MarketFriction

AIA Engineering Ltd

NSE AIAENG · BSE 532683 · Castings & Forgings
₹3,824.40 -1.15%
NSE close2026-10-01
52 week range3,045.00 - 5,180.00
Market cap₹35,795 Cr.
P/E28.2
Nifty 500Midcap 150 Price band 20% Delivery 51.3%

Price

Drag to pan, scroll or pinch to zoom. Ruler (or Shift + drag) measures a move.Dashed lines: 52 week high and low. Prices adjusted for splits and bonuses.

Financials

Consolidated, Rs crore
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales1,2951,1691,1501,0201,0441,0661,1571,0391,0481,0671,2661,168
Expenses913858853731769783855733751777904860
Operating Profit382311297289276283302306297290363308
OPM %30%27%26%28%26%27%26%29%28%27%29%26%
Other Income6284778391729811499132140117
Interest7766518781650
Depreciation252725252426282828282929
Profit before tax412361344341337327363386360378468395
Tax %21%22%24%24%24%21%21%21%23%22%16%24%
Net Profit324280260259256259285305277293393301
EPS in Rs34.2529.6427.6227.5227.5127.7830.5632.6929.7331.5542.1432.27
Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales2,0972,2462,4453,0702,9702,8813,5674,9094,8544,2874,4204,549
Expenses1,4841,6071,9062,4062,2852,2202,8413,6633,5133,1343,1583,291
Operating Profit6136395406646856617261,2451,3401,1541,2611,258
OPM %29%28%22%22%23%23%20%25%28%27%29%28%
Other Income101104122121142170156235281343485487
Interest88111110882533264230
Depreciation6672667998949293100103113114
Profit before tax6416625856947197307811,3621,4881,3681,5921,601
Tax %29%31%24%26%18%22%21%22%24%23%20%
Net Profit4574574445115905666201,0561,1371,0601,2691,265
EPS in Rs48.4448.4347.0054.1662.5960.0265.70111.95120.39113.67136.11135.69
Dividend Payout %37%17%17%17%43%15%14%14%13%14%12%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth8%9%-3%6%
Compounded Profit Growth12%19%7%15%
Stock Price CAGR12%15%3%26%
Return on Equity16%17%17%17%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital191919191919191919191919
Reserves2,0652,3042,6982,9903,4953,6824,2254,7365,6726,6396,9088,007
Borrowings991841401231281271931050346149110
Other Liabilities367278333426391334321361437375416497
Total Liabilities2,5492,7853,1903,5594,0334,1624,7585,1256,6307,4947,8338,532
Fixed Assets5516726706718458908117901,0031,1101,1751,233
CWIP463843976032161210107927716
Investments6379469601,0921,1451,4188091,0552,2543,0433,9194,302
Other Assets1,3141,1281,5181,6991,9841,8212,9773,0703,2663,2492,6632,981
Total Assets2,5492,7853,1903,5594,0334,1624,7585,1256,6307,4947,8338,532
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity307595231294190679598-408689031,162592
Cash from Investing Activity-257-449-16-196-162-310-351101-1,212-819-203-114
Cash from Financing Activity-83-208-91-158-0-42967-267395-211-743-660
Net Cash Flow-33-63124-6027-60314-20551-127217-182
Free Cash Flow125418151157-9548475-1656756931,027491
CFO/OP85%125%61%84%56%121%118%17%94%92%123%69%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days667580908480818264667097
Inventory Days220199263209234242241304215212214270
Days Payable575068605242534946314147
Cash Conversion Cycle229223275239266279269337233247243320
Working Capital Days119107133132154149136191102129118193
ROCE %29%25%25%20%20%19%17%17%25%23%19%21%
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters58.47%58.47%58.47%58.47%58.50%58.50%58.50%58.50%58.50%58.50%58.50%58.50%
FIIs18.50%18.29%18.16%17.68%17.93%17.21%17.06%17.00%16.66%16.57%16.79%16.87%
DIIs20.29%20.46%20.53%20.94%20.83%21.84%22.03%22.02%22.18%22.26%22.03%22.10%
Government0.00%0.00%0.01%0.01%0.01%0.01%0.00%0.00%0.00%0.00%0.00%0.00%
Public2.74%2.78%2.82%2.91%2.73%2.43%2.40%2.48%2.64%2.66%2.69%2.54%
No. of Shareholders40,32643,42744,94345,92850,46153,26354,16655,45659,29755,40659,50058,979

