Artefact Projects Ltd: Intrinsic Value & Share Price Analysis

Q: What is the current share price and 52-week range of Artefact Projects Ltd?

Artefact Projects Ltd is trading at 65.00 as of 26 April 2026, with a FY2026-2027 high of 82.0 and low of 52.0. The stock is currently in the middle of its 52-week range. Market cap stands at 47.3 Cr..

Q: Is Artefact Projects Ltd financially healthy?

Key indicators: ROCE of 13.4 % is moderate. Dividend yield is 0.77 %.

Q: Is Artefact Projects Ltd profitable and how is the profit trend?

Artefact Projects Ltd reported a net profit of 7 Cr in Mar 2025 on revenue of 30 Cr. Compared to 4 Cr in Mar 2022, the net profit shows an improving trend.

Fair Value

₹58.16Overvalued by 10.52%vs CMP ₹65.00

P/E (6.6) × ROE (11.7%) × BV (₹94.00) × DY (0.77%)

₹94.60Undervalued by 45.54%vs CMP ₹65.00

MoS: +31.3% (Strong)Confidence: 48/100 (Moderate)Models: 5 Under, 2 Fair, 2 Over

Model	Category	Value	Weight	Signal
PE-ROE	Earnings	₹65.25	22%	Fair (+0.4%)
Graham Number	Earnings	₹146.23	16%	Under (+125%)
Earnings Power	Earnings	₹46.32	13%	Over (-28.7%)
DCF	Cash Flow	₹164.53	13%	Under (+153.1%)
Net Asset Value	Assets	₹93.95	7%	Under (+44.5%)
EV/EBITDA	Enterprise	₹58.68	9%	Fair (-9.7%)
Earnings Yield	Earnings	₹101.10	7%	Under (+55.5%)
ROCE Capital	Returns	₹108.53	7%	Under (+67%)
Revenue Multiple	Revenue	₹41.28	5%	Over (-36.5%)
Consensus (9 models)		₹94.60	100%	Undervalued

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: 12.2%

*Investments are subject to market risks

Analyst Summary

Artefact Projects Ltd operates in the Infrastructure - General segment, NSE: ARTEFACT | BSE: 531297, current market price is ₹65.00, market cap is 47.3 Cr.. At a glance, stock P/E is 6.56, ROE is 11.7 %, ROCE is 13.4 %, book value is 94.0, dividend yield is 0.77 %. The latest intrinsic value estimate is ₹94.60, which is about 45.5% above the current price, so the page currently reads as potentially undervalued rather than fully priced. On operating trend, latest reported sales are about ₹30 Cr versus the prior period change of 24.3%, while latest net profit is about ₹7 Cr with a prior-period change of 42.1%. The 52-week range shown on this page is 82.0/52.0, which helps frame where the current quote sits within its recent trading band. Business context: About the Company - Qualitative AnalysisArtefact Projects Ltd. is a Public Limited Listed company incorporated on 06/10/1987 and has its registered office in the State of Maharashtra, India. Company's Corporate Identification Number(CIN) is…

This summary is generated from the stock page data available for Artefact Projects Ltd: Intrinsic Value & Share Price Analysis and is refreshed automatically when the underlying metrics change.

Investment Snapshot

Artefact Projects Ltd scores 67/100 (Average)

Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison

Stock Health71/100 · Strong

ROCE 13.4% GoodROE 11.7% AverageD/E 0.65 ModerateInterest Coverage 0.0x RiskyProfitable 5/5 years Consistent

Smart Money50/100 · Moderate

FII holding stable No changePromoter holding at 39.1% Stable

Earnings Quality50/100 · Moderate

OPM contracting (20% → 17%) DecliningWorking capital: -112 days (improving) Efficient

Quarterly Momentum80/100 · Strong

Revenue (4Q): +26% YoY AcceleratingProfit (4Q): +57% YoY StrongOPM: 23.4% (down 3.4% YoY) Margin pressure

Industry Rank80/100 · Strong

P/E 6.6 vs industry 95.3 Cheaper than peersROCE 13.4% vs industry 9.8% Above peers3Y sales CAGR: 8% Moderate

