Is Cyient DLM a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Cyient DLM Ltd is a average quality company .

Is Cyient DLM undervalued or overvalued?

The key valuation ratios of Cyient DLM Ltd's currently when compared to its past seem to suggest it is in the Fair zone .

What is Cyient DLM share price return in the past 10 years?

Data is not available for this company

Is Cyient DLM a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Cyient DLM Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

Cyient DLM Ltd - Stock Valuation and Financial Performance

Name: Cyient DLM
Brand: Cyient DLM

BSE: 543933 | NSE: CYIENTDLM | Electric Equipment | Small Cap

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Cyient DLM Share Price

₹693.25 -5.85 -0.84%
as on 26-Apr'24 16:01

10 Year X-Ray of Cyient DLM:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Standalone Basis ^P Consolidated Basis

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Value Creation ⓘ

Value Creation Index Colour Code Guide ⓘ

	Mar'14	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	TTM
ROCE % ⓘ	27%	18.9%	6%	2.6%	-0.7%	5%	3.2%	11%	17.2%	11.8%	-
Value Creation Index ⓘ	1.0	0.4	-0.6	-0.8	-1.1	-0.6	-0.8	-0.2	0.3	-0.2	-
Growth Parameters ⓘ Growth Parameters Colour Code Guide ⓘ
Sales ⓘ	407	442	265	345	388	480	457	628	721	832	1,192
Sales YoY Gr.	-	8.7%	-40.1%	30.5%	12.3%	23.9%	-4.9%	37.4%	14.7%	15.5%	-
Adj EPS ⓘ	8.7	7.3	-0	-1.4	-3.6	-0.1	-2	6.6	16.1	5.7	7.7
YoY Gr.	-	-16.2%	-100.6%	NA	NA	NA	NA	NA	146%	-64.6%	-
BVPS (₹) ⓘ	17.3	19.2	16.3	16.5	14.7	14.2	10.5	15.3	31.3	37.4	114.6
Adj Net Profit ⓘ	21.4	18	-0.1	-3.3	-8.8	-0.3	-5	16.1	39.7	30.2	61
Cash Flow from Ops. ⓘ	88.4	-5.3	1	11.8	-13.5	28.9	13.3	36.9	48.5	52.1	-
Debt/CF from Ops. ⓘ	0.9	-17.5	125.4	10.3	-11.2	5.6	19.7	6.3	6	6	-

CAGR ⓘ

CAGR Colour Code Guide ⓘ

	9 Years	5 Years	3 Years	1 Years
Sales ⓘ	8.3%	16.5%	22.1%	15.5%
Adj EPS ⓘ	-4.6%	NA	NA	-64.6%
BVPSⓘ	9%	20.6%	53%	19.4%
Share Price	-	-	-	-

Key Financial Parameters ⓘ

Performance Ratio Colour Code Guide ⓘ

	Mar'14	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	TTM
Return on Equity % ⓘ	63.1	40	-0.3	-8.3	-23	-0.7	-16.4	50.9	69.2	22	10.2
Op. Profit Mgn % ⓘ	10.5	8.3	6.3	2.3	1.1	3.9	3.6	8.3	11.7	10.6	9.3
Net Profit Mgn % ⓘ	5.3	4.1	-0	-1	-2.3	-0.1	-1.1	2.6	5.5	3.6	5.1
Debt to Equity ⓘ	1.9	2	3.1	3	4.2	4.6	10.2	6.2	3.8	1.6	0.1
Working Cap Days ⓘ	117	123	199	191	228	241	275	219	226	253	192
Cash Conv. Cycle ⓘ	1,440	54	89	88	112	130	148	97	94	104	108

Recent Performance Summary

Sales growth is growing at healthy rate in last 3 years 22.10%

Debt to equity has declined versus last 3 years average to 1.59

Sales growth is good in last 4 quarters at 44.84%

Return on Equity has declined versus last 3 years average to 10.20%

Net Profit has been subdued in last 3 years 0.00%

Latest Financials - Cyient DLM Ltd.

