Buy CIE Automotive India; target of Rs 542: Motilal Oswal

About this update from Cie Automotive India Ltd

Motilal Oswal's research report on CIE Automotive IndiaCIEINDIA’s 1QCY26 EBITDA/PAT of INR4b/INR2.4b came in ahead of our estimates of INR3.7b/INR2.2b, led by better-than-expected performance, both in India and Europe. India business margins were maintained QoQ despite input cost headwinds. Moreover, the EU business saw better margin expansion post restructuring last year.OutlookAt CMP, the stock trades at 18.2x/17.1x CY26E/CY27E consolidated EPS. Reiterate BUY with a TP of INR542 (~20x Mar’28E consolidated EPS).Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.CIE Automotive India_27042026_Motilal Oswal

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