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Cyient Ltd (CYIENT)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 532175 NSE: CYIENT IT - Software | Small Cap | Cyient Share Price

₹849.65 -14.30 (-1.66%)

As on 10-Jun'26 16:59

Cyient Ltd (CYIENT)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 532175 NSE: CYIENT IT - Software | Small Cap | Cyient Share Price

₹849.65 -14.30 (-1.66%)

As on 10-Jun'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹9,443 Cr.
Current Price
₹849.7
52-Week Low / High
₹751 / 1,369
TTM EPS
₹38.5
TTM Sales
₹7,268 Cr.
Book Value per Share
₹511.2
P/E Ratio
22.07
Lower than its 5-year historical median
Industry PE
21.3
Price to Book (P/B)
1.66
Lower than its 5-year historical median
Price to Sales (P/S)
1.30
Lower than its 5-year historical median
EV/EBITDA
7.45
Lower than its 5-year historical median
Dividend Yield
2.13%
Profitability Efficiency
Return on Equity (ROE)
8.54%
Outperforms industry median
Return on Capital Employed (ROCE)
12.41%
Outperforms industry median
Return on Assets (ROA)
5.88%
Operating Profit Margin
15.5%
Net Profit Margin
6.37%
Gross Profit Margin
14.1%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Slowing versus 3-year growth rate
2.98%
Operating Profit Growth (1 Year)
Slowing versus 3-year growth rate
-23.09%
Net Profit Growth (1 Year)
Slowing versus 3-year growth rate
-28.58%
Asset Quality
Promoter Holding
23.28%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹5,626 Cr.
Equity
₹55.6 Cr.
Face Value
₹5
All Time Low / High
₹4.15 / 2457.00

Cyient stock performance

Key Ratios
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Quality

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Valuation

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Price Trend

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Q.1 Is Cyient Ltd a good quality company?
Cyient Ltd is a good quality company, based on a consistently good multi-year financial track record.

This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.

We have analysed the performance of the company on the following:

  • How has it performed on generating Profits?

    By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.

  • How efficiently has it utilized Capital?

    By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.

  • How is it managing its Debt?

    By checking its Debt to Equity and Cash Flow from Operations.

How does Cyient Ltd performance compare with that of its Peers?
Q.1 Revenue growth of Cyient Ltd vs industry peers?
Cyient Ltd revenue CAGR is 10.70%, compared to the industry median CAGR of 2.48%, indicating faster growth and gaining its market share.
Q.1 Promoter shareholding and pledge status of Cyient Ltd?
Promoters hold 23.28% of the Cyient Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Q.1 Stock return of Cyient Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of 7.1% based on the current price.

DeciZen - make an informed investing decision on Cyient

Decision Maker
Consolidated basis

1. Right Stock

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2. Right Price

3. Right Time

#Likely Future 5 Year CAGR.

10 Year X-Ray : Login to view analysis.

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 Ltd has performed well in majority of the past ten years indicating its past ten year financial track record is very good

Value Creation

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
ROCE % 21.7%21.1%22.7%23.5%17.5%16.7%22%19.9%22.7%18.9%-
Value Creation
Index
0.60.60.70.70.30.20.60.51.00.4-

Growth Parameters

Sales 3,0943,5863,9144,6184,4274,1324,5346,0167,1477,3607,268
Sales YoY Gr.-15.9%9.2%18%-4.1%-6.7%9.7%32.7%18.8%3%-
Adj EPS 25.930.232.244.127.535.54548.26654.938.5
YoY Gr.-16.9%6.5%37.1%-37.7%29.3%26.8%7%36.9%-16.8%-
BVPS (₹) 162.7186.2206.2231.6231.9267.4280.2309378.5471.7511.2
Adj Net
Profit
291340362488302391497533731609428
Cash Flow from Ops. 278420296370582856635554726790-
Debt/CF from Ops. 0.80.5110.70.40.51.70.60.3-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales 10.1%10.7%17.5%3%
Adj EPS 8.7%14.8%6.8%-16.8%
BVPS12.6%15.3%19%24.6%
Share Price 5.5% 0.8% -15% -36.8%

