Past 10 year's financial track record analysis by Moneyworks4me indicates that CIE Automotive India Ltd is a average 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 Somewhat overvalued zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of CIE Automotive India Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
| Mar'15 | Dec'15 | Dec'16 | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % ⓘ | 0.9% | 4.6% | 8.3% | 11.8% | 14.9% | 11.3% | 4% | 10.8% | 15.6% | 18.5% | - |
| Value Creation Index ⓘ | -0.9 | -0.7 | -0.4 | -0.1 | 0.1 | -0.2 | -0.7 | -0.2 | 0.2 | 0.4 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | |||||||||||
| Sales ⓘ | 5,570 | 5,154 | 5,320 | 6,428 | 8,032 | 7,908 | 6,050 | 6,765 | 8,753 | 9,280 | 9,095 |
| Sales YoY Gr. | - | -7.5% | 3.2% | 20.8% | 25% | -1.5% | -23.5% | 11.8% | 29.4% | 6% | - |
| Adj EPS ⓘ | 0.9 | 5.3 | 4.5 | 9.8 | 14.4 | 9.4 | 2.5 | 10.6 | 18 | 21 | 21.4 |
| YoY Gr. | - | 524.7% | -14.9% | 117.3% | 46.8% | -34.7% | -73.8% | 330.4% | 69.6% | 16.7% | - |
| BVPS (₹) ⓘ | 58.3 | 82.7 | 86.2 | 97.9 | 113.1 | 122.2 | 129.4 | 137 | 134.4 | 157.8 | 168.4 |
| Adj Net Profit ⓘ | 27.5 | 172 | 171 | 371 | 546 | 357 | 93.7 | 403 | 684 | 798 | 811 |
| Cash Flow from Ops. ⓘ | 322 | 906 | 304 | 512 | 708 | 1,027 | 539 | 1,051 | 1,118 | 1,383 | - |
| Debt/CF from Ops. ⓘ | 4.8 | 1.6 | 4.6 | 2.3 | 2.3 | 1.4 | 3.1 | 1.2 | 0.8 | 0.6 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | 5.8% | 2.9% | 15.3% | 6% | ||||
| Adj EPS ⓘ | 42.8% | 7.9% | 104.2% | 16.7% | ||||
| BVPSⓘ | 11.7% | 6.9% | 6.9% | 17.4% | ||||
| Share Price | 7.3% | 25.2% | 19.8% | -4.7% | ||||
Performance Ratio Colour Code Guide ⓘ
| Mar'15 | Dec'15 | Dec'16 | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | 2.2 | 6.6 | 6.5 | 10.6 | 13.7 | 8 | 2 | 8 | 13.3 | 14.4 | 13.1 |
| Op. Profit Mgn % ⓘ | 7.9 | 9.4 | 10 | 12.7 | 13.1 | 12.2 | 8.3 | 13.9 | 13.4 | 15.4 | 15.2 |
| Net Profit Mgn % ⓘ | 0.5 | 3.3 | 3.2 | 5.8 | 6.8 | 4.5 | 1.6 | 6 | 7.8 | 8.6 | 8.9 |
| Debt to Equity ⓘ | 0.8 | 0.5 | 0.4 | 0.3 | 0.4 | 0.3 | 0.3 | 0.3 | 0.2 | 0.1 | - |
| Working Cap Days ⓘ | 66 | 136 | 114 | 120 | 111 | 108 | 131 | 125 | 107 | 107 | 65 |
| Cash Conv. Cycle ⓘ | 5 | -21 | -33 | -21 | -5 | 2 | 11 | 0 | -6 | -12 | 5 |
Return on Equity has increased versus last 3 years average to 13.10%
Sales growth is growing at healthy rate in last 3 years 15.33%
Net Profit is growing at healthy rate in last 3 years 104.23%
Sales growth is not so good in last 4 quarters at -2.10%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 15.3 | 21.4 |
| TTM Sales (₹ Cr.) | 4,582 | 9,095 |
| BVPS (₹.) ⓘ | 137.5 | 168.4 |
| Reserves (₹ Cr.) ⓘ | 4,838 | 6,009 |
| P/BV ⓘ | 3.33 | 2.72 |
| PE ⓘ | 29.85 | 21.41 |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 401.00 / 628.45 |
| All Time Low / High (₹) | 35.35 / 628.45 |
| Market Cap (₹ Cr.) | 17,375 |
| Equity (₹ Cr.) | 379.4 |
| Face Value (₹) | 10 |
| Industry PE ⓘ | 37.9 |
