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    Industrial - Machinery
AIA Engineering Limited

AIA Engineering Limited

AIAENG.BO
AIA Engineering LimitedIN flagBombay Stock Exchange
4,811.20
INR
+55.00
- -
449.06BMarket Cap
AIA Engineering Limited
AIAENG.BO
(Bombay Stock Exchange)

Recent

price

4,811.20

P/E

ratio

- -

div

yld

- -

ROIC.AI

2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
TTM
FRC
123.05
143.37
178.96
213.78
223.41
217.6
229.53
251.77
314.79
304.64
299.56
373.53
514.39
507.15
450.82
- -
466.73
Revenue per Share
19.46
19.13
22.35
34.45
45.69
48.44
48.43
47
54.16
62.59
60.02
65.7
111.95
120.4
113.14
- -
136.11
Basic EPS, GAAP
-4.93
-1.41
9.92
36.11
13.2
44.19
16.85
31.19
20.11
58.03
50.28
-17.5
71.35
73.36
109.35
- -
- -
Free Cash Flow per Basic Share
2
3.5
3.52
4.72
6.08
30.6
4.71
14.11
- -
42.31
- -
8.09
8.17
14.51
14.63
- -
- -
Dividend per Share
2
2
2
2
2
2
242.1
271.93
326.08
346.04
406.24
463.03
566.1
670.47
733.69
- -
2
Book Value per Share
110.67
129.73
149.41
182.69
229.4
244.75
286.63
317.67
371.15
390.91
448.5
502.62
601.9
704.5
737.45
- -
858.26
Tangible Book Value per Share
94
94
94
94
94
94
94
94
94
94
94
94
94
94
94
- -
93
Basic Weighted Avg Shares
11,607
13,523
16,879
20,164
21,072
20,524
21,649
23,747
29,691
28,734
28,255
35,232
48,518
47,835
42,266
43,555
43,555
Sales/Revenue/Turnover
7.24
22.62
21.36
27.07
24.82
26.97
26.19
20.69
19.76
20.43
20.1
18.08
23.82
26.03
24.75
26.26
26.26
Operating Margin (%)
254
294
345
381
697
655
725
656
788
979
935
921
930
1,003
1,031
1,127
1,127
Depreciation Expense
1,836
1,805
2,108
3,250
4,309
4,569
4,568
4,434
5,108
5,904
5,661
6,197
10,559
11,356
10,607
12,702
12,702
Net Income, GAAP
25.53
28.3
27.21
29.18
27.49
28.72
30.94
24.17
26.35
17.87
22.47
20.69
22.43
23.59
22.53
20.28
20.28
Effective Tax Rate (%)
15.82
13.34
12.49
16.12
20.45
22.26
21.1
18.67
17.2
20.55
20.04
17.59
21.76
23.74
25.1
29.16
29.16
Profit Margin (%)
7,733
8,688
11,150
13,492
16,505
16,849
20,237
22,390
26,582
27,815
30,233
34,227
44,375
52,500
56,471
67,244
67,244
Working Capital
82
30
1,052
858
544
248
- -
- -
150
106
58
47
30
34
20
73
73
LT Debt
10,586
12,399
14,259
17,466
21,849
23,303
27,253
30,182
35,230
37,105
42,531
47,634
57,003
66,680
69,371
80,342
80,342
Total Equity
6.28
18.58
18.29
22.39
18.28
16.45
14.51
12.33
12.68
12.88
10.63
10.93
16.25
14.19
11.09
11.74
11.74
Return on Invested Capital (%)
58.43
326.31
167.65
196.34
320.26
275.49
34.76
17.46
17.43
17.99
15.33
14.8
20.92
18.28
15.21
35.07
35.07
Return on Capital (%)
61.74
956.62
1,117.57
1,722.69
2,284.44
2,421.92
39.68
18.29
18.11
18.62
15.96
15.12
21.76
19.47
16.07
36.83
36.83
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Sep'26
Dec'26
Mar'26
ST Debt
10,211
- -
30
LT Borrowings
- -
- -
- -
LT Finance Leases
8
- -
73
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
93
- -
93
Market Capitalization
285,060
375,597
339,526

Working Capital

FRC

•

in mil. unless spec.
Sep'26
Dec'26
Mar'26
Total Current Assets
74,998
- -
70,962
Cash, Cash Equivalents & STI
52,836
- -
44,015
Accounts Receivable, Net
7,935
- -
11,686
Inventories
11,737
- -
12,563
Total Current Liabilities
14,078
- -
3,718
Payables & Accruals
- -
- -
- -
ST Debt
10,211
- -
30
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
13.29%
13.7%
15.82%
Free Cash Flow
-48.12%
-128.81%
-52.46%
Net Income, GAAP
12.43%
20.11%
19.74%
Sales/Revenue/Turnover
8.77%
10.48%
3.05%
Total Cash Common Dividend
- -
-0.58%
-0.78%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
12,203
12,739
11,467
11,426
47,835
2025
10,047
10,305
10,501
11,413
42,266
2026
10,260
10,297
10,487
12,511
43,555

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
28.87
34.26
29.64
- -
120.4
2025
27.52
27.29
27.78
30.55
113.14
2026
32.69
29.73
31.54
42.15
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
14.51
2025
- -
- -
- -
- -
14.63
2026
- -
- -
- -
- -
- -
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Business
AIA Engineering Limited (BSE: AIAENG) manufactures and markets a wide range of high-chromium wear-, abrasion- and erosion-resistant castings used as components in pulverizing mills and material handling equipment for industries including cement, power, mining, steel, and thermal power plants; its core products include liner segments such as mill liners, bunker liners, and feeder liners, as well as manganese steel castings and alloy castings under brands like Vega and Kuttner, with additional offerings in precision engineering components and aftermarket services. The company operates manufacturing facilities primarily in India, with sales and distribution networks spanning over 65 countries across Asia, Europe, Africa, Australia, and the Americas, serving major global players in heavy industries. Founded in 1979 and headquartered in Ahmedabad, India, AIA Engineering maintains a focused business model in the industrial castings segment without notable subsidiaries or parent affiliations. In recent developments, the company reported robust financial performance in fiscal year 2025, with consolidated net sales reaching INR 48.52 billion, reflecting a 15.1% year-over-year increase driven by strong demand in export markets and capacity expansions at its Bilaspur plant. AIA Engineering announced a final dividend of INR 28 per share in July 2025, underscoring its commitment to shareholder returns amid sustained profitability, with profit after tax rising 20.9% to INR 19.22 billion. Additionally, the firm continues strategic investments in R&D for advanced wear-resistant materials and has expanded its global footprint through enhanced partnerships in key mining regions, with no major acquisitions or name changes reported in the last 1-2 years.