CIE Automotive India

₹480.2 -2.1 | 0.4%

WEBSITE BSE:532756 NSE : CIEINDIA 10 May, 16:01

Market Cap ₹18217 Cr.

Stock P/E 16.9

P/B 2.9

Current Price ₹480.2

Book Value ₹ 163.9

Face Value 10

52W High ₹578.1

Dividend Yield 1.04%

52W Low ₹ 401

Edit Ratio

CIE Automotive India Research see more...

Overview Inc. Year: 1999Industry: Forgings

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 induction lightings; sheet and dough molding compounds; and car parts, scientific equipment covers, and windmill components. The organization also provides oil sumps, turbo housings, exhaust manifolds, passive entry antenna additives, synchro hubs, and planetary providers; differential and service housing products; knuckles/stub axles, brake calipers, spring saddles, hoods, fenders, bonnets, foot plates, front grills, and stamped cabin additives; and lift arms, rocker arms, trunion brackets, and toppling cranks. It offers its merchandise for use in motors, utility cars, business cars, tractors, off road vehicles, and two-wheelers. The organization previously called Mahindra Forgings Ltd and changed its name to Mahindra CIE Automotive Ltd in November 2013. The organization become incorporated in 1999 and is based in Mumbai, India. Mahindra CIE Automotive Ltd is a subsidiary of Participaciones Internacionales Autometal Dos S.L.

CIE Automotive India Share Price

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CIE Automotive India Quarterly Results

#(Fig in Cr.)	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Net Sales	1669	2061	2216	2229	2247	2440	2320	2279	2240	2427
Other Income	16	11	10	13	24	16	20	20	27	51
Total Income	1686	2072	2226	2243	2271	2456	2340	2299	2267	2478
Total Expenditure	1489	1780	1910	1936	1954	2060	1950	1934	1913	2066
Operating Profit	197	291	316	307	317	397	390	365	354	412
Interest	9	4	0	11	8	24	22	31	30	22
Depreciation	66	72	75	73	77	83	83	78	78	86
Exceptional Income / Expenses	-13	0	0	0	38	0	0	0	0	0
Profit Before Tax	109	215	241	223	270	290	285	256	245	304
Provision for Tax	33	52	57	56	76	70	71	69	68	74
Profit After Tax	76	164	183	167	194	220	214	187	177	230
Adjustments	4	-2	5	4	-852	59	88	188	-8	1
Profit After Adjustments	80	161	189	171	-658	279	302	375	169	230
Adjusted Earnings Per Share	2.1	4.3	5	4.5	-17.3	7.4	8	9.9	4.5	6.1

CIE Automotive India Profit & Loss

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	TTM
Net Sales	2216	2591	5570	3865	5320	6428	8032	7908	6050	6765	8753	9266
Other Income	5	13	43	29	31	27	39	33	55	47	58	118
Total Income	2222	2604	5613	3894	5351	6455	8070	7941	6105	6812	8811	9384
Total Expenditure	2175	2482	5128	3502	4789	5614	6981	6940	5549	5823	7581	7863
Operating Profit	47	122	485	392	563	841	1090	1001	557	989	1230	1521
Interest	49	63	121	50	59	51	50	52	55	35	23	105
Depreciation	110	120	238	163	233	268	287	316	306	273	296	325
Exceptional Income / Expenses	-1	-8	-226	-78	-9	-7	0	-5	0	-13	38	0
Profit Before Tax	-114	-70	-100	101	262	515	753	628	195	669	951	1090
Provision for Tax	-0	12	-22	24	93	148	204	274	89	273	240	282
Profit After Tax	-114	-81	-78	77	169	367	549	354	107	396	711	808
Adjustments	0	0	0	0	0	-8	-50	0	-0	-3	-848	269
Profit After Adjustments	-114	-81	-78	77	169	358	498	354	106	393	-136	1076
Adjusted Earnings Per Share	-12.4	-8.8	-2.4	2.4	4.5	9.5	13.1	9.3	2.8	10.4	-3.6	28.5

