Aarvi Encon Ltd

AARVI

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Market Cap

₹ 180 Cr

P/E

12.51

Turned 1 L into 2.66 L in last 5 Years

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Investment Checklist

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Performance

STEADY PERFORMER

Valuation

REASONABLE

Growth

SLUGGISH

Profitability

LOW MARGIN

Technicals

Bearish

Risk

LOW RISK

Investment Checklist

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Price

PE Ratio

Price

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Overview

Detailed Summary

Aarvi Encon Limited is a pioneer in technical staffing solutions in India, specializing in engineering and manpower outsourcing across diverse sectors.

The company demonstrated significant growth with a 31.3% year-on-year increase in Q2-FY26 operational income, reaching INR 1,589 million.

Aarvi Encon has established strong international operations with significant projects in the UAE and the UK, bolstering its global presence.

The company maintains a robust clientele, including major players like Larsen & Turbo, Reliance Industries, and Indian Oil, underscoring its industry reputation.

Aarvi has a notable recruitment framework, with a large database of over 800,000 resumes and a well-trained recruiting team.

Sector

Infrastructure Developers & Operators

Industry

Engineering - Turnkey Services

Market Cap

180 Cr

Volatility

Low Risk

P/E Ratio

12.5

Industry P/E

25.9

PEG Ratio

—

P/B Ratio

1.4

52W High

152.00

52W Low

88.00

Sales CAGR

25.67%

19.13%

19.40%

10Y

—

Profit CAGR

-11.46%

-14.35%

15.36%

10Y

—

ROE

TTM

10.84%

10.66%

11.65%

10Y

11.12%

ROCE

TTM

11.34%

13.20%

13.49%

10Y

13.50%

Technicals

‌

Forecasts

Peers

Symbol	Price	Market Cap	P/E	P/B	Div Yield (%)	ROE (%)	ROCE (%)	ROA (%)
HVAX	824.60	229 Cr	20.85	3.18	0.00	15.78	19.74	10.88
UVDRHOR	152.50	209 Cr	32.92	3.92	0.99	11.91	14.44	6.57
WINSOL	158.15	182 Cr	15.47	3.69	0.00	22.51	22.55	11.05
AARVI	121.22	180 Cr	12.51	1.36	1.65	10.84	11.34	6.47
HECPROJECT	124.88	135 Cr	12.69	2.39	0.00	18.82	18.35	8.35
LAKSHYA	132.95	134 Cr	8.47	1.44	0.00	15.14	14.97	8.03
BCPL	73.66	123 Cr	17.05	1.28	1.36	7.50	8.43	2.48

Financial Statements

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Consolidated Quarterly Results (in ₹ Crores)

View Standalone

Total Figures

QoQ Changes

Total Figures

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025
Sales	101	102	100	103	113	121	132	144	151	159
Expenses	97	99	98	100	110	120	128	140	146	153
Operating Profit	4.14	3.18	2.23	2.98	3.30	1.36	3.63	4.45	4.93	5.59
OPM %	4.10	3.11	2.23	2.89	2.91	1.12	2.76	3.08	3.26	3.52
Other Income	0.12	0.31	0.90	1.00	0.48	1.08	0.46	0.49	0.68	0.65
Interest	0.31	0.35	0.39	0.42	0.67	0.19	0.79	0.83	0.78	0.71
Depreciation	0.28	0.30	0.35	0.34	0.29	0.32	0.47	0.50	0.39	0.44
Profit Before Tax	3.67	2.84	2.39	3.21	2.83	1.94	2.83	3.62	4.44	5.09
Tax %	9.54	8.10	0.42	5.61	7.77	-8.76	16.25	18.23	5.18	5.50
Net Profit	3.32	2.61	2.38	3.04	2.61	2.11	2.37	2.95	4.22	4.80
EPS in Rs	2.24	1.77	1.60	2.05	1.76	1.42	1.59	1.98	2.83	3.22

Consolidated Profit Loss (in ₹ Crores)

