Aarvi Encon Limited

NSE: AARVI · Diversified Commercial Services · sector

₹131.15NSE close 2026-10-26

Key numbers

Market cap₹195 cr

Price₹131.15

52w high / low₹168 / ₹116

P/E10.4xSector median 13.0x

P/B1.4xSector median 1.6x

Book value₹95.7

Dividend yield1.52%Sector median 1.73%

ROE14.5%Sector median 3.4%

ROCE14.6%Sector median 8.1%

OPM3.3%Sector median 15.0%

Debt / equity0.19xSector median 0.07x

EV/EBITDA9.3xSector median 7.9x

Interest cover8.6x

Current ratio2.05x

Sales growth 3y+14.2%Sector median +12.9%

Profit growth 3y+6.7%Sector median +19.1%

PEG1.56x

Last 12 months to Jun 2026, Consolidated. "Sector median" = middle value of 95 companies in Diversified Commercial Services (P/E median leaves out loss-making companies). Tap ? for what a number means.

Things to know

Cash ₹17 cr vs borrowings ₹27 cr (FY26): borrowings are higher by ₹9 cr.
Operating profit covered interest 8.6x in the last 12 months.
Operating cash flow was below net profit in 5 of the last 5 years (FY26, FY25, FY24, FY23, FY22).
Revenue was higher than a year earlier in 4 of the last 4 quarters.
Other income was 24% of net profit in the last 12 months.
Debtor days went from 75 (FY24) to 57 (FY26).
Dividend paid in 5 of the last 5 financial years.
Price ₹131.15 on 2026-10-26: -22.1% from the 52-week high, +13.1% from the 52-week low.

Plain facts from the filings, built by the same fixed rules for every company. A line appears only when the data for it is available. Not a view on the stock.

Charts

Weekly close · high ₹161.75 · low ₹98.45

Quarterly results

₹ cr	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Revenue	121	132	144	151	159	167	172	173
EBITDA	2	4	4	5	6	5	7	4
OPM %	1.7%	2.8%	3.1%	3.3%	3.5%	2.8%	4.2%	2.6%
Other income	1	0	0	1	1	0	0	3
Net profit	2	2	3	4	5	4	5	6
EPS (₹)	1.43	1.60	2.00	2.85	3.24	2.27	3.10	4.04
Revenue YoY					+31.3%	+27.2%	+19.2%	+14.1%
Profit YoY					+127.5%	+69.2%	+55.3%	+41.9%

Consolidated figures where filed. Latest quarter Jun 2026.

Profit & loss (yearly)

₹ cr	FY22	FY23	FY24	FY25	FY26	TTM
Revenue	289	437	406	510	650	671
EBITDA	13	17	13	13	22	22
Net profit	12	15	11	10	18	19
EPS (₹)	8.16	9.82	7.67	6.79	11.90	12.65
Revenue growth		+51.3%	-7.0%	+25.7%	+27.3%	+22.4%
Profit growth		+20.2%	-21.8%	-11.5%	+75.5%	+66.4%
Dividend / share (₹)	2.00	1.50	2.00	2.00	2.00

Compounded growth	3 years	5 years	Last 12 months
Sales	+14.2%	+26.4%	+22.4%
Net profit	+6.7%	+11.0%	+66.4%
EPS	+6.6%	+10.9%	–
Share price	–	-5.0% (2y)	+9.8%

Balance sheet

₹ cr	FY22	FY23	FY24	FY25	FY26
Shareholders' equity	–	108	117	125	142
Borrowings	–	3	10	27	27
Cash & equivalents	–	7	24	15	17
Total assets	–	158	171	213	237
Fixed assets	–	10	9	17	16
Capital work in progress	–	–	0	0	0
Investments	–	0	0	0	0
Receivables	–	95	83	115	102
Inventory	–	0	0	0	0
Payables	–	10	8	13	8

Year-end figures from the March annual filing.

