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MAHINDCIE Share Price Target

Mahindra CIE Automotive Ltd.
NSE: MAHINDCIE | BSE: 532756 | ISIN: INE536H01010 | Sector: Engineering

MAHINDCIE Rating

4.9/5 (10 Ratings)
MAHINDCIE Share Price *
139 -2 (-1.42%)
* (quote may be delayed)

8 MAHINDCIE share price target reports by brokerages below. See what is analyst's view on MAHINDCIE share price forecast, rating, estimates, valuation and prediction behind the target. You may use these research report forecasts for long-term to medium term for your investment or trades in 2020.


You can also find MAHINDCIE share price target tomorrow or next week from MAHINDCIE discussion forum.

MAHINDCIE Share Price Forecast - Consensus
No. of reports in last year
8
No. of analysts
4
Average Consensus Forecast
264.00
Consensus Potential
45.65%

MAHINDCIE Share Price Target - Broker Reports - 2019

25-Oct-19
Price @ Call: 149.68
Target: 210
BUY
MHCIE is a second largest forging company in India. It is diversified auto ancillary MNC which is on its way to become one of the largest Auto ancillary entity in India. The company is expected to generate ~Rs16bn operating cash over CY18-20E. We believe, the Company has completed its consolidation phase and likely to enter into a growth phase through organic and inorganic route. At CMP of Rs153, MHCIE stock, is quoting at attractive valuations of PE of 10.9x, EV/EBITDA of 5.8x and P/B of 1.1x based on CY20 estimates. The stock is quoting at almost 50% discount to sectoral valuations which we believe is unjustified. We maintain our BUY rating on the stock with revised target price of Rs210 (PE of 15xCY20E earnings).
... Read more

11-Sep-19
Price @ Call: 160.1
Target: 244
BUY
In spite of muted growth expectation of 8.7% sales CAGR and 6% PAT CAGR over CY18-20, the MHCIE stock, based on CY20 estimates is quoting at attractive valuations of PE of 9.7x, EV/EBITDA of 5.0x and P/B of 1x. The stock is quoting at almost 50% discount to sectoral valuations (Refer page No.5) which we believe is unjustified. The Company is expected to generate Rs19bn operating cash over CY18-20E. We believe, the Company has completed its consolidation phase and likely to enter into growth phase through organic and inorganic route. Given the stable business growth outlook, improvement in balance sheet and decent return ratios, we believe stock is due for rerating. We maintain our "BUY" rating on the stock with a price target of Rs. 244 (PE of 15xCY20E earnings).
... Read more

