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Aarvi Encon

AARVI NSE
₹134.61 No trade today
P/E
10.29
View as Markdown
MCP
Close 4 Nov 2026 ₹134.61 +16.75 +14.2% 1Y
Start ₹117.86

Key Fundamentals

MicrocapCommercial ServicesServices

Price-based figures as of · EPS basis: Consolidated · TTM

ROCE
14.70%
Debt to Equity
0.19
EPS (TTM)
₹13.08
Book Value
₹94.71
Market Cap
—
P/E (TTM)
10.29
P/B
1.42
ROE
13.50%
Dividend Yield
1.49%
EBITDA
₹24.90 Cr
52W High
₹168.40
52W Low
₹115.99
Volume
0

Peer Comparison

Services › Commercial Services › Diversified Services › Diversified Commercial Services

Aarvi Encon peer comparison
International Gemological Institute
₹402.0028.49₹17,550 Cr9.920.63%55.80%69.20%₹1,363 Cr₹611 Cr
WeWork India Management
₹680.50111.74₹9,206 Cr27.760.00%27.90%12.60%₹2,578 Cr₹82 Cr
Nesco
₹1,040.4017.60₹7,372 Cr2.330.68%14.80%18.50%₹951 Cr₹417 Cr
Indiabulls
₹31.2816.82₹7,118 Cr2.050.00%23.10%16.20%₹1,101 Cr₹488 Cr
Nirlon
₹633.5015.99₹5,724 Cr12.184.72%83.80%30.80%₹674 Cr₹357 Cr
Leap India
₹116.4522.39₹5,030 Cr3.400.00%9.82%9.21%₹821 Cr₹75 Cr
Aarvi Encon (this company)
₹134.6110.29₹197 Cr1.421.49%13.50%14.70%₹671 Cr₹19 Cr
Median 7 companies₹402.0017.60₹7,118 Cr3.400.63%23.10%16.20%₹951 Cr₹357 Cr

Comparable companies in the same industry. Market cap, P/E and P/B use the latest price; other metrics are as reported in filings. A dash means the figure is not published for that company. 1 company is not shown because they are not listed on an exchange we cover.

Tapetide Score

Data-driven rating, 0–100, as of . How it works →

Overall score

63 Good

Data confidence 100/100

Category scores

Quality
69
Strong
Returns, margins, earnings quality 22% weight
Valuation
63
Good
Cheap vs sector & own history 24% weight
Growth
62
Good
Sales & profit trajectory 9% weight
Financial Health
68
Strong
Solvency, leverage, coverage 9% weight
Momentum
69
Strong
Trend strength, vol-adjusted 12% weight
Ownership
50
Average
FII/DII/promoter flows 24% weight

The Tapetide Score is data analysis, not investment advice. Tapetide is not a SEBI-registered research analyst or investment adviser.

Key Insights

Strengths

2
  • Company has been maintaining a healthy dividend payout of 24.1%
  • Company's median sales growth is 22.2% of last 10 years

Weaknesses

2
  • Tax rate seems low
  • Company has a low return on equity of 10.7% over last 3 years.

Technical Indicators

Technical signals: verdict and indicator counts
GroupSignalBearishNeutralBullish
OverallBearish964
OscillatorsBearish261
Moving AveragesStrong Bearish703

Key readings

RSI (14)
48.17
Neutral
MACD (12,26,9)
−2.05
Bullish
SMA (50)
138.73
Bearish
SMA (200)
136.19
Bearish

As of

Growth Rate

From the financial statements below. 10Y, 5Y, 3Y: compound annual growth to Mar 2026; 1Y: fiscal year to Mar 2026 against Mar 2025; TTM: four quarters to Jun 2026 against Jun 2025.

Revenue

Revenue growth by window
10Y+19.44%
5Y+26.33%
3Y+14.15%
1Y+27.45%
TTM+22.41%

Net profit

Net profit growth by window
10Y+19.62%
5Y+12.47%
3Y+6.27%
1Y+80.00%
TTM+66.35%

Operating cash flow

Operating cash flow growth by window
10YZero base
5Y−13.99%
3Y+38.67%
1YTurned positive
TTM—

TTM: Reported once a year, so there is no trailing-twelve-month figure.

