0.19 1.39 0.72 0.34 0.47 2.66 5.53 2.92
Interest Cover(x) -4.7 1.01 1.06 2.58 2.7 1.29 1.23 1.19 1.01 -23.37 1.4
Total Debt/Mcap(x) 0 0 0 0 0.85 2.95 2.1 0 0.06 0 0.02

Art Nirman Shareholding Pattern

# Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
Promoter 73.75 73.75 73.75 73.75 73.75 73.75 73.75 73.75 73.75 73.75
FII 0 0 0 0 0 0 0 0 0 0
DII 0 0 0 0 0 0 0 0 0 0
Public 26.25 26.25 26.25 26.25 26.25 26.25 26.25 26.25 26.25 26.25
Others 0 0 0 0 0 0 0 0 0 0
Total 100 100 100 100 100 100 100 100 100 100

Pros

  • Company is almost debt free.

Cons

  • Company has a low return on equity of -9% over the last 3 years.
  • Debtor days have increased from 25.5 to 168.62days.
  • Stock is trading at 3.8 times its book value.
  • The company has delivered a poor profit growth of -100% over past five years.

* 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.

Art Nirman News

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