As of 6 Nov 2026, AIA Engineering trades at 23.5× trailing earnings, below the industry P/E of 33.8×, and the shares are 40% below their 52-week high. Sales fell 3.4% a year over 3 years while net profit grew 6.3%, with ROCE of 20% and ROE of 17%. It carries very little debt, and its dividend yield is 0.4%. It is a small-cap company with a market cap of ₹29,056 Cr, ranked 7th of 138 Specialty Industrial Machinery companies by market cap; the shares fell 3.9% over the past year.
- ₹3,202.20
- ₹3,202.30
- ₹3,086.00
- ₹3,202.20
- 1.1 L
Health check
- ReturnsBehind
−3.9% over a year, better than 2 of 7 peers.
- Price tagCheaper
P/E 23.5 vs industry 33.8.
- GrowthSlow
Sales −3.4%, profit +6.3% a year over 3 years.
- ProfitabilityAverage
ROCE 19.9% vs peer median 24.8%.
- Balance sheetSolid
Practically debt-free, Piotroski 7 of 9.
- Red flags1 to check
40% below its 52-week high.
Small cap
Defensive
Key metrics
- Market cap
- ₹29,056 Cr
- Small cap
- P/E
- 23.5
- Industry 33.8
- Price to book
- 3.62
- Peers 10.85
- Dividend yield
- 0.44%
- ROE
- 17.0%
- Peers 19.1%
- ROCE
- 19.9%
- Peers 24.8%
- Debt to equity
- 0.00
- Debt ₹10 Cr
- EPS (TTM)
- ₹132.72
- Face value ₹2
- OPM (TTM)
- 27.4%
- Net margin 27.8%
- Sales growth
- +6.2%
- Latest quarter vs a year ago
- Profit growth
- −10.0%
- Latest quarter vs a year ago
- Price to sales
- 6.39
- EV/EBITDA 21.6
Strengths and risks
Strengths
- Practically debt-free.
- Net margin of 27.8%.
- P/E of 23.5 against an industry P/E of 33.8.
- Positive operating cash flow in each of the last 4 years.
Risks to check
- 40% below its 52-week high.
About AIA Engineering
AIA Engineering Limited designs, develops, produces, installs, and services high chromium parts in India, the United Arab Emirates, and internationally. The company offers lining systems, DE assemblies, fasteners, and ceramic composite alloys; diaphragms, shell liners, grinding media, mill liners, FLS, pfeiffer, polysius, and loesche; blow bars, hammers, impellers, anvils, feed disks, and frame liners; and wear-resistant components, tube mill lining and…
- Headquarters
- Ahmedabad
- Employees
- 1,272
- Sector
- Industrials
- ISIN
- INE212H01026
- Website
- aiaengineering.com
Price range
- Avg volume (3M)
- 68.9K
- 1-year return
- minus 3.9%
- From 52-week high
- minus 39.9%
Analyst consensus
Next results expected around 29 Jan 2027
Peers · Specialty Industrial Machinery
| Company | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| BHELBharat Heavy Electricals | 418.80 | plus 0.17% | 1,45,829 | 50.6 | 74.6 | 6.6% | 10.1% | 0.22 | 13.5% | plus 56.4% |
| ABBABB India | 6,774.00 | plus 2.20% | 1,43,547 | 92.3 | 68.2 | 28.5% | 13.8% | 0.02 | 15.4% | plus 26.4% |
| SIEMENSSiemens | 3,560.00 | plus 3.73% | 1,26,779 | 86.1 | 59.3 | 16.5% | 10.4% | 0.02 | 3.0% | plus 10.0% |
| CUMMINSINDCummins India | 4,048.80 | minus 0.25% | 1,12,233 | 49.8 | 41.7 | 35.0% | 19.1% | 0.00 | 16.1% | minus 6.0% |
