Artson Engineering Ltd.
Snapshot View

60.20 -0.25 ▼-0.4%

23 July 2021, 04:00:00 P.M.
Volume: 24,621

Overview View Details

Sector Capital Goods Compare with Sector peers
Industry Engineering - Industrial Equipments Compare with Industry peers
Website http://www.artson.net
Financial Indicators
Market Cap 219.30 Cr.
Earnings per share (EPS) -0.16 Trailing Twelve Months Ending 2021-06
Price-Earning Ratio (PE) - Trailing Twelve Months Ending 2021-06
Industry PE 85.96 Trailing Twelve Months Ending 2021-06
Book Value / Share 0.01 Trailing Twelve Months Ending 2021-06
Price to Book Value 5,940.00 Calculated using Price: 59.40
Dividend Yield 0.00 Period Ending 2020-03
No. of Shares Subscribed 3.69 Cr. 36,920,000 Shares
FaceValue 1
Company Profile

Artson Engineering, a subsidiary of Tata Projects is a multi-disciplinary design and construction services company. It was incorporated on Sept. 18, 1978 and converted into a public limited company on Sept. 22, 1986. The registered office is located at 426, M.L. Aggarwal Building, 1st Floor, Waman Tukaram Patil Marg, Opposite Shatabdi Hospital, Chembur, Mumbai-400071.

Since inception, the Company was engaged in pioneering work in developing products and systems in fuel handling and tankage construction activities in Refineries, this led the Company to become one of the foremost companies in India with specialization in Petroleum Storage and handling systems. In the year 1990, the Company established its own manufacturing facility at Ambad (Nashik) to support its Engineering Procurement and Construction (EPC) projects. By the Year 1994, the Company was already engaged in the multidisciplinary engineering activities.

Over the years, the Company has developed its capabilities in the multi-disciplinary construction fields for the Hydrocarbon process industry and has successfully executed, on turn-key basis, many prestigious construction contracts. The Company has thus emerged as one of the leading Design Engineering Procurement and Construction Companies in the Petroleum Storage and handling system. During the span of three decades, the Company has successfully commissioned, on turn-key basis, several fuel storage and handling facility systems and emerged as one of the foremost companies in the country which specializes in such systems. The Company’s expertise has gradually expanded beyond the Country and has been executing prestigious overseas contracts as well.

As per the Audited Balance Sheet as on 30th September 2004, the Company's networth was fully eroded due to the accumulated losses. As a consequence, the Company was referred to the BIFR as a sick company under the provisions of Section 3 (1) (O) of the Sick Industrial Companies (Special Provisions) Act, 1985. The Company's reference as a sick company was registered under Case No. 152/ 2004 with the BIFR. At the hearing held on 17th May 2006 before the BIFR, Bank of India was appointed as the Operating Agency to examine viability of the Company and if found feasible, to formulate a rehabilitation scheme.

The Operating Agency submitted a Draft Rehabilitation Scheme on 5th June 2007 and the same was circulated to various parties for their consent. At the hearing held on 27th November 2007, the BIFR sanctioned the Rehabilitation Scheme of the Company and the Order sanctioning the scheme of rehabilitation was received on 18th December, 2007 (Sanctioned Scheme).

In terms of the Sanctioned Scheme, Tata Projects Limited (TPL), has been admitted as the Strategic Investor and Co-promoter of the Company. TPL has committed financial assistance of more than Rs. 28 Crore, of which it has already infused funds aggregating to about Rs. 23 Crore. TPL has acquired 75% stake infusing a sum of Rs.2.77 Crore towards Equity contribution. The Company has thus become a subsidiary of Tata Projects Limited.

TPL has also taken the Management Control of the Company and has inducted its representatives as Nominee Directors on the Board of the Company on 4th January, 2008. In addition to the support in the rehabilitation of the Company as per the Sanctioned Scheme, the Company is in a position to derive benefits from TPL on many grounds including professional management, project execution intellect, quality services, TPL’s strong presence in core sectors of the economy and good governance practices.

Artson Engineering’s Core Competency:

Engineering, Procurement, Construction (EPC) Contracts

EPC services in Oil and Gas Sector. We specialize in Storage Terminals for Oil and Gas. Artson has a strong base in Engineering encompassing Designing, detailing, Layouts, Pipe stress analysis, Civil, Mechanical, Electricals and Instrumentation and commissioning assistance. Has efficient Supply Chain Management which handles all Procurement and ensures timely delivery to the Projects. Project Management teams ensuring timely construction activity with due importance to Quality and Safety. 

Construction Contracts

Proven track record of executing a number of Constructions contracts in multi disciplinary areas like Oil and Gas , Power, Food processing field. Artson employs sound Site Construction Management for Planning, Safety and Quality to Standards and specified codes, timely delivery of Contracts surpassing Customer’s requirements for Quality and Safety.

Manufacturing Division

Modern Manufacturing facilities located in Industrial Area of Ambad near the city of Nashik, about 180 kms from Mumbai. The facility is logistically and strategically located to cater for requirements of Clients in India and Overseas. Manufacturing unit manufactures Pressure Vessels, Skid Mounted Units, Structurals, Prefabricated Tanks and Prefabricated Piping. The company has proven track record of manufacturing complex equipment with various materials of Construction like Carbon Steel, Stainless Steel, Hastelloy, Alloy 20 and Incoloy.

