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Last Updated: April 2, 2026, 4:23 am
Author: Getaka|Social: XLinkedIn
Stock Ticker - BSE: 522231 | NSE: CONART

Conart Engineers Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹41.04Overvalued by 40.44%vs CMP ₹68.90

P/E (11.2) × ROE (8.4%) × BV (₹53.40) × DY (2.00%)

₹65.92Fairly Valued by 4.33%vs CMP ₹68.90
MoS: -4.5% (Negative)Confidence: 58/100 (Moderate)Models: 2 Under, 7 Over
ModelCategoryValueWeightSignal
PE-ROEEarnings₹51.2523%Over (-25.6%)
Graham NumberEarnings₹86.0317%Under (+24.9%)
Earnings PowerEarnings₹34.8411%Over (-49.4%)
DCFCash Flow₹151.0711%Under (+119.3%)
Net Asset ValueAssets₹53.327%Over (-22.6%)
EV/EBITDAEnterprise₹56.769%Over (-17.6%)
Earnings YieldEarnings₹61.607%Over (-10.6%)
ROCE CapitalReturns₹29.477%Over (-57.2%)
Revenue MultipleRevenue₹44.986%Over (-34.7%)
Consensus (9 models)₹65.92100%Fairly Valued
Key Drivers: Wide model spread (₹29–₹151) — high uncertainty.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: 24.9%

*Investments are subject to market risks

Investment Snapshot

70
Conart Engineers Ltd scores 70/100 (Strong)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health72/100 · Strong
ROCE 12.2% GoodROE 8.4% AverageD/E 0.00 Low debtInterest Coverage 0.0x RiskyProfitable 5/5 years Consistent
Smart Money50/100 · Moderate
FII holding stable No changePromoter holding at 44.2% Stable
Earnings Quality60/100 · Moderate
OPM stable around 7% SteadyWorking capital: 57 days (improving) Efficient
Quarterly Momentum100/100 · Strong
Revenue (4Q): +41% YoY AcceleratingProfit (4Q): +91% YoY StrongOPM: 6.1% (up 4.7% YoY) Margin expansion
Industry Rank55/100 · Moderate
P/E 11.2 vs industry 36.6 Cheaper than peersROCE 12.2% vs industry 16.4% AverageROE 8.4% vs industry 21.4% Below peers3Y sales CAGR: 16% 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.

Conart Engineers Ltd Investor Signals

Computed from valuation, cash flow, balance sheet, ownership and quarterly trend data already available in this stock page.

Value Trap Score
60/100
Moderate
Derived from: Cheapness + weak quality + weak cash support
Current data: P/E 11.2 vs Ind 36.6 | ROCE 12.2% | ROE 8.4% | CFO/NP N/A
Balance Sheet Stress
0/100
Comfortable
Derived from: Leverage + debt servicing + liquidity + debt trend
Current data: D/E 0.00x | IntCov 0.0x | Current 5.10x | Borrow/Reserve 0.00x
Cash Flow Reliability
29/100
Weak
Derived from: Cash backing of earnings + working capital pressure
Current data: CFO ₹0 Cr | NP ₹3 Cr | CFO/NP N/A
Ownership Accumulation
+25
Neutral
Derived from: FII + DII + promoter direction, adjusted by crowding
Current data: FII 0.00 pp | DII N/A | Prom +0.01 pp
Business Momentum
-80
Early weakness
Derived from: Latest quarter sales + profit + OPM change
Current data: Q Sales -3.8% | Q NP -52.7% | Q OPM -3.2 pp
Derived FieldValueHow it is derived
Valuation Gap %-4.3%((Fair Value - CMP) / CMP) × 100
Borrowings / Reserves0.00xLatest borrowings divided by latest reserves
CFO / Net ProfitN/ALatest operating cash flow divided by latest net profit
FII Change0.00 ppLatest FII% minus previous FII%
DII ChangeN/ALatest DII% minus previous DII%
Promoter Change+0.01 ppLatest promoter% minus previous promoter%
Shareholder Count Change-215Latest shareholder count minus previous count
Quarterly Sales Change-3.8%Latest quarter sales vs previous quarter sales
Quarterly Profit Change-52.7%Latest quarter net profit vs previous quarter net profit
Quarterly OPM Change-3.2 ppLatest quarter OPM minus previous quarter OPM

