- Valuation
- ₹32,620 Cr

About Aia Engineering Limited
Data last updated:
Aia Engineering Limited is a public limited company based in Ahmedabad, Gujarat, India. It operates in the industrial machinery manufacturing segment of the machinery and industrial equipment sector. It was incorporated on 11 March 1991 and has been in existence for over 35 years.
Aia Engineering is part of the Nifty 500 and BSE 500 indices. Its director Bhadresh Shah is #132 among India's richest people (2026).
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN L29259GJ1991PLC015182. Its GSTIN is 24AABCA2777J2ZN (Gujarat). The company holds 6 GST registrations, of which 3 are active. It is a listed company as per MCA records. Its shares are listed on BSE: 532683 and NSE: AIAENG.
The company has an authorised share capital of ₹46 Cr and a paid-up capital of ₹18.66 Cr. It was formerly known as Magotteaux (India) Private Limited and Aia Engineering Private Limited. It is led by directors including Bhadresh Kantilal Shah (Managing Director) and Yashwant Manubhai Patel (Whole-Time Director).
Its last annual general meeting (AGM) was held on 15 September 2026, and its latest financial statements are for the year ended 31 March 2026. The registered office is at 115G V M Estateodhav Road Odhav, Ahmedabad, Gujarat, India – 382410.
As per the latest consolidated financials for FY 2025-26, the company reported a revenue of ₹4,421.65 Cr, a growth of 3.1% compared to the previous year. For the same year it recorded a net profit of ₹1,270.21 Cr (net margin 28.7%) and EBITDA of ₹1,258.21 Cr (EBITDA margin 28.5%). The net worth stands at ₹8,025.34 Cr (up 15.9% YoY). Total assets are valued at ₹8,065.5 Cr (up 8.4% YoY).
The company has about 4,420 employees on its provident fund (EPFO) records. Its group structure includes 2 subsidiaries.
The company is associated with 1 brand: AIA Engineering. As per MCA filings, the company has open charges of ₹229.32 Cr and satisfied charges of ₹1,140.86 Cr on record. Court records list 213 cases involving the company, including 85 filed by the company and 128 filed against it; 43 cases are pending. The company has 41 deals on record (33 market trades, 4 funding rounds, 3 secondary share transfers), with disclosed funding of ₹682.32 Cr; the latest was in November 2022. Its 3 peer companies in the Machinery and Equipment industry (Industrial Products Manufacturers), with the same principal business activity (metal and metal products) are compared by revenue, 1 larger and 2 smaller; the largest is Craftsman Automation Limited with revenue of ₹5,715.55 Cr. The company has 33 MSME Form 1 returns on record between 2010 and 2024, listing 2,219 overdue payments to 396 micro and small suppliers.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website aiaengineering.com.
Company details
Name history
Aia Engineering has undergone 2 name changes throughout its history. The company was previously known as Magotteaux (India) Private Limited, and Aia Engineering Private Limited. The current legal name is Aia Engineering Limited.
| Company Name | Status |
|---|---|
| Aia Engineering Limited | Current |
| Magotteaux (India) Private Limited | Previous |
| Aia Engineering Private Limited | Previous |
Recognitions & Rankings of Aia Engineering
- #132 Bhadresh Shah ₹25,800 Cr
Contact details
Aia Engineering Limited's registered office is in Ahmedabad, Gujarat. Its website is aiaengineering.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address115G V M Estateodhav Road Odhav, Ahmedabad, Gujarat, India – 382410
- IndustryMachinery and Equipment, Industrial Machinery Manufacturing
To see the full contact details of Aia Engineering Limited, buy the company report.
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
Brands
Aia Engineering operates one associated brand: AIA Engineering. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Wear-resistant parts for mining and cement industries are manufactured. | aiaengineering.com |
Business activity
The main business activity of Aia Engineering is manufacturing. In detail, this covers metal and metal products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C7 | Metal and metal products |
To see the full business activity and turnover split of Aia Engineering Limited, buy the company report.
Financials of Aia Engineering Limited
FY 2025-26 filings availableAia Engineering Limited reported revenue of ₹4,421.65 Cr (up 3.1% YoY) for FY 2025-26.