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 26, 2026, 12:58 am

Market Cap	47.3 Cr.
Current Price	65.0
Intrinsic Value	₹93.15
High / Low	82.0/52.0
Stock P/E	6.56
Book Value	94.0
Dividend Yield	0.77 %
ROCE	13.4 %
ROE	11.7 %
Face Value	10.0
PEG Ratio	0.54

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

Stock P/E Current Price Intrinsic Value

View Share Price Target for Artefact Projects Ltd

Competitors

Stock Name ⇩	Market Cap ⇩	Current Price ⇩	High / Low ⇩	Stock P/E ⇩	Book Value ⇩	Dividend Yield ⇩	ROCE ⇩	ROE ⇩	Face Value ⇩
Artefact Projects Ltd	47.3 Cr.	65.0	82.0/52.0	6.56	94.0	0.77 %	13.4 %	11.7 %	10.0
Brahmaputra Infrastructure Ltd	442 Cr.	152	179/43.0	6.60	109	0.00 %	10.8 %	11.0 %	10.0
J Kumar Infraprojects Ltd	3,899 Cr.	515	766/425	9.71	419	0.78 %	20.0 %	13.8 %	5.00
Sadbhav Infrastructure Projects Ltd	100 Cr.	2.84	5.70/2.05	3.24	14.8	0.00 %	14.0 %	%	10.0
Dilip Buildcon Ltd	7,392 Cr.	455	588/382	11.3	355	0.22 %	14.8 %	9.97 %	10.0
Industry Average	1,509.64 Cr	124.90		95.29	90.10	0.20%	9.84%	14.41%	8.15

All Competitor Stocks of Artefact Projects Ltd

Quarterly Result

Metric	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025
Sales	4.17	5.23	4.23	6.44	6.38	7.12	3.12	6.85	7.33	12.74	2.21	8.97	6.74
Expenses	3.21	4.56	3.57	5.14	5.17	7.39	2.25	5.38	5.36	10.44	1.64	7.24	5.16
Operating Profit	0.96	0.67	0.66	1.30	1.21	-0.27	0.87	1.47	1.97	2.30	0.57	1.73	1.58
OPM %	23.02%	12.81%	15.60%	20.19%	18.97%	-3.79%	27.88%	21.46%	26.88%	18.05%	25.79%	19.29%	23.44%
Other Income	0.95	2.75	1.00	1.08	1.09	1.20	1.21	1.25	0.26	1.30	1.31	1.04	1.13
Interest	0.46	0.40	0.24	0.57	0.38	0.48	0.41	0.42	0.42	0.42	0.42	0.42	0.37
Depreciation	0.13	0.10	0.10	0.10	0.10	0.09	0.09	0.10	0.11	0.11	0.11	0.11	0.12
Profit before tax	1.32	2.92	1.32	1.71	1.82	0.36	1.58	2.20	1.70	3.07	1.35	2.24	2.22
Tax %	13.64%	19.52%	3.03%	-11.70%	0.00%	38.89%	8.86%	19.09%	27.06%	2.93%	24.44%	25.45%	24.32%
Net Profit	1.14	2.36	1.27	1.91	1.82	0.22	1.44	1.78	1.24	2.98	1.02	1.67	1.68
EPS in Rs	1.57	3.24	1.75	2.63	2.50	0.30	1.98	2.45	1.70	4.10	1.40	2.30	2.31

Last Updated: March 3, 2026, 12:17 pm

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: February 26, 2026, 9:46 pm

