---
title: "ARSS Infrastructure Projects Ltd (ARSSINFRA) — Share Price, Financials & Analysis"
symbol: "ARSSINFRA"
company: "ARSS Infrastructure Projects Ltd"
canonical: "https://tapetide.com/stocks/ARSSINFRA"
isin: "INE267I01010"
nse_symbol: "ARSSINFRA"
bse_code: "533163"
sector: "Industrials"
industry: "Construction"
generated_at: "2026-09-13T18:24:13.156Z"
---

# ARSS Infrastructure Projects Ltd (ARSSINFRA)

Canonical page: https://tapetide.com/stocks/ARSSINFRA

## Company

- **NSE Symbol:** ARSSINFRA
- **BSE Code:** 533163
- **ISIN:** INE267I01010
- **Sector:** Industrials
- **Industry:** Construction
- **Macro Sector:** Industrials
- **Stock Type:** EQUITY
- **Listed Since:** 2010-03-03
- **Face Value:** ₹10
- **F&O Eligible:** No
- **Website:** arssgroup.in

## About

Incorporated in 2000, ARSS Infrastructure Projects Ltd is in the business of project execution for various civil and infrastructure projects

## Latest Price

- **Price:** ₹54.27
- **Change:** 0 (0%)
- **Open:** ₹54.27
- **Day High:** ₹54.27
- **Day Low:** ₹54.27
- **Previous Close:** ₹54.27
- **Volume:** 0
- **As Of:** 2025-09-03T07:24:47+00:00

## Key Insights

### Strengths

- Company has reduced debt.
- Stock is trading at 0.13 times its book value
- Company is expected to give good quarter

### Weaknesses

- Company has low interest coverage ratio.
- The company has delivered a poor sales growth of -10.1% over past five years.
- Contingent liabilities of Rs.168 Cr.
- Company might be capitalizing the interest cost
- Debtor days have increased from 59.9 to 150 days.
- Working capital days have increased from -1,578 days to 423 days

## Growth Rates

| Metric | 1Y | 3Y | 5Y |
| --- | --- | --- | --- |
| net income growth | 87% | — | -20% |
| revenue growth | 46% | -29% | -10% |

## Financial Statements

### Quarterly Results

All figures in ₹ crore unless the row name says otherwise.

| Item | 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 | 68 | 75 | 105 | 87 | 34 | 20 | 25 | 19 | 11 | 38 | 77 | 15 |
| Expenses | 68 | 104 | 107 | 86 | 36 | 20 | 36 | 134 | 16 | 41 | 68 | 20 |
| Operating Profit | 0 | -28 | -2 | 1 | -2 | -1 | -11 | -115 | -5 | -2 | 9 | -6 |
| OPM % | 0.7 | -38 | -1.9 | 0.6 | -6 | -3.8 | -43 | -617 | -40 | -6 | 12 | -40 |
| Other Income | 2 | 7 | 4 | 1 | 3 | 1 | 2 | 1 | -3222 | 4 | -207 | 1 |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 11 | 6 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit before tax | 3 | -21 | 1 | 1 | 1 | 0 | -9 | -115 | -3227 | 1 | -210 | -11 |
| Tax % | 18 | 2 | 34 | 34 | -10 | 172 | 5 | 0 | 0 | 113 | 0 | 0 |
| Net Profit | 2 | -22 | 1 | 1 | 1 | 0 | -10 | -116 | -3227 | 0 | -211 | -11 |
| EPS in Rs | 0.97 | -9.62 | 0.4 | 0.33 | 0.52 | -0.08 | -4.18 | -50.81 | -1419.38 | -0.05 | -92.59 | -4.79 |

### Profit & Loss

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 584 | 459 | 289 | 248 | 289 | 403 | 321 | 165 | 146 | 142 |
| Expenses | 526 | 450 | 318 | 318 | 411 | 411 | 367 | 178 | 259 | 146 |
| Operating Profit | 58 | 9 | -29 | -69 | -122 | -8 | -46 | -13 | -113 | -4 |
| OPM % | 10 | 2 | -10 | -28 | -42 | -2 | -14 | -8 | -78 | -2.8 |
| Other Income | -76 | 25 | 66 | 33 | 17 | 18 | 15 | 8 | -3425 | -3425 |
| Interest | 41 | 29 | 5 | 2 | 2 | 1 | 1 | 1 | 12 | 17 |
| Depreciation | 24 | 22 | 21 | 11 | 1 | 1 | 1 | 1 | 1 | 1 |
| Profit before tax | -82 | -17 | 11 | -50 | -108 | 8 | -33 | -7 | -3551 | -3447 |
| Tax % | -29 | -32 | 17 | 4 | 2 | 27 | 6 | 17 | 0 | — |
| Net Profit | -58 | -12 | 9 | -52 | -110 | 6 | -35 | -8 | -3554 | -3449 |
| EPS in Rs | -25.69 | -5.2 | 3.98 | -22.85 | -48.56 | 2.6 | -15.32 | -3.42 | -1562.83 | -1516.81 |
| Dividend Payout % | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | — |

