MARKET EOD
NIFTY 50:23,960.60▲ +149.75 (+0.63%)
SENSEX:77,301.40▲ +886.41 (+1.16%)
BANK NIFTY:55,913.60▲ +373.55 (+0.67%)
NIFTY IT:32,061.90▼ -489.70 (-1.50%)
MCX GOLD:₹139,452.00▼ -734.00 (-0.52%)
MCX SILVER:₹179,698.00▼ -4,081.00 (-2.22%)
MCX CRUDEOIL:₹9,104.00▲ +32.00 (+0.35%)
USD/INR:₹94.8343▼ -0.9382 (-0.98%)
YT X
Advertisement • SRK Money Talk
Home › Company Intelligence › Art Nirman Limited (ARTNIRMAN)
NSE: ARTNIRMAN MID_CAP Diversified AUDITED STATUTORY SOURCE • Data as of FY24 FRESH

Art Nirman Limited

Units: ₹ Crores • Basis: Statutory Filing (Consolidated/Primary) • Reporting Period: FY24 • Source: NSE_XBRL_INDAS • Last Checked: 11 Oct 2026
FY24 Revenue ₹34.29 Cr
FY24 Net Profit ₹1.18 Cr
Reported EPS ₹0.47
Operating Margin 5.98%
Return on Equity 3.3%
ROCE 5.4%
Debt / Equity 0.08x
Net Profit Margin 3.44%
WHAT IS HAPPENING NOW • MATERIAL DEVELOPMENTS

Latest Earnings Released (Q1 FY27): Reported quarterly statutory revenue of ₹2.22 Cr with net profit of ₹-0.20 Cr (EPS: ₹-0.08).

Exchange Disclosure (2026-10-14): Certificate under SEBI (Depositories and Participants) Regulations, 2018 —

BUSINESS OVERVIEW & CORPORATE PROFILE

Official listing profile for Art Nirman Limited under Diversified.

Official listing profile for Art Nirman Limited under Diversified.

Key Offerings & Operating Lines:

Commercial & Industrial

Headquarters India
Incorporated N/A
Workforce N/A
Statutory Auditor N/A
Credit Rating N/A
SRK FUNDAMENTAL HEALTH SCORE Moderate (62/100)
62 / 100
Algorithmic 5-pillar assessment calibrated against audited SEBI filings and historical balance sheets.
Pillar Score Breakdown
Revenue & Earnings Growth 18 / 20
Profitability & Margins 5 / 20
Solvency & Capital Structure 17 / 20
Cash Flow Quality 18 / 20
Capital Allocation & Valuation 4 / 20
Key Strengths
  • + Strong YoY revenue expansion (73.9%)
  • + High net earnings expansion (972.7%)
  • + Virtually debt-free balance sheet (D/E 0.08)
  • + High earnings quality: OCF exceeds 90% of reported PAT
  • + Positive Free Cash Flow after capital expenditures
Key Vigilance Points & Risks
  • − Subdued Return on Equity below 6% (3.3%)
  • − Low Return on Capital Employed below 8% (5.4%)
Advertisement • SRK Money Talk
FINANCIAL PERFORMANCE • STATEMENT OF PROFIT & LOSS (IND-AS) Ind-AS Statutory
Multi-Year Revenue & Net Profit Trajectory (₹ Crores • Ind-AS)
₹0k₹0k₹0k₹0k₹0kRevenue: ₹20 CrNet Profit: ₹0 CrFY23Revenue: ₹34 CrNet Profit: ₹1 CrFY24RevenueNet Profit
Annual Financial Statements (₹ Crores • Ind-AS Normalized) Latest Period End: 31 Mar 2024 • Source: NSE_XBRL_INDAS
Annual Metric (₹ Cr)FY23
Mar 2023
FY24
Mar 2024
Sales / Revenue from Operations₹20₹34
Operating Expenditure₹19₹32
Operating Profit (EBITDA)₹0.97₹2.05
Operating Profit Margin (OPM %)4.92%5.98%
Other Income₹0.03₹0.35
Finance Costs / Interest₹0.21₹0.57
Depreciation & Amortization₹0.71₹0.68
Profit Before Tax (PBT)₹0.08₹1.15
Tax Expense₹-0.03₹-0.03
Net Profit (PAT)₹0.11₹1.18
Net Profit Margin (NPM %)0.56%3.44%
Basic / Diluted EPS (₹)₹0.04₹0.47
Cash from Operations (CFO)₹-7.30₹1.59
Free Cash Flow (FCF)₹-7.31₹1.58
Recent Quarterly Performance (₹ Crores • SEBI LODR Reg 33)Latest Quarter End: 30 Jun 2026 • Source: NSE_OFFICIAL_API
Quarterly Metric (₹ Cr)Q4 FY23
Mar 2023
Q4 FY24
Mar 2024
Q2 FY25
Sep 2024
Q3 FY25
Dec 2024
Q2 FY26
Sep 2025
Q3 FY26
Dec 2025
Q4 FY26
Mar 2026
Q1 FY27
Jun 2026
Sales / Revenue₹12₹13₹8.46₹4.50₹8.42₹2.59₹23₹2.22
Operating Profit (EBITDA)₹0.72₹0.79₹0.62₹0.32₹0.36₹0.07₹0.22₹-0.16
OPM %6.16%5.90%7.33%7.11%4.28%2.70%0.97%-7.21%
Profit Before Tax (PBT)₹0.36₹0.19₹0.53₹0.28₹0.36₹0.07₹0.22₹-0.16
Net Profit (PAT)₹0.39₹0.22₹0.53₹0.28₹0.36₹0.07₹0.09₹-0.20
NPM %3.34%1.64%6.26%6.22%4.28%2.70%0.40%-9.01%
Basic / Diluted EPS (₹)₹0.16₹0.09₹0.21₹0.11₹0.14₹0.03₹0.04₹-0.08
BALANCE SHEET & CASH FLOW INTELLIGENCE (₹ CRORES • AUDITED) Audited Balance Sheet
Annual Balance Sheet Strength (₹ Crores • Schedule III Ind-AS)
Balance Sheet Item (₹ Cr)FY23FY24
Equity Share Capital₹25₹25
Reserves & Surplus₹9.05₹10
Net Worth (Shareholders' Funds)₹34₹35
Total Borrowings & Debt₹0.23₹2.92
Total Balance Sheet Assets₹45₹53
Cash Flow Statement (₹ Crores • Indirect Method)
Cash Flow Item (₹ Cr)FY23FY24
Cash Flow from Operating Activities (CFO)₹-7.30₹1.59
Cash Flow from Investing Activities (CFI)₹0.25₹-1.13
Cash Flow from Financing Activities (CFF)₹2.09₹-0.18
Free Cash Flow / Net Cash Flow₹-7.31₹1.58
PROFITABILITY, RETURN & SOLVENCY RATIOS Derived from Verified Filings
Financial Ratio / Efficiency MetricFY23FY24
Operating Profit Margin (OPM)4.92%5.98%
Net Profit Margin (NPM)0.56%3.44%
Return on Equity (ROE)0.32%3.34%
Return on Capital Employed (ROCE)0.85%4.50%
Return on Assets (ROA)0.24%2.22%
Debt to Equity Ratio0.01x0.08x
Interest Coverage Ratio4.6x3.6x
CFO to Net Profit Conversion-66.36x1.35x
SHAREHOLDING INTELLIGENCE • INSTITUTIONAL FLOWS SEBI LODR Reg 31
HOLDING PATTERN
Promoter: 73.75%
FII: N/A
DII: N/A
Public: 26.25%
Pledged: 0.00%
Quarterly Shareholding Trend & Institutional Inflows
CategorySep 2026Jun 2026Mar 2026Dec 2025Sep 2025Jun 2025QoQ Shift
Promoter Holding73.75%73.75%73.75%73.75%73.75%73.75%0.00%
Foreign Institutional (FII)N/A0.00%N/AN/AN/AN/A—
Domestic Institutional (DII / MFs)N/A0.00%N/AN/AN/AN/A—
Public & Retail26.25%26.25%26.25%26.25%26.25%26.25%0.00%
Promoter Pledged Shares0.00%0.00%0.00%0.00%0.00%0.00%—
KEY MANAGEMENT & BOARD GOVERNANCE
EXECUTIVE Appointed: Feb 2011
Mr ASHOKKUMAR RAGHURAM THAKKER
Chairperson & Executive Director

DIN: 02842849 | Verified Board Member per SEBI LODR Reg 27 Corporate Governance Filing.

EXECUTIVE Appointed: Sep 2017
Mr PIYUSHKUMAR CHANDRAKANTBHAI THAKKAR
Not Applicable & Executive Director

DIN: 07555460 | Verified Board Member per SEBI LODR Reg 27 Corporate Governance Filing.

INDEPENDENT Appointed: Feb 2011
Mrs DHARMISTHABEN ASHOKKUMAR THAKKAR
Not Applicable & Non-Executive - Non Independent Director

DIN: 03423373 | Verified Board Member per SEBI LODR Reg 27 Corporate Governance Filing.