Financial Highlights
FY 2025-26 · ConsolidatedRevenue vs Net Profit ₹ Cr
Margin trends
Financial summary ₹ Cr
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 4,422 | 4,290 | 4,854 | 4,909 | 3,567 | 2,881 | 2,970 |
| Revenue growth | +3.1% | -11.6% | -1.1% | +37.6% | +23.8% | -3.0% | - |
| EBITDA | 1,258 | 1,154 | 1,339 | 1,245 | 726 | 659 | 685 |
| EBITDA margin | +28.5% | +26.9% | +27.6% | +25.4% | +20.3% | +22.9% | +23.1% |
| Profit before tax | 1,592 | 1,368 | 1,488 | 1,362 | 781 | 730 | 719 |
| Net profit | 1,270 | 1,061 | 1,130 | 1,047 | 619 | 540 | 563 |
| Net profit margin | +28.7% | +24.7% | +23.3% | +21.3% | +17.3% | +18.8% | +19.0% |
| EPS (₹) | 136.11 | 113.67 | 120.40 | 111.95 | 65.70 | 60.02 | 62.59 |
| Balance sheet | |||||||
| Total assets | 8,066 | 7,438 | 7,146 | 6,216 | 4,788 | 4,462 | 3,844 |
| Net worth | 8,025 | 6,927 | 6,658 | 5,691 | 4,755 | 4,244 | 3,701 |
| Total debt | 10.27 | 491 | 461 | 503 | 9.83 | 193 | 112 |
| Cash & bank | 224 | 438 | 554 | 806 | 506 | 1,395 | 155 |
| Net working capital | 2,567 | 2,311 | 2,731 | 2,684 | 2,373 | 2,659 | 1,476 |
| Cash flow | |||||||
| Cash from operations | 592 | 1,162 | 903 | 868 | (39.55) | 598 | 679 |
| Cash from investing | (114) | (203) | (819) | (1,212) | 101 | (351) | (310) |
| Cash from financing | (660) | (743) | (211) | 395 | (267) | 66.54 | (429) |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1,168 | 1,266 | 1,067 | 1,048 | 1,039 | 1,157 | 1,066 | 1,044 |
| Revenue growth (YoY) | +12.4% | +9.4% | +0.1% | +0.3% | +1.9% | - | - | - |
| Other income | 117 | 140 | 135 | 98.73 | 114 | 97.90 | 71.50 | 90.53 |
| EBITDA | 308 | 363 | 287 | 297 | 306 | 302 | 283 | 276 |
| EBITDA margin | +26.7% | +29.0% | +27.4% | +28.8% | +29.9% | +26.4% | +27.0% | +26.8% |
| Depreciation | 29.06 | 28.84 | 28.21 | 27.95 | 27.70 | 27.95 | 26.19 | 23.58 |
| Interest | 0.45 | 5.38 | 16.23 | 7.70 | 7.20 | 8.45 | 0.99 | 5.27 |
| Profit before tax | 395 | 468 | 378 | 360 | 385 | 363 | 327 | 337 |
| Tax | 94.05 | 75.11 | 84.91 | 82.49 | 80.33 | 77.77 | 68.51 | 80.91 |
| Net profit | 301 | 393 | 293 | 277 | 305 | 285 | 259 | 256 |
| EPS (₹) | 32.27 | 42.15 | 31.54 | 29.73 | 32.69 | 30.55 | 27.78 | 27.29 |
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 3,765 | 3,488 | 4,144 | 4,045 | 3,082 | 2,473 | 2,577 |
| Revenue growth | +7.9% | -15.8% | +2.5% | +31.3% | +24.6% | -4.0% | - |
| EBITDA | 1,143 | 968 | 1,164 | 1,055 | 578 | 599 | 574 |
| EBITDA margin | +30.4% | +27.8% | +28.1% | +26.1% | +18.7% | +24.2% | +22.3% |
| Profit before tax | 1,609 | 1,320 | 1,465 | 1,267 | 752 | 648 | 957 |
| Net profit | 1,273 | 1,021 | 1,124 | 961 | 583 | 460 | 805 |
| Net profit margin | +33.8% | +29.3% | +27.1% | +23.8% | +18.9% | +18.6% | +31.2% |
| EPS (₹) | 136.84 | 109.46 | 119.75 | 102.72 | 61.97 | 51.41 | 88.27 |
| Balance sheet | |||||||
| Total assets | 7,864 | 7,202 | 6,922 | 5,980 | 4,606 | 4,291 | 3,742 |
| Net worth | 7,843 | 6,706 | 6,456 | 5,473 | 4,595 | 4,094 | 3,612 |
