AIA Engineering Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹3,534.23Overvalued by 13.74%vs CMP ₹4,097.00

P/E (30.1) × ROE (17.0%) × BV (₹860.00) × DY (0.39%)

₹1,981.45Overvalued by 51.64%vs CMP ₹4,097.00

MoS: -106.8% (Negative)Confidence: 63/100 (Moderate)Models: 1 Fair, 8 Over

Model	Category	Value	Weight	Signal
PE-ROE	Earnings	₹4,016.39	22%	Fair (-2%)
Graham Number	Earnings	₹1,552.31	16%	Over (-62.1%)
Earnings Power	Earnings	₹956.44	13%	Over (-76.7%)
DCF	Cash Flow	₹2,388.57	13%	Over (-41.7%)
Net Asset Value	Assets	₹860.12	7%	Over (-79%)
EV/EBITDA	Enterprise	₹1,615.44	9%	Over (-60.6%)
Earnings Yield	Earnings	₹1,245.30	7%	Over (-69.6%)
ROCE Capital	Returns	₹1,220.74	9%	Over (-70.2%)
Revenue Multiple	Revenue	₹689.14	5%	Over (-83.2%)
Consensus (9 models)		₹1,981.45	100%	Overvalued

Key Drivers: Wide model spread (₹689–₹4,016) — high uncertainty.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: 13.6%

*Investments are subject to market risks

Analysis summary

Data coverage: Price-data record updated 14 September 2026, 12:24 pm +05:30. Annual results through Mar 2025; quarterly results through Dec 2025; cash flow through Mar 2026. Each section can have a different reporting period. The share price is not live.

Valuation in context

Operating performance

Revenue for Mar 2025 was ₹4,287.00 Cr, versus ₹4,854.00 Cr in Mar 2024 (-11.7% year on year). Net profit for Mar 2025 was ₹1,060.00 Cr, versus ₹1,137.00 Cr in Mar 2024 (-6.8% year on year). These are the latest annual periods stored on this page; check the quarterly table separately for more recent developments.

Cash generation

For the same Mar 2025 period, operating cash flow was ₹1,162.00 Cr against net profit of ₹1,060.00 Cr. Cash flow covered 1.10 times reported profit. Cash generation supports the reported profit for this period; check whether this continues over several years.

Balance-sheet check

Reported borrowings were ₹10.00 Cr in Mar 2026. Read this alongside cash, interest costs and repayment obligations; reserves are an accounting balance and are not the same as available cash.

How to use the valuation and peer comparisons

The Intrinsic Value panel combines the available model estimates using the displayed weights. Earnings, cash-flow, dividend and asset-based methods can give very different answers. The displayed 12% cost of equity and 4% terminal growth assumptions apply where relevant; historical EPS growth is not a promise of future growth. Use the individual values and their spread to judge sensitivity.

The peer group follows the stored industry classification and may include different business models. Compare reporting periods, leverage and recurring earnings before interpreting a valuation gap. For banks and other financial businesses, capital adequacy and asset quality can be more informative than industrial-company cash-flow ratios.

Sources: Company data source. Check the company filings linked by the source for the reporting basis and exceptional items.

Automatically generated interpretation of the stored financial data, not a separately researched analyst opinion. Missing data is not evidence of poor performance. New filings become available here after the existing data refresh process captures them.

Investment Snapshot

AIA Engineering Ltd scores 76/100 (Strong)

Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison

Stock Health91/100 · Strong

ROCE 21.1% ExcellentROE 17.0% GoodD/E 0.07 Low debtInterest Coverage 70.2x StrongProfitable 5/5 available years Reported history

Smart Money60/100 · Moderate

FII holding up 0.21% (6mo) Slight increasePromoter holding at 58.5% Stable

Earnings Quality90/100 · Strong

CFO/NP ratio: 0.90x Cash-backed earningsOPM expanding (23% → 28%) Improving

Quarterly Momentum58/100 · Moderate

Revenue (4Q): 1% YoY FlatProfit (4Q): +12% YoY Positive

Industry Rank60/100 · Moderate

P/E 30.1 vs industry 36.9 In-lineROCE 21.1% vs industry 14.9% Above peers3Y sales CAGR: 6% Slow

Weights: Health 30% · Earnings Quality 25% · Momentum 20% · Industry Rank 15% · Smart Money 10%. Scores use stored reporting periods and are screening indicators, not investment recommendations. Missing health ratios are excluded. Broad industry groups and financial-sector accounting can limit comparability.