Share Price and Basic Stock Data

Last Updated: April 2, 2026, 4:23 am

Market Cap 43.3 Cr.
Current Price 68.9
Intrinsic Value₹65.92
High / Low 139/60.0
Stock P/E11.2
Book Value 53.4
Dividend Yield0.00 %
ROCE12.2 %
ROE8.41 %
Face Value 5.00
PEG Ratio0.45

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

View Share Price Target for Conart Engineers Ltd

Competitors

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
Conart Engineers Ltd 43.3 Cr. 68.9 139/60.011.2 53.40.00 %12.2 %8.41 % 5.00
HB Estate Developers Ltd 142 Cr. 61.7 111/56.811.1 78.30.00 %8.20 %6.60 % 10.0
NCC Ltd 8,701 Cr. 139 242/13011.7 1201.59 %21.7 %11.4 % 2.00
Shradha Infraprojects Ltd 250 Cr. 30.8 72.1/26.311.9 19.81.62 %9.54 %12.7 % 2.00
Ansal Buildwell Ltd 66.7 Cr. 90.4 158/79.09.74 1841.11 %9.92 %6.19 % 10.0
Industry Average3,374.20 Cr159.1236.56125.440.20%16.37%21.40%21.58

All Competitor Stocks of Conart Engineers Ltd

Quarterly Result

MetricDec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales 8.018.538.6911.6413.7713.779.9210.5714.1621.8814.7816.2315.61
Expenses 7.167.658.4510.7212.1412.149.6810.3113.9619.6314.3314.7314.66
Operating Profit 0.850.880.240.921.631.630.240.260.202.250.451.500.95
OPM % 10.61%10.32%2.76%7.90%11.84%11.84%2.42%2.46%1.41%10.28%3.04%9.24%6.09%
Other Income 0.040.050.090.270.040.040.100.050.070.301.010.410.06
Interest 0.000.000.010.000.000.000.010.000.000.000.000.000.00
Depreciation 0.130.150.150.150.140.140.150.140.180.070.160.180.20
Profit before tax 0.760.780.171.041.531.530.180.170.092.481.301.730.81
Tax % 25.00%14.10%29.41%8.65%24.18%24.18%-66.67%-111.76%-122.22%49.60%45.38%24.86%25.93%
Net Profit 0.570.660.130.951.161.160.300.360.211.250.721.290.61
EPS in Rs 0.901.050.211.511.841.840.480.570.331.991.152.050.97

Last Updated: March 3, 2026, 11:16 am

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: February 27, 2026, 2:46 am

MetricMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales 8.4219.1120.7520.4322.5131.0325.2221.7136.5635.4948.8956.5368.50
Expenses 8.6218.4119.0618.4920.6828.7123.8120.8034.7732.5645.3252.6163.35
Operating Profit -0.200.701.691.941.832.321.410.911.792.933.573.925.15
OPM % -2.38%3.66%8.14%9.50%8.13%7.48%5.59%4.19%4.90%8.26%7.30%6.93%7.52%
Other Income 0.901.040.480.540.330.440.670.950.410.170.550.511.78
Interest 0.070.030.030.050.050.000.010.010.000.030.030.020.00
Depreciation 0.470.530.510.520.490.500.510.440.470.540.600.540.61
Profit before tax 0.161.181.631.911.622.261.561.411.732.533.493.876.32
Tax % 50.00%5.08%31.29%32.98%25.93%26.11%23.72%26.95%26.01%21.74%11.75%30.75%
Net Profit 0.081.121.121.291.201.671.191.041.281.973.082.683.87
EPS in Rs 0.131.871.872.151.902.651.891.652.033.134.894.276.16
Dividend Payout % 0.00%0.00%0.00%0.00%0.00%0.00%26.39%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 (%)1300.00%0.00%15.18%-6.98%39.17%-28.74%-12.61%23.08%53.91%56.35%-12.99%
Change in YoY Net Profit Growth (%)0.00%-1300.00%15.18%-22.16%46.14%-67.91%16.14%35.68%30.83%2.44%-69.33%

