AIA Engineering Ltd. News and Updates

Name: Latest research reports of AIA Engineering Ltd. authored by HDFC Securities and published by - Trendlyne research reports.
Item: AIA Engineering Ltd.
Rating: 5
Author: HDFC Securities

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AIA Engineering Ltd.

15 Aug 2017

3171.60

2.16%

AIA Engineering (1QFY18): Mining volume growth resumes. Maintain BUY

Buy: AIA Engineering Ltd.

HDFC Securities

Maintain BUY with a TP of Rs 1,600 (25.0x FY19 P/E). AIA Engineering (AIAE) numbers were in-line with estimates (EBITDA: Rs 1.30bn vs est Rs 1.30bn, -(11.6)/(11.7)% YoY/QoQ). Volume growth in mining resumed after a brief pause in 4QFY17 (16.8% YoY for 1QFY18). EBITDA margins shrank to 22.8% ((659)/(64) YoY/QoQ), driven by costlier FeCr over 2HFY17, getting reflected in the numbers now.

Number of FII/FPI investors decreased from 255 to 240 in Mar 2025 qtr

AIA Engineering Ltd.

29 May 2017

3171.60

2.16%

AIA Engineering Ltd Q4FY17 results comment

Results Update: AIA Engineering Ltd.

HDFC Securities

Revenue rose by 22.69% to Rs. 608.35 Cr in Q4FY17 when compared to the previous quarter

AIA Engineering Ltd. is trading below all available SMAs

AIA Engineering Ltd.

26 May 2017

3171.60

2.16%

AIA Engineering (4QFY17): Driven down by strong FeCr. Maintain BUY

Buy: AIA Engineering Ltd.

Target

HDFC Securities

AIA Engineering (AIAE) numbers missed estimates (Adj. EBITDA: Rs 1.47bn vs est Rs 1.65bn, -13.2% YoY, -7.75 QoQ), driven by weaker volume growth in mining segment (29.6 kT, 3.4% YoY vs 9MFY17 growth of 34%).

AIA Engineering Ltd. has an average target of 4188.67 from 3 brokers.

AIA Engineering Ltd.

26 May 2017

3171.60

2.16%

AIA Engineering

Buy: AIA Engineering Ltd.

Target

ICICI Securities Limited

ICICI Securities Ltd | Retail Equity Research Revenues were at | 647.6 crore vs. our estimate of | 562.8 crore. Volumes at 58090 tonnes were ahead of our estimate of 54500 tonnes. However, mining segment delivered muted 3% YoY growth whereas majority of growth came in at cement & utility segment at...

Number of FII/FPI investors decreased from 255 to 240 in Mar 2025 qtr

AIA Engineering Ltd.

14 Feb 2017

3171.60

2.16%

AIA Engineering (3QFY17): Mining volume growth continues. Maintain BUY

Buy: AIA Engineering Ltd.

HDFC Securities

AIA Engineering (AIAE) delivered strong mining volume growth yet again (35.8 kT, 48.8% YoY), even as other segments (Cement, Power) chugged along (21.0 kT, 4.2% YoY). The volume growth ensured margins did not suffer (29.3%, -82 bps YoY, -83 bps QoQ) despite flattish realisations (Rs 100,890, -7.1% YoY, 1.9% QoQ) and a sharp surge in RM costs (up 3.6/21.6% YoY/QoQ on a per tonne basis).

Number of FII/FPI investors decreased from 255 to 240 in Mar 2025 qtr

AIA Engineering Ltd.

14 Feb 2017

3171.60

2.16%

AIA Engineering Ltd: Strong Volumes Mitigate Realisation Dro... (Feb 14, 2017)

Sell: AIA Engineering Ltd.

Karvy

Strong Volumes Mitigate Realisation Drop During 9MFY17: Volumes for 9MFY17 reached to 1,56,387 tonnes (mt) which is higher by 18.2%while the average realisation dropped by 10.9% to Rs.103/kg at consolidated level. Volumes from mining segment grew substantially by 34.4% to 96,899mt howevernon-mining segment constituting primarily of cement and power de-grew by 1.2% to 59,488mt. During Q3FY17, volumes grew by 28.4% on YoY basis to 56,846mt while average realisations dropped by 7.3% on YoY Basis. Mining volumes reachedto 35,854mt, higher by 48.8% and utilities volume grew by 4.1% to 20,992mt.

Number of FII/FPI investors decreased from 255 to 240 in Mar 2025 qtr

AIA Engineering Ltd.

14 Feb 2017

3171.60

2.16%

AIA Engineering

Buy: AIA Engineering Ltd.

Recommendation Target

ICICI Securities Limited

ICICI Securities Ltd | Retail Equity Research Revenues came in at | 590.1 crore vs. our estimate of | 541 crore. The key positive surprise was volume growth for Q3FY17 was at 56846 tonnes, up 28.5% YoY, compared to our estimate of 52485 tonnes. Coupled with this, mining segment volumes made a smart comeback with 48.9% YoY and 12.5% QoQ growth at 35854 tonnes while the cement and utility segment posted muted volume growth at 20991 tonnes. The company has guided for an incremental volume...

AIA Engineering Ltd. is trading below all available SMAs

AIA Engineering Ltd.

23 Jan 2017

3171.60

2.16%

AIA Engineering (Initiating Coverage): Cast to forge ahead. BUY

Buy: AIA Engineering Ltd.

HDFC Securities

AIA Engineering (AIA) is set to be one of the largest grinding media consumables companies globally. The increasing penetration of cast high chrome (HC) balls in an industry dominated by forged balls presents a unique opportunity. AIA is well placed to capitalize given its operational superiority over sector leaders and improving acceptance of its offerings by leading miners across diverse geographies.

AIA Engineering Ltd. is trading below all available SMAs

AIA Engineering Ltd.

09 Jan 2017

3171.60

2.16%

Broker's call

Business Line

CD EquisearchAIA Engg (Reduce)CMP: 1,275Target: 1,102 AIA Engineer's order book as on October 1, 201 per cent6, stood at 844 crore. In light of the company already clocking the revenues worth...

AIA Engineering Ltd. has an average target of 4188.67 from 3 brokers.

AIA Engineering Ltd.

04 Jan 2017, 12:00AM

3171.60

2.16%