EN DE

AIA Engineering Limited (AIAENG) Fair Value & Analysis

Industrials · IN · Market cap ₹434B

AE AIA Engineering Limited AIAENG · NSE
Price₹4,776
Fair Value₹2,973
Upside-37.7%
Quality68/100
Watch AIA Engineering Limited for free, get notified when fair value or trend changes. Watch for free
Mixed Growth
Highly profitable · 28.7% net margin
Low debt · generates free cash flow
0.33% dividend yield
Ranks above peers (9/14)
Wide moat 76/100
Evidence: High Range ₹1,860 – ₹4,746 Share as image

Fair value as of: Jul 19, 2026

From 26 valuation models · updated 22 days ago

Fair value updated Jul 19, 2026, revised from ₹1,652 to ₹2,973 (+80.0%) since Jul 14, 2026. Share price +2.3% over the past month.

A solid business, but screening 38% overvalued on our models.

What matters now

  • Solid but not exceptional quality (68/100) and above fair value, neither a clear bargain nor a standout compounder.
  • A fairly wide model range (₹1,860 to ₹4,746) leaves room in how you read the outcome.
Share this valuation: 𝕏 WhatsApp

Price vs Fair Value (5 years)

₹5,081 ₹1,518 Fair Value ₹2,973 Apr 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 19, 2026.

How to read this chart

60‑month range ₹1,518 – ₹5,081 · fair‑value band ₹1,860 – ₹4,746 · the ₹4,776 price screens above the ₹2,973 fair value. Dashed = 300-day average. As of Jul 19, 2026.

Full chart & analysis →

Which stocks are undervalued right now? Check free Discover now →

Analysis

AIA Engineering Limited (AIAENG) currently trades at ₹4,776, while our model-based Fair Value estimate is ₹2,973, implying the stock looks roughly 37.7% overvalued today. The Quality Score stands at 68/100 (solid quality), in the Industrials sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: high).

Over the trailing twelve months, AIA Engineering Limited generated revenue of ₹44.2B at a net margin of 28.7%. Revenue grew 9.4% year over year. It earns a return on equity of 17.0%. The balance sheet holds a net cash position of ₹2.1B. Fundamentals as of Jul 19, 2026

Our scenario range runs from ₹1,860 (bear case) to ₹4,746 (bull case); at ₹4,776, the current price sits above that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades near its 52-week high and 60% above its 52-week low, currently above its 200-day average. For context, the median of 10 Industrials peers we cover trades at -48% fair-value upside, at -38%, AIAENG screens cheaper than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model BearBaseBull Evidence
Highest evidence
Growth DCF ₹671.95 ₹1,029 ₹1,575 80
Residual Income ₹941.27 ₹1,278 ₹4,639 76
Rev-Margin DCF ₹618.56 ₹991.87 ₹1,430 74
All 26 models by family
DCF Models
FCF DCF ₹661.23 ₹1,068 ₹1,733 38
Owner Earnings ₹1,702 ₹2,771 ₹4,523 31
5Y Revenue Exit ₹618.56 ₹993.46 ₹1,477 39
5Y EBITDA Exit ₹1,026 ₹1,769 ₹2,653 41
5Y P/E Exit ₹1,523 ₹2,715 ₹3,996 38
10Y Revenue Exit ₹608.37 ₹962.51 ₹1,449 36
10Y EBITDA Exit ₹895.32 ₹1,519 ₹2,382 37
10Y P/E Exit ₹1,222 ₹2,197 ₹3,449 35
Earnings-Based
Graham-Dodd ₹925.53 ₹3,122 ₹4,184 54
Lynch FV ₹712.66 ₹1,018 ₹1,324 50
PEG = 1.0 ₹712.66 ₹1,018 ₹1,324 46
EPV ₹908.14 ₹1,064 ₹1,203 59
Dividend Discount
Gordon GGM ₹140.23 ₹306.14 ₹515.09 70
DDM Multi-Stage ₹140.23 ₹245.47 ₹319.05 61
Multiples
P/E Multiple ₹2,144 ₹2,858 ₹3,573 63
P/S Multiple ₹710.43 ₹947.25 ₹1,184 58
P/B Multiple ₹1,735 ₹2,314 ₹2,892 55
EV/EBIT ₹1,592 ₹2,115 ₹2,638 53
EV/EBITDA ₹1,341 ₹1,780 ₹2,219 54
EV/Revenue ₹620.75 ₹876.51 ₹1,132 43
Asset-Based
NCAV (Graham) ₹429.99 ₹576.19 ₹859.98 50
Growth DCF
Growth DCF ₹671.95 ₹1,029 ₹1,575 80
Rev-Margin DCF ₹618.56 ₹991.87 ₹1,430 74
Economic Profit
Residual Income ₹941.27 ₹1,278 ₹4,639 76
ROIC Compounder ₹924.03 ₹1,197 ₹1,567 72
Growth Earnings
Growth-Adj P/E ₹1,824 ₹2,606 ₹3,387 68