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	29%	3%	6%	15%
Operating Profit CAGR	24%	7%	8%	39%
PAT CAGR	80%	26%	14%	0%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	13%	39%	17%	16%
ROE Average	14%	8%	9%	3%
ROCE Average	16%	10%	11%	7%

CIE Automotive India Balance Sheet

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022
Shareholder's Funds	754	656	1887	2007	3266	3716	4289	4634	4908	5197	5099
Minority's Interest	0	0	16	0	0	0	0	0	0	0	0
Borrowings	269	316	1423	752	933	1017	1173	826	937	652	119
Other Non-Current Liabilities	107	129	144	194	232	255	258	505	775	837	585
Total Current Liabilities	757	850	1384	2048	2238	2348	2555	2584	2736	3130	3400
Total Liabilities	1887	1951	4853	5000	6668	7336	8328	8563	9364	9821	9920
Fixed Assets	1159	1211	3124	3293	4517	4750	4905	6044	6741	6587	5547
Other Non-Current Assets	60	41	349	346	475	466	411	346	145	354	451
Total Current Assets	668	699	1381	1362	1676	2120	2959	2159	2470	2875	2944
Total Assets	1887	1951	4853	5000	6668	7336	8328	8563	9364	9821	9920

CIE Automotive India Cash Flow

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022
Opening Cash & Cash Equivalents	17	37	44	89	50	98	72	125	159	239	165
Cash Flow from Operating Activities	102	211	322	680	304	512	708	1027	539	1051	1118
Cash Flow from Investing Activities	-102	-88	-184	-225	-831	-308	-1019	-590	-429	-755	-640
Cash Flow from Financing Activities	19	-116	-294	-494	575	-236	362	-404	-38	-363	-488
Net Cash Inflow / Outflow	19	7	-155	-39	48	-32	51	33	72	-67	-9
Closing Cash & Cash Equivalent	37	44	89	50	98	72	125	159	239	165	158

