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 ₹ 32,210 Cr.
- Current Price ₹ 3,415
- High / Low ₹ 4,950 / 3,335
- Stock P/E 29.6
- Book Value ₹ 652
- Dividend Yield 0.47 %
- ROCE 23.1 %
- ROE 18.8 %
- Face Value ₹ 2.00
Pros
- Company has reduced debt.
- Company is almost debt free.
- Company has delivered good profit growth of 23.9% CAGR over last 5 years
Cons
- Earnings include an other income of Rs.469 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
Sector: Castings, Forgings & Fastners Industry: Castings & Forgings
Part of Nifty LargeMidcap 250 BSE Industrials Nifty 500 Multicap 50:25:25 BSE 400 MidSmallCap Index BSE 150 MidCap Index
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
1,586 | 1,783 | 2,094 | 1,820 | 2,066 | 2,150 | 2,838 | 2,577 | 2,473 | 3,082 | 4,045 | 4,144 | 3,748 | |
1,324 | 1,325 | 1,583 | 1,303 | 1,506 | 1,684 | 2,265 | 2,003 | 1,872 | 2,504 | 2,989 | 2,979 | 2,684 | |
Operating Profit | 262 | 458 | 511 | 516 | 560 | 467 | 572 | 574 | 601 | 578 | 1,055 | 1,165 | 1,064 |
OPM % | 17% | 26% | 24% | 28% | 27% | 22% | 20% | 22% | 24% | 19% | 26% | 28% | 28% |
19 | 1 | 137 | 357 | 139 | 217 | 116 | 485 | 143 | 270 | 323 | 427 | 469 | |
Interest | 6 | 7 | 5 | 6 | 6 | 8 | 8 | 7 | 5 | 5 | 20 | 29 | 25 |
Depreciation | 31 | 36 | 68 | 64 | 71 | 64 | 78 | 96 | 91 | 90 | 91 | 98 | 98 |
Profit before tax | 245 | 416 | 575 | 804 | 621 | 611 | 602 | 957 | 648 | 752 | 1,267 | 1,465 | 1,409 |
Tax % | 31% | 31% | 28% | 23% | 33% | 23% | 31% | 13% | 25% | 22% | 24% | 23% | |
169 | 285 | 415 | 616 | 417 | 470 | 415 | 833 | 485 | 585 | 969 | 1,129 | 1,089 | |
EPS in Rs | 17.93 | 30.22 | 43.95 | 65.27 | 44.24 | 49.82 | 43.98 | 88.27 | 51.41 | 61.97 | 102.72 | 119.75 | 115.42 |
Dividend Payout % | 22% | 20% | 18% | 28% | 18% | 16% | 20% | 31% | 18% | 15% | 16% | 13% |
Compounded Sales Growth | |
---|---|
10 Years: | 9% |
5 Years: | 8% |
3 Years: | 19% |
TTM: | -10% |
Compounded Profit Growth | |
---|---|
10 Years: | 14% |
5 Years: | 24% |
3 Years: | 35% |
TTM: | 0% |
Stock Price CAGR | |
---|---|
10 Years: | 11% |
5 Years: | 16% |
3 Years: | 22% |
1 Year: | -4% |
Return on Equity | |
---|---|
10 Years: | 18% |
5 Years: | 17% |
3 Years: | 17% |
Last Year: | 19% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Sep 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 19 | 19 | 19 | 19 | 19 | 19 | 19 | 19 | 19 | 19 | 19 | 19 | 19 |
Reserves | 1,065 | 1,293 | 1,633 | 2,032 | 2,403 | 2,741 | 3,157 | 3,593 | 4,076 | 4,576 | 5,454 | 6,437 | 6,136 |
147 | 117 | 90 | 170 | 140 | 118 | 127 | 122 | 189 | 6 | 502 | 461 | 126 | |
199 | 261 | 282 | 204 | 277 | 328 | 306 | 260 | 250 | 264 | 340 | 265 | 326 | |
Total Liabilities | 1,430 | 1,691 | 2,023 | 2,425 | 2,839 | 3,206 | 3,609 | 3,994 | 4,533 | 4,865 | 6,315 | 7,182 | 6,606 |
339 | 367 | 530 | 652 | 650 | 651 | 822 | 865 | 789 | 766 | 980 | 1,086 | 1,062 | |
CWIP | 31 | 100 | 46 | 38 | 42 | 95 | 60 | 32 | 161 | 210 | 107 | 92 | 167 |
Investments | 192 | 516 | 616 | 923 | 941 | 1,047 | 1,094 | 1,433 | 792 | 1,028 | 2,208 | 2,927 | 2,834 |
867 | 708 | 830 | 812 | 1,206 | 1,413 | 1,633 | 1,664 | 2,791 | 2,861 | 3,020 | 3,076 | 2,544 | |
Total Assets | 1,430 | 1,691 | 2,023 | 2,425 | 2,839 | 3,206 | 3,609 | 3,994 | 4,533 | 4,865 | 6,315 | 7,182 | 6,606 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
165 | 380 | 325 | 336 | 49 | 240 | 147 | 492 | 430 | 31 | 647 | 766 | |
-119 | -428 | -196 | -212 | 15 | -64 | -161 | -43 | -320 | 192 | -1,110 | -619 | |
83 | -77 | -88 | -213 | -76 | -163 | 4 | -430 | 68 | -264 | 400 | -210 | |
Net Cash Flow | 130 | -126 | 41 | -89 | -12 | 13 | -10 | 18 | 178 | -40 | -63 | -64 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 54 | 45 | 39 | 80 | 117 | 119 | 116 | 137 | 157 | 153 | 130 | 122 |
Inventory Days | 102 | 102 | 89 | 106 | 128 | 126 | 120 | 130 | 139 | 140 | 114 | 129 |
Days Payable | 42 | 56 | 44 | 49 | 50 | 43 | 40 | 34 | 49 | 34 | 38 | 23 |
Cash Conversion Cycle | 114 | 92 | 84 | 138 | 195 | 203 | 196 | 233 | 247 | 260 | 206 | 228 |
Working Capital Days | 109 | 70 | 67 | 118 | 160 | 166 | 173 | 191 | 206 | 219 | 176 | 200 |
ROCE % | 22% | 33% | 36% | 38% | 23% | 21% | 18% | 26% | 15% | 17% | 24% | 23% |
Documents
Announcements
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Disclosure Pursuant To Regulation 30 Of SEBI (LODR) Regulations, 2015
1d - Fines imposed for non-compliance with SEBI regulations.
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Announcement under Regulation 30 (LODR)-Updates on Acquisition
20 Nov - Vega ME acquires additional 13% stake in VMPS, Australia.
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Shareholder Meeting / Postal Ballot-Scrutinizer"s Report
18 Nov - Voting results and scrutinizer's report on postal ballot.
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Shareholder Meeting / Postal Ballot-Outcome of Postal_Ballot
18 Nov - Voting results and scrutinizer's report on postal ballot.
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Announcement under Regulation 30 (LODR)-Earnings Call Transcript
5 Nov - Transcript of Investors' Conference Call on Q2 results.
Annual reports
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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
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Financial Year 2011
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Concalls
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Nov 2024Transcript PPT
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Jan 2022TranscriptNotesPPT
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Oct 2021TranscriptNotesPPT
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Nov 2020TranscriptNotesPPT
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Oct 2018TranscriptNotesPPT
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Mar 2018TranscriptNotesPPT
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Nov 2017TranscriptNotesPPT
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Aug 2017TranscriptNotesPPT
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May 2017TranscriptNotesPPT
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]