Mahindra CIE Automotive Ltd

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: 4,614 Cr.
  • Current Price: 121.75
  • 52 weeks High / Low 184.30 / 58.60
  • Book Value: 122.29
  • Stock P/E: 9,048
  • Dividend Yield: 0.00 %
  • ROCE: 11.41 %
  • ROE: 7.99 %
  • Sales Growth (3Yrs): 14.13 %
  • Listed on BSE and NSE
  • Company Website
  • Face Value: 10.00
Edit ratios
Pros:
Stock is trading at 1.00 times its book value
Company has delivered good profit growth of 46.43% CAGR over last 5 years
Promoter holding has increased by 1.74% over last quarter.
Cons:
Though the company is reporting repeated profits, it is not paying out dividend
Company has a low return on equity of 10.17% for last 3 years.
Company might be capitalizing the interest cost

Peer comparison Sector: Castings, Forgings & Fastners // Industry: Castings & Forgings

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Quarterly Results Consolidated Figures in Rs. Crores / View Standalone

Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020
1,997 2,079 1,981 1,975 2,174 2,142 1,868 1,723 1,663 735
1,738 1,797 1,772 1,722 1,893 1,880 1,659 1,509 1,480 832
Operating Profit 259 282 209 253 281 262 209 214 182 -97
OPM % 13% 14% 11% 13% 13% 12% 11% 12% 11% -13%
Other Income 5 9 7 18 15 8 9 -2 5 18
Interest 3 24 4 19 10 12 20 11 18 17
Depreciation 71 74 68 74 74 84 79 79 82 52
Profit before tax 190 193 144 179 212 173 120 123 87 -147
Tax % 31% 28% 37% 22% 28% 27% 49% 89% 28% 12%
Net Profit 132 139 92 139 152 126 61 14 63 -129
EPS in Rs 3.48 3.67 2.42 3.67 4.03 3.33 1.61 0.36 1.65 -3.40
Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes

Profit & Loss Consolidated Figures in Rs. Crores / View Standalone

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Dec 2015 Dec 2016 Dec 2017 Dec 2018 Dec 2019 TTM
2,239 1,324 1,925 2,440 2,216 2,591 5,570 4,001 5,320 6,428 8,032 7,908 5,990
2,091 1,332 1,748 2,227 2,174 2,482 5,131 3,639 4,795 5,622 7,031 6,940 5,480
Operating Profit 148 -7 177 214 42 109 439 361 525 806 1,001 968 509
OPM % 7% -1% 9% 9% 2% 4% 8% 9% 10% 13% 12% 12% 8%
Other Income -36 -29 1 3 4 5 -180 -47 29 20 39 28 30
Interest 71 61 53 49 49 63 121 50 59 51 50 52 65
Depreciation 149 137 120 113 110 120 238 163 232 268 287 316 291
Profit before tax -109 -235 5 55 -114 -70 -100 101 262 507 702 628 183
Tax % -7% 21% 19% 6% 0% -17% 22% 24% 35% 29% 29% 44%
Net Profit -117 -184 4 51 -114 -81 -78 77 169 358 498 354 9
EPS in Rs 0.00 0.00 0.43 5.55 0.00 0.00 0.00 3.16 4.47 9.47 13.15 9.34 0.22
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
* Sales is net of excise duty and discounts
Compounded Sales Growth
10 Years:13.45%
5 Years:25.00%
3 Years:14.13%
TTM:-27.60%
Compounded Profit Growth
10 Years:21.06%
5 Years:46.43%
3 Years:27.80%
TTM:-99.90%
Stock Price CAGR
10 Years:1.30%
5 Years:-13.82%
3 Years:-20.20%
1 Year:-29.99%
Return on Equity
10 Years:6.24%
5 Years:9.51%
3 Years:10.17%
Last Year:7.99%

Balance Sheet Consolidated Figures in Rs. Crores / View Standalone

Corp Actions
Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Dec 2015 Dec 2016 Dec 2017 Dec 2018 Dec 2019 Jun 2020
69 88 88 92 92 92 323 323 378 378 379 379 379
Reserves 673 688 689 779 662 564 1,564 1,683 2,888 3,337 3,910 4,255 4,256
Borrowings 874 654 697 606 684 734 1,549 1,085 1,392 1,197 1,613 1,469 1,554
470 401 475 551 509 621 1,515 2,052 2,177 2,587 2,582 2,460 2,686
Total Liabilities 2,085 1,830 1,948 2,029 1,947 2,011 4,951 5,143 6,835 7,499 8,484 8,563 8,875
1,347 1,187 1,142 1,191 1,159 1,211 3,124 3,293 4,517 4,750 4,905 6,044 6,472
CWIP 54 48 57 53 51 29 126 56 97 60 96 54 66
Investments 2 29 2 2 41 58 57 67 39 55 681 96 211
682 565 748 782 695 713 1,643 1,727 2,182 2,634 2,802 2,370 2,126
Total Assets 2,085 1,830 1,948 2,029 1,947 2,011 4,951 5,143 6,835 7,499 8,484 8,563 8,875

Cash Flows Consolidated Figures in Rs. Crores / View Standalone

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Dec 2015 Dec 2016 Dec 2017 Dec 2018 Dec 2019
142 44 52 246 102 211 322 680 304 512 708 1,027
-168 -0 -57 -157 -102 -88 -184 -225 -831 -303 -1,017 -589
17 -49 -5 -91 19 -116 -294 -494 575 -236 362 -404
Net Cash Flow -9 -6 -10 -2 19 7 -155 -39 48 -26 53 34

Ratios Consolidated Figures in Rs. Crores / View Standalone

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Dec 2015 Dec 2016 Dec 2017 Dec 2018 Dec 2019
ROCE % 0% -9% 4% 7% -4% 0% 10% 10% 8% 12% 14% 11%
Debtor Days 32 54 60 44 44 23 28 35 36 34 34 34
Inventory Turnover 3.41 2.56 3.51 3.76 3.40 3.75 5.42 3.57 3.14 3.42 3.61 3.62

Shareholding pattern in percentages

Sep 2017 Dec 2017 Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020
69.86 69.86 69.84 69.83 67.76 67.73 67.72 67.69 67.69 67.69 67.72 69.46
5.47 5.72 5.59 4.96 7.68 9.69 10.10 10.27 10.51 14.04 14.85 14.58
6.43 7.12 7.78 8.36 8.08 7.29 7.06 7.12 7.11 6.60 6.78 5.33
18.25 17.30 16.79 16.85 16.48 15.29 15.11 14.92 14.70 11.68 10.65 10.63