AIA Engineering Ltd.
AIAENGNSEAutomobile & AncillariesCastings/ForgingsSmall Cap
₹4,687
▲ 3.4%
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43
Composite
AIA Engineering specializes in the design, development, manufacture, installation and servicing of high chromium wear, corrosion and abrasion resistant castings used in the cement, mining and thermal power generation industries. The company’s philosophy is to provide customers with optimized solutions through technical evaluation of their requirements, thereby providing specifically designed solutions in ideal metallurgy for the application, plus offering process optimization services worldwide. The business areas of the company are Cement, Mining, Power and Aggregate.
Q-DITS fundamental score
43Composite
Growth
7
Profitability
72
Valuation
29
Quality
82
Solvency
70
Earnings
33
Key metrics
MCap
₹43.6K Cr
TTM PE
34.3x
Industry PE
41.2x
TTM EPS
₹136.11
Book Value
₹859.98
Face Value
₹2
Div Yield
0.34%
PEG
5.35x
PB
4.5x
ROE
15.6%
ROCE
19.2%
EBITDA mgn
34.6%
D/E
0.07
Int. Cover
54.4x
Curr. Ratio
8.17x
EPS
₹113.67
Growth — CAGR across horizons
| Metric | 1Y | 3Y | 5Y | 10Y |
|---|---|---|---|---|
| Net Sales | 3.1% | -3.4% | 8.9% | 7.4% |
| EBITDA | 9.3% | 0.4% | 13.9% | 7.5% |
| Net Profit | 20% | 6.4% | 17.6% | 10.8% |
Score snapshot
Piotroski
4/9
Altman Z
2.76
Quality
82.3
Growth
7.1
Valuation
29
Earn. Qual
32.5
PEAD
+3
SURGE
+3
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Revenue, profitability & returns
Revenue & Net Profit (₹ Cr)
RevenueNet Profit
Margins (%)
EBITDA%PAT%
Return ratios (%)
ROEROCEROA
Annual financials — last 10 years
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| Metric | Trend | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ›RevenueCr | 2,098 | 2,246 | 2,445 | 3,070 | 2,970 | 2,881 | 3,567 | 4,909 | 4,854 | 4,287 | |
| ›EBITDACr | 715 | 743 | 661 | 784 | 827 | 831 | 882 | 1,480 | 1,620 | 1,485 | |
| ›EBITDA margin | 32.9% | 32% | 26.8% | 25.5% | 27.7% | 28.8% | 24.7% | 30.1% | 33.3% | 34.6% | |
| ›Net profitCr | 457 | 457 | 444 | 511 | 590 | 566 | 620 | 1,057 | 1,137 | 1,060 | |
| ›PAT margin | 21% | 19.7% | 17.9% | 16.6% | 19.8% | 19.6% | 17.3% | 21.5% | 23.4% | 24.7% | |
| ›EPS₹ | ₹48.44 | ₹48.43 | ₹47 | ₹54.16 | ₹62.59 | ₹60.02 | ₹65.7 | ₹111.95 | ₹120.4 | ₹113.67 | |
| ›Revenue growth | -3.9% | 7% | 8.9% | 25.5% | -3.2% | -3% | 23.8% | 37.6% | -1.1% | -11.7% | |
| ›PAT growth | 6% | 0.1% | -3% | 15.3% | 15.4% | -4.2% | 9.5% | 70.5% | 7.6% | -6.8% | |
| ›ROE | 20.7% | 18.1% | 15.5% | 15.7% | 16.4% | 14.2% | 13.8% | 20.2% | 18.4% | 15.6% | |
| ›ROCE | 27.7% | 25% | 19.9% | 20.8% | 19.6% | 17.9% | 17.2% | 25.3% | 22.9% | 19.2% | |
| ›ROA | 17.1% | 15.3% | 13.1% | 13.5% | 14.4% | 10.7% | 9.6% | 16% | 16.1% | 13.8% | |
| ›P/E | 19.4x | 32.8x | 30.4x | 33x | 22.1x | 34.1x | 24.8x | 25.9x | 32.5x | 29.4x | |
| ›P/B | 3.8x | 5.5x | 4.5x | 4.8x | 3.5x | 4.6x | 3.2x | 4.8x | 5.5x | 4.5x | |
| ›D/E | 0.1 | 0.1 | 0 | 0 | 0 | 0 | 0 | 0.1 | 0.1 | 0.1 | |
| ›Current ratio | 5.5x | 6.3x | 5.9x | 7.7x | 8.7x | 5.9x | 8.4x | 6.1x | 8x | 8.2x | |
| ›Interest cover | 78.3x | 79.5x | 55x | 63.4x | 72.4x | 90.1x | 92.9x | 55.8x | 45.5x | 54.4x |
Quarterly results
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| Metric | Trend | 2023-12 | 2024-03 | 2024-06 | 2024-09 | 2024-12 | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ›RevenueCr | 1,169 | 1,150 | 1,020 | 1,044 | 1,066 | 1,157 | 1,039 | 1,048 | 1,067 | 1,266 | |
| ›Rev growth YoY | -4.7% | -9.7% | -17.7% | -19.4% | -8.8% | 0.6% | 1.9% | 0.3% | 0.1% | 9.4% | |
| ›EBITDACr | 311 | 297 | 289 | 276 | 283 | 302 | 306 | 297 | 290 | 363 | |
| ›EBITDA margin | 26.6% | 25.9% | 28.3% | 26.4% | 26.5% | 26.1% | 29.5% | 28.3% | 27.2% | 28.6% | |
