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CIE Automotive India Overview

Mahindra CIE Automotive Ltd manufactures and sells automobile additives to authentic equipment manufacturers and different customers in India and Europe. It offers forging products, which includes crankshafts, steerage additives, and different solid merchandise; stampings, along with frame systems, chassis systems, and assembly; gears, shafts, and transmission gears; axle and transmission elements, engine elements, and different products; magnetic merchandise, together with permanent magnet, soft ferrite cores, impeder cores, and magnetic induc...Read More

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CIE Automotive India Key Financials

Market Cap ₹18596 Cr.

Stock P/E 22.6

P/B 2.5

Current Price ₹490.2

Book Value ₹ 196.6

Face Value 10

52W High ₹525.9

Dividend Yield 1.43%

52W Low ₹ 382.2

CIE Automotive India Share Price

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Volume
Price

CIE Automotive India Quarterly Price

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CIE Automotive India Peer Comparison

CIE Automotive India Quarterly Results

#(Fig in Cr.) Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025
Net Sales 2279 2240 2427 2293 2135 2110 2273 2369 2372 2393
Other Income 20 27 51 31 24 34 36 22 19 24
Total Income 2299 2267 2478 2323 2159 2144 2309 2391 2391 2417
Total Expenditure 1934 1913 2066 1933 1804 1811 1937 2032 2016 2058
Operating Profit 365 354 412 391 355 333 372 359 375 358
Interest 31 30 22 21 17 18 13 2 4 9
Depreciation 78 78 86 84 80 81 86 87 89 96
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0 0
Profit Before Tax 256 245 304 286 258 234 273 270 282 254
Provision for Tax 69 68 74 70 65 55 67 68 69 54
Profit After Tax 187 177 230 216 193 179 206 202 213 200
Adjustments 188 -8 1 1 2 6 1 1 1 4
Profit After Adjustments 375 169 230 217 195 185 206 204 214 204
Adjusted Earnings Per Share 9.9 4.5 6.1 5.7 5.1 4.9 5.4 5.4 5.6 5.4

CIE Automotive India Profit & Loss

#(Fig in Cr.) Dec 2015 Dec 2016 Dec 2017 Dec 2018 Dec 2019 Dec 2020 Dec 2021 Dec 2022 Dec 2023 Dec 2024 Dec 2025 TTM
Net Sales 4001 5320 6428 8032 7908 6050 6765 8753 9280 8964 9406 9407
Other Income 29 31 27 39 33 55 47 58 82 140 101 101
Total Income 4029 5351 6455 8070 7941 6105 6812 8811 9362 9104 9508 9508
Total Expenditure 3638 4789 5614 6981 6940 5549 5823 7581 7856 7613 8044 8043
Operating Profit 392 563 841 1090 1001 557 989 1230 1506 1490 1464 1464
Interest 50 59 51 50 52 55 35 23 107 78 27 28
Depreciation 163 233 268 287 316 306 273 296 322 331 358 358
Exceptional Income / Expenses -78 -9 -7 0 -5 0 -13 38 0 0 0 0
Profit Before Tax 101 262 515 753 628 195 669 951 1076 1085 1081 1079
Provision for Tax 24 93 148 204 274 89 273 240 278 264 258 258
Profit After Tax 77 169 367 549 354 107 396 711 798 820 823 821
Adjustments 0 0 -8 -50 0 -0 -3 -848 328 7 5 7
Profit After Adjustments 77 169 358 498 354 106 393 -136 1125 828 828 828
Adjusted Earnings Per Share 2.4 4.5 9.5 13.1 9.3 2.8 10.4 -3.6 29.7 21.8 21.8 21.8

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 5% 2% 9% 9%
Operating Profit CAGR -2% 6% 21% 14%
PAT CAGR 0% 5% 50% 27%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR 19% 10% 26% 9%
ROE Average 12% 13% 12% 10%
ROCE Average 15% 17% 15% 12%

CIE Automotive India Balance Sheet

#(Fig in Cr.) Dec 2015 Dec 2016 Dec 2017 Dec 2018 Dec 2019 Dec 2020 Dec 2021 Dec 2022 Dec 2023 Dec 2024 Dec 2025
Shareholder's Funds 2007 3266 3716 4289 4634 4908 5197 5098 5988 6577 7459
Minority's Interest 0 0 0 0 0 0 0 0 0 0 0
Borrowings 752 933 1017 1173 826 937 652 119 101 422 186
Other Non-Current Liabilities 194 232 255 258 505 775 837 585 561 569 552
Total Current Liabilities 2048 2238 2348 2555 2584 2736 3130 3400 3103 2181 2539
Total Liabilities 5000 6668 7336 8328 8563 9364 9821 9920 9753 9749 10736
Fixed Assets 3293 4517 4750 4905 6044 6741 6587 5547 5810 5857 6200
Other Non-Current Assets 346 475 466 411 346 145 354 451 795 442 737
Total Current Assets 1362 1676 2120 2959 2159 2470 2875 2943 3147 3450 3798
Total Assets 5000 6668 7336 8328 8563 9364 9821 9920 9753 9749 10736

