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Last Updated: April 1, 2026, 3:07 am
Author: Getaka|Social: XLinkedIn

ARSS Infrastructure Projects Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹945.54Undervalued by 1,641.33%vs CMP ₹54.30

P/E (15.0) × ROE (15.0%) × BV (₹515.00) × DY (2.00%)

Defaults: P/E=15, ROE=15%

₹3,299.63Undervalued by 5,976.67%vs CMP ₹54.30
MoS: +98.4% (Strong)Confidence: 44/100 (Low)Models: 3 Under, 1 Over
ModelCategoryValueWeightSignal
PE-ROEEarnings₹1,721.2433%Under (+3069.9%)
Net Asset ValueAssets₹516.9526%Under (+852%)
ROCE CapitalReturns₹11,943.3122%Under (+21895%)
Revenue MultipleRevenue₹36.4220%Over (-32.9%)
Consensus (4 models)₹3,299.63100%Undervalued
Key Drivers: EPS CAGR 82.0% lifts DCF — verify sustainability. | Wide model spread (₹36–₹11,943) — high uncertainty.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: 82.0% · Defaults: P/E=15, ROE=15%

*Investments are subject to market risks

Investment Snapshot

46
ARSS Infrastructure Projects Ltd scores 46/100 (Average)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health38/100 · Weak
ROCE 0.6% WeakROE 0.0% WeakD/E -72.77 Low debtInterest Coverage 0.0x RiskyProfitable 1/5 years Inconsistent
Smart Money60/100 · Moderate
Promoter increased by 38.19% Positive
Earnings Quality75/100 · Strong
OPM expanding (-22% → -11%) ImprovingWorking capital: -3,282 days (improving) Efficient
Quarterly Momentum25/100 · Weak
Revenue (4Q): -75% YoY DecliningOPM: -40.0% (down 34.0% YoY) Margin pressure
Industry Rank30/100 · Weak
ROCE 0.6% vs industry 16.4% Below peers3Y sales CAGR: -17% Shrinking

Weights: Health 30% · Earnings Quality 25% · Momentum 20% · Industry Rank 15% · Smart Money 10%. Scores are computed from reported financials and recalculated daily. Not investment advice.

Share Price and Basic Stock Data

Last Updated: April 1, 2026, 3:07 am

Market Cap 123 Cr.
Current Price 54.3
Intrinsic Value₹3,299.63
High / Low 60.4/34.1
Stock P/E
Book Value 515
Dividend Yield0.00 %
ROCE0.63 %
ROE%
Face Value 10.0
PEG Ratio0.00

Stock P/E, Current Price, and Intrinsic Value Over Time

View Share Price Target for ARSS Infrastructure Projects Ltd

Competitors

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
ARSS Infrastructure Projects Ltd 123 Cr. 54.3 60.4/34.1 5150.00 %0.63 %% 10.0
Modulex Construction Technologies Ltd 130 Cr. 18.3 30.4/17.0 44.70.00 %2.51 %1.54 % 10.0
HB Estate Developers Ltd 142 Cr. 61.7 111/56.811.1 78.30.00 %8.20 %6.60 % 10.0
Vipul Ltd 146 Cr. 10.4 13.8/7.38 29.30.00 %0.44 %7.41 % 1.00
AMJ Land Holdings Ltd 146 Cr. 35.6 68.9/30.37.29 62.00.56 %13.5 %8.66 % 2.00
Industry Average3,374.20 Cr159.1236.56125.440.20%16.37%21.40%21.58

All Competitor Stocks of ARSS Infrastructure Projects Ltd

Quarterly Result

MetricSep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025
Sales 66107157736875105873420251911
Expenses 7010915990681041078636203613416
Operating Profit -4-2-1-170-28-21-2-1-11-115-5
OPM % -5%-2%-1%-23%1%-38%-2%1%-6%-4%-43%-617%-40%
Other Income 835127313111-3,223
Interest 0000000000000
Depreciation 0000000000000
Profit before tax 413-163-211100-10-115-3,227
Tax % 13%97%18%3%19%2%43%40%-26%391%4%0%0%
Net Profit 302-162-22111-0-10-116-3,228
EPS in Rs 1.510.011.05-7.120.92-9.620.280.250.24-0.14-4.52-50.80-1,419.52

Last Updated: January 2, 2026, 11:00 am

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: February 23, 2026, 10:14 am

MetricMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales 88363961383758445928924828940332116594
Expenses 6824384271,071522449318318411411367178227
Operating Profit 200201186-2346210-29-69-122-8-46-13-133
OPM % 23%31%30%-28%11%2%-10%-28%-42%-2%-14%-8%-142%
Other Income -182112-762565321618146-3,217
Interest 1631671658141295221110
Depreciation 353736332422211111111
Profit before tax 156-336-79-1710-51-1088-33-8-3,351
Tax % -16%-13%19%-1%-30%-33%19%4%2%29%6%14%
Net Profit 265-332-55-118-53-1115-35-9-3,354
EPS in Rs 1.134.193.38-223.41-24.09-4.933.51-23.16-48.722.38-15.55-4.17-1,474.87
Dividend Payout % 0%0%0%0%0%0%0%0%0%0%0%0%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-20242024-2025
YoY Net Profit Growth (%)200.00%-16.67%-6740.00%83.43%80.00%172.73%-762.50%-109.43%104.50%-800.00%74.29%
Change in YoY Net Profit Growth (%)0.00%-216.67%-6723.33%6823.43%-3.43%92.73%-935.23%653.07%213.94%-904.50%874.29%

ARSS Infrastructure Projects Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2014-2015 to 2024-2025.

Growth

Compounded Sales Growth
10 Years:-13%
5 Years:-11%
3 Years:-17%
TTM:-71%
Compounded Profit Growth
10 Years:%
5 Years:10%
3 Years:24%
TTM:-576%
Stock Price CAGR
10 Years:8%
5 Years:29%
3 Years:36%
1 Year:181%
Return on Equity
10 Years:%
5 Years:%
3 Years:%
Last Year:%

Last Updated: September 4, 2025, 11:35 pm

Balance Sheet

Last Updated: April 8, 2026, 2:00 am

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital 15151515232323232323232315
Reserves 3413473522219816-36-147-142-177-1871,156
Borrowings 1,6031,7121,8791,7031,6811,6901,6451,6281,6271,6251,6311,631233
Other Liabilities 296221158105851148679939313211742
Total Liabilities 2,2552,2952,4041,8451,8091,8351,7711,6941,5961,6001,6091,5841,446
Fixed Assets 336277266207876341323537363635
CWIP 0000000000000
Investments 44463942424556333232323232
Other Assets 1,8741,9722,0991,5971,6801,7261,6731,6291,5281,5311,5401,5171,379
Total Assets 2,2552,2952,4041,8451,8091,8351,7711,6941,5961,6001,6091,5841,446

Reserves and Borrowings Chart

Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity + 128133188-15021692-37-8-2828-31
Cash from Investing Activity + 1729-1826157-1219-4-3-1-2
Cash from Financing Activity + -163-167-16512212-686-8-2000-0
Net Cash Flow -18-55-24913-588-6426-33
Free Cash Flow 146164162-12724692-37-12-6527-32
CFO/OP 64%66%102%67%22%7,131%136%12%2%-95%-59%240%

Free Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow199.00200.00185.00-235.0061.009.00-30.00-70.00-123.00-9.00-47.00-14.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days 98138161363259183313111020
Inventory Days 8131,6481,5653416117350160942053851,120
Days Payable 155247154281301392137274164417645
Cash Conversion Cycle 7561,5391,572416393305213351-21495
Working Capital Days 93-19-103-207-540-1,210-1,830-2,156-1,882-1,335-1,723-3,282
ROCE %9%9%8%-13%3%1%-2%-4%-7%1%-2%-1%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Promoters 46.70%46.70%47.19%46.70%46.70%46.70%46.70%46.70%46.70%46.70%46.70%84.89%
DIIs 0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.04%0.04%0.04%0.04%0.01%
Public 53.30%53.30%52.81%53.29%53.30%53.31%53.30%53.25%53.26%53.25%53.25%15.10%
No. of Shareholders 15,89815,79115,67415,56415,42015,53315,43615,37614,77614,40213,77713,768

Shareholding Pattern Chart

No. of Shareholders

ARSS Infrastructure Projects Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

This stock is not held by any mutual fund.

