{"id":299511,"date":"2026-10-09T16:51:57","date_gmt":"2026-10-09T11:21:57","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/?p=299511"},"modified":"2026-10-09T16:51:57","modified_gmt":"2026-10-09T11:21:57","slug":"aarvi-encon-share-price-target-2027","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/aarvi-encon-share-price-target-2027\/","title":{"rendered":"Aarvi Encon Share Price Target 2027: Base and Bull Targets Built on FY26 Earnings"},"content":{"rendered":"<p style=\"border-left:4px solid #1F4E79;background:#EBF3FB;padding:10px 16px;font-style:italic;\"><em>Aarvi Encon share price Rs 140.37 (9 October 2026). Base target Rs 167, bull Rs 200, downside risk Rs 111. PE 10.65. 52W range Rs 115.99 to Rs 168.40.<\/em><\/p>\n<div style=\"background:#F0F9FF;border-left:4px solid #2E7D32;border-radius:6px;padding:14px 18px;margin:18px 0;\">\n<p style=\"margin:0;color:#1F4E79;font-size:14px;\"><strong>Quick Answer<\/strong><\/p>\n<p style=\"margin:8px 0 0;\">The Aarvi Encon share price target for 2027 is Rs 167, about 19.0% above the current price of Rs 140.37. The bull case is Rs 200, and the downside risk level, which is not a target, is Rs 111. The base case assumes earnings per share grow 20.0% a year, a cap applied because the FY24 to FY26 pace was 24.6%, with the stock holding its PE of 10.65. These are model-based estimates built from reported financials, not guaranteed outcomes.<\/p>\n<\/p><\/div>\n<p>Investors weighing an Aarvi Encon target price for 2027 should start with where the stock sits today. At Rs 140.37 on 9 October 2026, it is 16.6% below its 52-week high of Rs 168.40 and 21.0% above its 52-week low of Rs 115.99. That range spans 45% from low to high, so the entry point matters as much as the Aarvi Encon price forecast itself.<\/p>\n<p>This article builds the Aarvi Encon share price target from reported numbers only: five years of annual results, the last five quarters, the latest shareholding pattern and current valuation ratios from company filings and exchange data. Each scenario shows its assumptions, so you can see exactly how the Rs 167 base case and the Rs 200 bull case were reached, along with a downside risk level of Rs 111.<\/p>\n<p style=\"margin-top:24px;\"><a href=\"https:\/\/univest.in\/user\/log-in?utm_source=blogs&amp;utm_medium=aarvi-encon-share-price-target-2027\"><strong>Click Here &#8211; Get Free Investment Predictions<\/strong><\/a><\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_65 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/univest.in\/blogs-2\/aarvi-encon-share-price-target-2027\/#Aarvi_Encon_Stock_Analysis_Company_Overview_and_Key_Stats\" title=\"Aarvi Encon Stock Analysis: Company Overview and Key Stats\">Aarvi Encon Stock Analysis: Company Overview and Key Stats<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/univest.in\/blogs-2\/aarvi-encon-share-price-target-2027\/#Why_Is_Aarvi_Encon_Share_Price_Target_Set_at_Rs_167_for_2027\" title=\"Why Is Aarvi Encon Share Price Target Set at Rs 167 for 2027?\">Why Is Aarvi Encon Share Price Target Set at Rs 167 for 2027?<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/univest.in\/blogs-2\/aarvi-encon-share-price-target-2027\/#Earnings_Growth_Behind_the_Aarvi_Encon_Target_Price_Five_Years_of_Results\" title=\"Earnings Growth Behind the Aarvi Encon Target Price: Five Years of Results\">Earnings Growth Behind the Aarvi Encon Target Price: Five Years of Results<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/univest.in\/blogs-2\/aarvi-encon-share-price-target-2027\/#Margins_and_the_Latest_Quarter\" title=\"Margins and the Latest Quarter\">Margins and the Latest Quarter<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/univest.in\/blogs-2\/aarvi-encon-share-price-target-2027\/#Balance_Sheet_and_Cash_Flow\" title=\"Balance Sheet and Cash Flow\">Balance Sheet and Cash Flow<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/univest.in\/blogs-2\/aarvi-encon-share-price-target-2027\/#Valuation_Check_for_the_Aarvi_Encon_Stock_Target_PE_Price_to_Book_and_ROE\" title=\"Valuation