Art Nirman Ltd

  • Market Cap: Micro Cap
  • Industry: Realty
  • ISIN: INE738V01013
  • NSEID: ARTNIRMAN
  • BSEID:
INR
33.43
-2 (-5.64%)
BSENSE

Mar 25

BSE+NSE Vol: 5797

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  • Financials
  • CompanyCV
stock-summaryPrice Point
High/Low

1Day

52 Week

Valuation
Technical
Day's Volume

CASH

5.8 k (272.61%) Volume

Shareholding (Dec 2025)

FII

0.00%

Held by 0 FIIs

DII

0.00%

Held by 0 DIIs

Promoter

73.75%

Who are the top shareholders of the Art Nirman Ltd?

06-Jun-2025

The top shareholder of Art Nirman Ltd is Ashokkumar Raghuram Thakker, holding 66.75%, followed by public shareholder Ajaykumar Jamnalal Pujara with 3.43%. Individual investors own 22.68% of the shares, with no mutual funds or foreign institutional investors involved.

The top shareholders of Art Nirman Ltd are primarily the promoters, with Ashokkumar Raghuram Thakker holding the largest stake at 66.75%. The highest public shareholder is Ajaykumar Jamnalal Pujara, who owns 3.43%. Additionally, individual investors collectively hold 22.68% of the company's shares. There are no mutual funds or foreign institutional investors currently holding shares in the company.

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how big is Art Nirman Ltd?

06-Jun-2025

As of Jun 06, Art Nirman Ltd has a market capitalization of 156.17 Cr, with recent net sales of 27.38 Cr and a net profit of 1.99 Cr. The company's shareholder's funds are valued at 35.29 Cr, and total assets amount to 53.18 Cr.

Market Cap: As of Jun 06, Art Nirman Ltd has a market capitalization of 156.17 Cr, categorizing it as a Micro Cap company.<BR><BR>Recent Quarterly Performance: The company reported a sum of Net Sales of 27.38 Cr and a sum of Net Profit of 1.99 Cr for the latest 4 quarters, which is Standalone data.<BR><BR>Balance Sheet Snapshot: This is Standalone data for the latest annual period ending Mar'24. The Shareholder's Funds are valued at 35.29 Cr, and the Total Assets amount to 53.18 Cr.

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When is the next results date for Art Nirman Ltd?

06-Jun-2025

No Upcoming Board Meetings

Has Art Nirman Ltd declared dividend?

06-Jun-2025

No Dividend History Available

Is Art Nirman Ltd overvalued or undervalued?

09-Jun-2025

As of May 27, 2025, Art Nirman Ltd is considered very expensive with a PE Ratio of 78.48 and an EV to EBITDA of 47.47, indicating it is overvalued compared to its peers despite recent strong stock performance.

As of 27 May 2025, the valuation grade for Art Nirman Ltd has moved from expensive to very expensive, indicating a significant shift in its perceived value. The company is currently overvalued based on its financial metrics. Key ratios include a PE Ratio of 78.48, an EV to EBITDA of 47.47, and a Price to Book Value of 4.43, all of which suggest that the stock is trading at a premium compared to its earnings and assets.<BR><BR>In comparison to its peers, Art Nirman Ltd's PE Ratio is notably higher than the industry average, which raises concerns about its valuation sustainability. For instance, while Art Nirman has a PEG Ratio of 1.10, other companies in the realty sector may offer more attractive valuations. Recent stock performance shows that Art Nirman has outperformed the Sensex over the past week and month, with returns of 25.74% and 54.2%, respectively, but this may not be enough to justify its very expensive valuation in the long term.

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What is the technical trend for Art Nirman Ltd?

09-Jun-2025

As of May 21, 2025, Art Nirman Ltd's technical trend is mildly bearish, with mixed signals from indicators like the weekly MACD and Bollinger Bands showing bullish signs, while daily moving averages and the monthly MACD indicate short-term weakness.

As of 21 May 2025, the technical trend for Art Nirman Ltd has changed from bearish to mildly bearish. The weekly MACD indicates a mildly bullish stance, while the monthly MACD remains bearish. The Bollinger Bands show bullish signals on both weekly and monthly time frames. However, the daily moving averages are mildly bearish, suggesting short-term weakness. The KST is mildly bullish on the weekly chart but bearish monthly, and the OBV reflects a mildly bullish trend weekly while being bearish monthly. Overall, the current technical stance is mildly bearish, with key indicators like the daily moving averages and monthly MACD contributing to this view.

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Who are the peers of the Art Nirman Ltd?

16-Jul-2025

Peers of Art Nirman Ltd include Prajay Engineers, V R Infraspace, H D I L, and others. Management risk is generally below average for several peers, with V R Infraspace showing the best 1-year return at -6.59%, while Art Nirman Ltd has a return of -12.50%.

