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 ₹ 167 Cr.
- Current Price ₹ 113
- High / Low ₹ 168 / 88.0
- Stock P/E 16.7
- Book Value ₹ 84.6
- Dividend Yield 1.77 %
- ROCE 10.3 %
- ROE 8.30 %
- Face Value ₹ 10.0
Pros
- Company has been maintaining a healthy dividend payout of 25.3%
Cons
- Tax rate seems low
- Company has a low return on equity of 11.0% 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
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
99 | 115 | 110 | 153 | 173 | 206 | 218 | 202 | 289 | 437 | 406 | 510 | |
89 | 103 | 105 | 144 | 164 | 195 | 209 | 192 | 275 | 418 | 393 | 497 | |
Operating Profit | 10 | 12 | 5 | 9 | 10 | 11 | 9 | 10 | 13 | 19 | 13 | 13 |
OPM % | 10% | 10% | 5% | 6% | 6% | 6% | 4% | 5% | 5% | 4% | 3% | 3% |
1 | 0 | 1 | 0 | 2 | 1 | 1 | 2 | 1 | 0 | 2 | 2 | |
Interest | 1 | 1 | 1 | 2 | 1 | 1 | 2 | 1 | 1 | 2 | 2 | 3 |
Depreciation | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 2 |
Profit before tax | 8 | 10 | 4 | 7 | 10 | 10 | 7 | 10 | 12 | 16 | 12 | 11 |
Tax % | 43% | 34% | 31% | 25% | 19% | 15% | -3% | -2% | 1% | 7% | 6% | 10% |
5 | 6 | 3 | 5 | 8 | 9 | 7 | 10 | 12 | 15 | 11 | 10 | |
EPS in Rs | 152.58 | 207.10 | 81.61 | 172.90 | 5.26 | 5.84 | 4.86 | 7.08 | 8.16 | 9.81 | 7.67 | 6.78 |
Dividend Payout % | 13% | 10% | 25% | 0% | 10% | 17% | 21% | 21% | 24% | 20% | 26% | 30% |
Compounded Sales Growth | |
---|---|
10 Years: | 16% |
5 Years: | 19% |
3 Years: | 21% |
TTM: | 26% |
Compounded Profit Growth | |
---|---|
10 Years: | 5% |
5 Years: | 7% |
3 Years: | -6% |
TTM: | -11% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | 38% |
3 Years: | 3% |
1 Year: | -19% |
Return on Equity | |
---|---|
10 Years: | 12% |
5 Years: | 12% |
3 Years: | 11% |
Last Year: | 8% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 3 | 3 | 3 | 3 | 15 | 15 | 15 | 15 | 15 | 15 | 15 | 15 |
Reserves | 21 | 26 | 27 | 32 | 48 | 55 | 62 | 70 | 80 | 93 | 102 | 111 |
11 | 9 | 9 | 15 | 4 | 8 | 10 | 4 | 6 | 3 | 10 | 27 | |
14 | 14 | 12 | 17 | 16 | 28 | 32 | 31 | 48 | 47 | 44 | 61 | |
Total Liabilities | 49 | 53 | 52 | 67 | 83 | 106 | 118 | 120 | 149 | 158 | 171 | 213 |
9 | 9 | 7 | 7 | 7 | 12 | 11 | 10 | 10 | 10 | 10 | 18 | |
CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 6 |
39 | 44 | 44 | 60 | 76 | 94 | 106 | 109 | 138 | 148 | 161 | 190 | |
Total Assets | 49 | 53 | 52 | 67 | 83 | 106 | 118 | 120 | 149 | 158 | 171 | 213 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
4 | 4 | 0 | 1 | -7 | -4 | 4 | 17 | -10 | 7 | 3 | -2 | |
-0 | -0 | -0 | -0 | 1 | -1 | -0 | 2 | 0 | -0 | 1 | -13 | |
-3 | -4 | -2 | 4 | 8 | 1 | -2 | -7 | -1 | -7 | 2 | 11 | |
Net Cash Flow | 1 | 0 | -2 | 4 | 1 | -4 | 1 | 12 | -11 | -1 | 6 | -4 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 110 | 100 | 91 | 85 | 86 | 86 | 97 | 97 | 102 | 79 | 75 | 83 |
Inventory Days | ||||||||||||
Days Payable | ||||||||||||
Cash Conversion Cycle | 110 | 100 | 91 | 85 | 86 | 86 | 97 | 97 | 102 | 79 | 75 | 83 |
Working Capital Days | 62 | 62 | 57 | 48 | 58 | 52 | 56 | 60 | 64 | 50 | 61 | 69 |
ROCE % | 29% | 30% | 12% | 20% | 18% | 15% | 11% | 13% | 14% | 18% | 12% | 10% |
Documents
Announcements
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Investor Presentation
6 June 2025 - Aarvi Encon's June 2025 investor presentation detailing business overview, milestones, clients, and growth strategy.
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Investor Presentation
2 June 2025 - Aarvi Encon Q4-FY25/FY25 results: 40.2% Q4 sales growth, ₹186.04cr renewed order, ₹38.43cr new order.
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Change in Directors/ Key Managerial Personnel/ Auditor/ Compliance Officer/ Share Transfer Agent
29 May 2025 - AARVI ENCON LIMITED has informed about Change in Directors/ Key Managerial Personnel/ Auditor/ Compliance Officer/ Share Transfer Agent
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Outcome of Board Meeting-XBRL
29 May 2025 - AARVI ENCON LIMITED has informed regarding Outcome of Board Meeting held on 29-May-2025 for Dividend
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Change in Auditors
29 May 2025 - Approved FY 2024-25 audited results; recommended 20% dividend; appointed secretarial and internal auditors.
Annual reports
Concalls
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Jun 2025TranscriptNotesPPT
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Dec 2020TranscriptNotesPPT
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, & 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