Artefact Projects
Commercial Services
531297 BSE
₹45.00
Close ·
- P/E
- 6.25
Close 4 Nov 2026 ₹45.00 −17.79 −28.3% 1Y
Start ₹62.79
Key Fundamentals
MicrocapCommercial ServicesServicesPrice-based figures at the close · EPS basis: Standalone · TTM
- ROCE
- 10.20%
- Debt to Equity
- 0.22
- EPS (TTM)
- ₹7.20
- Book Value
- ₹97.07
- Market Cap
- —
- P/E (TTM)
- 6.25
- P/B
- 0.46
- ROE
- 7.72%
- Dividend Yield
- 1.09%
- EBITDA
- ₹1.00 Cr
- 52W High
- ₹68.70
- 52W Low
- ₹43.66
Tapetide Score
Data-driven rating, 0–100, as of . How it works →
Overall score
51 Average
Data confidence 100/100
Category scores
- Quality
- 48
- Average
- Returns, margins, earnings quality 22% weight
- Valuation
- 72
- Strong
- Cheap vs sector & own history 24% weight
- Growth
- 56
- Good
- Sales & profit trajectory 9% weight
- Financial Health
- 44
- Weak
- Solvency, leverage, coverage 9% weight
- Momentum
- 22
- Poor
- Trend strength, vol-adjusted 12% weight
- Ownership
- 50
- Average
- FII/DII/promoter flows 24% weight
The Tapetide Score is data analysis, not investment advice. Tapetide is not a SEBI-registered research analyst or investment adviser.
Key Insights
Strengths
1- Stock is trading at 0.52 times its book value
Weaknesses
4- Promoter holding is low: 39.1%
- Company has a low return on equity of 9.43% over last 3 years.
- Earnings include an other income of Rs.3.18 Cr.
- Company has high debtors of 186 days.
Technical Indicators
| Group | Signal | Bearish | Neutral | Bullish |
|---|---|---|---|---|
| Overall | Strong Bearish | 12 | 5 | 2 |
| Oscillators | Neutral | 2 | 5 | 2 |
| Moving Averages | Strong Bearish | 10 | 0 | 0 |
Oscillators
Neutral
Bearish
2
Neutral
5
Bullish
2
Overall
Strong Bearish
Bearish
12
Neutral
5
Bullish
2
Moving Averages
Strong Bearish
Bearish
10
Neutral
0
Bullish
0
Key readings
- RSI (14)
- 36.96
- Neutral
- MACD (12,26,9)
- −1.57
- Bearish
- SMA (50)
- 50.66
- Bearish
- SMA (200)
- 56.75
- Bearish
As of
Growth Rate
From the financial statements below. 10Y, 5Y, 3Y: compound annual growth to Mar 2026; 1Y: fiscal year to Mar 2026 against Mar 2025; TTM: four quarters to Jun 2026 against Jun 2025.
Revenue
| 10Y | +7.27% |
|---|---|
| 5Y | +0.10% |
| 3Y | +21.08% |
| 1Y | +7.36% |
| TTM | +14.01% |
Net profit
| 10Y | +87.00% |
|---|---|
| 5Y | +5.94% |
| 3Y | −0.69% |
| 1Y | −29.61% |
| TTM | −46.75% |
Operating cash flow
| 10Y | Outflow narrowed by ₹6.44 Cr |
|---|---|
| 5Y | Outflow narrowed by ₹6.49 Cr |
| 3Y | Outflow narrowed by ₹0.95 Cr |
| 1Y | Outflow narrowed by ₹18.73 Cr |
| TTM | — |
TTM: Reported once a year, so there is no trailing-twelve-month figure.
