Art Nirman
Realty
ARTNIRMAN NSE
₹35.63 No trade today
- P/E
- 222.69
Close 4 Nov 2026 ₹35.63 −20.63 −36.7% 1Y
Start ₹56.26
Key Fundamentals
MicrocapRealtyConsumer DiscretionaryPrice-based figures as of · EPS basis: Standalone · TTM
- ROCE
- 5.85%
- Debt to Equity
- 1.96
- EPS (TTM)
- ₹0.16
- Book Value
- ₹14.92
- Market Cap
- —
- P/E (TTM)
- 222.69
- P/B
- 2.39
- ROE
- 1.40%
- Dividend Yield
- 0.00%
- EBITDA
- ₹5.30 Cr
- 52W High
- ₹56.78
- 52W Low
- ₹29.39
- Volume
- 0
Peer Comparison
Consumer Discretionary › Realty › Residential Commercial Projects › Residential, Commercial Projects
| ₹720.00 | 39.02 | ₹1,76,861 Cr | 3.91 | 1.13% | 9.50% | 6.32% | ₹6,375 Cr | ₹4,567 Cr | |
| ₹1,122.00 | 27.17 | ₹1,09,477 Cr | 4.51 | 0.40% | 15.50% | 16.40% | ₹18,181 Cr | ₹4,129 Cr | |
| ₹2,079.50 | 58.10 | ₹73,757 Cr | 8.17 | 0.12% | 11.00% | 12.40% | ₹4,545 Cr | ₹1,629 Cr | |
| ₹1,580.00 | 59.74 | ₹67,457 Cr | 4.18 | 0.13% | 7.53% | 10.40% | ₹13,053 Cr | ₹1,265 Cr | |
| ₹1,710.90 | 23.64 | ₹61,958 Cr | 3.26 | 0.24% | 14.60% | 17.30% | ₹6,214 Cr | ₹2,632 Cr | |
| ₹1,739.00 | 32.73 | ₹51,392 Cr | 2.71 | 0.60% | 8.82% | 7.63% | ₹5,203 Cr | ₹1,591 Cr | |
| ₹541.10 | 25.40 | ₹17,553 Cr | 2.47 | 0.38% | 10.50% | 10.50% | ₹5,532 Cr | ₹784 Cr | |
| Art Nirman (this company) | ₹35.63 | 222.69 | ₹92 Cr | 2.39 | 0.00% | 1.40% | 5.85% | ₹34 Cr | ₹0 Cr |
| Median 8 companies | ₹1,351.00 | 35.88 | ₹64,707 Cr | 3.59 | 0.31% | 10.00% | 10.45% | ₹5,873 Cr | ₹1,610 Cr |
Comparable companies in the same industry. Market cap, P/E and P/B use the latest price; other metrics are as reported in filings. A dash means the figure is not published for that company.
Tapetide Score
Data-driven rating, 0–100, as of . How it works →
Overall score
36 Poor
Data confidence 100/100
Category scores
- Quality
- 17
- Poor
- Returns, margins, earnings quality 22% weight
- Valuation
- 15
- Poor
- Cheap vs sector & own history 24% weight
- Growth
- 89
- Strong
- Sales & profit trajectory 9% weight
- Financial Health
- 30
- Poor
- Solvency, leverage, coverage 9% weight
- Momentum
- 42
- Weak
- 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
No strengths listed
Weaknesses
6- Stock is trading at 2.56 times its book value
- Though the company is reporting repeated profits, it is not paying out dividend
- Company has low interest coverage ratio.
- Company has a low return on equity of 3.41% over last 3 years.
- Company has high debtors of 212 days.
