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Last Updated: April 2, 2026, 4:08 am
Author: Getaka|Social: XLinkedIn
Stock Ticker - BSE: 542670 | NSE: AEPL

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

Fair Value

₹11.17Overvalued by 29.30%vs CMP ₹15.80

P/E (41.3) × ROE (9.3%) × BV (₹3.65) × DY (0.03%)

₹6.65Overvalued by 57.91%vs CMP ₹15.80
MoS: -137.6% (Negative)Confidence: 65/100 (Moderate)Models: All 8: Overvalued
ModelCategoryValueWeightSignal
PE-ROEEarnings₹12.6225%Over (-20.1%)
Graham NumberEarnings₹5.5118%Over (-65.1%)
Earnings PowerEarnings₹2.0112%Over (-87.3%)
DCFCash Flow₹7.0715%Over (-55.3%)
Net Asset ValueAssets₹3.668%Over (-76.8%)
EV/EBITDAEnterprise₹4.8410%Over (-69.4%)
Earnings YieldEarnings₹3.708%Over (-76.6%)
Revenue MultipleRevenue₹4.336%Over (-72.6%)
Consensus (8 models)₹6.65100%Overvalued
Key Drivers: Wide model spread (₹2–₹13) — high uncertainty.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: 13.0%

*Investments are subject to market risks

Investment Snapshot

71
Artemis Electricals & Projects Ltd scores 71/100 (Strong)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health61/100 · Moderate
ROCE 11.7% AverageROE 9.3% AverageD/E 0.43 ModerateInterest Coverage 0.0x RiskyProfitable 4/5 years Consistent
Smart Money50/100 · Moderate
FII holding stable No changePromoter holding at 72.5% Stable
Earnings Quality65/100 · Strong
OPM expanding (-1% → 17%) Improving
Quarterly Momentum100/100 · Strong
Revenue (4Q): +107% YoY AcceleratingProfit (4Q): +114% YoY StrongOPM: 30.5% (up 9.2% YoY) Margin expansion
Industry Rank75/100 · Strong
P/E 41.3 vs industry 61.2 Cheaper than peersROCE 11.7% vs industry 16.4% Average3Y sales CAGR: 28% High growth

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 2, 2026, 4:08 am

Market Cap 396 Cr.
Current Price 15.8
Intrinsic Value₹6.65
High / Low 28.0/13.0
Stock P/E41.3
Book Value 3.65
Dividend Yield0.03 %
ROCE11.7 %
ROE9.26 %
Face Value 1.00
PEG Ratio3.18

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

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 396 Cr. 15.8 28.0/13.041.3 3.650.03 %11.7 %9.26 % 1.00
Modison Ltd 406 Cr. 125 197/10910.9 69.82.80 %15.5 %12.1 % 1.00
Urja Global Ltd 472 Cr. 8.98 17.5/8.00366 3.350.00 %1.36 %0.73 % 1.00
WS Industries (India) Ltd 519 Cr. 68.4 102/59.2 31.30.00 %5.30 %10.6 % 10.0
Aaron Industries Ltd 257 Cr. 123 258/10735.6 21.10.49 %18.6 %21.0 % 10.0
Industry Average12,116.17 Cr516.5461.1898.010.35%16.40%15.91%6.47

All Competitor Stocks of Artemis Electricals & Projects Ltd

Quarterly Result

MetricDec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales 20.7530.9811.3613.5713.972.4612.384.0218.4537.4919.7515.804.26
Expenses 15.8624.729.6011.0811.501.4511.582.6614.5132.4317.5411.082.96
Operating Profit 4.896.261.762.492.471.010.801.363.945.062.214.721.30
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 0.000.000.000.000.000.120.110.080.000.390.000.340.05
Interest 1.23-5.730.180.420.300.100.080.070.070.060.060.050.05
Depreciation 0.410.400.340.350.350.340.290.300.300.290.250.250.25
Profit before tax 3.2511.591.241.721.820.690.541.073.575.101.904.761.05
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 2.438.920.901.321.370.520.400.802.753.811.373.560.84
EPS in Rs 0.100.360.040.050.050.020.020.030.110.150.050.140.03

