522134
Artson financials
- Market cap
- ₹620 Cr
- Sector
- Capital Goods
What Artson does
Artson Limited (formerly Artson Engineering Limited), a Tata Enterprise and subsidiary of Tata Projects Limited, manufactures process plant equipment, fabricates structures, builds and erects storage tanks (including for aviation fuel and ammonia), and fabricates/erects ship hull blocks. It operates its own manufacturing units at Nashik and Parli and also executes hull-block fabrication and erection work as a subcontractor at Garden Reach Shipbuilders & Engineers (GRSE) for naval vessels. The company earns revenue by executing project-based manufacturing and EPC-type orders for industrial, infrastructure, oil & gas, and defence/shipbuilding clients.
Segments
- Manufacturing (process plant equipment)
- Tankage & EPC
- Shipbuilding
- Infrastructure / structural fabrication
- Modularization & Containers
- Manufacturing units
- 2 (Nashik and Parli, Maharashtra)
- Parli Unit fabrication capacity
- ~600 MT/month, targeting 1,000 MT/month
- Parli Unit output (FY25)
- 4,200 MT of fabricated steel structures
- Nashik Unit throughput (FY25)
- 1,860+ MT of carbon steel processed
- Nashik plate-handling capability
- 100+ mm thick plates, all metallurgies incl. cryogenic and titanium
- Storage tanks built (track record)
- 500+ large storage tanks over four decades
Quarterly results
Q1 FY27: revenue down 41.6%, net profit down 286.4% against the same quarter last year.
| Line item | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 20 | 18 | 51 | 45 | 48 +147% | 32 +79% | 39 −24% | 26 −42% |
| EBITDA | -2 | -7 | 4 | 3 | -0 +98% | -14 −98% | 6 +41% | 1 −64% |
| Net profit | -3 | 6 | 1 | 0 | -2 +25% | -12 −292% | 3 +460% | -0 −286% |
How to read this
₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Performance −2.9% 1Y
1Y: ₹170 on 10 Sept 2025 → ₹165. High ₹216.85 (23 Sept 2025), low ₹127 (9 Jan 2026).
Financials, as filed
Revenue grew 7.5% a year over 3 years, FY23 to FY26. Operating margin widened to -3.4%.
| Year ending | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|
| Revenue | ₹132 Cr | ₹128 Cr | ₹114 Cr | ₹164 Cr |
| Operating profit | ₹-10 Cr | ₹14 Cr | ₹-3 Cr | ₹-5 Cr |
| Operating margin | -8.0% | 10.9% | -2.2% | -3.4% |
| Interest | ₹10 Cr | ₹10 Cr | ₹10 Cr | ₹8 Cr |
| Depreciation | ₹1 Cr | ₹2 Cr | ₹2 Cr | ₹3 Cr |
| Net profit | ₹-24 Cr | ₹6 Cr | ₹3 Cr | ₹-11 Cr |
| Net margin | -17.8% | 4.7% | 3.1% | -6.7% |
| Cash from operations | ₹-4 Cr | ₹-4 Cr | ₹20 Cr | ₹-5 Cr |
| Free cash flow | ₹-7 Cr | ₹-7 Cr | ₹18 Cr | ₹-8 Cr |
| ROCE | -22.0% | 23.0% | 25.0% | -15.0% |
How to read this
From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.
Balance sheet
| Year ending | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| Equity capital | ₹4 Cr | ₹4 Cr | ₹4 Cr | ₹4 Cr | ₹4 Cr | ₹4 Cr |
| Reserves | ₹-4 Cr | ₹-3 Cr | ₹-19 Cr | ₹-3 Cr | ₹-1 Cr | ₹-3 Cr |
| Borrowings | ₹54 Cr | ₹53 Cr | ₹59 Cr | ₹64 Cr | ₹49 Cr | ₹54 Cr |
| Other liabilities | ₹121 Cr | ₹87 Cr | ₹112 Cr | ₹86 Cr | ₹93 Cr | ₹69 Cr |
| Total liabilities | ₹175 Cr | ₹141 Cr | ₹156 Cr | ₹151 Cr | ₹144 Cr | ₹123 Cr |
| Fixed assets | ₹10 Cr | ₹11 Cr | ₹12 Cr | ₹17 Cr | ₹14 Cr | ₹14 Cr |
| Capital work in progress | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹3 Cr | ₹3 Cr |
| Investments | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| Other assets | ₹165 Cr | ₹129 Cr | ₹144 Cr | ₹134 Cr | ₹127 Cr | ₹107 Cr |
| Total assets | ₹175 Cr | ₹141 Cr | ₹156 Cr | ₹151 Cr | ₹144 Cr | ₹123 Cr |
How to read this
As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.
Who owns it
As disclosed at Jun 2026
The ownership split has held steady since Jun 2025. The shareholder count shrank 6% to 17,719.
- Promoters
- 75.0%
- DIIs
- 0.0%
- Public
- 25.0%
Since Jun 2025
- Promoters 0.00 pp
- DIIs 0.00 pp
- Public 0.00 pp
How it drifted, 12 quarters
Ownership split by quarter, oldest first. Sep '23: Promoters 75.0%, DIIs 0.0%, Public 25.0%.Dec '23: Promoters 75.0%, DIIs 0.0%, Public 25.0%.Mar '24: Promoters 75.0%, DIIs 0.0%, Public 25.0%.Jun '24: Promoters 75.0%, DIIs 0.0%, Public 25.0%.Sep '24: Promoters 75.0%, DIIs 0.0%, Public 25.0%.Dec '24: Promoters 75.0%, DIIs 0.1%, Public 24.9%.Mar '25: Promoters 75.0%, DIIs 0.0%, Public 25.0%.Jun '25: Promoters 75.0%, DIIs 0.0%, Public 25.0%.Sep '25: Promoters 75.0%, DIIs 0.0%, Public 25.0%.Dec '25: Promoters 75.0%, DIIs 0.0%, Public 25.0%.Mar '26: Promoters 75.0%, DIIs 0.0%, Public 25.0%.Jun '26: Promoters 75.0%, DIIs 0.0%, Public 25.0%.
Who is on the register
Named in the Jun 2026 filing
Every holder of Artson above SEBI's 1% disclosure line, and what changed since Mar 2026.
| Holder | Stake | Change |
|---|---|---|
| Tata Projects Limited | 75.00% | unchanged |
| Consortium Securities Private Limited | 1.14% | unchanged |
| Guttikonda Vara Lakshmi | 1.03% | unchanged |
A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.
Learn to analyse Artson
Guides on how to read this kind of business and the numbers that matter.