AIA Engineering Limited (AIAENG) AI Stock Analysis

• Market Cap: ₹296.43B
• Dividend Yield: 0.5%
• Average Volume (3M): 1.75K
• Price to Earnings (P/E): 26.9
• Beta (1Y): 0.63
• Revenue Growth: -7.07%
• EPS Growth: -0.96%
• Country: IN
• Employees: 1,337
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Industrial - Machinery
• EPS (TTM): 32.30
• Shares Outstanding: 93,320,370
• 10 Day Avg. Volume: 2,102
• 30 Day Avg. Volume: 1,747
• PEG Ratio: -4.79
• Price to Book (P/B): 4.42
• Price to Sales (P/S): 6.63
• 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: ₹3,691.00
• Price Target Upside: 16.08% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 1

• Rating: 77 Outperform
• Price Target: ₹3,691.00 ▲(16.08% Upside)

AIA Engineering Limited's strong financial performance and positive technical indicators are the primary drivers of its overall score. The company's robust profitability, stable balance sheet, and improved cash flow management support its financial health. However, the high P/E ratio and low dividend yield suggest caution in valuation. Technical indicators show positive momentum, though the stock is nearing overbought conditions.

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 makes money by manufacturing and selling high chromium grinding media and other wear-resistant products to industries like cement, mining, and thermal power plants. The company's revenue model is primarily based on the sale of these products, which are essential for the grinding processes in these industries. Key revenue streams include direct sales to customers, especially large corporations and industrial players who require high-performance grinding solutions. The company benefits from its strong relationships with key clients and its ability to provide customized solutions that enhance the efficiency and longevity of the grinding operations. Additionally, AIA Engineering's focus on innovation and quality helps maintain its competitive edge in the market, contributing to sustained 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 shows financial stability with low leverage and high equity. Cash flow management has improved, though past fluctuations suggest a need for consistent 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	42.73B	42.38B	48.54B	48.38B	35.23B	28.19B
Gross Profit	24.27B	25.80B	27.57B	17.84B	20.48B	16.73B
EBITDA	15.33B	14.81B	16.20B	14.78B	8.82B	8.31B
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: 3179.60
• 50DMA: Positive
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• 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 3179.6 is above the 20-day moving average (MA) of 3102.81, above the 50-day MA of 3099.81, and below the 200-day MA of 3277.04, indicating a neutral trend. The MACD of 20.04 indicates Negative momentum. The RSI at 57.39 is Neutral, neither overbought nor oversold. The STOCH value of 69.27 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	₹398.82B	7.09	―	4.84%	38.31%	155.40%
AIAENG	77 Outperform	₹296.43B	26.94	―	0.50%	-7.07%	-0.96%
TEGA	68 Neutral	₹129.66B	66.24	―	0.10%	5.76%	-5.05%
RATNAMANI	66 Neutral	₹166.63B	29.20	―	0.58%	1.71%	-3.94%
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
RHIM	56 Neutral	₹90.89B	55.36	―	0.57%	0.65%	―
TRIVENI	54 Neutral	₹77.57B	35.37	―	0.70%	12.47%	-39.71%