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| PARTICULARS | Mar'15 | Dec'15 | Dec'16 | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 5,570 | 3,865 | 5,320 | 6,428 | 8,032 | 7,908 | 6,050 | 6,765 | 8,753 | 9,280 |
| Operating Expenses ⓘ | 5,128 | 3,502 | 4,789 | 5,614 | 6,981 | 6,940 | 5,549 | 5,823 | 7,581 | 7,856 |
| Manufacturing Costs | 1,010 | 792 | 1,192 | 1,244 | 1,578 | 1,420 | 1,176 | 1,175 | 1,546 | 1,600 |
| Material Costs | 2,561 | 1,726 | 2,144 | 2,816 | 3,632 | 3,749 | 2,806 | 3,335 | 4,776 | 4,911 |
| Employee Cost | 1,187 | 801 | 1,103 | 1,153 | 1,330 | 1,308 | 1,262 | 926 | 902 | 994 |
| Other Costs ⓘ | 371 | 182 | 350 | 401 | 441 | 463 | 304 | 387 | 356 | 351 |
| Operating Profit ⓘ | 442 | 363 | 531 | 814 | 1,051 | 968 | 502 | 942 | 1,172 | 1,424 |
| Operating Profit Margin (%) | 7.9% | 9.4% | 10.0% | 12.7% | 13.1% | 12.2% | 8.3% | 13.9% | 13.4% | 15.3% |
| Other Income ⓘ | 43 | 29 | 31 | 27 | 39 | 33 | 55 | 47 | 58 | 82 |
| Interest ⓘ | 121 | 50 | 59 | 51 | 50 | 52 | 55 | 35 | 23 | 107 |
| Depreciation ⓘ | 238 | 163 | 233 | 268 | 287 | 316 | 306 | 273 | 296 | 322 |
| Exceptional Items ⓘ | -226 | -78 | -9 | -7 | 0 | -5 | 0 | -13 | 38 | 0 |
| Profit Before Tax ⓘ | -100 | 101 | 262 | 515 | 753 | 628 | 195 | 669 | 951 | 1,076 |
| Tax ⓘ | -22 | 24 | 93 | 148 | 204 | 274 | 89 | 273 | 240 | 278 |
| Profit After Tax | -78 | 77 | 169 | 367 | 549 | 354 | 107 | 396 | 711 | 798 |
| PAT Margin (%) | -1.4% | 2.0% | 3.2% | 5.7% | 6.8% | 4.5% | 1.8% | 5.9% | 8.1% | 8.6% |
| Adjusted EPS (₹) | -2.4 | 2.4 | 4.5 | 9.5 | 13.2 | 9.3 | 2.8 | 10.4 | -3.6 | 29.7 |
| Dividend Payout Ratio (%) | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 24% | -70% | 17% |
| PARTICULARS | Mar'15 | Dec'15 | Dec'16 | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 |
|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | ||||||||||
| Shareholders Fund | 1,884 | 2,005 | 3,259 | 3,705 | 4,283 | 4,630 | 4,904 | 5,194 | 5,098 | 5,988 |
| Share Capital ⓘ | 323 | 323 | 378 | 378 | 379 | 379 | 379 | 379 | 379 | 379 |
| Reserves ⓘ | 1,561 | 1,682 | 2,881 | 3,327 | 3,904 | 4,251 | 4,525 | 4,814 | 4,719 | 5,609 |
| Minority Interest | 16 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debt | 1,518 | 1,063 | 1,362 | 1,197 | 1,613 | 1,469 | 1,648 | 1,282 | 923 | 803 |
| Long Term Debt | 1,423 | 752 | 933 | 1,017 | 1,173 | 826 | 937 | 652 | 119 | 101 |
| Short Term Debt | 95 | 311 | 430 | 180 | 440 | 644 | 710 | 629 | 805 | 702 |
| Trade Payables | 1,048 | 1,399 | 1,526 | 1,574 | 1,684 | 1,477 | 1,459 | 1,939 | 2,135 | 1,934 |
| Others Liabilities ⓘ | 388 | 533 | 521 | 860 | 748 | 987 | 1,353 | 1,407 | 1,763 | 1,027 |
| Total Liabilities ⓘ | 4,853 | 5,000 | 6,668 | 7,336 | 8,328 | 8,563 | 9,364 | 9,821 | 9,920 | 9,753 |
Fixed Assets | ||||||||||
| Gross Block | 6,575 | 3,435 | 5,025 | 5,865 | 6,329 | 7,773 | 9,356 | 8,909 | 8,797 | 8,492 |
| Accumulated Depreciation | 3,451 | 142 | 508 | 920 | 1,222 | 1,730 | 2,388 | 2,323 | 3,251 | 2,681 |
| Net Fixed Assetsⓘ | 3,124 | 3,293 | 4,517 | 4,944 | 5,107 | 6,044 | 6,968 | 6,587 | 5,547 | 5,810 |
