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AIA Engineering

AIAENG
Mid Cap
(%) 1D
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1D1W1M3M6M1YMAX

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AIA Engineering Share price and Fundamental Analysis

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AIA Engineering Ltd. is engaged in manufacturing of High Chrome Mill Internals. The Company designs, manufactures and markets a wide range of consumable wear parts (Mill Internals) which are used in the process of Crushing and Grinding in Cement, Mining, Thermal Power and Aggregate industries. The Company's current capacity stands at 4,40,000 MT of annual production of High Chrome Mill Internals.
Company Incorporation1991
ChairmanRajendra Shah
Head QuartersAhmedabad
Previous NameNA

Key Metrics

Market Cap (Cr)
29,502
PE Ratio
28.48
Industry P/E
53.95
PEG Ratio
-1.92
ROE
16.51%
ROCE
21.57%
ROA
14.87%
Total Debt (Cr)
126.08
Debt to Equity
0.02
Dividend Yield
0.51%
EPS
109.84
Book Value & P/B
678.52 x 4.61
Face Value
2
Outstanding Shares(Cr)
9.43
Current Ratio
15.88
EV to Sales
6.92

Included In

+More

Stock Returns

1 Week-2.16%
1 Month+0.81%
6 Months-14.57%
1 Year-17.48%
3 Years+73.51%
5 Years+86.89%

CAGR

1 Year CAGR

Revenue Growth

-1.12%

Net Profit Growth

+7.62%

Operating Profit Growth

+9.49%

Dividend Growth

-100%

Stock Returns CAGR

-17.48%
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Mar 25

Promoters : 58.50%

FIIs : 17.06%

DIIs : 22.04%

Public : 2.41%

Promoter
FII/FPI
DII
Public
Promoter Pledge stands at 0.0% of holding in March 2025 Qtr
DII Shareholding Increased by 0.19% to 22.04% in March 2025 Qtr
FII Shareholding Decreased by 0.15% to 17.06% in March 2025 Qtr

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ROE

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ROCE

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ROA

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AIA Engineering Management and History

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Company History

AIA Engineering Ltd. is engaged in manufacturing of High Chrome Mill Internals. The Company designs, manufactures and markets a wide range of consumable wear parts (Mill Internals) which are used in the process of Crushing and Grinding in Cement, Mining, Thermal Power and Aggregate industries. The Company's current capacity stands at 4,40,000 MT of annual production of High Chrome Mill Internals.

AIA Engineering Ltd was incorporated on March 11, 1991, with the name Magotteaux (India) Pvt Ltd. On November 4, 1978, Ahmedabad Induction Alloys Pvt Ltd, promoted by Mr Bhadresh K Shah was incorporated. This company was merged with AIA Engineering on April 1, 1991. The name of the company was changed to AIA Magotteaux Pvt with effect from May 11, 1992. The name of the company was further changed to AIA Engineering Ltd on May 2, 2000 due to the termination of joint venture with Magotteaux International S A, Belgium.

In the year 1995, the company made a technical collaboration with Southwestern Corporation (SWC), USA for process improvement in Raymond mills. In the year 1997, they associated with Alstom for process know-how for Stein designed mills for power plants. In September 2003, AIA Exports Pvt Ltd merged with the company with effect from April 1, 2002. In the same year, they acquired the 100% stake in Vega UK through Vega Middle East, thereby making all Vega companies wholly owned subsidiaries.

During the year 2003-04, a wholly owned subsidiary in the name of Vega Industries (Canada) Inc was incorporated in Canada. On December 31, 2004, the company acquired entire business of Gray Cast Foundry Works (GCFW), a partnership firm and the manufacturing Division of Centricast Enterprises Pvt Ltd (CEPL).

In 2005-06, the company has increased the production capacity of Castings by 1800 MT to 18600 MT. In 2006-07, they further increased the production capacity by 50000 MT to 68600 MT. In January 2007, the first phase of EOU division has commenced the trial production at their Greenfield Manufacturing facility at Moraiya in Ahmedabad.

In 2008, AIA Engineering Ltd commissioned 1 lakh Mt Grinding Media Plant. From February 2008, PCCL has become a 100% Subsidiary of the company. In 2009, AIA Engineering Ltd started supply to mining companies. In 2011, the company enhanced manufacturing capacity to 2 lakh Mt. In 2013, the company achieved the milestone of 1 lakh Mt in annual sales to mining companies.

On 19 January 2016, AIA Engineering announced that it has started commercial production under Phase I of its Greenfield project at GIDC, Kerala in Gujarat. The installed capacity under the first phase is 66,000 metric tonnes (Mt) per year. The company has completed its brownfield expansion of 14,000 Mt per year at its Trichy plant. With this expansion, the total installed capacity of wear parts of the Group will be augmented from 2.6 lakh Mt to 3.4 lakh Mt per year.

In 2017, AIA Engineering completed Phase I of GIDC Kerala plant Greenfield project in Gujarat.

On 23 May 2017, AIA Engineering informed the stock exchanges that Magotteaux International S.A. Belgium has initiated arbitral proceedings against the company and its managing director Mr. Bhadresh K Shah before the International Chamber of Commerce, London (ICC) and has claimed the reliefs of injunction and damages inter alia alleging infringement of its patent by AIA Engineering in relation to its Sintercast product and breach of the Settlement Deed in relation to its Sintercast product. According to Magotteaux, in its request for initiating Arbitration, the amount in controversy in the arbitral dispute is approximately USD 60 million, including costs and damages. AIA Engineering said it disputes this request and denies the allegations made therein and is confident of successfully defending the matter in accordance with law.