| Total debt | 10.27 | 491 | 461 | 502 | 6.25 | 189 | 122 |
| Cash & bank | 59.11 | 140 | 422 | 612 | 423 | 1,148 | 44.60 |
| Net working capital | 2,611 | 2,245 | 2,689 | 2,559 | 2,269 | 2,547 | 1,405 |
| Cash flow | |||||||
| Cash from operations | 537 | 857 | 766 | 647 | 31.20 | 430 | 492 |
| Cash from investing | 73.76 | (61.81) | (619) | (1,110) | 192 | (320) | (43.13) |
| Cash from financing | (660) | (744) | (210) | 400 | (264) | 68.08 | (430) |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 890 | 991 | 979 | 960 | 833 | 861 | 908 | 814 |
| Revenue growth (YoY) | +6.9% | +15.2% | +7.9% | +17.9% | -7.9% | - | - | - |
| Other income | 105 | 137 | 266 | 99.72 | 113 | 241 | 65.51 | 88.66 |
| Total expenses | 629 | 689 | 673 | 659 | 600 | 640 | 673 | 585 |
| EBITDA | 261 | 302 | 306 | 301 | 233 | 221 | 235 | 229 |
| EBITDA margin | +29.8% | +30.9% | +31.8% | +31.9% | +28.4% | +26.2% | +26.4% | +28.6% |
| Depreciation | 28.34 | 28.27 | 27.62 | 27.33 | 27.17 | 27.32 | 25.61 | 23.00 |
| Interest | 0.45 | 5.37 | 16.17 | 7.70 | 7.19 | 8.40 | 0.98 | 5.26 |
| Profit before tax | 337 | 405 | 528 | 365 | 311 | 426 | 274 | 290 |
| Tax | 84.44 | 73.88 | 92.88 | 88.22 | 77.03 | 75.15 | 67.33 | 72.51 |
Financial Statements
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1,168 | 1,266 | 1,067 | 1,048 | 1,039 | 1,157 | 1,066 | 1,044 |
| Revenue growth (YoY) | +12.4% | +9.4% | +0.1% | +0.3% | +1.9% | - | - | - |
| Other income | 117 | 140 | 135 | 98.73 | 114 | 97.90 | 71.50 | 90.53 |
| EBITDA | 308 | 363 | 287 | 297 | 306 | 302 | 283 | 276 |
| EBITDA margin | +26.7% | +29.0% | +27.4% | +28.8% | +29.9% | +26.4% | +27.0% | +26.8% |
| Depreciation | 29.06 | 28.84 | 28.21 | 27.95 | 27.70 | 27.95 | 26.19 | 23.58 |
| Interest | 0.45 | 5.38 | 16.23 | 7.70 | 7.20 | 8.45 | 0.99 | 5.27 |
| Profit before tax | 395 | 468 | 378 | 360 | 385 | 363 | 327 | 337 |
| Tax | 94.05 | 75.11 | 84.91 | 82.49 | 80.33 | 77.77 | 68.51 | 80.91 |
| Net profit | 301 | 393 | 293 | 277 | 305 | 285 | 259 | 256 |
| EPS (₹) | 32.27 | 42.15 | 31.54 | 29.73 | 32.69 | 30.55 | 27.78 | 27.29 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 4,422 | 4,290 | 4,854 | 4,909 | 3,567 | 2,881 | 2,970 |
| Revenue growth | +3.1% | -11.6% | -1.1% | +37.6% | +23.8% | -3.0% | - |
| Other income | 488 | 343 | 283 | 235 | 156 | 172 | 142 |
| Total expenses | 3,163 | 3,137 | 3,515 | 3,663 | 2,841 | 2,222 | 2,285 |
| Employee cost | 199 | 185 | 171 | 152 | 139 | 134 | 134 |
| EBITDA | 1,258 | 1,154 | 1,339 | 1,245 | 726 | 659 | 685 |
| EBITDA margin | +28.5% | +26.9% | +27.6% | +25.4% | +20.3% | +22.9% | +23.1% |
| Depreciation | 113 | 103 | 100 | 93.04 | 92.12 | 93.50 | 97.88 |
| Interest | 41.70 | 25.65 | 33.43 | 24.84 | 8.50 | 8.19 | 10.07 |
| Profit before tax | 1,592 | 1,368 | 1,488 | 1,362 | 781 | 730 | 719 |
| Tax | 323 | 308 | 351 | 306 | 162 | 164 | 128 |
| Net profit | 1,270 | 1,061 | 1,130 | 1,047 | 619 | 540 | 563 |
| Net profit margin | +28.7% | +24.7% | +23.3% | +21.3% | +17.3% | +18.8% | +19.0% |
