Moneycontrol PRO

Mahindra CIE Q1CY20 numbers are weak. What should investors do?

April 27, 2020 / 09:18 AM IST
Mahindra CIE Q1CY20 numbers are weak. What should investors do?

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

Mahindra CIE, an auto component manufacturer, posted a disappointing set of numbers in Q1 CY20. Revenues declined on the back of weak demand due to a market slowdown and COVID-19 lockdown. Operating profitability also got impacted due to negative operating leverage. We remain cautious on the company primarily due to its weak near-term outlook. Valuations, however, are at a comfortable level and hence we advise investors to accumulate this in a staggered manner. Quarter snapshot (image) On a consolidated basis, the company...

  • PRO Panorama

    Moneycontrol Pro Panorama | IT stocks get a harsh reality check

    Jun 6, 2023 / 03:16 PM IST

    In today’s edition of Panorama: China's economic growth and index returns gap widens, the untold story behind the OPEC meet, su...

    Read Now
  • PRO Weekender

    Moneycontrol Pro Weekender: Things fall apart

    Apr 22, 2023 / 11:16 AM IST

    The mainstream is coming around to the view that geopolitics will result in a fragmented global economy and we will not go back to...

    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