CIE Automotive India logo

CIE Automotive India share price

NSE: CIEINDIABSE: 532756Auto ComponentsSmall Cap

CIE Automotive India Limited · Formerly Mahindra CIE Automotive · Face value ₹10 · Listed Aug 2006 on BSE, Aug 2007 on NSE
Last close ₹355.05down ₹8.85 (2.43%)BSE ₹356.00

Share price at the NSE close on 29 Oct 2026. Previous close ₹363.90.

29 Oct: open ₹363.95, high ₹364.85, low ₹352.35

52-week range of traded prices to 29 Oct 2026
₹341.00Low, 23 Oct 2026₹526.00High, 23 Feb 2026
Market cap
₹13,469 Cr383rd largest listed
P/E
14.44
P/B
1.74
Dividend yield
1.97%
ROE
12.7%
ROCE
13.6%
Debt to equity
0.06
Volume, NSE
4,96,486

CIE Automotive India share price chart

Daily closes since Jan 2007, BSE closes Jan 2007 to Aug 2007, adjusted for splits and bonuses

−19.2%over a year

ResultsDividend20-session average 2,19,995 shares a day, 54.1% delivered

About CIE Automotive India

CIE Automotive India Limited makes auto components by forging, iron casting, stamping and machining, as well as gears, magnetic products and composites.1 It supplies vehicle makers (original equipment manufacturers, or OEMs) and their first-tier suppliers from operations in India, Spain, Lithuania, Italy and Mexico.2 In India its customers make cars and light commercial vehicles, two-wheelers, tractors, trucks and construction equipment; in Europe they mainly make light vehicles.3

Its forged parts include crankshafts, knuckles, constant velocity joints and steering shafts; its aluminium castings include crankcases, pump housings and housings for electric vehicles.4 It also makes stamped body panels, chassis parts and fuel tanks, iron castings such as differential and turbine housings, and composite battery trays and three-wheeler body panels.5

It was incorporated in 1999.6 Mahindra Hinoday Industries and Mahindra Ugine Steel Company were merged into it with effect from 10 Dec 2014, when the Spanish company CIE Galfor also became its wholly owned subsidiary.78 CIE Aluminium Casting India became a wholly owned subsidiary on 9 Apr 2019.9

CIE Automotive S.A. of Spain is the ultimate holding company and holds 65.71% of the company through its subsidiaries.101112 CIE Galfor is the holding company for the businesses in Europe and Mexico.12

CIE Automotive India key points

Results

  • In the quarter to Sep 2026, consolidated revenue from continuing operations was ₹26,331.80 million and profit for the period ₹2,436.86 million, against ₹23,718.44 million and ₹2,139.38 million a year earlier.1314
  • Consolidated EBITDA (earnings before interest, tax, depreciation and amortisation), measured by the company as net operating income plus depreciation, was ₹4.2 billion in the quarter to Sep 2026, up 11% on a year earlier.1516
  • In the 9 months to Sep 2026, consolidated revenue from continuing operations was ₹78,656.83 million and profit for the period ₹7,286.67 million, against ₹70,134.76 million and ₹6,238.67 million a year earlier.1314
  • In the year to Dec 2025, consolidated revenue from continuing operations was ₹94,064.74 million and profit for the period ₹8,281.72 million.1714

Business segments

  • Segment revenue, ₹ million1819
    Itemyear to Dec 2025year to Dec 2024
    India61,430.8957,542.86
    Europe32,641.7732,144.57
    The group reports one business, automotive components, in 2 regional segments.
  • India sales, as the company presents them, rose 18% to ₹18 billion in the quarter to Sep 2026; the India EBITDA margin fell to 16.3% from 17.3%, which the company attributes to raw material and energy costs from the West Asia conflict.20
  • Europe sales, as the company presents them, fell 4% to ₹7.6 billion in the quarter to Sep 2026, while the Europe EBITDA margin rose to 16.3% from 14.1%, which the company attributes to the previous year's restructuring.2122
  • The company stated in its annual report for the year to Dec 2025 that its European business depends heavily on forged crankshafts, which electric vehicles (EVs) do not need, and plans other parts, such as battery plates, to offset this.23

Revenue mix

  • Approximate share of India sales by vehicle segment24
    Itemyear to Dec 2025
    Light vehicles~half
    Two- and three-wheelers~1/4th to 1/5th
    Tractors~1/6th
    The rest is split among heavy trucks, off-highway vehicles and non-auto uses.

