₹40.4
▲ +1.28 +3.27%
17 Jul 2026
NSE Listed
Art Nirman Limited (ARTNIRMAN)
Volume: 2,028Avg Vol 1W: 775Avg Vol 1M: 1,487.252W Range:₹29.39₹66.97
Key Ratios
Checked 3h agoMarket Cap₹98 Cr
Current Price₹40.4
Previous Close₹39.12
High / Low (52w)₹66.97 / ₹29.39
Volume2,028
Avg Vol (1W)775
Avg Vol (1M)1,487.2
Stock P/E978
Book Value₹14.92
Dividend Yield0%
ROE139.6%
ROA36.5%
Revenue (TTM)₹28 Cr
Revenue Growth—
Profit Margin156.5%
Total Debt—
Shares Outstanding2 Cr
Face Value₹10
EPS (TTM)₹0.21
P/B2.62
Debt / Equity0.29
50 DMA₹40.99
200 DMA₹44.2
Day change+3.27%
Price Chart
₹40.4▼ 29.74% · 1Y
2025-07-172026-07-16
20-day avg volume: 1K shares
Pros
- Healthy return on equity of 139.6%.
- Company is almost debt-free.
- Revenue grew 79% YoY.
Cons
- Stock trades at a high P/E of 978.
Quarterly Results
| Metric | Jun 2024 | Sept 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sept 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | ₹6 Cr | ₹8 Cr | ₹5 Cr | ₹9 Cr | ₹2 Cr | ₹7 Cr | ₹3 Cr | ₹22 Cr |
| EBITDA | ₹0 Cr | ₹1 Cr | ₹0 Cr | ₹2 Cr | ₹0 Cr | ₹1 Cr | ₹0 Cr | ₹4 Cr |
| Net Profit | ₹0 Cr | ₹1 Cr | ₹0 Cr | ₹1 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| EPS | — | — | — | — | — | — | — | — |
Profit & Loss (Annual)
| Metric | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|
| Revenue | ₹35 Cr | ₹20 Cr | ₹62 Cr | ₹81 Cr | ₹37 Cr | ₹20 Cr | ₹35 Cr | ₹28 Cr |
| EBITDA | ₹7 Cr | ₹10 Cr | ₹8 Cr | ₹2 Cr | ₹-11 Cr | ₹0 Cr | ₹2 Cr | ₹3 Cr |
| Net Profit | ₹1 Cr | ₹1 Cr | ₹1 Cr | ₹0 Cr | ₹-11 Cr | ₹0 Cr | ₹1 Cr | ₹2 Cr |
| EPS | 1.47 | 0.74 | 0.34 | 0.01 | -4.41 | 0.04 | 0.47 | 0.8 |
Balance Sheet
| Metric | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | ₹111 Cr | ₹154 Cr | ₹138 Cr | ₹63 Cr | ₹45 Cr | ₹52 Cr | ₹53 Cr | ₹69 Cr |
| Total Liabilities | ₹96 Cr | ₹126 Cr | ₹93 Cr | ₹18 Cr | ₹11 Cr | ₹18 Cr | ₹18 Cr | ₹32 Cr |
| Equity | ₹15 Cr | ₹29 Cr | ₹45 Cr | ₹45 Cr | ₹34 Cr | ₹34 Cr | ₹35 Cr | ₹37 Cr |
| Total Debt | — | — | — | — | — | — | — | — |
Cash Flow
| Metric | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|
| Operating | ₹20 Cr | ₹9 Cr | ₹-7 Cr | ₹2 Cr | ₹-13 Cr |
| Investing | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹-1 Cr | ₹0 Cr |
| Financing | ₹-21 Cr | ₹-5 Cr | ₹2 Cr | ₹0 Cr | ₹13 Cr |
| Free Cash Flow | ₹20 Cr | ₹9 Cr | ₹-7 Cr | ₹2 Cr | ₹-13 Cr |
Shareholding
Promoter 73.75% Institutions 0% Public 26.25%
About Art Nirman Limited
Real Estate · Real Estate - Development
Art Nirman Limited engages in the real estate development and allied activities in India. The company is involved in the construction and development of residential, commercial, and plotting projects. It also engages in the construction and development of office spaces, showrooms, and shops. In addition, it offers maintenance services. The company was formerly known as Vishnudhara Buildcon Private Limited and changed its name to Art Nirman Limited in October 2011. The company was incorporated in 2011 and is based in Ahmedabad, India.
www.artnirman.com ↗Efficiency & Working Capital
ROCE4.4%
Interest Coverage2.7
Dividend Payout—
Debtor Days33 d
Inventory Days563 d
Payable Days89 d
Cash Conversion Cycle507 d
Working Capital Days596 d
Shareholding Details
As of 2026-03-31
Promoter73.7%
FII0%
DII0%
Institutions0%
Public26.3%
Promoter Pledge0%
No. of Shareholders3,118
Shareholding Pattern
Quarterly — figures in %. Latest 12 quarters.