	Standalone	Consolidated
TTM EPS (₹)	7.7	7.7
TTM Sales (₹ Cr.)	1,192	1,192
BVPS (₹.) ⓘ	114.6	114.6
Reserves (₹ Cr.) ⓘ	830	830
P/BV ⓘ	6.04	6.04
PE ⓘ	89.65	89.65

From the Market
52 Week Low / High (₹)	401.00 / 882.90
All Time Low / High (₹)	401.00 / 882.90
Market Cap (₹ Cr.)	5,486
Equity (₹ Cr.)	79.3
Face Value (₹)	10
Industry PE ⓘ	90

Management X-Ray of Cyient DLM:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

0.00

* Pledged shares as % of Promoter's holding (%)

Valuation of Cyient DLM

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Price Chart

Price to Earnings

Enterprise Value to EBIT

Price to Book-Value

Price to Sales

Dividend History

Analyst's Notes

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Key Ratios of Cyient DLM

Standalone Basis Consolidated Basis

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'14	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23
Sales	407	442	265	345	388	480	457	628	721	832
Operating Expenses ⓘ	364	405	248	337	384	463	443	582	636	745
Manufacturing Costs	0	16	19	12	15	13	7	8	9	13
Material Costs	-38	362	189	274	308	383	365	495	544	645
Employee Cost	0	17	28	32	43	46	44	47	52	65
Other Costs ⓘ	402	10	12	19	19	21	27	32	31	22
Operating Profit ⓘ	43	37	17	8	4	18	14	46	84	87
Operating Profit Margin (%)	10.5%	8.3%	6.3%	2.3%	1.0%	3.7%	3.0%	7.3%	11.7%	10.5%
Other Income ⓘ	0	7	3	12	9	3	8	9	8	7
Interest ⓘ	7	10	13	11	11	14	18	21	22	32
Depreciation ⓘ	3	4	6	7	8	8	11	18	19	19
Exceptional Items ⓘ	0	-4	-11	0	0	0	0	0	0	0
Profit Before Tax ⓘ	33	25	-10	2	-6	-1	-7	16	51	43
Tax ⓘ	11	9	-3	1	-2	0	-1	4	11	11
Profit After Tax	21	17	-7	1	-4	-1	-7	12	40	32
PAT Margin (%)	5.3%	3.8%	-2.6%	0.2%	-1.0%	-0.2%	-1.5%	1.9%	5.5%	3.8%
Adjusted EPS (₹)	8.7	6.8	-2.8	0.2	-1.6	-0.4	-2.7	4.8	16.2	6.0
Dividend Payout Ratio (%)	0%	80%	0%	0%	0%	0%	0%	0%	0%	0%

Balance Sheet

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'14	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23
Equity and Liabilities
Shareholders Fund	43	47	40	40	36	35	26	38	77	198
Share Capital ⓘ	1	1	1	1	1	1	1	1	1	53
Reserves ⓘ	41	46	39	39	35	34	24	36	76	145
Minority Interest	0	0	0	0	0	0	0	0	0	0
Debt	77	89	121	117	145	157	248	198	293	314
Long Term Debt	8	8	6	6	6	8	65	64	100	100
Short Term Debt	69	81	115	110	139	148	183	134	194	215
Trade Payables	65	48	67	96	114	96	105	190	192	285
Others Liabilities ⓘ	110	15	23	19	49	174	208	214	210	302
Total Liabilities ⓘ	294	200	252	272	344	461	587	640	773	1,099
Fixed Assets
Gross Block	52	60	45	87	100	107	178	272	282	283
Accumulated Depreciation	28	31	6	45	51	59	71	86	109	122
Net Fixed Assetsⓘ	24	28	40	42	48	48	106	186	172	161
CWIP ⓘ	1	3	2	0	0	1	77	2	3	1
Investmentsⓘ	3	3	0	0	0	0	0	0	0	90
Inventories	108	59	98	93	122	179	223	155	270	425
Trade Receivables	65	31	66	100	138	120	55	226	152	162
Cash Equivalents	78	53	34	24	13	60	66	34	122	168
Others Assetsⓘ	15	22	13	13	23	54	60	36	53	93
Total Assets ⓘ	294	200	252	272	344	461	587	640	773	1,099

