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CIE Automotive India Ltd share Price Today

Company details

569.45
595.60
406.80
622.40
6M Return 21.83%
1Y Return 10.86%
Mkt Cap.(Cr) 22,300.80
Volume 623,024
Div Yield 0.82%
OI
-
OI Chg %
-
Volume 623,024

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About The Stock

    Mahindra CIE (MCI), part of the Spain-based CIE Automotive Group, is a multi-technology, multi-product automotive component supplier.

    • CY22 consolidated revenue mix – Europe 36%, India 64%.
    • Forging is ~59% of consolidated sales (78% in Europe).
    • In India it derives 49%, 23%, 20%, 8% of sales from PV, 2-W, tractors, M&HCV, respectively. In Europe it now derives 75% of sales from PV space.
Q4CY22

    Company posted healthy Q4CY22 results

    • Consolidated revenue from continuing operations came in at ₹2,246 crores, nearly flat QoQ (Sequential growth in Europe, OEM led decline in India)
    • EBITDA came in at ₹292.4 crores with margins at 13%.
    • Company reported Loss at the PAT level amounting to ₹658 crores vs. profit reading on QoQ and YoY basis, largely attributable to impairment charge for placing Germany forging business up for sale. Profit from continuing operation stood at ₹195 crore for Q3FY22 and ₹711 crore for CY22

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Research view on more stocks

Auto Parts & Equipments company CIE Automotive India announced Q3CY23 results:

1: Company Performance
- CIE India reported a revenue of Rs 14,393 million in Q3CY23, showing a 1% increase compared to the same period last year.
- The EBITDA for Q3CY23 was Rs 2,405 million, representing a 12% growth from the previous year.
- The company achieved a steady EBITDA margin of 16.7% during Q3CY23.
- CIE India recorded a net profit of Rs 1,746 million in Q3CY23, a growth of 13% compared to the previous year.

2: Market Update
- The Indian market witnessed a mixed performance in Q3CY23. While the <6T and MHCV segments showed growth, the tractor and two-wheeler segments faced challenges.
- The European market saw positive revenue growth, with a 7% increase in sales during Q3CY23 compared to the previous year.
- Both the Indian and European markets are expected to grow in the coming years, with positive projections for various industry segments.

3: Financial Outlook
- CIE India's financial performance remained strong in Q3CY23, with a recurrent EBITDA margin of around 17%.
- The company expects its Indian and European businesses to continue performing well, with stable growth and positive market expectations.
- The overall market outlook shows a growth potential for all business verticals, including the Indian automotive industry.
 

 

 

Result PDF

View Other Company Results

CIE Automotive India Ltd shares SWOT Analysis

Strengths (9)

  • Strong Annual EPS Growth
  • Effectively using its capital to generate profit - RoCE improving in last 2 years
  • Growth in Net Profit with increasing Profit Margin (QoQ)

Weakness (4)

  • Negative Breakdown Second Support (LTP < S2)
  • Degrowth in Quarterly Revenue and Profit in Recent Results(YoY)
  • Fall in Quarterly Revenue and Net Profit (YoY)

Opportunity (2)

  • Negative to Positive growth in Sales and Profit with Strong Price momentum
  • RSI indicating price strength

Threats (1)

  • Increasing Trend in Non-Core Income

Resistance and support

R1 614.3
R2 621.9
R3 629.0
Pivot

607.13

S1 599.5
S2 592.4
S3 584.8
EMA SMA
592.3
561.9
532.0
502.6
592.2
555.2
509.8
494.7
Delivery and volume
CLIENT NAME DEAL TYPE ACTION DATE AVG. PRICE QUANTITY EXCHANGE
MAHINDRA & MAHINDRA LIMITED Bulk Sell 2023-05-24 447.65 12122068 NSE
SOCIETE GENERALE Bulk Purchase 2023-03-13 357 6453165 BSE
MAHINDRA & MAHINDRA LIMITED Bulk Sell 2023-03-13 357.39 22980000 BSE
Name Category Shares
PARTICIPACIONES INTERNACIONALES AUTOMETAL, DOS S.L PROMOTER 65.7%

