CIE Automotive India Q2 FY27 Share Price & Earnings Call Analysis
- Market cap
- ₹13,469 Cr
- P/E
- 15.02
- ROE
- 11.80%
- PEG
- 0.13
- Price to sales
- 1.35
- Debt to equity
- 0.07
- 52W high / low
- ₹497 / ₹352
- Sales growth (5Y)
- 9.23%
- EBITDA margin
- 14.82%
- Net profit margin
- 8.80%
- Promoter holding
- 65.70%
- Sales (last year)
- ₹9,997 Cr
CIE Automotive Limited is a subsidiary of CIE Automotive S.A, Spain. Mahindra Vehicle Manufacturing Ltd. was a significant shareholder in the company. The company is engaged in the business of production and sale of automotive components to original equipment manufacturers and other customers in India and overseas. [1]
Guidance scorecard · Q2 FY27 call
What CIE Automotive's management guided
and where it ranks in Auto Components
Auto Components
RevenueQ1 FY27 call
10–20%- Targeting growth in the range of 12% to 15% for the near term (next 1-2 quarters) with an aim to outperform the market.
- Expecting solid, sustainable, and reliable growth rather than excessively fast growth to maintain profitability and operational stability.
- Expansion plans across all verticals including iron foundry, gears, stamping, forging, and composites with new capacity additions and greenfield projects underway.
- Growth driven by ramping up new programs, adding capacity, launching robotic lines, and expanding customer base.
- Exports to certain critical areas considered a major future opportunity.
- Anticipate growth primarily from the Indian market as European ICE supply chains wind down; India seen as the main growth market.
2 more points from CIE Automotive's call on revenue
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MarginsQ1 FY27 call
Up 0–2%See what CIE Automotive said on margins — free account, 30 seconds.
CapexQ1 FY27 call
Planned- Focus on brownfield and greenfield capex primarily driven by customer requests for new locations.
- Last greenfield project was CIE Hosur (completed 2-3 years ago); recent greenfields include stamping plant in Zaheerabad and gear expansion plant in Pune.
- Current priority on brownfield expansions and adding machines to existing plants for faster, cost-effective growth (e.g., forging business expansions).
- Several greenfield projects under discussion in two different verticals, nearing final negotiation stages with customers.
- Planned expansions across multiple verticals including iron foundry (new line launching), gears (expanding Rajkot and Chakan plants), stamping (new robotic line by mid next year), and forging (adding three new presses).
2 more points from CIE Automotive's call on capex
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FundraisingQ1 FY27 call
See what CIE Automotive said on fundraising — free account, 30 seconds.
Order bookQ1 FY27 call
Rising- CIE Automotive India reported a new order book of around INR 5 billion per year during the first half of the year.
- The orders are distributed across different verticals and product segments.
- They are expanding capacity across multiple product segments in India based on this order inflow.
2 more points from CIE Automotive's call on the order book
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Ranges are what management guided for revenue growth and margins on the latest earnings call. Not investment advice, and not a forecast of returns.
Potential multibaggers · Q2 FY27
Potential multibaggers in Auto Components
on management's own guidance
- Strong growth2
- Strong growth1
- Strong growth3
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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.
Peers
Auto Components companies ranked on guidance
| # | Company | Revenue guided | Margin guided | Market cap | P/E |
|---|---|---|---|---|---|
| 1 | 40%+ | Flat | ₹3,020 Cr | 47.8 | |
| 2 | 40%+ | Flat | ₹1,998 Cr | 63.5 | |
| 3 | 40%+ | Flat | ₹428 Cr | 17.5 | |
| 4 | 20–40% | Up 2%+ | ₹25,721 Cr | 73.8 | |
| 5 | 20–40% | Up 2%+ | ₹13,417 Cr | 40.5 | |
| 6 | 20–40% | Up 0–2% | ₹23,344 Cr | 37.6 |
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Pro shows every company guiding 40%+ revenue growth →Full Auto Components rankingCIE Automotive announcements
All announcements →- Acquisition / mergerNotableCIE Automotive India: NCLT allows application on merger of wholly owned subsidiary
Financials of CIE Automotive
Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.
