ARSS Infrastructure Projects Ltd.
Snapshot View

33.30 -0.10 ▼-0.3%

23 July 2021, 04:00:00 P.M.
Volume: 29,249

Overview View Details

Sector Infrastructure Compare with Sector peers
Industry Engineering - Construction Compare with Industry peers
Website http://www.arssgroup.in
Financial Indicators
Market Cap 74.92 Cr.
Earnings per share (EPS) -14.62 Trailing Twelve Months Ending 2020-12
Price-Earning Ratio (PE) - Trailing Twelve Months Ending 2020-12
Industry PE 47.33 Trailing Twelve Months Ending 2020-12
Book Value / Share -11.10 Trailing Twelve Months Ending 2020-12
Price to Book Value -2.97 Calculated using Price: 32.95
Dividend Yield 0.00 Period Ending 2020-03
No. of Shares Subscribed 2.27 Cr. 22,737,966 Shares
FaceValue 10
Company Profile

The company was originally incorporated as ARSS Stones Private Limited on May 17, 2000 under the Companies Act. The name of the Company was changed to ARSS Infrastructure Projects Private Limited with effect from May 20, 2005. The Company was converted to a public limited company pursuant to a special resolution of the shareholders passed at the Extraordinary General Meeting held on November 15, 2005 and the Registrar of Companies; Orissa issued a fresh certificate of incorporation on April 3, 2006 in the name of ARSS Infrastructure Projects Limited. The Promoters of the company are Rajesh Agarwal, Subash Agarwal, Sunil Agarwal, Anil Agarwal and Mohanlal Agarwal.

It started as a construction company in the field of railway infrastructure development. The company has developed an expertise in railway construction projects, which include earthwork, major and minor bridges, supply of ballast, sleepers, laying of sleepers and rails, linking of tracks etc. It executes orders for clients like Rail Vikas Nigam Limited, RITES, IRCON International Limited and railway authorities spread across various zonal jurisdictions of East Coast Railway, South Eastern Railway, South East Central Railway, Southern Railway and North Western Railway. Over the years the company has acquired the strategic equipment, intellectual know-how and technical manpower needed for executing railway works – for eg. sophisticated design, drawing, and software.

The Company is engaged in construction activities in India. It undertakes construction of railway infrastructure, roads, highways, bridges and irrigation projects. It started as a construction company in the field of railway infrastructure development, mainly in the state of Orissa and subsequently expanded the business activities in the zonal jurisdictions of East Coast Railway, South Eastern Railway, South East Central Railway, Southern Railway and North Western Railway. The company has developed expertise in railway construction projects, which includes earthwork, major and minor bridges, supply of ballast, sleepers, laying of sleepers and rails, linking of tracks etc. Over the years the company has diversified the field of activities into other construction segments such as development and construction of roads, highways, bridges, irrigation projects, EPC activities for railways. It successfully completed over 200 km rail line and more than 300 km of roads and highways.

The Company has a centralized tender department headed by General Manager- Business Development, which is responsible for applying for all pre-qualifications and tenders. The tender department evaluates the credentials of the Company vis-à-vis the stipulated eligibility criteria. The company endeavors to qualify on its own for projects in which the company proposes to bid. In the event that the company does not qualify for a project in which it is interested due to eligibility requirements relating to the size of the project or other reasons, the company may seek to form project-specific joint ventures with other relevant experienced and qualified contractors, using the combined credentials of the cooperating companies to strengthen the chances of pre-qualifying and winning the bid for the project.

The company is having presence in Eastern India, particularly in the state of Orissa. However, in recent years the company has pursued opportunities in other parts of India including states of Chhattisgarh, Rajasthan, Jharkhand, Haryana, Kerala, Andhra Pradesh, Assam, Maharashtra, Tamil Nadu, Gujarat, Uttar Pradesh and Madhya Pradesh.

