Announcement
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 24 Sep - Pursuant to Regulation 30 read with Para A of Schedule III and Regulation 46(2) of the SEBI (LODR) Regulations, ....
Source: Bse
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.
Data qualityFresh enough for analysisQuote updated 21 Oct, 02:02 pm ISTDetails
Quote21 Oct, 02:02 pm IST
Base fundamentals14 Oct 2026 · screener
Latest result23 Jul, 01:00 am IST
Score21 Oct, 04:30 am IST · v4.3-runtime-valuation
Tags02 May 2026
Coverage14/14 · 100%
Valuation2026-07-20 · Rf 6.8% · Auto P/E 25.7 (n=127)
Technical timing lens
Trend score and candlestick chart
34Bearishfull bear SMA stack · SMA20 -1.7% / mo · MACD + · near 52W low · sector -2.5pp vs Nifty 500 (3M)
Stock trend: 28
Sector RS: 42
Sector 3M: -8.6% vs Nifty 500 -6.1%
Auto FPI tailwindNot confirmed
Latest mapped FPI equity flow was not positive. View sector evidence
Technical chart
CIEINDIAD candles · FIT view-21.5%TODAY · PROVISIONALLatest price ₹368.50 on 2026-10-21
Today's candle is provisional from the latest intraday quote; completed-candle scans remain unchanged.
Bar
-1.7%
RSI
37
MACD hist
-0.07
52W pos
1%
2026-10-21O ₹374.90H ₹375.45L ₹366.90C ₹368.50Vol 1.3L shIntraday candle
Up bar
Down bar
EMA 20
EMA 50
Volume + 20D avg
Result date
RSI(14)
MACD / signal
Market context
Relative performance and chart statistics
Adjusted completed-session prices, rebased to 100
CIEINDIANifty AutoNifty 500
- CIEINDIA
- -21.6%
- Nifty 500
- -5.6%
- Nifty Auto
- -5.4%
- Vs Nifty 500
- -16.0 pp
Chart stats
19 Oct 2026- From 52W high
- -29.4%
- 52W range position
- 3%
- ATR (14)
- 2.3%
- Volume vs 20D
- 0.58x
- Avg traded value
- ₹8.1 Cr
- 20D price channel
- ₹368.3 - ₹398.1
₹526
₹366.9 - ₹526
₹8.4
Latest completed session
20-session average
23.7% annualized volatility
Research snapshot
What the evidence says now
Investable fundamentals, management evidence is still limited to a financial-only Trust Lite signal, price trend argues for patience, and recent execution is consistent.
Suggested next step
Research, do not rush
The evidence is not strongly aligned. Compare peers and wait for a cleaner setup.
U-Score
Legacy · UNDERVALUED66
Fundamental lens: valuation, quality, growth, balance sheet, and cash flow.
Latest result
Good60
Revenue +10.6% · PAT +15.7% YoY
Technical
Bearish34
Price trend and sector-relative-strength timing.
Valuation
Legacy model+59.8%
Legacy margin-of-safety estimate; the revised evidence label remains in shadow validation.
Trust
Limited evidence82
Financial-only signal; management claim evidence is not sufficient yet.
Financials
Fundamentals, quarterly history, margins, returns and balance-sheet evidence
Financials
Fundamentals, quarterly history, margins, returns and balance-sheet evidence
Latest result
Quarter ended 30 Jun 2026
Good · 60/100Rev +11% YoY · PAT +16% YoY · margin expansion · operating leverage
Filed 22 Jul 2026
Open results browser →| 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.
