Art Nirman Ltd.
•₹ 41.06-1.04%
2026-08-21
PROS
- Operating margins have improved to 12.0% from -26.7%
- Company maintains a comfortable, low leverage position
CONS
- Operating cash flow has been negative in recent years
- Company has a low return on capital employed of 4.0%
- Company has a low return on equity of 3.1% over last 3 years
- Poor cash conversion - profits are not backed by operating cash flow (CFO/PAT -5.82x)
- Company's sales have been declining over the last five years
* The pros and cons are machine generated based on quantitative rules.
Peer comparison
EDIT COLUMNS| S.No. | Name | CMP Rs. | P/E | Mar Cap Rs.Cr. | Div Yld % | NP Qtr Rs.Cr. | Qtr Profit Var % | Sales Qtr Rs.Cr. | Qtr Sales Var % | ROCE % | OPM % |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 1. | DLF | 667.10 | 37.14 | 165128.04 | 1.20 | 793.90 | -89.59 | 1280.34 | -52.87 | 6.81 | 49.68 |
| 2. | LODHA | 1206.00 | 29.21 | 120500.93 | 0.35 | 1373.10 | 103.39 | 4996.70 | 43.10 | 16.89 | 38.51 |
| 3. | PHOENIXLTD | 1915.15 | 53.51 | 68497.97 | 0.13 | 394.51 | 22.95 | 1074.94 | 12.80 | 13.70 | 59.77 |
| 4. | PRESTIGE | 1575.00 | 59.57 | 67840.01 | 0.13 | 271.40 | -12.87 | 2675.10 | 15.94 | 11.51 | 31.75 |
| 5. | OBEROIRLTY | 1859.00 | 25.70 | 67593.66 | 0.43 | 543.51 | 29.02 | 1300.89 | 31.73 | 17.69 | 56.75 |
| 6. | GODREJPROP | 1994.95 | 37.55 | 60093.18 | 0.50 | 349.38 | -41.61 | 506.17 | 16.48 | 8.37 | -57.98 |
| 7. | ANANTRAJ | 631.25 | 39.26 | 22717.23 | 0.16 | 149.19 | 18.50 | 631.40 | 6.58 | 12.23 | 29.53 |
| 8. | BRIGADE | 586.05 | 27.51 | 19120.43 | 0.26 | 216.94 | 37.35 | 1115.55 | -12.93 | 11.02 | 32.33 |
| 9. | ABREL | 1395.75 | 0.00 | 15589.92 | 0.18 | -34.59 | -27.73 | 188.85 | 30.95 | -4.54 | -30.02 |
| 10. | SOBHA | 1274.40 | 59.10 | 13630.20 | 0.47 | 50.85 | 273.37 | 1278.15 | 50.03 | 6.96 | 6.07 |
| 11. | SIGNATURE | 785.75 | 10.59 | 11054.40 | 0.00 | -16.53 | -148.00 | 551.99 | -36.24 | 5.56 | -8.10 |
| 12. | ARTNIRMAN | 43.19 | 0.00 | 107.78 | 0.00 | -0.20 | -178.57 | 2.11 | 41.00 | 6.61 | -3.83 |
Detailed Comparison with:
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 5 | 12 | 4 | 13 | 6 | 8 | 4 | 9 | 2 | 7 | 2 | 22 | 2 | |
| 5 | 11 | 4 | 13 | 5 | 8 | 4 | 7 | 2 | 5 | 2 | 19 | 2 | |
| Operating Profit | — | — | — | — | — | — | — | — | — | — | — | — | — |
| OPM % | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Other Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest | 0 | 0 | 0 | 1 | 0 | 0 | 0 | 1 | 0 | 1 | 0 | 3 | 0 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 0 | 1 | 0 | 0 | 0 | 1 | 0 | 1 | -0 | 0 | 0 | 0 | -0 | |
| Tax % | 0.00% | 0.00% | 0.00% | -15.79% | 0.00% | 0.00% | 0.00% | -4.00% | -0.00% | 0.00% | 0.00% | 59.09% | -22.01% |
| Net Profit | 0 | 1 | 0 | 0 | 0 | 1 | 0 | 1 | -0 | 0 | 0 | 0 | -0 |
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -0 | 0 | 0 | 0 | -0 | |
| Equity Capital | 25 | 25 | 25 | 25 | 25 | 25 | 25 | 25 | 25 | 25 | 25 | 25 | 25 |
| Reserves | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Promoter Pledge % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Equity Capital | 25 | 25 | 25 | 25 | 25 | 25 | 25 | 25 | 25 | 25 | 25 | 25 | 25 |
| Reserves | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Promoter Pledge % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Jun 2023
- 5
- 5
- Operating Profit
- —
- OPM %
- —
- Other Income
- 0
- Interest
- 0
- Depreciation
- 0
- 0
