Live AIA Engineering Share Price Chart

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VOL 283

AIA Engineering Performance

Days Range

Low: ₹3,690.00
High: ₹3,811.60
Previous Close ₹3,791.80
Open ₹3,800.00
Volume 41,007
Day’s Range ₹3,690.00 - ₹3,811.60
52W Range ₹2,620.00 - ₹4,630.00
Market Cap ₹35,726 Cr

AIA Engineering Fundamentals

ROCE (TTM) 24.4
P/E Ratio (TTM) 30.58
P/B Ratio 5.7
Industry P/E 35.36
Debt to Equity 0.08
ROE 19.84
EPS (TTM) 121.21
Dividend Yield 0.43
Book Value 650
Face Value 2

AIA Engineering Financials

Mar 2023Jun 2023Sep 2023Dec 2023
Net Sales1,273.561,239.591,294.81,169.16
Expenses981.07920.8937.21884.93
Profit before tax346.41370.8412.49361.01
Operating Profit267.66272.52324.09279.9
Net Profit267.66272.52324.09279.9
EPS in Rs28.4328.8734.2629.64

About AIA Engineering

History of AIA Engineering Limited 

Incorporated in 1991, AIA Engineering Limited is involved in the manufacturing of metal and metal products. 

In 1978, the company started as Ahmedabad Induction Alloys Private Limited. In 1979, they started operations and produced wear parts for power and cement plants. In 1991, Ahmedabad Induction Alloys Private Limited was amalgamated with AIA. In 2003, the company established a wholly-owned subsidiary, Vega ME (Middle East), as a Wholly-Owned Subsidiary, which started operations in the Middle East. In 2005, the company went public and got listed on the exchanges. 

In 2011, the company established a new plant for mining liners and vertical mill parts. In 2017, AIA Engineering started Phase 1 of the Kerala Gujarat Industrial Development Corporation(GIDC), which is a greenfield facility near Ahmedabad for grinding media production. In 2019, the Kerala GIDC’s plant capacity was expanded by 50,000 Metric Tons Per Annum (MTPA). In the same year, the company installed 8 wind turbines of 2.1 Mega Watt each. In 2022, the company installed another 2 wind turbines for a total of 5.4 MW. In 2023, the company expanded the castings capacity to 50,000 MT in their Kerala GIDC plant.  

As of March 2023, the company has 6 manufacturing plants with a total manufacturing capacity of 4,40,000 Tons Per Annum (TPA). They serve over 120 countries worldwide, including the USA, the UK, Australia, etc. The company has extensive experience in metallurgy, component design and grinding applications. This enables it to manufacture superior-quality parts for vertical mills, tube mills, pulverisers, and many more.

Business Segments of AIA Engineering Limited 

The primary solutions offered by the company are as follows:

  • Cement: Under this segment, the company manufactures wear parts for cement plants, tube mills and vertical mills. 
  • Mining: The company focuses on providing durable wear components with extended lifespans that reduce operating costs. 
  • Thermal: For thermal plants, the company produces cost-effective improvised shell liners and grinders.
  • Quarry: In this, the company produces improved wear machinery components used for extraction. This machinery can help increase productivity and profitability. 

As of March 31, 2023, some of the subsidiaries of AIA Engineering Limited are as follows:

  • AIA CSR Foundation: This is a wholly-owned subsidiary of the company that carries out the company’s CSR activities. 
  • Vega Industries (Middle East) FZC (Vega ME): This wholly-owned subsidiary of the company carries out the company’s operations in the Middle East. 
  • Welcast Steels Limited: This subsidiary manufactures grinding media of different grades for AIA Engineering Limited. AIA Engineering Limited holds a stake of 74.85% in this company. 

Key Personalities of AIA Engineering Limited

Bhadresh Shah, Managing Director and Promoter

Bhadresh Shah is the Managing Director of AIA Engineering Limited. He has extensive technical knowledge and experience in various fields, such as finance, production and technical administration. He focuses on new product development, process improvements, quality, and compliance with international manufacturing standards.

Parent Organisation Indian Private
Founded 1991
Managing Director Rajendra Shah
NSE Symbol AIAENG

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Hilton Metal Forging Ltd ₹314.90

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Sterling Tools Ltd ₹1,307.32

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Harig Crankshafts Ltd ₹31.55

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1.8 - 3.3

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AIA Engineering FAQs

What is the Share price of AIA Engineering (AIAENG)?

AIA Engineering (AIAENG) share price as of February 28, 2024, on NSE is Rs 3,703.25 (NSE) and Rs 3,706.70 (BSE) on BSE.

Can I buy AIA Engineering (AIAENG) shares?

Yes, You can buy AIA Engineering (AIAENG) shares by opening a Demat account with Angel One.

How do I buy AIA Engineering (AIAENG) from Angel One?

AIA Engineering (AIAENG) share can be brought through the following modes:
  1. Direct investment: You can buy AIA Engineering (AIAENG) shares by opening a Demat account with Angel One.
  2. Indirect investment: The indirect method involves investing through ETFs and Mutual Funds that offer exposure to AIA Engineering (AIAENG) shares.

Is AIA Engineering a Debt free Company?

No, AIA Engineering is not a debt free company.

What is the main business of AIA Engineering?

The main business of AIA Engineering is to design, manufacture, develop, install and service high chromium wear, and corrosion and abrasion resistant castings used across diverse industries, such as mining, cement, and thermal power generation.

Who are the promoters of AIA Engineering?

The top promoters of AIA Engineering are Bhadresh Kantilal Shah, Khushali Bhadreshbhai Shah, and Bhumika Shyamal Shodhan.

What are the Subsidiaries that comes under AIA Engineering?

The main subsidiaries that come under AIA Engineering are Vega Industries Limited – U.K., Welcast Steels Limited – India, Vega Industries (Middle East) F.Z.C. – U.A.E., AIA CSR Foundation – India, Vega Industries Limited – U.S.A., Wuxi Vega Trade Co., Limited – China, and Vega Steel Industries (RSA) (PTY.) Limited – South Africa.