MAHINDRA CIE AUTOMOTIVE LTD - RESULTS FOR Q4 FY 2017-18 - MARCH 2018

MAHINDRA CIE AUTOMOTIVE LTD

RESULTS FOR Q4 FY 2017-18

MARCH 2018

MAHINDRA CIE AUTOMOTIVE LTD has posted good results for the fourth quarter ended March 2018.

Sales have grown by 32% YoY and 9% QoQ. 

Net profit has grown by 132% YoY and 163% QoQ.

At the current Market price of around Rs.238, the PE comes to around 58.

MAHINDRA CIE AUTO	Mar '18	Dec '17	Sep '17	Jun '17	Mar '17	YOY	QOQ
Net Sales	611.97	561.5	484.25	449.51	464.05	31.88	8.99
Raw Materials	343.19	293.58	250.97	238.98	252.11	36.13	16.9
Increase in Stocks	-7.03	-11.7	7.96	-9.37	0.46	-1628.26	-39.91
Employees Cost	67.38	75.59	57.12	56.63	56.64	18.96	-10.86
Depreciation	18.85	22.82	17.76	18.23	17.12	10.11	-17.4
Other Expenses	134.51	145.71	119.83	120.57	111.73	20.39	-7.69
P/B Other Inc. , Int., Excpt. Items & Tax	55.08	35.5	30.6	24.48	26	111.85	55.15
Other Income	6.1	3.77	3.1	4.26	2.91	109.62	61.8
P/B Int., Excpt. Items & Tax	61.18	39.27	33.7	28.74	28.92	111.55	55.79
Interest	1.52	3.3	1.24	1.84	2.55	-40.39	-53.94
P B T	59.66	29.07	32.46	26.9	26.36	126.33	105.23
Tax	21.09	14.43	12.1	9.25	9.73	116.75	46.15
Net Profit	38.57	14.65	20.36	17.65	16.64	131.79	163.28
Equity	378.47	378.37	378.37	378.12	378.11	0.1	0.03
Basic EPS	1.02	0.39	0.54	0.47	0.44	131.82	161.54
Diluted EPS	1.02	0.39	0.54	0.47	0.44	131.82	161.54
MP	238
PE	58.33
PRICE GROWTH
AS ON 21.04.18	1 week	2 week	1 month	3 month	6 month	9 month	1 year
Price	213.2	222	215.05	238.5	239.05	245.15	226.3
Gain / Loss	11.12%	6.71%	10.16%	-0.67%	-0.90%	-3.37%	4.68%

Note : This does not constitute a Buy / Sell / Hold recommendation. Investors have to make their further analysis and come to a decision.