AIA Engineering Ltd

About [ edit ]

AIA Engineering is engaged in one of the worlds leading manufacturers of value-added, impact abrasion, and corrosion resistant High Chrome Mill Internals (HCMI).(Source : 201903 Annual Report Page No: 04)

  • Market Cap 18,205 Cr.
  • Current Price 1,931
  • High / Low 2,234 / 1,560
  • Stock P/E 31.9
  • Book Value 420
  • Dividend Yield 1.40 %
  • ROCE 18.6 %
  • ROE 16.4 %
  • Face Value 2.00

Pros

  • Company is almost debt free.
  • Company has been maintaining a healthy dividend payout of 25.59%

Cons

  • The company has delivered a poor sales growth of 6.36% over past five years.
  • Promoter holding has decreased over last 3 years: -3.18%
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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020
744 715 740 726 888 733 697 694 857 580 742 699
577 560 593 561 696 565 543 521 672 457 552 526
Operating Profit 167 156 148 165 192 169 154 173 185 123 190 172
OPM % 22% 22% 20% 23% 22% 23% 22% 25% 22% 21% 26% 25%
Other Income 50 20 48 29 23 39 28 46 29 75 21 53
Interest 3 2 2 2 2 1 2 1 1 1 1 1
Depreciation 14 17 18 22 23 24 22 25 27 25 23 23
Profit before tax 199 157 176 171 190 182 158 192 186 172 187 201
Tax % 24% 33% 31% 24% 18% 23% 4% 19% 23% 25% 23% 21%
Net Profit 152 105 121 129 156 140 152 156 142 129 144 159
EPS in Rs 16.09 11.14 12.83 13.67 16.52 14.89 16.14 16.55 15.02 13.71 15.26 16.87

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 TTM
1,023 949 1,160 1,417 1,750 2,079 2,182 2,097 2,246 2,445 3,070 2,970 2,878
774 718 909 1,139 1,437 1,582 1,593 1,485 1,607 1,906 2,406 2,285 2,208
Operating Profit 249 231 252 277 314 496 588 613 639 540 663 685 671
OPM % 24% 24% 22% 20% 18% 24% 27% 29% 28% 22% 22% 23% 23%
Other Income 25 32 25 13 21 11 83 102 104 122 121 142 178
Interest 4 3 4 8 10 10 8 8 8 11 11 10 5
Depreciation 20 23 25 29 34 38 70 66 72 66 79 98 98
Profit before tax 249 237 246 253 291 460 594 641 662 585 694 719 746
Tax % 30% 28% 26% 28% 27% 29% 27% 29% 31% 24% 26% 18%
Net Profit 173 171 183 180 211 325 431 457 457 443 511 590 574
EPS in Rs 18.45 18.10 19.44 19.13 22.35 34.45 45.69 48.44 48.43 47.00 54.16 62.59 60.86
Dividend Payout % 14% 14% 15% 16% 18% 17% 18% 37% 17% 17% 17% 43%
Compounded Sales Growth
10 Years:12%
5 Years:6%
3 Years:10%
TTM:-4%
Compounded Profit Growth
10 Years:13%
5 Years:7%
3 Years:9%
TTM:-6%
Stock Price CAGR
10 Years:18%
5 Years:16%
3 Years:7%
1 Year:20%
Return on Equity
10 Years:18%
5 Years:17%
3 Years:15%
Last Year:16%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Sep 2020
19 19 19 19 19 19 19 19 19 19 19 19 19
Reserves 754 883 1,033 1,217 1,399 1,720 2,065 2,304 2,698 2,990 3,495 3,682 3,939
Borrowings 44 8 21 48 161 121 99 184 140 123 128 112 173
316 386 220 207 266 373 367 278 333 426 391 348 343
Total Liabilities 1,133 1,296 1,293 1,490 1,845 2,233 2,549 2,785 3,190 3,559 4,033 4,162 4,473
232 232 282 356 377 389 551 672 670 671 845 890 847
CWIP 7 11 15 18 32 100 46 38 43 97 60 32 93
Investments 41 141 150 140 194 529 637 946 960 1,092 1,145 1,418 1,313
853 912 845 976 1,242 1,215 1,314 1,128 1,518 1,699 1,984 1,821 2,220
Total Assets 1,133 1,296 1,293 1,490 1,845 2,233 2,549 2,785 3,190 3,559 4,033 4,162 4,473

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
195 130 35 94 163 452 307 595 231 294 190 679
24 -112 -83 -86 -107 -420 -257 -449 -16 -196 -162 -310
13 -67 -8 -11 74 -91 -83 -208 -91 -158 -0 -429
Net Cash Flow 232 -49 -57 -3 129 -59 -33 -63 124 -60 27 -60

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
ROCE % 35% 28% 25% 22% 21% 29% 29% 25% 25% 20% 20% 19%
Debtor Days 66 82 111 96 71 76 66 75 80 90 84 80
Inventory Turnover 3.55 3.04 3.07 2.57 2.36 2.58 2.44 2.18 2.13 2.24 2.33 1.89

Shareholding Pattern

Numbers in percentages

Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021
58.47 58.47 58.47 58.47 58.47 58.47 58.47 58.47 58.47 58.47 58.47 58.47
23.00 22.45 21.59 21.85 21.81 21.59 21.37 21.34 21.19 20.49 20.13 18.76
13.26 13.70 14.26 14.47 14.54 16.08 16.38 16.45 17.23 18.04 18.23 19.56
0.26 0.26 0.26 0.26 0.26 0.26 0.33 0.33 0.33 0.33 0.33 0.33
5.01 5.12 5.42 4.95 4.92 3.60 3.45 3.41 2.78 2.67 2.84 2.88

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