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Mahindra CIE Automotive Limited (MAHINDCIE.NS)
Key financial summary
Financials in INR| 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | TTM | ||
|---|---|---|---|---|---|---|---|---|
| Total revenue | INR bn | 80 | 79 | 61 | 84 | 82 | 93 | 93 |
| Operating profit | INR bn | 11 | 11 | |||||
| Net profit | INR bn | 5 | 4 | 1 | 4 | 7 | 11 | 10 |
| EPS reported | INR | 29.66 | 25.79 | |||||
| Operating cashflow per share | INR | 34.73 | 34.73 | |||||
| Capex per share | INR | 13.98 | 13.98 | |||||
| FCF per share | INR | 20.75 | 20.75 | |||||
| Free cash flow | INR bn | 8 | 6 | |||||
| Net debt | INR bn | -2 | -2 | |||||
| Book value equity | INR bn | 60 | 60 | |||||
| Book value per share | INR | 157.8 | 157.8 | |||||
| Number of shares | m | 379.36 | 379.36 | |||||
| DPS (TTM paid) | INR | 2.50 | 0.00 |
Financial summary
Financials in INR| 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | TTM | ||
|---|---|---|---|---|---|---|---|---|
| Value | ||||||||
| P/E TTM | x | 17.26 | - | |||||
| P/B LTM | x | 3.24 | 3.24 | |||||
| P/S LTM | x | 2.09 | 2.09 | |||||
| P/FCF LTM | x | 24.67 | 30.14 | |||||
| EV/EBITDA LTM | x | 13.31 | 12.77 | |||||
| EV/Sales LTM | x | 2.16 | 2.07 | |||||
| Earnings Yield LTM | % | 5.79% | 5.79% | |||||
| FCF Yield | % | 4.05% | 3.32% | |||||
| Quality | ||||||||
| ROE | % | 18.79% | 20.30% | |||||
| ROIC | % | 11.07% | 11.07% | |||||
| Operating margin | % | 11.87% | 11.87% | |||||
| Gross margin | % | 32.90% | 32.90% | |||||
| FCF/Sales | % | 8.48% | 8.48% | |||||
| Growth and momentum | ||||||||
| EPS Growth YoY | % | +58.19% | +58.19% | |||||
| Sales Growth YoY | % | +12.79% | +12.79% | |||||
| Net Income Growth YoY | % | +58.18% | +58.18% | |||||
| FCF Growth | % | +27.63% | +27.63% | |||||
| Operating Profit Growth | % | +18.25% | +18.25% | |||||
| Dividend and capital structure | ||||||||
| Dividend Yield | % | 0.49% | 0.00% | |||||
| Dividend Growth | % | - | - | |||||
| Payout Ratio | % | 8.43% | 0.00% | |||||
| FCF/Debt | x | 0.92 | 0.75 | |||||
| Net Debt/EBITDA | x | 0.41 | 0.41 | |||||
| EBIT/Net interest | x | 10.26 | 10.26 | |||||
| Net debt/market cap | % | -0.85% | -1.02% | |||||
| Net debt/Equity | x | -0.03 | -0.03 | |||||
| Gross debt/equity | x | 0.14 | 0.14 | |||||
Company overview
Mahindra CIE Automotive Limited is a leading producer and supplier of automotive components, catering to original equipment manufacturers (OEMs) and other customers across India and Europe. Its comprehensive product range features precision-engineered forgings, including crankshafts and steering components, along with various stamped parts for body and chassis systems. The company also manufactures gears, shafts, transmission gears, axle and engine components. Furthermore, it supplies specialized magnetic products, such as permanent magnets and soft ferrite cores, in addition to sheet and dough molding compounds. Beyond core auto parts, its offerings extend to medical equipment covers and windmill components. Specific examples from its extensive catalog include oil sumps, turbo housings, exhaust manifolds, passive entry antenna components, synchro hubs, planetary carriers, differential and carrier housing products, knuckles/stub axles, brake calipers, spring saddles, and various exterior and cabin components like hoods, fenders, bonnets, foot plates, front grills, and stamped cabin components, as well as heavy-duty parts such as lift arms, rocker arms, trunion brackets, and toppling cranks. These components are vital for a diverse range of vehicles, including cars, utility vehicles, commercial vehicles, tractors, off-road vehicles, and two-wheelers. Incorporated in Mumbai, India, in 1999, the company changed its name from Mahindra Forgings Limited to its current form in November 2013. Mahindra CIE Automotive Limited is a subsidiary of Participaciones Internacionales Autometal Dos S.L.
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Mahindra CIE Automotive Limited (MAHINDCIE.NS)
Mahindra CIE Automotive Limited is a leading producer and supplier of automotive components, catering to original equipment manufacturers (OEMs) and other customers across India and Europe. Its comprehensive product range features precision-engineered forgings, including crankshafts and steering components, along with various stamped parts for body and chassis systems. The company also manufactures gears, shafts, transmission gears, axle and engine components. Furthermore, it supplies specialized magnetic products, such as permanent magnets and soft ferrite cores, in addition to sheet and dough molding compounds. Beyond core auto parts, its offerings extend to medical equipment covers and windmill components. Specific examples from its extensive catalog include oil sumps, turbo housings, exhaust manifolds, passive entry antenna components, synchro hubs, planetary carriers, differential and carrier housing products, knuckles/stub axles, brake calipers, spring saddles, and various exterior and cabin components like hoods, fenders, bonnets, foot plates, front grills, and stamped cabin components, as well as heavy-duty parts such as lift arms, rocker arms, trunion brackets, and toppling cranks. These components are vital for a diverse range of vehicles, including cars, utility vehicles, commercial vehicles, tractors, off-road vehicles, and two-wheelers. Incorporated in Mumbai, India, in 1999, the company changed its name from Mahindra Forgings Limited to its current form in November 2013. Mahindra CIE Automotive Limited is a subsidiary of Participaciones Internacionales Autometal Dos S.L.
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