CIE Automotive India Ltd (CIEINDIA) AI Stock Analysis

• Market Cap: ₹174.73B
• Dividend Yield: 1.77%
• Average Volume (3M): 19.81K
• Price to Earnings (P/E): 19.4
• Beta (1Y): 1.21
• Revenue Growth: 0.32%
• EPS Growth: -0.32%
• Country: IN
• Employees: 4,190
• Sector: Industrials
• Sector Strength: 72
• Industry: Auto - Parts
• EPS (TTM): 5.29
• Shares Outstanding: 379,362,370
• 10 Day Avg. Volume: 27,348
• 30 Day Avg. Volume: 19,806
• PEG Ratio: 20.02
• Price to Book (P/B): 2.16
• Price to Sales (P/S): 1.71
• P/FCF Ratio: 18.36
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: ₹543.00
• Price Target Upside: 24.86% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 3
• EPS Forecast (FY): 30.15
• Revenue Forecast (FY): ₹102.58B

• Rating: 74 Outperform
• Price Target: ₹526.00 ▲(20.95% Upside)
• Action: Reiterated Date: 02/21/26
• Date: Action: Reiterated 02/21/26

The score is primarily supported by strong financial quality (low leverage, rising equity, and improved 2025 operating/free cash flow). Technicals are positive but somewhat overextended (high RSI/Stoch), and valuation is only moderately attractive given the P/E and modest dividend yield.

Positive Factors

Conservative balance sheet

Material debt reduction and steady equity growth have strengthened the capital base, lowering leverage and improving financial flexibility. This durable position supports investment in capacity, cushions cyclical automotive demand, and reduces refinancing risk across 2–6 months and beyond.

Improved cash generation

Significant operating and free cash flow improvement in 2025 demonstrates the company’s ability to convert operations into cash. Strong cash generation supports capex, deleveraging, and shareholder returns and provides a buffer during automotive cycles over the medium term.

Diversified engineering capabilities & group support

Broad manufacturing technologies and affiliation with a global automotive group provide competitive advantages: deeper engineering know‑how, cross‑border customer relationships and product breadth. This lowers customer concentration risk and aids long‑term contract wins.

Negative Factors

Earnings not recovered to prior peak

Earnings have rebounded but remain below the 2023 peak, indicating pressures on margin or mix. A sustained lag versus prior peak suggests structural margin compression or competitive pricing pressure that could limit long‑term profitability and return on capital.

Cash flow volatility

Year‑to‑year volatility in free cash flow highlights inconsistent cash conversion and planning uncertainty. Irregular FCF complicates steady reinvestment, dividends or debt reduction plans and raises exposure to adverse cycles or one‑off working capital swings.

Cyclicality tied to OEM volumes

Revenue and earnings depend heavily on OEM production cycles and platform lifecycles, exposing the business to macro and model‑specific downturns. This structural exposure increases revenue volatility and makes long‑term forecasting and capacity utilization more uncertain.

CIE Automotive India Ltd Business Overview & Revenue Model

Company Description

CIE Automotive India Limited manufactures and sells automotive components to original equipment manufacturers and other customers in India and Europe. It offers forging products, such as crankshafts, steering components, and other forged products; stampings, including body systems, chassis systems, and assembly; gears and shafts; axle and transmission parts, engine parts, and other products; magnetic products comprising permanent magnets, soft ferrite cores, impeder cores, and magnetic induction lightings; sheet and dough molding compounds; auto parts, medical equipment covers, and windmill parts; and aluminum casting products. The company also provides oil sumps, turbo housings, exhaust manifolds, passive entry antenna components, synchro and cast hubs, and planetary carriers; differential and carrier housing, electrical, transmission/driveline, and suspension products; knuckles/stub axles, brake calipers, spring saddles, hoods, fenders, bonnets, foot plates, front grills, front axle support products, and stamped cabin components; and lift arms, rocker arms, trunion brackets, and toppling cranks. It offers its products for use in cars, utility vehicles, commercial vehicles, tractors, off road vehicles, and two-wheelers. The company was formerly known as Mahindra CIE Automotive Limited and changed its name to CIE Automotive India Limited in June 2023. The company was incorporated in 1999 and is based in Mumbai, India. CIE Automotive India Limited is a subsidiary of Participaciones Internacionales Autometal, Dos S.L.

How the Company Makes Money

CIE Automotive India Ltd generates revenue primarily through the sale of automotive components and assemblies to major automobile manufacturers. The company's revenue model is based on long-term contracts and partnerships with original equipment manufacturers (OEMs), which provide a stable income stream. Key revenue streams include the production of metal components, modules, and complete systems for vehicles, as well as aftermarket parts. Additionally, CIEINDIA benefits from economies of scale, efficient production processes, and a focus on new technologies, which enhance its competitiveness. Strategic partnerships with global automotive players and participation in various supply chains further contribute to its earnings, allowing the company to leverage market trends and expand its customer base.

CIE Automotive India Ltd Financial Statement Overview

Summary

Strong overall fundamentals driven by a conservative balance sheet (debt reduced materially, rising equity, low leverage) and improved 2025 cash generation (OCF ~12.5B, FCF ~8.8B). Income statement is solid but not back to the 2023 earnings peak, and both growth and free cash flow have shown some cyclicality/volatility.

