Mahindra CIE Automotive - Long Term Growth Intact: Geojit

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..Geojit Research Report.Mahindra CIE Automotive Ltd. is one of the top global forging players with a strong presence in both Europe and India. Currently two-third of the revenue comes from Europe, while the rest is from India.We believe despite demand push back for short term, Mahindra CIE’s key customer’s are outperforming the industry growth. As a result, the current order remain strong for the company. Increased business with existing customers owing to supplier consolidation and shifting the production to India, as primary hub for export is adding value for the company. Q1 CY22 revenue came at 18.2%YoY due to growth coming from both India and Europe business by 15% and 20% respectively. Ebitda margin came at 11.5% YoY (down 170 basis points QoQ) with gross margin largely flat, despite input cost pressure. We firmly believe that the strong cost control initiatives and positive order book will help Mahindra CIE to tide over the crisis..Click on the attachment to read the full report:.DISCLAIMERThis report is authored by an external party. BQ Prime does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BQ Prime..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

Mahindra CIE Automotive - Long Term Growth Intact: Geojit

Mahindra CIE Automotive - Long Term Growth Intact: Geojit

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