AIA Engineering Ltd
AIA ENGINEERING LIMITED was established in 1979 at Ahmedabad, India.. They are into designing, developing, manufacturing and installation of abrasion and corrosion resistant castings. It’s the Second Largest Hi-Chrome casting producer in the world.[1]
The company has 11 subsidiaries in countries including India, UAE, UK, USA, etc,.[2]
- Market Cap ₹ 36,929 Cr.
- Current Price ₹ 3,915
- High / Low ₹ 4,630 / 2,620
- Stock P/E 38.0
- Book Value ₹ 618
- Dividend Yield 0.41 %
- ROCE 24.1 %
- ROE 19.1 %
- Face Value ₹ 2.00
Pros
- Company is almost debt free.
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
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
1,272 | 1,586 | 1,783 | 2,094 | 1,820 | 2,066 | 2,150 | 2,838 | 2,577 | 2,473 | 3,082 | 4,045 | 4,226 | |
1,034 | 1,324 | 1,325 | 1,583 | 1,303 | 1,506 | 1,684 | 2,265 | 2,003 | 1,872 | 2,504 | 2,989 | 3,061 | |
Operating Profit | 238 | 262 | 458 | 511 | 516 | 560 | 467 | 572 | 574 | 601 | 578 | 1,055 | 1,165 |
OPM % | 19% | 17% | 26% | 24% | 28% | 27% | 22% | 20% | 22% | 24% | 19% | 26% | 28% |
11 | 19 | 1 | 137 | 357 | 139 | 217 | 116 | 485 | 143 | 270 | 323 | 264 | |
Interest | 4 | 6 | 7 | 5 | 6 | 6 | 8 | 8 | 7 | 5 | 5 | 20 | 30 |
Depreciation | 25 | 31 | 36 | 68 | 64 | 71 | 64 | 78 | 96 | 91 | 90 | 91 | 97 |
Profit before tax | 220 | 245 | 416 | 575 | 804 | 621 | 611 | 602 | 957 | 648 | 752 | 1,267 | 1,302 |
Tax % | 31% | 31% | 31% | 28% | 23% | 33% | 23% | 31% | 13% | 25% | 22% | 24% | |
151 | 169 | 285 | 415 | 616 | 417 | 470 | 415 | 833 | 485 | 585 | 969 | 973 | |
EPS in Rs | 16.00 | 17.93 | 30.22 | 43.95 | 65.27 | 44.24 | 49.82 | 43.98 | 88.27 | 51.41 | 61.97 | 102.72 | 103.12 |
Dividend Payout % | 19% | 22% | 20% | 18% | 28% | 18% | 16% | 20% | 31% | 18% | 15% | 16% |
Compounded Sales Growth | |
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10 Years: | 10% |
5 Years: | 13% |
3 Years: | 16% |
TTM: | 8% |
Compounded Profit Growth | |
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10 Years: | 19% |
5 Years: | 18% |
3 Years: | 6% |
TTM: | 8% |
Stock Price CAGR | |
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10 Years: | 21% |
5 Years: | 17% |
3 Years: | 27% |
1 Year: | 35% |
Return on Equity | |
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10 Years: | 18% |
5 Years: | 16% |
3 Years: | 15% |
Last Year: | 19% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Sep 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 19 | 19 | 19 | 19 | 19 | 19 | 19 | 19 | 19 | 19 | 19 | 19 | 19 |
Reserves | 940 | 1,065 | 1,293 | 1,633 | 2,032 | 2,403 | 2,741 | 3,157 | 3,593 | 4,076 | 4,576 | 5,454 | 5,814 |
27 | 147 | 117 | 90 | 170 | 140 | 118 | 127 | 122 | 189 | 6 | 502 | 483 | |
156 | 199 | 261 | 282 | 204 | 277 | 328 | 306 | 260 | 250 | 264 | 340 | 442 | |
Total Liabilities | 1,142 | 1,430 | 1,691 | 2,023 | 2,425 | 2,839 | 3,206 | 3,609 | 3,994 | 4,533 | 4,865 | 6,315 | 6,758 |
316 | 339 | 367 | 530 | 652 | 650 | 651 | 822 | 865 | 789 | 766 | 980 | 1,112 | |
CWIP | 18 | 31 | 100 | 46 | 38 | 42 | 95 | 60 | 32 | 161 | 210 | 107 | 23 |
Investments | 127 | 192 | 516 | 616 | 923 | 941 | 1,047 | 1,094 | 1,433 | 792 | 1,028 | 2,208 | 2,057 |
681 | 867 | 708 | 830 | 812 | 1,206 | 1,413 | 1,633 | 1,664 | 2,791 | 2,861 | 3,020 | 3,566 | |
Total Assets | 1,142 | 1,430 | 1,691 | 2,023 | 2,425 | 2,839 | 3,206 | 3,609 | 3,994 | 4,533 | 4,865 | 6,315 | 6,758 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
54 | 165 | 380 | 325 | 336 | 49 | 240 | 147 | 492 | 430 | 31 | 647 | |
-52 | -119 | -428 | -196 | -212 | 15 | -64 | -161 | -43 | -320 | 192 | -1,110 | |
-8 | 83 | -77 | -88 | -213 | -76 | -163 | 4 | -430 | 68 | -264 | 400 | |
Net Cash Flow | -6 | 130 | -126 | 41 | -89 | -12 | 13 | -10 | 18 | 178 | -40 | -63 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 85 | 54 | 45 | 39 | 80 | 117 | 119 | 116 | 137 | 157 | 153 | 130 |
Inventory Days | 98 | 102 | 102 | 89 | 106 | 128 | 126 | 120 | 130 | 139 | 140 | 114 |
Days Payable | 44 | 42 | 56 | 44 | 49 | 50 | 43 | 40 | 34 | 49 | 34 | 38 |
Cash Conversion Cycle | 139 | 114 | 92 | 84 | 138 | 195 | 203 | 196 | 233 | 247 | 260 | 206 |
Working Capital Days | 129 | 109 | 70 | 67 | 118 | 160 | 166 | 173 | 191 | 206 | 219 | 176 |
