CIE Automotive India

₹472.7 -7.9 | 1.6%

WEBSITE BSE:532756 NSE : CIEINDIA 26 Dec, 16:01

Market Cap ₹17932 Cr.

Stock P/E 22.5

P/B 3.4

Current Price ₹472.7

Book Value ₹ 137.5

Face Value 10

52W High ₹628.5

Dividend Yield 1.06%

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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Peer Comparison

CIE Automotive India Quarterly Results

#(Fig in Cr.)	Dec 2016	Mar 2017	Jun 2017	Sep 2017	Dec 2017
Net Sales	448	513	504	536	561
Other Income	5	2	4	3	3
Total Income	453	515	508	539	564
Total Expenditure	414	469	461	478	502
Operating Profit	39	47	47	62	62
Interest	4	3	2	3	3
Depreciation	18	17	18	20	23
Exceptional Income / Expenses	0	0	0	0	-7
Profit Before Tax	17	26	27	39	29
Provision for Tax	6	10	9	14	14
Profit After Tax	11	17	18	24	15
Adjustments	-11	-17	-18	-24	-15
Profit After Adjustments	0	0	0	0	0
Adjusted Earnings Per Share	0.3	0.4	0.5	0.6	0.4

CIE Automotive India Profit & Loss

#(Fig in Cr.)	Mar 2014	Mar 2015	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	TTM
Net Sales	387	1643	1204	1611	1961	3146	2895	2145	3291	4398	4570	2114
Other Income	6	20	6	21	12	26	33	20	18	121	150	12
Total Income	393	1662	1209	1632	1973	3172	2927	2165	3308	4518	4720	2126
Total Expenditure	334	1508	1102	1464	1765	2724	2549	1943	2862	3776	3857	1910
Operating Profit	59	155	107	168	208	449	378	222	446	742	863	218
Interest	4	16	3	9	11	7	14	12	12	13	11	11
Depreciation	28	69	54	71	76	102	113	108	119	133	136	78
Exceptional Income / Expenses	0	0	0	-9	-7	-129	12	0	-13	38	0	-7
Profit Before Tax	27	70	50	79	115	212	264	102	302	633	717	121
Provision for Tax	9	-7	19	27	46	118	91	28	192	121	154	47
Profit After Tax	18	78	31	52	69	94	172	74	110	512	562	74
Adjustments	0	0	0	0	0	0	0	0	0	0	0	-74
Profit After Adjustments	18	78	31	52	69	94	172	74	110	512	562	0
Adjusted Earnings Per Share	1.9	2.4	1	1.4	1.8	2.5	4.5	2	2.9	13.5	14.8	1.9

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	4%	29%	8%	28%
Operating Profit CAGR	16%	57%	14%	31%
PAT CAGR	10%	97%	43%	41%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	-0%	28%	23%	9%
ROE Average	12%	9%	7%	4%
ROCE Average	15%	12%	9%	6%

CIE Automotive India Balance Sheet

#(Fig in Cr.)	Mar 2014	Mar 2015	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023
Shareholder's Funds	932	2309	2344	3464	3500	3697	3872	3945	4050	4471	4940
Minority's Interest	0	0	0	0	0	0	0	0	0	0	0
Borrowings	15	22	0	0	0	0	0	0	0	0	0
Other Non-Current Liabilities	6	46	85	80	73	173	219	268	397	381	377
Total Current Liabilities	157	358	343	473	520	669	657	798	981	990	922
Total Liabilities	1110	2735	2772	4017	4093	4539	4748	5012	5429	5842	6239
Fixed Assets	174	521	529	511	611	1906	2018	2122	2208	2257	2317
Other Non-Current Assets	776	1721	1659	3018	2860	930	1757	1758	1772	1871	1926
Total Current Assets	160	493	585	488	621	1703	973	1132	1449	1714	1996
Total Assets	1110	2735	2772	4017	4093	4539	4748	5012	5429	5842	6239

CIE Automotive India Cash Flow

#(Fig in Cr.)	Mar 2014	Mar 2015	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023
Opening Cash & Cash Equivalents	1	5	6	25	13	23	37	37	67	35	37
Cash Flow from Operating Activities	44	117	97	136	152	215	397	309	275	478	695
Cash Flow from Investing Activities	-80	-52	-66	-709	-78	-207	-398	-253	-375	-304	-427
Cash Flow from Financing Activities	41	-89	-11	560	-63	5	0	-26	68	-172	-164
Net Cash Inflow / Outflow	4	-25	20	-13	11	13	-1	30	-32	2	104
Closing Cash & Cash Equivalent	5	18	25	13	23	37	37	67	36	37	141