Peers: The peers of Art Nirman Ltd are Prajay Engineers, V R Infraspace, H D I L, Vipul Ltd, Standard Inds., Samor Reality, Kretto Syscon, Shervani Indl Sy, Thakkers Develp, and Shri Krishna.<BR><BR>Quality Snapshot: Below Average management risk is observed at Prajay Engineers, Art Nirman Ltd, Vipul Ltd, Samor Reality, Kretto Syscon, Thakkers Develp, and Shri Krishna, while Average management risk is found at V R Infraspace, H D I L, and Shervani Indl Sy. Growth is rated as Excellent for Kretto Syscon, Good for V R Infraspace and Thakkers Develp, Average for Art Nirman Ltd and Samor Reality, and Below Average for Prajay Engineers, H D I L, Vipul Ltd, Standard Inds., and Shri Krishna. Capital Structure is Excellent at Standard Inds., Good at V R Infraspace and Kretto Syscon, Average at Samor Reality, and Below Average at Prajay Engineers, Art Nirman Ltd, H D I L, Vipul Ltd, Shervani Indl Sy, Thakkers Develp, and Shri Krishna.<BR><BR>Return Snapshot: The peer with the highest 1-year return is V R Infraspace at -6.59%, while the peer with the lowest is Vipul Ltd at -79.34%. Art Nirman Ltd's 1-year return of -12.50% is better than Vipul Ltd's but worse than V R Infraspace's. Additionally, several peers, including Vipul Ltd, Standard Inds., and H D I L, have negative six-month returns.

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Who are in the management team of Art Nirman Ltd?

16-Jul-2025

As of March 2022, the management team of Art Nirman Ltd includes Ashokkumar Thakker (Chairman & Managing Director), Piyush Thakkar (Executive Director), Dharmishthaben Thakkar (Director), and several independent directors: Krunal Mistry, Hemang K Shah, and Chintan Bhatt, along with Yesha Yatishbhai Shah (Company Secretary & Compliance Officer). They oversee the company's operations and governance.

As of March 2022, the management team of Art Nirman Ltd includes the following individuals:<BR><BR>1. Ashokkumar Thakker - Chairman & Managing Director<BR>2. Piyush Thakkar - Executive Director<BR>3. Dharmishthaben Thakkar - Director<BR>4. Krunal Mistry - Independent Director<BR>5. Yesha Yatishbhai Shah - Company Secretary & Compliance Officer<BR>6. Hemang K Shah - Independent Director<BR>7. Chintan Bhatt - Independent Director<BR><BR>This team is responsible for overseeing the company's operations and governance.

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What does Art Nirman Ltd do?

17-Jul-2025

Art Nirman Ltd is a micro-cap company in the realty industry, originally incorporated in 2011, with recent quarterly net sales of 89 Cr and net profit of 8 Cr as of March 2025. The company has a market cap of INR 151 Cr and key financial metrics include a P/E ratio of 74.00 and a return on equity of 5.64%.

Overview: <BR>Art Nirman Ltd operates in the realty industry and is classified as a micro-cap company.<BR><BR>History: <BR>Art Nirman Ltd was originally incorporated as "Vishnudhara Builders Private Limited" in 2011. The company underwent a name change to "Vishnudhara Buildcon Private Limited" later that same year. The most recent quarterly results reported net sales and net profit for March 2025.<BR><BR>Financial Snapshot: <BR>Net Sales: 89 Cr (Quarterly Results - Mar 2025) <BR>Net Profit: 8 Cr (Quarterly Results - Mar 2025) <BR>Market Cap: INR 151 Cr (Micro Cap)<BR><BR>Key Metrics: <BR>P/E: 74.00 <BR>Industry P/E: 46 <BR>Dividend Yield: 0.00% <BR>Debt-Equity: -0.04 <BR>Return on Equity: 5.64% <BR>Price to Book: 4.10 <BR><BR>Contact Details: <BR>Address: 14 JBR Arcade 2nd Floor, Nr R K Royal Hall Science City Ahmedabad Gujarat : 380060 <BR>Tel: 91-8866404499 <BR>Email: info@artnirman.com <BR>Website: http://www.artnirman.com

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How has been the historical performance of Art Nirman Ltd?

25-Nov-2025

Art Nirman Ltd has experienced significant financial fluctuations, with net sales peaking at 85.06 Cr in Mar'21 before declining to 27.39 Cr by Mar'25, while operating profit and profits before and after tax improved from losses in Mar'22 to gains by Mar'25. However, total liabilities increased, and cash flow from operating activities turned negative by Mar'25.

