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CIE Automotive India Ltd (CIEINDIA)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 532756 NSE: CIEINDIA Auto Ancillary | Small Cap | CIE Automotive India Share Price

₹456.25 4.10 (0.91%)

As on 04-Jun'26 16:59

CIE Automotive India Ltd (CIEINDIA)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 532756 NSE: CIEINDIA Auto Ancillary | Small Cap | CIE Automotive India Share Price

₹456.25 4.10 (0.91%)

As on 04-Jun'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹17,308 Cr.
Current Price
₹456.3
52-Week Low / High
₹382 / 526
TTM EPS
₹23
TTM Sales
₹9,746 Cr.
Book Value per Share
₹203.1
P/E Ratio
19.87
In line with its 5-year historical median
Industry PE
42.9
Price to Book (P/B)
2.25
Lower than its 5-year historical median
Price to Sales (P/S)
1.78
In line with its 5-year historical median
EV/EBITDA
11.46
In line with its 5-year historical median
Dividend Yield
1.65%
Profitability Efficiency
Return on Equity (ROE)
11.73%
In line with industry median
Return on Capital Employed (ROCE)
14.83%
Outperforms industry median
Return on Assets (ROA)
8.04%
Operating Profit Margin
14.5%
Net Profit Margin
8.75%
Gross Profit Margin
15.3%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Improving versus 3-year growth rate
4.94%
Operating Profit Growth (1 Year)
Slowing versus 3-year growth rate
0.88%
Net Profit Growth (1 Year)
Slowing versus 3-year growth rate
0.32%
Asset Quality
Promoter Holding
65.70%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹7,327 Cr.
Equity
₹379.4 Cr.
Face Value
₹10
All Time Low / High
₹35.35 / 628.45

CIE Automotive India stock performance

Key Ratios
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Quality

Very Good
Check detailed performance

Valuation

Fair

Check Valuation charts

Price Trend

Semi Strong
Check Price chart
Q.1 Is CIE Automotive India Ltd a good quality company?
CIE Automotive India Ltd is a good quality company, based on a consistently good multi-year financial track record.

This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.

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We have analysed the performance of the company on the following:

  • How has it performed on generating Profits?

    By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.

  • How efficiently has it utilized Capital?

    By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.

  • How is it managing its Debt?

    By checking its Debt to Equity and Cash Flow from Operations.

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How does CIE Automotive India Ltd performance compare with that of its Peers?
Q.1 Revenue growth of CIE Automotive India Ltd vs industry peers?
CIE Automotive India Ltd revenue CAGR is 9.23%, compared to the industry median CAGR of 11.89%, indicating slower growth and losing its market share.
Q.1 Promoter shareholding and pledge status of CIE Automotive India Ltd?
Promoters hold 65.70% of the CIE Automotive India Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Q.1 Stock return of CIE Automotive India Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of 9.3% based on the current price.
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10 Year X-Ray :

Analysis of Financial Track Record (Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end)

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
CIE Automotive India Ltd has performed well in majority of the past ten years indicating its past ten year financial track record is very good

Value Creation ⓘ

Dec'16Dec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24Dec'25TTM
ROCE % ⓘ8.3%11.8%14.9%11.3%4%10.8%15.6%18.5%16.7%14.8%-
Value Creation
Index ⓘ		-0.4-0.10.1-0.2-0.7-0.20.20.40.20.1-

Growth Parameters ⓘ
Sales ⓘ5,3206,4288,0327,9086,0506,7658,7539,2808,9649,4069,746
Sales YoY Gr.-20.8%25%-1.5%-23.5%11.8%29.4%6%-3.4%4.9%-
Adj EPS ⓘ4.59.814.49.42.510.6182121.621.723
YoY Gr.-117.3%46.8%-34.7%-73.8%330.4%69.6%16.7%2.6%0.5%-
BVPS (₹) ⓘ86.297.9113.1122.2129.4137134.4157.8173.4196.6203.1
Adj Net
Profit ⓘ		17137154635793.7403684798819823871
Cash Flow from Ops. ⓘ3045127081,0275391,0511,1181,3838811,258-
Debt/CF from Ops. ⓘ4.62.32.31.43.11.20.80.60.60.3-

CAGR ⓘ

9 Years 5 Years 3 Years 1 Years
Sales ⓘ6.5%9.2%2.4%4.9%
Adj EPS ⓘ19%54.4%6.4%0.5%
BVPSⓘ9.6%8.7%13.5%13.4%
Share Price 8.8% 15.1% -0.2% 1.4%

Key Financial Parameters ⓘ

Dec'16Dec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24Dec'25TTM
Return on
Equity % ⓘ		6.510.613.782813.314.41311.711.5
Op. Profit
Mgn % ⓘ		1012.713.112.28.313.913.415.415.114.514.7
Net Profit
Mgn % ⓘ		3.25.86.84.51.667.88.69.18.88.9
Debt to
Equity ⓘ		0.40.30.40.30.30.30.20.10.10.1-
Working Cap
Days ⓘ		11412011110813112510710710810069
Cash Conv.
Cycle ⓘ		-33-21-52110-6-12-6-622

