Low PE stock jumps 16.52% after this manpower supply services company bags orders worth Rs 33,50,80,795
DSIJ Intelligence-1 / 29 Aug 2025/ Categories: Mindshare, Trending
The stock is up over 50 per cent from its 52-week low of Rs 88 per share.
Aarvi Encon Limited, a company specialising in manpower supply services, has secured two new domestic orders with a total approximate value of Rs 33,50,80,795. The first order, valued at Rs 9,50,80,795, is from a leading fertiliser manufacturer for mechanical maintenance work. This two-year contract, which started on August 29, 2025, is for miscellaneous maintenance tasks at a manufacturing plant and can be extended for up to three months. The second order is for the supply of technical manpower on an outsourcing basis.
This three-year, open-ended contract, effective from September 1, 2025, is for providing technical staff to various project sites and offices across India. The total value of this second order is estimated to be approximately Rs 24,00,00,000, based on actual manpower deployment over the contract period. Both orders are from domestic clients with whom the company has signed non-disclosure agreements.
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.
DSIJ’s ‘Micro Marvel' service recommends micro-cap stocks with the potential to grow multifold in long run. If this interests you, do download the service details here.
The company has a market cap of Rs 192 crore with a PE of 16x whereas the industry PE is 23x. The stock is up over 50 per cent from its 52-week low of Rs 88 per share. On Friday, shares of Aarvi Encon Ltd jumped 16.52 per cent to an multibagger-solar-stock-jumps-as-board-is-likely-to-announce-stock-split-scrip-trades-at-high-roe-high-roce-id001-52018">intraday high of Rs 135.99 per share.
Disclaimer: The article is for informational purposes only and not investment advice.