### Balance Sheet

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Equity Capital | 15 | 23 | 23 | 23 | 23 | 23 | 23 | 23 | 23 | 90 |
| Reserves | 16 | 9 | -2 | 7 | -45 | -156 | -150 | -184 | -192 | 865 |
| Borrowings | 1780 | 1758 | 1755 | 1647 | 1630 | 1628 | 1626 | 1632 | 1632 | 264 |
| Other Liabilities | 106 | 86 | 115 | 86 | 79 | 93 | 93 | 132 | 117 | 55 |
| Total Liabilities | 1917 | 1876 | 1890 | 1763 | 1687 | 1588 | 1592 | 1602 | 1580 | 1274 |
| Fixed Assets | 207 | 87 | 63 | 41 | 32 | 35 | 37 | 36 | 36 | 35 |
| CWIP | 99 | 107 | 104 | 85 | 68 | 0 | 0 | 0 | 0 | 0 |
| Investments | 13 | 10 | 12 | 25 | 2 | 2 | 2 | 2 | 4 | 8 |
| Other Assets | 1598 | 1672 | 1710 | 1612 | 1584 | 1551 | 1554 | 1563 | 1540 | 1230 |
| Total Assets | 1917 | 1876 | 1890 | 1763 | 1687 | 1588 | 1592 | 1602 | 1580 | 1274 |

### Cash Flow

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | -157 | 84 | 689 | -55 | -24 | -1 | 9 | 28 | -30 | -29 |
| Cash from Investing Activity | 41 | 11 | 10 | 6 | 35 | -3 | -4 | -2 | -3 | 4 |
| Cash from Financing Activity | 115 | -47 | -686 | -9 | -2 | -1 | -1 | 0 | 0 | 22 |
| Net Cash Flow | -1 | 48 | 13 | -58 | 8 | -6 | 4 | 26 | -33 | -3 |
| Free Cash Flow | -127 | 79 | 692 | -35 | -11 | -4 | 6 | 28 | -30 | -26 |
| CFO/OP | 70 | 131 | 7472 | 196 | 45 | 1 | -108 | -60 | 226 | 25 |

### Ratios

| Item | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | 36 | 32 | 59 | 18 | 33 | 13 | 11 | 10 | 20 | 150 |
| Inventory Days | 34 | 161 | 173 | 501 | 60 | 94 | 205 | 385 | 1120 | 418 |
| Days Payable | 28 | 130 | 139 | 214 | 72 | 74 | 164 | 417 | 646 | 134 |
| Cash Conversion Cycle | 41 | 63 | 93 | 305 | 21 | 32 | 51 | -22 | 494 | 433 |
| Working Capital Days | -215 | -593 | -1276 | -1909 | -2224 | -1938 | -1376 | -1774 | -3381 | 423 |
| ROCE % | -12 | 3 | 1 | -1 | -4 | -7 | 1 | -2 | -1 | -8 |

## Shareholding Pattern

### annual

| Category | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | Jun 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Promoters | 18.36% | 46.7% | 46.7% | 46.7% | 46.7% | 46.7% | 46.7% | 46.7% | 46.7% | 84.89% | 84.89% |
| DIIs | 0.58% | 0.41% | 0.41% | 0% | 0% | 0% | 0% | 0% | 0.04% | 0.01% | 0.01% |
| Public | 81.06% | 52.89% | 52.89% | 53.29% | 53.3% | 53.3% | 53.3% | 53.3% | 53.26% | 15.1% | 15.1% |
| No. of Shareholders | 21152 | 19303 | 17428 | 16817 | 16171 | 16923 | 15898 | 15420 | 14776 | 13768 | 13768 |

### Quarterly

| Category | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Promoters | 47.19% | 46.7% | 46.7% | 46.7% | 46.7% | 46.7% | 46.7% | 46.7% | 46.7% | 84.89% | 84.89% | 84.89% |
| DIIs | 0% | 0% | 0% | 0% | 0% | 0.04% | 0.04% | 0.04% | 0.04% | 0.01% | 0.01% | 0.01% |
| Public | 52.81% | 53.29% | 53.3% | 53.31% | 53.3% | 53.25% | 53.26% | 53.25% | 53.25% | 15.1% | 15.1% | 15.1% |
| No. of Shareholders | 15674 | 15564 | 15420 | 15533 | 15436 | 15376 | 14776 | 14402 | 13777 | 13768 | 13768 | 13768 |

## Technical Indicators

Derived from daily closing prices and recomputed each trading session; values move with the market.

