AIA Engineering Limited
NSE: AIAENG · Castings & Forgings · sector
₹3,578.40NSE close 2026-10-26
Key numbers
Market cap₹33,394 cr
Price₹3,578.40
52w high / low₹5,180 / ₹3,220
P/E26.4xSector median 25.0x
P/B4.2xSector median 3.1x
Book value₹860.0
Dividend yield0.41%Sector median 0.48%
ROE16.9%Sector median 13.4%
ROCE20.1%Sector median 15.8%
OPM27.6%Sector median 17.0%
Debt / equity0.00xSector median 0.15x
EV/EBITDA23.1xSector median 16.8x
Interest cover54.3x
Current ratio19.09x
Sales growth 3y-3.4%Sector median +3.4%
Profit growth 3y+6.3%Sector median +19.6%
PEG3.92x
Last 12 months to Jun 2026, Consolidated. "Sector median" = middle value of 23 companies in Castings & Forgings (P/E median leaves out loss-making companies). Tap ? for what a number means.
Things to know
- Cash ₹4,384 cr vs borrowings ₹0 cr (FY26): cash is higher (net cash).
- Operating profit covered interest 54.3x in the last 12 months.
- No promoter shares are pledged.
- Operating cash flow was below net profit in 4 of the last 5 years (FY26, FY24, FY23, FY22).
- Revenue was higher than a year earlier in 4 of the last 4 quarters.
- Other income was 38% of net profit in the last 12 months.
- Debtor days went from 66 (FY24) to 97 (FY26).
- Dividend paid in 5 of the last 5 financial years.
- Price ₹3,578.40 on 2026-10-26: -30.9% from the 52-week high, +11.1% from the 52-week low.
Plain facts from the filings, built by the same fixed rules for every company. A line appears only when the data for it is available. Not a view on the stock.
Charts
Weekly close · high ₹4,996.00 · low ₹3,017.40
RevenueNet profit
RevenueNet profit
Quarterly results
| ₹ cr | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1,044 | 1,066 | 1,157 | 1,039 | 1,048 | 1,067 | 1,266 | 1,168 |
| EBITDA | 276 | 283 | 302 | 306 | 297 | 287 | 363 | 308 |
| OPM % | 26.4% | 26.5% | 26.1% | 29.5% | 28.3% | 26.9% | 28.6% | 26.4% |
| Other income | 90 | 67 | 92 | 108 | 98 | 135 | 132 | 111 |
| Net profit | 257 | 259 | 285 | 305 | 277 | 294 | 393 | 301 |
| EPS (₹) | 27.29 | 27.78 | 30.55 | 32.69 | 29.73 | 31.54 | 42.15 | 32.27 |
| Revenue YoY | +0.3% | +0.1% | +9.4% | +12.4% | ||||
| Profit YoY | +8.1% | +13.6% | +37.9% | -1.3% |
Consolidated figures where filed. Latest quarter Jun 2026.
Profit & loss (yearly)
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 | TTM |
|---|---|---|---|---|---|---|
| Revenue | 3,567 | 4,909 | 4,854 | 4,287 | 4,420 | 4,549 |
| EBITDA | 721 | 1,241 | 1,335 | 1,149 | 1,253 | 1,255 |
| Net profit | 620 | 1,056 | 1,136 | 1,061 | 1,270 | 1,266 |
| EPS (₹) | 65.70 | 111.95 | 120.40 | 113.14 | 136.11 | 135.69 |
| Revenue growth | +37.6% | -1.1% | -11.7% | +3.1% | +5.6% | |
| Profit growth | +70.4% | +7.5% | -6.6% | +19.7% | +14.5% | |
| Dividend / share (₹) | 9.00 | 9.00 | 16.00 | 16.00 | 16.00 |
| Compounded growth | 3 years | 5 years | Last 12 months |
|---|---|---|---|
| Sales | -3.4% | +8.9% | +5.6% |
| Net profit | +6.4% | +17.5% | +14.5% |
| EPS | +6.7% | +17.8% | – |
| Share price | – | -6.7% (2y) | +6.9% |
Balance sheet
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Shareholders' equity | – | 5,691 | 6,658 | 6,927 | 8,025 |
| Borrowings | – | 496 | 455 | 485 | 0 |
| Cash & equivalents | – | 3,060 | 3,530 | 4,263 | 4,384 |
| Total assets | – | 6,631 | 7,495 | 7,834 | 8,538 |
| Fixed assets | – | 980 | 1,087 | 1,094 | 1,143 |
| Capital work in progress | – | 107 | 92 | 77 | 16 |
| Investments | – | 1 | 66 | 93 | 142 |
| Receivables | – | 861 | 880 | 826 | 1,169 |
| Inventory | – | 1,218 | 1,205 | 1,017 | 1,256 |
| Payables | – | 261 | 179 | 197 | 220 |
Year-end figures from the March annual filing.
