AIA Engineering Ltd - Stock Valuation and Financial Performance

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

AIA Engineering Share Price

3,857.50 -45.10 -1.16%
as on 31-Oct'24 16:01

DeciZen - make an informed investing decision on AIA Engineering

Overall Rating
Bole Toh

1. Quality

2. Valuation

Overvalued

3. Price Trend

AIA Engineering stock performance -

mw4me loader
P/E Ratio (CD):
33.80
Market Cap:
35,711.8 Cr.
52-wk low:
3,410
52-wk high:
4,940

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 Weak which suggest that the price of AIA Engineering Ltd is likely to Fall 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'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
ROCE % 29.8%27.7%25%19.9%20.8%19.6%17.9%17.2%25.3%22.9%-
Value Creation
Index
1.21.10.90.50.50.50.30.31.31.0-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 2,1842,0982,2462,4453,0702,9702,8813,5674,9094,8544,313
Sales YoY Gr.--3.9%7%8.9%25.5%-3.2%-3%23.8%37.6%-1.1%-
Adj EPS 4246.346.544.35259.854.961.3104.5118.8113.2
YoY Gr.-10.3%0.4%-4.6%17.2%15%-8.2%11.8%70.4%13.6%-
BVPS (₹) 220.9246.3288.1319.1372.5392.4450504.1603.4705.9685.8
Adj Net
Profit
3964374394184905645185799861,1201,056
Cash Flow from Ops. 307595231294190679598-39.6868903-
Debt/CF from Ops. 0.30.30.60.40.70.20.3-0.10.60.5-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 9.3%9.6%19%-1.1%
Adj EPS 12.3%18%29.3%13.6%
BVPS13.8%13.6%16.2%17%
Share Price 15.2% 18.1% 25.9% 4.8%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
Return on
Equity %
20.719.817.414.61515.61312.918.918.116.3
Op. Profit
Mgn %
26.929.328.422.121.623.12320.425.427.627.2
Net Profit
Mgn %
18.120.819.517.116191816.220.123.124.5
Debt to
Equity
0.10.10.1000000.10.10
Working Cap
Days
172180179200190210307368241194238
Cash Conv.
Cycle
105113119133133154154154129133213

Recent Performance Summary

Sales growth is growing at healthy rate in last 3 years 18.98%

Net Profit is growing at healthy rate in last 3 years 29.34%

Return on Equity has declined versus last 3 years average to 16.30%

Sales growth is not so good in last 4 quarters at -12.91%

Latest Financials - AIA Engineering Ltd.

Standalone Consolidated
TTM EPS (₹) 116.7 113.2
TTM Sales (₹ Cr.) 3,677 4,313
BVPS (₹.) 659.5 685.8
Reserves (₹ Cr.) 6,136 6,381
P/BV 5.80 5.58
PE 32.80 33.80
From the Market
52 Week Low / High (₹) 3410.00 / 4940.00
All Time Low / High (₹) 78.24 / 4940.00
Market Cap (₹ Cr.) 35,712
Equity (₹ Cr.) 18.7
Face Value (₹) 2
Industry PE 33.5

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'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Sales2,1842,0982,2462,4453,0702,9702,8813,5674,9094,854
Operating Expenses 1,5961,4861,6071,9062,4062,2852,2222,8413,6633,515
Manufacturing Costs539492558568747666596677798776
Material Costs7627157429641,2251,1731,1431,4712,0662,073
Employee Cost 98102107113126134134139152171
Other Costs 198176200260308311350554648495
Operating Profit 5876136395406636856597261,2451,339
Operating Profit Margin (%) 26.9%29.2%28.4%22.1%21.6%23.1%22.9%20.3%25.4%27.6%
Other Income 84102104122121142172156235281
Interest 888111110892533
Depreciation 706672667998949293100
Exceptional Items 0000000000
Profit Before Tax 5946416625856947197307811,3621,488
Tax 163184205141183128164162306351
Profit After Tax 4314574574445115905666201,0571,137
PAT Margin (%) 19.7%21.8%20.4%18.1%16.7%19.9%19.6%17.4%21.5%23.4%
Adjusted EPS (₹)45.748.448.447.054.262.660.065.7112.0120.4
Dividend Payout Ratio (%)18%37%17%17%17%43%15%14%14%13%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24

Equity and Liabilities

Shareholders Fund 2,0842,3232,7173,0093,5143,7014,2444,7555,6916,658
Share Capital 19191919191919191919
Reserves 2,0652,3042,6982,9903,4953,6824,2254,7365,6726,639
Minority Interest88899998910
Debt64151116123128971843496455
Long Term Debt5525001500100
Short Term Debt9125115123113971842496455
Trade Payables11998137158174136166197261179
Others Liabilities 2742122122592082181,7651,611173193
Total Liabilities 2,5492,7913,1903,5594,0334,1626,3696,5746,6307,494

Fixed Assets

Gross Block8481,0288459091,1551,2931,2831,3521,6561,857
Accumulated Depreciation296355175238311403472562653746
Net Fixed Assets5516726706718458908117901,0031,110
CWIP 46384397603216121010792
Investments 6379469601,0921,1451,4188091,0552,2543,043
Inventories4603895345537867787551,2261,2181,205
Trade Receivables394430495600706648638800861880
Cash Equivalents 1871242482652161551,395506806554
Others Assets2741912412802752401,7991,986381610
Total Assets 2,5492,7913,1903,5594,0334,1626,3696,5746,6307,494

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Cash Flow From Operating Activity 307595231294190679598-40868903
PBT 5946416625856947197307811,3621,488
Adjustment 5947-27-25-16-13-6-57-38-147
Changes in Working Capital -15381-243-105-30812360-601-152-111
Tax Paid -193-174-162-161-181-149-184-163-304-328
Cash Flow From Investing Activity -257-449-16-205-164-311-351100-1,208-819
Capex -182-177-80-137-199-131-123-125-192-210
Net Investments -102-28158-7422-203-257149-1,075-790
Others 279661323297659181
Cash Flow From Financing Activity -83-208-91-1580-42967-267395-211
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing -28-3100150-151-10
Interest Paid -4-5-5-7-7-4-3-4-17-27
Dividend Paid -57-289-44-1330-3990-76-77-137
Others 6116-42-18-8-2585-189491-47
Net Cash Flow -33-63123-6926-60314-20754-127
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Ratios
ROE (%)22.5520.7318.1415.4915.6816.3614.2413.7720.2318.41
ROCE (%)29.7927.692519.920.8319.5517.917.1925.3422.88
Asset Turnover Ratio0.940.810.780.730.810.730.550.550.740.69
PAT to CFO Conversion(x)0.711.30.510.660.371.151.06-0.060.820.79
Working Capital Days
Receivable Days67697381788381746265
Inventory Days667173808096971019191
Payable Days60555856494848454039

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 31-Oct-2024 16:01 is ₹3,857.5.
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 31-Oct-2024 16:01 the market cap of AIA Engineering stood at ₹35,711.8.
The latest P/E ratio of AIA Engineering as of 31-Oct-2024 16:01 is 32.80.
The latest P/B ratio of AIA Engineering as of 31-Oct-2024 16:01 is 5.80.
The 52-week high of AIA Engineering is ₹4,940 and the 52-week low is ₹3,410.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of AIA Engineering is ₹3,677 ( 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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