AIA ENGINEERING 2018-19 Annual Report Analysis

Helping You Build Wealth With Honest Research
Since 1996. Try Now

  • MyStocks

MEMBER'S LOGINX

     
Login Failure
   
     
   
     
 
 
 
(Please do not use this option on a public machine)
 
     
 
 
 
  Sign Up | Forgot Password?  

AIA ENGINEERING 2018-19 Annual Report Analysis
Tue, 17 Sep

AIA ENGINEERING has announced its results for the year ended March 2019. Let us have a look at the detailed performance review of the company during FY18-19.

AIA ENGINEERING Income Statement Analysis

  • Operating income during the year rose 25.5% on a year-on-year (YoY) basis.
  • The company's operating profit increased by 23.2% YoY during the fiscal. Operating profit margins witnessed a fall and stood at 21.5% in FY19 as against 21.9% in FY18.
  • Depreciation charges increased by 20.2% and finance costs increased by 8.9% YoY, respectively.
  • Other income declined by 0.8% YoY.
  • Net profit for the year grew by 15.3% YoY.
  • Net profit margins during the year declined from 17.3% in FY18 to 16.0% in FY19.

AIA ENGINEERING Income Statement 2018-19

No. of Mths Year Ending 12 Mar-18* 12 Mar-19* % Change
Net Sales Rs m 24,451 30,695 25.5%
Other income Rs m 1,218 1,209 -0.8%
Total Revenues Rs m 25,670 31,904 24.3%
Gross profit Rs m 5,357 6,599 23.2%
Depreciation Rs m 656 789 20.2%
Interest Rs m 69 76 8.9%
Profit before tax Rs m 5,850 6,944 18.7%
Tax Rs m 1,414 1,830 29.4%
Profit after tax Rs m 4,436 5,114 15.3%
Gross profit margin % 21.9 21.5
Effective tax rate % 24.2 26.3
Net profit margin % 17.3 16.0
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Company Reports, Regulatory Filings, Equitymaster



AIA ENGINEERING Balance Sheet Analysis

  • The company's current liabilities during FY19 down at Rs 4 billion as compared to Rs 5 billion in FY18, thereby witnessing an decrease of -13.0%.
  • Long-term debt stood at Rs 150 million as compared to Rs 2 million during FY18, a growth of 7400.0%.
  • Current assets rose 13% and stood at Rs 31 billion, while fixed assets rose 18% and stood at Rs 9 billion in FY19.
  • Overall, the total assets and liabilities for FY19 stood at Rs 40 billion as against Rs 36 billion during FY18, thereby witnessing a growth of 13%.

AIA ENGINEERING Balance Sheet as on March 2019

No. of Mths Year Ending 12 Mar-18* 12 Mar-19* % Change
Networth Rs m 30,093 35,137 16.8
 
Current Liabilities Rs m 4,581 3,986 -13.0
Long-term Debt Rs m 2 150 7,400.0
Total Liabilities Rs m 35,585 40,328 13.3
 
Current assets Rs m 26,971 30,569 13.3
Fixed Assets Rs m 7,679 9,045 17.8
Total Assets Rs m 35,585 40,328 13.3
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Company Reports, Regulatory Filings, Equitymaster



AIA ENGINEERING Cash Flow Statement Analysis

  • AIA ENGINEERING's cash flow from operating activities (CFO) during FY19 stood at Rs 2 billion on a YoY basis.
  • Cash flow from investing activities (CFI) during FY19 stood at Rs -2 billion on a YoY basis.
  • Cash flow from financial activities (CFF) during FY19 stood at Rs -15 million, an improvement of 99% on a YoY basis.
  • Overall, net cash flows for the company during FY19 stood at Rs 272 million from the Rs -604 million net cash flows seen during FY18.

AIA ENGINEERING Cash Flow Statement 2018-19

Particulars No. of months 12 12 % Change
Year Ending Mar-18 Mar-19
Cash Flow from Operating Activities Rs m 2,942 1,996 -32.1%
Cash Flow from Investing Activities Rs m -2,050 -1,714 -
Cash Flow from Financing Activities Rs m -1,583 -15 -
Net Cash Flow Rs m -604 272 -
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Company Reports, Regulatory Filings, Equitymaster



Current Valuations for AIA ENGINEERING

  • The trailing twelve-month earnings per share (EPS) of the company stands at Rs 54.2, an improvement from the EPS of Rs 47.0 recorded last year.
  • The price to earnings (P/E) ratio, at the current price of Rs 1,626.0, stands at 28.1 times its trailing twelve months earnings.
  • The price to book value (P/BV) ratio at current price levels stands at 4.6 times, while the price to sales ratio stands at 5.2 times.
  • The company's price to cash flow (P/CF) ratio stood at 26.0 times its end-of-year operating cash flow earnings.

