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 ₹ 43,674 Cr.
- Current Price ₹ 4,680
- High / Low ₹ 5,180 / 3,001
- Stock P/E 34.3
- Book Value ₹ 860
- Dividend Yield 0.35 %
- ROCE 21.1 %
- ROE 17.0 %
- Face Value ₹ 2.00
Pros
- Company has reduced debt.
- Company is almost debt free.
Cons
- The company has delivered a poor sales growth of 8.93% over past five years.
- Earnings include an other income of Rs.485 Cr.
- Dividend payout has been low at 13.0% of profits over last 3 years
- Debtor days have increased from 77.7 to 96.5 days.
- Working capital days have increased from 261 days to 537 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
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2,182 | 2,097 | 2,246 | 2,445 | 3,070 | 2,970 | 2,881 | 3,567 | 4,909 | 4,854 | 4,287 | 4,420 | |
| 1,593 | 1,484 | 1,607 | 1,906 | 2,406 | 2,285 | 2,220 | 2,841 | 3,663 | 3,513 | 3,134 | 3,164 | |
| Operating Profit | 589 | 613 | 639 | 540 | 664 | 685 | 661 | 726 | 1,245 | 1,340 | 1,154 | 1,256 |
| OPM % | 27% | 29% | 28% | 22% | 22% | 23% | 23% | 20% | 25% | 28% | 27% | 28% |
| 83 | 101 | 104 | 122 | 121 | 142 | 170 | 156 | 235 | 281 | 343 | 485 | |
| Interest | 8 | 8 | 8 | 11 | 11 | 10 | 8 | 8 | 25 | 33 | 26 | 37 |
| Depreciation | 70 | 66 | 72 | 66 | 79 | 98 | 94 | 92 | 93 | 100 | 103 | 113 |
| Profit before tax | 594 | 641 | 662 | 585 | 694 | 719 | 730 | 781 | 1,362 | 1,488 | 1,368 | 1,592 |
| Tax % | 27% | 29% | 31% | 24% | 26% | 18% | 22% | 21% | 22% | 24% | 23% | 20% |
| 431 | 457 | 457 | 444 | 511 | 590 | 566 | 620 | 1,056 | 1,137 | 1,060 | 1,269 | |
| EPS in Rs | 45.69 | 48.44 | 48.43 | 47.00 | 54.16 | 62.59 | 60.02 | 65.70 | 111.95 | 120.39 | 113.67 | 136.11 |
| Dividend Payout % | 18% | 37% | 17% | 17% | 17% | 43% | 15% | 14% | 14% | 13% | 14% | 12% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 8% |
| 5 Years: | 9% |
| 3 Years: | -3% |
| TTM: | 3% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 12% |
| 5 Years: | 19% |
| 3 Years: | 7% |
| TTM: | 22% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 17% |
| 5 Years: | 18% |
| 3 Years: | 12% |
| 1 Year: | 39% |
| Return on Equity | |
|---|---|
| 10 Years: | 16% |
| 5 Years: | 17% |
| 3 Years: | 17% |
| Last Year: | 17% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| 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 | 2,065 | 2,304 | 2,698 | 2,990 | 3,495 | 3,682 | 4,225 | 4,736 | 5,672 | 6,639 | 6,908 | 8,007 |
| 99 | 184 | 140 | 123 | 128 | 127 | 193 | 10 | 503 | 461 | 491 | 10 | |
| 367 | 278 | 333 | 426 | 391 | 334 | 321 | 361 | 437 | 375 | 416 | 502 | |
| Total Liabilities | 2,549 | 2,785 | 3,190 | 3,559 | 4,033 | 4,162 | 4,758 | 5,125 | 6,630 | 7,494 | 7,833 | 8,538 |
| 551 | 672 | 670 | 671 | 845 | 890 | 811 | 790 | 1,003 | 1,110 | 1,175 | 1,233 | |
| CWIP | 46 | 38 | 43 | 97 | 60 | 32 | 161 | 210 | 107 | 92 | 77 | 16 |
| Investments | 637 | 946 | 960 | 1,092 | 1,145 | 1,418 | 809 | 1,055 | 2,254 | 3,043 | 3,919 | 4,302 |
| 1,314 | 1,128 | 1,518 | 1,699 | 1,984 | 1,821 | 2,977 | 3,070 | 3,266 | 3,249 | 2,663 | 2,987 | |
| Total Assets | 2,549 | 2,785 | 3,190 | 3,559 | 4,033 | 4,162 | 4,758 | 5,125 | 6,630 | 7,494 | 7,833 | 8,538 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 307 | 595 | 231 | 294 | 190 | 679 | 598 | -40 | 868 | 903 | 1,162 | 592 | |
| -257 | -449 | -16 | -196 | -162 | -310 | -351 | 101 | -1,212 | -819 | -203 | -124 | |
| -83 | -208 | -91 | -158 | -0 | -429 | 67 | -267 | 395 | -211 | -743 | -660 | |
| Net Cash Flow | -33 | -63 | 124 | -60 | 27 | -60 | 314 | -205 | 51 | -127 | 217 | -193 |
| Free Cash Flow | 125 | 418 | 151 | 157 | -9 | 548 | 475 | -165 | 675 | 693 | 1,027 | 491 |
| CFO/OP | 85% | 125% | 61% | 84% | 56% | 121% | 118% | 17% | 94% | 92% | 123% | 69% |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| 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 | 66 | 75 | 80 | 90 | 84 | 80 | 81 | 82 | 64 | 66 | 70 | 97 |
| Inventory Days | 220 | 199 | 263 | 209 | 234 | 242 | 241 | 304 | 215 | 212 | 214 | 270 |
| Days Payable | 57 | 50 | 68 | 60 | 52 | 42 | 53 | 49 | 46 | 31 | 41 | 47 |
| Cash Conversion Cycle | 229 | 223 | 275 | 239 | 266 | 279 | 269 | 337 | 233 | 247 | 243 | 320 |
| Working Capital Days | 119 | 107 | 133 | 132 | 154 | 149 | 136 | 191 | 102 | 129 | 118 | 537 |
| ROCE % | 29% | 25% | 25% | 20% | 20% | 19% | 17% | 17% | 25% | 23% | 19% | 21% |
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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| Non-Mining Sales Volume (Cement, Thermal, Quarry) 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 2012
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Financial Year 2011
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Concalls
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Jan 2022TranscriptAI 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.