Art Nirman Limited share price
Art Nirman Limited engages in the real estate development and allied activities in India. The company is involved in the construction and development of residential, commercial, and plotting projects. It also engages in the construction and development of office spaces, showrooms, and shops. In addition, the company offers maintenance services. The company was formerly known as Vishnudhara Buildcon Private Limited and changed its name to Art Nirman Limited in October 2011. Art Nirman Limited was incorporated in 2011 and is based in Ahmedabad, India.Read more
- Market Cap₹ 95 Cr.
- Current Price₹ 38.19
- High / Low₹ 67 / 29
- Stock P/E74.9
- Book Value₹ 17
- Dividend Yield0.00 %
- ROCE5.3 %
- ROE5.50 %
- Face Value₹ 10.0
More figures (10)
- EPS (TTM)₹ 0.51
- Price / Book2.29
- OPM9.8 %
- Debt / Equity0.48
- Sales growth (3Y)19.0 %
- Profit growth (3Y)66.7 %
- Promoter holding—
- EV / EBITDA32.7
- Beta0.70
- All-time high₹ 196
Price chart
| Returns | 1M | 3M | 6M | YTD | 1Y | 3Y CAGR | 5Y CAGR |
|---|---|---|---|---|---|---|---|
| ARTNIRMAN | -4.45% | -2.38% | -19.16% | -17.46% | -20.02% | -9.63% | +4.16% |
| Nifty 50 | -0.31% | -3.85% | -4.34% | -11.42% | -9.53% | +5.46% | +4.76% |
Price returns only (dividends not included). Prices from NSE via Yahoo Finance; may be delayed.
Quick take
- Art Nirman Limited is in the Real Estate - Development industry (Real Estate), with a market value of ₹95 crore.
- It trades at 74.9 times its last 12 months' earnings and 2.3 times book value.
- Revenue grew 19.0% a year over the last 3 years, profit 66.7% a year.
- Return on equity was 5.5% and return on capital employed 5.3% in the latest year.
- Debt was 0.48 times shareholders' equity.
- The share price is 43.0% below its 52-week high and down 20.0% over one year.
Pros
AI- Sales have grown 19.0% a year over the last 3 years.
- Profit has grown 66.7% a year over the last 3 years.
- Trades at 74.9 times earnings, below its 3-year median of 114.7.
- Promoters hold a large stake of 73.75%.
Cons
AI- Return on equity has been low: 3.1% on average over the last 3 years.
- Interest cover is thin: operating earnings are 1.1 times the interest cost.
- Other income makes up 96% of profit before tax.
- The company has not paid a dividend recently.
Pros and cons are generated automatically from the reported figures. They are observations, not a recommendation to buy or sell.
AI analysis
Plenitude AI reads the figures on this page and explains them in plain language. It does not say whether to buy or sell.
About Art Nirman Limited
Art Nirman Limited engages in the real estate development and allied activities in India. The company is involved in the construction and development of residential, commercial, and plotting projects. It also engages in the construction and development of office spaces, showrooms, and shops. In addition, the company offers maintenance services. The company was formerly known as Vishnudhara Buildcon Private Limited and changed its name to Art Nirman Limited in October 2011. Art Nirman Limited was incorporated in 2011 and is based in Ahmedabad, India.
- Employees
- 20
- Head office
- Ahmedabad
Peer comparison
Real EstateReal Estate - Development
| S.No. | Company | CMP ₹ | P/E | Mar Cap ₹ Cr | Div Yld % | NP Qtr ₹ Cr | Qtr Profit Var % | Sales Qtr ₹ Cr | Qtr Sales Var % | ROCE % | ROE % | P/B | OPM % | Debt / Eq | Prom. Hold. % | Sales ₹ Cr | Sales Var 3Yrs % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1. | Art Nirman | 38.19 | 74.9 | 95 | 0.00 | -0 | — | 2 | 40.99 | 5.3 | 5.5 | 2.29 | 9.8 | 0.48 | — | 33 | 19.0 |
| 2. | DLF | 675.00 | 37.6 | 1,67,084 | 1.19 | 794 | -38.08 | 1,280 | -59.06 | 6.3 | 10.0 | 3.67 | 16.4 | 0.01 | 74.14 | 7,838 | 11.3 |
| 3. | Lodha Developers | 1,058.70 | 25.7 | 1,05,791 | 0.40 | 1,372 | 48.87 | 4,997 | 18.28 | 18.2 | 15.8 | 4.54 | 28.9 | 0.42 | 70.29 | 16,291 | 20.4 |
| 4. | Oberoi Realty | 1,703.00 | 23.6 | 61,921 | 0.47 | 544 | 25.67 | 1,301 | 13.11 | 16.7 | 14.9 | 3.46 | 53.7 | 0.16 | 67.70 | 6,009 | 12.9 |