| EPS (₹) | 136.11 | 113.67 | 120.40 | 111.95 | 65.70 | 60.02 | 62.59 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 18.66 | 18.66 | 18.86 | 18.86 | 18.86 | 18.86 | 18.86 |
| Reserves & surplus | 8,007 | 6,908 | 6,639 | 5,672 | 4,736 | 4,225 | 3,682 |
| Shareholders' funds (net worth) | 8,025 | 6,927 | 6,658 | 5,691 | 4,755 | 4,244 | 3,701 |
| Minority interest | 8.88 | 10.08 | 10.29 | 8.94 | 8.48 | 8.82 | 9.25 |
| Secured loans | 0.00 | 485 | 77.24 | 77.00 | 1.27 | 73.47 | 96.95 |
| Unsecured loans | 10.27 | 5.57 | 384 | 426 | 8.56 | 119 | 15.00 |
| Total debt | 10.27 | 491 | 461 | 503 | 9.83 | 193 | 112 |
| Total liabilities | 8,066 | 7,438 | 7,146 | 6,216 | 4,788 | 4,462 | 3,844 |
| Assets | |||||||
| Gross block | 2,170 | 2,015 | 1,857 | 1,656 | 1,352 | 1,283 | 1,293 |
| Net block | 1,233 | 1,175 | 1,110 | 1,003 | 790 | 811 | 890 |
| Capital work in progress | 15.89 | 76.95 | 92.17 | 107 | 210 | 161 | 32.35 |
| Investments | 4,302 | 3,919 | 3,043 | 2,254 | 1,055 | 809 | 1,418 |
| Inventories | 1,256 | 1,017 | 1,205 | 1,218 | 1,226 | 755 | 778 |
| Sundry debtors | 1,169 | 826 | 880 | 861 | 800 | 638 | 648 |
| Cash & bank balances | 224 | 438 | 554 | 806 | 506 | 1,395 | 155 |
| Loans & advances | 288 | 329 | 383 | 174 | 140 | 119 | 145 |
| Total current assets | 2,936 | 2,610 | 3,022 | 3,059 | 2,672 | 2,908 | 1,727 |
| Total current liabilities | 369 | 299 | 291 | 375 | 299 | 249 | 251 |
| Net working capital | 2,567 | 2,311 | 2,731 | 2,684 | 2,373 | 2,659 | 1,476 |
| Total assets | 8,066 | 7,438 | 7,146 | 6,216 | 4,788 | 4,462 | 3,844 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 397 | 180 | 307 | 257 | 462 | 148 | 208 |
| Net cash from operating activities | 592 | 1,162 | 903 | 868 | (39.55) | 598 | 679 |
| Net cash from investing activities | (114) | (203) | (819) | (1,212) | 101 | (351) | (310) |
| Net cash from financing activities | (660) | (743) | (211) | 395 | (267) | 66.54 | (429) |
| Net change in cash | (182) | 217 | (127) | 50.77 | (205) | 314 | (59.82) |
| Closing cash | 224 | 438 | 554 | 806 | 506 | 1,395 | 155 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | +3.1% | -11.6% | -1.1% | +37.6% | +23.8% | -3.0% | - |
| EBITDA growth | +9.1% | -13.8% | +7.5% | +71.6% | +10.1% | -3.7% | - |
| PBT growth | +16.3% | -8.0% | +9.3% | +74.3% | +7.1% | +1.5% | +3.5% |
| Net income growth | +19.8% | -6.1% | +7.9% | +69.3% | +14.5% | -4.0% | - |
| Revenue CAGR (3Y) | -3.4% | +6.4% | +19.0% | +18.2% | +5.1% | +5.6% | +9.8% |
| EBITDA CAGR (3Y) | +0.3% | +16.7% | +26.6% | +22.1% | +3.0% | +6.9% | +2.4% |
| Profitability & leverage | |||||||
| Net income margin | +28.7% | +24.7% | +23.4% | +21.5% | +17.4% | +19.6% | +19.9% |
| Return on capital employed | +21.1% | +19.1% | +22.8% | +25.3% | +17.1% | +17.8% | +19.5% |
| Return on net worth | +17.0% | +15.6% | +18.4% | +20.2% | +13.8% | +14.2% | +16.4% |
| Debt / equity | 0.03 | 0.07 | 0.08 | 0.05 | 0.02 | 0.04 | 0.03 |
