RedixFi
Market closedNIFTY25,030.35+2.0%Volatile1 event(s)
Market feed live

AIAENG · AIA Engineering Ltd · Misc. Capital Goods

AIAENG · AIA Engineering Ltd · Misc. Capital Goods

₹3,113.6-2.8%

As of 06 Nov close

52-week range

52wk low ₹3,08652wk high ₹5,180

39.9% below 52-week high

52-week range: as of 06 Nov 2026 close.

Price chartDaily closes on the stock page.

Stock Condition:Pro

Weighted combination of 8 measured readings. Not a probability, a rating or a forecast.

Full signal detail →

Fundamentals as of 15 Sep 2026 · the company's own latest record is 53 days old

Revenue growth accelerating

Revenue (latest Q)

₹1,168 Cr

Revenue YoY

PAT YoY

-1.3%

Operating margin

Revenue, last 8 quarters

P/E (TTM)

P/B

4.5

P/S (TTM)

8.4

Sector P/E

28.6

Dividend yield

+0.4%

CompanyP/EP/BNet marginROED/EDiv. yield
AIAENG (this stock)37.54.5+27.8%+15.8%0+0.4%
Bharat Heavy Electricals92.45.6+6.8%Not available from data source0.64+0.3%
Suzlon Energy25.96.9+18.0%+33.2%0.060.0%
Thermax97.98+5.5%+10.7%0.42+0.4%

Promoter

stable

FII

rising 2q

MF

20.31% (+0.17pp)

rising 1q

Insider trades

DateInsiderTypeQtyValue
30 Jun 2026Balkrishna Fatehlal ShahSELL1,500₹76.5 lakh
30 Jun 2026S. N. JetheliyaSELL100₹5 lakh
29 Jun 2026Balkrishna Fatehlal ShahSELL200₹10.01 lakh
24 Jun 2026Kunal ShahSELL1,000₹48.6 lakh
23 Jun 2026Balkrishna Fatehlal ShahSELL1,900₹94.42 lakh
23 Jun 2026S. N. JetheliyaSELL50₹2.45 lakh
22 Jun 2026Balkrishna Fatehlal ShahSELL1,100₹52.91 lakh
22 Jun 2026S. N. JetheliyaSELL100₹4.77 lakh
19 Jun 2026S. N. JetheliyaSELL50₹2.33 lakh
19 Jun 2026Balkrishna Fatehlal ShahSELL900₹42.62 lakh
05 Jun 2026S. N. JetheliyaSELL100₹4.72 lakh
05 Jun 2026Balkrishna Fatehlal ShahSELL900₹42.57 lakh
04 Jun 2026S. N. JetheliyaSELL100₹4.64 lakh
04 Jun 2026Balkrishna Fatehlal ShahSELL500₹23.21 lakh
01 Jun 2026S. N. JetheliyaSELL150₹6.85 lakh
01 Jun 2026Balkrishna Fatehlal ShahSELL600₹27.51 lakh
29 May 2026Balkrishna Fatehlal ShahSELL700₹31.37 lakh
29 May 2026S. N. JetheliyaSELL50₹2.26 lakh
17 Mar 2026Balkrishna ShahSELL1,000₹38.57 lakh
04 Feb 2026Balkrishna Shah HUFSELL910₹37.67 lakh

Bulk/block deals

No bulk/block deals in the last 12 months.

