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CIEINDIA - CIE Automotive

📊 NSE: CIEINDIA 🏢 Castings & Forgings 📅 Last Updated: 12/13/2025 21:04

📢 Recent Corporate Announcements

CIE Automotive India Concludes Investor Meeting on CY2025 Performance

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 10 Mar 2026, 07:06 PM

CIE Automotive India Limited conducted an investor meeting on March 10, 2026, through the Bharat Connect Online platform. The session, organized by Arihant Capital, served as a platform for management to address queries regarding the Q4 and Full Year CY2025 results. Senior management, including the VP of Strategy, represented the company to provide clarifications on existing public disclosures. The company has officially released the recording of this session to ensure transparency for all shareholders.

Interaction focused on clarifications regarding the Q4 and Full Year CY2025 Investor Presentation
Meeting organized by Arihant Capital featured participation from senior leadership including Vikas Sinha
Management explicitly stated that no Unpublished Price Sensitive Information (UPSI) was discussed
The recording of the one-hour session held on March 10, 2026, is now available on the company website

💡 Investors should review the recording on the company's website for qualitative insights into management's outlook. No immediate portfolio changes are suggested as no new material information was disclosed.

CIE Automotive India Concludes Investor Meetings with Major Institutional Funds

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 26 Feb 2026, 06:58 PM

CIE Automotive India Limited held a series of investor meetings on February 26, 2026, organized by Kotak Securities in Mumbai. The meetings involved high-profile institutional investors including Blackrock, PPFAS MF, and Kotak Asset Management. Discussions focused on the company's performance for the Q4 and full year CY2025 as per the previously released investor presentation. The company confirmed that no unpublished price sensitive information was disclosed during these interactions.

Investor meetings held on February 26, 2026, from 10 am to 4 pm in Mumbai.
Participation from over 10 major institutional investors including Blackrock, Citadel, and Tata Investment.
Discussions centered on the Q4 and Full Year CY2025 performance data.
The company confirmed that no Unpublished Price Sensitive Information (UPSI) was shared during the meet.

💡 Investors should review the Q4 CY2025 investor presentation for detailed financial performance. The high level of institutional interest suggests ongoing market focus on the company's strategic direction.

CIE India CY25 Revenue Grows 6% to ₹91.2B; Recommends ₹7 Dividend per Share

🟡 NEUTRAL ⭐ 8/10

EARNINGS 📅 23 Feb 2026, 07:08 PM

CIE Automotive India reported a consolidated revenue of ₹91.2 billion for CY2025, a 6% year-on-year growth, with India operations showing strong momentum at 12% growth in Q4. While consolidated PAT remained flat at ₹8.3 billion due to one-off restructuring costs in Europe and labor code impacts in India, the company maintains a robust cash position with negative net debt of ₹18.8 billion. The board has recommended a dividend of ₹7 per share, maintaining the payout from the previous year. Management remains optimistic about the Indian market following GST reductions and is actively evaluating inorganic growth opportunities.

India Q4 sales reached a record ₹15.4 billion, growing 12% YoY, driven by a recovery in new orders.
Consolidated CY25 EBITDA margin stood at 16%, impacted by ₹132 million in gratuity costs and European restructuring.
Net financial debt improved significantly to negative ₹18.8 billion, providing a massive cushion for M&A.
European operations faced headwinds with a 6% decline in Euro-term sales, though adjusted margins remained near 15%.
The company is pivoting towards EV components in India, including aluminum housings and upgraded gear technologies.

💡 Investors should maintain positions as the company is exceptionally well-capitalized with ₹18.8 billion in net cash, positioning it for potential acquisitions. The steady 12% growth in the Indian segment in Q4 suggests a positive trajectory for the coming year despite European headwinds.

CIE Automotive India Releases Q4 & Full Year CY2025 Earnings Call Audio Recording

🟡 NEUTRAL ⭐ 4/10

EARNINGS 📅 20 Feb 2026, 05:39 PM

CIE Automotive India has officially released the audio recording of its conference call for the fourth quarter and full year ending December 31, 2025 (CY2025). The call was held on February 20, 2026, following the company's financial results announcement and investor presentation. This disclosure provides investors with access to management's detailed commentary on the company's annual performance and future outlook. The recording is available on the company's website as per SEBI regulatory requirements.

Audio recording for Q4 and Full Year CY2025 results conference call is now publicly available.
The conference call was conducted on February 20, 2026, following the results declaration.
The recording link is hosted on the official CIE India investor relations portal.
This follows the submission of the detailed Investor Presentation on February 19, 2026.

