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CIE Automotive India

CIEINDIA NSE
₹350.45 +1.20 (+0.34%)
P/E
14.25
View as Markdown
MCP
Close 4 Nov 2026 ₹350.45 −80.05 −18.6% 1Y
Start ₹430.50

Key Fundamentals

MicrocapAuto ComponentsConsumer Discretionary

Price-based figures as of · EPS basis: Consolidated · TTM

ROCE
14.70%
Debt to Equity
0.07
EPS (TTM)
₹24.59
Book Value
₹204.13
Market Cap
—
P/E (TTM)
14.25
P/B
1.72
ROE
11.80%
Dividend Yield
2.00%
EBITDA
₹1,464 Cr
52W High
₹526.00
52W Low
₹341.00
Day Range
₹346.40 – ₹355.15
Volume
2,52,151

Peer Comparison

Consumer Discretionary › Automobiles › Auto Components › Auto Components & Equipments

CIE Automotive peer comparison
Samvardhana Motherson International
₹159.4938.43₹1,68,660 Cr3.980.37%11.20%13.40%₹1,31,135 Cr₹4,556 Cr
Bosch
₹50,925.0063.56₹1,48,351 Cr10.110.54%14.60%21.50%₹21,088 Cr₹2,363 Cr
Bharat Forge
₹1,812.80122.74₹86,739 Cr7.650.48%12.00%12.60%₹17,543 Cr₹715 Cr
UNO Minda
₹1,196.9057.49₹67,494 Cr10.130.24%19.30%19.60%₹20,725 Cr₹1,291 Cr
Sona BLW Precision Forgings
₹893.7074.48₹56,293 Cr8.700.38%11.70%15.10%₹4,514 Cr₹746 Cr
Schaeffler India
₹3,507.2042.47₹55,555 Cr8.920.99%20.80%27.90%₹10,192 Cr₹1,292 Cr
Tube Investment
₹2,250.5071.81₹42,644 Cr5.620.16%9.95%17.10%₹23,754 Cr₹1,109 Cr
CIE Automotive (this company)
₹350.4514.25₹13,445 Cr1.722.00%11.80%14.70%₹10,259 Cr₹933 Cr
Median 8 companies₹1,504.8560.53₹61,893 Cr8.180.43%11.90%16.10%₹19,134 Cr₹1,200 Cr

Comparable companies in the same industry. Market cap, P/E and P/B use the latest price; other metrics are as reported in filings. A dash means the figure is not published for that company.

Tapetide Score

Data-driven rating, 0–100, as of . How it works →

Overall score

50 Average

Data confidence 100/100

Category scores

Quality
38
Weak
Returns, margins, earnings quality 22% weight
Valuation
80
Strong
Cheap vs sector & own history 24% weight
Growth
44
Weak
Sales & profit trajectory 9% weight
Financial Health
51
Average
Solvency, leverage, coverage 9% weight
Momentum
12
Poor
Trend strength, vol-adjusted 12% weight
Ownership
48
Average
FII/DII/promoter flows 24% weight

The Tapetide Score is data analysis, not investment advice. Tapetide is not a SEBI-registered research analyst or investment adviser.

Key Insights

Strengths

3
  • 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

1
  • The company has delivered a poor sales growth of 9.23% over past five years.

Technical Indicators

Technical signals: verdict and indicator counts
GroupSignalBearishNeutralBullish
OverallStrong Bearish1261
OscillatorsBearish261
Moving AveragesStrong Bearish1000

Key readings

RSI (14)
33.56
Neutral
MACD (12,26,9)
−8.69
Bearish
SMA (50)
377.92
Bearish
SMA (200)
431.84
Bearish

As of

Analyst Rating

Based on 4 analysts
BUY75%

3 of 4 analysts rate Buy, 0 Hold, 1 Sell.

As of

BUY
3
75%
HOLD
0
0%
SELL
1
25%

Growth Rate

From the financial statements below. 10Y, 5Y, 3Y: compound annual growth to Dec 2025; 1Y: fiscal year to Dec 2025 against Dec 2024; TTM: four quarters to Sep 2026 against Sep 2025.

Revenue

Revenue growth by window
10YIrregular period
5Y+9.23%
3Y+2.43%
1Y+4.93%
TTM+12.44%

Net profit

Net profit growth by window
10YIrregular period
5Y+50.85%
3YTurned to profit
1Y0.00%
TTM+15.33%

Operating cash flow

Operating cash flow growth by window
10YIrregular period
5Y+18.47%
3Y+4.01%
1Y+42.79%
TTM—

TTM: Reported once a year, so there is no trailing-twelve-month figure.

