Low PE stock: Manpower supply services company bags new order worth Rs 9,36,61,851 for green PVC project

DSIJ Intelligence-1 / 15 Jul 2025/ Categories: Mindshare, Trending

Low PE stock: Manpower supply services company bags new order worth Rs 9,36,61,851 for green PVC project

The stock is up by 27.25 per cent from its 52-week low is Rs 88 per share.

Aarvi Encon Limited has secured a work contract from a leading Indian infrastructure company, effective July 14, 2025, with potential for extension by mutual consent. This domestic order, valued at Rs 9,36,61,851, involves the supply of technical and non-technical manpower on an outsourcing basis for a Green PVC Project located in India. The contract for these manpower supply services is set to run until March 31, 2026. Due to a Non-Disclosure Agreement, the name of the awarding entity remains confidential.

Earlier, the company received a manpower supply contract valued at Rs 6,30,01,800 (inclusive of GST) from one of India's largest and most diversified conglomerates. 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.

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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 Rs 158 crore with a PE of 16x whereas the industry PE is 23x. The stock is up by 27.25 per cent from its 52-week low is Rs 88 per share.

Disclaimer: The article is for informational purposes only and not investment advice.