Aarvi Encon Ltd

Aarvi Encon Ltd

₹ 150 5.32%
12 Dec 3:31 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 221 Cr.
  • Current Price 150
  • High / Low 184 / 113
  • Stock P/E 21.8
  • Book Value 80.5
  • Dividend Yield 1.33 %
  • ROCE 11.7 %
  • ROE 10.1 %
  • Face Value 10.0

Pros

  • Company has been maintaining a healthy dividend payout of 23.6%

Cons

  • Tax rate seems low
  • Company has a low return on equity of 12.8% over last 3 years.
  • Earnings include an other income of Rs.3.46 Cr.

* 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

Loading peers table ...

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
65.39 73.69 90.99 106.64 112.65 110.94 106.30 100.87 102.29 99.88 103.11 113.33 121.00
61.99 69.74 88.03 102.04 107.24 107.35 101.67 96.73 99.11 97.66 100.14 110.02 119.63
Operating Profit 3.40 3.95 2.96 4.60 5.41 3.59 4.63 4.14 3.18 2.22 2.97 3.31 1.37
OPM % 5.20% 5.36% 3.25% 4.31% 4.80% 3.24% 4.36% 4.10% 3.11% 2.22% 2.88% 2.92% 1.13%
0.38 0.36 0.28 0.33 -0.50 0.34 0.27 0.12 0.31 0.90 1.00 0.48 1.08
Interest 0.13 0.19 0.28 0.32 0.44 0.54 0.46 0.31 0.35 0.39 0.42 0.67 0.19
Depreciation 0.26 0.30 0.22 0.25 0.29 0.33 0.35 0.28 0.30 0.35 0.34 0.29 0.32
Profit before tax 3.39 3.82 2.74 4.36 4.18 3.06 4.09 3.67 2.84 2.38 3.21 2.83 1.94
Tax % 0.29% 0.00% 2.55% 0.69% 2.15% 13.07% 15.65% 9.54% 8.10% 0.42% 5.30% 7.77% -8.76%
3.37 3.82 2.66 4.32 4.09 2.65 3.45 3.32 2.61 2.38 3.04 2.61 2.11
EPS in Rs 2.28 2.58 1.80 2.92 2.77 1.79 2.33 2.25 1.77 1.61 2.06 1.77 1.43
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 Mar 2024 TTM
80 99 115 110 153 173 206 218 202 289 437 406 437
71 89 103 105 144 164 195 209 192 275 418 393 427
Operating Profit 8 10 12 5 9 10 11 9 10 13 19 13 10
OPM % 11% 10% 10% 5% 6% 6% 6% 4% 5% 5% 4% 3% 2%
1 1 0 1 0 2 1 1 2 1 0 2 3
Interest 2 1 1 1 2 1 1 2 1 1 2 2 2
Depreciation 1 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 12 10
Tax % 34% 43% 34% 31% 25% 19% 15% -3% -2% 1% 7% 6%
4 5 6 3 5 8 9 7 10 12 15 11 10
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 7.67 6.87
Dividend Payout % 14% 13% 10% 25% 0% 10% 17% 21% 21% 24% 20% 26%
Compounded Sales Growth
10 Years: 15%
5 Years: 15%
3 Years: 26%
TTM: 4%
Compounded Profit Growth
10 Years: 9%
5 Years: 7%
3 Years: 3%
TTM: -16%
Stock Price CAGR
10 Years: %
5 Years: 33%
3 Years: 18%
1 Year: 0%
Return on Equity
10 Years: 13%
5 Years: 12%
3 Years: 13%
Last Year: 10%

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 Mar 2024
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 93 102
12 11 9 9 15 4 8 10 4 6 3 10
12 14 14 12 17 16 28 32 31 48 47 44
Total Liabilities 43 49 53 52 67 83 106 118 120 149 158 171
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 94 106 109 138 148 161
Total Assets 43 49 53 52 67 83 106 118 120 149 158 171

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 Mar 2024
7 4 4 0 1 -7 -4 4 17 -10 7 3
-6 -0 -0 -0 -0 1 -1 -0 2 0 -0 1
0 -3 -4 -2 4 8 1 -2 -7 -1 -7 2
Net Cash Flow 1 1 0 -2 4 1 -4 1 12 -11 -1 6

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 Mar 2024
Debtor Days 101 110 100 91 85 86 86 97 97 102 79 75
Inventory Days
Days Payable
Cash Conversion Cycle 101 110 100 91 85 86 86 97 97 102 79 75
Working Capital Days 54 62 62 57 48 58 52 56 60 64 50 61
ROCE % 29% 30% 12% 20% 18% 15% 11% 13% 14% 18% 12%

Shareholding Pattern

Numbers in percentages

Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
73.47% 73.47% 73.47% 73.47% 73.47% 73.47% 73.47% 73.51% 73.54% 73.54% 73.54% 73.58%
26.52% 26.52% 26.53% 26.52% 26.52% 26.53% 26.53% 26.49% 26.46% 26.46% 26.46% 26.42%
No. of Shareholders 3,7573,5453,5105,2296,8758,1328,6869,32611,26210,66310,3829,691

Documents

Concalls