- Tax %
- 0.00%
- Net Profit
- 0
- 0
- Equity Capital
- 25
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 25
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Sep 2023
- 12
- 11
- Operating Profit
- —
- OPM %
- —
- Other Income
- 0
- Interest
- 0
- Depreciation
- 0
- 1
- Tax %
- 0.00%
- Net Profit
- 1
- 0
- Equity Capital
- 25
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 25
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Dec 2023
- 4
- 4
- Operating Profit
- —
- OPM %
- —
- Other Income
- 0
- Interest
- 0
- Depreciation
- 0
- 0
- Tax %
- 0.00%
- Net Profit
- 0
- 0
- Equity Capital
- 25
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 25
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Mar 2024
- 13
- 13
- Operating Profit
- —
- OPM %
- —
- Other Income
- 0
- Interest
- 1
- Depreciation
- 0
- 0
- Tax %
- -15.79%
- Net Profit
- 0
- 0
- Equity Capital
- 25
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 25
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Jun 2024
- 6
- 5
- Operating Profit
- —
- OPM %
- —
- Other Income
- 0
- Interest
- 0
- Depreciation
- 0
- 0
- Tax %
- 0.00%
- Net Profit
- 0
- 0
- Equity Capital
- 25
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 25
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Sep 2024
- 8
- 8
- Operating Profit
- —
- OPM %
- —
- Other Income
- 0
- Interest
- 0
- Depreciation
- 0
- 1
- Tax %
- 0.00%
- Net Profit
- 1
- 0
- Equity Capital
- 25
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 25
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Dec 2024
- 4
- 4
- Operating Profit
- —
- OPM %
- —
- Other Income
- 0
- Interest
- 0
- Depreciation
- 0
- 0
- Tax %
- 0.00%
- Net Profit
- 0
- 0
- Equity Capital
- 25
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 25
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Mar 2025
- 9
- 7
- Operating Profit
- —
- OPM %
- —
- Other Income
- 0
- Interest
- 1
- Depreciation
- 0
- 1
- Tax %
- -4.00%
- Net Profit
- 1
- 0
- Equity Capital
- 25
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 25
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Jun 2025
- 2
- 2
- Operating Profit
- —
- OPM %
- —
- Other Income
- 0
- Interest
- 0
- Depreciation
- 0
- -0
- Tax %
- -0.00%
- Net Profit
- -0
- -0
- Equity Capital
- 25
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 25
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Sep 2025
- 7
- 5
- Operating Profit
- —
- OPM %
- —
- Other Income
- 0
- Interest
- 1
- Depreciation
- 0
- 0
- Tax %
- 0.00%
- Net Profit
- 0
- 0
- Equity Capital
- 25
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 25
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Dec 2025
- 2
- 2
- Operating Profit
- —
- OPM %
- —
- Other Income
- 0
- Interest
- 0
- Depreciation
- 0
- 0
- Tax %
- 0.00%
- Net Profit
- 0
- 0
- Equity Capital
- 25
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 25
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Mar 2026
- 22
- 19
- Operating Profit
- —
- OPM %
- —
- Other Income
- 0
- Interest
- 3
- Depreciation
- 0
- 0
- Tax %
- 59.09%
- Net Profit
- 0
- 0
- Equity Capital
- 25
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 25
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Jun 2026
- 2
- 2
- Operating Profit
- —
- OPM %
- —
- Other Income
- 0
- Interest
- 0
- Depreciation
- 0
- -0
- Tax %
- -22.01%
- Net Profit
- -0
- -0
- Equity Capital