💡 Investors should listen to the recording to understand management's perspectives on margin sustainability and growth guidance for the upcoming year. Particular attention should be paid to commentary regarding the European market performance and Indian automotive demand.

CIE Automotive India to Participate in Kotak Investor Conference on February 26, 2026

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 20 Feb 2026, 04:11 PM

CIE Automotive India Limited has announced its participation in an upcoming investor interaction scheduled for February 26, 2026. The meetings are organized by Kotak as part of their institutional investor conference held in Mumbai. The interaction will consist of both one-on-one and group meetings with various institutional investors. This disclosure is a routine regulatory requirement under SEBI Listing Obligations and Disclosure Requirements.

Investor meetings scheduled for Thursday, February 26, 2026
Event organized by Kotak as part of their flagship investor conference
Meetings will take place in Mumbai in one-on-one and group formats
Advance intimation provided in compliance with Regulation 30 of SEBI LODR

💡 Investors should watch for any investor presentations or meeting transcripts released post-event for updates on the company's growth outlook. No immediate action is required as this is a routine schedule announcement.

CIE Automotive India Appoints Protiviti India as Internal Auditor for CY2026

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 19 Feb 2026, 08:51 PM

CIE Automotive India Limited has officially appointed M/S Protiviti India Member Private Limited as its Internal Auditor for the financial year ending December 31, 2026. The appointment was approved by the Board of Directors in a meeting held on February 19, 2026, in compliance with Section 138 of the Companies Act, 2013. Protiviti is a global consulting firm with a network of over 90 offices across 25 countries, specializing in risk and internal audit. This move is part of the company's regular corporate governance and internal control procedures.

Appointment of M/S Protiviti India Member Private Limited as the new Internal Auditor.
The term of appointment covers the financial year ending December 31, 2026 (CY2026).
Protiviti is a global firm with expertise in finance, technology, and risk across 25+ countries.
The appointment was approved by the Board of Directors on February 19, 2026.

💡 No action is required from investors as this is a routine regulatory appointment. It reflects standard corporate governance practices to ensure internal audit compliance.

CIE Automotive India Recommends Rs 7 Final Dividend; Sets April 22 as Record Date

🟢 POSITIVE ⭐ 7/10

DIVIDEND 📅 19 Feb 2026, 08:21 PM

CIE Automotive India's board has recommended a final dividend of Rs 7 per equity share for the financial year ended December 31, 2025. The company has fixed April 22, 2026, as the record date to determine shareholder eligibility for this payout. The dividend is subject to approval at the 27th Annual General Meeting scheduled for April 29, 2026. Once approved, the payment will be processed within 30 days of the AGM date.

Recommended final dividend of Rs 7 per equity share with a face value of Rs 10 each
Record date for dividend eligibility is fixed as Wednesday, April 22, 2026
27th Annual General Meeting (AGM) to be held on April 29, 2026, via video conferencing
Dividend payment to be completed within 30 days from the date of shareholder approval at the AGM

💡 Investors interested in the dividend should ensure they hold the stock before the ex-dividend date, which typically precedes the April 22 record date. This payout reflects the company's commitment to returning capital to shareholders following the 2025 financial year.

CIE Automotive India Recommends Final Dividend of Rs 7 Per Share for FY2025

🟢 POSITIVE ⭐ 7/10

DIVIDEND 📅 19 Feb 2026, 08:13 PM

CIE Automotive India's Board has recommended a final dividend of Rs 7 per equity share for the financial year ending December 31, 2025. This recommendation is subject to shareholder approval at the upcoming 27th Annual General Meeting scheduled for April 29, 2026. The company has fixed April 22, 2026, as the record date to determine eligible shareholders. The dividend payout represents a 70% return on the face value of Rs 10 per share.

Recommended final dividend of Rs 7 per equity share for the financial year ended December 31, 2025
Dividend is based on a face value of Rs 10 per equity share, representing a 70% payout
Record date for determining shareholder eligibility is set for Wednesday, April 22, 2026
The 27th Annual General Meeting (AGM) is scheduled for April 29, 2026
Dividend payment will be processed within 30 days from the date of the AGM approval

💡 Investors interested in the dividend should ensure they hold the stock before the record date of April 22, 2026. The payout reflects the company's stable financial position and commitment to shareholder returns.