Share Price and Basic Stock Data

Last Updated: September 14, 2026, 12:24 pm

Market Cap	38,230 Cr.
Current Price	4,097
Intrinsic Value	₹1,981.45
High / Low	5,180/3,030
Stock P/E	30.1
Book Value	860
Dividend Yield	0.39 %
ROCE	21.1 %
ROE	17.0 %
Face Value	2.00
PEG Ratio	2.21

Understand these figures: how to read the P/E ratio, ROE versus earnings per share, and calculate intrinsic value.

Stock P/E, Current Price, and Intrinsic Value Over Time

Stock P/E Current Price Intrinsic Value

View Share Price Target for AIA Engineering Ltd

Competitors

Stock Name ⇩	Market Cap ⇩	Current Price ⇩	High / Low ⇩	Stock P/E ⇩	Book Value ⇩	Dividend Yield ⇩	ROCE ⇩	ROE ⇩	Face Value ⇩
AIA Engineering Ltd	38,230 Cr.	4,097	5,180/3,030	30.1	860	0.39 %	21.1 %	17.0 %	2.00
Jayaswal Neco Industries Ltd	10,120 Cr.	104	117/57.1	17.7	29.3	0.00 %	20.7 %	18.0 %	10.0
Electrosteel Castings Ltd	4,798 Cr.	77.6	104/60.1	30.2	95.8	1.16 %	5.00 %	3.04 %	1.00
Kirloskar Industries Ltd	3,850 Cr.	3,664	4,575/2,456	12.6	5,947	0.35 %	7.01 %	3.77 %	10.0
Alicon Castalloy Ltd	1,204 Cr.	733	1,025/580	32.4	385	0.68 %	10.6 %	7.03 %	5.00
Industry Average	6,673.67 Cr	963.29		36.88	762.85	0.49%	14.91%	16.06%	7.00

All Competitor Stocks of AIA Engineering Ltd

Quarterly Result

Metric	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025
Sales	1,227	1,274	1,240	1,295	1,169	1,150	1,020	1,044	1,066	1,157	1,039	1,048	1,067
Expenses	861	958	897	913	858	853	731	769	783	855	733	751	777
Operating Profit	366	316	343	382	311	297	289	276	283	302	306	297	290
OPM %	30%	25%	28%	30%	27%	26%	28%	26%	27%	26%	29%	28%	27%
Other Income	118	64	60	62	84	77	83	91	72	98	114	99	132
Interest	5	10	8	7	7	6	6	5	1	8	7	8	16
Depreciation	24	23	24	25	27	25	25	24	26	28	28	28	28
Profit before tax	454	346	371	412	361	344	341	337	327	363	386	360	378
Tax %	22%	23%	26%	21%	22%	24%	24%	24%	21%	21%	21%	23%	22%
Net Profit	352	268	273	324	280	260	259	256	259	285	305	277	293
EPS in Rs	37.37	28.43	28.87	34.25	29.64	27.62	27.52	27.51	27.78	30.56	32.69	29.73	31.55

Last Updated: February 6, 2026, 8:17 pm

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: February 18, 2026, 2:17 pm