- 25
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 25
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 26 | 26 | 35 | 19 | 62 | 85 | 37 | 20 | 34 | 27 | 34 | |
| 24 | 25 | 27 | 9 | 54 | 82 | 47 | 19 | 32 | 24 | 29 | |
| Operating Profit | 1 | 1 | 8 | 11 | 8 | 3 | -10 | 1 | 2 | 4 | — |
| OPM % | 5 | 6 | 23 | 56 | 14 | 3 | -27 | 5 | 7 | 13 | — |
| Other Income | 0 | 0 | 0 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest | 0 | 0 | 6 | 8 | 6 | 2 | 0 | 0 | 1 | 1 | 4 |
| Depreciation | 0 | 0 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 0 |
| 1 | 1 | 2 | 2 | 1 | 0 | -11 | 0 | 1 | 2 | 1 | |
| Tax % | 30 | 47 | 30 | 29 | 34 | -89 | 0 | -34 | -3 | -1 | 29 |
| Net Profit | 1 | 0 | 1 | 1 | 1 | 0 | -11 | 0 | 1 | 2 | 0 |
| EPS | 0 | 0 | 0 | 0 | 0 | 0 | -4 | 0 | 0 | 1 | — |
| Dividend Payout % | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | — |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share of Associates | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Adjusted EPS | 1 | 0 | 1 | 1 | 0 | 0 | -4 | 0 | 0 | 1 | — |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share of Associates | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Adjusted EPS | 1 | 0 | 1 | 1 | 0 | 0 | -4 | 0 | 0 | 1 | — |
Mar 2016
- 26
- 24
- Operating Profit
- 1
- OPM %
- 5
- Other Income
- 0
- Interest
- 0
- Depreciation
- 0
- 1
- Tax %
- 30
- Net Profit
- 1
- EPS
- 0
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 1
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 1
Mar 2017
- 26
- 25
- Operating Profit
- 1
- OPM %
- 6
- Other Income
- 0
- Interest
- 0
- Depreciation
- 0
- 1
- Tax %
- 47
- Net Profit
- 0
- EPS
- 0
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 0
Mar 2018
- 35
- 27
- Operating Profit
- 8
- OPM %
- 23
- Other Income
- 0
- Interest
- 6
- Depreciation
- 1
- 2
- Tax %
- 30
- Net Profit
- 1
- EPS
- 0
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 1
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 1
Mar 2019
- 19
- 9
- Operating Profit
- 11
- OPM %
- 56
- Other Income
- 1
- Interest
- 8
- Depreciation
- 1
- 2
- Tax %
- 29
- Net Profit
- 1
- EPS
- 0
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 1
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 1
Mar 2020
- 62
- 54
- Operating Profit
- 8
- OPM %
- 14
- Other Income
- 0
- Interest
- 6
- Depreciation
- 1
- 1
- Tax %
- 34
- Net Profit
- 1
- EPS
- 0
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 0
Mar 2021
- 85
- 82
- Operating Profit
- 3
- OPM %
- 3
- Other Income
- 0
- Interest
- 2
- Depreciation
- 1
- 0
- Tax %
- -89
- Net Profit
- 0
- EPS
- 0
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 0
Mar 2022
- 37
- 47
- Operating Profit
- -10
- OPM %
- -27
- Other Income
- 0
- Interest
- 0
- Depreciation
- 1
- -11
- Tax %
- 0
- Net Profit
- -11
- EPS
- -4
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- -4
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- -4
Mar 2023
- 20
- 19
- Operating Profit
- 1
- OPM %
- 5
- Other Income
- 0
- Interest
- 0
- Depreciation
- 1
- 0
- Tax %
- -34
- Net Profit
- 0
- EPS
- 0
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 0
Mar 2024
- 34
- 32
- Operating Profit
- 2
- OPM %
- 7
- Other Income
- 0
- Interest
- 1
- Depreciation
- 1
- 1
- Tax %
- -3
- Net Profit
- 1
- EPS
- 0
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 0
Mar 2025
- 27
- 24
- Operating Profit
- 4
