Art Nirman Ltd (ARTNIRMAN) Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating

BSE: 0 | NSE: ARTNIRMAN | Construction - Real Estate | Small Cap

BSE Share Price
Not Listed

DeciZen - make an informed investing decision on Art Nirman

Based on:

M-Cap below 100cr DeciZen not available

Art Nirman stock performance -

Key Ratios
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P/E Ratio (SA):
74.72
Market Cap:
90.1 Cr.
52-wk low:
0
52-wk high:
0

Is Art Nirman Ltd an attractive stock to invest in?

1. Is Art Nirman Ltd a good quality company?

Past 10 year’s financial track record analysis by Moneyworks4me indicates that Art Nirman Ltd is a below average quality company.

2. Is Art Nirman Ltd undervalued or overvalued?

The key valuation ratios of Art Nirman Ltd's currently when compared to its past seem to suggest it is in the Somewhat Undervalued zone.

3. Is Art Nirman Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Art Nirman 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 Art Nirman:

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.
Art Nirman Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation

Value Creation Index Colour Code Guide

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
ROCE % 12.6%5.7%13.1%12.6%9.8%3.1%-25.1%0.8%4.6%6.6%-
Value Creation
Index
-0.1-0.6-0.1-0.1-0.3-0.8-2.8-0.9-0.7-0.5-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 25.625.734.518.962.185.136.819.734.327.420
Sales YoY Gr.-0.4%34.2%-45.3%228.9%36.9%-56.7%-46.5%73.9%-20.1%-
Adj EPS 1.30.51.51.10.30-4.40.10.50.80.5
YoY Gr.--62.5%206.3%-26.5%-69.4%-97%-44200%NA840%70.2%-
BVPS (₹) 11.318.319.719.5181813.613.714.114.915.1
Adj Net
Profit
0.50.41.11.30.80-110.11.221
Cash Flow from Ops. 1.8-41.4-13.823.4-7.219.89.3-7.31.6-13.4-
Debt/CF from Ops. 1.2-0.4-4.52.1-4.70.30-0.41.8-1.4-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 0.8%-15.1%-9.4%-20.1%
Adj EPS -5.1%19.4%NA70.2%
BVPS3.2%-3.7%3.1%5.7%
Share Price - 11.6% -16% -23.6%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity %
22.747.862.20-27.80.33.45.53.2
Op. Profit
Mgn %
4.94.621.752.813.53-26.94.961216.6
Net Profit
Mgn %
21.43.371.30-29.90.63.47.36.1
Debt to
Equity
0.51.34.12.10.80.100.10.10.5-
Working Cap
Days
2895668602,350798392434731477694438
Cash Conv.
Cycle
2274085881,411673329341516215340309

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 3.20%

Sales growth has been subdued in last 3 years -9.40%

Net Profit has been subdued in last 3 years 0.00%

Sales growth is not so good in last 4 quarters at -42.68%

Latest Financials - Art Nirman Ltd.

Standalone Consolidated
TTM EPS (₹) 0.5 -
TTM Sales (₹ Cr.) 19.7 -
BVPS (₹.) 15.1 -
Reserves (₹ Cr.) 13 -
P/BV 2.39 -
PE 74.72 -
From the Market
52 Week Low / High (₹) 0.00 / 0.00
All Time Low / High (₹) - / -
Market Cap (₹ Cr.) 90.1
Equity (₹ Cr.) 25
Face Value (₹) 10
Industry PE 44.9

Management X-Ray of Art Nirman:

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 (%)

Valuation of Art Nirman - Standalone Basis

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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Analyst's Notes

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Key Ratios of Art Nirman

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Sales25.6225.7134.5118.8962.1285.0636.8319.7234.2927.39
Operating Expenses 24.3624.5327.028.9253.7782.4746.7318.7532.2524.11
Manufacturing Costs2.686.238.6517.8115.422.821.756.595.4123.48
Material Costs16.6513.078.76-15.7532.6771.8536.378.9819.59-1.94
Employee Cost 0.350.541.081.751.731.040.911.010.780.71
Other Costs 4.684.698.535.103.946.777.692.176.461.87
Operating Profit 1.261.187.499.988.352.58-9.900.972.043.28
Operating Profit Margin (%) 4.9%4.6%21.7%52.8%13.4%3.0%-26.9%4.9%6.0%12.0%
Other Income 0.020.260.470.620.110.140.060.030.350.40
Interest 0.460.415.547.996.471.990.450.210.571.13
Depreciation 0.090.340.820.760.750.730.710.710.680.58
Exceptional Items 0000000000
Profit Before Tax 0.730.691.601.851.240.01-11.010.081.151.97
Tax 0.210.330.480.530.42-0.01-0.01-0.03-0.03-0.03
Profit After Tax 0.510.371.121.320.820.02-110.111.181.99
PAT Margin (%) 2.0%1.4%3.2%7.0%1.3%0.0%-29.9%0.6%3.4%7.3%
Adjusted EPS (₹)1.30.51.51.10.30.0-4.40.00.50.8
Dividend Payout Ratio (%)0%0%0%0%0%0%0%0%0%0%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25

Equity and Liabilities

Shareholders Fund 4.5113.881523.7244.98453434.1235.2937.29
Share Capital 47.607.6012.1824.9624.9624.9624.9624.9624.96
Reserves 0.516.287.4011.5420.0220.049.059.1610.3412.33
Minority Interest0000000000
Debt2.0517.5251.4923.4019.164.950.232.532.9218.06
Long Term Debt2.0517.5249.4723.3019.074.850.132.432.8217.96
Short Term Debt002.030.100.100.100.100.100.100.10
Trade Payables0.967.719.1413.699.403.501.586.726.766.66
Others Liabilities 10.6535.6835.2393.5964.579.769.178.538.206.81
Total Liabilities 18.1774.79110.86154.39138.1163.2244.9851.8953.1868.82