Delivery View Details

Delivered Qty
Traded Qty

Performance View Details

1 Day
-0.41%
1 Week
+2.73%
1 Month
+28.63%
3 Month
+32.45%
6 Month
+72.00%
1 Year
+133.33%
2 Year
+22.98%
5 Year
+31.73%
9 years 2012-03 2013-03 2014-03 2015-03 2016-03 2017-03 2018-03 2019-03 2020-03
Return on Equity (%) 22.10 -29.50 -13.71
Return on Capital Employed (%) -19.08 -127.16 -94.94 70.89 37.26 19.90 32.26
Return on Assets (%) -13.96 -53.06 -12.43 -2.98 1.93 28.37 1.50 -1.50 -0.52

Balance Sheet View Details

Particulars 9 years 2012-03 Rs. Cr. 2013-03 Rs. Cr. 2014-03 Rs. Cr. 2015-03 Rs. Cr. 2016-03 Rs. Cr. 2017-03 Rs. Cr. 2018-03 Rs. Cr. 2019-03 Rs. Cr. 2020-03 Rs. Cr.
Shh. Funds -16 -55 -64 -66 -62 6 6 6 5
Non Curr. Liab. 13 40 42 42 37 -4 2 -10 15
Curr. Liab. 87 80 91 88 137 78 86 135 135
Minority Int.
Equity & Liab. 84 64 70 64 112 80 94 131 155
Non Curr. Assets 23 28 25 23 15 13 15 12 19
Curr. Assets 62 36 45 41 97 67 79 119 136
Misc. Exp. not W/O
Total Assets 84 64 70 64 112 80 94 131 155

Profit Loss View Details

Particulars 9 years 2012-03 Rs. Cr. 2013-03 Rs. Cr. 2014-03 Rs. Cr. 2015-03 Rs. Cr. 2016-03 Rs. Cr. 2017-03 Rs. Cr. 2018-03 Rs. Cr. 2019-03 Rs. Cr. 2020-03 Rs. Cr.
Net Sales 60 59 79 65 110 101 132 158 163
Other Income 1 0 1 0 4 6 9 4 7
Total Income 61 59 80 65 114 107 141 162 170
Total Expenditure -66 -89 -81 -62 -107 -96 -129 -153 -152
PBIDT -6 -30 -2 3 7 11 12 8 18
Interest -6 -7 -5 -3 -4 -4 -5 -7 -10
Depreciation -2 -2 -2 -2 -2 -1 -1 -1 -2
Taxation 0 0 21 -4 -2 -7
Exceptional Items 0 -1 0
PAT -13 -39 -8 -2 2 27 1 -2 -1

Cash Flow View Details

Particulars 9 years 2012-03 Rs. Cr. 2013-03 Rs. Cr. 2014-03 Rs. Cr. 2015-03 Rs. Cr. 2016-03 Rs. Cr. 2017-03 Rs. Cr. 2018-03 Rs. Cr. 2019-03 Rs. Cr. 2020-03 Rs. Cr.
Cash Fr. Operatn. -3 -2 11 1 11 1 0 3 -13
Cash Fr. Inv. -1 0 0 1 0 0 -2 -2 -5
Cash Fr. Finan. 5 2 -10 -2 -4 -11 -4 -5 -8
Net Change 0 0 1 0 6 -10 -6 -5 -26
Cash & Cash Eqvt 2 1 2 1 7 -2 -8 -13 -39

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 75.00 75.00 75.00 75.00 75.00 75.00 75.00 75.00 75.00
Public 25.00 25.00 25.00 25.00 25.00 25.00 25.00 25.00 25.00
Depository Receipts 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Promoter Holding Pledge (%) 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

Announcements View Details

Sat, 24 Jul 2021
Fixes Book Closure for AGM
Artson Engineering Ltd has informed BSE that the Register of Members & Share Transfer Books of the Company will remain closed from September 09 2021 to September 15 2021 (both days inclusive) for the purpose of 42nd Annual General Meeting (AGM) of the Company to be held on September 15 2021.
Sat, 24 Jul 2021
Announcement under Regulation 30 (LODR)-Newspaper Publication
As required under Regulation 47(1)(b) read with Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015 the Extract of the UFR of the Company for the 1st Quarter ended 30th June 2021 was published in Business Standard (English) all India edition; and Navakal (Marathi) Mumbai edition on 24th July 2021.
Fri, 23 Jul 2021
Un-Audited Financial Results For The 1St Quarter Ended 30Th June 2021
In compliance with Regulation 30 and 33 of SEBI (LODR) Regulations 2015 we wish to inform that the Board of Directors at their Meeting held today i.e. Friday 23rd July 2021 inter alia approved the following:
1. UFR for the first quarter ended 30th June 2021 along with the Statutory Auditors Limited Review Report thereon.

The aforesaid UFR is enclosed for reference and record. The same will also be made available on the Companys website www.artson.net.

Technical Scans View Details

Fri, 23 Jul 2021
Stock Outperforming Benchmark Index in both 1 Week and 3 Month Stock Outperforming Benchmark Index in both 1 Week and 3 Month
Stock Outperforming Sectoral Index in both 1 Week and 3 Month Stock Outperforming Sectoral Index in both 1 Week and 3 Month
Strongly Outperforming Benchmark Index Strongly Outperforming Benchmark 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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