Sector Alpha Week of 2026-07-24
Sector Alpha — machine-written from the numbers · Data as of 2026-07-24

CIE Automotive India Ltd

CIEINDIA
Castings, Forgings & Fastners

CIE Automotive India Ltd is coiled. The quarters are improving, yet the P/E sits at the 18th percentile of its own 10-year range — the business is moving before the market.

Biggest watch item: the price is already 20 weeks into its uptrend — timing risk, not thesis risk.

The price is in a confirmed uptrend (20 weeks in) while the P/E sits at the 18th percentile of its own 10-year range. Underneath, the last four quarters read improving — profit +15.7% year on year, and 127% of the last 3 years' profit arrived as cash. What settles it: the next one or two quarters of delivery.

Stage
Mixed
fundamental trajectory, 12 quarters
Price
₹474
+10.4% 1Y
P/E
17.5×
18th pctile
of its own 10-year range
Revenue (Jun 26)
₹2,621 Cr
+10.6% YoY
Profit (Jun 26)
₹236 Cr
+15.7% YoY
Operating margin
15.0%
+1.0 pp YoY
ROCE
15%
FY25
ROIC
12.8%
vs WACC 12.0% → +0.8 pp
Cash conversion
127%
of profit, last 3 FY
01 · Price story

Price story Before the numbers, the tape. A stock price moves through four repeating seasons: a flat base (stage 1), an advance (2), a top (3), a decline (4). Where the price sits in that cycle frames everything below.

CIE Automotive India Ltd trades at ₹474, in a confirmed uptrend and 20 weeks into that stage. That is +5.4% against its own 200-day average. It sits at 84% of a 52-week range of ₹385 to ₹490. On relative strength it has been ahead of the NIFTY 500 on a trailing-13-week view for 1 straight week.

Today the stock is in a confirmed uptrend — week 20 of stage 2, confirmed. At ₹474 it trades +5.4% versus its 200-day average and sits at 84% of its 52-week range (₹385–₹490).

Jul 26: ₹474 Weekly closing price (₹) with 50- and 200-day averages; shaded bands mark the price stage (grey base, green advance, amber top, red decline). 3-year window.
+5.4% versus the 200-day line, week 20 of stage 2
Price50-day avg200-day avg
S2S2S4S2₹631₹563₹494₹426₹357₹474₹450Jul 23Apr 24Feb 25Nov 25Jul 26
S2S2S4S2₹631₹563₹494₹426₹357₹474₹450Jul 23Feb 25Jul 26
Beating or trailing, week by week since 2016 Each cell is one week from 2016 to now (548 weeks): the stock's trailing 13-week return minus the NIFTY 500's, green ahead / red behind (±25% ramp). Grey cells are the 13-week warm-up or weeks where the NIFTY 500 reading is not held.
trailing 13-week return vs the NIFTY 500
Feb 16Jul 26

Against the market, two honest reads. Cumulative: over the last 10.4 years the stock moved +188% while the NIFTY 500 moved +280% — behind the index over the full window. Recent form: on a trailing-13-week view the stock has been ahead for 1 straight week — the ribbon below is that same metric, week by week.

What would end the trend, mechanically: two Friday closes in a row below the 200-day line. That is the exit rule — no debates.

→ The trend is one thing; the bill is another. Are you paying up for it? Next: the P/E sits at the 18th percentile of its own range.

02 · Valuation

Valuation P/E is the price of ₹1 of annual profit: how many rupees the market pays for each rupee the company earns in a year.

CIE Automotive India Ltd trades at 17.5× P/E, near the bottom of its own range — cheaper only 18% of the time. Its long-run median P/E is 23.3×, measured across 10.4 years of weekly readings. This places the multiple against the stock’s own record, and says nothing about what the business is worth.

Today's P/E of 17.5× is near the bottom of its own range — cheaper only 18% of the time, against a long-run median of 23.3× measured over 10.4 years of weekly readings. This is a comparison against the stock's own history — not a claim about what it is worth.

P/E 17.5× vs a 23.3× long-run median P/E, weekly (left axis); earnings per share, trailing twelve months, weekly (right axis). 10.4-year window; loss-period spikes above 70× shown pinned at the top. The eps (ttm) bars are red where the reading is lower than the quarter before.
near the bottom of its own range — cheaper only 18% of the time
P/EMedianEPS (TTM) (quarterly)
74.8×₹25.556.9×₹19.139.1×₹12.821.2×₹6.43.3×₹0.0×17.50×₹24Feb 16Aug 18Sep 21Mar 24Jul 26
74.8×₹25.556.9×₹19.139.1×₹12.821.2×₹6.43.3×₹0.0×17.50×₹24Feb 16Sep 21Jul 26
P/E
17.5×
18th percentile of 10y
PEG
1.32
derived from 3-year earnings growth

Why the multiple sits where it does: over the past year annual EPS moved +0.1% against a +10.4% price move — the price outran earnings, pushing the multiple UP its own range.

