News

Buy AIA Engineering Ltd For Target Rs. 3,300 - Emkay Global Favourable mix and lower freight continues to drive margin   AIA Engineering reported inline numbers. Net sales grew by 17% YoY (in-line with JMFe), as volume growth was flat at 73,505MT, but realisation increases by 15%YoY to INR 170/kg, on the back of favourable mix. EBITDA grew by 40% YoY (in-line with JMFe) to INR3.2bn, as margins reported a notable increase of 480bps YoY to 24.8% (90bps higher than JMFe) driven by favourable mix, price passthrough and decline in ocean freight ...
Buy AIA Engineering Ltd For Target Rs. 3,300 - Emkay Global
Buy AIA Engineering Ltd For Target Rs. 3,300 - Emkay Global
Source: Emkay Global Financial Services Ltd
16/06/2023 1:20:37 PM
AIA Engineering gains on acquiring 26% stake in CMPL AIA Engineering is currently trading at Rs. 2588.75, up by 22.45 points or 0.87% from its previous closing of Rs. 2566.30 on the BSE. The scrip opened at Rs. 2547.05 and has touched a high and low of Rs. 2626.80 and Rs. 2547.05 respectively. So far 879 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 2875.15 on 07-Dec-2022 and a 52 week low of Rs. 1476.00 on 07-Mar-2022. Last one week high and low of the scrip st...
AIA Engineering gains on acquiring 26% stake in CMPL
AIA Engineering gains on acquiring 26% stake in CMPL
Source: Accord Fintech
2/01/2023 3:47:14 PM
AIA Engineering moves up on inking pact to acquire stake in Clean Max Meridius AIA Engineering is currently trading at Rs. 2681.75, up by 14.75 points or 0.55% from its previous closing of Rs. 2667.00 on the BSE. The scrip opened at Rs. 2666.80 and has touched a high and low of Rs. 2681.75 and Rs. 2650.60 respectively. So far 395 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 2875.15 on 07-Dec-2022 and a 52 week low of Rs. 1476.00 on 07-Mar-2022. Last one week high and low of the scrip st...
AIA Engineering moves up on inking pact to acquire stake in Clean Max Meridius
AIA Engineering moves up on inking pact to acquire stake in Clean Max Meridius
Source: Accord Fintech
19/12/2022 11:50:37 AM
Buy AIA Engineering Ltd For Target Rs. 2,720 - ICICI Securities Stable performance set to continue AIA Engineering (AIAE) is on track to deliver ~30,000te incremental volumes (in line with management guidance) each year in FY23 and FY24, led by steady demand, likely gradual easing of logistics issues and capacity expansion. Company has recently entered into a non-exclusive agreement with SAL Steel Ltd for supply of key raw material ferro-chrome for three years. The deal is likely to result in increased supply of ferro-chrome from the domestic market (c...
Buy AIA Engineering Ltd For Target Rs. 2,720 - ICICI Securities
Buy AIA Engineering Ltd For Target Rs. 2,720 - ICICI Securities
Source: ICICI Securities Ltd
27/09/2022 2:19:12 PM
AIA Engineering trades higher on the BSE AIA Engineering is currently trading at Rs. 2616.00, up by 13.60 points or 0.52% from its previous closing of Rs. 2602.40 on the BSE. The scrip opened at Rs. 2595.00 and has touched a high and low of Rs. 2625.30 and Rs. 2594.90 respectively. So far 1722 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 2821.70 on 20-Sep-2022 and a 52 week low of Rs. 1476.00 on 07-Mar-2022. Last one week high and low of the scrip s...
AIA Engineering trades higher on the BSE
AIA Engineering trades higher on the BSE
Source: Accord Fintech
23/09/2022 3:06:53 PM
SAL Steel touches roof on entering into Supply Agreement with AIA Engineering SAL Steel is locked its upper circuit limit at Rs. 11.34, up by 0.54 points or 5.00% from its previous closing of Rs. 10.80 on the BSE. The scrip opened at Rs. 11.34 and has touched a high and low of Rs. 11.34 and Rs. 11.34 respectively. So far 92737 shares were traded on the counter. The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 16.68 on 12-Jan-2022 and a 52 week low of Rs. 7.55 on 21-Jun-2022. Last one week high and low of the scrip stood at...
