Mahindra CIE (MCIE) is among the top global forging players with a strong presence in both Europe and India. Currently 2/3 of the revenue comes from Europe (split btw CV's & PV's) while rest from India (PVs). Q1CY18 registered a revenue (Consolidated) growth of 25.6%YoY led by 24% growth from India and 26% from Europe business. Consolidated EBITDA margin improved by 100bps led by superior geographical mix and cost control initiatives. Strong order book from European subsidiary and new launches from...