| Long-term debt / equity | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest cover | 3.64 | 2.44 | 2.70 | 2.16 | 1.34 | 1.45 | 1.72 |
| Efficiency & per share | |||||||
| Fixed asset turnover | 2.11 | 2.22 | 2.76 | 3.26 | 2.71 | 2.24 | 2.44 |
| Inventory turnover | 3.89 | 3.86 | 4.01 | 4.02 | 3.60 | 3.76 | 3.81 |
| Debtors turnover | 4.43 | 5.03 | 5.58 | 5.91 | 4.96 | 4.48 | 4.40 |
| EPS (₹) | 136.11 | 113.67 | 120.40 | 111.95 | 65.70 | 60.02 | 62.59 |
| Dividend per share (₹) | 16.00 | 16.00 | 16.00 | 16.00 | 9.00 | 9.00 | 27.00 |
| Book value per share (₹) | 859.98 | 742.28 | 705.86 | 603.40 | 504.13 | 449.99 | 392.42 |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 890 | 991 | 979 | 960 | 833 | 861 | 908 | 814 |
| Revenue growth (YoY) | +6.9% | +15.2% | +7.9% | +17.9% | -7.9% | - | - | - |
| Other income | 105 | 137 | 266 | 99.72 | 113 | 241 | 65.51 | 88.66 |
| Total expenses | 629 | 689 | 673 | 659 | 600 | 640 | 673 | 585 |
| EBITDA | 261 | 302 | 306 | 301 | 233 | 221 | 235 | 229 |
| EBITDA margin | +29.8% | +30.9% | +31.8% | +31.9% | +28.4% | +26.2% | +26.4% | +28.6% |
| Depreciation | 28.34 | 28.27 | 27.62 | 27.33 | 27.17 | 27.32 | 25.61 | 23.00 |
| Interest | 0.45 | 5.37 | 16.17 | 7.70 | 7.19 | 8.40 | 0.98 | 5.26 |
| Profit before tax | 337 | 405 | 528 | 365 | 311 | 426 | 274 | 290 |
| Tax | 84.44 | 73.88 | 92.88 | 88.22 | 77.03 | 75.15 | 67.33 | 72.51 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 3,765 | 3,488 | 4,144 | 4,045 | 3,082 | 2,473 | 2,577 |
| Revenue growth | +7.9% | -15.8% | +2.5% | +31.3% | +24.6% | -4.0% | - |
| Other income | 615 | 475 | 428 | 323 | 270 | 145 | 485 |
| Total expenses | 2,622 | 2,520 | 2,980 | 2,989 | 2,504 | 1,874 | 2,003 |
| Employee cost | 139 | 130 | 123 | 110 | 103 | 98.06 | 99.53 |
| EBITDA | 1,143 | 968 | 1,164 | 1,055 | 578 | 599 | 574 |
| EBITDA margin | +30.4% | +27.8% | +28.1% | +26.1% | +18.7% | +24.2% | +22.3% |
| Depreciation | 110 | 101 | 98.22 | 91.15 | 89.84 | 90.97 | 95.51 |
| Interest | 37.84 | 21.99 | 29.40 | 19.78 | 4.92 | 4.98 | 6.73 |
| Profit before tax | 1,609 | 1,320 | 1,465 | 1,267 | 752 | 648 | 957 |
| Tax | 332 | 299 | 335 | 298 | 168 | 163 | 125 |
| Net profit | 1,273 | 1,021 | 1,124 | 961 | 583 | 460 | 805 |
| Net profit margin | +33.8% | +29.3% | +27.1% | +23.8% | +18.9% | +18.6% | +31.2% |
| EPS (₹) | 136.84 | 109.46 | 119.75 | 102.72 | 61.97 | 51.41 | 88.27 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 18.66 | 18.66 | 18.86 | 18.86 | 18.86 | 18.86 | 18.86 |
| Reserves & surplus | 7,824 | 6,688 | 6,437 | 5,454 | 4,576 | 4,076 | 3,593 |
| Shareholders' funds (net worth) | 7,843 | 6,706 | 6,456 | 5,473 | 4,595 | 4,094 | 3,612 |
| Secured loans | 0.00 | 485 | 77.24 | 77.00 | 0.00 | 70.00 | 92.95 |
| Unsecured loans | 10.27 | 5.56 | 384 | 425 | 6.25 | 119 | 29.08 |
| Total debt | 10.27 | 491 | 461 | 502 | 6.25 | 189 | 122 |
| Total liabilities | 7,864 | 7,202 | 6,922 | 5,980 | 4,606 | 4,291 | 3,742 |
| Assets | |||||||