Operating margin· change in pp
| 10Y | −4.85 pp |
|---|---|
| 5Y | +0.98 pp |
| 3Y | −3.39 pp |
| 1Y | −6.44 pp |
| TTM | −15.33 pp |
Revenue by year
| Mar 2017 | ₹23.01 Cr |
|---|---|
| Mar 2018 | ₹21.56 Cr |
| Mar 2019 | ₹22.56 Cr |
| Mar 2020 | ₹31.90 Cr |
| Mar 2021 | ₹32.09 Cr |
| Mar 2022 | ₹23.57 Cr |
| Mar 2023 | ₹18.17 Cr |
| Mar 2024 | ₹24.17 Cr |
| Mar 2025 | ₹30.04 Cr |
| Mar 2026 | ₹32.25 Cr |
Net profit by year
| Mar 2017 | ₹0.20 Cr |
|---|---|
| Mar 2018 | −₹3.10 Cr |
| Mar 2019 | ₹1.32 Cr |
| Mar 2020 | ₹3.59 Cr |
| Mar 2021 | ₹3.92 Cr |
| Mar 2022 | ₹4.14 Cr |
| Mar 2023 | ₹5.34 Cr |
| Mar 2024 | ₹5.23 Cr |
| Mar 2025 | ₹7.43 Cr |
| Mar 2026 | ₹5.23 Cr |
Quarterly Results
₹ Cr| Particulars | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 4.23 | 6.44 | 6.38 | 7.12 | 3.12 | 6.85 | 7.33 | 12.74 | 2.21 | 8.97 | 6.74 | 14.33 | 3.17 |
| Expenses | 3.57 | 5.14 | 5.17 | 7.39 | 2.25 | 5.38 | 5.36 | 7.39 | 1.64 | 7.24 | 5.16 | 13.19 | 2.04 |
| Operating Profit | 0.66 | 1.3 | 1.21 | −0.27 | 0.87 | 1.47 | 1.97 | 5.35 | 0.57 | 1.73 | 1.58 | 1.14 | 1.13 |
| OPM % | 15.6% | 20.19% | 18.97% | −3.79% | 27.88% | 21.46% | 26.88% | 41.99% | 25.79% | 19.29% | 23.44% | 7.96% | 35.65% |
| Other Income | 1 | 1.08 | 1.09 | 1.2 | 1.21 | 1.25 | 0.26 | 1.16 | 1.31 | 1.04 | 1.13 | 0.37 | 0.64 |
| Interest | 0.24 | 0.57 | 0.38 | 0.48 | 0.41 | 0.42 | 0.42 | 0.48 | 0.42 | 0.42 | 0.37 | 0.41 | 0.41 |
| Depreciation | 0.1 | 0.1 | 0.1 | 0.09 | 0.09 | 0.1 | 0.11 | 0.09 | 0.11 | 0.11 | 0.12 | 0.09 | 0.1 |
| PBT | 1.32 | 1.71 | 1.82 | 0.36 | 1.58 | 2.2 | 1.7 | 5.94 | 1.35 | 2.24 | 2.22 | 1.01 | 1.26 |
| Tax % | 3.03% | −11.7% | 0% | 38.89% | 8.86% | 19.09% | 27.06% | 2.36% | 24.44% | 25.45% | 20.72% | 14.85% | 25.4% |
| Net Profit | 1.27 | 1.91 | 1.82 | 0.22 | 1.44 | 1.78 | 1.24 | 5.8 | 1.02 | 1.67 | 1.77 | 0.86 | 0.94 |
| EPS (₹) | 1.75 | 2.63 | 2.5 | 0.3 | 1.98 | 2.45 | 1.7 | 7.97 | 1.4 | 2.3 | 2.43 | 1.18 | 1.29 |
Profit & Loss
₹ Cr| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 19.87 | 15.99 | 23.01 | 21.56 | 22.56 | 31.9 | 32.09 | 23.57 | 18.17 | 24.17 | 30.04 | 32.25 | 33.21 |
| Expenses | 15.69 | 12.72 | 20.31 | 21.69 | 18.6 | 26.1 | 27.4 | 18.63 | 14.72 | 21.29 | 23.42 | 27.22 | 27.63 |
| Operating Profit | 4.18 | 3.27 | 2.7 | −0.13 | 3.96 | 5.8 | 4.69 | 4.94 | 3.45 | 2.88 | 6.62 | 5.03 | 5.58 |
| OPM % | 21.04% | 20.45% | 11.73% | −0.6% | 17.55% | 18.18% | 14.62% | 20.96% | 18.99% | 11.92% | 22.04% | 15.6% | 16.8% |
