Mahindra CIE
Founded Year
1999Stage
IPO | IPODate of IPO
8/30/2007About Mahindra CIE
Mahindra CIE (BSE: 532756) is a diversified multi-technology company. It produces ductile iron castings including turbocharger housings, differential housings, and exhaust manifolds. The company was founded in 1999 and is based in Mumbai, India.
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Latest Mahindra CIE News
Mar 22, 2023
Mahindra CIE has been diversifying business in terms of processes, user segments and customers on a continuous basis. 22 Mar 2023, 10:07 AM IST 22 Mar 2023, 10:07 AM IST WhatsApp ADVERTISEMENT BQ Prime’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BQ Prime’s subscribers an opportunity to expand their understanding of companies, sectors and the economy. BQ Prime’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BQ Prime’s subscribers an opportunity to expand their understanding of companies, sectors and the economy. ICICI Securities Report We recently interacted with the management of Mahindra CIE Automotive Ltd. and following are the key takeaways from the meeting: Mahindra CIE is prepared to deliver 800 basis points higher than original equipment manufacturer industry growth in the longer run through mix of portfolio diversification and wallet share gains; set to cater electric vehicles in India and Europe through steel and aluminum casting/forging other than stamping and gears; confident of ~17-18% and ~16-17% India and Europe Ebitdam in CY23-24, driven by productivity improvement in India and stabilising power cost in Europe; Europe EV risk to get mitigated by expansion in aluminum forging capability in coming years and thus, Mahindra CIE is looking forward to deliver ~5% revenue compound annual growth rate in Europe; to keep capex/sales ratio ~6% in coming years and use free cash flow proceeds to pare off debt and fund inorganic growth needs, especially in areas like plastic parts and EV parts; Europe truck forging sale deal is likely to get executed within the next couple of quarters and may help Mahindra CIE reduce debt further. Click on the attachment to read the full report: ICICI Securities Mahindra CIE Company Update.pdf View Document
Mahindra CIE Frequently Asked Questions (FAQ)
When was Mahindra CIE founded?
Mahindra CIE was founded in 1999.
Where is Mahindra CIE's headquarters?
Mahindra CIE's headquarters is located at Mahindra Towers, 1st Floor, Mumbai.
What is Mahindra CIE's latest funding round?
Mahindra CIE's latest funding round is IPO.
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