View Standalone

Total Figures

YoY Changes

Total Figures

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	TTM
Sales	153	173	206	218	202	289	437	406	510	548
Expenses	144	164	195	209	192	276	418	394	497	534
Operating Profit	9.30	9.80	11	9.20	9.55	13	18	13	13	14
OPM %	6.07	5.65	5.44	4.22	4.73	4.41	4.17	3.08	2.62	2.62
Other Income	0.34	1.53	1.20	0.60	2.30	1.18	0.45	2.33	2.48	2.71
Interest	1.63	1.03	1.04	1.60	0.57	0.73	1.76	1.47	3.08	2.59
Depreciation	0.89	0.76	0.74	1.24	0.97	1.02	1.23	1.27	1.57	1.68
Profit Before Tax	7.12	9.54	11	6.95	10	12	16	12	11	13
Tax %	24.78	18.53	14.14	-3.22	-1.48	0.68	7.43	6.31	10.47	9.20
Net Profit	5.36	7.77	9.12	7.18	10	12	15	11	10	12
EPS in Rs	—	—	—	5.67	7.08	8.15	9.79	7.65	6.74	9.62
Dividend Payout %	0.00	8.28	16.21	20.58	21.19	24.51	20.43	26.14	29.72	—

Consolidated Balance Sheet (in ₹ Crores)

View Standalone

Total Figures

YoY Changes

Total Figures

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Equity Capital	3.10	15	15	15	15	15	15	15	15
Reserves	32	48	56	62	70	80	93	102	111
Borrowings	13	3.94	7.29	9.50	3.53	6.43	3.40	9.75	27
Other Liabilities	19	16	25	32	32	48	47	45	61
Total Liabilities	67	83	104	118	120	149	158	171	213
Fixed Assets	7.31	6.67	12	11	10	10	10	9.66	18
CWIP	0.00	0.00	0.08	0.12	0.17	0.00	0.00	0.00	0.00
Investments	0.00	0.00	0.00	0.32	0.34	0.36	0.37	0.40	5.52
Other Assets	60	76	92	106	109	138	148	161	190
Total Assets	67	83	104	118	120	149	158	171	213

Consolidated Cash Flows (in ₹ Crores)

View Standalone

Total Figures

YoY Changes

Total Figures

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Cash from Operating Activity	0.62	-7.38	-1.14	3.70	17	-10	6.73	3.14	-2.40
Cash from Investing Activity	-0.24	0.64	-4.55	-0.44	2.04	0.11	-0.37	1.15	-13
Cash from Financing Activity	4.11	8.18	1.64	-1.92	-7.47	-1.08	-7.04	2.01	11
Net Cash Flow	4.49	1.44	-4.06	1.33	12	-11	-0.68	6.30	-3.98

Shareholdings

Shareholding History

Quarterly

Yearly

Quarterly

	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025
Promoters	73.47%	73.47%	73.47%	73.51%	73.54%	73.54%	73.54%	73.58%	73.58%	73.47%	73.47%	73.47%
FIIs	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
DIIs	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Public	26.52%	26.53%	26.53%	26.49%	26.46%	26.46%	26.46%	26.42%	26.42%	26.53%	26.53%	26.53%
Total Shareholders	6,875	8,132	8,686	9,326	11,262	10,663	10,382	9,691	9,552	9,410	9,236	9,666

Market Transactions

Date	Party	Category	Type	Avg Price (₹)	Total Value (₹)	Quantity	Percent Traded
Aug 13, 2025	Amit kumar jain huf	Bulk	Sell	119.96	1.82 Cr	1,51,420	1.02
Aug 13, 2025	Amit kumar jain huf	Bulk	Buy	120.03	2.03 Cr	1,69,374	1.14

Projection

Actions

Action Type

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Announcements

Last 7 days

Newest

Sentiment

Investor Meet

4 days ago

Aarvi Encon Investor Meet Scheduled

Aarvi Encon Limited will hold a video conferencing meet with a group of investors on December 19, 2025, to discuss public domain information regarding the company.

