Declared Dividend • Jul 16
Dividend of ₹2.00 announced Dividend of ₹2.00 is the same as last year. Ex-date: 7th August 2026 Payment date: 13th September 2026 Dividend yield will be 1.3%, which is higher than the industry average of 1.1%. Sustainability & Growth Dividend is well covered by both earnings (17% earnings payout ratio) and cash flows (43% cash payout ratio). The dividend has increased by an average of 19% per year over the past 8 years and payments have been stable during that time. Earnings per share has grown by 11% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Announcement • Jul 13
Aarvi Encon Limited, Annual General Meeting, Aug 14, 2026 Aarvi Encon Limited, Annual General Meeting, Aug 14, 2026, at 11:00 Indian Standard Time. Reported Earnings • May 24
Full year 2026 earnings released: EPS: ₹11.90 (vs ₹6.79 in FY 2025) Full year 2026 results: EPS: ₹11.90 (up from ₹6.79 in FY 2025). Revenue: ₹6.52b (up 28% from FY 2025). Net income: ₹176.2m (up 75% from FY 2025). Profit margin: 2.7% (up from 2.0% in FY 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Announcement • May 15
Aarvi Encon Limited to Report Q4, 2026 Results on May 22, 2026 Aarvi Encon Limited announced that they will report Q4, 2026 results on May 22, 2026 Reported Earnings • Feb 13
Third quarter 2026 earnings released: EPS: ₹2.71 (vs ₹1.59 in 3Q 2025) Third quarter 2026 results: EPS: ₹2.71 (up from ₹1.59 in 3Q 2025). Revenue: ₹1.68b (up 28% from 3Q 2025). Net income: ₹40.1m (up 67% from 3Q 2025). Profit margin: 2.4% (up from 1.8% in 3Q 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 1% per year whereas the company’s share price has remained flat. New Risk • Feb 03
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 7.1% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (7.1% average weekly change). Market cap is less than US$100m (₹1.90b market cap, or US$21.0m). Board Change • Feb 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 5 highly experienced directors. Independent Non-Executive Director Ramamoorthy Ramachandran was the last director to join the board, commencing their role in 2023. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Valuation Update With 7 Day Price Move • Nov 14
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ₹138, the stock trades at a trailing P/E ratio of 17.5x. Average trailing P/E is 28x in the Professional Services industry in India. Total loss to shareholders of 7.3% over the past three years. Reported Earnings • Aug 15
First quarter 2026 earnings released: EPS: ₹2.85 (vs ₹1.76 in 1Q 2025) First quarter 2026 results: EPS: ₹2.85 (up from ₹1.76 in 1Q 2025). Revenue: ₹1.52b (up 34% from 1Q 2025). Net income: ₹42.2m (up 62% from 1Q 2025). Profit margin: 2.8% (up from 2.3% in 1Q 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 13% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings. New Risk • Aug 13
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 4.7% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (4.7% average weekly change). Market cap is less than US$100m (₹1.49b market cap, or US$17.0m). Valuation Update With 7 Day Price Move • Aug 13
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to ₹121, the stock trades at a trailing P/E ratio of 17.8x. Average trailing P/E is 30x in the Professional Services industry in India. Total returns to shareholders of 7.1% over the past three years. Announcement • Jul 02
Aarvi Encon Limited, Annual General Meeting, Aug 08, 2025 Aarvi Encon Limited, Annual General Meeting, Aug 08, 2025, at 11:00 Indian Standard Time. Reported Earnings • Feb 09
Third quarter 2025 earnings released: EPS: ₹1.60 (vs ₹1.61 in 3Q 2024) Third quarter 2025 results: EPS: ₹1.60 (down from ₹1.61 in 3Q 2024). Revenue: ₹1.32b (up 32% from 3Q 2024). Net income: ₹23.7m (flat on 3Q 2024). Profit margin: 1.8% (down from 2.4% in 3Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 10% per year but the company’s share price has increased by 12% per year, which means it is well ahead of earnings. Reported Earnings • Nov 15
Second quarter 2025 earnings released: EPS: ₹1.43 (vs ₹1.77 in 2Q 2024) Second quarter 2025 results: EPS: ₹1.43 (down from ₹1.77 in 2Q 2024). Revenue: ₹1.22b (up 19% from 2Q 2024). Net income: ₹21.1m (down 19% from 2Q 2024). Profit margin: 1.7% (down from 2.5% in 2Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has increased by 33% per year, which means it is well ahead of earnings. Reported Earnings • Aug 14
