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Last Updated: April 2, 2026, 2:32 am
Author: Getaka|Social: XLinkedIn
Stock Ticker - BSE: | NSE:

Aarvi Encon Limited: Intrinsic Value & Share Price Analysis

Fair Value

₹68.40Overvalued by 46.56%vs CMP ₹128.00

P/E (11.4) × ROE (8.3%) × BV (₹89.40) × DY (1.57%)

₹99.64Overvalued by 22.16%vs CMP ₹128.00
MoS: -28.5% (Negative)Confidence: 48/100 (Moderate)Models: 2 Under, 2 Fair, 5 Over
ModelCategoryValueWeightSignal
PE-ROEEarnings₹72.3322%Over (-43.5%)
Graham NumberEarnings₹147.3216%Under (+15.1%)
Earnings PowerEarnings₹43.2313%Over (-66.2%)
DCFCash Flow₹129.7813%Fair (+1.4%)
Net Asset ValueAssets₹90.077%Over (-29.6%)
EV/EBITDAEnterprise₹65.029%Over (-49.2%)
Earnings YieldEarnings₹107.907%Over (-15.7%)
ROCE CapitalReturns₹116.777%Fair (-8.8%)
Revenue MultipleRevenue₹172.705%Under (+34.9%)
Consensus (9 models)₹99.64100%Overvalued

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: 5.7%

*Investments are subject to market risks

Investment Snapshot

68
Aarvi Encon Limited scores 68/100 (Average)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health70/100 · Strong
ROCE 10.8% AverageROE 8.3% AverageD/E 0.04 Low debtInterest Coverage 0.0x RiskyProfitable 5/5 years Consistent
Smart Money60/100 · Moderate
FII holding up 0.01% (6mo) Slight increasePromoter holding at 73.5% Stable
Earnings Quality60/100 · Moderate
OPM stable around 3% SteadyWorking capital: 48 days (improving) Efficient
Quarterly Momentum90/100 · Strong
Revenue (4Q): +34% YoY AcceleratingProfit (4Q): +41% YoY Strong
Industry Rank55/100 · Moderate
P/E 11.4 vs industry 29.6 Cheaper than peersROCE 10.8% vs industry 21.4% Below peersROE 8.3% vs industry 19.8% Below peers3Y sales CAGR: 21% High growth

Weights: Health 30% · Earnings Quality 25% · Momentum 20% · Industry Rank 15% · Smart Money 10%. Scores are computed from reported financials and recalculated daily. Not investment advice.

Aarvi Encon Limited Investor Signals

Computed from valuation, cash flow, balance sheet, ownership and quarterly trend data already available in this stock page.

Value Trap Score
60/100
Moderate
Derived from: Cheapness + weak quality + weak cash support
Current data: P/E 11.4 vs Ind 29.6 | ROCE 10.8% | ROE 8.3% | CFO/NP N/A
Balance Sheet Stress
20/100
Comfortable
Derived from: Leverage + debt servicing + liquidity + debt trend
Current data: D/E 0.04x | IntCov 0.0x | Current 2.60x | Borrow/Reserve 0.27x
Cash Flow Reliability
29/100
Weak
Derived from: Cash backing of earnings + working capital pressure
Current data: CFO ₹0 Cr | NP ₹10 Cr | CFO/NP N/A
Ownership Accumulation
+50
Accumulation
Derived from: FII + DII + promoter direction, adjusted by crowding
Current data: FII +0.01 pp | DII N/A | Prom +0.06 pp
Business Momentum
+22
Stable
Derived from: Latest quarter sales + profit + OPM change
Current data: Q Sales +5.0% | Q NP +13.7% | Q OPM +0.3 pp
Derived FieldValueHow it is derived
Valuation Gap %-22.2%((Fair Value - CMP) / CMP) × 100
Borrowings / Reserves0.27xLatest borrowings divided by latest reserves
CFO / Net ProfitN/ALatest operating cash flow divided by latest net profit
FII Change+0.01 ppLatest FII% minus previous FII%
DII ChangeN/ALatest DII% minus previous DII%
Promoter Change+0.06 ppLatest promoter% minus previous promoter%
Shareholder Count Change-295Latest shareholder count minus previous count
Quarterly Sales Change+5.0%Latest quarter sales vs previous quarter sales
Quarterly Profit Change+13.7%Latest quarter net profit vs previous quarter net profit
Quarterly OPM Change+0.3 ppLatest quarter OPM minus previous quarter OPM

