Artefact Projects

Nagpur, India Founded: 1987 • Age: 39 yrs Listed
Engineering and project management services are provided for infrastructure projects.

About Artefact Projects

Artefact Projects is a publicly listed company based in Nagpur (India) founded in 1987. Engineering and project management services are provided for infrastructure projects. It operates on a Professional Services model. The company has 303 employees. Its Indian entity Artefact Projects Limited reported revenue of ₹36.14 Cr. Artefact Projects offers products and services including Highways Consultancy, Urban Infrastructure Services, and Airports Consultancy. Its focus areas include Construction, Infrastructure and Transportation Infrastructure.

Company details

Infrastructure projects, particularly highways, are supported through engineering, architectural, and project management services by Artefact Projects Ltd. Operations span across urban infrastructure and airports, with a focus on transportation infrastructure. Collaboration with international consultants and technical experts ensures a global presence. Various consultancy services, including supervision, operation, and maintenance of national highways, are offered across multiple states in India under initiatives like Bharatmala Pariyojana.

  • Headquarters Nagpur, India
  • Employees 303
  • Stage Public
  • Sectors
    Real Estate & Construction
  • Email
    ••••••••
  • Website artefactprojects.com
  • Social LinkedIn Facebook
  • Legal Name Artefact Projects Limited
Key Metrics
  • Market Cap
    ₹33.14 Cr

    ARTEFACT · BSE

  • Share Price
    ₹44.00

    -3.40% today

  • Revenue
    ₹29.81 Cr

    FY 2015-16 · -36.1% YoY

  • EBITDA
    −₹0.61 Cr

    Margin -2.0%

  • Net Profit
    −₹5.69 Cr

    FY 2015-16 · -432.8% YoY

  • ROE
    -15.0%

    ROCE -0.7%

  • Debt / Equity
    0.73

    Interest cover -313.1x

  • Employee Count
    303

Products & Services of Artefact Projects

Artefact Projects offers a comprehensive portfolio of products and services, including Highways Consultancy, Urban Infrastructure Services, and Airports Consultancy.

Highways Consultancy
Engineering Services

Consultancy for highway infrastructure projects is provided expertly.

Urban Infrastructure Services
Engineering Services

Urban infrastructure development services are offered with expertise.

Airports Consultancy
Engineering Services

Airport project management services are delivered with precision.

Board of directors of Artefact Projects Limited (Artefact Projects)

Artefact Projects Limited is the primary company behind Artefact Projects. The board of Artefact Projects Limited currently have 4 directors; the longest-serving is Siddharth Pankaj Shah, appointed in 2013. 21 earlier directors have ceased.

DirectorDesignationAppointedTenureEntity
Siddharth Pankaj Shah
DIN 05304116
Whole-time director06 Jul 201313 yrs 3 moArtefact Projects Limited
Ankita Manoj Shah
DIN 06772621
Director28 Mar 201511 yrs 6 moArtefact Projects Limited
Kaustubh Prakash Paunikar
DIN 08621592
Director26 Nov 20196 yrs 11 moArtefact Projects Limited
Pritti Kamal Kishor Agrawal
DIN 10386174
Director09 Nov 20232 yrs 11 moArtefact Projects Limited

IPO & Listings of Artefact Projects

Artefact Projects is a publicly listed company on the BSE with ticker symbol ARTEFACT in India, operating in the Industrial services sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.

  • IPO date13 Dec 1995
  • Listed onBSE: 531297
  • Listed entityArtefact Projects Limited
  • Exchange sectorIndustrial services
  • ISININE885B01014
  • Share price₹50.01 (+0.42% on the day) · 2026-10-14
  • Market capitalisation₹36.2 Cr
  • Price to earnings7.1
  • EPS (diluted, trailing year)₹7.08
  • Dividend yield1%
  • Volume (last session)553

Financials of Artefact Projects

Exchange-reported figures of Artefact Projects Limited, the listed company behind Artefact Projects (BSE: ARTEFACT).

