AIAENG

AIA Engineering Limited

Grinding media and mill liners for mining, cement and thermal power industries

Industrials›Capital Goods›Industrial Products›Castings & Forgings

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Key metrics

Price as of 2026-10-19

Stock price
₹3665.20
Market cap
34,200 Cr
Stock P/E
27.0
P/B
4.26
Dividend yield
0.4%
ROE (FY26)
15.8%
ROCE (FY26)
20.3%
Operating margin (FY26)
25.9%
OCF / EBITDA (FY26)
47.1%
OCF / EBITDA (3Y)
71.0%

Full years shown; sign in free for the trailing twelve months. Learn about these metrics →

Price & valuation

Share price and valuation multiples (P/E, P/B and more) over time.

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Compare with peers

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What you need to know

AIA Engineering makes grinding media and liners, the cast wear parts used inside the mills that grind ore and cement, and sells them mainly to mining and cement customers.

Company snapshot

2ndBy market cap

Ranked among 10 companies in Castings & Forgings.

What we see

Positives
  • ✓Net margin of 28.7% — the business keeps a healthy share of every rupee it earns.
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Statement tables · Consolidated

Switches quarterly, P&L, balance sheet, and cash flow. Key metrics and ratios stay on consolidated when available.

Amounts in ₹ Cr · tap + to expand rows

Quarterly results

Quarterly · ₹ Cr · tap + rows to expand

MetricSept 2023Dec 2023Mar 2024Jun 2024Sept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026Jun 2026
Sales1,295 Cr1,169 Cr1,150 Cr1,020 Cr1,044 Cr1,066 Cr1,157 Cr1,039 Cr1,048 Cr1,067 Cr1,266 Cr1,168 Cr
Operating expenses (approx.)913 Cr858 Cr853 Cr731 Cr769 Cr783 Cr855 Cr733 Cr751 Cr776 Cr904 Cr860 Cr
EBITDA382 Cr311 Cr297 Cr289 Cr276 Cr283 Cr302 Cr306 Cr297 Cr290 Cr363 Cr308 Cr
OPM %29.5%26.6%25.9%28.3%26.4%26.5%26.1%29.5%28.3%27.2%28.6%26.4%
Other income62 Cr83 Cr76 Cr82 Cr90 Cr67 Cr92 Cr108 Cr98 Cr135 Cr132 Cr111 Cr
Interest7 Cr7 Cr6 Cr6 Cr5 Cr0.99 Cr8 Cr7 Cr8 Cr16 Cr5 Cr0.45 Cr
Depreciation25 Cr27 Cr25 Cr25 Cr24 Cr26 Cr28 Cr28 Cr28 Cr28 Cr29 Cr29 Cr
Profit before tax412 Cr361 Cr344 Cr341 Cr337 Cr327 Cr363 Cr386 Cr360 Cr378 Cr468 Cr395 Cr
Tax %21.4%22.5%24.2%23.8%24.0%20.9%21.4%20.8%22.9%22.5%16.0%23.8%
Net profit324 Cr280 Cr260 Cr259 Cr256 Cr259 Cr285 Cr305 Cr277 Cr293 Cr393 Cr301 Cr
EPS (₹)₹34.26₹29.64₹27.62₹27.52₹27.29₹27.78₹30.55₹32.69₹29.73₹31.54₹42.15₹32.27

Profit & loss (annual)

Annual · last column is TTM · ₹ Cr · tap + to expand

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales2,320 Cr2,467 Cr3,069 Cr2,981 Cr2,881 Cr3,567 Cr4,909 Cr4,854 Cr4,287 Cr4,420 CrSign in free for the trailing twelve months
Operating expenses (approx.)1,686 Cr1,931 Cr2,410 Cr2,301 Cr2,226 Cr2,846 Cr3,668 Cr3,520 Cr3,138 Cr3,164 CrSign in free for the trailing twelve months
EBITDA635 Cr536 Cr660 Cr680 Cr655 Cr721 Cr1,241 Cr1,334 Cr1,149 Cr1,256 CrSign in free for the trailing twelve months
OPM %27.4%21.7%21.5%22.8%22.7%20.2%25.3%27.5%26.8%28.4%Sign in free for the trailing twelve months
Other income104 Cr122 Cr121 Cr142 Cr172 Cr156 Cr235 Cr281 Cr332 Cr474 CrSign in free for the trailing twelve months
Interest4 Cr7 Cr8 Cr6 Cr4 Cr4 Cr20 Cr28 Cr21 Cr37 CrSign in free for the trailing twelve months
Depreciation72 Cr66 Cr79 Cr98 Cr94 Cr92 Cr93 Cr100 Cr103 Cr113 CrSign in free for the trailing twelve months
Profit before tax662 Cr585 Cr694 Cr719 Cr730 Cr781 Cr1,362 Cr1,488 Cr1,368 Cr1,592 CrSign in free for the trailing twelve months
Tax %30.9%24.2%26.3%17.9%22.5%20.7%22.4%23.6%22.5%20.3%Sign in free for the trailing twelve months
Net profit457 Cr444 Cr511 Cr590 Cr566 Cr620 Cr1,057 Cr1,137 Cr1,060 Cr1,269 CrSign in free for the trailing twelve months
EPS (₹)₹48.43₹47.00₹54.16₹62.59₹60.02₹65.70₹111.95₹120.40₹113.14₹136.11Sign in free for the trailing twelve months
Dividend payout %————0.0%12.3%7.3%12.0%12.9%10.7%Sign in free for the trailing twelve months
Sign in free for the trailing twelve months