Metric	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	TTM
Sales	2,079	2,182	2,097	2,246	2,445	3,070	2,970	2,881	3,567	4,909	4,854	4,287	4,311
Expenses	1,573	1,593	1,484	1,607	1,906	2,406	2,285	2,220	2,841	3,663	3,513	3,134	3,116
Operating Profit	506	589	613	639	540	664	685	661	726	1,245	1,340	1,154	1,195
OPM %	24%	27%	29%	28%	22%	22%	23%	23%	20%	25%	28%	27%	28%
Other Income	2	83	101	104	122	121	142	170	156	235	281	343	443
Interest	10	8	8	8	11	11	10	8	8	25	33	26	40
Depreciation	38	70	66	72	66	79	98	94	92	93	100	103	112
Profit before tax	460	594	641	662	585	694	719	730	781	1,362	1,488	1,368	1,486
Tax %	29%	27%	29%	31%	24%	26%	18%	22%	21%	22%	24%	23%
Net Profit	326	431	457	457	444	511	590	566	620	1,056	1,137	1,060	1,161
EPS in Rs	34.45	45.69	48.44	48.43	47.00	54.16	62.59	60.02	65.70	111.95	120.39	113.67	124.53
Dividend Payout %	17%	18%	37%	17%	17%	17%	43%	15%	14%	14%	13%	14%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year	2014-2015	2015-2016	2016-2017	2017-2018	2018-2019	2019-2020	2020-2021	2021-2022	2022-2023	2023-2024	2024-2025
YoY Net Profit Growth (%)	32.21%	6.03%	0.00%	-2.84%	15.09%	15.46%	-4.07%	9.54%	70.32%	7.67%	-6.77%
Change in YoY Net Profit Growth (%)	0.00%	-26.18%	-6.03%	-2.84%	17.93%	0.37%	-19.53%	13.61%	60.78%	-62.65%	-14.44%

AIA Engineering Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2014-2015 to 2024-2025.

Growth

Compounded Sales Growth
10 Years:	7%
5 Years:	8%
3 Years:	6%
TTM:	-7%

Compounded Profit Growth
10 Years:	9%
5 Years:	13%
3 Years:	19%
TTM:	-1%

Stock Price CAGR
10 Years:	13%
5 Years:	11%
3 Years:	6%
1 Year:	-30%

Return on Equity
10 Years:	16%
5 Years:	16%
3 Years:	18%
Last Year:	15%

Last Updated: September 4, 2025, 10:25 pm

Balance Sheet

Last Updated: August 27, 2026, 2:00 am

Month	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	19	19	19	19	19	19	19	19	19	19	19	19
Reserves	2,065	2,304	2,698	2,990	3,495	3,682	4,225	4,736	5,672	6,639	6,908	8,007
Borrowings	99	184	140	123	128	127	193	10	503	461	491	10
Other Liabilities	367	278	333	426	391	334	321	361	437	375	416	497
Total Liabilities	2,549	2,785	3,190	3,559	4,033	4,162	4,758	5,125	6,630	7,494	7,833	8,532
Fixed Assets	551	672	670	671	845	890	811	790	1,003	1,110	1,175	1,233
CWIP	46	38	43	97	60	32	161	210	107	92	77	16
Investments	637	946	960	1,092	1,145	1,418	809	1,055	2,254	3,043	3,919	4,302
Other Assets	1,314	1,128	1,518	1,699	1,984	1,821	2,977	3,070	3,266	3,249	2,663	2,981
Total Assets	2,549	2,785	3,190	3,559	4,033	4,162	4,758	5,125	6,630	7,494	7,833	8,532

Reserves and Borrowings Chart

Cash Flow

Month	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Cash from Operating Activity +	307	595	231	294	190	679	598	-40	868	903	1,162	592
Cash from Investing Activity +	-257	-449	-16	-196	-162	-310	-351	101	-1,212	-819	-203	-114
Cash from Financing Activity +	-83	-208	-91	-158	-0	-429	67	-267	395	-211	-743	-660
Net Cash Flow	-33	-63	124	-60	27	-60	314	-205	51	-127	217	-182
Free Cash Flow	125	418	151	157	-9	548	475	-165	675	693	1,027	491
CFO/OP	85%	125%	61%	84%	56%	121%	118%	17%	94%	92%	123%	69%

Free Cash Flow

Free cash flow reported in the stored cash-flow statement (₹ Cr)
Period	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Free Cash Flow	125.00	418.00	151.00	157.00	-9.00	548.00	475.00	-165.00	675.00	693.00	1,027.00	491.00

This table and the chart use the Free Cash Flow row from the same stored cash-flow statement. Free cash flow generally measures operating cash flow after capital expenditure; check the source definition and reporting basis. It is not operating profit minus borrowings.