| 5. | Godrej Properties | 1,603.30 | 30.2 | 48,296 | 0.62 | 349 | -41.61 | 506 | 16.48 | 11.1 | 10.1 | 2.52 | -10.5 | 0.83 | 57.58 | 5,131 | 32.4 |
| 6. | Brigade Enterprises | 575.15 | 27.0 | 18,759 | 0.34 | 217 | 37.35 | 1,116 | -12.93 | 9.8 | 10.3 | 27.50 | 19.9 | 1.01 | 46.71 | 5,697 | 18.6 |
| 7. | Anant Raj | 511.75 | 31.0 | 18,417 | 0.19 | 150 | 18.88 | 631 | 6.58 | 10.4 | 11.2 | 3.18 | 24.2 | 0.12 | 62.30 | 2,512 | 37.9 |
| 8. | Sobha | 1,188.40 | 55.1 | 12,710 | 0.50 | 51 | 24.45 | 1,278 | 3.03 | 7.4 | 4.2 | 2.69 | 4.0 | 0.22 | 58.48 | 5,152 | 16.3 |
| 9. | Signatureglobal (India) | 729.85 | 9.8 | 10,268 | 0.00 | -17 | -148.02 | 552 | -36.24 | 36.2 | 85.0 | 5.54 | -2.3 | 1.61 | 76.81 | 2,579 | 18.6 |
| 10. | Keystone Realtors | 344.20 | 37.3 | 4,348 | 0.00 | 52 | 220.70 | 470 | 72.19 | 5.3 | 2.8 | 1.52 | 4.1 | 0.52 | 75.74 | 2,635 | 58.2 |
| Median: 17 Co. | 702.43 | 30.2 | 4,348 | 0.19 | 183 | 24.45 | 873 | 9.84 | 10.1 | 5.2 | 2.51 | 13.1 | 0.45 | 67.70 | 5,142 | 18.8 |
Companies in the same industry; the median covers every company in it that we hold figures for. Tap a heading to sort. Sorting and comparing are ways to explore data, not recommendations.
Quarterly Results
Standalone figures in ₹ crore
Source: the company's results filed with NSE, as reported. Tap a row marked + for its breakdown. Latest quarter on the right.
Profit & Loss
Standalone figures in ₹ crore
Projection — your assumptions
Starts from the last four reported quarters (TTM) and applies the figures you enter; growth is pre-filled with the company's own 3-year sales growth. This is a what-if calculator for illustration, not a forecast, estimate or recommendation.
Related party transactions
Related-party transactions are dealings with promoters, directors, subsidiaries and associates. Companies disclose them to the exchanges every half-year and in detail in the notes to their annual report.
- Related Party TransactionsArt Nirman Limited has informed the Exchange about related Party Transactions Half year ended on 31st March,2023.29-May-2023
- Related Party TransactionArt Nirman Limited has informed the Exchange about related party transaction for the period ended September 2022.24-Nov-2022
- Related Party TransactionArt Nirman Limited has informed the Exchange about related party transaction for the period ended March 2022.09-Jun-2022
- Related Party TransactionsArt Nirman Limited has informed the Exchange regarding Disclosure of Related party transactions u/r 23(9) of SEBI (Listing obligations and Disclosure Requirements) Regulations, 20…19-Jun-2019
Full details: notes to the Financial Year 2026 annual report (related party disclosures).
| ₹ Cr | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|
| 37 | 20 | 34 | 27 | 33 | 35 | |
| YOY Sales Growth % | -46.46% | 73.91% | -20.14% | 21.36% | ||
| 47 | 19 | 32 | 24 | 28 | 30 | |
| Material Cost % | 99% | 46% | 57% | -7% | -56% | -70% |
| Employee Cost % | 2% | 5% | 2% | 3% | 3% | 3% |
| Other Expenses % | 26% | 44% | 35% | 93% | 139% | 153% |
| Operating Profit | -10 | 1 | 2 | 3 | 5 | 5 |
| OPM % | -27% | 5% | 6% | 12% | 15% | 14% |
| Other Income | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest | 0 | 0 | 1 | 1 | 4 | 4 |
| Depreciation | 1 | 1 | 1 | 1 | 0 | 1 |
| Profit before tax | -11 | 0 | 1 | 2 | 1 | 0 |
| -34% | -3% | -1% | 20% | 26% | ||
| Current tax | -0 | |||||
| Deferred tax | -0 | -0 | -0 | -0 | 0 | |
| -11 | 0 | 1 | 2 | 1 | 0 | |
| YOY Profit Growth % | 949.78% | 69.00% | -73.90% | |||
| EPS in Rs | -4.41 | 0.04 | 0.47 | 0.80 | 0.21 | 0.27 |
Compounded Sales Growth
- 3 Years:
- 19%
- TTM:
- 51%
Compounded Profit Growth
- 3 Years:
- 67%
- TTM:
- -76%
Stock Price CAGR
- 5 Years:
- 4%
- 3 Years:
- -10%
- 1 Year:
- -20%
Return on Equity
- 4 Years:
- -6%
- Last Year:
- 6%
Financial years ending March; TTM = the last four quarters. Source: the company's results filed with NSE, as reported. Tap a row marked + for its breakdown. Dividend payout = dividends paid in the year ÷ net profit.