Cash flow

₹ cr	FY22	FY23	FY24	FY25	FY26
Cash from operations	-10	3	3	-2	8
Cash from investing	0	-0	1	-13	0
Cash from financing	-1	-4	2	11	-6
Capex	1	1	1	10	1
Free cash flow	-11	2	2	-12	7

Free cash flow = cash from operations − capex.

Ratios by year

₹ cr	FY22	FY23	FY24	FY25	FY26
ROE %	–	13.4%	9.7%	8.0%	12.4%
ROCE %	–	15.6%	10.7%	9.4%	13.5%
Debtor days	–	79	75	83	57
Inventory days	–	0	0	0	0
Payable days	–	9	7	9	4
Cash conversion cycle (days)	–	70	68	74	53
Working capital days	–	53	74	59	50

Shareholding

Holder	% (2026-09-30)
Promoters	73.36%
FIIs	0.00%
DIIs	0.00%
of which Mutual funds	0.00%
of which Insurance	0.00%
Government	0.00%
Public (non-institutions)	26.64%

Quarter	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
Promoters %	73.58%	73.47%	73.47%	73.47%	73.53%	73.53%	73.36%	73.36%

Promoter group	%
Virendra Dalpatram Sanghavi	51.17%
Jaydev Virendra Sanghavi	14.70%
Naini Ninad Kulkarni	4.39%
AMI Jaydev Sanghavi	1.83%
Aditya Jaydev Sanghavi	1.10%
Nirali Jaydev Sanghavi	0.18%
Ninad V Kulkarni	0.00%

Public holders above 1%	%
Girish Gulati HUF	3.45%
Jaideep Sampat	1.45%

8,136 shareholders. Pledged: – of promoter shares.

Peers in Diversified Commercial Services

Company	Market cap	P/E	P/B	ROE	ROCE	OPM	Sales 3y	Div yield
IGIL	₹16,651 cr	25.0x	9.5x	44.5%	51.7%	61.5%	–	1.93%
WEWORK	₹8,640 cr	99.1x	29.0x	28.3%	111.2%	64.6%	–	–
IBULLSLTD	₹6,919 cr	–	1.1x	-0.4%	–	–	+918.1%	–
NESCO	₹6,699 cr	16.1x	2.2x	14.8%	18.3%	50.8%	+19.5%	0.69%
NIRLON	₹5,679 cr	15.9x	12.1x	86.5%	29.8%	77.5%	+5.3%	4.12%
RENTOMOJO	₹5,292 cr	–	–	–	–	–	–	–
LEAPIND	₹5,209 cr	–	–	–	–	–	–	–
SMARTWORKS	₹5,085 cr	182.4x	9.6x	5.2%	56.6%	64.2%	–	–
QUESS	₹4,827 cr	19.1x	4.1x	22.4%	27.2%	2.0%	-3.7%	–
AARVI	₹195 cr	10.4x	1.4x	14.5%	14.6%	3.3%	+14.2%	1.52%

All 95 companies in Diversified Commercial Services →

Dividends & corporate actions

Ex-date	Action	Detail
2026-08-07	Dividend	Dividend - Rs 2 Per Share
2025-08-01	Dividend	Dividend - Rs 2 Per Share
2024-07-26	Dividend	Dividend - Rs 2 Per Share
2023-09-15	Dividend	Dividend - Rs 2 Per Share
2022-07-21	Dividend	Dividend - Rs 1.5 Per Share
2021-11-22	Dividend	Interim Dividend - Rs 0.50 Per Share
2021-07-15	Dividend	Dividend - Rs 1.50 Per Share
2020-09-10	Dividend	Dividend - Re 1 Per Share

Documents

Links go to the original files on the exchange website.

About the company


Sector	Services
Industry	Diversified Commercial Services
Sub-industry	Diversified Commercial Services
Symbol	AARVI
BSE code	544850
ISIN	INE754X01016
Face value	₹10.0
Incorporated	–
Website	–
Plants (India / abroad)	–

Data built 2026-10-23 from NSE company filings (XBRL: Integrated Filing - Financials + financial results), NSE shareholding & pledge data; price = NSE close 2026-10-26.