The price move, decomposed: over 5y, of the +13.6%/yr price move, ~+23.0%/yr came from earnings growth and ~−9.4 pp from the multiple (compressing); over 10y, of the +10.0%/yr price move, ~+19.6%/yr came from earnings growth and ~−9.6 pp from the multiple (compressing). The split is the honest approximate (price return minus earnings growth); it makes the rally itself visible instead of hiding it behind the percentile.

Put together: the multiple is low against its own past, so the story rests on the earnings line underneath it, not the multiple.

→ Cheap or dear rides on the earnings. Are they actually growing? Next: the fundamental stage — where the business sits in its arc, and how growth has compounded.

03 · Stage: Mixed

Stage: Mixed Every business sits somewhere on a fundamental arc, and this page names the spot before anything else. The last twelve quarters of revenue, profit and EPS growth — plus the return the business earns on its capital — are read as curves: Deteriorating (the curves are falling), Turning around (a trough has just formed and the last few quarters lift off it), Improving (the climb off the trough is sustained), Consistent (steadily positive with healthy returns), Topping out (still high but decelerating from the peak). When the curves genuinely disagree the read is Mixed; too little history is No read. CAGR (compound annual growth rate) is the smooth yearly pace that turns the starting value into the latest one — the fairest way to compare growth across different time spans. Read the columns together: if the 1-year number towers over the 10-year, recent growth is running hotter than the long-run trend. A dash means that window is not held, or the base year was a loss (where a growth rate is not meaningful).

CIE Automotive India Ltd reads as mixed on its fundamental arc. Mixed — no clean majority across the growth curves, ROCE holding at 14.8% — the per-curve reads carry the story. The read is built from 12 quarters across 4 curves, on full evidence.

Three growth curves, twelve quarters Year-on-year growth of trailing-twelve-month revenue (left axis), profit and EPS (right axis — they swing far wider), % at each quarter-end. Base-effect spikes shown pinned (▲). A missing point means that reading is not held for the quarter.
the trajectory the stage is read from
RevenueProfitEPS
18%328%12%226%5.8%125%−0.5%23%−6.7%−78%%%12.5%14.3%14.3%Sep 23Dec 24Jun 26
18%328%12%226%5.8%125%−0.5%23%−6.7%−78%%%12.5%14.3%14.3%Sep 23Dec 24Jun 26
ROCE Trailing-twelve-month operating profit (before interest and tax) as a share of average capital employed — total assets minus current liabilities, the standard textbook basis, %.
the return curve, computed quarterly
ROCE
25%22%19%16%13%%14.8%Sep 23Dec 24Jun 26
25%22%19%16%13%%14.8%Sep 23Dec 24Jun 26
Revenue growth
Recovering
latest +12.5% · span −5.0% to +16.6%
Profit growth
Rising
latest +14.3% · span −50.4% to +954.3%
EPS growth
Flat
latest +14.3% · span −50.4% to +950.2%
ROCE
Stuck low
latest 14.8% · span 14.1%–24.2%

Why it matters: when the curves disagree, the per-curve reads above matter more than any single verdict.

Growth, year by year: revenue +4.9% in FY25, profit +0.0% Year-over-year growth per fiscal year, %: revenue (left axis); net profit and EPS (right axis — profit growth swings far wider). Zero line drawn.
Revenue YoYProfit YoYEPS YoY
38%303%20%186%2.4%68%−15%−49%−33%−167%%%4.9%0%FY15FY20FY25
38%303%20%186%2.4%68%−15%−49%−33%−167%%%4.9%0%FY15FY20FY25
TTM growth by quarter Trailing-twelve-month growth versus the year-ago TTM, per quarter, %: revenue (left axis); profit and EPS (right axis). The acceleration read compares the last 4 quarters (+12.5%) with the last 8 annualized (+4.0%). Spikes shown pinned (▲).
revenue accelerating, profit accelerating
Revenue TTM YoYProfit TTM YoYEPS TTM YoY
18%328%12%226%5.8%125%−0.5%23%−6.7%−78%%%12.5%14.3%Sep 23Dec 24Jun 26
18%328%12%226%5.8%125%−0.5%23%−6.7%−78%%%12.5%14.3%Sep 23Dec 24Jun 26
Compound annual growth rate (%) Compound annual growth rate over each window, %. Revenue, profit and EPS from fiscal-year figures; share price is the price CAGR over the same spans. A dash = that window is not held, or the base was a loss.
1yr3yr5yr10yr
Revenue+4.9%+2.4%+9.2%+5.4%
Profit+0.0%+50.8%
EPS+0.1%+50.7%
Share price+10.4%−4.4%+13.6%+10.0%
Revenue YoY (Jun 26)
+10.6%
latest quarter vs a year ago
Profit YoY (Jun 26)
+15.7%
latest quarter vs a year ago
Revenue 10y
8.9%
long-run compound pace

→ The stage names the trajectory. Next: the revenue line that produces it, quarter by quarter.

