CIE Automotive India Ltd logo

CIE Automotive India Ltd

CIEINDIA NSE

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]

AI Verdict: BUY Confidence: 6%

CIE Automotive India trades at a reasonable PE of 19.9x with strong profit CAGR of 53.8% over 5 years and a near debt-free balance sheet. While sales growth remains modest at 9% over 5 years, the company's improving profitability and healthy dividend payout of 27% support a buy case at current valuations.

Key Fundamentals

SmallcapAuto ComponentsAutomobiles
Market Cap
₹17,855 Cr
Volatility
Moderate
P/E Ratio
20.52
EBITDA
₹1,464 Cr
Return on Equity
13.32%
Debt to Equity
0.07
Book Value
₹196.62
EPS
₹21.36
52W High
₹526
52W Low
₹381.1

Technical Indicators

Key Insights

Strengths

4
  • Company has reduced debt.
  • Company is almost debt free.
  • Company has delivered good profit growth of 53.8% CAGR over last 5 years
  • Company has been maintaining a healthy dividend payout of 27.0%

Weaknesses

2
  • The company has delivered a poor sales growth of 9.23% over past five years.
  • Promoter holding has decreased over last 3 years: -3.19%

Growth Rate

Revenue Growth
4.44% ↘
Net Income Growth
0.33% ↘
Cash Flow Change
42.82% ↗
ROE
-11.55% ↘
ROCE
-12.01% ↘
EBITDA Margin (Avg.)
-5.93% ↘

AI Analysis — Bull vs Bear

Anthropic anthropic claude-opus-4.6 3d ago
BUY
Risk medium

CIE Automotive India trades at a reasonable PE of 19.9x with strong profit CAGR of 53.8% over 5 years and a near debt-free balance sheet. While sales growth remains modest at 9% over 5 years, the company's improving profitability and healthy dividend payout of 27% support a buy case at current valuations.

Bull Case 8
  • Exceptional profit growth with 5-year compounded profit CAGR of 54%, significantly outpacing revenue growth and indicating strong operating leverage
  • Near debt-free balance sheet with company having actively reduced debt, lowering financial risk and interest burden
  • Attractive valuation at PE of 19.9x relative to 5-year profit CAGR of 54%, implying a PEG ratio well below 1.0
  • Consistent dividend payout of 27% with current yield of 1.53%, providing income support for investors
  • 75% of analysts rate the stock a Buy (3 out of 4 analysts), reflecting positive consensus outlook
  • 3-year ROE of 15% demonstrates improving capital efficiency, up from 10-year average of 9%
  • TTM sales growth of 11% shows acceleration from the 3-year compounded sales growth of just 2%, indicating recovery momentum
  • 5-year stock CAGR of 16% shows long-term wealth creation ability despite recent underperformance
Bear Case 7
  • Tepid revenue growth of only 9.23% CAGR over 5 years suggests limited top-line scalability in core auto components business
  • Promoter holding declined by 3.19% over last 3 years, signaling potential lack of insider confidence
  • 3-year stock CAGR of -4% indicates sustained underperformance and negative price momentum over medium term
  • Last year ROE dropped to 12% from 3-year average of 15%, suggesting possible margin compression or efficiency decline
  • 1 out of 4 analysts (25%) rate the stock a Sell, indicating divided opinion on near-term outlook
  • 3-year compounded sales growth of only 2% reflects near stagnation in core business during FY21-FY24 period
  • Price-to-book ratio of 2.32x with declining ROE of 12% implies the stock may not justify its premium over book value

This is AI-generated analysis, not financial advice. Do your own due diligence.

AI News Digest

Anthropic anthropic claude-opus-4.6 14h ago
Neutral 3
  • No promoter shares encumbered FY26 Jun 20

    Promoter PIA2 confirmed zero shares were encumbered during FY26, disclosed under SEBI Takeover Regulations.

  • Investor meet held Jun 2 Jun 2

    CIE Automotive India held an investor meet on June 2, 2026, covering Q1CY2026 and Q4/Full Year CY2025 presentations.

  • 27th AGM transcript filed May 26

    Transcript for the 27th AGM held on April 29, 2026 was filed. The meeting was conducted via video conference.

TL;DR: Recent news flow for CIE Automotive India is entirely procedural with no material positive or negative catalysts. The company maintains clean promoter governance with no encumbered shares and continues routine investor engagement. No operational, financial, or sector-specific risks have surfaced in this period. The lack of newsflow suggests a steady-state phase with direction likely driven by upcoming quarterly results and broader auto sector trends.

