AIA Engineering Ltd

AIA Engineering Ltd

₹ 3,915 0.74%
28 Mar - close price
About

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]

Key Points

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]

  • 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.

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
655 646 647 675 836 923 897 1,083 997 1,067 1,033 1,081 1,044
504 527 524 545 683 753 711 792 705 783 731 774 774
Operating Profit 151 120 123 130 153 170 186 291 292 284 302 308 270
OPM % 23% 18% 19% 19% 18% 18% 21% 27% 29% 27% 29% 28% 26%
39 24 41 40 130 59 41 50 182 51 61 67 85
Interest 1 1 1 1 2 -0 1 4 5 8 7 7 7
Depreciation 22 21 24 21 24 21 20 24 24 23 24 24 27
Profit before tax 167 122 140 148 256 209 206 313 445 304 332 344 321
Tax % 25% 25% 25% 25% 17% 25% 25% 25% 20% 25% 25% 25% 25%
125 91 104 110 214 157 154 233 355 227 248 257 241
EPS in Rs 13.26 9.67 11.04 11.70 22.64 16.60 16.28 24.75 37.65 24.04 26.26 27.25 25.57
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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
10 Years: 10%
5 Years: 13%
3 Years: 16%
TTM: 8%
Compounded Profit Growth
10 Years: 19%
5 Years: 18%
3 Years: 6%
TTM: 8%
Stock Price CAGR
10 Years: 21%
5 Years: 17%
3 Years: 27%
1 Year: 35%
Return on Equity
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%

Shareholding Pattern

Numbers in percentages

Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
58.47% 58.47% 58.47% 58.47% 58.47% 58.47% 58.47% 58.47% 58.47% 58.47% 58.47% 58.47%
18.76% 18.99% 19.13% 18.79% 18.08% 18.13% 18.02% 17.78% 18.04% 18.05% 18.50% 18.29%
19.56% 19.51% 19.46% 19.88% 20.44% 20.37% 20.43% 20.72% 20.69% 20.93% 20.29% 20.46%
0.33% 0.33% 0.31% 0.31% 0.31% 0.31% 0.30% 0.30% 0.30% 0.00% 0.00% 0.00%
2.88% 2.70% 2.64% 2.55% 2.71% 2.72% 2.77% 2.73% 2.49% 2.56% 2.74% 2.78%
No. of Shareholders 20,92720,54821,68123,43522,71125,05430,03827,01337,19637,94240,32643,427

* 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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