CIE Automotive India Ratios

#	Mar 2014	Mar 2015	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023
Earnings Per Share (Rs)	1.95	2.4	0.97	1.36	1.83	2.48	4.55	1.95	2.91	13.5	14.82
CEPS(Rs)	5.01	4.54	2.63	3.24	3.84	5.17	7.52	4.81	6.06	17.01	18.4
DPS(Rs)	0	0	0	0	0	0	0	0	2.5	2.5	5
Book NAV/Share(Rs)	100.29	71.39	72.46	91.41	92.2	97.43	102.05	103.99	106.76	117.86	130.22
Core EBITDA Margin(%)	12.13	7.44	7.6	8.22	9.51	13.44	11.93	9.42	13.02	14.13	15.6
EBIT Margin(%)	7.08	4.74	4	4.89	6.09	6.94	9.58	5.29	9.54	14.71	15.92
Pre Tax Margin(%)	6.19	3.88	3.75	4.41	5.56	6.73	9.11	4.73	9.17	14.4	15.68
PAT Margin (%)	4.16	4.29	2.35	2.88	3.36	2.98	5.95	3.45	3.35	11.64	12.31
Cash Profit Margin (%)	10.71	8.1	6.4	6.85	7.04	6.23	9.85	8.5	6.98	14.67	15.28
ROA(%)	1.68	4.04	1.14	1.52	1.71	2.18	3.71	1.52	2.11	9.09	9.31
ROE(%)	1.97	4.81	1.35	1.78	2	2.62	4.56	1.9	2.76	12.02	11.95
ROCE(%)	3.15	5.09	2.25	2.93	3.49	5.91	7.15	2.83	7.59	14.66	15.15
Receivable days	38.6	28.24	63.21	48.32	50.61	50.56	67.07	79.18	47.54	42.4	41.35
Inventory Days	38.48	19.85	41.66	29.91	27.81	32.27	41.89	51.97	43.76	39.92	38.7
Payable days	133.13	53.73	106.87	92.97	97.1	80.52	95.83	140.77	100.29	78.8	80.05
PER(x)	38.38	89.97	258.8	134.72	140.74	103.17	36.24	87.99	80.77	25.47	31.75
Price/Book(x)	0.74	3.03	3.46	2.01	2.8	2.62	1.61	1.65	2.2	2.92	3.61
Dividend Yield(%)	0	0	0	0	0	0	0	0	1.06	0.73	1.06
EV/Net Sales(x)	1.97	4.28	6.73	4.38	5.01	3.09	2.18	3.05	2.75	2.98	3.89
EV/Core EBITDA(x)	12.91	45.44	75.64	42.17	47.2	21.69	16.68	29.47	20.3	17.67	20.58
Net Sales Growth(%)	-12.22	324.93	-26.73	33.88	21.68	60.46	-8	-25.9	53.42	33.65	3.91
EBIT Growth(%)	-29.46	180.6	-37.98	64.47	43.54	73.81	26.98	-59.09	176.9	106.02	12.46
PAT Growth(%)	-56.03	332.22	-59.69	64.48	34.56	35.5	83.49	-57.05	49.05	364.27	9.81
EPS Growth(%)	-56.11	23.57	-59.73	40.67	34.45	35.36	83.4	-57.05	49.01	364.01	9.8
Debt/Equity(x)	0.08	0.02	0.01	0.04	0.03	0.02	0.03	0.02	0.05	0.03	0.01
Current Ratio(x)	1.02	1.38	1.71	1.03	1.19	2.55	1.48	1.42	1.48	1.73	2.17
Quick Ratio(x)	0.73	0.95	1.26	0.73	0.86	1.97	1.05	1	1.01	1.22	1.66
Interest Cover(x)	8.02	5.53	16.32	10.17	11.63	33.08	20.38	9.53	25.74	48.07	66.24
Total Debt/Mcap(x)	0.11	0.01	0	0.02	0.01	0.01	0.02	0.01	0.02	0.01	0

CIE Automotive India Shareholding Pattern

#	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024
Promoter	74.87	74.96	74.96	68.89	65.7	65.7	65.7	65.7	65.7	65.7
FII	6.85	7.26	7.29	8.61	7.54	6.61	5.63	5.11	5.03	4.32
DII	8.1	7.67	7.47	11.22	14.78	15.43	16.01	18.16	19.49	20.38
Public	10.17	10.1	10.28	11.27	11.98	12.26	12.66	11.03	9.78	9.6
Others	0	0	0	0	0	0	0	0	0	0
Total	100	100	100	100	100	100	100	100	100	100

#	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024
Promoter	28.39	28.43	28.43	26.14	24.92	24.92	24.92	24.92	24.92	24.92
FII	2.6	2.76	2.76	3.27	2.86	2.51	2.13	1.94	1.91	1.64
DII	3.07	2.91	2.83	4.26	5.61	5.85	6.07	6.89	7.39	7.73
Public	3.86	3.83	3.9	4.28	4.55	4.65	4.8	4.18	3.71	3.64
Others	0	0	0	0	0	0	0	0	0	0
Total	37.91	37.93	37.93	37.94	37.94	37.94	37.94	37.94	37.94	37.94

Pros

Company has delivered good profit growth of 42% CAGR over last 5 years
Company is almost debt free.

Cons

Company has a low return on equity of 9% over the last 3 years.
Debtor days have increased from 78.8 to 80.05days.
Stock is trading at 3.4 times its book value.

* 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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