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Artson Overview

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 w...Read More

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Artson Key Financials

Market Cap ₹603 Cr.

Stock P/E 173.1

P/B -97.3

Current Price ₹163.4

Book Value ₹ -1.7

Face Value 1

52W High ₹216.9

Dividend Yield 0%

52W Low ₹ 125.3

Artson Share Price

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Volume
Price

Artson Quarterly Price

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Artson Quarterly Results

#(Fig in Cr.) Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
Net Sales 31 25 25 20 18 51 45 48 32 39
Other Income 0 1 0 0 19 0 0 0 0 0
Total Income 31 25 25 20 37 51 45 48 32 39
Total Expenditure 28 22 23 21 25 47 41 48 46 33
Operating Profit 4 4 2 -1 12 4 3 0 -14 6
Interest 2 3 3 2 2 3 2 2 2 2
Depreciation 1 1 1 1 1 1 1 1 1 1
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0 0
Profit Before Tax 0 0 -1 -4 9 1 0 -3 -17 3
Provision for Tax -0 -1 -0 -1 2 0 0 -1 -5 -0
Profit After Tax 0 1 -0 -3 6 1 0 -2 -12 3
Adjustments 0 0 0 -0 0 -0 0 0 0 0
Profit After Adjustments 0 1 -0 -3 6 1 0 -2 -12 3
Adjusted Earnings Per Share 0.1 0.4 -0.1 -0.8 1.7 0.2 0.1 -0.6 -3.3 0.9

Artson 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 65 110 101 132 158 163 150 173 131 128 114 164
Other Income 0 4 6 9 4 7 2 1 1 1 19 0
Total Income 65 114 107 141 162 170 152 174 132 129 133 164
Total Expenditure 62 107 96 129 153 152 146 166 142 114 116 168
Operating Profit 3 7 11 12 8 18 6 8 -10 15 17 -5
Interest 3 4 4 5 7 10 10 11 10 10 10 8
Depreciation 2 2 1 1 1 2 1 1 1 2 2 4
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0 0 0 0
Profit Before Tax -2 2 6 5 0 6 -5 -4 -21 2 5 -17
Provision for Tax 0 0 -21 4 2 7 1 1 3 -4 1 -6
Profit After Tax -2 2 27 1 -2 -1 -6 -5 -24 6 3 -11
Adjustments 0 0 0 0 0 0 0 0 0 0 0 0
Profit After Adjustments -2 2 27 1 -2 -1 -6 -5 -24 6 3 -11
Adjusted Earnings Per Share -0.5 0.5 7.4 0.4 -0.5 -0.2 -1.5 -1.4 -6.4 1.6 0.9 -2.9

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR -11% -13% -7% 6%
Operating Profit CAGR 13% 29% -1% 19%
PAT CAGR -50% 0% 0% 0%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR 7% 36% 28% 14%
ROE Average 124% 41% -348% -160%
ROCE Average 26% 9% 10% 19%

Artson 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 -66 -62 6 6 6 5 0 0 -15 1 5
Minority's Interest 0 0 0 0 0 0 0 0 0 0 0
Borrowings 40 37 17 17 3 18 11 7 16 12 12
Other Non-Current Liabilities 2 0 -21 -15 -13 -4 -3 1 6 9 9
Total Current Liabilities 88 137 78 86 135 135 162 132 149 129 150
Total Liabilities 64 112 80 94 131 155 170 141 156 151 175
Fixed Assets 7 4 4 5 5 10 10 11 12 17 14
Other Non-Current Assets 16 11 9 10 7 9 9 10 12 11 4
Total Current Assets 41 97 67 79 119 136 152 119 132 123 158
Total Assets 64 112 80 94 131 155 170 141 156 151 175

Artson 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 2 1 7 -2 -8 -13 -39 -18 -22 0 0
Cash Flow from Operating Activities 1 11 1 -0 3 -13 16 14 -4 -4 20
Cash Flow from Investing Activities 1 -0 0 -2 -2 -5 -2 -2 -2 -1 7
Cash Flow from Financing Activities -2 -4 -11 -4 -5 -8 7 -16 7 5 -23
Net Cash Inflow / Outflow -0 6 -10 -6 -5 -26 21 -4 0 -0 5
Closing Cash & Cash Equivalent 1 7 -2 -8 -13 -39 -18 -22 -21 0 5