Profit And Loss

(All Figures are in Crores.)
PARTICULARSDec'16Dec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24Dec'25
Sales5,3206,4288,0327,9086,0506,7658,7539,2808,9649,406
Operating Expenses ⓘ + 4,7895,6146,9816,9405,5495,8237,5817,8567,6138,044
Manufacturing Costs1,1921,2441,5781,4201,1761,1751,5461,6001,5671,719
Material Costs2,1442,8163,6323,7492,8063,3354,7764,9114,6704,769
Employee Cost 1,1031,1531,3301,3081,2629269029941,0101,127
Other Costs ⓘ 350401441463304387356351365429
Operating Profit ⓘ 5318141,0519685029421,1721,4241,3511,362
Operating Profit Margin (%) 10.0%12.7%13.1%12.2%8.3%13.9%13.4%15.3%15.1%14.5%
Other Income ⓘ + 3127393355475882140101
Exceptional Items ⓘ -9-70-50-1338000
Interest ⓘ 595150525535231077827
Depreciation ⓘ 233268287316306273296322331358
Profit Before Tax ⓘ 2625157536281956699511,0761,0851,081
Tax ⓘ 9314820427489273240278264258
Profit After Tax 169367549354107396711798820823
PAT Margin (%) 3.2%5.7%6.8%4.5%1.8%5.9%8.1%8.6%9.2%8.8%
Adjusted EPS (₹)4.59.513.29.32.810.4-3.629.721.821.8
Dividend Payout Ratio (%)0%0%0%0%0%24.10%-69.60%16.90%32.10%32.10%

Valuation of CIE Automotive India - Consolidated

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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Analyst's Notes

data not found
No data found!

Balance Sheet

(All Figures are in Crores.)
PARTICULARSDec'16Dec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24Dec'25

Equity and Liabilities

Shareholders Fund + 3,2593,7054,2834,6304,9045,1945,0985,9886,5777,459
Share Capital ⓘ 378378379379379379379379379379
Reserves ⓘ 2,8813,3273,9044,2514,5254,8144,7195,6096,1977,080
Debt +1,3621,1971,6131,4691,6481,282923803521386
Long Term Debt9331,0171,173826937652119101422186
Short Term Debt43018044064471062980570299200
Minority Interest0000000000
Trade Payables1,5261,5741,6841,4771,4591,9392,1351,9341,5811,863
Others Liabilities ⓘ 5218607489871,3531,4071,7631,0271,0701,027
Total Liabilities ⓘ 6,6687,3368,3288,5639,3649,8219,9209,7539,74910,736

Fixed Assets

Net Fixed Assets ⓘ +4,5174,9445,1076,0446,9686,5875,5475,8105,8576,200
Gross Block5,0255,8656,3297,7739,3568,9098,7978,4928,7439,747
Accumulated Depreciation5089201,2221,7302,3882,3233,2512,6812,8863,547
CWIP ⓘ 97609654121251195466130
Investments ⓘ 3955681962344385768211,0381,459
Inventories8359901,2291,0571,0061,3491,2111,1631,0911,130
Trade Receivables522598741737705669861633627609
Cash Equivalents 987211315023816086239324254
Others Assets ⓘ 5606163614261994951,5201,033745954
Total Assets ⓘ 6,6687,3368,3288,5639,3649,8219,9209,7539,74910,736

Cash Flow

(All Figures are in Crores.)
PARTICULARSDec'16Dec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24Dec'25
Cash Flow From Operating Activity ⓘ + 3045127081,0275391,0511,1181,3838811,258
PBT ⓘ 2625077026281956651111,4561,0921,087
Adjustment ⓘ 2903333273603183551,215316287284
Changes in Working Capital ⓘ -188-219-17715676137-10-31-236150
Tax Paid ⓘ -59-108-144-116-50-105-198-358-262-263
Cash Flow From Investing Activity ⓘ + -831-308-1,019-590-429-755-640-910-238-785
Capex -198-300-404-414-302-478-443-512-381-373
Net Investments 28-18-620584-138-203-147-141-167-370
Others ⓘ -661105-76011-75-49-257310-42
Cash Flow From Financing Activity ⓘ + 575-236362-404-38-363-488-427-553-526
Net Proceeds from Shares ⓘ 453763014100
Net Proceeds from Borrowing ⓘ 00000-279-39440326-274
Interest Paid ⓘ -59-55-53-53-55-46-38-107-78-28
Dividend Paid ⓘ 000000-95-95-189-264
Others ⓘ 182-188409-35517-3935-265-61341
Net Cash Flow ⓘ 48-32513372-67-94690-53

Financial Ratio

PARTICULARSDec'16Dec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24Dec'25
Ratios
ROE (%)6.4210.5313.737.942.247.8413.8214.3913.0611.73
ROCE (%)8.2811.8314.8511.333.9510.815.5918.4716.7414.83
Asset Turnover Ratio0.950.941.030.940.680.710.890.940.920.92
PAT to CFO Conversion(x)1.81.41.292.95.042.651.571.731.071.53
Working Capital Days
Receivable Days29.9031.1030.4034.1043.5037.1031.9029.4025.7024
Inventory Days51.3050.7050.4052.7062.2063.5053.4046.7045.9043.10
Payable Days246.50199.70162.80152.20184.70177.90149.20143.90129.80125.10

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

CIE Automotive India Ltd FAQs

The current trading price of CIE Automotive India on 04-Jun-2026 16:59 is ₹456.2.