Cash flow
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Cash from operations | -39 | 868 | 903 | 1,162 | 592 |
| Cash from investing | 100 | -1,208 | -819 | -194 | -124 |
| Cash from financing | -268 | 395 | -211 | -743 | -660 |
| Capex | 125 | 195 | 211 | 137 | 104 |
| Free cash flow | -165 | 673 | 692 | 1,025 | 487 |
Free cash flow = cash from operations − capex.
Ratios by year
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| ROE % | – | 18.6% | 17.1% | 15.3% | 15.8% |
| ROCE % | – | 22.3% | 21.3% | 18.6% | 20.1% |
| Debtor days | – | 64 | 66 | 70 | 97 |
| Inventory days | – | 215 | 212 | 214 | 270 |
| Payable days | – | 46 | 31 | 41 | 47 |
| Cash conversion cycle (days) | – | 233 | 247 | 243 | 320 |
| Working capital days | – | 330 | 395 | 481 | 555 |
Shareholding
| Holder | % (2026-09-30) |
|---|---|
| Promoters | 58.50% |
| FIIs | 16.45% |
| DIIs | 22.50% |
| of which Mutual funds | 20.35% |
| of which Insurance | 1.58% |
| Government | 0.00% |
| Public (non-institutions) | 2.55% |
| Quarter | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters % | 58.50% | 58.50% | 58.50% | 58.50% | 58.50% | 58.50% | 58.50% | 58.50% |
| Promoter group | % |
|---|---|
| Bhadresh Kantilal Shah | 58.47% |
| Khushali Samip Solanki | 0.01% |
| Bhumika Shyamal Shodhan | 0.01% |
| Gita Bhadresh Shah | 0.00% |
| Public holders above 1% | % |
|---|---|
| Nalanda India Equity Fund Limited | 9.18% |
| Sbi Aggressive Hybrid Fund | 6.88% |
| Hdfc Mutual Fund - Hdfc Mid-Cap Fund | 4.00% |
| Icici Prudential Large & Mid Cap Fund | 3.29% |
| Franklin India Opportunites Fund | 2.06% |
| Kotak Flexicap Fund | 1.44% |
| Sbi Life Insurance Co. Ltd | 1.33% |
55,706 shareholders. Pledged: 0.00% of promoter shares.