INDEPENDENT Appointed: Aug 2016
Mr KRUNAL KIRITKUMAR MISTRY
Not Applicable & Non-Executive - Independent Director

DIN: 07555458 | Verified Board Member per SEBI LODR Reg 27 Corporate Governance Filing.

INDEPENDENT Appointed: Jan 2018
Mr HEMANG KIRTIKUMAR SHAH
Not Applicable & Non-Executive - Independent Director

DIN: 08022348 | Verified Board Member per SEBI LODR Reg 27 Corporate Governance Filing.

INDEPENDENT Appointed: Aug 2021
Mr CHINTAN UMESHBHAI BHATT
Not Applicable & Non-Executive - Independent Director

DIN: 09289074 | Verified Board Member per SEBI LODR Reg 27 Corporate Governance Filing.

CORPORATE ACTIONS & DIVIDEND TRACK RECORD
Latest Dividend Paid N/A
LTM Total Dividend N/A
Dividends Recorded 0 payouts
Corporate Action Disclosures (Dividends, Bonus & Splits)
TypeEx-DateRecord DateAmount / RatioDescription
CORPORATE_ACTION2024-09-19N/AN/AAnnual General Meeting
CORPORATE_ACTION2023-09-18N/AN/AAnnual General Meeting
CORPORATE_ACTION2022-09-21N/AN/AAnnual General Meeting
REGULATORY FILINGS & EXCHANGE DISCLOSURES
Certificate under SEBI (Depositories and Participants) Regulatio 14 Oct 2026, 12:00 AM • NSE_OFFICIAL_API
Certificate under SEBI (Depositories and Participants) Regulations, 2018

SHAREHOLDERS MEETING 28 Sep 2026, 04:44 PM • NSE_OFFICIAL_API
Shareholders meeting — Art Nirman Limited has submitted the Exchange a copy Srutinizers report of Annual General Meeting held on September 26, 2026. Further, the company has informed the Exchange regarding voting results.

Art Nirman Limited has submitted the Exchange a copy Srutinizers report of Annual General Meeting held on September 26, 2026. Further, the company has informed the Exchange regarding voting results.

Shareholders meeting 28 Sep 2026, 12:00 AM • NSE_OFFICIAL_API
Shareholders meeting

SHAREHOLDERS MEETING 26 Sep 2026, 06:49 PM • NSE_OFFICIAL_API
Shareholders meeting — Art Nirman Limited has informed the Exchange regarding Proceedings of Annual General Meeting held on September 26, 2026

Art Nirman Limited has informed the Exchange regarding Proceedings of Annual General Meeting held on September 26, 2026

Shareholders meeting 26 Sep 2026, 12:00 AM • NSE_OFFICIAL_API
Shareholders meeting

TRADING WINDOW 23 Sep 2026, 05:24 PM • NSE_OFFICIAL_API
Trading Window — Art Nirman Limited has informed the Exchange regarding the Trading Window closure pursuant to SEBI (Prohibition of Insider Trading) Regulations, 2015

Art Nirman Limited has informed the Exchange regarding the Trading Window closure pursuant to SEBI (Prohibition of Insider Trading) Regulations, 2015

Trading Window 23 Sep 2026, 12:00 AM • NSE_OFFICIAL_API
Trading Window

REPLY TO CLARIFICATION- FINANCIAL RESULTS 15 Sep 2026, 05:03 PM • NSE_OFFICIAL_API
Reply to Clarification- Financial results — The Exchange had sought clarification from Art Nirman Limited for the quarter ended 30-Jun-2026 with respect to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 201

The Exchange had sought clarification from Art Nirman Limited for the quarter ended 30-Jun-2026 with respect to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. On basis of above the Company was required to clarify the following: The response of the Company is enclosed.

UNIFIED CORPORATE CHRONOLOGICAL TIMELINE
2026-10-14 Certificate under SEBI (Depositories and Participants) Regulatio • NSE_OFFICIAL_API
Certificate under SEBI (Depositories and Participants) Regulations, 2018

2026-09-30 SHAREHOLDING_FILING • NSE_OFFICIAL_API
Shareholding Pattern Filed: Q2 FY27

Quarterly distribution: Promoter 73.75% | FII N/A | DII N/A | Public 26.25%.

2026-09-28 Shareholders meeting • NSE_OFFICIAL_API
Shareholders meeting

2026-09-28 SHAREHOLDERS MEETING • NSE_OFFICIAL_API
Shareholders meeting — Art Nirman Limited has submitted the Exchange a copy Srutinizers report of Annual General Meeting held on September 26, 2026. Further, the company has informed the Exchange regarding voting results.

