ARTNIRMAN
Art Nirman financials
- Market cap
- ₹100 Cr
- Sector
- Realty
Quarterly results
Q1 FY27: revenue up 40.7%, net profit down 185.7% 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 | 8 | 5 | 9 | 2 | 7 −20% | 3 −44% | 22 +152% | 2 +41% |
| EBITDA | 1 | 0 | 2 | -0 | 1 +114% | 0 −59% | 4 +92% | -0 −300% |
| Net profit | 1 | 0 | 1 | -0 | 0 −19% | 0 −75% | 0 −88% | -0 −186% |
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 −19.4% 1Y
1Y: ₹49.51 on 10 Sept 2025 → ₹39.92. High ₹64.27 (24 Oct 2025), low ₹29.39 (30 Mar 2026).
Financials, as filed
Revenue fell 1.6% a year over 2 years, FY24 to FY26. Operating margin widened to 14.9%.
| Year ending | FY24 | FY25 | FY26 |
|---|---|---|---|
| Revenue | ₹34 Cr | ₹27 Cr | ₹33 Cr |
| Operating profit | ₹2 Cr | ₹3 Cr | ₹5 Cr |
| Operating margin | 5.9% | 12.0% | 14.9% |
| Interest | ₹1 Cr | ₹1 Cr | ₹4 Cr |
| Depreciation | ₹1 Cr | ₹1 Cr | ₹0 Cr |
| Net profit | ₹1 Cr | ₹2 Cr | ₹1 Cr |
| Net margin | 3.4% | 7.3% | 1.6% |
| Cash from operations | ₹2 Cr | ₹-13 Cr | ₹-47 Cr |
| Free cash flow | ₹2 Cr | ₹-13 Cr | ₹-47 Cr |
| ROCE | 4.6% | 6.6% | 5.8% |
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 | ₹25 Cr | ₹25 Cr | ₹25 Cr | ₹25 Cr | ₹25 Cr | ₹25 Cr |
| Reserves | ₹20 Cr | ₹9 Cr | ₹9 Cr | ₹10 Cr | ₹13 Cr | ₹12 Cr |
| Borrowings | ₹5 Cr | ₹0 Cr | ₹3 Cr | ₹3 Cr | ₹20 Cr | ₹73 Cr |
| Other liabilities | ₹13 Cr | ₹11 Cr | ₹15 Cr | ₹15 Cr | ₹31 Cr | ₹32 Cr |
| Total liabilities | ₹63 Cr | ₹45 Cr | ₹52 Cr | ₹53 Cr | ₹88 Cr | ₹142 Cr |
| Fixed assets | ₹7 Cr | ₹6 Cr | ₹6 Cr | ₹5 Cr | ₹4 Cr | ₹4 Cr |
| Capital work in progress | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| Investments | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| Other assets | ₹56 Cr | ₹38 Cr | ₹46 Cr | ₹48 Cr | ₹84 Cr | ₹138 Cr |
| Total assets | ₹63 Cr | ₹45 Cr | ₹52 Cr | ₹53 Cr | ₹88 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 3,084.
- Promoters
- 73.8%
- Public
- 26.3%
Since Jun 2025
- Promoters 0.00 pp
- Public 0.00 pp
How it drifted, 12 quarters
Ownership split by quarter, oldest first. Sep '23: Promoters 73.8%, Public 26.3%.Dec '23: Promoters 73.8%, Public 26.3%.Mar '24: Promoters 73.8%, Public 26.3%.Jun '24: Promoters 73.8%, Public 26.3%.Sep '24: Promoters 73.8%, Public 26.3%.Dec '24: Promoters 73.8%, Public 26.3%.Mar '25: Promoters 73.8%, Public 26.3%.Jun '25: Promoters 73.8%, Public 26.3%.Sep '25: Promoters 73.8%, Public 26.3%.Dec '25: Promoters 73.8%, Public 26.3%.Mar '26: Promoters 73.8%, Public 26.3%.Jun '26: Promoters 73.8%, Public 26.3%.
Who is on the register
Named in the Jun 2026 filing
Every holder of Art Nirman Limited above SEBI's 1% disclosure line, and what changed since Mar 2026.
| Holder | Stake | Change |
|---|---|---|
| Ashokkumar Raghuram Thakker | 66.75% | unchanged |
| Dharmisthaben Ashokkumar Thakkar | 3.51% | unchanged |
| Piyushkumar C Thakkar | 3.49% | unchanged |
| Ajaykumar Jamnalal Pujara | 3.43% | unchanged |
| Kevin Arvindkumar Thakkar | 1.76% | unchanged |
| Maulik Arvindbhai Thakkar | 1.66% | unchanged |
| Kamlesh Amrutlal Pujara | 1.61% | unchanged |
| Thakkar Mayurkumar Jayantilal (Huf) | 1.61% | unchanged |
| Chiragkumar Jayantilal Thakkar | 1.56% | unchanged |
| Nareshkumar Amratlal Pujara Huf . | 1.26% | unchanged |
| Alpeshkumar Chimanbhai Patel | 0.00% | unchanged |
| Thakker Raghurambhai Vasr Ambhai . | 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.
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