| Period | Jun 2023 | Sept 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sept 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sept 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Promoters | 73.7% | 73.7% | 73.7% | 73.7% | 73.7% | 73.7% | 73.7% | 73.7% | 73.7% | 73.7% | 73.7% | 73.7% |
| FIIs | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| DIIs | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Public | 26.3% | 26.3% | 26.3% | 26.3% | 26.3% | 26.3% | 26.3% | 26.3% | 26.3% | 26.3% | 26.3% | 26.3% |
| Promoter Pledge | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| No. of Shareholders | 2,941 | 2,966 | 2,959 | 2,673 | 2,673 | 2,861 | 3,446 | 3,285 | 3,378 | 3,260 | 3,186 | 3,118 |
Returns History (ROE / ROCE / ROA)
| Period | ROE | ROCE | ROA | P/E |
|---|---|---|---|---|
| 202503 | — | — | — | — |
Major Shareholders (>1%)
| Name | Category | Stake | Shares |
|---|---|---|---|
| Ashokkumar Raghuram Thakker | Shareholding of Promoter and Promoter Group | 66.8% | 1.67 Cr |
| Dharmisthaben Ashokkumar Thakkar | Shareholding of Promoter and Promoter Group | 3.5% | 8,75,000 |
| Piyushkumar C Thakkar | Shareholding of Promoter and Promoter Group | 3.5% | 8,70,001 |
| Ajaykumar Jamnalal Pujara | Public Shareholding | 3.4% | 8,56,200 |
| Kevin Arvindkumar Thakkar | Public Shareholding | 1.8% | 4,38,292 |
| Maulik Arvindbhai Thakkar | Public Shareholding | 1.7% | 4,14,978 |
| Kamlesh Amrutlal Pujara | Public Shareholding | 1.6% | 4,02,000 |
| Thakkar Mayurkumar Jayantilal (huf) | Public Shareholding | 1.6% | 4,02,000 |
| Chiragkumar Jayantilal Thakkar | Public Shareholding | 1.6% | 3,89,000 |
| Nareshkumar Amratlal Pujara Huf . | Public Shareholding | 1.3% | 3,14,000 |
| Alpeshkumar Chimanbhai Patel | Shareholding of Promoter and Promoter Group | 0% | 1 |
| Ashokkumar Raghurambhai Thakker Huf . | Shareholding of Promoter and Promoter Group | 0% | 1 |
| Thakker Raghurambhai Vasr Ambhai . | Shareholding of Promoter and Promoter Group | 0% | 1 |
Promoter Pledges
| Holder | Pledged Shares | % of Holding | As of |
|---|---|---|---|
| Alpeshkumar Chimanbhai Patel | 0 | 0% | 2026-03-31 |
| Ashokkumar Raghurambhai Thakker Huf . | 0 | 0% | 2026-03-31 |
| Thakker Raghurambhai Vasr Ambhai . | 0 | 0% | 2026-03-31 |
| Piyushkumar C Thakkar | 0 | 0% | 2026-03-31 |
| Dharmisthaben Ashokkumar Thakkar | 0 | 0% | 2026-03-31 |
| Ashokkumar Raghuram Thakker | 0 | 0% | 2026-03-31 |
| Chiragkumar Jayantilal Thakkar | 0 | 0% | 2026-03-31 |
| Kamlesh Amrutlal Pujara | 0 | 0% | 2026-03-31 |
| Maulik Arvindbhai Thakkar | 0 | 0% | 2026-03-31 |
| Kevin Arvindkumar Thakkar | 0 | 0% | 2026-03-31 |
| Ajaykumar Jamnalal Pujara | 0 | 0% | 2026-03-31 |
| Nareshkumar Amratlal Pujara Huf . | 0 | 0% | 2026-03-31 |
Board of Directors
| Name | Designation | Year |
|---|---|---|
| Ashokkumar Thakker | Chairman & Managing Director | 2025 |
| Dharmishthaben Thakkar | Non Executive Director | 2025 |
| Piyush Thakkar | Executive Director | 2025 |
| Krunal Mistry | Independent Non Exe. Director | 2025 |
| Hemang K Shah | Independent Non Exe. Director | 2025 |
| Chintan Bhatt | Independent Non Exe. Director | 2025 |
| Ankita Jain | Company Sec. & Compli. Officer | 2025 |
Segments — Product
| Segment | Revenue | Share |
|---|---|---|
| Real Estate | ₹0 Cr | — |
Capital Structure (₹ Cr)
| Year | Face Value | Authorised | Issued | Paid-up |
|---|---|---|---|---|
| 2025 | ₹10 | 25 | 25 | 25 |
Related-Party Transactions (₹ Cr)
| Year | Subsidiaries | Associates | JV | KMP | Others | Total |
|---|---|---|---|---|---|---|
| 2025 | 0 | 0 | 0 | 30 | 33 | 63 |
| 2025 | 0 | 0 | 0 | 29 | 5 | 34 |
| 2025 | 0 | 0 | 0 | 1 | 0 | 1 |
Company Information
Incorporated2011
ChairmanAshokkumar Thakker
AuditorKDN & Associates LLP
Investor Email[email protected]
📍 14 JBR Arcade 2nd Floor, Nr R K Royal Hall Science City, Ahmedabad, Gujarat, 380060
Technical AnalysisPremium
Technical analysis (Premium)
Log in to see RSI, MACD, moving averages, oscillators and pivot levels for this stock.
More stocks
Prices are delayed/indicative; pros & cons are AI generated. Informational only — not investment advice. ← Back to search