Board of Directors of CIE Automotive India Ltd on Thursday approved a final dividend of Rs 7.00/- per equity share of the face value of Rs 10/- each for the financial year ended December 31, 2024. Current market price of CIE Automotive India shares on BSE stood at Rs 427.20 per share with intraday jump of 0.34% at the time of writing the story. Meanwhile, BSE Sensex plunged 267.29 points in early morning trade to 75,468.67. CIE Automotive has a market capitalisation of Rs 16,206.36 crore and offers a return on equity of 11.43%. In last 1-week, the scrip gained 3.79% when Sensex plunged 0.49%. Check more details below:

CIE Automotive India Approves Final Dividend

According to the BSE filing of CIE Automotive India dated Feb 20, 2025, “we wish to inform you that the Board of Directors of the Company (the Board) at its meeting held today i.e. 20th February, 2025 recommended to the members, for their consideration and approval at the ensuing 26th Annual General Meeting of the Company, Final Dividend of Rs. 7.00/- (Rupees Seven only) per Equity Share of face value of Rs. 10/- each for the financial year ended 31st December, 2024.”

Board Approves 26^thAnnual General Meeting (AGM)

The exchange filing of the company added, “further the Board approved to convene the 26th Annual General Meeting of the Members of the Company (the AGM) through Video Conferencing (VC) / Other Audio Visual Mechanism (OAVM) on Wednesday, 30th April, 2025 at 3:30 P.M.(IST).

CIE Automotive India Shares Performance

The 52-week high price of CIE Automotive India shares on BSE stood at Rs 628.45 per share (as on 10/07/2024) and 52-week low price is Rs 401.00 per share (as on 14/03/2024), respectively. CIE Automotive India shares plunged 10.56% year-to-date (YTD), slipped over 22% in last 6-months, and fell 5.80% in last 1-year. The stock witnessed rally of 11.40% in last 2-years when Sensex rose 24.55% and BSE Consumer Discretionary index rallied 57.30%. In last 3-years, it delivered returns of 124.17% and 180.92% in last 5-years.

CIE Automotive Q4 Results

The company, previously known by the Mahindra CIE Automotive, declared a surge of 9.5% year-on-year (YoY) in its net profit for Q4 to Rs 184.9 crore as against Rs 168.9 crore announced in the corresponding quarter of last year. It announced a 5.8% decline in its revenue to Rs 2,109.9 crore for the quarter under review as compared to Rs 2,240.3 crore amid sluggish demand in few segments. Meanwhile, the company posted its EBITDA at Rs 299.2 crore, down 86% from Rs 327.2 crore declared in the year ago quarter. On the other hand, EBITDA margin reported at 14.2% as against 14.6% reported in the year ago tenure.

CIE Dividend History

The company declared a total of 3 dividends since April 13, 2022. In last 1-year, CIE Automotive India recommended an equity dividend amounting to Rs 5.00 per share. At the current share price of Rs 431.45, CIE Automotive India offers a dividend yield of 1.16%, according to Trendlyne.

CIE Bonus Shares History: The company never recommended any bonus share so far.

Shareholding

FII/FPI increased holdings from 4.32% to 4.47% for December 2024 quarter. Number of FII/FPI investors decreased from 180 to 174 for December 2024 quarter. Mutual Funds have increased holdings from 19.36% to 19.91% for December 2024 quarter. Institutional Investors have increased holdings from 24.69% to 25.23% for December 2024 quarter.

Disclaimer: The story highlights dividend, Q3 results, and should not be considered as investment advice by the Moneydaily.in or the Author. Moneydaily.in and the author will not be held responsible for any losses caused as a result of decisions based on the above information. Moneydaily.in advises readers to do their own research or consult a SEBI registered investment advisor before making any investment decisions.