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 03-Jun-2026 the market cap of CIE Automotive India stood at ₹17,308.4 Cr

The latest P/E ratio of CIE Automotive India as of 03-Jun-2026 is 27.38.

The latest P/B ratio of CIE Automotive India as of 03-Jun-2026 is 2.92.

The 52-week high of CIE Automotive India is ₹525.9 and the 52-week low is ₹382.2.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of CIE Automotive India is ₹5,065 ( Cr.) .

Past 10 year's financial track record analysis by Moneyworks4me indicates that CIE Automotive India Ltd is a good quality company.

The key valuation ratios of CIE Automotive India Ltd's currently when compared to its past seem to suggest it is in the Fair zone.

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of CIE Automotive India Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.

About CIE Automotive India Ltd

Mahindra CIE Automotive is a multi-technology automotive components supplier listed on the stock exchanges in Mumbai. The company is a subsidiary of the CIE Automotive group of Spain; an industrial group specialised in supplying components and subassemblies for the automotive market, which has presence across the globe and is listed on the stock exchanges in Madrid and Bilbao.

Business area of company

Mahindra CIE is engaged in the business of production and sale of automotive components to original equipment manufacturers and other customers (including leading suppliers of components) in India and overseas. The company has manufacturing facilities in various locations across the country in India. The company has an established presence in each of these locations and supplies automotive components to its customers based there and exports products to customers based in other countries as well.

Product range of the company

Forging products: It is leader in the Indian forgings space, it makes forging products that range in weight from 500 grams to 45 kilograms, and measure up to a metre in length. In Europe, we are a leading supplier to the heavy truck industry, forging parts in excess of 100 kilograms. Its advanced facility in Chakan, Pune, supplies forged components to several companies in the automotive and non-automotive industries.

Castings: Created in factories that are ISO/TS 16949-certified, its magnetic products are used in an array of commercial and industrial sectors. Its soft ferrite cores power day-to-day products such as induction cooktops to mobile chargers, while its ferrite impeder cores increase the efficiency of welding processes. Furthermore, it also lead the industry in magnetic induction lighting, a cost-effective and energy-efficient solution that is used in a variety of end-applications.

Magnetic products: Mahindra’s magnetic products are used in an array of commercial and industrial sectors. Its soft ferrite cores power day-to-day products such as induction cooktops to mobile chargers, while its ferrite impeder cores increase the efficiency of welding processes. Furthermore, it also lead the industry in magnetic induction lighting, a cost-effective and energy-efficient technology in a variety of applications.

Composites: An innovative replacement for conventional materials, its composites are non-corrosive, possess high mechanical strength, and provide a number of compelling benefits in automotive and medical applications.

Stamping Products: With robotic automated presses and a new fully automated facility, it supply comprehensive body-and-chassis systems

Business segments

  • Cars & Utility Vehicles
  • Medium and Heavy Commercial Vehicles
  • Agriculture & Off Road
  • Two Wheelers

Milestones

  • 1996: Plant established in 1996 by Amforge. 
  • 2004: TS - 16949 Awarded by BVQI   
  • 2005: TS - 16949 Certification obtained. Amforge, Chakan Unit becomes a part of the Mahindra & Mahindra Group. 
  • 2006: Received Best Supplier Award from Benteler USA   Acquired Vauxhall machining lines from GM, UK   Plant Acquired by M&M    Received Best Supplier Award from FIAT  
  • 2007: Two steering knuckle machining line installed - 150K per annum installed Two crankshaft machining lines installed - 120K per annum
  • 2008: Tool and Die Shop Installed
  • 2009: MFL was qualified by Nissan for Monozukuri Audit.   MFL was qualified by Renault for ASES audit. Doubled the installed capacity from 40000 MT to 86000 MT by setting up two 4000 Ton Presses & one 6300 Ton Press
  • 2010: Received New Product Development Award from Volvo Eicher    Received Best Supplier Award from Kirloskar Oil Engines Ltd. (KOEL)
  • 2011: Third crankshaft machining line installed New MAKINO installed at Tool Room for Die production
  • 2017: Jesus M Herrera, Chosen by Forbes as one of the best CEO of 2016
  • 2019-20: The company acquired Aurangabad Electricals (AEL) and entered the Aluminium Die casting technology
  • 2021: Mahindra CIE Automotive subscribes 31.20% stake in ReNew Surya Alok
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