AIA Engineering Ltd

AIA Engineering Ltd

₹ 3,451 -1.89%
12 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 32,603 Cr.
  • Current Price 3,451
  • High / Low 4,950 / 3,005
  • Stock P/E 30.8
  • Book Value 734
  • Dividend Yield 0.46 %
  • ROCE 19.1 %
  • ROE 15.6 %
  • Face Value 2.00

Pros

  • Company is almost debt free.

Cons

  • The company has delivered a poor sales growth of 7.62% over past five years.
  • Working capital days have increased from 263 days to 485 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

Consolidated Figures in Rs. Crores / View Standalone

Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025
1,093 1,080 1,329 1,227 1,274 1,240 1,295 1,169 1,150 1,020 1,044 1,066 1,157
867 833 1,017 861 958 897 913 858 853 731 769 783 855
Operating Profit 226 247 312 366 316 343 382 311 297 289 276 283 302
OPM % 21% 23% 23% 30% 25% 28% 30% 27% 26% 28% 26% 27% 26%
39 21 32 118 64 60 62 84 77 83 91 72 98
Interest -0 1 4 5 10 8 7 7 6 6 5 1 8
Depreciation 21 21 25 24 23 24 25 27 25 25 24 26 28
Profit before tax 244 246 316 454 346 371 412 361 344 341 337 327 363
Tax % 20% 22% 22% 22% 23% 26% 21% 22% 24% 24% 24% 21% 21%
194 191 245 352 268 273 324 280 260 259 256 259 285
EPS in Rs 20.63 20.19 25.96 37.37 28.43 28.87 34.25 29.64 27.62 27.52 27.22 27.48 30.24
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
2,079 2,182 2,097 2,246 2,445 3,070 2,970 2,881 3,567 4,909 4,854 4,287
1,573 1,593 1,484 1,607 1,906 2,406 2,285 2,220 2,841 3,663 3,513 3,138
Operating Profit 506 589 613 639 540 664 685 661 726 1,245 1,340 1,149
OPM % 24% 27% 29% 28% 22% 22% 23% 23% 20% 25% 28% 27%
2 83 101 104 122 121 142 170 156 235 281 343
Interest 10 8 8 8 11 11 10 8 8 25 33 21
Depreciation 38 70 66 72 66 79 98 94 92 93 100 103
Profit before tax 460 594 641 662 585 694 719 730 781 1,362 1,488 1,368
Tax % 29% 27% 29% 31% 24% 26% 18% 22% 21% 22% 24% 23%
326 431 457 457 444 511 590 566 620 1,056 1,137 1,060
EPS in Rs 34.45 45.69 48.44 48.43 47.00 54.16 62.59 60.02 65.70 111.95 120.39 112.46
Dividend Payout % 17% 18% 37% 17% 17% 17% 43% 15% 14% 14% 13% 14%
Compounded Sales Growth
10 Years: 7%
5 Years: 8%
3 Years: 6%
TTM: -12%
Compounded Profit Growth
10 Years: 10%
5 Years: 14%
3 Years: 20%
TTM: -6%
Stock Price CAGR
10 Years: 13%
5 Years: 16%
3 Years: 19%
1 Year: -10%
Return on Equity
10 Years: 16%
5 Years: 16%
3 Years: 18%
Last Year: 16%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Equity Capital 19 19 19 19 19 19 19 19 19 19 19 19
Reserves 1,720 2,065 2,304 2,698 2,990 3,495 3,682 4,225 4,736 5,672 6,639 6,908
121 99 184 140 123 128 127 193 10 503 461 491
373 367 278 333 426 391 334 321 361 437 375 417
Total Liabilities 2,233 2,549 2,785 3,190 3,559 4,033 4,162 4,758 5,125 6,630 7,494 7,834
389 551 672 670 671 845 890 811 790 1,003 1,110 1,175
CWIP 100 46 38 43 97 60 32 161 210 107 92 77
Investments 529 637 946 960 1,092 1,145 1,418 809 1,055 2,254 3,043 3,919
1,215 1,314 1,128 1,518 1,699 1,984 1,821 2,977 3,070 3,266 3,249 2,663
Total Assets 2,233 2,549 2,785 3,190 3,559 4,033 4,162 4,758 5,125 6,630 7,494 7,834

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
452 307 595 231 294 190 679 598 -39 868 903 1,162
-420 -257 -449 -16 -196 -162 -310 -351 101 -1,212 -819 -194
-91 -83 -208 -91 -158 -0 -429 67 -268 395 -211 -743
Net Cash Flow -59 -33 -63 124 -60 27 -60 314 -205 51 -127 225

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Debtor Days 76 66 75 80 90 84 80 81 82 64 66 70
Inventory Days 161 220 199 263 209 234 242 241 304 215 212 214
Days Payable 61 57 50 68 60 52 42 53 49 46 31 41
Cash Conversion Cycle 176 229 223 275 239 266 279 269 337 233 247 243
Working Capital Days 106 121 129 152 150 168 161 160 191 140 164 485
ROCE % 28% 29% 25% 25% 20% 20% 19% 17% 17% 25% 23% 19%

Shareholding Pattern

Numbers in percentages

Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025
58.47% 58.47% 58.47% 58.47% 58.47% 58.47% 58.47% 58.47% 58.47% 58.50% 58.50% 58.50%
18.13% 18.02% 17.78% 18.04% 18.05% 18.50% 18.29% 18.16% 17.68% 17.93% 17.21% 17.06%
20.37% 20.43% 20.72% 20.69% 20.93% 20.29% 20.46% 20.53% 20.94% 20.83% 21.84% 22.03%
0.31% 0.30% 0.30% 0.30% 0.00% 0.00% 0.00% 0.01% 0.01% 0.01% 0.01% 0.00%
2.72% 2.77% 2.73% 2.49% 2.56% 2.74% 2.78% 2.82% 2.91% 2.73% 2.43% 2.40%
No. of Shareholders 25,05430,03827,01337,19637,94240,32643,42744,94345,92850,46153,26354,166

* 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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