Cash Flow

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'14	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23
Cash Flow From Operating Activity ⓘ	88	-5	1	12	-13	29	13	37	49	52
PBT ⓘ	33	25	-10	2	-6	-1	-7	16	51	43
Adjustment ⓘ	2	12	28	21	24	26	31	41	37	49
Changes in Working Capital ⓘ	63	-32	-17	-11	-31	4	-11	-20	-33	-23
Tax Paid ⓘ	-9	-10	0	0	0	0	0	0	-6	-17
Cash Flow From Investing Activity ⓘ	-3	-6	-4	-9	-14	-10	-83	-1	-32	-142
Capex	-7	-13	-6	-10	-15	-12	-83	-27	-8	-8
Net Investments	0	-3	0	0	0	0	0	0	-25	-135
Others ⓘ	4	9	2	1	0	2	0	26	1	0
Cash Flow From Financing Activityⓘ	-11	-13	19	-16	21	-2	70	-45	46	74
Net Proceeds from Shares ⓘ	0	0	0	0	0	0	0	0	0	89
Net Proceeds from Borrowing ⓘ	0	0	0	0	1	2	66	21	0	0
Interest Paid ⓘ	-7	-13	-13	-11	-9	-14	-20	-11	-7	-14
Dividend Paid ⓘ	0	-13	0	0	0	0	0	0	0	0
Others ⓘ	-4	12	32	-5	29	11	24	-55	53	0
Net Cash Flow ⓘ	74	-25	16	-13	-7	17	0	-9	62	-16

Finance Ratio

Standalone Basis Consolidated Basis

PARTICULARS	Mar'14	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23
Ratios
ROE (%)	63.06	37.07	-15.58	1.46	-10.03	-2.62	-22.11	37.29	69.35	23.08
ROCE (%)	40.91	26.75	1.97	7.77	2.65	6.64	4.55	13.02	22.66	16.92
Asset Turnover Ratio	2.08	1.8	1.17	1.4	1.27	1.19	0.87	1.02	1.02	0.89
PAT to CFO Conversion(x)	4.19	-0.29	N/A	12	N/A	N/A	N/A	3.08	1.23	1.63
Working Capital Days
Receivable Days	42	39	67	83	111	98	70	82	96	69
Inventory Days	64	69	108	95	101	114	160	110	108	152
Payable Days	-413	57	111	109	125	100	101	109	128	135

Cyient DLM Ltd Stock News

Cyient DLM Ltd FAQs

What is the share price of Cyient DLM?

Company share prices are keep on changing according to the market conditions. The closing price of Cyient DLM on 26-Apr-2024 16:01 is ₹693.2.

What is the market cap of Cyient DLM?

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 26-Apr-2024 16:01 the market cap of Cyient DLM stood at ₹5,486.4.

What is the P/E ratio of Cyient DLM?

The latest P/E ratio of Cyient DLM as of 26-Apr-2024 16:01 is 89.65.

What is the P/B ratio of Cyient DLM?

The latest P/B ratio of Cyient DLM as of 26-Apr-2024 16:01 is 6.04.

What is the 52-week high and low of Cyient DLM?

The 52-week high of Cyient DLM is ₹882.9 and the 52-week low is ₹401.0.

What is the TTM revenue of Cyient DLM?

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Cyient DLM is ₹1,192 ( Cr.) .

About Cyient DLM Ltd

The company was originally incorporated as ‘Rangsons Electronics Private Limited’ at Mysuru, Karnataka as a private limited company under the Companies Act, 1956, pursuant to a certificate of incorporation dated June 30, 1993 issued by the Registrar of Companies, Karnataka at Bengaluru. The name of the company was changed to ‘Cyient DLM Private Limited’ pursuant to a special resolution passed by its Shareholders on December 22, 2016 and a fresh certificate of incorporation pursuant to a change of name dated January 18, 2017 was issued by the Registrar of Companies, Karnataka at Bengaluru. Subsequently, pursuant to a change in its registered office by way of a resolution passed by its Shareholders on August 1, 2019, a certificate of registration of regional director order in relation to the change of State was issued by the RoC on July 3, 2020. The company was converted from a private limited company to a public limited company pursuant to a special resolution passed by its Shareholders on November 25, 2022, and the name of the company was changed to ‘Cyient DLM Limited’. A fresh certificate of incorporation dated December 13, 2022 consequent upon change of name on conversion to a public limited company was issued by the RoC.

