Aarvi Encon share price & results
- Jun 2026
- Jun 2026
India-based technical staffing and engineering-services company that deputes engineers and technicians to oil & gas, power, refinery, petrochemical and infrastructure clients in India and abroad.
Reported
The figures, each with its period
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 154 | +14.6% YoY | Quarterly, as filed | Quarter to Jun 2026 | Revenue from operations as filed. |
| Operating margin | 2.7 | +0.2 pts YoY | Operating profit / revenue | Quarter to Jun 2026 | For the quarter; a change is in percentage points. |
| Net profit | 5.9 | +114.2% YoY | Quarterly, as filed | Quarter to Jun 2026 | Profit after tax as filed. |
| Return on equity | 14.75 | +5.2 pts | Trailing twelve months | TTM to Jun 2026 | Adjusted profit attributable to owners ÷ average owners’ equity. |
| Free cash flow margin | 1.06 | +3.3 pts | Fiscal year | FY ending Mar 2026 | (Operating cash flow − fixed-asset purchases + disposals) ÷ revenue. |
| Revenue growth (YoY) | 22.41 | +1.8 pts | Trailing twelve months | TTM to Jun 2026 | Revenue change against the same period one year earlier. |
Price
Performance +10.0% 1Y
1Y: ₹118.74 on 24 Oct 2025 → ₹130.67. High ₹161.75 (22 Jul 2026), low ₹117.26 (4 Mar 2026).
- Previous close
- ₹131.15
- Market cap
- ₹202 Cr
- 52-week range
- ₹117.26 – ₹161.75
- One year
- +8.94%
- Price to earnings (TTM to Jun 2026)
- 10.22×
- Return on equity (TTM to Jun 2026)
- 14.75%
Overview
- Symbol
- NSE:AARVI
- Sector
- Services
- Exchange
- NSE
- Currency
- INR
What Aarvi Encon Limited does
Based on the company's own presentations, annual report and earnings calls.
Aarvi Encon, incorporated in 1987, provides technical manpower staffing and engineering services, deputing skilled engineers, designers and technicians to client sites across sectors such as oil & gas, power, refineries, petrochemicals, infrastructure and renewable energy. Its service lines span project management, construction supervision, inspection, pre-commissioning and commissioning assistance, CAD/drafting/3D modelling, procurement assistance/expediting, and Operation & Maintenance (O&M) of client plants. Rather than manufacturing, the company mobilizes people on a contract/deputation basis, drawing on an in-house resume database of over 800,000 candidates. It operates in India and internationally through offices and subsidiaries in the UAE, Saudi Arabia, Qatar, Indonesia and Malaysia.
Segments
- Manpower Outsourcing & Deputation
- Operation & Maintenance (O&M)
- Total manpower deputation (FY26)
- 8,272
- Engineers/technical personnel on payroll
- 5,000+
- Personnel deployed since inception
- 30,000+
- In-house resume database
- 800,000+
- International offices/subsidiaries
- UAE, Saudi Arabia, Qatar, Indonesia, Malaysia (exited UK in FY25)
- Business mix (FY26)
- Manpower Outsourcing 86% / O&M 14%
Fundamentals
Ratios, each with its period
Current values with the period they cover; the trend reads across the 6 fiscal years held (Mar 2021 to Mar 2026).
Financials
What the filings say
Net profit, year on year: +114% (quarter to jun 2026 against jun 2025).