Plants and capacity

  • Its Indian forging plants are 1 in Pune, 4 in Bangalore and 1 each in Haridwar, Coimbatore and Hosur; its aluminium plants are 2 in Chhatrapati Sambhajinagar and 1 in Pantnagar.25
  • In Europe it has 3 forging plants in Spain and Lithuania and 1 gears plant in Italy, run by Metalcastello.26

Customers and partners

  • Mahindra & Mahindra (M&M) is a major customer: its purchases of goods were almost 18% of consolidated sales in the year to Dec 2025.27
  • Forgings customers it names include M&M, Maruti Suzuki, Tata Motors, Bajaj and TVS in India, and Renault, VW Group, Daimler and BMW in Europe.28
  • In Europe, where its customers are largely based, the largest customer accounts for about 12-15% of sales.29
  • The company has signed a revised GKN contract for its Mexico forging plant, Bill Forge Mexico, with lower volumes over a longer term; turnover there fell about 20% on the previous year.30

New orders and EV parts

  • In the 9 months to Sep 2026, the company won ₹9.7 billion of new orders in India and about ₹3 billion in Europe.31
  • About 10% to 12% of the new orders won in Europe in the year to Dec 2026 so far are for EVs.32
  • In India its EV orders span all its product lines, and it supplies steering races to almost all electric two-wheeler makers.33

Expansion and capital spending

  • On its earnings call of 22 Oct 2026, the company said India capital spending would almost double in the year to Dec 2026 and stay similar in the year to Dec 2027, and might be about 8% of sales.343536
  • On its earnings call of 22 Oct 2026, the company said it has ordered 2 forging presses for Chakan, is moving 1 press from Mexico to Hosur by the first quarter of 2027, and is building a 4,000 square metre gear plant.3537
  • On its earnings call of 22 Oct 2026, the company said it plans organic growth, having found no suitable acquisition in 4 to 5 years, and that its iron foundry is fully booked.38

Recent events

  • On 24 Sep 2026 the National Company Law Tribunal (NCLT), which rules on mergers, allowed the company's application for directions on meetings to merge CIE Aluminium Casting India into it; on 22 Oct 2026 the merger awaited an NCLT order.394041
  • On 4 Sep 2026 the company said it had invested ₹1,20,75,60,000 in its wholly owned subsidiary CIE Hosur Limited through a rights issue (new shares offered to existing shareholders).42
  • On 18 Aug 2026 the company said ICRA reaffirmed its [ICRA]AA (Stable) long-term and [ICRA]A1+ short-term ratings on a ₹575 crore line of credit; a credit rating is an agency's view of a borrower's ability to repay.4344
  • On 23 Apr 2026 the board approved merging CIE Aluminium Casting India, its wholly owned aluminium die-casting subsidiary, into the company, with no shares to be issued.4546