Art Nirman Limited has submitted the Exchange a copy Srutinizers report of Annual General Meeting held on September 26, 2026. Further, the company has informed the Exchange regarding voting results.

2026-09-26 Shareholders meeting • NSE_OFFICIAL_API
Shareholders meeting

2026-09-26 SHAREHOLDERS MEETING • NSE_OFFICIAL_API
Shareholders meeting — Art Nirman Limited has informed the Exchange regarding Proceedings of Annual General Meeting held on September 26, 2026

Art Nirman Limited has informed the Exchange regarding Proceedings of Annual General Meeting held on September 26, 2026

2026-09-23 Trading Window • NSE_OFFICIAL_API
Trading Window

2026-09-23 TRADING WINDOW • NSE_OFFICIAL_API
Trading Window — Art Nirman Limited has informed the Exchange regarding the Trading Window closure pursuant to SEBI (Prohibition of Insider Trading) Regulations, 2015

Art Nirman Limited has informed the Exchange regarding the Trading Window closure pursuant to SEBI (Prohibition of Insider Trading) Regulations, 2015

2026-09-15 Reply to Clarification- Financial results • NSE_OFFICIAL_API
Reply to Clarification- Financial results

2026-09-15 REPLY TO CLARIFICATION- FINANCIAL RESULTS • NSE_OFFICIAL_API
Reply to Clarification- Financial results — The Exchange had sought clarification from Art Nirman Limited for the quarter ended 30-Jun-2026 with respect to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 201

The Exchange had sought clarification from Art Nirman Limited for the quarter ended 30-Jun-2026 with respect to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. On basis of above the Company was required to clarify the following: The response of the Company is enclosed.

2026-09-07 Copy of Newspaper Publication • NSE_OFFICIAL_API
Copy of Newspaper Publication

2026-09-07 COPY OF NEWSPAPER PUBLICATION • NSE_OFFICIAL_API
Copy of Newspaper Publication — Art Nirman Limited has informed the Exchange about Copy of Newspaper Publication

Art Nirman Limited has informed the Exchange about Copy of Newspaper Publication

STATUTORY SOURCE PROVENANCE & VERIFICATION AUDIT TRAIL
NSE Official Quote (ARTNIRMAN) ↗

Every financial metric, balance-sheet balance, and shareholding breakdown displayed on this dossier is grounded in primary statutory filings submitted to Indian stock exchanges (SEBI LODR Regulations 31, 33, and 47). No data is manufactured, estimated, or interpolated.

Data Domain Reporting Period Statutory Source Ingestion Date Status Provenance Hash
financials_quarterly Q1 FY27 NSE_OFFICIAL_API 03 Nov 2026, 12:05 VERIFIED 9a240e861e0a...
financials_quarterly Q1 FY27 NSE_OFFICIAL_API 31 Oct 2026, 09:06 VERIFIED 9a240e861e0a...
financials_quarterly Q1 FY27 NSE_OFFICIAL_API 28 Oct 2026, 08:14 VERIFIED 9a240e861e0a...
financials_quarterly Q1 FY27 NSE_OFFICIAL_API 25 Oct 2026, 14:45 VERIFIED 01c27f3648dd...
financials_quarterly Q1 FY27 NSE_OFFICIAL_API 21 Oct 2026, 19:45 VERIFIED 01c27f3648dd...
financials_quarterly Q1 FY27 NSE_OFFICIAL_API 17 Oct 2026, 08:45 VERIFIED bc4aa731d4b4...
financials_quarterly Q1 FY27 NSE_OFFICIAL_API 12 Oct 2026, 18:42 VERIFIED 251df8bb1e4f...

DATA SOURCES, STATUTORY DISCLOSURES & METHODOLOGY

All corporate identifiers, listed equity data, shareholding patterns, and financial statements are extracted from official regulatory authorities: National Stock Exchange of India (NSE), BSE Limited, and Ministry of Corporate Affairs (MCA) via audited XBRL Ind-AS submissions under the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (Regulations 31, 33, and 47). Data is ingested and archived on official end-of-day (EOD) schedules with immutable provenance tracking.

Zero-Fabrication Policy: SRK Money Talk strictly enforces authentic data integrity. No financial values, debt levels, cash flows, or quarterly earnings are ever mathematically synthesized, interpolated, or fabricated. When statutory disclosures have not yet been filed or ingested, fields are strictly labeled as N/A or NOT_YET_AVAILABLE.

Statutory Disclaimer: The SRK Fundamental Health Score is a quantitative diagnostic algorithm based exclusively on historical audited filings and does not constitute an investment recommendation or financial advisory. Always consult a SEBI-registered investment adviser before making capital allocation decisions.