Fundamentals

Market Cap₹ 35,795 Cr.
Current Price₹ 3,836
Stock P/E28.2
Book Value₹ 860
ROCE21.1 %
ROE17.0 %
Dividend Yield0.42 %
Face Value₹ 2.00
Compounded Sales Growth (TTM)6%
Compounded Profit Growth (TTM)15%
Consolidated figures.
Valuation
Market capRs 35,689 Cr
Enterprise valueRs 35,476 Cr
P/E (TTM)28.19x
Price to book4.45x
Price to sales7.85x
EV / EBITDA20.33x
EV / EBIT21.75x
EV / sales7.80x
Price to cash flow60.34x
Earnings yield3.55%
Dividend yield0.42%
P/E, 3-year average29.58x
P/B, 3-year average4.76x
P/E, 5-year average27.87x
P/B, 5-year average4.46x
Profitability
Operating margin (excl. other income)28.54%
Operating margin (incl. other income)39.51%
EBITDA margin38.36%
Pre-tax margin35.20%
Net profit margin27.84%
Net margin, latest quarter25.78%
ROE16.99%
ROCE21.14%
ROA15.52%
ROE, 3-year average17.00%
ROCE, 3-year average21.06%
ROA, 3-year average15.15%
ROE, 5-year average17.00%
ROCE, 5-year average21.13%
ROA, 5-year average15.19%
ROIC (approx.)16.64%
Tax rate20.28%
Other income / net worth6.04%
Growth
Sales growth (latest year)3.09%
Profit growth (latest year)19.74%
Sales CAGR, 3 years-3.44%
Sales CAGR, 5 years8.93%
Profit CAGR, 3 years6.35%
Profit CAGR, 5 years17.54%
Sales growth QoQ-7.76%
Profit growth QoQ-23.43%
Sales growth YoY (latest quarter)12.42%
Profit growth YoY (latest quarter)-1.28%
Per share
EPS (TTM)Rs 135.69
EPS (latest year)Rs 136.11
EPS (latest quarter)Rs 32.27
EPS, 3-year averageRs 123.39
EPS, 5-year averageRs 109.56
Book value per shareRs 859.98
Sales per shareRs 487.45
Cash flow per shareRs 63.38
Free cash flow per shareRs 52.61
Dividend per share (latest year)Rs 16.00
Dividend per share, 3-year averageRs 16.00
Dividend per share, 5-year averageRs 14.60
Dividends
Dividend payout11.75%
Dividend payout, 3-year average13.04%
Dividend payout, 5-year average13.42%
Efficiency
Asset turnover0.52x
Fixed asset turnover3.58x
Inventory turnover1.91x
Inventory days191 days
Debtor days97 days
Debtors turnover3.78x
Creditor days47 days
Cash conversion cycle320 days
Working capital days193 days
Leverage
Total debtRs 10 Cr
Cash and bankRs 224 Cr
Net debtRs -214 Cr
Debt to equity0.00x
Net debt / EBITDA-0.12x
Interest coverage54.81x
Current ratio (filing 2026-03-31)19.09x
Quick ratio (filing 2026-03-31)15.71x
Trade payables (filing 2026-03-31)Rs 220 Cr
Owners' fund to total sources94.06%
Debt to assets0.12%
Cash flow
Cash from Operating Activity (latest year)Rs 592 Cr
Cash from Investing Activity (latest year)Rs -114 Cr
Cash from Financing Activity (latest year)Rs -660 Cr
Net Cash Flow (latest year)Rs -182 Cr
Free cash flow (latest year)Rs 491 Cr
FCFE (approx.: FCF + change in debt)Rs 11 Cr
Cash from ops / profit, 5 years0.68x
Sales to cash flow7.47x
Statement figures
Net sales (TTM)Rs 4,549 Cr
