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AIA Engineering Share Price

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NSEBSE

3923.60-87.25 (-2.18%)

12:00 AM,12th Apr 2024

3918.45-99.70 (-2.48%)

12:00 AM,12th Apr 2024

BSE : 532683

NSE : AIAENG

Sector : Engineering

ISIN Code : INE212H01026

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Last Updated: Apr 12 2024 | 12:00 AM IST

Market Cap (₹ Cr)

36999

Turnover (₹ Cr)

2.64

Volume (Shares)

67164

Face Value

2

52-WK High

4630.00

52-WK High Date

01 Feb 2024

52-WK Low

2620.00

52-WK Low Date

28 Apr 2023

All Time High

4630.00

All Time High Date

01 Feb 2024

All Time Low

75.30

All Time Low Date

14 Jun 2006

AIA Engineering Ltd

AIA Engineering Ltd. is engaged in manufacturing of High Chrome Mill Internals. The Company designs manufactures and markets a wide range of consumable wear parts (Mill Internals) which are used in the process of Crushing and Grinding in Cement Mining Thermal Power and Aggregate industries. The Company's current capacity stands at 440000 MT of annual production of High Chrome Mill Internals. AIA Engineering Ltd was incorporated on March 11 1991 with the name Magotteaux (India) Pvt Ltd. On November 4 1978 Ahmedabad Induction Alloys Pvt Ltd promoted by Mr Bhadresh K Shah was incorporated. This company was merged with AIA Engineering on April 1 1991. The name of the company was changed to AIA Magotteaux Pvt with effect from May 11 1992. The name of the company was further changed to AIA Engineering Ltd on May 2 2000 due to the termination of joint venture with Magotteaux International S A Belgium.In the year 1995 the company made a technical collaboration with Southwestern Corporation (SWC) USA for process improvement in Raymond mills. In the year 1997 they associated with Alstom for process know-how for Stein designed mills for power plants. In September 2003 AIA Exports Pvt Ltd merged with the company with effect from April 1 2002. In the same year they acquired the 100% stake in Vega UK through Vega Middle East thereby making all Vega companies wholly owned subsidiaries. During the year 2003-04 a wholly owned subsidiary in the name of Vega Industries (Canada) Inc was incorporated in Canada. On December 31 2004 the company acquired entire business of Gray Cast Foundry Works (GCFW) a partnership firm and the manufacturing Division of Centricast Enterprises Pvt Ltd (CEPL).In 2005-06 the company has increased the production capacity of Castings by 1800 MT to 18600 MT. In 2006-07 they further increased the production capacity by 50000 MT to 68600 MT. In January 2007 the first phase of EOU division has commenced the trial production at their Greenfield Manufacturing facility at Moraiya in Ahmedabad. In 2008 AIA Engineering Ltd commissioned 1 lakh Mt Grinding Media Plant. From February 2008 PCCL has become a 100% Subsidiary of the company. In 2009 AIA Engineering Ltd started supply to mining companies. In 2011 the company enhanced manufacturing capacity to 2 lakh Mt. In 2013 the company achieved the milestone of 1 lakh Mt in annual sales to mining companies. On 19 January 2016 AIA Engineering announced that it has started commercial production under Phase I of its Greenfield project at GIDC Kerala in Gujarat. The installed capacity under the first phase is 66000 metric tonnes (Mt) per year. The company has completed its brownfield expansion of 14000 Mt per year at its Trichy plant. With this expansion the total installed capacity of wear parts of the Group will be augmented from 2.6 lakh Mt to 3.4 lakh Mt per year. In 2017 AIA Engineering completed Phase I of GIDC Kerala plant Greenfield project in Gujarat.On 23 May 2017 AIA Engineering informed the stock exchanges that Magotteaux International S.A. Belgium has initiated arbitral proceedings against the company and its managing director Mr. Bhadresh K Shah before the International Chamber of Commerce London (ICC) and has claimed the reliefs of injunction and damages inter alia alleging infringement of its patent by AIA Engineering in relation to its Sintercast product and breach of the Settlement Deed in relation to its Sintercast product. According to Magotteaux in its request for initiating Arbitration the amount in controversy in the arbitral dispute is approximately USD 60 million including costs and damages. AIA Engineering said it disputes this request and denies the allegations made therein and is confident of successfully defending the matter in accordance with law. As on 31 March 2018the Company's capacity stands at 340000 Mt of high chrome mill internals. The Company is in midst of expanding this capacity to 440000 Mt by brownfield expansion at its existing plant in GIDC Kerala near Ahmedabad in two phases of 50000 Mt each. The incremental Capex to be incurred for this expansion is estimated at around Rs 350 Crore.During the year 2017-18 Vega Industries Chile SpA and AIA Ghana Limited step down subsidiaries of the Company were incorporated by Vega Industries (Middle East) FZC. UAE a Wholly Owned Subsidiary of the Company. During the year 2018-19 Vega Industries Australia Pty Ltd step down subsidiary of the Company have been incorporated by Vega Industries (Middle East) FZC. UAE a Wholly Owned Subsidiary of the Company. In 2019 the Company installed 8 Wind Turbines of 2.1 MW each. The manufacturing capacity of 50000 MT Greenfield project was commissioned at Kerala GIDC Ahmedabad.During FY'22 the Company installed 2 Wind Turbines of total 5.4 MW taking total renewable energy capacity to 24.3 MW.During the year 2022-23 Company acquired 26% of Paid-up Equity Share Capital of Clean Max Meridius Private Limited and Max Meridius was made an Associate Company of the Company with effect from 21 December 2022. The Company commissioned Mining Liners Plant with a capacity of 50000 TPA in Quarter 2 of FY 2022-23.

