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Artefact Projects Overview

Artefact Projects Ltd. is an Indian company engaged in the infrastructure and construction sector, providing project management, civil engineering, and turnkey solutions. Its operations typically cover residential, commercial, and industrial projects, including construction, renovation, and urban development initiatives. The company emphasizes quality execution, timely project delivery, and adherence to safety and industry standards. Artefact Projects Ltd. leverages modern construction techniques, skilled workforce, and efficient project manag...Read More

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Artefact Projects Key Financials

Market Cap ₹45 Cr.

Stock P/E 6.1

P/B 0.6

Current Price ₹61.8

Book Value ₹ 96.3

Face Value 10

52W High ₹82

Dividend Yield 0.81%

52W Low ₹ 52

Artefact Projects Share Price

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Volume
Price

Artefact Projects Quarterly Price

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Artefact Projects Peer Comparison

Artefact Projects Quarterly Results

#(Fig in Cr.) Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025
Net Sales 6 6 7 3 7 7 13 2 9 7
Other Income 1 1 1 1 1 0 1 1 1 1
Total Income 8 7 8 4 8 8 14 4 10 8
Total Expenditure 5 5 7 2 5 5 10 2 7 5
Operating Profit 2 2 1 2 3 2 3 2 3 3
Interest 1 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 2 2 0 2 2 2 3 1 2 2
Provision for Tax -0 0 0 0 0 0 0 0 1 1
Profit After Tax 2 2 0 1 2 1 3 1 2 2
Adjustments 0 0 0 0 0 0 -0 0 0 -0
Profit After Adjustments 2 2 0 1 2 1 3 1 2 2
Adjusted Earnings Per Share 2.6 2.5 0.3 2 2.4 1.7 4.1 1.4 2.3 2.3

Artefact Projects Profit & Loss

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
Net Sales 20 16 23 22 23 32 32 24 18 24 30 31
Other Income 1 1 3 3 1 5 3 4 4 4 4 4
Total Income 21 17 26 24 24 37 35 27 22 29 34 36
Total Expenditure 16 13 21 22 19 30 27 19 15 21 23 24
Operating Profit 5 5 5 2 5 7 7 8 7 7 10 11
Interest 3 3 4 4 4 3 2 2 2 2 2 0
Depreciation 1 1 1 1 1 1 1 1 0 0 0 0
Exceptional Income / Expenses 0 0 0 0 0 1 1 0 2 0 0 0
Profit Before Tax 1 0 1 -3 1 4 5 6 6 5 9 8
Provision for Tax 1 0 0 0 -1 1 1 1 1 -0 1 2
Profit After Tax 1 0 0 -3 1 4 4 4 5 5 7 8
Adjustments 0 0 0 0 0 0 0 0 0 0 0 0
Profit After Adjustments 1 0 0 -3 1 4 4 4 6 5 7 8
Adjusted Earnings Per Share 1.6 0 0.4 -5.6 2.4 6.2 5.4 5.7 7.3 7.2 10.2 10.1

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 25% 8% -1% 4%
Operating Profit CAGR 43% 8% 7% 7%
PAT CAGR 40% 21% 12% 21%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR -1% 17% 12% 7%
ROE Average 12% 10% 10% 5%
ROCE Average 14% 12% 12% 10%

Artefact Projects Balance Sheet

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Shareholder's Funds 35 35 35 32 34 39 47 50 56 59 66
Minority's Interest 0 0 0 0 0 0 0 0 0 0 0
Borrowings 0 9 7 7 6 0 6 6 7 0 1
Other Non-Current Liabilities 2 2 3 3 3 3 3 3 3 3 3
Total Current Liabilities 27 22 25 28 34 25 26 27 26 36 33
Total Liabilities 65 68 71 70 76 67 82 86 91 98 103
Fixed Assets 24 23 22 22 21 17 16 16 12 12 12
Other Non-Current Assets 12 12 16 19 14 13 13 14 14 15 35
Total Current Assets 29 33 32 29 41 37 53 56 66 71 55
Total Assets 65 68 71 70 76 67 82 86 91 98 103

Artefact Projects Cash Flow

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Opening Cash & Cash Equivalents 1 0 1 1 1 0 0 0 0 0 0
Cash Flow from Operating Activities 4 -7 9 4 5 2 -7 -4 -1 -0 -19
Cash Flow from Investing Activities 1 6 -4 -1 -2 7 -1 4 9 4 16
Cash Flow from Financing Activities -6 1 -5 -4 -5 -9 8 -0 -8 -3 3
Net Cash Inflow / Outflow -1 0 0 -1 -1 0 0 -0 0 0 -0
Closing Cash & Cash Equivalent 0 0 1 0 0 0 0 0 0 0 0