- Working capital days have increased from 689 days to 1,098 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)
- 41.26
- Neutral
- MACD (12,26,9)
- −0.86
- Bearish
- SMA (50)
- 39.40
- Bearish
- SMA (200)
- 40.75
- 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 | +3.18% |
|---|---|
| 5Y | −16.34% |
| 3Y | +19.01% |
| 1Y | +21.36% |
| TTM | +44.74% |
Net profit
| 10Y | +0.19% |
|---|---|
| 5Y | +91.86% |
| 3Y | +67.83% |
| 1Y | −73.87% |
| TTM | −74.17% |
Operating cash flow
| 10Y | Turned negative |
|---|---|
| 5Y | Turned negative |
| 3Y | Outflow widened by ₹40 Cr |
| 1Y | Outflow widened by ₹33.89 Cr |
| TTM | — |
TTM: Reported once a year, so there is no trailing-twelve-month figure.
Operating margin· change in pp
| 10Y | +9.70 pp |
|---|---|
| 5Y | +11.73 pp |
| 3Y | +10.00 pp |
| 1Y | +2.94 pp |
| TTM | +2.72 pp |
Revenue by year
| Mar 2017 | ₹25.46 Cr |
|---|---|
| Mar 2018 | ₹34.51 Cr |
| Mar 2019 | ₹18.89 Cr |
| Mar 2020 | ₹62.12 Cr |
| Mar 2021 | ₹81.13 Cr |
| Mar 2022 | ₹36.83 Cr |
| Mar 2023 | ₹19.72 Cr |
| Mar 2024 | ₹34.29 Cr |
| Mar 2025 | ₹27.39 Cr |
| Mar 2026 | ₹33.24 Cr |
Net profit by year
| Mar 2017 | ₹0.37 Cr |
|---|---|
| Mar 2018 | ₹1.12 Cr |
| Mar 2019 | ₹1.32 Cr |
| Mar 2020 | ₹0.82 Cr |
| Mar 2021 | ₹0.02 Cr |
| Mar 2022 | −₹11.00 Cr |
| Mar 2023 | ₹0.11 Cr |
| Mar 2024 | ₹1.18 Cr |
| Mar 2025 | ₹1.99 Cr |
| Mar 2026 | ₹0.52 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 | 5.22 | 11.95 | 3.75 | 13.38 | 5.5 | 8.46 | 4.5 | 8.92 | 1.5 | 6.75 | 2.5 | 22.48 | 2.11 |
| Expenses | 5.01 | 11.14 | 3.52 | 12.59 | 4.99 | 7.83 | 4.18 | 7.1 | 1.52 | 5.4 | 2.37 | 18.98 | 2.19 |
| Operating Profit | 0.21 | 0.81 | 0.23 | 0.79 | 0.51 | 0.63 | 0.32 | 1.82 | −0.02 | 1.35 | 0.13 | 3.5 | −0.08 |
| OPM % | 4.02% | 6.78% | 6.13% | 5.9% | 9.27% | 7.45% | 7.11% | 20.4% | −1.33% | 20% | 5.2% | 15.57% | −3.79% |
| Other Income | 0.16 | 0.03 | 0.02 | 0.12 | 0.08 | 0.09 | 0.14 | 0.09 | 0.12 | 0.05 | 0.09 | 0.1 | 0.11 |
| Interest | 0.01 | 0 | 0 | 0.56 | 0.02 | 0.02 | 0.02 | 1.07 | 0.03 | 0.84 | 0.04 | 3.28 | 0.04 |
| Depreciation | 0.17 | 0.17 | 0.17 | 0.16 | 0.16 | 0.16 | 0.16 | 0.09 | 0.14 | 0.12 | 0.11 | 0.1 | 0.15 |
| PBT | 0.19 | 0.67 | 0.08 | 0.19 | 0.41 | 0.53 | 0.28 | 0.75 | −0.07 | 0.43 | 0.07 | 0.22 | −0.16 |
| Tax % | 0% | 0% | 0% | −15.79% | 0% | 0% | 0% | −4% | 0% | 0% | 0% | 59.09% | 25% |
| Net Profit | 0.19 | 0.67 | 0.08 | 0.22 | 0.41 | 0.53 | 0.28 | 0.77 | −0.07 | 0.43 | 0.07 | 0.09 | −0.2 |
| EPS (₹) | 0.08 | 0.27 | 0.03 | 0.09 | 0.16 | 0.21 | 0.11 | 0.31 | −0.03 | 0.17 | 0.03 | 0.04 | −0.08 |