Key Financial Parameters

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity %
15.817.216.319.911.814.216.416.218.912.77.8
Op. Profit
Mgn %
13.313.313.713.712.414.618.216.718.215.512.5
Net Profit
Mgn %
9.29.49.210.56.89.5118.910.58.75.9
Debt to
Equity
0.10.10.10.10.20.10.10.30.100
Working Cap
Days
158155190191212216165124128134108
Cash Conv.
Cycle
2924223039362526416272

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Sales3,5863,9144,6184,4274,1324,5346,0167,1477,3607,268
Operating Expenses > + 3,1223,3794,0043,8793,5843,7175,0135,8586,2196,390
Manufacturing Costs134149171170158189286322305307
Material Costs2743074193925265716969661,139786
Employee Cost 2,0492,1882,5472,4782,1612,2673,0263,5123,6904,034
Other Costs > 6667358688397396911,0041,0581,0851,263
Operating Profit > 4645356145495488181,0031,2891,142878
Operating Profit Margin (%) 12.9%13.7%13.3%12.4%13.3%18.0%16.7%18.0%15.5%12.1%
Other Income > + 107152153158167112818098210
Exceptional Items > -26-5-4000-47-680-93
Interest > 1720334943391001169361
Depreciation > 95105111188195192257267267278
Profit Before Tax > 444541620468477698681918875645
Tax > 105138143127113176167216227182
Profit After Tax 340403477341364522514703648463
PAT Margin (%) 9.5%10.3%10.3%7.7%8.8%11.5%8.6%9.8%8.8%6.4%
Adjusted EPS (₹)30.536.043.331.133.147.346.561.555.538.5
Dividend Payout Ratio (%)34.40%36.10%34.60%48.20%51.40%50.70%55.90%48.80%46.90%41.60%

Valuation of Cyient - Consolidated

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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Analyst's Notes

data not found
No data found!

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26

Equity and Liabilities

Shareholders Fund + 2,0972,3222,5572,5502,9413,0933,4184,2015,2355,614
Share Capital 56565555555555565656
Reserves 2,0402,2662,5022,4952,8863,0383,3634,1455,1805,558
Debt +165241325374318284894353209138
Long Term Debt4963112868824942789878
Short Term Debt1161782142882302824007511160
Minority Interest30-2-3-3-3-3299451481
Trade Payables392381370373453526714500393537
Others Liabilities 1,0731,2191,4981,6541,6378631,4771,5751,3191,371
Total Liabilities 3,7304,1634,7484,9485,3464,7636,5006,9287,6098,141

Fixed Assets

Net Fixed Assets +7517989781,3051,3611,3452,8252,8262,9293,084
Gross Block1,4391,5771,8552,2762,4392,5414,1604,2054,1184,484
Accumulated Depreciation6887798779711,0781,1961,3361,3791,1891,400
CWIP 275210414688134557795
Investments 196143554134445518436502457
Inventories94131183227159279436468577653
Trade Receivables6506918147268037331,1271,2621,4071,306
Cash Equivalents 8789819719521,4651,2677199841,3141,506
Others Assets 1,1361,3681,6441,5511,4376818308968021,130
Total Assets 3,7304,1634,7484,9485,3464,7636,5006,9287,6098,141

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Cash Flow From Operating Activity + 420296370582856635554726790787
PBT 444557619471477698681918875645
Adjustment 397164225239199350346329286
Changes in Working Capital 37-166-17133269-97-349-261-158131
Tax Paid -100-165-142-146-129-165-129-278-255-274
Cash Flow From Investing Activity + -180-87-220-157-101-382-1,033-533-145112
Capex -104-147-144-214-95-85-65-78-102-94
Net Investments -24-22482327-325-113-335175241
Others -5382-12433-3228-855-120-218-35
Cash Flow From Financing Activity + -93-136-232-446-253-545-109-266-58-569
Net Proceeds from Shares 212241287158802
Net Proceeds from Borrowing -41050-42-39-45148-172-386-6
Interest Paid -17-19-30-29-21-17-66-93-70-45
Dividend Paid -62-157-112-263-1-295-263-306-330-329
Others -1130-141-114-195-20063-410-153-191
Net Cash Flow 14674-82-21503-292-588-73587330