Income Statement

Revenue has expanded from 2020 to 2025 (annual reports), with growth normalizing to mid-single digits in 2025 after a slight decline in 2024. Profitability is a clear strength: recent years show solid net income (about 8.3B in both 2024 and 2025) after the 2022 loss, indicating a meaningful rebound. However, earnings have not yet re-attained the 2023 peak (about 11.3B), and margins appear to have softened versus the stronger 2023–2024 period based on the available margin history.

Balance Sheet

The balance sheet looks conservatively financed. Debt has come down materially from 2020 to 2025, while equity has grown steadily (about 49.1B in 2020 to 74.6B in 2025), supporting a stronger capital base. Leverage is low in the years where it’s provided (debt-to-equity improved from ~0.39 in 2020 to ~0.09 in 2024), and returns on equity were healthy in 2023–2024, though the 2022 loss is a reminder that results can be cyclical.

Cash Flow

Cash generation is solid and generally supportive of earnings quality. Operating cash flow strengthened meaningfully versus 2024 and is strong in 2025 (~12.5B), while free cash flow also improved sharply in 2025 (~8.8B) after a weaker 2024 (~4.9B). That said, free cash flow has shown volatility year-to-year (notably the decline in 2024), and historical cash conversion versus net income is moderate rather than consistently high based on the provided coverage indicators.

Breakdown	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	94.06B	89.64B	92.80B	87.53B	67.65B
Gross Profit	31.52B	41.31B	41.95B	38.24B	32.96B
EBITDA	13.62B	14.00B	14.25B	10.23B	10.11B
Net Income	8.28B	8.28B	11.25B	-1.36B	3.93B
Balance Sheet
Total Assets	107.57B	97.69B	97.62B	99.28B	99.56B
Cash, Cash Equivalents and Short-Term Investments	16.60B	12.92B	9.94B	6.28B	5.74B
Total Debt	4.46B	5.70B	8.55B	9.85B	14.87B
Total Liabilities	32.98B	31.92B	37.74B	48.30B	47.59B
Stockholders Equity	74.59B	65.77B	59.88B	50.98B	51.97B
Cash Flow
Free Cash Flow	8.77B	4.94B	7.87B	6.17B	5.25B
Operating Cash Flow	12.55B	8.81B	13.18B	11.18B	10.51B
Investing Cash Flow	-8.07B	-2.38B	-9.10B	-6.39B	-7.55B
Financing Cash Flow	-5.00B	-5.53B	-4.27B	-4.88B	-3.63B

CIE Automotive India Ltd Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 434.90
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:CIEINDIA, the sentiment is Positive. The current price of 434.9 is below the 20-day moving average (MA) of 468.11, below the 50-day MA of 441.66, and above the 200-day MA of 425.92, indicating a neutral trend. The MACD of 4.06 indicates Positive momentum. The RSI at 50.99 is Neutral, neither overbought nor oversold. The STOCH value of 74.34 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:CIEINDIA.

CIE Automotive India Ltd Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
CIEINDIA	74 Outperform	₹174.73B	19.45	―	1.77%	0.32%	-0.32%
SONACOMS	74 Outperform	₹314.69B	49.42	―	0.65%	7.34%	2.27%
SUNDRMFAST	66 Neutral	₹170.52B	37.63	―	0.84%	3.59%	1.37%
JBMA	65 Neutral	₹134.36B	67.30	―	0.15%	7.63%	11.25%
GABRIEL	64 Neutral	₹124.04B	66.34	―	0.46%	17.87%	21.19%
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%
CRAFTSMAN	59 Neutral	₹164.30B	42.81	―	0.07%	54.58%	-12.30%

CIE Automotive India Ltd Corporate Events

CIE Automotive India Appoints Protiviti as Internal Auditor for 2026

CIE Automotive India Ltd has appointed Protiviti India Member Private Ltd, a global consulting and internal audit specialist, as its internal auditor effective 19 February 2026 for the financial year ending 31 December 2026. The move signals a push to strengthen internal controls and governance, with Protiviti tasked to audit the company’s functions and activities under an audit plan approved by the board’s Audit Committee.

By engaging a reputed international firm, CIE Automotive India is likely aiming to enhance risk management, compliance rigour and operational transparency, which may be viewed positively by investors and regulators. The internal auditor will remain in office until the completion and submission of the internal audit report for the 2026 calendar year, reinforcing oversight as the company navigates its operating environment.

CIE Automotive India Publishes Q4 and Full-Year CY2025 Investor Presentation

CIE Automotive India Ltd has released an investor presentation detailing its financial and operational performance for the fourth quarter and full year of calendar year 2025. The presentation has been shared with stock exchanges and uploaded to the company’s website, offering shareholders and market participants updated insight into its recent results and business progress.

The disclosure underscores the company’s ongoing commitment to transparent communication with investors and regulatory bodies. By providing timely access to its Q4 and full-year CY2025 results, CIE Automotive India aims to support informed decision-making among stakeholders and maintain compliance with listing requirements on both the BSE and NSE.

CIE Automotive India Schedules Q4 and Full-Year CY25 Results Call for February 20

CIE Automotive India Ltd has announced the schedule for its conference call to discuss financial results for the fourth quarter and full year of calendar year 2025. The call, to be held on Friday, 20 February 2026, will feature senior management including the CEO, CFO, and key strategy and finance executives.

The results call provides investors and analysts an opportunity to engage directly with management on the company’s performance and outlook, reinforcing transparency and compliance with listing regulations. Details of the call and registration are being made available on the company’s website, underscoring its focus on structured communication with capital market stakeholders.