Fixed Assets

Gross Block0.9410.3010.5610.6910.7010.7310.7510.7510.6810.71
Accumulated Depreciation0.240.581.402.082.833.554.274.975.566.15
Net Fixed Assets 0.719.729.168.627.877.186.485.785.114.56
CWIP 0000000000
Investments 0000.300.320.340.32000
Inventories15.6344.9669.78112.5399.2733.218.2314.3119.1242.21
Trade Receivables07.6118.9824.3520.9014.1317.9623.013.322.49
Cash Equivalents 0.292.461.712.151.651.095.150.204.353.76
Others Assets 1.5510.0411.236.458.117.276.848.5921.2715.79
Total Assets 18.1774.79110.86154.39138.1163.2244.9851.8953.1868.82

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity 1.76-41.40-13.8023.44-7.2119.819.30-7.301.59-13.41
PBT 0.730.691.601.851.240.01-11.010.081.151.97
Adjustment 0.550.505.657.866.862.501.130.891.112.63
Changes in Working Capital 0.7-42.36-20.6414.21-14.9117.2819.18-8.27-0.67-18
Tax Paid -0.21-0.24-0.40-0.48-0.390.020000
Cash Flow From Investing Activity -0.21-9.100.280.460.360.19-0.060.25-1.13-0.42
Capex -0.21-9.35-0.26-0.14-0.01-0.03-0.01-0.010.03-0.03
Net Investments 0000000.030.3200
Others 0.010.250.540.590.370.22-0.08-0.05-1.16-0.39
Cash Flow From Financing Activity -1.3652.6812.77-23.476.35-20.55-5.172.09-0.1813.45
Net Proceeds from Shares 0007.3215.3400000
Net Proceeds from Borrowing -0.9044.080000-4.722.300.4015.13
Interest Paid -0.46-0.41-5.54-7.99-6.47-1.99-0.45-0.21-0.57-1.68
Dividend Paid 0000000000
Others 09.0118.31-22.80-2.52-18.56-0000
Net Cash Flow 0.202.18-0.750.43-0.50-0.564.06-4.960.28-0.38

Finance Ratio

PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Ratios
ROE (%)22.73.977.766.812.380.05-27.840.333.45.49
ROCE (%)12.575.7313.1212.69.773.11-25.080.824.596.61
Asset Turnover Ratio1.210.550.370.140.420.840.680.410.650.45
PAT to CFO Conversion(x)3.45-111.89-12.3217.76-8.79990.5N/A-66.361.35-6.74
Working Capital Days
Receivable Days01081414191337515937914039
Inventory Days2514306071,761622284205209178409
Payable Days29121351-2651293326169126-1,262

Art Nirman Ltd Stock News

Art Nirman Ltd FAQs

The current trading price of Art Nirman on 01-Jan-1970 05:30 is ₹0.00.
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 31-Dec-1969 the market cap of Art Nirman stood at ₹90.12.
The latest P/E ratio of Art Nirman as of 31-Dec-1969 is 74.72.
The latest P/B ratio of Art Nirman as of 31-Dec-1969 is 2.39.
The 52-week high of Art Nirman is ₹0.00 and the 52-week low is ₹0.00.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Art Nirman is ₹19.68 ( Cr.) .

About Art Nirman Ltd

Art Nirman was incorporated in the year 2011, with a vision to carry on the business of real estate development in and around the city of Ahmedabad, Gujarat. In 2013, it started construction of its first residential cum commercial project “Shri Vishnudhara Cross Road” in Ahmedabad, in Joint Development Agreement with its Director, Dharmishtaben Thakker, owner of the project land. It successfully completed construction of “Shri Vishnudhara Cross Road” project in the year 2016, which consist of 5 towers containing total of 154 residential apartments of 2 and 3 BHK and 25 commercial shops, with a total built up area of 2,09,701 sq. ft. (aprox.) As on date of prospectus, it has successfully sold 129 residential flats and 21 commercial offices in its “Shri Vishnudhara Cross Road” project. Further, it has received bookings for 23 residential flats and 4 commercial flats from the Customers for the said project.

The company also undertakes work contracts for the development of residential & commercial projects. Currently, it has one ongoing work contract which has been undertaken from its Promoter Group firm Dhara Developers, for carrying out activities such as plastering, tiles fitting, painting, electrical fitting, plumbing, doors and windows fitting, etc. in a residential cum commercial project, “Vishnudhara Homes” located in Ahmedabad. Further, it has received offer from its Group Companies for carrying out construction work in their forthcoming projects, which will be of building a hotel and a club under Contract. The company is yet to consider their offers as the approved site plans, Contract terms and other details of the projects, has not been finalized by its Group Companies.

Business area of the company

The company is Ahmedabad, Gujarat based real estate developer involved in development of residential & commercial projects. The company carries all the construction activities by subcontracting the project work to third party contractors.

Milestones

  • 2011: Incorporation of the Company in the name and style of “Vishnudhara Builders Private Limited”.
  • 2011: Change in the name of the company from “Vishnudhara Builders Private Limited” to “Vishnudhara Buildcon Private Limited”.
  • 2011: Change in the name of the company from “Vishnudhara Buildcon Private Limited” to “Art Nirman Private Limited”.
  • 2013: Commenced construction and development work of its first residential cum commercial project “ShriVishnudhara Cross Road”.
  • 2016: Completed Construction and development work of the project “Shri Vishnudhara Cross Road”.
  • 2016: Conversion of the company from Private Limited to Public Limited Company.

 

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