Share Price and Basic Stock Data

Last Updated: April 2, 2026, 2:32 am

Market Cap 189 Cr.
Current Price 128
Intrinsic Value₹99.64
High / Low 152/88.0
Stock P/E11.4
Book Value 89.4
Dividend Yield1.57 %
ROCE10.8 %
ROE8.26 %
Face Value 10.0
PEG Ratio1.98

Stock P/E, Current Price, and Intrinsic Value Over Time

View Share Price Target for Aarvi Encon Limited

Competitors

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
Aarvi Encon Limited 189 Cr. 128 152/88.011.4 89.41.57 %10.8 %8.26 % 10.0
EKI Energy Services Ltd 195 Cr. 70.5 140/60.063.8 1542.84 %3.93 %3.46 % 10.0
Affordable Robotic & Automation Ltd 158 Cr. 141 540/12035.3 90.80.00 %2.63 %10.9 % 10.0
Crown Lifters Ltd 135 Cr. 117 222/10113.7 63.40.00 %18.9 %20.0 % 10.0
KHFM Hospitality & Facility Mgt. Services Ltd 128 Cr. 55.3 97.0/51.034.9 28.00.00 %10.4 %6.15 % 10.0
Industry Average9,395.86 Cr456.1029.58147.900.87%21.42%19.77%8.65

All Competitor Stocks of Aarvi Encon Limited

Quarterly Result

MetricSep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025
Sales 112.65110.94106.30100.87102.2999.88103.11113.33120.96131.64144.45151.30158.85
Expenses 107.24107.35101.6796.7399.1197.66100.14110.02118.96128.00140.00146.37153.27
Operating Profit 5.413.594.634.143.182.222.973.312.003.644.454.935.58
OPM % 4.80%3.24%4.36%4.10%3.11%2.22%2.88%2.92%1.65%2.77%3.08%3.26%3.51%
Other Income -0.500.340.270.120.310.901.000.481.040.460.490.680.65
Interest 0.440.540.460.310.350.390.420.670.790.790.830.780.71
Depreciation 0.290.330.350.280.300.350.340.290.310.470.500.390.44
Profit before tax 4.183.064.093.672.842.383.212.831.942.843.614.445.08
Tax % 2.15%13.07%15.65%9.54%8.10%0.42%5.30%7.77%-8.76%16.20%18.28%4.95%5.71%
Net Profit 4.092.653.453.322.612.383.042.612.112.372.954.224.80
EPS in Rs 2.771.792.332.251.771.612.061.771.431.601.992.853.24

Last Updated: January 13, 2026, 7:16 am

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: February 18, 2026, 1:47 pm

MetricMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales 99115110153173206218202289437406510622
Expenses 89103105144164195209192275418393496602
Operating Profit 10125910119101319131420
OPM % 10%10%5%6%6%6%4%5%5%4%3%3%3%
Other Income 1010211210222
Interest 1112112112243
Depreciation 1111111111122
Profit before tax 8104710107101216121117
Tax % 43%34%31%25%19%15%-3%-2%1%7%6%10%
Net Profit 5635897101215111016
EPS in Rs 152.58207.1081.61172.905.265.844.867.088.169.817.676.7810.79
Dividend Payout % 13%10%25%0%10%17%21%21%24%20%26%30%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-20242024-2025
YoY Net Profit Growth (%)20.00%-50.00%66.67%60.00%12.50%-22.22%42.86%20.00%25.00%-26.67%-9.09%
Change in YoY Net Profit Growth (%)0.00%-70.00%116.67%-6.67%-47.50%-34.72%65.08%-22.86%5.00%-51.67%17.58%

Aarvi Encon Limited has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2014-2015 to 2024-2025.