Check for the Aarvi Encon Stock Target: PE, Price to Book and ROE\">Valuation Check for the Aarvi Encon Stock Target: PE, Price to Book and ROE<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/univest.in\/blogs-2\/aarvi-encon-share-price-target-2027\/#Shareholding_Pattern_and_Institutional_Holding\" title=\"Shareholding Pattern and Institutional Holding\">Shareholding Pattern and Institutional Holding<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/univest.in\/blogs-2\/aarvi-encon-share-price-target-2027\/#Aarvi_Encon_Share_Price_Targets_for_the_Short_Term_and_12_Months\" title=\"Aarvi Encon Share Price Targets for the Short Term and 12 Months\">Aarvi Encon Share Price Targets for the Short Term and 12 Months<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/univest.in\/blogs-2\/aarvi-encon-share-price-target-2027\/#Short_Term_Aarvi_Encon_Stock_Target_Levels_Technical_Setup\" title=\"Short Term Aarvi Encon Stock Target Levels: Technical Setup\">Short Term Aarvi Encon Stock Target Levels: Technical Setup<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/univest.in\/blogs-2\/aarvi-encon-share-price-target-2027\/#12_Month_Aarvi_Encon_Target_Price_for_2027\" title=\"12 Month Aarvi Encon Target Price for 2027\">12 Month Aarvi Encon Target Price for 2027<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/univest.in\/blogs-2\/aarvi-encon-share-price-target-2027\/#How_EPS_Growth_and_PE_Multiple_Change_the_Aarvi_Encon_Target_Price\" title=\"How EPS Growth and PE Multiple Change the Aarvi Encon Target Price\">How EPS Growth and PE Multiple Change the Aarvi Encon Target Price<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/univest.in\/blogs-2\/aarvi-encon-share-price-target-2027\/#Bull_Case_and_Downside_Risk_for_Aarvi_Encon_Stock_Target_in_2027\" title=\"Bull Case and Downside Risk for Aarvi Encon Stock Target in 2027\">Bull Case and Downside Risk for Aarvi Encon Stock Target in 2027<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/univest.in\/blogs-2\/aarvi-encon-share-price-target-2027\/#Bull_Case_Rs_200\" title=\"Bull Case Rs 200\">Bull Case Rs 200<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/univest.in\/blogs-2\/aarvi-encon-share-price-target-2027\/#Downside_Risk_Level_Rs_111\" title=\"Downside Risk Level Rs 111\">Downside Risk Level Rs 111<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/univest.in\/blogs-2\/aarvi-encon-share-price-target-2027\/#Key_Risks_to_the_Aarvi_Encon_Target_Price_for_2027\" title=\"Key Risks to the Aarvi Encon Target Price for 2027\">Key Risks to the Aarvi Encon Target Price for 2027<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-16\" href=\"https:\/\/univest.in\/blogs-2\/aarvi-encon-share-price-target-2027\/#Growth_Slowdown_Risk_for_the_Aarvi_Encon_Price_Target\" title=\"Growth Slowdown Risk for the Aarvi Encon Price Target\">Growth Slowdown Risk for the Aarvi Encon Price Target<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-17\" href=\"https:\/\/univest.in\/blogs-2\/aarvi-encon-share-price-target-2027\/#Liquidity_and_Size_Risk\" title=\"Liquidity and Size Risk\">Liquidity and Size Risk<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-18\" href=\"https:\/\/univest.in\/blogs-2\/aarvi-encon-share-price-target-2027\/#Valuation_and_Margin_Risk\" title=\"Valuation and Margin Risk\">Valuation and Margin Risk<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-19\" href=\"https:\/\/univest.in\/blogs-2\/aarvi-encon-share-price-target-2027\/#Market_and_Technical_Risk\" title=\"Market and Technical Risk\">Market and Technical Risk<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-20\" href=\"https:\/\/univest.in\/blogs-2\/aarvi-encon-share-price-target-2027\/#How_to_Invest_in_Aarvi_Encon\" title=\"How to Invest in Aarvi Encon\">How to Invest in Aarvi Encon<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-21\" href=\"https:\/\/univest.in\/blogs-2\/aarvi-encon-share-price-target-2027\/#Conclusion\" title=\"Conclusion\">Conclusion<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-22\" href=\"https:\/\/univest.in\/blogs-2\/aarvi-encon-share-price-target-2027\/#FAQs_on_Aarvi_Encon_Share_Price_Target_2027\" title=\"FAQs on Aarvi Encon Share Price Target 2027\">FAQs on Aarvi Encon Share Price Target 2027<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-23\" href=\"https:\/\/univest.in\/blogs-2\/aarvi-encon-share-price-target-2027\/#What_is_the_Aarvi_Encon_share_price_target_for_2027\" title=\"What is the Aarvi Encon share price target for 2027?