Conart Engineers 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:11%
5 Years:18%
3 Years:16%
TTM:25%
Compounded Profit Growth
10 Years:8%
5 Years:26%
3 Years:30%
TTM:-8%
Stock Price CAGR
10 Years:24%
5 Years:61%
3 Years:77%
1 Year:45%
Return on Equity
10 Years:7%
5 Years:7%
3 Years:9%
Last Year:8%

Last Updated: September 5, 2025, 3:01 pm

Balance Sheet

Last Updated: December 4, 2025, 2:40 am

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital 3.003.003.003.003.143.143.143.143.143.143.143.143.14
Reserves 10.4010.5411.6612.9614.6516.4017.4118.2219.9222.1425.8928.9830.37
Borrowings 0.290.080.300.190.070.000.000.000.000.050.040.020.01
Other Liabilities 2.042.612.773.404.076.224.494.264.924.374.519.6812.50
Total Liabilities 15.7316.2317.7319.5521.9325.7625.0425.6227.9829.7033.5841.8246.02
Fixed Assets 4.763.423.823.385.045.124.213.994.545.925.335.846.37
CWIP 0.000.000.010.000.000.000.000.000.000.000.000.000.00
Investments 1.392.342.052.073.233.266.948.407.357.7410.0911.5610.22
Other Assets 9.5810.4711.8514.1013.6617.3813.8913.2316.0916.0418.1624.4229.43
Total Assets 15.7316.2317.7319.5521.9325.7625.0425.6227.9829.7033.5841.8246.02

Reserves and Borrowings Chart

Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity + 2.992.41-0.410.141.25-0.491.931.99-1.484.070.914.91
Cash from Investing Activity + -1.150.97-0.61-0.05-3.21-0.44-2.74-1.150.70-1.88-1.08-1.65
Cash from Financing Activity + -0.62-0.210.22-0.110.60-0.07-0.39-0.010.000.01-0.03-0.03
Net Cash Flow 1.223.17-0.80-0.02-1.36-1.00-1.200.83-0.782.20-0.203.24
Free Cash Flow 2.952.18-1.340.071.02-1.372.341.77-3.112.150.933.95
CFO/OP -1,685%397%-2%17%94%-3%164%184%-71%152%48%148%

Free Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow-0.490.621.391.751.762.321.410.911.792.883.533.90

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 153.4654.8266.84125.60120.48126.57137.63107.6099.6463.5677.0556.04
Inventory Days 90.9234.83101.0492.66150.52119.1083.03212.39120.20124.5871.76182.00
Days Payable 163.1148.0995.7293.60162.34137.9195.65124.6384.2950.8441.03102.39
Cash Conversion Cycle 81.2641.5672.16124.66108.65107.76125.02195.35135.55137.30107.78135.66
Working Capital Days 101.4427.3159.98103.44101.34105.28124.90124.92103.1391.2279.2956.69
ROCE %1.86%9.45%11.69%12.47%9.82%12.14%5.39%2.77%7.20%10.33%11.62%12.19%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Promoters 44.54%44.54%44.54%44.55%44.55%44.55%44.55%44.23%44.23%44.23%44.23%44.24%
FIIs 0.00%0.00%0.00%0.28%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
Public 55.46%55.46%55.46%55.17%55.45%55.44%55.44%55.76%55.77%55.77%55.77%55.76%
No. of Shareholders 4,0864,0223,8743,9994,5255,1905,6966,2536,3936,1055,7965,581

