AIA Engineering Limited (IN:AIAENG)
:AIAENG
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AIA Engineering Limited
(AIAENG)
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Rating:78Outperform
Price Target:
₹5,049.00
▲(23.41% Upside)
Action:Reiterated
Date:05/28/26
The score is driven primarily by strong financial quality—especially an exceptionally low-debt balance sheet and strong margins—supported by a positive technical trend (price above key moving averages with positive MACD). Offsetting factors are a relatively high P/E with a low dividend yield and some historical revenue and cash-flow volatility.
Positive Factors
Margin Sustainability
AIAENG's historically high gross (48–60%) and net (17–29%) margins indicate durable pricing power and cost structure benefits from high-chrome product specialization. Such margin levels provide operating leverage, support reinvestment and returns through cycles, and cushion profit variability from demand swings.
Negative Factors
Revenue Volatility
Revenue has shown cyclical swings with declines in FY2024–FY2025 and only modest recovery in FY2026. This uneven top-line trend reflects sensitivity to industrial demand and makes forecasting sales, capacity planning and long-range investment decisions more challenging for management.
Read all positive and negative factors
Positive Factors
Negative Factors
Margin Sustainability
AIAENG's historically high gross (48–60%) and net (17–29%) margins indicate durable pricing power and cost structure benefits from high-chrome product specialization. Such margin levels provide operating leverage, support reinvestment and returns through cycles, and cushion profit variability from demand swings.
Read all positive factors
AIA Engineering Limited (AIAENG) vs. iShares MSCI India ETF (INDA)
Market Cap
₹412.76B
Dividend Yield0.41%
Average Volume (3M)7.57K
Price to Earnings (P/E)32.1
Beta (1Y)0.69
Revenue Growth3.09%
EPS Growth20.06%
CountryIN
Employees1,337
SectorBasic Materials
Sector Strength58
IndustryIndustrial - Machinery
Share Statistics
EPS (TTM)120.75
Shares Outstanding93,320,370
10 Day Avg. Volume6,498
30 Day Avg. Volume7,567
Financial Highlights & Ratios
PEG Ratio1.32
Price to Book (P/B)4.23
Price to Sales (P/S)7.68
P/FCF Ratio69.86
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)134.26
Revenue Forecast (FY)₹48.36B
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 primarily by manufacturing and selling wear-resistant consumable components used in comminution (grinding/crushing) circuits—most notably high-chrome grinding media (balls/cylpebs) and mill liners. Revenue is generated ...
AIA Engineering Limited Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
92
Very Positive
Cash Flow
71
Positive
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 42.92B | 44.20B | 42.87B | 48.54B | 49.09B | 35.67B |
| Gross Profit | 26.59B | 21.16B | 25.26B | 27.57B | 28.20B | 20.74B |
| EBITDA | 12.79B | 12.61B | 11.44B | 13.31B | 12.36B | 7.16B |
| Net Income | 11.27B | 12.70B | 10.61B | 11.36B | 10.56B | 6.20B |
Balance Sheet | ||||||
| Total Assets | 88.89B | 85.38B | 78.34B | 74.95B | 66.31B | 51.26B |
| Cash, Cash Equivalents and Short-Term Investments | 52.84B | 43.84B | 42.63B | 35.16B | 30.54B | 15.56B |
| Total Debt | 10.22B | 102.67M | 4.91B | 4.61B | 5.03B | 98.31M |
| Total Liabilities | 15.12B | 5.04B | 8.97B | 8.27B | 9.31B | 3.62B |
| Stockholders Equity | 73.67B | 80.25B | 69.27B | 66.58B | 56.91B | 47.55B |
Cash Flow | ||||||
| Free Cash Flow | 4.55B | 4.86B | 10.25B | 6.92B | 6.73B | -1.65B |
| Operating Cash Flow | 4.98B | 5.90B | 11.62B | 9.03B | 8.68B | -392.19M |
| Investing Cash Flow | -9.37B | -1.57B | -1.94B | -8.19B | -12.08B | 998.54M |
| Financing Cash Flow | 3.80B | -6.26B | -7.43B | -2.11B | 3.95B | -2.68B |
AIA Engineering Limited Technical Analysis
Positive
4091.10
Price Trends
3830.99
Positive
3869.16
Positive
3617.18
Positive
Market Momentum
77.11
Negative
75.01
Negative
79.91
Neutral
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 3958.40, above the 50-day MA of 3830.99, and above the 200-day MA of 3617.18, indicating a bullish trend. The MACD of 77.11 indicates Negative momentum. The RSI at 75.01 is Negative, neither overbought nor oversold. The STOCH value of 79.91 is Neutral, 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 |
|---|---|---|---|---|---|---|---|
78 Outperform | ₹412.76B | 32.14 | ― | 0.41% | 3.09% | 20.06% | |
77 Outperform | ₹794.44B | 13.73 | ― | 3.62% | 6.29% | 10.05% | |
65 Neutral | ₹181.55B | 37.38 | ― | 0.60% | -13.35% | -11.28% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
61 Neutral | ₹120.18B | 55.19 | ― | 0.10% | 5.70% | 7.09% | |
59 Neutral | ₹85.49B | 50.12 | ― | 0.55% | 8.27% | ― | |
54 Neutral | ₹83.56B | 28.15 | ― | 0.63% | 19.58% | 34.44% |
* Basic Materials Sector Average
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AIA Engineering Limited Corporate Events
AIA Engineering launches e-voting postal ballot to secure shareholder approval
Apr 28, 2026
AIA Engineering Limited has notified exchanges that it has published newspaper advertisements in English and Gujarati announcing a postal ballot process, along with details of remote e-voting and related shareholder information. The move reflects ...
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...
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.