Market Cap ₹654 Cr.
Stock P/E 108.1
P/B -71.6
Current Price ₹177.2
Book Value ₹ -2.5
Face Value 1
52W High ₹218.1
Dividend Yield 0%
52W Low ₹ 62
Artson Engineering Ltd engages in the engineering, procurement, and construction of large diameter storage tanks, equipment erection, commercial plant piping and pipe spooling, and structural fabrication projects in India and across the world. It gives structural steel fabrication services to grease and gas, fertilizer, electricity, minerals and metal, chemical and petrochemical industries. The business enterprise also manufactures plant building structures, technology systems, pipe racks, stacks/chimneys, and ducting/cladding merchandise, as well as large diameter plate fabricated pipes, mitre bends, and silos. In addition, it manufactures and sells pressure vessels, buffer vessels, columns, heat exchangers, stacks, storage tanks, and LPG/propane bullets; and carbon steel and chrome steel gadget. The organisation was incorporated in 1978 and is primarily based in Hyderabad, India. It is a subsidiary of Tata Projects Ltd.
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Price falls below X
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PE falls below X
₹ | |
| #(Fig in Cr.) | Dec 2021 | Mar 2022 | Jun 2022 | Sep 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net Sales | 42 | 47 | 37 | 34 | 31 | 29 | 42 | 30 | 31 | 25 |
| Other Income | 0 | 0 | 0 | 0 | 0 | 1 | 0 | 0 | 0 | 1 |
| Total Income | 42 | 47 | 37 | 34 | 31 | 30 | 42 | 30 | 31 | 25 |
| Total Expenditure | 43 | 46 | 39 | 37 | 30 | 36 | 38 | 26 | 28 | 22 |
| Operating Profit | -1 | 1 | -2 | -3 | 1 | -6 | 4 | 4 | 4 | 4 |
| Interest | 3 | 2 | 2 | 2 | 3 | 3 | 3 | 2 | 2 | 3 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 1 |
| Exceptional Income / Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax | -4 | -2 | -4 | -5 | -2 | -9 | 1 | 1 | 0 | 0 |
| Provision for Tax | -0 | 0 | 0 | 1 | -0 | 1 | -0 | -2 | -0 | -1 |
| Profit After Tax | -4 | -2 | -5 | -7 | -2 | -10 | 1 | 3 | 0 | 1 |
| Adjustments | 0 | 0 | 0 | -0 | 0 | -0 | 0 | 0 | 0 | 0 |
| Profit After Adjustments | -4 | -2 | -5 | -7 | -2 | -10 | 1 | 3 | 0 | 1 |
| Adjusted Earnings Per Share | -1.1 | -0.5 | -1.3 | -1.8 | -0.5 | -2.7 | 0.3 | 0.9 | 0.1 | 0.4 |
| #(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 | 59 | 79 | 65 | 110 | 101 | 132 | 158 | 163 | 150 | 173 | 131 | 128 |
| Other Income | 0 | 1 | 0 | 4 | 6 | 9 | 4 | 7 | 2 | 1 | 1 | 1 |
| Total Income | 59 | 80 | 65 | 114 | 107 | 141 | 162 | 170 | 152 | 174 | 132 | 128 |
| Total Expenditure | 89 | 81 | 62 | 107 | 96 | 129 | 153 | 152 | 146 | 166 | 142 | 114 |
| Operating Profit | -30 | -2 | 3 | 7 | 11 | 12 | 8 | 18 | 6 | 8 | -10 | 16 |
| 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 |
| Exceptional Income / Expenses | -1 | -0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax | -39 | -8 | -2 | 2 | 6 | 5 | 0 | 6 | -5 | -4 | -21 | 2 |
| Provision for Tax | -0 | 0 | 0 | 0 | -21 | 4 | 2 | 7 | 1 | 1 | 3 | -3 |
| Profit After Tax | -39 | -8 | -2 | 2 | 27 | 1 | -2 | -1 | -6 | -5 | -24 | 5 |
| Adjustments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit After Adjustments | -39 | -8 | -2 | 2 | 27 | 1 | -2 | -1 | -6 | -5 | -24 | 5 |