| ›Net profitCr | 279 | 260 | 258 | 256 | 255 | 280 | 299 | 277 | 293 | 385 | |
| ›PAT growth YoY | -20.8% | -3% | -5.3% | -21% | -8.8% | 7.7% | 16.1% | 8.2% | 15.1% | 37.8% | |
| ›EPS₹ | ₹29.65 | ₹27.62 | ₹27.52 | ₹27.51 | ₹27.78 | ₹30.56 | ₹32.69 | ₹29.73 | ₹31.55 | ₹42.14 |
Balance sheet — last 10 years (₹ Cr)
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| Metric | Trend | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ›Shareholders' equityCr | 2,717 | 3,009 | 3,514 | 3,701 | 4,244 | 4,755 | 5,691 | 6,658 | 6,927 | 8,025 | |
| ›ReservesCr | 2,698 | 2,990 | 3,495 | 3,682 | 4,225 | 4,736 | 5,672 | 6,639 | 6,908 | 8,007 | |
| ›Total borrowingsCr | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| ›InvestmentsCr | 1,027 | 1,185 | 1,215 | 1,513 | 2,307 | 2,742 | 2,461 | 3,270 | 3,971 | 0 | |
| ›Total assetsCr | 2,733 | 3,027 | 3,547 | 3,732 | 5,705 | 6,072 | 5,716 | 6,689 | 6,950 | 8,538 | |
| ›Current assetsCr | 2,409 | 2,697 | 3,057 | 3,144 | 3,640 | 3,887 | 5,312 | 5,999 | 6,435 | 7,096 | |
| ›Current liabilitiesCr | 385 | 458 | 399 | 363 | 617 | 464 | 875 | 749 | 788 | 372 | |
| ›Trade payablesCr | 137 | 158 | 174 | 136 | 166 | 197 | 261 | 179 | 197 | 220 | |
| ›Gross blockCr | 845 | 909 | 1,155 | 1,293 | 1,283 | 1,352 | 1,656 | 1,857 | 2,015 | 1,143 |
Cash flow statement (₹ Cr)
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| Metric | Trend | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ›Operating CF (CFO)Cr | 231 | 294 | 190 | 679 | 598 | -40 | 868 | 903 | 1,162 | 592 | |
| ›Investing CF (CFI)Cr | -16 | -205 | -164 | -311 | -351 | 100 | -1,208 | -819 | -194 | -124 | |
| ›Financing CF (CFF)Cr | -91 | -158 | -0 | -429 | 67 | -267 | 395 | -211 | -743 | -660 | |
| ›Net cash changeCr | 124 | -69 | 26 | -60 | 314 | -207 | 54 | -127 | 225 | -193 | |
| ›Closing cashCr | 242 | 181 | 208 | 148 | 462 | 257 | 307 | 180 | 397 | 215 |
Cash flow components
CFO · CFI · CFF (₹ Cr)
CFOCFICFF
Q-DITS scorecard
Composite score
43
Quality (25%)82.3
Growth (25%)7.1
Valuation (20%)29
Piotroski (15%)44
Earnings Quality (10%)32.5
Momentum (5%)—
Weighted blend, rescaled to the components available for this stock.
Piotroski F-Score
4/9
✓ROA positiveROA 13.83%
✓CFO positiveCFO ₹591.5 Cr
✗ROA improving16.1% → 13.83%
✗CFO > PAT (low accruals)CFO 591.5 vs PAT 1060.07
✗Leverage decreasedD/E 0.07 → 0.07
✓Liquidity improvedCR 8.01 → 8.17
✗No share dilutionEPS 120.4 → 113.67
✓Margin improvedEBITDA mgn 33.34% → 34.62%
✗Asset turnover upAsset TO 0.69 → 0.56
Altman Z-Scoregrey
2.76
X1
0.788
X2
0.938
X3
0.163
X4
0.94
X5
0.502
>2.9 safe · 1.23–2.9 grey · <1.23 distress
Quality
82.3/100
ROE
15.6%
ROCE
19.2%
Margin
24.7%
Debt
0.1
Int. cover
54.4x
Growth
7.1/100
Revenue 3Y
-3.4%
Profit 3Y
6.4%
EPS
-5.6%
Valuation
29/100
PE
29.5x
PB
4.5x
EV/EBITDA
20.9x
vs universe median: PE 25.6x · PB 2.81x · EV 13.41x
Earnings quality
32.5/100
CFO₹592 Cr
PAT₹1,060 Cr
Accrual ratio0.055
CFO/PAT0.56x
PEAD · SURGE
+3 / +3
Revenue SUE2.08
EPS SUE7
Latest quarter2026-03
Rev growth YoY9.4%
Documents & filings
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Peer comparison
| Company | MCap (Cr) | Revenue | PAT | PE | PB | ROE% | ROCE% | D/E |
|---|---|---|---|---|---|---|---|---|
| PTC Industries Ltd. | 27,548 | 603 | 102 | 271.3x | 18.3x | 6 | 7.7 | 0.04 |
| Steelcast Ltd. | 2,966 | 423 | 87 | 34.1x | 7.5x | 24.2 | 33 | 0 |
| Nelcast Ltd. | 1,194 | 1,328 | 48 | 24.7x | 2x | 7 | 10 | 0.53 |
| Alicon Castalloy Ltd. | 1,072 | 1,771 | 34 | 31.1x | 1.7x | 8.2 | 11.8 | 0.59 |
| Synergy Green Industries Ltd. | 917 | 366 | 5 | 196.9x | 8.3x | 21.9 | 20.8 | 1.45 |
| Uni Abex Alloy Products Ltd. | 857 | 219 | 280 | 3.1x | 2.1x | 26.4 | 32.5 | 0.08 |
| Investment & Precision Castings Ltd. | 735 | 188 | 12 | 62.5x | 7.2x | 6.8 | 9.6 | 0.71 |