AIAENG / Q4-FY26 / claim-ledger

Audit the questions that mattered.

AIA Engineering · Analyst questions, management answers, and the quality of the response where the ledger is available.

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PositiveQ4-FY26 · 2026-05-15Back to quarter ↗

Questions audited

11

Answered directly

68%

Numeric claims

2

Consistency

mixed

Question ledger

What was answered, and how?

Vun Jen · Dollar T

evasive

What sustainable volume will the mine conversion add annually?

it's too early for us to give you any clearcut idea about X volume Y volume... Volume growth will come should come. Let us wait for a while and let us see how it assimilates.

Vun Jen · Dollar T

direct

Is the customer a Chilean copper mine and are there sulfuric acid issues?

No no nothing nothing of the sort. See we are talking of a very large headroom... Some momentary sulfuric acid shortage doesn't affect us in any manner at all.

Vun Jen · Dollar T

direct

Why was Q4 tax rate low at 16%?

first Q4 was the final adjustment of the tax for the whole year minus already provided for... there is a 25 cr 30 cr tax lower than what it should.

Vun Jen · Dollar T

evasive

What is mill liner utilization and minimum volume growth guidance for FY27?

We are not giving any specific numbers about metal or composite... We will only talk about the overall volumes... Let us wait for a while.

Ankor Peral · Access Capital

partial

Have you received initial orders from the new customer given higher order book?

successful trial in one of their mines they have immediately also given us the order for the second mine conversion that's all I can share at this point

Ankor Peral · Access Capital

direct

What is capacity utilization in mining and grinding media?

Capacity utilization this year is about 55%. Overall... Casting production have gone up but still we have enough capacities to cater to the expected increasing volumes

Dwang Sha · Ant Financial

direct

Can operating profit margin sustain at 23% given China/Ghana slowdown?

No, no, that would be difficult to sustain... as a percentage can can come down in the range of 23 24. This is what you explained.

Dwang Sha · Ant Financial

direct

Will capacity utilization pressure continue?

at current 55% utilization I can go up to 70 75. So within the available capacities... we never face a capacity shortage.

Priyanka Biswas · JM Financial

evasive

What is the pipeline for large conversions over 2-3 years?

I can't today convert it into goals and you know outcomes... we really don't have an answer over there.

Rajakumar · RK Investment

direct

Is the new solution expertise from Vega Industries acquisition?

Vega is a history in terms of way back in 2001. It is nothing... It was not an acquisition in that sense.

Rajakumar · RK Investment

direct

Why did inventory increase 25% while production/sales flat?

100% of our stock is built against orders. There is the South American uh order that got you know introduced... it was a delayed invoicing and we just translated into little more stock.

Chiag Machala · Syndrome Broking

direct

How is miner mood for conversions given shipping uncertainties?

shipping cost... has now come down to a reasonably moderate level... the efficacy and the solution that we are talking about... is far far away from any of the commodity pricing worries.