Reported Earnings • May 28
Full year 2026 earnings released: EPS: ₹7.29 (vs ₹10.21 in FY 2025) Full year 2026 results: EPS: ₹7.29 (down from ₹10.21 in FY 2025). Revenue: ₹361.4m (up 20% from FY 2025). Net income: ₹52.3m (down 30% from FY 2025). Profit margin: 14% (down from 25% in FY 2025). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 3% per year whereas the company’s share price has increased by 4% per year. Aankondiging • May 15
Artefact Projects Limited to Report Q4, 2026 Results on May 27, 2026 Artefact Projects Limited announced that they will report Q4, 2026 results on May 27, 2026 Reported Earnings • Feb 12
Third quarter 2026 earnings released: EPS: ₹2.31 (vs ₹1.71 in 3Q 2025) Third quarter 2026 results: EPS: ₹2.31 (up from ₹1.71 in 3Q 2025). Revenue: ₹78.7m (up 7.4% from 3Q 2025). Net income: ₹16.8m (up 35% from 3Q 2025). Profit margin: 21% (up from 17% in 3Q 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 9% per year whereas the company’s share price has increased by 14% per year. Aankondiging • Jan 30
Artefact Projects Limited to Report Q3, 2026 Results on Feb 11, 2026 Artefact Projects Limited announced that they will report Q3, 2026 results on Feb 11, 2026 Reported Earnings • Nov 15
Second quarter 2026 earnings released: EPS: ₹2.30 (vs ₹2.44 in 2Q 2025) Second quarter 2026 results: EPS: ₹2.30 (down from ₹2.44 in 2Q 2025). Revenue: ₹89.7m (up 31% from 2Q 2025). Net income: ₹16.7m (down 6.0% from 2Q 2025). Profit margin: 19% (down from 26% in 2Q 2025). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 11% per year whereas the company’s share price has increased by 7% per year. Aankondiging • Nov 05
Artefact Projects Limited to Report Q2, 2026 Results on Nov 13, 2025 Artefact Projects Limited announced that they will report Q2, 2026 results on Nov 13, 2025 New Risk • Oct 23
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 6.8% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Market cap is less than US$10m (₹479.6m market cap, or US$5.46m). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (6.8% average weekly change). Revenue is less than US$5m (₹291m revenue, or US$3.3m). Upcoming Dividend • Sep 05
Upcoming dividend of ₹0.50 per share Eligible shareholders must have bought the stock before 12 September 2025. Payment date: 25 October 2025. Payout ratio is a comfortable 4.9% but the company is not cash flow positive. Trailing yield: 0.7%. Lower than top quartile of Indian dividend payers (1.3%). In line with average of industry peers (0.8%). Aankondiging • Sep 01
Artefact Projects Limited, Annual General Meeting, Sep 25, 2025 Artefact Projects Limited, Annual General Meeting, Sep 25, 2025, at 11:30 Indian Standard Time. Location: block no. 105, 3 floor, artefact, towers, chhatrapati square, nagpur-, nagpur - 440015, nagpur India Valuation Update With 7 Day Price Move • Aug 20
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to ₹68.00, the stock trades at a trailing P/E ratio of 7.1x. Average trailing P/E is 20x in the Construction industry in India. Total loss to shareholders of 1.0% over the past three years. Reported Earnings • Aug 15
First quarter 2026 earnings released: EPS: ₹1.40 (vs ₹1.97 in 1Q 2025) First quarter 2026 results: EPS: ₹1.40 (down from ₹1.97 in 1Q 2025). Revenue: ₹22.1m (down 29% from 1Q 2025). Net income: ₹10.2m (down 29% from 1Q 2025). Profit margin: 46% (in line with 1Q 2025). Over the last 3 years on average, earnings per share has increased by 11% per year whereas the company’s share price has increased by 7% per year. New Risk • Aug 14
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Indian stocks, typically moving 8.3% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (8.3% average weekly change). High level of non-cash earnings (39% accrual ratio). Market cap is less than US$10m (₹511.6m market cap, or US$5.84m). Minor Risks Paying a dividend despite having no free cash flows. Revenue is less than US$5m (₹300m revenue, or US$3.4m). Aankondiging • Aug 06
Artefact Projects Limited to Report Q1, 2026 Results on Aug 13, 2025 Artefact Projects Limited announced that they will report Q1, 2026 results on Aug 13, 2025 New Risk • Jun 04
