ARSS Infrastructure Projects Limited (ARSSINFRA) AI Stock Analysis

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ARSS Infrastructure Projects Limited

(NSE:ARSSINFRA)

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Rating:44Neutral

Price Target:INR 53.00▼(-3.36% Downside)

Action:reiterated

Date:09/24/26

The score is held down primarily by weak financial performance: very large losses and inconsistent/negative operating and free cash flow outweigh the positive revenue rebound and improved latest leverage snapshot. Technical signals are largely neutral (flat moving averages and near-zero MACD), while valuation is constrained by a negative P/E that reflects ongoing losses.

Positive Factors

Revenue ReboundThe sharp 2026 revenue rebound shows that ARSS Infrastructure can regain project activity after weaker periods. A stronger top line can improve operating absorption and support future execution, provided the company converts project growth into sustainable margins and cash.

Negative Factors

Severe UnprofitabilityPersistent and substantial operating and net losses weaken the durability of ARSS’s business model despite the latest revenue recovery. Continued losses can erode equity, restrict reinvestment, and make future growth less valuable unless project economics and cost control improve materially.

ARSS Infrastructure Projects Limited (ARSSINFRA) vs. iShares MSCI India ETF (INDA)

Market Cap: INR 1.23B
Dividend Yield: ―
Average Volume (3M): ―
Price to Earnings (P/E): -0.0
Beta (1Y): 0.16
Revenue Growth: 45.58%
EPS Growth: -2546.83%
Country: India
Employees: 406
Sector: General
Sector Strength: 55
Industry: Industrial - Infrastructure Operations

ARSS Infrastructure Projects Limited Business Overview & Revenue Model

Company Description

ARSS Infrastructure Projects Limited is an Indian firm operating in the construction sector. The company's diverse portfolio includes projects related to railways, roads, urban development, marine structures, power generation, bridges, and irrigation...

How the Company Makes Money

ARSS Infrastructure Projects Limited primarily makes money by bidding for and executing infrastructure construction contracts and recognizing revenue as project milestones are achieved under those contracts. Key revenue streams typically include: (1)...

ARSS Infrastructure Projects Limited Financial Statement Overview

Summary

Despite a sharp revenue rebound in 2026 (+55.5%) and a much improved latest balance-sheet snapshot (debt-to-equity ~0.28 with positive equity), profitability remains extremely weak with very large operating/net losses and deeply negative margins. Cash generation is also pressured, with negative operating and free cash flow in 2026 and 2025 and a sharp deterioration in 2026 (~99% decline in free cash flow). The historically unstable equity/leverage profile (negative equity in 2021–2025) further elevates financial risk.

Income Statement

14Very Negative

Balance Sheet

24Negative

Cash Flow

18Very Negative

Financial statement breakdown
Breakdown	TTM	Mar 2026	Mar 2025	Mar 2024	Mar 2022	Jun 2021
Income Statement
Total Revenue	1.42B	1.46B	1.65B	3.21B	4.03B	2.48B
Gross Profit	282.80M	274.56M	20.84M	31.06M	307.34M	-190.44M
EBITDA	-34.29B	-35.38B	-69.47M	-319.84M	95.42M	-367.08M
Net Income	-34.49B	-35.54B	-77.66M	-348.36M	59.16M	-519.53M
Balance Sheet
Total Assets	0	12.74B	15.80B	16.02B	15.92B	16.87B
Cash, Cash Equivalents and Short-Term Investments	336.13M	162.04M	361.02M	540.76M	265.67M	285.16M
Total Debt	0	2.64B	16.29B	16.32B	16.26B	16.30B
Total Liabilities	-9.55B	3.18B	17.49B	17.64B	17.19B	17.10B
Stockholders Equity	9.55B	9.55B	-1.70B	-1.62B	-1.27B	-224.04M
Cash Flow
Free Cash Flow	-46.78B	-299.32M	-323.45M	197.96M	62.22M	-283.59M
Operating Cash Flow	-46.78B	-287.90M	-294.96M	201.22M	86.71M	-240.03M
Investing Cash Flow	-5.31M	35.59M	-33.09M	-17.90M	-38.27M	345.97M
Financing Cash Flow	46.78B	219.11M	-4.52M	-23.00K	-5.19M	-22.76M

ARSS Infrastructure Projects Limited Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

IN:ARSSINFRA against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
IN:HILINFRA	52Neutral	INR 4.86B	18.22	―	―	―	―
IN:ARSSINFRA	44Neutral	INR 1.25B	-0.04	―	―	45.58%	-2546.83%
IN:IRB	43Neutral	INR 190.11B	19.79	―	1.08%	-14.25%	-80.89%
IN:GAYAHWS	41Neutral	INR 373.86M	-17.44	―	―	439.66%	-100.16%
IN:BRNL	40Underperform	INR 1.14B	-0.64	―	―	-28.52%	-179.94%

* General Sector Average

Performance Comparison

IN:ARSSINFRA and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
IN:ARSSINFRA	ARSS Infrastructure Projects Limited	54.84	0.00	0.00%
IN:BRNL	Bharat Road Network Ltd.	13.60	-11.71	-46.27%
IN:GAYAHWS	Gayatri Highways Ltd.	1.56	-2.26	-59.16%
IN:IL&FSTRANS	IL&FS Transportation Networks Limited	1.78	-1.27	-41.64%
IN:IRB	IRB Infrastructure Developers Limited	15.74	-6.65	-29.71%
IN:HILINFRA	Highway Infrastructure Limited	67.73	-9.83	-12.67%

Glossary

BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.

Date of analysis: Sep 24, 2026

ARSS Infrastructure Projects Limited AI Stock Analysis

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