Artemis Electricals & Projects Ltd: Intrinsic Value & Share Price Analysis

Share Price and Basic Stock Data

Last Updated: March 26, 2026, 4:37 am

Market Cap	404 Cr.
Current Price	16.1
Intrinsic Value	₹12.92
High / Low	28.0/16.0
Stock P/E	42.1
Book Value	3.65
Dividend Yield	0.03 %
ROCE	11.7 %
ROE	9.26 %
Face Value	1.00
PEG Ratio	3.25

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

Stock P/E Current Price Intrinsic Value

View Share Price Target for Artemis Electricals & Projects Ltd

Competitors

Stock Name ⇩	Market Cap ⇩	Current Price ⇩	High / Low ⇩	Stock P/E ⇩	Book Value ⇩	Dividend Yield ⇩	ROCE ⇩	ROE ⇩	Face Value ⇩
Artemis Electricals & Projects Ltd	404 Cr.	16.1	28.0/16.0	42.1	3.65	0.03 %	11.7 %	9.26 %	1.00
Modison Ltd	394 Cr.	121	197/109	10.6	69.8	2.88 %	15.5 %	12.1 %	1.00
Urja Global Ltd	471 Cr.	8.97	17.5/8.45	365	3.35	0.00 %	1.36 %	0.73 %	1.00
Aaron Industries Ltd	273 Cr.	130	258/126	37.8	21.1	0.46 %	18.6 %	21.0 %	10.0
WS Industries (India) Ltd	540 Cr.	71.2	102/59.2		31.3	0.00 %	5.30 %	10.6 %	10.0
Industry Average	12,359.43 Cr	525.14		61.52	98.01	0.35%	16.40%	15.91%	6.47

All Competitor Stocks of Artemis Electricals & 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	20.75	30.98	11.36	13.57	13.97	2.46	12.38	4.02	18.45	37.49	19.75	15.80	4.26
Expenses	15.86	24.72	9.60	11.08	11.50	1.45	11.58	2.66	14.51	32.43	17.54	11.08	2.96
Operating Profit	4.89	6.26	1.76	2.49	2.47	1.01	0.80	1.36	3.94	5.06	2.21	4.72	1.30
OPM %	23.57%	20.21%	15.49%	18.35%	17.68%	41.06%	6.46%	33.83%	21.36%	13.50%	11.19%	29.87%	30.52%
Other Income	0.00	0.00	0.00	0.00	0.00	0.12	0.11	0.08	0.00	0.39	0.00	0.34	0.05
Interest	1.23	-5.73	0.18	0.42	0.30	0.10	0.08	0.07	0.07	0.06	0.06	0.05	0.05
Depreciation	0.41	0.40	0.34	0.35	0.35	0.34	0.29	0.30	0.30	0.29	0.25	0.25	0.25
Profit before tax	3.25	11.59	1.24	1.72	1.82	0.69	0.54	1.07	3.57	5.10	1.90	4.76	1.05
Tax %	25.23%	23.04%	28.23%	23.84%	25.27%	24.64%	25.93%	25.23%	23.25%	25.49%	27.89%	25.00%	20.00%
Net Profit	2.43	8.92	0.90	1.32	1.37	0.52	0.40	0.80	2.75	3.81	1.37	3.56	0.84
EPS in Rs	0.10	0.36	0.04	0.05	0.05	0.02	0.02	0.03	0.11	0.15	0.05	0.14	0.03

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

Below is a detailed analysis of the quarterly data for Artemis Electricals & Projects Ltd based on the most recent figures (Dec 2025) and their trends compared to the previous period:

For Sales, as of Dec 2025, the value is 4.26 Cr.. The value appears to be declining and may need further review. It has decreased from 15.80 Cr. (Sep 2025) to 4.26 Cr., marking a decrease of 11.54 Cr..
For Expenses, as of Dec 2025, the value is 2.96 Cr.. The value appears to be improving (decreasing) as expected. It has decreased from 11.08 Cr. (Sep 2025) to 2.96 Cr., marking a decrease of 8.12 Cr..
For Operating Profit, as of Dec 2025, the value is 1.30 Cr.. The value appears to be declining and may need further review. It has decreased from 4.72 Cr. (Sep 2025) to 1.30 Cr., marking a decrease of 3.42 Cr..
For OPM %, as of Dec 2025, the value is 30.52%. The value appears strong and on an upward trend. It has increased from 29.87% (Sep 2025) to 30.52%, marking an increase of 0.65%.
For Other Income, as of Dec 2025, the value is 0.05 Cr.. The value appears to be declining and may need further review. It has decreased from 0.34 Cr. (Sep 2025) to 0.05 Cr., marking a decrease of 0.29 Cr..
For Interest, as of Dec 2025, the value is 0.05 Cr.. The value remains steady. There is no change compared to the previous period (Sep 2025) which recorded 0.05 Cr..
For Depreciation, as of Dec 2025, the value is 0.25 Cr.. The value remains steady. There is no change compared to the previous period (Sep 2025) which recorded 0.25 Cr..
For Profit before tax, as of Dec 2025, the value is 1.05 Cr.. The value appears to be declining and may need further review. It has decreased from 4.76 Cr. (Sep 2025) to 1.05 Cr., marking a decrease of 3.71 Cr..
For Tax %, as of Dec 2025, the value is 20.00%. The value appears to be improving (decreasing) as expected. It has decreased from 25.00% (Sep 2025) to 20.00%, marking a decrease of 5.00%.
For Net Profit, as of Dec 2025, the value is 0.84 Cr.. The value appears to be declining and may need further review. It has decreased from 3.56 Cr. (Sep 2025) to 0.84 Cr., marking a decrease of 2.72 Cr..
For EPS in Rs, as of Dec 2025, the value is 0.03. The value appears to be declining and may need further review. It has decreased from 0.14 (Sep 2025) to 0.03, marking a decrease of 0.11.

Overall, while many items appear to show a positive trend, any significant downward movement warrant further investigation.

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	6.56	8.91	45.31	47.24	89.48	101.77	106.92	44.95	34.33	58.22	41.36	72.35	77.30
Expenses	6.23	8.34	42.88	44.13	74.45	85.47	88.90	41.53	41.44	47.17	33.63	61.19	64.01
Operating Profit	0.33	0.57	2.43	3.11	15.03	16.30	18.02	3.42	-7.11	11.05	7.73	11.16	13.29
OPM %	5.03%	6.40%	5.36%	6.58%	16.80%	16.02%	16.85%	7.61%	-20.71%	18.98%	18.69%	15.43%	17.19%
Other Income	0.02	0.03	0.03	0.00	0.04	0.46	1.88	0.16	0.00	0.00	0.12	0.58	0.78
Interest	0.01	0.00	0.21	0.01	0.37	0.98	1.18	0.80	5.89	1.70	0.99	0.28	0.22
Depreciation	0.15	0.15	0.17	0.24	0.52	1.79	1.77	2.28	1.90	1.61	1.38	1.18	1.04
Profit before tax	0.19	0.45	2.08	2.86	14.18	13.99	16.95	0.50	-14.90	7.74	5.48	10.28	12.81
Tax %	21.05%	28.89%	25.96%	38.11%	32.51%	27.16%	26.37%	68.00%	-21.41%	15.89%	25.18%	25.19%
Net Profit	0.16	0.32	1.55	1.77	9.56	10.19	12.49	0.16	-11.71	6.51	4.10	7.69	9.58
EPS in Rs	0.07	0.13	0.35	0.40	2.15	0.58	0.51	0.01	-0.47	0.26	0.16	0.31	0.37
Dividend Payout %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

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 (%)	100.00%	384.38%	14.19%	440.11%	6.59%	22.57%	-98.72%	-7418.75%	155.59%	-37.02%	87.56%
Change in YoY Net Profit Growth (%)	0.00%	284.38%	-370.18%	425.92%	-433.52%	15.98%	-121.29%	-7320.03%	7574.34%	-192.61%	124.58%

Artemis Electricals & 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:	23%
5 Years:	-8%
3 Years:	28%
TTM:	88%