04 · 4-Factor Sector Score

4-Factor Sector Score

49.7/100 — rank 12 of 19 in Castings, Forgings & Fastners · 100% evidence confidence

CIE Automotive India Ltd scores 49.7 out of 100 against the 19 companies it is compared with in Castings, Forgings & Fastners, ranking 12. Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.

The four contributions add to the total exactly: 18.2 + 15.9 + 10 + 5.6 = 49.7. This is the SAME number shown on the sector comparison — it is computed once, for the whole peer set, and read here.

What would change it: The read weakens if profit growth turns negative or margin improvement reverses while sector-relative strength deteriorates.

05 · Revenue

Revenue Revenue is the top line: everything the company billed its customers in the period.

CIE Automotive India Ltd reported ₹2,621 Cr of revenue in the Jun 26 quarter, +10.6% year on year. That is the 5th straight quarter of year-on-year growth. Over 10 years it has compounded at 8.9% a year. The last full year, FY25, came in at ₹9,406 Cr. The last four reported quarters add to ₹9,998 Cr.

CIE Automotive India Ltd reported ₹2,621 Cr of revenue in the Jun 26 quarter, +10.6% year on year. That is the 5th straight quarter of year-on-year growth. Over 10 years it has compounded at 8.9% a year. The last full year, FY25, came in at ₹9,406 Cr. The last four reported quarters add to ₹9,998 Cr.

FY25 revenue came in at ₹9,406 Cr (+4.9% on the year), capping 10 years at 8.9% compound. The latest quarter (Jun 26) printed ₹2,621 Cr, +10.6% year on year — the 5th consecutive quarter of year-over-year growth.

FY25 revenue ₹9,406 Cr (+4.9% YoY) Revenue bars, ₹ Cr (left); YoY growth-% line (right). 11-year window. A bar is red when it is lower than the year before.
8.9% a year over 10 years
RevenueYoY growth
10.2k38%7.6k20%5.1k2.4%2.5k−15%0−33%₹ Cr%₹9,4064.9%FY15FY20FY25
10.2k38%7.6k20%5.1k2.4%2.5k−15%0−33%₹ Cr%₹9,4064.9%FY15FY20FY25
Jun 26: ₹2,621 Cr (+10.6% YoY) Quarterly revenue bars, ₹ Cr (left); YoY growth-% line (right). Last 12 quarters. A bar is red when it is lower than the quarter before.
5th straight quarter of growth
Revenue (quarterly)YoY growth
2.8k17%2.1k10%1.4k4.3%708−1.8%0−8.0%₹ Cr%₹2,62110.6%Sep 23Dec 24Jun 26
2.8k17%2.1k10%1.4k4.3%708−1.8%0−8.0%₹ Cr%₹2,62110.6%Sep 23Dec 24Jun 26

Pace check: the last four quarters averaged +12.5% growth against the decade's 8.9% — the current year is running faster than its own long-run rate.

Acceleration check: trailing-twelve-month revenue grew +12.5% over the last 4 quarters against +4.0%/yr over the last 8 — accelerating; TTM profit +14.3% vs −4.5%/yr — accelerating.

→ Revenue grew — did margins hold as it scaled? Next: 15.0% this quarter (+1.0 pp YoY).

06 · Operating margin

Operating margin Operating margin is what is left of every ₹100 of sales after running the business, before interest and tax. It is the cleanest read on pricing power and cost control.

CIE Automotive India Ltd's operating margin is 15.0% in the Jun 26 quarter, +1.0 percentage points against the same quarter a year ago. Across 13 fiscal years the operating margin has ranged 4.0% to 15.0%. The current quarter sits inside that band.

CIE Automotive India Ltd's operating margin is 15.0% in the Jun 26 quarter, +1.0 percentage points against the same quarter a year ago. Across 13 fiscal years the operating margin has ranged 4.0% to 15.0%. The current quarter sits inside that band.

The latest quarter's operating margin is 15.0%, +1.0 pp against the same quarter a year ago. Across 13 fiscal years the operating margin has ranged 4.0%–15.0%.

Why the margin moved: operating margin went +0.6 pp year on year while gross margin went +1.8 pp — the gain came mostly from the gross line: input costs and pricing.

FY25: 14.0% Operating margin by fiscal year, %, line (left); year-on-year change in the margin, in percentage points, line (right). 13-year window.
within a 4.0–15.0% band over 13 years
operating marginYoY change (pp)
16%6.8%13%3.9%9.5%1.0%6.3%−1.9%3.1%−4.8%%%14%−1%Mar 14FY19FY25
16%6.8%13%3.9%9.5%1.0%6.3%−1.9%3.1%−4.8%%%14%−1%Mar 14FY19FY25
Jun 26: 15.0% operating margin (+1.0 pp YoY) Quarterly operating margin, %, line (left); year-on-year change in the margin, in percentage points, line (right). Last 12 quarters. Operating profit as a share of revenue, per quarter.
Operating marginYoY change (pp)
16.2%2.3%15.6%1.2%15.0%0.0%14.4%−1.2%13.8%−2.3%%%15%1%Sep 23Dec 24Jun 26
16.2%2.3%15.6%1.2%15.0%0.0%14.4%−1.2%13.8%−2.3%%%15%1%Sep 23Dec 24Jun 26

→ Margins held — did that reach the bottom line? Next: profit +15.7% in the latest quarter.