As on 31 March 2018,the Company's capacity stands at 3,40,000 Mt of high chrome mill internals. The Company is in midst of expanding this capacity to 4,40,000 Mt by brownfield expansion at its existing plant in GIDC Kerala, near Ahmedabad in two phases of 50,000 Mt each. The incremental Capex to be incurred for this expansion is estimated at around Rs 350 Crore.

During the year 2017-18, Vega Industries Chile SpA and AIA Ghana Limited, step down subsidiaries of the Company were incorporated by Vega Industries (Middle East) FZC. UAE, a Wholly Owned Subsidiary of the Company.

During the year 2018-19, Vega Industries Australia Pty Ltd, step down subsidiary of the Company have been incorporated by Vega Industries (Middle East) FZC. UAE, a Wholly Owned Subsidiary of the Company.

In 2019, the Company installed 8 Wind Turbines of 2.1 MW each. The manufacturing capacity of 50000 MT Greenfield project was commissioned at Kerala GIDC, Ahmedabad.

During FY'22, the Company installed 2 Wind Turbines of total 5.4 MW, taking total renewable energy capacity to 24.3 MW.

During the year 2022-23, Company acquired 26% of Paid-up Equity Share Capital of Clean Max Meridius Private Limited and Max Meridius was made an Associate Company of the Company with effect from 21 December, 2022. The Company commissioned Mining Liners Plant with a capacity of 50,000 TPA in Quarter 2 of FY 2022-23.

AIA Engineering Share Price

AIA Engineering share price reflects investor sentiment toward the company and is impacted by various factors such as financial performance, market trends, and economic conditions. Share price is an indicator which shows the current value of the company's shares at which buyers or sellers can transact.

AIA Engineering Market Cap

Market capitalization of AIA Engineering indicates the total value of its outstanding shares. Marketcap is calculated by multiplying share price and outstanding shares of the company. It is a helpful metric for assessing the company's size and market Valuation. It also helps investors understand how AIA Engineering is valued compared to its competitors.

AIA Engineering PE Ratio

AIA Engineering PE ratio helps investors understand what is the market value of each stock compared to AIA Engineering 's earnings. A PE ratio higher than the average industry PE could indicate an overvaluation of the stock, whereas a lower PE compared to the average industry PE could indicate an undervaluation.

AIA Engineering PEG Ratio

The PEG ratio of AIA Engineering evaluates its PE ratio in relation to its growth rate. A PEG ratio of 1 indicates a fair value, a PEG ratio of less than 1 indicates undervaluation, and a PEG ratio of more than 1 indicates overvaluation.

AIA Engineering ROE (Return on Equity)

Return on Equity (ROE) measures how effectively AIA Engineering generates profit from shareholders' equity. A higher ROE of more than 20% indicates better financial performance in terms of profitability.

AIA Engineering ROCE (Return on Capital Employed)

Return on Capital Employed (ROCE) evaluates the profitability of AIA Engineering in relation to its capital employed. In simple terms, ROCE provides insight to investors as to how well the company is utilizing the capital deployed. A high ROCE of more than 20% shows that the business is making profitable use of its capital.

AIA Engineering Total Debt

Total debt of AIA Engineering shows how much the company owes to either banks or individual creditors. In simple terms, this is the amount the company has to repay. Total debt can be a very useful metric to show the financial health of the company. Total debt more than equity is considered to be a bad sign.

AIA Engineering Debt to Equity Ratio

The Debt-to-Equity (DE) ratio of AIA Engineering compares its total debt to shareholders' equity. A higher Debt to Equity ratio could indicate higher financial risk, while a lower ratio suggests that the company is managing its debt efficiently.

AIA Engineering CAGR (Compound Annual Growth Rate)

CAGR shows the consistent growth rate of AIA Engineering over a specific period, whether it is over a month, a year, or 10 years. It is a key metric to evaluate the company’s long-term growth potential. Main metrics for which CAGR is calculated are net sales, net profit, operating profit, and stock returns.

AIA Engineering Technical Analysis

Technical analysis of AIA Engineering helps investors get an insight into when they can enter or exit the stock. Key components of AIA Engineering Technical Analysis include:

Support Levels (S1, S2, S3)

There are usually multiple support levels, but the main support levels for a stock are S1, S2, S3. Support levels indicate price points where stock might get support from buyers, helping the stock stop falling and rise.

Resistance Levels (R1, R2, R3)

There are usually multiple resistance levels, but the main resistance levels for a stock are R1, R2, R3. Resistance levels represent price points where AIA Engineering shares often struggle to rise above due to selling pressure.

AIA Engineering Dividends

Dividends refer to the portion of the company’s profits distributed to its shareholders. Dividends are typically paid out in cash and reflect AIA Engineering ’s financial health and profitability.

AIA Engineering Bonus Shares

Bonus shares are usually given by companies to make the stock more affordable, increase liquidity, boost investor confidence, and more.

AIA Engineering Stock Split

Stock split increases the number of its outstanding shares by dividing each existing share into multiple shares. When the company offers a stock split, the face value of the stock reduces in the same proportion as the split ratio.

AIA Engineering Financials

The financials of AIA Engineering provide a complete view to investors about its net sales, net profit, operating profits, expenses, and overall financial health. Investors can analyze financial data to assess the company’s stability and also understand how the company has been growing financially.

AIA Engineering Profit and Loss Statements

The profit and loss statement of AIA Engineering highlights its net sales, net profit, total expenditure, and operating profits in the current financial year. This Profit and Loss statement is crucial for evaluating the profitability and financial stability of AIA Engineering .

AIA Engineering Balance Sheet

The balance sheet presents a snapshot of AIA Engineering ’s assets, liabilities, and equity of shareholders, providing insights into the financials of the company.

AIA Engineering Cashflow Statements

Cashflow statements track the company's cash inflows and outflows over a period. It is an essential tool for understanding how well the company manages its liquidity and finances.

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