Compounded Profit Growth
10 Years:	37%
5 Years:	-8%
3 Years:	39%
TTM:	142%

Stock Price CAGR
10 Years:	%
5 Years:	26%
3 Years:	66%
1 Year:	-15%

Return on Equity
10 Years:	8%
5 Years:	2%
3 Years:	8%
Last Year:	9%

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

Balance Sheet

Last Updated: March 3, 2026, 12:31 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	2.39	2.39	4.44	4.44	4.44	17.70	24.70	25.10	25.10	25.10	25.10	25.10	25.10
Reserves	-0.25	0.07	2.24	4.01	13.66	9.87	53.11	56.08	44.54	51.06	54.14	61.73	66.65
Borrowings	1.37	1.28	0.35	0.44	13.02	9.62	9.14	8.59	30.21	27.90	12.24	2.47	2.09
Other Liabilities	1.27	1.38	6.75	10.80	36.20	29.00	39.89	21.18	26.25	23.42	18.62	33.02	42.41
Total Liabilities	4.78	5.12	13.78	19.69	67.32	66.19	126.84	110.95	126.10	127.48	110.10	122.32	136.25
Fixed Assets	1.13	1.18	1.19	1.33	16.31	16.46	19.21	16.84	14.95	13.43	12.05	10.88	10.37
CWIP	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	14.16	21.18	25.84	55.55	55.55
Investments	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	3.20	3.74	3.74	3.74	3.74
Other Assets	3.65	3.94	12.59	18.36	51.01	49.73	107.63	94.11	93.79	89.13	68.47	52.15	66.59
Total Assets	4.78	5.12	13.78	19.69	67.32	66.19	126.84	110.95	126.10	127.48	110.10	122.32	136.25

Below is a detailed analysis of the balance sheet data for Artemis Electricals & Projects Ltd based on the most recent figures (Sep 2025) and their trends compared to the previous period:

For Equity Capital, as of Sep 2025, the value is 25.10 Cr.. The value remains steady. There is no change compared to the previous period (Mar 2025) which recorded 25.10 Cr..
For Reserves, as of Sep 2025, the value is 66.65 Cr.. The value appears strong and on an upward trend. It has increased from 61.73 Cr. (Mar 2025) to 66.65 Cr., marking an increase of 4.92 Cr..
For Borrowings, as of Sep 2025, the value is 2.09 Cr.. The value appears to be improving (decreasing). Additionally, since Reserves exceed Borrowings, this is considered a positive sign. It has decreased from 2.47 Cr. (Mar 2025) to 2.09 Cr., marking a decrease of 0.38 Cr..
For Other Liabilities, as of Sep 2025, the value is 42.41 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 33.02 Cr. (Mar 2025) to 42.41 Cr., marking an increase of 9.39 Cr..
For Total Liabilities, as of Sep 2025, the value is 136.25 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 122.32 Cr. (Mar 2025) to 136.25 Cr., marking an increase of 13.93 Cr..
For Fixed Assets, as of Sep 2025, the value is 10.37 Cr.. The value appears to be declining and may need further review. It has decreased from 10.88 Cr. (Mar 2025) to 10.37 Cr., marking a decrease of 0.51 Cr..
For CWIP, as of Sep 2025, the value is 55.55 Cr.. The value remains steady. There is no change compared to the previous period (Mar 2025) which recorded 55.55 Cr..
For Investments, as of Sep 2025, the value is 3.74 Cr.. The value remains steady. There is no change compared to the previous period (Mar 2025) which recorded 3.74 Cr..
For Other Assets, as of Sep 2025, the value is 66.59 Cr.. The value appears strong and on an upward trend. It has increased from 52.15 Cr. (Mar 2025) to 66.59 Cr., marking an increase of 14.44 Cr..
For Total Assets, as of Sep 2025, the value is 136.25 Cr.. The value appears strong and on an upward trend. It has increased from 122.32 Cr. (Mar 2025) to 136.25 Cr., marking an increase of 13.93 Cr..

Notably, the Reserves (66.65 Cr.) exceed the Borrowings (2.09 Cr.), indicating a solid financial buffer.

Overall, while many items appear to show a positive trend, any significant downward movement or items where Borrowings exceed Reserves warrant further investigation.