- OPM %
- 13
- Other Income
- 0
- Interest
- 1
- Depreciation
- 1
- 2
- Tax %
- -1
- Net Profit
- 2
- EPS
- 1
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 1
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 1
TTM
- 34
- 29
- Operating Profit
- —
- OPM %
- —
- Other Income
- 0
- Interest
- 4
- Depreciation
- 0
- 1
- Tax %
- 29
- Net Profit
- 0
- EPS
- —
- Dividend Payout %
- —
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- —
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- —
COMPOUNDED SALES GROWTH
- 10 Years:
- —
- 5 Years:
- -15%
- 3 Years:
- -9%
COMPOUNDED PROFIT GROWTH
- 10 Years:
- 49%
- 5 Years:
- 20%
- 3 Years:
- —
STOCK PRICE CAGR
- 10 Years:
- —
- 5 Years:
- 5%
- 3 Years:
- -6%
- 1 Year:
- -19%
RETURN ON EQUITY
- 10 Years:
- 3%
- 5 Years:
- -4%
- 3 Years:
- 3%
- Last Year:
- 5%
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| LIABILITIES | - | - | - | - | - | - | - | - | - | - |
| Equity Capital | 4 | 8 | 8 | 12 | 25 | 25 | 25 | 25 | 25 | 25 |
| 1 | 6 | 7 | 12 | 20 | 20 | 9 | 9 | 10 | 12 | |
| 0 | 0 | 2 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Trade Payables | 1 | 8 | 9 | 14 | 9 | 4 | 2 | 7 | 7 | 7 |
| 13 | 53 | 85 | 117 | 84 | 15 | 9 | 11 | 11 | 25 | |
| Total Liabilities | 18 | 75 | 111 | 154 | 138 | 63 | 45 | 52 | 53 | 69 |
| ASSETS | - | - | - | - | - | - | - | - | - | - |
| 1 | 10 | 9 | 9 | 8 | 7 | 6 | 6 | 5 | 5 | |
| 16 | 45 | 70 | 113 | 99 | 33 | 8 | 14 | 19 | 42 | |
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 3 | 2 | |
| Cash & Bank | 0 | 2 | 2 | 2 | 2 | 1 | 5 | 0 | 4 | 4 |
| 2 | 18 | 30 | 31 | 29 | 21 | 25 | 32 | 21 | 16 | |
| Total Assets | 18 | 75 | 111 | 154 | 138 | 63 | 45 | 52 | 53 | 69 |
| Total Debt | 2 | 18 | 62 | 50 | 34 | 5 | 0 | 3 | 3 | 18 |
| Net Working Capital | 9 | 49 | 59 | 51 | 65 | 47 | 32 | 35 | 35 | 52 |
| Contingent Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Book Value per Share | 11.26 | 18.25 | 19.73 | 19.48 | 18.02 | 18.03 | 13.63 | 13.67 | 14.14 | 14.94 |
| Face Value | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 |
| Total Debt | 2 | 18 | 62 | 50 | 34 | 5 | 0 | 3 | 3 | 18 |
| Net Working Capital | 9 | 49 | 59 | 51 | 65 | 47 | 32 | 35 | 35 | 52 |
| Contingent Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Book Value per Share | 11.26 | 18.25 | 19.73 | 19.48 | 18.02 | 18.03 | 13.63 | 13.67 | 14.14 | 14.94 |
| Face Value | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 |
Mar 2016
- Equity Capital
- 4
- 1
- 0
- Trade Payables
- 1
- 13
- Total Liabilities
- 18
- 1
- 16
- 0
- Cash & Bank
- 0
- 2
- Total Assets
- 18
- Total Debt
- 2
- Net Working Capital
- 9
- Contingent Liabilities
- 0
- Book Value per Share
- 11.26
- Face Value
- 10.00
- Total Debt
- 2
- Net Working Capital
- 9
- Contingent Liabilities
- 0
- Book Value per Share
- 11.26
- Face Value
- 10.00
Mar 2017
- Equity Capital
- 8
- 6
- 0
- Trade Payables
- 8
- 53
- Total Liabilities
- 75
- 10
- 45
- 0
- Cash & Bank
- 2
- 18
- Total Assets
- 75
- Total Debt
- 18
- Net Working Capital
- 49
- Contingent Liabilities
- 0
- Book Value per Share
- 18.25
- Face Value
- 10.00
- Total Debt
- 18
- Net Working Capital
- 49
- Contingent Liabilities
- 0
- Book Value per Share
- 18.25
- Face Value
- 10.00
Mar 2018
- Equity Capital
- 8
- 7
- 2
- Trade Payables
- 9
- 85
- Total Liabilities
- 111
- 9
- 70
- 0
- Cash & Bank
- 2
- 30
- Total Assets
- 111
- Total Debt
- 62
- Net Working Capital