| Gross block | 2,096 | 1,944 | 1,784 | 1,584 | 1,280 | 1,215 | 1,225 |
| Net block | 1,204 | 1,152 | 1,086 | 980 | 766 | 789 | 865 |
| Capital work in progress | 14.62 | 76.87 | 92.17 | 107 | 210 | 161 | 32.35 |
| Investments | 4,133 | 3,807 | 2,927 | 2,208 | 1,028 | 792 | 1,433 |
| Inventories | 694 | 616 | 695 | 628 | 628 | 420 | 435 |
| Sundry debtors | 1,854 | 1,362 | 1,391 | 1,444 | 1,295 | 1,067 | 968 |
| Cash & bank balances | 59.11 | 140 | 422 | 612 | 423 | 1,148 | 44.60 |
| Loans & advances | 229 | 321 | 360 | 148 | 123 | 97.04 | 132 |
| Total current assets | 2,837 | 2,438 | 2,867 | 2,832 | 2,469 | 2,731 | 1,580 |
| Total current liabilities | 226 | 192 | 179 | 273 | 200 | 184 | 175 |
| Net working capital | 2,611 | 2,245 | 2,689 | 2,559 | 2,269 | 2,547 | 1,405 |
| Total assets | 7,864 | 7,202 | 6,922 | 5,980 | 4,606 | 4,291 | 3,742 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 101 | 50.05 | 114 | 177 | 217 | 38.81 | 20.66 |
| Net cash from operating activities | 537 | 857 | 766 | 647 | 31.20 | 430 | 492 |
| Net cash from investing activities | 73.76 | (61.81) | (619) | (1,110) | 192 | (320) | (43.13) |
| Net cash from financing activities | (660) | (744) | (210) | 400 | (264) | 68.08 | (430) |
| Net change in cash | (48.83) | 50.48 | (63.66) | (63.20) | (40.18) | 178 | 18.15 |
| Closing cash | 59.11 | 140 | 422 | 612 | 423 | 1,148 | 44.60 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | +7.9% | -15.8% | +2.5% | +31.3% | +24.6% | -4.0% | - |
| EBITDA growth | +18.0% | -16.8% | +10.3% | +82.7% | -3.6% | +4.4% | - |
| PBT growth | +21.9% | -9.8% | +15.6% | +68.4% | +16.1% | -32.3% | +59.1% |
| Net income growth | +24.7% | -9.2% | +17.0% | +64.6% | +26.8% | -42.8% | - |
| Revenue CAGR (3Y) | -2.4% | +4.2% | +18.8% | +16.2% | +2.8% | +4.8% | +7.7% |
| EBITDA CAGR (3Y) | +2.7% | +18.8% | +24.8% | +22.5% | +0.3% | +8.7% | +0.9% |
| Profitability & leverage | |||||||
| Net income margin | +33.9% | +29.3% | +27.3% | +24.0% | +19.0% | +19.6% | +32.3% |
| Return on capital employed | +21.9% | +19.0% | +23.2% | +24.3% | +17.0% | +16.3% | +27.4% |
| Return on net worth | +17.6% | +15.5% | +18.9% | +19.3% | +13.5% | +12.6% | +24.5% |
| Debt / equity | 0.03 | 0.07 | 0.08 | 0.05 | 0.02 | 0.04 | 0.04 |
| Long-term debt / equity | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest cover | 3.67 | 2.54 | 2.76 | 2.05 | 1.01 | 0.98 | 1.41 |
| Efficiency & per share | |||||||
| Fixed asset turnover | 1.86 | 1.87 | 2.46 | 2.82 | 2.47 | 2.03 | 2.24 |
| Inventory turnover | 5.75 | 5.32 | 6.27 | 6.44 | 5.88 | 5.79 | 5.80 |
| Debtors turnover | 2.34 | 2.53 | 2.92 | 2.95 | 2.61 | 2.43 | 2.77 |
| EPS (₹) | 136.84 | 109.46 | 119.75 | 102.72 | 61.97 | 51.41 | 88.27 |
| Dividend per share (₹) | 16.00 | 16.00 | 16.00 | 16.00 | 9.00 | 9.00 | 27.00 |
| Book value per share (₹) | 840.42 | 718.62 | 684.46 | 580.26 | 487.16 | 434.10 | 382.98 |
To see the full year-wise statements and ratios of Aia Engineering Limited, buy the company report.