CIE Automotive India Q4 Standalone PAT Rises 15% YoY to ₹1,336 Million

🟢 POSITIVE ⭐ 8/10

EARNINGS 📅 19 Feb 2026, 07:43 PM

CIE Automotive India reported a solid performance for the financial year ended December 31, 2025, with standalone annual revenue growing 7.3% to ₹48,964 million. The quarterly performance was particularly strong, with Q4 revenue up 13.9% YoY and Profit After Tax (PAT) increasing 15% to ₹1,336 million. Annual PAT reached ₹6,169 million, reflecting a 5.7% growth compared to the previous year. The company maintains a healthy balance sheet with total equity increasing to ₹56,878 million.

Standalone Q4 revenue grew 13.9% YoY to ₹12,743 million compared to ₹11,189 million in the previous year.
Full-year standalone PAT increased to ₹6,169 million from ₹5,834 million in 2024.
Annual Earnings Per Share (EPS) improved to ₹16.26 from ₹15.38 in the prior year.
Total standalone assets grew to ₹69,727 million as of December 31, 2025, up from ₹65,665 million.
The statutory auditors issued an unmodified opinion on the financial results for the year ended December 2025.

💡 The steady growth in both top-line and bottom-line suggests operational resilience in the automotive component sector. Investors should maintain a positive outlook while monitoring the consolidated results for insights into the company's international business performance.

CIE Automotive India Schedules Q4 & Full Year CY25 Earnings Call for February 20, 2026

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 11 Feb 2026, 11:24 AM

CIE Automotive India Limited has announced its conference call to discuss the financial results for the fourth quarter and the full calendar year 2025. The call is scheduled for Friday, February 20, 2026, at 12:00 PM IST. Key management personnel, including the CEO and CFO, will be present to discuss performance and strategy. This is a standard regulatory filing ahead of the annual earnings release.

Earnings conference call scheduled for February 20, 2026, at 12:00 hrs IST.
The call will cover financial performance for Q4 and the full year ending December 31, 2025 (CY25).
Senior management including CEO Ander Arenaza Alvarez and CFO K. Jayaprakash will lead the briefing.
Diamond Pass registration link provided for institutional investors and analysts.

💡 Investors should mark the date to listen for management's commentary on margin trends and the outlook for the automotive sector in 2026. No immediate action is required until the actual financial results are disclosed.

CIE Automotive India Completes 29% Stake Acquisition in AMPIN Energy Solar SPV

🟢 POSITIVE ⭐ 4/10

M&A 📅 19 Jan 2026, 08:40 PM

CIE Automotive India's subsidiary, CIEALCAST, has completed its strategic investment in AMPIN Energy C&I Thirty One Private Limited. The final tranche involved an investment of INR 87.5 lakhs for 8,75,000 equity shares, bringing the total holding to 29% on a fully diluted basis. This acquisition enables the company to qualify as a captive consumer for a 5 MWp solar power plant. The move is specifically designed to optimize power costs at the company's manufacturing facility in Ch. Sambhaji Nagar, Maharashtra.

Acquired 29% stake on a fully diluted basis in AMPIN Energy C&I Thirty One Private Limited.
Final tranche investment of INR 87.5 lakhs completed at a par value of INR 10 per share.
Target entity will develop and operate a captive solar plant with 5 MWp (3.3 MWac) capacity.
Strategic objective is to reduce operational expenses through optimized power costs.
The target entity is now an associate company of CIE Automotive's wholly-owned subsidiary.

💡 This is a minor but positive operational development aimed at long-term cost reduction and ESG compliance. No immediate action is required as the investment size is small relative to the company's overall market capitalization.

CIE Automotive India Completes 29% Stake Acquisition in AMPIN Energy C&I Thirty One

🟢 POSITIVE ⭐ 6/10

M&A 📅 19 Jan 2026, 08:34 PM

CIE Automotive India's subsidiary, CIEALCAST, has completed its investment in AMPIN Energy C&I Thirty One Private Limited by acquiring the second and final tranche of shares. The company invested Rs. 87.50 lakhs in this tranche, bringing its total holding to 29% on a fully diluted basis. This strategic move allows CIEALCAST to qualify as a captive consumer for a 5 MWp solar power plant. The primary objective is to optimize power costs at the company's manufacturing facility in Ch. Sambhaji Nagar, Maharashtra.

