Artefact Projects Ltd - Stock Valuation and Financial Performance

BSE: 531297 | NSE: | Engineering Consultancy | Small Cap

Artefact Projects Share Price

73.81 -0.01 -0.01%
as on 26-Dec'24 15:40

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Artefact Projects stock performance -

mw4me loader
P/E Ratio (SA):
10.22
Market Cap:
53.7 Cr.
52-wk low:
58.2
52-wk high:
111

Is Artefact Projects Ltd an attractive stock to invest in?

1. Is Artefact Projects Ltd a good quality company?

Past 10 year’s financial track record analysis by Moneyworks4me indicates that Artefact Projects Ltd is a below average quality company.

2. Is Artefact Projects Ltd undervalued or overvalued?

The key valuation ratios of Artefact Projects Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.

3. Is Artefact Projects Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Artefact Projects Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of Artefact Projects:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Artefact Projects Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation

Value Creation Index Colour Code Guide

Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
ROCE % 8.7%7.1%8%3.1%8.8%14.3%13.6%12%12.4%10%-
Value Creation
Index
-0.4-0.5-0.4-0.8-0.40.00.0-0.1-0.1-0.3-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 19.9162321.622.631.932.123.618.224.223
Sales YoY Gr.--19.6%44%-6.3%4.6%41.4%0.6%-26.6%-22.9%33%-
Adj EPS 1.60.20.4-5.62.45.34.25.75.67.27.2
YoY Gr.--90.2%131.3%-1613.5%NA122.3%-20.6%35.2%-1.4%28.4%-
BVPS (₹) 63.863.864.258.6616664.668.976.581.585.9
Adj Net
Profit
0.90.10.2-3.11.33.13.14.14.15.25
Cash Flow from Ops. 4.1-6.79.3452-6.8-3.9-1.2-0.4-
Debt/CF from Ops. 3.7-2.81.84.53.54.8-2.4-4.7-10.3-23.2-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 2.2%1.4%-9%33%
Adj EPS 17.9%24.8%19.6%28.4%
BVPS2.8%6%8.1%6.5%
Share Price 3.5% 12.2% 8.5% -1.2%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
Return on
Equity %
2.60.30.6-9.148.47.18.57.79.18.6
Op. Profit
Mgn %
2120.49.8-0.617.56.714.621191213.9
Net Profit
Mgn %
4.50.60.9-14.35.89.69.517.522.421.622.4
Debt to
Equity
0.40.50.50.60.50.30.40.40.20.20
Working Cap
Days
550790602595589430472657971836479
Cash Conv.
Cycle
2352901892212191411008210030240

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 8.60%

Sales growth is good in last 4 quarters at 17.28%

Sales growth has been subdued in last 3 years -9.02%

Latest Financials - Artefact Projects Ltd.

Standalone Consolidated
TTM EPS (₹) 7.2 -7
TTM Sales (₹ Cr.) 23.5 29.8
BVPS (₹.) 85.9 0
Reserves (₹ Cr.) 55 30
P/BV 0.86 0.00
PE 10.22 0.00
From the Market
52 Week Low / High (₹) 58.20 / 111.00
All Time Low / High (₹) 0.73 / 255.25
Market Cap (₹ Cr.) 53.7
Equity (₹ Cr.) 7.3
Face Value (₹) 10
Industry PE 39.9

Management X-Ray of Artefact Projects:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Artefact Projects

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Sales19.8715.9823.0121.5622.5631.9032.0923.5718.1724.17
Operating Expenses 15.6912.8320.7621.6918.6129.7527.4018.6314.7221.28
Manufacturing Costs2.412.593.483.662.833.543.712.562.312.55
Material Costs00-0.06-0.83-1.740.950.610.410.330.27
Employee Cost 5.414.695.637.909.8611.1610.277.536.127.87
Other Costs 7.885.5511.7210.967.6614.0912.828.135.9710.59
Operating Profit 4.183.152.25-0.133.952.154.684.943.452.89
Operating Profit Margin (%) 21.0%19.7%9.8%-0.6%17.5%6.7%14.6%20.9%19.0%12.0%
Other Income 1.161.352.772.551.345.272.523.533.704.37
Interest 3.083.243.694.453.642.702.272.391.981.66
Depreciation 0.850.810.800.820.841.020.830.570.500.39
Exceptional Items 000000.751.2401.810.01
Profit Before Tax 1.410.460.52-2.850.814.465.355.516.485.21
Tax 0.500.450.320.24-0.510.861.431.371.14-0.02
Profit After Tax 0.900.010.20-3.091.323.593.924.145.345.23
PAT Margin (%) 4.5%0.1%0.9%-14.3%5.9%11.3%12.2%17.5%29.4%21.7%
Adjusted EPS (₹)1.60.00.4-5.62.46.25.45.77.47.2
Dividend Payout Ratio (%)0%0%0%0%0%0%0%0%0%0%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24