| CWIP ⓘ | 126 | 56 | 97 | 60 | 96 | 54 | 12 | 125 | 119 | 54 |
| Investmentsⓘ | 57 | 67 | 39 | 55 | 681 | 96 | 234 | 438 | 576 | 821 |
| Inventories | 685 | 719 | 835 | 990 | 1,229 | 1,057 | 1,006 | 1,349 | 1,211 | 1,163 |
| Trade Receivables | 423 | 383 | 522 | 598 | 741 | 737 | 705 | 669 | 861 | 633 |
| Cash Equivalents | 89 | 50 | 98 | 72 | 113 | 150 | 238 | 160 | 86 | 239 |
| Others Assetsⓘ | 349 | 432 | 560 | 616 | 361 | 426 | 199 | 495 | 1,520 | 1,033 |
| Total Assets ⓘ | 4,853 | 5,000 | 6,668 | 7,336 | 8,328 | 8,563 | 9,364 | 9,821 | 9,920 | 9,753 |
| PARTICULARS | Mar'15 | Dec'15 | Dec'16 | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ | 322 | 680 | 304 | 512 | 708 | 1,027 | 539 | 1,051 | 1,118 | 1,383 |
| PBT ⓘ | -100 | 101 | 262 | 507 | 702 | 628 | 195 | 665 | 111 | 1,456 |
| Adjustment ⓘ | 553 | 219 | 290 | 333 | 327 | 360 | 318 | 355 | 1,215 | 316 |
| Changes in Working Capital ⓘ | -110 | 386 | -188 | -219 | -177 | 156 | 76 | 137 | -10 | -31 |
| Tax Paid ⓘ | -21 | -26 | -59 | -108 | -144 | -116 | -50 | -105 | -198 | -358 |
| Cash Flow From Investing Activity ⓘ | -184 | -225 | -831 | -308 | -1,019 | -590 | -429 | -755 | -640 | -910 |
| Capex | -208 | -230 | -170 | -300 | -404 | -414 | -302 | -478 | -443 | -512 |
| Net Investments | 14 | 0 | 0 | -18 | -620 | 584 | -134 | -200 | -147 | -141 |
| Others ⓘ | 10 | 5 | -661 | 10 | 5 | -760 | 6 | -77 | -49 | -257 |
| Cash Flow From Financing Activityⓘ | -294 | -494 | 575 | -236 | 362 | -404 | -38 | -363 | -488 | -427 |
| Net Proceeds from Shares ⓘ | 9 | 3 | 453 | 7 | 6 | 3 | 0 | 1 | 4 | 1 |
| Net Proceeds from Borrowing ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -279 | -394 | 40 |
| Interest Paid ⓘ | -122 | -34 | -59 | -55 | -53 | -53 | -55 | -46 | -38 | -104 |
| Dividend Paid ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -95 | -95 |
| Others ⓘ | -180 | -463 | 182 | -188 | 409 | -355 | 17 | -39 | 35 | -269 |
| Net Cash Flow ⓘ | -155 | -39 | 48 | -32 | 51 | 33 | 72 | -67 | -9 | 46 |
| PARTICULARS | Mar'15 | Dec'15 | Dec'16 | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | -6.17 | 3.95 | 6.42 | 10.53 | 13.73 | 7.94 | 2.24 | 7.84 | 13.82 | 14.39 |
| ROCE (%) | 0.87 | 4.63 | 8.28 | 11.83 | 14.85 | 11.33 | 3.95 | 10.8 | 15.59 | 18.47 |
| Asset Turnover Ratio | 1.69 | 0.81 | 0.95 | 0.94 | 1.03 | 0.94 | 0.68 | 0.71 | 0.89 | 0.94 |
| PAT to CFO Conversion(x) | N/A | 8.83 | 1.8 | 1.4 | 1.29 | 2.9 | 5.04 | 2.65 | 1.57 | 1.73 | Working Capital Days |
| Receivable Days | 19 | 37 | 30 | 31 | 30 | 34 | 44 | 37 | 32 | 29 |
| Inventory Days | 33 | 64 | 51 | 51 | 50 | 53 | 62 | 64 | 53 | 47 |
| Payable Days | 92 | 254 | 247 | 200 | 163 | 152 | 185 | 178 | 149 | 144 |
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
Milestones
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Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
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Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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