Art Nirman Limited · CashKonnect

About

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.

Key Metrics

as of Sep 2026

Market Cap101 Cr

P/E260.00

Div Yield0.00 %

Book Value₹14.90

52w High₹67.00

52w Low₹29.40

Face Value₹10.00

Quarterly Results

Rs. Crores · hover row for definition

Metric	Jun 2026	Mar 2026	Dec 2025	Sep 2025	Jun 2025	Mar 2025	Dec 2024	Sep 2024	Jun 2024	Mar 2024	Dec 2023	Sep 2023	Jun 2023
Sales	2.11	22.48	2.50	6.75	1.50	8.92	4.50	8.46	5.50	13.38	3.75	11.95	5.22
Expenses	2.19	18.98	2.37	5.40	1.52	7.10	4.18	7.83	4.99	12.59	3.52	11.14	5.01
Operating Profit	-0.08	3.50	0.13	1.35	-0.02	1.82	0.32	0.63	0.51	0.79	0.23	0.81	0.21
OPM %	-3.79	15.57	5.20	20.00	-1.33	20.40	7.11	7.45	9.27	5.90	6.13	6.78	4.02
Other Income	0.11	0.10	0.09	0.05	0.12	0.09	0.14	0.09	0.08	0.12	0.02	0.03	0.16
Depreciation	0.15	0.10	0.11	0.12	0.14	0.09	0.16	0.16	0.16	0.16	0.17	0.17	0.17
Interest	0.04	3.28	0.04	0.84	0.03	1.07	0.02	0.02	0.02	0.56	0.00	0.00	0.01
Profit before tax	-0.16	0.22	0.07	0.44	-0.07	0.75	0.28	0.54	0.41	0.19	0.08	0.67	0.19
Tax %	25.00	59.09	0.00	0.00	0.00	-4.00	0.00	0.00	0.00	-15.79	0.00	0.00	0.00
Net Profit	-0.20	0.09	0.07	0.43	-0.07	0.77	0.28	0.53	0.41	0.22	0.08	0.67	0.19
EPS in Rs	-0.08	0.04	0.03	0.17	-0.03	0.31	0.11	0.21	0.16	0.09	0.03	0.27	0.08

Profit & Loss

Annual · Rs. Crores

Metric	Mar 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015
Sales	33.24	27.39	34.29	19.72	36.83	81.13	62.12	18.89	34.51	25.46	24.31	0.00
Expenses	28.28	24.11	32.25	18.75	46.74	78.54	53.77	8.91	27.02	24.28	23.04	-0.96
Operating Profit	4.96	3.28	2.04	0.97	-9.91	2.59	8.35	9.98	7.49	1.18	1.27	0.96
OPM %	14.92	11.98	5.95	4.92	-26.91	3.19	13.44	52.83	21.70	4.63	5.22	—
Other Income	0.36	0.40	0.35	0.03	0.06	0.14	0.11	0.62	0.47	0.26	0.02	0.01
Interest	4.19	1.13	0.57	0.21	0.45	1.99	6.47	7.99	5.54	0.41	0.47	0.89
Depreciation	0.48	0.58	0.68	0.71	0.71	0.73	0.75	0.76	0.82	0.34	0.09	0.08
Profit before tax	0.65	1.97	1.14	0.08	-11.01	0.01	1.24	1.85	1.60	0.69	0.73	0.00
Tax %	20.00	-1.52	-2.63	-37.50	-0.09	-100.00	33.87	29.19	30.00	47.83	30.14	—
Net Profit	0.52	1.99	1.18	0.11	-11.00	0.02	0.82	1.32	1.12	0.37	0.51	0.02
EPS in Rs	0.21	0.80	0.47	0.04	-4.41	0.01	0.33	1.08	1.47	0.49	1.28	20.00
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

Balance Sheet

Annual · Rs. Crores — latest first

Metric	Mar 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015
Equity Capital	24.96	24.96	24.96	24.96	24.96	24.96	24.96	12.18	7.60	7.60	4.00	0.01
Reserves	12.28	12.33	10.34	9.16	9.05	20.04	20.02	16.65	7.40	6.28	0.51	0.03
Borrowings	72.96	18.06	2.92	2.53	0.23	4.95	33.76	50.13	62.17	17.85	2.14	12.15
Other Liabilities	32.17	13.46	14.96	15.23	10.74	13.26	59.38	75.44	33.69	43.06	11.52	11.93
Total Liabilities	142.37	68.81	53.18	51.88	44.98	63.21	138.12	154.40	110.86	74.79	18.17	24.12
Fixed Assets	4.11	4.56	5.11	5.78	6.48	7.18	7.87	8.62	9.16	9.72	0.71	0.61
CWIP	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Investments	0.00	0.00	0.00	0.00	0.32	0.34	0.32	0.30	0.00	0.00	0.00	0.00
Other Assets	138.26	64.25	48.07	46.10	38.18	55.69	129.93	145.48	101.70	65.07	17.46	23.51
Total Assets	142.37	68.81	53.18	51.88	44.98	63.21	138.12	154.40	110.86	74.79	18.17	24.12