07 · Net profit

Net profit Net profit is what survives every cost, interest and tax — the number EPS, dividends and book value all grow from.

CIE Automotive India Ltd earned ₹236 Cr of net profit in the Jun 26 quarter, +15.7% year on year. It is the 4th consecutive quarter of growth. Full-year FY25 profit was ₹828 Cr. The 10-year compound rate is 26.8%. That is 9.0% of the quarter's revenue. The same quarter a year earlier earned ₹204 Cr.

CIE Automotive India Ltd earned ₹236 Cr of net profit in the Jun 26 quarter, +15.7% year on year. It is the 4th consecutive quarter of growth. Full-year FY25 profit was ₹828 Cr. The 10-year compound rate is 26.8%. That is 9.0% of the quarter's revenue. The same quarter a year earlier earned ₹204 Cr.

Jun 26 profit was ₹236 Cr, +15.7% year on year — the 4th consecutive quarter of growth. On the full year, FY25 printed ₹828 Cr (+0.0%), and the 10-year compound rate is 26.8%.

FY25 profit ₹828 Cr (+0.0% YoY) Net profit bars, ₹ Cr (left); YoY growth-% line (right). 11-year window. A bar is red when it is lower than the year before.
26.8% a year over 10 years
Net profitYoY growth
1.2k303%860186%49568%129−49%−237−167%₹ Cr%₹8280%FY15FY20FY25
1.2k303%860186%49568%129−49%−237−167%₹ Cr%₹8280%FY15FY20FY25
Jun 26: ₹236 Cr (+15.7% YoY) Quarterly net profit bars, ₹ Cr (left); YoY growth-% line (right). Last 12 quarters. A bar is red when it is lower than the quarter before.
4th straight quarter of growth
Net profit (quarterly)YoY growth
405133%30484%20336%101−13%0−61%₹ Cr%₹23615.7%Sep 23Dec 24Jun 26
405133%30484%20336%101−13%0−61%₹ Cr%₹23615.7%Sep 23Dec 24Jun 26

Why profit moved: revenue contributed +10.6% and the margin +1.0 pp — the quarter was revenue-led, with the margin roughly flat.

Pace comparison, last four quarters: profit +14.1% vs revenue +12.5%. Profit and revenue are moving roughly in step.

→ Profit rose — but did the cash follow? Next: 127% of the last 3 years' profit arrived as cash.

08 · Cash flow — the router

Cash flow — the router The P&L says what was earned; the cash-flow statement says what actually arrived. Operating cash flow (CFO) against profit is the cleanest lie detector in the accounts.

Over the last 3 fiscal years 127% of CIE Automotive India Ltd's reported profit arrived as operating cash — the cash follows the profit. In FY25 that was ₹1,258 Cr of operating cash against ₹828 Cr of profit. After ₹765 Cr of capital spending, ₹493 Cr was left as free cash.

FY25: operating cash of ₹1,258 Cr against reported profit of ₹828 Cr, leaving free cash of ₹493 Cr after ₹765 Cr of capital spending. Across the last 3 fiscal years the conversion rate is 127% of profit.

Cash-flow readings here are annual — that is the resolution our series carries, so this section moves once a year.

FY25: CFO ₹1,258 Cr vs profit ₹828 Cr Operating cash flow and net profit by fiscal year, ₹ Cr; the line is free cash flow (CFO minus capital spending). 11-year window, annual resolution. FY16 reflects an acquisition year — point shown clipped.
127% of 3-year profit arrived as cash
Operating cashNet profitFree cash
2.1k1.4k72359−605₹ Cr₹1,258₹828₹493FY15FY20FY25
2.1k1.4k72359−605₹ Cr₹1,258₹828₹493FY15FY20FY25
FY25: CFO = 152% of profit (three-year rate 127%) Operating cash as a share of net profit, per fiscal year, % (line). Dashed line = 100% — every unit of profit arriving as cash; outlier years shown pinned.
Conversion100%
316%258%200%142%84%%152%FY15FY20FY25
316%258%200%142%84%%152%FY15FY20FY25

Why conversion sits at 127%: the cash cycle tightened 17 days between FY20 and FY25 — cash that used to wait in the cycle now reaches the bank sooner.

Router verdict: the bigger cash user is investment — capital spending ran 1.7× depreciation over three years, so the next section's job is to check what that build-out is buying.