New minor risk - Dividend sustainability The dividend is not well covered by cash flows. The company is paying a dividend despite having no free cash flows. Dividend yield: 0.7% This is considered a minor risk. Dividends are ultimately paid out of the company's available cash reserves. Companies that pay out too much of their cash flow are at risk of having to reduce or cut their dividend in future. If cash flow growth slows or cash flows fall, then there may not be enough cash reserves to maintain the same dividend. Or in extreme cases, companies may opt to take on debt to maintain the dividend. This risk is mitigated by the fact the dividend is covered by earnings, however, cash flows are generally more important. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risks High level of non-cash earnings (39% accrual ratio). Market cap is less than US$10m (₹534.9m market cap, or US$6.23m). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (8.8% average weekly change). Revenue is less than US$5m (₹300m revenue, or US$3.5m). New Risk • May 28
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 9.0% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks High level of non-cash earnings (39% accrual ratio). Market cap is less than US$10m (₹568.5m market cap, or US$6.66m). Minor Risks Share price has been volatile over the past 3 months (9.0% average weekly change). Revenue is less than US$5m (₹339m revenue, or US$4.0m). Reported Earnings • May 28
Full year 2025 earnings released: EPS: ₹10.23 (vs ₹7.33 in FY 2024) Full year 2025 results: EPS: ₹10.23 (up from ₹7.33 in FY 2024). Revenue: ₹339.2m (up 40% from FY 2024). Net income: ₹74.3m (up 42% from FY 2024). Profit margin: 22% (in line with FY 2024). Over the last 3 years on average, earnings per share has increased by 12% per year whereas the company’s share price has increased by 14% per year. Aankondiging • May 27
Artefact Projects Limited Proposes Final Dividend for the Financial Year 2024-25 Artefact Projects Limited at its board meeting held on 27 May 2025, recommended final dividend @ 5% i.e. INR 0.50 per share, subject to approval of the members of the Company at the ensuing 37 Annual General Meeting (AGM). The Board of Directors has considered and recommended final dividend @5%.e. INR 0.50 per equity share (face value of INR 10/- per equity share) for the financial year 2024-25 amounting to INR 3.637 million, Subject to approval of the shareholders of the Company at the ensuing Annual General Meeting (AGM). The payment of dividend will be completed within 30 days of its approval and declaration at the ensuing AGM. Aankondiging • May 13
Artefact Projects Limited to Report Q4, 2025 Results on May 27, 2025 Artefact Projects Limited announced that they will report Q4, 2025 results on May 27, 2025 Reported Earnings • Feb 08
Third quarter 2025 earnings released: EPS: ₹1.71 (vs ₹1.46 in 3Q 2024) Third quarter 2025 results: EPS: ₹1.71 (up from ₹1.46 in 3Q 2024). Revenue: ₹75.9m (up 13% from 3Q 2024). Net income: ₹12.4m (up 22% from 3Q 2024). Profit margin: 16% (up from 15% in 3Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Aankondiging • Jan 29
Artefact Projects Limited to Report Q3, 2025 Results on Feb 07, 2025 Artefact Projects Limited announced that they will report Q3, 2025 results on Feb 07, 2025 New Risk • Nov 18
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 22% Last year net profit margin: 32% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risk Market cap is less than US$10m (₹543.7m market cap, or US$6.44m). Minor Risks Profit margins are more than 30% lower than last year (22% net profit margin). Revenue is less than US$5m (₹238m revenue, or US$2.8m). Reported Earnings • Nov 18
Second quarter 2025 earnings released: EPS: ₹2.44 (vs ₹2.63 in 2Q 2024) Second quarter 2025 results: EPS: ₹2.44 (down from ₹2.63 in 2Q 2024). Revenue: ₹80.9m (up 26% from 2Q 2024). Net income: ₹17.8m (down 7.2% from 2Q 2024). Profit margin: 22% (down from 30% in 2Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth. Aankondiging • Nov 06
Artefact Projects Limited to Report Q2, 2025 Results on Nov 13, 2024 Artefact Projects Limited announced that they will report Q2, 2025 results on Nov 13, 2024 Aankondiging • Sep 27
Artefact Projects Limited Announces Regularisation of Mrs. Priti Kumar Agrawal as an Independent Director Artefact Projects Limited announced Regularisation of Mrs. Priti Kumar Agrawal as an Independent Director of the company, at the AGM held on September 27, 2024. Aankondiging • Sep 04
Artefact Projects Limited, Annual General Meeting, Sep 27, 2024 Artefact Projects Limited, Annual General Meeting, Sep 27, 2024, at 11:00 Indian Standard Time. Location: block no. 105, 3 floor, artefact, towers, chhatrapati square, nagpur-, nagpur - 440015, nagpur India Reported Earnings • Aug 14
