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Mahindra CIE Automotive Ltd

Updated on November 14, 2019

Stock/Share Code - MAHINDCIE

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.

Below is the details of MAHINDCIE Mahindra CIE Automotive Ltd

Market Cap₹5,850 Cr.
Current Price ₹144.15 as on 20 Nov 19
52 Week High / Low Price₹302 / ₹135.1
Face Value₹10
Stock P/E44.55
Book Value₹95.38
Dividend Yield0.00 %
ROCE7.15 %
ROE1.96 %
Sales Growth (3yrs)23.87 %
SectorCastings, Forgings & Fastners
IndustryCastings & Forgings
Listed onBSE  AND  NSE
Company WebsiteCompany Website
Pros: Company is virtually debt free.
Cons: Though the company is reporting repeated profits, it is not paying out dividend Promoter's stake has decreased Company has a low return on equity of 2.01% for last 3 years.

Mahindra CIE Automotive Ltd Price Chart

Mahindra CIE Automotive Ltd Price Chart

Mahindra CIE Automotive Ltd Peer Comparison in Castings, Forgings & Fastners

S.No. Name CMP Rs. P/E Mar Cap Rs.Cr. Div Yld % NP Qtr Rs.Cr. Qtr Profit Var % Qtr Sales Var % Sales Qtr Rs.Cr. ROCE %
1. Bharat Forge ₹458.25 17.59 ₹17,894.9 Cr. 1.30 ₹171.92 Cr. -27.99 -3.56 2327.86 19.68
2. AIA Engg. ₹1,648.75 36.85 ₹14,471.75 Cr. 0.59 ₹83.41 Cr. -20.93 -11.90 602.16 17.45
3. Mahindra CIE ₹560.45 44.55 ₹5,849.85 Cr. 0.00 ₹23.35 Cr. -46.75 -16.78 540.91 7.15
4. Mahindra CIE ₹560.45 11.56 ₹5,849.85 Cr. 0.00 ₹126.22 Cr. -9.14 3.04 2141.99 13.86
5. Ramkrishna Forg. ₹305 8.34 ₹1,002.78 Cr. 0.49 ₹13.79 Cr. -50.52 -5.38 400.62 15.81
6. M M Forgings ₹383.05 11.74 ₹885.24 Cr. 1.36 ₹15.36 Cr. -6.85 1.22 223.85 14.75
7. Electrost.Cast. ₹11.1 3.17 ₹585.92 Cr. 0.00 ₹38.77 Cr. 112.32 13.22 653.27 9.21
8. Nelcast ₹42.75 9.01 ₹346.26 Cr. 2.51 ₹6.99 Cr. -38.79 -8.13 188.67 12.33

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Mahindra CIE Automotive Ltd Fundamentals

Quarterly Results

Quarterly reports are issued by companies every three months. Most companies have a financial year-end of Mar. 31 and quarters that end on June 30, Sept. 30, Dec. 31 and March 31.

Standalone Figures in Rs. Crores

Sep 2016Dec 2016Mar 2017Jun 2017Sep 2017Dec 2017Mar 2018Jun 2018Sep 2018Dec 2018Mar 2019Jun 2019
YOY Sales Growth %-7.35%-8.42%14.93%11.21%33.82%39.58%31.98%44.59%21.68%9.67%4.81%-16.78%
Material Cost %51.79%52.93%55.05%51.08%53.28%50.18%54.83%55.19%55.56%55.32%55.35%55.26%
Employee Cost %14.08%13.98%12.02%12.6%12.45%12.87%10.99%11.06%11.14%11.81%11.18%12.57%
Operating Profit34.9034.1644.3142.7158.7159.3675.0481.5480.3070.1278.6454.08
OPM %8.71%8.49%9.54%9.50%10.95%10.57%12.24%12.55%12.31%11.39%12.24%10.00%
Other Income6.005.042.434.263.13-4.094.995.194.18-118.3314.826.50
Profit before tax21.2116.9326.3626.9038.8829.0859.6667.5364.94-68.8372.7637.05
Tax %33.80%35.38%36.87%34.39%36.99%49.62%35.35%35.07%34.43%-30.02%35.50%36.98%
Net Profit14.0510.9416.6417.6524.5014.6538.5743.8542.58-89.4846.9323.35
EPS in Rs0.430.290.440.470.650.391.021.161.12-2.361.240.62