Balance Sheet
Consolidated figures in ₹ crore, as at 31 March
| ₹ Cr | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|
| Equity Capital | 25 | 25 | 25 | 25 |
| Reserves | 9 | 9 | 10 | 12 |
| 0 | 3 | 3 | 18 | |
| Long term borrowings | 0 | 2 | 3 | 18 |
| Short term borrowings | 0 | 0 | 0 | 0 |
| 11 | 15 | 15 | 13 | |
| Trade payables | 2 | 7 | 7 | 7 |
| Current liabilities | 5 | 11 | 12 | 11 |
| Total Liabilities | 45 | 52 | 53 | 69 |
| 6 | 6 | 5 | 5 | |
| Gross block | 11 | 11 | 11 | 11 |
| Accumulated depreciation | 4 | 5 | 5 | 6 |
| Goodwill & intangibles | 0 | 0 | 0 | 0 |
| 39 | 46 | 48 | 64 | |
| Inventories | 8 | 14 | 19 | 42 |
| Trade receivables | 18 | 23 | 3 | 2 |
| Cash & equivalents | 5 | 0 | 0 | 0 |
| Current assets | 38 | 46 | 46 | 64 |
| Total Assets | 45 | 52 | 53 | 69 |
Source: Yahoo Finance (compiled from the annual reports). Tap a row marked + for its breakdown.
Cash Flows
Consolidated figures in ₹ crore, financial years ending March
| ₹ Cr | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|
| 9 | -7 | 2 | -13 | |
| Profit for the year | -11 | 0 | 1 | 2 |
| Working capital changes | 19 | -8 | -1 | -18 |
| Direct taxes paid | 0 | |||
| -0 | 0 | -1 | -0 | |
| Fixed assets purchased | -0 | -0 | -0 | -0 |
| Fixed assets sold | 0 | |||
| -5 | 2 | -0 | 13 | |
| Interest paid | -0 | -0 | -1 | -2 |
| Net Cash Flow | 4 | -5 | 0 | -0 |
| Free Cash Flow | 9 | -7 | 2 | -13 |
Free cash flow = cash from operations − capital expenditure. Source: Yahoo Finance.
Ratios
| Ratio | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|
| ROE | -32.3% | 0.3% | 3.4% | 5.5% |
| ROCE | -26.6% | 0.7% | 4.0% | 5.3% |
| Operating margin | -29.0% | 1.3% | 4.1% | 9.8% |
| Net margin | -30.0% | 0.6% | 3.4% | 7.3% |
| Debt / equity | 0.01 | 0.07 | 0.08 | 0.48 |
| Current ratio | 7.08 | 4.26 | 3.99 | 5.57 |
| Debtor days | 179 | 426 | 35 | 33 |
| Inventory days | 83 | 578 | 354 | — |
| Days payable | 16 | 274 | 126 | — |
| Cash conversion cycle | 246 | 730 | 263 | — |
| Working capital days | 322 | 645 | 369 | 696 |
Computed from the reported statements: ROE on average equity; ROCE = EBIT / (total assets − current liabilities). Debtor days = receivables ÷ sales × 365; inventory and payable days use cost of goods sold; cash conversion cycle = debtor + inventory − payable days; working capital days = (current assets − current liabilities) ÷ sales × 365.
Shareholding Pattern
Numbers in percentages · as filed with NSE each quarter
- Promoters 73.75%
- Public 26.25%
| % | 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 | 73.75% | 73.75% | 73.75% | 73.75% | 73.75% | 73.75% | 73.75% | 73.75% | 73.75% | 73.75% | 73.75% | 73.75% |
| 26.25% | 26.25% | 26.25% | 26.25% | 26.25% | 26.25% | 26.25% | 26.25% | 26.25% | 26.25% | 26.25% | 26.25% | |
| Retail (up to ₹2 lakh) | 3.67% | 3.67% | 3.48% | 3.62% | 3.44% | 4.03% | 4.16% | 3.90% | 4.00% | 3.93% | 3.96% | 3.87% |
| HNIs (above ₹2 lakh) | 19.01% | 19.05% | 19.08% | 18.93% | 19.18% | 18.64% | 18.52% | 18.51% | 18.37% | 18.40% | 18.38% | 18.43% |
| NRIs | 0.01% | 0.10% | 0.11% | 0.04% | 0.02% | 0.01% | 0.01% | 0.01% | 0.01% | 0.01% | 0.01% | |
| Bodies corporate | 0.01% | 0.01% | 0.04% | 0.04% | 0.04% | 0.04% | 0.04% | 0.30% | 0.33% | 0.36% | 0.36% | 0.36% |
| No. of Shareholders | 2,966 | 2,959 | 2,673 | 2,673 | 2,861 | 3,446 | 3,285 | 3,378 | 3,260 | 3,186 | 3,118 | 3,084 |
Source: shareholding patterns filed by the company with NSE. Public = non-institutional holders. Tap a row marked + for its breakdown.