- **Overall Signal:** Sell
- **Buy / Neutral / Sell:** 3 / 7 / 9

### Moving Averages — summary: **Strong Sell**

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 80.48 | Buy |
| EMA (10) | 81.42 | Sell |
| SMA (20) | 84.01 | Sell |
| EMA (20) | 83.02 | Sell |
| SMA (50) | 87.12 | Sell |
| EMA (50) | 87.09 | Sell |
| SMA (100) | 98.8 | Sell |
| EMA (100) | 87.33 | Sell |
| SMA (200) | 77.56 | Buy |
| EMA (200) | 77.26 | Buy |

### Oscillators — summary: **Sell**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 45.45 | Neutral |
| MACD (12,26,9) | -2.2 | Sell |
| Stochastic (14,3,3) | 47.33 | Neutral |
| ADX (14) | 13.09 | Neutral |
| Williams %R (14) | -55.12 | Neutral |
| ATR (14) | 5.4 | High Volatility |
| ROC (12) | -5.37 | Sell |
| Stoch RSI (14) | 78.89 | Neutral |
| UO (7,14,28) | 43.5 | Neutral |

## Filings & Documents

### Other Documents

| Date | Document |
| --- | --- |
| 9 Apr - Submitted Regulation 74(5) certificate for quarter ended 31 March 2026. | [Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 9 Apr - Submitted Regulation 74(5) certificate for quarter ended 31 March 2026.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=07a08f92-e575-49f7-8851-f7e22617afed.pdf) |
| 9 Apr - Submitted Regulation 74(5) certificate for quarter ended 31 March 2026. | [Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 9 Apr - Submitted Regulation 74(5) certificate for quarter ended 31 March 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/07a08f92-e575-49f7-8851-f7e22617afed.pdf) |
| 5 Feb - Board meeting Feb 13 to approve quarter and nine-month results; propose interim dividend; record date Feb 20. | [Corporate Action-Board to consider Dividend 5 Feb - Board meeting Feb 13 to approve quarter and nine-month results; propose interim dividend; record date Feb 20.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/6a2cd92a-8434-4e38-bc91-7a14b19d8dee.pdf) |
| 28 Apr - Prakash Chhajer resigned as Company Secretary and Compliance Officer, effective close of business on 27 April 2026. | [Announcement under Regulation 30 (LODR)-Resignation of Company Secretary / Compliance Officer 28 Apr - Prakash Chhajer resigned as Company Secretary and Compliance Officer, effective close of business on 27 April 2026.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=cb8b5276-dda8-4f9a-8523-48b8408dc93e.pdf) |
| 28 Apr - Prakash Chhajer resigned as Company Secretary and Compliance Officer, effective close of business on 27 April 2026. | [Announcement under Regulation 30 (LODR)-Resignation of Company Secretary / Compliance Officer 28 Apr - Prakash Chhajer resigned as Company Secretary and Compliance Officer, effective close of business on 27 April 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/cb8b5276-dda8-4f9a-8523-48b8408dc93e.pdf) |
| 28 Apr - Prakash Chhajer resigned as Company Secretary and Compliance Officer, effective close of business on 27 April 2026. | [Announcement under Regulation 30 (LODR)-Resignation of Company Secretary / Compliance Officer 28 Apr - Prakash Chhajer resigned as Company Secretary and Compliance Officer, effective close of business on 27 April 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/cb8b5276-dda8-4f9a-8523-48b8408dc93e.pdf) |
| 28 Apr - Mr. Prakash Chhajer resigned as Company Secretary and Compliance Officer, effective 27 April 2026. | [Announcement under Regulation 30 (LODR)-Cessation 28 Apr - Mr. Prakash Chhajer resigned as Company Secretary and Compliance Officer, effective 27 April 2026.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=8f0f801f-c3db-4464-96ca-f0c7ce7b4232.pdf) |
| 28 Apr - Mr. Prakash Chhajer resigned as Company Secretary and Compliance Officer, effective 27 April 2026. | [Announcement under Regulation 30 (LODR)-Cessation 28 Apr - Mr. Prakash Chhajer resigned as Company Secretary and Compliance Officer, effective 27 April 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/8f0f801f-c3db-4464-96ca-f0c7ce7b4232.pdf) |
| 28 Apr - Mr. Prakash Chhajer resigned as Company Secretary and Compliance Officer, effective 27 April 2026. | [Announcement under Regulation 30 (LODR)-Cessation 28 Apr - Mr. Prakash Chhajer resigned as Company Secretary and Compliance Officer, effective 27 April 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/8f0f801f-c3db-4464-96ca-f0c7ce7b4232.pdf) |
| 25 Feb - M A R S and Associates merged with A D V & Co. LLP; Board disclosure pending (25-Feb-2026). | [Intimation Under Regulation 30 Of The SEBI ( Listing Obligations And Discloser Requirements) Regulations, 2015 - Proposed Change In Constitution Of Statutory Auditors Firm. 25 Feb - M A R S and Associates merged with A D V & Co. LLP; Board disclosure pending (25-Feb-2026).](https://www.bseindia.com/xml-data/corpfiling/AttachHis/dd23e194-e829-46e1-a1d8-ddc1eb57eae3.pdf) |

