Aarvi Encon Ltd.
AARVINSEOtherProfessional ServicesSmall Cap
₹141.9
▲ 1.4%
loading…
43
Composite
It is an ISO 9001:2008 and OHSAS certified Company, providing engineering and manpower outsourcing services in India and internationally. The company offers IT staffing, manpower outsourcing/technical staffing/manpower deputation, project management, construction supervision, procurement assistance/expediting, inspection, pre-commissioning and commissioning, operation and maintenance and shutdown services. It serves oil and gas, power, LNG, PNG, refinery, petrochemical, pipeline, wind power, solar power, offshore, exploration and production, infrastructure, ports and terminal, telecom, fertilizer, cement, automobile, metro and mono rail, railway, metal and mineral, information technology industries. Its client list included Reliance Industries, Cairn India, HPCL Mittal, Bechtel etc.
Q-DITS fundamental score
43Composite
Growth
22
Profitability
24
Valuation
71
Quality
40
Solvency
95
Earnings
47
Key metrics
MCap
₹211 Cr
TTM PE
12x
Industry PE
99.1x
TTM EPS
₹11.87
Book Value
₹95.73
Face Value
₹10
Div Yield
1.41%
PEG
2.22x
PB
1.2x
ROE
8.3%
ROCE
10.9%
EBITDA mgn
3.3%
D/E
0.22
Int. Cover
3.9x
Curr. Ratio
2.03x
EPS
₹6.78
Growth — CAGR across horizons
| Metric | 1Y | 3Y | 5Y | 10Y |
|---|---|---|---|---|
| Net Sales | 27.3% | 14.2% | 26.4% | — |
| EBITDA | 69.4% | 7.6% | 18.9% | — |
| Net Profit | 78.4% | 5.4% | 11.4% | — |
Score snapshot
Piotroski
3/9
Altman Z
3.33
Quality
40
Growth
21.7
Valuation
71
Earn. Qual
46.8
PEAD
+2
SURGE
+1
Loading price data…
Loading delivery data…
Revenue, profitability & returns
Revenue & Net Profit (₹ Cr)
RevenueNet Profit
Margins (%)
EBITDA%PAT%
Return ratios (%)
ROEROCEROA
Annual financials — last 10 years
Tap a row to expand the full chart
| Metric | Trend | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ›RevenueCr | 110 | 153 | 173 | 206 | 218 | 202 | 289 | 437 | 406 | 510 | |
| ›EBITDACr | 6 | 10 | 11 | 13 | 10 | 12 | 14 | 19 | 15 | 17 | |
| ›EBITDA margin | 5.6% | 6.4% | 6.6% | 6.1% | 4.6% | 6% | 5% | 4.6% | 3.8% | 3.3% | |
| ›Net profitCr | 3 | 5 | 8 | 9 | 7 | 10 | 12 | 15 | 11 | 10 | |
| ›PAT margin | 2.3% | 3.5% | 4.5% | 4.2% | 3.3% | 5.2% | 4.2% | 3.3% | 2.8% | 2% | |
| ›EPS₹ | ₹0 | ₹0 | ₹5.26 | ₹5.84 | ₹4.86 | ₹7.08 | ₹8.16 | ₹9.82 | ₹7.67 | ₹6.78 | |
| ›Revenue growth | -4.3% | 39.1% | 13.2% | 18.8% | 5.8% | -7.5% | 43% | 51.3% | -7% | 25.7% | |
| ›PAT growth | -60.6% | 112% | 45.2% | 11% | -16.9% | 45.7% | 15.4% | 20.3% | -21.8% | -11.5% | |
| ›ROE | 8.4% | 16.2% | 15.8% | 13% | 9.8% | 13% | 13.4% | 14.3% | 10.1% | 8.3% | |
| ›ROCE | 12.8% | 19.8% | 18.3% | 16.1% | 10.8% | 12.7% | 14.1% | 16.7% | 11.7% | 10.9% | |
| ›ROA | 4.8% | 7.9% | 8.3% | 8.3% | 6.4% | 8.8% | 9% | 9.5% | 6.9% | 5.2% | |
| ›P/E | 0x | 0x | 14x | 7x | 4.4x | 7.3x | 14.2x | 10.5x | 15.5x | 15.1x | |
| ›P/B | 0x | 0x | 1.7x | 0.9x | 0.4x | 0.9x | 1.8x | 1.4x | 1.5x | 1.2x | |
| ›D/E | 0.3 | 0.4 | 0.1 | 0.1 | 0.1 | 0 | 0.1 | 0 | 0.1 | 0.2 | |
| ›Current ratio | 1.5x | 1.4x | 2.6x | 1.8x | 1.8x | 2.5x | 2x | 2.3x | 2.6x | 2x | |
| ›Interest cover | 3.6x | 5x | 9.3x | 8x | 4.8x | 14.7x | 10.8x | 8.4x | 7.5x | 3.9x |
Quarterly results
Tap a row to expand the full chart
| Metric | Trend | 2023-12 | 2024-03 | 2024-06 | 2024-09 | 2024-12 | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ›RevenueCr | 100 | 103 | 113 | 121 | 132 | 144 | 151 | 159 | 167 | 172 | |
| ›Rev growth YoY | -10% | -3% | 12.4% | 18.3% | 31.8% | 40.1% | 33.5% | 31.3% | 27.2% | 19.2% | |