Shareholder Pattern
CIE Automotive
Shareholding breakup across reporting periods.
| Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Promoters + | 65.70% | 65.70% | 65.70% | 65.70% | 65.70% | 65.70% | 65.70% | 65.70% | 65.70% | 65.70% | 65.70% | 65.70% |
| FIIs + | 5.63% | 5.11% | 5.03% | 4.32% | 4.47% | 4.38% | 4.15% | 4.23% | 4.32% | 4.73% | 4.95% | 4.68% |
| DIIs + | 15.98% | 18.12% | 19.45% | 20.33% | 20.72% | 20.91% | 21.48% | 21.52% | 21.64% | 21.32% | 20.65% | 20.75% |
| Government + | 0.03% | 0.04% | 0.04% | 0.04% | 0.04% | 0.04% | 0.04% | 0.04% | 0.04% | 0.05% | 0.05% | 0.05% |
| Public + | 12.66% | 11.03% | 9.78% | 9.60% | 9.07% | 8.98% | 8.61% | 8.50% | 8.29% | 8.20% | 8.65% | 8.82% |
| No. of Shareholders | 1,36,385 | 1,34,185 | 1,24,046 | 1,25,648 | 1,26,309 | 1,24,238 | 1,21,265 | 1,06,089 | 1,03,202 | 1,00,114 | 1,10,555 | 1,13,417 |
Financials of CIE Automotive
Quarterly Results
Quarter-by-quarter operating performance
| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 2,279 | 2,240 | 2,427 | 2,293 | 2,135 | 2,110 | 2,273 | 2,369 | 2,372 | 2,393 | 2,612 | 2,621 | 2,633 |
| Expenses + | 1,934 | 1,913 | 2,066 | 1,933 | 1,804 | 1,811 | 1,937 | 2,032 | 2,016 | 2,058 | 2,210 | 2,231 | 2,259 |
| Operating Profit | 345 | 327 | 361 | 360 | 331 | 299 | 335 | 337 | 356 | 335 | 402 | 390 | 374 |
| OPM % | 15% | 15% | 15% | 16% | 15% | 14% | 15% | 14% | 15% | 14% | 15% | 15% | 14% |
| Other Income + | 209 | 18 | 52 | 32 | 27 | 40 | 37 | 23 | 20 | 28 | 31 | 31 | 46 |
| Interest | 31 | 30 | 22 | 21 | 17 | 18 | 13 | 2 | 4 | 9 | 9 | 10 | 4 |
| Depreciation | 78 | 78 | 86 | 84 | 80 | 81 | 86 | 87 | 89 | 96 | 94 | 97 | 93 |
| Profit before tax | 445 | 237 | 304 | 287 | 260 | 240 | 273 | 271 | 283 | 259 | 329 | 313 | 323 |
| Tax % | 16% | 29% | 24% | 24% | 25% | 23% | 25% | 25% | 24% | 21% | 24% | 25% | 24% |
| Net Profit + | 375 | 169 | 230 | 217 | 195 | 185 | 206 | 204 | 214 | 204 | 249 | 236 | 244 |
| EPS in Rs | 9.90 | 4.45 | 6.08 | 5.72 | 5.15 | 4.88 | 5.44 | 5.37 | 5.64 | 5.39 | 6.57 | 6.21 | 6.42 |
Financials of CIE Automotive
Profit & Loss
Annual income statement trend
| Mar 2015 | Dec 2015 9m | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 5,570 | 4,001 | 5,320 | 6,428 | 8,032 | 7,908 | 6,050 | 6,765 | 8,753 | 9,280 | 8,964 | 9,406 | 10,259 |
| Expenses + | 5,128 | 3,638 | 4,789 | 5,622 | 7,031 | 6,940 | 5,548 | 5,823 | 7,581 | 7,856 | 7,613 | 8,044 | 8,759 |
| Operating Profit | 442 | 363 | 531 | 806 | 1,001 | 968 | 502 | 942 | 1,172 | 1,424 | 1,351 | 1,362 | 1,500 |
| OPM % | 8% | 9% | 10% | 13% | 12% | 12% | 8% | 14% | 13% | 15% | 15% | 14% | 15% |
| Other Income + | -183 | -49 | 22 | 20 | 39 | 28 | 55 | 32 | -749 | 409 | 150 | 109 | 135 |
| Interest | 121 | 50 | 59 | 51 | 50 | 52 | 55 | 35 | 23 | 107 | 78 | 27 | 32 |
