CIE Automotive India Ltd

CIE Automotive India Ltd

₹ 469 2.17%
20 Feb - close price
About

CIE Automotive Limited is a subsidiary of CIE Automotive S.A, Spain. Mahindra Vehicle Manufacturing Ltd. was a significant shareholder in the company. The company is engaged in the business of production and sale of automotive components to original equipment manufacturers and other customers in India and overseas. [1]

Key Points

Overview
Company is part of the CIE Automotive Group of Spain and is the Group’s vehicle for its forgings business globally. It is a multi-locational and multi-technology automotive components company with manufacturing facilities and engineering capabilities of its own and its subsidiaries in India and in Germany, Spain, Lithuania, and Italy and Mexico. [1]

  • Market Cap 17,805 Cr.
  • Current Price 469
  • High / Low 487 / 357
  • Stock P/E 28.9
  • Book Value 150
  • Dividend Yield 1.49 %
  • ROCE 14.5 %
  • ROE 11.2 %
  • Face Value 10.0

Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Company has been maintaining a healthy dividend payout of 40.8%

Cons

  • Stock is trading at 3.13 times its book value
  • Company has a low return on equity of 11.5% over last 3 years.
  • Promoter holding has decreased over last 3 years: -9.26%
  • Working capital days have increased from 46.6 days to 110 days

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025
1,111 1,142 1,102 1,188 1,137 1,164 1,144 1,136 1,119 1,163 1,204 1,254 1,274
950 967 924 1,002 963 973 959 951 948 977 1,021 1,055 1,079
Operating Profit 161 175 178 186 174 192 185 185 170 186 183 199 195
OPM % 14% 15% 16% 16% 15% 16% 16% 16% 15% 16% 15% 16% 15%
51 107 13 16 15 109 23 20 21 119 26 23 25
Interest 5 2 3 4 3 5 3 2 2 3 1 1 2
Depreciation 36 34 33 34 35 36 35 37 36 37 38 38 39
Profit before tax 172 247 156 164 150 260 170 166 153 264 170 184 179
Tax % 15% 16% 25% 25% 24% 17% 25% 25% 24% 17% 26% 25% 25%
146 208 117 123 115 217 127 124 116 219 127 138 134
EPS in Rs 3.85 5.47 3.09 3.24 3.02 5.72 3.34 3.26 3.06 5.76 3.34 3.64 3.52
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Dec 2015 9m Dec 2016 Dec 2017 Dec 2018 Dec 2019 Dec 2020 Dec 2021 Dec 2022 Dec 2023 Dec 2024 Dec 2025
1,642 1,331 1,611 1,961 3,146 2,894 2,145 3,291 4,398 4,570 4,563 4,896
1,507 1,230 1,464 1,764 2,724 2,549 1,943 2,862 3,776 3,857 3,832 4,133
Operating Profit 135 101 147 196 423 345 202 429 622 713 732 764
OPM % 8% 8% 9% 10% 13% 12% 9% 13% 14% 16% 16% 16%
20 6 12 5 -102 44 20 5 159 150 173 192
Interest 16 3 9 11 7 14 12 12 13 11 12 7
Depreciation 69 54 71 76 102 113 108 119 133 136 144 152
Profit before tax 70 50 79 115 212 264 102 302 633 717 749 797
Tax % -11% 37% 35% 40% 56% 35% 27% 63% 19% 22% 22% 23%
78 31 52 69 94 172 74 110 512 562 583 617
EPS in Rs 2.40 0.97 1.36 1.83 2.48 4.55 1.95 2.91 13.50 14.82 15.38 16.26
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 86% 19% 34% 46% 43%
Compounded Sales Growth
10 Years: 14%
5 Years: 18%
3 Years: 4%
TTM: 7%
Compounded Profit Growth
10 Years: 35%
5 Years: 53%
3 Years: 9%
TTM: 6%
Stock Price CAGR
10 Years: 11%
5 Years: 21%
3 Years: 7%
1 Year: 12%
Return on Equity
10 Years: 7%
5 Years: 10%
3 Years: 11%
Last Year: 11%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Dec 2015 Dec 2016 Dec 2017 Dec 2018 Dec 2019 Dec 2020 Dec 2021 Dec 2022 Dec 2023 Dec 2024 Dec 2025
Equity Capital 323 323 378 378 379 379 379 379 379 379 379 379
Reserves 1,986 2,021 3,086 3,121 3,318 3,492 3,566 3,671 4,092 4,561 4,953 5,308
58 18 138 101 86 97 93 238 171 112 33 23
369 410 414 492 756 779 974 1,140 1,201 1,187 1,201 1,262
Total Liabilities 2,735 2,772 4,017 4,092 4,539 4,748 5,012 5,429 5,842 6,239 6,566 6,973
521 529 511 611 1,906 2,018 2,122 2,208 2,257 2,317 2,391 2,375
CWIP 90 22 6 25 72 38 69 59 42 37 57 106
Investments 1,577 1,621 2,906 2,755 1,383 1,672 1,813 2,004 2,268 2,526 2,758 3,185
547 600 593 701 1,178 1,019 1,008 1,158 1,276 1,359 1,361 1,306
Total Assets 2,735 2,772 4,017 4,092 4,539 4,748 5,012 5,429 5,842 6,239 6,566 6,973

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Dec 2015 Dec 2016 Dec 2017 Dec 2018 Dec 2019 Dec 2020 Dec 2021 Dec 2022 Dec 2023 Dec 2024 Dec 2025
116 97 136 152 215 397 308 275 478 695 664 646
-52 -66 -708 -78 -206 -398 -252 -375 -304 -427 -364 -434
-89 -11 560 -63 5 0 -26 68 -172 -164 -284 -283
Net Cash Flow -25 20 -13 11 14 -1 30 -32 2 104 16 -71

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Dec 2015 Dec 2016 Dec 2017 Dec 2018 Dec 2019 Dec 2020 Dec 2021 Dec 2022 Dec 2023 Dec 2024 Dec 2025
Debtor Days 51 63 55 61 63 66 70 50 48 37 33 29
Inventory Days 62 88 62 61 87 70 120 101 75 70 71 73
Days Payable 87 115 110 111 94 97 176 127 96 93 96 103
Cash Conversion Cycle 26 35 7 11 56 39 14 24 26 14 8 -0
Working Capital Days 15 41 -6 5 37 25 7 3 12 11 19 110
ROCE % 5% 3% 3% 4% 9% 7% 3% 8% 14% 15% 15% 15%

Shareholding Pattern

Numbers in percentages

Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
68.90% 65.70% 65.70% 65.70% 65.70% 65.70% 65.70% 65.70% 65.70% 65.70% 65.70% 65.70%
8.62% 7.54% 6.61% 5.63% 5.11% 5.03% 4.32% 4.47% 4.38% 4.15% 4.23% 4.32%
11.19% 14.75% 15.40% 15.98% 18.12% 19.45% 20.33% 20.72% 20.91% 21.48% 21.52% 21.64%
0.01% 0.02% 0.03% 0.03% 0.04% 0.04% 0.04% 0.04% 0.04% 0.04% 0.04% 0.04%
11.26% 11.96% 12.26% 12.66% 11.03% 9.78% 9.60% 9.07% 8.98% 8.61% 8.50% 8.29%
No. of Shareholders 1,09,3321,13,7251,18,9201,36,3851,34,1851,24,0461,25,6481,26,3091,24,2381,21,2651,06,0891,03,202

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

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