Operating margin· change in pp

Operating margin growth by window
10YIrregular period
5Y+6.18 pp
3Y+1.09 pp
1Y−0.59 pp
TTM+0.09 pp

Revenue by year

Revenue by year, ₹ crore
Dec 2016₹5,320 Cr
Dec 2017₹6,428 Cr
Dec 2018₹8,032 Cr
Dec 2019₹7,908 Cr
Dec 2020₹6,050 Cr
Dec 2021₹6,765 Cr
Dec 2022₹8,753 Cr
Dec 2023₹9,280 Cr
Dec 2024₹8,964 Cr
Dec 2025₹9,406 Cr

Net profit by year

Net profit by year, ₹ crore
Dec 2016₹169 Cr
Dec 2017₹358 Cr
Dec 2018₹498 Cr
Dec 2019₹354 Cr
Dec 2020₹106 Cr
Dec 2021₹393 Cr
Dec 2022−₹136 Cr
Dec 2023₹1,125 Cr
Dec 2024₹828 Cr
Dec 2025₹828 Cr

Analyst Forecasts

Forecast For
Dec 26 consensus · EBITDA
₹403 Cr −4.0% vs Sep 26
Reported High Mean Low

AI Analysis — Bull vs Bear

Figures as of 30 Oct 2026
AI opinion · based on fundamentals
Risk medium

CIE Automotive India trades at ₹352.8 with a market cap of ₹13,383.9 Cr as of 2026-10-30, sitting near its 52-week low of ₹341 against a 52-week high of ₹526. The company shows strong long-term profit compounding at 54% CAGR over 5 years and 21% over 10 years, but revenue growth has been modest at 9% CAGR over 5 years, and the stock has declined 17% over the past year.

Bull Case 8
  • Exceptional profit compounding with 5-year CAGR of 54% and 10-year CAGR of 21%, indicating sustained margin expansion and operational leverage
  • Near debt-free balance sheet with a debt-to-equity ratio of just 0.82, providing financial flexibility and lower interest burden
  • TTM PE of 14.35 is modest for an auto ancillary company that has demonstrated consistent profit growth, suggesting undemanding valuations
  • Healthy dividend payout ratio of 27.0% with a current dividend yield of 1.97%, offering meaningful income at current price levels
  • TTM sales growth of 12% marks an acceleration over the 3-year compounded sales growth of 2%, signalling a potential revenue recovery
  • 3-year ROE of 15% and last year ROE of 12% are above the 10-year average ROE of 9%, reflecting improving capital efficiency over recent years
  • TTM profit growth of 16% remains healthy even as the high-base effects of the 3-year compounded profit growth of 127% normalise
  • Price-to-book ratio of 1.73 is relatively undemanding given the company's ROCE of 13.48% and improving return profile
Bear Case 7
  • Revenue growth has been tepid at a 5-year compounded sales CAGR of just 9.23%, suggesting limited top-line pricing power or volume expansion
  • Stock has underperformed significantly, declining 17% over the past 1 year and posting a negative 9% CAGR over 3 years
  • Trading just 3.5% above its 52-week low of ₹341 and 33% below the 52-week high of ₹526, indicating a sustained downtrend
  • Current ROE of 11.03% and ROCE of 13.48% are moderate rather than exceptional, limiting the case for a premium valuation
  • 3-year compounded sales growth of just 2% indicates near-stagnation in top-line during the recent period despite broader auto sector recovery
  • 10-year stock CAGR of only 6% suggests long-term shareholder returns have been underwhelming relative to the profit growth delivered
  • The wide gap between profit compounding (54% over 5 years) and sales compounding (9% over 5 years) raises questions about the sustainability of margin-led earnings growth

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

AI News Digest

9h ago

TL;DR: CIE Automotive India delivered solid top-line and bottom-line growth in Q3 CY26, with 11% revenue growth and 14% profit growth powered by an 18% surge in India sales. However, margin compression to 14.2% from cost inflation linked to West Asia tensions and a 16% YTD stock decline signal investor caution. The 9-month trend is encouraging with improving EBITDA margins and European restructuring gains, but sustaining profitability depends on input cost stabilization and a recovery in European demand.

Headwinds 4
  • EBITDA margin contracts to 14.2% Oct 22

    Consolidated EBITDA margin fell to 14.2% in Q3 CY26 from 15% a year earlier, pressured by rising raw material, energy and consumable costs linked to the West Asia conflict.

  • European sales decline persists Oct 22

    European operations saw a 4% sales decline in Q3 CY26 amid a stagnant market, though restructuring helped expand margins by 220 bps.

  • Stock down 16.4% year-to-date Oct 22

    Shares closed 1.77% lower at ₹363 on Oct 22, bringing the YTD decline to 16.37% (₹71.05) despite strong quarterly earnings.

Positives 5
  • Q3 net profit rises 14% Oct 22

    Consolidated net profit grew 14% YoY to ₹244 crore in Q3 CY26, with diluted EPS rising to ₹6.40 from ₹5.62.

  • Revenue up 11% to ₹2,677 crore Oct 22

    Consolidated revenue from operations increased 11% YoY to ₹2,677 crore in Q3 CY26, driven by 18% growth in India sales.

  • Strong 9-month CY26 performance Oct 22

    For Jan-Sep CY26, net profit reached ₹729 crore (+17% YoY), EBITDA rose 15% to ₹1,266 crore, and EBITDA margin improved to 16.6% from 16.3%.