Net sales (latest year)Rs 4,420 Cr
Sales (latest quarter)Rs 1,168 Cr
Operating profit excl. other income (latest year)Rs 1,261 Cr
Operating profit (latest quarter)Rs 308 Cr
Other income (TTM)Rs 487 Cr
EBITDA (TTM)Rs 1,745 Cr
PBDT (TTM)Rs 1,715 Cr
Profit before tax (TTM)Rs 1,601 Cr
Tax (latest year)Rs 323 Cr
Net profit (TTM)Rs 1,266 Cr
Net profit (latest year)Rs 1,270 Cr
Net profit (latest quarter)Rs 301 Cr
Depreciation (TTM)Rs 114 Cr
Depreciation (latest quarter)Rs 29 Cr
Interest (TTM)Rs 30 Cr
Cost of goods sold (latest year)Rs 2,395 Cr
Total expenditure (latest year)Rs 3,158 Cr
Total income (latest year)Rs 4,905 Cr
Share capitalRs 19 Cr
ReservesRs 8,007 Cr
Shareholders' fundsRs 8,025 Cr
Total assetsRs 8,532 Cr
Net blockRs 1,233 Cr
Capital work in progressRs 16 Cr
InvestmentsRs 4,302 Cr
ReceivablesRs 1,169 Cr
InventoryRs 1,256 Cr
Other liabilitiesRs 497 Cr
Shares outstanding (crore)9.33
Ownership
Promoter holding58.50% (+0.00 in a year)
Computed by MarketFriction from the consolidated statements. Returns use average balances.
P/E 28.2 is at the 13th percentile of its own 9.4-year range (median 31.6, low 25.4, high 46.1).
P/B 4.45 is at the 22th percentile (median 4.95).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
PeriodAIAENGNifty 50Difference
1 week-3.3%-2.8% -0.5 pts
1 month-9.9%-6.8% -3.1 pts
3 months-19.6%-7.6% -11.9 pts
6 months+5.2%+0.4% +4.8 pts
1 year+23.4%-9.9% +33.3 pts
2 years-10.9%-13.6% +2.6 pts
3 years+8.9%+14.2% -5.3 pts
5 years+98.3%+27.9% +70.4 pts
127 mutual fund schemes hold about ₹9,179 Cr. Over three months 31 bought more and 20 sold (share counts, price move removed).
FundWeightEst. Cr3m shares
HDFC Mid Cap Fund1.33%1,445 -1%
SBI Aggressive Hybrid Fund1.39%1,235 +1%
SBI ELSS Tax Saver Fund1.88%598 -1%
ICICI Pru Large & Mid Cap Fund1.42%477 -4%
Kotak Flexi Cap Fund0.81%457 +3%
Kotak Flexi Cap Fund0.81%454 +3%
SBI Large & Midcap Fund1.06%449 +1%
SBI Midcap Fund1.74%426 -21%
SBI Midcap Fund1.74%423 -21%
ICICI Pru Multi Asset Allocation Fund0.39%343 +1%
Franklin India Opportunities Fund3.03%295 +6%
SBI Flexicap Fund1.00%232 +2%
ICICI Pru Infrastructure Fund2.43%208 -9%
Franklin India Multi Cap Fund2.95%155 +103%
Bajaj Finserv Flexi Cap Fund1.77%144 +5%
ICICI Pru Multi Cap Fund0.69%134 -3%
ICICI Pru Multi Cap Fund0.69%129 -3%
Mahindra Manulife Mid Cap Fund2.04%110 -2%
Franklin India Small Cap Fund0.73%107 +1%
UTI Value Fund1.01%97 -1%
WOC Mid Cap Fund1.24%93 -5%
ICICI Pru Innovation Fund0.93%73 +29%
HDFC Large & Mid Cap Fund0.24%71 +1%
HSBC Large & Mid Cap Fund1.11%66 +61%
Kotak Pioneer Fund1.15%49 -6%

Red flags

F-score 6 of 8
explainReceivables outrunning sales Receivables grew 41% vs sales +3% in 2026
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.