Documents
Announcements
- Certificate under SEBI (Depositories and Participants) Regulations, 2018Art Nirman Limited has informed the Exchange about Certificate under SEBI (Depositories and Participants) Regulations, 201814-Oct-2026
- Shareholders meetingArt Nirman Limited has submitted the Exchange a copy Srutinizers report of Annual General Meeting held on September 26, 2026. Further, the company has informed the Exchange regard…28-Sep-2026
- Shareholders meetingArt Nirman Limited has informed the Exchange regarding Proceedings of Annual General Meeting held on September 26, 202626-Sep-2026
- Trading WindowArt Nirman Limited has informed the Exchange regarding the Trading Window closure pursuant to SEBI (Prohibition of Insider Trading) Regulations, 201523-Sep-2026
- Reply to Clarification- Financial resultsThe Exchange had sought clarification from Art Nirman Limited for the quarter ended 30-Jun-2026 with respect to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requi…15-Sep-2026
- Copy of Newspaper PublicationArt Nirman Limited has informed the Exchange about Copy of Newspaper Publication07-Sep-2026
- UpdatesArt Nirman Limited has informed the Exchange regarding 'Shareholder Letter regarding the Annual General Meeting '.05-Sep-2026
- Shareholders meetingArt Nirman Limited has informed the Exchange regarding Notice of Annual General Meeting to be held on September 26, 202605-Sep-2026
- Copy of Newspaper PublicationArt Nirman Limited has informed the Exchange about Copy of Newspaper Publication15-Aug-2026
- Outcome of Board MeetingArt Nirman Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2026.14-Aug-2026
- ResignationArt Nirman Limited has informed the Exchange regarding Resignation of Mr Chintan Bhatt as Non- Executive Independent Director of the company w.e.f. August 07, 2026.07-Aug-2026
- Resignation of Director/KMP/SMPArt Nirman Limited has informed the Exchange about Resignation of Director/KMP/SMP07-Aug-2026
Annual reports
- Financial Year 202605-SEP-2026
- Financial Year 202514-JUL-2025
- Financial Year 202404-SEP-2024
- Financial Year 2023
- Financial Year 2022
Credit ratings
None filed recently.
Concalls & investor meets
None filed recently.
Filings made by the company with NSE; documents open on NSE's website.
Key dates
- Ex-dividend date
- 1 Jan 1970
- Latest quarter
- 30 Jun 2026
- Financial year end
- 31 Mar 2026
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Latest news
From the company (NSE)
- Certificate under SEBI (Depositories and Participants) Regulations, 2018Art Nirman Limited has informed the Exchange about Certificate under SEBI (Depositories and Participants) Regulations, 2018NSE filing · 14-Oct-2026
- Shareholders meetingArt Nirman Limited has submitted the Exchange a copy Srutinizers report of Annual General Meeting held on September 26, 2026. Further, the company has informed the Exchange regard…NSE filing · 28-Sep-2026
- Shareholders meetingArt Nirman Limited has informed the Exchange regarding Proceedings of Annual General Meeting held on September 26, 2026NSE filing · 26-Sep-2026
- Trading WindowArt Nirman Limited has informed the Exchange regarding the Trading Window closure pursuant to SEBI (Prohibition of Insider Trading) Regulations, 2015NSE filing · 23-Sep-2026
- Reply to Clarification- Financial resultsThe Exchange had sought clarification from Art Nirman Limited for the quarter ended 30-Jun-2026 with respect to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requi…NSE filing · 15-Sep-2026
- Copy of Newspaper PublicationArt Nirman Limited has informed the Exchange about Copy of Newspaper PublicationNSE filing · 07-Sep-2026
- UpdatesArt Nirman Limited has informed the Exchange regarding 'Shareholder Letter regarding the Annual General Meeting '.NSE filing · 05-Sep-2026
- Shareholders meetingArt Nirman Limited has informed the Exchange regarding Notice of Annual General Meeting to be held on September 26, 2026NSE filing · 05-Sep-2026
Headlines from news publishers (via Google News) and the filings of the company with NSE; they open on the source website. Headlines with price targets or buy/sell calls are left out. News is for information only and is not a recommendation.
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