HOT BUY OF THE WEEK FOR INVESTORS AIA ENGINEERING LTD Last Close: 322 AIA Engineering Ltd. engages in designing, developing, manufacturing, installing and servicing high chromium wear, corrosion, and abrasion resistant castings for use in the cement, mining and thermal power generation industries in India and overseas. It manufactures and supplies grinding tables and rolls for vertical mill applications; and grinding media and shell liners, as well as diaphragms, such as partition wall, discharge diaphragms, drying chamber diaphragms, and dopple rotator diaphragms for tube mill applications. The company also provides castings for pre heaters, kilns, and coolers; and wear parts for cone crushers, hammer crushers, impellor crushers, and vertical shaft impact crushers. In addition, it offers tube mill and rod mill internal products, including grinding media, inlet/outlet head liners, shell liners, and diaphragms; and wear components for quarrying applications. Further, the company provides vertical mill parts and high performance milling systems for the power generation industry; and various services to thermal plants comprising supervision of installation and commissioning, and technical services for mill optimization. Additionally, it offers alloys and wear components for iron, gold, lead/zinc, bauxite, copper, and phosphates. AIA Engineering Ltd. also offers mill audits; turnkey installation and commissioning projects; stock assessment and management services; and performance monitoring services. The company was founded in 1979 and is based in Ahmedabad. Company has equity of Rs.18.86crore while it has huge reserve of around Rs.1398.94crore and it has a book value of Rs.74.17 per share. Company’s net profit zoomed 21.59% to Rs.63.75crore in June Quarter against profit of Rs.52.43crore. It has shown EPS of Rs.6.75 in Q3FY13. Current level stock is available at forward P/E of just 12. This is regular dividend paying company and it has paid 150% dividend for FY12 & company has paid 150% dividend for FY13 .Investors can buy this stock with stop loss of Rs.275. On the upper side stock will zoom up to Rs.400-410 & 500 levels in medium to long term.
Posted on: Mon, 09 Sep 2013 07:17:28 +0000
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