Aarvi Encon Ltd

Aarvi Encon Ltd

₹ 138 2.22%
26 Dec 3:46 p.m.
About

Incorporated in 1987, Aarvi is India’s leading technical staffing company, which specializes in providing expert engineering staffing solutions.[1]

Key Points

Business Overview:[1]
a) AEL is an ISO 9001: 2015 certified company with a CRISIL SME-1 rating. It provides Engineering and Manpower Outsourcing Services in India and abroad
b) Aarvi provides engineers /designers/technicians right from project conceptualization, Design, Construction, & its Commissioning, including the plant maintenance
c) It can also mobilize manpower for shutdown assignment of 15 days to
a few months
d) Aarvi has a large in-house 8+ lac resume database and a referral based program

  • Market Cap 203 Cr.
  • Current Price 138
  • High / Low 184 / 113
  • Stock P/E 22.4
  • Book Value 69.3
  • Dividend Yield 1.45 %
  • ROCE 12.4 %
  • ROE 10.6 %
  • Face Value 10.0

Pros

  • Company has been maintaining a healthy dividend payout of 24.5%

Cons

  • Tax rate seems low
  • Earnings include an other income of Rs.3.54 Cr.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: Miscellaneous Industry: Miscellaneous

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
64.43 70.44 82.60 94.86 99.75 96.46 91.62 91.56 95.00 93.56 97.52 104.57 110.28
60.92 66.58 79.44 90.50 94.59 92.77 88.18 88.17 92.34 91.06 95.05 101.85 108.74
Operating Profit 3.51 3.86 3.16 4.36 5.16 3.69 3.44 3.39 2.66 2.50 2.47 2.72 1.54
OPM % 5.45% 5.48% 3.83% 4.60% 5.17% 3.83% 3.75% 3.70% 2.80% 2.67% 2.53% 2.60% 1.40%
0.37 0.36 0.31 0.38 0.44 0.42 0.37 0.20 0.40 0.99 1.13 0.61 0.81
Interest 0.12 0.20 0.28 0.32 0.44 0.54 0.47 0.31 0.35 0.39 0.41 0.66 0.79
Depreciation 0.26 0.30 0.22 0.24 0.28 0.32 0.34 0.28 0.30 0.34 0.33 0.29 0.31
Profit before tax 3.50 3.72 2.97 4.18 4.88 3.25 3.00 3.00 2.41 2.76 2.86 2.38 1.25
Tax % 0.29% 0.00% 2.36% 0.96% 1.84% 12.31% 21.33% 11.67% 9.54% 0.36% 3.15% 10.08% -13.60%
3.48 3.72 2.90 4.14 4.79 2.84 2.35 2.65 2.19 2.75 2.76 2.14 1.42
EPS in Rs 2.35 2.52 1.96 2.80 3.24 1.92 1.59 1.79 1.48 1.86 1.87 1.45 0.96
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
78 96 114 109 146 169 192 191 190 275 383 378 406
70 86 103 104 139 160 183 185 182 261 366 366 397
Operating Profit 8 10 11 5 8 9 9 6 8 14 17 11 9
OPM % 11% 10% 10% 5% 5% 5% 4% 3% 4% 5% 4% 3% 2%
1 1 0 1 0 1 1 1 2 1 2 3 4
Interest 2 1 1 1 2 1 1 2 1 1 2 2 2
Depreciation 1 1 1 1 1 1 1 1 1 1 1 1 1
Profit before tax 7 8 10 4 5 8 7 4 9 12 15 11 9
Tax % 34% 43% 33% 29% 33% 23% 21% -6% -2% 1% 8% 6%
4 5 6 3 4 6 6 4 9 12 14 10 9
EPS in Rs 139.03 148.39 207.10 88.39 113.23 4.17 3.98 2.56 5.85 8.33 9.55 7.00 6.14
Dividend Payout % 14% 13% 10% 23% 0% 12% 25% 39% 26% 24% 21% 29%
Compounded Sales Growth
10 Years: 15%
5 Years: 14%
3 Years: 26%
TTM: 8%
Compounded Profit Growth
10 Years: 8%
5 Years: 14%
3 Years: 6%
TTM: -10%
Stock Price CAGR
10 Years: %
5 Years: 34%
3 Years: 13%
1 Year: -16%
Return on Equity
10 Years: 13%
5 Years: 12%
3 Years: 14%
Last Year: 11%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 3 3 3 3 3 15 15 15 15 15 15 15
Reserves 16 20 26 27 30 44 48 50 58 67 79 86
11 11 9 9 15 4 8 10 4 6 3 10
11 14 14 12 16 16 27 27 30 43 43 41
Total Liabilities 42 47 51 51 64 78 98 101 106 131 140 152
9 9 8 7 7 6 12 11 10 10 10 9
CWIP 0 0 0 0 0 0 0 0 0 0 0 0
Investments 1 0 0 1 1 1 1 1 1 1 1 1
32 38 43 43 57 71 85 90 95 121 129 142
Total Assets 42 47 51 51 64 78 98 101 106 131 140 152

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
7 4 4 0 0 -9 1 -1 14 -8 7 -3
-6 -0 -0 -1 -0 -0 -5 0 2 0 -0 2
-0 -3 -4 -1 4 8 1 -2 -7 -1 -7 2
Net Cash Flow 1 1 0 -2 5 -1 -3 -3 9 -8 -1 0

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 98 107 100 91 81 84 80 92 94 92 75 69
Inventory Days
Days Payable
Cash Conversion Cycle 98 107 100 91 81 84 80 92 94 92 75 69
Working Capital Days 55 63 61 54 44 56 45 55 57 58 45 57
ROCE % 29% 30% 31% 13% 16% 17% 12% 7% 12% 17% 19% 12%

Shareholding Pattern

Numbers in percentages

Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
73.47% 73.47% 73.47% 73.47% 73.47% 73.47% 73.47% 73.51% 73.54% 73.54% 73.54% 73.58%
26.52% 26.52% 26.53% 26.52% 26.52% 26.53% 26.53% 26.49% 26.46% 26.46% 26.46% 26.42%
No. of Shareholders 3,7573,5453,5105,2296,8758,1328,6869,32611,26210,66310,3829,691

Documents

Concalls