Bharat Forge Limited vs AIA Engineering Limited
An objective side-by-side of BHARATFORG and AIAENG, both in Castings & Forgings: valuation, profitability, growth, balance sheet, ownership and share-price performance. Where one number is clearly better on its own terms (lower P/E, higher ROE), it is shaded. That is a description, not a recommendation.
Prices as of 2026-09-21 close
Latest results: BHARATFORG Jun 2026 · AIAENG Jun 2026
At a glance
- Bharat Forge Limited is the larger company by market value, about 2.6 times the size of AIA Engineering Limited.
- On trailing earnings, AIA Engineering Limited trades at the lower P/E (29.1 against 131.6).
- AIA Engineering Limited earns the higher return on equity (15.8% against 7.5%).
- Over three years Bharat Forge Limited has grown profits faster (35% a year against 7%).
- Over the past year the share prices returned +59.1% (BHARATFORG) and +26.8% (AIAENG).
| Metric | Bharat Forge BHARATFORG |
AIA Engineering AIAENG |
|---|---|---|
| Size and price | ||
| Market cap | ₹94,131 Cr | ₹36,778 Cr |
| Share price | ₹1,969 | ₹3,941 |
| Valuation | ||
| P/E | 131.58 | 29.09 |
| P/B | 9.83 | 4.58 |
| EV/EBITDA | 34.29 | 29.24 |
| PEG | 3.76 | 4.16 |
| Dividend yield | 0.4% | 0.4% |
| Profitability | ||
| ROE | 7.5% | 15.8% |
| ROCE | 13.0% | 21.0% |
| Operating margin | 16.9% | 27.7% |
| Sales (TTM) | ₹17,543 Cr | ₹4,549 Cr |
| Net profit (TTM) | ₹715 Cr | ₹1,264 Cr |
| Growth | ||
| Latest quarter sales YoY | +18.7% | +12.4% |
| Latest quarter profit YoY | -131.7% | -1.4% |
| Sales CAGR 3Y | +9.0% | -3.0% |
| Profit CAGR 3Y | +35.0% | +7.0% |
| Sales CAGR 5Y | +22.0% | +9.0% |
| Profit CAGR 5Y | +40.0% | +19.0% |
| Financial strength | ||
| Debt/Equity | 0.76 | 0.00 |
| Interest cover | 6.04 | 31.66 |
| Ownership | ||
| Promoter holding | 44.1% | 58.5% |
| Promoter change (4 qtrs) | +0.00 pp | +0.00 pp |
| Price performance | ||
| Return 1M | -4.52% | -9.56% |
| Return 3M | -6.41% | -18.71% |
| Return 1Y | +59.14% | +26.76% |
| Return YTD | +33.90% | -1.90% |
| Technical condition | ||
| Technical score | 42 | 18 |
| RS rating (1-99) | 76.00 | 53.00 |
| % vs 200-DMA | +7.70% | -4.37% |
| RSI (14) | 45.45 | 34.24 |
| % from 52-week high | -14.21% | -23.92% |
