|
11 Sep 2025 |
CIE Automotive
|
Consensus Share Price Target
|
401.05 |
493.33 |
- |
23.01 |
buy
|
|
|
|
|
21 Jul 2023
|
CIE Automotive
|
Edelweiss
|
401.05
|
710.00
|
492.10
(-18.50%)
|
|
Buy
|
|
|
A consistent performer; BUY
|
|
20 Jul 2023
|
CIE Automotive
|
Axis Direct
|
401.05
|
585.00
|
517.85
(-22.55%)
|
Target met |
Buy
|
|
|
We reiterate our BUY rating our SOTP-based TP of Rs 585/share, implying an upside of 13% from the CMP.
|
|
20 Jul 2023
|
CIE Automotive
|
ICICI Securities Limited
|
401.05
|
598.00
|
517.85
(-22.55%)
|
Target met |
Buy
|
|
|
CIE Automotive India (CAIL) reported Q2CY23 consolidated PAT of INR 2.1bn, up 16% YoY, and in line with our estimate, aided by 5% YoY increase in revenue at INR 22bn (adjusting for discontinued operations) and improvement in EBITDAM at 17.7%, up 260 bps YoY.
|
|
19 Jul 2023
|
CIE Automotive
|
Motilal Oswal
|
401.05
|
600.00
|
517.85
(-22.55%)
|
Target met |
Buy
|
|
|
|
|
03 Jun 2023
|
CIE Automotive
|
Edelweiss
|
401.05
|
|
465.40
(-13.83%)
|
|
Not Rated
|
|
|
Riding the EV bandwagon
|
|
25 May 2023
|
CIE Automotive
|
ICICI Securities Limited
|
401.05
|
553.00
|
464.60
(-13.68%)
|
Target met |
Buy
|
|
|
We hosted Mahindra CIE (MACA) management in our annual investor conference at Singapore. Following are the key takeaways: 1) being a tier-2 B2B component supplier, MACA’s core focus is on process efficiency and automation in order to maximize profitability and, at the same time, give customers competitive pricing.
|
|
27 Apr 2023
|
CIE Automotive
|
ICICI Direct
|
401.05
|
520.00
|
406.80
(-1.41%)
|
Target met |
Buy
|
|
|
|
|
26 Apr 2023
|
CIE Automotive
|
ICICI Securities Limited
|
401.05
|
494.00
|
385.00
(4.17%)
|
Target met |
Buy
|
|
|
Mahindra CIE (MACA) has reported consolidated PAT of Rs2.2bn, up 34% YoY, in line with our estimate of Rs2.2bn, aided by revenue at Rs24.4bn, up 18% YoY, largely in line with our estimate of Rs24bn and EBITDAM at 15.6%, up 200bps YoY, 50bps ahead of our estimate in Q1CY23.
|
|
26 Apr 2023
|
CIE Automotive
|
Axis Direct
|
401.05
|
475.00
|
406.80
(-1.41%)
|
Target met |
Buy
|
|
|
Our BUY recommendation is based on strong demand recovery in European business, growth potential in Indian operations; further headroom for operational efficiencies and a healthy balance sheet.
|
|
12 Apr 2023
|
CIE Automotive
|
Axis Direct
|
401.05
|
475.00
|
371.55
(7.94%)
|
Target met |
Buy
|
|
|
We recommend a BUY rating on the stock thereby arriving at our SOTP-based TP of Rs 475/share
|