| Line item | Sept 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sept 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 110 | 120 | 129 | 135 | 140 | 146 | 149 | 154 |
| Expenses | 109 | 118 | 126 | 131 | 136 | 143 | 145 | 150 |
| Operating profit | 2 | 2 | 4 | 3 | 3 | 3 | 5 | 4 |
| Operating margin | 1.4% | 1.8% | 2.9% | 2.6% | 2.5% | 2.3% | 3.2% | 2.7% |
| Other income | 1 | 1 | 1 | 1 | 1 | -0 | 1 | 3 |
| Interest | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 |
| Profit before tax | 1 | 2 | 3 | 3 | 3 | 2 | 5 | 6 |
| Tax rate | −13.6% | 25.3% | 10.8% | 4.9% | 3.1% | −9.9% | 33.2% | 3.9% |
| Net profit | 1 | 1 | 3 | 3 | 3 | 2 | 3 | 6 |
| EPS (₹ per share) | 0.96 | 0.92 | 1.90 | 1.85 | 2.11 | 1.57 | 2.16 | 3.95 |
| Line item | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|
| Sales | 378 | 464 | 570 |
| Expenses | 367 | 454 | 555 |
| Operating profit | 11 | 10 | 15 |
| Other income | 3 | 3 | 3 |
| Interest | 1 | 3 | 3 |
| Depreciation | 1 | 2 | 2 |
| Profit before tax | 11 | 9 | 13 |
| Net profit | 10 | 8 | 11 |
| Line item | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sept 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Equity capital | 15 | 15 | 15 | 15 | 15 | 15 |
| Reserves | 67 | 79 | 86 | 92 | 118 | 101 |
| Borrowings | 6 | 3 | 10 | 27 | 32 | 27 |
| Other liabilities | 43 | 43 | 41 | 56 | 57 | 63 |
| Total liabilities | 131 | 140 | 152 | 189 | 222 | 206 |
| Fixed assets | 10 | 10 | 9 | 17 | 17 | 17 |
| Capital work in progress | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 1 | 1 | 1 | 6 | 10 | 6 |
| Other assets | 121 | 129 | 142 | 166 | 195 | 183 |
| Total assets | 131 | 140 | 152 | 189 | 222 | 206 |
| Line item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Cash from operations | 14 | -8 | 7 | -3 | 4 | 3 |
| Cash from investing | 2 | 0 | 0 | 2 | -12 | 1 |
| Cash from financing | -7 | -1 | -7 | 2 | 11 | -6 |
| Net cash flow | 9 | -8 | -1 | 0 | 3 | -2 |
| Free cash flow | 14 | -8 | 6 | -4 | -6 | 2 |
| Line item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Debtor days | 94 | 92 | 75 | 69 | 76 | 52 |
| Cash conversion cycle | 94 | 92 | 75 | 69 | 76 | 52 |
| Working capital days | 50 | 49 | 42 | 47 | 39 | 32 |
| Return on capital employed | 12.0% | 17.0% | 19.0% | 12.0% | 10.0% | 12.0% |
| Dividend payout | 26.0% | 24.0% | 21.0% | 29.0% | 38.0% | 26.0% |
What the price assumes
ExpensiveTo justify its price of ₹131, this stock must grow earnings at 10% every year for 7 years. Our analysis caps realistic growth at ~5%. At that growth it is worth ₹98 — downside of 25%.
- Growth the price implies
- 10.2% a year
- for 7 years, fading to 4%
- It has actually compounded at
- 4.9% a year
- net profit, FY24–FY26 · EPS 4.8%
- The gap
- 0.1 pp
- -25% downside if it only repeats history
Ownership
Who owns it
Promoters hold 73.36% as of Jun 2026; institutions added 0.00 pts since Mar 2026.
- Promoters 73.36%
- Foreign institutions 0.00%
- Public 26.65%
Who is on the register
Named in the Jun 2026 filing
Every holder of Aarvi Encon Limited above SEBI's 1% disclosure line, and what changed since Mar 2026.
| Holder | Stake | Change |
|---|---|---|
| 51.17% | −0.11 pp | |
| 14.70% | unchanged | |
| 4.39% | unchanged | |
| 3.45% | unchanged | |
| 1.83% | unchanged | |
| 1.45% | unchanged | |
| 1.10% | unchanged | |
| 0.18% | unchanged |
A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.
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