→ So follow the cash to where it goes. Next: ₹1,675 Cr of building over 3 years.

09 · Where the cash goes

Where the cash goes Working capital is the cash tied up between paying suppliers and getting paid: debtor days (customers owe), inventory days (stock waits), and the cash conversion cycle (the whole loop, in days of sales).

CIE Automotive India Ltd's cash conversion cycle runs −33 days in FY25, down from −16 days in FY20. Capital spending ran ₹1,675 Cr over the last 3 years. At FY25 sales of ₹9,406 Cr each day of that cycle holds about ₹25.8 Cr, so roughly ₹−850 Cr sits inside the business at any moment.

FY25: debtors at 24 days, inventory at 86 days — roughly 2.8 months of stock waiting to sell; that is where the cash sits while it waits — for a full cycle of −33 days, tighter than FY20's −16.

The full loop: cash goes out to suppliers and production on day 0; stock waits 86 days to sell; customers pay about 24 days after that; and suppliers themselves are paid at 143 days — netting out to the −33-day cycle.

In money terms: at FY25 sales of ₹9,406 Cr, each day of the cycle holds about ₹25.8 Cr — so the −33-day loop keeps roughly ₹−850 Cr sitting inside the business at any moment.

FY25: a −33-day cash cycle Debtor days, inventory days, payable days and the cash conversion cycle by fiscal year. 13-year window.
−17 days vs FY20
Cash cycleInventory daysDebtor daysPayable days
32821194−24−141days−33d86d24d143dMar 14FY16FY19FY22FY25
32821194−24−141days−33d86d24d143dMar 14FY19FY25

On the investment side: capital spending of ₹1,675 Cr over the last 3 fiscal years against ₹1,011 Cr of depreciation — the company is building well ahead of wear-and-tear. Capital work-in-progress stands at ₹130 Cr (FY25) — capacity paid for but not yet earning.

FY25: capex ₹765 Cr, work-in-progress ₹130 Cr Capital spending per fiscal year, ₹ Cr (bars); capital work-in-progress, ₹ Cr (line). Quarterly capital-spending history is not held for India — annual is the honest resolution.
a build-out
CapexWork-in-progress
2.5k1.6k749−120−990₹ Cr₹765₹130Mar 15FY17FY20FY22FY25
2.5k1.6k749−120−990₹ Cr₹765₹130Mar 15FY20FY25

The synthesis: the cash is going into capacity, not disappearing into the cycle — the question becomes whether the new capacity earns.

→ Does all this activity actually earn its cost of capital? Next: ROCE is 15% and the ROIC − WACC spread is +0.8 pp.

10 · Return on capital

Return on capital Return on capital employed (ROCE) is the profit the whole business earns on all the money in it — equity and debt together. It is the single best test of whether growth creates value or just size.

CIE Automotive India Ltd earns a ROCE of 15% in FY25. That is up from a trough of 0% in Mar 14. Return on invested capital clears the cost of that capital by +0.8 percentage points, so growth here adds value rather than only size. The wiring behind it is 8.8% net margin on 0.88× asset turns.

FY25 ROCE is 15%, recovered from a Mar 14 trough of 0% — the full ladder below shows the fall and the climb, undoctored.

Why the return is what it is — the wiring (FY25): 8.8% net margin × 0.88× asset turns × 1.44× balance-sheet leverage ≈ 11.2% on equity. Margin does its share; leverage is modest — this is an earned return, not a borrowed one.

The capstone test — ROIC − WACC: 12.8% − 12.0% = a +0.8 pp spread. The 12.0% is a standing assumption for the cost of capital in India, not a per-stock estimate — read the sign and the size of the spread, not the decimals. Positive but thin — value creation with little room for error.

FY25: ROCE 15% Return on capital employed by fiscal year, % (line); ROIC by fiscal year, % (line). 13-year window, dips included. Dashed line = the 12.0% cost of capital used on this page.
the climb back from Mar 14's 0%
ROCEROIC (annual)WACC
19%14%9.0%3.8%−1.4%%15%13.1%Mar 14FY19FY25
19%14%9.0%3.8%−1.4%%15%13.1%Mar 14FY19FY25
Q4 FY25: ROCE 12.6% (TTM) vs WACC 12.0% Trailing-twelve-month ROCE and ROIC, per quarter, %; dashed line = the cost of capital. Last 12 quarters, put on a trailing-twelve-month basis and anchored to the annual figure.
ROCE (TTM)ROIC (TTM)WACC
17%16%14%13%12%%12.6%12.7%Q2 FY23Q3 FY24Q1 FY26
17%16%14%13%12%%12.6%12.7%Q2 FY23Q3 FY24Q1 FY26

→ Returns like these — is the balance sheet borrowing to make them? Next: debt-to-equity is 0.06.

11 · Debt

Debt Debt-to-equity says how much of the business is funded by borrowings. Low is the safe corner; the trend matters as much as the level.

