AIA Engineering Ltd

AIA Engineering Ltd

₹ 3,411 -1.14%
21 Nov 4:00 p.m.
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 32,147 Cr.
  • Current Price 3,411
  • High / Low 4,950 / 3,335
  • Stock P/E 30.4
  • 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.

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

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
885 848 1,093 1,080 1,329 1,227 1,274 1,240 1,295 1,169 1,150 1,020 1,044
723 687 867 833 1,017 861 958 897 913 858 853 731 769
Operating Profit 162 161 226 247 312 366 316 343 382 311 297 289 276
OPM % 18% 19% 21% 23% 23% 30% 25% 28% 30% 27% 26% 28% 26%
36 42 39 21 32 118 64 60 62 84 77 83 91
Interest 1 3 -0 1 4 5 10 8 7 7 6 6 5
Depreciation 22 25 21 21 25 24 23 24 25 27 25 25 24
Profit before tax 175 176 244 246 316 454 346 371 412 361 344 341 337
Tax % 21% 21% 20% 22% 22% 22% 23% 26% 21% 22% 24% 24% 24%
138 139 194 191 245 352 268 273 324 280 260 259 256
EPS in Rs 14.59 14.65 20.63 20.19 25.96 37.37 28.43 28.87 34.25 29.64 27.62 27.52 27.22
Raw PDF

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 4,384
1,437 1,573 1,593 1,484 1,607 1,906 2,406 2,285 2,220 2,841 3,663 3,513 3,210
Operating Profit 314 506 589 613 639 540 664 685 661 726 1,245 1,340 1,173
OPM % 18% 24% 27% 29% 28% 22% 22% 23% 23% 20% 25% 28% 27%
21 2 83 101 104 122 121 142 170 156 235 281 335
Interest 10 10 8 8 8 11 11 10 8 8 25 33 25
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 1,383
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 1,056
EPS in Rs 22.35 34.45 45.69 48.44 48.43 47.00 54.16 62.59 60.02 65.70 111.95 120.39 112.00
Dividend Payout % 18% 17% 18% 37% 17% 17% 17% 43% 15% 14% 14% 13%
Compounded Sales Growth
10 Years: 9%
5 Years: 10%
3 Years: 19%
TTM: -13%
Compounded Profit Growth
10 Years: 13%
5 Years: 19%
3 Years: 28%
TTM: -13%
Stock Price CAGR
10 Years: 11%
5 Years: 16%
3 Years: 22%
1 Year: -1%
Return on Equity
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
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%

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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