Mahindra CIE Automotive Ltd.
Snapshot View

244.05 +2.15 ▲0.9%

23 July 2021, 04:00:00 P.M.
Volume: 53,978

Overview View Details

Sector Automobile & Ancillaries Compare with Sector peers
Industry Forgings Compare with Industry peers
Website http://www.mahindracie.com
Financial Indicators
Market Cap 9,333.66 Cr.
Earnings per share (EPS) 8.41 Trailing Twelve Months Ending 2021-06
Price-Earning Ratio (PE) 29.28 Trailing Twelve Months Ending 2021-06
Industry PE - Trailing Twelve Months Ending 2021-06
Book Value / Share 132.70 Trailing Twelve Months Ending 2021-06
Price to Book Value 1.86 Calculated using Price: 246.25
Dividend Yield 0.00 Period Ending 2020-12
No. of Shares Subscribed 37.90 Cr. 379,031,735 Shares
FaceValue 10
Company Profile

Mahindra CIE Automotive is a multi-technology automotive components supplier listed on the stock exchanges in Mumbai. The company is a subsidiary of the CIE Automotive group of Spain; an industrial group specialised in supplying components and subassemblies for the automotive market, which has presence across the globe and is listed on the stock exchanges in Madrid and Bilbao.

Business area of company

Mahindra CIE is engaged in the business of production and sale of automotive components to original equipment manufacturers and other customers (including leading suppliers of components) in India and overseas. The company has manufacturing facilities in various locations across the country in India. The company has an established presence in each of these locations and supplies automotive components to its customers based there and exports products to customers based in other countries as well.

Product range of the company

Forging products: It is leader in the Indian forgings space, it makes forging products that range in weight from 500 grams to 45 kilograms, and measure up to a metre in length. In Europe, we are a leading supplier to the heavy truck industry, forging parts in excess of 100 kilograms. Its advanced facility in Chakan, Pune, supplies forged components to several companies in the automotive and non-automotive industries.

Castings: Created in factories that are ISO/TS 16949-certified, its magnetic products are used in an array of commercial and industrial sectors. Its soft ferrite cores power day-to-day products such as induction cooktops to mobile chargers, while its ferrite impeder cores increase the efficiency of welding processes. Furthermore, it also lead the industry in magnetic induction lighting, a cost-effective and energy-efficient solution that is used in a variety of end-applications.

Magnetic products: Mahindra’s magnetic products are used in an array of commercial and industrial sectors. Its soft ferrite cores power day-to-day products such as induction cooktops to mobile chargers, while its ferrite impeder cores increase the efficiency of welding processes. Furthermore, it also lead the industry in magnetic induction lighting, a cost-effective and energy-efficient technology in a variety of applications.

Composites: An innovative replacement for conventional materials, its composites are non-corrosive, possess high mechanical strength, and provide a number of compelling benefits in automotive and medical applications.

Stamping Products: With robotic automated presses and a new fully automated facility, it supply comprehensive body-and-chassis systems

Business segments

  • Cars & Utility Vehicles
  • Medium and Heavy Commercial Vehicles
  • Agriculture & Off Road
  • Two Wheelers

Milestones

  • 1996: Plant established in 1996 by Amforge. 
  • 2004: TS - 16949 Awarded by BVQI   
  • 2005: TS - 16949 Certification obtained. Amforge, Chakan Unit becomes a part of the Mahindra & Mahindra Group. 
  • 2006: Received Best Supplier Award from Benteler USA   Acquired Vauxhall machining lines from GM, UK   Plant Acquired by M&M    Received Best Supplier Award from FIAT  
  • 2007: Two steering knuckle machining line installed - 150K per annum installed Two crankshaft machining lines installed - 120K per annum
  • 2008: Tool and Die Shop Installed
  • 2009: MFL was qualified by Nissan for Monozukuri Audit.   MFL was qualified by Renault for ASES audit. Doubled the installed capacity from 40000 MT to 86000 MT by setting up two 4000 Ton Presses & one 6300 Ton Press
  • 2010: Received New Product Development Award from Volvo Eicher    Received Best Supplier Award from Kirloskar Oil Engines Ltd. (KOEL)
  • 2011: Third crankshaft machining line installed New MAKINO installed at Tool Room for Die production
  • 2017: Jesus M Herrera, Chosen by Forbes as one of the best CEO of 2016
  • 2019-20: The company acquired Aurangabad Electricals (AEL) and entered the Aluminium Die casting technology
  • 2021: Mahindra CIE Automotive subscribes 31.20% stake in ReNew Surya Alok