Equity and Liabilities

Shareholders Fund 35.2535.2635.4532.3633.6838.294750.1255.6659.29
Share Capital 5.535.535.535.535.535.807.287.287.287.28
Reserves 29.7229.7329.9326.8428.1532.4939.7242.8448.3852.01
Minority Interest0000000000
Debt9.0617.4815.6816.8816.409.5115.8518.0111.6310.08
Long Term Debt0.108.527.476.845.780.035.815.636.570
Short Term Debt8.958.968.2110.0410.639.4810.0412.385.0610.08
Trade Payables1.971.522.663.385.803.014.033.134.465.73
Others Liabilities 18.6013.8717.1317.2520.0216.5715.5114.8819.7323.06
Total Liabilities 64.8868.1470.9369.8875.9067.3882.4086.1391.4898.17

Fixed Assets

Gross Block30.4830.3330.2430.6330.8227.3227.2327.2222.7122.61
Accumulated Depreciation6.717.468.168.979.8210.2810.9511.5110.9011.09
Net Fixed Assets23.7722.8722.0821.662117.0416.2815.7111.8211.52
CWIP 0000000000.35
Investments 10.404.9011.1013.0913.0912.9013.1613.1913.0613.06
Inventories000.060.832.571.621.010.600.270
Trade Receivables16.7615.4317.9818.4822.6214.6614.9213.5914.7415.78
Cash Equivalents 0.821.021.151.482.601.475.994.615.184
Others Assets13.1223.9118.5614.3414.0119.7031.0438.4346.4153.44
Total Assets 64.8868.1470.9369.8875.9067.3882.4086.1391.4898.17

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Cash Flow From Operating Activity 4.05-6.739.324.025.031.99-6.78-3.92-1.24-0.44
PBT 1.410.460.51-2.860.814.465.355.516.485.21
Adjustment 3.382.692.613.053.291.53-0.34-1.73-2.92-3.89
Changes in Working Capital -2.97-7.586.323.850.94-5.58-15.84-8.5-4.81-1.75
Tax Paid 2.24-2.30-0.13-0.0101.574.050.8000
Cash Flow From Investing Activity 0.836.26-4.32-1.41-1.566.80-0.914.148.953.83
Capex -0.16-0.02-0.21-0.40-0.184.101.30-0.015.21-0.44
Net Investments 05.50-6-3.25-2.571.15-4.661.24-0.251.18
Others 0.990.781.882.231.191.552.442.913.993.09
Cash Flow From Financing Activity -6.240.56-4.86-3.53-4.91-8.777.83-0.32-7.52-3.39
Net Proceeds from Shares 0000003.54000
Net Proceeds from Borrowing -2.833.34-1.05-0.63-1.06-6.750000
Interest Paid -2.97-2.67-3.69-4.45-3.64-2.67-2.26-2.38-1.98-1.66
Dividend Paid 0000000000
Others -0.45-0.11-0.121.56-0.210.656.542.06-5.54-1.72
Net Cash Flow -1.360.090.14-0.92-1.430.020.13-0.110.190
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Ratios
ROE (%)2.60.030.58-9.124.019.989.28.5210.19.11
ROCE (%)8.697.097.953.138.7714.313.5711.9912.369.98
Asset Turnover Ratio0.30.240.330.310.310.450.430.330.240.3
PAT to CFO Conversion(x)4.5-67346.6N/A3.810.55-1.73-0.95-0.23-0.08
Working Capital Days
Receivable Days322368265309333213168188241195
Inventory Days00172724151170
Payable Days000-1,336-9611,6862,1173,1854,2566,821

Artefact Projects Ltd Stock News

Artefact Projects Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Artefact Projects on 26-Dec-2024 15:40 is ₹73.81.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 26-Dec-2024 15:40 the market cap of Artefact Projects stood at ₹53.70.
The latest P/E ratio of Artefact Projects as of 26-Dec-2024 15:40 is 10.22.
The latest P/B ratio of Artefact Projects as of 26-Dec-2024 15:40 is 0.86.
The 52-week high of Artefact Projects is ₹111.0 and the 52-week low is ₹58.20.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Artefact Projects is ₹23.47 ( Cr.) .

About Artefact Projects Ltd

Artefact Projects, inspired by ‘Vishwakarma’, the engineering deity revered in India, undertook the challenge to establish itself in the field of consultancy for infrastructure and specialized project services till then, considered an exclusive domain of firms from developed countries.