First quarter 2025 earnings released: EPS: ₹1.76 (vs ₹2.24 in 1Q 2024) First quarter 2025 results: EPS: ₹1.76 (down from ₹2.24 in 1Q 2024). Revenue: ₹1.14b (up 13% from 1Q 2024). Net income: ₹26.1m (down 21% from 1Q 2024). Profit margin: 2.3% (down from 3.3% in 1Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has remained flat but the company’s share price has increased by 36% per year, which means it is well ahead of earnings. Announcement • Aug 03
Aarvi Encon Limited Approves Final Dividend for the Financial Year Ended March 31, 2024 Aarvi Encon Limited announced that at its AGM held on August 2, 2024, the shareholders approved final dividend of INR 2 per equity share for the financial year ended March 31, 2024. Valuation Update With 7 Day Price Move • Jul 26
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ₹149, the stock trades at a trailing P/E ratio of 19.5x. Average trailing P/E is 33x in the Professional Services industry in India. Total returns to shareholders of 125% over the past three years. Upcoming Dividend • Jul 19
Upcoming dividend of ₹2.00 per share Eligible shareholders must have bought the stock before 26 July 2024. Payment date: 01 September 2024. Payout ratio is a comfortable 26% but the company is paying out more than the cash it is generating. Trailing yield: 1.5%. Within top quartile of Indian dividend payers (1.1%). Higher than average of industry peers (1.1%). Announcement • Jul 09
Aarvi Encon Limited, Annual General Meeting, Aug 02, 2024 Aarvi Encon Limited, Annual General Meeting, Aug 02, 2024, at 11:00 Indian Standard Time. New Risk • Jun 14
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 8.1% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by cash flows (124% cash payout ratio). Share price has been volatile over the past 3 months (8.1% average weekly change). Market cap is less than US$100m (₹2.05b market cap, or US$24.6m). Reported Earnings • May 14
Full year 2024 earnings released: EPS: ₹7.67 (vs ₹9.82 in FY 2023) Full year 2024 results: EPS: ₹7.67 (down from ₹9.82 in FY 2023). Revenue: ₹4.08b (down 6.4% from FY 2023). Net income: ₹113.4m (down 22% from FY 2023). Profit margin: 2.8% (down from 3.3% in FY 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has increased by 39% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Apr 05
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ₹138, the stock trades at a trailing P/E ratio of 17.3x. Average trailing P/E is 25x in the Professional Services industry in India. Total returns to shareholders of 196% over the past three years. Reported Earnings • Feb 08
Third quarter 2024 earnings released: EPS: ₹1.61 (vs ₹1.79 in 3Q 2023) Third quarter 2024 results: EPS: ₹1.61 (down from ₹1.79 in 3Q 2023). Revenue: ₹1.01b (down 9.2% from 3Q 2023). Net income: ₹23.8m (down 10% from 3Q 2023). Profit margin: 2.4% (in line with 3Q 2023). Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has increased by 47% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Dec 27
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to ₹164, the stock trades at a trailing P/E ratio of 20.2x. Average trailing P/E is 25x in the Professional Services industry in India. Total returns to shareholders of 221% over the past three years. New Risk • Nov 29
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 7.3% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by cash flows (146% cash payout ratio). Share price has been volatile over the past 3 months (7.3% average weekly change). Market cap is less than US$100m (₹2.10b market cap, or US$25.2m). Valuation Update With 7 Day Price Move • Nov 29
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to ₹142, the stock trades at a trailing P/E ratio of 17.5x. Average trailing P/E is 24x in the Professional Services industry in India. Total returns to shareholders of 264% over the past three years. Announcement • Aug 31