| Adjusted Earnings Per Share | -10.7 | -2.3 | -0.5 | 0.5 | 7.4 | 0.4 | -0.5 | -0.2 | -1.5 | -1.4 | -6.4 | 1.7 |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Sales CAGR | -24% | -7% | -0% | 8% |
| Operating Profit CAGR | -225% | NAN% | NAN% | 0% |
| PAT CAGR | 0% | 0% | NAN% | 0% |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Share Price CAGR | 177% | 54% | 35% | 18% |
| ROE Average | 0% | -621% | -381% | -171% |
| ROCE Average | -22% | -1% | 10% | -6% |
| #(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 | -55 | -64 | -66 | -62 | 6 | 6 | 6 | 5 | 0 | 0 | -15 |
| Minority's Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Borrowings | 37 | 40 | 40 | 37 | 17 | 17 | 3 | 18 | 11 | 7 | 16 |
| Other Non-Current Liabilities | 2 | 2 | 2 | 0 | -21 | -15 | -13 | -4 | -3 | 1 | 6 |
| Total Current Liabilities | 80 | 91 | 88 | 137 | 78 | 86 | 135 | 135 | 162 | 132 | 149 |
| Total Liabilities | 64 | 70 | 64 | 112 | 80 | 94 | 131 | 155 | 170 | 141 | 156 |
| Fixed Assets | 10 | 9 | 7 | 4 | 4 | 5 | 5 | 10 | 10 | 11 | 12 |
| Other Non-Current Assets | 18 | 16 | 16 | 11 | 9 | 10 | 7 | 9 | 9 | 10 | 12 |
| Total Current Assets | 36 | 45 | 41 | 97 | 67 | 79 | 119 | 136 | 152 | 119 | 132 |
| Total Assets | 64 | 70 | 64 | 112 | 80 | 94 | 131 | 155 | 170 | 141 | 156 |
| #(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 | 1 | 2 | 1 | 7 | -2 | -8 | -13 | -39 | -18 | -22 |
| Cash Flow from Operating Activities | -2 | 11 | 1 | 11 | 1 | -0 | 3 | -13 | 16 | 14 | -4 |
| Cash Flow from Investing Activities | 0 | -0 | 1 | -0 | 0 | -2 | -2 | -5 | -2 | -2 | -2 |
| Cash Flow from Financing Activities | 2 | -10 | -2 | -4 | -11 | -4 | -5 | -8 | 7 | -16 | 7 |
| Net Cash Inflow / Outflow | 0 | 1 | -0 | 6 | -10 | -6 | -5 | -26 | 21 | -4 | 0 |
| Closing Cash & Cash Equivalent | 1 | 2 | 1 | 7 | -2 | -8 | -13 | -39 | -18 | -22 | -21 |
| # | 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) | -10.67 | -2.26 | -0.54 | 0.46 | 7.36 | 0.35 | -0.46 | -0.2 | -1.54 | -1.36 | -6.37 |
| CEPS(Rs) | -10.17 | -1.85 | 0.1 | 0.97 | 7.61 | 0.63 | -0.15 | 0.29 | -1.25 | -1.04 | -6.04 |
| DPS(Rs) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Book NAV/Share(Rs) | -15 | -17.26 | -17.84 | -16.86 | 1.63 | 1.58 | 1.52 | 1.4 | 0.03 | 0.13 | -4.11 |
| Core EBITDA Margin(%) | -49.37 | -2.94 | 4.32 | 2.92 | 4.18 | 1.99 | 2.88 | 7.04 | 2.72 | 3.88 | -8.04 |
| EBIT Margin(%) | -52.97 | -4.25 | 1.48 | 4.6 | 9.28 | 8.21 | 4.42 | 9.97 | 3.37 | 3.71 | -8.22 |
| Pre Tax Margin(%) | -64.97 | -10.17 | -2.83 | 1.45 | 5.43 | 4.1 | 0.08 | 3.82 | -3.4 | -2.53 | -15.96 |
| PAT Margin (%) | -64.96 | -10.17 | -2.83 | 1.45 | 25.95 | 0.99 | -1.07 | -0.45 | -3.78 | -2.91 | -17.89 |
| Cash Profit Margin (%) | -61.9 | -8.32 | 0.54 | 3.06 | 26.82 | 1.75 | -0.35 | 0.66 | -3.07 | -2.23 | -16.97 |
| ROA(%) | -53.06 | -12.43 | -2.98 | 1.93 | 28.37 | 1.5 | -1.5 | -0.52 | -3.49 | -3.24 | -15.85 |
| ROE(%) | 0 | 0 | 0 | 0 | 0 | 22.1 | -29.5 | -13.71 | -215.36 | -1648.55 | 0 |
| ROCE(%) | -127.16 | -94.94 | 0 | 0 | 70.89 | 37.26 | 19.9 | 32.26 | 8.76 | 12.08 | -22.4 |
| Receivable days | 175.72 | 59.48 | 67.51 | 120.36 | 155.88 | 77.07 | 72.5 | 74.8 | 115.9 | 127.92 | 153.77 |