Metric	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	TTM
Sales	20.34	19.87	15.99	23.01	21.56	22.56	31.90	32.09	23.57	18.17	24.17	30.04	30.66
Expenses	15.56	15.69	12.72	20.31	21.69	18.60	26.10	27.40	18.63	14.72	21.29	23.43	24.48
Operating Profit	4.78	4.18	3.27	2.70	-0.13	3.96	5.80	4.69	4.94	3.45	2.88	6.61	6.18
OPM %	23.50%	21.04%	20.45%	11.73%	-0.60%	17.55%	18.18%	14.62%	20.96%	18.99%	11.92%	22.00%	20.16%
Other Income	0.19	1.16	1.24	2.32	2.54	1.33	2.37	3.76	3.53	5.51	4.38	4.02	4.78
Interest	3.37	3.08	3.24	3.69	4.45	3.64	2.70	2.27	2.39	1.98	1.66	1.67	1.63
Depreciation	0.87	0.85	0.81	0.80	0.82	0.84	1.02	0.83	0.57	0.50	0.39	0.42	0.45
Profit before tax	0.73	1.41	0.46	0.53	-2.86	0.81	4.45	5.35	5.51	6.48	5.21	8.54	8.88
Tax %	87.67%	35.46%	97.83%	60.38%	8.39%	-62.96%	19.55%	26.54%	25.05%	17.59%	-0.38%	12.88%
Net Profit	0.10	0.90	0.01	0.20	-3.10	1.32	3.59	3.92	4.14	5.34	5.23	7.43	7.35
EPS in Rs	0.18	1.63	0.02	0.36	-5.61	2.39	6.19	5.39	5.69	7.34	7.19	10.21	10.11
Dividend Payout %	414.75%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	4.90%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year	2014-2015	2015-2016	2016-2017	2017-2018	2018-2019	2019-2020	2020-2021	2021-2022	2022-2023	2023-2024	2024-2025
YoY Net Profit Growth (%)	800.00%	-98.89%	1900.00%	-1650.00%	142.58%	171.97%	9.19%	5.61%	28.99%	-2.06%	42.07%
Change in YoY Net Profit Growth (%)	0.00%	-898.89%	1998.89%	-3550.00%	1792.58%	29.39%	-162.78%	-3.58%	23.37%	-31.05%	44.12%

Artefact 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:	4%
5 Years:	-1%
3 Years:	8%
TTM:	26%

Compounded Profit Growth
10 Years:	23%
5 Years:	20%
3 Years:	21%
TTM:	28%

Stock Price CAGR
10 Years:	9%
5 Years:	21%
3 Years:	2%
1 Year:	-15%

Return on Equity
10 Years:	6%
5 Years:	9%
3 Years:	9%
Last Year:	12%

Last Updated: September 5, 2025, 2:21 pm

Balance Sheet

Last Updated: February 1, 2026, 2:21 am

Month	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Sep 2025
Equity Capital	5.53	5.53	5.53	5.53	5.53	5.53	5.80	7.28	7.28	7.28	7.28	7.28	7.28
Reserves	28.46	29.72	29.73	29.93	26.84	28.15	33.67	39.72	42.84	48.38	52.01	58.40	61.09
Borrowings	18.81	15.16	18.51	16.71	17.93	17.42	9.53	16.28	18.35	11.80	10.08	14.64	13.54
Other Liabilities	14.76	14.47	14.37	18.76	19.57	24.79	18.38	19.11	17.65	24.01	28.80	22.24	23.11
Total Liabilities	67.56	64.88	68.14	70.93	69.87	75.89	67.38	82.39	86.12	91.47	98.17	102.56	105.02
Fixed Assets	24.65	23.77	22.87	22.28	21.85	21.19	17.04	16.28	15.71	11.82	11.52	12.22	13.48
CWIP	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.35	1.03	0.00
Investments	10.40	10.40	4.90	10.90	12.90	12.90	12.90	13.16	13.19	13.06	13.06	0.16	0.16
Other Assets	32.51	30.71	40.37	37.75	35.12	41.80	37.44	52.95	57.22	66.59	73.24	89.15	91.38
Total Assets	67.56	64.88	68.14	70.93	69.87	75.89	67.38	82.39	86.12	91.47	98.17	102.56	105.02

