ARTSON share price & results
- Sept 2026
- Sept 2026
Tata Projects-owned fabricator of process plant equipment, storage tanks, structural steel and shipbuilding hull blocks, operating manufacturing units at Nashik and Parli
Reported
The figures, each with its period
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 38.7 | −19.6% YoY | Quarterly, as filed | Quarter to Sept 2026 | Revenue from operations as filed. |
| Operating margin | 12.9 | +13.0 pts YoY | Operating profit / revenue | Quarter to Sept 2026 | For the quarter; a change is in percentage points. |
| Net profit | 2.0 | Quarterly, as filed | Quarter to Sept 2026 | Profit after tax as filed. The year-earlier figure was zero or a loss, so no percentage is shown. | |
| Return on equity | Trailing twelve months | TTM to Sept 2026 | Not in the analysed materials. No older figure is substituted. | ||
| Free cash flow margin | -4.62 | −20.1 pts | Fiscal year | FY ending Mar 2026 | (Operating cash flow − fixed-asset purchases + disposals) ÷ revenue. |
| Revenue growth (YoY) | -16.31 | +54.8 pts | Trailing twelve months | TTM to Sept 2026 | Revenue change against the same period one year earlier. |
Price
Performance −20.8% 1Y
1Y: ₹177.2 on 20 Oct 2025 → ₹140.4. High ₹211.25 (19 Jun 2026), low ₹127 (9 Jan 2026).
- Previous close
- ₹132.05
- Market cap
- ₹579 Cr
- 52-week range
- ₹127 – ₹211.25
- One year
- −16.68%
Overview
- Symbol
- NSE:ARTSON
- Sector
- Capital Goods
- Industry
- Industrials
- Exchange
- NSE
- Currency
- INR
What ARTSON LIMITED does
Based on the company's own presentations, annual report and earnings calls.
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
Fundamentals
Ratios, each with its period
Current values with the period they cover; the trend reads across the 6 fiscal years held (Mar 2021 to Mar 2026).
Financials
What the filings say
Net profit, year on year: +190% (quarter to sept 2026 against sept 2025).
| Line item | Dec 2024 | Mar 2025 | Jun 2025 | Sept 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sept 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 18 | 51 | 45 | 48 | 32 | 39 | 26 | 39 |
| Expenses | 25 | 47 | 41 | 48 | 46 | 33 | 25 | 34 |
| Operating profit | -7 | 4 | 3 | -0 | -14 | 6 | 1 | 5 |
| Operating margin | −40.6% | 7.7% | 7.5% | −0.1% | −44.9% | 14.3% | 4.5% | 12.9% |
| Other income | 19 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest | 2 | 3 | 2 | 2 | 2 | 2 | 2 | 2 |
| Depreciation | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| Profit before tax | 9 | 1 | 0 | -3 | -17 | 3 | -1 | 3 |
| Tax rate | 28.0% | 23.8% | 53.2% | −26.3% | −27.7% | −1.8% | −46.8% | 26.5% |
| Net profit | 6 | 1 | 0 | -2 | -12 | 3 | -0 | 2 |
| EPS (₹ per share) | 1.73 | 0.16 | 0.06 | -0.61 | -3.31 | 0.91 | -0.11 | 0.54 |
| Line item | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| Sales | 132 | 128 | 114 | 164 |
| Expenses | 142 | 114 | 116 | 169 |
| Operating profit | -10 | 14 | -3 | -5 |
| Other income | 1 | 1 | 19 | 0 |
| Interest | 10 | 10 | 10 | 8 |
| Depreciation | 1 | 2 | 2 | 3 |
| Profit before tax | -21 | 2 | 5 | -16 |
| Net profit | -24 | 6 | 3 | -11 |
| Line item | Mar 2023 | Mar 2024 | Mar 2025 | Sept 2025 | Mar 2026 | Sept 2026 |
|---|---|---|---|---|---|---|
| Equity capital | 4 | 4 | 4 | 4 | 4 | 4 |
| Reserves | -19 | -3 | 1 | -1 | -3 | -1 |
| Borrowings | 59 | 64 | 49 | 49 | 54 | 53 |
| Other liabilities | 112 | 86 | 118 | 93 | 69 | 64 |
| Total liabilities | 156 | 151 | 172 | 144 | 123 | 119 |
| Fixed assets | 12 | 17 | 14 | 14 | 14 | 12 |
| Capital work in progress | 0 | 0 | 0 | 3 | 3 | 3 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 |
| Other assets | 144 | 134 | 158 | 127 | 107 | 104 |
| Total assets | 156 | 151 | 172 | 144 | 123 | 119 |
| Line item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Cash from operations | 16 | 14 | -4 | -4 | 20 | -5 |
| Cash from investing | -2 | -2 | -2 | -1 | 7 | 5 |
| Cash from financing | 7 | -16 | 7 | 5 | -23 | -4 |
| Net cash flow | 21 | -4 | 0 | 0 | 5 | -5 |
| Free cash flow | 14 | 12 | -7 | -7 | 18 | -8 |
| Line item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Debtor days | 155 | 121 | 149 | 129 | 199 | 76 |
| Inventory days | 59 | 47 | 245 | 182 | 302 | 103 |
| Days payable | 459 | 354 | 551 | 401 | 756 | 326 |
| Cash conversion cycle | -245 | -187 | -157 | -91 | -256 | -148 |
| Working capital days | -30 | -29 | -53 | -18 | 10 | -6 |
| Return on capital employed | 9.0% | 12.0% | −22.0% | 23.0% | 25.0% | −15.0% |
| Dividend payout | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
Ownership
Who owns it
Promoters hold 75.00% as of Sept 2026; institutions added 0.00 pts since Jun 2026.
- Promoters 75.00%
- Foreign institutions 0.00%
- Domestic institutions 0.01%
- Public 24.98%
Who is on the register
Named in the Sep 2026 filing
Every holder of ARTSON LIMITED above SEBI's 1% disclosure line, and what changed since Jun 2026.
| Holder | Stake | Change |
|---|---|---|
| 75.00% | unchanged | |
| 1.14% | unchanged | |
| 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.
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