CIE Automotive India Limited (CIEINDIA)
Micro CapAuto stocks · Micro cap · NSE
CIE Automotive India Limited is an auto ancillary company with manufacturing operations in India and Europe. It produces components for Light Vehicles, 2 Wheelers, Tractors, and MHCVs, serving both domestic and international markets.
One read, four checks
75+ is strong, 60-74 is usable, 45-59 is mixed, and below 45 needs caution. These are research lenses, not buy/sell instructions.
Investable fundamentals, management trust is supportive, price trend argues for patience, and recent execution is consistent.
Fundamental lens: valuation, quality, growth, balance sheet, and cash flow.
low confidence · 0/0 claims checked
Timing lens: price trend and sector relative strength.
Rolling lens: recent quarterly delivery, not the latest single-result score.
Quarter ended 30 Jun 2026
Good · 60/100Rev +11% YoY · PAT +16% YoY · margin expansion · operating leverage
| Metric | This quarter | YoY | QoQ |
|---|---|---|---|
| Revenue | ₹2,621 Cr | +10.6% | +0.3% |
| EBITDA | ₹390 Cr | +15.7% | -3.0% |
| Operating margin | 15.0% | +100 bps | +0 bps |
| PAT | ₹236 Cr | +15.7% | -5.2% |
| PAT margin | 9.0% | +39 bps | -53 bps |
NDF means not disclosed in the current structured filing feed. It is intentionally not treated as zero.
Business & thesis
Growth engines, tailwinds/headwinds, and risk radar from management commentary
Business & thesis
Growth engines, tailwinds/headwinds, and risk radar from management commentary
Where growth can come from, and what can break the case
CIEINDIA reports solid H1CY26 consolidated sales growth of 13% YoY, driven by strong Indian market performance and favorable currency in Europe. Q2CY26 EBITDA margins slightly compressed due to West Asia conflict-related cost inflation.
The company delivered robust H1CY26 results, primarily fueled by strong demand in the Indian automotive market across segments. European operations showed margin recovery due to past restructuring, despite weak market evolution. However, geopolitical tensions and associated cost inflation remain a concern for margins.
Revenue by Geography (H1CY26)
Latest issuer-disclosed distribution across 2 reported categories.
Indian Market Growth
Double-digit growth in H1CY2026 supported by a favorable market across Light Vehicles, 2 Wheelers, Tractors, and MHCVs.
Europe Restructuring Benefits
Margin recovery in Europe due to effect of last year’s restructuring activities, despite weak market evolution.
Favorable Exchange Rate
Europe sales growth in INR terms was +12% YoY in H1CY26, with a positive exchange rate effect of +13% in Q2CY26.
Growing Capex
Growing Capex of INR 1,254 million in H1CY26, indicating ongoing investments.
Optimistic Market Signals
Market signals are optimistic for the near future, especially in India.
Indian Automotive Demand
Indian business growth is aligned with positive evolution of the market across segments.
Cost Inflation
Margins slightly affected by price inflation generated by the conflict in West Asia, affecting mainly raw materials, energy & consumables.
Weak European Market
Drop in euro terms of -3% in H1CY26 due to weak European automotive market evolution.
Geopolitical Tensions
Market signals are uncertain due to the geopolitical tensions around the world, impacting costs.
Management accountability
What management said, and what results must prove
Management accountability
What management said, and what results must prove
What management said, and what results must prove
Issuer guidance and extracted claims are tracked against later reported outcomes. Treat these as management statements, not IndiaPulse forecasts.
The presentation provides both YoY and QoQ comparisons for Q2, and YoY for H1, which is crucial for assessing both annual growth trends and sequential momentum or short-term impacts like cost inflation.
Consolidated Sales Growth (H1CY26 YoY)
Sales 50,843 INR Million, up 13% YoY (H1CY26 vs H1CY25).
India Sales Growth (H1CY26 YoY)
India Sales 32,739 INR Million, up 14% YoY (H1CY26 vs H1CY25).
Europe Sales Growth (H1CY26 YoY)
Europe Sales 18,104 INR Million, up 12% YoY (H1CY26 vs H1CY25), but -3% in Euro terms.
Consolidated EBITDA Margin (H1CY26)
Consolidated EBITDA margin 16.7% (H1CY26), up from 16.3% (H1CY25).
Solid Performance
Overall solid sales performance thanks to Indian business organic growth and Europe exchange rate evolution.
Margin Management
Maintaining global margins despite general cost and price pressures in India and weak market evolution in Europe.
Merger of Subsidiary
Scheme of Amalgamation filed for merger of CIE Aluminium Casting India Limited, a wholly owned subsidiary, with the Holding Company.
Numbers and claims to verify in the next filings
| Checkpoint | Current evidence | What to verify next |
|---|---|---|
| India EBITDA Margin | 17.2% (H1CY26) | Impact of cost inflation from West Asia conflict and ability to pass through costs. |
| Europe Sales Growth (Euro terms) | -3% (H1CY26 YoY) | Recovery in European automotive market evolution and sustained margin improvement from restructuring. |
| Net Financial Debt / EBITDA | -0.83 (as of 30 June 2026) | Maintenance of negative net financial debt and efficient capital allocation for growing capex. |
Verification checkpoints are IndiaPulse research interpretation, not investment advice.
