Buy AIA Engineering, target price Rs 5130: JM Financial

JM Financial has buy call on AIA Engineering with a target price of Rs 5130. The current market price of AIA Engineering Ltd. is Rs 4524.45.

AIA Engineering Ltd., incorporated in the year 1991, is a Mid Cap company (having a market cap of Rs 43274.19 Crore) operating in Engineering sector.

AIA Engineering Ltd. key Products/Revenue Segments include Castings, Export Incentives and Other Operating Revenue for the year ending 31-Mar-2023.



Financials
For the quarter ended 30-06-2024, the company reported a Consolidated Total Income of Rs 1101.98 Crore, down -10.17 % from last quarter Total Income of Rs 1226.68 Crore and down -15.17 % from last year same quarter Total Income of Rs 1299.10 Crore. Company reported net profit after tax of Rs 257.97 Crore in latest quarter.

Promoter/FII Holdings
Promoters held 58.47 per cent stake in the company as of 30-Jun-2024, while FIIs owned 17.68 per cent, DIIs 20.93 per cent.