First quarter 2025 earnings released: EPS: ₹1.97 (vs ₹1.75 in 1Q 2024) First quarter 2025 results: EPS: ₹1.97 (up from ₹1.75 in 1Q 2024). Revenue: ₹43.4m (up 2.5% from 1Q 2024). Net income: ₹14.4m (up 13% from 1Q 2024). Profit margin: 33% (up from 30% in 1Q 2024). The increase in margin was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 19% per year and the company’s share price has also increased by 19% per year. Aankondiging • Aug 05
Artefact Projects Limited to Report Q1, 2025 Results on Aug 13, 2024 Artefact Projects Limited announced that they will report Q1, 2025 results on Aug 13, 2024 Valuation Update With 7 Day Price Move • Jun 11
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹74.11, the stock trades at a trailing P/E ratio of 10.3x. Average trailing P/E is 26x in the Construction industry in India. Total returns to shareholders of 82% over the past three years. Reported Earnings • May 22
Full year 2024 earnings released: EPS: ₹7.33 (vs ₹7.61 in FY 2023) Full year 2024 results: EPS: ₹7.33 (down from ₹7.61 in FY 2023). Revenue: ₹285.4m (up 57% from FY 2023). Net income: ₹52.3m (down 2.1% from FY 2023). Profit margin: 18% (down from 29% in FY 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has increased by 31% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Mar 13
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to ₹76.23, the stock trades at a trailing P/E ratio of 8.6x. Average trailing P/E is 26x in the Construction industry in India. Total returns to shareholders of 119% over the past three years. Aankondiging • Feb 08
Artefact Projects Limited Approves Appointment of Anandkumar Jain as Company Secretary and Compliance Officer Artefact Projects Limited approved the Appointment of Mr. Anandkumar Jain as a Company Secretary & Compliance Officer of the Company with effect from 08 February, 2024. Brief Profile: Mr. Anandkumar Jain is a Member of the Institute of Company Secretaries of India (ICSI). He has work experience of 05 years in the field of secretarial and legal matters, corporate laws, SEBI compliances, RBI/FEMA compliances and - liasoning with the Government Authorities. Aankondiging • Jan 24
Artefact Projects Limited to Report Q3, 2024 Results on Feb 01, 2024 Artefact Projects Limited announced that they will report Q3, 2024 results on Feb 01, 2024 Valuation Update With 7 Day Price Move • Jan 12
Investor sentiment improves as stock rises 25% After last week's 25% share price gain to ₹106, the stock trades at a trailing P/E ratio of 11.9x. Average trailing P/E is 26x in the Construction industry in India. Total returns to shareholders of 193% over the past three years. Valuation Update With 7 Day Price Move • Dec 26
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ₹74.68, the stock trades at a trailing P/E ratio of 8.4x. Average trailing P/E is 24x in the Construction industry in India. Total returns to shareholders of 91% over the past three years. Aankondiging • Nov 26
Artefact Projects Limited Announces the Resignation of Mrs. Snehal Jaiswal as Company Secretary & Compliance Officer Artefact Projects Limited announced the resignation of Mrs. snehal Jaiswal as company secretary & compliance officer With effect from the cl osure of working hours of November 25, 2023. Board Change • Nov 15
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 2 highly experienced directors. 1 independent director (2 non-independent directors). Independent Director Kaustubh Paunikar was the last independent director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Nov 14
Second quarter 2024 earnings released: EPS: ₹2.63 (vs ₹1.32 in 2Q 2023) Second quarter 2024 results: EPS: ₹2.63 (up from ₹1.32 in 2Q 2023). Revenue: ₹64.4m (up 58% from 2Q 2023). Net income: ₹19.1m (up 100% from 2Q 2023). Profit margin: 30% (up from 24% in 2Q 2023). Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has increased by 26% per year, which means it is tracking significantly ahead of earnings growth. Aankondiging • Nov 10
Artefact Projects Limited Announces Resignation of Shourya Batta as Independent Director Artefact Projects Limited announced that Mr. Shourya Batta has tendered his resignation as Independent Director of the company w.e.f. 9 November, 2023. Aankondiging • Nov 04