News timeline

Concalls & investor presentations

AI-generated
Concall transcriptMixed06 Nov 2026
View source filing →

Key takeaway: In the Q2 and H1 FY27 earnings call, AIA Engineering Limited reported sales of 61,500 metric tons in Q2 and 126,000 metric tons in H1, slightly above the prior year's H1. The top line for Q2 was INR1,093 crores, with INR34 crores of other operating income, primarily export benefits. EBITDA for Q2 was INR361 crores and INR786 crores for H1, resulting in a PAT of INR249 crores and INR550 crores, respectively. Management noted a 5% decline in reported EBITDA and 2.5-3% on operating EBITDA, mainly due to a 3.5% increase in freight costs. The net working capital cycle remained at 129 days. Mining sales were 39,700 tons in Q2, with 79,000 tons in H1, showing slight Y-o-Y growth. Non-mining volumes fell 12% YoY and 14% QoQ, attributed to timing factors. Management discussed plans to return to growth of 25,000-30,000 tons annually from FY28, though no formal guidance was provided. Trials for NGDS and liners are ongoing, with potential volume increases expected in H2. Freight costs remain a concern, but management expressed confidence in normalization. The order backlog increased to INR10.7 billion, driven by recent large orders. Management emphasized a focus on value-added solutions and geographical expansion, with plans to reconsider Ghana and China projects soon. The company highlighted geopolitical uncertainties affecting shipping and logistics as ongoing challenges.

The document presents both challenges like freight cost increases and geopolitical uncertainties, alongside cautious optimism about future growth and operational strategies.

Sourced from an exchange-filed transcript, dated 06 Nov 2026. Summary is RedixFi-generated and distinct from investment advice.

Concall transcriptNeutral14 Aug 2026
View source filing →

Key takeaway: During the earnings conference call held on August 12, 2026, management reported that AIA Engineering Limited achieved sales of INR 1,153 crores and a profit after tax of INR 301 crores for the first quarter of fiscal year 2027, reflecting an increase in tonnage from 60,000 tons in the previous year to 64,644 tons. Management noted a decline in EBITDA percentages due to factors such as foreign exchange gains dropping from INR 65 crores in Q4 to INR 25 crores in Q1, an unfavorable product mix, and increased other expenses. The company is focused on trials for a new generation discharge system, which management believes could significantly improve operational efficiency at mining sites. Management emphasized that the ongoing trials and product development may lead to updates in future quarters, but current performance remains stable with no major macroeconomic impacts reported.

Management provided a balanced overview of the company's performance and ongoing initiatives without highlighting significant growth or challenges.

Sourced from an exchange-filed transcript, dated 14 Aug 2026. Summary is RedixFi-generated and distinct from investment advice.

Investor presentationNeutral12 Aug 2026
View source filing →

Key takeaway: AIA Engineering Limited submitted a presentation on its unaudited financial results for the quarter ended June 30, 2026. The document reported a total income of Rs. 127,854 lacs, compared to Rs. 114,726 lacs in the same quarter of the previous year. The company's EBITDA was Rs. 42,456 lacs, with an EBITDA margin of 36.35%. The presentation highlighted a production of 61,338 MT and sales of 64,644 MT for the quarter. Key developments included an order book of Rs. 977 Crores as of July 1, 2026, and a capital expenditure of Rs. 50 Crores during the quarter. The document also noted outstanding foreign currency forward contracts totaling approximately US$ 21 million, AUD 5.20 million, and EURO 3.10 million.

The presentation provided a factual overview of financial results and operational metrics.

Sourced from an exchange-filed presentation, dated 12 Aug 2026. Summary is RedixFi-generated and distinct from investment advice.

Concall transcriptPositive29 May 2026
View source filing →

Key takeaway: AIA Engineering Limited held an investors' conference call on May 26, 2026, to discuss its audited financial results for the year ended March 31, 2026. Management reported sales of 70,000 tons for the quarter and 258,000 tons for the full year, with a top line of INR 1,251 crores for the quarter and INR 4,355 crores for the year. EBITDA was INR 502 crores for the quarter and INR 1,744 crores for the year, marking the highest profit after tax for the company. Management highlighted a successful trial of a new discharge system at a South American mine, which improved throughput and reduced power consumption. They noted macroeconomic challenges, including global shipping uncertainties, but expressed confidence in their strategic direction and product offerings. Management also discussed ongoing capital expenditures and the potential for future growth linked to their new solutions.

Management highlighted strong financial performance and successful product trials, indicating confidence in future growth.

Sourced from an exchange-filed transcript, dated 29 May 2026. Summary is RedixFi-generated and distinct from investment advice.

