Mahindra CIE Automotive Ltd up by 8.30 percent | Espresso


Espresso shot of the day – Mahindra CIE Automotive Ltd up by 8.30 percent

June 04, 2021
Espresso shot of the day – Mahindra CIE Automotive Ltd up by 8.30 percent

MAHINDRA CIE AUTOMOTIVE LTD 226.35 (+8.30 %) BSE – INE536H01010 | 4TH JUNE 2021

Mahindra CIE Automotive Limited is part of the global auto component player viz. CIE Automotive Group of Spain. They are a diversified multi-technology company which enables them to be a player with complex & value added parts that afford sufficient volume but with relatively lesser competition. Mahindra CIE Automotive Limited businesses have access to a wider range of product technologies and geographies that will allow them to better serve customer’s current and future business needs, in India and around the world. All their plants are well established and certified to have standardised processes and highly qualified management who have a plethora of experience, which will ensure that we can partner with you in developing value added parts and effectively service your needs on a day to day basis.

They are specialised in their individual businesses and are rapidly evolving to the changing customer needs.

  • Forgings : Leading producer of forged crankshafts both in India & Europe; significant player in common rail forgings in Europe
  • Castings: MCIE is among India's leading producers of ductile iron castings including turbocharger housings, differential housings & exhaust manifolds
  • Magnetics: India's leading producer & exporter of cores & magnets for car & 2Wheeler industry
  • Stampings: Among the largest automotive stamping companies in India

Recent Drivers

  • On May 28, 2021, Mahindra CIE Automotive Limited reported quarterly net profit at Rs 10.09 crores in March 2021.
  • On May 28, 2021, Mahindra CIE Automotive Ltd Net Sales at Rs 2,189.40 crores in March 2021.
  • On domestic demand outlook, the outlook seems very promising on the back of the strong recovery in the two-wheelers, passenger vehicles sector segment. In fact, the management has indicated that India business is expected to grow faster on the back of an increasing share of exports.
  • On April 23, 2021, Based on a review of the latest developments, the Rating Committee of ICRA, after due consideration has retained the long-term Rating of [ICRA]AA minus and a short-term Rating of [ICRA]A1 plus.
  • On March 22, 2021, subscribed to 7,85,313 equily shares of Sunbarn Renewables Private Limited, for sourcing green energy on captive basis and optimizing the power cost.

 (Sources: Moneycontrol, Business Standard, BSEIndia, CNBC TV18)

Technical Force*

  • S&P BSE 500 month till date gain up by 1.29%
  • 3 months avg. volume of NSE: 3,76,237
  • Quantity traded: 1,88,302 | Deliverable quantity: 87,527 (46.48%)
  • Stock price has jumped more than 140% from one year low level: 93.25 (June 17, 2020)
  • Daily RSI (14) is in Overbought territory today
  • 52-week-high: 234.50 | 52-week-low: 93.25

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Some Key Ratios (Source: BSE)

Market Cap: 8,579.38 crores


OPM%: 13.90

ROE%: -0.88

Promoters holding%: 71.61

Prev. Close: 209.00

*Chart And Technical Force data taken from the Binge desktop app.

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Chandresh Khona
by Chandresh Khona

Product Offerings Head

A teacher, writer, travel buff and now Espresso's Product Offerings Head. Ten years here has allowed me to lead the digital team at Sharekhan. My true passion lies in stock market charts.