Delivery View Details

Delivered Qty
Traded Qty

Performance View Details

1 Day
+0.89%
1 Week
-2.56%
1 Month
+6.18%
3 Month
+55.84%
6 Month
+47.82%
1 Year
+121.86%
2 Year
+25.12%
5 Year
+36.95%
9 years 2013-03 2014-03 2015-03 2015-12 2016-12 2017-12 2018-12 2019-12 2020-12
Return on Equity (%) -14.12 -11.65 -6.17 3.95 6.42 10.29 12.47 7.94 2.23
Return on Capital Employed (%) -4.44 -0.48 0.87 4.63 8.28 11.73 13.96 11.33 3.95
Return on Assets (%) -5.91 -4.25 -2.30 1.56 2.90 5.12 6.36 4.19 1.19

Balance Sheet View Details

Particulars 9 years 2013-03 Rs. Cr. 2014-03 Rs. Cr. 2015-03 Rs. Cr. 2015-12 Rs. Cr. 2016-12 Rs. Cr. 2017-12 Rs. Cr. 2018-12 Rs. Cr. 2019-12 Rs. Cr. 2020-12 Rs. Cr.
Shh. Funds 754 656 1,887 2,007 3,266 3,716 4,289 4,634 4,908
Non Curr. Liab. 375 445 1,567 946 1,164 1,272 1,431 1,331 1,712
Curr. Liab. 757 850 1,384 2,048 2,238 2,348 2,607 2,598 2,744
Minority Int. 16
Equity & Liab. 1,887 1,951 4,853 5,000 6,668 7,336 8,328 8,563 9,364
Non Curr. Assets 1,219 1,252 3,473 3,639 4,993 5,216 5,316 6,390 6,886
Curr. Assets 668 699 1,381 1,362 1,676 2,120 3,011 2,173 2,478
Misc. Exp. not W/O
Total Assets 1,887 1,951 4,853 5,000 6,668 7,336 8,328 8,563 9,364

Profit Loss View Details

Particulars 9 years 2013-03 Rs. Cr. 2014-03 Rs. Cr. 2015-03 Rs. Cr. 2015-12 Rs. Cr. 2016-12 Rs. Cr. 2017-12 Rs. Cr. 2018-12 Rs. Cr. 2019-12 Rs. Cr. 2020-12 Rs. Cr.
Net Sales 2,216 2,591 5,570 3,865 5,320 6,520 8,103 7,954 6,050
Other Income 5 13 43 29 31 27 39 46 59
Total Income 2,222 2,604 5,613 3,894 5,351 6,547 8,142 8,000 6,109
Total Expenditure -2,175 -2,482 -5,128 -3,502 -4,789 -5,706 -7,097 -6,998 -5,553
PBIDT 47 122 485 392 563 841 1,045 1,002 556
Interest -49 -63 -121 -50 -59 -55 -53 -53 -55
Depreciation -110 -120 -238 -163 -233 -273 -290 -317 -306
Taxation 0 -12 22 -24 -93 -148 -204 -274 -89
Exceptional Items -1 -8 -226 -78 -9 -7 -5
PAT -114 -81 -78 77 169 358 498 354 106