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

Quarterly Chart

Profit & Loss - Annual Report

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

MetricMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales 6.568.9145.3147.2489.48101.77106.9244.9534.3358.2241.3672.3577.30
Expenses 6.238.3442.8844.1374.4585.4788.9041.5341.4447.1733.6361.1964.01
Operating Profit 0.330.572.433.1115.0316.3018.023.42-7.1111.057.7311.1613.29
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 0.020.030.030.000.040.461.880.160.000.000.120.580.78
Interest 0.010.000.210.010.370.981.180.805.891.700.990.280.22
Depreciation 0.150.150.170.240.521.791.772.281.901.611.381.181.04
Profit before tax 0.190.452.082.8614.1813.9916.950.50-14.907.745.4810.2812.81
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 0.160.321.551.779.5610.1912.490.16-11.716.514.107.699.58
EPS in Rs 0.070.130.350.402.150.580.510.01-0.470.260.160.310.37
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

Year2014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-20242024-2025
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

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital 2.392.394.444.444.4417.7024.7025.1025.1025.1025.1025.1025.10
Reserves -0.250.072.244.0113.669.8753.1156.0844.5451.0654.1461.7366.65
Borrowings 1.371.280.350.4413.029.629.148.5930.2127.9012.242.472.09
Other Liabilities 1.271.386.7510.8036.2029.0039.8921.1826.2523.4218.6233.0242.41
Total Liabilities 4.785.1213.7819.6967.3266.19126.84110.95126.10127.48110.10122.32136.25
Fixed Assets 1.131.181.191.3316.3116.4619.2116.8414.9513.4312.0510.8810.37
CWIP 0.000.000.000.000.000.000.000.0014.1621.1825.8455.5555.55
Investments 0.000.000.000.000.000.000.000.003.203.743.743.743.74
Other Assets 3.653.9412.5918.3651.0149.73107.6394.1193.7989.1368.4752.1566.59
Total Assets 4.785.1213.7819.6967.3266.19126.84110.95126.10127.48110.10122.32136.25

Reserves and Borrowings Chart

Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity + 0.000.920.800.773.366.74-33.75-2.621.6311.6721.2441.19
Cash from Investing Activity + 0.00-0.19-1.59-0.87-14.87-1.93-3.180.03-17.36-7.66-4.55-29.73
Cash from Financing Activity + 0.00-0.090.040.0711.48-4.3036.422.5915.73-4.00-16.66-10.17
Net Cash Flow 0.000.65-0.74-0.03-0.020.50-0.510.000.000.000.031.29
Free Cash Flow 0.000.710.620.39-12.144.81-36.92-2.60-12.534.5516.5811.48
CFO/OP 0%167%39%26%23%51%-154%39%-35%134%269%384%

Free Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow-1.04-0.712.082.672.016.688.88-5.17-37.32-16.85-4.518.69

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

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days 109.6183.1650.7577.57102.0661.08223.98410.39571.26205.01455.72126.32
Inventory Days 101.3951.7927.0437.76101.74111.11110.76526.09105.614.132.151.78
Days Payable 73.5161.7710.7270.49106.0375.73140.59356.67347.18561.09225.89820.29
Cash Conversion Cycle 137.4973.1867.0744.8597.7796.46194.15579.80329.69-351.95231.98-692.19
Working Capital Days 119.0769.6422.4831.6021.8253.94202.57491.84413.91-57.68252.9282.89
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

MonthMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 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 1,6462,3137,75117,01220,18919,70819,78920,87621,01220,73919,83819,231