\">What is the Aarvi Encon share price target for 2027?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-24\" href=\"https:\/\/univest.in\/blogs-2\/aarvi-encon-share-price-target-2027\/#What_is_the_Aarvi_Encon_share_price_today\" title=\"What is the Aarvi Encon share price today?\">What is the Aarvi Encon share price today?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-25\" href=\"https:\/\/univest.in\/blogs-2\/aarvi-encon-share-price-target-2027\/#Is_Aarvi_Encon_a_buy_or_sell_at_the_current_price\" title=\"Is Aarvi Encon a buy or sell at the current price?\">Is Aarvi Encon a buy or sell at the current price?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-26\" href=\"https:\/\/univest.in\/blogs-2\/aarvi-encon-share-price-target-2027\/#What_are_the_bull_case_target_and_downside_risk_level_for_Aarvi_Encon_shares\" title=\"What are the bull case target and downside risk level for Aarvi Encon shares?\">What are the bull case target and downside risk level for Aarvi Encon shares?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-27\" href=\"https:\/\/univest.in\/blogs-2\/aarvi-encon-share-price-target-2027\/#What_are_the_main_risks_to_the_Aarvi_Encon_price_target\" title=\"What are the main risks to the Aarvi Encon price target?\">What are the main risks to the Aarvi Encon price target?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-28\" href=\"https:\/\/univest.in\/blogs-2\/aarvi-encon-share-price-target-2027\/#What_is_the_PE_ratio_of_Aarvi_Encon_and_how_does_it_compare_with_the_industry\" title=\"What is the PE ratio of Aarvi Encon and how does it compare with the industry?\">What is the PE ratio of Aarvi Encon and how does it compare with the industry?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-29\" href=\"https:\/\/univest.in\/blogs-2\/aarvi-encon-share-price-target-2027\/#Who_owns_Aarvi_Encon_and_what_is_the_promoter_holding\" title=\"Who owns Aarvi Encon, and what is the promoter holding?\">Who owns Aarvi Encon, and what is the promoter holding?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-30\" href=\"https:\/\/univest.in\/blogs-2\/aarvi-encon-share-price-target-2027\/#What_were_Aarvi_Encons_latest_quarterly_results\" title=\"What were Aarvi Encon&#8217;s latest quarterly results?\">What were Aarvi Encon&#8217;s latest quarterly results?<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Aarvi_Encon_Stock_Analysis_Company_Overview_and_Key_Stats\"><\/span><strong>Aarvi Encon Stock Analysis: Company Overview and Key Stats<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Aarvi Encon (NSE: AARVI) has a market capitalisation of Rs 206 crore. In FY26 it reported revenue of Rs 652.10 crore and net profit of Rs 17.62 crore. The table collects the figures the Aarvi Encon share price target is built on.<\/p>\n<table style=\"border-collapse:collapse;width:100%;\" border=\"1\" cellpadding=\"8\">\n<tr>\n<th>Metric<\/th>\n<th>Value<\/th>\n<\/tr>\n<tr>\n<td>Company<\/td>\n<td><a href=\"https:\/\/univest.in\/stocks\/aarvi\/aarvi-encon-ltd-share-price-today\">Aarvi Encon<\/a><\/td>\n<\/tr>\n<tr>\n<td>NSE Ticker<\/td>\n<td>AARVI<\/td>\n<\/tr>\n<tr>\n<td>CMP (9 October 2026)<\/td>\n<td>Rs 140.37<\/td>\n<\/tr>\n<tr>\n<td>52-Week High<\/td>\n<td>Rs 168.40<\/td>\n<\/tr>\n<tr>\n<td>52-Week Low<\/td>\n<td>Rs 115.99<\/td>\n<\/tr>\n<tr>\n<td>Market Cap<\/td>\n<td>Rs 206 crore<\/td>\n<\/tr>\n<tr>\n<td>PE Ratio (TTM)<\/td>\n<td>10.65<\/td>\n<\/tr>\n<tr>\n<td>Industry PE<\/td>\n<td>36.93<\/td>\n<\/tr>\n<tr>\n<td>Price to Book<\/td>\n<td>1.47<\/td>\n<\/tr>\n<tr>\n<td>Return on Equity<\/td>\n<td>12.40%<\/td>\n<\/tr>\n<tr>\n<td>Debt to Equity<\/td>\n<td>0.19<\/td>\n<\/tr>\n<tr>\n<td>EPS (TTM)<\/td>\n<td>Rs 13.06<\/td>\n<\/tr>\n<tr>\n<td>Dividend Yield<\/td>\n<td>1.43%<\/td>\n<\/tr>\n<tr>\n<td>12-Month Base Target<\/td>\n<td>Rs 167<\/td>\n<\/tr>\n<tr>\n<td>Bull Case<\/td>\n<td>Rs 200<\/td>\n<\/tr>\n<tr>\n<td>Downside Risk Level (not a target)<\/td>\n<td>Rs 111<\/td>\n<\/tr>\n<\/table>\n<h2><span class=\"ez-toc-section\" id=\"Why_Is_Aarvi_Encon_Share_Price_Target_Set_at_Rs_167_for_2027\"><\/span><strong>Why Is Aarvi Encon Share Price Target Set at Rs 167 for 2027?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The base-case Aarvi Encon stock target of Rs 167 applies a PE multiple of 10.65 to a forward EPS estimate of Rs 15.67. That EPS assumes 20.0% yearly growth, the pace from FY24 to FY26, and puts the target 19.0% above the current price. The bull case adds faster earnings growth and a higher multiple, while the downside risk level assumes flat earnings and a lower multiple.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Earnings_Growth_Behind_the_Aarvi_Encon_Target_Price_Five_Years_of_Results\"><\/span><strong>Earnings Growth Behind the Aarvi Encon Target Price: Five Years of Results<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Aarvi Encon grew revenue from Rs 289.73 crore in FY22 to Rs 652.10 crore in FY26, a compound annual growth rate of 22.5%. Net profit grew more slowly, from Rs 12.07 crore to Rs 17.62 crore (9.9% a year), which points to margin pressure alongside the sales growth.<\/p>\n<table style=\"border-collapse:collapse;width:100%;\" border=\"1\" cellpadding=\"8\">\n<tr>\n<th>Financial Year<\/th>\n<th>Revenue (Rs Cr)<\/th>\n<th>Net Profit (Rs Cr)<\/th>\n<th>EPS (Rs)<\/th>\n<th>Dividend per Share (Rs)<\/th>\n<\/tr>\n<tr>\n<td>FY22<\/td>\n<td>289.73<\/td>\n<td>12.07<\/td>\n<td>8.16<\/td>\n<td>2.00<\/td>\n<\/tr>\n<tr>\n<td>FY23<\/td>\n<td>437.84<\/td>\n<td>14.51<\/td>\n<td>9.82<\/td>\n<td>2.00<\/td>\n<\/tr>\n<tr>\n<td>FY24<\/td>\n<td>408.47<\/td>\n<td>11.34<\/td>\n<td>7.60<\/td>\n<td>2.00<\/td>\n<\/tr>\n<tr>\n<td>FY25<\/td>\n<td>512.86<\/td>\n<td>10.04<\/td>\n<td>6.73<\/td>\n<td>2.00<\/td>\n<\/tr>\n<tr>\n<td>FY26<\/td>\n<td>652.10<\/td>\n<td>17.62<\/td>\n<td>11.79<\/td>\n<td>2.00<\/td>\n<\/tr>\n<\/table>\n<p>FY26 revenue growth was 27.1%, faster than the four-year average of 22.5%, and net profit moved up 75.5%. EPS rose from Rs 7.60 in FY24 to Rs 11.79 in FY26. The FY27 outlook depends on whether that EPS estimate keeps compounding.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Margins_and_the_Latest_Quarter\"><\/span><strong>Margins and the Latest Quarter<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Aarvi Encon converted 2.7% of FY26 revenue into net profit, against 2.0% in FY25, within a five-year range of 2.0% to 4.2%. EBITDA margin was 3.8% in FY26 versus 3.1% in FY25.<\/p>\n<p>In the June 2026 quarter, revenue was Rs 175.70 crore, up 15.6% from the same quarter a year earlier, while net profit of Rs 5.99 crore was up 41.9%. EBITDA came in at Rs 7.50 crore, up 33.7% year on year. The next quarterly result is the first test of whether the earnings assumption holds.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Balance_Sheet_and_Cash_Flow\"><\/span><strong>Balance Sheet and Cash Flow<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Debt to equity stands at 0.19, and shareholders&#8217; equity grew from Rs 94.69 crore in FY22 to Rs 142.07 crore in FY26. Operating cash flow in FY26 was Rs 8.05 crore against capital expenditure of Rs 1.20 crore, leaving free cash flow of Rs 6.85 crore, or 3.3% of the current market capitalisation. In FY25 free cash flow was negative at Rs 12.30 crore, so cash generation has not been steady year to year.