| ›EBITDACr | 2 | 3 | 3 | 2 | 4 | 4 | 5 | 6 | 5 | 7 | |
| ›EBITDA margin | 2.2% | 2.9% | 2.9% | 1.7% | 2.8% | 3.1% | 3.3% | 3.5% | 3.2% | 4% | |
| ›Net profitCr | 2 | 3 | 3 | 2 | 2 | 3 | 4 | 5 | 4 | 5 | |
| ›PAT growth YoY | -10.3% | -12% | -21.3% | -19.2% | -0.2% | -2.7% | 61.7% | 127.6% | 69.2% | 55.2% | |
| ›EPS₹ | ₹1.61 | ₹2.05 | ₹1.76 | ₹1.43 | ₹1.6 | ₹1.99 | ₹2.85 | ₹3.24 | ₹2.71 | ₹3.1 |
Balance sheet — last 10 years (₹ Cr)
Tap a row to expand the full chart
| Metric | Trend | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ›Shareholders' equityCr | 36 | 63 | 70 | 76 | 85 | 95 | 108 | 117 | 125 | 142 | |
| ›ReservesCr | 32 | 48 | 55 | 62 | 70 | 80 | 93 | 102 | 110 | 127 | |
| ›Total borrowingsCr | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| ›InvestmentsCr | 31 | 44 | 35 | 36 | 26 | 35 | 35 | 27 | 38 | 0 | |
| ›Total assetsCr | 52 | 83 | 74 | 78 | 86 | 96 | 109 | 118 | 133 | 237 | |
| ›Current assetsCr | 45 | 52 | 59 | 71 | 84 | 104 | 113 | 135 | 163 | 175 | |
| ›Current liabilitiesCr | 31 | 20 | 32 | 40 | 33 | 52 | 50 | 53 | 80 | 86 | |
| ›Trade payablesCr | 13 | 9 | 4 | 9 | 5 | 10 | 10 | 8 | 13 | 8 | |
| ›Gross blockCr | 17 | 16 | 23 | 18 | 18 | 17 | 18 | 19 | 28 | 16 |
Cash flow statement (₹ Cr)
Tap a row to expand the full chart
| Metric | Trend | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ›Operating CF (CFO)Cr | 1 | -7 | -4 | 4 | 17 | -10 | 7 | 3 | -2 | 8 | |
| ›Investing CF (CFI)Cr | -0 | 1 | -1 | -0 | 2 | 0 | -0 | 1 | -13 | 0 | |
| ›Financing CF (CFF)Cr | 4 | 8 | 1 | -2 | -7 | -1 | -7 | 2 | 11 | -6 | |
| ›Net cash changeCr | 4 | 1 | -4 | 1 | 12 | -11 | -1 | 6 | -4 | 2 | |
| ›Closing cashCr | 6 | 8 | 4 | 5 | 16 | 5 | 4 | 11 | 7 | 9 |
Cash flow components
CFO · CFI · CFF (₹ Cr)
CFOCFICFF
Q-DITS scorecard
Composite score
43
Quality (25%)40
Growth (25%)21.7
Valuation (20%)71
Piotroski (15%)33
Earnings Quality (10%)46.8
Momentum (5%)—
Weighted blend, rescaled to the components available for this stock.
Piotroski F-Score
3/9
✓ROA positiveROA 5.23%
✓CFO positiveCFO ₹8.05 Cr
✗ROA improving6.89% → 5.23%
✗CFO > PAT (low accruals)CFO 8.05 vs PAT 10.04
✗Leverage decreasedD/E 0.08 → 0.22
✗Liquidity improvedCR 2.56 → 2.03
✗No share dilutionEPS 7.67 → 6.78
✗Margin improvedEBITDA mgn 3.75% → 3.27%
✓Asset turnover upAsset TO 2.47 → 2.66
Altman Z-Scoresafe
3.33
X1
0.377
X2
0.537
X3
0.064
X4
0.6
X5
2.154
>2.9 safe · 1.23–2.9 grey · <1.23 distress
Quality
40/100
ROE
8.3%
ROCE
10.9%
Margin
2%
Debt
0.2
Int. cover
3.9x
Growth
21.7/100
Revenue 3Y
14.2%
Profit 3Y
5.4%
EPS
-11.6%
Valuation
71/100
PE
15.1x
PB
1.2x
EV/EBITDA
10.1x
vs universe median: PE 25.6x · PB 2.81x · EV 13.41x
Earnings quality
46.8/100
CFO₹8 Cr
PAT₹10 Cr
Accrual ratio0.008
CFO/PAT0.8x
PEAD · SURGE
+2 / +1
Revenue SUE-0.06
EPS SUE1.58
Latest quarter2026-03
Rev growth YoY19.2%
Documents & filings
Loading documents…
Peer comparison
| Company | MCap (Cr) | Revenue | PAT | PE | PB | ROE% | ROCE% | D/E |
|---|---|---|---|---|---|---|---|---|
| Urban Company Ltd. | 20,056 | 1,556 | -204 | — | 11.6x | -15.3 | -8.2 | 0 |
| SIS Ltd. | 6,065 | 15,982 | 106 | 44x | 2.4x | 5.6 | 7.4 | 0.57 |
| TeamLease Services Ltd. | 2,458 | 11,861 | 140 | 17.6x | 2.4x | 13 | 14.5 | 0.05 |
| BLS E-Services Ltd. | 2,051 | 1,118 | 69 | 35.7x | 3.9x | 12.9 | 17.5 | 0 |
| Bluspring Enterprises Ltd. | 1,619 | 3,382 | -23 | — | 2.4x | -35.7 | -17 | 0.16 |
| Updater Services Ltd. | 1,211 | 2,940 | 83 | 14.1x | 1.2x | 13.3 | 16.3 | 0.05 |
| Gretex Corporate Services Ltd. | 1,060 | 179 | 28 | 56.2x | 4.3x | 1.2 | 3.7 | 0.03 |