Insider trades

NSE insider and takeover-code disclosures
DateWhoRoleSideSharesValueHow
2026-03-30Balkrishna Shah-sell600Rs 0.22 CrMarket Sale
2026-03-17Balkrishna ShahEmployees/Designated Employesell1,000Rs 0.39 CrMarket Sale
2026-03-16Balkrishna ShahEmployees/Designated Employesell100Rs 0.04 CrMarket Sale
2026-03-16Balkrishna Shah HUFOthersell300Rs 0.11 CrMarket Sale
2026-02-04Balkrishna Shah HUFOthersell910Rs 0.38 CrMarket Sale
2025-12-30Balkrishna ShahEmployees/Designated Employesell717Rs 0.29 CrMarket Sale
2025-12-24Balkrishna ShahEmployees/Designated Employesell100Rs 0.04 CrMarket Sale
2025-12-22Balkrishna ShahEmployees/Designated Employesell396Rs 0.16 CrMarket Sale
2025-12-01Balkrishna ShahEmployees/Designated Employesell200Rs 0.08 CrMarket Sale
2025-11-28Balkrishna ShahEmployees/Designated Employesell100Rs 0.04 CrMarket Sale
2025-11-26S. N. JetheliyaKey Managerial Personnelsell50Rs 0.02 CrMarket Sale
2025-11-25S. N. JetheliyaKey Managerial Personnelsell25Rs 0.01 CrMarket Sale
Latest disclosed trades by insiders, promoters and large holders. Grants, option exercises and pledges show as "other". A filing is a fact, not a signal on its own.

Latest quarter

Jun 2026
Sales ₹1,168 Cr +12.4% vs Jun 2025. Net profit ₹301 Cr -1.3%.

