AIA Engineering Ltd.
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ABOUT
AI Sector View
AI GENERATEDCapital Goods
Capital goods is supported by strong public capex and still-expansionary industrial activity. Capital expenditure rose 66% YoY (2026-06), GST collections grew 8% YoY (2026-07), and the core industries Overall Index increased 5.4% YoY (2026-07). E-way bills slowed to 6% YoY (2026-07) and sector FPI flows show INR -9697 crore net outflow over 3 months to 2026-08-31, but the investment cycle and fiscal impulse remain favorable.
PROS
- Company is almost debt free
- Company has a healthy return on capital (ROCE) of 21.1%
- Company has consistently been profitable over the last 5 years
- Company has a consistent dividend-paying track record
- Company generates healthy free cash flow
CONS
- Receivables are growing faster than sales - a possible quality concern
- A large part of profit comes from other income (29.8% of PBT)
- Though reporting repeated profits, the company pays out little dividend (11.8%)
- Growth is decelerating - 3Y profit CAGR (6.3%) trails the 5Y trend (17.5%)
- Expensive relative to growth - PEG of 4.8
* The pros and cons are machine generated based on quantitative rules.
Peer comparison
| Name | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| AIAENG | 4092.90 | 30.16 | 38195.09 | 0.39 | 300.99 | -1.37 | 1168.02 | 13.84 | 21.16 | 26.89 |
| PTCIL | 23691.75 | 282.81 | 35519.97 | 0.00 | 29.19 | 466.19 | 191.80 | 97.42 | 8.43 | 25.49 |
| STEELCAS | 323.45 | 36.09 | 3273.31 | 0.53 | 23.71 | 19.28 | 124.82 | 16.99 | 32.41 | 25.63 |
| ALICON | 730.00 | 32.76 | 1198.06 | 0.68 | 114.46 | 1128.90 | 5780.06 | 1279.12 | 9.50 | 9.38 |
| NELCAST | 109.05 | 23.10 | 948.75 | 0.64 | 5.14 | -58.92 | 341.05 | 2.77 | 11.46 | 4.62 |
| SGIL | 590.80 | 197.20 | 918.28 | 0.00 | -10.11 | — | 75.15 | -22.90 | 9.07 | 6.30 |
| SIMPLEXCAS | 113.70 | 37.56 | 459.94 | 0.00 | 0.80 | 102.97 | 195.62 | -5.47 | 24.10 | 18.14 |
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
| Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1,220 | 1,274 | 1,147 | 1,131 | 1,005 | 1,031 | 1,050 | 1,141 | 1,026 | 1,030 | 1,049 | 1,251 | 1,168 | |
| 897 | 913 | 858 | 853 | 731 | 769 | 783 | 855 | 733 | 751 | 776 | 904 | 890 | |
| Operating Profit | 324 | 361 | 289 | 278 | 274 | 262 | 267 | 286 | 293 | 279 | 272 | 347 | 278 |
| OPM % | 26.53% | 28.35% | 25.18% | 24.59% | 27.23% | 25.42% | 25.42% | 25.05% | 28.60% | 27.08% | 25.96% | 27.77% | 23.84% |
| 60 | 62 | 83 | 76 | 82 | 90 | 67 | 92 | 108 | 98 | 132 | 132 | 111 | |
| Interest | 8 | 7 | 7 | 6 | 6 | 5 | 1 | 8 | 7 | 8 | 16 | 5 | 0 |
| Depreciation | 24 | 25 | 27 | 25 | 25 | 24 | 26 | 28 | 28 | 28 | 28 | 29 | 29 |
| Profit before Tax | 371 | 412 | 360 | 343 | 339 | 337 | 323 | 357 | 380 | 360 | 378 | 460 | 395 |
| Tax % | 26.50% | 21.43% | 22.51% | 24.27% | 23.93% | 24.02% | 21.19% | 21.76% | 21.15% | 22.94% | 22.46% | 16.31% | 23.81% |
| Net Profit | 0 | 0 | 0 | 0 | 259 | 256 | 259 | 285 | 305 | 277 | 293 | 393 | 301 |
| 28.87 | 34.26 | 29.64 | 27.63 | 27.52 | 27.29 | 27.78 | 30.55 | 32.69 | 29.73 | 31.54 | 42.15 | 32.27 |
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 2,246 | 2,445 | 3,069 | 2,970 | 2,881 | 3,567 | 4,909 | 4,854 | 4,287 | 4,420 | 4,498 | |
| 1,607 | 1,906 | 2,406 | 2,285 | 2,222 | 2,841 | 3,663 | 3,515 | 3,134 | 3,158 | 3,321 | |
| Operating Profit | 639 | 540 | 663 | 685 | 659 | 726 | 1,245 | 1,339 | 1,154 | 1,261 | 1,177 |
| OPM % | 28.43% | 22.07% | 21.61% | 23.06% | 22.87% | 20.34% | 25.37% | 27.58% | 26.91% | 28.54% | 26.17% |
| 104 | 122 | 121 | 142 | 172 | 156 | 235 | 281 | 332 | 471 | 473 | |
| Interest | 8 | 11 | 11 | 10 | 8 | 9 | 25 | 33 | 26 | 42 | 30 |
| Depreciation | 72 | 66 | 79 | 98 | 94 | 92 | 93 | 100 | 103 | 113 | 114 |
| Profit before Tax | 662 | 585 | 694 | 719 | 730 | 781 | 1,362 | 1,488 | 1,368 | 1,592 | 1,593 |
| Tax % | 30.94% | 24.17% | 26.35% | 17.87% | 22.47% | 20.69% | 22.43% | 23.59% | 22.53% | 20.28% | 21.13% |