Artefact provides project management services for highways, airports & urban development projects. The company has a global presence and reach of services. It has enviable foreign affiliations. It has formed a foreign company, Artefact Projects, Sdn. Bhd, Kuala Lumpur, Malaysia. Artefact is an ISO 9001:2000 company certified by TUV Germany. More than 400 technical experts and professionals form the backbone of the organization. The company operates more than 25 site and project offices in India to service its clients.

Milestones:

• Incorporated in 1987. Forayed into infrastructure consultancy services in 1998 as engineers, planners and project management consultants.

• Sectoral focus on services for highways, airports, urban development (including SEZs, realty and townships).

• Provides entire bandwidth of services from concept to commissioning

• Service boutique of engineering, architecture and project management

• Manned by multidisciplinary professionals and enviable talent pool

• Established client base with repeat business

• Public limited company, listed on BSE (Bombay Stock Exchange)

• Market capitalization as on July 5 stood at Rs 360 million.

• National and international operations

• Robust growth of more than 30% CAGR since the past five years

• Contracts of fees amounting to more than Rs 1.45 billion under execution. Cost of projects handled exceed Rs 56 billion.

• Highway assignments completed, 20 Nos, involving 2642 km. roads at a cost of Rs 12.93 billion

• Highway assignments ongoing involve 3737 km, length at cost of Rs. 43.60 billion

• Catering to client segments in private sector, overseas projects

Business areas of the company:

The company’s multidimensional portfolio of services in the field of engineering, architecture and project management provides one-stop solutions for specialized services making extensive use of the latest technology, development concepts, financing options, and operational strategies.

Collaborations:

• Zaidun-Leeng Sdn. Bhd., Malaysia   Artefact has completed and undertaken a number of ongoing project assignments for rendering project services in India in a JV with Zaidun Leeng Sdn. Bhd on a continuous ongoing collaboration since the year 2000. Zaidun-Leeng Sdn. Bhd. is a reputed civil, structural, mechanical and electrical engineering company since 1975 in Malaysia. Zaidun-Leeng is an ISO certified company.

• Sheladia Associates Inc, USA 

Sheladia Associates Inc, USA is a consulting engineering firm established in 1974 in the USA. Both the firms are jointly rendering consultancy services to the operation & maintenance contract of Gurgaon-Kotputli Amer section of NH-8 for NHAI and independent consultant services for Vadape-Gonde section of NH-3 on BOT basis ( km) in Maharashtra, India.

• Meinhardt Singapore  Artefact has collaboration and joint venture with Meinhardt for ADB-funded state and rural projects in the state of Madhya Pradesh and Chhattisgarh in India. Meinhardt Singapore Pte Ltd forms a part of the Meinhardt International Group, and was established in 1974. The firm provides integrated engineering, planning and management services.

• Atkins plc, UK  Artefact & Atkins jointly have taken up projects in urban infrastructure, township planning and airports. Atkins, a more than 80 years old reputed multi-disciplinary consulting company in UK, is one of the leading integrated planning, management and engineering consultancies in Europe. It has worldwide operations.

• AJM - Planning & Urban Design Group Sdn. Bhd. Malaysia AJM - Planning & Urban Design Group Sdn. Bhd. Malaysia is a renowned leading firm of town planners, urban designers and environmental planners in Malaysia.

• Arkitek MAA Sdn Bhd Arkitek MAA Sdn Bhd (MAA) is one of the large and prominent architectural and planning consultancy firms in Malaysia. Established in 1965, MAA has an award winning track record for design of projects they render sectoral services in Architecture, Planning, and Interior Design.

Project Based Ventures: â€¢ ICRA Ltd, Mumbai • National Environmental Engineering Research Institute, Nagpur (NEERI) • SICOM Ltd, Mumbai • Multimedia Consulting Engineers, Ahmedabad  

Clients:

• Airport Authority of India (AAI) • National Highways Authority of India (NHAI) • Ministry of Statistics and Programme Implementation (Infrastructure and Project Monitoring Division), Govt. of India • Municipal Corporation of Greater Mumbai / Brihanmumbai Mahanagar Palike (MCGM) • Capital Area Development Authority (CADA), Chattisgarh•  Mumbai Metropolitan Road Development Corporation (MMRDA) • Madhya Pradesh Road Development Corporation (MPRDC) • Madhya Pradesh Rural Roads Development Authority (MPRRDA) • Chhattisgarh Rural Road Development Authority (CGRRDA) • Directorate, Urban Administration and Development, Govt.of Chhattisgarh • Nagpur Municipal Corporation (NMC) • Public Works Department, Chhattisgarh (PWD-CG) • IJM Infrastructure Ltd (a subsidiary of IJM Sdn. Bhd., Malaysia) • ICICI Ventures Ltd.• Chhattisgarh Highway Development Co.Ltd.

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