Mahindra CIE Automotive Ltd Stock Analysis

BSE: 532756 | NSE: MAHINDCIE | Forgings | Mid Cap

BSE Share Price Aug 12, 18:03
292.05 14.85 (5.36%)

DeciZen - Make an Informed Decision on Mahindra CIE Auto.

Overall Rating

1. Quality

2. Valuation

Fair

3. Price Trend

Mahindra CIE Auto. Price Chart

P/E Ratio (CD) :
18.55
Market Cap :
11,072.6 Cr.
52-wk low :
164
52-wk high :
311.7
Bole Toh?

1. Is Mahindra CIE Automotive Ltd a good quality company?

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

2. Is Mahindra CIE Automotive Ltd undervalued or overvalued?

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

3. Is Mahindra CIE Automotive Ltd a good buy now?

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

10 Year X-Ray of Mahindra CIE Auto.:

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.
Mahindra CIE Automotive Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Value Creation Index Colour Code Guide

Mar'13Mar'14Mar'15Dec'15Dec'16Dec'17Dec'18Dec'19Dec'20Dec'21TTM
ROCE % -5.4%-2.8%4.6%5%5.5%8.4%9.8%6.4%2.1%6.6%-
Value Creation Index -1.4-1.2-0.7-0.6-0.6-0.4-0.3-0.5-0.9NA-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 2,2162,5915,5705,1545,3206,5208,1037,9546,0508,3879,450
YoY Gr. Rt. %-16.9%115%-7.5%3.2%22.6%24.3%-1.8%-23.9%38.6%-
Adj EPS -12.4-9.10.95.34.59.6139.12.510.415.7
YoY Gr. Rt. %-NANA524.7%-14.9%112.4%35.4%-30.2%-72.8%321.1%-
BVPS (₹) 81.170.558.382.786.297.9113.1122.2129.4137142.4
Adj Net Profit -114-84.227.517217136349334493.7394597
Cash Flow from Ops. 1022113229063045127081,0275391,051-
Debt/CF from Ops. 6.73.54.81.64.62.32.31.43.11.2-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 15.9%9.5%1.2%38.6%
Adj EPS NA18.1%-7.2%321.1%
BVPS 69.76.65.9
Share Price 18.3% 4.2% 22.3% 19.4%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'13Mar'14Mar'15Dec'15Dec'16Dec'17Dec'18Dec'19Dec'20Dec'21TTM
Return on Equity % -14-11.92.26.66.510.412.37.727.811.3
Op. Profit Mgn % 24.37.99.41012.512.4128.312.111.3
Net Profit Mgn % -5.1-3.30.53.33.25.66.14.31.64.76.3
Debt to Equity 0.91.10.80.50.40.30.40.30.30.30.1
Working Cap Days 1058466136114118111109131101105
Cash Conv. Cycle 56405-21-33-21-521100

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 11.30%

Sales growth is good in last 4 quarters at 19.90%

Sales growth has been subdued in last 3 years 1.15%

Net Profit has been subdued in last 3 years -7.17%

Latest Financials - Mahindra CIE Automotive Ltd.

Standalone Consolidated
TTM EPS (₹) 10.7 15.7
TTM Sales (₹ Cr.) 3,798 9,450
BVPS (₹.) 111.4 142.4
Reserves (₹ Cr.) 3,844 5,020
P/BV 2.62 2.05
PE 27.21 18.55
From the Market
52 Week Low / High (₹) 164.00 / 311.65
All Time Low / High (₹) 35.35 / 380.20
Market Cap (₹ Cr.) 11,073
Equity (₹ Cr.) 379.1
Face Value (₹) 10
Industry PE 27.9

Management X-Ray of Mahindra CIE Auto. :

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 (%)

Event Update

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Analyst's Notes

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Key Ratios of Mahindra CIE Auto.

Adj EPS (Rs.)
Sales (Cr.)
ROE (%)
ROCE (%)

News

About Mahindra CIE Automotive 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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