During Tuesday’s trading session, the shares of a leading infrastructure services consultancy organisation surged nearly 8 percent to Rs. 83.8 on BSE, after the company announced receiving an order worth nearly Rs. 4.82 crores from the Government of Rajasthan.
With a market cap of Rs. 59.7 crores, at 12:41 p.m., the shares of Artefact Projects Limited were trading in the green at Rs. 81.99, up by nearly 5.5 percent, as compared to its previous closing price of Rs. 77.69.
What’s the news
Artefact Projects Limited, in its latest regulatory filings with the BSE, announced securing an order worth nearly Rs. 4.82 crores from PWD Rajasthan, Jaipur, for consultancy services. The project is scheduled to be executed within 18 months.
The scope of the order includes consultancy services for the preparation of a Detailed Project Report (DPR) for 4-lane or 6-lane greenfield expressways in Rajasthan (Package 4: Beawar-Bharatpur Expressway).
The Letter of Acceptance pertains to a joint venture between MSV International Inc. and Artefact Projects Limited, in association with NV Project Consultancy Private Limited.
Previous Orders
16th December 2024: Artefact Projects was awarded an order worth ~Rs. 2.53 crores from the National Highways Authority of India (NHAI) for supervision consultancy services during the Operation and Maintenance (O&M) period of the four-lane Talaja-Mahua-Kagvadar section of NH-8E (New NH-51) in Gujarat.
The project, spanning from Km 53.585 to Km 139.915 (design chainage from Km 54.990 to Km 140.470), was in association with Manglam Infra and Engineering Limited for Packages II and III.
30th December 2024: The company had been entrusted with an order valued at approximately Rs. 3.71 crores by the Ministry of Road Transport and Highways (MoRTH) for consultancy services as an Independent Engineer for the 4-laning of the Rewa Bypass, covering Km 0.000 to Km 19.200 of NH-30 in Madhya Pradesh.
This project was executed with Global Infra Solution in a joint venture with Artefact Projects Limited in association with M S Consultant.
Financials
Artefact Projects reported a marginal growth in revenue from operations, experiencing a year-on-year increase of nearly 6.4 percent, rising from Rs. 6.44 crores in Q2 FY24 to Rs. 6.85 crores in Q2 FY25.
In contrast, during the same period, the company’s net profit decreased from Rs. 1.91 crores to Rs. 1.78 crores, representing a marginal decline of around 7 percent YoY.
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Key Financial Ratios
In terms of key financial metrics, Artefact Projects has a Return on Equity (RoE) of 9.08 percent and a return on capital employed (RoCE) of 10 percent. Additionally, the company’s debt-to-equity ratio stands at 0.2.
Stock Performance
The stock has delivered negative returns of nearly 5 percent in one year, while around 10 percent of positive returns in the last six months. Likewise, the shares of Artefact Projects have given positive returns of about 7.3 percent in the last one month.
About the company
Incorporated in 1987, Artefact Projects Limited is primarily engaged in the business of project consultancy in India.
The company plans infrastructure development; designs and engineers projects, systems, and processes; manages project implementation; and offers comprehensive end-to-end solutions across a wide range of services.
Written by Shivani Singh
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