Financial Ratio

PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Ratios
ROE (%)17.318.2519.5613.3613.2517.3115.818.4513.748.54
ROCE (%)21.122.6623.4717.4916.6521.9619.9222.7118.9112.41
Asset Turnover Ratio1.120.991.040.910.80.91.071.061.010.92
PAT to CFO Conversion(x)1.240.730.781.712.351.221.081.031.221.7
Working Capital Days
Receivable Days6462.5059.5063.5067.5061.8056.406166.2068.10
Inventory Days9.7010.5012.4016.901717.6021.7023.1025.9030.90
Payable Days467.20459.70327.60345.70286.50313.20325229.50143.20215.90

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Cyient Ltd FAQs

The current trading price of Cyient on 10-Jun-2026 16:59 is ₹849.6.

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 09-Jun-2026 the market cap of Cyient stood at ₹9,443.2 Cr

The latest P/E ratio of Cyient as of 09-Jun-2026 is 61.08.

The latest P/B ratio of Cyient as of 09-Jun-2026 is 2.63.

The 52-week high of Cyient is ₹1,368.5 and the 52-week low is ₹751.0.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Cyient is ₹2,363 ( Cr.) .

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

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

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

About Cyient Ltd

Cyient, founded in 1991, is a global engineering and technology solutions company. It engages with customers across their value chain helping to design, build, operate, and maintain the products and services that make them leaders and respected brands in their industries and markets. Customers draw on Cyient’s expertise in engineering, manufacturing, and digital technology to deliver and support their next-generation solutions that meet the highest standards of safety, reliability, and performance.

With over thousands of employees in many countries, Cyient partners with clients to operate as part of their extended team in ways that best suit their organization’s culture and requirements. Cyient’s industry focus includes aerospace and defense, healthcare, telecommunications, rail transportation, semiconductor, geospatial, industrial, and energy.

Business area of the company

The company provides engineering and technology solutions to global industry leaders. As a Design, Build, and Maintain partner, for leading global organizations, Cyient takes solution ownership across the value chain to help clients focus on their core, innovate, and stay ahead of the curve. The company leverages digital technologies, advanced analytics capabilities, and its domain knowledge and technical expertise, to solve complex business problems.

Awards and recognitions

  • General Procurement Key Supplier of the Year, UTC Supply Chain Management, 2006
  • ACE Gold Status, UTC, 2007
  • GITA Excellence Award, GITA-ANZ, 2008
  • International Edison Award, EEI, 2008
  • Supplier Gold, UTC, 2008
  • TomTom Performance Cup, TomTom, 2009
  • Supplier Productivity Innovation Award, Pratt & Whitney, 2010
  • Geospatial Excellence Award, MapAsia, 2010
  • Best IT Implementation Award 2010, PCQuest, 2010
  • B.V.R Mohan Reddy Receives the Prestigious Leadership Award, ASME, 2011
  • Recognized for Innovative HR Practices, Asia Pacific HRM Congress, 2011
  • Boeing Performance Excellence Award, The Boeing Company 2012
  • Supplier of the Year, Hamilton Sundstrand, 2011 and 2010
  • Highest Productivity Award, Pratt & Whitney, 2012, 2011, and 2009
  • Among Global Outsourcing 100 List, IAOP, 2012
  • Supplier of the Year, The Boeing Company, 2012, 2010
  • Leader in R&D Services for Aerospace & Defense and Transportation, Zinnov Consulting, 2012, 2011
  • Golden Peacock Award for Demonstrated Excellence in Corporate Governance 2012
  • Leader in Engineering Services and Outsourced Product Development, Global Services 100, 2012
  • Best Indian Company in the US in Technology and Communications, Indo-American Chamber of Commerce (IACC), 2012
  • National Award for Excellence in Corporate Governance, ICSI, 2014
  • Global Services Supplier of the Year, Alstom Transportation, 2014
  • An ‘Established and Expansive’ Player in Engineering Research and Development (ER&D), Zinnov, 2015
  • Supplier of the Year Award, Boeing, 2015
  • Positioned in the Winner’s Circle, HfS Blueprint Report for Aerospace Engineering Services, 2017
  • Golden Peacock Award for Risk Management, Institute of Directors, 2017
  • Geospatial Solutions Company of the Year Award, Geospatial World Forum, 2017
  • Most Innovative Organizations in India, CII, 2017
  • Leader in Corporate Innovation Award, Indo-American Chamber of Commerce, 2017
  • Everest Group’s V&V Engineering Services Peak Matrix Assessment, 2018
  • Zinnov Zones’ ER&D Services Report, 2018
  • Leader in Transportation Services, Zinnov Zones, 2018
  • Cornerstone Partner, Esri, 2018
  • Best Railway Signalling Design Company, Internal Transport News (ITN), 2018
  • Top 10 Telecom Engineering Service Providers, HfS Research, 2018
  • Pratt & Whitney Supplier Awards, 2018
  • Everest Group’s Peak Matrix Assessment, 2019

