AIA Engineering Ltd
AIA manufactures high-chrome grinding media, liners and diaphragms, collectively known as mill internals. These are used for crushing and grinding operations in the cement, power utility & aggregates and mining industries. [1]
- Market Cap ₹ 30,877 Cr.
- Current Price ₹ 3,274
- High / Low ₹ 4,950 / 3,005
- Stock P/E 29.8
- Book Value ₹ 678
- Dividend Yield 0.49 %
- ROCE 22.7 %
- ROE 18.3 %
- Face Value ₹ 2.00
Pros
- Company has reduced debt.
- Company is almost debt free.
- Company has delivered good profit growth of 18.7% CAGR over last 5 years
Cons
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Sector: Castings, Forgings & Fastners Industry: Castings & Forgings
Part of Nifty 500 BSE Industrials BSE 500 Nifty India Manufacturing BSE 150 MidCap Index
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
1,750 | 2,079 | 2,182 | 2,097 | 2,246 | 2,445 | 3,070 | 2,970 | 2,881 | 3,567 | 4,909 | 4,854 | 4,281 | |
1,437 | 1,573 | 1,593 | 1,484 | 1,607 | 1,906 | 2,406 | 2,285 | 2,220 | 2,841 | 3,663 | 3,513 | 3,136 | |
Operating Profit | 314 | 506 | 589 | 613 | 639 | 540 | 664 | 685 | 661 | 726 | 1,245 | 1,340 | 1,145 |
OPM % | 18% | 24% | 27% | 29% | 28% | 22% | 22% | 23% | 23% | 20% | 25% | 28% | 27% |
21 | 2 | 83 | 101 | 104 | 122 | 121 | 142 | 170 | 156 | 235 | 281 | 323 | |
Interest | 10 | 10 | 8 | 8 | 8 | 11 | 11 | 10 | 8 | 8 | 25 | 33 | 19 |
Depreciation | 34 | 38 | 70 | 66 | 72 | 66 | 79 | 98 | 94 | 92 | 93 | 100 | 100 |
Profit before tax | 291 | 460 | 594 | 641 | 662 | 585 | 694 | 719 | 730 | 781 | 1,362 | 1,488 | 1,349 |
Tax % | 27% | 29% | 27% | 29% | 31% | 24% | 26% | 18% | 22% | 21% | 22% | 24% | |
212 | 326 | 431 | 457 | 457 | 444 | 511 | 590 | 566 | 620 | 1,056 | 1,137 | 1,035 | |
EPS in Rs | 22.35 | 34.45 | 45.69 | 48.44 | 48.43 | 47.00 | 54.16 | 62.59 | 60.02 | 65.70 | 111.95 | 120.39 | 109.84 |
Dividend Payout % | 18% | 17% | 18% | 37% | 17% | 17% | 17% | 43% | 15% | 14% | 14% | 13% |
Compounded Sales Growth | |
---|---|
10 Years: | 9% |
5 Years: | 10% |
3 Years: | 19% |
TTM: | -14% |
Compounded Profit Growth | |
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10 Years: | 13% |
5 Years: | 19% |
3 Years: | 28% |
TTM: | -9% |
Stock Price CAGR | |
---|---|
10 Years: | 11% |
5 Years: | 15% |
3 Years: | 21% |
1 Year: | -14% |
Return on Equity | |
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10 Years: | 17% |
5 Years: | 17% |
3 Years: | 18% |
Last Year: | 18% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Sep 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 19 | 19 | 19 | 19 | 19 | 19 | 19 | 19 | 19 | 19 | 19 | 19 | 19 |
Reserves | 1,399 | 1,720 | 2,065 | 2,304 | 2,698 | 2,990 | 3,495 | 3,682 | 4,225 | 4,736 | 5,672 | 6,639 | 6,381 |
161 | 121 | 99 | 184 | 140 | 123 | 128 | 127 | 193 | 10 | 503 | 461 | 126 | |
266 | 373 | 367 | 278 | 333 | 426 | 391 | 334 | 321 | 361 | 437 | 375 | 437 | |
Total Liabilities | 1,845 | 2,233 | 2,549 | 2,785 | 3,190 | 3,559 | 4,033 | 4,162 | 4,758 | 5,125 | 6,630 | 7,494 | 6,963 |
377 | 389 | 551 | 672 | 670 | 671 | 845 | 890 | 811 | 790 | 1,003 | 1,110 | 1,086 | |
CWIP | 32 | 100 | 46 | 38 | 43 | 97 | 60 | 32 | 161 | 210 | 107 | 92 | 167 |
Investments | 194 | 529 | 637 | 946 | 960 | 1,092 | 1,145 | 1,418 | 809 | 1,055 | 2,254 | 3,043 | 2,925 |
1,242 | 1,215 | 1,314 | 1,128 | 1,518 | 1,699 | 1,984 | 1,821 | 2,977 | 3,070 | 3,266 | 3,249 | 2,785 | |
