Experienced management and established track record of operations
AEIPL has an operational track record of over a decade in manufacturing stainless steel and carbon steel equipments. The company is promoted by its directors Mr. Abbasali Abdulgani Choudhary, Mr. Mohammad Abdulgani Choudhary and Mr. Mahiboobali Abdulgani Choudhary. The directors possess an extensive experience of over two decades in the steel industry and are supported by its team of experienced professionals in managing day to day operations of AEIPL. The extensive experience of the management has enabled AEIPL to establish a healthy relationship with its customers and suppliers.

Moderate financial risk profile
AEIPL has a moderate financial risk profile marked by moderate net worth, high gearing and modest debt protection metrics. The tangible net-worth of the company stood at Rs. 14.31 crore as on 31 March 2025 (Prov.) as against Rs. 8.95 crore as on 31 March 2024. The net worth improved on account of equity infusion of Rs. 5.03 crore on account of fresh issue of 50,35,000 shares during the year. The gearing level of the company stood at 2.26 times as on 31 March 2025 (Prov.) as against 3.88 times as on 31 March 2024. The total debt of the company stood at Rs. 32.34 crore as on 31 March 2025 (Prov.). The coverage ratios of the company stood improved with Interest Coverage Ratio (ICR) of 2.18 times in FY25 (Prov.) compared against 3.10 times in FY24.

Instance of delay in servicing of debt obligation
Instances of delays in debt-servicing have been reported in the month of October 2025 in unrated facility as per the Credit Bureau Information report (CRIF) of the company.

Decline in Revenue and Profitability
AEIPL recorded a decline in the operating income of Rs. 38.67 crore during FY25 (Prov.) as compared against Rs. 48.00 crore in FY24 on account of decline in execution of orders received over the last two years towards manufacturing of various equipment’s for its clienteles across various sectors such as defence, mining, chemical, food and beverages amongst others. Despite the decline in the revenue for FY25 (Prov.), the operating margins of the company stood improved during the same period. The operating margin of the company stood at 22.06 per cent in FY25 (Prov.) compared against 15.20 per cent in FY24 while the net profit margin of the company declined and stood at 0.84 per cent in FY25 (Prov.) compared against 1.71 per cent in FY24.

Intensive Working Capital Operations
AEIPL is having an intensive working capital management as evident from Gross Current Asset (GCA) Days of 204 Days in FY25 (Prov.) compared against 168 Days in FY24. The inventory cycle of the company stood elongated at 205 days for FY2025 (Prov.) as against 120 days for FY2024. The debtor days stood at 29 days for FY2025 (Prov.) as against 48 days for FY2024. The creditor days stood at 137 Days for FY2025 (Prov.) as against 96 Days for FY2024. The average utilization of the bank limits of the company remains high at ~99.33 percent for a period of six month ended August 2025.