Cash Flow View Details

Particulars 9 years 2013-03 Rs. Cr. 2014-03 Rs. Cr. 2015-03 Rs. Cr. 2015-12 Rs. Cr. 2016-12 Rs. Cr. 2017-12 Rs. Cr. 2018-12 Rs. Cr. 2019-12 Rs. Cr. 2020-12 Rs. Cr.
Cash Fr. Operatn. 102 211 322 680 304 512 708 1,027 539
Cash Fr. Inv. -102 -88 -184 -225 -831 -308 -1,019 -590 -429
Cash Fr. Finan. 19 -116 -294 -494 575 -236 362 -404 -38
Net Change 19 7 -155 -39 48 -32 51 33 72
Cash & Cash Eqvt 37 44 89 50 98 72 125 159 239

Shareholding Pattern View Details

9 Qtrs 2019-03 (%) 2019-06 (%) 2019-09 (%) 2019-12 (%) 2020-03 (%) 2020-06 (%) 2020-09 (%) 2020-12 (%) 2021-03 (%)
Promoter 67.72 67.69 67.69 67.69 67.72 69.46 71.61 71.61 71.61
Public 32.28 32.31 32.31 32.31 32.28 30.54 28.39 28.39 28.39
Depository Receipts 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Promoter Holding Pledge (%) 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

Announcements View Details

Wed, 21 Jul 2021
Un-Audited Financial Results (Standalone And Consolidated) Of The Company For The Quarter And Half-Year Ended On 30Th June 2021 Along-With Limited Review Report By Statutory Auditors
Pursuant to Regulation 30 and 33 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations 2015 please find enclosed herewith the Un-audited Financial Results (Standalone and Consolidated) of the Company for the quarter and half-year ended 30th June 2021 duly approved by the Board of Directors at their meeting held today i.e. 21st July 2021 along-with Limited Review Report of the Statutory Auditors.

The meeting commenced at 3:45 pm. and concluded at 6.00 p.m.

Kindly acknowledge the receipt and take the same on the records.
Wed, 21 Jul 2021
Intimation Of Proposed Formation Of Wholly Owned Subsidiary Company
We wish to inform you that the Board at its meeting held today i.e. 21st July 2021 has accorded its approval to incorporate a new company as wholly owned subsidiary of the Company (New Co) in the name and style of CIE Hosur Limited (New Entity) or such other name as may be approved by the Registrar of Companies.

The details as required under SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015 read with SEBI Circular No. CIR/CFD/CMD/4/2015 dated 9th September 2015 are annexed herewith.
Wed, 21 Jul 2021
Announcement under Regulation 30 (LODR)-Change in Management
The Board of Directors of the Company at its meeting held today i.e. 21st July 2021 on the recommendation of the Nomination and Remuneration Committee appointed Mr. Anil Haridass as the Chief Executive Officer - Forgings Division of the Company with effect from 1st September 2021. Mr. Anil Haridass is a Whole-time Director and a Key Managerial Personnel of the Company in accordance with Section 203 of the Companies Act 2013.

Mr. Anil Haridass 63 has more than thirty-nine years of experience in the automotive segment with setting up Bill Forge Private Limited (Bill Forge) in 1982. Mr. Haridass has also been actively involved with bodies such as the Automotive Component Manufacturers Association of India Association of Indian Forging Industry and the International Cold Forging Group.

He is a graduate in Metallurgical Engineering from PSG College of Technology University of Madras.

Kindly acknowledge the receipt and take the same on the records.

Technical Scans View Details

Fri, 23 Jul 2021
Stock Outperforming Sectoral Index in both 1 Week and 3 Month Stock Outperforming Sectoral Index in both 1 Week and 3 Month
Strongly Outperforming Benchmark Index Strongly Outperforming Benchmark Index
Increasing Relative Strength - Benchmark index Increasing Relative Strength - Benchmark index
Strongly Outperforming Sectoral Index Strongly Outperforming Sectoral Index
Increasing Relative Strength - Sectoral Index Increasing Relative Strength - Sectoral Index

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