Financial Highlights

FY 2015-16 · Consolidated
Revenue
₹29.81 Cr
-36.1% YoY
EBITDA
−₹0.61 Cr
-109.8% YoY
Profit After Tax
−₹5.69 Cr
-432.7% YoY
Net Worth
₹35.30 Cr
-12.2% YoY
Total Assets
₹68.77 Cr
+11.0% YoY
Total Debt
₹33.39 Cr
+54.0% YoY

Revenue vs Net Profit ₹ Cr

Margin trends

Financial summary ₹ Cr

MetricsFY 2015-16FY 2014-15FY 2013-14FY 2012-13
Income statement
Revenue29.8146.6636.3338.36
Revenue growth-36.1%+28.4%-5.3%-
EBITDA(0.61)6.256.236.83
EBITDA margin-2.1%+13.4%+17.2%+17.8%
Profit before tax(4.70)2.912.532.67
Net profit(5.69)1.710.461.82
Net profit margin-19.1%+3.7%+1.3%+4.7%
EPS (₹)0.003.401.643.18
Balance sheet
Total assets68.7761.9468.4967.16
Net worth35.3040.2137.9736.99
Total debt33.3921.6830.4529.63
Cash & bank1.243.904.152.99
Net working capital31.7224.7424.6520.46
Cash flow
Cash from operations(4.64)13.802.283.48
Cash from investing3.123.602.49(6.62)
Cash from financing(0.65)(17.37)(3.56)3.52
MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Income statement
Revenue32.2530.0424.1718.1723.5732.0931.90
Revenue growth+7.4%+24.3%+33.0%-22.9%-26.6%+0.6%-
EBITDA4.990.172.883.464.934.685.81
EBITDA margin+15.5%+0.6%+11.9%+19.0%+20.9%+14.6%+18.2%
Profit before tax6.818.545.216.495.505.344.46
Net profit5.257.325.223.864.122.962.98
Net profit margin+16.3%+24.4%+21.6%+21.2%+17.5%+9.2%+9.3%
EPS (₹)7.2910.217.197.355.685.396.19
Balance sheet
Total assets86.2280.6169.5967.6768.7766.0349.38
Net worth70.6265.6859.2955.6650.1247.0039.47
Total debt15.2214.6410.0811.8018.3516.289.53
Cash & bank2.232.644.005.184.615.991.47
Net working capital38.3135.3245.4545.0341.6836.8221.56
Cash flow
Cash from operations(0.29)(19.02)(0.44)(1.24)(3.92)(6.78)1.99
Cash from investing1.4316.003.838.954.14(0.91)6.80
Cash from financing(1.05)2.89(3.39)(7.52)(0.32)7.83(8.77)
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue3.1714.336.748.972.2112.747.336.85
Revenue growth (YoY)+43.4%+12.5%-8.1%+31.0%-29.2%---
Other income0.640.411.131.041.311.160.261.25
Total expenses2.0413.235.167.241.647.395.365.38
EBITDA1.131.101.581.730.575.351.971.47
EBITDA margin+35.6%+7.7%+23.4%+19.3%+25.8%+42.0%+26.9%+21.5%
Depreciation0.100.090.120.110.110.090.110.10
Interest0.410.410.370.420.420.480.420.42
Profit before tax1.261.012.222.241.355.941.702.20
Tax0.320.150.460.570.330.140.460.42

