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CIEINDIA - CIE Automotive

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

📢 Recent Corporate Announcements

CIE Automotive India Shareholders Approve ₹7 Dividend and Key Related Party Transactions

🟢 POSITIVE ⭐ 7/10

ROUTINE 📅 30 Apr 2026, 12:04 AM

CIE Automotive India Limited has announced the successful passage of all eight resolutions at its 27th Annual General Meeting held on April 29, 2026. Shareholders approved a dividend of ₹7 per equity share for the financial year ended December 31, 2025. Key approvals were also granted for material related party transactions with Mahindra & Mahindra and the parent company CIE Automotive S.A. Additionally, the re-appointment of Mr. Shriprakash Shukla and a revision in remuneration for Whole-time Director Mr. Manoj Mullassery Menon were confirmed.

Approved a dividend of ₹7 per equity share (70% on face value of ₹10) for FY2025.
Material related party transactions with Mahindra & Mahindra Limited approved with 99.6% institutional support.
Approved remuneration of ₹13.86 lakhs for Cost Auditors for the financial year ending December 2026.
Revision in remuneration for Whole-time Director Manoj Mullassery Menon passed with 99.98% total votes in favour.
Resolution for RPTs between subsidiary CIE Galfor S.A.U. and parent CIE Automotive S.A. passed with 95.4% institutional approval.

💡 Investors can expect the confirmed dividend payout shortly as all resolutions were passed with requisite majorities. The approval of related party transactions ensures business continuity with major clients and the parent group.

CIE India Reports Record Q1 CY26 Revenue of ₹25.4B; Consolidated EBITDA Up 16% YoY

🟢 POSITIVE ⭐ 8/10

EARNINGS 📅 27 Apr 2026, 07:38 PM

CIE Automotive India achieved its highest-ever quarterly consolidated sales and EBITDA in Q1 CY26, with revenue growing 16% YoY to ₹25.4 billion. The India business saw 15% growth, though margins were slightly impacted by higher energy and material costs. European operations showed significant margin recovery to 15.7% following CY25 restructuring, despite a flat market in Euro terms. The company secured new orders worth ₹3.5 billion annually during the quarter, with 11% coming from the EV segment.

Consolidated revenue reached a record ₹25.4 billion, marking a 16% YoY and 9% QoQ increase.
India operations EBITDA margin stood at 17.6%, recovering sequentially from 16.8% in Q4 CY25.
European EBITDA margins improved to 15.7% from 13.9% YoY, driven by successful restructuring activities.
New order wins totaled ₹3.5 billion per annum, with 11% of these orders allocated to the Electric Vehicle (EV) sector.
Consolidated EBT grew 20% YoY to ₹3.3 billion, supported by favorable exchange rates and operational efficiencies.

💡 Investors should view the record performance and European margin recovery as strong indicators of operational resilience. Monitor the ramp-up of new export orders and the impact of geopolitical tensions on input costs in the coming quarters.

CIE Automotive India Releases Q1CY2026 Earnings Call Audio Recording

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 24 Apr 2026, 05:02 PM

CIE Automotive India Limited has made the audio recording of its Q1CY2026 results conference call available to the public. The call, held on April 24, 2026, follows the company's recent quarterly financial results and investor presentation. This disclosure is a standard regulatory requirement under SEBI (Listing Obligations and Disclosure Requirements) Regulations. Investors can access the recording via the company's official website to review management's commentary on performance and outlook.

Audio recording of the Q1CY2026 Results Conference Call is now live on the company website.
The conference call was conducted on April 24, 2026, following the Q1 results announcement.
Compliance filing made under Regulation 30 and 46(2) of SEBI LODR Regulations.
The recording provides access to the full management discussion and analyst Q&A session.

💡 Investors who missed the live call should listen to the recording to understand management's perspective on the automotive industry's demand and margin trends. No immediate trading action is required based solely on this administrative filing.

CIE Automotive India Approves Merger of CIE Aluminium Casting Subsidiary with Itself

🟢 POSITIVE ⭐ 8/10

M&A 📅 23 Apr 2026, 06:22 PM

CIE Automotive India Limited (CIEINDIA) has approved the merger of its wholly-owned subsidiary, CIE Aluminium Casting India Limited (CIEALCAST), with itself. For the financial year ended December 2025, CIEALCAST reported a turnover of ₹11,728 million and a net profit of ₹948 million. As the subsidiary is 100% owned, no new shares will be issued, ensuring no equity dilution for existing shareholders. The merger is designed to consolidate operations, achieve economies of scale, and eliminate inter-company transactions to improve overall profitability.

CIEALCAST reported FY25 turnover of ₹11,728 million and PAT of ₹948 million
CIEINDIA reported FY25 turnover of ₹48,964.02 million and PAT of ₹6,169.27 million
No new shares will be issued as the transferor is a wholly-owned subsidiary
Strategic focus on production synergies and cross-selling across OEM relationships
Merger is subject to NCLT and other regulatory approvals

💡 This is a positive structural consolidation that simplifies the corporate hierarchy and should improve operational margins through synergies. Investors should maintain their positions as the move strengthens the parent company's balance sheet without diluting equity.