Documents

Presentations

Concalls

Reports

Presentations

Investor Presentation

Q2 FY26

Investor Presentation

Q1 FY26

Investor Presentation

Q4 FY25

Investor Presentation

Q3 FY25

Investor Presentation

Q3 FY25

Investor Presentation

Q2 FY25

Investor Presentation

Q1 FY25

Investor Presentation

Q1 FY25

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Financial Statements

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Discover detailed, AI-driven financial summaries that break down key metrics, trends, and insights—empowering you to make smarter investment decisions.

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Consolidated Quarterly Results (in ₹ Crores)

View Standalone

Total Figures

QoQ Changes

Total Figures

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025
Sales	101	102	100	103	113	121	132	144	151	159
Expenses	97	99	98	100	110	120	128	140	146	153
Operating Profit	4.14	3.18	2.23	2.98	3.30	1.36	3.63	4.45	4.93	5.59
OPM %	4.10	3.11	2.23	2.89	2.91	1.12	2.76	3.08	3.26	3.52
Other Income	0.12	0.31	0.90	1.00	0.48	1.08	0.46	0.49	0.68	0.65
Interest	0.31	0.35	0.39	0.42	0.67	0.19	0.79	0.83	0.78	0.71
Depreciation	0.28	0.30	0.35	0.34	0.29	0.32	0.47	0.50	0.39	0.44
Profit Before Tax	3.67	2.84	2.39	3.21	2.83	1.94	2.83	3.62	4.44	5.09
Tax %	9.54	8.10	0.42	5.61	7.77	-8.76	16.25	18.23	5.18	5.50
Net Profit	3.32	2.61	2.38	3.04	2.61	2.11	2.37	2.95	4.22	4.80
EPS in Rs	2.24	1.77	1.60	2.05	1.76	1.42	1.59	1.98	2.83	3.22

Consolidated Profit Loss (in ₹ Crores)

View Standalone

Total Figures

YoY Changes

Total Figures

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	TTM
Sales	153	173	206	218	202	289	437	406	510	548
Expenses	144	164	195	209	192	276	418	394	497	534
Operating Profit	9.30	9.80	11	9.20	9.55	13	18	13	13	14
OPM %	6.07	5.65	5.44	4.22	4.73	4.41	4.17	3.08	2.62	2.62
Other Income	0.34	1.53	1.20	0.60	2.30	1.18	0.45	2.33	2.48	2.71
Interest	1.63	1.03	1.04	1.60	0.57	0.73	1.76	1.47	3.08	2.59
Depreciation	0.89	0.76	0.74	1.24	0.97	1.02	1.23	1.27	1.57	1.68
Profit Before Tax	7.12	9.54	11	6.95	10	12	16	12	11	13
Tax %	24.78	18.53	14.14	-3.22	-1.48	0.68	7.43	6.31	10.47	9.20
Net Profit	5.36	7.77	9.12	7.18	10	12	15	11	10	12
EPS in Rs	—	—	—	5.67	7.08	8.15	9.79	7.65	6.74	9.62
Dividend Payout %	0.00	8.28	16.21	20.58	21.19	24.51	20.43	26.14	29.72	—

Consolidated Balance Sheet (in ₹ Crores)

View Standalone

Total Figures

YoY Changes

Total Figures

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Equity Capital	3.10	15	15	15	15	15	15	15	15
Reserves	32	48	56	62	70	80	93	102	111
Borrowings	13	3.94	7.29	9.50	3.53	6.43	3.40	9.75	27
Other Liabilities	19	16	25	32	32	48	47	45	61
Total Liabilities	67	83	104	118	120	149	158	171	213
Fixed Assets	7.31	6.67	12	11	10	10	10	9.66	18
CWIP	0.00	0.00	0.08	0.12	0.17	0.00	0.00	0.00	0.00
Investments	0.00	0.00	0.00	0.32	0.34	0.36	0.37	0.40	5.52
Other Assets	60	76	92	106	109	138	148	161	190
Total Assets	67	83	104	118	120	149	158	171	213

Consolidated Cash Flows (in ₹ Crores)