Last updated

All 46 sources, each with its page
  1. 1. Exchange filing, 23 Apr 2026, page 4
  2. 2. Annual report, 2 Apr 2026, page 101
  3. 3. Annual report, 2 Apr 2026, page 102
  4. 4. Annual report, 2 Apr 2026, page 102
  5. 5. Annual report, 2 Apr 2026, page 103
  6. 6. Annual report, 2 Apr 2026, page 146
  7. 7. Annual report, 2 Apr 2026, page 78
  8. 8. Annual report, 2 Apr 2026, page 135
  9. 9. Annual report, 2 Apr 2026, page 134
  10. 10. Annual report, 2 Apr 2026, page 31
  11. 11. Investor presentation, 22 Oct 2026, page 5
  12. 12. Annual report, 2 Apr 2026, page 101
  13. 13. Investor presentation, 22 Oct 2026, page 20
  14. 14. Investor presentation, 22 Oct 2026, page 22
  15. 15. Earnings call, 22 Oct 2026, page 4
  16. 16. Investor presentation, 22 Oct 2026, page 9
  17. 17. Annual report, 2 Apr 2026, page 58
  18. 18. Annual report, 2 Apr 2026, page 110
  19. 19. Investor presentation, 22 Oct 2026, page 23
  20. 20. Earnings call, 22 Oct 2026, page 3
  21. 21. Earnings call, 22 Oct 2026, page 3
  22. 22. Earnings call, 22 Oct 2026, page 4
  23. 23. Annual report, 2 Apr 2026, page 105
  24. 24. Annual report, 2 Apr 2026, page 106
  25. 25. Annual report, 2 Apr 2026, page 51
  26. 26. Annual report, 2 Apr 2026, page 51
  27. 27. Annual report, 2 Apr 2026, page 30
  28. 28. Annual report, 2 Apr 2026, page 102
  29. 29. Annual report, 2 Apr 2026, page 51
  30. 30. Earnings call, 22 Oct 2026, page 5
  31. 31. Earnings call, 22 Oct 2026, page 5
  32. 32. Earnings call, 22 Oct 2026, page 10
  33. 33. Annual report, 2 Apr 2026, page 105
  34. 34. Earnings call, 22 Oct 2026, page 4
  35. 35. Earnings call, 22 Oct 2026, page 10
  36. 36. Earnings call, 22 Oct 2026, page 12
  37. 37. Earnings call, 22 Oct 2026, page 6
  38. 38. Earnings call, 22 Oct 2026, page 10
  39. 39. Exchange filing, 25 Sep 2026, page 1
  40. 40. Exchange filing, 25 Sep 2026, page 2
  41. 41. Earnings call, 22 Oct 2026, page 12
  42. 42. Exchange filing, 4 Sep 2026, page 1
  43. 43. Exchange filing, 18 Aug 2026, page 1
  44. 44. Exchange filing, 18 Aug 2026, page 2
  45. 45. Exchange filing, 23 Apr 2026, page 1
  46. 46. Exchange filing, 23 Apr 2026, page 4

Results

Consolidated; ₹ crore.CIE Automotive India quarterly results

Revenue growth, 12 months
+12.4%
Net profit growth, 12 months
+15.3%

Quarter to Sep 2026, against the quarter before

Revenue
₹2,633 Crup 0.48%
Net profit
₹244 Crup 3.43%
Net margin
9.3%

Revenue by quarter

₹2,110 CrDec 24₹2,273 CrMar 25₹2,369 CrJun 25₹2,372 CrSep 25₹2,393 CrDec 25₹2,612 CrMar 26₹2,621 CrJun 26₹2,633 CrSep 26
Peak revenue ₹2,633 Cr, quarter to Sep 2026; lowest ₹2,110 Cr, quarter to Dec 2024

Net profit by quarter, a loss in red

₹185 CrDec 24₹206 CrMar 25₹204 CrJun 25₹214 CrSep 25₹204 CrDec 25₹249 CrMar 26₹236 CrJun 26₹244 CrSep 26
₹ croreDec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
Revenue2,1102,2732,3692,3722,3932,6122,6212,633
Net profit185206204214204249236244
Net margin8.8%9.1%8.6%9.0%8.5%9.5%9.0%9.3%
Consolidated. The last eight quarters. The latest is shaded. Net profit is the whole group's, the other owners of its subsidiaries included; P/E and ROE use the company's own share.