OUR RESEARCH VIEW

Investment recommendation
Call Date
02 Mar 2023
Entry Price 415.00
Target Price 500.00
Duration
12-18 Month

FINANCIALS

Sales
Operating Profit
Profit after Tax
Equity
Reserves and Surplus
Debt
Sales
Operating Profit
Profit after Tax
PE
Debt/Equity
P BV

CIE Automotive India Ltd Stocks COMPARISON

Financials( in Cr) CIE Automotive India Ltd Bharat Forge Ltd AIA Engineering Ltd PTC Industries Ltd Ramkrishna Forgings Ltd
Price 587.85 1,579.40 4,272.70 13,721.50 863.45
% Change -2.32 -4.84 -0.41 -6.99 -4.68
Mcap Cr 22,300.80 73,535.13 40,300.11 19,815.22 15,609.10
Revenue TTM Cr 9,280.35 15,682.07 4,908.77 219.26 3,192.90
Net Profit TTM Cr 1,125.15 910.16 1,056.50 25.82 248.11
PE TTM 28.51 81.91 35.13 488.89 46.97
1 Year Return 10.86 85.54 33.92 237.61 96.19
ROCE 17.73 12.61 25.25 11.33 18.33
ROE 20.31 13.12 20.23 10.87 20.67
INSIDER & INSTITUTIONAL ACTIVITY

Equity Capital: 5,987.97 Cr FV: 10.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 18,657.67 50,536.31
LAST 3M 100,816.35 52,758.00
LAST 6M 183,679.85 45,520.24
LAST 12M 311,925.41 84,454.62
CIE Automotive India Limited - Updates

Jul 18, 2024 l NSE Announcement

Board Meetings Forthcomming

Jul 18, 2024 l Board Meetings Forthcomming

NSE Board Meetings Forthcomming

Jul 18, 2024 l NSE Board Meetings Forthcomming

Date Action Type Ratio
Jun 13, 2024 Dividend 50
Jun 02, 2023 Dividend 25
Apr 13, 2022 Dividend 25

CIE Automotive India Ltd Information

Stock PE (TTM)
28.51
Promoter Holding
65.7%
Book Value
157.843
ROCE
17.73%
ROE
20.31%
Registered Address

Suite F9D Grand Hyatt Plaza, Santacruz (E), Mumbai, Maharashtra, 400055

Tel : 91-022-62411031
Email : mcie.investors:cie-india.com
Website : http://www.mahindracie.com
Registrar

Karvy Computershare Pvt Ltd

AGM Date (Month) : Apr
Face Value Equity Shares : 10
Market Lot Equity Shares : 1
BSE Code : 532756
NSE Code : CIEINDIA
Book Closure Date (Month) : Jun
BSE Group : A
ISIN : INE536H01010

FAQ’s on CIE Automotive India Ltd Shares

You can buy CIE Automotive India Ltd shares through a brokerage firm. ICICIdirect is a registered broker through which you can place orders to buy CIE Automotive India Ltd Share.

Company share prices and volatile and keep changing according to the market conditions. As of Jul 19, 2024 03:59 PM the closing price of CIE Automotive India Ltd was Rs.587.85.

The latest PE ratio of CIE Automotive India Ltd as of Jul 19, 2024 03:59 PM is 28.51

The latest PB ratio of CIE Automotive India Ltd as of Jul 19, 2024 03:59 PM is 0.26

The 52-week high of CIE Automotive India Ltd share price is Rs. 622.40 while the 52-week low is Rs. 406.80

According to analyst recommendations, CIE Automotive India Ltd Share has a "Buy" rating for the long term.

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of Jul 19, 2024 03:59 PM, the market cap of CIE Automotive India Ltd stood at Rs. 22,300.80 Cr.

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