Free Cash Flow Chart

Financial Efficiency Indicators

Month	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Debtor Days	76	66	75	80	90	84	80	81	82	64	66	70
Inventory Days	161	220	199	263	209	234	242	241	304	215	212	214
Days Payable	61	57	50	68	60	52	42	53	49	46	31	41
Cash Conversion Cycle	176	229	223	275	239	266	279	269	337	233	247	243
Working Capital Days	105	119	107	133	132	154	149	136	191	102	129	118
ROCE %	28%	29%	25%	25%	20%	20%	19%	17%	17%	25%	23%	19%

Financial Efficiency Indicators Chart

Share Holding Pattern

Month	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Promoters	58.47%	58.47%	58.47%	58.47%	58.50%	58.50%	58.50%	58.50%	58.50%	58.50%	58.50%	58.50%
FIIs	18.50%	18.29%	18.16%	17.68%	17.93%	17.21%	17.06%	17.00%	16.66%	16.57%	16.79%	16.87%
DIIs	20.29%	20.46%	20.53%	20.94%	20.83%	21.84%	22.03%	22.02%	22.18%	22.26%	22.03%	22.10%
Government	0.00%	0.00%	0.01%	0.01%	0.01%	0.01%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Public	2.74%	2.78%	2.82%	2.91%	2.73%	2.43%	2.40%	2.48%	2.64%	2.66%	2.69%	2.54%
No. of Shareholders	40,326	43,427	44,943	45,928	50,461	53,263	54,166	55,456	59,297	55,406	59,500	58,979

Shareholding Pattern Chart

No. of Shareholders

AIA Engineering Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

Mutual Fund Holdings

Fund Name	No of Shares	AUM (%)	Amount Invested (Cr)	Previous Number of Shares	Previous Date	Percentage Change
HDFC Mid Cap Fund	3,328,247	1.44	1327.64	N/A	N/A	N/A
SBI Equity Hybrid Fund	2,900,000	1.42	1156.81	2,926,646	2025-12-08 00:51:45	-0.91%
SBI Midcap Fund	1,800,000	3.2	718.02	1,654,165	2025-12-15 00:51:59	8.82%
SBI ELSS Tax Saver Fund	1,484,340	1.86	592.1	N/A	N/A	N/A
ICICI Prudential Large & Mid Cap Fund	1,150,277	1.67	458.85	1,162,546	2026-02-23 07:05:51	-1.06%
Kotak Flexicap Fund	1,072,487	0.76	427.82	N/A	N/A	N/A
SBI Large & Midcap Fund	1,054,511	1.12	420.64	740,000	2025-12-08 02:38:43	42.5%
ICICI Prudential Multi Asset Fund	1,014,887	0.5	404.84	1,021,888	2026-02-23 07:05:51	-0.69%
ICICI Prudential Infrastructure Fund	574,561	2.84	229.19	612,120	2026-02-23 06:04:39	-6.14%
SBI Flexicap Fund	544,951	0.94	217.38	N/A	N/A	N/A