CIE Automotive India Cash Flow

#(Fig in Cr.) Dec 2015 Dec 2016 Dec 2017 Dec 2018 Dec 2019 Dec 2020 Dec 2021 Dec 2022 Dec 2023 Dec 2024 Dec 2025
Opening Cash & Cash Equivalents 89 50 98 72 125 159 239 165 158 210 301
Cash Flow from Operating Activities 680 304 512 708 1027 539 1051 1118 1383 881 1258
Cash Flow from Investing Activities -225 -831 -308 -1019 -590 -429 -755 -640 -910 -238 -785
Cash Flow from Financing Activities -494 575 -236 362 -404 -38 -363 -488 -427 -553 -526
Net Cash Inflow / Outflow -39 48 -32 51 33 72 -67 -9 46 90 -53
Closing Cash & Cash Equivalent 50 98 72 125 159 239 165 158 210 301 230

CIE Automotive India Ratios

# Dec 2015 Dec 2016 Dec 2017 Dec 2018 Dec 2019 Dec 2020 Dec 2021 Dec 2022 Dec 2023 Dec 2024 Dec 2025
Earnings Per Share (Rs) 2.37 4.47 9.47 13.15 9.34 2.81 10.36 -3.59 29.66 21.81 21.83
CEPS(Rs) 7.41 10.62 16.78 22.05 17.68 10.9 17.65 26.56 29.52 30.34 31.13
DPS(Rs) 0 0 0 0 0 0 2.5 2.5 5 7 7
Book NAV/Share(Rs) 62.02 86.19 97.91 113.06 122.16 129.4 137 134.4 157.84 173.36 196.62
Core EBITDA Margin(%) 9.08 9.61 12.39 13.09 12.24 8.29 13.92 13.39 15.34 15.07 14.48
EBIT Margin(%) 3.77 5.81 8.61 10 8.6 4.13 10.4 11.13 12.75 12.97 11.78
Pre Tax Margin(%) 2.51 4.74 7.84 9.37 7.94 3.23 9.89 10.87 11.59 12.1 11.5
PAT Margin (%) 1.92 3.06 5.58 6.83 4.47 1.76 5.85 8.13 8.59 9.15 8.75
Cash Profit Margin (%) 5.99 7.27 9.66 10.4 8.47 6.83 9.89 11.51 12.07 12.84 12.56
ROA(%) 1.56 2.9 5.24 7 4.19 1.19 4.13 7.21 8.11 8.41 8.04
ROE(%) 3.95 6.42 10.53 13.73 7.94 2.24 7.84 13.82 14.39 13.06 11.73
ROCE(%) 4.63 8.28 11.83 14.85 11.33 3.95 10.8 15.59 18.47 16.74 14.83
Receivable days 36.75 29.9 31.12 30.44 34.11 43.5 37.07 31.89 29.38 25.66 23.98
Inventory Days 64.04 51.34 50.69 50.41 52.74 62.22 63.52 53.36 46.67 45.88 43.08
Payable days 253.8 246.51 199.65 162.82 152.17 184.69 177.91 149.21 143.87 129.84 125.08
PER(x) 105.62 41.05 27.21 19.45 17.65 61.2 22.67 0 15.87 21.55 19.47
Price/Book(x) 4.04 2.13 2.63 2.26 1.35 1.33 1.72 2.56 2.98 2.71 2.16
Dividend Yield(%) 0 0 0 0 0 0 1.06 0.73 1.06 1.49 1.65
EV/Net Sales(x) 2.28 1.55 1.69 1.39 0.96 1.31 1.48 1.59 1.98 2.01 1.73
EV/Core EBITDA(x) 23.32 14.63 12.93 10.27 7.56 14.23 10.15 11.28 12.23 12.1 11.11
Net Sales Growth(%) -28.17 32.97 20.83 24.95 -1.54 -23.49 11.82 29.39 6.02 -3.41 4.94
EBIT Growth(%) 618.12 112.55 76.32 41.87 -15.29 -63.23 181.33 38.45 21.46 -1.77 -4.67
PAT Growth(%) 198.16 120.28 116.98 49.58 -35.5 -69.87 271.29 79.72 12.13 2.84 0.32
EPS Growth(%) 198.16 88.38 111.9 38.83 -29.01 -69.93 269.17 -134.64 926.2 -26.45 0.08
Debt/Equity(x) 0.54 0.43 0.32 0.38 0.32 0.34 0.25 0.18 0.13 0.08 0.05
Current Ratio(x) 0.67 0.75 0.9 1.16 0.84 0.9 0.92 0.87 1.01 1.58 1.5
Quick Ratio(x) 0.31 0.38 0.48 0.68 0.43 0.54 0.49 0.51 0.64 1.08 1.05
Interest Cover(x) 3 5.4 11.1 16 13.01 4.56 20.22 42.89 11.02 14.98 41.78
Total Debt/Mcap(x) 0.13 0.2 0.12 0.17 0.24 0.25 0.14 0.07 0.05 0.03 0.02

CIE Automotive India Shareholding Pattern

# Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
Promoter 65.7 65.7 65.7 65.7 65.7 65.7 65.7 65.7 65.7 65.7
FII 5.63 5.11 5.03 4.32 4.47 4.37 4.15 4.24 4.32 4.73
DII 16.01 18.16 19.49 20.38 20.76 20.95 21.54 21.56 21.68 21.37
Public 12.66 11.03 9.78 9.6 9.07 8.98 8.62 8.5 8.3 8.2
Others 0 0 0 0 0 0 0 0 0 0
Total 100 100 100 100 100 100 100 100 100 100

CIE Automotive India News

CIE Automotive India Pros & Cons

Pros

  • Company has delivered good profit growth of 50% CAGR over last 5 years
  • Debtor days have improved from 129.84 to 125.08days.
  • Company has reduced debt.
  • Company is almost debt free.

Cons

  • Company has a low return on equity of 13% over the last 3 years.
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