Name: Latest research reports of CIE Automotive India Ltd. authored by ICICI Direct and published by - Trendlyne research reports.
Item: CIE Automotive India Ltd.
Rating: 5
Author: ICICI Direct

Summary	Date	Stock	Author	LTP	Target	Price at reco (Change since reco%)	Upside(%)	Type	Report	Discuss
	08 Sep 2025	CIE Automotive	Consensus Share Price Target	393.80	493.33	-	25.27	buy	pdf Detailed Estimates
	24 Feb 2023	CIE Automotive	ICICI Direct Target	393.80	500.00	448.60 (-12.22%)	Target met	Buy	pdf post cache	Broker Report Mahindra CIE Automotive ICICI Direct pdf Copy Link Share on Share on Share on Share on Alert
	23 Feb 2023	CIE Automotive	Motilal Oswal Target	393.80	450.00	387.55 (1.61%)	Target met	Buy	pdf post cache	Broker Report India business inline; Europe business showing signs of recovery Motilal Oswal pdf Copy Link Share on Share on Share on Share on Alert
	23 Feb 2023	CIE Automotive	ICICI Securities Limited	393.80	466.00	387.55 (1.61%)	Target met	Buy	pdf post cache	Broker Report Steady performance continues ICICI Securities Limited Mahindra CIE (MACA) once again reported resilient performance in an adverse environment with Q4CY22 EBITDAM at 13% (flat QoQ) despite lower revenue in India and an inflated cost environment in the EU. QoQ basis, India revenue was down 6% vs EU revenue being up 8%, resulting in largely flat consolidated revenue. pdf Copy Link Share on Share on Share on Share on Alert
	12 Jan 2023	CIE Automotive	ICICI Securities Limited Target	393.80	466.00	351.20 (12.13%)	Target met	Buy	pdf post cache	Broker Report On course toward better RoCE ICICI Securities Limited Mahindra CIE (MACA) board recently expressed intent to sell off the company’s less profitable EU truck forging arm and focus on EU light vehicle EV components going ahead. pdf Copy Link Share on Share on Share on Share on Alert
	22 Dec 2022	CIE Automotive	ICICI Direct Target	393.80	410.00	319.90 (23.10%)	Target met	Buy	pdf post cache	Broker Report Mahindra CIE Automotive ICICI Direct pdf Copy Link Share on Share on Share on Share on Alert
	18 Nov 2022	CIE Automotive	Geojit BNP Paribas Target	393.80	323.00	298.00 (32.15%)	Target met	Hold	pdf post cache	Broker Report MAHINDRA CIE AUTOMOTIVE LIMITED Geojit BNP Paribas pdf Copy Link Share on Share on Share on Share on Alert
	19 Oct 2022	CIE Automotive	ICICI Direct Target	393.80	380.00	317.40 (24.07%)	Target met	Buy	pdf post cache	Broker Report Mahindra CIE Automotive ICICI Direct pdf Copy Link Share on Share on Share on Share on Alert
	19 Oct 2022	CIE Automotive	ICICI Securities Limited Target	393.80	378.00	312.35 (26.08%)	Target met	Buy	pdf post cache	Broker Report Strong India performance balances weak EU ICICI Securities Limited Mahindra CIE’s (MACA) reported resilient performance in an adverse environment with its Q3CY22 EBITDA margin at 12.8%. pdf Copy Link Share on Share on Share on Share on Alert
	18 Oct 2022	CIE Automotive	Motilal Oswal Target	393.80	360.00	317.40 (24.07%)	Target met	Buy	pdf post cache	Broker Report Inline; India business continues to outperform; EU hurt by energy cost Motilal Oswal pdf Copy Link Share on Share on Share on Share on Alert
	27 Sep 2022	CIE Automotive	ICICI Securities Limited Target	393.80	345.00	261.80 (50.42%)	Target met	Buy	pdf post cache	Broker Report Strong India operations outweighing weak EU ICICI Securities Limited Company is targeting to take India revenue mix to ~60% vs 50% currently, driven by fast-growing profitable opportunities visible pdf Copy Link Share on Share on Share on Share on Alert
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34.28% Fall from 52W High

CIE Automotive India Ltd. share price target

CIE Automotive India Ltd. has an average share price target of 485.50. The consensus estimate represents an upside of 23.29% from the last price of 393.80. View 12 reports from 4 analysts offering long-term price targets for CIE Automotive India Ltd..

Mahindra CIE Automotive

India business inline; Europe business showing signs of recovery

Steady performance continues

On course toward better RoCE

Mahindra CIE Automotive

MAHINDRA CIE AUTOMOTIVE LIMITED

Mahindra CIE Automotive

Strong India performance balances weak EU

Inline; India business continues to outperform; EU hurt by energy cost

Strong India operations outweighing weak EU

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