Synopsis: This consultancy company’s shares surged around 4% after receiving an order for its consultancy services providing revenue visibility and growth
Shares of this India-based company, which is in the business of consultancy in infrastructure development of airports, ports, roads and highways, came into focus after receiving a significant order from NHAI.
Artefact Projects Ltd’s shares, with market capitalization of Rs. 44.98 Crore, on Thursday made a day high of Rs. 62.80 per share, up 3.8 percent from its previous day’s close price of Rs.60.50 per share, trading at discount of 42.8 percent from its 52 week high. The share has given an average return of 88.8 percent over a period of five years.
Significant Order
Artefact Projects Ltd has received a domestic order worth Rs. 4.59 crore, from National Highway Authority of India that for providing its consultancy services that is to be executed within a time period of Sixty months., the transaction is a non-party related transaction.
The consultancy services are for a Supervision consultant for the operation and maintenance of a four lane divided highway of Madurai -Chettikulam -Natham section from KM 0+000 to Km 36+690 in the state of Tamil Nadu, and in association with renaissance.
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About the company
Incorporated in 1987, Artefact Projects Ltd is an India-based company. The Company is in the business of consultancy in infrastructure development of airports, ports, roads, highways, and more. It focuses on surface transportation, urban planning and development, airport terminals and provision of soft wear to infrastructure development.
Financial highlights: revenue from operations is Rs. 8.97 crore in Q2 FY26, a growth of 31 percent from Rs. 6.85 crore in Q2 FY25. EBIDT grew 18 percent to Rs.1.73 crore in Q2 FY26 from Rs. 1.47 crore in Q2 FY25. Accompanied by decline in net profit by 6 percent in Q2 FY26 to Rs.1.67 crore and decline in EPS by 6 percent YoY to Rs.2.30.
The company has a P.E 6.7x compared to its industry P.E 53.9x, reflecting that the company is undervalued compared to its competitors in the industry. The company’s ROCE is 13.4 percent and ROE 11.7 percent, indicating that the company has room for improvement and, with continuous orders like this, can improve the financial efficiency over next coming quarters.
Written by Gourav Pratap Singh
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