Artefact Projects Limited to Report Q2, 2024 Results on Nov 09, 2023 Artefact Projects Limited announced that they will report Q2, 2024 results at 3:30 PM, Indian Standard Time on Nov 09, 2023 Valuation Update With 7 Day Price Move • Oct 09
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹64.02, the stock trades at a trailing P/E ratio of 8.5x. Average trailing P/E is 22x in the Construction industry in India. Total returns to shareholders of 88% over the past three years. Reported Earnings • Aug 11
Full year 2023 earnings released: EPS: ₹7.61 (vs ₹5.68 in FY 2022) Full year 2023 results: EPS: ₹7.61 (up from ₹5.68 in FY 2022). Revenue: ₹181.7m (down 23% from FY 2022). Net income: ₹53.4m (up 29% from FY 2022). Profit margin: 29% (up from 18% in FY 2022). Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has increased by 25% per year, which means it is well ahead of earnings. Aankondiging • Aug 08
Artefact Projects Limited to Report Q1, 2024 Results on Aug 14, 2023 Artefact Projects Limited announced that they will report Q1, 2024 results at 3:30 PM, Indian Standard Time on Aug 14, 2023 Aankondiging • Aug 03
Artefact Projects Limited, Annual General Meeting, Aug 29, 2023 Artefact Projects Limited, Annual General Meeting, Aug 29, 2023, at 11:00 Indian Standard Time. Valuation Update With 7 Day Price Move • Jun 12
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹61.42, the stock trades at a trailing P/E ratio of 8.4x. Average trailing P/E is 20x in the Construction industry in India. Total returns to shareholders of 156% over the past three years. Reported Earnings • Jun 04
Full year 2023 earnings released: EPS: ₹1.45 (vs ₹5.68 in FY 2022) Full year 2023 results: EPS: ₹1.45. Revenue: ₹218.7m (down 7.2% from FY 2022). Net income: ₹53.4m (up 29% from FY 2022). Profit margin: 24% (up from 18% in FY 2022). Aankondiging • May 23
Artefact Projects Limited to Report Q4, 2023 Results on May 30, 2023 Artefact Projects Limited announced that they will report Q4, 2023 results at 3:30 PM, Indian Standard Time on May 30, 2023 Valuation Update With 7 Day Price Move • Apr 24
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₹56.46, the stock trades at a trailing P/E ratio of 9.4x. Average trailing P/E is 19x in the Construction industry in India. Total returns to shareholders of 105% over the past three years. Valuation Update With 7 Day Price Move • Mar 28
Investor sentiment deteriorates as stock falls 20% After last week's 20% share price decline to ₹31.29, the stock trades at a trailing P/E ratio of 5.2x. Average trailing P/E is 18x in the Construction industry in India. Total returns to shareholders of 14% over the past three years. Reported Earnings • Feb 12
Third quarter 2023 earnings released: EPS: ₹1.27 (vs ₹1.26 in 3Q 2022) Third quarter 2023 results: EPS: ₹1.27 (up from ₹1.26 in 3Q 2022). Revenue: ₹44.0m (down 25% from 3Q 2022). Net income: ₹9.22m (flat on 3Q 2022). Profit margin: 21% (up from 16% in 3Q 2022). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 15% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings. Aankondiging • Feb 04
Artefact Projects Limited to Report Q3, 2023 Results on Feb 10, 2023 Artefact Projects Limited announced that they will report Q3, 2023 results at 3:30 PM, Indian Standard Time on Feb 10, 2023 Aankondiging • Jan 26
Artefact Projects Limited Appoints Snehal Jaiswal as Company Secretary and Compliance Officer Artefact Projects Limited announced that the Board of Directors of the Company has approved the Appointment of Mrs. Snehal Jaiswal as a Company Secretary & Compliance Officer of the Company with effective from 25 January, 2023. Valuation Update With 7 Day Price Move • Dec 02
Investor sentiment improved over the past week After last week's 18% share price gain to ₹60.55, the stock trades at a trailing P/E ratio of 10.1x. Average trailing P/E is 19x in the Construction industry in India. Total returns to shareholders of 33% over the past three years. Board Change • Dec 02
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 2 highly experienced directors. Independent Director Kaustubh Paunikar was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Aankondiging • Nov 22
Artefact Projects Limited Announces Resignation of Ashok Karwa as Chief Financial Officer Artefact Projects Limited announced the resignation of Mr. Ashok Karwa as Chief Financial Officer with effect from November 12, 2022. Reported Earnings • Nov 19
