Artefact Projects (BSE 531297)₹48.19+4.31%Consulting Services
In the Mar 2026 quarter (standalone), Artefact Projects reported sales of ₹14.35 Cr, up 12.5% from Mar 2025, and net profit of ₹0.85 Cr, down 85.3% year on year. For the year to Mar 2026, sales were ₹32.29 Cr and net profit ₹5.21 Cr.
Company filings, standalone accounts; latest reported quarter Mar 2026
| Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 4.24 | 6.43 | 6.39 | 7.13 | 3.13 | 6.86 | 7.34 | 12.75 | 2.20 | 8.98 | 6.75 | 14.35 |
| Expenses | 3.58 | 5.15 | 5.18 | 7.40 | 2.26 | 5.39 | 5.37 | 7.40 | 1.65 | 7.25 | 5.17 | 13.20 |
| Operating Profit | 0.67 | 1.31 | 1.22 | −0.28 | 0.88 | 1.48 | 1.98 | 5.36 | 0.58 | 1.74 | 1.59 | 1.15 |
| OPM % | 15.7% | 20.3% | 19.0% | −3.8% | 28.0% | 21.5% | 27.0% | 42.1% | 25.9% | 19.4% | 23.5% | 8.0% |
| Other Income | 1.01 | 1.09 | 1.10 | 1.21 | 1.22 | 1.26 | 0.27 | 1.17 | 1.32 | 1.05 | 1.14 | 0.38 |
| Interest | 0.23 | 0.56 | 0.37 | 0.47 | 0.40 | 0.41 | 0.41 | 0.47 | 0.41 | 0.41 | 0.36 | 0.40 |
| Depreciation | 0.09 | 0.09 | 0.09 | 0.08 | 0.08 | 0.09 | 0.10 | 0.08 | 0.10 | 0.10 | 0.11 | 0.08 |
| Profit before tax | 1.33 | 1.72 | 1.83 | 0.37 | 1.59 | 2.21 | 1.71 | 5.96 | 1.36 | 2.25 | 2.23 | 1.02 |
| Tax % | 3.0% | −11.6% | 0.0% | 39.0% | 8.9% | 19.2% | 27.1% | 2.4% | 24.5% | 25.5% | 20.8% | 14.9% |
| Exceptional items | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Net Profit | 1.26 | 1.90 | 1.81 | 0.21 | 1.43 | 1.77 | 1.23 | 5.78 | 1.01 | 1.66 | 1.76 | 0.85 |
| EPS (Rs) | 1.76 | 2.64 | 2.51 | 0.31 | 1.99 | 2.46 | 1.71 | 7.98 | 1.41 | 2.31 | 2.44 | 1.19 |
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 16.01 | 23.04 | 21.57 | 22.58 | 31.94 | 32.10 | 23.58 | 18.19 | 24.18 | 30.05 | 32.29 | 32.28 |
| Expenses | 12.73 | 20.33 | 21.72 | 18.62 | 26.12 | 27.43 | 18.64 | 14.74 | 21.30 | 23.44 | 27.25 | 27.27 |
| Operating Profit | 3.28 | 2.71 | −0.14 | 3.97 | 5.81 | 4.70 | 4.95 | 3.46 | 2.89 | 6.62 | 5.04 | 5.06 |
| OPM % | 20.5% | 11.8% | −0.6% | 17.6% | 18.3% | 14.7% | 21.0% | 19.0% | 12.0% | 22.1% | 15.7% | 15.7% |
| Other Income | 1.25 | 2.33 | 2.55 | 1.34 | 2.38 | 3.77 | 3.54 | 5.53 | 4.40 | 4.03 | 3.86 | 3.89 |
| Interest | 3.23 | 3.68 | 4.43 | 3.63 | 2.69 | 2.26 | 2.38 | 1.97 | 1.65 | 1.66 | 1.63 | 1.58 |
| Depreciation | 0.80 | 0.79 | 0.81 | 0.83 | 1.01 | 0.82 | 0.56 | 0.49 | 0.38 | 0.41 | 0.42 | 0.39 |
| Profit before tax | 0.47 | 0.54 | −2.87 | 0.82 | 4.46 | 5.37 | 5.53 | 6.50 | 5.22 | 8.56 | 6.84 | 6.86 |
| Tax % | 97.9% | 60.5% | 8.4% | −62.9% | 19.6% | 26.6% | 25.2% | 17.7% | −0.4% | 13.0% | 23.4% | — |
| Exceptional items | 0.00 | 0.00 | 0.00 | 0.00 | 0.60 | 0.95 | 0.00 | 1.48 | 0.00 | 0.11 | −0.02 | 0.00 |
| Net Profit | 0.00 | 0.19 | −3.09 | 1.31 | 3.58 | 3.91 | 4.13 | 5.33 | 5.22 | 7.41 | 5.21 | 5.28 |
| EPS (Rs) | 0.03 | 0.37 | −5.62 | 2.40 | 6.20 | 5.40 | 5.70 | 7.35 | 7.20 | 10.22 | 7.20 | 7.35 |
| Dividend payout % | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 4.9% | 0.0% | — |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 5.54 | 5.54 | 5.54 | 5.55 | 5.55 | 5.81 | 7.29 | 7.29 | 7.29 | 7.30 | 7.30 | 7.30 |
| Reserves | 29.62 | 29.63 | 29.83 | 26.75 | 28.03 | 33.52 | 39.55 | 42.68 | 48.22 | 51.77 | 58.18 | 63.10 |
