Artefact Project
BSE: ARTEFACT · Consulting Services
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Snapshot
Unlock Artefact Project's vital signs
Growth · Profitability · Valuation · Strength · Conviction
Company Overview
Business
Artefact Projects Limited is an Indian professional services firm specialising in infrastructure consultancy for highways, airports, and urban development. The company provides end-to-end engineering solutions, including feasibility studies, detailed design, and construction supervision for large-scale government projects.
Business Model
The company generates revenue by providing technical consultancy and project management services to government bodies and public sector undertakings. It operates primarily through long-term contracts for infrastructure development and civil engineering oversight.
Management Commentary
Management focuses on leveraging technical expertise to secure complex civil engineering mandates within the domestic infrastructure sector while selectively expanding its international footprint.
Growth Outlook
Growth is driven by the sustained emphasis on national infrastructure development, particularly road and airport connectivity projects. The company aims to capitalise on its established relationships with the National Highways Authority of India and state-level development corporations.
Key Risks
- Concentration Risk. High dependency on government-funded infrastructure projects makes the company vulnerable to shifts in public spending and policy priorities.
- Execution Risk. Delays in large-scale infrastructure projects can lead to cost overruns and extended working capital cycles for consultancy firms.
- Competitive Pressure. The infrastructure consultancy sector in India is highly fragmented, leading to intense price competition during the tendering process.
- Geopolitical Risk. International operations in Africa and the Middle East expose the company to regulatory, currency, and political instability in those regions.
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Peers · Consulting Services
| Company | Mkt Cap | P/E | EV/EBITDA | Rev Gr YoY | EBITDA Mgn | ROE | ROCE | 1Y Return |
|---|---|---|---|---|---|---|---|---|
Artefact ProjectARTEFACT | ₹38 Cr | — | — | — | 15.6% | — | — | -20.8% |
Iirm Holdings India LimitedIIRM | ₹891 Cr | — | — | — | 28.4% | — | — | +61.1% |
Qualitek LabsQLL | ₹537 Cr | — | — | — | 24.5% | — | — | +38.1% |
Likhami Consulting LimitedLIKHAMI | ₹284 Cr | — | — | — | 41.0% | — | — | — |
As of Mar 2026
Financials
Artefact Project
BSE: ARTEFACT · Consulting Services
Limited coverage
We are not actively covering this company or have limited coverage today. Click to request coverage.
Snapshot
Unlock Artefact Project's vital signs
Growth · Profitability · Valuation · Strength · Conviction
Company Overview
Business
Artefact Projects Limited is an Indian professional services firm specialising in infrastructure consultancy for highways, airports, and urban development. The company provides end-to-end engineering solutions, including feasibility studies, detailed design, and construction supervision for large-scale government projects.
Business Model
The company generates revenue by providing technical consultancy and project management services to government bodies and public sector undertakings. It operates primarily through long-term contracts for infrastructure development and civil engineering oversight.
Management Commentary
Management focuses on leveraging technical expertise to secure complex civil engineering mandates within the domestic infrastructure sector while selectively expanding its international footprint.
Growth Outlook
Growth is driven by the sustained emphasis on national infrastructure development, particularly road and airport connectivity projects. The company aims to capitalise on its established relationships with the National Highways Authority of India and state-level development corporations.
Key Risks
- Concentration Risk. High dependency on government-funded infrastructure projects makes the company vulnerable to shifts in public spending and policy priorities.
- Execution Risk. Delays in large-scale infrastructure projects can lead to cost overruns and extended working capital cycles for consultancy firms.
- Competitive Pressure. The infrastructure consultancy sector in India is highly fragmented, leading to intense price competition during the tendering process.
- Geopolitical Risk. International operations in Africa and the Middle East expose the company to regulatory, currency, and political instability in those regions.
Start your research today
Unlock AI insights, financials, peers and live data on Artefact Project and 5,000+ companies — free.
Peers · Consulting Services
As of Mar 2026