AIA Engineering Q1 FY27 Share Price & Earnings Call Analysis

₹3,595.90-1.14% today
Market cap
₹33,554 Cr
P/E
26.45
ROE
16.99%
PEG
3.98
Price to sales
7.38
Debt to equity
0.00
52W high / low
₹5,081 / ₹3,250
Sales growth (5Y)
8.93%
EBITDA margin
27.65%
Net profit margin
28.71%
Promoter holding
58.50%
Sales (last year)
₹4,549 Cr

AIA manufactures high-chrome grinding media, liners and diaphragms, collectively known as mill internals. These are used for crushing and grinding operations in the cement, power utility & aggregates and mining industries. [1]

Guidance scorecard · Q1 FY27 call

What AIA Engineering Ltd's management guided
and where it ranks in Industrial Products

RevenueQ1 FY27 call

0–10%
  • Current production utilization is around 65-70%, with quarterly volumes of 60,000-65,000 tons. Capacity stands at ~430,000-440,000 tons.
  • Technically, production can ramp up to 70-75% utilization (~3 to 3.5 lakh tons) on current capacity. Plans to add more capacity to meet future market demand are ongoing.
  • Trials for new products (New Generation Discharge System - NGDS) in large mines are underway, with the goal of increasing production and sales as part of integrated solution packages (grinding media + liners + NGDS).
  • Growth is contingent on successful conversions and trials, particularly in mining sectors like gold, copper, and iron, with a total opportunity broadly estimated at 1-1.5 million tons for key segments.

2 more points from AIA Engineering Ltd's call on revenue

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Full Q1 FY27 analysis

MarginsQ1 FY27 call

Flat

See what AIA Engineering Ltd said on margins — free account, 30 seconds.

Full Q1 FY27 analysis

CapexQ1 FY27 call

Planned
  • Q1 FY27 capex was INR 50 crores: approx. INR 30 crores spent on hybrid solar wind project, and the balance on maintenance and debottlenecking.
  • FY27 initial capex guidance was INR 130 crores but has been significantly increased.
  • Exact capex figures for FY27 will be updated in Q2.
  • Renewable power (solar-wind hybrid) project capex of about INR 30 crores is now operational with benefits expected in coming quarters.
Full Q1 FY27 analysis

FundraisingQ1 FY27 call

See what AIA Engineering Ltd said on fundraising — free account, 30 seconds.

Full Q1 FY27 analysis

Order bookQ1 FY27 call

Ask what AIA Engineering Ltd said on the order book →

Full Q1 FY27 analysis

Ranges are what management guided for revenue growth and margins on the latest earnings call. Not investment advice, and not a forecast of returns.

Potential multibaggers · Q2 FY27

Potential multibaggers in Industrial Products
on management's own guidance

  1. Strong growth
    2
  2. Strong growth
    1
  3. Strong growth
    3

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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.

Peers

Industrial Products companies ranked on guidance

#CompanyRevenue guidedMargin guidedMarket capP/E
140%+Up 2%+₹532 Cr21.2
240%+Up 2%+₹450 Cr13.2
340%+Up 2%+₹371 Cr26.1
440%+Up 0–2%₹1,340 Cr32.9
540%+Up 0–2%₹1,196 Cr14.1
640%+Flat₹966 Cr25.0

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Pro shows every company guiding 40%+ revenue growth →Full Industrial Products ranking

Financials of AIA Engineering Ltd

Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.

Financials of AIA Engineering Ltd

Quarterly Results

Quarter-by-quarter operating performance

Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Sales +1,2741,2401,2951,1691,1501,0201,0441,0661,1571,0391,0481,0671,266
Expenses +958897913858853731769783855733751777904
Operating Profit316343382311297289276283302306297290363
OPM %25%28%30%27%26%28%26%27%26%29%28%27%29%
Other Income +64606284778391729811499132140
Interest108776651878165
Depreciation23242527252524262828282829
Profit before tax346371412361344341337327363386360378468
Tax %23%26%21%22%24%24%24%21%21%21%23%22%16%
Net Profit +268273324280260259256259285305277293393
EPS in Rs28.4328.8734.2529.6427.6227.5227.5127.7830.5632.6929.7331.5542.14