ROCE % | 25% | 22% | 33% | 36% | 38% | 23% | 21% | 18% | 26% | 15% | 17% | 24% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
1 Mar - Pursuant to Regulation 30(6) of SEBI (LODR) Regulations, 2015, the Schedule of the proposed Analyst or Investors Meet is attached herewith.
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Announcement under Regulation 30 (LODR)-Updates on Acquisition
15 Feb - Letter dated 11th October, 2023, intimating the acquisition of 30% stake in Vega MPS PTY Limited (VMPS), Australia by Vega Industries (Middle East) FZC (Vega …
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Announcement under Regulation 30 (LODR)-Earnings Call Transcript
9 Feb - Transcript of Conference Call held between the Company and Investors on Wednesday, 7th February, 2024 to discuss the Unaudited Financial Results and performance of the …
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
7 Feb - The audio recording of the Company's Investor Call on the Financial Results for the Quarter/Nine Months ended December 31, 2023 is available on the Company's …
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Announcement under Regulation 30 (LODR)-Investor Presentation
7 Feb - Presentation on the Unaudited Financial Results of the Company for the Quarter/Nine Months ended December 31, 2023 to be made to Investor/Analyst.
Annual reports
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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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Financial Year 2010
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Concalls
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Feb 2024Transcript PPT
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Nov 2023Transcript PPT
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Aug 2023Transcript PPT
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May 2023Transcript PPT
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Jan 2023Transcript PPT
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Nov 2022Transcript PPT
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Aug 2022Transcript PPT
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May 2022Transcript PPT
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Jan 2022TranscriptNotesPPT
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Oct 2021TranscriptNotesPPT
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Aug 2021TranscriptNotesPPT
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May 2021TranscriptNotesPPT
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Feb 2021TranscriptNotesPPT
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Nov 2020TranscriptNotesPPT
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Aug 2020TranscriptNotesPPT
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Jun 2020TranscriptNotesPPT
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Jan 2020TranscriptNotesPPT
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Nov 2019TranscriptNotesPPT
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Nov 2019TranscriptNotesPPT
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Aug 2019TranscriptNotesPPT
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Jun 2019TranscriptNotesPPT
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May 2019TranscriptNotesPPT
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Feb 2019TranscriptNotesPPT
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Oct 2018TranscriptNotesPPT
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Aug 2018TranscriptNotesPPT
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May 2018TranscriptNotesPPT
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Mar 2018TranscriptNotesPPT
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Feb 2018TranscriptNotesPPT
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Nov 2017TranscriptNotesPPT
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Aug 2017TranscriptNotesPPT
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May 2017TranscriptNotesPPT
About the Promoter
Mr. Bhadresh K. Shah is the founder and Managing Director of AIA Engineering. He has done B.Tech. in metallurgical engineering from IIT Kanpur in 1974. [1]