Board of directors of Aia Engineering Limited
Aia Engineering has 10 current directors and 11 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Yashwant Manubhai Patel | Whole-Time Director | 12 Nov 2010 | 15 Years 11 Months | Current |
| Sanjay Shaileshbhai Majmudar | Director | 13 Sep 2024 | 2 Years 1 Months | Current |
| Bhumika Shyamal Shodhan Also directs: S N B Fashions Private Limited | Director | 07 Nov 2014 | 11 Years 11 Months | Current |
| Khushali Samip Solanki Also directs: Welcast Steels Limited | Director | 07 Nov 2014 | 11 Years 11 Months | Current |
| Janaki Udayanbhai Shah | Director | 26 Mar 2019 | 7 Years 7 Months | Current |
| Bhadresh Kantilal Shah Also directs: Zydus Lifesciences Limited, Welcast Steels Limited, Zydus Healthcare Limited and 2 more | Managing Director | 11 Mar 1991 | 35 Years 7 Months | Current |
Peer comparison
Aia Engineering Limited is compared with the 3 companies closest to it by revenue in the Machinery and Equipment industry (Industrial Products Manufacturers), with the same principal business activity (metal and metal products), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Craftsman Automation Limited | ₹5,715.55 Cr (FY 2025) | 28.0% | Coimbatore, Tamil Nadu, India | |||
| Mukand Limited | ₹4,904.42 Cr (FY 2025) | -6.0% | Mumbai, Maharashtra, India | |||
| Aia Engineering Limitedthis company | ₹4,421.65 Cr (FY 2026) | ₹1,270.21 Cr | 28.7% | 3.1% | 4,420 | Ahmedabad, Gujarat, India |
| SMS India Private Limited | ₹4,412.74 Cr (FY 2025) | 109.0% | New Delhi, Delhi, India |
To see the full peer comparison of Aia Engineering Limited, buy the company report.
Auditor
Aia Engineering Limited is audited by B S R & Co. LLP for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| B S R & Co. LLP | FY 2023 | 101248W/W-100022 |
Shareholding
Shareholding for the quarter ended Sep 2026: promoters hold 58.50%, foreign institutional investors hold 16.90%, domestic institutional investors hold 22.10% and retail and other public shareholders hold 2.50%.
| Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | |
|---|---|---|---|---|
| Promoters | 58.50% | 58.50% | 58.50% | 58.50% |
| Public | 41.50% | 41.50% | 41.50% | 41.50% |
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 27 Dec 2014 | 10544152 | State Bank of India | ₹229.32 Cr | Open | |
| 29 Mar 2018 | 100169589 | The Hongkong and Shanghai Banking Corporation Limited | ₹50 Cr | Satisfied | |
| 28 Jun 2017 | 100111567 | Others | ₹49.14 Lakh | Satisfied | |
| 19 May 2014 | 10502105 | Citi Bank N.A. | ₹150 Cr | Satisfied | |
| 14 May 2013 | 10425511 | The Hongkong and Shanghai Banking Corporation Limited | ₹42 Cr | Satisfied |
To see the full charge records of Aia Engineering Limited, buy the company report.
Total charge records: 36 View all charges
Deals & funding
Aia Engineering Limited has 41 deals on record (33 market trades, 4 funding rounds, 3 secondary share transfers), with disclosed funding of ₹682.32 Cr; the latest was in November 2022.
Deals on record (5 of 41)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Feb 2016 | Funding round | ₹170 Cr | Investors: Nalanda Capital India Advisors Private Limited |
| Jul 2011 | Funding round | ₹243.44 Cr | Investors: Nalanda Capital India Advisors Private Limited |
| Jan 2006 | Market trade | ₹25.53 Cr | Buyer: H J Securities Private Limited , Sam Global Securities Lim Seller: H J Securities Private Limited , Sam Global Securities Lim |
| Jan 2006 | Market trade | ₹5.57 Cr | Buyer: Adroit Financial Services Private Limited Seller: Adroit Financial Services Private Limited |
| Dec 2005 | Market trade | ₹10.31 Cr | Buyer: H J Securities Private Limited Seller: H J Securities Private Limited |
To see the full deal history of Aia Engineering Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Aia Engineering Limited has 213 court cases on record: 85 filed by Aia Engineering, 128 filed against it. 43 cases are pending and 170 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 146 | 90 | 39 |
| District courts | 57 | 33 | 4 |
| Supreme Court | 10 | 5 | 0 |
Cases on record (5 of 213)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, MAHARASHTRA | Court case (COMMP) | Filed against the company by Shri Balaji Industrial Products Limited | Pending |
| High Court, GUJARAT | Special civil application | Filed against the company by Uttar Gujarat Vij Company Limited Through Deputy Engineer | Pending |
| High Court, Rajasthan | Writ petition | Filed by the company against NTPC Ltd. and 1 other | Pending |
| High Court | Interim or miscellaneous application | Filed by the company against NTPC Ltd. | Pending |
| High Court, GUJARAT | Special civil application | Filed by the company against Uttar Gujarat Vij Company Ltd | Pending |
To see the full case history of Aia Engineering Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
Credit ratings & regulatory alerts
Aia Engineering Limited was last rated by Crisil on 14 Nov 2019.
| Rating agency | Rated on | Rating |
|---|---|---|
| Crisil | 14 Nov 2019 |
To see the full credit ratings and regulatory alerts of Aia Engineering Limited, buy the company report.