Neutral 2
  • Merger notice dispatch begins Oct 8

    CIE Automotive India began dispatching notices to shareholders and creditors for the CIE Aluminium Casting India merger, following NCLT approval.

  • Q3 earnings call held Oct 22 Oct 13

    Management held the Q3 CY26 earnings conference call on Oct 22, 2026, with audio recording made available the same day.

Quarterly Results

₹ Cr
CIEINDIA quarterly results, ₹ crore
Particulars Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
Sales
2,279
2,240
2,427
2,293
2,135
2,110
2,273
2,369
2,372
2,393
2,612
2,621
2,633
Expenses
1,934
1,913
2,066
1,933
1,804
1,811
1,937
2,032
2,016
2,058
2,210
2,231
2,259
Operating Profit
345
327
361
360
331
299
335
337
356
335
402
390
374
OPM %
15%
15%
15%
16%
15%
14%
15%
14%
15%
14%
15%
15%
14%
Other Income
209
18
51.31
30.64
24.27
40
36.14
23
19.17
28
28.32
31
43.9
Interest
31
30
22
21
17
18
13
2
4
9
9
10
4
Depreciation
78
78
86
84
80
81
86
87
89
96
94
97
93
PBT
445
237
304
286
258
240
273
271
282
259
327
313
321
Tax %
16%
29%
24%
24%
25%
23%
25%
25%
24%
21%
24%
25%
24%
Net Profit
375
169
230
217
195
185
206
204
214
204
249
236
244
EPS (₹)
9.9
4.45
6.08
5.72
5.15
4.88
5.44
5.37
5.64
5.39
6.57
6.21
6.42

Profit & Loss

₹ Cr
CIEINDIA profit and loss, annual, ₹ crore
Particulars 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
10,259
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
8,759
Operating Profit
442
363
531
806
1,001
968
502
942
1,172
1,424
1,351
1,362
1,500
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
135
Interest
121
50
59
51
50
52
55
35
23
107
78
27
32
Depreciation
238
163
232
268
287
316
306
273
296
322
331
358
380
PBT
−100
101
262
507
702
628
195
666
104
1,403
1,092
1,087
1,224
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
933
EPS (₹)
−2.42
2.37
4.47
9.47
13.15
9.33
2.81
10.37
−3.59
29.66
21.81
21.83
24.59
Div. Payout %
0%
0%
0%
0%
0%
0%
0%
24%
Not meaningful for this period: the ratio divides by a base close to zero, so it is left blank rather than shown as a very large number.
17%
32%
32%
—

Balance Sheet

₹ Cr
CIEINDIA balance sheet, annual, ₹ crore
Particulars Mar 2015Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025Jun 2026
Equity Capital
323
323
378
378
379
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
7,364
Borrowings
1,549
1,085
1,392
1,197
1,613
1,469
1,648
1,487
985
855
570
426
513
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
3,055
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
11,313
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
6,257
CWIP
126
56
97
60
96
54
12
125
119
54
66
130
167
Investments
57
67
39
55
681
96
234
438
576
821
1,038
1,459
771
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
4,118
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
11,313

Cash Flow

₹ Cr
CIEINDIA cash flow, annual, ₹ crore
Particulars 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/EBITDA
78
194
68
77
85
118
118
123
112
122
85
112

Ratios

CIEINDIA financial ratios, annual
Particulars 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%

Insights

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

Log in to view CIE Automotive insights

63 extracted metrics across FY10–FY27.

Shareholding Pattern

As of Sep 2026

  • Promoters 65.70%
  • DIIs 20.75%
  • Public 6.51%
  • FIIs 4.68%
  • Others 2.31%
  • Government 0.05%

No promoter shares pledged as of Sep 2026

Change vs previous quarter

Not shown for some quarters: Others. Not available separately for this quarter: the shareholding filing gives Public and Others as one figure, shown under Public, so Others is left blank rather than estimated.

Documents

Frequently Asked Questions about CIE Automotive India

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.
Where is CIE Automotive India Ltd (CIEINDIA) listed?
CIE Automotive India Ltd trades as CIEINDIA on the NSE and under code 532756 on the BSE.
Which sector does CIE Automotive India Ltd belong to?
CIE Automotive India Ltd is classified under the Automobiles sector, in the Auto Components industry.
What is the PE ratio of CIE Automotive India Ltd?
CIE Automotive India Ltd trades at a PE ratio of 14.25 as of 4 Nov 2026, on earnings per share of ₹24.59, against a book value of ₹204.13 per share.
What is the 52-week high and low of CIE Automotive India Ltd?
Over the last 52 weeks CIE Automotive India Ltd has traded between ₹341 and ₹526 as of 4 Nov 2026.
Does CIE Automotive India Ltd pay dividends?
CIE Automotive India Ltd has a dividend yield of 2.00%.
What is the Return on Equity (ROE) of CIE Automotive India Ltd?
CIE Automotive India Ltd reported a return on equity of 11.80%. Its debt-to-equity ratio is 0.07.

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.

Website cie-india.com
CEO Mr. Ander Arenaza Alvarez
Employees 4,190
Listed 30 Aug 2007
Face Value ₹10

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