Milestones

  • 1991 August:-  Infotech Enterprises was incorporated as a private limited company 
  • 1995 August: - The company received its first ISO 9002 certification from BVQi London for its conversion services  
  • 1997 April - Acquisition of SRG Infotech a 16-year-old local software company providing software services in oracle and Visual basic client server environments. The acquisition brought into the company the assets, customers, technologies, employees and over 500 person years of expertise 
  • 1997 October - Partner in Development with IBM for developing Enterprise wide Information System. Infotech Enterprises diversifies into Business software development by adding 50 developers, creating an independent profit center.  
  • 1998 December - Infotech Enterprises signs a break-through contract to provide GIS conversion, Consulting and Mapping services worth US$ 5.5 million to Analytical Surveys, Inc. (ASI)  
  • 1999 January - Infotech Enterprises enters into an agreement with Navionics Italy the world leader in seamless marine electronic charts for digitization and Conversion services  
  • 1999 June - Infotech and ASI sign a long term contract for ASI to source $ 33 million in conversion and software services from Infotech Enterprises  
  • 1999 July - Infotech Enterprises establishes a wholly-owned subsidiary Infotech Software Solutions Inc in the United States of America in the state of California. The corporation is primarily engaged in the business of supplying computer software and related service 
  • 1999 August - Infotech Enterprises announces acquisition of European based GIS software solution company- Dataview Solutions Limited  The company acquired Dataview with an upfront cash payment of  $1.80 million and issue of stock of Infotech for $1.80 million over the next two years  
  • 1999 September - Infotech Enterprises acquires Cartographic Sciences Pvt. Ltd, Mumbai from Analytical Surveys Inc. US  
  • 2000 January -  Inauguration of the state-of-the-art software development centre spread across 1,30,000 sq ft area in Infocity, Hyderabad. The state-of-the-art development centre is build at an approx. cost of Rs12 crore and can accommodate 4000 software engineers  
  • 2000 April - Merger of Cartographic Sciences with Infotech Enterprises 
  • 2000 May - Infotech Enterprises entered into a Master Services Agreement with Pratt & Whitney, division of UTC Group  
  • 2000 October - Infotech Enterprises announces the acquisition of a German company, Advanced Graphics Software GmbH (AGS). AGS is a nine-year-old mechanical engineering software and services company specializing in 3D CAD/CAM. 
  • 2000 November - Infotech Enterprises won a multimillion dollar GIS project from the Dutch multi-national group, FUGRO  
  • 2001 April - Infotech Europe acquires European GIS distributor Map Centric a leading independent GIS distributor in Europe  
  • 2001 May - Infotech Enterprises bags a contract worth US $ 7 million to provide Photogrammetry service to Triathlon a leading full fledged geomatics company in Canada  
  • 2001 May - Infotech ranks 5th among Top Ten Exporters from Andhra Pradesh for the year 2000-2001  
  • 2001 June - Infotech Enterprises acquires   ten acres of land to set up a software development campus at Manikonda, Hyderabad.  
  • 2001 December - Infotech Enterprises announces the opening of the state-of-the-art engineering services facility in Bangalore, India  
  • 2002 February - Infotech Enterprises announces strategic business relationship with Pratt and Whitney Division of United Technologies Corporation, a Fortune 100 company. Pratt and Whitney to participate with up to 18% equity stake in Infotech, demonstrating long term partnering intent and endorsing Infotech Business competence  
