MarketFriction

Aarvi Encon Ltd

NSE AARVI · BSE 544850 · Diversified Commercial Services
₹137.12 +0.21%
NSE close2026-10-01
52 week range115.99 - 168.40
Market cap₹202 Cr.
P/E10.2
IPO 2017 · +154% since Price band 20% Delivery 64.2%

Price

Drag to pan, scroll or pinch to zoom. Ruler (or Shift + drag) measures a move.Dashed lines: 52 week high and low. Prices adjusted for splits and bonuses.

Financials

Consolidated, Rs crore
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Revenue from operations102.2999.88103.11113.33120.96131.64144.45151.30158.85167.45172.25172.68
Operating costs99.1197.66100.14110.02118.96128.00140.00146.37153.27162.09165.44168.19
EBITDA3.182.222.973.312.003.644.454.935.585.366.814.49
EBITDA margin %3.11%2.22%2.88%2.92%1.65%2.77%3.08%3.26%3.51%3.20%3.95%2.60%
Depreciation & amortisation0.300.350.340.290.310.470.500.390.440.460.480.52
Finance costs0.350.390.420.670.790.790.830.780.710.690.710.75
Non-operating income0.310.901.000.481.040.460.490.680.65-0.220.803.02
Pre-tax profit2.842.383.212.831.942.843.614.445.083.996.426.24
Effective tax rate %8.10%0.42%5.30%7.77%-8.76%16.20%18.28%4.95%5.71%-0.75%28.50%4.01%
Profit after tax2.612.383.042.612.112.372.954.224.804.014.585.99
Earnings per share (Rs)1.771.612.061.771.431.601.992.853.242.713.094.04
Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Revenue from operations110153173206218202289437406510650671
Operating costs105144164195209192275418393496627649
EBITDA591011910131913142322
EBITDA margin %4.8%6%6%6%4.3%4.8%4.6%4.3%3.2%2.8%3.5%3.3%
Depreciation & amortisation111111111222
Finance costs121121122433
Non-operating income102112102224
Pre-tax profit471010710121612112022
Effective tax rate %31%25%19%15%-3%-2%1%7%6%10%12%
Profit after tax3589710121511101819
Earnings per share (Rs)81.61172.905.265.844.867.088.169.817.676.7811.9013.08
Paid out as dividend %25%0%10%17%21%21%24%20%26%30%17%
10 Years5 Years3 YearsTTM1 YearLast Year
Revenue CAGR19%26%14%22%
Profit CAGR22%11%6%70%
Share price CAGR%18%3%13%
Average return on equity12%12%11%13%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Net block (property, plant)97771211101010101817
Capital work in progress000000000000
Investments000000000065
Current & other assets4444607694106109138148161190215
Total assets53526783106118120149158171213237
Share capital333151515151515151515
Reserves & surplus262732485562708093102111127
Total debt99154810463102727
Other liabilities & provisions141217162832314847446168
Equity + liabilities53526783106118120149158171213237
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating cash flow401-7-4417-1033-28
Investing cash flow-0-0-01-1-020-01-130
Free cash flow (after capex)4-00-7-9317-1122-127
Financing cash flow-4-2481-2-7-1-4211-6
Net change in cash0-241-4112-11-16-42
Cash conversion (OCF / EBITDA) %74%108%49%-45%54%57%1%-30%47%-41%-4%88%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Return on capital employed %30%12%20%18%15%11%13%14%18%12%11%15%
Receivable days10091858686979710279758358
Inventory days
Payable days
Cash cycle (days)10091858686979710279758358
Working capital days625717503941545647524841
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoter group %73.51%73.54%73.54%73.54%73.58%73.58%73.47%73.47%73.47%73.53%73.53%73.36%
Foreign investors %0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.01%0.00%0.00%
Retail & others %26.49%26.46%26.46%26.46%26.42%26.42%26.53%26.53%26.53%26.46%26.47%26.65%
Shareholder count9,32611,26210,66310,3829,6919,5529,4109,2369,6669,3719,0398,726

