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 ₹ 44,047 Cr.
- Current Price ₹ 4,720
- High / Low ₹ 5,180 / 3,001
- Stock P/E 34.5
- 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.
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
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: | 17% |
| 5 Years: | 18% |
| 3 Years: | 12% |
| 1 Year: | 39% |
| 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 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Installed Capacity TPA |
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| Production Volume MT |
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| Mining Sales Volume MT |
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| Non-Mining Sales Volume (Cement, Thermal, Quarry) MT |
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| Sales Volume MT |
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| Order Book Rs Crores |
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Extracted by Screener AI
Documents
Announcements
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Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
7 Jul - We submit herewith the confirmation certificate received from MUFG Intime India Private Limited, Registrar and Share Transfer Agent (RTA) as per Regulation 74(5) of the …
- Closure of Trading Window 26 Jun
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Announcement under Regulation 30 (LODR)-Newspaper Publication
6 Jun - Pursuant to Regulation 47 of SEBI (LODR) Regulations, 2015, we submit herewith the copies of newspaper advertisement published for Notice to Shareholders ....
- Announcement under Regulation 30 (LODR)-Earnings Call Transcript 29 May
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Shareholder Meeting / Postal Ballot-Scrutinizer"s Report
29 May - Postal ballot passed appointing Mr. Malay Jayendra Dalal as independent director for five years from 20 April 2026.
Annual reports
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Financial Year 2025
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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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Concalls
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Jan 2022TranscriptAI SummaryPPT
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Oct 2021TranscriptAI SummaryPPT
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Products & Services[1]
The company specializes in the design, manufacture, installation, and servicing of high-chromium wear-resistant grinding media, mill liners, and diaphragms, collectively known as mill internals, used across the mining, cement, thermal power, and quarrying industries.