Artson Engineering Ltd Stock Analysis

BSE: 522134 | NSE: ARTSONENGG | Engineering - Industrial Equipments | Small Cap

BSE Share Price 27-Jan-2023 18:01
75.45 -0.40 (-0.53%)

DeciZen - Make an Informed Decision on Artson Engineering

Overall Rating
M-Cap below 500cr. High Risk from low Liquidity

1. Quality

2. Valuation

Fair

3. Price Trend

Artson Engineering Price Chart

P/E Ratio ( SA) :
0.00
Market Cap :
278.6 Cr.
52-wk low :
49.4
52-wk high :
130
Bole Toh?

1. Is Artson Engineering Ltd a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Artson Engineering Ltd is a average quality company.

2. Is Artson Engineering Ltd undervalued or overvalued?

The key valuation ratios of Artson Engineering Ltd's currently when compared to its past seem to suggest it is in the Fair zone.

3. Is Artson Engineering Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Artson Engineering Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of Artson Engineering:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Artson Engineering Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Value Creation Index Colour Code Guide

Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22TTM
ROCE % -134.4%-129.4%-2.3%-227.5%221.1%18.1%9.6%12.5%2.9%4.8%-
Value Creation Index NANANA-17.314.80.3-0.3-0.1-0.8-0.7-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 597964.7110101132158163150173149
YoY Gr. Rt. %-34%-18.1%70.7%-9%31.4%19.6%3.2%-7.8%14.9%-
Adj EPS -10.6-2.2-0.60.47.50.4-0.4-0.2-1.5-1.4-4.2
YoY Gr. Rt. %-NANANA1762.5%-94.6%-195%NANANA-
BVPS (₹) -15-17.3-17.8-16.91.61.61.51.400.1-3.5
Adj Net Profit -39-8.1-21.527.51.5-1.4-0.7-5.4-5-15
Cash Flow from Ops. -2.410.81.310.91.4-0.22.8-12.915.914.2-
Debt/CF from Ops. -27.35.647.15.814.5-144.611.6-4.53.33.7-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 12.7%11.4%3%14.9%
Adj EPS NA-171.1%NANA
BVPS 0-39.7-55.9333.3
Share Price 13.1% -4.9% 23.4% -25.4%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22TTM
Return on Equity % 109.413.73.1-2.3-97.824.9-24.8-13.7-206.2-1631.2246.3
Op. Profit Mgn % -50.7-2.94.73.14.82.23.1733.9-1.9
Net Profit Mgn % -66.2-10.3-3.21.427.31.1-0.9-0.5-3.6-2.9-10.4
Debt to Equity -1.2-1-0.9-13.44.55.811.1462.5105.5-
Working Cap Days 3702462972433042262442973663030
Cash Conv. Cycle 15712-116642-29-52-69-50-290

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 246.30%

Debt to equity has declined versus last 3 years average to 105.46

Sales growth has been subdued in last 3 years 3.00%

Sales growth is not so good in last 4 quarters at -21.60%

Latest Financials - Artson Engineering Ltd.

Standalone Consolidated
TTM EPS (₹) -4.2 -
TTM Sales (₹ Cr.) 149 -
BVPS (₹.) -3.5 -
Reserves (₹ Cr.) -17 -
P/BV -21.34 -
PE 0.00 -
From the Market
52 Week Low / High (₹) 49.40 / 129.95
All Time Low / High (₹) 0.85 / 150.90
Market Cap (₹ Cr.) 279
Equity (₹ Cr.) 3.7
Face Value (₹) 1
Industry PE 19.3

Management X-Ray of Artson Engineering :

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Artson Engineering

Adj EPS (Rs.)
Sales (Cr.)
ROE (%)
ROCE (%)

News

Artson Engineering Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Artson Engineering on 27-Jan-2023 18:01 is : 75.45.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 27-Jan-2023 18:01 the market cap of Artson Engineering stood at ₹ 278.6.
The latest PE ratio of Artson Engineering as of 27-Jan-2023 18:01 is 0.00.
The latest PB ratio of Artson Engineering as of 27-Jan-2023 18:01 is -21.34
The 52-week high of Artson Engineering is ₹ 129.9 and the 52-week low is ₹ 49.40.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue / sales of Artson Engineering is ₹ 148.7 ( Cr.) .