Reserves and Borrowings Chart

Cash Flow

Month	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 +	0.92	0.80	0.77	3.36	6.74	-33.75	-2.62	1.63	11.67	21.24	41.19
Cash from Investing Activity +	-0.19	-1.59	-0.87	-14.87	-1.93	-3.18	0.03	-17.36	-7.66	-4.55	-29.73
Cash from Financing Activity +	-0.09	0.04	0.07	11.48	-4.30	36.42	2.59	15.73	-4.00	-16.66	-10.17
Net Cash Flow	0.65	-0.74	-0.03	-0.02	0.50	-0.51	0.00	0.00	0.00	0.03	1.29

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	-1.04	-0.71	2.08	2.67	2.01	6.68	8.88	-5.17	-37.32	-16.85	-4.51	8.69

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	109.61	83.16	50.75	77.57	102.06	61.08	223.98	410.39	571.26	205.01	455.72	126.32
Inventory Days	101.39	51.79	27.04	37.76	101.74	111.11	110.76	526.09	105.61	4.13	2.15	1.78
Days Payable	73.51	61.77	10.72	70.49	106.03	75.73	140.59	356.67	347.18	561.09	225.89	820.29
Cash Conversion Cycle	137.49	73.18	67.07	44.85	97.77	96.46	194.15	579.80	329.69	-351.95	231.98	-692.19
Working Capital Days	119.07	69.64	22.48	31.60	21.82	53.94	202.57	491.84	413.91	-57.68	252.92	82.89
ROCE %	5.91%	12.41%	42.53%	36.06%	72.73%	43.83%	27.03%	1.54%	-9.50%	9.26%	6.62%	11.68%

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	72.22%	72.22%	72.41%	72.45%	72.45%	72.45%	72.45%	72.45%	72.45%	72.45%	72.45%	72.45%
FIIs	0.30%	0.26%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Public	27.49%	27.51%	27.59%	27.56%	27.54%	27.55%	27.55%	27.55%	27.55%	27.55%	27.55%	27.54%
No. of Shareholders	1,646	2,313	7,751	17,012	20,189	19,708	19,789	20,876	21,012	20,739	19,838	19,231

Shareholding Pattern Chart

No. of Shareholders

Artemis Electricals & 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 25	Mar 24	Mar 23	Mar 22
FaceValue	1.00	1.00	1.00	10.00
Basic EPS (Rs.)	0.30	0.15	0.25	-4.66
Diluted EPS (Rs.)	0.30	0.15	0.25	-4.66
Cash EPS (Rs.)	0.35	0.22	0.32	-3.91
Book Value[Excl.RevalReserv]/Share (Rs.)	3.42	3.13	3.01	27.74
Book Value[Incl.RevalReserv]/Share (Rs.)	3.42	3.13	3.01	27.74
Revenue From Operations / Share (Rs.)	2.88	1.65	2.32	13.68
PBDIT / Share (Rs.)	0.46	0.31	0.44	-2.83
PBIT / Share (Rs.)	0.41	0.24	0.36	-3.59
PBT / Share (Rs.)	0.40	0.20	0.29	-5.93
Net Profit / Share (Rs.)	0.30	0.15	0.25	-4.66
NP After MI And SOA / Share (Rs.)	0.30	0.15	0.25	-4.66
PBDIT Margin (%)	16.21	18.97	18.97	-20.72
PBIT Margin (%)	14.36	15.00	15.67	-26.25
PBT Margin (%)	13.98	12.60	12.74	-43.40
Net Profit Margin (%)	10.44	9.42	10.78	-34.11
NP After MI And SOA Margin (%)	10.44	9.42	10.78	-34.11
Return on Networth / Equity (%)	8.79	4.96	8.30	-16.81
Return on Capital Employeed (%)	11.85	7.65	11.56	-9.37
Return On Assets (%)	6.22	3.54	4.91	-9.28
Long Term Debt / Equity (X)	0.01	0.03	0.04	0.38
Total Debt / Equity (X)	0.02	0.15	0.36	0.43
Asset Turnover Ratio (%)	0.62	0.34	0.45	0.00
Current Ratio (X)	1.49	1.95	0.78	2.30
Quick Ratio (X)	1.48	1.93	0.77	2.09
Inventory Turnover Ratio (X)	136.22	42.25	1.63	0.00
Interest Coverage Ratio (X)	42.30	7.92	6.48	-1.21
Interest Coverage Ratio (Post Tax) (X)	28.25	4.94	4.68	-0.98
Enterprise Value (Cr.)	448.17	902.08	375.55	151.80
EV / Net Operating Revenue (X)	6.19	21.81	6.45	4.42
EV / EBITDA (X)	38.20	114.96	33.99	-21.33
MarketCap / Net Operating Revenue (X)	6.18	21.52	5.97	3.54
Price / BV (X)	5.20	11.34	4.60	1.75
Price / Net Operating Revenue (X)	6.18	21.52	5.97	3.54
EarningsYield	0.01	0.00	0.01	-0.09