Second quarter 2023 earnings released: EPS: ₹1.32 (vs ₹1.08 in 2Q 2022) Second quarter 2023 results: EPS: ₹1.32 (up from ₹1.08 in 2Q 2022). Revenue: ₹48.1m (down 19% from 2Q 2022). Net income: ₹9.58m (up 22% from 2Q 2022). Profit margin: 20% (up from 13% in 2Q 2022). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 15% per year but the company’s share price has increased by 9% per year, which means it is well ahead of earnings. Aankondiging • Nov 18
Artefact Projects Limited Announces Appointment of Siddharth Shah as Company Secretary and Compliance Officer Artefact Projects Limited that the board has considered and approved the appointment of Mr. Siddharth Shah, Whole Time Director of the Company with effect from November 17, 2022, upto the period of appointment of new company secretary who shall act as a compliance officer of the company. The appointment is accepted by the board of directors at meeting held on November 17, 2022. He has experience in various highway projects, B.O.T. projects, Corporate Infrastructure Services, EDP tasks, Survey, Auto CAD etc. Mr. Siddharth Shah having Engineering, B. Tech (Civil), M. Tech (Traffic & Transportation). Aankondiging • Nov 06
Artefact Projects Limited to Report Q2, 2023 Results on Nov 14, 2022 Artefact Projects Limited announced that they will report Q2, 2023 results at 3:30 PM, Indian Standard Time on Nov 14, 2022 Recent Insider Transactions • Sep 12
Insider recently sold ₹4.1m worth of stock On the 8th of September, Manoj Balkrishna Shah sold around 58k shares on-market at roughly ₹71.50 per share. This transaction amounted to 6.8% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of ₹9.9m more than they bought in the last 12 months. Aankondiging • Sep 09
Artefact Projects Limited, Annual General Meeting, Sep 30, 2022 Artefact Projects Limited, Annual General Meeting, Sep 30, 2022, at 11:00 Indian Standard Time. Location: the Registered Office of the company at Block No. 106, 3rd floor Artefact Towers, Chhatrapati Square Nagpur Maharashtra India Agenda: To receive, consider and adopt the Audited Financial Statements of the Company for the year ended 31 March, 2022 together with the Boards' Report and Auditors' Report thereon ; to appoint a Director in place of Mr. Siddharth Shah, Director who retires by rotation and being eligible, offers himself for re-appointment; to appoint M/s Naresh Patadia & Co., Chartered Accountants, Nagpur as Statutory Auditors of the Company; and to consider other matters. Valuation Update With 7 Day Price Move • Sep 05
Investor sentiment improved over the past week After last week's 21% share price gain to ₹77.75, the stock trades at a trailing P/E ratio of 13.5x. Average trailing P/E is 19x in the Construction industry in India. Total returns to shareholders of 93% over the past three years. Valuation Update With 7 Day Price Move • Aug 20
Investor sentiment improved over the past week After last week's 17% share price gain to ₹58.15, the stock trades at a trailing P/E ratio of 10.1x. Average trailing P/E is 19x in the Construction industry in India. Total returns to shareholders of 89% over the past three years. Reported Earnings • Aug 18
First quarter 2023 earnings released: EPS: ₹1.52 (vs ₹1.43 in 1Q 2022) First quarter 2023 results: EPS: ₹1.52 (up from ₹1.43 in 1Q 2022). Revenue: ₹55.3m (down 25% from 1Q 2022). Net income: ₹11.1m (up 6.5% from 1Q 2022). Profit margin: 20% (up from 14% in 1Q 2022). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has increased by 25% per year, which means it is well ahead of earnings. Aankondiging • Aug 04
Artefact Projects Limited Announces Resignation of Snehal Jaiswal as Company Secretary & Compliance Officer Artefact Projects Limited informed that Mrs. Snehal Jaiswal, Company Secretary & Compliance Officer of the Company has resigned from post with effect from the closure of working hours of 2 August, 2022 due to personal reasons. Her resignation is accepted by the Board of Directors at the meeting held on 2 August, 2022. Valuation Update With 7 Day Price Move • Jun 20
Investor sentiment deteriorated over the past week After last week's 16% share price decline to ₹43.65, the stock trades at a trailing P/E ratio of 7.7x. Average trailing P/E is 16x in the Construction industry in India. Total returns to shareholders of 83% over the past three years. Reported Earnings • Jun 04
