Introduction
Artefact Projects Ltd. is a penny stock in the engineering sector company that has recently received a new order from Indian Highways. In this article, we will discuss the functioning of the company, its current position in the stock market, information about the returns, and the details of the new order.
Artefact Projects Ltd. Company Information
Artefact Projects Ltd. was established in 1987 as an infrastructure consultancy service. The company specializes in areas such as highways, airports, and urban development projects. They are certified by 9001:2000 and have 25 project offices across India. The company’s clients include the Airport Authority of India, National Highway Authority of India, Ministry of State Program Employment and Corporation, and Mumbai Municipal Corporation.
Artefact Projects Ltd. Current Status
The market cap of Artefact Projects Ltd. is Rs 38.19 crores. The company has a debt of Rs 12.79 crores, and the promoter holding is 39.09%. The company has Rs 5.18 crores available as free cash. The sales growth of the company is 22.93% and the profit growth is 29.23%. The company’s ROE is 10.10% and ROCE is 12.36%.
Return Information for Last 5 Years
In the last 6 months, Artefact Projects Ltd. has achieved a 34% return. In the last 1 year, the return is 22%, and in the last 3 years, the return is 24%. Over the last 5 years, the company has achieved a return of 2.8%.
New Order of Indian National Highway
In the annual results presented in March 2023, Artefact Projects Ltd. showed good growth compared to the previous year. However, the results presented in June 2023 were weaker than the previous quarter. The current trading price of the company’s shares is ₹ 52, with a 52-week high of ₹ 71 and a 52-week low of ₹ 30. The company has received orders worth Rs 14.7 crore from the National Highway Authority of India. These orders include NH1 in Gujarat, NH16 in Kakinada under the Bharatmala project, and the operation of NH26 in Uttar Pradesh and Madhya Pradesh.
Disclaimer: The purpose of this news article is to provide information only. Akhandindia.com.in does not provide investment advice. Investing in the stock market carries risks, so it is advisable to seek expert opinion before making any investment decisions.
READ MORE: Debt-free Rs 60 shares get orders worth Rs 2,000 crore
