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 ₹ 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.
Peer comparison
Industrials Capital Goods Industrial Products Castings & Forgings
Part of BSE 500 BSE Capital Goods Nifty 500 BSE MidCap BSE Allcap
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
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% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Earnings Call Transcript
28 May - Q4 FY25 results: INR4200 Cr sales, INR1060 Cr PAT; new plants in China and Ghana; US antidumping duty impact limited.
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Compliances-Reg.24(A)-Annual Secretarial Compliance
28 May - Annual Secretarial Compliance Report with minor SEBI LODR non-compliances and fines paid.
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
23 May - Audio recording of Q4 and FY2025 investor call available on company's website.
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Announcement under Regulation 30 (LODR)-Investor Presentation
23 May - Presentation on the Audited Financial Results of the Company for the quarter and year ended March 31, 2025 to be made to Investors/Analyst.
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Announcement Under Regulation 30 - UPDATES
23 May - Paid ₹1.8 lakh fine for delayed compliance under SEBI LODR Regulation 17(1)(A).
Annual reports
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Financial Year 2024
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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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Concalls
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May 2025Transcript PPT
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Feb 2025Transcript PPT
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Nov 2024Transcript PPT
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Aug 2024Transcript PPT
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May 2024Transcript PPT
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Feb 2024Transcript 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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Nov 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
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]