Allotted 8,75,000 equity shares at Rs. 10 each in the final tranche for Rs. 87.50 lakhs
Total shareholding reached 40% of paid-up capital and 29% on a fully diluted basis
Investment enables access to a 5 MWp (3.3 MWac) captive solar power plant
Aims to reduce operational expenses by optimizing power costs at the Maharashtra factory
The target entity is a Special Purpose Vehicle (SPV) focused on renewable energy projects

💡 Investors should view this as a positive operational efficiency move that will help lower energy costs and improve long-term margins. While the investment amount is small, it demonstrates the company's commitment to cost optimization and sustainable energy sourcing.

CIE Automotive India Submits SEBI Regulation 74(5) Compliance Certificate for Q3 FY26

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 05 Jan 2026, 06:28 PM

CIE Automotive India Limited has filed its quarterly compliance certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018. The certificate, provided by KFin Technologies Limited, covers the period from October 1, 2025, to December 31, 2025. It confirms that all dematerialization requests were processed and security certificates were mutilated and cancelled within the mandated 15-day timeframe. This is a standard administrative filing ensuring the integrity of the company's shareholding records.

Compliance certificate covers the quarter ending December 31, 2025.
KFin Technologies confirmed processing of demat requests within 15 days of receipt.
Physical security certificates were mutilated and cancelled after due verification.
Depositories have been substituted in the register of members as the registered owners for approved requests.

💡 No action is required from investors as this is a routine regulatory filing confirming standard administrative compliance.

CIE Automotive India to Close Trading Window from January 1, 2026

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 29 Dec 2025, 04:28 PM

CIE Automotive India Limited has announced the closure of its trading window for all designated persons and their immediate relatives starting January 1, 2026. This action is taken in compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015, ahead of the company's annual financial results. The closure pertains to the Audited Financial Results (Standalone and Consolidated) for the financial year ending December 31, 2025. The trading window will remain closed until 48 hours after the results are officially declared to the stock exchanges.

Trading window closure effective from January 1, 2026
Closure relates to Audited Financial Results for the year ending December 31, 2025
Applies to all designated persons and their immediate relatives
Window to reopen 48 hours after the official declaration of financial results

💡 This is a routine regulatory filing with no direct impact on stock fundamentals. Investors should watch for the upcoming announcement of the full-year 2025 financial results.

CIE Automotive invests ₹87.5 lacs in AMPIN Energy, acquires 39.91% stake

🟡 NEUTRAL ⭐ 6/10

M&A 📅 02 Dec 2025, 07:14 PM

CIE Automotive India's subsidiary, CIEALCAST, has invested ₹87.5 lacs in AMPIN Energy C&I Thirty One Private Limited, acquiring 8,75,000 equity shares. This constitutes 39.91% of AMPIN Energy Thirty One's paid-up share capital, making it an associate company. The total planned investment is ₹1.75 crore for up to 29% equity on a fully diluted basis. This investment aims to optimize power costs at CIEALCAST's Ch. Sambhaji Nagar factory by qualifying as a captive consumer.

CIEALCAST invests ₹87.5 lacs in AMPIN Energy Thirty One.
Acquires 8,75,000 equity shares of AMPIN Energy Thirty One.
CIEALCAST now holds 39.91% of AMPIN Energy Thirty One's paid-up share capital.
Total planned investment is ₹1.75 crore for up to 29% equity on a fully diluted basis.

💡 Investors should monitor the impact of this investment on CIE Automotive's power costs and overall profitability. Keep an eye on the completion of the second tranche of investment in the next four months.

View All CIEINDIA Announcements on Live Market Tracking →

💰 Financial Performance

Revenue Growth by Segment

In CY2024, the India segment grew by 1.9% YoY to INR 6,059 Cr, while the Europe segment saw a 34.7% decline to INR 2,909.8 Cr, primarily due to the divestment of the German forging business. For 9M CY2025, India sales grew 6% YoY to INR 4,393.5 Cr, while Europe sales dropped 3% to INR 2,400 Cr.

Geographic Revenue Split

As of CY2024, India accounts for 67% of total revenue (INR 6,059 Cr) and Europe accounts for 33% (INR 2,909.8 Cr). This reflects a strategic shift toward the Indian market following the exit from German forging operations which previously contributed ~19% of consolidated revenue.

Profitability Margins

Consolidated Net Profit (PAT) for CY2024 was INR 824.8 Cr, a 26.7% decrease from INR 1,125.6 Cr in CY2023. The PAT margin stood at 9.1% in CY2024 compared to 12.1% in CY2023. Standalone PAT margin for 9M CY2025 was 10.7%.