Growth

Compounded Sales Growth
10 Years:16%
5 Years:19%
3 Years:21%
TTM:31%
Compounded Profit Growth
10 Years:5%
5 Years:7%
3 Years:-7%
TTM:9%
Stock Price CAGR
10 Years:%
5 Years:24%
3 Years:4%
1 Year:-13%
Return on Equity
10 Years:12%
5 Years:12%
3 Years:11%
Last Year:8%

Last Updated: September 4, 2025, 10:00 pm

Balance Sheet

Last Updated: December 4, 2025, 12:53 am

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital 3333151515151515151515
Reserves 21262732485562708093102111118
Borrowings 1199154810463102732
Other Liabilities 14141217162832314847446157
Total Liabilities 4953526783106118120149158171213222
Fixed Assets 997771211101010101817
CWIP 0000000000000
Investments 00000000000610
Other Assets 394444607694106109138148161190195
Total Assets 4953526783106118120149158171213222

Reserves and Borrowings Chart

Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity + 4401-7-4417-1073-2
Cash from Investing Activity + -0-0-0-01-1-020-01-13
Cash from Financing Activity + -3-4-2481-2-7-1-7211
Net Cash Flow 10-241-4112-11-16-4
Free Cash Flow 44-00-7-9317-1162-12
CFO/OP 58%74%108%49%-45%54%57%1%-30%65%-41%-4%

Free Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow-1.003.00-4.00-6.006.003.00-1.006.007.0016.003.00-13.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days 110100918586869797102797583
Inventory Days
Days Payable
Cash Conversion Cycle 110100918586869797102797583
Working Capital Days 626257175039415456475248
ROCE %29%30%12%20%18%15%11%13%14%18%12%11%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Promoters 73.47%73.47%73.51%73.54%73.54%73.54%73.58%73.58%73.47%73.47%73.47%73.53%
FIIs 0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.01%
Public 26.53%26.53%26.49%26.46%26.46%26.46%26.42%26.42%26.53%26.53%26.53%26.46%
No. of Shareholders 8,1328,6869,32611,26210,66310,3829,6919,5529,4109,2369,6669,371

Shareholding Pattern Chart

No. of Shareholders

Aarvi Encon Limited: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

This stock is not held by any mutual fund.

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 25Mar 24Mar 23Mar 22Mar 21
FaceValue 10.0010.0010.0010.0010.00
Basic EPS (Rs.) 6.797.679.828.167.08
Diluted EPS (Rs.) 6.737.659.828.167.08
Cash EPS (Rs.) 7.848.5310.658.857.73
Book Value[Excl.RevalReserv]/Share (Rs.) 84.6278.9473.0964.0557.54
Book Value[Incl.RevalReserv]/Share (Rs.) 84.6278.9473.0964.0557.54
Revenue From Operations / Share (Rs.) 344.61274.72295.27195.18136.49
PBDIT / Share (Rs.) 10.7110.0413.219.408.01
PBIT / Share (Rs.) 9.659.1812.388.717.36
PBT / Share (Rs.) 7.588.1910.608.226.97
Net Profit / Share (Rs.) 6.787.679.818.167.08
NP After MI And SOA / Share (Rs.) 6.787.679.818.167.08
PBDIT Margin (%) 3.103.654.474.815.87
PBIT Margin (%) 2.803.344.194.465.38
PBT Margin (%) 2.192.983.594.215.10
Net Profit Margin (%) 1.962.793.324.185.18
NP After MI And SOA Margin (%) 1.962.793.324.185.18
Return on Networth / Equity (%) 8.019.7213.4212.7412.29
Return on Capital Employeed (%) 10.7511.4516.8013.3312.54
Return On Assets (%) 4.716.639.158.108.70
Long Term Debt / Equity (X) 0.020.000.000.000.00
Total Debt / Equity (X) 0.210.080.030.060.04
Asset Turnover Ratio (%) 2.662.472.842.181.69
Current Ratio (X) 2.032.562.291.992.60
Quick Ratio (X) 2.032.562.291.992.60
Dividend Payout Ratio (NP) (%) 29.4326.0615.2824.5014.13
Dividend Payout Ratio (CP) (%) 25.4423.4414.0822.5812.92
Earning Retention Ratio (%) 70.5773.9484.7275.5085.87
Cash Earning Retention Ratio (%) 74.5676.5685.9277.4287.08
Interest Coverage Ratio (X) 5.1610.1111.1019.0120.91
Interest Coverage Ratio (Post Tax) (X) 4.278.739.7417.5019.46
Enterprise Value (Cr.) 168.56162.64149.45170.5256.35
EV / Net Operating Revenue (X) 0.330.400.340.590.27
EV / EBITDA (X) 10.6210.967.6512.264.76
MarketCap / Net Operating Revenue (X) 0.290.430.340.590.37
Retention Ratios (%) 70.5673.9384.7175.4985.86
Price / BV (X) 1.211.511.411.810.89
Price / Net Operating Revenue (X) 0.290.430.340.590.37
EarningsYield 0.060.060.090.070.13

