AIA Engineering share price
NSE: AIAENGBSE: 532683Industrial ProductsMid Cap
Share price at the NSE close on 27 Oct 2026. Previous close ₹3,578.40.
27 Oct: open ₹3,585.00, high ₹3,629.40, low ₹3,557.10
- Next results date: the board meets on 3 Nov 2026 to consider: financial results. The notice · Results calendar
- Market capMarket capitalisation. Share price times the number of shares: what the whole company is worth at the day's price. The rank is by average market value over the six months to Jun 2026, among listed companies. Market capitalisation: how it is worked out
- ₹33,536 Cr233rd largest listed
- P/EPrice to earnings, trailing. Market cap divided by the profit of the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, after the share of the other owners of its subsidiaries: what investors pay for each rupee of a year's profit. Price to earnings, trailing: how it is worked out
- 26.48
- P/BPrice to book. Market cap divided by the net worth that belongs to the company's own shareholders, its assets less everything it owes and less the other owners' share of its subsidiaries, on its latest balance sheet. Price to book: how it is worked out
- 4.18
- Dividend yieldDividend yield. Dividends paid per share in the twelve months to the day, as a percentage of the day's share price.
- 0.45%
- ROEReturn on equity. Profit over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, as a percentage of their net worth, the money they have in the business. Net worth is the average of the latest balance sheet and the one a year before it.
- 16.9%
- ROCEReturn on capital employed. Operating profit after depreciation (revenue less operating expenses and depreciation, without other income and one-off items) as a percentage of all the money the business runs on: the whole group's net worth, the other owners of its subsidiaries included, plus borrowings. Lease liabilities are not counted: the results filings do not state them. The profit is over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly); net worth and borrowings are on the latest balance sheet.
- 14.2%
- Debt to equityDebt to equity. Borrowings divided by the whole group's net worth, the other owners of its subsidiaries included: rupees borrowed for each rupee of equity in the business. Lease liabilities are not counted: the results filings do not state them. From the balance sheet at the end of Mar 2026.
- 0.00
- Volume, NSEVolume. Shares traded on the last trading day; delivery is the part buyers kept rather than sold again the same day. Volume in the glossary
- 63,55766.8% delivered
About AIA Engineering
AIA Engineering Limited makes high-chrome wear parts (iron alloyed with chromium to resist wear), such as grinding media, mill liners and castings, that the mining, cement and thermal power industries use to crush and grind.1 Based in Ahmedabad, it sells abroad through Vega Industries, its global marketing arm.23 In mining it focuses on copper, gold and iron ore, with an emphasis on expanding in South America, including Chile and Peru.4
The company reports a single business segment, the manufacture of high-chrome mill internals, its collective name for these parts.51 It now offers mines a package for SAG and ball mills (large rotating drums that grind ore) that combines metal, rubber and composite mill liners with its New Generation Discharge System.6
Bhadresh K. Shah incorporated the business in 1978; the present company was incorporated in 1991 and listed on Indian stock exchanges in 2005.78 It set up a rubber and composite liners plant at Kerala GIDC, near Ahmedabad, in 2025.9
Bhadresh K. Shah, the promoter and managing director, is the company's controlling party.1011 Its subsidiaries include Vega Industries (Middle East) in the UAE, 100% owned, and Welcast Steels, 74.85% owned.12
AIA Engineering key points
Results
- In the year to Mar 2026, consolidated revenue from operations was ₹4,41,986 lakh, EBITDA (earnings before interest, tax, depreciation and amortisation) ₹1,74,426 lakh and profit after tax attributable to shareholders ₹1,27,016 lakh, up from ₹1,06,074 lakh a year earlier.1314
- On its earnings call of 12 Aug 2026, management put sales for the quarter to Jun 2026 at ₹1,153 crore and profit after tax at ₹301 crore, on 64,644 tonnes sold against about 60,000 a year earlier.15
- On its earnings call of 12 Aug 2026, the company put the EBITDA margin for the quarter to Jun 2026 at 36% reported and about 27.8% operating, which excludes non-operating income such as foreign exchange gains, and kept operating margin guidance at 20% to 22%.1617
- The order book (orders received but not yet delivered) was ₹977 crore on 1 Jul 2026.18
Sales volume mix
- Consolidated sales volume by segment, tonnes19Total sales volume in the year was 258,002 tonnes.
