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Aarvi Encon (AARVI) had a P/E of 10.5× on 6 Nov 2026, below the industry P/E of 13.7×, and the shares are 19% below their 52-week high. Sales and net profit grew 14% and 6.7% a year over 3 years, with ROCE of 15% and ROE of 13%, though net profit is above operating profit, which points to a one-off gain. Debt is 0.19× equity, and its dividend yield is 1.5%. It is a small-cap company with a market cap of ₹203 Cr, ranked 6th of 9 Staffing & Employment Services companies by market cap; the shares rose 13% over the past year.

As of 6 Nov 2026Prices are delayed about 15 minutes; fundamentals are from the quarter ended Jun 2026.How we calculate this

past year
Open
₹132.21
Day high
₹139.78
Day low
₹131.05
Prev. close
₹134.48
Volume
5.3K

Health check

1 good · 3 fair · 1 to check
  • ReturnsIn line

    +12.7% over a year, better than 4 of 7 peers.

  • Price tagDistorted

    A one-off gain inflates profit, so P/E isn’t comparable right now.

  • GrowthSteady

    Sales +14.4%, profit +6.7% a year over 3 years.

  • ProfitabilityAverage

    ROCE 15.1% vs peer median 17.5%.

  • Balance sheetSolid

    Debt 0.19× equity, interest covered 7.9×, Piotroski 7 of 9.

  • Red flags1 to check

    Net profit is above operating profit, so a one-off gain is likely flattering earnings.

Compared with 7 industry peers. Computed from reported figures. Educational, not a recommendation.

Staffing & Employment Services

8 listed peers. Screen the industry

Small cap

₹203 Cr, #6 of 9 in its industry by size.

Market sensitivity

Measuring against the NIFTY 50…

Key metrics

Last 12 months to Jun 2026: sales ₹671 Cr · profit ₹19 Cr
Market cap
₹203 Cr
Small cap
P/E
10.5
Industry 13.7
Price to book
1.43
Peers 3.06
Dividend yield
1.46%
ROE
13.2%
Peers 19.6%
ROCE
15.1%
Peers 17.5%
Debt to equity
0.19
Debt ₹27 Cr
EPS (TTM)
₹12.99
Face value ₹10
OPM (TTM)
−4.5%
Net margin 2.9%
Sales growth
+14.1%
Latest quarter vs a year ago
Profit growth
+42.0%
Latest quarter vs a year ago
Price to sales
0.30
EV/EBITDA 9.7

Strengths and risks

Strengths

  • Quarterly profit up 42.0% on a year ago.

Risks to check

  • Net profit is above operating profit, so a one-off gain is likely flattering earnings.

Derived automatically from reported figures. Not a recommendation.

About Aarvi Encon

Aarvi Encon Limited offers manpower supply and consultancy services in India and internationally. It provides procurement assistance and expediting; pre commissioning and commissioning services; manpower outsourcing, and deputation and technical staffing; operation and maintenance; project and engineering design; project management; CAD/drafting/3D modelling; shutdown; construction supervision; engineering services; and IT staffing and inspection…

Headquarters
Mumbai
Employees
277
Sector
Industrials
ISIN
INE754X01016
Website
aarviencon.com

Price range

52 weeks

₹115.99₹168.40

Today

₹131.05₹139.78
Avg volume (3M)
14.6K
1-year return
plus 12.7%
From 52-week high
minus 18.7%

Peers · Staffing & Employment Services

Capital-heavy industry columns

Compare with peersScreen the whole industry
Company
QUESSQuess Corp320.10minus 2.60%4,72517.414.117.5%1.7%0.11−3.7%plus 43.0%
TEAMLEASETeamlease Services1,009.30minus 7.39%1,54211.44.311.1%0.6%0.1114.2%minus 35.4%
MAXGROWMaxgrow India172.35minus 1.99%6881.31.521.7%2.2%0.00–plus 598.9%
INNOVISIONInnovision267.69minus 0.63%63715.99.019.5%−4.0%0.4356.5%minus 28.5%
ITCONSItcons E-Solutions228.95minus 1.42%20628.439.311.0%4.9%0.0645.8%minus 60.1%
AARVIAarvi Encon136.87plus 1.78%20310.59.315.1%−4.5%0.1914.4%plus 12.7%
HILIKSHiliks Technologies75.51plus 0.68%9947.539.94.8%6.6%–98.8%plus 21.0%
PANHRPAN HR Solution48.200.00%353.6–21.8%3.3%–−2.9%minus 38.2%
Median of 7 peers–−1.42%63715.911.617.5%2.2%0.1130.0%−28.5%

Quarterly results

Consolidated, ₹ crore
SalesSelect a row below to chart it
₹ CrJun 25Sep 25Dec 25Mar 26Jun 26
151159167122173
146153162165168
4.95.65.4−43.24.5
3.3%3.5%3.2%−35.3%2.6%
0.70.70.551.13
0.80.70.70.70.7
0.40.40.50.50.5
––−0.7−0.3–
4.45.146.46.2
5.1%5.6%−0.7%28.5%4.0%
4.24.844.66
2.823.222.693.074.01

Profit & loss

Yearly, ₹ crore
Sales CAGR 3Y
+14.4%
Profit CAGR 3Y
+6.7%
EPS CAGR 3Y
+6.4%
ROE
13.2%
Net profitSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
430400504644
–minus 7.0%+26.1%+27.7%
411387490621
18.612.914.523.1
4.3%3.2%2.9%3.6%
0.91.91.31.9
1.81.53.12.9
1.21.31.61.8
−0.8–0.1−0.4
15.712.111.219.9
7.4%6.3%10.5%11.6%
14.511.31017.6
–minus 21.8%minus 11.5%+75.4%
9.797.656.7311.79

Forecast

Your assumptions, not a prediction

Balance sheet

At each financial year end, ₹ crore
Total assetsSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
14.814.814.814.8
93.3102111127
3.49.826.826.7
4744.660.968.2
158171213237
9.6917.216.4
7.78.212.510.9
5.311.312.316.4
136142171193
158171213237

Cash flow

Yearly, ₹ crore
Cash from operationsSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
6.73.1−2.48
−0.41.1−12.60.4
−7211.1−5.9
−0.76.3−42.5
−1.2−0.8−9.9−1.2
5.52.3−12.36.8
−2.2−3−3−3

Shareholding pattern

Source: NSE filings

NSE hasn’t returned a shareholding pattern for this company.

Major shareholders

NSE filing

Filings & events

News

No recent news coverage found.

My notes

Private to you