| Other Income | 1.16 | 1.24 | 2.32 | 2.54 | 1.33 | 2.37 | 3.76 | 3.53 | 5.51 | 4.38 | 4.01 | 3.85 | 3.18 |
| Interest | 3.08 | 3.24 | 3.69 | 4.45 | 3.64 | 2.7 | 2.27 | 2.39 | 1.98 | 1.66 | 1.67 | 1.64 | 1.61 |
| Depreciation | 0.85 | 0.81 | 0.8 | 0.82 | 0.84 | 1.02 | 0.83 | 0.57 | 0.5 | 0.39 | 0.42 | 0.43 | 0.42 |
| PBT | 1.41 | 0.46 | 0.53 | −2.86 | 0.81 | 4.45 | 5.35 | 5.51 | 6.48 | 5.21 | 8.54 | 6.81 | 6.73 |
| Tax % | 35.46% | 97.83% | 60.38% | 8.39% | −62.96% | 19.55% | 26.54% | 25.05% | 17.59% | −0.38% | 12.88% | 23.35% | — |
| Net Profit | 0.9 | 0.01 | 0.2 | −3.1 | 1.32 | 3.59 | 3.92 | 4.14 | 5.34 | 5.23 | 7.43 | 5.23 | 5.24 |
| EPS (₹) | 1.63 | 0.02 | 0.36 | −5.61 | 2.39 | 6.19 | 5.39 | 5.69 | 7.34 | 7.19 | 10.21 | 7.19 | 7.2 |
| Div. Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 4.9% | 0% | — |
Balance Sheet
₹ Cr| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 5.53 | 5.53 | 5.53 | 5.53 | 5.53 | 5.8 | 7.28 | 7.28 | 7.28 | 7.28 | 7.28 | 7.28 |
| Reserves | 29.72 | 29.73 | 29.93 | 26.84 | 28.15 | 33.67 | 39.72 | 42.84 | 48.38 | 52.01 | 58.4 | 63.34 |
| Borrowings | 15.16 | 18.51 | 16.71 | 17.93 | 17.42 | 9.53 | 16.28 | 18.35 | 11.8 | 10.08 | 14.64 | 15.22 |
| Other Liabilities | 14.47 | 14.37 | 18.76 | 19.57 | 24.79 | 18.38 | 19.11 | 17.65 | 24.01 | 28.8 | 22.24 | 28.66 |
| Total Liabilities | 64.88 | 68.14 | 70.93 | 69.87 | 75.89 | 67.38 | 82.39 | 86.12 | 91.47 | 98.17 | 103 | 115 |
| Fixed Assets | 23.77 | 22.87 | 22.28 | 21.85 | 21.19 | 17.04 | 16.28 | 15.71 | 11.82 | 11.52 | 12.22 | 12.02 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.35 | 1.03 | 1.67 |
| Investments | 10.4 | 4.9 | 10.9 | 12.9 | 12.9 | 12.9 | 13.16 | 13.19 | 13.06 | 13.06 | 0.16 | 0.09 |
| Other Assets | 30.71 | 40.37 | 37.75 | 35.12 | 41.8 | 37.44 | 52.95 | 57.22 | 66.59 | 73.24 | 89.15 | 101 |
| Total Assets | 64.88 | 68.14 | 70.93 | 69.87 | 75.89 | 67.38 | 82.39 | 86.12 | 91.47 | 98.17 | 103 | 115 |
Cash Flow
₹ Cr| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating | 4.05 | −6.73 | 9.32 | 4.02 | 5.03 | 1.99 | −6.78 | −3.92 | −1.24 | −0.44 | −19.02 | −0.29 |
| Investing | 0.83 | 6.26 | −4.32 | −1.41 | −1.56 | 6.8 | −0.91 | 4.14 | 8.95 | 3.83 | 16 | 1.43 |
| Financing | −6.24 | 0.56 | −4.86 | −3.53 | −4.91 | −8.77 | 7.83 | −0.32 | −7.52 | −3.39 | 2.89 | −1.05 |
| Net Cash Flow | −1.36 | 0.09 | 0.14 | −0.92 | −1.43 | 0.02 | 0.13 | −0.11 | 0.19 | 0 | −0.14 | 0.09 |