| Depreciation | 238 | 163 | 232 | 268 | 287 | 316 | 306 | 273 | 296 | 322 | 331 | 358 | 380 |
| Profit before tax | -100 | 101 | 262 | 507 | 702 | 628 | 195 | 666 | 104 | 1,403 | 1,092 | 1,087 | 1,224 |
| Tax % | -22% | 24% | 35% | 29% | 29% | 44% | 45% | 41% | 231% | 20% | 24% | 24% | |
| Net Profit + | -78 | 77 | 169 | 358 | 498 | 354 | 106 | 393 | -136 | 1,125 | 828 | 828 | 933 |
| EPS in Rs | -2.42 | 2.37 | 4.47 | 9.47 | 13.15 | 9.33 | 2.81 | 10.37 | -3.59 | 29.66 | 21.81 | 21.83 | 24.59 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 24% | -70% | 17% | 32% | 32% |
Financials of CIE Automotive
Balance Sheet
Capital structure and asset base
| Mar 2015 | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 323 | 323 | 378 | 378 | 379 | 379 | 379 | 379 | 379 | 379 | 379 | 379 | 379 |
| Reserves | 1,564 | 1,683 | 2,888 | 3,337 | 3,910 | 4,255 | 4,529 | 4,818 | 4,719 | 5,609 | 6,197 | 7,080 | 7,364 |
| Borrowings + | 1,549 | 1,085 | 1,392 | 1,197 | 1,613 | 1,469 | 1,648 | 1,487 | 985 | 855 | 570 | 426 | 513 |
| Other Liabilities + | 1,515 | 2,052 | 2,177 | 2,587 | 2,582 | 2,460 | 2,808 | 3,137 | 3,837 | 2,909 | 2,602 | 2,850 | 3,055 |
| Total Liabilities | 4,951 | 5,143 | 6,835 | 7,499 | 8,484 | 8,563 | 9,364 | 9,821 | 9,920 | 9,753 | 9,749 | 10,736 | 11,313 |
| Fixed Assets + | 3,124 | 3,293 | 4,517 | 4,750 | 4,905 | 6,044 | 6,741 | 6,587 | 5,547 | 5,810 | 5,857 | 6,200 | 6,257 |
| CWIP | 126 | 56 | 97 | 60 | 96 | 54 | 12 | 125 | 119 | 54 | 66 | 130 | 167 |
| Investments | 57 | 67 | 39 | 55 | 681 | 96 | 234 | 438 | 576 | 821 | 1,038 | 1,459 | 771 |
| Other Assets + | 1,643 | 1,727 | 2,182 | 2,634 | 2,802 | 2,370 | 2,376 | 2,671 | 3,678 | 3,068 | 2,787 | 2,947 | 4,118 |
| Total Assets | 4,951 | 5,143 | 6,835 | 7,499 | 8,484 | 8,563 | 9,364 | 9,821 | 9,920 | 9,753 | 9,749 | 10,736 | 11,313 |
Financials of CIE Automotive
Cash Flows
Operating, investing and financing cash movement
| Mar 2015 | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity + | 322 | 680 | 304 | 512 | 708 | 1,027 | 539 | 1,051 | 1,118 | 1,383 | 881 | 1,258 |
| Cash from Investing Activity + | -184 | -225 | -831 | -303 | -1,017 | -589 | -422 | -762 | -637 | -905 | -237 | -802 |
| Cash from Financing Activity + | -294 | -494 | 575 | -236 | 362 | -404 | -38 | -363 | -488 | -427 | -553 | -526 |
| Net Cash Flow | -155 | -39 | 48 | -26 | 53 | 34 | 80 | -74 | -6 | 51 | 91 | -70 |
| Free Cash Flow | 115 | 479 | 106 | 212 | 304 | 613 | 238 | 573 | 675 | 871 | 500 | 885 |
| CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit | 78% | 194% | 68% | 77% | 85% | 118% | 118% | 123% | 112% | 122% | 85% | 112% |
Financials of CIE Automotive
Ratios
Working capital efficiency and return ratios
