CIE Automotive India Faces Evaluation Shift Amid Declining Sales and Profitability Concerns
CIE Automotive India has recently experienced a change in its evaluation, influenced by its latest quarterly results, which showed a decline in net sales and operating profit. The company's performance indicators suggest a cautious outlook, reflecting its position within a bearish technical range and underperformance compared to the broader market.
CIE Automotive India, a midcap player in the castings and forgings industry, has recently undergone an adjustment in its evaluation. This revision reflects a shift in the technical landscape, indicating a more cautious outlook based on various performance indicators. The company's recent quarterly results for Q3 FY24-25 revealed a decline in net sales, marking a significant low at Rs 2,109.95 crore, alongside a decrease in operating profit. Over the past five years, CIE Automotive has experienced modest growth in net sales and operating profit, with annual rates of 2.54% and 9.37%, respectively.
In terms of technical metrics, the stock is currently positioned within a bearish range, with indicators such as MACD and Bollinger Bands suggesting a cautious sentiment. Despite a low debt-to-equity ratio of 0.10 times and a return on equity of 12.5%, the stock has underperformed the broader market over the past year, generating negative returns while the BSE 500 index has shown positive movement.
Overall, the adjustment in evaluation reflects a combination of recent financial performance and technical trends that warrant close attention.
Discover the Latest Mojo Score and Financial Trend Performance - SignUp in less than 2 Minutes and get FREE Premium Access.
{{stockdata.stock.price.value}} {{stockdata.stock.price_difference.value}} ({{stockdata.stock.price_percentage.value}}%)
{{stockdata.stock.date.value}} | BSE+NSE Vol: {{stockdata.index_name}} Vol: {{stockdata.stock.bse_nse_vol.value}} ({{stockdata.stock.bse_nse_vol_per.value}}%)
Related Stock Links
- {{stockdata.stock.stock_name.value}} Analysis
- {{stockdata.stock.stock_name.value}} Technicals
- {{stockdata.stock.stock_name.value}} Quality
- {{stockdata.stock.stock_name.value}} Valuation
- {{stockdata.stock.stock_name.value}} Financial Trend
- {{stockdata.stock.stock_name.value}} Return Analysis
- {{stockdata.stock.stock_name.value}} Price Analysis
- {{stockdata.stock.stock_name.value}} Quarterly Result Analysis
- {{stockdata.stock.stock_name.value}} Half-Yearly Result Analysis
- {{stockdata.stock.stock_name.value}} Nine Monthly Result Analysis
- {{stockdata.stock.stock_name.value}} Annual Results
- {{stockdata.stock.stock_name.value}} Balance Sheet
- {{stockdata.stock.stock_name.value}} Profit & Loss
- {{stockdata.stock.stock_name.value}} Cash Flow
- {{stockdata.stock.stock_name.value}} News
- {{stockdata.stock.stock_name.value}} Announcements
- {{stockdata.stock.stock_name.value}} Share Holding
- {{stockdata.stock.stock_name.value}} Peer Comparison
Our weekly and monthly stock recommendations are here
Loading...
Industry
{{sm.old_ind_name }}
Market Cap
{{sm.mcapsizerank }}
Date of Entry
{{sm.date }}
Target Price
{{sm.target_price }}
({{sm.performance_target }}%)
Holding Duration
{{sm.target_duration }}
Last 1 Year Return
{{sm.performance_1y}}%
{{sm.comp_name}} price as on {{sm.todays_date}}
₹{{sm.price_as_on}} ({{sm.performance}}%)
Industry
{{sm.old_ind_name}}
Market Cap
{{sm.mcapsizerank}}
Date of Entry
{{sm.date}}
Entry Price
{{sm.opening_price}}
Last 1 Year Return
{{sm.performance_1y}}%
Related News
Most Read
