CIE Automotive India Ltd Share Price (CIEINDIA)

CIE Automotive India Q3FY24 Net Profit Increases by 125% - 11 Apr, 2024

CIE Automotive India's Q3FY24 net profit increased by 125% to Rs 169 crore, while revenue decreased slightly from Rs 2,247 crore in Q3FY23 to Rs 2,240 crore.

CIE Automotive India Sales Up 5%, Motilal Oswal Expects Lower Net Profit - 10 Apr, 2024

CIE Automotive India's sales grew by 5% in CY22, with a high priority on sustainability, quality, and innovation. However, Motilal Oswal expects the company's net profit to decline by 14.7% YoY.

CIE Automotive India Ltd to Increase Dividend Yield - 24 Mar, 2024

CIE Automotive India Limited is set to increase its dividend yield to an attractive 1.1% with a dividend payment of ₹5.00 on July 20th. The company has been retaining most of its earnings to grow the business, and earnings per share are forecasted to rise by 45.5% over the next year. While the short payment history raises questions about sustainability, recent trends suggest a payout ratio of 16%, which is comfortable.

Kotak Upgrades CIE Automotive India Ltd with Increased Target Price - 19 Mar, 2024

CIE Automotive India Ltd has been upgraded by Kotak with an increased target price of Rs 465. The company is expected to deliver 13-14% EPS CAGR over the next few years with post-tax RoCE of 14-15% at an attractive FCF yield of 5-6% over CY2024-26E.

CIE Automotive India Receives Positive Rating from Kotak Institutional Equities - 18 Mar, 2024

Kotak Institutional Equities has assigned an Add rating on CIE Automotive India citing attractive valuations and expansion plans. Additionally, the recent correction, steady demand trends in the two-wheeler segment, premiumisation trend, and shift towards EVs also signal positive prospects.