AIA Engineering Limited (IN:AIAENG)
:AIAENG
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AIA Engineering Limited
(AIAENG)
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Rating:73Outperform
Price Target:
₹3,697.00
▼(-9.63% Downside)
Action:ReiteratedDate:11/13/25
AIA Engineering Limited's stock is supported by strong financial performance and bullish technical indicators. However, the high valuation and overbought technical signals present potential risks. The absence of earnings call data and corporate events does not impact the overall score.
Positive Factors
Very strong balance sheet, low leverage
An equity ratio of 88.4% and near-zero debt indicate durable financial flexibility and low interest burden, letting the company fund capex, weather cyclical slowdowns, and pursue strategic investments with limited refinancing risk, supporting long-term stability.
Negative Factors
Recent revenue decline (2024-2025)
A revenue dip between 2024 and 2025 signals potential execution issues or weaker end-market demand. If prolonged, lower top-line momentum can compress operating leverage, reduce free cash flow and constrain reinvestment or margin expansion over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Very strong balance sheet, low leverage
An equity ratio of 88.4% and near-zero debt indicate durable financial flexibility and low interest burden, letting the company fund capex, weather cyclical slowdowns, and pursue strategic investments with limited refinancing risk, supporting long-term stability.
Read all positive factors
AIA Engineering Limited (AIAENG) vs. iShares MSCI India ETF (INDA)
Market Cap
₹343.34B
Dividend Yield0.41%
Average Volume (3M)7.57K
Price to Earnings (P/E)31.8
Beta (1Y)0.69
Revenue Growth-1.68%
EPS Growth7.50%
CountryIN
Employees1,337
SectorBasic Materials
Sector Strength58
IndustryIndustrial - Machinery
Share Statistics
EPS (TTM)31.80
Shares Outstanding93,320,370
10 Day Avg. Volume6,498
30 Day Avg. Volume7,567
Financial Highlights & Ratios
PEG Ratio-4.79
Price to Book (P/B)4.42
Price to Sales (P/S)7.15
P/FCF Ratio29.89
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
₹4,035.00Price Target Upside-1.37% Downside
Rating ConsensusHold
Number of Analyst Covering1
EPS Forecast (FY)132.63
Revenue Forecast (FY)₹48.42B
AIA Engineering Limited Business Overview & Revenue Model
Company Description
AIA Engineering Limited designs, develops, manufactures, installs, and servicing high chromium wear, corrosion, and abrasion resistant castings in India and internationally. The company offers grinding media; shell liners; and diaphragms, such as ...
How the Company Makes Money
AIA Engineering makes money by manufacturing and selling wear-resistant grinding media and other wear components to industrial customers that operate grinding and crushing equipment. Its revenue model is predominantly product sales tied to ongoing...
AIA Engineering Limited Financial Statement Overview
Summary
Income Statement
85
Very Positive
Balance Sheet
82
Very Positive
Cash Flow
78
Positive
| Breakdown | TTM | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 42.92B | 42.87B | 48.54B | 49.09B | 35.67B | 28.81B |
| Gross Profit | 26.59B | 25.26B | 27.57B | 28.20B | 20.74B | 17.19B |
| EBITDA | 12.79B | 11.44B | 13.31B | 12.36B | 7.16B | 6.52B |
| Net Income | 11.27B | 10.61B | 11.36B | 10.56B | 6.20B | 5.66B |
Balance Sheet | ||||||
| Total Assets | 88.89B | 78.34B | 74.95B | 66.31B | 51.26B | 47.58B |
| Cash, Cash Equivalents and Short-Term Investments | 52.84B | 42.63B | 35.16B | 30.54B | 15.56B | 19.47B |
| Total Debt | 10.22B | 4.91B | 4.61B | 5.03B | 98.31M | 1.93B |
| Total Liabilities | 15.12B | 8.97B | 8.27B | 9.31B | 3.62B | 5.05B |
| Stockholders Equity | 73.67B | 69.27B | 66.58B | 56.91B | 47.55B | 42.44B |
Cash Flow | ||||||
| Free Cash Flow | 4.55B | 10.25B | 6.92B | 6.73B | -1.65B | 4.74B |
| Operating Cash Flow | 4.98B | 11.62B | 9.03B | 8.68B | -392.19M | 5.98B |
| Investing Cash Flow | -9.37B | -1.94B | -8.19B | -12.08B | 998.54M | -3.51B |
| Financing Cash Flow | 3.80B | -7.43B | -2.11B | 3.95B | -2.68B | 665.38M |
AIA Engineering Limited Technical Analysis
Positive
4091.10
Price Trends
3789.67
Negative
3806.24
Negative
3508.53
Positive
Market Momentum
-54.56
Negative
50.84
Neutral
91.22
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:AIAENG, the sentiment is Positive. The current price of 4091.1 is above the 20-day moving average (MA) of 3610.72, above the 50-day MA of 3789.67, and above the 200-day MA of 3508.53, indicating a neutral trend. The MACD of -54.56 indicates Negative momentum. The RSI at 50.84 is Neutral, neither overbought nor oversold. The STOCH value of 91.22 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:AIAENG.
AIA Engineering Limited Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
84 Outperform | ₹748.34B | 9.05 | ― | 3.62% | 30.80% | 97.08% | |
73 Outperform | ₹343.34B | 31.83 | ― | 0.41% | -1.68% | 7.50% | |
68 Neutral | ₹155.93B | 37.97 | ― | 0.60% | 9.51% | 14.31% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
61 Neutral | ₹128.95B | 172.32 | ― | 0.10% | 10.80% | 39.83% | |
59 Neutral | ₹76.02B | 38.50 | ― | 0.55% | 8.65% | ― | |
54 Neutral | ₹86.06B | 25.39 | ― | 0.63% | 14.75% | -15.81% |
* Basic Materials Sector Average
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AIA Engineering Limited Corporate Events
AIA Engineering Executive Director (Commercial) B. F. Shah Resigns
Mar 18, 2026
AIA Engineering Limited has announced that Executive Director (Commercial) and designated Senior Management Personnel, Mr. B. F. Shah, has resigned from his position. The company confirmed that Shah, who stepped down citing personal reasons, was f...
AIA Engineering Publishes Investor Presentation on Q3 FY 2025-26 Unaudited Results
Jan 30, 2026
AIA Engineering Limited has released an investor and analyst presentation covering its unaudited financial results for the quarter and nine months ended 31 December 2025, in compliance with SEBI’s Listing Obligations and Disclosure Requireme...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.