23-Jul-19
Price @ Call: 195.35
Target: 230
BUY

14-May-19
Price @ Call: 222.55
Target: 247
ACCUMULATE
On the back of new launches from its key domestic customers and strong demand in the CV segment due to pre buying owing to change in emission norm, will generate demands for its products. However the near term headwind due to slower PV growth both in Europe and domestic to remain under check for short term. We value MCEI at 13xCY20E EPS and derive at a target price of Rs247 and upgrade our rating to Accumulate from Hold at CMP.
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8-May-19
Price @ Call: 221.71
Target: 304
BUY
MHCIE, a second largest forging company in India and diversified auto ancillary MNC is on its way to become one of the largest Auto ancillary entity in India. Post its alliance with CIE, the Company has consolidated its business by improving its plant operations and strengthening its balance sheet. Given the stable business growth outlook and ~10.8% earnings CAGR over CY18-20E, we believe stock is due for rerating. We maintain our BUY rating on the stock with revised target price of Rs304 (PE of 17xCY20E earnings).
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8-May-19
Price @ Call: 221.71
Target: 290
BUY
Cyclical slowdown notwithstanding, MACA’s growth story is on track, driven by organic initiatives (new products/ customers) and M&As in focus area. More importantly, under CIE’s parentage, MACA has substantially improved its efficiencies, cut costs and improved profitability. This is reflected in its continuous strong performance, despite industry weakness (both in India and EU). The stock trades at an attractive valuation of 12.9x/11.5x CY19/20E consol. EPS. We value MACA at 15x CY20E EPS, at 30% discount to BHFC’s target multiple due to a difference in competitive positioning and capital efficiencies. Maintain Buy with a target price of INR290.
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15-Apr-19
Price @ Call: 224
Target: 312
BUY
MHCIE is one of the largest diversified auto ancillary MNC in India. Post its alliance with CIE, the Company has consolidated its Indian and European business by improving its plant operations and strengthening its balance sheet. We believe, the Company has completed its consolidation phase and likely to enter into high growth phase with through organic and inorganic route. Based on current business outlook and the Company’s expansion plans we expect MHCIE to report 7.5% sales CAGR and 12.6% earning CAGR over CY18-20. The stock is attractively priced at PE of 13.7xCY19E and 12.1xCY20 earnings. We maintain our BUY rating on the stock with revised price target of Rs312 (PER of 17xCY20E earnings – in line with its three year 12M forward average PE).
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18-Mar-19
Price @ Call: 240.8
Target: 275
BUY
AEL acquisition strategically placed, margins at AEL to inch up, retain BUY!
We are of the view that the said acquisition is progressive in nature as it de- risks, to an extent, the prevailing business model of MCI in favour of the upcoming trend of increasing usage of aluminium in automobile manufacturing. The acquisition will also broaden MCI’s customer base with now healthy exposure to the 2-W segment domestically. CIE with its financial prowess and global experience has successfully turned around operations at various entities at MCI in the past, with consolidated margins improving from ~8% in FY15 to 13.1% in CY18. We expect AEL to benefit from the CIE group expertise in scaling up its margins from prevailing levels of ~12% to ~15% over the next few years. However, we await the merger getting consummated and do not incorporate AEL numbers in our forward earnings estimates as well as valuations parameters. We continue to like the stock given its outperformance in both the domestic as well as international markets, talks over new client additions (KIA Motors) and focus on healthy balance sheet (return ratios, leverage) and cash flow generation. We also draw comfort from ~15% RoCE & >5% FCF yield at MCI over CY19-20E.
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25-Feb-19
Price @ Call: 230.31
Target: 275
BUY
MCI has successfully turned around its operations with margins in CY18 at 13.1% vs. 8% in FY15. It has also grown in excess of industry growth rates through increasing its wallet share at its key clients. We expect this outperformance to continue, going forward. We expect sales, PAT to grow at a CAGR of 8.6% & 14.7%, respectively, in CY18-20E. We value MCI at | 275 i.e. 8.5x EV/EBITDA on CY19E numbers. We have a BUY rating on the stock. We also draw comfort from ~15% RoCE & >5% FCF yield at MCI.
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25-Feb-19
Price @ Call: 230.9
Target: 321
BUY
During Q4CY18 MHCIE reported impressive numbers which were ahead of our estimates on all accounts. Going forward Management expects MHCIE to grow faster than overall auto market in domestic and international segment. We have revised our Sales and PAT estimates upwards by 1.3%/3.4% for CY19E respectively on account of better than expected performance from MHCIE India operations supported by its European business. We also introduce our CY20 estimates for MHCIE. Over CY18-20E, we expect, MHCIE to report 7.5% sales CAGR and 12.5% PAT CAGR. The Company is expected to report EPS of Rs16 and Rs18.3 in CY19E and CY20E respectively. We maintain our BUY rating on the stock and upgrade the target price to Rs321 valuing the Company at PE of 20xCY19E earnings (In line with its 3year 12M average forward PE multiple and ~20% discount to BFL).
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MAHINDCIE Share Price Target - Broker Reports - 2018