| Inventory Days | 59.79 | 62.89 | 97.17 | 57.58 | 61.63 | 57.56 | 48.79 | 39.83 | 34.99 | 21.95 | 55.59 |
| Payable days | 273.19 | 368.96 | 342.28 | 232.34 | 362.65 | 394.29 | 316.13 | 413.43 | 403.19 | 407.72 | 549.72 |
| PER(x) | 0 | 0 | 0 | 82.26 | 6.45 | 204.2 | 0 | 0 | 0 | 0 | 0 |
| Price/Book(x) | -1.08 | -1.45 | -1.57 | -2.24 | 29.23 | 45.75 | 26.07 | 14.35 | 1266.61 | 881.27 | -16.4 |
| Dividend Yield(%) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EV/Net Sales(x) | 2.1 | 1.9 | 2.53 | 1.76 | 1.93 | 2.21 | 1.11 | 0.8 | 1.31 | 2.83 | 2.33 |
| EV/Core EBITDA(x) | -4.16 | -81.92 | 47.86 | 26.74 | 18.3 | 24.62 | 21.59 | 7.18 | 32.05 | 64.42 | -31.95 |
| Net Sales Growth(%) | -2.21 | 33.97 | -18.11 | 70.72 | -8.99 | 31.37 | 19.61 | 3.16 | -7.8 | 14.88 | -23.88 |
| EBIT Growth(%) | -304.2 | 89.16 | 129.86 | 417.12 | 80.7 | 11.88 | -35.83 | 132.85 | -68.8 | 26.21 | -268.79 |
| PAT Growth(%) | -196.25 | 78.85 | 76.06 | 184.93 | 1503.71 | -95.19 | -228.92 | 56.29 | -670.42 | 11.44 | -367.46 |
| EPS Growth(%) | -196.25 | 78.85 | 76.06 | 184.92 | 1503.84 | -95.19 | -228.93 | 56.3 | -670.59 | 11.44 | -367.46 |
| Debt/Equity(x) | -1.19 | -0.95 | -0.93 | -1.02 | 3.4 | 4.47 | 5.82 | 11.13 | 462.45 | 105.46 | -3.88 |
| Current Ratio(x) | 0.45 | 0.49 | 0.47 | 0.71 | 0.86 | 0.92 | 0.88 | 1 | 0.94 | 0.9 | 0.88 |
| Quick Ratio(x) | 0.32 | 0.29 | 0.25 | 0.58 | 0.63 | 0.64 | 0.75 | 0.88 | 0.86 | 0.83 | 0.68 |
| Interest Cover(x) | -4.41 | -0.72 | 0.34 | 1.46 | 2.41 | 2 | 1.02 | 1.62 | 0.5 | 0.59 | -1.06 |
| Total Debt/Mcap(x) | 1.1 | 0.66 | 0.59 | 0.45 | 0.12 | 0.1 | 0.22 | 0.78 | 0.37 | 0.12 | 0.24 |
| # | Dec 2021 | Mar 2022 | Jun 2022 | Sep 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 75 | 75 | 75 | 75 | 75 | 75 | 75 | 75 | 75 | 75 |
| FII | 0 | 0 | 0 | 0 | 0.06 | 0.06 | 0 | 0 | 0 | 0 |
| DII | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 |
| Public | 24.99 | 24.99 | 24.99 | 24.99 | 24.92 | 24.92 | 24.99 | 24.99 | 24.99 | 24.99 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 |
| # | Dec 2021 | Mar 2022 | Jun 2022 | Sep 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 2.77 | 2.77 | 2.77 | 2.77 | 2.77 | 2.77 | 2.77 | 2.77 | 2.77 | 2.77 |
| FII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| DII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Public | 0.92 | 0.92 | 0.92 | 0.92 | 0.92 | 0.92 | 0.92 | 0.92 | 0.92 | 0.92 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 3.69 | 3.69 | 3.69 | 3.69 | 3.69 | 3.69 | 3.69 | 3.69 | 3.69 | 3.69 |
Pros
Cons
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| Companies | Open Date | Close Date | Issue Price | Cost of 1 Lot | GMP | Expected Listing | Listing Gain(%) | Listing Price | Current Price | Type | Exchange |
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| Companies | Open Date | Close Date | Issue Price | Cost of 1 Lot | GMP | Expected Listing | Listing Gain(%) | Listing Price | Current Price | Type | Exchange |
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| Companies | Open Date | Close Date | Issue Price | Cost of 1 Lot | GMP | Expected Listing | Listing Gain(%) | Listing Price | Current Price | Type | Exchange |
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