Art Nirman quarterly results and financials

Art Nirman (ARTNIRMAN)₹37.25+0.78%(9 Nov 2026 close)Residential, Commercial Projects

Key facts

In the Mar 2026 quarter (standalone), Art Nirman reported sales of ₹22.47 Cr, up 152.2% from Mar 2025, and net profit of ₹0.08 Cr, down 89.5% year on year. For the year to Mar 2026, sales were ₹33.23 Cr and net profit ₹0.51 Cr.

Sales (Mar 2026): ₹22.47 Cr
Net profit (Mar 2026): ₹0.08 Cr
Sales (FY Mar 2026): ₹33.23 Cr
Net profit (FY Mar 2026): ₹0.51 Cr
EPS (Mar 2026): ₹0.03
Borrowings (Mar 2026): ₹72.92 Cr

Company filings, standalone accounts; latest reported quarter Mar 2026

Art Nirman quarterly results

₹ crore unless stated; each column is a quarter.

Art Nirman Quarterly results
	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	5.23	11.96	3.74	13.37	5.49	8.47	4.49	8.91	1.49	6.74	2.49	22.47
Expenses	5.02	11.17	3.53	12.63	5.00	7.85	4.19	7.11	1.53	5.41	2.38	19.01
Operating Profit	0.20	0.80	0.22	0.78	0.50	0.62	0.31	1.81	−0.01	1.34	0.12	3.49
OPM %	4.0%	6.8%	6.1%	5.9%	9.2%	7.4%	7.1%	20.4%	−1.3%	20.0%	5.2%	15.6%
Other Income	0.15	0.02	0.01	0.11	0.07	0.08	0.13	0.08	0.11	0.04	0.08	0.09
Interest	0.00	0.00	0.00	0.55	0.01	0.01	0.01	1.06	0.02	0.83	0.03	3.27
Depreciation	0.18	0.18	0.18	0.17	0.17	0.17	0.17	0.10	0.15	0.13	0.12	0.11
Profit before tax	0.18	0.66	0.07	0.18	0.40	0.53	0.27	0.74	−0.06	0.43	0.06	0.21
Tax %	0.0%	0.0%	0.0%	−15.8%	0.0%	0.0%	0.0%	−4.0%	0.0%	0.0%	0.0%	59.0%
Net Profit	0.18	0.66	0.07	0.21	0.40	0.52	0.27	0.76	−0.06	0.42	0.06	0.08
EPS (Rs)	0.07	0.26	0.02	0.08	0.15	0.20	0.10	0.30	−0.02	0.16	0.02	0.03

Art Nirman profit and loss

₹ crore unless stated; years end in March. TTM is the last four quarters.

Art Nirman Profit and loss
	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
Sales	24.28	25.47	34.48	18.87	62.06	81.05	36.78	19.70	34.27	27.38	33.23	33.19
Expenses	23.10	24.33	27.06	8.92	53.91	78.69	46.88	18.79	32.34	24.15	28.33	28.33
Operating Profit	1.26	1.17	7.47	9.95	8.33	2.58	−9.88	0.96	2.03	3.27	4.94	4.94
OPM %	5.2%	4.6%	21.7%	52.8%	13.4%	3.2%	−27.0%	4.9%	5.9%	12.0%	14.9%	14.9%
Other Income	0.01	0.25	0.46	0.61	0.10	0.13	0.05	0.02	0.34	0.39	0.35	0.32
Interest	0.46	0.40	5.52	7.96	6.45	1.98	0.44	0.20	0.56	1.12	4.17	4.15
Depreciation	0.10	0.35	0.83	0.77	0.76	0.74	0.72	0.72	0.69	0.59	0.49	0.51
Profit before tax	0.72	0.68	1.59	1.84	1.23	0.00	−11.00	0.07	1.13	1.96	0.64	0.64
Tax %	30.1%	47.8%	30.0%	29.1%	33.9%	−100.0%	−0.1%	−37.6%	−2.6%	−1.5%	19.9%	—
Net Profit	0.50	0.36	1.11	1.31	0.81	0.01	−10.99	0.10	1.17	1.98	0.51	0.50
EPS (Rs)	1.27	0.48	1.46	1.07	0.32	0.00	−4.39	0.03	0.46	0.79	0.20	0.19
Dividend payout %	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	—

Art Nirman balance sheet

₹ crore, at each year end.