| Mar 2015 | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 28 | 35 | 36 | 34 | 34 | 34 | 43 | 36 | 36 | 25 | 26 | 24 |
| Inventory Days | 98 | 152 | 142 | 128 | 123 | 103 | 131 | 148 | 93 | 86 | 85 | 86 |
| Days Payable | 149 | 296 | 260 | 204 | 169 | 144 | 190 | 212 | 163 | 144 | 124 | 143 |
| Cash Conversion Cycle | -24 | -109 | -82 | -42 | -12 | -7 | -16 | -28 | -35 | -32 | -13 | -33 |
| Working Capital Days | -9 | -73 | -48 | -20 | -18 | -31 | -44 | -45 | -34 | -38 | -2 | -16 |
| ROCE % | 10% | 10% | 8% | 12% | 14% | 11% | 4% | 11% | 15% | 18% | 17% | 15% |
Guidance history
How CIE Automotive's guidance has moved, call by call
| Call | Revenue | Margins | Capex | Fundraising | Order book |
|---|---|---|---|---|---|
| Q1 FY27 call → | 10–20% | Up 0–2% | Planned | — | Rising |
| Q4 FY26 call → | 10–20% | Flat | Planned | — | Rising |
| Q3 FY26 call → | 10–20% | Flat | Planned | None planned | Rising |
| Q2 FY26 call → | 0–10% | Flat | — | — | — |
What management guided on each call, newest first. Not investment advice, and not a forecast of returns.
Momentum score · price trend
13 out of 100 — Cooling
Over the past year its share price has done worse than most of the stocks we track.
| Period | Share price change | Better than … of 1,910 stocks |
|---|---|---|
| Last 12 months | −19.2% | 37% |
| Last 6 months | −25.1% | 12% |
| Last 3 months | −13.8% | 31% |
The price is 42% below its all-time high of ₹611.9 (5 Jul 2024). Stocks more than 20% below their peak have their score halved, so 26 became 13.
How we calculate it
“Better than 30%” means that over that period the share price did better than 30 out of every 100 stocks we track (1,910 Indian companies worth ₹500 Cr or more, with at least a year of prices).
The score weighs the longer periods more: 40% × 12-month + 40% × 6-month + 20% × 3-month. For CIE Automotive: 0.4 × 37 + 0.4 × 12 + 0.2 × 31 = 26, halved to 13 because the price is more than 20% below its all-time high.
Strengthening is 70 and above, Steady 40 to 70, Cooling below 40. Scores are recalculated every night after the market closes.
Full methodology →This describes only how the share price has moved up to 29 Oct 2026, compared with other stocks. It says nothing about the business, and it is not a prediction, a price target or a recommendation to buy or sell.
Continue your research
What CIE Automotive's management said in earlier quarters
- Q2 FY27 earnings call analysis →
- Q1 FY27 earnings call analysis →
- Q4 FY26 earnings call analysis →
- Q1 FY26 earnings call analysis →
- Q4 FY25 earnings call →
- Q3 FY25 earnings call →
- Q2 FY25 earnings call →
- Q1 FY25 earnings call →
- Q4 FY24 earnings call →
- Q3 FY24 earnings call →
- Q2 FY24 earnings call →
- Q1 FY24 earnings call →
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