Artefact Projects Ratios

# Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Earnings Per Share (Rs) 1.63 0.02 0.37 -5.6 2.39 6.19 5.39 5.68 7.35 7.19 10.21
CEPS(Rs) 3.17 1.48 1.83 -4.12 3.92 7.94 6.53 6.47 8.03 7.73 10.79
DPS(Rs) 0 0 0 0 0 0 0 0 0 0 0.5
Book NAV/Share(Rs) 63.8 63.82 64.17 58.57 60.95 66.03 64.6 68.89 76.5 81.5 90.28
Core EBITDA Margin(%) 21.03 19.73 9.77 -0.62 17.51 6.74 14.6 17.86 16.09 10.13 18.64
EBIT Margin(%) 22.58 23.12 18.31 7.43 19.71 22.44 23.74 28.56 39.48 24.11 28.79
Pre Tax Margin(%) 7.08 2.88 2.26 -13.21 3.59 13.97 16.68 19.92 30.24 18.27 24.08
PAT Margin (%) 4.54 0.06 0.89 -14.35 5.86 11.26 12.23 14.96 24.93 18.35 20.96
Cash Profit Margin (%) 8.81 5.1 4.38 -10.56 9.6 14.44 14.8 17.02 27.25 19.71 22.14
ROA(%) 1.36 0.01 0.29 -4.39 1.81 5.01 5.24 4.91 6.02 5.52 7.4
ROE(%) 2.6 0.03 0.58 -9.12 4.01 9.98 9.2 8.52 10.1 9.11 11.89
ROCE(%) 8.69 7.09 7.95 3.13 8.77 14.3 13.57 11.99 12.36 9.98 13.64
Receivable days 322.29 367.58 264.96 308.68 332.59 213.34 168.23 188.15 241.2 195.32 144.57
Inventory Days 0 0 0.94 7.49 27.47 23.95 14.93 10.61 7.42 0 39.83
Payable days 0 0 0 -1336.44 -961.34 1686.36 2117.15 3184.68 4256.39 6820.6 -1783.8
PER(x) 22.52 1840.18 85.14 0 10.65 4.45 6.3 10.71 4.87 13.46 5.53
Price/Book(x) 0.58 0.5 0.49 0.7 0.42 0.42 0.53 0.88 0.47 1.19 0.63
Dividend Yield(%) 0 0 0 0 0 0 0 0 0 0 0.88
EV/Net Sales(x) 1.74 2.2 1.43 1.81 1.28 0.75 1.09 2.46 1.85 3.16 1.77
EV/Core EBITDA(x) 6.49 7.83 6.56 16.13 5.47 3.24 4.86 6.85 4.71 10.54 5.07
Net Sales Growth(%) -10.79 -19.54 43.98 -6.32 4.63 41.41 0.6 -26.54 -22.93 33.05 24.31
EBIT Growth(%) 9.2 -17.61 14.01 -61.98 177.58 60.99 6.4 3.66 7.19 -18.74 48.42
PAT Growth(%) 833.47 -98.93 2017.57 -1615.65 142.76 171.58 9.25 5.38 29.23 -2.08 41.98
EPS Growth(%) 833.45 -98.93 2017.57 -1615.65 142.76 158.71 -12.9 5.38 29.23 -2.08 41.98
Debt/Equity(x) 0.43 0.53 0.47 0.55 0.52 0.25 0.35 0.37 0.23 0.17 0.22
Current Ratio(x) 1.07 1.49 1.27 1.05 1.21 1.48 2 2.06 2.52 1.98 1.64
Quick Ratio(x) 1.07 1.49 1.27 1.02 1.13 1.42 1.96 2.04 2.51 1.98 1.53
Interest Cover(x) 1.46 1.14 1.14 0.36 1.22 2.65 3.36 3.31 4.27 4.13 6.11
Total Debt/Mcap(x) 0.75 1.04 0.96 0.8 1.24 0.6 0.66 0.41 0.49 0.14 0.36

Artefact Projects Shareholding Pattern

# Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025
Promoter 39.09 39.09 39.09 39.09 39.09 39.09 39.09 39.09 39.09 39.09
FII 0.69 0.69 0.69 0.69 0.34 0 0 0 0 0
DII 0 0 0 0 0 0 0 0 0 0
Public 60.23 60.23 60.23 60.23 60.57 60.91 60.91 60.91 60.91 60.91
Others 0 0 0 0 0 0 0 0 0 0
Total 100 100 100 100 100 100 100 100 100 100

Artefact Projects News

Artefact Projects Pros & Cons

Pros

  • Stock is trading at 0.6 times its book value
  • Debtor days have improved from 6820.6 to -1783.8days.
  • Company is almost debt free.

Cons

  • Promoter holding is low: 39.09%.
  • Company has a low return on equity of 10% over the last 3 years.
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