AIA Engineering Limited (AIAENG) AI Stock Analysis

• Market Cap: ₹351.27B
• Dividend Yield: 0.43%
• Average Volume (3M): 7.57K
• Price to Earnings (P/E): 31.3
• Beta (1Y): 0.75
• Revenue Growth: -1.68%
• EPS Growth: 7.50%
• Country: IN
• Employees: 1,337
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Industrial - Machinery
• EPS (TTM): 29.70
• Shares Outstanding: 93,320,370
• 10 Day Avg. Volume: 6,498
• 30 Day Avg. Volume: 7,567
• PEG Ratio: -4.79
• Price to Book (P/B): 4.42
• Price to Sales (P/S): 7.15
• P/FCF Ratio: 29.89
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): 121.04
• Revenue Forecast (FY): ₹44.03B

• Rating: 73 Outperform
• Price Target: ₹4,019.00 ▲(7.09% Upside)

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

Balance Sheet Health

A high equity ratio and low debt-to-equity ratio demonstrate financial stability, providing resilience against economic downturns and flexibility for growth investments.

Cash Flow Improvement

Improved cash flow indicates effective income conversion and supports ongoing operations and strategic investments, enhancing long-term sustainability.

Profitability and Margins

Strong profit margins highlight operational efficiency and cost control, ensuring sustained profitability and competitive positioning in the industry.

Negative Factors

Revenue Decline

A recent decline in revenue could signal challenges in market demand or competitive pressures, potentially impacting future growth and market share.

Revenue Growth Volatility

Volatile revenue growth may indicate inconsistent market conditions or strategic execution, posing risks to predictable financial performance.

Operating Cash Flow Volatility

Inconsistent cash flow can affect liquidity and the ability to fund operations and investments, necessitating improved cash management practices.

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 partition walls, discharge diaphragms, drying chamber diaphragms, and dopple rotator diaphragms for tube mill applications; and grinding tables and rolls for vertical mill applications. It also provides castings for preheaters, kilns, and coolers; and wear parts for cone crushers, hammer crushers, impellor crushers, and vertical shaft impact crushers. In addition, the company offers wear components for quarrying applications. Further, it provides tube mill internals, vertical mill parts, and high-performance milling systems; and installation and commissioning supervision, and mill optimization technical services for the power industry, as well as wear components for the aggregates industry. Additionally, the company offers mill audit, turnkey installation and commissioning, stock assessment and management, and performance monitoring services. Its products are used in cement, mining, and thermal power generation industries. AIA Engineering Limited was founded in 1979 and is based in Ahmedabad, India.

How the Company Makes Money

AIA Engineering Limited generates revenue primarily through the sale of its engineered products, which include grinding media, mill liners, and other wear-resistant components. The company operates on a business-to-business (B2B) model, selling directly to large industrial clients in the mining, cement, and power sectors. Key revenue streams include the sale of these products, which are essential for improving operational efficiency and reducing downtime for its clients. Additionally, AIAENG benefits from long-term contracts and repeat orders from established customers, providing a stable income base. The company may also engage in partnerships and collaborations with other industry players to expand its product offerings and reach new markets, further contributing to its revenue growth.

AIA Engineering Limited Financial Statement Overview

Summary

AIA Engineering Limited demonstrates robust financial health with strong profitability and revenue growth. The balance sheet indicates financial stability with low leverage and high equity. Despite past fluctuations, cash flow management has significantly improved, supporting the company's growth trajectory. Minor areas for potential improvement include revenue consistency and cash flow stability.

Income Statement

AIA Engineering Limited exhibited strong financial performance with a consistent increase in total revenue over the years, culminating in a significant revenue growth rate of 31.7% from 2022 to 2023. The company maintained robust gross and net profit margins, reflecting efficient cost management and profitability. The EBIT and EBITDA margins further underscore the company's strong operational efficiency. However, a slight decline in revenue from 2024 to 2025 highlights a potential area for future improvement.

Balance Sheet

The company's balance sheet is strong, with a high equity ratio of 88.4%, indicating a solid capital structure and low financial leverage. The debt-to-equity ratio is very low at 0.07, showcasing conservative leverage usage. Return on equity is healthy at 15.3%, reinforcing the company's ability to generate profits from shareholder equity. Overall, the balance sheet reflects financial stability and a robust equity position, although the slight increase in total debt warrants monitoring.

Cash Flow

AIA Engineering Limited showed substantial improvement in cash flows, highlighted by a significant increase in free cash flow in recent years. The operating cash flow to net income ratio indicates effective conversion of income to cash flow. The free cash flow to net income ratio further supports efficient cash generation. However, the volatility in operating cash flow observed in the past raises a signal to maintain focus on consistent cash flow management.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	43.06B	42.87B	48.54B	49.09B	35.67B	28.81B
Gross Profit	25.63B	25.26B	27.57B	28.20B	20.74B	17.19B
EBITDA	11.60B	11.44B	13.31B	12.36B	7.16B	6.52B
Net Income	11.06B	10.61B	11.36B	10.56B	6.20B	5.66B
Balance Sheet
Total Assets	0.00	78.34B	74.95B	66.31B	51.26B	47.58B
Cash, Cash Equivalents and Short-Term Investments	42.63B	42.63B	35.16B	30.54B	15.56B	19.47B
Total Debt	0.00	4.91B	4.61B	5.03B	98.31M	1.93B
Total Liabilities	-69.37B	8.97B	8.27B	9.31B	3.62B	5.05B
Stockholders Equity	69.37B	69.27B	66.58B	56.91B	47.55B	42.44B
Cash Flow
Free Cash Flow	0.00	10.25B	6.92B	6.73B	-1.65B	4.74B
Operating Cash Flow	0.00	11.62B	9.03B	8.68B	-392.19M	5.98B
Investing Cash Flow	0.00	-1.94B	-8.19B	-12.08B	998.54M	-3.51B
Financing Cash Flow	0.00	-7.43B	-2.11B	3.95B	-2.68B	665.38M

AIA Engineering Limited Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 3752.75
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: 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 3752.75 is above the 20-day moving average (MA) of 3748.50, above the 50-day MA of 3447.88, and above the 200-day MA of 3283.93, indicating a bullish trend. The MACD of 117.38 indicates Positive momentum. The RSI at 56.53 is Neutral, neither overbought nor oversold. The STOCH value of 61.62 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

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
NATIONALUM	81 Outperform	₹501.77B	8.21	―	3.84%	30.80%	97.08%
AIAENG	73 Outperform	₹351.27B	31.26	―	0.43%	-1.68%	7.50%
RATNAMANI	70 Neutral	₹171.08B	29.98	―	0.58%	9.51%	14.31%
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
TEGA	61 Neutral	₹129.54B	65.19	―	0.10%	10.80%	39.83%
TRIVENI	61 Neutral	₹78.05B	29.85	―	0.71%	14.75%	-15.81%
RHIM	60 Neutral	₹98.27B	59.60	―	0.56%	8.65%	―