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CIE Automotive India Ltd.
20 Jul 2018, 12:00AM
435.60
0.68%
Geojit Research
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). MCIE registered a robust revenue growth of 29% for Q2CY18, driven by strong European sales of 32%YoY & India business growing at 26%YoY. Consolidated EBITDA margin improved by 120bps at 14.7% led by superior geographical mix and cost control initiatives. Strong order book from European subsidiary and new launches from...
CIE Automotive India Ltd. average weekly volume is high.
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