Business segments

Share of revenue, year to Dec 2025, consolidated.Segment revenue and profit

  • India₹6,143 Crup 1.39%65.3%
  • Europe₹3,264 Crup 12.18%34.7%
The pill is the change in revenue on the year before; the share is of all the businesses together.

Valuation

Today, against the company's own history. Its history crosses a change of basis in the accounts in the years to Dec 2022 and Dec 2023: days before it are of the company before the change.CIE Automotive India PE ratio and valuation

Price to earnings

At or below today's level on 3% of 2,109 trading days over the last 10 years.

LowestHighest
Its median26.63Industry median23.59
Price to book

At or below today's level on 28% of 2,049 trading days since Jul 2018.

LowestHighest
Its median2.27Industry median2.69
Dividend yield

At or below today's level on 100.0% of 2,437 trading days over the last 10 years.

LowestHighest
Its median0.00%Industry median0.60%

Where the return came from

Yearly rates to Dec 2025, per-share figures restated for splits and bonuses.

OverReturn a yearEarnings growthChange in P/EDividend yield
1 year−8.2%+0.1%−9.9%1.6%
3 years+8.6%––1.4%
5 years+21.0%+50.7%−20.5%1.2%
Return is price growth plus the average dividend yield. Change in P/E is (1 + price growth) / (1 + earnings growth) - 1, so the parts compound rather than add. Earnings growth and the change in P/E are left empty where earnings per share at either end of the window was a loss or is not on record.

Shareholding

Per cent of the company's shares, from the filing for Sep 2026.CIE Automotive India shareholding pattern

Shareholding by group

  • Promoters65.70%
  • Foreign institutions4.68%
  • Indian institutions20.75%
  • Governments0.05%
  • Individuals and others8.82%
Holder
PARTICIPACIONES INTERNACIONALES AUTOMETAL, DOS S.LPromoter65.70%
Holders are named in the company's own words: an insurer's holding can carry one of its funds' names. Mutual funds are left out here and listed fund by fund below.

Since Jun 2026: promoters unchanged, foreign institutions −0.27 pts, Indian institutions +0.10 pts, mutual funds +1.00 pts.

Mutual fund holdings

77 funds disclosed a holding for Sep 2026. What they did in Sep 2026, against each fund's month before. 40 of the 45 funds that added or cut are index funds, ETFs or arbitrage funds: an index fund or ETF holds what its index holds, and an arbitrage fund holds the share against a sale of its future.All 77 funds holding CIE Automotive India

Added
15
Cut
30
Held unchanged
32
Sold out
1
Portfolios disclosed for Sep 2026. Weight is the holding as a share of the fund's assets.

Promoter and insider buying and selling

Trades made since 29 Oct 2025.CIE Automotive India insider trading

Bought on the market Sold on the market
  • Directors and key managers0 purchases, 4 salesNo purchase₹16 CrNet−₹16 Cr
Bought and sold count trades on the market only. A pledge is shares given to a lender as security for a loan; a lender invokes it by selling them.

CIE Automotive India competitors and peers

Auto Components & Equipments, 155 listed companies, priced on 29 Oct 2026. The table lists the 8 companies closest to CIE Automotive India in market cap.Automobile companies

