Artemis Electricals & Projects Ltd.
Q3 FY2025 Results Financial Performance Report
1. Financial Performance Overview
Market Cap
₹586 Cr.
Current Price
₹23.3
Stock P/E
133
Book Value
₹3.20
ROCE
6.62%
ROE
5.28%
Debt
₹11.9 Cr.
Promoter Holding
72.5%
Quarterly & Yearly Performance Trends
| Metric | Q3 FY25 | Q2 FY25 | Q3 FY24 | YoY Change | QoQ Change |
|---|---|---|---|---|---|
| Sales Revenue | ₹18.45 Cr. | ₹4.01 Cr. | ₹13.97 Cr. | +32.1% | +360% |
| Profit After Tax | ₹2.67 Cr. | ₹0.80 Cr. | ₹1.36 Cr. | -64.9% | +234% |
| Operating Profit Margin | 19.1% | 10.2% | 28.0% | -8.9% | +8.9% |
2. Future Growth Plans & Strategic Initiatives
Lithium-Ion Battery Manufacturing Plant
- Location: Vasai (East), Thane, Maharashtra
- Project Partner: Electroforce (India) Pvt. Ltd.
- Commissioning Date: March 2025
- CapEx: ₹30-40 Cr. (estimated)
Project-Based Revenue Model
- Reducing dependency on manufacturing
- Focus on contract-based electrical projects
- Leveraging government & private sector infrastructure projects
- Shift from traditional product-based revenue streams
3. Capital Expenditure & Strategic Rationale
Lithium-Ion Plant CapEx
₹30-40 Cr.
Current Debt
₹11.9 Cr.
Reserves
₹55.3 Cr.
4. Competitive Landscape & Industry Risks
Competitive Strengths
- Strong promoter backing (72.5%)
- Low-debt capital structure
- Lithium-Ion battery venture potential
Challenges & Risks
- Debtor Days (456 Days)
- Declining Sales Growth (-46.6%)
- High Stock P/E (133x)
- Execution Risk in new projects
5. Valuation & Investment Thesis
Stock Price
₹23.3
Near 52-week low
Price to Book Value
7.28x
Overvalued based on fundamentals
Short-Term Outlook (6-12 months)
- High-risk bet in the near term
- Lithium-Ion plant commissioning as key trigger
Medium to Long-Term Outlook (2-3 years)
- Potential leadership in energy storage market
- Financial prudence supports sustainable growth
Key Risks
- Weak sales growth trajectory
- High current valuation
- Project execution risks
Growth Opportunities
- Lithium-ion battery business expansion
- Strong financial stability
- Market expansion potential
Investment Stance
Wait & Watch – High-risk, high-reward play only for aggressive investors with a long-term horizon. Monitor execution of growth plans before investing.
7. Disclaimer
This report is for informational purposes only and is NOT investment advice. Investors should conduct their own research and consult financial advisors before making any investment decisions.
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