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Swing Capital

CIE Automotive India Ltd

NSE: CIEINDIA BSE: 532756Auto

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]

₹453
52W: ₹381 — ₹526
PE 27.1 · Book ₹150 · +202% vs book
Market Cap₹17,191 Cr
Stock P/E27.1Price to Earnings
ROCE14.5%Return on Capital
ROE11.2%Return on Equity
Div. Yield1.53%Face Value ₹10

Strengths

  • +Company has reduced debt.
  • +Company is almost debt free.
  • +Company has been maintaining a healthy dividend payout of 40.8%

Weaknesses

  • −Stock is trading at 2.98 times its book value
  • −Company has a low return on equity of 11.5% over last 3 years.
  • −Promoter holding has decreased over last 3 years: -3.19%

Shareholding Pattern

Promoters65.7%
FIIs4.73%
DIIs21.32%
Public8.2%
CategoryJun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Promoters65.7%65.7%65.7%65.7%65.7%65.7%65.7%65.7%
FIIs5.03%4.32%▼0.74.47%▲0.14.38%▼0.14.15%▼0.24.23%▲0.14.32%▲0.14.73%▲0.4
DIIs19.45%20.33%▲0.920.72%▲0.420.91%▲0.221.48%▲0.621.52%▲0.021.64%▲0.121.32%▼0.3
Public9.78%9.6%▼0.29.07%▼0.58.98%▼0.18.61%▼0.48.5%▼0.18.29%▼0.28.2%▼0.1

Financial Statements

MetricDec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Sales1,1371,1641,1441,1361,1191,1631,2041,2541,2741,332
Expenses9639739599519489771,0211,0551,0791,113
Operating Profit174192185185170186183199195219
OPM %15%16%16%16%15%16%15%16%15%16%
Net Profit115217127124116219127138134234
EPS ₹3.025.723.343.263.065.763.343.643.526.16

AI Insights

Revenue Trend

TTM revenue at ₹5,065Cr, up 3.5% YoY. OPM at 16%.

Debt Position

Borrowings at ₹23Cr. Debt-to-equity ratio: 0.00x. Healthy balance sheet.

Capex Cycle

CWIP at ₹106Cr (4% of fixed assets). Moderate ongoing capital expenditure.

Institutional Flow

DIIs: 21.32% (+6.57pp change). FIIs: 4.73% (-2.81pp change). Promoters hold 65.7%.

Margin & Efficiency

ROCE improving from 5% (Mar 2015) to 15% (Dec 2025). Working capital days: 5.

Valuation

PE 27.1x with 14.5% ROCE. Price is 202% above book value of ₹150. Dividend yield: 1.53%.

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