Quarterly Results

  Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Sales
2,440
2,320
2,279
2,240
2,427
2,293
2,135
2,110
2,273
2,369
2,372
2,393
2,612
Expenses
2,060
1,950
1,934
1,913
2,066
1,933
1,804
1,811
1,937
2,032
2,016
2,058
2,210
Operating Profit
381
370
345
327
361
360
331
299
335
337
356
335
402
OPM %
16%
16%
15%
15%
15%
16%
15%
14%
15%
14%
15%
14%
15%
Other Income
75
108
209
18
52
32
27
40
37
23
20
28
31
Interest
24
22
31
30
22
21
17
18
13
2
4
9
9
Depreciation
83
83
78
78
86
84
80
81
86
87
89
96
94
PBT
349
372
445
237
304
287
260
240
273
271
283
259
329
Tax %
20%
19%
16%
29%
24%
24%
25%
23%
25%
25%
24%
21%
24%
Net Profit
279
302
375
169
230
217
195
185
206
204
214
204
249
EPS in Rs
7.36
7.95
9.9
4.45
6.08
5.72
5.15
4.88
5.44
5.37
5.64
5.39
6.57
Figures in ₹ Crores

Profit & Loss

  Mar 2015Dec 2015 9mDec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025TTM
Sales
5,570
4,001
5,320
6,428
8,032
7,908
6,050
6,765
8,753
9,280
8,964
9,406
9,746
Expenses
5,128
3,638
4,789
5,622
7,031
6,940
5,548
5,823
7,581
7,856
7,613
8,044
8,317
Operating Profit
442
363
531
806
1,001
968
502
942
1,172
1,424
1,351
1,362
1,429
OPM %
8%
9%
10%
13%
12%
12%
8%
14%
13%
15%
15%
14%
15%
Other Income
-183
-49
22
20
39
28
55
32
-749
409
150
109
102
Interest
121
50
59
51
50
52
55
35
23
107
78
27
23
Depreciation
238
163
232
268
287
316
306
273
296
322
331
358
366
PBT
-100
101
262
507
702
628
195
666
104
1,403
1,092
1,087
1,142
Tax %
-22%
24%
35%
29%
29%
44%
45%
41%
231%
20%
24%
24%
—
Net Profit
-78
77
169
358
498
354
106
393
-136
1,125
828
828
871
EPS in Rs
-2.42
2.37
4.47
9.47
13.15
9.33
2.81
10.37
-3.59
29.66
21.81
21.83
22.97
Div. Payout %
0%
0%
0%
0%
0%
0%
0%
24%
-70%
17%
32%
32%
—
Figures in ₹ Crores

Balance Sheet

  Mar 2015Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025
Equity Capital
323
323
378
378
379
379
379
379
379
379
379
379
Reserves
1,564
1,683
2,888
3,337
3,910
4,255
4,529
4,818
4,719
5,609
6,197
7,080
Borrowings
1,549
1,085
1,392
1,197
1,613
1,469
1,648
1,487
985
855
570
426
Other Liabilities
1,515
2,052
2,177
2,587
2,582
2,460
2,808
3,137
3,837
2,909
2,602
2,850
Total Liabilities
4,951
5,143
6,835
7,499
8,484
8,563
9,364
9,821
9,920
9,753
9,749
10,736
Fixed Assets
3,124
3,293
4,517
4,750
4,905
6,044
6,741
6,587
5,547
5,810
5,857
6,200
CWIP
126
56
97
60
96
54
12
125
119
54
66
130
Investments
57
67
39
55
681
96
234
438
576
821
1,038
1,459
Other Assets
1,643
1,727
2,182
2,634
2,802
2,370
2,376
2,671
3,678
3,068
2,787
2,947
Total Assets
4,951
5,143
6,835
7,499
8,484
8,563
9,364
9,821
9,920
9,753
9,749
10,736
Figures in ₹ Crores

Cash Flow

  Mar 2015Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025
Operating
322
680
304
512
708
1,027
539
1,051
1,118
1,383
881
1,258
Investing
-184
-225
-831
-303
-1,017
-589
-422
-762
-637
-905
-237
-802
Financing
-294
-494
575
-236
362
-404
-38
-363
-488
-427
-553
-526
Net Cash Flow
-155
-39
48
-26
53
34
80
-74
-6
51
91
-70
Free Cash Flow
115
479
106
212
304
613
238
573
675
871
500
885
CFO/OP
78
194
68
77
85
118
118
123
112
122
85
112
Figures in ₹ Crores