Answer:<BR>The historical performance of Art Nirman Ltd shows significant fluctuations in key financial metrics over the years.<BR><BR>Breakdown:<BR>Art Nirman Ltd's net sales have experienced considerable volatility, peaking at 85.06 Cr in Mar'21 before declining to 27.39 Cr by Mar'25. The total operating income followed a similar trend, with a high of 85.06 Cr in Mar'21 and dropping to 27.39 Cr in Mar'25. The raw material costs have also varied, reaching a low of 5.78 Cr in Mar'21 and increasing to 21.15 Cr in Mar'25. Operating profit (PBDIT) saw a decline to -9.90 Cr in Mar'22 but rebounded to 3.68 Cr by Mar'25. Profit before tax improved from a loss of -11.01 Cr in Mar'22 to a profit of 1.97 Cr in Mar'25, while profit after tax showed a similar recovery, moving from -11.00 Cr in Mar'22 to 1.99 Cr in Mar'25. The company's total liabilities increased from 44.98 Cr in Mar'22 to 68.82 Cr in Mar'25, reflecting a rise in long-term borrowings. Cash flow from operating activities turned negative at -13.00 Cr in Mar'25, contrasting with a positive cash flow of 19.00 Cr in Mar'21. Overall, Art Nirman Ltd has shown a challenging financial trajectory with periods of both significant loss and recovery.

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Are Art Nirman Ltd latest results good or bad?

14-Feb-2026

Art Nirman Ltd's latest results are concerning, showing a 62.96% decline in net sales and an 83.72% drop in net profit for Q3 FY26, indicating significant financial struggles and raising questions about the company's future viability. Overall, the performance is characterized as bad, with a one-year return of -16.87% and high valuation metrics.

The latest results for Art Nirman Ltd are concerning, indicating a significant decline in financial performance. In Q3 FY26, the company reported net sales of ₹2.50 crores, which represents a staggering 62.96% decrease compared to the previous quarter. This decline has erased the gains made in Q2 FY26, where sales had surged by 350%. <BR><BR>Net profit also saw a dramatic drop, falling to just ₹0.07 crores, down 83.72% quarter-on-quarter. The operating margin collapsed to 5.20%, a significant decrease from 19.70% in the prior quarter. These figures highlight the company's struggle with revenue generation and operational efficiency, raising serious concerns about its business model and execution capabilities.<BR><BR>Moreover, Art Nirman's performance over the past year has been poor, with a one-year return of -16.87%, significantly underperforming the broader market. The absence of institutional interest and the company's high valuation metrics, such as a P/E ratio of 73.20, further complicate its investment appeal.<BR><BR>Overall, the results can be characterized as bad, reflecting a deteriorating financial situation and raising questions about the company's future viability in the competitive real estate sector.

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Should I buy, sell or hold Art Nirman Ltd?

15-Feb-2026

Why is Art Nirman Ltd falling/rising?

18-Mar-2026

As of 17-Mar, Art Nirman Ltd's stock price is rising to Rs. 37.85, up 5.9%, but it has a year-to-date decline of 18.20% and a one-year return of -14.83%. The stock faces long-term challenges, including weak fundamentals and declining investor confidence.

As of 17-Mar, Art Nirman Ltd's stock price is rising, currently at Rs. 37.85, reflecting an increase of Rs. 2.11 or 5.9%. This upward movement is notable as the stock has outperformed its sector by 3.93% today. However, it is essential to consider the broader context of the company's performance. <BR><BR>Despite the recent rise, the stock has faced significant challenges over the longer term, with a year-to-date decline of 18.20% and a one-year return of -14.83%. The stock has also hit a new 52-week low of Rs. 34.3 earlier today, indicating ongoing volatility. Additionally, the company has shown weak long-term fundamental strength, evidenced by a -22.32% CAGR growth in net sales over the last five years and a poor EBIT to interest ratio of -0.31, suggesting difficulties in servicing its debt.<BR><BR>Moreover, investor participation has been falling, with delivery volume dropping by 89.47% against the five-day average, which could indicate a lack of confidence among investors. The stock is trading at a discount compared to its peers' average historical valuations, but it has consistently underperformed against benchmarks like the BSE500 over the last three years.<BR><BR>In summary, while Art Nirman Ltd's stock is experiencing a rise today, the overall trend reflects significant underlying issues that could affect its future performance.

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Why is Art Nirman Ltd falling/rising?

19-Mar-2026

As of 18-Mar, Art Nirman Ltd's stock price is declining, currently at 37.13, with a significant drop in investor interest and delivery volume. The company shows weak fundamentals, with substantial declines in net sales and profitability, contributing to its underperformance against benchmarks.