Reserves and Borrowings Chart

Cash Flow

Month	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Cash from Operating Activity +	6.11	4.05	-6.73	9.32	4.02	5.03	1.99	-6.78	-3.92	-1.24	-0.44	-19.02
Cash from Investing Activity +	-0.42	0.83	6.26	-4.32	-1.41	-1.56	6.80	-0.91	4.14	8.95	3.83	16.00
Cash from Financing Activity +	-4.65	-6.24	0.56	-4.86	-3.53	-4.91	-8.77	7.83	-0.32	-7.52	-3.39	2.89
Net Cash Flow	1.04	-1.36	0.09	0.14	-0.92	-1.43	0.02	0.13	-0.11	0.19	0.00	-0.14
Free Cash Flow	5.59	3.89	-6.75	9.11	3.62	4.85	6.09	-5.47	-3.93	3.97	-0.88	-20.81
CFO/OP	177%	43%	-135%	350%	-3,100%	127%	7%	-231%	-96%	-36%	-15%	-288%

Free Cash Flow

Month	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Free Cash Flow	-14.03	-10.98	-15.24	-14.01	-18.06	-13.46	-3.73	-11.59	-13.41	-8.35	-7.20	-8.03

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

Month	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Debtor Days	328.75	307.87	352.22	285.21	312.86	365.97	167.74	169.70	210.45	296.10	238.30	149.40
Inventory Days
Days Payable
Cash Conversion Cycle	328.75	307.87	352.22	285.21	312.86	365.97	167.74	169.70	210.45	296.10	238.30	149.40
Working Capital Days	-115.03	-52.90	224.16	92.64	-2.54	70.38	121.17	231.35	377.08	675.36	473.73	-111.87
ROCE %	7.81%	8.70%	7.31%	7.97%	3.10%	8.78%	12.79%	11.36%	11.99%	9.78%	10.03%	13.45%

Financial Efficiency Indicators Chart

Share Holding Pattern

Month	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025
Promoters	39.09%	39.09%	39.09%	39.09%	39.09%	39.09%	39.09%	39.09%	39.09%	39.09%	39.09%	39.09%
FIIs	0.41%	1.03%	0.69%	0.69%	0.69%	0.69%	0.34%	0.00%	0.00%	0.00%	0.00%	0.00%
Public	60.51%	59.88%	60.23%	60.23%	60.22%	60.23%	60.57%	60.91%	60.92%	60.91%	60.91%	60.91%
No. of Shareholders	2,639	2,829	3,417	4,452	5,078	5,593	5,500	5,706	5,541	5,799	5,720	5,559

Shareholding Pattern Chart

No. of Shareholders

Artefact 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

Month	Mar 16	Mar 15	Mar 14	Mar 13	Mar 12
FaceValue	10.00	10.00	10.00	10.00	10.00
Basic EPS (Rs.)	-9.26	3.40	1.77	2.81	6.90
Diluted EPS (Rs.)	-9.26	3.40	1.77	2.81	6.90
Cash EPS (Rs.)	-7.61	5.18	3.92	5.36	8.62
Book Value[Excl.RevalReserv]/Share (Rs.)	63.88	72.77	68.72	66.95	65.54
Book Value[Incl.RevalReserv]/Share (Rs.)	63.88	72.77	68.72	66.95	65.54
Revenue From Operations / Share (Rs.)	53.95	84.45	65.75	69.44	53.96
PBDIT / Share (Rs.)	1.84	14.41	14.22	13.05	12.20
PBIT / Share (Rs.)	0.18	12.67	12.46	10.99	10.09
PBT / Share (Rs.)	-8.49	5.29	4.59	4.83	4.67
Net Profit / Share (Rs.)	-9.27	3.44	2.16	3.31	6.52
NP After MI And SOA / Share (Rs.)	-9.26	3.40	1.77	2.81	6.51
PBDIT Margin (%)	3.41	17.06	21.63	18.78	22.60
PBIT Margin (%)	0.33	14.99	18.95	15.82	18.70
PBT Margin (%)	-15.73	6.25	6.98	6.96	8.65
Net Profit Margin (%)	-17.19	4.07	3.29	4.76	12.08
NP After MI And SOA Margin (%)	-17.17	4.02	2.68	4.04	12.06
Return on Networth / Equity (%)	-14.50	4.67	2.57	4.19	10.02
Return on Capital Employeed (%)	0.17	15.32	13.55	11.02	11.57
Return On Assets (%)	-5.48	2.02	1.06	1.87	5.09
Long Term Debt / Equity (X)	0.52	0.08	0.29	0.44	0.30
Total Debt / Equity (X)	0.88	0.37	0.64	0.73	0.65
Asset Turnover Ratio (%)	0.19	0.25	0.27	0.21	0.29
Current Ratio (X)	1.46	1.21	1.19	1.32	1.80
Quick Ratio (X)	1.34	1.09	1.08	1.32	1.80
Dividend Payout Ratio (NP) (%)	0.00	0.00	0.00	26.72	11.51
Dividend Payout Ratio (CP) (%)	0.00	0.00	0.00	15.42	8.70
Earning Retention Ratio (%)	0.00	0.00	0.00	73.28	88.49
Cash Earning Retention Ratio (%)	0.00	0.00	0.00	84.58	91.30
Interest Coverage Ratio (X)	0.21	1.95	1.81	2.12	2.25
Interest Coverage Ratio (Post Tax) (X)	-0.06	1.47	1.27	1.54	1.61
Enterprise Value (Cr.)	47.63	31.30	30.35	35.76	33.31
EV / Net Operating Revenue (X)	1.60	0.67	0.83	0.93	1.12
EV / EBITDA (X)	46.86	3.93	3.86	4.96	4.94
MarketCap / Net Operating Revenue (X)	0.59	0.43	0.27	0.29	0.50
Retention Ratios (%)	0.00	0.00	0.00	73.27	88.48
Price / BV (X)	0.50	0.50	0.26	0.30	0.42
Price / Net Operating Revenue (X)	0.59	0.43	0.27	0.29	0.50
EarningsYield	-0.28	0.09	0.09	0.13	0.23