The company has entered into following joint venture agreements: -

  • HCIL - ARSSSPL - TRIVENI (JV)
  • HCIL - KALINDEE - ARSSPL (JV)
  • HCIL - ADHIKARIYA - ARSS (JV)
  • NIRAJ - ARSS (JV)
  • ARSS - HCIL CONSORTIUM
  • ATLANTA - ARSS (JV)
  • PATEL - ARSS (JV)
  • ARSS - TRIVENI (JV)
  • SOM DATT BUILDERS -ARSS (JV)
  • ARSS-MVPL (JV)
  • BACKBONE-ARSS (JV)
  • ARSS-ANPR (JV)

Clientele:

The company’s clients include Ministry of Railways, State Government of Orissa, Rail Vikas Nigam Limited, RITES Limited, IRCON International Limited, National Thermal Power Corporation, Hindustan Steel Corporation Limited, PWD - Orissa, IOCL, National Highway Authority of India, Vendata, Nalco, Jindal Steel & Power Limited, etc.

Milestones:

  • 2000 - The Company ARSS Stones Private Limited was incorporated with its identity as ARSS Stones Private Limited. -The Company established a crusher unit at Nityananpur, in the district of Dhenkanal, Orissa.
  • 2002 -The Company established two more crusher plants, one at Rambha in the district of Ganjam, Orissa (which was subsequently shifted to Champajhar) and other at Champajhar situated in the district of Khurda, Orissa. -The Company diversified into the field of earthwork, rock excavation, construction of bridges & roadways and boring piles of large diameter.
  • 2003 - The Company was awarded projects of constructing 5 (five) major bridges at Bhubaneswar.
  • 2004 - The Company entered into the first joint venture with Triveni Engicons Private Limited (previously carrying on the business as a partnership firm in the name and style of M/s. Triveni Enterprises) so as to undertake and execute railway project. -The name of the Company was changed to ARSS Infrastructure Projects Private Limited.
  • 2005- The Company entered into joint ventures with other domestic and international partners viz, Harish Chandra (India) Limited (“HCIL”), Kalindee Rail Nirman (Engineers) Limited (“Kalindee”), PT Adhikaria (Persero) etc for executing road and railway projects.-The Company was converted to a public limited company-The Company received ISO 9001:2000 rating from Moody International in relation to construction of civil work like Road projects, Major Bridges, Minor Bridges. -Earthwork, railway track linking work.
  • 2006- The Company established another crusher unit, at Chhatrama in the district of Khurda. 2006
  • 2007-The Company entered into a joint venture agreement with M/s. Niraj Cement Structural Limited and the said joint venture was awarded the project for reconstruction rehabilitation of Cuttack- Paradeep road (SH- 12) from 0 to 43 kms and 43 to 82 kms.-The Company established another crusher unit at Bhanjnagar in the district of Ganjam.-The Company has expanded the business into other parts of India viz; Rajasthan, Jharkhand, Haryana and Tamil Nadu for undertaking project work of railways and roadways.
  • 2008- The Company entered into a Joint venture agreement dated January 28, 2008 with Somdatta Builders for the construction for widening and strengthening of existing carriage way to 2-lane for Chandbali- Bhadrak- Anandpur road (km. 0/0 to 45/0 of SH-9 and km. 0/0 to 50/0 of SH-53) work under world bank assisted project to government of Orissa-Received Trade mark registration from the Registrar of Trade Mark.

Awards/Achievements:

  • It has been awarded ISO 9001:2000 Quality Management System Standard Certificate by Moody International Certification Limited

Delivery View Details

Delivered Qty
Traded Qty

Performance View Details

1 Day
-0.30%
1 Week
-3.48%
1 Month
+5.71%
3 Month
+30.59%
6 Month
+25.19%
1 Year
+148.51%
2 Year
+7.42%
5 Year
-64.82%
5 years 2016-03 2017-03 2018-03 2019-03 2020-03
Return on Equity (%) 1.37 -166.86 -175.12 -42.74 31.97
Return on Capital Employed (%) 7.36 -12.34 -2.10 0.71 0.84
Return on Assets (%) 0.20 -15.06 -2.90 -0.60 0.44

