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Cyient DLM Ltd - Stock Valuation and Financial Performance

BSE: 543933 | NSE: CYIENTDLM | Electronics - Components | Small Cap

Cyient DLM Share Price

479.10 -6.70 -1.38%
as on 18-Jul'25 16:59

Cyient DLM Ltd - Stock Valuation and Financial Performance

BSE: 543933 | NSE: CYIENTDLM | Electronics - Components | Small Cap

DeciZen - make an informed investing decision on Cyient DLM

Overall Rating
Bole Toh

1. Quality

2. Valuation

Fair

3. Price Trend

Semi Strong

Cyient DLM stock performance -

mw4me loader
P/E Ratio (SA):
49.58
Market Cap:
3,802.4 Cr.
52-wk low:
350.2
52-wk high:
872.6

Is Cyient DLM Ltd an attractive stock to invest in?

1. Is Cyient DLM Ltd a good quality company?

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

2. Is Cyient DLM Ltd 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.

3. Is Cyient DLM Ltd a good buy now?

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

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

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

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Cyient DLM Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Value Creation Index Colour Code Guide

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
ROCE % 2%7.8%2.7%6.6%4.6%13%22.7%16.9%15%13%-
Value Creation
Index
-0.9-0.5-0.8-0.5-0.7-0.10.60.20.1-0.1-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 2653453884804576287218321,1921,3451,345
Sales YoY Gr.-30.5%12.3%23.9%-4.9%37.4%14.7%15.5%43.3%12.8%-
Adj EPS -0-1.4-3.6-0.1-26.616.15.789.99.7
YoY Gr.-NANANANANA146%-64.6%40.8%23.1%-
BVPS (₹) 16.316.514.714.210.515.331.337.4114119.1119.1
Adj Net
Profit
-0.1-3.3-8.8-0.3-516.139.730.263.778.577
Cash Flow from Ops. 111.8-13.528.913.336.948.554-70.5-62-
Debt/CF from Ops. 125.410.3-11.25.619.76.365.8-1.9-2.3-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 19.8%24.1%23.1%12.8%
Adj EPS NANA-15%23.1%
BVPS24.7%62.7%56.1%4.5%
Share Price - - - -37.2%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity %
-0.3-8.3-23-0.7-16.450.969.22211.58.48.1
Op. Profit
Mgn %
6.32.31.13.93.68.311.710.69.310.310.3
Net Profit
Mgn %
-0-1-2.3-0.1-1.12.65.53.65.45.85.7
Debt to
Equity
3.134.24.610.26.23.81.60.20.20.1
Working Cap
Days
199191228241275219226253227228144
Cash Conv.
Cycle
898811213014897941049711977

Recent Performance Summary

Sales growth is growing at healthy rate in last 3 years 23.13%

Debt to equity has declined versus last 3 years average to 0.15

Sales growth is good in last 4 quarters at 14.39%

Return on Equity has declined versus last 3 years average to 8.10%

Net Profit has been subdued in last 3 years -15.03%

Latest Financials - Cyient DLM Ltd.

Standalone Consolidated
TTM EPS (₹) 9.7 8.6
TTM Sales (₹ Cr.) 1,345 1,520
BVPS (₹.) 119.1 118.3
Reserves (₹ Cr.) 866 859
P/BV 4.02 4.05
PE 49.58 55.85
From the Market
52 Week Low / High (₹) 350.15 / 872.55
All Time Low / High (₹) 350.15 / 882.90
Market Cap (₹ Cr.) 3,802
Equity (₹ Cr.) 79.4
Face Value (₹) 10
Industry PE 112.9

Management X-Ray of Cyient DLM:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

No data found!

Key Ratios of Cyient DLM

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Sales2653453884804576287218321,1921,345
Operating Expenses 2483373844634435826367451,0841,209
Manufacturing Costs19121513789131623
Material Costs1892743083833654955446459201,009
Employee Cost 2832434644475265117129
Other Costs 12191921273231223148
Operating Profit 17841814468487107136
Operating Profit Margin (%) 6.3%2.3%1.0%3.7%3.0%7.3%11.7%10.5%9.0%10.1%
Other Income 3129389873130
Interest 13111114182122323436
Depreciation 6788111819192228
Exceptional Items -11000000000
Profit Before Tax -102-6-1-716514382103
Tax -31-20-1411112126
Profit After Tax -71-4-1-71240326177
PAT Margin (%) -2.6%0.2%-1.0%-0.2%-1.5%1.9%5.5%3.8%5.1%5.7%
Adjusted EPS (₹)-2.80.2-1.6-0.4-2.74.816.26.07.79.7
Dividend Payout Ratio (%)0%0%0%0%0%0%0%0%0%0%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25

Equity and Liabilities

Shareholders Fund 40403635263877198904945
Share Capital 1111111537979
Reserves 39393534243676145825866
Minority Interest0000000000
Debt121117145157248198293314109116
Long Term Debt666865641001007550
Short Term Debt1151101391481831341942153466
Trade Payables679611496105190192285309226
Others Liabilities 231949174208214210302276226
Total Liabilities 2522723444615876407731,0991,5971,513

Fixed Assets

Gross Block4587100107178272282267321355
Accumulated Depreciation64551597186109106129152
Net Fixed Assets40424848106186172161192203
CWIP 20017723116
Investments 00000009066156
Inventories9893122179223155270425464484
Trade Receivables6610013812055226152162226299
Cash Equivalents 342413606634122168537272
Others Assets131323546036539311192
Total Assets 2522723444615876407731,0991,5971,513

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity 112-132913374954-71-62
PBT -102-6-1-716514382103
Adjustment 28212426314137513460
Changes in Working Capital -17-11-314-11-20-33-23-168-200
Tax Paid 000000-6-17-20-25
Cash Flow From Investing Activity -4-9-14-10-83-1-32-142-428119
Capex -6-10-15-12-83-27-8-8-34-48
Net Investments 000000-25-135-405254
Others 21020261011-87
Cash Flow From Financing Activity 19-1621-270-454672479-66
Net Proceeds from Shares 0000000897000
Net Proceeds from Borrowing 00126621000-25
Interest Paid -13-11-9-14-20-11-7-20-24-70
Dividend Paid 0000000000
Others 32-5291124-55534-19728
Net Cash Flow 16-13-7170-962-16-19-10
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Ratios
ROE (%)-15.581.46-10.03-2.62-22.1137.2969.3523.0811.118.3
ROCE (%)1.977.772.656.644.5513.0222.6616.9214.9913
Asset Turnover Ratio1.171.41.271.190.871.021.020.890.880.86
PAT to CFO Conversion(x)N/A12N/AN/AN/A3.081.231.69-1.16-0.81
Working Capital Days
Receivable Days678311198708296695971
Inventory Days10895101114160110108152136129
Payable Days11110912510010110912813511897

Cyient DLM Ltd Stock News

Cyient DLM Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Cyient DLM on 18-Jul-2025 16:59 is ₹479.1.
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 18-Jul-2025 16:59 the market cap of Cyient DLM stood at ₹3,802.4.
The latest P/E ratio of Cyient DLM as of 18-Jul-2025 16:59 is 49.58.
The latest P/B ratio of Cyient DLM as of 18-Jul-2025 16:59 is 4.02.
The 52-week high of Cyient DLM is ₹872.5 and the 52-week low is ₹350.1.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Cyient DLM is ₹1,345 ( 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.


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