Low PE Stock: Manpower Supply Services Company Bags New Orders Worth Rs 30,67,59,231
The stock is up by 24.43 per cent from its 52-week low is Rs 113 per share.
On Friday, shares of Aarvi Encon Ltd surged 1.03 per cent to Rs 109.50 per share with an intraday high of Rs 110.98 and an intraday low of Rs 108.45. The stock’s 52-week high is Rs 168 and its 52-week low is Rs 88.
Aarvi Encon Limited has secured new orders totalling Rs 30,67,59,231 for manpower supply services. The first order, valued at Rs 8.13 crore (inclusive of GST), was awarded by a leading multinational EPC company in India. This contract involves supplying manpower on an outsourcing basis to various project sites and offices across India as required, for a duration of one year, effective from July 1, 2025, to July 31, 2026. The name of the awarding entity remains confidential due to a Non-Disclosure Agreement.
The second order, also for manpower supply services, is valued at Rs 22.53 crore and was awarded by another prominent multinational EPC company in India. This contract, which commenced on June 3, 2025 and extends until June 4, 2027, requires Aarvi Encon Limited to provide outsourced manpower to various project sites and offices nationwide. Similar to the first order, the identity of the awarding domestic entity is confidential. Both contracts underscore Aarvi Encon Limited's role in providing essential staffing solutions within the Indian market.
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About the Company
Aarvi Encon Ltd., established in 1987, is India's leading technical staffing company, specialising in engineering staffing solutions. An ISO 9001:2015 certified company with a CRISIL SME-1 rating, Aarvi Encon provides engineering and manpower outsourcing services globally. They supply engineers, designers and technicians for all project phases, from conceptualisation to maintenance and can also mobilise staff for short-term shutdowns. The company maintains an extensive resume database and offers services including project management, construction supervision, inspection, pre-commissioning, commissioning assistance and O&M.
The company has a market cap of over Rs 160 crore with a PE of 16x whereas the industry PE is 23x. The stock is up by 24.43 per cent from its 52-week low is Rs 113 per share.
Disclaimer: The article is for informational purposes only and not investment advice.