Aarvi Encon Ltd

Aarvi Encon Ltd

₹ 130 1.28%
05 Jun - close price
About

Incorporated in 1987, Aarvi is India’s leading technical staffing company, which specializes in providing expert engineering staffing solutions.[1]

Key Points

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

  • 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.

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
91.62 91.56 95.00 93.56 97.52 104.57 110.28 119.94 129.28 134.68 139.57 146.20 149.48
88.18 88.17 92.34 91.06 95.05 101.85 108.74 117.78 125.50 131.22 136.14 142.81 144.64
Operating Profit 3.44 3.39 2.66 2.50 2.47 2.72 1.54 2.16 3.78 3.46 3.43 3.39 4.84
OPM % 3.75% 3.70% 2.80% 2.67% 2.53% 2.60% 1.40% 1.80% 2.92% 2.57% 2.46% 2.32% 3.24%
0.37 0.20 0.40 0.99 1.13 0.61 0.81 0.92 0.70 0.57 0.94 -0.11 1.13
Interest 0.47 0.31 0.35 0.39 0.41 0.66 0.79 0.79 0.83 0.77 0.71 0.69 0.70
Depreciation 0.34 0.28 0.30 0.34 0.33 0.29 0.31 0.47 0.49 0.38 0.43 0.46 0.48
Profit before tax 3.00 3.00 2.41 2.76 2.86 2.38 1.25 1.82 3.16 2.88 3.23 2.13 4.79
Tax % 21.33% 11.67% 9.54% 0.36% 3.15% 10.08% -13.60% 25.27% 10.76% 4.86% 3.10% -9.86% 33.19%
2.35 2.65 2.19 2.75 2.76 2.14 1.42 1.36 2.82 2.74 3.13 2.33 3.20
EPS in Rs 1.59 1.79 1.48 1.86 1.87 1.45 0.96 0.92 1.90 1.85 2.11 1.57 2.16
Raw PDF

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
New Clients Added
Number of Clients
Resume Database Size
Count
LinkedIn Followers
Count

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
73.47% 73.51% 73.54% 73.54% 73.54% 73.58% 73.58% 73.47% 73.47% 73.47% 73.53% 73.53%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.01% 0.00%
26.53% 26.49% 26.46% 26.46% 26.46% 26.42% 26.42% 26.53% 26.53% 26.53% 26.46% 26.47%
No. of Shareholders 8,6869,32611,26210,66310,3829,6919,5529,4109,2369,6669,3719,039

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

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