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 25Mar 24Mar 23Mar 22Mar 21
FaceValue 10.0010.0010.0010.0010.00
Basic EPS (Rs.) -3.42-15.322.60-48.56-22.85
Diluted EPS (Rs.) -3.42-15.322.60-48.56-22.85
Cash EPS (Rs.) -3.75-15.132.74-48.41-18.40
Book Value[Excl.RevalReserv]/Share (Rs.) -74.55-71.13-55.79-58.39-9.84
Book Value[Incl.RevalReserv]/Share (Rs.) -74.55-71.13-55.79-58.39-9.84
Revenue From Operations / Share (Rs.) 72.74141.12177.03127.02109.27
PBDIT / Share (Rs.) -3.06-14.313.92-46.70-16.50
PBIT / Share (Rs.) -3.48-14.733.55-47.02-21.25
PBT / Share (Rs.) -3.68-14.733.32-47.65-22.25
Net Profit / Share (Rs.) -4.18-15.552.37-48.73-23.16
NP After MI And SOA / Share (Rs.) -3.42-15.322.60-48.56-22.85
PBDIT Margin (%) -4.20-10.132.21-36.76-15.09
PBIT Margin (%) -4.79-10.432.00-37.02-19.45
PBT Margin (%) -5.06-10.431.87-37.51-20.36
Net Profit Margin (%) -5.75-11.011.33-38.36-21.19
NP After MI And SOA Margin (%) -4.69-10.851.46-38.22-20.91
Return on Networth / Equity (%) 0.000.00-4.660.000.00
Return on Capital Employeed (%) 4.7120.89-6.4381.43231.23
Return On Assets (%) -0.49-2.170.37-6.95-3.07
Total Debt / Equity (X) -9.61-10.07-12.79-12.26-72.77
Asset Turnover Ratio (%) 0.100.200.250.170.14
Current Ratio (X) 0.140.150.140.130.13
Quick Ratio (X) 0.100.120.120.110.12
Inventory Turnover Ratio (X) 2.727.221.804.601.50
Interest Coverage Ratio (X) -15.36-14146.2617.19-74.31-16.48
Interest Coverage Ratio (Post Tax) (X) -20.04-15367.3011.40-76.55-22.14
Enterprise Value (Cr.) 1670.701598.091629.371630.771628.83
EV / Net Operating Revenue (X) 10.104.984.055.656.56
EV / EBITDA (X) -240.48-49.12182.75-15.36-43.42
MarketCap / Net Operating Revenue (X) 0.470.120.140.180.17
Price / BV (X) -0.46-0.25-0.46-0.41-1.93
Price / Net Operating Revenue (X) 0.470.120.140.180.17
EarningsYield -0.09-0.850.09-2.01-1.20

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

About the Company - Qualitative Analysis

ARSS Infrastructure Projects Ltd. is a Public Limited Listed company incorporated on 17/05/2000 and has its registered office in the State of Orissa, India. Company's Corporate Identification Number(CIN) is L14103OR2000PLC006230 and registration number is 006230. Currently company belongs to the Industry of Construction, Contracting & Engineering. Company's Total Operating Revenue is Rs. 165.39 Cr. and Equity Capital is Rs. 22.74 Cr. for the Year ended 31/03/2025.
INDUSTRYADDRESSCONTACT
Construction, Contracting & EngineeringPlot No-38, Sector-A, Zone-D, Bhubaneshwar Orissa 751010Contact not found
Management
NamePosition Held
Mr. Subash AgarwalChairman & Executive Director
Mr. Rajesh AgarwalManaging Director

FAQ

What is the intrinsic value of ARSS Infrastructure Projects Ltd and is it undervalued?

As of 13 April 2026, ARSS Infrastructure Projects Ltd's intrinsic value is ₹3299.63, which is 5976.67% higher than the current market price of ₹54.30, suggesting the stock is undervalued. This is calculated using the PE ratio method factoring in ROE (%), book value (₹515), dividend yield (0.00 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of ARSS Infrastructure Projects Ltd?

ARSS Infrastructure Projects Ltd is trading at ₹54.30 as of 13 April 2026, with a FY2026-2027 high of ₹60.4 and low of ₹34.1. The stock is currently near its 52-week high. Market cap stands at ₹123 Cr..

How does ARSS Infrastructure Projects Ltd's P/E ratio compare to its industry?

ARSS Infrastructure Projects Ltd has a P/E ratio of , which is below the industry average of 36.56. This is broadly in line with or below the industry average.

Is ARSS Infrastructure Projects Ltd financially healthy?

Key indicators for ARSS Infrastructure Projects Ltd: ROCE of 0.63 % is on the lower side compared to the industry average of 16.37%; ROE of % is below ideal levels (industry average: 21.40%). Dividend yield is 0.00 %.

Is ARSS Infrastructure Projects Ltd profitable and how is the profit trend?

ARSS Infrastructure Projects Ltd reported a net profit of ₹-9 Cr in Mar 2025 on revenue of ₹165 Cr. Compared to ₹-111 Cr in Mar 2022, the net profit shows a mixed trend.

Does ARSS Infrastructure Projects Ltd pay dividends?

ARSS Infrastructure Projects Ltd has a dividend yield of 0.00 % at the current price of ₹54.30. The company is currently not paying meaningful dividends.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in ARSS Infrastructure Projects Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE
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