CIE Automotive India Q1 PAT Rises 7% YoY to ₹2,337 Million; Board Approves Subsidiary Merger

🟢 POSITIVE ⭐ 8/10

EARNINGS 📅 23 Apr 2026, 06:13 PM

CIE Automotive India reported a steady performance for the quarter ended March 31, 2026, with standalone revenue growing 14.5% YoY to ₹13,319.61 million. Net profit increased by 7% YoY to ₹2,337.25 million, supported by higher operational income and dividend receipts from subsidiaries. The Board also approved the merger of its wholly-owned subsidiary, CIE Aluminium Casting India Limited, to streamline operations. The company maintains a healthy EPS of ₹6.16 for the quarter, up from ₹5.76 in the same period last year.

Standalone Revenue from operations grew 14.5% YoY to ₹13,319.61 million from ₹11,634.45 million.
Net Profit (PAT) increased to ₹2,337.25 million compared to ₹2,185.36 million in the previous year's quarter.
Board approved the merger of CIE Aluminium Casting India Limited, a wholly owned subsidiary, into the company.
Earnings Per Share (EPS) improved to ₹6.16 from ₹5.76 in Q1 2025.
Other income for the quarter included a dividend of ₹810.90 million from subsidiaries.

💡 Investors should take note of the consistent revenue growth and the strategic merger aimed at operational efficiency. The company's steady earnings growth and dividend track record make it a strong candidate for long-term portfolios in the auto-ancillary sector.

CIE Automotive India to Host Q1CY2026 Earnings Call on April 24, 2026

🟡 NEUTRAL ⭐ 4/10

EARNINGS 📅 14 Apr 2026, 04:09 PM

CIE Automotive India Limited has scheduled its earnings conference call for the first quarter of the calendar year 2026 (Q1CY26) on April 24, 2026, at 12:30 PM IST. The company's top management, including CEO Ander Arenaza Alvarez and CFO K. Jayaprakash, will discuss the financial results and provide business updates. Since the company follows a January-December financial year, these results will reflect performance for the period ending March 31, 2026. This routine announcement allows analysts and investors to prepare for the upcoming quarterly performance review.

Q1CY2026 results conference call scheduled for Friday, April 24, 2026, at 12:30 hrs IST.
Senior management including CEO, CFO, and Sr. VP of Strategy will be present for the briefing.
The call is coordinated by ICICI Securities and includes a Diamond Pass registration for participants.
The announcement follows Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

💡 Investors should monitor the financial results released prior to the call to assess revenue growth and margin stability. Key focus areas during the call should be management's outlook on the European automotive market and domestic demand trends.

CIE Automotive India Board Meeting on April 23 to Approve Q4 FY26 Financial Results

🟡 NEUTRAL ⭐ 4/10

BOARD_MEETING 📅 26 Mar 2026, 04:23 PM

CIE Automotive India Limited has scheduled a Board of Directors meeting for April 23, 2026, to consider and approve the un-audited financial results for the quarter ending March 31, 2026. In accordance with SEBI insider trading regulations, the company will close its trading window for designated persons from April 1, 2026, through April 25, 2026. This is a routine regulatory announcement that sets the timeline for the upcoming quarterly earnings release. Investors should expect the financial performance data to be public following the meeting on April 23.

Board meeting scheduled for April 23, 2026, to approve Q4 and year-ending March 31, 2026, results.
Trading window for designated persons closed from April 1, 2026, to April 25, 2026.
The results to be reviewed include both Standalone and Consolidated financial statements.
Notification issued in compliance with Regulation 29 of SEBI (LODR) Regulations, 2015.

💡 No immediate action is required as this is a routine administrative filing. Investors should mark April 23 on their calendars to review the company's quarterly performance and management commentary.

CIE Automotive India Conducts Investor Meetings with Major Institutional Funds

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 19 Mar 2026, 07:25 PM

CIE Automotive India held a series of physical investor meetings on March 19, 2026, in Mumbai, organized by Motilal Oswal. The sessions included prominent institutional investors such as ICICI Prudential MF, HDFC MF, and UTI MF. The primary focus of the discussions was to provide clarifications on the company's Q4 and Full Year CY2025 investor presentation. The company confirmed that no unpublished price sensitive information (UPSI) was disclosed during these interactions.

Physical investor meetings conducted on March 19, 2026, spanning from 9:30 AM to 6:45 PM.
Engagement with top-tier funds including Motilal Oswal AMC, HDFC MF, Canara Robeco, and DSP MF.
Discussions were limited to clarifying data from the previously published CY2025 annual and Q4 results.
Company representation included the Chief Financial Officer and the Sr. Vice President of Strategy & IR.

💡 Investors should review the referenced CY2025 investor presentation for insights into the company's operational performance. No immediate action is required as this is a routine disclosure of institutional engagement.

CIE Automotive India Schedules One-on-One Investor Meeting for March 19, 2026

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 16 Mar 2026, 11:21 AM

CIE Automotive India Limited has announced a scheduled interaction with institutional investors set for March 19, 2026. The meeting is organized by Motilal Oswal and will be conducted in a physical, one-on-one format. This disclosure is a routine regulatory requirement under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Such meetings are standard practice for management to engage with the investment community regarding business operations and strategy.

Investor meeting scheduled for Thursday, March 19, 2026.
Interaction organized by Motilal Oswal Financial Services.
Meeting format is physical and one-on-one with institutional investors.
Disclosure made in compliance with SEBI Regulation 30 and 46(2).

💡 No immediate action is required as this is a routine meeting; however, investors should monitor the company's website for any post-meeting presentations or transcripts.

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.

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.