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

MonthMar 25Mar 24Mar 23Mar 22
FaceValue 1.001.001.0010.00
Basic EPS (Rs.) 0.300.150.25-4.66
Diluted EPS (Rs.) 0.300.150.25-4.66
Cash EPS (Rs.) 0.350.220.32-3.91
Book Value[Excl.RevalReserv]/Share (Rs.) 3.423.133.0127.74
Book Value[Incl.RevalReserv]/Share (Rs.) 3.423.133.0127.74
Revenue From Operations / Share (Rs.) 2.881.652.3213.68
PBDIT / Share (Rs.) 0.460.310.44-2.83
PBIT / Share (Rs.) 0.410.240.36-3.59
PBT / Share (Rs.) 0.400.200.29-5.93
Net Profit / Share (Rs.) 0.300.150.25-4.66
NP After MI And SOA / Share (Rs.) 0.300.150.25-4.66
PBDIT Margin (%) 16.2118.9718.97-20.72
PBIT Margin (%) 14.3615.0015.67-26.25
PBT Margin (%) 13.9812.6012.74-43.40
Net Profit Margin (%) 10.449.4210.78-34.11
NP After MI And SOA Margin (%) 10.449.4210.78-34.11
Return on Networth / Equity (%) 8.794.968.30-16.81
Return on Capital Employeed (%) 11.857.6511.56-9.37
Return On Assets (%) 6.223.544.91-9.28
Long Term Debt / Equity (X) 0.010.030.040.38
Total Debt / Equity (X) 0.020.150.360.43
Asset Turnover Ratio (%) 0.620.340.450.00
Current Ratio (X) 1.491.950.782.30
Quick Ratio (X) 1.481.930.772.09
Inventory Turnover Ratio (X) 136.2242.251.630.00
Interest Coverage Ratio (X) 42.307.926.48-1.21
Interest Coverage Ratio (Post Tax) (X) 28.254.944.68-0.98
Enterprise Value (Cr.) 448.17902.08375.55151.80
EV / Net Operating Revenue (X) 6.1921.816.454.42
EV / EBITDA (X) 38.20114.9633.99-21.33
MarketCap / Net Operating Revenue (X) 6.1821.525.973.54
Price / BV (X) 5.2011.344.601.75
Price / Net Operating Revenue (X) 6.1821.525.973.54
EarningsYield 0.010.000.01-0.09

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

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.
INDUSTRYADDRESSCONTACT
Electric Equipment - GeneralArtemis Complex, Gala No.105 & 108, Thane Maharashtra 401208Contact not found
Management
NamePosition Held
Mr. Krishnakumar Laxman BangeraChairman(NonExe.&Ind.Director)
Mr. Shivkumar Chhangur SinghWhole Time Director
Mr. Saideep Shantaram B agaleNon Exe.Non Ind.Director
Mr. Deepak KumarNon Exe.Non Ind.Director
Ms. Priyanka YadavInd. Non-Executive Director
Mr. Sachin Anant NivalkarNon Exe.Non Ind.Director

FAQ

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

As of 19 April 2026, Artemis Electricals & Projects Ltd's intrinsic value is ₹6.65, which is 57.91% lower than the current market price of ₹15.80, suggesting the stock is overvalued. This is calculated using the PE ratio method factoring in ROE (9.26 %), book value (₹3.65), dividend yield (0.03 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of Artemis Electricals & Projects Ltd?

Artemis Electricals & Projects Ltd is trading at ₹15.80 as of 19 April 2026, with a FY2026-2027 high of ₹28.0 and low of ₹13.0. The stock is currently near its 52-week low. Market cap stands at ₹396 Cr..

How does Artemis Electricals & Projects Ltd's P/E ratio compare to its industry?

Artemis Electricals & Projects Ltd has a P/E ratio of 41.3, which is below the industry average of 61.18. This is broadly in line with or below the industry average.

Is Artemis Electricals & Projects Ltd financially healthy?

Key indicators for Artemis Electricals & Projects Ltd: ROCE of 11.7 % is moderate. Dividend yield is 0.03 %.

Is Artemis Electricals & Projects Ltd profitable and how is the profit trend?

Artemis Electricals & Projects Ltd reported a net profit of ₹8 Cr in Mar 2025 on revenue of ₹72 Cr. Compared to ₹-12 Cr in Mar 2022, the net profit shows an improving trend.

Does Artemis Electricals & Projects Ltd pay dividends?

Artemis Electricals & Projects Ltd has a dividend yield of 0.03 % at the current price of ₹15.80. The company pays dividends, though the yield is modest.

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 Artemis Electricals & 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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