Art Nirman Ltd (IN:ARTNIRMAN)
:ARTNIRMAN
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Art Nirman Ltd
(ARTNIRMAN)
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Rating:47Neutral
Price Target:
₹31.00
▼(-39.25% Downside)
Action:ReiteratedDate:03/10/26
The score is held down primarily by weak technicals (price below all key moving averages with negative MACD) and an extremely high P/E. Financial performance is mixed, with moderate leverage but unstable revenue/profitability and notably weak, inconsistent cash flow.
Positive Factors
Balance Sheet Stability
A moderate debt-to-equity and stable equity ratio indicate the company finances a fair share of assets with equity, giving it structural balance-sheet resilience. This reduces near-term refinancing pressure and preserves flexibility to fund projects or absorb revenue volatility over months.
Negative Factors
Revenue Decline & Volatility
A steep, ongoing revenue decline and volatile top-line make it difficult to plan projects, secure long-duration contracts, and sustain fixed-cost absorption. Persistent top-line weakness undermines scale economics, increases project financing risk and strains multi-quarter profit recovery efforts.
Read all positive and negative factors
Positive Factors
Negative Factors
Balance Sheet Stability
A moderate debt-to-equity and stable equity ratio indicate the company finances a fair share of assets with equity, giving it structural balance-sheet resilience. This reduces near-term refinancing pressure and preserves flexibility to fund projects or absorb revenue volatility over months.
Read all positive factors
Art Nirman Ltd (ARTNIRMAN) vs. iShares MSCI India ETF (INDA)
Market Cap
₹866.72M
Dividend YieldN/A
Average Volume (3M)2.88K
Price to Earnings (P/E)419.6
Beta (1Y)1.23
Revenue Growth-30.27%
EPS Growth14.38%
CountryIN
Employees13
SectorReal Estate
Sector Strength53
IndustryReal Estate - Development
Share Statistics
EPS (TTM)0.03
Shares Outstanding24,956,000
10 Day Avg. Volume3,192
30 Day Avg. Volume2,878
Financial Highlights & Ratios
PEG Ratio0.84
Price to Book (P/B)3.05
Price to Sales (P/S)4.15
P/FCF Ratio-7.35
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Art Nirman Ltd Business Overview & Revenue Model
Company Description
Art Nirman Limited engages in the real estate development and allied activities in India. The company is involved in the construction of residential and commercial buildings, including houses, bungalows, rowhouses, farmhouses, resorts, schools, fa...
How the Company Makes Money
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Art Nirman Ltd Financial Statement Overview
Summary
Income Statement
56
Neutral
Balance Sheet
65
Positive
Cash Flow
48
Neutral
| Breakdown | TTM | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 233.85M | 273.85M | 342.90M | 197.17M | 366.51M | 848.93M |
| Gross Profit | 230.84M | 280.35M | 145.32M | 106.87M | 2.77M | 130.47M |
| EBITDA | 29.83M | 36.75M | 21.51M | 9.97M | -98.43M | 26.33M |
| Net Income | 15.13M | 19.92M | 11.79M | 1.12M | -109.97M | 204.00K |
Balance Sheet | ||||||
| Total Assets | 0.00 | 688.17M | 531.76M | 518.87M | 449.78M | 632.15M |
| Cash, Cash Equivalents and Short-Term Investments | 37.57M | 37.57M | 43.51M | 1.96M | 51.52M | 10.91M |
| Total Debt | 0.00 | 180.56M | 29.22M | 25.26M | 2.27M | 49.50M |
| Total Liabilities | -372.86M | 315.31M | 178.82M | 177.72M | 109.75M | 182.15M |
| Stockholders Equity | 372.86M | 372.86M | 352.94M | 341.15M | 340.03M | 450.00M |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | -154.84M | 15.71M | -73.10M | 92.86M | 197.76M |
| Operating Cash Flow | 0.00 | -154.52M | 15.85M | -72.98M | 93.01M | 198.09M |
| Investing Cash Flow | 0.00 | -4.19M | -11.30M | 2.50M | -646.00K | 1.86M |
| Financing Cash Flow | 0.00 | 134.52M | -1.75M | 20.92M | -51.75M | -205.50M |
Art Nirman Ltd Technical Analysis
Negative
51.03
Price Trends
39.71
Negative
44.37
Negative
49.25
Negative
Market Momentum
-2.20
Positive
45.04
Neutral
33.04
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:ARTNIRMAN, the sentiment is Negative. The current price of 51.03 is above the 20-day moving average (MA) of 35.57, above the 50-day MA of 39.71, and above the 200-day MA of 49.25, indicating a bearish trend. The MACD of -2.20 indicates Positive momentum. The RSI at 45.04 is Neutral, neither overbought nor oversold. The STOCH value of 33.04 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:ARTNIRMAN.
Art Nirman Ltd Peers Comparison
UnderperformOutperform
Sector (65)
IN:ARTNIRMAN
Art Nirman Ltd
34.73
-9.19
-20.92%
IN:KAUSHALYA
Kaushalya Infrastructure Development Corporation Ltd
800.00
-10.10
-1.25%
IN:LANCORHOL
Lancor Holdings Limited
20.45
-0.87
-4.08%
IN:MANJEERA
Manjeera Constructions Ltd
36.00
-2.86
-7.36%
IN:PODDARHOUS
Poddar Housing & Development Ltd.
49.21
9.30
23.30%
IN:SETUINFRA
Setubandhan Infrastructure Ltd
0.40
-0.12
-23.08%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.