Ratios

  Mar 2015Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025
Debtor Days
28
35
36
34
34
34
43
36
36
25
26
24
Inventory Days
98
152
142
128
123
103
131
148
93
86
85
86
Days Payable
149
296
260
204
169
144
190
212
163
144
124
143
Cash Conversion Cycle
-24
-109
-82
-42
-12
-7
-16
-28
-35
-32
-13
-33
Working Capital Days
-9
-73
-48
-20
-18
-31
-44
-45
-34
-38
-2
-16
ROCE %
10%
10%
8%
12%
14%
11%
4%
11%
15%
18%
17%
15%

Shareholding Pattern

As of Mar 2026
Promoters 65.70%
DIIs 21.32%
Public 5.99%
FIIs 4.73%
Others 2.21%
Government 0.05%
Total 100.00%
  Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Promoters
71.61%
72.19%
72.19%
72.19%
72.17%
74.87%
74.96%
74.96%
68.89%
65.70%
65.70%
65.70%
65.70%
65.70%
65.70%
65.70%
65.70%
65.70%
65.70%
65.70%
65.70%
FIIs
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
5.12%
5.03%
4.33%
4.47%
4.37%
4.15%
4.24%
4.32%
4.73%
DIIs
3.31%
5.34%
7.50%
7.42%
7.02%
7.73%
7.47%
7.47%
11.21%
13.92%
14.45%
14.94%
18.12%
19.44%
20.33%
20.72%
20.91%
21.49%
21.52%
21.63%
21.32%
Government
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.01%
0.02%
0.03%
0.03%
0.04%
0.04%
0.04%
0.04%
0.04%
0.04%
0.04%
0.04%
0.05%
Public
9.25%
8.77%
8.87%
9.00%
9.09%
9.37%
6.55%
6.80%
7.40%
7.97%
8.22%
8.52%
8.17%
7.21%
7.09%
6.70%
6.59%
6.30%
6.22%
6.05%
5.99%
Others
15.83%
13.70%
11.44%
11.39%
11.71%
8.03%
11.01%
10.76%
12.47%
12.38%
11.60%
10.81%
2.86%
2.57%
2.51%
2.37%
2.39%
2.31%
2.28%
2.25%
2.21%
No. of Shareholders
0
62,702
59,314
65,476
74,877
80,016
84,479
89,955
1,09,332
1,13,725
1,18,920
1,36,385
1,34,185
1,24,046
1,25,648
1,26,309
1,24,238
1,21,265
1,06,089
1,03,202
1,00,114

Documents

Frequently Asked Questions about CIE Automotive India Ltd

What does CIE Automotive India Ltd do?
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 ...
Where is CIE Automotive India Ltd (CIEINDIA) listed?
CIE Automotive India Ltd is listed on the Indian stock exchanges. It is listed on NSE: CIEINDIA and BSE: 532756. You can view its live share price, financials, and ratios on Tapetide.
Which sector does CIE Automotive India Ltd belong to?
CIE Automotive India Ltd operates in the Consumer Discretionary sector within the Auto Components industry. Sector classification helps investors compare companies affected by similar economic conditions and regulatory changes.
What is the market capitalisation of CIE Automotive India Ltd?
CIE Automotive India Ltd has a market capitalisation of approximately ₹17854.69 Cr. Based on this, it is classified as a Mid Cap stock.
What is the PE ratio of CIE Automotive India Ltd?
The Price-to-Earnings (PE) ratio of CIE Automotive India Ltd is 20.52. The PE ratio compares a company's share price to its earnings per share and is commonly used to assess whether a stock is overvalued or undervalued relative to its peers.
What is the 52-week high and low of CIE Automotive India Ltd?
Over the past 52 weeks, CIE Automotive India Ltd has traded between a low of ₹381.1 and a high of ₹526. This range helps investors understand the stock's price volatility and recent trading levels.
Does CIE Automotive India Ltd pay dividends?
Yes, CIE Automotive India Ltd has a dividend yield of 1.49%. Dividend yield indicates the annual dividend income relative to the share price. A consistent dividend history can signal financial stability.
What is the Return on Equity (ROE) of CIE Automotive India Ltd?
CIE Automotive India Ltd has a Return on Equity (ROE) of 13.32%. ROE measures how effectively a company uses shareholders' equity to generate profits. A higher ROE generally indicates better capital efficiency.
How can I research CIE Automotive India Ltd on Tapetide?
On Tapetide, you can view CIE Automotive India Ltd's live share price, quarterly results, profit & loss statements, balance sheet, cash flow, key ratios, shareholding pattern, technical indicators, analyst ratings, and forecasts — all on a single page without needing to sign up.

Company Information

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]

Website cie-india.com
CEO Mr. Ander Arenaza Alvarez
Employees 4,190
Listed 2007-08-30
Face Value ₹ 10
Issued Size 37,93,62,377

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