Item year to Mar 2026 Mining 159,813 Others 98,189
Where revenue comes from
Mining strategy
- The company puts its serviceable addressable market (the demand it can realistically sell into) in gold, copper and iron ore mining at more than 2 million tonnes a year, with high-chrome mill internals at no more than 25 to 30% of it.22
- Over 3 years the company modified more than 12 small and medium grinding mills; it is running trials at large copper and gold mines in Chile, Peru and Ghana, which management said on 12 Aug 2026 might take longer than anticipated.2223
- The company won a grinding media order in Chile in the year to Mar 2026; on its earnings call of 12 Aug 2026, management said supplies under it add about 3,000 to 3,500 tonnes a quarter.2425
- On its earnings call of 12 Aug 2026, the company said South America could become a 300,000 to 400,000-tonne market for it.26
Plants and capacity
- Installed capacity is 4,36,000 tonnes a year, and the company produced 2,55,820 tonnes in the year to Mar 2026.2714
- The company has 3 manufacturing clusters; its plants are at Odhav, Kunjad, Moraiya and Changodar in Ahmedabad.2829
- Its 11 wind turbines at Kutch and Jamjodhpur and 3 hybrid wind and solar sets at Amreli, all in Gujarat, have 37.38 MW of renewable power capacity.30
Expansion and capital spending
- Capital spending (capex) was ₹104 crore in the year to Mar 2026 and ₹50 crore in the quarter to Jun 2026.2827
- In the quarter to Jun 2026, about ₹30 crore of capex went to a hybrid wind and solar power project, which management said on 12 Aug 2026 had just become operational.3132
- On its earnings call of 12 Aug 2026, the company said it had raised its capex plan for the year to Mar 2027 to at least about ₹350 crore to ₹400 crore, including more than ₹170 crore for land and a new corporate head office.33
- On its earnings call of 12 Aug 2026, the company said plans for plants in Ghana and China were moving slowly but not shelved: it has identified a site in Ghana and set up a small lab in China.34
Recent events
- Rajendra Shantilal Shah resigned as chairman and director from the close of 20 Apr 2026, and managing director Bhadresh Kantilal Shah became chairman from 21 Apr 2026.3536
- On 10 Dec 2025, Vega Industries (Middle East) bought a further 14% of Vega MPS, an Australian designer and supplier of mining liners, for AUD 5,639,184, taking its holding to 70%.3738
- Subsidiary Welcast Steels closed its only factory, at Bangalore, from 15 Dec 2025. As of the company's annual report of 21 Aug 2026, labour disputes were pending before courts.39
Litigation and regulatory matters
- As of its annual report of 21 Aug 2026, US cash deposits on high-chrome grinding media from India, effective 12 Jun 2025 after a complaint by Magotteux Inc, were 3.16% countervailing duty (offsetting subsidies) and 6.91% anti-dumping duty (on goods sold below fair value).40
- Brazil ended its anti-dumping duty on the company's products from 13 Jun 2024, and a review completed on 2 Dec 2025 cut its countervailing duty to 4.69% from 6.40%.41
Last updated
All 41 sources, each with its page
- 1. Annual report, 21 Aug 2026, page 101
- 2. Annual report, 21 Aug 2026, page 1
- 3. Annual report, 21 Aug 2026, page 10
- 4. Annual report, 21 Aug 2026, page 21
- 5. Annual report, 21 Aug 2026, page 148
- 6. Annual report, 21 Aug 2026, page 102
- 7. Annual report, 21 Aug 2026, page 8
- 8. Annual report, 21 Aug 2026, page 5
- 9. Annual report, 21 Aug 2026, page 9
- 10. Annual report, 21 Aug 2026, page 31
- 11. Annual report, 21 Aug 2026, page 285
- 12. Annual report, 21 Aug 2026, page 37
- 13. Annual report, 21 Aug 2026, page 6
- 14. Annual report, 21 Aug 2026, page 23
- 15. Earnings call, 12 Aug 2026, page 2
- 16. Earnings call, 12 Aug 2026, page 4
- 17. Earnings call, 12 Aug 2026, page 16
- 18. Investor presentation, 12 Aug 2026, page 9
- 19. Investor presentation, 12 Aug 2026, page 7
- 20. Annual report, 21 Aug 2026, page 148
- 21. Annual report, 21 Aug 2026, page 10