Profit & Loss

The profit and loss (P&L) statement is a financial statement that summarizes the revenues, costs and expenses incurred during a specified period, usually a fiscal quarter or year. The P&L statement is synonymous with the income statement. These records provide information about a company's ability or inability to generate profit" by increasing revenue, reducing costs or both. Some refer to the P&L statement as a statement of profit and loss, income statement, statement of operations, statement of financial results or income, earnings statement or expense statement.

Standalone Figures in Rs. Crores

Mar 2008Mar 2009Mar 2010Mar 2011Mar 2012Mar 2013Mar 2014Mar 2015Dec 2015Dec 2016Dec 2017Dec 2018TTM
Sales Growth %1.29%10.73%26.65%18.58%21.29%1.83%-12.23%325.4%244.79%21.07%21.68%29%%
Material Cost %59.78%63.42%53.27%57.47%56.5%53.02%52.64%54.91%47.33%51.94%52.95%55.2%%
Manufacturing Cost %21.12%19.77%19.33%22.7%23.09%20.59%20.33%19.46%27.15%19.16%17.59%15.66%%
Employee Cost %6.02%8.84%7.03%6.77%6.59%6.96%8.94%11.48%11.31%13.82%12.54%11.26%%
Other Cost %4.7%5.32%5.16%4.41%4.4%4.26%4.51%5.94%6.62%5.96%6.93%5.86%%
Operating Profit17.956.3045.7130.7840.7066.7052.41134.71101.12146.90196.20304.20283.14
OPM %8.38%2.66%15.22%8.64%9.42%15.17%13.58%8.20%7.60%9.12%10.01%12.03%11.55%
Other Income-11.973.86-89.042.771.504.086.4519.945.9111.605.30-98.80-92.83
Profit before tax-18.50-34.77-94.71-3.186.7837.5426.7670.2749.9478.90114.80123.30105.92
Tax %26.92%-19.07%-0.02%-0.00%0.00%-8.87%32.85%-10.53%37.30%34.73%39.63%71.21%
Net Profit-13.52-41.40-94.73-3.186.7840.8717.9777.6731.3151.5069.3035.5023.38
EPS in Rs0.
Dividend Payout %-0.00%-0.00%-0.00%-0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Compounded Sales Growth

  • 5 Years:: 41.89%
  • 3 Years:: 23.87%
  • TTM:: 3.85%

Compounded Profit Growth

  • 5 Years:: 10.94%
  • 3 Years:: 30.06%
  • TTM:: -80.77%

Return on Equity

  • 5 Years:: 1.99%
  • 3 Years:: 2.01%
  • Last Year:: 1.96%

Balance Sheet

A balance sheet is a financial statement that reports a company's assets, liabilities and shareholders' equity at a specific point in time, and provides a basis for computing rates of return and evaluating its capital structure. It is a financial statement that provides a snapshot of what a company owns and owes, as well as the amount invested by shareholders. It is used alongside other important financial statements such as the income statement and statement of cash flows in conducting fundamental analysis or calculating financial ratios.

