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NSE:ARTNIRMAN

ART NIRMAN LIMITED

Realty › Realty
₹39.30
at close · 28 Oct 2026
▲ 1.53 (+4.05%)

Latest filings

Next results: Thu, 5 Nov · Financial Results/Other business matters
  1. Quarterly certificate for dematerialisation of shares filed with NSE · Compliance
  2. Art Nirman AGM 2026 results: all 8 resolutions passed by shareholders · Compliance
  3. Art Nirman AGM held on Sept 26, 2026 - 8 resolutions voted upon · Board & Shareholder Meetings
All filings ↓
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Snapshot

What the business is, and whether it's a good one at a fair price.

AI · written from filings

A Gujarat-based real estate developer listed on NSE, working on residential and commercial projects, earns its entire revenue from a single segment — real estate development in India. FY26 revenue stood at ₹33.24 crore. The business is building up its project pipeline and in October 2025 the board approved a large term loan facility from Kotak Mahindra Investments, secured by a charge on company assets. Construction materials are the largest operating input at 43.5% of revenue, while finance costs nearly tripled to ₹418.76 Lakhs and the company posted negative operating cash flow of ₹730.11 Lakhs in FY26, showing that working-capital and borrowing costs are the main pressures on the business. Net profit for FY26 was ₹0.52 crore. End customers are buyers of the residential and commercial units the company develops and sells.

Operating scale
Total assets
₹142.37 croreFY26
Inventories (project pipeline)
₹7,540.64 LakhsFY26
Term loan facility sanctioned
₹130 croreOct 2025
Promoter shareholding
1,84,04,000 equity sharesFY26
Who pays it
Buyers of residential and commercial property units the company develops and sells
Biggest cost
Construction materials (43.5% of revenue)
Kind of business
Small, single-segment, capital-intensive real estate developer
Where it sits
Gujarat-based residential and commercial real estate developer listed on NSE
Market Cap
₹98 Cr
P / E (TTM)
245.6×
EV / EBITDA
32.1×
Div Yield
—
Growth
—·
Revenue 5y CAGR
PAT — · EBITDA —
Quality
4.3%·
ROCE (FY26)
ROE 1.4% · margin 16.0%
Leverage
1.96·
Debt / Equity · high
Net debt ₹70 Cr
Revenue FY22→FY26
0.9×▼
Margin +31.4 pts
₹37 Cr → ₹33 Cr
Moves on a normal day
2.07%·
Median daily move
Last 257 sessions · the yardstick for filing-day moves
Where it sits among 66 Residential Commercial Projects peersBar = share of peers beaten · tick = industry median · latest reported figures
P/E (TTM)#56/57
P/B#44/64
ROCE#55/66
ROE#55/64
Debt / Equity#62/64
EBITDA margin#58/66
Revenue growth#22/67
Profit growth#64/66

Scorecard

Measured from the filed financials, judged against its Residential Commercial Projects peers · as of FY26 — not investment advice

Strengths
Nothing stands out in the filed numbers.
Concerns
Returns on capital 4.3%
#55 of 66 in Residential Commercial Projects on the latest reported figures
Carries more debt than its peers — 1.96× equity
higher than 97% of its 64 Residential Commercial Projects peers
Heavy working capital — 767 days of cash tied up

Charts

How has the market priced it — with filings on the timeline?

ARTNIRMAN · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Peers

How does it stack up on valuation, returns and growth?

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Financials

Quarterly & annual P&L, balance sheet, cash flow, ratios and segments.

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Ownership

Who owns it — and is the promoter stake clean?

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Common questions

Answered from ART NIRMAN LIMITED's filed financials and exchange disclosures

What does ART NIRMAN LIMITED do?

ART NIRMAN LIMITED is a Realty company listed on NSE, trading under the symbol ARTNIRMAN.

Is ART NIRMAN LIMITED profitable?

Yes. Over the trailing twelve months ART NIRMAN LIMITED reported a net profit of ₹0.40 Cr on revenue of ₹34 Cr.

Does ART NIRMAN LIMITED pay a dividend?

Not in the latest reported year — ART NIRMAN LIMITED's dividend payout for FY26 was nil.

Is ART NIRMAN LIMITED debt-free?

No. It reported borrowings of ₹73 Cr on its 31 Mar 2026 balance sheet, or net debt of ₹70 Cr after cash. Debt stands at 1.96× equity. That is higher than 97% of its 64 Residential Commercial Projects peers.

Is ART NIRMAN LIMITED expensive compared with its peers?

On trailing P/E, ART NIRMAN LIMITED ranks 56 of 57 in Residential Commercial Projects — cheaper than 2% of them, against an industry median of 20.5×. This is a position, not a valuation judgement.

How much does the ART NIRMAN LIMITED share price move in a day?

On a typical session ART NIRMAN LIMITED moves 2.07% — that is the median absolute close-to-close move across its last 257 trading days. MarketPing measures each filing's price reaction against it.

When are ART NIRMAN LIMITED's next results?

Financial Results/Other business matters on Thu, 5 Nov. MarketPing alerts you on WhatsApp the moment the filing lands.

Where can I track ART NIRMAN LIMITED's announcements?

Every NSE and BSE filing by ART NIRMAN LIMITED appears on this page, AI-summarised, alongside the price reaction that followed it. Follow the company to get each new filing on WhatsApp within minutes.

Figures are as last reported and may lag the latest filing. Not investment advice.