Widest divergence: Growth Earnings (₹2,606) versus Dividend Discount (₹245.47). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) ₹44.2B
Revenue growth (YoY) +9.4%
Net margin 28.7%
Return on equity 17.0%
Free cash flow ₹4.9B FY2026
P/E ratio 34.0
More key figures
Operating margin 26.4%
EPS (TTM) ₹136.14
Dividend yield 0.4%
EPS growth (YoY) +38.0%
Net cash ₹2.1B FY2026

Figures from reported company fundamentals · as of Jul 19, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 68/100

Of which business quality 65 · Market factors (momentum, volatility) 81

Profitability 65
Margins and returns on capital today
Quality Growth 45
Are margins and returns improving?
Cashflow 46
Earnings quality: real cash, not paper profit
Fin. Strength 82
Balance sheet, leverage, solvency risk
Investment 65
Disciplined investing over empire-building
Low Volatility 84
Calm price path (market factor)
Momentum 76
Price trend over the last 3–12 months (market factor)
52W Momentum 87
Distance to the 52-week high (market factor)
Net Issuance 86
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

AIA Engineering Limited designs, develops, produces, installs, and services high chromium, wear-resistant parts for grinding equipment used in the cement, mining, and quarry industries in India, the United Arab Emirates, and internationally.

Full company description

AIA Engineering Limited designs, develops, produces, installs, and services high chromium, wear-resistant parts for grinding equipment used in the cement, mining, and quarry industries in India, the United Arab Emirates, and internationally. The company offers lining systems, DE assemblies, fasteners, and ceramic composite alloys; diaphragms, shell liners, grinding media, mill liners, FLS, pfeiffer, polysius, and loesche; blow bars, hammers, impellers, anvils, feed disks, and frame liners; and wear-resistant components, tube mill lining and air flow regulation systems, and mill parts. It also provides service, such as design and holistic process modelling; installation supervision; wear monitoring, including scanning; circuit diagnostics, air flow regulation system, and ball charge optimization; ball sorting; mill operation, audit, analysis, and tuning; and condition monitoring. It serves mining, cement, quarry, and thermal power generation industries. The company was founded in 1978 and is based in Ahmedabad, India.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

AIA Engineering Limited reported revenue of ₹44.2B in FY2026 versus ₹35.7B in FY2022, a compound +5.5%/yr. Reported net income was ₹12.7B in FY2026, compounding +19.7%/yr from FY2022.

Growth Quality 79/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2026)
₹44.2B
Latest YoY
+3.1%
Avg. growth/yr (3Y)
−3.4%
Avg. growth/yr (5Y)
+8.9%
Avg. growth/yr (21Y)
+13.8%
Revenue +5.5%/yr
FY22 ₹35.7B
FY23 ₹49.1B
FY24 ₹48.5B
FY25 ₹42.9B
FY26 ₹44.2B
Net income +19.7%/yr
FY22 ₹6.2B
FY23 ₹10.6B
FY24 ₹11.4B
FY25 ₹10.6B
FY26 ₹12.7B

AIAENG screens 38% overvalued. Compare with GE Vernova Inc →

Share or link this analysis
For bloggers & editors: embed code + live data

For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.

