Artemis Electricals & Projects Ltd(AEPL)

NSE: AEPLBSE: 542670

₹ 14.16-3.93%refreshed 23 Oct, 03:30 pm ISTMarket cap: ₹ 355 crWebsite: www.artemiselectricals.comUpdated: 24 Oct 2026

About

Artemis Electricals & Projects Ltd is an electrical equipment company that has moved away from operation-and-maintenance and OEM work toward turnkey EPC projects. Its reported financials show FY26 revenue of 80.56 and PAT of 8.71. Through its subsidiary AOETPL, it is building an electronics manufacturing cluster on 506.42 acres under MeitY's EMC 2.0 scheme. Its shares have traded on both the NSE and BSE since March 2026.^[1][2]

Business model

The company has moved from a crowded, low-margin O&M/OEM model to turnkey EPC work with end-to-end project ownership, which it expects to bring larger projects (as of Q1 FY27).^[1]
Management describes the old O&M/OEM market as flooded with new entrants and intense competition, which eroded margins (Q1 FY27 call).^[1]
The FY25 annual report names competition and pricing pressure as a risk because the sector's entry barriers are low.^[3]

Recent operating trend

Total income in Q1 FY27 was ₹1,627.48 lakh, down 17.62% from ₹1,975.47 lakh a year earlier. Management says the fall came from deliberately choosing higher-margin projects.^[1]
EBITDA margin was 13.42% in Q1 FY27, up from 11.10% a year earlier. PAT margin was 7.81%, up from 6.64%.^[1]

Expansion projects

Subsidiary AOETPL is an SPV set up to build an electronics manufacturing cluster on 506.42 acres under MeitY's EMC 2.0 scheme, with Central Electronics Ltd as partner. The land has been acquired (as of Q1 FY27).^[1]
In FY25, the company began planning a lithium-ion battery manufacturing facility (Phase I).^[3]
The FY25 annual report also states plans to expand exports and invest in lithium-ion battery R&D.^[3]

People

The company had 23 employees as of March 31, 2025.^[3]

Recent developments

The company listed on the NSE in March 2026 and now trades on both the NSE and BSE.^[1]
The FY26 AGM notice asks shareholders to approve related-party transaction limits of up to Rs.255 crore for 1 Oct 2026 to 30 Sep 2027. These include loans and advances given to or taken from promoter-linked entities.^[4]
Ketan Vyas & Company is proposed as secretarial auditor for FY27 to FY31 (FY26 annual report).^[4]

Market Cap

₹355 Cr

High / Low

₹26 / 13

Stock P/E

40.5

Price / Book

3.8

Book Value

₹4

EPS

₹0.3

No. of Shares

25.1 Cr

ROCE

12.9%

ROE

9.6%

OPM

14.7%

Debt / Equity

0.02

Sales

₹81 Cr

Net Profit

₹9 Cr

Promoter holding

72.5%

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