back to top
HomeSHARE MARKETThis Stock Corrected 20% From The Upper Level; Now The Target Is...

This Stock Corrected 20% From The Upper Level; Now The Target Is 30% Upside

Hot Stocks Alert Join

Auto Stocks to BUY: Today, in this post we’ll discuss about CIE Automotive India latest news, fundamentals, potential growth areas, and all sorts of information regarding this company to gain a better understanding. We hope our analysis will provide you better insight about the company.

The financial year 2023-24 was great for the stock market. A rise of more than 31% was recorded in Nifty. 

The market outlook for the medium to long term is optimistic. In such an environment, it will be advantageous to invest in stocks of high quality to last for a long time.

This auto auxiliary company CIE Automotive India (NSE: CIEINDIA) is expected to create wealth for its investors. It is the Indian subsidiary of the global giant. It is currently at Rs.460.

 A healthy correction of 20% has come from the upper level.

CIE Automotive’s Client List Is Amazing

CIE Automotive India manufactures many types of automotive components. It has 31 manufacturing units.

The client list includes many big companies like Mahindra & Mahindra, Maruti, Bajaj, TVS, and Ford. This company also caters to electric car maker Tesla.

At the Vibrant Gujarat Summit, Tesla announced setting up in Gujarat. When development comes in the coming days, this company will get strategic benefits. The company has started working on EVs.

CIE Automotive Share Price Target

The fundamentals of CIE Automotive India are strong. The December quarter result was good. 

The margin is more than 20%. The debt of the company is very low. The debt-equity ratio is 0.18. 

FII and DII hold around 22% stake. The target for the next 9-12 months is Rs 600. At present, this share is at 460. The target price is higher by 30.

This Year’s Low Of Rs 406 Was Made In March

CIE Automotive shares ended the week at Rs.460 during the week.52 weeks high is Rs 578 which it made on 19th July 2023. 

52 weeks low is of Rs 332 which was made on 29 March 2023. In March itself, this stock had made this year’s low of Rs 407 on the 14th.

In such a situation, downside risk appears to be less. This year the stock has posted negative returns of around 2.5. The return over the past year was 37 percent.

About CIE Automotive India Ltd

CIE Automotive India Limited, which was previously Mahindra CIE Automotive Limited, is an Indian multi-technology automobile components provider,

that has a presence in a variety of technologies including castings, forgings stampings magnetic products, composites, and gears. 

The company is focused on the market for automotive components which includes cars utility vehicles commercial vehicles, tractors, and others. 

The company’s forging business provides crankshafts, stub axle machines forged components front axle beams, steel pistons, 

as well as flashless near-net forgings and forged steel components Stamping business provides sheets of metal, components, and assemblies;

the castings business provides turbocharger housings, axles, and transmission parts.

The aluminum casting business comprises gravity or high-pressure casting that specialises in the thin wall to thick wall components that include engine components, 

brake system components as well as aesthetically sensitive parts. 

The company has more than 29 manufacturing facilities, which include four of them in Europe & one located in Mexico.

Fundamental Analysis of CIE Automotive India Ltd

Market Cap₹ 17,519 Cr.
Current Price₹ 462
52-wk High₹ 580
52-wk Low₹350
Stock P/E22.0
Book Value₹ 158
Dividend0.54 %
ROCE18.3 %
ROE14.4 %
Face Value₹ 10.0
P/B Value2.93
OPM15.3 %
EPS₹ 29.7
Debt₹ 855 Cr.
Debt to Equity0.14

CIE Automotive India Ltd Share Price Target 2024 To 2030

Year1st Target2nd Target
2024₹470₹520
2025₹522₹600
2026₹622₹700
2027₹722₹760
2028₹800₹869
2029₹900₹968
2030₹1000₹1100
Hot Stocks Alert Join

CIE Automotive India Ltd Shareholding Pattern

Promoters Holding
Dec 202274.96%
Mar 202368.90%
June 202365.70%
Sept 202365.70%
Dec  202365.70%
FII Holding
Dec 20227.29%
Mar 20238.62%
June 20237.54%
Sept 20236.61%
Dec  20235.63%
DII Holding
Dec 20227.47%
Mar 202311.19%
June 202314.75%
Sept 202315.40%
Dec  202315.98%
Hot Stocks Alert Join
Govt. Holding
Dec 20220.00%
Mar 20230.01%
June 20230.02%
Sept 20230.03%
Dec  20230.03%
Public Holding
Dec 202210.29%
Mar 202311.26%
June 202311.96%
Sept 202312.26%
Dec  202312.66%

CIE Automotive India Ltd Share: Last 5 Years’ Financial Condition

To gain a better understanding of how the market is performing, let’s look at the outlook of this share in the previous years. 

However, investors should be aware of the risks and the market conditions before making any investment decision.

Last 5 Years’ Sales:

2019₹7,908 Cr
2020₹6,050 Cr
2021₹6,765 Cr
2022₹8,753 Cr
2023₹9,280 Cr
Hot Stocks Alert Join

Last 5 Years’ Net Profit:

2019₹354 Cr
2020₹106 Cr
2021₹393 Cr
2022₹-136 Cr
2023₹1,125 Cr

Last 5 Years’ Debt-To-Equity Ratio:

20190.34
20200.34
20210.25
20220.18
20230.13

Last 10 Years’ Profit Growth:

10 Years:25%
5 Years:10%
3 Years:102%
Current Year:1042%

Last 10 years’ Return on Equity (ROE):

10 Years:7%
5 Years:6%
3 Years:7%
Last Year:14%

Sales Growth Over 10 Years:

10 Years:15%
5 Years:3%
3 Years:15%
Current Year:6%

Conclusion

This article is a complete guide about CIE Automotive India Ltd Share.

These information and forecasts are based on our analysis, research, company fundamentals and history, experiences, and various technical analyses. 

Also, We have talked in detail about the share’s future prospects and growth potential.

Hopefully, these informations will help you in your further investment. 

If you are new to our website and want to get all the latest updates related to the stock market, join us on Telegram Group.

If you have any further queries, please comment below. We will be happy to answer all your questions. 

If you like this information, share the article with as many people as possible.

Disclaimer: The information on this site is only for informational and educational purposes and shouldn’t be considered financial advice or stock recommendations. We are here to provide timely updates about the stock market and financial products to help you make better investment choices. Do your own research before any investment.

BEST FOR YOU

1 COMMENT

  1. Long time watching you. You are fabulous. So helpful your analysis please go ahead to help the investor.
    Thank you dada.

LEAVE A REPLY

Please enter your comment!
Please enter your name here