Artson 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) -0.54 0.46 7.36 0.35 -0.46 -0.2 -1.54 -1.36 -6.37 1.64 0.94
CEPS(Rs) 0.1 0.97 7.61 0.63 -0.15 0.29 -1.25 -1.04 -6.04 2.19 1.59
DPS(Rs) 0 0 0 0 0 0 0 0 0 0 0
Book NAV/Share(Rs) -17.84 -16.86 1.63 1.58 1.52 1.4 0.03 0.13 -4.11 0.25 1.27
Core EBITDA Margin(%) 4.32 2.92 4.18 1.99 2.88 7.04 2.72 3.88 -8.04 10.92 -2.19
EBIT Margin(%) 1.48 4.6 9.28 8.21 4.42 9.97 3.37 3.71 -8.22 9.84 12.83
Pre Tax Margin(%) -2.83 1.45 5.43 4.1 0.08 3.82 -3.4 -2.53 -15.96 1.8 4.23
PAT Margin (%) -2.83 1.45 25.95 0.99 -1.07 -0.45 -3.78 -2.91 -17.89 4.72 3.07
Cash Profit Margin (%) 0.54 3.06 26.82 1.75 -0.35 0.66 -3.07 -2.23 -16.97 6.31 5.18
ROA(%) -2.98 1.93 28.37 1.5 -1.5 -0.52 -3.49 -3.24 -15.85 3.94 2.14
ROE(%) 0 0 0 22.1 -29.5 -13.71 -215.36 -1648.55 0 0 124.47
ROCE(%) 0 0 70.89 37.26 19.9 32.26 8.76 12.08 -22.4 24.03 25.67
Receivable days 67.51 120.36 155.88 77.07 72.5 74.8 115.9 127.92 153.77 140.65 180.47
Inventory Days 97.17 57.58 61.63 57.56 48.79 39.83 34.99 21.95 55.59 78.71 87.1
Payable days 342.28 232.34 362.65 394.29 316.13 413.43 403.19 407.72 549.72 459.07 650.33
PER(x) 0 82.26 6.45 204.2 0 0 0 0 0 85.5 143.05
Price/Book(x) -1.57 -2.24 29.23 45.75 26.07 14.35 1266.61 881.27 -16.4 565.38 106.42
Dividend Yield(%) 0 0 0 0 0 0 0 0 0 0 0
EV/Net Sales(x) 2.53 1.76 1.93 2.21 1.11 0.8 1.31 2.83 2.33 4.51 4.76
EV/Core EBITDA(x) 47.86 26.74 18.3 24.62 21.59 7.18 32.05 64.42 -31.95 39.45 31.88
Net Sales Growth(%) -18.11 70.72 -8.99 31.37 19.61 3.16 -7.8 14.88 -23.88 -2.51 -11.37
EBIT Growth(%) 129.86 417.12 80.7 11.88 -35.83 132.85 -68.8 26.21 -268.79 216.69 15.65
PAT Growth(%) 76.06 184.93 1503.71 -95.19 -228.92 56.29 -670.42 11.44 -367.46 125.74 -42.43
EPS Growth(%) 76.06 184.92 1503.84 -95.19 -228.93 56.3 -670.59 11.44 -367.46 125.74 -42.43
Debt/Equity(x) -0.93 -1.02 3.4 4.47 5.82 11.13 462.45 105.46 -3.88 65.87 10.18
Current Ratio(x) 0.47 0.71 0.86 0.92 0.88 1 0.94 0.9 0.88 0.95 1.05
Quick Ratio(x) 0.25 0.58 0.63 0.64 0.75 0.88 0.86 0.83 0.68 0.76 0.85
Interest Cover(x) 0.34 1.46 2.41 2 1.02 1.62 0.5 0.59 -1.06 1.22 1.49
Total Debt/Mcap(x) 0.59 0.45 0.12 0.1 0.22 0.78 0.37 0.12 0.24 0.12 0.1

Artson Shareholding Pattern

# Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
Promoter 75 75 75 75 75 75 75 75 75 75
FII 0 0 0 0 0 0 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 24.99 24.99 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

Artson News

Artson Pros & Cons

Pros

  • Stock is trading at -97.3 times its book value
  • Company has a good return on equity (ROE) track record: 3 Years ROE 41%

Cons

  • Debtor days have increased from 459.07 to 650.33days.
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