AIA Engineering Ltd - Stock Valuation and Financial Performance

BSE: 532683 | NSE: AIAENG | Castings/Forgings | Mid Cap

AIA Engineering Share Price

3,634.65 -0.90 -0.02%
as on 19-Mar'24 14:01

DeciZen - make an informed investing decision on AIA Engineering

Overall Rating
Bole Toh

1. Quality

2. Valuation

Overvalued

3. Price Trend

Semi Strong

AIA Engineering stock performance -

mw4me loader
P/E Ratio (CD):
29.99
Market Cap:
34,290.6 Cr.
52-wk low:
2,621
52-wk high:
4,624.5

Is AIA Engineering Ltd an attractive stock to invest in?

1. Is AIA Engineering Ltd a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that AIA Engineering Ltd is a good quality company.

2. Is AIA Engineering Ltd undervalued or overvalued?

The key valuation ratios of AIA Engineering Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.

3. Is AIA Engineering Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of AIA Engineering Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of AIA Engineering:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
AIA Engineering Ltd has performed well in majority of the past ten years indicating its past ten year financial track record is very good

Value Creation

Value Creation Index Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % 23.4%19.7%17.5%14.9%13%14.1%15.3%12.7%12.7%18.3%-
Value Creation
Index
0.70.50.30.10.00.00.1-0.1-0.10.6-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 2,0802,1842,0982,2462,4453,0702,9702,8813,5674,9094,893
Sales YoY Gr.-5%-3.9%7%8.9%25.5%-3.2%-3%23.8%37.6%-
Adj EPS 4241.94341.940.549.959.854.961.3104.5121.2
YoY Gr.--0.4%2.8%-2.6%-3.3%23.1%19.9%-8.2%11.8%70.4%-
BVPS (₹) 184.3220.9246.3288.1319.1372.5392.4450504.1603.4679.6
Adj Net
Profit
3963954063953824715645185799861,143
Cash Flow from Ops. 452307595231294190679598-39.6868-
Debt/CF from Ops. 0.30.30.30.60.40.70.20.3-0.10.6-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 10%15%18.2%37.6%
Adj EPS 10.7%20.9%20.5%70.4%
BVPS14.1%13.6%15.4%19.7%
Share Price 20.5% 16.2% 24.9% 30%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
25.120.718.415.713.414.415.61312.918.918.9
Op. Profit
Mgn %
27.826.929.328.422.121.623.12320.425.427.6
Net Profit
Mgn %
19.118.119.317.615.615.4191816.220.123.4
Debt to
Equity
0.10.10.10.1000000.1-
Working Cap
Days
165172180179200190210307368305198
Cash Conv.
Cycle
97105113119133133154154154129165

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 18.90%

Sales growth is growing at healthy rate in last 3 years 18.23%

Net Profit is growing at healthy rate in last 3 years 20.46%

Sales growth is not so good in last 4 quarters at 5.61%

Latest Financials - AIA Engineering Ltd.

Standalone Consolidated
TTM EPS (₹) 103.1 121.2
TTM Sales (₹ Cr.) 4,142 4,893
BVPS (₹.) 643.9 679.6
Reserves (₹ Cr.) 6,055 6,391
P/BV 5.65 5.35
PE 35.26 29.99
From the Market
52 Week Low / High (₹) 2621.00 / 4624.50
All Time Low / High (₹) 78.24 / 4624.50
Market Cap (₹ Cr.) 34,291
Equity (₹ Cr.) 18.9
Face Value (₹) 2
Industry PE 32.1

Management X-Ray of AIA Engineering:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of AIA Engineering

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Sales2,0802,1842,0982,2462,4453,0702,9702,8813,5674,909
Operating Expenses 1,5751,5961,4861,6071,9062,4062,2852,2222,8413,663
Manufacturing Costs442539492558568747666596677798
Material Costs7967627157429641,2251,1731,1431,4712,066
Employee Cost 8998102107113126134134139152
Other Costs 247198176200260308311350554648
Operating Profit 5055876136395406636856597261,245
Operating Profit Margin (%) 24.3%26.9%29.2%28.4%22.1%21.6%23.1%22.9%20.3%25.4%
Other Income 3384102104122121142172156235
Interest 108881111108925
Depreciation 38706672667998949293
Exceptional Items -31000000000
Profit Before Tax 4605946416625856947197307811,362
Tax 134163184205141183128164162306
Profit After Tax 3264314574574445115905666201,057
PAT Margin (%) 15.7%19.7%21.8%20.4%18.1%16.7%19.9%19.6%17.4%21.5%
Adjusted EPS (₹)34.545.748.448.447.054.262.660.065.7112.0
Dividend Payout Ratio (%)17%18%37%17%17%17%43%15%14%14%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23