Full year 2022 earnings released: EPS: ₹6.14 (vs ₹6.50 in FY 2021) Full year 2022 results: EPS: ₹6.14. Revenue: ₹271.0m (down 16% from FY 2021). Net income: ₹41.4m (up 5.4% from FY 2021). Profit margin: 15% (up from 12% in FY 2021). The increase in margin was driven by lower expenses. Aankondiging • May 24
Artefact Projects Limited to Report Q4, 2022 Results on May 30, 2022 Artefact Projects Limited announced that they will report Q4, 2022 results on May 30, 2022 Valuation Update With 7 Day Price Move • May 24
Investor sentiment deteriorated over the past week After last week's 20% share price decline to ₹51.95, the stock trades at a trailing P/E ratio of 12.4x. Average trailing P/E is 17x in the Construction industry in India. Total returns to shareholders of 71% over the past three years. Valuation Update With 7 Day Price Move • Apr 06
Investor sentiment improved over the past week After last week's 19% share price gain to ₹70.90, the stock trades at a trailing P/E ratio of 17x. Average trailing P/E is 19x in the Construction industry in India. Total returns to shareholders of 119% over the past three years. Valuation Update With 7 Day Price Move • Mar 14
Investor sentiment improved over the past week After last week's 16% share price gain to ₹62.40, the stock trades at a trailing P/E ratio of 14.9x. Average trailing P/E is 17x in the Construction industry in India. Total returns to shareholders of 129% over the past three years. Valuation Update With 7 Day Price Move • Feb 24
Investor sentiment deteriorated over the past week After last week's 24% share price decline to ₹55.60, the stock trades at a trailing P/E ratio of 13.3x. Average trailing P/E is 19x in the Construction industry in India. Total returns to shareholders of 113% over the past three years. Reported Earnings • Feb 17
Third quarter 2022 earnings: Revenues and EPS in line with analyst expectations Third quarter 2022 results: EPS: ₹1.26 (down from ₹1.83 in 3Q 2021). Revenue: ₹58.6m (down 22% from 3Q 2021). Net income: ₹9.14m (down 14% from 3Q 2021). Profit margin: 16% (up from 14% in 3Q 2021). Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has increased by 46% per year, which means it is tracking significantly ahead of earnings growth. Aankondiging • Feb 15
Artefact Projects Limited to Report Q3, 2021 Results on Feb 14, 2022 Artefact Projects Limited announced that they will report Q3, 2021 results on Feb 14, 2022 Recent Insider Transactions • Jan 22
Insider recently sold ₹348k worth of stock On the 18th of January, Sushila Shah sold around 5k shares on-market at roughly ₹74.64 per share. In the last 3 months, they made an even bigger sale worth ₹3.2m. Insiders have been net sellers, collectively disposing of ₹4.9m more than they bought in the last 12 months. Recent Insider Transactions • Jan 13
Insider recently sold ₹3.2m worth of stock On the 10th of January, Sushila Shah sold around 41k shares on-market at roughly ₹77.45 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of ₹4.6m more than they bought in the last 12 months. Valuation Update With 7 Day Price Move • Jan 03
Investor sentiment improved over the past week After last week's 21% share price gain to ₹72.05, the stock trades at a trailing P/E ratio of 16.5x. Average trailing P/E is 19x in the Construction industry in India. Total returns to shareholders of 92% over the past three years. Recent Insider Transactions • Dec 31
Insider recently sold ₹1.4m worth of stock On the 28th of December, Balkrishna Shah sold around 23k shares on-market at roughly ₹61.86 per share. This was the largest sale by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months. Valuation Update With 7 Day Price Move • Dec 20
Investor sentiment deteriorated over the past week After last week's 18% share price decline to ₹53.25, the stock trades at a trailing P/E ratio of 12.2x. Average trailing P/E is 15x in the Construction industry in India. Total returns to shareholders of 22% over the past three years. Valuation Update With 7 Day Price Move • Nov 29
Investor sentiment improved over the past week After last week's 21% share price gain to ₹64.90, the stock trades at a trailing P/E ratio of 14.8x. Average trailing P/E is 17x in the Construction industry in India. Total returns to shareholders of 34% over the past three years. Reported Earnings • Nov 18
Second quarter 2022 earnings released: EPS ₹1.08 (vs ₹2.25 in 2Q 2021) The company reported a poor second quarter result with weaker earnings, revenues and profit margins. Second quarter 2022 results: Revenue: ₹67.9m (down 18% from 2Q 2021). Net income: ₹7.89m (down 40% from 2Q 2021). Profit margin: 12% (down from 16% in 2Q 2021). Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Oct 06
