CIE Automotive India
Stock Snapshot
Price Performance
Vista Outlook
View Technicals Analysis →Basis of our Recommendation
CIE Automotive India's recent management commentary highlights a bifurcated performance, with strong growth in the Indian market driven by new order wins and capacity expansions, while the European segment faces challenges due to subdued demand and increased competition. The company's focus on quality growth and operational efficiency is expected to support stable margins, despite inflationary pressures. Vista's financial outlook reflects a stable revenue growth trajectory, with margins anticipated to remain consistent, aligning with the company's strategic initiatives. The expected upside is supported by the ongoing transition to electric vehicles, which presents significant opportunities for CIE Automotive India, particularly in the Indian market. However, headwinds from geopolitical tensions and competitive threats in Europe could impact overall performance. Over the next 12-24 months, key opportunities include expanding EV-related product offerings and leveraging new customer contracts, while watchpoints include managing cost inflation and navigating the volatile European market landscape
Why We Like This Stock
- Strong growth in the Indian automotive market driven by new order wins and capacity expansions
- Focus on operational efficiency and quality growth is expected to support stable margins
- Significant opportunities in the electric vehicle segment align with industry trends
Things To Watch Out For
- Subdued demand and increased competition in the European market pose significant challenges
- Geopolitical tensions and inflationary pressures could impact margins and overall performance
- Visibility on growth in Europe remains uncertain, affecting long-term strategic planning
Key Parameters
Financial Snapshot
| Actuals | Forecast | ||||
|---|---|---|---|---|---|
| FY24 | FY25 | FY26 | FY27 | FY28 | |
| Revenue (Cr.) | 9,280 | 8,964 | 9,406 | 10,110 | 10,798 |
| Profit Before Tax (Cr.) | 1,076 | 1,083 | 1,082 | 1,198 | 1,281 |
| PBT Margin | 11.6% | 12.1% | 1150.3% | 11.9% | 11.9% |
| Net Profit (Cr.) | 1,129 | 828 | 828 | 911 | 973 |
| Earnings Per Share | 29.8 | 21.8 | 21.8 | 24.0 | 25.7 |
Analyst Recommendations
| Broker | Recommendation | Target Price | Date |
|---|---|---|---|
| ICICI Securities | ► Add | 475 | 24-Jul-2026 |
| Kotak Securities | ▼ Sell | 450 | 24-Jul-2026 |
| Motilal Oswal | ▲ Buy | 501 | 24-Jul-2026 |
Company Overview
Show Company Profile
CIE Automotive India Limited produces and sells automotive components to original equipment manufacturers and other customers in India, Europe, and internationally. It offers forgings, such as crankshafts, CV joints, knuckles, diff Casw, and spindles; gears, including gears and shafts, e-drive components, flanges/end yokes, and clutch hubs; composites comprising front lid, wind shield-electric-3WH, electric box top tray, and front bumper; and crankcase, pump housing, and brake panel aluminum products. The company also provides iron castings, such as differential, turbine, and axle housings, as well as gear carriers; hard and soft magnets; and stampings, including chassis and structural parts, BIW panels and assemblies, cross car beam, safety assemblies, and fuel tanks. In addition, it offers stub axle as forged and machined, steering shaft, wheel hubs, steering yokes, constant velocity joints, steel metal stamping, components and assemblies; turbo chargers housing; axle and transmission parts; and engine gear, timing gear, and drive shafts. The company's products are used in cars, utility vehicles, light commercial vehicles, tractors, medium and heavy commercial vehicles, off road vehicles, and two-wheelers. The company was formerly known as Mahindra CIE Automotive Limited and changed its name to CIE Automotive India Limited in June 2023. The company was incorporated in 1999 and is based in Pune, India. CIE Automotive India Limited is a subsidiary of Participaciones Internacionales Autometal, Dos S.L.