Fundamentals

Market value₹ 202 Cr.
Last price₹ 136
P/E (trailing)10.2
Book value / share₹ 95.9
Return on capital14.7 %
Return on equity13.5 %
Dividend yield1.47 %
Face value₹ 10.0
Revenue CAGR (TTM)22%
Profit CAGR (TTM)70%
Consolidated figures.
Valuation
Market capRs 203 Cr
Enterprise valueRs 217 Cr
P/E (TTM)10.48x
Price to book1.43x
Price to sales0.30x
EV / EBITDA8.21x
EV / EBIT8.84x
EV / sales0.32x
Price to cash flow25.23x
Earnings yield9.54%
Dividend yield1.46%
P/E, 3-year average13.58x
P/B, 3-year average1.33x
P/E, 5-year average13.09x
P/B, 5-year average1.44x
Profitability
Operating margin (excl. other income)3.55%
Operating margin (incl. other income)3.83%
EBITDA margin3.95%
Pre-tax margin3.24%
Net profit margin2.89%
Net margin, latest quarter3.47%
ROE13.18%
ROCE14.41%
ROA7.83%
ROE, 3-year average10.52%
ROCE, 3-year average12.34%
ROA, 3-year average6.65%
ROE, 5-year average11.86%
ROCE, 5-year average13.58%
ROA, 5-year average7.68%
ROIC (approx.)13.90%
Tax rate11.59%
Other income / net worth1.29%
Growth
Sales growth (latest year)27.32%
Profit growth (latest year)75.50%
Sales CAGR, 3 years14.18%
Sales CAGR, 5 years26.35%
Profit CAGR, 3 years6.69%
Profit CAGR, 5 years10.99%
Sales growth QoQ0.25%
Profit growth QoQ30.79%
Sales growth YoY (latest quarter)14.13%
Profit growth YoY (latest quarter)41.94%
Per share
EPS (TTM)Rs 13.09
EPS (latest year)Rs 11.90
EPS (latest quarter)Rs 4.04
EPS, 3-year averageRs 8.78
EPS, 5-year averageRs 8.87
Book value per shareRs 95.92
Sales per shareRs 453.21
Cash flow per shareRs 5.44
Dividend per share (latest year)Rs 2.00
Dividend per share, 3-year averageRs 2.00
Dividend per share, 5-year averageRs 2.00
Dividends
Dividend payout16.80%
Dividend payout, 3-year average24.13%
Dividend payout, 5-year average23.46%
Efficiency
Asset turnover2.74x
Fixed asset turnover38.54x
Debtor days57 days
Debtors turnover6.35x
Leverage
Total debtRs 27 Cr
Cash and bankRs 12 Cr
Net debtRs 14 Cr
Debt to equity0.19x
Net debt / EBITDA0.54x
Interest coverage8.60x
Owners' fund to total sources59.98%
Debt to assets11.27%
Cash flow
Operating cash flow (latest year)Rs 8 Cr
Investing cash flow (latest year)Rs 0 Cr
Financing cash flow (latest year)Rs -6 Cr
Net change in cash (latest year)Rs 2 Cr
Sales to cash flow80.73x
Statement figures
Net sales (TTM)Rs 671 Cr
Net sales (latest year)Rs 650 Cr
Sales (latest quarter)Rs 173 Cr
Operating profit excl. other income (latest year)Rs 23 Cr
Operating profit (latest quarter)Rs 4 Cr
Other income (TTM)Rs 4 Cr
EBITDA (TTM)Rs 26 Cr
PBDT (TTM)Rs 24 Cr
Profit before tax (TTM)Rs 22 Cr
Tax (latest year)Rs 2 Cr
Net profit (TTM)Rs 19 Cr
Net profit (latest year)Rs 18 Cr
Net profit (latest quarter)Rs 6 Cr
Depreciation (TTM)Rs 2 Cr
Depreciation (latest quarter)Rs 1 Cr
Interest (TTM)Rs 3 Cr
Cost of goods sold (latest year)Rs 30 Cr
Total expenditure (latest year)Rs 627 Cr
Total income (latest year)Rs 652 Cr
Share capitalRs 15 Cr
ReservesRs 127 Cr
Shareholders' fundsRs 142 Cr
Total assetsRs 237 Cr
Net blockRs 17 Cr
Capital work in progressRs 0 Cr
InvestmentsRs 5 Cr
ReceivablesRs 102 Cr
Other liabilitiesRs 68 Cr
Shares outstanding (crore)1.48
Computed by MarketFriction from the consolidated statements. Returns use average balances.
P/E 10.5 is at the 35th percentile of its own 9.1-year range (median 12.8, low 3.6, high 31.4).
P/B 1.43 is at the 44th percentile (median 1.51).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
PeriodAARVINifty 50Difference
1 week+0.9%-2.8% +3.7 pts
1 month-7.9%-6.8% -1.1 pts
3 months-4.9%-7.6% +2.8 pts
6 months+13.6%+0.4% +13.2 pts
1 year+10.4%-9.9% +20.4 pts
2 years-3.7%-13.6% +9.9 pts
3 years+9.8%+14.2% -4.4 pts
5 years+127.4%+27.9% +99.5 pts

Red flags

F-score 7 of 8
explainWeak cash conversion Cash from operations was 23% of net profit over the last 3 years
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.