After reviewing the key financial ratios for Artemis Electricals & Projects Ltd, here is a detailed analysis based on the latest available data and recent trends:

For FaceValue, as of Mar 25, the value is 1.00. This value is within the healthy range. There is no change compared to the previous period (Mar 24) which recorded 1.00.
For Basic EPS (Rs.), as of Mar 25, the value is 0.30. This value is below the healthy minimum of 5. It has increased from 0.15 (Mar 24) to 0.30, marking an increase of 0.15.
For Diluted EPS (Rs.), as of Mar 25, the value is 0.30. This value is below the healthy minimum of 5. It has increased from 0.15 (Mar 24) to 0.30, marking an increase of 0.15.
For Cash EPS (Rs.), as of Mar 25, the value is 0.35. This value is below the healthy minimum of 3. It has increased from 0.22 (Mar 24) to 0.35, marking an increase of 0.13.
For Book Value[Excl.RevalReserv]/Share (Rs.), as of Mar 25, the value is 3.42. It has increased from 3.13 (Mar 24) to 3.42, marking an increase of 0.29.
For Book Value[Incl.RevalReserv]/Share (Rs.), as of Mar 25, the value is 3.42. It has increased from 3.13 (Mar 24) to 3.42, marking an increase of 0.29.
For Revenue From Operations / Share (Rs.), as of Mar 25, the value is 2.88. It has increased from 1.65 (Mar 24) to 2.88, marking an increase of 1.23.
For PBDIT / Share (Rs.), as of Mar 25, the value is 0.46. This value is below the healthy minimum of 2. It has increased from 0.31 (Mar 24) to 0.46, marking an increase of 0.15.
For PBIT / Share (Rs.), as of Mar 25, the value is 0.41. This value is within the healthy range. It has increased from 0.24 (Mar 24) to 0.41, marking an increase of 0.17.
For PBT / Share (Rs.), as of Mar 25, the value is 0.40. This value is within the healthy range. It has increased from 0.20 (Mar 24) to 0.40, marking an increase of 0.20.
For Net Profit / Share (Rs.), as of Mar 25, the value is 0.30. This value is below the healthy minimum of 2. It has increased from 0.15 (Mar 24) to 0.30, marking an increase of 0.15.
For NP After MI And SOA / Share (Rs.), as of Mar 25, the value is 0.30. This value is below the healthy minimum of 2. It has increased from 0.15 (Mar 24) to 0.30, marking an increase of 0.15.
For PBDIT Margin (%), as of Mar 25, the value is 16.21. This value is within the healthy range. It has decreased from 18.97 (Mar 24) to 16.21, marking a decrease of 2.76.
For PBIT Margin (%), as of Mar 25, the value is 14.36. This value is within the healthy range. It has decreased from 15.00 (Mar 24) to 14.36, marking a decrease of 0.64.
For PBT Margin (%), as of Mar 25, the value is 13.98. This value is within the healthy range. It has increased from 12.60 (Mar 24) to 13.98, marking an increase of 1.38.
For Net Profit Margin (%), as of Mar 25, the value is 10.44. This value exceeds the healthy maximum of 10. It has increased from 9.42 (Mar 24) to 10.44, marking an increase of 1.02.
For NP After MI And SOA Margin (%), as of Mar 25, the value is 10.44. This value is within the healthy range. It has increased from 9.42 (Mar 24) to 10.44, marking an increase of 1.02.