- 59
- Contingent Liabilities
- 0
- Book Value per Share
- 19.73
- Face Value
- 10.00
- Total Debt
- 62
- Net Working Capital
- 59
- Contingent Liabilities
- 0
- Book Value per Share
- 19.73
- Face Value
- 10.00
Mar 2019
- Equity Capital
- 12
- 12
- 0
- Trade Payables
- 14
- 117
- Total Liabilities
- 154
- 9
- 113
- 0
- Cash & Bank
- 2
- 31
- Total Assets
- 154
- Total Debt
- 50
- Net Working Capital
- 51
- Contingent Liabilities
- 0
- Book Value per Share
- 19.48
- Face Value
- 10.00
- Total Debt
- 50
- Net Working Capital
- 51
- Contingent Liabilities
- 0
- Book Value per Share
- 19.48
- Face Value
- 10.00
Mar 2020
- Equity Capital
- 25
- 20
- 0
- Trade Payables
- 9
- 84
- Total Liabilities
- 138
- 8
- 99
- 0
- Cash & Bank
- 2
- 29
- Total Assets
- 138
- Total Debt
- 34
- Net Working Capital
- 65
- Contingent Liabilities
- 0
- Book Value per Share
- 18.02
- Face Value
- 10.00
- Total Debt
- 34
- Net Working Capital
- 65
- Contingent Liabilities
- 0
- Book Value per Share
- 18.02
- Face Value
- 10.00
Mar 2021
- Equity Capital
- 25
- 20
- 0
- Trade Payables
- 4
- 15
- Total Liabilities
- 63
- 7
- 33
- 0
- Cash & Bank
- 1
- 21
- Total Assets
- 63
- Total Debt
- 5
- Net Working Capital
- 47
- Contingent Liabilities
- 0
- Book Value per Share
- 18.03
- Face Value
- 10.00
- Total Debt
- 5
- Net Working Capital
- 47
- Contingent Liabilities
- 0
- Book Value per Share
- 18.03
- Face Value
- 10.00
Mar 2022
- Equity Capital
- 25
- 9
- 0
- Trade Payables
- 2
- 9
- Total Liabilities
- 45
- 6
- 8
- 0
- Cash & Bank
- 5
- 25
- Total Assets
- 45
- Total Debt
- 0
- Net Working Capital
- 32
- Contingent Liabilities
- 0
- Book Value per Share
- 13.63
- Face Value
- 10.00
- Total Debt
- 0
- Net Working Capital
- 32
- Contingent Liabilities
- 0
- Book Value per Share
- 13.63
- Face Value
- 10.00
Mar 2023
- Equity Capital
- 25
- 9
- 0
- Trade Payables
- 7
- 11
- Total Liabilities
- 52
- 6
- 14
- 0
- Cash & Bank
- 0
- 32
- Total Assets
- 52
- Total Debt
- 3
- Net Working Capital
- 35
- Contingent Liabilities
- 0
- Book Value per Share
- 13.67
- Face Value
- 10.00
- Total Debt
- 3
- Net Working Capital
- 35
- Contingent Liabilities
- 0
- Book Value per Share
- 13.67
- Face Value
- 10.00
Mar 2024
- Equity Capital
- 25
- 10
- 0
- Trade Payables
- 7
- 11
- Total Liabilities
- 53
- 5
- 19
- 3
- Cash & Bank
- 4
- 21
- Total Assets
- 53
- Total Debt
- 3
- Net Working Capital
- 35
- Contingent Liabilities
- 0
- Book Value per Share
- 14.14
- Face Value
- 10.00
- Total Debt
- 3
- Net Working Capital
- 35
- Contingent Liabilities
- 0
- Book Value per Share
- 14.14
- Face Value
- 10.00
Mar 2025
- Equity Capital
- 25
- 12
- 0
- Trade Payables
- 7
- 25
- Total Liabilities
- 69
- 5
- 42
- 2
- Cash & Bank
- 4
- 16
- Total Assets
- 69
- Total Debt
- 18
- Net Working Capital
- 52
- Contingent Liabilities
- 0
- Book Value per Share
- 14.94
- Face Value
- 10.00
- Total Debt
- 18
- Net Working Capital
- 52
- Contingent Liabilities
- 0
- Book Value per Share
- 14.94
- Face Value
- 10.00
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 2 | -41 | -14 | 23 | -7 | 20 | 9 | -7 | 2 | -13 | |
| Cash from Investing | -0 | -9 | 0 | 0 | 0 | 0 | -0 | 0 | -1 | -0 |
| Cash from Financing | -1 | 53 | 13 | -23 | 6 | -21 | -5 | 2 | -0 | 13 |
| 0 | 2 | -1 | 0 | -1 | -1 | 4 | -5 | 0 | -0 | |
| Free Cash Flow | 2 | -51 | -14 | 23 | -7 | 20 | 9 | -7 | 2 | -13 |
