Synopsis: With a compounded stock return of 33 percent in the last five years, the company has now received an order of more than Rs 13 crore from Reliance Industries.
A microcap stock engaged in engineering, fabrication, and EPC services across oil, gas, hydrocarbons, and infrastructure projects saw strong buying interest after receiving an order worth more than Rs 13 crore from Reliance Industries. The company in context is a Tata enterprise and has a client list including big players such as IndianOil, Hindalco, BHEL, and L&T.
With a market cap of more than Rs 500 Cr, Artson Ltd saw its stock hit the upper circuit with an intraday high of Rs 143, which is 5 percent higher than the previous close of Rs 136. The company stock has given a compounded return of 20 percent in the last three years, while the five-year number is at 33 percent.
News
Artson Limited has received a Rs 13.20 crore order from Reliance Industries Limited for the supply of three storage tanks under a lump sum domestic contract. The project is planned to be executed in a phased manner, with each of the three storage tanks scheduled for completion within a period of six months.
Previously, the company had received another domestic order, which was recently enhanced to now being worth more than Rs 11 crore. This order was from Tata Projects Limited (TPL) for the supply of finished structures and was to be executed within four months at an arm’s length pricing.
Business & Financial Overview
Incorporated in 1978, Artson Engineering Ltd supplies equipment, steel structures, and site services for mechanical works. A subsidiary of Tata Projects Ltd, it operates as a design and EPC company in oil, gas, and hydrocarbon processing, specializing in tankages, piping, and mechanical packages, while increasingly focusing on shipbuilding and manufacturing.
The company is backed by Tata Projects and delivers integrated engineering, fabrication, and site execution solutions, leveraging strong technical expertise and project capabilities to support complex industrial, energy, and infrastructure projects across India. Its key clients include IndianOil, Bharat Petroleum, Hindalco, Tata Steel, BHEL, GAIL, L&T, Toyo Engineering, and HPCL.
In the latest quarterly result, the company has seen its revenue from operations increase by 77 percent YoY, from Rs 18 Cr in Q3FY25 to Rs 32 Cr in Q3FY26, while the QoQ decreased by 33 percent from Rs 48 Cr. The company had made a net profits of Rs 6 Cr in Q3FY25, but this has now turned to become a loss of Rs 12 Cr in Q3FY26.
In 9M numbers of the fiscal year, the company saw its revenue from operations increase by 100 percent YoY, from Rs 62 Cr in 9MFY25 to Rs 124 Cr in 9MFY26, this number even crossed that total FY25 revenue of Rs 113 Cr by almost 10 percent. In 9MFY25, while the company had made a net profit of Rs 2 Cr, this number has now turned to become a loss of Rs 14 Cr in 9MFY26.
The company has a 3-year sales CAGR of negative 13 percent, while the TTM is at 102 percent. The company’s 3-year profit CAGR is at 39 percent, while the TTM number is at a negative 429 percent. The company also has an ROCE of 25 percent and an ROE of 124 percent.
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