For Return on Networth / Equity (%), as of Mar 25, the value is 8.79. This value is below the healthy minimum of 15. It has increased from 4.96 (Mar 24) to 8.79, marking an increase of 3.83.
For Return on Capital Employeed (%), as of Mar 25, the value is 11.85. This value is within the healthy range. It has increased from 7.65 (Mar 24) to 11.85, marking an increase of 4.20.
For Return On Assets (%), as of Mar 25, the value is 6.22. This value is within the healthy range. It has increased from 3.54 (Mar 24) to 6.22, marking an increase of 2.68.
For Long Term Debt / Equity (X), as of Mar 25, the value is 0.01. This value is below the healthy minimum of 0.2. It has decreased from 0.03 (Mar 24) to 0.01, marking a decrease of 0.02.
For Total Debt / Equity (X), as of Mar 25, the value is 0.02. This value is within the healthy range. It has decreased from 0.15 (Mar 24) to 0.02, marking a decrease of 0.13.
For Asset Turnover Ratio (%), as of Mar 25, the value is 0.62. It has increased from 0.34 (Mar 24) to 0.62, marking an increase of 0.28.
For Current Ratio (X), as of Mar 25, the value is 1.49. This value is below the healthy minimum of 1.5. It has decreased from 1.95 (Mar 24) to 1.49, marking a decrease of 0.46.
For Quick Ratio (X), as of Mar 25, the value is 1.48. This value is within the healthy range. It has decreased from 1.93 (Mar 24) to 1.48, marking a decrease of 0.45.
For Inventory Turnover Ratio (X), as of Mar 25, the value is 136.22. This value exceeds the healthy maximum of 8. It has increased from 42.25 (Mar 24) to 136.22, marking an increase of 93.97.
For Interest Coverage Ratio (X), as of Mar 25, the value is 42.30. This value is within the healthy range. It has increased from 7.92 (Mar 24) to 42.30, marking an increase of 34.38.
For Interest Coverage Ratio (Post Tax) (X), as of Mar 25, the value is 28.25. This value is within the healthy range. It has increased from 4.94 (Mar 24) to 28.25, marking an increase of 23.31.
For Enterprise Value (Cr.), as of Mar 25, the value is 448.17. It has decreased from 902.08 (Mar 24) to 448.17, marking a decrease of 453.91.
For EV / Net Operating Revenue (X), as of Mar 25, the value is 6.19. This value exceeds the healthy maximum of 3. It has decreased from 21.81 (Mar 24) to 6.19, marking a decrease of 15.62.
For EV / EBITDA (X), as of Mar 25, the value is 38.20. This value exceeds the healthy maximum of 15. It has decreased from 114.96 (Mar 24) to 38.20, marking a decrease of 76.76.
For MarketCap / Net Operating Revenue (X), as of Mar 25, the value is 6.18. This value exceeds the healthy maximum of 3. It has decreased from 21.52 (Mar 24) to 6.18, marking a decrease of 15.34.
For Price / BV (X), as of Mar 25, the value is 5.20. This value exceeds the healthy maximum of 3. It has decreased from 11.34 (Mar 24) to 5.20, marking a decrease of 6.14.
For Price / Net Operating Revenue (X), as of Mar 25, the value is 6.18. This value exceeds the healthy maximum of 3. It has decreased from 21.52 (Mar 24) to 6.18, marking a decrease of 15.34.
For EarningsYield, as of Mar 25, the value is 0.01. This value is below the healthy minimum of 5. It has increased from 0.00 (Mar 24) to 0.01, marking an increase of 0.01.