| OCF / Net Profit | 3.45 | -113.43 | -12.31 | 17.80 | -8.83 | 971.03 | -0.85 | -65.04 | 1.34 | -6.73 |
| Cumulative 5-Year FCF | 0 | 0 | 0 | 0 | -47 | -29 | 31 | 38 | 16 | 10 |
| OCF / Net Profit | 3.45 | -113.43 | -12.31 | 17.80 | -8.83 | 971.03 | -0.85 | -65.04 | 1.34 | -6.73 |
| Cumulative 5-Year FCF | 0 | 0 | 0 | 0 | -47 | -29 | 31 | 38 | 16 | 10 |
Mar 2016
- 2
- Cash from Investing
- -0
- Cash from Financing
- -1
- 0
- Free Cash Flow
- 2
- OCF / Net Profit
- 3.45
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 3.45
- Cumulative 5-Year FCF
- 0
Mar 2017
- -41
- Cash from Investing
- -9
- Cash from Financing
- 53
- 2
- Free Cash Flow
- -51
- OCF / Net Profit
- -113.43
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- -113.43
- Cumulative 5-Year FCF
- 0
Mar 2018
- -14
- Cash from Investing
- 0
- Cash from Financing
- 13
- -1
- Free Cash Flow
- -14
- OCF / Net Profit
- -12.31
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- -12.31
- Cumulative 5-Year FCF
- 0
Mar 2019
- 23
- Cash from Investing
- 0
- Cash from Financing
- -23
- 0
- Free Cash Flow
- 23
- OCF / Net Profit
- 17.80
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 17.80
- Cumulative 5-Year FCF
- 0
Mar 2020
- -7
- Cash from Investing
- 0
- Cash from Financing
- 6
- -1
- Free Cash Flow
- -7
- OCF / Net Profit
- -8.83
- Cumulative 5-Year FCF
- -47
- OCF / Net Profit
- -8.83
- Cumulative 5-Year FCF
- -47
Mar 2021
- 20
- Cash from Investing
- 0
- Cash from Financing
- -21
- -1
- Free Cash Flow
- 20
- OCF / Net Profit
- 971.03
- Cumulative 5-Year FCF
- -29
- OCF / Net Profit
- 971.03
- Cumulative 5-Year FCF
- -29
Mar 2022
- 9
- Cash from Investing
- -0
- Cash from Financing
- -5
- 4
- Free Cash Flow
- 9
- OCF / Net Profit
- -0.85
- Cumulative 5-Year FCF
- 31
- OCF / Net Profit
- -0.85
- Cumulative 5-Year FCF
- 31
Mar 2023
- -7
- Cash from Investing
- 0
- Cash from Financing
- 2
- -5
- Free Cash Flow
- -7
- OCF / Net Profit
- -65.04
- Cumulative 5-Year FCF
- 38
- OCF / Net Profit
- -65.04
- Cumulative 5-Year FCF
- 38
Mar 2024
- 2
- Cash from Investing
- -1
- Cash from Financing
- -0
- 0
- Free Cash Flow
- 2
- OCF / Net Profit
- 1.34
- Cumulative 5-Year FCF
- 16
- OCF / Net Profit
- 1.34
- Cumulative 5-Year FCF
- 16
Mar 2025
- -13
- Cash from Investing
- -0
- Cash from Financing
- 13
- -0
- Free Cash Flow
- -13
- OCF / Net Profit
- -6.73
- Cumulative 5-Year FCF
- 10
- OCF / Net Profit
- -6.73
- Cumulative 5-Year FCF
- 10
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| PER SHARE | - | - | - | - | - | - | - | - | - | - |
| EPS (₹) | 1.28 | 0.48 | 1.47 | 1.08 | 0.33 | 0.01 | -4.41 | 0.04 | 0.47 | 0.80 |
| Book Value (₹) | 11.26 | 18.25 | 19.73 | 19.48 | 18.02 | 18.03 | 13.63 | 13.67 | 14.14 | 14.94 |
| Dividend per Share (₹) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Cash EPS (₹) | 1.51 | 0.93 | 2.55 | 1.71 | 0.63 | 0.30 | -4.12 | 0.33 | 0.74 | 1.03 |
| PROFITABILITY | - | - | - | - | - | - | - | - | - | - |
| Operating Margin % | 4.99% | 5.60% | 23.07% | 56.09% | 13.62% | 3.20% | -26.73% | 5.07% | 5.95% | 11.96% |
| Net Margin % | 2.00% | 1.42% | 3.25% | 6.97% | 1.31% | 0.02% | -29.86% | 0.57% | 3.44% | 7.28% |
| ROE % | 22.70% | 3.97% | 7.76% | 6.81% | 2.38% | 0.05% | -27.84% | 0.33% | 3.40% | 5.49% |
| ROCE % | 12.57% | 5.73% | 13.12% | 12.60% | 9.77% | 3.11% | -25.08% | 0.82% | 4.59% | 6.61% |
| 2.42% | 0.79% | 1.21% | 0.99% | 0.56% | 0.02% | -20.33% | 0.23% | 2.24% | 3.27% | |