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 | 0 | 24.31 | 25.46 | 34.51 | 18.89 | 62.12 | 81.13 | 36.83 | 19.72 | 34.29 | 27.39 | 33.24 | 33.84 |
| Expenses | −0.96 | 23.04 | 24.28 | 27.02 | 8.91 | 53.77 | 78.54 | 46.74 | 18.75 | 32.25 | 24.11 | 28.28 | 28.94 |
| Operating Profit | 0.96 | 1.27 | 1.18 | 7.49 | 9.98 | 8.35 | 2.59 | −9.91 | 0.97 | 2.04 | 3.28 | 4.96 | 4.9 |
| OPM % | — | 5.22% | 4.63% | 21.7% | 52.83% | 13.44% | 3.19% | −26.91% | 4.92% | 5.95% | 11.98% | 14.92% | 14.48% |
| Other Income | 0.01 | 0.02 | 0.26 | 0.47 | 0.62 | 0.11 | 0.14 | 0.06 | 0.03 | 0.35 | 0.4 | 0.36 | 0.35 |
| Interest | 0.89 | 0.47 | 0.41 | 5.54 | 7.99 | 6.47 | 1.99 | 0.45 | 0.21 | 0.57 | 1.13 | 4.19 | 4.2 |
| Depreciation | 0.08 | 0.09 | 0.34 | 0.82 | 0.76 | 0.75 | 0.73 | 0.71 | 0.71 | 0.68 | 0.58 | 0.48 | 0.48 |
| PBT | 0 | 0.73 | 0.69 | 1.6 | 1.85 | 1.24 | 0.01 | −11.01 | 0.08 | 1.14 | 1.97 | 0.65 | 0.57 |
| Tax % | — | 30.14% | 47.83% | 30% | 29.19% | 33.87% | −100% | −0.09% | −37.5% | −2.63% | −1.52% | 20% | — |
| Net Profit | 0.02 | 0.51 | 0.37 | 1.12 | 1.32 | 0.82 | 0.02 | −11 | 0.11 | 1.18 | 1.99 | 0.52 | 0.39 |
| EPS (₹) | 20 | 1.28 | 0.49 | 1.47 | 1.08 | 0.33 | 0.01 | −4.41 | 0.04 | 0.47 | 0.8 | 0.21 | 0.16 |
| Div. Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 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 | 0.01 | 4 | 7.6 | 7.6 | 12.18 | 24.96 | 24.96 | 24.96 | 24.96 | 24.96 | 24.96 | 24.96 |
| Reserves | 0.03 | 0.51 | 6.28 | 7.4 | 16.65 | 20.02 | 20.04 | 9.05 | 9.16 | 10.34 | 12.33 | 12.28 |
| Borrowings | 12.15 | 2.14 | 17.85 | 62.17 | 50.13 | 33.76 | 4.95 | 0.23 | 2.53 | 2.92 | 18.06 | 72.96 |
| Other Liabilities | 11.93 | 11.52 | 43.06 | 33.69 | 75.44 | 59.38 | 13.26 | 10.74 | 15.23 | 14.96 | 13.46 | 32.17 |
| Total Liabilities | 24.12 | 18.17 | 74.79 | 111 | 154 | 138 | 63.21 | 44.98 | 51.88 | 53.18 | 68.81 | 142 |
| Fixed Assets | 0.61 | 0.71 | 9.72 | 9.16 | 8.62 | 7.87 | 7.18 | 6.48 | 5.78 | 5.11 | 4.56 | 4.11 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 0 | 0 | 0 | 0 | 0.3 | 0.32 | 0.34 | 0.32 | 0 | 0 | 0 | 0 |
| Other Assets | 23.51 | 17.46 | 65.07 | 102 | 145 | 130 | 55.69 | 38.18 | 46.1 | 48.07 | 64.25 | 138 |
| Total Assets | 24.12 | 18.17 | 74.79 | 111 | 154 | 138 | 63.21 | 44.98 | 51.88 | 53.18 | 68.81 | 142 |
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 | 0.13 | 1.76 | −41.4 | −13.8 | 23.44 | −7.21 | 19.81 | 9.3 | −7.3 | 1.59 | −13.41 | −47.3 |
| Investing | −0.01 | −0.21 | −9.1 | 0.28 | 0.46 | 0.36 | 0.19 | −0.06 | 0.25 | −1.13 | −0.42 | −0.92 |
