Artson

BSE: ARTSON · Industrial Products

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52W Range₹125 – ₹228

Snapshot

Unlock Artson's vital signs

Growth · Profitability · Valuation · Strength · Conviction

Company Overview

Business

Artson is an engineering, procurement, and construction company specializing in complex industrial infrastructure projects for the oil, gas, petrochemical, and chemical sectors. As a subsidiary of Tata Projects Limited, it undertakes the fabrication of heavy equipment, pressure vessels, and storage terminals from its manufacturing facilities in Nashik and Nagpur.

Business Model

The company generates revenue by executing engineering, procurement, and construction contracts, alongside mechanical and piping works for major industrial clients. It also monetises its technical expertise through the fabrication of heavy equipment and heat exchangers.

Growth Outlook

Growth is underpinned by rising industrial capital expenditure in the oil, gas, and chemical sectors across domestic and select international markets. The company also benefits from leveraging its association with the Tata umbrella to secure critical infrastructure and fabrication contracts.

Key Risks

  • Project Execution Delays. Delays in large-scale engineering, procurement, and construction projects can lead to cost overruns and lower profitability.
  • Cyclicality in Oil and Gas Sector. Demand for industrial infrastructure depends heavily on capital expenditure cycles within the oil, gas, and petrochemical industries.
  • Raw Material Price Volatility. Fluctuations in the prices of steel and other essential fabrication materials can impact profit margins on fixed-price contracts.

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Key Metrics

REVENUE

₹145 Cr

TTM · standalone

+8.7%YoY

NET PROFIT

₹17 Cr

TTM · standalone

+314.5%YoY

EPS

₹4.72

TTM · standalone

+314.0%YoY

RETURN ON EQUITY

686.8%

TTM · standalone

+597.1 ppYoY

RETURN ON CAPITAL EMPLOYED

128.0%

TTM · standalone

+67.6 ppYoY

P/E

33.1x

Q1 FY27 · standalone

33.1 vs 28.3x5Y avg

EV/EBITDA

20.5x

Q1 FY27 · standalone

20.5 vs 32.8x5Y avg

EBITDA MARGIN

22.6%

TTM · standalone

+9.2 ppYoY

NET PROFIT MARGIN

-1.6%

Q1 FY27 · standalone

-2.1 ppYoY

DEBT TO EQUITY

136.8x

Q1 FY27 · standalone

+126.59xYoY

Peers · Industrial Products

CompanyMkt CapP/EEV/EBITDARev Gr YoYEBITDA MgnROEROCE1Y Return
ArtsonARTSON
₹619 Cr33.1420.508.7%22.6%686.8%128.0%-24.1%
Integra Engineering India Ltd.INTEGRAEN
₹621 Cr41.7223.10-5.1%16.6%14.4%21.1%-24.3%
Tipco Engineering India LtdTIPCO
₹601 Cr———26.0%———
Satani BearingsSATANIBRG
₹582 Cr———-4300.0%314.3%275.0%—
Captain Technocast LimitedCTCL
₹557 Cr———13.0%——0.0%
Cospower Engineering LimitedCOSPOWER
₹541 Cr———21.0%——+383.7%

As of Q1 FY27

Financials