View Standalone

Total Figures

YoY Changes

Total Figures

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Cash from Operating Activity	0.62	-7.38	-1.14	3.70	17	-10	6.73	3.14	-2.40
Cash from Investing Activity	-0.24	0.64	-4.55	-0.44	2.04	0.11	-0.37	1.15	-13
Cash from Financing Activity	4.11	8.18	1.64	-1.92	-7.47	-1.08	-7.04	2.01	11
Net Cash Flow	4.49	1.44	-4.06	1.33	12	-11	-0.68	6.30	-3.98

Peers

Symbol	Price	Market Cap	P/E	P/B	Div Yield (%)	ROE (%)	ROCE (%)	ROA (%)
HVAX	824.60	229 Cr	20.85	3.18	0.00	15.78	19.74	10.88
UVDRHOR	152.50	209 Cr	32.92	3.92	0.99	11.91	14.44	6.57
WINSOL	158.15	182 Cr	15.47	3.69	0.00	22.51	22.55	11.05
AARVI	121.22	180 Cr	12.51	1.36	1.65	10.84	11.34	6.47
HECPROJECT	124.88	135 Cr	12.69	2.39	0.00	18.82	18.35	8.35
LAKSHYA	132.95	134 Cr	8.47	1.44	0.00	15.14	14.97	8.03
BCPL	73.66	123 Cr	17.05	1.28	1.36	7.50	8.43	2.48

Oscillators

BearishNeutralBullish

Bullish

Bearish

Neutral

Bullish

Overall

BearishNeutralBullish

Bearish

Neutral

Bullish

Moving Averages

BearishNeutralBullish

Bearish

Neutral

Bullish

Overall

BearishNeutralBullish

Bearish

Neutral

Bullish

Overview

Detailed Summary

Aarvi Encon Limited is a pioneer in technical staffing solutions in India, specializing in engineering and manpower outsourcing across diverse sectors.

The company demonstrated significant growth with a 31.3% year-on-year increase in Q2-FY26 operational income, reaching INR 1,589 million.

Aarvi Encon has established strong international operations with significant projects in the UAE and the UK, bolstering its global presence.

The company maintains a robust clientele, including major players like Larsen & Turbo, Reliance Industries, and Indian Oil, underscoring its industry reputation.

Aarvi has a notable recruitment framework, with a large database of over 800,000 resumes and a well-trained recruiting team.

Sector

Infrastructure Developers & Operators

Industry

Engineering - Turnkey Services

Market Cap

180 Cr

Volatility

Low Risk

P/E Ratio

12.5

Industry P/E

25.9

PEG Ratio

—

P/B Ratio

1.4

52W High

152.00

52W Low

88.00

Sales CAGR

25.67%

19.13%

19.40%

10Y

—

Profit CAGR

-11.46%

-14.35%

15.36%

10Y

—

ROE

TTM

10.84%

10.66%

11.65%

10Y

11.12%

ROCE

TTM

11.34%

13.20%

13.49%

10Y

13.50%

Aarvi Encon Ltd

Aarvi Encon Ltd

AARVI

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Overview

Sector

Industry

Market Cap

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P/E Ratio

Industry P/E

PEG Ratio

P/B Ratio

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Technicals

Forecasts

Peers

Price Chart Comparison

Financial Statements

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Consolidated Quarterly Results (in ₹ Crores)

Consolidated Profit Loss (in ₹ Crores)

Consolidated Balance Sheet (in ₹ Crores)

Consolidated Cash Flows (in ₹ Crores)

Shareholdings

Shareholding History

Market Transactions

Projection

Actions

Announcements

Documents

AI Mode

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Technicals

Financial Statements

AI Powered Summary

AI Mode

Consolidated Quarterly Results (in ₹ Crores)

Consolidated Profit Loss (in ₹ Crores)

Consolidated Balance Sheet (in ₹ Crores)

Consolidated Cash Flows (in ₹ Crores)

Peers

Price Chart Comparison

Oscillators

Bullish

Overall

Bearish

Moving Averages

Bearish

Overall

Bearish

Overview

Sector

Industry

Market Cap

Volatility

P/E Ratio

Industry P/E

PEG Ratio

P/B Ratio

52W High

52W Low

Investment Checklist

Announcements