AIA Engineering Ltd - Key Fundamentals

PARAMETER VALUES
Market Cap (₹ Cr)

36999

EPS - TTM (₹) [S]

103.11

P/E Ratio (X) [S]

6.35

Face Value (₹) 2
Latest Dividend (%)800.00
Latest Dividend Date 12 Sep 2023
Dividend Yield (%) 0.41
Book Value Share (₹) [S]618.37
P/B Ratio (₹) [S]6.35
[*C] Consolidated [*S] Standalone

Funds Owing this Stock

Scheme Name Amount Invested ( ₹ Cr ) No Of Shares Net Asset (%)
HDFC Mid-Cap Opportunities Fund (G) 1358.84 3470634 2.25
HDFC Mid-Cap Opportunities Fund (IDCW) 1358.84 3470634 2.25
HDFC Mid-Cap Opportunities Fund - Direct (IDCW) 1358.84 3470634 2.25
HDFC Mid-Cap Opportunities Fund - Direct (G) 1358.84 3470634 2.25
SBI Equity Hybrid Fund (IDCW) 1135.42 2900000 1.69
SBI Equity Hybrid Fund (G) 1135.42 2900000 1.69
SBI Equity Hybrid Fund - Direct (G) 1135.42 2900000 1.69
SBI Equity Hybrid Fund - Direct (IDCW) 1135.42 2900000 1.69
Kotak Flexi Cap Fund (G) 425.09 1085720 0.93
Kotak Flexi Cap Fund - Direct (G) 425.09 1085720 0.93

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Research Reports

Date BrokerActionPrices(Rs)Report
26-05-2023Centrum Buy 2910
28-09-2022ICICI Securities Accumulate 2550

Stock Strength

Today's Low/High

3901.00

4037.90

Week Low/High

3901.00

4206.00

Month Low/High

3554.10

4206.00

Year Low/High

2620.00

4630.00

All time Low/High

78.24

4630.00

Share Price Returns

Period BSENSE SENSEXNIFTY
1 Week-2.30%-1.80%0.000.03%
1 Month6.29%6.19%0.780.82%
3 Month4.74%4.70%2.312.85%
6 Month16.46%16.52%11.8013.77%
1 Year35.19%35.01%22.9426.43%
3 Year106.04%106.29%55.0557.36%

Company Info

Company Information

Chairman & Independent Directo : Rajendra Shah

ED / MD / Promoter : Bhadresh K Shah

E D & Wholetime Director : Yashwant Manubhai Patel

Independent Non Exe. Director : Sanjay Shailesh Majmudar

Independent Non Exe. Director : Dileep C Choksi

Independent Non Exe. Director : Rajan Ramkrishna Harivallabhdas

Non-Exec & Non-Independent Dir : Khushali Samip Solanki

Non-Exec & Non-Independent Dir : Bhumika S Shodhan

Independent Non Exe. Director : Janaki Udayan Shah

Registered Office: 115 GVMM Estate, Odhav Road,Ahmedabad,Gujarat-382410 Ph: 91-79-22901078-81

Email:ric@aiaengineering.com snj@aiaengineering.com

URL:http://www.aiaengineering.com