About Artson Engineering Ltd

Artson Engineering, a subsidiary of Tata Projects is a multi-disciplinary design and construction services company. It was incorporated on Sept. 18, 1978 and converted into a public limited company on Sept. 22, 1986. The registered office is located at 426, M.L. Aggarwal Building, 1st Floor, Waman Tukaram Patil Marg, Opposite Shatabdi Hospital, Chembur, Mumbai-400071.

Since inception, the Company was engaged in pioneering work in developing products and systems in fuel handling and tankage construction activities in Refineries, this led the Company to become one of the foremost companies in India with specialization in Petroleum Storage and handling systems. In the year 1990, the Company established its own manufacturing facility at Ambad (Nashik) to support its Engineering Procurement and Construction (EPC) projects. By the Year 1994, the Company was already engaged in the multidisciplinary engineering activities.

Over the years, the Company has developed its capabilities in the multi-disciplinary construction fields for the Hydrocarbon process industry and has successfully executed, on turn-key basis, many prestigious construction contracts. The Company has thus emerged as one of the leading Design Engineering Procurement and Construction Companies in the Petroleum Storage and handling system. During the span of three decades, the Company has successfully commissioned, on turn-key basis, several fuel storage and handling facility systems and emerged as one of the foremost companies in the country which specializes in such systems. The Company’s expertise has gradually expanded beyond the Country and has been executing prestigious overseas contracts as well.

As per the Audited Balance Sheet as on 30th September 2004, the Company's networth was fully eroded due to the accumulated losses. As a consequence, the Company was referred to the BIFR as a sick company under the provisions of Section 3 (1) (O) of the Sick Industrial Companies (Special Provisions) Act, 1985. The Company's reference as a sick company was registered under Case No. 152/ 2004 with the BIFR. At the hearing held on 17th May 2006 before the BIFR, Bank of India was appointed as the Operating Agency to examine viability of the Company and if found feasible, to formulate a rehabilitation scheme.

The Operating Agency submitted a Draft Rehabilitation Scheme on 5th June 2007 and the same was circulated to various parties for their consent. At the hearing held on 27th November 2007, the BIFR sanctioned the Rehabilitation Scheme of the Company and the Order sanctioning the scheme of rehabilitation was received on 18th December, 2007 (Sanctioned Scheme).

In terms of the Sanctioned Scheme, Tata Projects Limited (TPL), has been admitted as the Strategic Investor and Co-promoter of the Company. TPL has committed financial assistance of more than Rs. 28 Crore, of which it has already infused funds aggregating to about Rs. 23 Crore. TPL has acquired 75% stake infusing a sum of Rs.2.77 Crore towards Equity contribution. The Company has thus become a subsidiary of Tata Projects Limited.

TPL has also taken the Management Control of the Company and has inducted its representatives as Nominee Directors on the Board of the Company on 4th January, 2008. In addition to the support in the rehabilitation of the Company as per the Sanctioned Scheme, the Company is in a position to derive benefits from TPL on many grounds including professional management, project execution intellect, quality services, TPL’s strong presence in core sectors of the economy and good governance practices.

Artson Engineering’s Core Competency:

Engineering, Procurement, Construction (EPC) Contracts

EPC services in Oil and Gas Sector. We specialize in Storage Terminals for Oil and Gas. Artson has a strong base in Engineering encompassing Designing, detailing, Layouts, Pipe stress analysis, Civil, Mechanical, Electricals and Instrumentation and commissioning assistance. Has efficient Supply Chain Management which handles all Procurement and ensures timely delivery to the Projects. Project Management teams ensuring timely construction activity with due importance to Quality and Safety. 

Construction Contracts

Proven track record of executing a number of Constructions contracts in multi disciplinary areas like Oil and Gas , Power, Food processing field. Artson employs sound Site Construction Management for Planning, Safety and Quality to Standards and specified codes, timely delivery of Contracts surpassing Customer’s requirements for Quality and Safety.

Manufacturing Division

Modern Manufacturing facilities located in Industrial Area of Ambad near the city of Nashik, about 180 kms from Mumbai. The facility is logistically and strategically located to cater for requirements of Clients in India and Overseas. Manufacturing unit manufactures Pressure Vessels, Skid Mounted Units, Structurals, Prefabricated Tanks and Prefabricated Piping. The company has proven track record of manufacturing complex equipment with various materials of Construction like Carbon Steel, Stainless Steel, Hastelloy, Alloy 20 and Incoloy.

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