As of 18-Mar, Art Nirman Ltd's stock price is falling, currently at 37.13, reflecting a change of -0.72 or -1.9%. The stock has underperformed its sector today by -4.78%, indicating a significant decline in investor interest. This is further evidenced by a sharp drop in delivery volume, which fell by -89.66% against the 5-day average, suggesting a lack of confidence among investors.<BR><BR>Over the past month, the stock has decreased by -8.73%, and year-to-date, it has fallen by -19.75%. The long-term performance is also concerning, with a -14.92% return over the past year and a staggering -35.98% decline over the last three years, consistently underperforming against the benchmark index, the Sensex.<BR><BR>The company's fundamentals are weak, with a -22.32% compound annual growth rate (CAGR) in net sales over the last five years and a poor EBIT to interest ratio of -0.31, indicating difficulties in servicing its debt. Additionally, the return on equity is low at 2.64%, highlighting low profitability. The latest financial results show a net sales decline of -28.63% over the last six months, and the inventory turnover ratio is at its lowest, further compounding the negative outlook.<BR><BR>Overall, the combination of weak financial performance, declining investor participation, and consistent underperformance against benchmarks contributes to the falling stock price of Art Nirman Ltd.

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Why is Art Nirman Ltd falling/rising?

20-Mar-2026

As of 19-Mar, Art Nirman Ltd's stock price is at Rs. 34.92, down 5.95%, with a 52-week low of Rs. 33.45. The stock has significantly underperformed the Sensex and shows a bearish trend, despite increased investor participation.

As of 19-Mar, Art Nirman Ltd's stock price is falling, currently at Rs. 34.92, which represents a decrease of Rs. 2.21 or 5.95%. This decline is reflected in the stock's performance over various periods, showing a significant drop of 17.60% over the past month and a year-to-date decrease of 24.53%. Additionally, the stock has hit a new 52-week low of Rs. 33.45 today, indicating ongoing downward pressure.<BR><BR>The stock's performance has also underperformed compared to the benchmark Sensex, which has declined by only 2.69% over the past week. Furthermore, Art Nirman Ltd is trading below its moving averages across multiple time frames, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages, suggesting a bearish trend.<BR><BR>Despite a rise in investor participation, with delivery volume increasing by 90.96% against the 5-day average, the overall sentiment appears negative, contributing to the stock's decline. The liquidity of the stock remains adequate for trading, but the persistent underperformance relative to the market and the significant losses over the past year and three years highlight the challenges facing Art Nirman Ltd.

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Why is Art Nirman Ltd falling/rising?

20-Mar-2026

As of 20-Mar, Art Nirman Ltd's stock price is Rs 34.29, down 1.8%, reflecting a significant decline over various periods, including a 25.89% drop year-to-date. The stock is near its 52-week low and shows weak financial fundamentals, contributing to reduced investor interest and a bearish trend.

As of 20-Mar, Art Nirman Ltd's stock price is falling, currently at Rs 34.29, reflecting a decrease of Rs 0.63 or 1.8%. This decline is part of a broader trend, as the stock has underperformed significantly over various time frames, including a 1-week drop of 3.71% and a 1-month decline of 18.78%. Year-to-date, the stock has decreased by 25.89%, while it has also shown a substantial 20.46% decline over the past year.<BR><BR>The stock's performance today indicates it is close to its 52-week low, being only 2.45% away from Rs 33.45. Additionally, Art Nirman Ltd is trading below its moving averages across multiple periods, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages, which suggests a bearish trend. Investor participation has also decreased, with a delivery volume drop of 17.35% compared to the 5-day average, indicating reduced interest in the stock.<BR><BR>Fundamentally, the company faces challenges, including a weak long-term growth outlook with a -22.32% CAGR in net sales over the last five years and a poor EBIT to interest ratio of -0.31, reflecting difficulties in servicing its debt. The return on equity is low at 2.64%, indicating limited profitability relative to shareholders' funds. Furthermore, the company's net sales have declined by 28.63% in the latest six months, and its inventory turnover ratio is at a low of 0.38 times.<BR><BR>Overall, the consistent underperformance against benchmarks, coupled with weak financial fundamentals and declining investor interest, contributes to the falling stock price of Art Nirman Ltd.

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Why is Art Nirman Ltd falling/rising?

24-Mar-2026

As of 23-Mar, Art Nirman Ltd's stock price is at Rs 34.27, reflecting a decline of 0.06%. The stock has significantly underperformed, with a year-to-date drop of 25.93% due to weak fundamentals, poor financial health, and negative market sentiment.