Investor presentationPositive26 May 2026
View source filing →

Key takeaway: AIA Engineering Limited submitted an investor presentation detailing its audited financial results for the quarter and year ended March 31, 2026. The presentation included a financial snapshot showing total income from operations of Rs. 441.986 crores for FY 2025-26, an increase from Rs. 428.744 crores in FY 2024-25. The company reported a profit after tax of Rs. 127.016 crores for FY 2025-26, compared to Rs. 106.074 crores in the previous year. The presentation also highlighted a capex of Rs. 104 crores during FY 2026 and an order book of Rs. 868 crores as of April 1, 2026. Additionally, the company noted outstanding foreign currency forward contracts totaling approximately US$ 16.50 million, AUD 7.55 million, and EURO 3.00 million.

Management reported growth in income and profit, along with a strong order book.

Sourced from an exchange-filed presentation, dated 26 May 2026. Summary is RedixFi-generated and distinct from investment advice.

Concall transcriptNeutral02 Feb 2026
View source filing →

Key takeaway: AIA Engineering Limited held a conference call on January 30, 2026, to discuss its unaudited financial results for the quarter and nine months ended December 31, 2025. Management reported production of approximately 67,896 tons and sales of 64,500 tons for the quarter, with total operating revenue of INR 1,066 crores. The EBITDA was reported at INR 425 crores, reflecting a margin of around 40%. Management noted a challenging market environment characterized by geopolitical uncertainties and shipping issues. They highlighted ongoing trials for new solutions and emphasized the importance of their unique offerings in the mining sector. The company also discussed its focus on international markets, particularly in Latin America, and mentioned the closure of a subsidiary plant in Bangalore. Overall, management expressed cautious optimism about future growth despite current market challenges.

Management presented steady financial results while acknowledging market uncertainties.

Sourced from an exchange-filed transcript, dated 02 Feb 2026. Summary is RedixFi-generated and distinct from investment advice.

AI Summary of Annual Report

AI-generated
FY2024-25321 pages

AIA Engineering Limited (AIAENG) reported a market capitalization of ₹31,237.59 crores as of 31 March 2025. The company expanded its global footprint with new plants in China and Ghana, enhancing its ability to respond to market demands. The company has ongoing disputes with income tax authorities, which are disclosed as contingent liabilities. The auditor highlighted revenue recognition from related parties as a key audit matter, emphasizing the timing of revenue recognition. The company has not defaulted on loans or statutory dues, and its internal controls are deemed effective by auditors. The company's financial statements are presented as fairly stated, with no material misstatements identified.

  • Market capitalization of ₹31,237.59 crores as of 31 March 2025.
  • New plants in China and Ghana to improve delivery times and reduce costs.
  • Ongoing disputes with income tax authorities, disclosed as contingent liabilities.
  • Key audit matter: Revenue recognition from related parties.
  • No defaults on loans or statutory dues, and effective internal controls as per auditors.

Key takeaway: AIA Engineering Limited has expanded its global operations and maintains effective internal controls, but faces contingent liabilities from ongoing tax disputes.

The following annual report excerpts provide qualitative strategic context. Do not treat any specific financial figures in these excerpts as authoritative — they may be incorrectly labeled due to PDF table extraction limitations. For precise financial data, refer to the structured fundamentals data above.

Filed with NSE · 21 Aug 2025View source filing →

Governance disclosures

AI-generated

Needs attention

Regulatory Action (1 item)

Items of these kinds are disclosed in the filings. This is a count of disclosed items. It is not a finding about the company and its cause has not been independently established.

Regulatory Action

1 occurrence

Earlier (1-3 years ago)

Annual Report21 Aug 2025 (FY2024-25)· 3 passages
View source filing →

The company was fined by BSE Limited and National Stock Exchange of India Limited for non-compliance with SEBI LODR 2015 regulations on board composition.

Routine disclosures

Contingent Liability

5 occurrences

Recent (last 12 months)

Annual Report21 Aug 2026 (FY2025-26)· 4 passages
View source filing →

The company has ongoing disputes with Income tax authorities relating to tax treatment of certain items, which have been disclosed as contingent liabilities (refer Note 44).