Aarvi Encon Limited, Annual General Meeting, Sep 23, 2023 Aarvi Encon Limited, Annual General Meeting, Sep 23, 2023, at 11:00 Indian Standard Time. Location: Registered Office of the Company situated at B1-603, Marathon Innova, Marathon NextGen, Lower Parel (W), Mumbai India Agenda: To consider and adopt the Audited Standalone Financial Statement of the Company for the Financial Year ended March 31, 2023 and the reports of the Board of Directors and Auditors thereon; and Audited Consolidated Financial Statement of the Company for the Financial Year ended March 31, 2023 and the report of Auditors thereon; and to discuss other matters. Reported Earnings • Aug 16
First quarter 2024 earnings released: EPS: ₹2.24 (vs ₹2.92 in 1Q 2023) First quarter 2024 results: EPS: ₹2.24 (down from ₹2.92 in 1Q 2023). Revenue: ₹1.01b (down 5.3% from 1Q 2023). Net income: ₹33.2m (down 23% from 1Q 2023). Profit margin: 3.3% (down from 4.1% in 1Q 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has increased by 43% per year, which means it is tracking significantly ahead of earnings growth. Board Change • Jul 01
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 4 experienced directors. 2 highly experienced directors. Independent Non-Executive Director Ramamoorthy Ramachandran was the last director to join the board, commencing their role in 2023. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • May 31
Full year 2023 earnings released: EPS: ₹9.82 (vs ₹8.16 in FY 2022) Full year 2023 results: EPS: ₹9.82 (up from ₹8.16 in FY 2022). Revenue: ₹4.38b (up 52% from FY 2022). Net income: ₹145.1m (up 20% from FY 2022). Profit margin: 3.3% (down from 4.2% in FY 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has increased by 82% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Apr 05
Investor sentiment improves as stock rises 28% After last week's 28% share price gain to ₹130, the stock trades at a trailing P/E ratio of 14x. Average trailing P/E is 24x in the Professional Services industry in India. Total returns to shareholders of 581% over the past three years. Valuation Update With 7 Day Price Move • Feb 21
Investor sentiment deteriorates as stock falls 23% After last week's 23% share price decline to ₹120, the stock trades at a trailing P/E ratio of 12.9x. Average trailing P/E is 26x in the Professional Services industry in India. Total returns to shareholders of 456% over the past three years. Reported Earnings • Feb 15
Third quarter 2023 earnings released: EPS: ₹1.79 (vs ₹2.58 in 3Q 2022) Third quarter 2023 results: EPS: ₹1.79 (down from ₹2.58 in 3Q 2022). Revenue: ₹1.11b (up 51% from 3Q 2022). Net income: ₹26.5m (down 31% from 3Q 2022). Profit margin: 2.4% (down from 5.2% in 3Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has increased by 86% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Dec 22
Investor sentiment deteriorated over the past week After last week's 16% share price decline to ₹154, the stock trades at a trailing P/E ratio of 15.2x. Average trailing P/E is 26x in the Professional Services industry in India. Total returns to shareholders of 417% over the past three years. Valuation Update With 7 Day Price Move • Nov 28
Investor sentiment improved over the past week After last week's 24% share price gain to ₹186, the stock trades at a trailing P/E ratio of 18.5x. Average trailing P/E is 24x in the Professional Services industry in India. Total returns to shareholders of 463% over the past three years. Reported Earnings • Nov 19
Second quarter 2023 earnings released: EPS: ₹2.77 (vs ₹2.28 in 2Q 2022) Second quarter 2023 results: EPS: ₹2.77 (up from ₹2.28 in 2Q 2022). Revenue: ₹1.13b (up 73% from 2Q 2022). Net income: ₹40.9m (up 21% from 2Q 2022). Profit margin: 3.6% (down from 5.2% in 2Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has increased by 59% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Sep 14
Investor sentiment improved over the past week After last week's 19% share price gain to ₹132, the stock trades at a trailing P/E ratio of 13.8x. Average trailing P/E is 34x in the Professional Services industry in India. Total returns to shareholders of 374% over the past three years. Reported Earnings • Aug 14
First quarter 2023 earnings released: EPS: ₹2.92 (vs ₹1.50 in 1Q 2022) First quarter 2023 results: EPS: ₹2.92 (up from ₹1.50 in 1Q 2022). Revenue: ₹1.07b (up 83% from 1Q 2022). Net income: ₹43.2m (up 95% from 1Q 2022). Profit margin: 4.0% (up from 3.8% in 1Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has increased by 50% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Jul 21
