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 ₹ 32,013 Cr.
- Current Price ₹ 3,394
- High / Low ₹ 4,950 / 3,275
- Stock P/E 30.9
- Book Value ₹ 678
- Dividend Yield 0.47 %
- ROCE 22.7 %
- ROE 18.3 %
- Face Value ₹ 2.00
Pros
- Company has reduced debt.
- Company is almost debt free.
- Company has delivered good profit growth of 18.7% 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
Part of Nifty 500 Nifty LargeMidcap 250 BSE 250 LargeMidCap Index BSE Capital Goods BSE 150 MidCap Index
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
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 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
1,750 | 2,079 | 2,182 | 2,097 | 2,246 | 2,445 | 3,070 | 2,970 | 2,881 | 3,567 | 4,909 | 4,854 | 4,281 | |
1,437 | 1,573 | 1,593 | 1,484 | 1,607 | 1,906 | 2,406 | 2,285 | 2,220 | 2,841 | 3,663 | 3,513 | 3,136 | |
Operating Profit | 314 | 506 | 589 | 613 | 639 | 540 | 664 | 685 | 661 | 726 | 1,245 | 1,340 | 1,145 |
OPM % | 18% | 24% | 27% | 29% | 28% | 22% | 22% | 23% | 23% | 20% | 25% | 28% | 27% |
21 | 2 | 83 | 101 | 104 | 122 | 121 | 142 | 170 | 156 | 235 | 281 | 323 | |
Interest | 10 | 10 | 8 | 8 | 8 | 11 | 11 | 10 | 8 | 8 | 25 | 33 | 19 |
Depreciation | 34 | 38 | 70 | 66 | 72 | 66 | 79 | 98 | 94 | 92 | 93 | 100 | 100 |
Profit before tax | 291 | 460 | 594 | 641 | 662 | 585 | 694 | 719 | 730 | 781 | 1,362 | 1,488 | 1,349 |
Tax % | 27% | 29% | 27% | 29% | 31% | 24% | 26% | 18% | 22% | 21% | 22% | 24% | |
212 | 326 | 431 | 457 | 457 | 444 | 511 | 590 | 566 | 620 | 1,056 | 1,137 | 1,035 | |
EPS in Rs | 22.35 | 34.45 | 45.69 | 48.44 | 48.43 | 47.00 | 54.16 | 62.59 | 60.02 | 65.70 | 111.95 | 120.39 | 109.84 |
Dividend Payout % | 18% | 17% | 18% | 37% | 17% | 17% | 17% | 43% | 15% | 14% | 14% | 13% |
Compounded Sales Growth | |
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10 Years: | 9% |
5 Years: | 10% |
3 Years: | 19% |
TTM: | -14% |
Compounded Profit Growth | |
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10 Years: | 13% |
5 Years: | 19% |
3 Years: | 28% |
TTM: | -9% |
Stock Price CAGR | |
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10 Years: | 12% |
5 Years: | 14% |
3 Years: | 27% |
1 Year: | -9% |
Return on Equity | |
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10 Years: | 17% |
5 Years: | 17% |
3 Years: | 18% |
Last Year: | 18% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
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 | 1,399 | 1,720 | 2,065 | 2,304 | 2,698 | 2,990 | 3,495 | 3,682 | 4,225 | 4,736 | 5,672 | 6,639 | 6,381 |
161 | 121 | 99 | 184 | 140 | 123 | 128 | 127 | 193 | 10 | 503 | 461 | 126 | |
266 | 373 | 367 | 278 | 333 | 426 | 391 | 334 | 321 | 361 | 437 | 375 | 437 | |
Total Liabilities | 1,845 | 2,233 | 2,549 | 2,785 | 3,190 | 3,559 | 4,033 | 4,162 | 4,758 | 5,125 | 6,630 | 7,494 | 6,963 |
377 | 389 | 551 | 672 | 670 | 671 | 845 | 890 | 811 | 790 | 1,003 | 1,110 | 1,086 | |
CWIP | 32 | 100 | 46 | 38 | 43 | 97 | 60 | 32 | 161 | 210 | 107 | 92 | 167 |
Investments | 194 | 529 | 637 | 946 | 960 | 1,092 | 1,145 | 1,418 | 809 | 1,055 | 2,254 | 3,043 | 2,925 |
1,242 | 1,215 | 1,314 | 1,128 | 1,518 | 1,699 | 1,984 | 1,821 | 2,977 | 3,070 | 3,266 | 3,249 | 2,785 | |
Total Assets | 1,845 | 2,233 | 2,549 | 2,785 | 3,190 | 3,559 | 4,033 | 4,162 | 4,758 | 5,125 | 6,630 | 7,494 | 6,963 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
163 | 452 | 307 | 595 | 231 | 294 | 190 | 679 | 598 | -39 | 868 | 903 | |
-107 | -420 | -257 | -449 | -16 | -196 | -162 | -310 | -351 | 101 | -1,212 | -819 | |
74 | -91 | -83 | -208 | -91 | -158 | -0 | -429 | 67 | -268 | 395 | -211 | |
Net Cash Flow | 129 | -59 | -33 | -63 | 124 | -60 | 27 | -60 | 314 | -205 | 51 | -127 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
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Debtor Days | 71 | 76 | 66 | 75 | 80 | 90 | 84 | 80 | 81 | 82 | 64 | 66 |
Inventory Days | 225 | 161 | 220 | 199 | 263 | 209 | 234 | 242 | 241 | 304 | 215 | 212 |
Days Payable | 63 | 61 | 57 | 50 | 68 | 60 | 52 | 42 | 53 | 49 | 46 | 31 |
Cash Conversion Cycle | 233 | 176 | 229 | 223 | 275 | 239 | 266 | 279 | 269 | 337 | 233 | 247 |
Working Capital Days | 146 | 106 | 121 | 129 | 152 | 150 | 168 | 161 | 160 | 191 | 140 | 164 |
ROCE % | 21% | 28% | 29% | 25% | 25% | 20% | 20% | 19% | 17% | 17% | 25% | 23% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Earnings Call Transcript
10 Feb - Transcript of Conference Call held between the Company and Investors on Friday, February 7, 2025 to discuss the Unaudited Financial Results and performance of the …
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
7 Feb - Audio recording of investor call on Q3 results.
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Announcement under Regulation 30 (LODR)-Investor Presentation
7 Feb - Presentation on the Unaudited Financial Results of the Company for the Quarter/Nine Months ended December 31, 2024 to be made to Investors/Analysts.
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Integrated Filing (Financial)
7 Feb - Integrated filing of financial results for Q3 2024.
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Unaudited Financial Results For The Quarter/Nine Months Ended December 31, 2024 As Per Regulation 33 Of SEBI (LODR) Regulations, 2015
7 Feb - Unaudited financial results for Q3 FY2024 released.
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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Feb 2025Transcript PPT
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Nov 2024Transcript PPT
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Aug 2024Transcript PPT
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May 2024Transcript PPT
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Feb 2024Transcript PPT
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Nov 2023Transcript PPT
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Nov 2022Transcript PPT
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May 2022Transcript PPT
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Jan 2022TranscriptNotesPPT
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Oct 2021TranscriptNotesPPT
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May 2021TranscriptNotesPPT
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Feb 2021TranscriptNotesPPT
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Nov 2020TranscriptNotesPPT
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Nov 2019TranscriptNotesPPT
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Nov 2019TranscriptNotesPPT
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Oct 2018TranscriptNotesPPT
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May 2018TranscriptNotesPPT
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Mar 2018TranscriptNotesPPT
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Feb 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]