Aarvi Encon Ltd. (IN:AARVI)
:AARVI
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Aarvi Encon Ltd.
(AARVI)
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Rating:71Outperform
Price Target:
₹133.00
▲(3.95% Upside)
Action:UpgradedDate:11/21/25
Aarvi Encon Ltd. scores well due to strong technical indicators and reasonable valuation. However, financial performance is a concern with declining profit margins and negative cash flow, which slightly dampens the overall score.
Positive Factors
Revenue Growth
Sustained double-digit revenue growth indicates expanding demand for Aarvi's technical staffing and project services. This scale gain supports better fixed-cost absorption, strengthens client relationships in industrial sectors, and provides a platform to reinvest in capabilities and bid for larger contracts over the medium term.
Negative Factors
Margin Compression
A dramatic decline in gross margin signals structural pricing pressure or sharp cost increases that materially erode profitability. Persistently low margins reduce the firm's ability to generate sustainable operating profits, constrain reinvestment, and raise vulnerability to further cost shocks or client rate negotiation, impairing long-term earnings resilience.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Growth
Sustained double-digit revenue growth indicates expanding demand for Aarvi's technical staffing and project services. This scale gain supports better fixed-cost absorption, strengthens client relationships in industrial sectors, and provides a platform to reinvest in capabilities and bid for larger contracts over the medium term.
Read all positive factors
Aarvi Encon Ltd. (AARVI) vs. iShares MSCI India ETF (INDA)
Market Cap
₹1.85B
Dividend Yield1.54%
Average Volume (3M)59.56K
Price to Earnings (P/E)11.8
Beta (1Y)0.79
Revenue Growth32.62%
EPS Growth57.75%
CountryIN
Employees4,500
SectorServices
Sector StrengthN/A
IndustryStaffing & Employment Services
Share Statistics
EPS (TTM)2.72
Shares Outstanding14,784,000
10 Day Avg. Volume164,027
30 Day Avg. Volume59,556
Financial Highlights & Ratios
PEG Ratio-1.28
Price to Book (P/B)1.21
Price to Sales (P/S)0.30
P/FCF Ratio-11.33
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Aarvi Encon Ltd. Business Overview & Revenue Model
Company Description
Aarvi Encon Limited provides manpower outsourcing and consultancy services in India and the United Arab Emirates. The company offers information technology (IT) staffing, manpower outsourcing/technical staffing, project management, construction su...
How the Company Makes Money
Aarvi Encon primarily makes money by providing technical staffing (deputation) and engineering/project support services to industrial clients. Its core revenue model is service-fee based: (1) Manpower supply/deputation: the company recruits and de...
Aarvi Encon Ltd. Financial Statement Overview
Summary
Income Statement
75
Positive
Balance Sheet
68
Positive
Cash Flow
55
Neutral
| Breakdown | TTM | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 5.86B | 5.10B | 4.06B | 4.37B | 2.89B | 2.02B |
| Gross Profit | 1.57B | 1.34B | 1.13B | 1.53B | 801.73M | 417.58M |
| EBITDA | 208.83M | 158.69M | 148.30M | 186.64M | 139.05M | 120.13M |
| Net Income | 143.47M | 100.44M | 113.44M | 145.12M | 120.67M | 104.60M |
Balance Sheet | ||||||
| Total Assets | 2.22B | 2.13B | 1.71B | 1.58B | 1.49B | 1.20B |
| Cash, Cash Equivalents and Short-Term Investments | 225.38M | 149.95M | 237.30M | 70.43M | 62.55M | 219.72M |
| Total Debt | 320.15M | 267.81M | 97.51M | 34.03M | 64.30M | 35.37M |
| Total Liabilities | 892.62M | 877.06M | 543.20M | 503.87M | 542.87M | 351.19M |
| Stockholders Equity | 1.32B | 1.25B | 1.17B | 1.08B | 946.89M | 850.72M |
Cash Flow | ||||||
| Free Cash Flow | 54.36M | -133.31M | 23.76M | 20.29M | -113.59M | 165.59M |
| Operating Cash Flow | 59.24M | -34.36M | 31.44M | 32.13M | -104.10M | 169.65M |
| Investing Cash Flow | -40.17M | -146.87M | 11.48M | -1.24M | 1.15M | 20.38M |
| Financing Cash Flow | 7.79M | 141.40M | 20.07M | -37.74M | -10.84M | -74.72M |
Aarvi Encon Ltd. Technical Analysis
Positive
127.94
Price Trends
128.09
Positive
127.56
Positive
122.01
Positive
Market Momentum
0.77
Negative
58.73
Neutral
55.84
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:AARVI, the sentiment is Positive. The current price of 127.94 is above the 20-day moving average (MA) of 127.43, below the 50-day MA of 128.09, and above the 200-day MA of 122.01, indicating a bullish trend. The MACD of 0.77 indicates Negative momentum. The RSI at 58.73 is Neutral, neither overbought nor oversold. The STOCH value of 55.84 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:AARVI.
Aarvi Encon Ltd. Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
71 Outperform | ₹1.85B | 11.80 | ― | 1.54% | 32.62% | 57.75% | |
56 Neutral | ₹700.81M | -0.73 | ― | 0.42% | -37.23% | -545.59% | |
55 Neutral | $13.29B | 17.42 | 10.03% | 0.93% | 7.13% | -12.93% | |
55 Neutral | ₹3.32B | 0.03 | ― | ― | 66.10% | 4264.41% | |
50 Neutral | ₹844.95M | 20.28 | ― | ― | -34.89% | -59.38% | |
43 Neutral | ₹954.53M | -0.31 | ― | ― | 13.86% | -104.64% |
* Services Sector Average
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Aarvi Encon Ltd. Corporate Events
Aarvi Encon Publishes Postal Ballot and E-Voting Details for Shareholders
Feb 19, 2026
Aarvi Encon Ltd. has completed the dispatch of its postal ballot notice along with remote e-voting details to shareholders, and has published the statutory advertisements in English and regional-language newspapers in line with SEBI disclosure nor...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.