Cite: Fair Value Calculator (2026). "AIA Engineering Limited Fair Value". https://www.fairvalue-calculator.com/stock/AIAENG

Peer Group

Specialty Industrial Machinery · 809 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Quality Score 68 · Top 25%
Fair Value upside −38% · Above median
Return on equity (TTM) 17% · Top 25%
Return on assets 9% · Top 25%
Net margin (TTM) 29% · Top 25%
Operating margin (TTM) 26% · Top 25%
Revenue growth 9% · Above median
Dividend yield (TTM) 0.3% · Bottom 25%

Valuation Multiples vs Specialty Industrial Machinery median · lower = cheaper

P/E (TTM) 34.1× · Pricier than median
P/B 5.40× · Pricier than 75% of peers
P/S (TTM) 9.81× · Pricier than 75% of peers
P/FCF 0.9× · Cheaper than 75% of peers
EV/EBITDA 34.3× · Pricier than 75% of peers

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 0 · sector 0
FUTURE 47 · sector 23
PAST 68 · sector 28
HEALTH 100 · sector 96
DIVIDEND 7 · sector 24

VALUE 0: the price sits above our fair-value range.

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Specialty Industrial Machinery stocks, each showing price versus our Fair Value estimate (as of Jul 19, 2026).

Stock Price Fair Value vs Fair Value
GE Vernova Inc 1GEV €887.60 €186.93 -79%
1SIE 1SIE €273.20 €91.93 -66%
SMNS SMNS C$31.76 C$22.68 -29%
Eaton Corporation ETN $407.28 $171.92 -58%
Atlas Copco AB ATCOA kr 195.15 kr 112.59 -42%
Sandvik AB SAND kr 384.10 kr 193.01 -50%
Doosan Enerbility Co 034020 76,400 KRW 7,938 KRW -90%
Vestas Wind Systems A/S VWS kr 178.10 kr 124.54 -30%
Zhejiang Sanhua Intelligent Controls Co 002050 ¥43.20 ¥22.68 -48%
NARI Technology Co 600406 ¥22.19 ¥18.71 -16%

Compare AIA Engineering Limited with another stock

Price, fair value, quality and upside side by side.

Free, no sign-up

Explore undervalued stocks

More undervalued Industrials stocks →

All undervalued stocks TechnologyFinancial ServicesHealthcareConsumer CyclicalConsumer DefensiveCommunication ServicesIndustrialsEnergyBasic MaterialsReal EstateUtilities Deeply Undervalued StocksUndervalued Blue-Chip StocksUndervalued Small-Cap StocksUndervalued Dividend Stocks

Frequently asked questions

Is AIA Engineering Limited (AIAENG) overvalued or undervalued?
As of Jul 19, 2026, our model estimates a fair value of ₹2,973 versus a price of ₹4,776, about −38% (overvalued).
What is the fair value of AIAENG?
Our model-based fair value for AIA Engineering Limited is ₹2,973 (as of Jul 19, 2026), built from audited fundamentals. The current price is ₹4,776.
What is the quality score of AIAENG?
AIA Engineering Limited has a Quality Score of 68/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the revenue of AIA Engineering Limited (AIAENG)?
AIA Engineering Limited reported trailing-twelve-month revenue of about ₹44.2B (latest available figure, as of Jul 19, 2026).
What is the net profit margin of AIAENG?
The net profit margin of AIA Engineering Limited is about 28.7%, meaning it keeps roughly 28.7% of revenue as net income. Based on the latest reported figures.
Does AIA Engineering Limited pay a dividend?
AIA Engineering Limited currently shows a dividend yield of about 0.35% relative to its recent price (as of Jul 19, 2026).

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

14 days Pro free · no card

Track AIA Engineering Limited and try Pro for 14 days

One email gets you 14 days of full Pro (review alerts, the 35,000+ stock screener, the diversification check) plus the monthly Top-25 report of the most undervalued quality stocks. No card, cancel anytime.

Zero risk: nothing is ever charged. After 14 days you decide whether to stay.