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AIA Engineering Limited
(AIAENG)
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Rating:65Neutral
Price Target:
₹4,552.00
▲(11.27% Upside)
Action:Downgraded
Date:08/28/26
The score is driven primarily by strong financial quality—high margins and an exceptionally low-debt balance sheet—tempered by uneven revenue growth and cash-flow volatility. Technical indicators are a meaningful drag due to bearish trend signals (negative MACD and price below key moving averages), and valuation is only middling given the high P/E and low dividend yield.
Positive Factors
High, resilient profitability
Sustained high gross and net margins indicate pricing power, efficient manufacturing, and differentiated wear performance. Improving earnings provide a durable profit base, although future results remain linked to industrial demand and order consistency.
Negative Factors
Uneven revenue growth
The recent pattern shows that strong profitability has not translated into consistently expanding sales. Repeated revenue declines can constrain operating leverage, capacity utilization, and earnings visibility, indicating exposure to uneven customer orders and industrial investment cycles.
Read all positive and negative factors
Positive Factors
Negative Factors
High, resilient profitability
Sustained high gross and net margins indicate pricing power, efficient manufacturing, and differentiated wear performance. Improving earnings provide a durable profit base, although future results remain linked to industrial demand and order consistency.
Read all positive factors
AIA Engineering Limited (AIAENG) vs. iShares MSCI India ETF (INDA)
Market Cap
₹394.04B
Dividend Yield0.38%
Average Volume (3M)7.51K
Price to Earnings (P/E)31.4
Beta (1Y)0.73
Revenue Growth5.63%
EPS Growth15.09%
CountryIN
Employees1,306
SectorGeneral
Sector StrengthN/A
IndustryIndustrial - Machinery
Share Statistics
EPS (TTM)136.11
Shares Outstanding93,320,370
10 Day Avg. Volume4,495
30 Day Avg. Volume7,511
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)139.36
Revenue Forecast (FY)₹49.58B
AIA Engineering Limited Business Overview & Revenue Model
Company Description
Founded in 1979 and headquartered in Ahmedabad, India, AIA Engineering Limited operates internationally, specializing in the design, development, production, and servicing of high-chromium castings engineered for exceptional resistance to wear, co...
How the Company Makes Money
AIA Engineering makes money mainly by manufacturing and selling wear-resistant consumable parts used in comminution and bulk-material processing circuits. Its core revenue stream is product sales of high-chrome grinding media (e.g., grinding balls...
AIA Engineering Limited Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
92
Very Positive
Cash Flow
71
Positive
| Breakdown | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 44.20B | 42.87B | 48.54B | 49.09B | 35.67B |
| Gross Profit | 21.16B | 25.26B | 27.57B | 28.20B | 20.74B |
| EBITDA | 17.41B | 11.44B | 13.31B | 12.36B | 7.16B |
| Net Income | 12.70B | 10.61B | 11.36B | 10.56B | 6.20B |
Balance Sheet | |||||
| Total Assets | 85.38B | 78.34B | 74.95B | 66.31B | 51.26B |
| Cash, Cash Equivalents and Short-Term Investments | 43.84B | 42.63B | 35.16B | 30.54B | 15.56B |
| Total Debt | 102.67M | 4.91B | 4.61B | 5.03B | 98.31M |
| Total Liabilities | 5.04B | 8.97B | 8.27B | 9.31B | 3.62B |
| Stockholders Equity | 80.25B | 69.27B | 66.58B | 56.91B | 47.55B |
Cash Flow | |||||
| Free Cash Flow | 4.86B | 10.25B | 6.92B | 6.73B | -1.65B |
| Operating Cash Flow | 5.90B | 11.62B | 9.03B | 8.68B | -392.19M |
| Investing Cash Flow | -1.57B | -1.94B | -8.19B | -12.08B | 998.54M |
| Financing Cash Flow | -6.26B | -7.43B | -2.11B | 3.95B | -2.68B |
AIA Engineering Limited Technical Analysis
Neutral
4091.10
Price Trends
4531.47
Negative
4386.71
Negative
4096.35
Positive
Market Momentum
-91.57
Negative
41.40
Neutral
50.98
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:AIAENG, the sentiment is Neutral. The current price of 4091.1 is below the 20-day moving average (MA) of 4299.07, below the 50-day MA of 4531.47, and below the 200-day MA of 4096.35, indicating a neutral trend. The MACD of -91.57 indicates Negative momentum. The RSI at 41.40 is Neutral, neither overbought nor oversold. The STOCH value of 50.98 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for IN:AIAENG.
AIA Engineering Limited Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
74 Outperform | ₹85.26B | 33.45 | ― | 0.36% | 8.91% | 2.17% | |
71 Outperform | ₹145.52B | 39.42 | ― | 0.38% | 5.04% | -10.39% | |
65 Neutral | ₹394.04B | 31.39 | ― | 0.38% | 5.63% | 15.09% | |
61 Neutral | ₹120.70B | 430.71 | ― | 0.12% | 84.88% | -87.30% | |
59 Neutral | ₹174.72B | 98.25 | ― | 0.26% | 12.78% | -40.29% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
55 Neutral | ₹139.27B | -1.93 | ― | 0.50% | 4.63% | -4.40% |
* General Sector Average
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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.