AIA Engineering Ltd

AIA Engineering Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

AIA Engineering Ltd

₹ 3,900 0.34%
25 Apr 10:45 a.m.
aiaengineering.com BSE: 532683 NSE : AIAENG
About

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]

Key Points

Long Gestation Period to Acquire a Client
AIAE engages with a customer over 18 to 24 months to develop a mine site by doing trials and establishing optimal chrome grade for that set of operating conditions. Because of these benefits we expect high chrome to take higher market share forged over a time.[1]

Website BSE NSE
  • Market Cap ₹ 36,789 Cr.
  • Current Price ₹ 3,900
  • High / Low ₹ 4,630 / 2,620
  • Stock P/E 32.2
  • Book Value ₹ 650
  • Dividend Yield 0.41 %
  • ROCE 25.1 %
  • ROE 20.0 %
  • Face Value ₹ 2.00
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Pros

  • Company is almost debt free.
  • Company has delivered good profit growth of 19.1% CAGR over last 5 years

Cons

* 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

Sector: Castings, Forgings & Fastners Industry: Castings & Forgings

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
699 860 740 885 848 1,093 1,080 1,329 1,227 1,274 1,240 1,295 1,169
526 691 568 723 687 867 833 1,017 861 958 897 913 858
Operating Profit 172 169 172 162 161 226 247 312 366 316 343 382 311
OPM % 25% 20% 23% 18% 19% 21% 23% 23% 30% 25% 28% 30% 27%
53 23 40 36 42 39 21 32 118 64 60 62 84
Interest 1 1 1 1 3 -0 1 4 5 10 8 7 7
Depreciation 23 22 24 22 25 21 21 25 24 23 24 25 27
Profit before tax 201 170 187 175 176 244 246 316 454 346 371 412 361
Tax % 21% 22% 20% 21% 21% 20% 22% 22% 22% 23% 26% 21% 22%
160 133 149 138 139 194 191 245 352 268 273 324 280
EPS in Rs 16.87 14.18 15.83 14.59 14.65 20.63 20.19 25.96 37.37 28.43 28.87 34.25 29.64
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Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
1,417 1,750 2,079 2,182 2,097 2,246 2,445 3,070 2,970 2,881 3,567 4,909 4,977
1,139 1,437 1,573 1,593 1,484 1,607 1,906 2,406 2,285 2,220 2,841 3,663 3,625
Operating Profit 277 314 506 589 613 639 540 664 685 661 726 1,245 1,352
OPM % 20% 18% 24% 27% 29% 28% 22% 22% 23% 23% 20% 25% 27%
13 21 2 83 101 104 122 121 142 170 156 235 270
Interest 8 10 10 8 8 8 11 11 10 8 8 25 32
Depreciation 29 34 38 70 66 72 66 79 98 94 92 93 99
Profit before tax 253 291 460 594 641 662 585 694 719 730 781 1,362 1,491
Tax % 28% 27% 29% 27% 29% 31% 24% 26% 18% 22% 21% 22%
181 212 326 431 457 457 444 511 590 566 620 1,056 1,144
EPS in Rs 19.13 22.35 34.45 45.69 48.44 48.43 47.00 54.16 62.59 60.02 65.70 111.95 121.19
Dividend Payout % 16% 18% 17% 18% 37% 17% 17% 17% 43% 15% 14% 14%
Compounded Sales Growth
10 Years: 11%
5 Years: 15%
3 Years: 18%
TTM: 5%
Compounded Profit Growth
10 Years: 18%
5 Years: 19%
3 Years: 23%
TTM: 16%
Stock Price CAGR
10 Years: 20%
5 Years: 17%
3 Years: 27%
1 Year: 43%
Return on Equity
10 Years: 17%
5 Years: 16%
3 Years: 16%
Last Year: 20%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 19 19 19 19 19 19 19 19 19 19 19 19 19
Reserves 1,217 1,399 1,720 2,065 2,304 2,698 2,990 3,495 3,682 4,225 4,736 5,672 6,112
48 161 121 99 184 140 123 128 127 193 10 503 484
207 266 373 367 278 333 426 391 334 321 361 437 552
Total Liabilities 1,490 1,845 2,233 2,549 2,785 3,190 3,559 4,033 4,162 4,758 5,125 6,630 7,166
356 377 389 551 672 670 671 845 890 811 790 1,003 1,136
CWIP 18 32 100 46 38 43 97 60 32 161 210 107 23
Investments 140 194 529 637 946 960 1,092 1,145 1,418 809 1,055 2,254 2,101
976 1,242 1,215 1,314 1,128 1,518 1,699 1,984 1,821 2,977 3,070 3,266 3,906
Total Assets 1,490 1,845 2,233 2,549 2,785 3,190 3,559 4,033 4,162 4,758 5,125 6,630 7,166

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
94 163 452 307 595 231 294 190 679 598 -39 868
-86 -107 -420 -257 -449 -16 -196 -162 -310 -351 101 -1,212
-11 74 -91 -83 -208 -91 -158 -0 -429 67 -268 395
Net Cash Flow -3 129 -59 -33 -63 124 -60 27 -60 314 -205 51

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 96 71 76 66 75 80 90 84 80 81 82 64
Inventory Days 203 225 161 220 199 263 209 234 242 241 304 215
Days Payable 66 63 61 57 50 68 60 52 42 53 49 46
Cash Conversion Cycle 232 233 176 229 223 275 239 266 279 269 337 233
Working Capital Days 159 146 106 121 129 152 150 168 161 160 191 140
ROCE % 22% 21% 28% 29% 25% 25% 20% 20% 19% 17% 17% 25%

Shareholding Pattern

Numbers in percentages

2 Recently
Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
58.47% 58.47% 58.47% 58.47% 58.47% 58.47% 58.47% 58.47% 58.47% 58.47% 58.47% 58.47%
18.99% 19.13% 18.79% 18.08% 18.13% 18.02% 17.78% 18.04% 18.05% 18.50% 18.29% 18.16%
19.51% 19.46% 19.88% 20.44% 20.37% 20.43% 20.72% 20.69% 20.93% 20.29% 20.46% 20.53%
0.33% 0.31% 0.31% 0.31% 0.31% 0.30% 0.30% 0.30% 0.00% 0.00% 0.00% 0.01%
2.70% 2.64% 2.55% 2.71% 2.72% 2.77% 2.73% 2.49% 2.56% 2.74% 2.78% 2.82%
No. of Shareholders 20,54821,68123,43522,71125,05430,03827,01337,19637,94240,32643,42744,943

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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