CIE Automotive India Ratios

#	Mar 2013	Mar 2014	Mar 2015	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022
Earnings Per Share (Rs)	-12.36	-8.83	-2.42	2.37	4.47	9.47	13.15	9.34	2.81	10.36	-3.59
CEPS(Rs)	-0.39	4.17	4.93	7.41	10.62	16.78	22.05	17.68	10.9	17.65	26.56
DPS(Rs)	0	0	0	0	0	0	0	0	0	2.5	2.5
Book NAV/Share(Rs)	81.14	70.46	58.32	62.02	86.19	97.91	113.06	122.16	129.4	137	134.41
Core EBITDA Margin(%)	1.82	4.13	7.69	9.08	9.61	12.39	13.09	12.24	8.29	13.92	13.39
EBIT Margin(%)	-2.85	-0.26	0.37	3.77	5.81	8.61	10	8.6	4.13	10.4	11.13
Pre Tax Margin(%)	-5.03	-2.64	-1.74	2.51	4.74	7.84	9.37	7.94	3.23	9.89	10.87
PAT Margin (%)	-5.02	-3.09	-1.36	1.92	3.06	5.58	6.83	4.47	1.76	5.85	8.13
Cash Profit Margin (%)	-0.16	1.46	2.77	5.99	7.27	9.66	10.4	8.47	6.83	9.89	11.51
ROA(%)	-5.91	-4.25	-2.3	1.56	2.9	5.24	7	4.19	1.19	4.13	7.21
ROE(%)	-14.12	-11.65	-6.17	3.95	6.42	10.53	13.73	7.94	2.24	7.84	13.82
ROCE(%)	-4.44	-0.48	0.87	4.63	8.28	11.83	14.85	11.33	3.95	10.8	15.59
Receivable days	45.1	29.61	18.53	36.75	29.9	31.12	30.44	34.11	43.5	37.07	31.89
Inventory Days	54.86	46.42	33.45	64.04	51.34	50.69	50.41	52.74	62.22	63.52	53.36
Payable days	97.24	83.59	91.8	253.8	246.51	199.65	162.82	152.17	184.69	177.91	149.22
PER(x)	0	0	0	105.62	41.05	27.21	19.45	17.65	61.2	22.67	0
Price/Book(x)	0.46	1.06	3.71	4.04	2.13	2.63	2.26	1.35	1.33	1.72	2.56
Dividend Yield(%)	0	0	0	0	0	0	0	0	0	1.06	0.73
EV/Net Sales(x)	0.45	0.53	1.52	2.36	1.55	1.69	1.39	0.96	1.31	1.48	1.59
EV/Core EBITDA(x)	21.18	11.36	17.43	23.32	14.63	12.93	10.27	7.56	14.23	10.15	11.28
Net Sales Growth(%)	-9.17	16.89	114.99	-30.6	37.63	20.83	24.95	-1.54	-23.49	11.82	29.38
EBIT Growth(%)	-166.21	89.51	409.72	618.12	112.55	76.32	41.87	-15.29	-63.23	181.33	38.45
PAT Growth(%)	-322.65	28.48	4.09	198.16	120.28	116.98	49.58	-35.5	-69.87	271.29	79.71
EPS Growth(%)	-322.64	28.61	72.61	198.16	88.38	111.9	38.83	-29.01	-69.93	269.17	-134.65
Debt/Equity(x)	0.91	1.13	0.82	0.54	0.43	0.32	0.38	0.32	0.34	0.25	0.18
Current Ratio(x)	0.88	0.82	1	0.67	0.75	0.9	1.16	0.84	0.9	0.92	0.87
Quick Ratio(x)	0.48	0.39	0.5	0.31	0.38	0.48	0.68	0.43	0.54	0.49	0.51
Interest Cover(x)	-1.31	-0.11	0.17	3	5.4	11.1	16	13.01	4.56	20.22	42.91
Total Debt/Mcap(x)	1.99	1.06	0.22	0.13	0.2	0.12	0.17	0.24	0.25	0.14	0.07

CIE Automotive India Shareholding Pattern

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	72.19	72.17	74.87	74.96	74.96	68.89	65.7	65.7	65.7	65.7
FII	10.36	10.66	6.85	7.26	7.29	8.61	7.54	6.61	5.63	5.11
DII	7.77	7.38	8.1	7.67	7.47	11.22	14.78	15.43	16.01	18.16
Public	9.68	9.78	10.17	10.1	10.28	11.27	11.98	12.26	12.66	11.03
Others	0	0	0	0	0	0	0	0	0	0
Total	100	100	100	100	100	100	100	100	100	100

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	27.36	27.36	28.39	28.43	28.43	26.14	24.92	24.92	24.92	24.92
FII	3.93	4.04	2.6	2.76	2.76	3.27	2.86	2.51	2.13	1.94
DII	2.95	2.8	3.07	2.91	2.83	4.26	5.61	5.85	6.07	6.89
Public	3.67	3.71	3.86	3.83	3.9	4.28	4.55	4.65	4.8	4.18
Others	0	0	0	0	0	0	0	0	0	0
Total	37.91	37.91	37.91	37.93	37.93	37.94	37.94	37.94	37.94	37.94

Pros

Debtor days have improved from 177.91 to 149.22days.
Company has reduced debt.
Company is almost debt free.

Cons

Company has a low return on equity of 8% over the last 3 years.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

CIE Automotive India News

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CIE Automotive India

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CIE Automotive India Research see more...

Overview Inc. Year: 1999Industry: Forgings

CIE Automotive India Share Price

Alert Data

Quarterly Price

Peer Comparison

CIE Automotive India Quarterly Results

CIE Automotive India Profit & Loss

Growth Rates

CIE Automotive India Balance Sheet

CIE Automotive India Cash Flow

CIE Automotive India Ratios

CIE Automotive India Shareholding Pattern

CIE Automotive India News

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