AIA Engineering Ltd

AIA Engineering Ltd

₹ 4,631 0.74%
05 Jun - close price
About

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]

Key Points

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]

  • Market Cap 43,214 Cr.
  • Current Price 4,631
  • High / Low 4,780 / 3,001
  • Stock P/E 33.8
  • Book Value 840
  • Dividend Yield 0.35 %
  • ROCE 21.9 %
  • ROE 17.6 %
  • Face Value 2.00

Pros

  • Company has reduced debt.
  • Company is almost debt free.

Cons

  • The company has delivered a poor sales growth of 8.76% over past five years.
  • Earnings include an other income of Rs.615 Cr.
  • Company has high debtors of 180 days.
  • Working capital days have increased from 325 days to 647 days

* 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.

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
1,067 1,033 1,081 1,044 986 904 814 908 861 833 960 979 991
783 731 774 774 703 622 585 673 640 600 659 673 689
Operating Profit 284 302 308 270 282 282 229 235 221 233 301 306 302
OPM % 27% 29% 28% 26% 29% 31% 28% 26% 26% 28% 31% 31% 30%
51 61 67 85 215 80 89 66 241 113 100 266 137
Interest 8 7 7 7 6 6 5 1 8 7 8 16 5
Depreciation 23 24 24 27 24 25 23 26 27 27 27 28 28
Profit before tax 304 332 344 321 467 331 290 274 426 311 365 528 405
Tax % 25% 25% 25% 25% 18% 25% 25% 25% 18% 25% 24% 18% 18%
227 248 257 241 384 247 217 207 351 234 277 435 331
EPS in Rs 24.04 26.26 27.25 25.57 40.67 26.15 23.28 22.16 37.59 25.08 29.71 46.61 35.44
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
2,094 1,820 2,066 2,150 2,838 2,577 2,473 3,082 4,045 4,144 3,486 3,763
1,583 1,303 1,506 1,684 2,265 2,003 1,872 2,504 2,989 2,979 2,518 2,622
Operating Profit 511 516 560 467 572 574 601 578 1,055 1,165 968 1,141
OPM % 24% 28% 27% 22% 20% 22% 24% 19% 26% 28% 28% 30%
137 357 139 217 116 485 143 270 323 427 475 615
Interest 5 6 6 8 8 7 5 5 20 29 22 36
Depreciation 68 64 71 64 78 96 91 90 91 98 101 110
Profit before tax 575 804 621 611 602 957 648 752 1,267 1,465 1,320 1,609
Tax % 28% 23% 33% 23% 31% 13% 25% 22% 24% 23% 23% 21%
415 616 417 470 415 833 485 585 969 1,129 1,022 1,277
EPS in Rs 43.95 65.27 44.24 49.82 43.98 88.27 51.41 61.97 102.72 119.75 109.46 136.84
Dividend Payout % 18% 28% 18% 16% 20% 31% 18% 15% 16% 13% 15% 12%
Compounded Sales Growth
10 Years: 8%
5 Years: 9%
3 Years: -2%
TTM: 8%
Compounded Profit Growth
10 Years: 8%
5 Years: 23%
3 Years: 10%
TTM: 27%
Stock Price CAGR
10 Years: 16%
5 Years: 19%
3 Years: 13%
1 Year: 32%
Return on Equity
10 Years: 17%
5 Years: 17%
3 Years: 17%
Last Year: 18%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Equity Capital 19 19 19 19 19 19 19 19 19 19 19 19
Reserves 1,633 2,032 2,403 2,741 3,157 3,593 4,076 4,576 5,454 6,437 6,688 7,824
90 170 140 118 127 122 189 6 502 461 491 10
282 204 277 328 306 260 250 264 340 265 316 377
Total Liabilities 2,023 2,425 2,839 3,206 3,609 3,994 4,533 4,865 6,315 7,182 7,513 8,230
530 652 650 651 822 865 789 766 980 1,086 1,152 1,204
CWIP 46 38 42 95 60 32 161 210 107 92 77 15
Investments 616 923 941 1,047 1,094 1,433 792 1,028 2,208 2,927 3,807 4,133
830 812 1,206 1,413 1,633 1,664 2,791 2,861 3,020 3,076 2,477 2,878
Total Assets 2,023 2,425 2,839 3,206 3,609 3,994 4,533 4,865 6,315 7,182 7,513 8,230

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
325 336 49 240 147 492 430 31 647 766 857 537
-196 -212 15 -64 -161 -43 -320 192 -1,110 -619 -62 66
-88 -213 -76 -163 4 -430 68 -264 400 -210 -744 -660
Net Cash Flow 41 -89 -12 13 -10 18 178 -40 -63 -64 50 -57
Free Cash Flow 144 158 -30 105 -50 363 308 -95 455 559 727 446
CFO/OP 101% 98% 38% 85% 57% 111% 103% 33% 89% 93% 115% 71%

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Debtor Days 39 80 117 119 116 137 157 153 130 122 143 180
Inventory Days 89 106 128 126 120 130 139 140 114 129 143 155
Days Payable 44 49 50 43 40 34 49 34 38 23 33 33
Cash Conversion Cycle 84 138 195 203 196 233 248 260 206 228 252 302
Working Capital Days 67 96 140 146 158 177 179 218 131 159 169 647
ROCE % 36% 38% 23% 21% 18% 26% 15% 17% 24% 23% 19% 22%

Insights

In beta
Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Installed Capacity
MTPA

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Sales Volume
MT
Production Volume
MT
Mining Segment Sales Volume
MT
Order Book
Rs. Crore

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

10 Recently
Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
58.47% 58.47% 58.47% 58.47% 58.47% 58.50% 58.50% 58.50% 58.50% 58.50% 58.50% 58.50%
18.05% 18.50% 18.29% 18.16% 17.68% 17.93% 17.21% 17.06% 17.00% 16.66% 16.57% 16.79%
20.93% 20.29% 20.46% 20.53% 20.94% 20.83% 21.84% 22.03% 22.02% 22.18% 22.26% 22.03%
0.00% 0.00% 0.00% 0.01% 0.01% 0.01% 0.01% 0.00% 0.00% 0.00% 0.00% 0.00%
2.56% 2.74% 2.78% 2.82% 2.91% 2.73% 2.43% 2.40% 2.48% 2.64% 2.66% 2.69%
No. of Shareholders 37,94240,32643,42744,94345,92850,46153,26354,16655,45659,29755,40659,500

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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