Low PE Stock: Manpower Supply Services Company Bags New Orders Worth Rs 6,30,01,800
The stock is up by 28.50 per cent from its 52-week low is Rs 88 per share.
On Friday, shares of Aarvi Encon Ltd surged 4.11 per cent to Rs 113.07 per share from its previous closing of Rs 108.60 per share. The stock’s 52-week high is Rs 168 and its 52-week low is Rs 88.
Aarvi Encon Limited has secured a significant manpower supply contract valued at Rs 6,30,01,800 (inclusive of GST) from one of India's largest and most diversified conglomerates. Awarded on June 23, 2025, this contract involves providing outsourced manpower for the operation and maintenance of a "Cell Factory" at various project sites and offices across India as needed. The agreement is for a duration of one year, effective from July 1, 2025, to July 31, 2026. The name of the awarding domestic entity remains confidential due to a Non-Disclosure Agreement.
Earlier, the company secured new orders for manpower supply services totalling Rs 30,67,59,231. The first order, valued at Rs 8.13 crore (inclusive of GST), is from a multinational EPC company for one year, effective July 1, 2025, to July 31, 2026. This contract involves supplying outsourced manpower to various project sites and offices across India. The second order, valued at Rs 22.53 crore, is from another multinational EPC company and commenced on June 3, 2025, extending until June 4, 2027, for similar outsourced manpower supply across India.
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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 28.50 per cent from its 52-week low is Rs 88 per share.
Disclaimer: The article is for informational purposes only and not investment advice.