1. Cie Automotive India
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80% Buy

Cie Automotive India Share Price

CIEINDIA

₹572.70+₹2.85 (0.50%) TodayLast updated on 25 Jun, 2024 | 03:42 PM IST
₹566.40₹577.90
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Company overview

Financial performance

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Market cap

Market Cap Switch₹21,607 Crs

Open

₹573.95

Close

₹569.85

Circuit range

₹683.80 - ₹455.90

Day range

₹566.40 - ₹577.90

Year range

₹406.80 - ₹589.00

Volume

1,73,710

Avg. traded

₹572.05

Revenue (12m)

₹7,027 Crs

Cie Automotive India

CIE Automotive India Limited, formerly known as Mahindra CIE, is an Indian automotive supplier that has a presence in many technologies including forging casting, stamping gears, composited and magnetic products. The company owns and operates manufacturing facilities both in India and abroad. Part of the CIE Automotive Group, Spain, CIE Automotive India is the vehicle for its forging business globally. Its forging business offers stub axles, front axle beams and steel pistons, crankshafts, flashless near-net forging and forged steel parts.

The company’s casting business offers metal stamping components, assemblies, axle and transmission parts, turbocharger housing, high-pressure aluminium casting in thick wall parts like complex engine components and brake system parts CIE Automotive India Limited, originally incorporated as Mahindra Automotive Steels Ltd, is a public company. Mahindra and Mahindra Ltd divested its share in the company in parts before formally exiting it in 2023.

CIE Automotive India Ltd's market capitalisation is valued at over 17,300 crore as of February 26, 2024. CIE Automotive India share price has grown over 150% in the last three years

Business Operations

CIE Automotive India owns and operates 29 manufacturing facilities globally including four in Europe and one in Mexico. The company strengthened its position in the Indian market by setting up a world-class tool room to upgrade its operations in FY 2008. Earlier, that year, the company expanded its installed capacity of forgings to 48072 million tonnes by adding 5307 million tonnes.

In FY 2009, the company commissioned three additional presses. In 2012, a Global Alliance Agreement was signed between Mahindra's automotive component businesses and CIE Automotive with operations in North America South America Europe and Asia held through listed businesses in Spain, Brazil and India.

In 2013, the company's name was changed to Mahindra CIE Automotive Limited from Mahindra Forgings Limited. The next year, Mahindra CIE Automotive Limited amalgamated Mahindra Composites Ltd into the company.

In 2015, Mahindra Hinoday Industries Limited (MHIL), Mahindra Ugine Steel Company Limited (MUSCO), Mahindra Gears International Limited (MGIL), Mahindra Investments (India) Private Limited (MIIPL) and Participaciones Internacionales Autometal TRES, S.L. were merged with the company.

CIE Automotive got its present name in 2022. The same year, CIE Automotive India acquired 27% of Strongsun Solar for ₹ 2.4 crore. Strongsun is engaged in setting up captive power generation projects and the development of renewable energy assets in India. At the time, Strongsun was setting up two captive generating plants of the capacity of 7 MWp and 3 MWp to supply captive solar power from these plants to the Company's factory of Foundry Division at Urse (7 MWp) and Magnetics Products Division at Bhosari (3 MWp) respectively.

CIE Automotive India Ltd's market capitalisation is valued at over 17,300 crore as of February 26, 2024. CIE Automotive share price has increased by over 150% in the last three years.

Financial Highlights

– The company's sales in calendar year (CY) 2022 stood at ₹8,753 crore, recording a 29.4% year-on-year growth compared to ₹6,765 crore in CY 2021. – CIE Automotive India Ltd reported a net loss of ₹136.2 crore in CY22 against a profit of ₹393 crore in CY21. – Its basic earnings per share (EPS) declined to a negative ₹3.59 in FY22 from ₹10.36 in the last financial year.

Cie Automotive India Key indicators

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52 week high

₹589.00

52 week low

₹406.80

P/E ratio

34.26

P/B ratio

3.47

ROE

11.95%

ROCE

15.15%

Dividend yield

0.88%

Debt/Equity ratio

0.01

EPS

14.82

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Investment checklist: (3/6)

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Equity returns

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Safety factor

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Growth factor

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Debt vs Equity

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Profit factor

The investment checklist helps you understand a company's financial health at a glance and identify quality investment opportunities easily

Analyst ratings:

Buy

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Buy

80%

Hold

0%

Sell

20%

This analysis is based on the reviews of 5 experts in the last 7 days

Fundamentals

Financial ratios

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  • Profitability

  • Operational

  • Valuation

Operating profit margin

18.89%

Net profit margin

12.31%

ROE

11.95%

ROA

9.31%

ROCE

15.15%

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Cie Automotive India Shareholder returns

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1 day

+0.82%

1 week

+0.05%

1 month

+2.77%

3 months

+27.90%

1 year

+11.03%

3 years

+155.48%

5 years

+147.49%

Cie Automotive India Share Price history

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DayOpenCloseDay’s change
Mon, Jun 24 2024
₹567.70
₹569.85
+0.82%
Fri, Jun 21 2024
₹570.00
₹565.20
-0.57%
Thu, Jun 20 2024
₹572.05
₹568.45
-0.63%
Wed, Jun 19 2024
₹584.80
₹572.05
-1.73%
Tue, Jun 18 2024
₹578.10
₹582.10
+2.20%
Fri, Jun 14 2024
₹585.00
₹569.55
-1.81%
Thu, Jun 13 2024
₹581.00
₹580.05
-0.16%
Wed, Jun 12 2024
₹565.00
₹581.00
+3.43%

Shareholding info

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Promoters (65.7%)

Mutual Funds (17.17%)

Retail and other (11.03%)

Foreign institutions-FII (5.11%)

Other domestic institutions (1%)

Promoters

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Events

Corporate actions

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  • Dividend • ₹5/share

    Ex date 13 Jun 2024

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  • Dividend • ₹2.5/share

    Ex date 02 Jun 2023

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  • Dividend • ₹2.5/share

    Ex date 13 Apr 2022

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