Where the company sits among the companies nearest its size

Return on equity across, P/E up, size is market cap
Company
Tenneco Clean Air India logoTenneco Clean Air IndiaTENNIND17,27628.7614.43––50.2%69.4%0.00%
Minda Corporation logoMinda CorporationMINDACORP15,31930.585.80+26.6%+95.3%20.7%13.8%0.22%
SEDEMAC Mechatronics logoSEDEMAC MechatronicsSEDEMAC14,146–31.49––––0.00%
Lumax Auto Technologies logoLumax Auto TechnologiesLUMAXTECH14,03038.689.99+32.8%+71.5%29.5%22.4%0.27%
Amara Raja Energy & Mobility logoAmara Raja Energy & MobilityARE&M12,88713.981.59+12.7%+7.2%11.9%10.9%1.51%
Ramkrishna Forgings logoRamkrishna ForgingsRKFORGE12,474116.703.79+8.5%–3.4%6.4%0.15%
Varroc Engineering logoVarroc EngineeringVARROC12,29062.316.90+14.7%+47.3%11.8%20.4%0.19%
JBM Auto logoJBM AutoJBMA11,54050.137.12+15.9%+10.5%15.2%13.0%0.17%
Market cap in ₹ crore. Growth is the last twelve months against the twelve before. A figure is left empty where it would rest on a loss or the company has under a year of results on record. ROE is the shareholders' profit over their net worth. ROCE is profit before interest and tax over the whole group's net worth plus borrowings, as in the figures at the top of the page.

Dividends

Per share, by the year it was paid for, and the latest payments.CIE Automotive India dividend history

Dividend per share, ₹, restated for later splits and bonuses

Dec 16Dec 17Dec 18Dec 19Dec 202.5Dec 212.5Dec 225Dec 237Dec 247Dec 25
Highest ₹7.00 a share, years to Dec 2024 and Dec 2025.
Ex-dateTypePer share
22 Apr 2026Final₹7.00
23 Apr 2025Final₹7.00
13 Jun 2024Final₹5.00
2 Jun 2023Final₹2.50
13 Apr 2022Final₹2.50
Latest payments, as declared, by ex-date.

Latest announcements

Routine notices left out.CIE Automotive India announcements

CIE Automotive India share price by year

Each calendar year to 2025.CIE Automotive India share price history

YearClose at year endChangeHighest closeLowest close
2025424.50−9.8%486.45376.05
2024470.750.0%619.00419.20
2023470.70+36.8%549.45335.65
2022344.10+46.9%344.10166.95
2021234.20+36.2%298.45151.50
2020172.00+4.4%178.0561.65
2019164.75−35.9%255.10138.20
2018257.00−0.4%299.20205.50
2017258.15+40.5%259.65181.80
2016183.75−26.8%253.45158.00
₹ per share, adjusted for splits and bonuses since. Change is on the close at the end of the year before.

Recent sessions

The 9 trading days to 28 Oct 2026, as traded on NSE; the latest is at the top of the page.

DateOpenHighLowCloseAverage priceVolumeDelivery
28 Oct 2026365.50365.50358.85363.90362.391,54,47859.8%
27 Oct 2026360.70368.45356.10365.50363.632,22,36259.1%
26 Oct 2026351.55360.05345.10358.70354.982,30,41845.7%
23 Oct 2026355.10357.45341.00351.55349.437,36,38744.6%
22 Oct 2026369.55369.85363.00364.65365.551,50,49056.1%
21 Oct 2026374.90375.45366.90369.55370.101,91,38757.0%
19 Oct 2026376.00379.60370.60371.40374.691,30,61558.0%
16 Oct 2026378.40378.85374.05377.20376.631,12,70463.8%
15 Oct 2026382.00382.00375.10376.60378.292,50,58864.7%
Prices in ₹ per share as traded, not adjusted.

Company details

Chairperson
Shriprakash Shukla
At the end of the quarter to Sep 2026
Chief executive
Ander Arenaza Alvarez
At the end of the quarter to Sep 2026
Chief executive
Manoj Mullassery Menon
At the end of the quarter to Sep 2026
NSE symbol
CIEINDIA
BSE code
532756
ISIN
INE536H01010
Industry
Auto Components
Former symbols
MAHINDCIE, MAHINDFORG
CIN
L27100PN1999PLC245720
Corporate identity number, the registrar of companies' code for it
Incorporated
1999
Registered office
G Block, Bhosari Industrial Estate, Near BSNL office, Bhosari, Pune 411026, Maharashtra
Share registrar
KFin Technologies Ltd
Keeps the register of shareholders and handles transfers and dividend payments