Overall, while many metrics show healthy performance, any figures highlighted in red or significant downward trends warrant further investigation.

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of Artemis Electricals & Projects Ltd as of March 26, 2026 is: ₹11.39

Calculation basis:

Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

As of March 26, 2026, Artemis Electricals & Projects Ltd is Overvalued by 29.25% compared to the current share price ₹16.10

Intrinsic Value of Artemis Electricals & Projects Ltd as of March 26, 2026 is: ₹12.87

Calculation basis:

Intrinsic value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the intrinsic value of the stock by analyzing its fundamental indicators along with EPS growth.

As of March 26, 2026, Artemis Electricals & Projects Ltd is Overvalued by 20.06% compared to the current share price ₹16.10

Last 5 Year EPS CAGR: 12.97%

*Investments are subject to market risks

Strength and Weakness

Strength	Weakness
The stock is trading at a low valuation with an average P/B ratio of -0.65 and average Dividend Yield of 4.70%. The stock has a high average ROCE of 21.68%, which is a positive sign. The company has higher reserves (32.07 cr) compared to borrowings (9.13 cr), indicating strong financial stability. The company has shown consistent growth in sales (56.52 cr) and profit (5.59 cr) over the years.	The stock has a high average Working Capital Days of 142.08, which may not be favorable. The stock has a high average Cash Conversion Cycle of 67.36, which may not be favorable.

Stock Analysis

Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in Artemis Electricals & Projects Ltd:
1. Net Profit Margin: 10.44%
  - Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
2. ROCE: 11.85% (Industry Average ROCE: 16.4%)
  - ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
3. ROE%: 8.79% (Industry Average ROE: 15.91%)
  - ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
4. Interest Coverage Ratio (Post Tax): 28.25
  - Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
5. Quick Ratio: 1.48
  - Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
6. Stock P/E: 42.1 (Industry average Stock P/E: 61.52)
  - Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
7. Total Debt / Equity: 0.02
  - Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
The current analysis is available for review. It's important to conduct thorough research and consider consulting with financial professionals before making any investment decisions.
Stock Rating:

About the Company - Qualitative Analysis

Artemis Electricals and Projects Ltd. is a Public Limited Listed company incorporated on 26/10/2009 and has its registered office in the State of Maharashtra, India. Company's Corporate Identification Number(CIN) is L51505MH2009PLC196683 and registration number is 196683. Currently Company is involved in the business activities of Electrical, plumbing and other construction installation activities. Company's Total Operating Revenue is Rs. 72.35 Cr. and Equity Capital is Rs. 25.10 Cr. for the Year ended 31/03/2025.

INDUSTRY	ADDRESS	CONTACT
Electric Equipment - General	Artemis Complex, Gala No.105 & 108, Thane Maharashtra 401208	Contact not found

Management
Name	Position Held
Mr. Krishnakumar Laxman Bangera	Chairman(NonExe.&Ind.Director)
Mr. Shivkumar Chhangur Singh	Whole Time Director
Mr. Saideep Shantaram B agale	Non Exe.Non Ind.Director
Mr. Deepak Kumar	Non Exe.Non Ind.Director
Ms. Priyanka Yadav	Ind. Non-Executive Director
Mr. Sachin Anant Nivalkar	Non Exe.Non Ind.Director

FAQ

What is the intrinsic value of Artemis Electricals & Projects Ltd?

Artemis Electricals & Projects Ltd's intrinsic value (as of 26 March 2026) is ₹12.87 which is 20.06% lower the current market price of ₹16.10, indicating overvalued. Calculated using the PE ratio method, this valuation considers the company's ₹404 Cr. market cap, FY2025-2026 high/low of ₹28.0/16.0, reserves of ₹66.65 Cr, and liabilities of ₹136.25 Cr.

What is the Market Cap of Artemis Electricals & Projects Ltd?

The Market Cap of Artemis Electricals & Projects Ltd is 404 Cr..

What is the current Stock Price of Artemis Electricals & Projects Ltd as on 26 March 2026?

The current stock price of Artemis Electricals & Projects Ltd as on 26 March 2026 is ₹16.1.

What is the High / Low of Artemis Electricals & Projects Ltd stocks in FY 2025-2026?

In FY 2025-2026, the High / Low of Artemis Electricals & Projects Ltd stocks is ₹28.0/16.0.

What is the Stock P/E of Artemis Electricals & Projects Ltd?

The Stock P/E of Artemis Electricals & Projects Ltd is 42.1.

What is the Book Value of Artemis Electricals & Projects Ltd?

The Book Value of Artemis Electricals & Projects Ltd is 3.65.

What is the Dividend Yield of Artemis Electricals & Projects Ltd?

The Dividend Yield of Artemis Electricals & Projects Ltd is 0.03 %.

What is the ROCE of Artemis Electricals & Projects Ltd?

The ROCE of Artemis Electricals & Projects Ltd is 11.7 %.

What is the ROE of Artemis Electricals & Projects Ltd?

The ROE of Artemis Electricals & Projects Ltd is 9.26 %.

What is the Face Value of Artemis Electricals & Projects Ltd?

The Face Value of Artemis Electricals & Projects Ltd is 1.00.