SAL Steel touches roof on entering into Supply Agreement with AIA Engineering
SAL Steel touches roof on entering into Supply Agreement with AIA Engineering
Source: Accord Fintech
19/09/2022 3:34:23 PM
SAL Steel touches roof on getting nod to borrow Rs 125 crore from AIA Engineering SAL Steel is locked its upper circuit limit at Rs. 10.17, up by 0.92 points or 9.95% from its previous closing of Rs. 9.25 on the BSE. The scrip opened at Rs. 9.25 and has touched a high and low of Rs. 10.17 and Rs. 9.25 respectively. So far 47362 shares were traded on the counter. The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 16.68 on 12-Jan-2022 and a 52 week low of Rs. 7.55 on 21-Jun-2022. Last one week high and low of the scrip stood at Rs...
SAL Steel touches roof on getting nod to borrow Rs 125 crore from AIA Engineering
SAL Steel touches roof on getting nod to borrow Rs 125 crore from AIA Engineering
Source: Accord Fintech
14/09/2022 10:35:18 AM
AIA Engineering Q1 net profit jumps 47.46% at Rs 153.52 cr The company reported standalone net profit of Rs 153.52 crore for the quarter ended June 30, 2022 as compared to Rs 104.11 crore in the same period last year, registering a year-on-year growth of 47.46 per cent. Net revenue of the company rose substantially by 36.28 per cent at Rs 881.99 crore in April-June quarter of this fiscal as against Rs 647.21 crore in the corresponding period last year. During April-June quarter, operating expenses increased by 35.65 per cent to Rs 710.62 crore fro...
AIA Engineering Q1 net profit jumps 47.46% at Rs 153.52 cr
AIA Engineering Q1 net profit jumps 47.46% at Rs 153.52 cr
Source: Dion Global Solutions Ltd
9/08/2022 3:53:21 PM
Hold AIA Engineering Ltd For Target Rs.2,052 - Edelweiss Financial Services Short term bumpy; growth awaited AIA Engineering (AIA) reported Q3FY22 sales growth of 21% YoY, 6% ahead of estimates, led by a sharp jump in realisation (36% YoY) on the back of raw material price pass-through. Volumes however, missed estimates with dip of 11% YoY/16% QoQ. Separately, high shipping costs eroded EBITDA (down 6% YoY) in-line with our estimates. While bulk of the raw material costs have been passed to customers, the freight cost pass-through is expected to be gradual. Whi...
Hold AIA Engineering Ltd For Target Rs.2,052 - Edelweiss Financial Services
Hold AIA Engineering Ltd For Target Rs.2,052 - Edelweiss Financial Services
Source: Edelweiss Financial Services Ltd
8/02/2022 10:53:32 AM
Hold AIA Engineering Ltd For Target Rs.2,002 - Edelweiss Financial Services Short-term bumpy; growth awaited We recently interacted with Mr. Kunal Shah, Executive Director at ss(AIAE). Key highlights: i) Volume loss owing to competition concerns in Canada and South Africa would be mitigated by other geographies. ii) Gold and copper remain a big part of the strategy with further potential improvement in demand. iii) Mill liners’ capacity is expected to be commissioned by end-FY22 and ramp up over FY23. Recouping of volumes is likely to remain gradual as sh...
Hold AIA Engineering Ltd For Target Rs.2,002 - Edelweiss Financial Services
Hold AIA Engineering Ltd For Target Rs.2,002 - Edelweiss Financial Services
Source: Edelweiss Financial Services Ltd
20/12/2021 2:09:37 PM
Add AIA Engineering Ltd : Likely Canadian volume loss to impact growth - ICICI Securities Add AIA Engineering Ltd For Target Rs.2,074 Likely Canadian volume loss to impact growth AIA Engineering (AIAE) reported 13% YoY growth in volumes to 60,318te for Q1FY22 led by sharp 92% YoY recovery in non-mining segment, while mining volumes declined 10% YoY. Due to price increases and favourable product mix, realisation grew 12% YoY to Rs122/kg supporting margins. New client engagement continues to be low due to travel restrictions. Growth prospects will be impacted if import duty of...
Add AIA Engineering Ltd : Likely Canadian volume loss to impact growth - ICICI Securities
Add AIA Engineering Ltd : Likely Canadian volume loss to impact growth - ICICI Securities
Source: ICICI Securities
16/10/2021 9:35:54 AM
Buy AIA Engineering Ltd For Target Rs. 2,335 - ICICI Securities Canadian issue to impact near-term growth AIA Engineering (AIAE) has reported stable volumes in Q4FY21 despite demand headwinds, supported by healthy growth from the cement segment. Increase in raw material prices has impacted gross margins and the company is taking price increases which will reflect with a lag in its financials. New client engagement continues to be low due to travel restrictions. The imposition of import duty in Canada will impact near-term growth till the outcome of the...
