The shares of the microcap stock jumped 6 percent after the company received a new project from the Ministry of Road Transport and Highway worth Rs 4.66 crore
Artefact Projects Ltd. has a market capitalization of Rs 54.20 crore, the shares were trading at Rs 74.50 per share, increasing around 2.21 percent as compared to the previous closing price of Rs 72.89 apiece.
Reason for rise:-
Today the shares of the company have seen positive movement after Artefact Projects Ltd. received a new project from the Ministry of Road Transport and Highway worth Rs 4.66 crore for supervision of the construction of the project which includes rehabilitation and Upgradation from Lagam to Atapatlli section to Configuration section of NH 353 C in Gadchiroli District in the state of Maharashtra on EPC mode”.
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Financial Analysis:-
Looking into the financial performance of the company, revenue magnified by 36 percent from Rs 5.23 crore in Q4FY23 to Rs 7.12 crore in Q4FY24. During the same period, net profit decreased by 90 percent, from Rs 2.36 crore to Rs 0.22 crore.
Ratio analysis:-
The company’s critical ratios show that the return on equity decreased from 9.60 percent in FY22-23 to 8.82 percent in FY23-24, while the return on capital employed decreased from 10.18 percent to 11.05 percent. The net profit margin (NPM) for fiscal year 23-24 is 21.65 percent.
Shareholding pattern:-
In the company’s recent shareholding pattern, the Promoters of the company own 39.09 percent while Retail shareholders own a 60.23 percent stake in the company, and Foreign Institutional Investors own a 0.69 percent stake.
Company profile:-
Artefact Projects Limited offers engineering, architectural, and project management services for infrastructure projects, mostly roads. Its projects include roadways, city infrastructure, and airports. It provides specialist project services for the road sector for over 10,000 kilometers (km).
Written by:- Abhishek Singh
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