ROCE Trend

EPS Trend

Key Financial Ratios

Month	Mar 25	Mar 24	Mar 23	Mar 22	Mar 21
FaceValue	2.00	2.00	2.00	2.00	2.00
Basic EPS (Rs.)	113.14	120.40	111.95	65.70	60.02
Diluted EPS (Rs.)	113.14	120.40	111.95	65.70	60.02
Cash EPS (Rs.)	123.38	131.02	121.88	75.14	69.89
Book Value[Excl.RevalReserv]/Share (Rs.)	742.28	706.95	604.35	505.03	450.92
Book Value[Incl.RevalReserv]/Share (Rs.)	742.28	706.95	604.35	505.03	450.92
Revenue From Operations / Share (Rs.)	459.43	514.60	520.43	378.13	305.50
PBDIT / Share (Rs.)	158.68	171.24	156.40	93.01	87.73
PBIT / Share (Rs.)	147.64	160.61	146.54	83.24	77.81
PBT / Share (Rs.)	145.38	157.60	144.41	82.83	77.36
Net Profit / Share (Rs.)	112.34	120.39	112.01	65.37	59.98
NP After MI And SOA / Share (Rs.)	113.67	120.40	111.95	65.38	60.02
PBDIT Margin (%)	34.53	33.27	30.05	24.59	28.71
PBIT Margin (%)	32.13	31.21	28.15	22.01	25.47
PBT Margin (%)	31.64	30.62	27.74	21.90	25.32
Net Profit Margin (%)	24.45	23.39	21.52	17.28	19.63
NP After MI And SOA Margin (%)	24.74	23.39	21.51	17.29	19.64
Return on Networth / Equity (%)	15.31	17.05	18.55	12.96	13.33
Return on Capital Employeed (%)	19.55	22.45	24.01	16.28	17.01
Return On Assets (%)	13.54	15.15	15.92	12.03	11.89
Total Debt / Equity (X)	0.07	0.06	0.08	0.00	0.04
Asset Turnover Ratio (%)	0.55	0.68	0.70	0.64	0.56
Current Ratio (X)	8.17	8.01	6.07	12.26	7.78
Quick Ratio (X)	6.88	6.40	4.68	8.23	6.08
Inventory Turnover Ratio (X)	3.86	1.62	2.17	2.50	1.80
Dividend Payout Ratio (NP) (%)	14.22	13.28	8.03	13.76	0.00
Dividend Payout Ratio (CP) (%)	12.96	12.21	7.38	11.97	0.00
Earning Retention Ratio (%)	85.78	86.72	91.97	86.24	0.00
Cash Earning Retention Ratio (%)	87.04	87.79	92.62	88.03	0.00
Interest Coverage Ratio (X)	70.21	56.91	73.38	227.83	192.74
Interest Coverage Ratio (Post Tax) (X)	50.70	41.01	53.55	161.14	132.77
Enterprise Value (Cr.)	31295.18	36842.95	27074.06	14856.82	18114.21
EV / Net Operating Revenue (X)	7.30	7.59	5.52	4.17	6.29
EV / EBITDA (X)	21.13	22.81	18.35	16.94	21.89
MarketCap / Net Operating Revenue (X)	7.29	7.61	5.58	4.30	6.70
Retention Ratios (%)	85.77	86.71	91.96	86.23	0.00
Price / BV (X)	4.51	5.55	4.81	3.23	4.55
Price / Net Operating Revenue (X)	7.29	7.61	5.58	4.30	6.70
EarningsYield	0.03	0.03	0.03	0.04	0.02

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Frequently asked questions

What is the intrinsic value of AIA Engineering Ltd and is it undervalued?

AIA Engineering Ltd: the stored intrinsic value estimate is ₹1,981.45, compared with a stored share price of ₹4,097.00. The model value is 51.6% below that quote. The model classifies this as overvalued; it is an estimate dependent on the inputs and assumptions, not a price target or a buy/sell recommendation. The estimate uses the available valuation models and weights shown in the Intrinsic Value panel, including earnings, cash-flow and asset-based approaches where data permits. It is not a P/E-only calculation.

What share price and 52-week range are shown for AIA Engineering Ltd?

The stored share price is ₹4,097.00. Price-data record updated: 14 September 2026, 12:24 pm +05:30. This is not a live quote. The stored 52-week high / low is 5,180/3,030; this is a rolling range, not a financial-year range.

How have AIA Engineering Ltd's revenue and profit changed?

Does AIA Engineering Ltd's profit convert into cash?

What should I check in AIA Engineering Ltd's balance sheet?

Reported borrowings were ₹10.00 Cr in Mar 2026. Read this alongside cash, interest costs and repayment obligations; reserves are an accounting balance and are not the same as available cash.

How should I compare AIA Engineering Ltd's P/E with other stocks?

The stored P/E is 30.10. Compare companies with similar business models, growth, leverage and accounting periods. The industry group on this page is broad, and its average can be affected by outliers. A lower P/E alone does not establish undervaluation.

What could change AIA Engineering Ltd's intrinsic value estimate?

Changes in sustainable earnings, cash generation, capital needs, debt and share count can change the estimate. The displayed model uses a 12% cost of equity and 4% terminal growth assumption where applicable. Higher discount rates or weaker growth generally reduce discounted values. Compare the individual model values and weights, and verify fresh filings before relying on the result.