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Valuation_Check_for_the_Aarvi_Encon_Stock_Target_PE_Price_to_Book_and_ROE\"><\/span><strong>Valuation Check for the Aarvi Encon Stock Target: PE, Price to Book and ROE<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>At a PE of 10.65 against an industry PE of 36.93, Aarvi Encon trades at a discount to its industry. Price to book is 1.47 on a book value of Rs 94.71 per share, and return on equity is 12.40%. A PE of 10.65 equals an earnings yield of 9.4%, and the FY26 dividend of Rs 2.00 per share gives a yield of 1.43%.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Shareholding_Pattern_and_Institutional_Holding\"><\/span><strong>Shareholding Pattern and Institutional Holding<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Promoters held 73.36% of Aarvi Encon in June 2026, and promoter holding has stayed near 73.36% since June 2025. Foreign institutional investors (FII) held 0.00% and domestic institutions (DII) held 0.00%, which puts total institutional holding at 0.00%. FII holding has stayed near 0.00% since June 2025. Public shareholders own the remaining 26.64%. Institutional holding this low means the stock sees limited professional coverage, and price moves can be sharper when trading volumes are thin.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Aarvi_Encon_Share_Price_Targets_for_the_Short_Term_and_12_Months\"><\/span><strong>Aarvi Encon Share Price Targets for the Short Term and 12 Months<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"Short_Term_Aarvi_Encon_Stock_Target_Levels_Technical_Setup\"><\/span><strong>Short Term Aarvi Encon Stock Target Levels: Technical Setup<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>At Rs 140.37 on 9 October 2026, Aarvi Encon trades below its 50-day simple moving average of Rs 145.59 and above its 200-day exponential moving average of Rs 137.24. The 14-day RSI reads 50.9, which is neutral territory, and the MACD line sits above its signal line. The nearest resistance level is Rs 145.59 (50-day simple moving average) and the nearest support is Rs 137.24 (200-day exponential moving average). A sustained move above Rs 145.59 would improve the short-term setup, while a close below Rs 137.24 would shift attention to the next support.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"12_Month_Aarvi_Encon_Target_Price_for_2027\"><\/span><strong>12 Month Aarvi Encon Target Price for 2027<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>The 12-month target for Aarvi Encon is Rs 167: forward EPS of Rs 15.67 at a PE of 10.65. That is 19.0% above Rs 140.37. It would still leave the stock 0.8% below its 52-week high of Rs 168.40.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"How_EPS_Growth_and_PE_Multiple_Change_the_Aarvi_Encon_Target_Price\"><\/span><strong>How EPS Growth and PE Multiple Change the Aarvi Encon Target Price<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<table style=\"border-collapse:collapse;width:100%;\" border=\"1\" cellpadding=\"8\">\n<tr>\n<th>EPS Growth<\/th>\n<th>PE 8.52<\/th>\n<th>PE 10.65<\/th>\n<th>PE 12.25<\/th>\n<\/tr>\n<tr>\n<td>0.0% (EPS Rs 13.06)<\/td>\n<td>Rs 111<\/td>\n<td>Rs 139<\/td>\n<td>Rs 160<\/td>\n<\/tr>\n<tr>\n<td>20.0% (EPS Rs 15.67)<\/td>\n<td>Rs 134<\/td>\n<td>Rs 167<\/td>\n<td>Rs 192<\/td>\n<\/tr>\n<tr>\n<td>25.0% (EPS Rs 16.32)<\/td>\n<td>Rs 139<\/td>\n<td>Rs 174<\/td>\n<td>Rs 200<\/td>\n<\/tr>\n<\/table>\n<p>Each cell multiplies the forward EPS estimate by the PE shown. Reading across a row shows what a de-rating or re-rating does to the Aarvi Encon price forecast, and reading down a column shows what earnings growth is worth at a fixed multiple.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Bull_Case_and_Downside_Risk_for_Aarvi_Encon_Stock_Target_in_2027\"><\/span><strong>Bull Case and Downside Risk for Aarvi Encon Stock Target in 2027<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"Bull_Case_Rs_200\"><\/span><strong>Bull Case Rs 200<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>The bull case Aarvi Encon price target needs EPS growth of 25.0%, which lifts forward EPS to Rs 16.32, and a PE multiple that rises 15% to 12.25. That gives Rs 200, 42.5% above the current price and above the 52-week high of Rs 168.40, so the stock would have to set a fresh 52-week high.