Financials AIA Engineering Limited

Equities

AIAENG

INE212H01026

Industrial Machinery & Equipment

Delayed NSE India S.E. 03:44:30 2024-05-02 am EDT 5-day change 1st Jan Change
3,801 INR +0.10% Intraday chart for AIA Engineering Limited -1.02% +3.10%

Valuation

Fiscal Period: March 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 169,409 131,412 193,611 153,054 273,821 358,153 - -
Enterprise Value (EV) 1 168,525 130,833 176,073 137,542 248,186 326,590 319,256 313,203
P/E ratio 33.2 x 22.3 x 34.2 x 24.7 x 25.9 x 31.3 x 30.4 x 27.7 x
Yield 0.5% 1.94% 0.44% 0.55% 0.55% 0.53% 0.57% 0.62%
Capitalization / Revenue 5.52 x 4.41 x 6.72 x 4.29 x 5.58 x 7.22 x 6.65 x 6.09 x
EV / Revenue 5.49 x 4.39 x 6.11 x 3.86 x 5.06 x 6.59 x 5.93 x 5.32 x
EV / EBITDA 25.5 x 19.2 x 29.7 x 20.6 x 20 x 24.2 x 23.5 x 21.3 x
EV / FCF -2,397 x 23.9 x 37.1 x -83.5 x 36.9 x 39.4 x 34.6 x 33.2 x
FCF Yield -0.04% 4.18% 2.69% -1.2% 2.71% 2.54% 2.89% 3.01%
Price to Book 4.82 x 3.55 x 4.56 x 3.22 x 4.81 x 5.39 x 4.71 x 4.18 x
Nbr of stocks (in thousands) 94,320 94,320 94,320 94,320 94,320 94,320 - -
Reference price 2 1,796 1,393 2,053 1,623 2,903 3,797 3,797 3,797
Announcement Date 5/27/19 6/22/20 5/25/21 5/25/22 5/25/23 - - -
1INR in Million2INR
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: March 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 30,695 29,809 28,815 35,665 49,088 49,589 53,843 58,855
EBITDA 1 6,599 6,803 5,925 6,689 12,406 13,484 13,607 14,728
EBIT 1 5,811 5,824 4,990 5,767 11,476 12,517 12,409 13,300
Operating Margin 18.93% 19.54% 17.32% 16.17% 23.38% 25.24% 23.05% 22.6%
Earnings before Tax (EBT) 1 6,944 7,187 7,296 7,813 13,620 14,961 15,212 16,618
Net income 1 5,108 5,904 5,661 6,197 10,559 11,428 11,772 12,881
Net margin 16.64% 19.8% 19.65% 17.37% 21.51% 23.05% 21.86% 21.89%
EPS 2 54.16 62.59 60.02 65.70 112.0 121.2 125.1 137.1
Free Cash Flow 1 -70.31 5,473 4,743 -1,647 6,729 8,284 9,240 9,426
FCF margin -0.23% 18.36% 16.46% -4.62% 13.71% 16.71% 17.16% 16.02%
FCF Conversion (EBITDA) - 80.46% 80.04% - 54.24% 61.43% 67.91% 64%
FCF Conversion (Net income) - 92.71% 83.78% - 63.73% 72.49% 78.49% 73.18%
Dividend per Share 2 9.000 27.00 9.000 9.000 16.00 20.19 21.59 23.55
Announcement Date 5/27/19 6/22/20 5/25/21 5/25/22 5/25/23 - - -
1INR in Million2INR
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: March 2021 Q3 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4
Net sales 1 6,987 8,602 7,399 8,852 8,481 10,933 10,797 13,287 12,269 12,736 12,396 13,988 12,641 12,334
EBITDA 1 1,723 1,594 1,623 1,619 1,612 2,126 2,322 3,120 3,657 3,157 3,430 3,450 3,287 3,076
EBIT - - - - - - 2,114 2,874 - - - - 2,916 2,749
Operating Margin - - - - - - 19.58% 21.63% - - - - 23.07% 22.29%
Earnings before Tax (EBT) 1 - - 1,865 1,751 1,761 2,436 2,459 3,157 4,540 - 3,708 3,859 3,896 3,752
Net income 1 1,591 1,338 1,493 1,376 1,382 1,946 1,905 2,448 3,525 2,682 2,723 2,821 2,752 2,661
Net margin 22.78% 15.55% 20.18% 15.54% 16.29% 17.8% 17.64% 18.42% 28.73% 21.06% 21.97% 20.17% 21.77% 21.58%
EPS 2 - - 15.83 14.59 14.65 20.63 20.19 25.95 37.37 28.43 28.87 30.70 29.95 27.90
Dividend per Share - - - - - - - - - - - - - -
Announcement Date 2/9/21 5/25/21 8/13/21 10/30/21 1/27/22 5/25/22 8/9/22 11/14/22 1/27/23 5/25/23 8/2/23 - - -
1INR in Million2INR
Estimates

Balance Sheet Analysis

Fiscal Period: March 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 - - - - - - - -
Net Cash position 1 884 579 17,539 15,512 25,635 31,564 38,897 44,950
Leverage (Debt/EBITDA) - - - - - - - -
Free Cash Flow 1 -70.3 5,473 4,743 -1,647 6,729 8,284 9,240 9,426
ROE (net income / shareholders' equity) 15.7% 16.4% 14.2% 13.8% 20.2% 18.6% 16.8% 15.9%
ROA (Net income/ Total Assets) - - - - - - - -
Assets 1 - - - - - - - -
Book Value Per Share 2 373.0 392.0 450.0 504.0 603.0 705.0 806.0 909.0
Cash Flow per Share - - - - - - - -
Capex 1 2,066 1,320 1,242 1,255 1,948 2,524 1,781 1,613
Capex / Sales 6.73% 4.43% 4.31% 3.52% 3.97% 5.09% 3.31% 2.74%
Announcement Date 5/27/19 6/22/20 5/25/21 5/25/22 5/25/23 - - -
1INR in Million2INR
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
B-
More Ratings
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
13
Last Close Price
3,797 INR
Average target price
4,185 INR
Spread / Average Target
+10.21%
Consensus
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  4. Financials AIA Engineering Limited