Fundamentals
Valuation
- P/E
- 16.10
- P/B
- 1.87
- EV/EBITDA
- 8.05
- Market Cap
- 14444.00Cr
Profitability
- ROE
- 11.80%
- ROCE
- 14.70%
- ROA
- 7.98%
- Dividend Y
- 1.84%
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
- 4.90
- Book Value
- 204.00
Cash Flow
- FCF Yield
- 3.16%
- FCF Positive Y
- 10/5
- OCF
- 1258.00 Cr
- EPS TTM
- 23.81
Shareholding
- Promoter Hold
- 65.70%
- Promoter Pledge
- 0.00%
- Momentum 52W
- 9%
Financial History
Updated 20/10/2026
Revenue
₹ CrLatest: 9,406+4.9% vs prev
Net Profit
₹ CrLatest: 828+0.0% vs prev
Return on Equity
%Latest: 11.1-11.8% vs prev
Technicals
Trend interpretation, Stage 2, relative strength, volume and indicator evidence
Technicals
Trend interpretation, Stage 2, relative strength, volume and indicator evidence
Daily technical trend read
Bearish setupTrend is weak — long-term trend down. RSI 37.
- Price < SMA20 < SMA50 < SMA200 — full bearish stack.
- SMA20 falling (~2.0% over last month) — short-term momentum negative.
- RSI(14) at 37 — falling, no extreme reading.
- MACD below signal but histogram contracting — bearish momentum easing.
- 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.
Nifty 500 leadership
Relative Strength & Trend Stage
33
RS percentile
Stage 4 Downtrend
1M return
-4.1%
3M return
-21.6%
6M return
-21.3%
1Y return
-15.3%
RS 1D
+1
RS 20D
-3
Sector rank
#3
Industry rank
#30
Stage evidence
- Price is 14.7% below the 30-week proxy.
- The 50-DMA is below the 30-week proxy and its slope is falling -2.6%.
- Both 3-month and 6-month returns are negative.
50-DMA
price below
200-DMA
price below
Sector
leading
Industry
neutral
Relative-strength line vs Nifty 500 (base 100)
261 observations
19 Oct 2026Value 94.51-0.52%
RS vs Nifty 50095
Valuation & peers
U-Score 66 · legacy U-Score band UNDERVALUED · valuation evidence and comparable companies
Valuation & peers
U-Score 66 · legacy U-Score band UNDERVALUED · valuation evidence and comparable companies
Growth at Value
Fundamental score breakdown
U band · UNDERVALUEDValuation17/30
Growth21/25
Quality2/20
Balance Sheet14/15
Cash Flow6/10
Piotroski
8/9 (+5)
Penalties
1
Raw sum
66
Why this score?
Top U-Score contributors and drags from the latest stored fundamentals.
66/100 · legacy band UNDERVALUED
Positive drivers
- FCF yield is supportive at 3.2%.
- Piotroski is strong at 8/9.
- Fair-value margin of safety is positive at 59.8%.
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.
Sector valuation model
Consumer valuation: PE/PEG and brand-quality premium
Consumer franchises can deserve higher multiples, but only when growth quality supports them.
Primary lens
PE and PEG relative to growth, ROE, margins, and brand strength.
Secondary checks
Volume growth, pricing power, distribution, same-store or category growth.
Main risk check
Premium valuation needs durable growth and margin resilience.
PE
16.1
PB
1.9
EV/EBITDA
8.1
ROE
11.8%
ROCE
14.7%
FCF Yield
3.2%
Debt/Equity
0.1
MoS
+59.8%
Score movement
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.
Stored run: 21 Oct 2026
v4.3-runtime-valuation
Final score
66
Previous: 66
Legacy U-Score band
UNDERVALUED
Previous: UNDERVALUED
Margin of safety
+59.8%
Previous: +59.5%
Score history
12 stored score snapshots. Latest stored move: +0 points.
21 Oct 2026
v4.3-runtime-valuation
66
66
66
66
66
66
66
66
66
66
66
66
Factor attribution
No pillar movement versus the latest stored run. Historical score trend will appear after snapshot storage is enabled.
Modelled fair value
Graham Number
₹330.59
-11.5% MoS
Growth-justified P/E
38.5
Growth-justified Value
₹917.88
+59.8% MoS
PEG
0.19
Comparable companies
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.
