AARVIServices

Aarvi Encon Limited

Diversified Commercial Services · ISIN INE754X01016 · BSE 544850 · NSE EQ · FV ₹10
Last price
₹135
+0.59%today
What this company does

Aarvi Encon Limited operates in Diversified Commercial Services, part of the Services sector. It booked ₹173 cr of revenue in its latest quarter (Q1 FY27) and kept 3.5% of sales as profit.

61out of 100
Equitytale Health Score
Mixed

Healthier than 61% of companies in Services, on all six measures of filed financials. Each measure is ranked against the 34–117 companies that reported it.

Measures financial condition, not whether to buy. Learn what this score means · How this is calculated

Price momentum
neutral
RSI (14)
46

At close. Not part of the score.

Profitability & returns65

How much profit it earns on the money it employs

Balance sheet60

How much it owes, and whether earnings cover the interest

Cash quality43

Whether reported profit actually arrives as cash

Growth & consistency68

Whether sales and profit have grown, and how steadily

Valuation39

What today's price implies, against our models or its peers

Governance & risk100

How much of the promoters' stake is pledged, and how much they hold · highest in its sector on what we could measure

Is this company doing well?
not investment advice
Strengths
✓ Makes a profit
✓ Sales up 14% vs last year
✓ Profit up 42% vs last year
✓ Promoters hold 73%
✓ No promoter shares pledged
✓ Strong 17% return on equity
✓ Turns profit into real cash
Watch-outs
! Thin 3.5% net margin

What if I invest in AARVI?

Set a growth rate and see what a monthly SIP would add up to. Your assumption, our arithmetic.

You would put in
₹12.00 lakh
120 instalments
At 10% a year, it would become
₹20.15 lakh

The starting rate is a round number, not a view on this company — this is your assumption, and the figure above is arithmetic on it. Returns are not steady year to year, and a real holding would not grow in a straight line. We do not publish price targets or predict returns.

Key ratios · latest quarter + price
₹135▲ +0.59%
latest close · 2026-11-04
1-year return
+110.5%
52-wk low ₹5252-wk high ₹165
Is it cheap or expensive?
What you pay for the profits, book value and cash flow. Higher isn't automatically worse — it can signal faster growth.
P/E ratio8.3Low
LowAverageHigh
P/B ratio1.41Moderate
Below bookModerateHigh
EV / EBITDA7.2Low
LowAverageHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity16.9%Strong
WeakFairStrong ▸15%
Return on capital18.5%Strong
WeakFairStrong
Net margin3.5%Thin
ThinDecentStrong
EBITDA margin4.3%Thin
ThinDecentHealthy
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity0.19Comfortable
LowModerateHigh ▸1
Interest cover9.3×Strong
RiskyOkayStrong ▸5×
Current ratio2.05Ample
Tight ◂1HealthyAmple
More figures
Market cap
₹200 cr
Book value
₹96
EPS
₹4.04
latest quarter
Net debt
₹18 cr
owes more than its cash
Enterprise value
₹217 cr
EBITDA
₹30 cr
annualised
EBIT
₹28 cr
annualised
Operating margin
4.0%
Return on assets
10.1%
Earnings yield
12.01%
P/S
0.29
Sales / share
₹465.4
Tax rate
4.0%
Face value
₹10
Shares
1.5 cr
Working capital
₹89 cr
Current assets
₹175 cr
Current liabilities
₹86 cr
Delivery %
74.4%
Strong / safeFairWeak / riskyValuation — a level, not good/badBands are general rules of thumb, not advice.

P/E, ROE, ROCE and margins are annualised from the latest quarter; per-share and balance-sheet ratios use the most recent balance sheet on file · prices as of 2026-11-04.

Worth vs price · from the exchange filings
not investment advice
Looks overpricedMedium confidence
Median of 2 models ₹84 vs market price ₹135 — price is 61% above it
Safety cushion-61.1%(target ≥ +20%)
Models span ₹58–₹109, midpoint ₹84
Model ₹84
Price ₹135
Cheap sideExpensive side

An educational model from the company's own filings, every assumption shown — not investment advice or a price target. Prices can stay above or below any model for years.