Investor sentiment improved over the past week After last week's 19% share price gain to ₹104, the stock trades at a trailing P/E ratio of 12.8x. Average trailing P/E is 36x in the Professional Services industry in India. Total returns to shareholders of 216% over the past three years. Reported Earnings • May 30
Full year 2022 earnings released: EPS: ₹8.16 (vs ₹7.08 in FY 2021) Full year 2022 results: EPS: ₹8.16 (up from ₹7.08 in FY 2021). Revenue: ₹2.90b (up 44% from FY 2021). Net income: ₹120.7m (up 15% from FY 2021). Profit margin: 4.2% (down from 5.2% in FY 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has increased by 42% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Mar 30
Investor sentiment improved over the past week After last week's 17% share price gain to ₹105, the stock trades at a trailing P/E ratio of 12.5x. Average trailing P/E is 35x in the Professional Services industry in India. Total returns to shareholders of 178% over the past three years. Reported Earnings • Feb 16
Third quarter 2022 earnings: Revenues and EPS in line with analyst expectations Third quarter 2022 results: EPS: ₹2.58 (up from ₹1.79 in 3Q 2021). Revenue: ₹740.4m (up 49% from 3Q 2021). Net income: ₹38.2m (up 44% from 3Q 2021). Profit margin: 5.2% (down from 5.3% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has increased by 26% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Dec 24
Investor sentiment improved over the past week After last week's 23% share price gain to ₹86.25, the stock trades at a trailing P/E ratio of 11.3x. Average trailing P/E is 22x in the Professional Services industry in India. Total returns to shareholders of 117% over the past three years. Valuation Update With 7 Day Price Move • Dec 09
Investor sentiment improved over the past week After last week's 23% share price gain to ₹70.55, the stock trades at a trailing P/E ratio of 9.3x. Average trailing P/E is 22x in the Professional Services industry in India. Total returns to shareholders of 60% over the past three years. Reported Earnings • Nov 15
Second quarter 2022 earnings released: EPS ₹2.28 (vs ₹1.10 in 2Q 2021) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2022 results: Revenue: ₹657.6m (up 41% from 2Q 2021). Net income: ₹33.7m (up 74% from 2Q 2021). Profit margin: 5.1% (up from 4.2% in 2Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 9% per year whereas the company’s share price has increased by 8% per year. Reported Earnings • Nov 15
Second quarter 2022 earnings released: EPS ₹2.28 (vs ₹1.10 in 2Q 2021) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2022 results: Revenue: ₹657.6m (up 41% from 2Q 2021). Net income: ₹33.7m (up 74% from 2Q 2021). Profit margin: 5.1% (up from 4.2% in 2Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 9% per year whereas the company’s share price has increased by 8% per year. Valuation Update With 7 Day Price Move • Oct 05
Investor sentiment improved over the past week After last week's 16% share price gain to ₹65.35, the stock trades at a trailing P/E ratio of 9.8x. Average trailing P/E is 32x in the Professional Services industry in India. Total returns to shareholders of 38% over the past three years. Valuation Update With 7 Day Price Move • Aug 19
Investor sentiment deteriorated over the past week After last week's 18% share price decline to ₹54.70, the stock trades at a trailing P/E ratio of 7.7x. Average trailing P/E is 46x in the Professional Services industry in India. Total loss to shareholders of 7.0% over the past three years. Reported Earnings • Jul 09
Full year 2021 earnings released: EPS ₹7.08 (vs ₹4.86 in FY 2020) The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2021 results: Revenue: ₹2.02b (down 7.5% from FY 2020). Net income: ₹104.6m (up 46% from FY 2020). Profit margin: 5.2% (up from 3.3% in FY 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 2% per year whereas the company’s share price has increased by 7% per year. Reported Earnings • Jun 06
Full year 2021 earnings released: EPS ₹7.08 (vs ₹4.86 in FY 2020) The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2021 results: Revenue: ₹2.02b (down 7.5% from FY 2020). Net income: ₹104.6m (up 46% from FY 2020). Profit margin: 5.2% (up from 3.3% in FY 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 2% per year whereas the company’s share price has fallen by 2% per year. Valuation Update With 7 Day Price Move • May 27