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Downside_Risk_Level_Rs_111\"><\/span><strong>Downside Risk Level Rs 111<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>The downside risk level is not a target. It assumes EPS stays flat at Rs 13.06 and the PE falls 20% to 8.52. That gives Rs 111, 20.9% below the current price and below the 52-week low of Rs 115.99.<\/p>\n<table style=\"border-collapse:collapse;width:100%;\" border=\"1\" cellpadding=\"8\">\n<tr>\n<th>Scenario<\/th>\n<th>EPS Growth<\/th>\n<th>PE Multiple<\/th>\n<th>Price (Rs)<\/th>\n<th>Change vs CMP<\/th>\n<\/tr>\n<tr>\n<td>Bull Case<\/td>\n<td>25.0%<\/td>\n<td>12.25<\/td>\n<td>Rs 200<\/td>\n<td>+42.5%<\/td>\n<\/tr>\n<tr>\n<td>Base Case<\/td>\n<td>20.0%<\/td>\n<td>10.65<\/td>\n<td>Rs 167<\/td>\n<td>+19.0%<\/td>\n<\/tr>\n<tr>\n<td>Downside Risk<\/td>\n<td>0.0%<\/td>\n<td>8.52<\/td>\n<td>Rs 111<\/td>\n<td>-20.9%<\/td>\n<\/tr>\n<\/table>\n<h2><span class=\"ez-toc-section\" id=\"Key_Risks_to_the_Aarvi_Encon_Target_Price_for_2027\"><\/span><strong>Key Risks to the Aarvi Encon Target Price for 2027<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"Growth_Slowdown_Risk_for_the_Aarvi_Encon_Price_Target\"><\/span><strong>Growth Slowdown Risk for the Aarvi Encon Price Target<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Revenue in the June 2026 quarter was up 15.6% year on year, and FY26 revenue growth was 27.1%. If growth slows from here, the EPS estimate behind the Aarvi Encon stock target will need revising.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Liquidity_and_Size_Risk\"><\/span><strong>Liquidity and Size Risk<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Aarvi Encon has a market capitalisation of Rs 206 crore. Institutional holding is 0.00%, and promoters hold 73.36%. Stocks of this size can move sharply on small volumes, and exits can take longer than entries.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Valuation_and_Margin_Risk\"><\/span><strong>Valuation and Margin Risk<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Net margin was 2.7% in FY26, so a small slip in costs moves profit noticeably. At a PE of 10.65 versus an industry PE of 36.93, a de-rating toward the downside-risk PE of 8.52 would cut the price even if earnings hold.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Market_and_Technical_Risk\"><\/span><strong>Market and Technical Risk<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>The stock trades 16.6% below its 52-week high, with an RSI of 50.9 and a MACD reading above its signal line. Broader market weakness can override company fundamentals in the short term.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"How_to_Invest_in_Aarvi_Encon\"><\/span><strong>How to Invest in Aarvi Encon<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Start with the live price and volume. Any Aarvi Encon share price target is only as current as the data behind it, and the data here is as of 9 October 2026, so refresh the Rs 140.37 price before acting on any level.<\/p>\n<p>Next, review the fundamentals yourself. The Univest Screener lets you check Aarvi Encon&#8217;s PE, ROE, debt and shareholding in one place.<\/p>\n<p style=\"margin-top:24px;\"><a href=\"https:\/\/univest.in\/screeners\"><strong>Check Aarvi Encon fundamentals on the Univest Screener<\/strong><\/a><\/p>\n<p>Then compare the three Aarvi Encon target price scenarios with your own view. If you expect EPS growth below 20.0%, the base case is too optimistic for you; if you expect more, the bull case deserves weight.<\/p>\n<p>Decide your position size and exit levels before you buy. The support and resistance levels above can serve as reference points, but they are not recommendations.