Balance Sheet View Details

Particulars 5 years 2016-03 Rs. Cr. 2017-03 Rs. Cr. 2018-03 Rs. Cr. 2019-03 Rs. Cr. 2020-03 Rs. Cr.
Shh. Funds 382 31 32 20 30
Non Curr. Liab. 827 753 654 -11 -14
Curr. Liab. 1,279 1,133 1,179 1,864 1,732
Minority Int. 0 0 0 0 0
Equity & Liab. 2,488 1,917 1,865 1,874 1,748
Non Curr. Assets 1,324 1,203 1,536 1,513 1,483
Curr. Assets 1,164 714 329 361 265
Misc. Exp. not W/O 0 0 0
Total Assets 2,488 1,917 1,865 1,874 1,748

Profit Loss View Details

Particulars 5 years 2016-03 Rs. Cr. 2017-03 Rs. Cr. 2018-03 Rs. Cr. 2019-03 Rs. Cr. 2020-03 Rs. Cr.
Net Sales 623 837 584 459 289
Other Income 22 15 19 26 66
Total Income 645 852 603 485 354
Total Expenditure -438 -1,074 -617 -451 -319
PBIDT 207 -222 -14 35 35
Interest -165 -81 -41 -29 -5
Depreciation -36 -33 -24 -22 -21
Taxation -1 5 24 6 -2
Exceptional Items
PAT 5 -332 -55 -11 8

Cash Flow View Details

Particulars 5 years 2016-03 Rs. Cr. 2017-03 Rs. Cr. 2018-03 Rs. Cr. 2019-03 Rs. Cr. 2020-03 Rs. Cr.
Cash Fr. Operatn. 188 -157 84 689 -55
Cash Fr. Inv. -18 41 11 10 6
Cash Fr. Finan. -165 115 -47 -686 -9
Net Change 5 -1 48 13 -58
Cash & Cash Eqvt 76 75 65 78 20

Shareholding Pattern View Details

9 Qtrs 2019-06 (%) 2019-09 (%) 2019-12 (%) 2020-03 (%) 2020-06 (%) 2020-09 (%) 2020-12 (%) 2021-03 (%) 2021-06 (%)
Promoter 46.70 46.70 46.70 46.70 46.70 46.70 46.70 46.70 46.70
Public 53.30 53.30 53.30 53.30 53.30 53.30 53.30 53.30 53.30
Depository Receipts 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Promoter Holding Pledge (%) 24.92 24.92 24.92 24.92 24.92 24.92 24.92 24.92 24.92

Announcements View Details

Sat, 24 Jul 2021
Announcement under Regulation 30 (LODR)-Resignation of Director
Pursuant to the provisions of Regulation 30 (6) read with Schedule III of the Listing Regulations this is to inform you that Mr. Krishna Chandra Raut (DIN:03592433) Nominee director of State Bank India has tendered his resignation from the directorship of the Company with effect from 23rd July 2021 due to age and other family commitments and the same has been accepted and noted by the Board of Directors of the Company vide its Circular Resolution passed on Friday 23rd July 2021.

We further inform you that after his resignation of the Board he also ceased to be a Member of the Audit Committee Nomination and Remuneration Committee and Stakeholders Relationship Committee (Various Committees) of the Board with effect from 23rd July 2021. Consequently the board vide its circular resolution reconstituted its various committees by appointing Mr. R. P. Indoria Independent Director as members of Various Committees in place of Mr. K. C. Raut.
Fri, 16 Jul 2021
Statement Of Investor Complaints For The Quarter Ended June 2021
No.of Investor complaints pending at the beginning of the quarter No.of Investor complaints received during the quarter No.of Investor complaints disposed of during the quarter No.of Investor complaints unresolved at the end of the quarter
0000
Name of the Signatory :- Prakash Chhajer
Designation :- Company Secretary and Compliance Officer
Fri, 16 Jul 2021
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations 2018
Dear Sir/Madam

We hereby enclosed the confirmation certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations 2018 for the quarter ended 30th June 2021 received from Bigshare Services Private Limited Registrar and Share Transfer Agent of the company

Technical Scans View Details

Fri, 23 Jul 2021
Strongly Outperforming Benchmark Index Strongly Outperforming Benchmark Index
Strongly Outperforming Sectoral Index Strongly Outperforming Sectoral Index
Increasing Relative Strength - Sectoral Index Increasing Relative Strength - Sectoral Index
Close Within 2 Year High Zone Close Within 2 Year High Zone
Both SRS And ARS Above Zero Both SRS And ARS Above Zero

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