CIE Automotive India Ltd Stock Analysis

BSE: 532756 | NSE: CIEINDIA | Forgings | Small Cap

BSE Share Price 30-Nov-2023 18:00
477.35 -1.90 (-0.40%)

DeciZen - Make an Informed Decision on CIE Automotive India

Overall Rating

1. Quality

2. Valuation

Somewhat overvalued

3. Price Trend

Semi Strong

CIE Automotive India Price Chart

P/E Ratio (CD):
60.69
Market Cap:
18,108.9 Cr.
52-wk low:
282.1
52-wk high:
578.1
Bole Toh?

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

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

2. Is CIE Automotive India Ltd undervalued or overvalued?

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

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

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.

10 Year X-Ray of CIE Automotive India:

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 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'14Mar'15Dec'15Dec'16Dec'17Dec'18Dec'19Dec'20Dec'21Dec'22TTM
ROCE % -2.8%4.6%5%5.5%8.5%10.8%6.6%2.1%6.6%11.2%-
Value Creation Index -1.2-0.7-0.6-0.6-0.4-0.2-0.5-0.9-0.5-0.2-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 2,5915,5705,1545,3206,4288,0327,9086,0506,7658,7539,287
YoY Gr. Rt. %-115%-7.5%3.2%20.8%25%-1.5%-23.5%11.8%29.4%-
Adj EPS -9.10.95.34.59.814.49.42.510.6187.9
YoY Gr. Rt. %-NA524.7%-14.9%117.3%46.8%-34.7%-73.8%330.4%69.6%-
BVPS (₹) 70.558.382.786.297.9113.1122.2129.4137134.4152.6
Adj Net Profit -84.227.517217137154635793.7403684299
Cash Flow from Ops. 2113229063045127081,0275391,0511,118-
Debt/CF from Ops. 3.54.81.64.62.32.31.43.11.20.8-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 14.5%6.4%3.4%29.4%
Adj EPS NA12.9%24.2%69.6%
BVPS7.4%6.5%3.2%-1.9%
Share Price 26.4% 13% 44.2% 66.1%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Dec'15Dec'16Dec'17Dec'18Dec'19Dec'20Dec'21Dec'22TTM
Return on Equity % -11.92.26.66.510.613.782813.35.5
Op. Profit Mgn % 4.37.99.41012.713.112.28.313.913.415
Net Profit Mgn % -3.30.53.33.25.86.84.51.667.83.2
Debt to Equity 1.10.80.50.40.30.40.30.30.30.2-
Working Cap Days 84661361141201111081311251070
Cash Conv. Cycle 405-21-33-21-52110-60

Recent Performance Summary

Net Profit is growing at healthy rate in last 3 years 24.16%

Sales growth is good in last 4 quarters at 14.99%

Return on Equity has declined versus last 3 years average to 5.50%

Sales growth has been subdued in last 3 years 3.44%

Latest Financials - CIE Automotive India Ltd.

Standalone Consolidated
TTM EPS (₹) 15.7 7.9
TTM Sales (₹ Cr.) 4,543 9,287
BVPS (₹.) 127.2 152.6
Reserves (₹ Cr.) 4,445 5,411
P/BV 3.75 3.13
PE 30.51 60.69
From the Market
52 Week Low / High (₹) 282.05 / 578.10
All Time Low / High (₹) 35.35 / 578.10
Market Cap (₹ Cr.) 18,109
Equity (₹ Cr.) 379.4
Face Value (₹) 10
Industry PE 39.5

Management X-Ray of CIE Automotive India :

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

Key Ratios of CIE Automotive India

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

News

CIE Automotive India Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of CIE Automotive India on 30-Nov-2023 18:00 is : 477.4.
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 30-Nov-2023 18:00 the market cap of CIE Automotive India stood at ₹ 18,108.9.
The latest PE ratio of CIE Automotive India as of 30-Nov-2023 18:00 is 30.51.
The latest PB ratio of CIE Automotive India as of 30-Nov-2023 18:00 is 3.75
The 52-week high of CIE Automotive India is ₹ 578.1 and the 52-week low is ₹ 282.1.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue / sales of CIE Automotive India is ₹ 4,543 ( Cr.) .

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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