<\/p>\n<p>Finally, place the order through a SEBI-registered broker or the Univest app, and review the position after each quarterly result. Consult a SEBI-registered advisor if you are unsure.<\/p>\n<p style=\"margin-top:24px;\"><em>Download the <a href=\"http:\/\/apps.apple.com\/in\/app\/univest-stocks-investment\/id6443753518\" rel=\"nofollow noopener\" target=\"_blank\">Univest iOS App<\/a> or <a href=\"http:\/\/play.google.com\/store\/apps\/details?id=com.univest.capp&#038;hl=en_IN\" rel=\"nofollow noopener\" target=\"_blank\">Univest Android App<\/a> to track Aarvi Encon live price and get daily stock recommendations.<\/em><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Conclusion\"><\/span><strong>Conclusion<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The Aarvi Encon share price target for 2027 is Rs 167 in the base case, with Rs 200 as the bull case. The support for that view is arithmetic you can check: EPS grew 24.6% a year over FY24 to FY26, and the stock trades at a PE of 10.65. The risks are equally concrete, including institutional holding of only 0.00% and a downside scenario that cuts the price 21% if earnings stall. Use these numbers as a framework, check them against the latest filings, and size any position to your own risk appetite.<\/p>\n<div style=\"background:#CC0000;border-radius:8px;padding:16px 20px;margin:24px 0;\">\n<p style=\"color:#FFFFFF;font-size:13px;line-height:1.7;margin:0;\"><strong style=\"color:#FFFFFF;\">Disclaimer:<\/strong> Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).<\/p>\n<\/p><\/div>\n<h2><span class=\"ez-toc-section\" id=\"FAQs_on_Aarvi_Encon_Share_Price_Target_2027\"><\/span><strong>FAQs on Aarvi Encon Share Price Target 2027<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"What_is_the_Aarvi_Encon_share_price_target_for_2027\"><\/span><strong>What is the Aarvi Encon share price target for 2027?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The base-case Aarvi Encon share price target for 2027 is Rs 167, with Rs 200 as the bull case. The downside risk level, which is not a target, is Rs 111. These are model estimates from reported earnings and the current PE, not guaranteed outcomes.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_is_the_Aarvi_Encon_share_price_today\"><\/span><strong>What is the Aarvi Encon share price today?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> As of 9 October 2026, 12:52 PM IST, Aarvi Encon trades at Rs 140.37, up 1.53% on the day. The 52-week range is Rs 115.99 to Rs 168.40.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Is_Aarvi_Encon_a_buy_or_sell_at_the_current_price\"><\/span><strong>Is Aarvi Encon a buy or sell at the current price?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The data is mixed rather than one-sided: EPS has grown 24.6% a year over FY24 to FY26, but institutional holding is only 0.00%. Whether Aarvi Encon fits your portfolio depends on your time horizon and risk appetite, so consult a SEBI-registered advisor before investing. This article is not investment advice.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_are_the_bull_case_target_and_downside_risk_level_for_Aarvi_Encon_shares\"><\/span><strong>What are the bull case target and downside risk level for Aarvi Encon shares?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The bull case target is Rs 200, which assumes 25.0% EPS growth and a PE of 12.25. The downside risk level is Rs 111, which assumes flat EPS and a PE of 8.52. It marks a risk, not a target.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_are_the_main_risks_to_the_Aarvi_Encon_price_target\"><\/span><strong>What are the main risks to the Aarvi Encon price target?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The main risks are slower revenue growth, a small market capitalisation of Rs 206 crore, a PE de-rating and short-term weakness in the broader market. Institutional holding is only 0.00%, which can make price moves sharper.