Shareholding Pattern Chart

No. of Shareholders

Conart Engineers 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 5.0010.0010.0010.0010.00
Basic EPS (Rs.) 4.269.816.294.093.30
Diluted EPS (Rs.) 4.269.816.294.093.30
Cash EPS (Rs.) 5.1211.738.025.574.70
Book Value[Excl.RevalReserv]/Share (Rs.) 51.1592.4480.5073.4368.04
Book Value[Incl.RevalReserv]/Share (Rs.) 51.1592.4480.5073.4368.04
Revenue From Operations / Share (Rs.) 90.02155.71113.01116.4369.14
PBDIT / Share (Rs.) 7.0613.079.887.015.94
PBIT / Share (Rs.) 6.2011.168.155.534.53
PBT / Share (Rs.) 6.1711.108.065.534.49
Net Profit / Share (Rs.) 4.269.816.294.093.30
PBDIT Margin (%) 7.838.398.746.018.59
PBIT Margin (%) 6.887.167.204.746.55
PBT Margin (%) 6.857.137.134.746.49
Net Profit Margin (%) 4.736.305.563.514.76
Return on Networth / Equity (%) 8.3310.617.815.574.84
Return on Capital Employeed (%) 12.1012.2010.047.496.63
Return On Assets (%) 6.409.276.644.584.04
Asset Turnover Ratio (%) 1.511.551.231.360.85
Current Ratio (X) 3.565.955.574.765.10
Quick Ratio (X) 2.635.033.993.743.89
Inventory Turnover Ratio (X) 8.563.583.662.962.69
Interest Coverage Ratio (X) 261.81236.45115.308251.51130.66
Interest Coverage Ratio (Post Tax) (X) 159.23178.4474.404818.0673.50
Enterprise Value (Cr.) 38.5226.359.229.806.99
EV / Net Operating Revenue (X) 0.680.530.250.260.32
EV / EBITDA (X) 8.696.422.974.453.75
MarketCap / Net Operating Revenue (X) 0.780.590.330.280.37
Price / BV (X) 1.380.990.470.450.38
Price / Net Operating Revenue (X) 0.780.590.330.280.37
EarningsYield 0.060.100.160.120.12

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

About the Company - Qualitative Analysis

Conart Engineers Ltd. is a Public Limited Listed company incorporated on 14/12/1973 and has its registered office in the State of Maharashtra, India. Company's Corporate Identification Number(CIN) is L45200MH1973PLC017072 and registration number is 017072. Currently Company is involved in the business activities of Construction of other civil engineering projects. Company's Total Operating Revenue is Rs. 56.53 Cr. and Equity Capital is Rs. 3.14 Cr. for the Year ended 31/03/2025.
INDUSTRYADDRESSCONTACT
Construction, Contracting & Engineering17, Ground Floor, Mumbai Maharashtra 400052Contact not found
Management
NamePosition Held
Mr. Jitendra S SuraChairman & Managing Director
Mr. Jimish J SuraExecutive Director (Finance) & CFO
Mr. Sunil VakilIndependent Director
Mr. Nirmal ParikhIndependent Director
Mr. Jignesh ShahIndependent Director
Mrs. Pooja SuraAdditional Director

FAQ

What is the intrinsic value of Conart Engineers Ltd and is it undervalued?

As of 05 April 2026, Conart Engineers Ltd's intrinsic value is ₹65.92, which is 4.33% lower than the current market price of ₹68.90, suggesting the stock is overvalued. This is calculated using the PE ratio method factoring in ROE (8.41 %), book value (₹53.4), dividend yield (0.00 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of Conart Engineers Ltd?

Conart Engineers Ltd is trading at ₹68.90 as of 05 April 2026, with a FY2026-2027 high of ₹139 and low of ₹60.0. The stock is currently near its 52-week low. Market cap stands at ₹43.3 Cr..

How does Conart Engineers Ltd's P/E ratio compare to its industry?

Conart Engineers Ltd has a P/E ratio of 11.2, which is below the industry average of 36.56. Trading at a steep discount to peers could signal a value opportunity or reflect concerns about the company's fundamentals.

Is Conart Engineers Ltd financially healthy?

Key indicators for Conart Engineers Ltd: ROCE of 12.2 % is moderate. Dividend yield is 0.00 %.

Is Conart Engineers Ltd profitable and how is the profit trend?

Conart Engineers Ltd reported a net profit of ₹3 Cr in Mar 2025 on revenue of ₹57 Cr. Compared to ₹1 Cr in Mar 2022, the net profit shows an improving trend.

Does Conart Engineers Ltd pay dividends?

Conart Engineers Ltd has a dividend yield of 0.00 % at the current price of ₹68.90. 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 Conart Engineers 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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