Investor sentiment improved over the past week After last week's 37% share price gain to ₹71.10, the stock trades at a trailing P/E ratio of 9.2x. Average trailing P/E is 26x in the Professional Services industry in India. Total loss to shareholders of 7.5% over the past three years. Is New 90 Day High Low • Mar 04
New 90-day high: ₹57.60 The company is up 45% from its price of ₹39.65 on 04 December 2020. The Indian market is up 17% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Professional Services industry, which is up 27% over the same period. Valuation Update With 7 Day Price Move • Feb 24
Investor sentiment improved over the past week After last week's 16% share price gain to ₹51.55, the stock is trading at a trailing P/E ratio of 6.6x, up from the previous P/E ratio of 5.7x. This compares to an average P/E of 22x in the Professional Services industry in India. Total return to shareholders over the past three years is a loss of 45%. Reported Earnings • Feb 12
Third quarter 2021 earnings released: EPS ₹1.79 (vs ₹1.77 in 3Q 2020) The company reported a decent third quarter result with improved earnings and profit margins, although revenues were weaker. Third quarter 2021 results: Revenue: ₹507.8m (down 15% from 3Q 2020). Net income: ₹26.5m (up 1.2% from 3Q 2020). Profit margin: 5.2% (up from 4.4% in 3Q 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has fallen by 20% per year, which means it is performing significantly worse than earnings. Announcement • Feb 10
Aarvi Encon Limited Wins Work Orders of Approx INR 106.9 million from Indian Oil Corporation Limited Aarvi Encon Limited wins the following work orders from IOCL. The said work orders considered material in the opinion of the authorized key managerial personnel for determining the materiality of an event or disclosures as per the SEBI (Listing Obligation and Disclosure Requirements) Regulation, 2015. The Company has received a contract of INR 106,933,680/- for supply of skilled workforce for Assistance in Research and Non - Research Project work at R&D Centre, IOC, Faridabad. The contract is for a period of 2 years from handing over the site. Valuation Update With 7 Day Price Move • Jan 06
Investor sentiment deteriorated over the past week After last week's 15% share price decline to ₹46.25, the stock is trading at a trailing P/E ratio of 7.3x, down from the previous P/E ratio of 8.6x. This compares to an average P/E of 26x in the Professional Services industry in India. Total return to shareholders over the past three years is a loss of 54%. Valuation Update With 7 Day Price Move • Dec 30
Investor sentiment improved over the past week After last week's 33% share price gain to ₹54.45, the stock is trading at a trailing P/E ratio of 8.6x, up from the previous P/E ratio of 6.5x. This compares to an average P/E of 26x in the Professional Services industry in India. Total return to shareholders over the past three years is a loss of 45%. Is New 90 Day High Low • Dec 16
New 90-day high: ₹44.05 The company is up 19% from its price of ₹37.10 on 16 September 2020. The Indian market is up 16% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Professional Services industry, which is up 10.0% over the same period. Announcement • Sep 17
Aarvi Encon Wins Work Orders of Approx INR 224.9 Million from Vedanta Ltd Aarvi Encon wins the following work orders from Vedanta Ltd. The said work orders considered material in the opinion of the authorized key managerial personnel for determining the materiality of an event or disclosures as per the SEBI Regulation, 2015. The company has received a contract of INR 224,919,776 for Provision of Safety Management Services at Rajasthan from Vedanta Ltd. for their oil & gas operations in the Rajasthan block. The contract is for a period of 3 years and the Company will commence the work by providing Safety Supervisors with effect from September 01, 2020 on call out basis. This Contract shall be performed on a call-out basis pursuant to a Call-Out Order issued by Vedanta Ltd. during the Primary Term and the Company shall provide the Services in accordance with such Callout Orders and the provisions of the Letter of Award. 