Activity

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No bulk or block deals on record.
Ex-dateActionFactor
2026-09-04Dividend - Rs 16 Per Share
2025-09-04Dividend - Rs 16 Per Share
2024-08-20Dividend - Rs 16 Per Share
2024-08-20Buy Back
2023-09-12Dividend - Rs 16 Per Share
2022-09-02Annual General Meeting/Dividend - Rs 9 Per Share
2021-08-26 Annual General Meeting/Dividend - Rs 9 Per Share
2020-03-17 Interim Dividend - Rs 27 Per Share
2019-08-02 Annual General Meeting/Dividend - Rs 9 Per Share
2018-04-04 Interim Dividend Rs 8/- Per Share (Purpose Revised)
2017-08-04 Annual General Meeting/Dividend - Rs 4/- Per Share
2017-02-20 Interim Dividend Rs 4/- Per Share (Purpose Revised)
2016-03-17 Interim Dividend - Rs 8/- Per Share And Special Dividend - Rs 10/- Per Share ((Purpose Revised)
2015-09-10 Annual General Meeting/ Dividend - Rs 8/- Per Share
2014-08-27Annual General Meeting / Dividend - Rs 6/- Per Share
2013-08-01Annual General Meeting And Dividend Rs.4/- Per Share
2012-08-02Annual General Meeting And Dividend Rs.3/- Per Share
2011-07-28Dividend-Rs.3/- Per Share
2010-07-29Final Dividend-Rs.1.70 Per Share
2010-02-18Int Div-Re.0.80 Per Share
2009-09-10Div-F Re.0.90+Spl Re.1
2008-11-28Interim Dividend - 30%
2008-10-13Fv Split Rs.10/- To Rs.2/Rd Date Revised0.2000
2008-08-28Agm/Dividend - 40%
2007-08-16Agm/Dividend-35%
2006-09-14Agm/Dividend-25%
DateTypeWhat it says
2026-09-30General UpdatesESG Ratings.
2026-09-19Concall / analyst meetSchedule of analyst meet
2026-09-16Shareholder meetingVoting results of Annual General Meeting held on September 15, 2026
2026-09-16Shareholder meetingAIA Engineering Limited has submitted the Exchange a copy Srutinizers report of Annual General Meeting held on September 15, 2026
2026-09-15Director changeChange in Director(s) of the company.
2026-09-15Shareholder meetingProceedings of Annual General Meeting held on September 15, 2026
2026-08-14Concall / analyst meetTranscript
2026-08-12Concall / analyst meetLink of Audio Recording of conference call
2026-08-12Investor PresentationInvestor Presentation
2026-08-12Board meeting outcomeAIA Engineering Limited has submitted to the Exchange, the financial results for the quarter ended Jun 30, 2026.
2026-08-06Concall / analyst meetSchedule of quarterly earning/conference call.
2026-05-29Concall / analyst meetTranscript
2026-05-29Shareholder meetingVoting results.
2026-05-26Concall / analyst meetLink of Audit Recording of the Company s Investor Call on the Financial Results for the Quarter and Year ended March 31, 2026
2026-05-26Investor PresentationInvestor Presentation
2026-05-26General UpdatesThe 36th Annual General Meeting of the Company scheduled to be held on Tuesday, 15th September, 2026.
2026-05-26General UpdatesDate of Payment of Dividend i.e. on or before 14th October, 2026.
2026-05-26Record DateRecord date for the purpose of Dividend is 05-Sep-2026.
2026-05-26Board meeting outcomeAIA Engineering Limited has submitted to the Exchange, the financial results for the period ended March 31, 2026.
2026-05-26Board meeting outcomeRe-appointment of Mr. Bhadresh K. Shah as a Managing Director for a period of 5 years.
2026-05-26DividendBoard of Directors at its meeting held on May 26, 2026, recommended Final Dividend of Rs. 16 per equity share.
2026-05-26Disclosure under SEBI TakeovAIA Engineering Limited has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board of India (Subst...
2026-05-21Disclosure under SEBI TakeovAIA Engineering Limited has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board of India (Subst...
2026-05-19Concall / analyst meetSchedule of Analyst meet
2026-04-27Shareholder meetingNotice of Postal Ballot
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Order dateForumCase
2020-07-14CESTATAIA ENGINEERING LTD ---VS.--- DESIGNATED AUTHORITY DIRECTORATE GENERAL OF ANTI-DUMPING AND ALLIED DUTIES
2020-01-06CESTATAIA ENGINEERING LTD ---VS.--- DESIGNATED AUTHORITY DIRECTORATE GENERAL OF ANTI-DUMPING AND ALLIED DUTIES
2019-11-06CESTATAIA ENGINEERING LTD ---VS.--- DESIGNATED AUTHORITY DIRECTORATE GENERAL OF ANTI-DUMPING AND ALLIED DUTIES
2019-11-05CESTATAIA ENGINEERING LTD ---VS.--- DESIGNATED AUTHORITY DIRECTORATE GENERAL OF ANTI-DUMPING AND ALLIED DUTIES
2019-10-23CESTATAIA ENGINEERING LTD ---VS.--- DESIGNATED AUTHORITY DIRECTORATE GENERAL OF ANTI-DUMPING AND ALLIED DUTIES
Orders from NCLT, NCLAT and CESTAT naming the company. Click a row for the order.
Not on any NSE surveillance list in the latest file.

Quick answers

What is the market cap of AIA Engineering Ltd?

AIA Engineering Ltd (AIAENG) has a market capitalisation of Rs 35,795 Cr. at the 2026-10-01 close.

What is the P/E ratio of AIA Engineering Ltd?

AIA Engineering Ltd trades at a P/E of 28.2 on trailing twelve-month profit, at the 2026-10-01 close.

What were AIA Engineering Ltd's latest quarterly results?

In the Jun 2026 quarter, AIA Engineering Ltd sales was Rs 1,168 Cr (+12.4% vs Jun 2025) and net profit was Rs 301 Cr.

What is the 52-week high and low of AIA Engineering Ltd?

The 52-week high is Rs 5,180.00 and the 52-week low is Rs 3,045.00.

Data: NSE and BSE daily reports, company filings. Numbers only, not investment advice, not a SEBI-registered research service.AboutMethodologyFAQResearchContactTermsPrivacyDisclaimerUpdated 2026-10-03