Trend score and candlestick chart
25Bearishfull bear SMA stack · SMA20 -8.2% / mo · RSI oversold · MACD − · near 52W low · sector -3.3pp vs Nifty (3M)
Technical chart
CIEINDIAdaily · 1Y · AUTO-18.1%Daily technical trend read
Bearish setupTrend is weak — long-term trend down. RSI 27.
- Price < SMA20 < SMA50 < SMA200 — full bearish stack.
- Recent death cross (SMA50 crossed below SMA200).
- SMA20 falling (~8.9% over last month) — short-term momentum negative.
- RSI(14) at 27 — oversold zone; bounce conditions.
- MACD below signal, histogram expanding negatively — bearish momentum building.
- Within 5% of 52-week low — testing support.
Mechanical read from the price + indicator series above. Not a recommendation — technical setups can reverse without warning, especially around earnings and macro events.
Valuation & score drivers
U-Score 65 · UNDERVALUED · pillar breakdown, sector model, fair-value anchor
Valuation & score drivers
U-Score 65 · UNDERVALUED · pillar breakdown, sector model, fair-value anchor
Fundamental score breakdown
UNDERVALUEDWhy this score?
Top U-Score contributors and drags from the latest stored fundamentals.
Positive drivers
- FCF yield is supportive at 3.1%.
- Piotroski is strong at 8/9.
- Fair-value margin of safety is positive at 59.3%.
Main drags
- Quality is weaker at 2/20; verify the latest quarterly trend.
- Valuation is weaker at 17/30; verify the latest quarterly trend.
- Cash flow is weaker at 6/10; verify the latest quarterly trend.
Consumer valuation: PE/PEG and brand-quality premium
Consumer franchises can deserve higher multiples, but only when growth quality supports them.
Stored run vs live recompute
This shows the stored score trend when snapshots exist, and also compares the latest stored nightly score with a live recompute from current fundamentals and price.
Score history
12 stored score snapshots. Latest stored move: -1 points.
Factor attribution
Modelled fair value
Trust score
Does management behaviour match later outcomes? Claim delivery, forensic breakdown, evidence depth
Trust score
Does management behaviour match later outcomes? Claim delivery, forensic breakdown, evidence depth
Trust asks: does management behaviour match later outcomes? Higher is better, but confidence and evidence depth matter as much as the number.
Healthy Trust: Claim history is still being built. It ranks around the 94th percentile of the scored universe and 87th percentile within Auto. No major sub-score weakness stands out.
High Trust Lite: Promoter holding is 65.7%.
Generally investable credibility. Look for weak sub-scores before increasing position size.
overall median 67 · Auto: 87th pctile, median 74 · Micro: 90th pctile, median 73
175 documents have extracted text, but claim history is not strong enough yet.
0 claims extracted · No contradicted claim yet
How to read this Trust Score
Healthy Trust · low confidenceRead Trust alongside U-Score, result consistency, and technical trend. A cheap stock with weak Trust needs a larger margin of safety; a high Trust score does not make an expensive stock attractive by itself.
Forensic breakdown
Read low sub-scores as due-diligence warnings, not automatic sell signals.
Trust positives
- ▸Promoter holding is 65.7%.
- ▸Promoter pledge is zero.
- ▸FCF yield is positive at 3.1%.
- ▸10 years of positive FCF.
Trust risks
- ▸No major Trust Lite risk flags.
Trust Lite uses financial behaviour only. Prefer claim-tested Trust when enough concall claims have later outcomes.
Financials
Full fundamentals table and 10-year revenue / profit / ROE history
Financials
Full fundamentals table and 10-year revenue / profit / ROE history
Fundamentals
Valuation
- P/E
- 16.30
- P/B
- 1.89
- EV/EBITDA
- 8.14
- Market Cap
- 14619.00Cr
Profitability
- ROE
- 11.80%
- ROCE
- 14.70%
- ROA
- 7.98%
- Dividend Y
- 1.82%
Growth (CAGR)
- Revenue 5Y
- 9.00%
- EPS 5Y
- 54.00%
- Revenue 3Y
- 2.00%
- EPS 3Y
- 127.00%
Balance Sheet
- Debt/Equity
- 0.07
- Interest Coverage
- 46.31×
- Altman Z
- 4.93
- Book Value
- 204.00
Cash Flow
- FCF Yield
- 3.12%
- FCF Positive Y
- 10/5
- OCF
- 1258.00 Cr
- EPS TTM
- 23.81
Shareholding
- Promoter Hold
- 65.70%
- Promoter Pledge
- 0.00%
- Momentum 52W
- 2%
Financial History
Updated 5/9/2026
Revenue
₹ CrNet Profit
₹ CrReturn on Equity
%Peers
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Peers
Business-comparable names in Auto, ranked by similarity
Peers
Business-comparable peers in Auto — ranked by industry, sub-sector, theme-tag overlap, market cap, and U-Score similarity. Green cells mark the best available peer metric in this table.