P&L · Q1 FY27 (consolidated)
Revenue from Operations₹173 cr
Other Income₹3 cr
Total Income₹176 cr
Cost of Materials₹0 cr
Purchases of Stock-in-Trade₹0 cr
Employee Benefit Expense₹130 cr
Finance Costs₹74.9 L
Depreciation & Amortisation₹52.1 L
Other Expenses₹38 cr
Total Expenses₹169 cr
Profit before Tax₹6 cr
Tax Expense₹24.7 L
Net Profit₹6 cr
Net margin on total income3.4%
Where the money goes · Q1 FY27
% of total income
Employee benefit expense₹130 cr74.2%
Finance costs₹74.9 L0.4%
Depreciation & amortisation₹52.1 L0.3%
Other expenses₹38 cr21.5%
Tax expense₹24.7 L0.1%
Profit for the period₹6 cr3.4%
Total income ₹176 cradds up to ₹100 ✓
Quarterly results · consolidated (₹ cr)
MetricQ3 FY26Q4 FY26Q1 FY27
Revenue167 cr172 cr173 cr
Total income168 cr173 cr176 cr
Expenses163 cr167 cr169 cr
Profit before tax4 cr6 cr6 cr
Tax-2.8 L2 cr24.7 L
Net profit (owners' share)4 cr5 cr6 cr
Net margin (owners' share, on revenue)2.4%2.7%3.5%
EPS (₹)2.273.104.04
YoY (latest quarter): total income +15.6% · net profit +42.0%
Balance sheet & cash flow · as of Mar 2026
Low debt
Total assets
₹237 cr
Shareholder equity
₹142 cr
parent shareholders
Total debt
₹27 cr
Cash
₹9 cr
Cash flow · H1 FY26
Operating
₹6 cr
Investing
₹-4 cr
Financing
₹77.9 L
Peer comparison
Diversified Commercial Services · by market value
CompanyPriceMarket capP/E
International Gemological Institute Limited₹408₹17,626 cr23.7
WeWork India Management Limited₹663₹9,213 cr113.6
Bluspring Enterprises Limited₹143₹7,552 cr—
Nesco Limited₹1,037₹7,305 cr17.4
Indiabulls Limited₹30₹6,751 cr11.8
Smartworks Coworking Spaces Limited₹484₹5,540 cr54.1
LEAP India Limited₹113₹4,975 cr65.7
Quess Corp Limited₹319₹4,762 cr15.8
Inox Green Energy Services Limited₹115₹4,610 cr28.4
Same industry · latest reported numbers · not a recommendation.
Corporate actions
Dividend yield
1.49%
trailing 12 months
Dividend / share (TTM)
₹2
Last dividend
₹2
ex 7 Aug 2026
ActionDetailEx-date
Dividend₹2 / share7 Aug 2026
Dividend₹2 / share1 Aug 2025
Dividend₹2 / share26 Jul 2024
Dividend₹2 / share15 Sep 2023
Dividend₹1.5 / share21 Jul 2022
Dividend₹0.5 / share22 Nov 2021
Who owns it · 2026-09-30
No pledge
Promoter
73.4%
FII / Foreign
0.0%
DII / Domestic
0.0%
Retail / others
26.6%
Promoter stake down 0.2% over the last 12 quarters.
Smart-money activity
Insider trades
BoughtNAINI NINAD KULKARNI · Promoter Group1.08 L24 Feb 22
SoldNINAD V. KULKARNI · Promoter Group1.08 L24 Feb 22
Bulk / block deals
SoldNEO APEX SHARE BROKING SERVICES LLP · NSE1.47 L @ ₹120.5313 Aug 25
BoughtNEO APEX SHARE BROKING SERVICES LLP · NSE1.47 L @ ₹119.913 Aug 25
BoughtAMIT KUMAR JAIN HUF · NSE1.69 L @ ₹120.0313 Aug 25
Stake changes
BoughtNaini Ninad Kulkarni alongwith PACs · promoter→ 0.73% · 1.08 L24 Feb 22
BoughtVirendra D Sanghavi · promoter→ 51.37% · 32.55 L8 Mar 21
What shareholders were asked to approve

A company cannot decide everything on its own. Things like a top executive’s pay, issuing new shares, or re-appointing a director have to be put to the people who own the company, and they vote — one vote per share. So whoever owns the most shares has the most say.

Postal ballot · 23 Mar 2026
See the official result
1
Appointment of Mr. Jagat Parikh (DIN: 06757116) as a Non - Executive Independent Director of the Company.
Backed by 100% of shareholders other than promotersneeded 75%
1.07 L votes for, 36 against

Every vote count above is taken from the result the company filed with the stock exchange, certified by an independent counter. To work out what would have happened without the promoters, we simply remove their votes and re-apply the same legal bar the proposal had to clear. Nothing here is an estimate or an opinion.

Who controls this company, and what it pays them

Most Indian companies are controlled by a family or group — the promoters. The exchange requires them to be listed by name, including members who own no shares at all, and requires the company to disclose any business it does with them.

The promoter group — 7 named members
owning 73.4% between them · as of 2026-09-30
VIRENDRA DALPATRAM SANGHAVI51.17%
JAYDEV VIRENDRA SANGHAVI14.70%
NAINI NINAD KULKARNI4.39%
AMI JAYDEV SANGHAVI1.83%
ADITYA JAYDEV SANGHAVI1.10%
NIRALI JAYDEV SANGHAVI0.18%
NINAD V KULKARNIno shares

Names and holdings from the company’s shareholding pattern filed with the exchange; transactions from the related-party note in its annual report. Every figure is as filed — these are legal, disclosed dealings, and what to make of them is your call.

How the stock has moved · adjusted for splits & bonuses
Data from primary exchange filings · analysis tool, not investment advice.