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 ₹ 37,295 Cr.
- Current Price ₹ 3,996
- High / Low ₹ 4,170 / 3,001
- Stock P/E 32.0
- Book Value ₹ 789
- Dividend Yield 0.40 %
- ROCE 18.9 %
- ROE 15.4 %
- Face Value ₹ 2.00
Pros
Cons
- The company has delivered a poor sales growth of 7.62% over past five years.
- Earnings include an other income of Rs.443 Cr.
* 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 Allcap BSE Industrials
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 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2,079 | 2,182 | 2,097 | 2,246 | 2,445 | 3,070 | 2,970 | 2,881 | 3,567 | 4,909 | 4,854 | 4,287 | 4,311 | |
| 1,573 | 1,593 | 1,484 | 1,607 | 1,906 | 2,406 | 2,285 | 2,220 | 2,841 | 3,663 | 3,513 | 3,134 | 3,116 | |
| Operating Profit | 506 | 589 | 613 | 639 | 540 | 664 | 685 | 661 | 726 | 1,245 | 1,340 | 1,154 | 1,195 |
| OPM % | 24% | 27% | 29% | 28% | 22% | 22% | 23% | 23% | 20% | 25% | 28% | 27% | 28% |
| 2 | 83 | 101 | 104 | 122 | 121 | 142 | 170 | 156 | 235 | 281 | 343 | 443 | |
| Interest | 10 | 8 | 8 | 8 | 11 | 11 | 10 | 8 | 8 | 25 | 33 | 26 | 40 |
| Depreciation | 38 | 70 | 66 | 72 | 66 | 79 | 98 | 94 | 92 | 93 | 100 | 103 | 112 |
| Profit before tax | 460 | 594 | 641 | 662 | 585 | 694 | 719 | 730 | 781 | 1,362 | 1,488 | 1,368 | 1,486 |
| 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 | 1,161 | |
| 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 | 113.67 | 124.53 |
| 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: | 1% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 9% |
| 5 Years: | 13% |
| 3 Years: | 19% |
| TTM: | 12% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 17% |
| 5 Years: | 15% |
| 3 Years: | 13% |
| 1 Year: | 9% |
| Return on Equity | |
|---|---|
| 10 Years: | 16% |
| 5 Years: | 16% |
| 3 Years: | 18% |
| Last Year: | 15% |
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 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 19 | 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 | 7,348 |
| 121 | 99 | 184 | 140 | 123 | 128 | 127 | 193 | 10 | 503 | 461 | 491 | 1,022 | |
| 373 | 367 | 278 | 333 | 426 | 391 | 334 | 321 | 361 | 437 | 375 | 416 | 500 | |
| Total Liabilities | 2,233 | 2,549 | 2,785 | 3,190 | 3,559 | 4,033 | 4,162 | 4,758 | 5,125 | 6,630 | 7,494 | 7,833 | 8,889 |
| 389 | 551 | 672 | 670 | 671 | 845 | 890 | 811 | 790 | 1,003 | 1,110 | 1,175 | 1,140 | |
| CWIP | 100 | 46 | 38 | 43 | 97 | 60 | 32 | 161 | 210 | 107 | 92 | 77 | 100 |
| Investments | 529 | 637 | 946 | 960 | 1,092 | 1,145 | 1,418 | 809 | 1,055 | 2,254 | 3,043 | 3,919 | 4,791 |
| 1,215 | 1,314 | 1,128 | 1,518 | 1,699 | 1,984 | 1,821 | 2,977 | 3,070 | 3,266 | 3,249 | 2,663 | 2,859 | |
| Total Assets | 2,233 | 2,549 | 2,785 | 3,190 | 3,559 | 4,033 | 4,162 | 4,758 | 5,125 | 6,630 | 7,494 | 7,833 | 8,889 |
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 | -40 | 868 | 903 | 1,162 | |
| -420 | -257 | -449 | -16 | -196 | -162 | -310 | -351 | 101 | -1,212 | -819 | -203 | |
| -91 | -83 | -208 | -91 | -158 | -0 | -429 | 67 | -267 | 395 | -211 | -743 | |
| Net Cash Flow | -59 | -33 | -63 | 124 | -60 | 27 | -60 | 314 | -205 | 51 | -127 | 217 |
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 | 105 | 119 | 107 | 133 | 132 | 154 | 149 | 136 | 191 | 102 | 129 | 118 |
| ROCE % | 28% | 29% | 25% | 25% | 20% | 20% | 19% | 17% | 17% | 25% | 23% | 19% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
2d - Audio recording of investor call on results for quarter/nine months ended Dec 31, 2025 posted.
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Announcement under Regulation 30 (LODR)-Investor Presentation
2d - Presentation on the Unaudited Financial Results of the Company for the quarter/nine months ended December 31, 2025 to be made to Investor/Analyst.
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Announcement under Regulation 30 (LODR)-Change in Directorate
2d - Board approved Q3/9M Dec 31, 2025 results; standalone Q3 profit Rs 43,499.55 lakhs; appointed Nitin Shukla as Independent Director.
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Board Meeting Outcome for Outcome Of Board Meeting
2d - Unaudited Q3/9M Dec-2025 results: standalone profit ₹43,499.55L (Q), ₹94,623.84L (9M); appointed Nitin Shukla.
- Unaudited Financial Results For The Quarter/Nine Months Ended December 31, 2025 As Per Regulation 33 Of SEBI (LODR) Regulations, 2015. 2d
Annual reports
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Financial Year 2025
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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
from nse
Concalls
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Jan 2026TranscriptAI SummaryPPT
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Jan 2022TranscriptAI SummaryPPT
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Oct 2021TranscriptAI SummaryPPT
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May 2021TranscriptAI SummaryPPT
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Feb 2021TranscriptAI SummaryPPT
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Nov 2020TranscriptAI SummaryPPT
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Aug 2020TranscriptAI SummaryPPT
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Jun 2020TranscriptAI SummaryPPT
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Jan 2020TranscriptAI SummaryPPT
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Nov 2019TranscriptAI SummaryPPT
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Nov 2019TranscriptAI SummaryPPT
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Aug 2019TranscriptAI SummaryPPT
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Oct 2018TranscriptAI SummaryPPT
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Aug 2018TranscriptAI SummaryPPT
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May 2018TranscriptAI SummaryPPT
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Mar 2018TranscriptAI SummaryPPT
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Feb 2018TranscriptAI SummaryPPT
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Nov 2017TranscriptAI SummaryPPT
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Aug 2017TranscriptAI SummaryPPT
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May 2017TranscriptAI SummaryPPT
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]