AEPL
Artemis Electricals and Projects financials
- Market cap
- ₹439 Cr
- Sector
- Capital Goods
Quarterly results
Q1 FY27: revenue down 17.6%, net profit down 4.4% 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 | 4 | 18 | 37 | 20 | 16 +293% | 4 −77% | 41 +9% | 16 −18% |
| EBITDA | 1 | 4 | 5 | 2 | 5 +247% | 1 −67% | 4 −17% | 2 −1% |
| Net profit | 1 | 3 | 4 | 1 | 4 +345% | 1 −69% | 3 −19% | 1 −4% |
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 −5.4% YTD
YTD: ₹18.19 on 12 Mar 2026 → ₹17.21. High ₹19.66 (10 Apr 2026), low ₹13.99 (30 Mar 2026).
Financials, as filed
Revenue grew 39.6% a year over 2 years, FY24 to FY26. Operating margin narrowed to 15.5%.
| Year ending | FY24 | FY25 | FY26 |
|---|---|---|---|
| Revenue | ₹41 Cr | ₹72 Cr | ₹81 Cr |
| Operating profit | ₹8 Cr | ₹11 Cr | ₹12 Cr |
| Operating margin | 18.7% | 15.4% | 15.5% |
| Interest | ₹1 Cr | ₹0 Cr | ₹0 Cr |
| Depreciation | ₹1 Cr | ₹1 Cr | ₹1 Cr |
| Net profit | ₹4 Cr | ₹8 Cr | ₹9 Cr |
| Net margin | 9.9% | 10.7% | 11.0% |
| Cash from operations | ₹21 Cr | ₹41 Cr | ₹14 Cr |
| Free cash flow | ₹17 Cr | ₹11 Cr | ₹14 Cr |
| ROCE | 6.6% | 11.7% | 13.0% |
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 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Equity capital | ₹25 Cr | ₹25 Cr | ₹25 Cr | ₹25 Cr | ₹25 Cr |
| Reserves | ₹45 Cr | ₹51 Cr | ₹54 Cr | ₹66 Cr | ₹71 Cr |
| Borrowings | ₹30 Cr | ₹28 Cr | ₹12 Cr | ₹2 Cr | ₹2 Cr |
| Other liabilities | ₹26 Cr | ₹23 Cr | ₹19 Cr | ₹43 Cr | ₹44 Cr |
| Total liabilities | ₹126 Cr | ₹127 Cr | ₹110 Cr | ₹136 Cr | ₹142 Cr |
| Fixed assets | ₹15 Cr | ₹13 Cr | ₹12 Cr | ₹14 Cr | ₹10 Cr |
| Capital work in progress | ₹14 Cr | ₹21 Cr | ₹26 Cr | ₹56 Cr | ₹56 Cr |
| Investments | ₹3 Cr | ₹4 Cr | ₹4 Cr | ₹0 Cr | ₹4 Cr |
| Other assets | ₹94 Cr | ₹89 Cr | ₹68 Cr | ₹67 Cr | ₹72 Cr |
| Total assets | ₹126 Cr | ₹127 Cr | ₹110 Cr | ₹136 Cr | ₹142 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 9% to 18,850.
- Promoters
- 72.5%
- Public
- 27.5%
Since Jun 2025
- Public −0.01 pp
- Promoters 0.00 pp
How it drifted, 12 quarters
Ownership split by quarter, oldest first. Sep '23: Promoters 72.4%, Public 27.6%.Dec '23: Promoters 72.5%, Public 27.6%.Mar '24: Promoters 72.5%, Public 27.5%.Jun '24: Promoters 72.5%, Public 27.6%.Sep '24: Promoters 72.5%, Public 27.6%.Dec '24: Promoters 72.5%, Public 27.6%.Mar '25: Promoters 72.5%, Public 27.6%.Jun '25: Promoters 72.5%, Public 27.6%.Sep '25: Promoters 72.5%, Public 27.6%.Dec '25: Promoters 72.5%, Public 27.5%.Mar '26: Promoters 72.5%, Public 27.5%.Jun '26: Promoters 72.5%, Public 27.5%.
Who is on the register
Named in the Jun 2026 filing
Every holder of Artemis Electricals and Projects Limited above SEBI's 1% disclosure line, and what changed since Mar 2026.
| Holder | Stake | Change |
|---|---|---|
| Yashvikram Infrastructure Private Limited | 22.82% | unchanged |
| Garuda Aviation Services Private Limited | 21.39% | unchanged |
| Pravinkumar Brijendrakumar Agarwal | 13.86% | unchanged |
| Master Merchants Pvt Ltd | 11.05% | unchanged |
| Ayesspea Holdings And Investments Private Limited | 10.59% | unchanged |
| Sachet Exports Private Limited | 7.52% | unchanged |
| Satish Tanaji Lad | 4.74% | unchanged |
| Jyotsna Agarwal | 2.20% | unchanged |
| Deepa Travel Private Limited | 1.59% | unchanged |
| Alokkumar Vijendra Agrawal | 0.00% | 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.
What the price assumes
AttractiveTo justify its price of ₹17, this stock must grow earnings at 30% every year for 7 years. Our analysis caps realistic growth at ~46%. At that growth it is worth ₹36 — upside of 107%.
- Growth the price implies
- 30.3% a year
- for 7 years, fading to 4%
- It has actually compounded at
- 46.9% a year
- net profit, FY24–FY26 · EPS 45.8%
- The gap
- -0.2 pp
- 107% downside if it only repeats history
Learn to analyse Artemis Electricals and Projects Limited
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