Per Share Data/Valuations

No. of Mths Year Ending 12 Mar-18* 12 Mar-19*
Sales per share (Unadj.) Rs 259.2 325.4
TTM Earnings per share Rs 47.0 54.2
Diluted earnings per share Rs 47.0 54.2
Price to Cash Flow x 30.1 26.0
TTM P/E ratio x 28.1 28.1
Price / Book Value ratio x 4.7 4.6
Market Cap Rs m 153,364 153,364
Dividends per share (Unadj.) Rs 8.0 9.0
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Company Reports, Regulatory Filings, Equitymaster



Ratio Analysis for AIA ENGINEERING

  • Solvency Ratios
  • Current Ratio: The company's current ratio improved and stood at 7.7x during FY19, from 5.9x during FY18. The current ratio measures the company's ability to pay short-term and long-term obligations.

    Interest Coverage Ratio: The company's interest coverage ratio improved and stood at 93.0x during FY19, from 85.4x during FY18. The interest coverage ratio of a company states how easily a company can pay its interest expense on outstanding debt. A higher ratio is preferable.

  • Profitability Ratios
  • Return on Equity (ROE): The ROE for the company declined and down at 14.6% during FY19, from 14.7% during FY19. The ROE measures the ability of a firm to generate profits from its shareholders capital in the company.

    Return on Capital Employed (ROCE): The ROCE for the company improved and stood at 19.9% during FY19, from 19.7% during FY18. The ROCE measures the ability of a firm to generate profits from its total capital (shareholder capital plus debt capital) employed in the company.

    Return on Assets (ROA): The ROA of the company improved and stood at 12.9% during FY19, from 12.7% during FY18. The ROA measures how efficiently the company uses its assets to generate earnings.

Key Ratio Analysis

No. of Mths Year Ending 12 Mar-18* 12 Mar-19*
Current ratio x 5.9 7.7
Debtors’ Days Days 90 84
Interest coverage x 85.4 93.0
Debt to equity ratio x 0.0 0.0
Return on assets % 12.7 12.9
Return on equity % 14.7 14.6
Return on capital employed % 19.7 19.9
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Company Reports, Regulatory Filings, Equitymaster



To see how AIA ENGINEERING has performed over the last 5 years, please visit here.

AIA ENGINEERING Share Price Performance

Over the last one year, AIA ENGINEERING share price has moved down from Rs 1,758.6 to Rs 1,626.0, registering a loss of Rs 132.6 or around 7.5%.

Meanwhile, the S&P BSE CAPITAL GOODS Index is trading at Rs 17,261.5 (down 0.2%). Over the last one year it has moved down from 18,429.3 to 17,261.5, a loss of 1,168 points (down 6.3%).

Overall, the S&P BSE SENSEX is down 1.5% over the year.

(To know more, check out historical annual results for AIA ENGINEERING and quarterly results for AIA ENGINEERING)

Equitymaster requests your view! Post a comment on "AIA ENGINEERING 2018-19 Annual Report Analysis". Click here!

  

Related Views on News

AIA ENGINEERING Announces Quarterly Results (3QFY20); Net Profit Up 21.0% (Quarterly Result Update)

Feb 3, 2020 | Updated on Feb 3, 2020

For the quarter ended December 2019, AIA ENGINEERING has posted a net profit of Rs 2 bn (up 21.0% YoY). Sales on the other hand came in at Rs 7 bn (down 4.5% YoY). Read on for a complete analysis of AIA ENGINEERING's quarterly results.

AIA ENGINEERING Announces Quarterly Results (1QFY20); Net Profit Up 33.1% (Quarterly Result Update)

Aug 16, 2019 | Updated on Aug 16, 2019

For the quarter ended June 2019, AIA ENGINEERING has posted a net profit of Rs 1 bn (up 33.1% YoY). Sales on the other hand came in at Rs 7 bn (up 2.5% YoY). Read on for a complete analysis of AIA ENGINEERING's quarterly results.

Garden Reach Shipbuilders and Engineers Ltd: Is This PSU Shipbuilder Worth Betting On? (IPO)

Sep 24, 2018

Should you apply for the IPO of Garden Reach Shipbuilders and Engineers Ltd?

More Views on News

Most Popular

6 Charts Showing the State of Indian Financial Markets in 2020(Sector Info)

May 26, 2020

Six charts showing how Indian financial markets have performed in 2020 so far...

This 'Essential Product' Smallcap is a Must Have for a 'Covid-19' Immune Portfolio(Profit Hunter)

May 19, 2020

This smallcap company needs no stimulus measures to do well in the long term.

What the RBI's Rate Cut Means for Options Traders(Fast Profits Daily)

May 25, 2020

The RBI governor has cut the repo rate to 4%. What does this mean for options traders? Find out in this video.

Which Stocks Should You Buy, Sell, and Hold in the Market Today?(Profit Hunter)

May 21, 2020

The coronavirus led uncertainty refuses to go away from the markets. Here's what retail investors should do with their stocks...

More

India's #1 Trader
Reveals His Secrets

The Secret to Increasing Your Trading Profits Today
Get this Special Report, The Secret to Increasing Your Trading Profits Today, Now!
We will never sell or rent your email id.
Please read our Terms

TRACK AIA ENGINEERING

  • Track your investment in AIA ENGINEERING with Equitymaster's Portfolio Tracker. Set live price alerts, get research alerts and more. Get access now...
  • Add To MyStocks

MORE ON AIA ENGINEERING

AIA ENGINEERING 8-QTR ANALYSIS

COMPARE AIA ENGINEERING WITH

MARKET STATS