Operating margin· change in pp

Operating margin growth by window
10Y−1.01 pp
5Y−1.41 pp
3Y−0.81 pp
1Y+0.79 pp
TTM+0.57 pp

Revenue by year

Revenue by year, ₹ crore
Mar 2017₹153 Cr
Mar 2018₹173 Cr
Mar 2019₹206 Cr
Mar 2020₹218 Cr
Mar 2021₹202 Cr
Mar 2022₹289 Cr
Mar 2023₹437 Cr
Mar 2024₹406 Cr
Mar 2025₹510 Cr
Mar 2026₹650 Cr

Net profit by year

Net profit by year, ₹ crore
Mar 2017₹5.00 Cr
Mar 2018₹8.00 Cr
Mar 2019₹9.00 Cr
Mar 2020₹7.00 Cr
Mar 2021₹10.00 Cr
Mar 2022₹12.00 Cr
Mar 2023₹15.00 Cr
Mar 2024₹11.00 Cr
Mar 2025₹10.00 Cr
Mar 2026₹18.00 Cr

Quarterly Results

₹ Cr
AARVI quarterly results, ₹ crore
Particulars Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales
101
102
99.88
103
113
121
132
144
151
159
167
172
173
Expenses
96.73
99.11
97.66
100
110
119
128
140
146
153
162
165
168
Operating Profit
4.14
3.18
2.22
2.97
3.31
2
3.64
4.45
4.93
5.58
5.36
6.81
4.49
OPM %
4.1%
3.11%
2.22%
2.88%
2.92%
1.65%
2.77%
3.08%
3.26%
3.51%
3.2%
3.95%
2.6%
Other Income
0.12
0.31
0.9
1
0.48
1.04
0.46
0.49
0.68
0.65
−0.22
0.8
3.02
Interest
0.31
0.35
0.39
0.42
0.67
0.79
0.79
0.83
0.78
0.71
0.69
0.71
0.75
Depreciation
0.28
0.3
0.35
0.34
0.29
0.31
0.47
0.5
0.39
0.44
0.46
0.48
0.52
PBT
3.67
2.84
2.39
3.21
2.83
1.94
2.83
3.62
4.44
5.09
3.99
6.42
6.24
Tax %
9.54%
8.1%
0.42%
5.3%
7.77%
−8.76%
16.2%
18.28%
4.95%
5.71%
−0.75%
28.5%
4.01%
Net Profit
3.32
2.61
2.38
3.04
2.61
2.11
2.37
2.95
4.22
4.8
4.01
4.58
5.99
EPS (₹)
2.25
1.77
1.61
2.06
1.77
1.43
1.6
1.99
2.85
3.24
2.71
3.09
4.04

Profit & Loss

₹ Cr
AARVI profit and loss, annual, ₹ crore
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales
115
110
153
173
206
218
202
289
437
406
510
650
671
Expenses
103
105
144
164
195
209
192
275
418
393
496
627
649
Operating Profit
12
5
9
10
11
9
10
13
19
13
14
23
22
OPM %
10%
4.8%
6%
6%
6%
4.3%
4.8%
4.6%
4.3%
3.2%
2.8%
3.5%
3.3%
Other Income
0
1
0
2
1
1
2
1
0
2
2
2
4
Interest
1
1
2
1
1
2
1
1
2
2
3.08
3
3
Depreciation
1
1
1
1
1
1
1
1
1
1
2
2
2
PBT
10
4
7
10
10
7
10
12
16
12
11
20
22
Tax %
34%
31%
25%
19%
15%
−3%
−2%
1%
7%
6%
10%
12%
—
Net Profit
6
3
5
8
9
7
10
12
15
11
10
18
19
EPS (₹)
5.89
2.32
4.92
5.26
5.84
4.86
7.08
8.16
9.81
7.67
6.78
11.9
13.08
Div. Payout %
10%
25%
0%
10%
17%
21%
21%
24%
20%
26%
30%
17%
—