- 22. Annual report, 21 Aug 2026, page 147
- 23. Earnings call, 12 Aug 2026, page 5
- 24. Annual report, 21 Aug 2026, page 19
- 25. Earnings call, 12 Aug 2026, page 15
- 26. Earnings call, 12 Aug 2026, page 10
- 27. Investor presentation, 12 Aug 2026, page 8
- 28. Annual report, 21 Aug 2026, page 6
- 29. Annual report, 21 Aug 2026, page 141
- 30. Annual report, 21 Aug 2026, page 111
- 31. Earnings call, 12 Aug 2026, page 19
- 32. Earnings call, 12 Aug 2026, page 14
- 33. Earnings call, 12 Aug 2026, page 19
- 34. Earnings call, 12 Aug 2026, page 15
- 35. Exchange filing, 20 Apr 2026, page 1
- 36. Exchange filing, 20 Apr 2026, page 2
- 37. Exchange filing, 10 Dec 2025, page 1
- 38. Exchange filing, 10 Dec 2025, page 2
- 39. Annual report, 21 Aug 2026, page 103
- 40. Annual report, 21 Aug 2026, page 285
- 41. Annual report, 21 Aug 2026, page 285
Results
Consolidated; ₹ crore.AIA Engineering quarterly results
- Revenue growth, 12 monthsRevenue growth, 12 months. The last twelve months against the twelve before them. Left empty where the earlier figure was nought or a loss: growth out of a loss has no percentage.
- +5.6%
- Net profit growth, 12 monthsNet profit growth, 12 months. The last twelve months against the twelve before them. Left empty where the earlier figure was nought or a loss: growth out of a loss has no percentage.
- +14.5%
Quarter to Jun 2026, against the quarter before
- RevenueRevenue. The pill is the change in revenue against the quarter before: this period's figure divided by that one's, less one, in per cent.
- ₹1,168 Crdown 7.76%
- Net profitNet profit. The pill is the change in net profit against the quarter before: this period's figure divided by that one's, less one, in per cent. Net profit in the glossary
- ₹301 Crdown 23.48%
- Net marginNet margin. Net profit as a percentage of revenue: how much of each rupee of sales is left after every cost, interest and tax. Net margin in the glossary
- 25.8%
Revenue by quarter
Net profit by quarter, a loss in red
| ₹ crore | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1,044 | 1,066 | 1,157 | 1,039 | 1,048 | 1,067 | 1,266 | 1,168 |
| Net profit | 256 | 259 | 285 | 305 | 277 | 293 | 393 | 301 |
| Net margin | 24.6% | 24.3% | 24.7% | 29.4% | 26.5% | 27.5% | 31.1% | 25.8% |
Year to Mar 2026, against the year before
- RevenueRevenue. The pill is the change in revenue against the year before: this period's figure divided by that one's, less one, in per cent.
- ₹4,420 Crup 3.09%
- Net profitNet profit. The pill is the change in net profit against the year before: this period's figure divided by that one's, less one, in per cent.
- ₹1,269 Crup 19.70%
- Net margin
- 28.7%
Revenue by year
Net profit by year, a loss in red
The years either side of a change of basis do not compare. From the year to Mar 2018, GST replaced excise duty on 1 Jul 2017, and revenue before that day includes the duty.
| ₹ crore | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 2,320what Revenue, Mar 2017, includes. This period's revenue includes excise duty of ₹74 crore, a tax on the goods the company makes that it collects and pays to the government. | 2,467what Revenue, Mar 2018, includes. This period's revenue includes excise duty of ₹22 crore, a tax on the goods the company makes that it collects and pays to the government. | 3,069 | 2,981 | 2,881 | 3,567 | 4,909 | 4,854 | 4,287 | 4,420 |
| Net profit | 457 | 444 | 511 | 590 | 566 | 620 | 1,057 | 1,137 | 1,060 | 1,269 |
| Net margin | 19.7% | 18.0% | 16.7% | 19.8% | 19.6% | 17.4% | 21.5% | 23.4% | 24.7% | 28.7% |
Business segments
In the year to Mar 2026 the company reports one business segment, Manufacturing of High Chrome Mill Internals, which carries all its revenue.
Valuation
Today, against the company's own history. Its history crosses a change of basis in the accounts in the year to Mar 2018: days before it are of the company before the change.AIA Engineering PE ratio and valuation
At or below today's level on 8% of 2,478 trading days over the last 10 years.