Earlier (1-3 years ago)

Annual Report21 Aug 2025 (FY2024-25)· 5 passages
View source filing →

The company has ongoing disputes with Income tax authorities relating to tax treatment of certain items, disclosed as contingent liabilities (refer Note 43).

Annual Report14 Aug 2024 (FY2023-24)· 7 passages
View source filing →

The Company has ongoing disputes with Income tax authorities relating to tax treatment of certain items. These amounts have been disclosed as contingent liabilities (refer Note 43).

Older (3+ years ago)

Annual Report24 Aug 2023 (FY2022-23)· 5 passages
View source filing →

The Company has an ongoing dispute with Income tax authorities relating to tax treatment of certain items, which have been disclosed as contingent liabilities (refer Note 43).

Annual Report17 Aug 2022 (FY2021-22)· 5 passages
View source filing →

The company has an ongoing dispute with income tax authorities regarding the tax treatment of certain items, which have been disclosed as contingent liabilities (refer Note 43).

Related-Party Transaction

5 occurrences

Recent (last 12 months)

Annual Report21 Aug 2026 (FY2025-26)· 4 passages
View source filing →

The company has disclosed related party transactions, including sales of products to subsidiaries, key managerial personnel, and enterprises controlled by key managerial personnel or their close family members, with amounts reported in lakhs.

Earlier (1-3 years ago)

Annual Report21 Aug 2025 (FY2024-25)· 3 passages
View source filing →

The company had related party transactions during the Financial Year 2024-25 that were entered into in the ordinary course of business.

Annual Report14 Aug 2024 (FY2023-24)· 6 passages
View source filing →

The company is involved in a dispute with Magotteux Inc. regarding the import of grinding media from India, and is taking steps to defend the matter.

Older (3+ years ago)

Annual Report24 Aug 2023 (FY2022-23)· 3 passages
View source filing →

Shareholders approved material related party transactions with Welcast Steels Limited, a subsidiary of the company, for the financial year 2022-23.

Annual Report17 Aug 2022 (FY2021-22)· 5 passages
View source filing →

The company obtained shareholders' approval for related party transactions with a subsidiary company under Section 188 of the Companies Act, 2013 and Regulation 23 of SEBI Listing Regulations.

Statutory dues in dispute

3 occurrences

Earlier (1-3 years ago)

Annual Report21 Aug 2025 (FY2024-25)Disputed tax/statutory dues under appeal, not a loan default
View source filing →

The company has statutory dues pending in various disputes with amounts involved and unpaid amounts listed for different periods and authorities.

Annual Report14 Aug 2024 (FY2023-24)Disputed tax/statutory dues under appeal, not a loan default
View source filing →

As of 31 March 2024, the company has unpaid statutory dues related to Income Tax, Goods and Services Tax, and Employees' State Insurance, with disputes pending in various forums, involving amounts in lakhs as detailed in the annexure.

Older (3+ years ago)

Annual Report24 Aug 2023 (FY2022-23)Disputed tax/statutory dues under appeal, not a loan default
View source filing →

The company has statutory dues relating to Goods and Service Tax, Provident Fund, Employees State Insurance, Income-Tax, Duty of Customs or Cess or other statutory dues as at 31 March 2023 which have not been deposited on account of any dispute.

Management & Board Governance

1 occurrence

Recent (last 12 months)

Annual Report21 Aug 2026 (FY2025-26)· 2 passages
View source filing →

Mr. Rajendra S. Shah resigned as Chairman and Non-Executive Director on 20th April 2026, and Mr. Bhadresh K. Shah became Chairman on 21 April 2026.

Promoter Share Pledge

1 occurrence

Recent (last 12 months)

Structured Filing Data (NSE Pledge Disclosure)18 Jul 2026

0.34% of promoter holding pledged (quarter 2026-Q3 as of 2026-07-18).

Open full Signal Dashboard →