Mahindra CIE Automotive Ltd

About [ edit ]

Mahindra CIE Automotive is engaged in the Business of Production and sale of automotive componts to orginal equipment manufacturing and other customers in india and overseas.

  • Market Cap 6,843 Cr.
  • Current Price 181
  • High / Low 235 / 80.6
  • Stock P/E 127
  • Book Value 129
  • Dividend Yield 0.00 %
  • ROCE 3.66 %
  • ROE 2.02 %
  • Face Value 10.0

Pros

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • The company has delivered a poor sales growth of 8.62% over past five years.
  • Company has a low return on equity of 7.17% for last 3 years.
  • Company might be capitalizing the interest cost
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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021
2,079 1,981 1,975 2,174 2,142 1,868 1,723 1,663 735 1,694 1,958 2,189
1,797 1,772 1,722 1,893 1,880 1,659 1,509 1,480 832 1,526 1,710 1,903
Operating Profit 282 209 253 281 262 209 214 182 -97 168 247 287
OPM % 14% 11% 13% 13% 12% 11% 12% 11% -13% 10% 13% 13%
Other Income 9 7 18 15 8 9 -2 5 18 25 7 19
Interest 24 4 19 10 12 20 11 18 17 14 6 14
Depreciation 74 68 74 74 84 79 79 82 52 85 88 88
Profit before tax 193 144 179 212 173 120 123 87 -147 94 161 204
Tax % 28% 37% 22% 28% 27% 49% 89% 28% 12% 35% 31% 95%
Net Profit 139 92 139 152 126 61 14 63 -129 61 112 10
EPS in Rs 3.67 2.42 3.67 4.02 3.33 1.61 0.37 1.65 -3.40 1.60 2.95 0.27

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Dec 2015 Dec 2016 Dec 2017 Dec 2018 Dec 2019 Dec 2020 TTM
1,324 1,925 2,440 2,216 2,591 5,570 4,001 5,320 6,428 8,032 7,908 6,050 6,577
1,332 1,748 2,227 2,174 2,482 5,131 3,639 4,795 5,622 7,031 6,940 5,549 5,971
Operating Profit -7 177 214 42 109 439 361 525 806 1,001 968 501 606
OPM % -1% 9% 9% 2% 4% 8% 9% 10% 13% 12% 12% 8% 9%
Other Income -29 1 3 4 5 -180 -47 29 20 39 28 55 69
Interest 61 53 49 49 63 121 50 59 51 50 52 55 51
Depreciation 137 120 113 110 120 238 163 232 268 287 316 306 313
Profit before tax -235 5 55 -114 -70 -100 101 262 507 702 628 195 311
Tax % 21% 19% 6% 0% -17% 22% 24% 35% 29% 29% 44% 45%
Net Profit -184 4 51 -114 -81 -78 77 169 358 498 354 106 54
EPS in Rs -21.00 0.43 5.55 -12.36 -8.82 -2.42 2.37 4.47 9.47 13.15 9.33 2.81 1.42
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years:16%
5 Years:9%
3 Years:-2%
TTM:-11%
Compounded Profit Growth
10 Years:10%
5 Years:-6%
3 Years:-36%
TTM:-79%
Stock Price CAGR
10 Years:9%
5 Years:-1%
3 Years:-9%
1 Year:114%
Return on Equity
10 Years:6%
5 Years:8%
3 Years:7%
Last Year:2%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Dec 2015 Dec 2016 Dec 2017 Dec 2018 Dec 2019 Dec 2020
88 88 92 92 92 323 323 378 378 379 379 379
Reserves 688 689 779 662 564 1,564 1,683 2,888 3,337 3,910 4,255 4,529
Borrowings 654 697 606 684 734 1,549 1,085 1,392 1,197 1,613 1,469 1,648
401 475 551 509 621 1,515 2,052 2,177 2,587 2,582 2,460 2,808
Total Liabilities 1,830 1,948 2,029 1,947 2,011 4,951 5,143 6,835 7,499 8,484 8,563 9,364
1,187 1,142 1,191 1,159 1,211 3,124 3,293 4,517 4,750 4,905 6,044 6,741
CWIP 48 57 53 51 29 126 56 97 60 96 54 12
Investments 29 2 2 41 58 57 67 39 55 681 96 234
565 748 782 695 713 1,643 1,727 2,182 2,634 2,802 2,370 2,376
Total Assets 1,830 1,948 2,029 1,947 2,011 4,951 5,143 6,835 7,499 8,484 8,563 9,364

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Dec 2015 Dec 2016 Dec 2017 Dec 2018 Dec 2019 Dec 2020
44 52 246 102 211 322 680 304 512 708 1,027 539
-0 -57 -157 -102 -88 -184 -225 -831 -303 -1,017 -589 -422
-49 -5 -91 19 -116 -294 -494 575 -236 362 -404 -38
Net Cash Flow -6 -10 -2 19 7 -155 -39 48 -26 53 34 80

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Dec 2015 Dec 2016 Dec 2017 Dec 2018 Dec 2019 Dec 2020
ROCE % -9% 4% 7% -4% 0% 10% 10% 8% 12% 14% 11% 4%
Debtor Days 54 60 44 44 23 28 35 36 34 34 34 43
Inventory Turnover 2.56 3.51 3.76 3.40 3.75 5.42 3.57 3.14 3.42 3.61 3.62 3.05

Shareholding Pattern

Numbers in percentages

Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021
69.83 67.76 67.73 67.72 67.69 67.69 67.69 67.72 69.46 71.61 71.61 71.61
4.96 7.68 9.69 10.10 10.27 10.51 14.04 14.85 14.58 14.46 14.61 14.80
8.36 8.08 7.29 7.06 7.12 7.11 6.60 6.78 5.33 3.37 3.65 3.56
16.85 16.48 15.29 15.11 14.92 14.70 11.68 10.65 10.63 10.56 10.13 10.02

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