At or below today's level on 14% of 1,979 trading days since Nov 2018.
At or below today's level on 46% of 2,458 trading days over the last 10 years.
Where the return came from
Yearly rates to Mar 2026, per-share figures restated for splits and bonuses.
| Over | Return a year | Earnings growth | Change in P/E | Dividend yield |
|---|---|---|---|---|
| 1 year | +8.9% | +20.3% | −9.8% | 0.4% |
| 3 years | +8.2% | +6.7% | +1.0% | 0.4% |
| 5 years | +12.6% | +17.8% | −4.8% | 0.5% |
Mutual fund holdings
137 funds disclosed a holding for Sep 2026. What they did in Sep 2026, against each fund's month before. 67 of the 87 funds that added or cut are index funds, ETFs or arbitrage funds: an index fund or ETF holds what its index holds, and an arbitrage fund holds the share against a sale of its future. 2 more funds filed their first portfolio on record, holding it.All 137 funds holding AIA Engineering
- Bought for the first timeBought for the first time. Funds that held it at the month's end and had not held it in any month on record before.
- 2
- AddedAdded. Funds that held more shares than at the end of the month before.
- 48
- CutCut. Funds that held fewer shares than at the end of the month before.
- 39
- Held unchangedHeld unchanged. Funds that held the same number of shares as at the end of the month before.
- 46
- Sold outSold out. Funds that held it at the end of the month before and hold none at this month's end. Sold out in the glossary
- 8
| Fund | |||
|---|---|---|---|
| 33,93,239 | 1.29% | ₹1,312.8 Cr | |
| 29,00,000 | 1.30% | ₹1,122.0 Cr | |
| 11,19,567 | 1.37% | ₹433.2 Cr | |
| 10,77,977 | 1.39% | ₹417.1 Cr | |
| 10,72,487 | 0.78% | ₹414.9 Cr | |
| 10,54,511 | 1.01% | ₹408.0 Cr | |
| 8,05,150 | 0.37% | ₹311.5 Cr | |
| 7,01,583 | 2.83% | ₹271.4 Cr | |
| 7,00,000 | 1.16% | ₹270.8 Cr | |
| 5,44,951 | 0.95% | ₹210.8 Cr |
Promoter and insider buying and selling
Trades made since 28 Oct 2025.AIA Engineering insider trading
- Directors and key managers0 purchases, 6 salesNo purchase₹0.10 CrNetNet. The value bought on the market less the value sold, over the trades whose filers stated a value.−₹0.10 Cr
- Employees0 purchases, 10 salesNo purchase₹1.21 CrNet−₹1.21 Cr
- Others0 purchases, 21 salesNo purchase₹5.53 CrNet−₹5.53 Cr
AIA Engineering competitors and peers
Castings & Forgings, 30 listed companies, priced on 27 Oct 2026. The table lists the 8 companies closest to AIA Engineering in market cap.Capital goods stocks
Where the company sits among the companies nearest its size
| Company | ||||||||
|---|---|---|---|---|---|---|---|---|
| 38,121 | 303.52 | – | +94.6% | +105.0% | 8.7% | 7.3% | 0.00% | |
| 16,981 | 51.87 | 7.98 | +15.5% | +21.6% | 16.5% | 16.9% | 0.22% | |
| 5,348 | 19.96 | – | +19.7% | +18.1% | 20.2% | 17.5% | 0.03% | |
| 3,541 | 39.05 | 8.97 | +8.9% | +14.6% | 25.2% | 26.8% | 0.51% | |
| 2,459 | 87.08 | – | +16.9% | −20.6% | 16.8% | – | 0.00% | |
| 1,314 | 90.15 | 12.81 | +16.6% | +144.0% | 15.0% | 15.4% | 0.08% | |
| 1,095 | 26.67 | 1.84 | +4.2% | −1.9% | 7.1% | 8.2% | 0.56% | |
| 858 | – | 7.73 | −2.5% | −151.0% | −8.1% | 1.9% | 0.00% |
Dividends
Per share, by the year it was paid for, and the latest payments.AIA Engineering dividend history
Dividend per share, ₹, restated for later splits and bonuses
