Aarvi Encon Ltd
Incorporated in 1987, Aarvi is India’s leading technical staffing company, which specializes in providing expert engineering staffing solutions.[1]
- Market Cap ₹ 192 Cr.
- Current Price ₹ 130
- High / Low ₹ 152 / 97.0
- Stock P/E 16.4
- Book Value ₹ 78.1
- Dividend Yield 1.54 %
- ROCE 11.5 %
- ROE 10.5 %
- Face Value ₹ 10.0
Pros
- Debtor days have improved from 65.7 to 51.9 days.
Cons
- Tax rate seems low
- Company has a low return on equity of 9.49% over last 3 years.
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 114 | 109 | 146 | 169 | 192 | 191 | 190 | 275 | 383 | 378 | 464 | 570 | |
| 103 | 104 | 139 | 160 | 183 | 185 | 182 | 261 | 366 | 366 | 453 | 555 | |
| Operating Profit | 11 | 5 | 8 | 9 | 9 | 6 | 8 | 14 | 17 | 11 | 11 | 15 |
| OPM % | 10% | 5% | 5% | 5% | 4% | 3% | 4% | 5% | 4% | 3% | 2% | 3% |
| 0 | 1 | 0 | 1 | 1 | 1 | 2 | 1 | 2 | 3 | 3 | 3 | |
| Interest | 1 | 1 | 2 | 1 | 1 | 2 | 1 | 1 | 2 | 2 | 4 | 3 |
| Depreciation | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 2 |
| Profit before tax | 10 | 4 | 5 | 8 | 7 | 4 | 9 | 12 | 15 | 11 | 9 | 13 |
| Tax % | 33% | 29% | 33% | 23% | 21% | -6% | -2% | 1% | 8% | 6% | 10% | 12% |
| 6 | 3 | 4 | 6 | 6 | 4 | 9 | 12 | 14 | 10 | 8 | 11 | |
| EPS in Rs | 207.10 | 88.39 | 113.23 | 4.17 | 3.98 | 2.56 | 5.85 | 8.33 | 9.55 | 7.00 | 5.22 | 7.70 |
| Dividend Payout % | 10% | 23% | 0% | 12% | 25% | 39% | 26% | 24% | 21% | 29% | 38% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 18% |
| 5 Years: | 25% |
| 3 Years: | 14% |
| TTM: | 23% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 16% |
| 5 Years: | 6% |
| 3 Years: | -6% |
| TTM: | 52% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | 13% |
| 3 Years: | -2% |
| 1 Year: | 15% |
| Return on Equity | |
|---|---|
| 10 Years: | 11% |
| 5 Years: | 12% |
| 3 Years: | 9% |
| Last Year: | 10% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 3 | 3 | 3 | 15 | 15 | 15 | 15 | 15 | 15 | 15 | 15 | 15 |
| Reserves | 26 | 27 | 30 | 44 | 48 | 50 | 58 | 67 | 79 | 86 | 92 | 101 |
| 9 | 9 | 15 | 4 | 8 | 10 | 4 | 6 | 3 | 10 | 27 | 33 | |
| 14 | 12 | 16 | 16 | 27 | 27 | 30 | 43 | 43 | 41 | 56 | 57 | |
| Total Liabilities | 51 | 51 | 64 | 78 | 98 | 101 | 106 | 131 | 140 | 152 | 189 | 206 |
| 8 | 7 | 7 | 6 | 12 | 11 | 10 | 10 | 10 | 9 | 17 | 17 | |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 0 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 6 | 6 |
| 43 | 43 | 57 | 71 | 85 | 90 | 95 | 121 | 129 | 142 | 166 | 183 | |
| Total Assets | 51 | 51 | 64 | 78 | 98 | 101 | 106 | 131 | 140 | 152 | 189 | 206 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 4 | 0 | 0 | -9 | 1 | -1 | 14 | -8 | 7 | -3 | 4 | 3 | |
| -0 | -1 | -0 | -0 | -5 | 0 | 2 | 0 | -0 | 2 | -12 | 1 | |
| -4 | -1 | 4 | 8 | 1 | -2 | -7 | -1 | -7 | 2 | 11 | -6 | |
| Net Cash Flow | 0 | -2 | 5 | -1 | -3 | -3 | 9 | -8 | -1 | 0 | 3 | -2 |
| Free Cash Flow | 3 | 0 | -0 | -9 | -5 | -1 | 14 | -8 | 6 | -4 | -6 | 2 |
| CFO/OP | 72% | 120% | 60% | -68% | 127% | 14% | -31% | -8% | 72% | -101% | 46% | 95% |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 100 | 91 | 81 | 84 | 80 | 92 | 94 | 92 | 75 | 69 | 76 | 52 |
| Inventory Days | ||||||||||||
| Days Payable | ||||||||||||
| Cash Conversion Cycle | 100 | 91 | 81 | 84 | 80 | 92 | 94 | 92 | 75 | 69 | 76 | 52 |
| Working Capital Days | 39 | 28 | 12 | 48 | 32 | 37 | 50 | 49 | 42 | 47 | 39 | 35 |
| ROCE % | 31% | 13% | 16% | 17% | 12% | 7% | 12% | 17% | 19% | 12% | 10% | 11% |
Insights
In beta| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Feb 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Manpower Deputation Number of Personnel |
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| Total Active Clients Number of Clients |
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| New Clients Added Number of Clients |
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| Resume Database Size Count |
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| LinkedIn Followers Count |
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Extracted by Screener AI
Documents
Announcements
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Press Release
27 May 2026 - Aarvi Encon received a Change Makers Summit 2026 award on May 23, 2026, and was featured by Times Ascent.
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Investor Presentation
27 May 2026 - Aarvi Encon reported FY26 revenue of INR 6,499 million, PAT of INR 176 million, and Q4 major orders.
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Outcome of Board Meeting
22 May 2026 - Board approved FY26 audited results and recommended Rs.2 final dividend per share.
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Dividend
22 May 2026 - Board approved FY26 audited results on May 22, 2026; recommended Rs.2 final dividend per share.
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Bagging/Receiving of orders/contracts
5 May 2026 - Aarvi Encon Limited has informed about Bagging/Receiving of orders/contracts
Annual reports
Concalls
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May 2026TranscriptAI SummaryPPT
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Business Overview:[1]
a) AEL is an ISO 9001: 2015 certified company with a CRISIL SME-1 rating. It provides Engineering and Manpower Outsourcing Services in India and abroad
b) Aarvi provides engineers /designers/technicians right from project conceptualization, Design, Construction, and its Commissioning, including the plant maintenance
c) It can also mobilize manpower for shutdown assignment
of 15 days to a few months
d) Aarvi has a large in-house 8+ lac resume database and
a referral-based program