| Net Profit | 457 | 444 | 511 | 590 | 566 | 620 | 1,057 | 1,137 | 1,060 | 1,269 | 1,257 |
| EPS | 48.43 | 47.00 | 54.16 | 62.59 | 60.02 | 65.70 | 111.95 | 120.40 | 113.67 | 136.11 | — |
| Dividend Payout % | 16.52% | 17.02% | 16.62% | 43.14% | 14.99% | 13.70% | 14.29% | 13.29% | 14.08% | 11.76% | — |
COMPOUNDED SALES GROWTH
- 10 Years:
- 8%
- 5 Years:
- 9%
- 3 Years:
- -3%
COMPOUNDED PROFIT GROWTH
- 10 Years:
- 11%
- 5 Years:
- 18%
- 3 Years:
- 6%
STOCK PRICE CAGR
- 10 Years:
- 13%
- 5 Years:
- 14%
- 3 Years:
- 4%
- 1 Year:
- 35%
RETURN ON EQUITY
- 10 Years:
- 16%
- 5 Years:
- 17%
- 3 Years:
- 17%
- Last Year:
- 17%
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 19 | 19 | 19 | 19 | 19 | 19 | 19 | 19 | 19 | 19 |
| Minority Interest | 8 | 9 | 9 | 9 | 9 | 8 | 9 | 10 | 10 | 9 |
| 2,698 | 2,990 | 3,495 | 3,682 | 4,225 | 4,736 | 5,672 | 6,639 | 6,908 | 8,007 | |
| 116 | 123 | 128 | 108 | 190 | 6 | 499 | 458 | 487 | 12 | |
| Trade Payables | 137 | 158 | 174 | 136 | 166 | 197 | 261 | 179 | 197 | 220 |
| 212 | 259 | 208 | 207 | 1,760 | 1,608 | 170 | 190 | 212 | 266 | |
| Total Liabilities | 3,190 | 3,559 | 4,033 | 4,162 | 6,369 | 6,574 | 6,630 | 7,494 | 7,833 | 8,532 |
| 670 | 671 | 845 | 890 | 811 | 790 | 1,003 | 1,110 | 1,175 | 1,233 | |
| Capital Work in Progress | 43 | 97 | 60 | 32 | 161 | 210 | 107 | 92 | 77 | 16 |
| 960 | 1,092 | 1,145 | 1,418 | 809 | 1,055 | 2,254 | 3,043 | 3,919 | 4,302 | |
| 534 | 553 | 786 | 778 | 755 | 1,226 | 1,218 | 1,205 | 1,017 | 1,256 | |
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 880 | 826 | 1,169 | |
| Cash & Bank | 248 | 265 | 216 | 155 | 1,395 | 506 | 806 | 554 | 438 | 224 |
| 736 | 880 | 981 | 888 | 2,438 | 2,787 | 1,242 | 610 | 382 | 333 | |
| Total Assets | 3,190 | 3,559 | 4,033 | 4,162 | 6,369 | 6,574 | 6,630 | 7,494 | 7,833 | 8,532 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 393 | 455 | 370 | 828 | 783 | 123 | 1,172 | 903 | 1,162 | 592 | |
| Cash from Investing | -16 | -205 | -164 | -311 | -351 | 100 | -1,208 | -819 | -194 | -124 |
| Cash from Financing | -91 | -158 | -0 | -429 | 67 | -267 | 395 | -211 | -743 | -660 |
| 123 | -69 | 26 | -60 | 314 | -207 | 54 | -127 | 225 | -193 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
Documents
Corporate disclosures, annual reports, credit ratings, and concall transcripts
2026-08-22 - AIA Engineering Limited has informed the Exchange about Copy of Newspaper Publication informing about the 36th Annual General Meeting of the Company scheduled to be held on Tuesday, 15th September, 2026, Remote E-voting facility and Record Date to its Members.
2026-08-17 - AIA Engineering Limited has informed the Exchange about Copy of Newspaper Publication - for attention of Equity Shareholders of the Company in respect of information regarding 36th Annual General Meeting of the Company to be held on 15th September, 2026 through Video Conferencing (VC)/Other Audio Visual Means (OAVM).
2026-08-14 - AIA Engineering Limited has informed the Exchange about Copy of Newspaper Publication - for attention of Equity Shareholders of the Company in respect of information regarding 36th Annual General Meeting of the Company to be held on 15th September, 2026 through Video Conferencing (VC)/Other Audio Visual Means (OAVM)
2026-08-14 - AIA Engineering Limited has informed the Exchange about Transcript
2026-08-12 - AIA Engineering Limited has informed the Exchange about Link of Audio Recording of conference call
2026-08-12 - AIA Engineering Limited has informed the Exchange about Investor Presentation
2026-08-12 - AIA Engineering Limited has submitted to the Exchange, the financial results for the quarter ended Jun 30, 2026.
2026-08-06 - AIA Engineering Limited has informed the Exchange about Schedule of quarterly earning/conference call.
2026-07-07 - AIA Engineering Limited has informed the Exchange about Certificate under SEBI (Depositories and Participants) Regulations, 2018
News
Recent coverage and analyst commentary for AIAENG
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