Financial Statements

Figures in ₹ Cr; negatives in brackets. Updated 26 Oct 2026
ParticularsFY 2015-16FY 2014-15FY 2013-14FY 2012-13
Revenue29.8146.6636.3338.36
Revenue growth-36.1%+28.4%-5.3%-
Other income1.621.701.620.42
Total expenses30.4240.4130.1031.53
Employee cost4.995.936.104.59
EBITDA(0.61)6.256.236.83
EBITDA margin-2.1%+13.4%+17.2%+17.8%
Depreciation0.920.960.971.14
Interest4.794.084.353.44
Profit before tax(4.70)2.912.532.67
Tax0.441.021.340.84
Net profit(5.69)1.710.461.82
Net profit margin-19.1%+3.7%+1.3%+4.7%
EPS (₹)0.003.401.643.18
ParticularsFY 2015-16FY 2014-15FY 2013-14FY 2012-13
Equity & liabilities
Share capital5.535.535.535.53
Reserves & surplus29.7734.6832.4431.46
Shareholders' funds (net worth)35.3040.2137.9736.99
Minority interest0.000.010.010.01
Secured loans33.3921.3022.2219.86
Unsecured loans0.000.388.239.77
Total debt33.3921.6830.4529.63
Total liabilities68.7761.9468.4967.16
Assets
Gross block33.7033.8534.1032.69
Net block25.8726.8827.9327.43
Capital work in progress0.070.070.070.18
Investments5.336.778.9711.27
Inventories4.425.594.500.00
Sundry debtors29.1336.0530.6524.13
Cash & bank balances1.243.904.152.99
Loans & advances19.237.777.127.17
Total current assets54.0253.3146.4234.29
Total current liabilities22.3028.5721.7713.83
Net working capital31.7224.7424.6520.46
Total assets68.7761.9468.4967.16
ParticularsFY 2015-16FY 2014-15FY 2013-14FY 2012-13
Opening cash2.532.501.290.91
Net cash from operating activities(4.64)13.802.283.48
Net cash from investing activities3.123.602.49(6.62)
Net cash from financing activities(0.65)(17.37)(3.56)3.52
Net change in cash(2.16)0.031.210.38
Closing cash1.243.904.152.99
ParticularsFY 2015-16FY 2014-15FY 2013-14FY 2012-13
Growth
Sales growth-36.1%+28.4%-5.3%-
EBITDA growth-109.8%+0.3%-8.8%-
PBT growth-+15.0%-5.2%+9997.0%
Net income growth-432.8%+271.7%-74.7%-
Revenue CAGR (3Y)-8.1%---
Profitability & leverage
Net income margin-17.2%+4.1%+3.3%+4.8%
Return on capital employed-0.7%+10.7%+8.4%+9.5%
Return on net worth-15.0%+4.9%+1.8%+5.0%
Debt / equity0.730.670.800.75
Long-term debt / equity0.290.180.370.37
Interest cover-313.0777.1382.7060.46
Efficiency & per share
Fixed asset turnover0.951.461.141.24
Inventory turnover6.399.8516.910.00
Debtors turnover0.981.491.391.83
EPS (₹)0.003.401.643.18
Dividend per share (₹)0.000.750.750.75
Book value per share (₹)63.8872.7668.7166.94
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue3.1714.336.748.972.2112.747.336.85
Revenue growth (YoY)+43.4%+12.5%-8.1%+31.0%-29.2%---
Other income0.640.411.131.041.311.160.261.25
Total expenses2.0413.235.167.241.647.395.365.38
EBITDA1.131.101.581.730.575.351.971.47
EBITDA margin+35.6%+7.7%+23.4%+19.3%+25.8%+42.0%+26.9%+21.5%
Depreciation0.100.090.120.110.110.090.110.10
Interest0.410.410.370.420.420.480.420.42
Profit before tax1.261.012.222.241.355.941.702.20
Tax0.320.150.460.570.330.140.460.42
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Revenue32.2530.0424.1718.1723.5732.0931.90
Revenue growth+7.4%+24.3%+33.0%-22.9%-26.6%+0.6%-
Other income3.8910.464.385.513.533.762.37
Total expenses27.2629.8721.2914.7118.6427.4126.09
Employee cost0.0010.267.876.127.5310.2711.16
EBITDA4.990.172.883.464.934.685.81
EBITDA margin+15.5%+0.6%+11.9%+19.0%+20.9%+14.6%+18.2%
Depreciation0.430.420.390.500.570.831.02
Interest1.641.671.661.982.392.272.70
Profit before tax6.818.545.216.495.505.344.46
Tax1.591.10(0.02)1.141.381.420.87
Net profit5.257.325.223.864.122.962.98
Net profit margin+16.3%+24.4%+21.6%+21.2%+17.5%+9.2%+9.3%
EPS (₹)7.2910.217.197.355.685.396.19
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Equity & liabilities
Share capital7.287.287.287.287.287.285.80
Reserves & surplus63.3458.4052.0148.3842.8439.7232.49
Shareholders' funds (net worth)70.6265.6859.2955.6650.1247.0039.47
Secured loans15.2214.6410.0810.6317.0115.859.53
Unsecured loans0.000.000.001.171.340.430.00
Total debt15.2214.6410.0811.8018.3516.289.53
Total liabilities86.2280.6169.5967.6768.7766.0349.38
Assets
Gross block23.2623.0222.6122.0126.5226.5327.32
Net block12.0212.2211.5211.8115.7116.2817.04
Capital work in progress1.671.030.350.000.000.000.00
Investments0.090.1613.0613.0613.1913.1612.90
Inventories2.133.870.000.270.601.011.62
Sundry debtors16.4112.3015.7814.7413.5914.9214.66
Cash & bank balances2.232.644.005.184.615.991.47
Loans & advances43.6536.1451.6045.8137.5330.7719.41
Total current assets64.4254.9571.3866.0056.3352.6937.16
Total current liabilities26.1119.6325.9320.9714.6515.8715.60
Net working capital38.3135.3245.4545.0341.6836.8221.56
Total assets86.2280.6169.5967.6768.7766.0349.38
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Opening cash0.130.260.260.070.170.050.03
Net cash from operating activities(0.29)(19.02)(0.44)(1.24)(3.92)(6.78)1.99
Net cash from investing activities1.4316.003.838.954.14(0.91)6.80
Net cash from financing activities(1.05)2.89(3.39)(7.52)(0.32)7.83(8.77)
Net change in cash0.09(0.14)0.000.19(0.11)0.130.02
Closing cash2.232.644.005.184.615.991.47
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Growth
Sales growth+7.4%+24.3%+33.0%-22.9%-26.6%+0.6%-
EBITDA growth+2835.3%-94.1%-16.8%-29.8%+5.3%-19.5%-
PBT growth-20.3%+63.9%-19.7%+18.0%+3.0%+19.7%+450.6%
Net income growth-28.3%+40.2%+35.2%-6.3%+39.2%-0.7%-
Revenue CAGR (3Y)+21.1%+8.4%-9.0%-17.1%+1.5%+14.2%+11.5%
EBITDA CAGR (3Y)+13.0%-67.5%-14.9%-15.9%+7.6%-+29.1%
Profitability & leverage
Net income margin+16.2%+24.8%+21.6%+29.4%+17.5%+12.2%+11.3%
Return on capital employed-+13.6%+10.0%+9.8%+11.7%+11.1%+12.7%
Return on net worth-+11.9%+9.1%+7.3%+8.5%+6.9%+8.2%
Debt / equity-0.200.190.280.360.300.37
Long-term debt / equity-0.010.050.110.120.070.08
Interest cover35.96-668.0066.6766.8954.8258.9656.37
Efficiency & per share
Fixed asset turnover-1.531.280.750.891.191.29
Inventory turnover-18.32211.2641.7729.2824.4018.00
Debtors turnover-2.521.871.281.652.172.02
EPS (₹)7.2910.217.197.355.685.396.19
Dividend per share (₹)0.000.500.000.000.000.000.00
Book value per share (₹)0.0090.2881.5076.5068.8964.6066.03

