The shares of this project consultancy business provider surged by approximately 4 percent after it received a work order worth Rs 4 crore from the National Highways Authority of India.
With a market capitalization of Rs 52.4 crores, the shares of Artefact Projects Ltd are currently trading at Rs 72 per share, down by 20 percent from its 52-week high of Rs 89.74 per share. Over the past five years, the stock has delivered a positive return of over 192 percent.
The company, through a stock exchange filing, announced that it has been awarded a project by the National Highways Authority of India for providing Independent Engineer services
It includes the Operation and Maintenance for two stretches on NH-53 (Old NH-6), which is from Nagpur to Wainganga Bridge (498 Km to 544.20 km) and from Chhattisgarh/Maharashtra Border to Wainganga Bridge (405 Km to 485 Km). The contract is valued at Rs. 4.38 crore (excluding GST) and has to be executed within 60 months.
Independent Engineering Services involve third-party experts who supervise infrastructure projects. Their role is to make sure the projects are built according to approved designs, quality standards, and timelines. They serve as neutral monitors for authorities like NHAI, particularly during construction and maintenance stages.
Financial Highlights
The company reported a revenue of Rs 30.05 crores in FY25, up by 24 percent from its FY24 revenue of Rs 24.17 crores. Additionally, the company reported a net profit increase of 42 percent to Rs 7.43 crore in FY25 from Rs 5.23 crore in FY24.
The stock delivered an ROE and ROCE of 11.70 percent and 13.45 percent, respectively, and is currently trading at a P/E of 7.17x as compared to its industry average of 30.23x.
Artefact Projects Limited, established in 1987 and located in Nagpur, is a consultancy firm that provides engineering, architectural, and project management services throughout India.
The company focuses on infrastructure planning, design, and implementation. It serves various sectors, including highways, urban infrastructure, airport terminals, mining, and railways.
Written by Satyajeet Mukherjee
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