Total Assets | 1,845 | 2,233 | 2,549 | 2,785 | 3,190 | 3,559 | 4,033 | 4,162 | 4,758 | 5,125 | 6,630 | 7,494 | 6,963 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
163 | 452 | 307 | 595 | 231 | 294 | 190 | 679 | 598 | -39 | 868 | 903 | |
-107 | -420 | -257 | -449 | -16 | -196 | -162 | -310 | -351 | 101 | -1,212 | -819 | |
74 | -91 | -83 | -208 | -91 | -158 | -0 | -429 | 67 | -268 | 395 | -211 | |
Net Cash Flow | 129 | -59 | -33 | -63 | 124 | -60 | 27 | -60 | 314 | -205 | 51 | -127 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 71 | 76 | 66 | 75 | 80 | 90 | 84 | 80 | 81 | 82 | 64 | 66 |
Inventory Days | 225 | 161 | 220 | 199 | 263 | 209 | 234 | 242 | 241 | 304 | 215 | 212 |
Days Payable | 63 | 61 | 57 | 50 | 68 | 60 | 52 | 42 | 53 | 49 | 46 | 31 |
Cash Conversion Cycle | 233 | 176 | 229 | 223 | 275 | 239 | 266 | 279 | 269 | 337 | 233 | 247 |
Working Capital Days | 146 | 106 | 121 | 129 | 152 | 150 | 168 | 161 | 160 | 191 | 140 | 164 |
ROCE % | 21% | 28% | 29% | 25% | 25% | 20% | 20% | 19% | 17% | 17% | 25% | 23% |
Documents
Announcements
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Board Meeting Intimation for Approval Of Audited Financial Results (Both Standalone And Consolidated) For The Quarter/Year Ended On 31St March, 2025 And To Recommend Dividend, If Any.
3 May - Board meeting on May 23, 2025, to approve FY 2024-25 audited results and dividend.
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Intimation Of Change In Contact Details Of MUFG Intime India Private Limited, Registrar And Transfer Agent Of The Company
22 Apr - Update of MUFG Intime India Pvt Ltd's email and website contact details for shareholder services.
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Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure A
15 Apr - Confirmation of non-applicability of SEBI large corporate debt criteria.
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Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
8 Apr - Confirmation certificate received from MUFG Intime India Private Limited, Registrar and Share Transfer Agent (RTA) as per Regulation 74(5) of the SEBI (Depositories and Participants) …
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Announcement under Regulation 30 (LODR)-Change in Management
8 Apr - Appointment of Mr. Amar Patil as Vice President.
Annual reports
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Financial Year 2024
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
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Financial Year 2011
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Concalls
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Feb 2025Transcript PPT
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Nov 2024Transcript PPT
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Jan 2022TranscriptNotesPPT
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Oct 2018TranscriptNotesPPT
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Nov 2017TranscriptNotesPPT
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May 2017TranscriptNotesPPT
Products & Services
The company manufactures various sizes of high chrome grinding media balls, which are components of mill internals used in the crushing and grinding processes in the cement, mining, and thermal power industries. The company employs a casting process to produce these products. It is the world’s second-largest producer of grinding media and mill liners for India’s cement industry.[1] [2]