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The BSE, founded in 1875, is Asia's oldest stock exchange — it started under a banyan tree on Dalal Street, where the bronze bull stands today.
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The BSE, founded in 1875, is Asia's oldest stock exchange — it started under a banyan tree on Dalal Street, where the bronze bull stands today.
The BSE, founded in 1875, is Asia's oldest stock exchange — it started under a banyan tree on Dalal Street, where the bronze bull stands today.
Art Nirman Limited is an India-based company engaged in the business of real estate development and allied activities. It is involved in constructing residential and commercial complexes, with operations across the real estate business, from residential, commercial, and…
Weekly engine runs — movement reflects the numbers, not analyst opinion.
A weak, fast-growing business, fully valued — but flagged on governance.
ART NIRMAN LIMITED is scored on the general / industrial framework. It keeps a thin 1.6% of every rupee of sales as net profit. Cash conversion lags the reported profit (CFO/PAT -90.96×) — worth a closer look. Free cash flow is worth about -52.3% of its market value.
Over the last 3 years revenue compounded at 19%/yr and profit at 68%/yr. Book value has grown 3%/yr. Return on equity is a weak -0.3%. In the latest quarter profit fell 322% versus the prior quarter.
At 176× earnings, the stock sits at the 77th percentile of its own 2.6-year range — the expensive end of where it has historically traded. Today's price already implies ~44%/yr earnings growth sustained for a decade — a demanding bar. The forensic screen raises 2 red flags: Only ₹-17.48 of cash per ₹1 profit over 4 years — earnings not converting to cash; 55% of pre-tax profit is other income, not operations.
A plain-English restatement of the figures on this page — rules-based, for education and research context, not investment advice or a recommendation.
| Ratio | Company | Sector | Read |
|---|---|---|---|
| P/E | 231 | 39.49 | worse |
| P/B | 2.48 | 5.74 | better |
| EV/EBITDA | 40.8 | 92.09 | better |
| ROE | -0.3 | 6.31 | worse |
| ROCE | 2.4 | 4.01 | worse |
| ROA | -0.08 | 1.24 | worse |
| Quick Ratio | 2.03 | — | — |
| Peer | P/E | P/B | ROE |
|---|---|---|---|
| DLF | 40.7 | 4.1 | 10.0% |
| Macrotech Developers | 27.3 | 4.8 | 17.2% |
| The Phoenix Mills | 45.8 | 8.4 | 14.3% |
19% CAGR over 3 years — steady double-digit compounder. Growth is accelerating — latest year outpaced the prior year's rate.
Profit is on a 2-year growth streak. Profit is growing faster than revenue (68% vs 19%) — margin expansion is at work. The latest year saw a -74% swing — check if it's a one-off or structural.
Operating margin has expanded from 0% to 2% — the business is keeping more of each rupee earned.
ROE at 1% — modest; the capital isn't working hard. Low variance across years — a predictable business that earns steadily on its equity base.
EPS dropped in the latest year despite possible profit changes — dilution or a profit dip could be at play. EPS outpaced profit growth — possible buybacks are concentrating earnings into fewer shares. 74% EPS CAGR — this is the rate at which each share's claim on earnings is compounding.
3 of 4 years had negative operating cash flow — profitability on paper may not translate to cash.
When operating cash keeps pace with reported profit, earnings are cash-backed; a persistent shortfall is a quality flag.
Revenue fell 90% QoQ — could be seasonality or a genuine slowdown. Wide quarterly swings (90% spread) — likely seasonality, lumpy orders, or project-based revenue. Run-rate stepping up — recent quarters average 164% above earlier ones.
1 of 4 quarters loss-making — quarterly profitability is uneven. Profit fell 322% QoQ — one-quarter drops can be noise, but a pattern matters. Quarterly margins are compressing (6% → -9%) — more revenue isn't translating to proportionally more profit.
How today's P/E compares to the stock's own historical range. Dashed line = the 2.6y median.
Promoters hold 73.8% — heavily owner-operated with strong skin in the game.
Produced by a rules-based engine over licensed exchange fundamentals — every sentence above is derived from the numbers shown, no analyst or AI opinion involved. Education and research context, not investment advice. We are not SEBI-registered as an Investment Adviser or Research Analyst.