The latest four quarters added up, next to each full year

Balance sheet

Annual · ₹ Cr · tap + rows to expand

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity capital19 Cr19 Cr19 Cr19 Cr19 Cr19 Cr19 Cr19 Cr19 Cr19 Cr
Reserves2,698 Cr2,990 Cr3,495 Cr3,682 Cr4,225 Cr4,736 Cr5,672 Cr6,639 Cr6,908 Cr8,007 Cr
Borrowings116 Cr123 Cr128 Cr97 Cr184 Cr3 Cr496 Cr455 Cr485 Cr—
Other liabilities349 Cr417 Cr382 Cr355 Cr321 Cr359 Cr435 Cr373 Cr412 Cr504 Cr
Total liabilities3,190 Cr3,559 Cr4,033 Cr4,162 Cr4,758 Cr5,126 Cr6,631 Cr7,495 Cr7,834 Cr8,538 Cr
Fixed assets (net)648 Cr649 Cr822 Cr824 Cr752 Cr767 Cr980 Cr1,087 Cr1,094 Cr1,143 Cr
CWIP43 Cr97 Cr60 Cr32 Cr161 Cr210 Cr107 Cr92 Cr77 Cr16 Cr
Investments960 Cr1,092 Cr1,145 Cr1,418 Cr809 Cr1,055 Cr2,254 Cr3,043 Cr3,919 Cr4,302 Cr
Loans & advances——4 Cr4 Cr3 Cr2 Cr2 Cr2 Cr130 Cr131 Cr
Inventories534 Cr553 Cr786 Cr778 Cr755 Cr1,226 Cr1,218 Cr1,205 Cr1,017 Cr1,256 Cr
Trade receivables495 Cr600 Cr706 Cr648 Cr638 Cr800 Cr861 Cr880 Cr826 Cr1,169 Cr
Cash & bank242 Cr181 Cr208 Cr148 Cr462 Cr257 Cr307 Cr180 Cr397 Cr215 Cr
Other assets269 Cr386 Cr302 Cr308 Cr1,178 Cr808 Cr901 Cr1,005 Cr374 Cr306 Cr
Total assets3,190 Cr3,559 Cr4,033 Cr4,162 Cr4,758 Cr5,126 Cr6,631 Cr7,495 Cr7,834 Cr8,538 Cr

Cash flows

Annual · ₹ Cr · tap + rows to expand · last column includes FCF

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from operating activity—294 Cr190 Cr679 Cr598 Cr-39 Cr868 Cr903 Cr1,162 Cr592 Cr
Cash from investing—-205 Cr-164 Cr-311 Cr-351 Cr100 Cr-1,208 Cr-819 Cr-194 Cr-124 Cr
Cash from financing—-158 Cr-0.13 Cr-429 Cr67 Cr-268 Cr395 Cr-211 Cr-743 Cr-660 Cr
Net cash flow—-69 Cr26 Cr-60 Cr314 Cr-205 Cr51 Cr-127 Cr217 Cr-182 Cr
Free cash flow (OCF − Capex)—156 Cr-9 Cr547 Cr474 Cr-165 Cr673 Cr692 Cr1,025 Cr487 Cr

Ratios

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROCE %23.5%18.8%19.2%19.0%16.5%16.5%22.3%21.3%18.7%20.3%
ROE %16.8%14.7%14.5%15.9%13.3%13.0%18.5%17.0%15.3%15.8%
Debtor days78898479818264667096
Inventory days229204200255242242217225223270
Days payable59604443533947334347
Cash conversion cycle248232239291270285234258250319
OCF / EBITDA %—54.9%28.7%99.9%91.3%-5.4%69.9%67.7%101.1%47.1%
OCF / EBITDA % (3 years)———62.0%73.5%60.2%54.5%52.5%78.8%71.0%
Debt / equity0.040.040.040.030.040.00060.090.070.07—
Current ratio6.255.897.678.677.7812.266.078.018.1719.09
Net debt / EBITDA-0.20—-0.12-0.08-0.42-0.350.150.210.08-0.17