Dividend per share. The dividends declared for the year, each restated to today's share count by the splits and bonuses after its own ex-date, added up. Dividend per share in the glossary| Ex-date | Type | Per share |
|---|---|---|
| 4 Sep 2026 | FinalFinal dividend. Called final by its date: the company did not say which kind it was, and it went ex within six months after the company's year end, the time in which the annual general meeting that declares the final dividend must be held. Final dividend in the glossary | ₹16.00 |
| 4 Sep 2025 | Final | ₹16.00 |
| 20 Aug 2024 | Final | ₹16.00 |
| 12 Sep 2023 | Final | ₹16.00 |
| 2 Sep 2022 | Final | ₹9.00 |
| 26 Aug 2021 | Final | ₹9.00 |
Latest announcements
Routine notices left out.AIA Engineering announcements
Oct 2026
28 Oct · Rating
26 Oct · Board meeting
Sep 2026
30 Sep · General Updates
19 Sep · Analysts
AIA Engineering share price by year
Each calendar year to 2025.AIA Engineering share price history
| Year | Close at year end | Change | Highest close | Lowest close |
|---|---|---|---|---|
| 2025 | 4,017.50 | +18.1% | 4,017.50 | 3,017.40 |
| 2024 | 3,402.65 | −7.8% | 4,813.35 | 3,315.25 |
| 2023 | 3,689.50 | +43.8% | 3,801.60 | 2,414.35 |
| 2022 | 2,564.95 | +37.0% | 2,832.40 | 1,548.70 |
| 2021 | 1,872.45 | −5.2% | 2,193.50 | 1,784.30 |
| 2020 | 1,974.35 | +19.7% | 2,113.00 | 1,238.80 |
| 2019 | 1,649.50 | −1.6% | 1,842.10 | 1,507.20 |
| 2018 | 1,677.15 | +8.2% | 1,824.85 | 1,347.05 |
| 2017 | 1,550.35 | +19.6% | 1,670.45 | 1,271.65 |
| 2016 | 1,296.10 | +45.2% | 1,334.75 | 733.75 |
Recent sessions
The 9 trading days to 26 Oct 2026, as traded on NSE; the latest is at the top of the page.
| Date | Open | High | Low | Close | Average price | Volume | Delivery |
|---|---|---|---|---|---|---|---|
| 26 Oct 2026 | 3,557.80 | 3,587.10 | 3,521.40 | 3,578.40 | 3,563.98 | 31,802 | 62.5% |
| 23 Oct 2026 | 3,633.90 | 3,647.10 | 3,551.20 | 3,579.20 | 3,576.82 | 48,026 | 51.6% |
| 22 Oct 2026 | 3,600.00 | 3,650.00 | 3,516.50 | 3,633.90 | 3,597.61 | 39,643 | 51.7% |
| 21 Oct 2026 | 3,673.50 | 3,698.70 | 3,552.00 | 3,586.80 | 3,585.52 | 50,142 | 57.2% |
| 19 Oct 2026 | 3,690.10 | 3,704.80 | 3,640.10 | 3,665.20 | 3,678.68 | 33,135 | 57.4% |
| 16 Oct 2026 | 3,699.00 | 3,731.80 | 3,603.10 | 3,719.70 | 3,675.07 | 63,462 | 69.2% |
| 15 Oct 2026 | 3,745.40 | 3,756.90 | 3,659.50 | 3,679.30 | 3,695.36 | 34,722 | 51.4% |
| 14 Oct 2026 | 3,730.00 | 3,766.40 | 3,697.00 | 3,731.60 | 3,732.34 | 47,958 | 57.8% |
| 13 Oct 2026 | 3,760.00 | 3,763.50 | 3,688.90 | 3,744.50 | 3,731.47 | 41,460 | 54.4% |
Price adjustments
What the price chart is corrected for, so it reads as one share held throughout.Stock split history
| Ex-date | Event | Price factor | What happened |
|---|---|---|---|
| 13 Oct 2008 | Split | 0.2000 | Each share became 5. |
Company details
- NSE symbol
- AIAENG
- BSE code
- 532683
- ISIN
- INE212H01026
- Industry
- Industrial Products
- Website
- www.aiaengineering.com
- CIN
- L29259GJ1991PLC015182
- Corporate identity number, the registrar of companies' code for it
- Incorporated
- 1991
- Registered office
- 115, GVMM Estate, Odhav Road, Odhav, Ahmedabad 382410, Gujarat
- Share registrar
- MUFG Intime India Pvt. Ltd
- Keeps the register of shareholders and handles transfers and dividend payments