As of 23-Mar, Art Nirman Ltd's stock price is experiencing a slight decline, currently at Rs 34.27, down by Rs 0.02 or 0.06%. This decrease is part of a broader trend, as the stock has underperformed significantly over various time periods. Over the past week, the stock has dropped by 4.11%, and in the last month, it has fallen by 17.20%. Year-to-date, the decline is even more pronounced at 25.93%, while the stock has lost 23.47% over the past year.<BR><BR>Several factors contribute to this downward movement. The company's long-term fundamentals appear weak, with a compound annual growth rate (CAGR) in net sales of -22.32% over the last five years. Additionally, the company's ability to service its debt is concerning, indicated by a poor EBIT to interest ratio of -0.31. The return on equity is also low at 2.64%, suggesting limited profitability for shareholders.<BR><BR>Recent financial results have not shown improvement either; net sales for the latest six months have decreased by 28.63%, and the inventory turnover ratio is at its lowest, recorded at 0.38 times. Furthermore, the stock has consistently underperformed against the benchmark indices, including the BSE500, over the last three years.<BR><BR>Despite a recent increase in investor participation, with delivery volume rising by 236.91% on March 20, the overall sentiment remains negative due to the company's weak financial performance and valuation metrics. The stock is trading below its moving averages across various time frames, indicating a bearish trend. Therefore, the combination of poor financial health, consistent underperformance, and negative market sentiment are key reasons for the stock's decline.

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Why is Art Nirman Ltd falling/rising?

25-Mar-2026

As of 24-Mar, Art Nirman Ltd's stock price is rising to 35.43, reflecting a 3.38% increase due to stronger investor interest and relative sector performance. However, the company faces significant long-term challenges, including a 19.28% decline over the past year and weak fundamentals, suggesting that the current price rise may not be sustainable.

As of 24-Mar, Art Nirman Ltd's stock price is rising, currently at 35.43, with a change of 1.16 (3.38%) increase. This upward movement can be attributed to a few key factors. Notably, the stock has outperformed its sector by 1.64% today, indicating a relative strength compared to its peers. Additionally, there has been a rise in investor participation, with a delivery volume increase of 21.77% against the 5-day average, suggesting growing interest among investors.<BR><BR>However, it is essential to consider the broader context of the company's performance. Over the past year, Art Nirman Ltd has experienced a significant decline of 19.28%, and its year-to-date performance shows a drop of 23.43%. The stock has consistently underperformed against the benchmark, with negative returns over various periods, including a 37.35% decline over the last three years. Furthermore, the company's long-term fundamentals are weak, with a -22.32% CAGR growth in net sales over the last five years and a poor EBIT to interest ratio of -0.31, indicating challenges in servicing its debt.<BR><BR>Despite the current rise in stock price, these underlying issues suggest that the stock's performance may not be sustainable in the long run, as it continues to face significant challenges in profitability and growth.

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Why is Art Nirman Ltd falling/rising?

26-Mar-2026

As of 25-Mar, Art Nirman Ltd's stock price is declining, currently at Rs. 33.43, with a year-to-date drop of 27.75% and a new 52-week low of Rs. 32.01. Weak fundamentals, poor performance metrics, and decreased investor participation are contributing to this bearish trend.

As of 25-Mar, Art Nirman Ltd's stock price is falling, currently at Rs. 33.43, reflecting a decrease of Rs. 2.0 or 5.64%. This decline is evident in the stock's performance over various periods, with a significant drop of 27.75% year-to-date and a 25.99% decrease over the past year. The stock has also hit a new 52-week low of Rs. 32.01 today.<BR><BR>The company's performance metrics indicate weak long-term fundamentals, highlighted by a -22.32% compound annual growth rate (CAGR) in net sales over the last five years and a poor EBIT to interest ratio of -0.31, suggesting difficulties in servicing its debt. Additionally, the return on equity (ROE) stands at a low 2.64%, indicating minimal profitability relative to shareholders' funds.<BR><BR>Art Nirman Ltd has consistently underperformed against the benchmark indices, with returns of -40.88% over the last three years compared to a +37.54% gain in the Sensex. The stock has also underperformed its sector by 8.28% today, and its trading performance is below all key moving averages, indicating a bearish trend.<BR><BR>Investor participation has decreased, with a 45% drop in delivery volume compared to the five-day average, further contributing to the stock's downward pressure. Overall, these factors collectively explain the ongoing decline in Art Nirman Ltd's stock price.

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iScoreScore
Click here to find our call on this stock
Strong Sell
Sell
Hold
Buy
Strong Buy

Dashboard

1

Weak Long Term Fundamental Strength with a -22.32% CAGR growth in Net Sales over the last 5 years

  • Company's ability to service its debt is weak with a poor EBIT to Interest (avg) ratio of -0.31
  • The company has been able to generate a Return on Equity (avg) of 2.64% signifying low profitability per unit of shareholders funds
2

Flat results in Dec 25

3

With ROCE of 5.5, it has a Very Expensive valuation with a 1.9 Enterprise value to Capital Employed

4

Below par performance in long term as well as near term

stock-summaryMojo Parameters

Mojo Parameters

Loading Valuation Snapshot...