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_is_the_PE_ratio_of_Aarvi_Encon_and_how_does_it_compare_with_the_industry\"><\/span><strong>What is the PE ratio of Aarvi Encon and how does it compare with the industry?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The PE ratio of Aarvi Encon is 10.65 against an industry PE of 36.93. Price to book is 1.47 and return on equity is 12.40%. The base case in the Aarvi Encon price target holds this PE constant.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Who_owns_Aarvi_Encon_and_what_is_the_promoter_holding\"><\/span><strong>Who owns Aarvi Encon, and what is the promoter holding?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Promoters held 73.36% of Aarvi Encon in June 2026. FII held 0.00%, DII held 0.00% and the public held 26.64%.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_were_Aarvi_Encons_latest_quarterly_results\"><\/span><strong>What were Aarvi Encon&#8217;s latest quarterly results?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> In the June 2026 quarter, Aarvi Encon reported revenue of Rs 175.70 crore (up 15.6% year on year) and net profit of Rs 5.99 crore (up 41.9%).<\/p>\n<p><script type=\"application\/ld+json\">{\"@context\":\"https:\/\/schema.org\",\"@type\":\"FAQPage\",\"mainEntity\":[{\"@type\":\"Question\",\"name\":\"What is the Aarvi Encon share price target for 2027?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"The base-case Aarvi Encon share price target for 2027 is Rs 167, with Rs 200 as the bull case. The downside risk level, which is not a target, is Rs 111. 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FII held 0.00%, DII held 0.00% and the public held 26.64%.\"}},{\"@type\":\"Question\",\"name\":\"What were Aarvi Encon's latest quarterly results?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"In the June 2026 quarter, Aarvi Encon reported revenue of Rs 175.70 crore (up 15.6% year on year) and net profit of Rs 5.99 crore (up 41.9%).\"}}]}<\/script><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Aarvi Encon share price target 2027: base Rs 167, bull Rs 200, downside risk level Rs 111, built from reported earnings, valuation and shareholding data.<\/p>\n","protected":false},"author":29,"featured_media":299510,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[24],"tags":[1019],"class_list":["post-299511","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-market","tag-stock-market"],"metadata":{"rank_math_internal_links_processed":["1"],"_thumbnail_id":["299510"],"rank_math_title":["Aarvi Encon Share Price Target 2027: Base and Bull Case"],"rank_math_description":["The Aarvi Encon share price target for 2027 is Rs 167 versus Rs 140.37 today. Bull case, downside risk, earnings trend and risks explained. October 2026."],"rank_math_focus_keyword":["Aarvi Encon share price target | Density Target: 1.2 to 1.5%"],"rank_math_robots":["a:2:{i:0;s:7:\"noindex\";i:1;s:8:\"nofollow\";}"]},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/univest.in\/blogs-2\/wp-content\/uploads\/2026\/10\/aarvi-encon-share-price-target-2027-base-and-bull-targets-built-on-fy26-earnings.webp","_links":{"self":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/299511","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/users\/29"}],"replies":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/comments?post=299511"}],"version-history":[{"count":1,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/299511\/revisions"}],"predecessor-version":[{"id":299512,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/299511\/revisions\/299512"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/media\/299510"}],"wp:attachment":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/media?parent=299511"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/categories?post=299511"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/tags?post=299511"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}