23-Oct-18
Price @ Call: 262.6
Target: 281
HOLD

19-Oct-18
Price @ Call: 262.15
Target: 290
BUY

23-Jul-18
Price @ Call: 244
Target: 306
BUY

26-Apr-18
Price @ Call: 240.2
Target: 280
BUY

20-Apr-18
Price @ Call: 240.15
Target: 280
BUY

20-Apr-18
Price @ Call: 240.15
Target: 298
BUY

28-Feb-18
Price @ Call: 238.45
Target: 274
BUY

22-Feb-18
Price @ Call: 228
Target: 280
BUY

22-Feb-18
Price @ Call: 228
Target: 303
BUY

24-Jan-18
Price @ Call: 239.8
Target: 297
BUY

MAHINDCIE Share Price Target - Broker Reports - 2017

27-Dec-17
Price @ Call: 251.59
Target: 297
BUY

1-Nov-17
Price @ Call: 249.92
Target: 282
BUY

27-Oct-17
Price @ Call: 245.55
Target: 304
BUY

26-Oct-17
Price @ Call: 252
Target: 280
BUY

14-Sep-17
Price @ Call: 244.7
Target: 291
BUY

28-Jul-17
Price @ Call: 245
Target: 270
BUY

21-Jul-17
Price @ Call: 245
Target: 291
BUY

24-Jul-17
Price @ Call: 248
Target: 279
BUY

12-Jul-17
Price @ Call: 240
Target: 308
BUY

4-May-17
Price @ Call: 244
Target: 269
BUY

2-May-17
Price @ Call: 244.5
Target: 280
BUY

3-Mar-17
Price @ Call: 205
Target: 229
BUY

27-Feb-17
Price @ Call: 202
Target: 280
BUY

28-Feb-17
Price @ Call: 200
Target: 225
BUY

MAHINDCIE Share Price Target - Broker Reports - 2016

26-Apr-16
Price @ Call: 204
Target: 225
BUY

26-Oct-16
Price @ Call: 194
Target: 220
BUY

26-Oct-16
Price @ Call: 194.25
Target: 225
BUY

15-Sep-16
Price @ Call: 191
Target: 225
BUY

5-Aug-16
Price @ Call: 178
Target: 182
HOLD

  • MAHINDCIE - Share Price Target Potential

    keyboard_arrow_down
    BrokerageTargetPotential
    Karvy Stock Broking21032.86%
    ICICIdirect.com23038.70%
    Geojit Financial Services24742.91%
    Motilal Oswal29051.38%
  • MAHINDCIE Share Price Target Today- Technical Pivot Points (Classic)

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    Upside Target 3154.35
    Upside Target 2147.9
    Upside Target 1142.9
    Pivot136.45
    Downside Target 1131.45
    Downside Target 2125
    Downside Target 3120
  • MAHINDCIE Share Price Target weekly- Technical Pivot Points (Classic)

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    Upside Target 3209.28
    Upside Target 2189.62
    Upside Target 1171.93
    Pivot152.27
    Downside Target 1134.58
    Downside Target 2114.92
    Downside Target 397.23
  • MAHINDCIE Share Price Target monthly- Technical Pivot Points (Classic)

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    Upside Target 3197.42
    Upside Target 2188.43
    Upside Target 1181.07
    Pivot172.08
    Downside Target 1164.72
    Downside Target 2155.73
    Downside Target 3148.37
  • MAHINDCIE Share Price Target today- Technical Pivot Points (Fibonacci)

    keyboard_arrow_down
    Upside Target 3147.9
    Upside Target 2143.53
    Upside Target 1140.82
    Pivot136.45
    Downside Target 1132.08
    Downside Target 2129.37
    Downside Target 3125
  • MAHINDCIE Share Price Target weekly- Technical Pivot Points (Fibonacci)

    keyboard_arrow_down
    Upside Target 3189.62
    Upside Target 2175.35
    Upside Target 1166.53
    Pivot152.27
    Downside Target 1138
    Downside Target 2129.18
    Downside Target 3114.92
  • MAHINDCIE Share Price Target monthly- Technical Pivot Points (Fibonacci)

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    Upside Target 3188.43
    Upside Target 2182.19
    Upside Target 1178.33
    Pivot172.08
    Downside Target 1165.84
    Downside Target 2161.98
    Downside Target 3155.73
SOURCE: Data from D'Market via Quandl. Intraday data delayed 15 minutes.
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