CIE Automotive India Ltd has shown a consistent positive trend in YoY Net Profit Growth (%) in the last 3 years from 2013-2014 to 2015-2016.
Balance Sheet
Last Updated: July 11, 2024, 1:10 am
Month
Mar 2013
Mar 2014
Mar 2015
Dec 2015
Dec 2016
Dec 2017
Dec 2018
Dec 2019
Dec 2020
Dec 2021
Dec 2022
Dec 2023
Equity Capital
92
92
323
323
378
378
379
379
379
379
379
379
Reserves
662
564
1,564
1,683
2,888
3,337
3,910
4,255
4,529
4,818
4,719
5,609
Borrowings
684
734
1,549
1,085
1,392
1,197
1,613
1,469
1,648
1,487
985
855
Other Liabilities
509
621
1,515
2,052
2,177
2,587
2,582
2,460
2,808
3,137
3,837
2,909
Total Liabilities
1,947
2,011
4,951
5,143
6,835
7,499
8,484
8,563
9,364
9,821
9,920
9,753
Fixed Assets
1,159
1,211
3,124
3,293
4,517
4,750
4,905
6,044
6,741
6,587
5,547
5,810
CWIP
51
29
126
56
97
60
96
54
12
125
119
54
Investments
41
58
57
67
39
55
681
96
234
438
576
821
Other Assets
695
713
1,643
1,727
2,182
2,634
2,802
2,370
2,376
2,671
3,678
3,068
Total Assets
1,947
2,011
4,951
5,143
6,835
7,499
8,484
8,563
9,364
9,821
9,920
9,753
Reserves and Borrowings Chart
Cash Flow
Month
Mar 2013
Mar 2014
Mar 2015
Dec 2015
Dec 2016
Dec 2017
Dec 2018
Dec 2019
Dec 2020
Dec 2021
Dec 2022
Dec 2023
Cash from Operating Activity
102
211
322
680
304
512
708
1,027
539
1,051
1,118
1,383
Cash from Investing Activity
-102
-88
-184
-225
-831
-303
-1,017
-589
-422
-762
-637
-905
Cash from Financing Activity
19
-116
-294
-494
575
-236
362
-404
-38
-363
-488
-427
Net Cash Flow
19
7
-155
-39
48
-26
53
34
80
-74
-6
51
Free Cash Flow
Month
Dec 2015
Dec 2016
Dec 2017
Dec 2018
Dec 2019
Dec 2020
Dec 2021
Dec 2022
Dec 2023
Mar 2013
Mar 2014
Mar 2015
Free Cash Flow
362.00
530.00
805.00
0.00
967.00
501.00
941.00
-984.00
-854.00
-641.00
-625.00
441.00
Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)
Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.
Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance
Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.
Undervalued: 56.67% compared to the current price 590
Intrinsic Value: 1,444.08
Calculation basis:
Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.
This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators along with EPS growth.
Undervalued: 144.76% compared to the current price 590
Last 5 Year EPS CAGR: 56.23%
*Investments are subject to market risks
Strength and Weakness
Strength
Weakness
The stock has a low average Working Capital Days of -3.75, which is a positive sign.
The stock has a low average Cash Conversion Cycle of -22.00, which is a positive sign.
The company has higher reserves (3,211.50 cr) compared to borrowings (1,224.83 cr), indicating strong financial stability.
The company has shown consistent growth in sales (5.92 cr) and profit (221.77 cr) over the years.
The stock has a low average ROCE of 9.08%, which may not be favorable.
Stock Analysis
Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in CIE Automotive India Ltd:
Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
✓ ROE%: 18.79% (Industry Average ROE: 15.95%)
ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
✓ Stock P/E: 27.7 (Industry average Stock P/E: 43.10)
Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
✓ Total Debt / Equity: 0.13
Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
The current analysis is available for review. It's important to conduct thorough research and consider consulting with financial professionals before making any investment decisions. Stock Rating:★★★★☆
About the Company - Qualitative Analysis
Mahindra CIE Automotive Ltd. is a Public Limited Listed company incorporated on 13/08/1999 and has its registered office in the State of Maharashtra, India. Company’s Corporate Identification Number(CIN) is L27100MH1999PLC121285 and registration number is 121285. Currently Company is involved in the business activities of Forging, pressing, stamping and roll-forming of metal; powder metallurgy. Company’s Total Operating Revenue is Rs. 3290.60 Cr. and Equity Capital is Rs. 379.10 Cr. for the Year ended 31/12/2021.
INDUSTRY
ADDRESS
CONTACT
Forgings
Suite F9D, Grand Hyatt Plaza (Lobby Level), Mumbai Maharashtra 400055
Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.
Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in CIE Automotive India Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE
