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Art Nirman Ltd Stock Analysis

Small Cap
Evaluated by 16 users | BSE: 0 | NSE: ARTNIRMAN |
Construction - Real Estate
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...

Analysis of Financial Track Record

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.
Value Creation
 Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20
Return on Capital Employed 0.91%-1%1.32%6.84%8.83%3.39%9.18%8.85%6.78%
Growth Parameters
Growth Parameters Colour Code Guide
Net Sales (Rs. Cr.) 000025.625.734.518.962.1
Y-o-Y Gr. Rt.-NANANANA0.4%34.2%-45.3%228.9%
Adjusted EPS (Rs.) 9.83-40.23-12.244.91.280.481.471.080.33
Y-o-Y Gr. Rt.--509.3%NANA-73.9%-62.5%206.3%-26.5%-69.4%
Book Value per Share (Rs.) 19.83-20.4-32.643.7911.2618.2519.7319.4818.02
Adjusted Net Profit 00000.50.41.11.30.8
Net Op. Cash Flow (Rs. Cr.) 03.3-3.601.8-41.4-13.823.4-7.2
Debt to Cash Flow from Ops 00.53-1.68327.711.21-0.43-4.512.14-4.68
Standalone financials take only the parent company into account while consolidated financials take into account financials of the parent company as well as of all its subsidiaries. In most companies consolidated financials should be used for analysis.
Art Nirman Ltd. should be analysed on a Standalone basis
CAGR
CAGR Colour Code Guide
  9 yrs 5 yrs 3 yrs 1 yr
Net Sales NANA34.2%228.9%
Adjusted EPS NA-41.7%-11.7%-69.4%
Book Value per Share 036.6-0.4-7.5
Share Price - - - -
Key Financial Parameter
Performance Ratio Colour Code Guide
 Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20
Return on Equity (%) 49.5713986.9646.15-33.9622.73.977.766.012.21
Operating Profit Margin (%) 00004.934.6121.6952.8113.45
Net Profit Margin (%) 000021.423.256.971.31
Debt to Equity 266.34-85.81-187.143223.610.481.294.142.110.75
Working Capital Days 00002895668602,350798
Cash Conversion Cycle 00002274085881,411673
Entity Percentage Holding
Promoters 73.65%
Non-Institutions 26.35%
Pledged *0.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)
Data is not available for this company.

Data is not available for this company.

Data is not available for this company

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

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.

 

Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323

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