CIE Automotive India Ltd carries total debt of ₹426 Cr against shareholder equity of ₹7,459 Cr as of Mar 26, a debt-to-equity of 0.06 — effectively unlevered. On the annual view that ratio went from 0.29 in FY22 to 0.06 in FY26. The returns elsewhere on this page are therefore earned rather than borrowed.

Mar 26: total debt of ₹426 Cr against shareholder equity of ₹7,459 Cr — a debt-to-equity of 0.06. On the annual view, debt-to-equity went from 0.29 (FY22) to 0.06 (FY26). The returns on this page are earned, not borrowed.

FY26: debt ₹426 Cr at 0.06× equity Total debt by fiscal year, ₹ Cr (bars); debt-to-equity, × (line). 5-year window.
Total debtDebt-to-equity
1.6k0.31×1.2k0.24×8030.17×4010.11×00.04×₹ Cr×₹4260.06×FY22FY24FY26
1.6k0.31×1.2k0.24×8030.17×4010.11×00.04×₹ Cr×₹4260.06×FY22FY24FY26
Mar 26: debt ₹426 Cr, debt-to-equity 0.06 Total debt per quarter, ₹ Cr (bars); debt-to-equity, × (line). Last 12 quarters. India reports the full balance sheet half-yearly, so the intervening quarter carries the prior reading forward.
Total debt (quarterly)Debt-to-equity
9330.16×7000.13×4670.11×2330.08×00.05×₹ Cr×₹4260.06×Jun 23Sep 24Mar 26
9330.16×7000.13×4670.11×2330.08×00.05×₹ Cr×₹4260.06×Jun 23Sep 24Mar 26

→ Who owns this, and are they adding or leaving? Next: Domestic institutions added 1.2 points over 8 quarters.

12 · Ownership

Ownership Who owns the stock, quarter by quarter: promoters (the controlling owners), foreign and domestic institutions, and the public. Steady accumulation by people close to the numbers is a signal; a quiet register is also an answer.

Domestic institutions added 1.2 points of CIE Automotive India Ltd over 8 quarters, the biggest move on the register. That takes domestic institutions to 20.6% of the company. Foreign institutions moved −0.1 points over the same window, to 5.0%. The register is read on the four disclosed classes only; nothing is inferred between filings.

The register over the last two years — Domestic institutions: +1.2 points over 8 quarters to 20.6%; Foreign institutions: −0.1 points over 8 quarters to 5.0%; Promoters: +0.0 points over 8 quarters to 65.7%.

Why the register moved: domestic institutions drove it (+1.2 points) — steady accumulation by institutions reading the same numbers this page reads.

Fiscal-year ends: promoters +0.0 pts from Mar 24 to Mar 26 Shareholding at each fiscal-year end (March quarter), % of the company. 3 year-ends held.
PromotersForeign inst.Domestic inst.Public
71%53%35%17%0.0%%65.7%4.7%21.3%8.2%Mar 24Mar 25Mar 26
71%53%35%17%0.0%%65.7%4.7%21.3%8.2%Mar 24Mar 25Mar 26
Domestic institutions added 1.2 points over 8 quarters Shareholding by holder class, % of the company, quarterly, last 13 quarters.
PromotersForeign inst.Domestic inst.Public
71%53%35%17%−0.8%%65.7%5.0%20.6%8.7%Jun 23Dec 24Jun 26
71%53%35%17%−0.8%%65.7%5.0%20.6%8.7%Jun 23Dec 24Jun 26

→ One last check: does the safety math agree? Next: the balance-sheet safety line.

13 · Safety line

Safety line The Z-score estimates how far a company sits from balance-sheet distress — above roughly 3 is safe, below roughly 1.8 is the danger zone. It was built for manufacturers, so it is not applied to banks and lenders.

CIE Automotive India Ltd: the Z-score is not available for this stock, so we say so rather than invent one. It is a distance-to-distress estimate from the balance sheet, not a forecast of failure. The debt, cash-flow and return sections above carry the balance-sheet evidence this page does hold, and each of them states its own reporting date.

The safety line in one sentence: the Z-score is not available for this stock, so we say so rather than invent one.