  • 2002 September - Infotech Bags The Federation Of Andhra Pradesh Chambers of Commerce & Industry (FAPPCI) best Information Technology (IT) industry of the state of Andhra Pradesh -2001-2002  
  • 2003 September - Infotech announces the inauguration of a new development centre in Puerto Rico to provide engineering design services and it signs long term outsourcing contact with Bombardier Transportation to provide Engineering Services in India  
  • 2004 January - Infotech Enterprises acquires VARGIS -- a GIS Company in the US  
  • 2004 September - Infotech divests 51% of its stake in Infotech Aerospace Services Inc in favor of United Technologies International Corporation  
  • 2005 March - Infotech acquires Tele Atlas India. Tele Atlas parent company joins as a strategic partner with preferential allotment of shares  
  • 2005 March - Infotech opens branch office in Singapore  
  • 2005 April -  Infotech opens branch office in Melbourne, Australia  
  • 2005 May - Inaugurated Geospatial production facility at Frostburg, Maryland, USA  
  • 2005 September - Won a landmark GIS contract from KPN Telecom and also signs a 5-year major Engineering Design Agreement with Alstom Transport  
  • 2006 March - Signs a major GIS contract with GE for Swisscom and Attained AS9100 certification for MFG-SBI 
  • 2007 February - Infotech Enterprises set-up a development center at Kakinada at the newly developed STPI facility 
  • 2007 May - Joint venture between Infotech and HAL 
  • 2007 June - Joint venture between Infotech and Geospace Integra 
  • 2008 March - Infotech GIS forays into Oil and Gas. Signed contract with IHS 
  • 2008 March - TeleAtlas extends relationship with Infotech – signs another multi year contract. 
  • 2008 May - Infotech signs a three year GIS and data management contract with Powercor, Australia & Citipower limited. 
  • 2008 July - Infotech signs a MoU with Dassault Aviation. 
  • 2008 July - Infotech enters a strategic partnership with Alten Group, S.A. France.
  • 2008 August - Commences operations in Japan. 
  • 2008 September - Infotech acquired TTM (Time to Market), forays into Hitech Industry. 
  • 2008 September - Won the GITA excellence award for EGIS implementation from GITA ANZ 
  • 2008 September - Infotech’s own facility at Noida inaugurated. 
  • 2008 October - Bombardier Transportation renews multi year term contract with Infotech.  
  • 2008 December - Inaugurated a Centre of Excellence for Terex in its Bangalore facility.  
  • 2009 January - Awarded RBNQA Performance Excellence Trophy
  • '2011 - Infotech establishes Integrated Global Aerospace PracticeAwarded ''Supplier of the Year'' by Boeing.Infotech Enterprises Receives Award for its Contribution to German-Indian Business Relationsnfotech Enterprises Ltd. wins Asia's Best Employer Brand Awards 2011 for 'Innovation in Retention Strategy'.
  • 2012 - Infotech Enterprises wins Golden Peacock Award for Demonstrated Excellence in Corporate Governance.
  • 2014- Infotech Enterprises Limited adopted the Cyient name.
  • 2015- Cyient was recognized with the 2015 Supplier of the Year Award by Boeing for the third time, on April 13, 2016.
  • 2016- Cyient to establish a state-of-the-art technology development center in Warangal
  • 2016-: Cyient Inaugurates Global Design Center in Bengaluru for SMEC
  • 2016- Zinnov Zones 2016 Rates Cyient in the Leadership Zone in Four Industry Verticals.
  • 2017- Cyient Partners with ANSYS to Accelerate Innovation and Proof of Concept Designs across Industries.
  • 2017- Cyient Recognized as ‘Leaders in Corporate Innovation’ by Indo-American Chamber of Commerce (IACC).
  • 2018- Cyient Featured in the Top 20 Most Promising Aerospace Tech Solutions Providers List.
  • 2019- Cyient Positioned as an “Established and Expansive” Player in Zinnov Zones’ ER&D Services Report for 2018.
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