Mahindra CIE - Market Share Gains & Profitability to Drive Growth
We initiate coverage on Mahindra CIE Automotive (MCIE) with a BUY recommendation and price target of Rs 475/share, implying an upside of 27% from...
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Mahindra CIE (MCI) - Steady Performance, Healthy Demand Outlook…
Mahindra CIE (MCI), part of the Spain-based CIE Automotive Group, is a multi-technology, multi-product automotive component supplier.
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Mahindra CIE Automotive - Strong India Operations Outweighing Weak EU
In the EU, Metalcastello is fully booked and management expects it to deliver ~EUR80mn revenue in FY23 while the two CIE plants are expected to...
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Mahindra CIE - All-Round Beat, Expect Improvement to Continue
MACA’s 1QCY22 performance was an all-round beat, led by strong revenue and profitability in the EU and robust margin in India
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Margins impacted by RM Cost and operating deleverage
New order wins in EVs/hybrids; Focus on energy cost pass on to customers MACA's weak performance in 4QCY21 was reflection of high RM/energy...
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