Aarvi Encon Ltd

Aarvi Encon Ltd

₹ 113 0.63%
11 Jun 1:44 p.m.
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, & 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 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.

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025
90.99 106.64 112.65 110.94 106.30 100.87 102.29 99.88 103.11 113.33 120.96 131.64 144.45
88.03 102.04 107.24 107.35 101.67 96.73 99.11 97.66 100.14 110.02 118.96 128.00 140.00
Operating Profit 2.96 4.60 5.41 3.59 4.63 4.14 3.18 2.22 2.97 3.31 2.00 3.64 4.45
OPM % 3.25% 4.31% 4.80% 3.24% 4.36% 4.10% 3.11% 2.22% 2.88% 2.92% 1.65% 2.77% 3.08%
0.28 0.33 -0.50 0.34 0.27 0.12 0.31 0.90 1.00 0.48 1.04 0.46 0.49
Interest 0.28 0.32 0.44 0.54 0.46 0.31 0.35 0.39 0.42 0.67 0.79 0.79 0.83
Depreciation 0.22 0.25 0.29 0.33 0.35 0.28 0.30 0.35 0.34 0.29 0.31 0.47 0.50
Profit before tax 2.74 4.36 4.18 3.06 4.09 3.67 2.84 2.38 3.21 2.83 1.94 2.84 3.61
Tax % 2.55% 0.69% 2.15% 13.07% 15.65% 9.54% 8.10% 0.42% 5.30% 7.77% -8.76% 16.20% 18.28%
2.66 4.32 4.09 2.65 3.45 3.32 2.61 2.38 3.04 2.61 2.11 2.37 2.95
EPS in Rs 1.80 2.92 2.77 1.79 2.33 2.25 1.77 1.61 2.06 1.77 1.43 1.60 1.99
Raw PDF

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%

Shareholding Pattern

Numbers in percentages

Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025
73.47% 73.47% 73.47% 73.47% 73.47% 73.51% 73.54% 73.54% 73.54% 73.58% 73.58% 73.47%
26.53% 26.52% 26.52% 26.53% 26.53% 26.49% 26.46% 26.46% 26.46% 26.42% 26.42% 26.53%
No. of Shareholders 3,5105,2296,8758,1328,6869,32611,26210,66310,3829,6919,5529,410

Documents

Concalls