Stock DNA

stock-summary
Industry

Realty

stock-summary
Market cap

INR 88 Cr (Micro Cap)

stock-summary
P/E

70.00

stock-summary
Industry P/E

31

stock-summary
Dividend Yield

0.00%

stock-summary
Debt Equity

0.41

stock-summary
Return on Equity

3.19%

stock-summary
Price to Book

2.35

Revenue and Profits:
Net Sales:
2 Cr
(Quarterly Results - Dec 2025)
Net Profit:
0 Cr
stock-summaryTotal Returns
Total Returns (Price + Dividend) stock-summary
Dividend Yield (0%)
TimePeriod
Price Return
Dividend Return
Total Return
3 Months
-30.86%
0%
-30.86%
6 Months
-30.35%
0%
-30.35%
1 Year
-25.99%
0%
-25.99%
2 Years
-41.5%
0%
-41.5%
3 Years
-40.88%
0%
-40.88%
4 Years
-58.16%
0%
-58.16%
5 Years
4.47%
0%
4.47%

Art Nirman Ltd for the last several years.

Risk Adjusted Returns v/s stock-summary
Returns Beta
Icon
Beta has not been calculated since enough price history is not available
stock-summaryNews & Corporate Actions

Announcements stock-summary

Art Nirman Limited - Outcome of Board Meeting

14-Nov-2019 | Source : NSE

Art Nirman Limited has informed the Exchange regarding Board meeting held on November 13, 2019 for the approval of financial results for half year ended on 30th September, 2019.

Art Nirman Limited - Shareholders meeting

26-Sep-2019 | Source : NSE

Art Nirman Limited has informed the Exchange regarding Proceedings of Annual General Meeting held on September 26, 2019

Art Nirman Limited - Trading Window

25-Sep-2019 | Source : NSE

Art Nirman Limited has informed the Exchange regarding the Trading Window closure pursuant to SEBI (Prohibition of Insider Trading) Regulations, 2015

Corporate Actions stock-summary

stock-summary
BOARD MEETING

No Upcoming Board Meetings

stock-summary
DIVIDEND

No Dividend history available

stock-summary
SPLITS

No Splits history available

stock-summary
BONUS

No Bonus history available

stock-summary
RIGHTS

No Rights history available

stock-summaryKey Factors

Quality key factors stock-summary

Factor
Value
Sales Growth (5y)
-22.32%
EBIT Growth (5y)
35.14%
EBIT to Interest (avg)
-0.31
Debt to EBITDA (avg)
2.64
Net Debt to Equity (avg)
0.41
Sales to Capital Employed (avg)
0.93
Tax Ratio
Tax Ratio is Negative%
Dividend Payout Ratio
0
Pledged Shares
0
Institutional Holding
0
ROCE (avg)
1.60%
ROE (avg)
2.64%

Valuation key factors

Factor
Value
P/E Ratio
70
Industry P/E
Price to Book Value
2.25
EV to EBIT
35.78
EV to EBITDA
30.71
EV to Capital Employed
1.89
EV to Sales
5.07
PEG Ratio
NA
Dividend Yield
NA
ROCE (Latest)
5.53%
ROE (Latest)
3.19%

Technicals key factors

Indicator
Weekly
Monthly
MACD
Bearish
Bearish
RSI
No Signal
No Signal
Bollinger Bands
Bearish
Bearish
Moving Averages
Bearish (Daily)
KST
Bearish
Bearish
Dow Theory
Mildly Bearish
Mildly Bullish
OBV
Mildly Bearish
Mildly Bearish
stock-summary Technical Indicator Scale: Bearish, Mildly Bearish, Sideways, Mildly Bullish, Bullish  Turned 
stock-summaryShareholding
Shareholding Snapshot : Dec 2025stock-summary
Shareholding Compare (%holding) stock-summary
Majority shareholders

Promoters

Pledged Promoter Holdings

None

Mutual Funds

Held by 0 Schemes

FIIs

Held by 0 FIIs

Promoter with highest holding

Ashokkumar Raghuram Thakker (66.75%)

Highest Public shareholder

Ajaykumar Jamnalal Pujara (3.43%)