Balance Sheet

₹ Cr
AARVI balance sheet, annual, ₹ crore
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital
3
3
3
15
15
15
15
15
15
15
15
15
Reserves
26
27
32
48
55
62
70
80
93
102
111
127
Borrowings
9
9
15
4
8
10
4
6
3
10
27
27
Other Liabilities
14
12
17
16
28
32
31
48
47
44
61
68
Total Liabilities
53
52
67
83
106
118
120
149
158
171
213
237
Fixed Assets
9
7
7
7
12
11
10
10
10
10
18
17
CWIP
0
0
0
0
0
0
0
0
0
0
0
0
Investments
0
0
0
0
0
0
0
0
0
0
6
5
Other Assets
44
44
60
76
94
106
109
138
148
161
190
215
Total Assets
53
52
67
83
106
118
120
149
158
171
213
237

Cash Flow

₹ Cr
AARVI cash flow, annual, ₹ crore
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
4
0
1
−7
−4
4
17
−10
3
3
−2
8
Investing
0
0
0
1
−1
0
2
0
0
1
−13
0
Financing
−4
−2
4
8
1
−2
−7
−1
−4
2
11
−6
Net Cash Flow
0
−2
4
1
−4
1
12
−11
−1
6
−4
2
Free Cash Flow
4
0
0
−7
−9
3
17
−11
2
2
−12
7
CFO/EBITDA
74
108
49
−45
54
57
1
−30
47
−41
−4
88

Ratios

AARVI financial ratios, annual
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days
100
91
85
86
86
97
97
102
79
75
83
58
Cash Conversion Cycle
100
91
85
86
86
97
97
102
79
75
83
58
Working Capital Days
62
57
17
50
39
41
54
56
47
52
48
41
ROCE %
30%
12%
20%
18%
15%
11%
13%
14%
18%
12%
11%
15%

Insights

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

Log in to view Aarvi Encon insights

52 extracted metrics across FY15–FY27.

Shareholding Pattern

As of Sep 2026

  • Promoters 73.36%
  • Public 19.92%
  • Others 6.72%

No promoter shares pledged as of 14 Oct 2026

Change vs previous quarter

Documents

  • Q1 FY27 concall · Sep 2026
    PPT
  • Q1 FY27 concall · Aug 2026
    PPT
  • Q1 FY27 concall · Aug 2026
    PPT
  • Q4 FY26 concall · May 2026
    PPT
  • Concall · Feb 2026
    PPT

Frequently Asked Questions about Aarvi Encon

What does Aarvi Encon Ltd do?
Incorporated in 1987, Aarvi is India’s leading technical staffing company, which specializes in providing expert engineering staffing solutions.
Where is Aarvi Encon Ltd (AARVI) listed?
Aarvi Encon Ltd trades as AARVI on the NSE and under code 544850 on the BSE.
Which sector does Aarvi Encon Ltd belong to?
Aarvi Encon Ltd is classified under the Commercial Services sector, in the Diversified Services industry.
What is the PE ratio of Aarvi Encon Ltd?
Aarvi Encon Ltd trades at a PE ratio of 10.29 as of 4 Nov 2026, on earnings per share of ₹13.08, against a book value of ₹94.71 per share.
What is the 52-week high and low of Aarvi Encon Ltd?
Over the last 52 weeks Aarvi Encon Ltd has traded between ₹115.99 and ₹168.4 as of 4 Nov 2026.
Does Aarvi Encon Ltd pay dividends?
Aarvi Encon Ltd has a dividend yield of 1.49%.
What is the Return on Equity (ROE) of Aarvi Encon Ltd?
Aarvi Encon Ltd reported a return on equity of 13.50%. Its debt-to-equity ratio is 0.19.

Company Information

Incorporated in 1987, Aarvi is India’s leading technical staffing company, which specializes in providing expert engineering staffing solutions.

Website aarviencon.com
CEO Mr. Virendra Dalpatram Sanghavi
Employees 220
Listed 24 Jun 2020
Face Value ₹10

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