Cyient DLM has been a trusted electronics and mechanical manufacturing partner and systems supplier to some of the largest players across multiple industries. As an integrated manufacturing partner that provides Design Led Manufacturing (DLM) solutions to customers, it takes ownership of design, manufacturing, testing, and certification support to ensure that customers' products meet robust standards in reliability, safety, and performance. It has expertise in safety-critical electronics in highly regulated industries. Its engineers have significant design and manufacturing expertise that helps its customers build complex products and achieve faster time-to-market.

It is an integrated Electronic Manufacturing Services (EMS) and solutions provider with a focus on the entire life cycle of a product, including design, build and maintain. its solutions primarily comprise manufacture of: (i) printed circuit board (PCB) assembly (PCBA), (ii) cable harnesses, and (iii) box builds which are used in safety critical systems such as cockpits, inflight systems, landing systems, and medical diagnostic equipment, which it provides to its clients as Build-to-print (B2P) or Build-to-specification (B2S) services. It was incorporated on June 30, 1993 and have many years of experience in developing high mix, low-to-medium volume highly complex systems.

Business area of the company

The company is engaged in providing total electronic manufacturing solutions in the fields of medical, industrial, automotive, telecommunication, defense and aerospace applications and machining of components for aerospace, automotive and defense industries.

Products and Services of the company

PCB assembly
Cable harnesses
Box builds
Build-to-print (B2P)
Build-to-specification (B2S)

Awards, accreditations or recognitions

2000: Awarded the ‘Supplier Performance Award’ by GE Medical Systems, South Asia.
2005: Awarded the ‘Best Supplier - Printed Circuit Assembly for 2004-05’ by Larsen and Toubro Limited.
2007: Awarded the ‘Best Supplier Award - Printed Circuit Assembly for the year 2006-07’ by Larsen and Toubro Limited.
2011: Awarded for ‘Excellence in Quality, Cost & Delivery for the year 2010’ by Bosch Limited.
2012: Awarded for ‘High Growth in Electronic Hardware Exports - Tier II & III Region in 2011-12’ by Software Technology Parks of India.
2013: Awarded for ‘Excellence in Quality, Cost & Delivery for the year 2012’ by Bosch Limited.
2013: Awarded the ‘Award for ABB Sustainability’ by ABB Inc.
2014: Awarded the ‘Bosch Supplier Award’ for the India region by Bosch Limited.
2014: Awarded the ‘Supplier Award’ by ABB Inc.
2014: Awarded the ‘Best Electronics Manufacturing Services Company Award’ by India Electronics and Semiconductor Association (IESA).
2014: Awarded for ‘Best Performance in Highest Growth in Electronic Hardware Exports - Tier II & III Region in 2013-14’ by Software Technology Parks of India.
2015: Awarded the ‘Performance Award’ by ABB Inc.
2014: Awarded for ‘Best Performance in High Growth in Electronic Hardware Exports - Tier II & III Regions in 2014-15’ by Software Technology Parks of India.
2017: Awarded the ‘Lakshya 2020’ award by Bosch Limited.
2019: Awarded the ‘Platinum (First) Prize in Manufacturing Sector (Medium Category)’ by Federation of Indian Chambers of Commerce and Industry (FICCI).
2020: Awarded for ‘On Conformity Delivery performance’ by the Thales Group.
2020: Awarded for being the ‘Highest Exporter in Electronic Hardware – Tier II & III Region in 2019-20’ by Software Technology Parks of India.
2021: Awarded the ‘Partnership Recognition for 2020-21’ certificate by Bharat Electronics Limited.
2022: Received accreditation from NADCAP for ‘Electronics - Cable and Harness Assemblies’.
2022: Received accreditation from NADCAP for ‘Electronics Printed Board Assemblies’.

History and milestone

1993: Incorporation of the company.
2015: Acquisition of 1,011,580 Equity Shares amounting to 74.00% of the equity share capital of the company by Cyient Limited.
2016: Change in the name of the company from ‘Rangsons Electronics Private Limited’ to ‘Cyient DLM Private Limited’.
2018: Merger of Techno Tools Precision Engineering Private Limited, an erstwhile wholly owned subsidiary, into of the company.
2019: Acquisition of remaining 355,420 Equity Shares amounting to 26.00% of the equity share capital of the company by Cyient Limited.
2020: Established a manufacturing facility in Hyderabad.
2022: Entered into a New Product Introduction Contract with Honeywell Inc. for the supply of next generation cockpit avionics modules.