AIA Engineering Ltd

AIA Engineering Ltd

₹ 3,365 -1.26%
26 Dec - close price
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]

  • Market Cap 31,738 Cr.
  • Current Price 3,365
  • High / Low 4,950 / 3,280
  • Stock P/E 29.2
  • Book Value 652
  • Dividend Yield 0.48 %
  • 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.

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
675 836 923 897 1,083 997 1,067 1,033 1,081 1,044 986 904 814
545 683 753 711 792 705 783 731 774 774 703 622 585
Operating Profit 130 153 170 186 291 292 284 302 308 270 282 282 229
OPM % 19% 18% 18% 21% 27% 29% 27% 29% 28% 26% 29% 31% 28%
40 130 59 41 50 182 51 61 67 85 215 80 89
Interest 1 2 -0 1 4 5 8 7 7 7 6 6 5
Depreciation 21 24 21 20 24 24 23 24 24 27 24 25 23
Profit before tax 148 256 209 206 313 445 304 332 344 321 467 331 290
Tax % 25% 17% 25% 25% 25% 20% 25% 25% 25% 25% 18% 25% 25%
110 214 157 154 233 355 227 248 257 241 384 247 217
EPS in Rs 11.70 22.64 16.60 16.28 24.75 37.65 24.04 26.26 27.25 25.57 40.67 26.15 23.03
Raw PDF

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: 12%
5 Years: 15%
3 Years: 24%
1 Year: -7%
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%

Shareholding Pattern

Numbers in percentages

1 Recently
Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
58.47% 58.47% 58.47% 58.47% 58.47% 58.47% 58.47% 58.47% 58.47% 58.47% 58.47% 58.50%
18.79% 18.08% 18.13% 18.02% 17.78% 18.04% 18.05% 18.50% 18.29% 18.16% 17.68% 17.93%
19.88% 20.44% 20.37% 20.43% 20.72% 20.69% 20.93% 20.29% 20.46% 20.53% 20.94% 20.83%
0.31% 0.31% 0.31% 0.30% 0.30% 0.30% 0.00% 0.00% 0.00% 0.01% 0.01% 0.01%
2.55% 2.71% 2.72% 2.77% 2.73% 2.49% 2.56% 2.74% 2.78% 2.82% 2.91% 2.73%
No. of Shareholders 23,43522,71125,05430,03827,01337,19637,94240,32643,42744,94345,92850,461

* 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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