Margins and return ratios shift orbit; poised for re-rating…
About the stock: CIE Automotive India (CIE), part of the Spain-based CIE Automotive Group, is a multi-technology, multi-product automotive component supplier.
• CY22 consolidated revenue mix – Europe 36%, India 64%
• Forging is ~59% of consolidated sales (78% in Europe)
• In India, it derives 49%, 23%, 20%, 8% of sales from PV, 2-W, tractors, M&HCV, respectively. In Europe it now derives 7...
Buy Mahindra CIE Automotive For Target Rs.625 - ICICI Direct
Healthy quarter with promising growth outlook…
About the stock: Mahindra CIE (MCI), part of the Spain-based CIE Automotive Group, is a multi-technology, multi-product automotive component supplier
* CY22 consolidated revenue mix – Europe 36%, India 64%.
* Forging is ~59% of consolidated sales (78% in Europe).
* In India it derives 49%, 23%, 20%, 8% of sales from PV, 2-W, tractors, M&HCV, respectively. In Europe it now derives 75% of sales from PV space.
...
Buy Mahindra CIE Automotive For Target Rs.500 - ICICI Direct
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Diwali Technical Muhurat Picks By Jainam Share Consultant
Steady growth prospects, EV immune products in focus
About the stock:Mahindra CIE (MCI), part of the Spain-based CIE Automotive Group, is a multi-technology, multi-product automotive component supplier.
* CY21 consolidated revenue mix – Europe 49%, India 51%
* Forging is ~59% of consolidated sales (86% in Europe). India mix is more diversified; includes 22% from aluminium, 21%- stampings & 12%- castings
* In India it derives 37%, 33%, 16%, 8% of sales from PV, 2-W, tract...
Buy Mahindra CIE Automotive Ltd For Target Rs.245 - ICICI Direct
Steady performance; investment thesis unchanged…
About the stock: Mahindra CIE (MCI), part of the Spain-based CIE Automotive Group, is a multi-technology, multi-product automotive component supplier.
* CY20 consolidated revenue mix – Europe 52%, India 48%
* Forging is ~63% of consolidated sales (89% in Europe). India mix is more diversified; includes 25% from aluminium, 18%- stampings & 11%- castings
* In India it derives 40%, 32%, 16%, 5% of sales from PV, 2-W, t...
Buy Mahindra CIE Automotive Ltd For Target Rs.330 - ICICI Direct