### Exchange Filings & Announcements

| Date | Document |
| --- | --- |
| 2026-09-09 | [Announcement under Regulation 30 (LODR)-Newspaper Publication](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=6e8e6486-425e-473f-b3a5-c6eb1cee7017.pdf) |
| 2026-09-05 | [Notice Of The 26Th Annual General Meeting Of The Company Will Be Held On Tuesday September 29 2026 At 11:00 A.M. (IST) Through Video Conference / Other Audio -Visual Means Only](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=382bbb1e-6418-4fd0-8f41-1d4351c49ce7.pdf) |
| 2026-09-05 | [Reg. 34 (1) Annual Report.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=fe16592d-de3c-420f-9bad-65f450052940.pdf) |
| 2026-09-02 | [Announcement under Regulation 30 (LODR)-Newspaper Publication](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=f21416dc-1acf-41d5-a2f2-68cdcbcb6c75.pdf) |
| 2026-09-01 | [Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=a9727e0e-7887-4796-8511-92d85bc824a9.pdf) |
| 2026-08-31 | [Shareholder Meeting / Postal Ballot-Scrutinizer"s Report](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=3cd92672-bf5b-4b0c-9461-69b33af8f217.pdf) |
| 2026-08-31 | [Shareholder Meeting / Postal Ballot-Outcome of Postal_Ballot](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=e8710dde-00b5-48e9-9f11-b17e9a5b8773.pdf) |
| 2026-08-25 | [Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=e3d23dd6-e5d3-4b76-8c64-779b2d145bfb.pdf) |
| 2026-08-18 | [Announcement under Regulation 30 (LODR)-Newspaper Publication](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=6a37e5db-569b-490b-b7c4-b4b8319d40cd.pdf) |
| 2026-08-14 | [Outcome Of Board Meeting](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=d4ca8f31-58ca-4bd5-a052-f6a6f41b4548.pdf) |

### Earnings Call Documents

| Date | Document |
| --- | --- |
| Dec 2025 | [Concall - Dec 2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=6aed2e96-fbda-456d-922b-8d5ed1396ddb.pdf) |
| Dec 2025 | [Concall - Dec 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/6aed2e96-fbda-456d-922b-8d5ed1396ddb.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| from nse | [Annual Report 2013 from nse](https://archives.nseindia.com/annual_reports/AR_2243_ARSSINFRA_2012_2013_10102013121548.zip) |
| from bse | [Annual Report 2025 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/5f08ce68-32c1-40a9-a772-b7bf22265960.pdf) |
| from bse | [Financial Year 2025 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/64bf3ae2-5efa-43a7-8053-a3c1703e18c9.pdf) |
| from bse | [Annual Report 2024 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/3c42e488-567c-4b40-8710-3063e8f48a2b.pdf) |
| from bse | [Financial Year 2024 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/84ef3e45-e1a0-4c83-80eb-2b8c6f64b860.pdf) |
| from bse | [Annual Report 2023 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/35fdf0ed-aa49-4fd8-b36d-77b72327e288.pdf) |
| from bse | [Financial Year 2023 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/7b1c5b5e-7477-41d0-964f-b45bb0e82108.pdf) |
| from bse | [Annual Report 2022 from bse](https://www.bseindia.com/bseplus/AnnualReport/533163/75512533163.pdf) |
| from bse | [Financial Year 2022 from bse](https://www.bseindia.com/bseplus/AnnualReport/522229/75497522229_23_09_22.pdf) |
| from bse | [Annual Report 2021 from bse](https://www.bseindia.com/bseplus/AnnualReport/533163/71041533163.pdf) |

---

Provenance differs by section. Financial statements, shareholding and filings are as reported in company disclosures to NSE/BSE/SEBI. Price, volume and 52-week levels are exchange market data. Technical indicators are computed by Tapetide from daily closing prices. The Tapetide Score is Tapetide's own analysis. Analyst ratings are third-party estimates, not company statements. All figures are for research and information only and are not investment advice. Generated 2026-09-13T18:24:13.156Z.