| GVT&DGE Vernova T&D India | 4,018.00 | minus 3.06% | 1,02,879 | 71.3 | 56.6 | 58.5% | 26.5% | 0.01 | 31.1% | plus 31.7% |
| SUZLONSuzlon Energy | 38.80 | plus 0.54% | 53,337 | 23.7 | 17.3 | 24.8% | 16.7% | 0.07 | 41.4% | minus 35.7% |
| AIAENGAIA Engineering | 3,113.60 | minus 2.77% | 29,056 | 23.5 | 19.6 | 19.9% | 27.4% | 0.00 | −3.4% | minus 3.9% |
| JYOTICNCJyoti CNC Automation | 1,019.90 | minus 0.23% | 23,195 | 75.2 | 45.6 | 21.8% | 24.4% | 0.44 | 31.2% | plus 8.7% |
| Median of 7 peers | – | 0.17% | 1,12,233 | 71.3 | 56.6 | 24.8% | 16.7% | 0.02 | 16.1% | 10.0% |
Quarterly results
| ₹ Cr | Sep 25 | Dec 25 | Mar 26 | Jun 26 | Sep 26 |
|---|---|---|---|---|---|
| 1,030 | 1,049 | 1,251 | 1,153 | 1,093 | |
| 733 | 758 | 888 | 845 | 810 | |
| 297 | 290 | 363 | 308 | 283 | |
| 28.8% | 27.7% | 29.0% | 26.7% | 25.9% | |
| 98.7 | 135 | 140 | 117 | 78.6 | |
| 7.7 | 16.2 | 5.4 | 0.5 | 1.6 | |
| 28 | 28.2 | 28.8 | 29.1 | 30.5 | |
| – | −3.3 | – | – | – | |
| 360 | 378 | 468 | 395 | 330 | |
| 22.9% | 22.5% | 16.0% | 23.8% | 24.3% | |
| 277 | 294 | 393 | 301 | 250 | |
| 29.73 | 31.54 | 42.15 | 32.27 | 26.76 |
Profit & loss
- Sales CAGR 3Y
- −3.4%
- Profit CAGR 3Y
- +6.3%
- EPS CAGR 3Y
- +6.7%
- ROE
- 17.0%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 4,852 | 4,783 | 4,238 | 4,367 | |
| – | minus 1.4% | minus 11.4% | +3.1% | |
| 3,603 | 3,438 | 3,082 | 3,104 | |
| 1,249 | 1,345 | 1,156 | 1,263 | |
| 25.7% | 28.1% | 27.3% | 28.9% | |
| 204 | 219 | 151 | 217 | |
| 20.1 | 28.4 | 21.1 | 36.5 | |
| 93 | 100 | 103 | 113 | |
| 22 | 51.8 | 186 | 261 | |
| 1,362 | 1,488 | 1,368 | 1,592 | |
| 22.4% | 23.6% | 22.5% | 20.3% | |
| 1,056 | 1,136 | 1,061 | 1,270 | |
| – | +7.5% | minus 6.6% | +19.7% | |
| 111.95 | 120.40 | 113.14 | 136.11 |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 18.9 | 18.9 | 18.7 | 18.7 | |
| 5,672 | 6,639 | 6,908 | 8,007 | |
| 503 | 461 | 491 | 10.3 | |
| 437 | 376 | 417 | 502 | |
| 6,631 | 7,495 | 7,834 | 8,538 | |
| 1,087 | 1,225 | 1,256 | 1,253 | |
| 107 | 138 | 104 | 44.4 | |
| 0.9 | 1.2 | 0.9 | 1 | |
| 3,054 | 3,731 | 4,280 | 4,375 | |
| 2,382 | 2,400 | 2,192 | 2,865 | |
| 6,631 | 7,495 | 7,834 | 8,538 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 868 | 903 | 1,162 | 592 | |
| −1,208 | −819 | −194 | −124 | |
| 395 | −211 | −743 | −660 | |
| 54.4 | −127 | 225 | −193 | |
| −195 | −211 | −137 | −104 | |
| 673 | 692 | 1,025 | 487 | |
| −77.1 | −137 | −137 | −136 |
Shareholding pattern
- Promoters58.50%
- Public41.50%
| Quarter | Split | Promoters | Public | Promoter change |
|---|---|---|---|---|
| 30 Sep 2026 | 58.50% | 41.50% | 0.00 | |
| 30 Jun 2026 | 58.50% | 41.50% | 0.00 | |
| 31 Mar 2026 | 58.50% | 41.50% | 0.00 | |
| 31 Dec 2025 | 58.50% | 41.50% | 0.00 | |
| 30 Sep 2025 | 58.50% | 41.50% | – |
Major shareholders
Filings & events
News
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