Moneycontrol PRO

Mahindra CIE: A decent show in Q3 CY21, valuation attractive

Demand in both India and Europe continues to be strong and the performance of Mahindra CIE is set to improve, with the likely easing of chip shortage. Further, the EV space provides huge opportunities. The company can beat industry growth

October 18, 2021 / 10:20 AM IST
Mahindra CIE: A decent show in Q3 CY21, valuation attractive

Mahindra CIE Automotive | Company reported profit at Rs 60.7 crore in Q3CY20 against Rs 61.17 crore YoY, revenue fell to Rs 1,694.3 crore from Rs 1,868.5 crore YoY. (Image: mahindracie.com)

PRO Only Highlights
Quarterly performance largely backed by improved realisations
Medium-term triggers China plus and protectionist measures for tyre industry
Valuations not inexpensive; but improved medium-term outlook

Riding on the strong demand recovery in both domestic and international markets, Mahindra CIE (CMP: Rs 251, MCap: Rs 9,500 crore), an auto component manufacturer, posted decent set of numbers for Q3 CY21. India business outperformed on the recovery in demand, post the second wave of COVID. Europe business, however, struggled on semiconductor shortage. Demand in both India and Europe continues to be strong and the performance of the company is set to improve, with the easing of chip shortage....

  • PRO Panorama

    Moneycontrol Pro Panorama | Fed may press harder taper pedal; a worry for markets?

    Dec 1, 2021 / 05:08 PM IST

    In today’s edition of Moneycontrol Pro Panorama: Macros paint a happy picture, Tega Industries IPO, Lodha’s trump card, what keeps FMCG stocks on their toes, Pfizer vaccine’s untold story and more

    Read Now
  • PRO Weekender

    Moneycontrol Pro Weekender | The Harder They Fall 

    Nov 27, 2021 / 10:05 AM IST

    It’s early days yet, but stock investors are selling first and asking questions later

    Read Now

To read the full story, Subscribe to Moneycontrol PRO

Access the exclusive stories, weekly investment ideas and daily technical calls in an Ad free experience

Already a member? Sign in

Limited Period offer on Moneycontrol PRO. Subscribe to PRO and get up to

50% OFF

What Do You Get

  • Ad free experience

    Experience a non-intrusive navigation and faster response in the ad free mode

  • Sharpest Opinions

    Access to 230+ exclusive stories per month from our editorial and Experts

  • +

    Have a Global edge with access to content from world renowned experts and journalist

  • Actionable Insights

    Access to 40+ weekly investment ideas including 4 daily technical calls

  • Virtual Events

    Exclusive access to live webinars from market experts on trading and investment strategies

  • Newsletters

    Daily and weekly insights bundled and sent to your inbox to keep you ahead in the race.

Get upto 50% discount on limited period offers