| EFFICIENCY | - | - | - | - | - | - | - | - | - | - |
| Debtor Days | 0 | 108 | 141 | 419 | 133 | 75 | 159 | 379 | 140 | 39 |
| Inventory Days | 251 | 430 | 607 | 1761 | 622 | 284 | 205 | 209 | 178 | 409 |
| Payable Days | 29 | 121 | 351 | -265 | 129 | 33 | 26 | 169 | 126 | -1262 |
| 222 | 417 | 396 | 2444 | 626 | 327 | 339 | 419 | 193 | 1710 | |
| FINANCIAL HEALTH | - | - | - | - | - | - | - | - | - | - |
| Debt to Equity (x) | 0.48x | 1.29x | 4.14x | 2.11x | 0.75x | 0.11x | 0.01x | 0.07x | 0.08x | 0.48x |
| Interest Coverage (x) | 2.58x | 2.70x | 1.29x | 1.23x | 1.19x | 1.01x | -23.37x | 1.40x | 3.01x | 2.75x |
| 2.07x | 5.34x | 2.51x | 1.53x | 2.00x | 6.65x | 7.08x | 4.26x | 3.99x | 5.57x | |
| GROWTH | - | - | - | - | - | - | - | - | - | - |
| Revenue Growth % | 0.00% | 0.35% | 34.22% | -45.25% | 228.82% | 36.91% | -56.71% | -46.46% | 73.91% | -20.14% |
| Operating Profit Growth % | 31.54% | 12.58% | 452.56% | 33.15% | -20.18% | -67.79% | -461.31% | 110.16% | 139.50% | 53.52% |
| Net Profit Growth % | 1305.03% | -28.70% | 206.94% | 17.58% | -38.01% | -97.50% | 0.00% | 101.02% | 950.53% | 69.03% |
| 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 950.53% | 69.03% | |
| VALUATION | - | - | - | - | - | - | - | - | - | - |
| P/E (x) | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 105.44x | 53.86x |
| P/B (x) | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 3.52x | 2.88x |
| Dividend Yield % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 51.32x | 33.09x |
Mar 2016
- EPS (₹)
- 1.28
- Book Value (₹)
- 11.26
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 1.51
- Operating Margin %
- 4.99%
- Net Margin %
- 2.00%
- ROE %
- 22.70%
- ROCE %
- 12.57%
- 2.42%
- Debtor Days
- 0
- Inventory Days
- 251
- Payable Days
- 29
- 222
- Debt to Equity (x)
- 0.48x
- Interest Coverage (x)
- 2.58x
- 2.07x
- Revenue Growth %
- 0.00%
- Operating Profit Growth %
- 31.54%
- Net Profit Growth %
- 1305.03%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2017
- EPS (₹)
- 0.48
- Book Value (₹)
- 18.25
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 0.93
- Operating Margin %
- 5.60%
- Net Margin %
- 1.42%
- ROE %
- 3.97%
- ROCE %
- 5.73%
- 0.79%
- Debtor Days
- 108
- Inventory Days
- 430
- Payable Days
- 121
- 417
- Debt to Equity (x)
- 1.29x
- Interest Coverage (x)
- 2.70x
- 5.34x
- Revenue Growth %
- 0.35%
- Operating Profit Growth %
- 12.58%
- Net Profit Growth %
- -28.70%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2018
- EPS (₹)
- 1.47
- Book Value (₹)
- 19.73
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 2.55
- Operating Margin %
- 23.07%
- Net Margin %
- 3.25%
- ROE %
- 7.76%
- ROCE %
- 13.12%
- 1.21%
- Debtor Days
- 141
- Inventory Days
- 607
- Payable Days
- 351
- 396
- Debt to Equity (x)
- 4.14x
- Interest Coverage (x)
- 1.29x
- 2.51x
- Revenue Growth %
- 34.22%
- Operating Profit Growth %
- 452.56%
- Net Profit Growth %
- 206.94%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2019
- EPS (₹)
- 1.08
- Book Value (₹)
- 19.48
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 1.71
- Operating Margin %
- 56.09%
- Net Margin %
- 6.97%
- ROE %
- 6.81%
- ROCE %
- 12.60%
- 0.99%
- Debtor Days
- 419
- Inventory Days
- 1761
- Payable Days
- -265
- 2444
- Debt to Equity (x)
- 2.11x
- Interest Coverage (x)
- 1.23x
- 1.53x
- Revenue Growth %
- -45.25%
- Operating Profit Growth %
- 33.15%
- Net Profit Growth %
- 17.58%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2020
- EPS (₹)
- 0.33
- Book Value (₹)
- 18.02
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 0.63
- Operating Margin %
- 13.62%
- Net Margin %
- 1.31%
- ROE %
- 2.38%
- ROCE %
- 9.77%
- 0.56%
- Debtor Days
- 133
- Inventory Days
- 622
- Payable Days
- 129
- 626
- Debt to Equity (x)
- 0.75x
- Interest Coverage (x)
- 1.19x
- 2.00x
- Revenue Growth %
- 228.82%
- Operating Profit Growth %
- -20.18%
- Net Profit Growth %
- -38.01%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2021
- EPS (₹)
- 0.01
- Book Value (₹)
- 18.03
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 0.30
- Operating Margin %
- 3.20%
- Net Margin %
- 0.02%
- ROE %
- 0.05%
- ROCE %
- 3.11%
- 0.02%
- Debtor Days
- 75
- Inventory Days
- 284
- Payable Days
- 33
- 327
- Debt to Equity (x)
- 0.11x
- Interest Coverage (x)
- 1.01x
- 6.65x
- Revenue Growth %
- 36.91%
- Operating Profit Growth %
- -67.79%
- Net Profit Growth %
- -97.50%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2022
- EPS (₹)
- -4.41
- Book Value (₹)
- 13.63
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- -4.12
- Operating Margin %
- -26.73%
- Net Margin %
- -29.86%
- ROE %
- -27.84%
- ROCE %
- -25.08%
- -20.33%
- Debtor Days
- 159
- Inventory Days
- 205
- Payable Days
- 26
- 339
- Debt to Equity (x)
- 0.01x
- Interest Coverage (x)
- -23.37x
- 7.08x
- Revenue Growth %
- -56.71%
- Operating Profit Growth %
- -461.31%
- Net Profit Growth %
- 0.00%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2023
- EPS (₹)
- 0.04
- Book Value (₹)
- 13.67
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 0.33
- Operating Margin %
- 5.07%
- Net Margin %
- 0.57%
- ROE %
- 0.33%
- ROCE %
- 0.82%
- 0.23%
- Debtor Days
- 379
- Inventory Days
- 209
- Payable Days
- 169
- 419
- Debt to Equity (x)
- 0.07x
- Interest Coverage (x)
- 1.40x
- 4.26x
- Revenue Growth %
- -46.46%
- Operating Profit Growth %
- 110.16%
- Net Profit Growth %
- 101.02%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2024
- EPS (₹)
- 0.47
- Book Value (₹)
- 14.14
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 0.74
- Operating Margin %
- 5.95%
- Net Margin %
- 3.44%
- ROE %
- 3.40%
- ROCE %
- 4.59%
- 2.24%
- Debtor Days
- 140
- Inventory Days
- 178
- Payable Days
- 126
- 193
- Debt to Equity (x)
- 0.08x
- Interest Coverage (x)
- 3.01x
- 3.99x
- Revenue Growth %
- 73.91%
- Operating Profit Growth %
- 139.50%
- Net Profit Growth %
- 950.53%
- 950.53%
- P/E (x)
- 105.44x
- P/B (x)
- 3.52x
- Dividend Yield %
- 0.00%
- 51.32x
Mar 2025
- EPS (₹)
- 0.80
- Book Value (₹)
- 14.94
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 1.03
- Operating Margin %
- 11.96%
- Net Margin %
- 7.28%
- ROE %
- 5.49%
- ROCE %
- 6.61%
- 3.27%
- Debtor Days
- 39
- Inventory Days
- 409
- Payable Days
- -1262
- 1710
- Debt to Equity (x)
- 0.48x
- Interest Coverage (x)
- 2.75x
- 5.57x
- Revenue Growth %
- -20.14%
- Operating Profit Growth %
- 53.52%
- Net Profit Growth %
- 69.03%
- 69.03%
- P/E (x)
- 53.86x
- P/B (x)
- 2.88x
- Dividend Yield %
- 0.00%
- 33.09x
Documents
Announcements
- Copy of Newspaper Publication
2026-08-15 - Art Nirman Limited has informed the Exchange about Copy of Newspaper Publication
- Outcome of Board Meeting
2026-08-14 - Art Nirman Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2026.
Annual Reports
Credit Ratings
Nothing filed yet.
Concalls
Nothing filed yet.