EBITDA Margin

Consolidated Operating Profit Margin (OPM) improved to 15.8% in CY2024 from 15.6% in CY2023. In India, EBITDA margins rose to 17.9% in CY2024 from 16.7% in CY2023 due to internal efficiency plans. 9M CY2025 consolidated EBITDA margin was 16.3%.

Capital Expenditure

The company maintains a disciplined approach with planned annual capital expenditure of INR 500 Cr to INR 600 Cr. This is funded through healthy annual cash accruals exceeding INR 800 Cr, minimizing reliance on external debt.

Credit Rating & Borrowing

ICRA reaffirmed the long-term rating at [ICRA]AA (Stable) and short-term rating at [ICRA]A1+. Interest coverage ratio improved to 18.4x in CY2024 from 13.5x in CY2023, reflecting reduced debt levels and lower finance costs of INR 77.6 Cr (down 27.7% YoY).

⚙️ Operational Drivers

Raw Materials

Key raw materials include steel, aluminum, and iron. Cost of materials consumed in CY2024 was INR 4,647 Cr, representing 51.8% of total revenue.

Import Sources

Not specifically disclosed in available documents, though the company operates manufacturing bases in India, Germany, Italy, and Spain to source and supply locally.

Capacity Expansion

The company is investing in incremental capacity in India to meet optimistic medium-term demand. Specific focus is on expanding the Hosur Forgings plant and aluminum die-casting verticals to improve margins and output.

Raw Material Costs

Raw material costs as a percentage of revenue stood at 51.8% in CY2024 (INR 4,647 Cr). The company uses a pass-through mechanism with customers to mitigate commodity price volatility, though timing lags can impact short-term margins.

Manufacturing Efficiency

Internal efficiency improvement plans in India helped raise EBITDA margins by 120 basis points YoY in CY2024. The company is also implementing Industry 4.0 and digitization to transform the supply chain.

📈 Strategic Growth

Expected Growth Rate

Growth Strategy

Growth will be driven by a 'judicious mix' of organic and inorganic expansion. Key strategies include focusing on the Indian market (which grew 9% in Q3 CY25), expanding the EV component portfolio in Europe, and optimizing the aluminum die-casting vertical. The company targets M&A to fill strategic gaps in technology and customer portfolios.

Products & Services

Forged parts, stamped body panels, iron castings, aluminum die-cast components, gears, magnetic products, and composite parts for passenger vehicles, commercial vehicles, tractors, and two-wheelers.

Brand Portfolio

CIE Automotive India (formerly Mahindra CIE), Bill Forge, Aurangabad Electricals (AEL).

New Products/Services

Focus on developing EV-specific components and aluminum parts to meet the shifting demand from ICE to electric platforms, particularly in the European market where EVs hold a 15% share.

Market Expansion

India is identified as a priority global market for the parent CIE Group. Expansion is focused on increasing wallet share with existing customers and adding new customers in the Indian 2W and PV segments.

Market Share & Ranking

The company consistently outperforms underlying market growth in key segments, maintaining a strong market position in the Indian forging and casting industry.

Strategic Alliances

The company entered into a Share Subscription and Shareholders Agreement (SSSHA) via its subsidiary CIE Aluminium Casting India Limited in June 2025.

🌍 External Factors

Industry Trends

The industry is shifting toward EVs and lightweighting (aluminum). Europe is seeing a consolidation of the supply chain, while India remains a high-growth market for ICE and hybrid vehicles.

Competitive Landscape

Competes with global and domestic forging/casting players. Competitive advantage is derived from being part of the global CIE Automotive group, allowing for rapid technology transfer.

Competitive Moat

Moat is built on 'CIE's global technological expertise' and established relationships with global OEMs. This is sustainable due to the high capital intensity and technical requirements of forging and casting.

Macro Economic Sensitivity

Highly sensitive to European automotive demand, which saw negative growth in 2024. India operations are sensitive to domestic tractor and two-wheeler cycles.

Consumer Behavior

Shift toward electric vehicles in Europe (15% market share) is forcing a transition in product mix toward EV-compatible components.

Geopolitical Risks

Trade barriers and the threat of Chinese imports in the European market are identified as persistent risks to the competitive landscape.

⚖️ Regulatory & Governance

Industry Regulations

Implementation of the new labour code in India may increase minimum wages, potentially impacting margins. European operations must comply with stringent carbon emission norms affecting the automotive supply chain.