Ticker
Name
Why peer
Score
PE
ROE
MoS
Verdict
NDRAUTO
Small
Ndr Auto Components Limited
Auto Components
match 156
57
25.7
18.9%
+35%
FAIR VALUE
CRAFTSMAN
Small
Craftsman Automation Limited
Auto Components
match 149
28
61.4
12.5%
-53%
OVERVALUED
ASKAUTOLTD
Micro
ASK Automotive Limited
Auto Components
match 141
54
37.5
25.1%
+8%
FAIR VALUE
LUMAXTECH
Micro
Lumax Auto Technologies Limited
Auto Components
match 138
55
40.5
26.4%
-4%
FAIR VALUE
VARROC
Micro
Varroc Engineering Limited
Auto Components
match 137
46
43.8
15.1%
-61%
FAIR VALUE
Business, management & trust
Growth engines, risks, management commitments and evidence-backed delivery
Business, management & trust
Growth engines, risks, management commitments and evidence-backed delivery
Business and thesis
Where growth can come from, and what can break the case
Thesis intactReviewed 2026-07-23T00:40:43.070Z
Management commentary snapshot
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.
Current business mix
Revenue by Geography (H1CY26)
Latest issuer-disclosed distribution across 2 reported categories.
India64.3%
Europe35.6%
Growth engines
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.
Capacity and execution
Growing Capex
Growing Capex of INR 1,254 million in H1CY26, indicating ongoing investments.
Tailwinds
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.
Headwinds
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.
Risk radar
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
Issuer guidance and extracted claims are tracked against later reported outcomes. Treat these as management statements, not IndiaPulse forecasts.
Analyst reading lens
Compare BOTH
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.
Sector KPIs management disclosed
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).
Management forward view
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.
Thesis monitor
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.
Trust Score
82Limited evidence · low confidenceTrust Lite
Trust asks: does management behaviour match later outcomes? Higher is better, but confidence and evidence depth matter as much as the number.
Limited evidence: Claim history is still being built. It ranks around the 94th percentile of the scored universe and 88th percentile within Auto. No major sub-score weakness stands out.
This is a financial-behaviour screen, not a claim-tested management reliability verdict.
Computed 05 Sept 2026
management-trust-v1
175 docs text-extracted · 80 concalls text-extracted
Score band
Limited evidence
Financial behaviour is scored, but management claims do not yet have enough outcome checks.
Relative rank
94th percentile
overall median 67 · Auto: 88th pctile, median 74 · Micro: 90th pctile, median 73
Evidence depth
Financial-only
175 documents have extracted text, but claim history is not strong enough yet.
Claim delivery
Outcome history still building
0 claims extracted · No contradicted claim yet
How to read this Trust Score
Limited evidence · low confidenceWhat it measures
Reliability of management and financial delivery, using financial behaviour only.
Confidence
Treat this as an early read until more concalls and outcomes are matched.
Investor use
Can support position sizing if valuation and trend also agree.
Read 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.
Promoter
86
strong · holding, pledge, alignment
Cash flow
77
strong · profit to cash conversion
Balance sheet
96
strong · leverage and solvency
Discipline
60
acceptable · capital discipline
Results
95
strong · quarterly consistency
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.
Continue researching CIE Automotive India Limited
Important announcements & filings
Latest exchange and company disclosures found within the past two years.
Open source ↗
Announcement
Announcement under Regulation 30 (LODR)-Acquisition 4 Sep - Acquired 69.4 lakh CIE Hosur shares for ₹120.76 crore via rights issue.
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 1 Sep - Pursuant to Regulation 30 read with Para A of Schedule III and Regulation 46(2) of the SEBI (LODR) Regulations, ....
Source: Bse
Credit rating
Announcement under Regulation 30 (LODR)-Credit Rating 18 Aug - ICRA reaffirmed CIE Automotive India's [ICRA]AA(Stable)/[ICRA]A1+ ratings on Rs.575 crore credit facilities.
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Newspaper Publication 5 Aug - Newspaper Publication - Opening of Special Window for Transfer and Dematerialisation of Physical Securities.
Source: Bse
Annual report
Annual Report 2025
Source: Bse
All information is for study purposes only. For investment decisions, consult your financial advisor. See Playbook for methodology.