Related companies · same sector · Castings, Forgings & Fastners Every company is compared on the shape of its own curves, not static ratios. The Revenue, EPS and ROCE columns each draw that company's last 12 quarters as a mini line of the ACTUAL level (trailing-twelve-month revenue and EPS, and the ROCE itself) — so a line that climbs is a business getting bigger, a line that sinks is one shrinking. The colour tracks the same line: green when it is rising or steadily healthy, amber when it is rolling over from a high (still elevated but turning down), red when it is falling, grey when flat or stuck. Colour and direction always agree — a green line never points down. The ROCE curve is the return on capital (annual readings for peers, so a slightly coarser line than the quarterly one at the top of this page). The Stage column then runs the same 12-quarter trajectory classifier used at the top of the page on each company and names where it sits. What lands a company in each bucket: CONSISTENT — growth stays positive across the window and returns are healthy (ROCE ≥ 15%, or ROE ≥ 12% for lenders); IMPROVING — profit or EPS fell into real decline, bottomed a few quarters back, and has climbed back to positive and held there; TURNING AROUND — the same kind of trough but more recent, with the latest quarters just lifting off it (an early, unconfirmed turn); TOPPING OUT — growth is still positive but decelerating hard from its own peak while returns have stopped rising; DETERIORATING — two or more growth curves are shrinking (latest below zero) and staying there, not one soft quarter; MIXED — the curves genuinely disagree, or no clean majority, so no single word fits; NO READ — fewer than eight usable quarters. It is a like-for-like read of every company against its own past, not a ranking against the group.
CompanyP/EMkt capRevenueEPSROCEStage
CIE Automotive India Ltd this page17.5×₹15,696 CrTurning around
Bharat Forge Ltd91.1×₹1L CrMixed
Sona BLW Precision Forgings Ltd61.5×₹44,707 CrMixed
Happy Forgings Ltd51.0×₹15,247 CrConsistent
Ramkrishna Forgings Ltd92.0×₹10,579 CrDeteriorating
Kennametal India Ltd52.2×₹6,116 CrDeteriorating
Balu Forge Industries Ltd20.3×₹5,264 CrMixed
Uniparts India Ltd19.3×₹3,113 CrMixed
Steelcast Ltd35.9×₹3,103 CrTopping out
Sundaram Clayton Ltd₹3,005 CrNo read
M M Forgings Ltd27.2×₹2,664 CrDeteriorating
Amic Forging Ltd70.5×₹1,992 CrNo read
Amic Forging Ltd58.9×₹1,485 Cr
Gala Precision Engineering Ltd40.4×₹1,469 CrTurning around
Nelcast Ltd24.1×₹1,170 CrTurning around
Alicon Castalloy Ltd26.6×₹1,044 CrMixed
Tirupati Forge Ltd151.0×₹951 CrTurning around
Uni Abex Alloy Products Ltd19.8×₹932 CrNo read
Synergy Green Industries Ltd186.0×₹927 CrMixed
Sterling Tools Ltd36.7×₹882 CrMixed
Uni Abex Alloy Products Ltd16.7×₹581 CrTurning around
12 · Frequently asked questions

Frequently asked questions

What is CIE Automotive India Ltd's share price today?

CIE Automotive India Ltd trades at ₹474, +10.4% over the past year. The company is valued at ₹15,696 Cr. The stock sits at 84% of its 52-week range of ₹385–₹490, +5.4% versus its 200-day average. On the tape, the price is in a confirmed uptrend, 20 weeks in. — as of 24 July 2026.

What were CIE Automotive India Ltd's latest quarterly results?

CIE Automotive India Ltd reported revenue of ₹2,621 Cr and net profit of ₹236 Cr for the Jun 26 quarter. Revenue rose 10.6% and profit rose 15.7% year on year. Earnings per share were ₹6.21. The operating margin was 15.0%, 1.0 pp higher than a year earlier. — as of 24 July 2026.

What is CIE Automotive India Ltd's revenue?

CIE Automotive India Ltd reported revenue of ₹2,621 Cr in the Jun 26 quarter, +10.6% year on year. For the full FY25 fiscal year, revenue was ₹9,406 Cr (+4.9%). Over the last 10 years revenue compounded at 8.9% a year. — as of 24 July 2026.

What is CIE Automotive India Ltd's profit?

CIE Automotive India Ltd earned ₹236 Cr of net profit in the Jun 26 quarter, +15.7% year on year — the 4th straight quarter of growth. Full-year FY25 profit was ₹828 Cr. The operating margin ran 15.0% in the latest quarter. — as of 24 July 2026.

What is CIE Automotive India Ltd's market cap?

CIE Automotive India Ltd's market capitalisation is ₹15,696 Cr at a share price of ₹474. Market cap is the share price multiplied by shares outstanding, so it is restated whenever the price moves. — as of 24 July 2026.

What is CIE Automotive India Ltd's P/E ratio?

CIE Automotive India Ltd trades at a P/E of 17.5×, at the 18th percentile of its own 10-year range, against a long-run median of 23.3×. This is a comparison with the stock's own history, not a value call — as of 24 July 2026.

Does CIE Automotive India Ltd pay a dividend?

Yes — CIE Automotive India Ltd's dividend payout was 32% of profit in FY25, and it recorded a payout in 4 of its last 13 reported fiscal years. One of those years shows a negative ratio because profit itself was negative. — as of 24 July 2026.

Is CIE Automotive India Ltd overvalued?

On its own history, CIE Automotive India Ltd looks cheap against its own history: its P/E of 17.5× has been cheaper only 18% of the time in 10 years (long-run median 23.3×). That is a percentile read against the stock's own past, not a price opinion or a direction call. — as of 24 July 2026.