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

About the Company - Qualitative Analysis

Aarvi Encon Ltd. is a Public Limited Listed company incorporated on 03/12/1987 and has its registered office in the State of Maharashtra, India. Company's Corporate Identification Number(CIN) is L29290MH1987PLC045499 and registration number is 045499. Currently Company is involved in the business activities of Activities of employment placement agencies. Company's Total Operating Revenue is Rs. 464.08 Cr. and Equity Capital is Rs. 14.81 Cr. for the Year ended 31/03/2025.
INDUSTRYADDRESSCONTACT
Services - OthersB1- 603, Marathon Innova, Mumbai Maharashtra 400013Contact not found
Management
NamePosition Held
Mr. Virendra D SanghaviManaging Director
Mr. Jaydev V SanghaviExecutive Director & CFO
Mr. Devendra J ShrimankerIndependent Director
Mrs. Sonal N DoshiIndependent Director
Dr.(Mrs.) Padma V DevarajanIndependent Director
Mr. Ramachandran RamamoorthyIndependent Director

FAQ

What is the intrinsic value of Aarvi Encon Limited and is it undervalued?

As of 05 April 2026, Aarvi Encon Limited's intrinsic value is ₹99.64, which is 22.16% lower than the current market price of ₹128.00, suggesting the stock is overvalued. This is calculated using the PE ratio method factoring in ROE (8.26 %), book value (₹89.4), dividend yield (1.57 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of Aarvi Encon Limited?

Aarvi Encon Limited is trading at ₹128.00 as of 05 April 2026, with a FY2026-2027 high of ₹152 and low of ₹88.0. The stock is currently in the middle of its 52-week range. Market cap stands at ₹189 Cr..

How does Aarvi Encon Limited's P/E ratio compare to its industry?

Aarvi Encon Limited has a P/E ratio of 11.4, which is below the industry average of 29.58. Trading at a steep discount to peers could signal a value opportunity or reflect concerns about the company's fundamentals.

Is Aarvi Encon Limited financially healthy?

Key indicators for Aarvi Encon Limited: ROCE of 10.8 % is moderate. Dividend yield is 1.57 %.

Is Aarvi Encon Limited profitable and how is the profit trend?

Aarvi Encon Limited reported a net profit of ₹10 Cr in Mar 2025 on revenue of ₹510 Cr. Compared to ₹12 Cr in Mar 2022, the net profit shows a declining trend.

Does Aarvi Encon Limited pay dividends?

Aarvi Encon Limited has a dividend yield of 1.57 % at the current price of ₹128.00. The company pays dividends, though the yield is modest.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Aarvi Encon Limited. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE
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