Individual Investors Holdings

22.33%

stock-summaryFinancial
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          "val2": "0.02",
          "chgp": "100.00%",
          "chgp_class": "negative"
        },
        {
          "field": "Exceptional Items",
          "val1": "0.00",
          "val2": "0.00",
          "chgp": "",
          "chgp_class": "neutral"
        },
        {
          "field": "Standalone Net Profit",
          "val1": "0.07",
          "val2": "0.28",
          "chgp": "-75.00%",
          "chgp_class": "negative"
        },
        {
          "field": "Operating Profit Margin (Excl OI)",
          "val1": "5.20%",
          "val2": "7.11%",
          "chgp": "-1.91%",
          "chgp_class": "negative"
        }
      ]
    }
  },
  {
    "link": "half-yearly",
    "btn_text": "All Half Yearly Results",
    "header": "Half Yearly Results Snapshot (Standalone) - Sep'25",
    "rhs": [
      {
        "prefix": "Net Sales ",
        "suffix": " Growth in half year ended Sep 2025 is -40.90% vs -18.65% in Sep 2024",
        "dir": -1
      },
      {
        "prefix": "Standalone Net Profit ",
        "suffix": " Growth in half year ended Sep 2025 is -61.70% vs 9.30% in Sep 2024",
        "dir": -1
      }
    ],
    "table": {
      "header": [
        "Sep'25",
        "Sep'24",
        "Change(%)"
      ],
      "body": [
        {
          "field": "Net Sales",
          "val1": "8.25",
          "val2": "13.96",
          "chgp": "-40.90%",
          "chgp_class": "negative"
        },
        {
          "field": "Operating Profit (PBDIT) excl Other Income",
          "val1": "1.31",
          "val2": "1.14",
          "chgp": "14.91%",
          "chgp_class": "positive"
        },
        {
          "field": "Interest",
          "val1": "0.86",
          "val2": "0.03",
          "chgp": "2,766.67%",
          "chgp_class": "negative"
        },
        {
          "field": "Exceptional Items",
          "val1": "0.00",
          "val2": "0.00",
          "chgp": "",
          "chgp_class": "neutral"
        },
        {
          "field": "Standalone Net Profit",
          "val1": "0.36",
          "val2": "0.94",
          "chgp": "-61.70%",
          "chgp_class": "negative"
        },
        {
          "field": "Operating Profit Margin (Excl OI)",
          "val1": "15.88%",
          "val2": "8.17%",
          "chgp": "7.71%",
          "chgp_class": "positive"
        }
      ]
    }
  },
  {
    "link": "nine-monthly",
    "btn_text": "All Nine Monthly Results",
    "header": "Nine Monthly Results Snapshot (Standalone) - Dec'25",
    "rhs": [
      {
        "prefix": "Net Sales ",
        "suffix": "YoY Growth in nine months ended Dec 2025 is -41.77% vs -11.72% in Dec 2024",
        "dir": -1
      },
      {
        "prefix": "Standalone Net Profit ",
        "suffix": "YoY Growth in nine months ended Dec 2025 is -64.75% vs 29.79% in Dec 2024",
        "dir": -1
      }
    ],
    "table": {
      "header": [
        "Dec'25",
        "Dec'24",
        "Change(%)"
      ],
      "body": [
        {
          "field": "Net Sales",
          "val1": "10.75",
          "val2": "18.46",
          "chgp": "-41.77%",
          "chgp_class": "negative"
        },
        {
          "field": "Operating Profit (PBDIT) excl Other Income",
          "val1": "1.44",
          "val2": "1.46",
          "chgp": "-1.37%",
          "chgp_class": "negative"
        },
        {
          "field": "Interest",
          "val1": "0.90",
          "val2": "0.05",
          "chgp": "1,700.00%",
          "chgp_class": "negative"
        },
        {
          "field": "Exceptional Items",
          "val1": "0.00",
          "val2": "0.00",
          "chgp": "",
          "chgp_class": "neutral"
        },
        {
          "field": "Standalone Net Profit",
          "val1": "0.43",
          "val2": "1.22",
          "chgp": "-64.75%",
          "chgp_class": "negative"
        },
        {
          "field": "Operating Profit Margin (Excl OI)",
          "val1": "13.40%",
          "val2": "7.91%",
          "chgp": "5.49%",
          "chgp_class": "positive"
        }
      ]
    }
  },
  {
    "link": "annual",
    "btn_text": "All Annual Results",
    "header": "Annual Results Snapshot (Standalone) - Mar'25",
    "rhs": [
      {
        "prefix": "Net Sales ",
        "suffix": "YoY Growth in year ended Mar 2025 is -20.12% vs 73.88% in Mar 2024",
        "dir": -1
      },
      {
        "prefix": "Standalone Net Profit ",
        "suffix": "YoY Growth in year ended Mar 2025 is 68.64% vs 972.73% in Mar 2024",
        "dir": -1
      }
    ],
    "table": {
      "header": [
        "Mar'25",
        "Mar'24",
        "Change(%)"
      ],
      "body": [
        {
          "field": "Net Sales",
          "val1": "27.39",
          "val2": "34.29",
          "chgp": "-20.12%",
          "chgp_class": "negative"
        },
        {
          "field": "Operating Profit (PBDIT) excl Other Income",
          "val1": "3.28",
          "val2": "2.05",
          "chgp": "60.00%",
          "chgp_class": "positive"
        },
        {
          "field": "Interest",
          "val1": "1.13",
          "val2": "0.57",
          "chgp": "98.25%",
          "chgp_class": "negative"
        },
        {
          "field": "Exceptional Items",
          "val1": "0.00",
          "val2": "0.00",
          "chgp": "",
          "chgp_class": "neutral"
        },
        {
          "field": "Standalone Net Profit",
          "val1": "1.99",
          "val2": "1.18",
          "chgp": "68.64%",
          "chgp_class": "positive"
        },
        {
          "field": "Operating Profit Margin (Excl OI)",
          "val1": "11.98%",
          "val2": "5.98%",
          "chgp": "6.00%",
          "chgp_class": "positive"
        }
      ]
    }
  }
]