Latest quarter

Jun 2026
Sales ₹173 Cr +14.1% vs Jun 2025. Net profit ₹6 Cr +41.9%.
Against our estimate for Jun 2026: sales -7.4%, profit +17.9% beat. Our estimate for Sep 2026: sales Rs 185 Cr, profit Rs 5 Cr (how).

Activity

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No bulk or block deals on record.
Ex-dateActionFactor
2026-08-07Dividend - Rs 2 Per Share
2025-08-01Dividend - Rs 2 Per Share
2024-07-26Dividend - Rs 2 Per Share
2023-09-15Dividend - Rs 2 Per Share
2022-07-21Dividend - Rs 1.5 Per Share
2021-11-22 Interim Dividend - Rs 0.50 Per Share
2021-07-15 Dividend - Rs 1.50 Per Share
2020-09-10 Dividend - Re 1 Per Share
DateTypeWhat it says
2026-09-18Investor PresentationInvestor Presentation
2026-09-15Concall / analyst meetThe Key Managerial Person of the Company will be participating in a Video Conferencing meeting with Group of Investors on September 23, 2026 to disc...
2026-09-01Order winBagging/Receiving of orders/contracts
2026-08-20ResignationResignation of Director/KMP/SMP
2026-08-20DemiseDemise of Mr. Reyaz Khan, General Manager Kolkata Branch, who was part of the Senior Management Personnel of the Company on August 20, 2026.
2026-08-20Order winBagging/Receiving of orders/contracts
2026-08-17Shareholder meetingVoting results.
2026-08-17UpdatesTranscript of 38th Annual General Meeting .
2026-08-14Shareholder meetingProceedings of Annual General Meeting held on August 14, 2026
2026-08-14General UpdatesFinancial Results as on June 30, 2026 in a Machine Readable Form.
2026-08-14Investor PresentationInvestor Presentation
2026-08-12Board meeting outcomeAarvi Encon Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2026.
2026-08-05UpdatesReceipt of Listing and Trading Approval from BSE Limited
2026-07-22Shareholder meetingNotice of 38TH Annual General Meeting to be held on August 14, 2026
2026-07-14Record DateRecord date for the purpose of Dividend is 07-Aug-2026.
2026-07-13General UpdatesIntimation of date of 38th Annual General Meeting ( AGM ) and Record date for payment of Dividend
2026-06-18Order winBagging/Receiving of orders/contracts
2026-06-09Concall / analyst meetSchedule of meet
2026-05-27Press ReleaseA press release dated May 23, 2026, titled "Aarvi Encon Limited has been honored with the prestigious award at the "Change Makers Summit 2026 an ini...
2026-05-27Investor PresentationInvestor Presentation
2026-05-22DividendBoard of Directors at its meeting held on May 22, 2026, recommended Final Dividend of Rs. 2 per equity share subject to the shareholders approval at t...
2026-05-22Board meeting outcomeAarvi Encon Limited has submitted to the Exchange, the financial results for the period ended March 31, 2026.
2026-05-05Order winBagging/Receiving of orders/contracts
2026-04-18ESOPAllotment of 31900 Shares.
2026-04-14Order winBagging/Receiving of orders/contracts
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Less than 100 unique PAN traded in previous 30 days

Quick answers

What is the market cap of Aarvi Encon Ltd?

Aarvi Encon Ltd (AARVI) has a market capitalisation of Rs 202 Cr. at the 2026-10-01 close.

What is the P/E ratio of Aarvi Encon Ltd?

Aarvi Encon Ltd trades at a P/E of 10.2 on trailing twelve-month profit, at the 2026-10-01 close.

What were Aarvi Encon Ltd's latest quarterly results?

In the Jun 2026 quarter, Aarvi Encon Ltd sales was Rs 173 Cr (+14.1% vs Jun 2025) and net profit was Rs 6 Cr.

What is the 52-week high and low of Aarvi Encon Ltd?

The 52-week high is Rs 168.40 and the 52-week low is Rs 115.99.

Data: NSE and BSE daily reports, company filings. Numbers only, not investment advice, not a SEBI-registered research service.AboutMethodologyFAQResearchContactTermsPrivacyDisclaimerUpdated 2026-10-03