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 2026-11-05 close
Latest results: BHARATFORG Sep 2026 · AIAENG Sep 2026
At a glance
- Bharat Forge Limited is the larger company by market value, about 2.9 times the size of AIA Engineering Limited.
- On trailing earnings, AIA Engineering Limited trades at the lower P/E (24.2 against 123.3).
- AIA Engineering Limited earns the higher return on equity (14.7% against 6.0%).
- Over three years Bharat Forge Limited has grown profits faster (35% a year against 7%).
- Over the past year the share prices returned +33.1% (BHARATFORG) and -2.8% (AIAENG).
| Metric | Bharat Forge BHARATFORG |
AIA Engineering AIAENG |
|---|---|---|
| Size and price | ||
| Market cap | ₹85,664 Cr | ₹29,883 Cr |
| Share price | ₹1,753.00 | ₹3,202.20 |
| Valuation | ||
| P/E | 123.29 | 24.17 |
| P/B | 7.45 | 3.54 |
| EV/EBITDA | 31.16 | 24.10 |
| PEG | 3.52 | 3.45 |
| Dividend yield | 0.5% | 0.5% |
| Profitability | ||
| ROE | 6.0% | 14.7% |
| ROCE | 13.0% | 21.0% |
| Operating margin | 16.3% | 27.0% |
| Sales (TTM) | ₹18,381 Cr | ₹4,614 Cr |
| Net profit (TTM) | ₹695 Cr | ₹1,236 Cr |
| Growth | ||
| Latest quarter sales YoY | +20.8% | +6.2% |
| Latest quarter profit YoY | -6.9% | -10.1% |
| 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 | 0.68 | 0.01 |
| Interest cover | 6.04 | 31.66 |
| Ownership | ||
| Promoter holding | 43.1% | 58.5% |
| Promoter change (4 qtrs) | -0.95 pp | +0.00 pp |
| Price performance | ||
| Return 1M | -6.76% | -18.20% |
| Return 3M | -20.21% | -31.09% |
| Return 1Y | +33.09% | -2.84% |
| Return YTD | +19.22% | -20.29% |
| Technical condition | ||
| Technical score | 26 | 4 |
| RS rating (1-99) | 65.00 | 20.00 |
| % vs 200-DMA | -7.27% | -21.76% |
| RSI (14) | 41.69 | 18.95 |
| % from 52-week high | -23.62% | -38.18% |