| Borrowings | 15.12 | 18.47 | 16.66 | 17.88 | 17.39 | 9.51 | 16.25 | 18.31 | 11.76 | 10.05 | 14.61 | 15.18 |
| Other Liabilities | 14.54 | 14.44 | 18.83 | 19.61 | 24.84 | 18.45 | 19.21 | 17.74 | 24.08 | 28.83 | 22.34 | 28.65 |
| Total Liabilities | 64.82 | 68.08 | 70.86 | 69.79 | 75.81 | 67.29 | 82.30 | 86.02 | 91.35 | 97.95 | 102 | 114 |
| Fixed Assets | 23.76 | 22.89 | 22.29 | 21.86 | 21.20 | 17.03 | 16.29 | 15.70 | 11.83 | 11.51 | 12.24 | 13.70 |
| CWIP | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.36 | 1.04 | 0.00 |
| Investments | 10.39 | 4.89 | 10.88 | 12.88 | 12.89 | 12.88 | 13.14 | 13.18 | 13.04 | 13.04 | 0.15 | 0.08 |
| Other Assets | 30.67 | 40.30 | 37.69 | 35.05 | 41.72 | 37.38 | 52.87 | 57.14 | 66.48 | 73.04 | 89.00 | 100 |
| Inventories | 0.00 | 0.00 | 0.00 | 0.99 | 2.99 | 1.99 | 0.99 | 0.99 | 0.00 | 0.00 | 3.99 | 1.99 |
| Trade receivables | 16.99 | 14.99 | 17.99 | 17.99 | 23.01 | 14.99 | 14.99 | 14.01 | 14.99 | 15.99 | 12.01 | 15.99 |
| Cash & equivalents | 0.99 | 0.99 | 0.99 | 0.99 | 2.99 | 1.01 | 6.01 | 4.99 | 4.99 | 4.01 | 2.99 | 2.01 |
| Total Assets | 64.82 | 68.08 | 70.86 | 69.79 | 75.81 | 67.29 | 82.30 | 86.02 | 91.35 | 97.95 | 102 | 114 |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operating activity | 4.04 | −6.71 | 9.30 | 4.01 | 5.02 | 1.98 | −6.77 | −3.91 | −1.23 | −0.43 | −18.97 | −0.28 |
| Cash from investing activity | 0.82 | 6.24 | −4.31 | −1.40 | −1.55 | 6.78 | −0.90 | 4.13 | 8.92 | 3.82 | 15.95 | 1.42 |
| Cash from financing activity | −6.23 | 0.55 | −4.85 | −3.52 | −4.90 | −8.76 | 7.82 | −0.31 | −7.51 | −3.38 | 2.88 | −1.04 |
| Net cash flow | −1.37 | 0.10 | 0.15 | −0.93 | −1.44 | 0.03 | 0.14 | −0.12 | 0.20 | 0.00 | −0.15 | 0.10 |
| Capex | 0.17 | 0.03 | 0.22 | 0.41 | 0.19 | 0.16 | 0.14 | 0.02 | 0.00 | 0.46 | 1.80 | 0.89 |
| Free cash flow | 3.88 | −6.76 | 9.12 | 3.61 | 4.84 | 6.10 | −5.46 | −3.92 | 3.96 | −0.87 | −20.80 | −1.18 |
| CFO / OP % | 42.9% | −135.1% | 349.9% | −3,100.1% | 127.0% | 7.0% | −231.0% | −96.0% | −36.1% | −15.0% | −288.1% | −6.0% |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor days | 308 | 352 | 285 | 313 | 366 | 168 | 170 | 210 | 296 | 238 | 149 | 186 |
| Inventory days | — | — | — | — | — | — | — | — | — | — | — | 447 |
| Days payable | — | — | — | — | — | — | — | — | — | — | — | 1,319 |
| Cash conversion cycle | 308 | 352 | 285 | 313 | 366 | 168 | 170 | 210 | 296 | 238 | 149 | −687 |
| Working capital days | −54 | 223 | 92 | −4 | 69 | 120 | 230 | 376 | 674 | 473 | 228 | 278 |
| ROCE % | 8.8% | 7.3% | 8.0% | 3.1% | 8.8% | 12.8% | 11.4% | 12.1% | 9.8% | 10.1% | 13.5% | 10.3% |
For the Mar 2026 quarter, Artefact Projects reported sales of ₹14.35 Cr, up 12.5% year on year and net profit of ₹0.85 Cr, down 85.3% year on year. The operating margin was 8.0%.
Artefact Projects' sales for the year to Mar 2026 were ₹32.29 Cr; over the last twelve months they were ₹32.28 Cr.
Net profit for the year to Mar 2026 was ₹5.21 Cr, and ₹5.28 Cr over the last twelve months. Earnings per share over the same trailing period were ₹7.35.
Artefact Projects reported borrowings of ₹15.18 Cr at Mar 2026, against cash and equivalents of ₹2.01 Cr.
Cash from operations was −₹0.28 Cr in the year to Mar 2026; after capital spending, free cash flow was −₹1.18 Cr.