Peers in Castings & Forgings
| Company | Market cap | P/E | P/B | ROE | ROCE | OPM | Sales 3y | Div yield |
|---|---|---|---|---|---|---|---|---|
| PTCIL | ₹34,768 cr | 276.8x | 23.1x | 8.7% | 9.3% | 24.6% | – | – |
| AIAENG | ₹33,394 cr | 26.4x | 4.2x | 16.9% | 20.1% | 27.6% | -3.4% | 0.41% |
| HAPPYFORGE | ₹16,596 cr | 50.6x | 7.8x | 16.5% | 18.2% | 31.1% | – | 0.17% |
| BALUFORGE | ₹5,154 cr | 17.4x | 3.2x | 20.2% | 19.5% | 26.6% | – | 0.03% |
| STEELCAS | ₹3,372 cr | 37.2x | 8.5x | 25.2% | 30.9% | 26.9% | -3.9% | 0.52% |
| AMIC | ₹2,253 cr | 78.3x | 14.3x | 22.9% | 25.5% | 30.2% | – | – |
| INVPRECQ | ₹1,314 cr | 90.1x | 12.8x | 15.0% | 15.8% | 17.8% | +3.5% | 0.04% |
| NELCAST | ₹1,053 cr | 25.6x | 1.8x | 7.1% | 9.9% | 7.3% | +1.7% | 0.41% |
| SGIL | ₹878 cr | – | 7.9x | -8.1% | 4.2% | 9.0% | +8.1% | 0.30% |
| NEETUYOSHI | ₹840 cr | 31.3x | 6.1x | 27.5% | 22.5% | 31.1% | – | – |
Dividends & corporate actions
| Ex-date | Action | Detail |
|---|---|---|
| 2026-09-04 | Dividend | Dividend - Rs 16 Per Share |
| 2025-09-04 | Dividend | Dividend - Rs 16 Per Share |
| 2024-08-20 | Buyback | Buy Back |
| 2024-08-20 | Dividend | Dividend - Rs 16 Per Share |
| 2023-09-12 | Dividend | Dividend - Rs 16 Per Share |
| 2022-09-02 | Dividend | Annual General Meeting/Dividend - Rs 9 Per Share |
| 2021-08-26 | Dividend | Annual General Meeting/Dividend - Rs 9 Per Share |
| 2020-03-17 | Dividend | Interim Dividend - Rs 27 Per Share |
| 2019-08-02 | Dividend | Annual General Meeting/Dividend - Rs 9 Per Share |
| 2018-04-04 | Dividend | Interim Dividend Rs 8/- Per Share (Purpose Revised) |
| 2017-08-04 | Dividend | Annual General Meeting/Dividend - Rs 4/- Per Share |
| 2017-02-20 | Dividend | Interim Dividend Rs 4/- Per Share (Purpose Revised) |
| 2016-03-17 | Dividend | Interim Dividend - Rs 8/- Per Share And Special Dividend - Rs 10/- Per Share ((Purpose Revised) |
| 2015-09-10 | Dividend | Annual General Meeting/ Dividend - Rs 8/- Per Share |
| 2014-08-27 | Dividend | Annual General Meeting / Dividend - Rs 6/- Per Share |
| 2013-08-01 | Dividend | Annual General Meeting And Dividend Rs.4/- Per Share |
| 2012-08-02 | Dividend | Annual General Meeting And Dividend Rs.3/- Per Share |
| 2011-07-28 | Dividend | Dividend-Rs.3/- Per Share |
| 2010-07-29 | Dividend | Final Dividend-Rs.1.70 Per Share |
| 2010-02-18 | Other | Int Div-Re.0.80 Per Share |
Documents
- Annual report FY26
- Annual report FY25
- Annual report FY24
- Annual report FY23
- Annual report FY22
- Announcements NSE filings
- BRSR FY26
- Latest results (data file) XBRL
- Announcements BSE filings
Links go to the original files on the exchange website.
About the company
- Manufacturing: Metal and metal products
| Sector | Industrials |
| Industry | Castings & Forgings |
| Sub-industry | Castings & Forgings |
| Symbol | AIAENG |
| BSE code | 532683 |
| ISIN | INE212H01026 |
| Face value | ₹2.0 |
| Incorporated | 1991-03-11 |
| Website | www.aiaengineering.com |
| Plants (India / abroad) | 3 / 0 |
From the company's filings (BRSR FY26).
Data built 2026-10-22 from NSE company filings (XBRL: Integrated Filing - Financials + financial results), NSE shareholding & pledge data; price = NSE close 2026-10-26.