Quarterly Results Snapshot (Standalone) - Dec'25 - YoYstock-summary

Dec'25
Dec'24
Change(%)
Net Sales
2.50
4.50
-44.44%
Operating Profit (PBDIT) excl Other Income
0.13
0.32
-59.38%
Interest
0.04
0.02
100.00%
Exceptional Items
0.00
0.00
Standalone Net Profit
0.07
0.28
-75.00%
Operating Profit Margin (Excl OI)
5.20%
7.11%
-1.91%
Values in Rs Cr.
Direction Arrows
Net Sales

YoY Growth in quarter ended Dec 2025 is -44.44% vs 20.00% in Dec 2024

Direction Arrows
Standalone Net Profit

YoY Growth in quarter ended Dec 2025 is -75.00% vs 250.00% in Dec 2024

Half Yearly Results Snapshot (Standalone) - Sep'25stock-summary

Sep'25
Sep'24
Change(%)
Net Sales
8.25
13.96
-40.90%
Operating Profit (PBDIT) excl Other Income
1.31
1.14
14.91%
Interest
0.86
0.03
2,766.67%
Exceptional Items
0.00
0.00
Standalone Net Profit
0.36
0.94
-61.70%
Operating Profit Margin (Excl OI)
15.88%
8.17%
7.71%
Values in Rs Cr.
Direction Arrows
Net Sales

Growth in half year ended Sep 2025 is -40.90% vs -18.65% in Sep 2024

Direction Arrows
Standalone Net Profit

Growth in half year ended Sep 2025 is -61.70% vs 9.30% in Sep 2024

Nine Monthly Results Snapshot (Standalone) - Dec'25stock-summary

Dec'25
Dec'24
Change(%)
Net Sales
10.75
18.46
-41.77%
Operating Profit (PBDIT) excl Other Income
1.44
1.46
-1.37%
Interest
0.90
0.05
1,700.00%
Exceptional Items
0.00
0.00
Standalone Net Profit
0.43
1.22
-64.75%
Operating Profit Margin (Excl OI)
13.40%
7.91%
5.49%
Values in Rs Cr.
Direction Arrows
Net Sales

YoY Growth in nine months ended Dec 2025 is -41.77% vs -11.72% in Dec 2024

Direction Arrows
Standalone Net Profit

YoY Growth in nine months ended Dec 2025 is -64.75% vs 29.79% in Dec 2024

Annual Results Snapshot (Standalone) - Mar'25stock-summary

Mar'25
Mar'24
Change(%)
Net Sales
27.39
34.29
-20.12%
Operating Profit (PBDIT) excl Other Income
3.28
2.05
60.00%
Interest
1.13
0.57
98.25%
Exceptional Items
0.00
0.00
Standalone Net Profit
1.99
1.18
68.64%
Operating Profit Margin (Excl OI)
11.98%
5.98%
6.00%
Values in Rs Cr.
Direction Arrows
Net Sales

YoY Growth in year ended Mar 2025 is -20.12% vs 73.88% in Mar 2024

Direction Arrows
Standalone Net Profit

YoY Growth in year ended Mar 2025 is 68.64% vs 972.73% in Mar 2024

stock-summaryCompany CV
About Art Nirman Ltd stock-summary
stock-summary
Art Nirman Ltd
Micro Cap
Realty
Art Nirman Limited was originally incorporated as "Vishnudhara Builders Private Limited" on February 19, 2011 with Registrar of Companies, Gujarat, Dadra and Nagar Havelli. On July 19, 2011, the name of the Company was changed to "Vishnudhara Buildcon Private Limited". Later, on October 08, 2011, the name was changed to "Art Nirman Private Limited". Subsequently, the status of the Company got converted into a Public Company w.e.f. September 02, 2016 issued by the Central Processing Center.
Company Coordinates stock-summary
Company Details
14 JBR Arcade 2nd Floor, Nr R K Royal Hall Science City Ahmedabad Gujarat : 380060
stock-summary
Tel: 91-8866404499
stock-summary
info@artnirman.com
Registrar Details
Sharex Dynamic (India) Pvt Ltd , Unit -1, Luthra Ind. Premises , Safed Pool, Andheri-Kurla Road, Andheri (E), Mumbai