Standalone Figures in Rs. Crores

Mar 2008Mar 2009Mar 2010Mar 2011Mar 2012Mar 2013Mar 2014Mar 2015Dec 2015Dec 2016Dec 2017Dec 2018Jun 2019
Share Capital68.5768.5787.8687.8792.1792.1792.34322.98323.34378.10378.40378.80379.00
Equity Capital68.5768.5787.8687.8792.1792.1792.34322.98323.34378.1378.4378.8379
Other Liabilities61.7362.14115.0199.9486.59115.71110.01392.98428.24434.70515.30531.90542.56
Trade Payables40.3941.0870.3973.9976.0875.7574.8200.24186.77255.9314.7311.2281.02
Total Liabilities1,035.59972.931,047.521,026.021,014.721,050.211,117.752,759.012,790.604,036.804,116.304,210.704,496.71
Fixed Assets162.23192.91191.35179.63202.42193.01173.54521.39528.75510.70611.20605.40624.27
Gross Block247.77259.53279.33289.61336.2351.02359.691085.4582.54634.5872.9925.8
Accumulated Depreciation85.5466.6287.98109.98133.78158.01186.15564.0153.79123.8261.7320.4
Other Assets77.2465.32123.69130.99112.91122.63121.48570.54618.83613.50724.70857.10795.88
Trade receivables26.0629.5328.2856.0443.8142.0449.32230.68230.27243.1329.3391.4371.4
Cash Equivalents2.784.687.841.866.622.376.0517.7725.6612.823.434.530.28
Loans n Advances23.416.4942.4613.296.0725.2712.4266.56129.5579.867.752.15.97
Other Assets etc0006.728.056.229.34103.0582.04136.1131.5135.5165.21
Total Assets1,035.59972.931,047.521,026.021,014.721,050.211,117.752,759.012,790.604,036.804,116.304,210.704,496.71

Cash Flows

Cash flow is the net amount of cash and cash-equivalents being transferred into and out of a business. At the most fundamental level, a company’s ability to create value for shareholders is determined by its ability to generate positive cash flows, or more specifically, maximize long-term free cash flow.

Standalone Figures in Rs. Crores

Mar 2008Mar 2009Mar 2010Mar 2011Mar 2012Mar 2013Mar 2014Mar 2015Dec 2015Dec 2016Dec 2017Dec 2018
Cash from Operating Activity209.0111.0124.44-13.4065.1386.0643.84116.5097.27135.70151.90133.40
Profit from operations21.1911.5147.4333.4745.0871.9154.16150.71107.25163.2216324.3
Working Capital Changes188.04-1.02-22.91-46.9719.9915.82-4.56-13.94-0.86-10.4-43.3-141.1
Taxes paid-0.220.52-
Cash from Investing Activity-135.79-16.85-128.1132.85-21.61-49.12-80.20-52.13-66.48-708.50-78.00-155.60
Fixed Assets Purchased-120.64-17.14-8.77-20.3-22.13-10.49-7.42-80.62-25.41-37.6-58.9-109.3
Fixed Assets Sold0.
Investments purchased-18.9-0.32-312.16-37.53-14.78-89.49-184.25-315.58-295.50-20.8-617.1
Investments sold00192.0564.998.5550.53167.91329.14280.3435.600
Cash from Financing Activity-86.107.74104.98-24.97-38.25-41.6940.69-89.30-10.94560.20-63.3033.30
Proceeds from Shares55.780231.210.1544.180.020.858.662.82452.56.65.7
Proceeds from Borrowings06.48038.750059.1348.290000
Repayment of Borrowings-119.06-17.35-29.55-49.21-69.53-3.66-13.95-22.290000
Interest Paid-22.82-25.39-29.87-14.44-11.34-5.68-3.73-14.42-3.26-8.6-10.8-8.2
Net Cash Flow-12.881.901.31-5.525.27-4.754.33-24.9319.85-12.6010.6011.10

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Mar 2008Mar 2009Mar 2010Mar 2011Mar 2012Mar 2013Mar 2014Mar 2015Dec 2015Dec 2016Dec 2017Dec 2018
ROCE %2.06%-0.84%2.82%1.20%2.04%4.67%3.12%4.82%3.16%3.24%3.68%7.15%
Debtor Days44.4245.4634.3857.4437.0234.8946.6451.2863.1555.0761.3056.48
Inventory Turnover8.809.568.617.258.529.258.4816.6813.6011.0012.4712.15

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