Cash Flows

Annual · Rs. Crores — latest first

Metric	Mar 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015
Cash from Operating Activity	-47.30	-13.41	1.59	-7.30	9.30	19.81	-7.21	23.44	-13.80	-41.40	1.76	0.13
Cash from Investing Activity	-0.92	-0.42	-1.13	0.25	-0.06	0.19	0.36	0.46	0.28	-9.10	-0.21	-0.01
Cash from Financing Activity	50.72	13.45	-0.18	2.09	-5.17	-20.55	6.35	-23.47	12.77	52.68	-1.36	0.06
Net Cash Flow	2.50	-0.38	0.28	-4.96	4.06	-0.56	-0.50	0.43	-0.75	2.18	0.20	0.18
Free Cash Flow	-47.33	-13.44	1.62	-7.31	9.29	19.78	-7.22	23.30	-14.06	-50.75	1.55	0.11
CFO/OP %	-954.00	-409.00	78.00	-753.00	-94.00	764.00	-82.00	240.00	-179.00	-3,488.00	155.00	14.00

Ratios

Annual · Days / % — latest first

Metric	Mar 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015
Debtor Days	212.48	33.18	35.34	425.90	177.99	63.57	122.80	470.50	200.74	109.10	0.00	—
Inventory Days	—	—	356.24	581.00	82.59	168.71	1,108.74	—	2,907.50	1,255.58	342.64	—
Days Payable	—	—	125.95	272.84	15.86	17.78	104.99	—	380.83	215.31	21.05	—
Cash Conversion Cycle	212.48	33.18	265.63	734.05	244.73	214.50	1,126.55	470.50	2,727.41	1,149.36	321.59	—
Working Capital Days	1,097.85	646.18	322.32	641.16	269.66	206.46	371.35	935.20	605.72	672.66	129.27	—
ROCE %	5.85	6.63	4.57	0.82	-25.09	3.11	9.78	12.60	13.11	5.73	12.74	9.72

Shareholding Pattern

% holding — latest first

Holder	Jun 2026	Mar 2026	Dec 2025	Sep 2025	Jun 2025	Mar 2025	Dec 2024	Sep 2024	Jun 2024	Mar 2024	Dec 2023	Sep 2023
Promoters	73.75	73.75	73.75	73.75	73.75	73.75	73.75	73.75	73.75	73.75	73.75	73.75
Public	26.25	26.25	26.25	26.25	26.25	26.25	26.25	26.25	26.25	26.25	26.25	26.25
No. of Shareholders	3,084	3,118	3,186	3,260	3,378	3,285	3,446	2,861	2,673	2,673	2,959	2,966

Corporate Actions

3 records

Action	Ex Date	Record Date	Ratio	Amount (₹)	Notes
Other	19 Sep 2024	—	—	—	Annual General Meeting
Other	18 Sep 2023	—	—	—	Annual General Meeting
Other	21 Sep 2022	—	—	—	Annual General Meeting

Announcements

5 filings

Shareholders meeting
05 Sep 2026 5 Sep - 15th AGM on 26 Sept 2026; FY26 annual report shows revenue 3,359.71 lakh and PAT 51.99 lakh.
Updates
05 Sep 2026 5 Sep - AGM scheduled for 26 September 2026; annual report FY 2025-26 link sent to non-registered email shareholders.
Clarification - Financial Results
31 Aug 2026 31 Aug - Exchange has sought clarification from Art Nirman Limited for the quarter ended 30-Jun-2026 with respect to Regulation 33 of the SEBI (LODR) Regulations, 2015. On …
Copy of Newspaper Publication
15 Aug 2026 15 Aug - Submitted newspaper advertisements for financial results in English and Gujarati newspapers on 15.08.2026.
Outcome of Board Meeting
14 Aug 2026 14 Aug - Board approved Q1 FY2026-27 unaudited standalone results; revenue was Rs 211.49 lakh.

Annual Reports

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