Buy AIA Engineering Ltd For Target Rs. 2,335 - ICICI Securities
Buy AIA Engineering Ltd For Target Rs. 2,335 - ICICI Securities
Source: ICICI Securities
25/06/2021 11:22:57 AM
Buy AIA Engineering Ltd For Target Rs. 2,200 - ICICI Direct Steady operational performance, reasonable volumes AIA Engineering reported consolidated revenues at | 860.2 crore (in line with our estimate of | 859.6 crore), up marginally by 0.4% YoY owing to decline of 3.3% in volumes YoY. Realisations grew 6% to | 107.1/kg YoY. EBITDA came in at | 169.2 crore, down 8.4% YoY (vs. our estimate of | 190.8 crore). EBITDA margins fell 190 bps YoY to 19.7% (below our estimate of 22.2%) impacted by commodity prices. PAT came in at | 133.1 crore (below our e...
Buy AIA Engineering Ltd For Target Rs. 2,200 - ICICI Direct
Buy AIA Engineering Ltd For Target Rs. 2,200 - ICICI Direct
Source: ICICI Direct
25/06/2021 10:36:40 AM
Buy AIA Engineering Ltd For Target Rs.2,288 - Yes Securities Result Highlights * Revenue increased marginally by 0.4% YoY at Rs8.6 bn. Mining volumes came in at 49,642 MT, de‐growth of 10% YoY and Cement & other utility volumes were at 29,735 MT, a growth of 10% YoY. The marketing efforts have been impacted as sales team could not travel due to COVID. The Company expects mining and cement industries to pick up which would increase demand for its projects. * EBITDA Margin came off by 188 bps to 19.7%. The margins were impacted due to increase ...
Buy AIA Engineering Ltd For Target Rs.2,288 - Yes Securities
Buy AIA Engineering Ltd For Target Rs.2,288 - Yes Securities
Source: Yes Securities Ltd
26/05/2021 10:02:19 AM
Buy AIA Engineering Ltd For Target Rs.2,367 - ICICI Securities Global growth recovery to fuel growth AIA Engineering (AIAE) posted stable volumes and margins despite demand headwinds from overseas mining market. Company is largely back to pre-Covid levels in almost all geographies though new client engagement continues to be low due to travel restrictions. Travel restrictions have resulted in delay in equipment installation for the mill lining facility, and commencement is now expected by Jun’21. Company has incurred Rs880mn of capex in 9MFY21 ...
Buy AIA Engineering Ltd For Target Rs.2,367 - ICICI Securities
Buy AIA Engineering Ltd For Target Rs.2,367 - ICICI Securities
Source: ICICI Securities Ltd
16/03/2021 12:30:50 PM
Buy AIA Engineering Ltd For Target Rs.2,350 - ICICI Direct Steady operational performance, decent volumes AIA Engineering reported consolidated revenues at | 698.7 crore (below our estimate of | 765 crore), merely up 0.7% YoY owing to lower realisation YoY, which declined 5.3% to | 105.4 per kg. EBITDA came in at | 172.3 crore, almost flat YoY (vs. our estimate of | 169 crore). EBITDA margins declined marginally by 20 bps YoY to 24.7% (above our estimate of 22.1%). PAT came in at | 156.1 crore (above our estimate of | 125.5 crore), down marginall...
Buy AIA Engineering Ltd For Target Rs.2,350 - ICICI Direct
Buy AIA Engineering Ltd For Target Rs.2,350 - ICICI Direct
Source: ICICI Direct Ltd
13/03/2021 9:42:21 AM
Add AIA Engineering Ltd For Target Rs.2,209 - Yes Securities * Our View: We have introduced FY23E volume estimates at 326K assuming i) incremental volumes from mining markets, ii) incremental contribution from mill lining solutions, and ii) ~75 bps margin expansion over FY21‐23E led by the benefits of INR depreciation and addition of relatively higher margin mill lining solutions. We believe company deserves a premium multiple due to its cost leadership, product superiority, and strong business MOAT. We remain positive on AIAE’s story of multi‐ye...
Add AIA Engineering Ltd For Target Rs.2,209 - Yes Securities
Add AIA Engineering Ltd For Target Rs.2,209 - Yes Securities
Source: Yes Securites Ltd
10/02/2021 11:10:12 AM