Art Nirman Balance sheet
	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	0.00	3.99	7.57	7.57	12.14	24.88	24.87	24.87	24.87	24.88	24.87	24.87
Reserves	0.04	0.52	6.29	7.40	16.65	20.02	20.06	9.06	9.16	10.36	12.32	12.27
Borrowings	12.15	2.15	17.88	62.12	50.14	33.77	4.96	0.24	2.53	2.93	18.05	72.92
Other Liabilities	11.87	11.46	42.87	33.52	75.08	59.09	13.23	10.70	15.16	14.91	13.40	32.01
Total Liabilities	24.06	18.12	74.61	111	154	138	63.12	44.87	51.72	53.08	68.64	142
Fixed Assets	0.62	0.72	9.74	9.19	8.64	7.89	7.20	6.49	5.79	5.12	4.57	4.12
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	0.29	0.31	0.35	0.31	0.00	0.00	0.00	0.00
Other Assets	23.44	17.40	64.87	101	145	130	55.57	38.07	45.93	47.96	64.07	138
Inventories	19.98	15.98	44.99	70.02	113	98.96	32.96	7.99	14.01	18.99	41.97	74.98
Trade receivables	0.00	0.00	7.99	18.96	23.96	20.96	13.99	17.96	22.96	2.99	1.99	18.98
Cash & equivalents	0.00	0.00	1.99	1.99	1.99	1.99	0.99	4.99	0.00	3.99	3.99	6.98
Total Assets	24.06	18.12	74.61	111	154	138	63.12	44.87	51.72	53.08	68.64	142

Art Nirman cash flow

₹ crore, for each year.

Art Nirman Cash flow
	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	0.14	1.77	−41.57	−13.85	23.51	−7.24	19.89	9.34	−7.33	1.60	−13.47	−47.46
Cash from investing activity	−0.02	−0.22	−9.13	0.29	0.47	0.37	0.20	−0.07	0.26	−1.14	−0.43	−0.93
Cash from financing activity	0.07	−1.37	52.93	12.83	−23.56	6.37	−20.62	−5.19	2.10	−0.19	13.50	50.88
Net cash flow	0.17	0.19	2.17	−0.74	0.42	−0.49	−0.55	4.05	−4.95	0.27	−0.37	2.49
Capex	0.03	0.22	9.36	0.27	0.15	0.02	0.04	0.02	0.02	0.02	0.04	0.04
Free cash flow	0.12	1.56	−50.74	−14.07	23.29	−7.21	19.79	9.30	−7.30	1.61	−13.45	−47.34
CFO / OP %	13.9%	155.0%	−3,488.1%	−179.1%	239.9%	−82.1%	764.0%	−94.1%	−753.1%	78.0%	−409.0%	−954.1%

Art Nirman ratios

Working-capital days and returns, by year.

Art Nirman Ratios
	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	—	0	109	201	470	123	64	178	426	35	33	212
Inventory days	—	342	1,255	2,906	—	1,108	168	82	580	355	—	—
Days payable	—	20	214	380	—	104	17	15	272	125	—	—
Cash conversion cycle	—	323	1,150	2,728	472	1,128	216	246	735	267	34	213
Working capital days	—	129	673	606	935	371	206	270	641	322	646	1,098
ROCE %	9.7%	12.7%	5.7%	13.0%	12.6%	9.7%	3.1%	−25.2%	0.8%	4.5%	6.6%	5.8%

Art Nirman: frequently asked questions

What are the latest quarterly results of Art Nirman?

For the Mar 2026 quarter, Art Nirman reported sales of ₹22.47 Cr, up 152.2% year on year and net profit of ₹0.08 Cr, down 89.5% year on year. The operating margin was 15.6%.

What is the annual revenue of Art Nirman?

Art Nirman's sales for the year to Mar 2026 were ₹33.23 Cr; over the last twelve months they were ₹33.19 Cr.

What is the net profit of Art Nirman?

Net profit for the year to Mar 2026 was ₹0.51 Cr, and ₹0.50 Cr over the last twelve months. Earnings per share over the same trailing period were ₹0.19.

How much debt does Art Nirman have?

Art Nirman reported borrowings of ₹72.92 Cr at Mar 2026, against cash and equivalents of ₹6.98 Cr.

What is the free cash flow of Art Nirman?

Cash from operations was −₹47.46 Cr in the year to Mar 2026; after capital spending, free cash flow was −₹47.34 Cr.

Loading…