Financials of AIA Engineering Ltd

Profit & Loss

Annual income statement trend

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Sales +2,1822,0972,2462,4453,0702,9702,8813,5674,9094,8544,2874,420
Expenses +1,5931,4841,6071,9062,4062,2852,2202,8413,6633,5133,1343,164
Operating Profit5896136395406646856617261,2451,3401,1541,256
OPM %27%29%28%22%22%23%23%20%25%28%27%28%
Other Income +83101104122121142170156235281343485
Interest8881111108825332637
Depreciation706672667998949293100103113
Profit before tax5946416625856947197307811,3621,4881,3681,592
Tax %27%29%31%24%26%18%22%21%22%24%23%20%
Net Profit +4314574574445115905666201,0561,1371,0601,269
EPS in Rs45.6948.4448.4347.0054.1662.5960.0265.70111.95120.39113.67136.11
Dividend Payout %18%37%17%17%17%43%15%14%14%13%14%12%

Financials of AIA Engineering Ltd

Balance Sheet

Capital structure and asset base

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital191919191919191919191919
Reserves2,0652,3042,6982,9903,4953,6824,2254,7365,6726,6396,9088,007
Borrowings +991841401231281271931050346149110
Other Liabilities +367278333426391334321361437375416502
Total Liabilities2,5492,7853,1903,5594,0334,1624,7585,1256,6307,4947,8338,538
Fixed Assets +5516726706718458908117901,0031,1101,1751,233
CWIP463843976032161210107927716
Investments6379469601,0921,1451,4188091,0552,2543,0433,9194,302
Other Assets +1,3141,1281,5181,6991,9841,8212,9773,0703,2663,2492,6632,987
Total Assets2,5492,7853,1903,5594,0334,1624,7585,1256,6307,4947,8338,538

Financials of AIA Engineering Ltd

Cash Flows

Operating, investing and financing cash movement

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity +307595231294190679598-408689031,162592
Cash from Investing Activity +-257-449-16-196-162-310-351101-1,212-819-203-124
Cash from Financing Activity +-83-208-91-158-0-42967-267395-211-743-660
Net Cash Flow-33-63124-6027-60314-20551-127217-193
Free Cash Flow125418151157-9548475-1656756931,027491
CFO/OP85%125%61%84%56%121%118%17%94%92%123%69%

Financials of AIA Engineering Ltd

Ratios

Working capital efficiency and return ratios

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days667580908480818264667097
Inventory Days220199263209234242241304215212214270
Days Payable575068605242534946314147
Cash Conversion Cycle229223275239266279269337233247243320
Working Capital Days119107133132154149136191102129118537
ROCE %29%25%25%20%20%19%17%17%25%23%19%21%

Guidance history

How AIA Engineering Ltd's guidance has moved, call by call

CallRevenueMarginsCapexFundraisingOrder book
Q1 FY27 call →0–10%FlatPlanned——
Q4 FY26 call →10–20%FlatPlanned——
Q3 FY26 call →10–20%FlatPlannedNone planned—
Q2 FY26 call →10–20%FlatPlanned——

What management guided on each call, newest first. Not investment advice, and not a forecast of returns.

24out of 100

Momentum score · price trend

24 out of 100 — Cooling

Over the past year its share price has done worse than most of the stocks we track.

PeriodShare price changeBetter than … of 1,910 stocks
Last 12 months+9.1%69%
Last 6 months−9.0%41%
Last 3 months−21.7%18%

The price is 29.2% below its all-time high of ₹5,081.4 (30 Jun 2026). Stocks more than 20% below their peak have their score halved, so 47 became 24.

How we calculate it

“Better than 30%” means that over that period the share price did better than 30 out of every 100 stocks we track (1,910 Indian companies worth ₹500 Cr or more, with at least a year of prices).

The score weighs the longer periods more: 40% × 12-month + 40% × 6-month + 20% × 3-month. For AIA Engineering Ltd: 0.4 × 69 + 0.4 × 41 + 0.2 × 18 = 47, halved to 24 because the price is more than 20% below its all-time high.

Strengthening is 70 and above, Steady 40 to 70, Cooling below 40. Scores are recalculated every night after the market closes.

Full methodology →

This describes only how the share price has moved up to 30 Oct 2026, compared with other stocks. It says nothing about the business, and it is not a prediction, a price target or a recommendation to buy or sell.

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