MSME payment delays
Aia Engineering Limited has 33 MSME Form 1 returns on record between 2010 and 2024, listing 2,219 overdue payments to 396 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (5 of 396)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | |||
| an individual supplier | |||
| Hi-Flex Hydraulics Private Limited | |||
| Bitscape Infotech Private Limited | |||
| an individual supplier |
To see the full MSME payment records of Aia Engineering Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Group structure & subsidiaries
Aia Engineering has 2 subsidiary companies and 1 associated company. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Welcast Steels Limited | L27104GJ1972PLC085827 | |
| Aia CSR Foundation | U85190GJ2015NPL084851 |
To see the full group structure of Aia Engineering Limited, buy the company report.
Employees & EPFO
Aia Engineering Limited has a workforce of 4,420 employees on its EPFO records as of Mar 29, 2024, across 3 active EPFO establishments.
GST
Aia Engineering has 6 GST registrations: 3 active and 3 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AABCA2777J2ZN | Gujarat | Active | 08 Nov 2017 |
| 27AABCA2777J1ZI | Maharashtra | Active | 01 Jul 2017 |
| 33AABCA2777J1ZP | Tamil Nadu | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Aia Engineering Limited, buy the company report.
Recent activity
Aia Engineering Limited has 29 board changes on record since 1991: 21 appointments and 8 cessations. The latest: Malay Jayendra Dalal was appointed as Director on 20 Apr 2026.
111 earlier events are in the company report.
News
Frequently asked questions
Aia Engineering is an active public limited company based in Ahmedabad, Gujarat, India. The company works in industrial machinery manufacturing, within the machinery and equipment industry. It was incorporated on 11 March 1991 (35+ years old) and is registered under CIN L29259GJ1991PLC015182. Listed on BSE: 532683 and NSE: AIAENG.
Aia Engineering reported revenue of ₹4,421.65 Cr for FY 2025-26 (up 3.1% YoY) based on consolidated financials.
Aia Engineering has 10 current directors:
- Bhadresh Kantilal Shah - Managing Director
- Yashwant Manubhai Patel - Whole-Time Director
- Sanjay Shaileshbhai Majmudar - Director
- Bhumika Shyamal Shodhan - Director
- Khushali Samip Solanki - Director
- Janaki Udayanbhai Shah - Director
- Nitin Chandrashanker Shukla - Director
- Udayan Dileep Choksi - Director
- Piyush Balvantlal Shah - Director
- Malay Jayendra Dalal - Director
The latest financial statements of Aia Engineering on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 15 September 2026. Year-wise statements from 2015 are in the company report.
The GSTIN of Aia Engineering is 24AABCA2777J2ZN, registered in Gujarat. The company has 6 GST registrations in all, of which 3 are active and 3 are cancelled or inactive. Other active GSTINs include 27AABCA2777J1ZI (Maharashtra), 33AABCA2777J1ZP (Tamil Nadu).
The CIN (Corporate Identification Number) of Aia Engineering is L29259GJ1991PLC015182. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Yes. Aia Engineering is a listed company as per MCA records. Its shares are listed on both BSE (code: 532683) and NSE (symbol: AIAENG).
Aia Engineering has 213 court cases on record: 85 filed by the company and 128 filed against it. 43 are pending. Most are in the high courts.
Aia Engineering was incorporated on 11 March 1991, making it 35+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Aia Engineering has 41 deals on record (33 market trades, 4 funding rounds, 3 secondary share transfers), with disclosed funding of ₹682.32 Cr; the latest was in November 2022.
The peers of Aia Engineering by revenue are Craftsman Automation Limited, Mukand Limited, SMS India Private Limited, all in the Machinery and Equipment industry (Industrial Products Manufacturers), with the same principal business activity (metal and metal products).
Malay Jayendra Dalal was appointed as Director on 20 Apr 2026. Nitin Chandrashanker Shukla was appointed as Director on 30 Jan 2026. Rajan Ramkrishna Harivallabhdas ceased to be Director on 24 Sep 2025. Aia Engineering has 29 board changes on record in total.