| Financing | 0.06 | −1.36 | 52.68 | 12.77 | −23.47 | 6.35 | −20.55 | −5.17 | 2.09 | −0.18 | 13.45 | 50.72 |
| Net Cash Flow | 0.18 | 0.2 | 2.18 | −0.75 | 0.43 | −0.5 | −0.56 | 4.06 | −4.96 | 0.28 | −0.38 | 2.5 |
| Free Cash Flow | 0.11 | 1.55 | −50.75 | −14.06 | 23.3 | −7.22 | 19.78 | 9.29 | −7.31 | 1.62 | −13.44 | −47.33 |
| CFO/EBITDA | 14 | 155 | −3,488 | −179 | 240 | −82 | 764 | −94 | −753 | 78 | −409 | −954 |
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 | — | 0 | 109 | 201 | 471 | 123 | 63.57 | 178 | 426 | 35.34 | 33.18 | 212 |
| Inventory Days | — | 343 | 1,256 | 2,908 | — | 1,109 | 169 | 82.59 | 581 | 356 | — | — |
| Days Payable | — | 21.05 | 215 | 381 | — | 105 | 17.78 | 15.86 | 273 | 126 | — | — |
| Cash Conversion Cycle | — | 322 | 1,149 | 2,727 | 471 | 1,127 | 215 | 245 | 734 | 266 | 33.18 | 212 |
| Working Capital Days | — | 129 | 673 | 606 | 935 | 371 | 206 | 270 | 641 | 322 | 646 | 1,098 |
| ROCE % | 9.72% | 12.74% | 5.73% | 13.11% | 12.6% | 9.78% | 3.11% | −25.09% | 0.82% | 4.57% | 6.63% | 5.85% |
Insights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
Log in to view Art Nirman insights
53 extracted metrics across FY15–FY27.
Documents
- 14 Aug 2026
- 26 May 2026
- 13 Feb 2026
- 13 Feb 2026
- 12 Nov 2025
- Certificate under sebi (depositories and participa 14 Oct 2026
Frequently Asked Questions about Art Nirman
What does Art Nirman Ltd do?
Incorporated in 2011, Art Nirman Ltd is in the business of real estate development and allied activities
Where is Art Nirman Ltd (ARTNIRMAN) listed?
Art Nirman Ltd trades as ARTNIRMAN on the NSE.
Which sector does Art Nirman Ltd belong to?
Art Nirman Ltd is classified under the Realty sector, in the Residential Commercial Projects industry.
What is the PE ratio of Art Nirman Ltd?
Art Nirman Ltd trades at a PE ratio of 222.69 as of 4 Nov 2026, on earnings per share of ₹0.16, against a book value of ₹14.92 per share.
What is the 52-week high and low of Art Nirman Ltd?
Over the last 52 weeks Art Nirman Ltd has traded between ₹29.39 and ₹56.78 as of 4 Nov 2026.
What is the Return on Equity (ROE) of Art Nirman Ltd?
Art Nirman Ltd reported a return on equity of 1.40%. Its debt-to-equity ratio is 1.96.
Company Information
Incorporated in 2011, Art Nirman Ltd is in the business of real estate development and allied activities
Website artnirman.com
CEO Mr. Ashokkumar Raghuram Thakker
Employees 13
Listed 18 Oct 2021
Face Value ₹10
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