| Free Cash Flow | 3.89 | −6.75 | 9.11 | 3.62 | 4.85 | 6.09 | −5.47 | −3.93 | 3.97 | −0.88 | −20.81 | −1.17 |
| CFO/OP | 43 | −135 | 350 | −3,100 | 127 | 7 | −231 | −96 | −36 | −15 | −287 | −6 |
Ratios
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 308 | 352 | 285 | 313 | 366 | 168 | 170 | 210 | 296 | 238 | 149 | 186 |
| Inventory Days | — | — | — | — | — | — | — | — | — | — | — | 447 |
| Days Payable | — | — | — | — | — | — | — | — | — | — | — | 1,319 |
| Cash Conversion Cycle | 308 | 352 | 285 | 313 | 366 | 168 | 170 | 210 | 296 | 238 | 149 | −687 |
| Working Capital Days | −52.9 | 224 | 92.64 | −2.54 | 70.38 | 121 | 231 | 377 | 675 | 474 | 229 | 279 |
| ROCE % | 8.7% | 7.31% | 7.97% | 3.1% | 8.78% | 12.79% | 11.36% | 11.99% | 9.78% | 10.03% | 13.45% | 10.22% |
Insights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
Log in to view Artefact Projects insights
57 extracted metrics across FY08–FY27.
Documents
- 11 Aug 2026
- 11 Feb 2026
- 13 Aug 2025
- 9 Jun 2017
- 27 Jun 2016
- 19 Nov 2015
- 12 Oct 2015
- 13 Aug 2015
- General announcements 10 Oct 2026
- General announcements 28 Sep 2026
Frequently Asked Questions about Artefact Projects
What does Artefact Projects Ltd do?
Incorporated in 1987, Artefact Projects Ltd is in the business of project consultancy as consulting engineers, architects and planners
Where is Artefact Projects Ltd (ARTEFACT) listed?
Artefact Projects Ltd trades under code 531297 on the BSE.
Which sector does Artefact Projects Ltd belong to?
Artefact Projects Ltd is classified under the Commercial Services sector, in the Consulting Services industry.
What is the PE ratio of Artefact Projects Ltd?
Artefact Projects Ltd trades at a PE ratio of 6.25 as of 4 Nov 2026, on earnings per share of ₹7.2, against a book value of ₹97.07 per share.
What is the 52-week high and low of Artefact Projects Ltd?
Over the last 52 weeks Artefact Projects Ltd has traded between ₹43.66 and ₹68.7 as of 4 Nov 2026.
Does Artefact Projects Ltd pay dividends?
Artefact Projects Ltd has a dividend yield of 1.09%.
What is the Return on Equity (ROE) of Artefact Projects Ltd?
Artefact Projects Ltd reported a return on equity of 7.72%. Its debt-to-equity ratio is 0.22.
Company Information
Incorporated in 1987, Artefact Projects Ltd is in the business of project consultancy as consulting engineers, architects and planners
Website artefactprojects.com
Face Value ₹10
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