Low PE & high ROCE multibagger stock: This micro-cap company bags new orders worth Rs 1,73,48,86,095
The company has been maintaining a healthy dividend payout of 23.6 per cent.
Today, shares of Aarvi Encon Limited jumped by 12.37 per cent to Rs 149 per share from its previous closing of Rs 133.44. The stock traded at an intraday high of Rs 160.12 and an intraday low of Rs 146.56.
Aarvi Encon Limited has been awarded the work Contract worth Rs 1,73,48,86,095 on 30th September 2024 only for supplying competent Engineers, Technical and other Human Resources on contract to different project sites and offices in India as well as overseas, whenever required for a duration of three years w.e.f. from October 01st, 2024 from one of the Leading Indian PSU Engineering Consultancy and Project Management Company
Order book: As of July,24, the company has an order book of Rs 650 crore. to be executed in the next 18 - 24 months.
In Q1Fy25 company onboarded 15 new clients and opened a new branch office in Hyderabad. It has also signed a 7-year maintenance contract for Trichy Airport.
Incorporated in 1987, Aarvi is India’s leading technical staffing company, which specializes in providing expert engineering staffing solutions. Talking about the financials, Vascon Engineers has a market cap of Rs 220 crore. The company has been maintaining a healthy dividend payout of 23.6 per cent.
The shares of the company have a PE of 20.6x whereas the industry PE is 32.6x. The stock gave returns of 16.33 per cent in just 1 year and multibagger returns of 450 per cent in 5 years. Investors should keep an eye on this micro-cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.