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

About the Company - Qualitative Analysis

Artefact Projects Ltd. is a Public Limited Listed company incorporated on 06/10/1987 and has its registered office in the State of Maharashtra, India. Company's Corporate Identification Number(CIN) is L65910MH1987PLC044887 and registration number is 044887. Currently Company is involved in the business activities of Architectural and engineering activities and related technical consultancy. Company's Total Operating Revenue is Rs. 30.05 Cr. and Equity Capital is Rs. 7.28 Cr. for the Year ended 31/03/2025.

INDUSTRY	ADDRESS	CONTACT
Infrastructure - General	Block No. 106, 2nd Floor, 'Artefact Towers', Nagpur Maharashtra 440015	Contact not found

Management
Name	Position Held
Mr. Siddharth P Shah	Whole Time Director
Mrs. Ankita S Shah	Non Executive Director
Mrs. Pritti Agarwal	Independent Director
Mr. Kaustubh Paunikar	Independent Director

FAQ

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

As of 26 April 2026, Artefact Projects Ltd's intrinsic value is ₹94.60, which is 45.54% higher than the current market price of ₹65.00, suggesting the stock is undervalued. This is calculated using the PE ratio method factoring in ROE (11.7 %), book value (₹94.0), dividend yield (0.77 %), and 5-year EPS CAGR.

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

Artefact Projects Ltd is trading at ₹65.00 as of 26 April 2026, with a FY2026-2027 high of ₹82.0 and low of ₹52.0. The stock is currently in the middle of its 52-week range. Market cap stands at ₹47.3 Cr..

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

Artefact Projects Ltd has a P/E ratio of 6.56, which is below the industry average of 95.29. Trading at a steep discount to peers could signal a value opportunity or reflect concerns about the company's fundamentals.

Is Artefact Projects Ltd financially healthy?

Key indicators for Artefact Projects Ltd: ROCE of 13.4 % is moderate. Dividend yield is 0.77 %.

Is Artefact Projects Ltd profitable and how is the profit trend?

Artefact Projects Ltd reported a net profit of ₹7 Cr in Mar 2025 on revenue of ₹30 Cr. Compared to ₹4 Cr in Mar 2022, the net profit shows an improving trend.

Does Artefact Projects Ltd pay dividends?

Artefact Projects Ltd has a dividend yield of 0.77 % at the current price of ₹65.00. The company pays dividends, though the yield is modest.