Low PE & high ROCE multibagger stock: This micro-cap company bags new orders worth Rs 168,34,88,682 from various clients!

The stock gave multibagger returns of 320 per cent in 3 years.

Today, shares of Aarvi Encon Ltd plunged 4.64 per cent to Rs 148.05 per share with an intraday high of Rs 155.25 and an intraday low of Rs 147. The stock’s 52-week high is Rs 197.85 and its 52-week low is Rs 100.50.

The company bags new orders worth Rs 168,34,88,682 from various clients. Here are the details:

Order No – 1: The company has been awarded a work contract worth Rs 43,77,99,874 only for recruitment services and supply of temporary staff for the project duration starting from January 1, 2024 to December 31, 2024 from one of the leading multinational engineering company.

Order No – 2: The company have received a letter of intent worth Rs 29,29,88,808 only (GST inclusive) for the hiring of services of field engineers for various pipeline locations of Hindustan Petroleum Corporation Limited (HPCL). The duration of the project is 2 years.

Order No – 3: Aarvi Encon FZE, UAE wholly-owned subsidiary of the company has received a revised work contract from of a large EPC company for manpower outsourcing services. The order is worth Rs 95,27,00,000 and will be completed by July 2025.

Aarvi Encon Limited operates as a manpower outsourcing company. The company employs in the areas of information technology, engineering, oil and gas, metal and mineral, LNG, fertilizers, telecommunication, petrochemicals, pipeline, infrastructure, renewable energy, cement, railways, and power sectors. Aarvi Encon serves customers worldwide.

The company has a market cap of Rs 220 crore with a PE of 19x and an ROE of 17.5 per cent. The stock gave multibagger returns of 320 per cent in 3 years. Investors should keep an eye on this micro-cap stock.

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