Web traffic of Artefact Projects

The website of Artefact Projects (artefactprojects.com) receives about 2K visits a month.

  • Monthly visits
    2K

    ▲ 17.8% vs previous month

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Frequently Asked Questions about Artefact Projects

Artefact Projects was founded in 1987.

Artefact Projects is headquartered in Nagpur, India. It is registered at Nagpur, Maharashtra, India.

Artefact Projects has 303 employees.

The primary company behind Artefact Projects, Artefact Projects Limited, reported revenue of ₹36.14 Cr for FY 2026, up 7% year on year.

Infrastructure projects, particularly highways, are supported through engineering, architectural, and project management services by Artefact Projects Ltd. Operations span across urban infrastructure and airports, with a focus on transportation infrastructure. Collaboration with international consultants and technical experts ensures a global presence. Various consultancy services, including supervision, operation, and maintenance of national highways, are offered across multiple states in India under initiatives like Bharatmala Pariyojana.

Artefact Projects offers Highways Consultancy, Urban Infrastructure Services, and Airports Consultancy.

Yes, Artefact Projects is publicly traded on BSE under the ticker symbol ARTEFACT.

Artefact Projects operates through Artefact Projects Limited.

The legal entities of Artefact Projects currently have 6 directors, including Ankita Manoj Shah, Siddharth Pankaj Shah, Kaustubh Prakash Paunikar and others.

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