Aarvi Encon Ltd

Aarvi Encon Ltd

₹ 145 -2.45%
19 Apr - close price
About

Incorporated in 1987, Aarvi Encon
Ltd is a HR Services company[1]

Key Points

Business Overview:[1][2]
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 214 Cr.
  • Current Price 145
  • High / Low 184 / 113
  • Stock P/E 18.2
  • Book Value 76.8
  • Dividend Yield 1.38 %
  • ROCE 17.5 %
  • ROE 15.0 %
  • Face Value 10.0

Pros

  • Company is almost debt free.
  • Company has been maintaining a healthy dividend payout of 22.0%
  • Company's median sales growth is 16.8% of last 10 years

Cons

  • Tax rate seems low
  • Company has a low return on equity of 14.0% 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.

Peer comparison

Sector: Miscellaneous Industry: Miscellaneous

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
49.79 56.99 58.49 65.39 73.69 90.99 106.64 112.65 110.94 106.30 100.87 102.29 99.88
48.16 54.58 56.07 61.99 69.74 88.03 102.04 107.24 107.35 101.67 96.73 99.11 97.66
Operating Profit 1.63 2.41 2.42 3.40 3.95 2.96 4.60 5.41 3.59 4.63 4.14 3.18 2.22
OPM % 3.27% 4.23% 4.14% 5.20% 5.36% 3.25% 4.31% 4.80% 3.24% 4.36% 4.10% 3.11% 2.22%
0.99 0.59 0.17 0.38 0.36 0.28 0.33 -0.50 0.34 0.27 0.12 0.31 0.90
Interest 0.08 0.14 0.14 0.13 0.19 0.28 0.32 0.44 0.54 0.46 0.31 0.35 0.39
Depreciation 0.25 0.25 0.23 0.26 0.30 0.22 0.25 0.29 0.33 0.35 0.28 0.30 0.35
Profit before tax 2.29 2.61 2.22 3.39 3.82 2.74 4.36 4.18 3.06 4.09 3.67 2.84 2.38
Tax % -15.72% -15.71% 0.00% 0.29% 0.00% 2.55% 0.69% 2.15% 13.07% 15.65% 9.54% 8.10% 0.42%
2.65 3.03 2.21 3.37 3.82 2.66 4.32 4.09 2.65 3.45 3.32 2.61 2.38
EPS in Rs 1.79 2.05 1.49 2.28 2.58 1.80 2.92 2.77 1.79 2.33 2.25 1.77 1.61
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
80 99 115 110 153 173 206 218 202 289 437 409
71 89 103 105 144 164 195 209 192 275 418 395
Operating Profit 8 10 12 5 9 10 11 9 10 13 19 14
OPM % 11% 10% 10% 5% 6% 6% 6% 4% 5% 5% 4% 3%
1 1 0 1 0 2 1 1 2 1 0 2
Interest 2 1 1 1 2 1 1 2 1 1 2 2
Depreciation 1 1 1 1 1 1 1 1 1 1 1 1
Profit before tax 7 8 10 4 7 10 10 7 10 12 16 13
Tax % 34% 43% 34% 31% 25% 19% 15% -3% -2% 1% 7%
4 5 6 3 5 8 9 7 10 12 15 12
EPS in Rs 139.68 152.58 207.10 81.61 172.90 5.26 5.84 4.86 7.08 8.16 9.81 7.96
Dividend Payout % 14% 13% 10% 25% 0% 10% 17% 21% 21% 24% 20%
Compounded Sales Growth
10 Years: 19%
5 Years: 20%
3 Years: 26%
TTM: -3%
Compounded Profit Growth
10 Years: 13%
5 Years: 15%
3 Years: 29%
TTM: -19%
Stock Price CAGR
10 Years: %
5 Years: 28%
3 Years: 43%
1 Year: 9%
Return on Equity
10 Years: 14%
5 Years: 13%
3 Years: 14%
Last Year: 15%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 3 3 3 3 3 15 15 15 15 15 15 15
Reserves 17 21 26 27 32 48 55 62 70 80 93 96
12 11 9 9 15 4 8 10 4 6 3 11
12 14 14 12 17 16 28 32 31 48 47 39
Total Liabilities 43 49 53 52 67 83 106 118 120 149 158 161
10 9 9 7 7 7 12 11 10 10 10 10
CWIP 0 0 0 0 0 0 0 0 0 0 0 0
Investments 1 0 0 0 0 0 0 0 0 0 0 0
33 39 44 44 60 76 94 106 109 138 148 150
Total Assets 43 49 53 52 67 83 106 118 120 149 158 161

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
7 4 4 0 1 -7 -4 4 17 -10 3
-6 -0 -0 -0 -0 1 -1 -0 2 0 -0
0 -3 -4 -2 4 8 1 -2 -7 -1 -4
Net Cash Flow 1 1 0 -2 4 1 -4 1 12 -11 -1

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 101 110 100 91 85 86 86 97 97 102 79
Inventory Days
Days Payable
Cash Conversion Cycle 101 110 100 91 85 86 86 97 97 102 79
Working Capital Days 54 62 62 57 48 58 52 56 60 64 50
ROCE % 29% 30% 12% 20% 18% 15% 11% 13% 14% 18%

Shareholding Pattern

Numbers in percentages

2 Recently
Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
73.47% 73.47% 73.47% 73.47% 73.47% 73.47% 73.47% 73.47% 73.47% 73.51% 73.54% 73.54%
26.53% 26.52% 26.52% 26.52% 26.53% 26.52% 26.52% 26.53% 26.53% 26.49% 26.46% 26.46%
No. of Shareholders 3,5504,1303,7573,5453,5105,2296,8758,1328,6869,32611,26210,663

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