Equity and Liabilities

Shareholders Fund 1,7392,0842,3232,7173,0093,5143,7014,2444,7555,691
Share Capital 19191919191919191919
Reserves 1,7202,0652,3042,6982,9903,4953,6824,2254,7365,672
Minority Interest8888999989
Debt9064151116123128971843496
Long Term Debt87552500150010
Short Term Debt39125115123113971842496
Trade Payables13311998137158174136166197261
Others Liabilities 2632742122122592082181,7651,6111,911
Total Liabilities 2,2332,5492,7913,1903,5594,0334,1626,3696,5748,368

Fixed Assets

Gross Block6158481,0288459091,1551,2931,2831,3521,656
Accumulated Depreciation226296355175238311403472562653
Net Fixed Assets3895516726706718458908117901,003
CWIP 100463843976032161210107
Investments 5296379469601,0921,1451,4188091,0552,254
Inventories3514603895345537867787551,2261,218
Trade Receivables431394430495600706648638800861
Cash Equivalents 2201871242482652161551,395506806
Others Assets2132741912412802752401,7991,9862,119
Total Assets 2,2332,5492,7913,1903,5594,0334,1626,3696,5748,368

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 452307595231294190679598-40868
PBT 4605946416625856947197307811,362
Adjustment 345947-27-25-16-13-6-57-38
Changes in Working Capital 71-15381-243-105-30812360-601-152
Tax Paid -113-193-174-162-161-181-149-184-163-304
Cash Flow From Investing Activity -420-257-449-16-205-164-311-351100-1,208
Capex -110-182-177-80-137-199-131-123-125-192
Net Investments -330-102-28158-7422-203-257149-1,075
Others 20279661323297659
Cash Flow From Financing Activity -91-83-208-91-1580-42967-267395
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 0-28000150-151-1
Interest Paid -6-4-5-5-7-7-4-3-4-17
Dividend Paid -44-57-289-44-1330-3990-76-77
Others -40685-42-18-8-2585-189491
Net Cash Flow -59-33-63123-6926-60314-20754
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)20.6422.5520.7318.1415.4915.6816.3614.2413.7720.23
ROCE (%)27.3229.7927.692519.920.8319.5517.917.1925.34
Asset Turnover Ratio1.060.940.810.780.730.810.730.550.550.66
PAT to CFO Conversion(x)1.390.711.30.510.660.371.151.06-0.060.82
Working Capital Days
Receivable Days65676973817883817462
Inventory Days646671738080969710191
Payable Days56605558564948484540

AIA Engineering Ltd Stock News

AIA Engineering Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of AIA Engineering on 19-Mar-2024 14:01 is ₹3,634.7.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 19-Mar-2024 14:01 the market cap of AIA Engineering stood at ₹34,290.6.
The latest P/E ratio of AIA Engineering as of 19-Mar-2024 14:01 is 35.26.
The latest P/B ratio of AIA Engineering as of 19-Mar-2024 14:01 is 5.65.
The 52-week high of AIA Engineering is ₹4,624.5 and the 52-week low is ₹2,621.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of AIA Engineering is ₹4,142 ( Cr.) .

About AIA Engineering Ltd

AIA Engineering, a certified ISO 9001 company, specializes in the design, development, manufacture, installation and servicing of high chromium wear, corrosion and abrasion resistant castings used in the cement, mining and thermal power generation industries. Vega Industries is a wholly owned subsidiary of AIA Engineering, exclusively supplying its products, providing customer support and technical services to customers from its offices worldwide.

The company’s philosophy is to provide customers with optimized solutions through technical evaluation of their requirements, thereby providing specifically designed solutions in ideal metallurgy for the application, plus offering process optimization services worldwide. As a result of this approach, the Group is today the leading company for Quality, Services and Innovation in its field with an enviable reputation providing Global Solutions.

Business area of the company

The company is specializes in four business zones namely:

Cement: The Group Industries has its origins in the cement manufacturing industry and its continued success in this sector has enabled it to continually develop new products that can be demonstrated to provide reduced maintenance costs and improved cost-effectiveness for customers. For Tube Mill applications, the company manufactures and supplies Grinding media, Shell liners, Diaphragms (partition wall, discharge diaphragms, drying chamber diaphragms and dopple rotator diaphragms).

Mining: The Group Industries has developed new alloys and manufacturing techniques that provide improved wear components for all types of minerals including iron, gold, lead/zinc, bauxite, copper and phosphates, etc.

Power: Processing fuel is a critical part of the cost of power generation.  By designing components that significantly reduce downtime and maintenance costs, the Group is helping power plants worldwide to keep down generating costs.

Aggregate: The Group Industries has developed new alloys and manufacturing techniques that provide improved wear components for all types of minerals including iron, gold, lead/zinc, bauxite, copper and phosphates.

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