Is CIE Automotive India Ltd growing?

Yes — CIE Automotive India Ltd is growing: latest-quarter revenue +10.6% year on year, profit +15.7%, and the margin +1.0 pp at 15.0%. The 10-year compound rates are 8.9% (revenue) and 26.8% (profit). The earnings engine currently reads: improving — as of 24 July 2026.

How is CIE Automotive India Ltd performing?

CIE Automotive India Ltd is in a confirmed uptrend, 20 weeks in. Its latest quarter's revenue rose 10.6% and profit rose 15.7% year on year. Against the NIFTY 500 it has been ahead on a trailing-13-week view for 1 week. This describes what the data did, not a rating. — as of 24 July 2026.

What stage is CIE Automotive India Ltd in?

Mixed — no clean majority across the growth curves, ROCE holding at 14.8% — the per-curve reads carry the story. The read comes from the last 12 quarters of growth (revenue growth +12.5% latest, profit growth +14.3% latest, eps growth +14.3% latest) plus the ROCE curve, classified by deterministic rules — a trajectory read, not a buy or sell call — as of 24 July 2026.

Is CIE Automotive India Ltd in an uptrend?

Yes — the price is in a confirmed uptrend (week 20 of stage 2), trading +5.4% versus its 200-day average and at 84% of its 52-week range. Price stages cycle base → advance → top → decline, and the stage names where this stock sits in that cycle — as of 24 July 2026.

Is CIE Automotive India Ltd beating the market?

On recent form, yes — CIE Automotive India Ltd has been ahead of the NIFTY 500 on a trailing-13-week view for 1 straight week, the same metric the week-by-week ribbon on this page draws. Separately, on the cumulative view: over the last 10.4 years the stock moved +188% against the NIFTY 500's +280% — behind the index over the full window. — as of 24 July 2026.

Will CIE Automotive India Ltd's share price go up?

This page publishes no price forecast for CIE Automotive India Ltd. What it measures instead: the share price is ₹474, the price is in a confirmed uptrend 20 weeks in. Its P/E of 17.5× sits at the 18th percentile of its own 10-year range. — as of 24 July 2026.

Who owns CIE Automotive India Ltd?

Promoters hold 65.7% of CIE Automotive India Ltd, foreign institutions 5.0%, domestic institutions 20.6% and the public 8.7% (latest quarter). The biggest move on the register over the last two years: Domestic institutions added 1.2 points over 8 quarters. — as of 24 July 2026.

Does CIE Automotive India Ltd have too much debt?

No — CIE Automotive India Ltd's debt-to-equity is 0.06, and operating profit covers the interest bill 50×. FY25 borrowings were ₹426 Cr against equity of ₹7,459 Cr. The returns on this page are earned, not borrowed — as of 24 July 2026.

What is CIE Automotive India Ltd's capex?

CIE Automotive India Ltd spent ₹1,675 Cr on capital expenditure over the last 3 fiscal years, a figure derived from the change in fixed assets plus depreciation. In FY25 alone that was ₹765 Cr, with ₹130 Cr in capital work-in-progress — capacity paid for but not yet earning. — as of 24 July 2026.

What is CIE Automotive India Ltd's cash flow?

CIE Automotive India Ltd generated ₹1,258 Cr of operating cash flow in FY25 and ₹493 Cr of free cash flow after ₹765 Cr of capital spending. Reported profit that year was ₹828 Cr, so operating cash ran ahead of profit. Cash-flow resolution for India is annual. — as of 24 July 2026.

Is CIE Automotive India Ltd's profit real cash?

Yes — over the last 3 fiscal years, 127% of CIE Automotive India Ltd's reported profit arrived as operating cash. In FY25, operating cash was ₹1,258 Cr against reported profit of ₹828 Cr. The cash then goes mostly into building capacity. Cash-flow resolution is annual — as of 24 July 2026.

Where is CIE Automotive India Ltd in its business cycle?

CIE Automotive India Ltd's FY25 operating margin was 14.0%, against a 13-year band of 4.0%–15.0%: mid-band by its own history — neither the peak that precedes mean-reversion nor the trough that precedes recovery. The latest quarter ran 15.0%. Profitability versus a company's own long band is the cleanest cycle clock this page holds — as of 24 July 2026.

What could break the CIE Automotive India Ltd story?

Biggest watch item: the price is already 20 weeks into its uptrend — timing risk, not thesis risk. Mechanically, two Friday closes in a row below the 200-day average would end the price trend — that is the exit rule this page tracks — as of 24 July 2026.

Is CIE Automotive India Ltd a stock worth studying right now?

This is not investment advice. The machine read: CIE Automotive India Ltd is coiled. The quarters are improving, yet the P/E sits at the 18th percentile of its own 10-year range — the business is moving before the market. The sharpest open question: the next one or two quarters of delivery. Every number on this page is drawn deterministically from the raw series, with no forecasts and no price opinions — as of 24 July 2026.

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