AIA Engineering Ltd

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: 16,393 Cr.
  • Current Price: 1,738
  • 52 weeks High / Low 1989.95 / 1102.20
  • Book Value: 392.42
  • Stock P/E: 28.26
  • Dividend Yield: 1.55 %
  • ROCE: 18.63 %
  • ROE: 15.60 %
  • Sales Growth (3Yrs): 9.76 %
  • Listed on BSE and NSE
  • Company Website
  • Face Value: 2.00
Edit ratios
Pros:
Company is virtually debt free.
Company has been maintaining a healthy dividend payout of 25.59%
Cons:
The company has delivered a poor growth of 6.36% over past five years.
Tax rate seems low
Promoter holding has decreased over last 3 years: -3.18%
** Remarks:
Some businesses are provided tax benefits to encourage their development

Peer comparison Sector: Castings, Forgings & Fastners // Industry: Castings & Forgings

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Quarterly Results Consolidated Figures in Rs. Crores / View Standalone

Sep 2017 Dec 2017 Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020
559 572 744 715 740 726 888 733 697 694 857 580
447 445 577 560 593 561 696 565 543 521 672 457
Operating Profit 112 127 167 156 148 165 192 169 154 173 185 123
OPM % 20% 22% 22% 22% 20% 23% 22% 23% 22% 25% 22% 21%
Other Income 22 32 50 20 48 29 23 39 28 46 29 75
Interest 2 1 3 2 2 2 2 1 2 1 1 1
Depreciation 16 18 14 17 18 22 23 24 22 25 27 25
Profit before tax 117 140 199 157 176 171 190 182 158 192 186 172
Tax % 26% 17% 24% 33% 31% 24% 18% 23% 4% 19% 23% 25%
Net Profit 87 116 152 105 121 129 156 140 152 156 142 129
EPS in Rs 9.17 12.31 16.14 11.14 12.83 13.67 16.52 14.89 16.14 16.55 15.02 13.71
Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes

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 2,828
774 718 909 1,139 1,437 1,582 1,593 1,485 1,607 1,906 2,406 2,285 2,193
Operating Profit 249 231 252 277 314 496 588 613 639 540 663 685 635
OPM % 24% 24% 22% 20% 18% 24% 27% 29% 28% 22% 22% 23% 22%
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 6
Depreciation 20 23 25 29 34 38 70 66 72 66 79 98 99
Profit before tax 249 237 246 253 291 460 594 641 662 585 694 719 708
Tax % 30% 28% 26% 28% 27% 29% 27% 29% 31% 24% 26% 18%
Net Profit 173 171 183 180 211 325 431 457 457 443 511 590 579
EPS in Rs 3.60 17.69 18.96 18.65 21.67 33.43 44.06 43.60 47.73 47.00 54.16 62.59 61.42
Dividend Payout % 14% 14% 15% 16% 18% 17% 18% 37% 17% 17% 17% 43%
* Sales is net of excise duty and discounts
Compounded Sales Growth
10 Years:12.09%
5 Years:6.36%
3 Years:9.76%
TTM:-8.42%
Compounded Profit Growth
10 Years:12.64%
5 Years:5.70%
3 Years:7.54%
TTM:6.21%
Stock Price CAGR
10 Years:15.56%
5 Years:11.88%
3 Years:9.37%
1 Year:-2.76%
Return on Equity
10 Years:17.24%
5 Years:16.23%
3 Years:15.20%
Last Year:15.60%

Balance Sheet Consolidated Figures in Rs. Crores / View Standalone

Corp Actions
Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
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
Borrowings 44 8 21 48 161 121 99 184 140 123 128 112
316 386 220 207 266 373 367 278 333 426 391 348
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
232 232 282 356 377 389 551 672 670 671 845 890
CWIP 7 11 15 18 32 100 46 38 43 97 60 32
Investments 41 141 150 140 194 529 637 946 960 1,092 1,145 1,418
853 912 845 976 1,242 1,215 1,314 1,128 1,518 1,699 1,984 1,821
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

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 in percentages

Sep 2017 Dec 2017 Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020
61.65 61.65 61.65 58.47 58.47 58.47 58.47 58.47 58.47 58.47 58.47 58.47
25.99 23.94 23.09 23.00 22.45 21.59 21.85 21.81 21.59 21.37 21.34 21.19
7.17 9.42 10.37 13.26 13.70 14.26 14.47 14.54 16.08 16.38 16.45 17.23
0.19 0.19 0.20 0.26 0.26 0.26 0.26 0.26 0.26 0.33 0.33 0.33
5.00 4.79 4.68 5.01 5.12 5.42 4.95 4.92 3.60 3.45 3.41 2.78