Investor sentiment improved over the past week After last week's 17% share price gain to ₹44.30, the stock trades at a trailing P/E ratio of 8.7x. Average trailing P/E is 19x in the Construction industry in India. Total loss to shareholders of 9.0% over the past three years. Valuation Update With 7 Day Price Move • Aug 10
Investor sentiment deteriorated over the past week After last week's 16% share price decline to ₹41.85, the stock trades at a trailing P/E ratio of 6.2x. Average trailing P/E is 19x in the Construction industry in India. Total returns to shareholders of 9.6% over the past three years. Valuation Update With 7 Day Price Move • Jul 18
Investor sentiment improved over the past week After last week's 21% share price gain to ₹43.25, the stock trades at a trailing P/E ratio of 6.4x. Average trailing P/E is 20x in the Construction industry in India. Total returns to shareholders of 18% over the past three years. Reported Earnings • Jul 02
Full year 2021 earnings released: EPS ₹6.72 (vs ₹6.32 in FY 2020) The company reported a solid full year result with improved earnings and revenues, although profit margins were flat. Full year 2021 results: Revenue: ₹346.0m (up 8.5% from FY 2020). Net income: ₹39.2m (up 9.2% from FY 2020). Profit margin: 11% (in line with FY 2020). Over the last 3 years on average, earnings per share has increased by 78% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Reported Earnings • Feb 13
Third quarter 2021 earnings released: EPS ₹1.83 (vs ₹2.23 in 3Q 2020) The company reported a soft third quarter result with weaker earnings and profit margins, although revenues improved. Third quarter 2021 results: Revenue: ₹80.8m (up 11% from 3Q 2020). Net income: ₹10.6m (down 22% from 3Q 2020). Profit margin: 13% (down from 19% in 3Q 2020). Over the last 3 years on average, earnings per share has increased by 91% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings. Aankondiging • Feb 06
Artefact Projects Limited to Report Q3, 2021 Results on Feb 11, 2021 Artefact Projects Limited announced that they will report Q3, 2021 results on Feb 11, 2021 Is New 90 Day High Low • Dec 29
New 90-day high: ₹39.15 The company is up 19% from its price of ₹32.95 on 29 September 2020. The Indian market is up 21% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Construction industry, which is up 32% over the same period. Is New 90 Day High Low • Dec 07
New 90-day high: ₹37.65 The company is up 39% from its price of ₹27.00 on 08 September 2020. The Indian market is up 16% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Construction industry, which is up 19% over the same period. Is New 90 Day High Low • Nov 16
New 90-day high: ₹34.65 The company is up 23% from its price of ₹28.10 on 18 August 2020. The Indian market is up 10.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Construction industry, which is up 4.0% over the same period. Reported Earnings • Nov 15
Second quarter 2021 earnings released: EPS ₹2.25 The company reported a decent second quarter result with improved earnings and profit margins, although revenues were weaker. Second quarter 2021 results: Revenue: ₹88.6m (down 7.3% from 2Q 2020). Net income: ₹13.1m (up 5.9% from 2Q 2020). Profit margin: 15% (up from 13% in 2Q 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 96% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth. Is New 90 Day High Low • Oct 30
New 90-day high: ₹34.60 The company is up 13% from its price of ₹30.65 on 31 July 2020. The Indian market is up 6.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Construction industry, which is up 4.0% over the same period. Is New 90 Day High Low • Sep 29
New 90-day high: ₹32.95 The company is up 42% from its price of ₹23.20 on 01 July 2020. The Indian market is up 10.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Construction industry, which is up 2.0% over the same period. Aankondiging • Sep 09
Artefact Projects Limited to Report Q1, 2021 Results on Sep 07, 2020 Artefact Projects Limited announced that they will report Q1, 2021 results on Sep 07, 2020 Aankondiging • Jul 26
Artefact Projects Limited to Report Q1, 2021 Results on Jul 29, 2020 Artefact Projects Limited announced that they will report Q1, 2021 results on Jul 29, 2020 
