Cyient Ltd - Stock Valuation and Financial Performance

BSE: 532175 | NSE: CYIENT | IT - Software | Small Cap

Cyient Share Price

2,099.35 0.85 0.04%
as on 12-Apr'24 10:20

DeciZen - make an informed investing decision on Cyient

Overall Rating
Bole Toh

1. Quality

2. Valuation


3. Price Trend

Semi Strong

Cyient stock performance -

mw4me loader
P/E Ratio (CD):
Market Cap:
23,270.2 Cr.
52-wk low:
52-wk high:

Is Cyient Ltd an attractive stock to invest in?

1. Is Cyient Ltd a good quality company?

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

2. Is Cyient Ltd undervalued or overvalued?

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

3. Is Cyient Ltd a good buy now?

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.

10 Year X-Ray of Cyient:

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

Value Creation Index Colour Code Guide

ROCE % 20%17.5%14.9%16.1%15.2%18.4%11.4%13.5%15.6%15.4%-
Value Creation

Growth Parameters

Growth Parameters Colour Code Guide

Sales 2,2062,7363,0943,5863,9144,6184,4274,1324,5346,0167,038
Sales YoY Gr.-24%13.1%15.9%9.2%18%-4.1%-6.7%9.7%32.7%-
Adj EPS 2627.725.930.
YoY Gr.-6.7%-6.7%16.9%6.5%37.1%-37.7%29.3%26.8%7.2%-
BVPS (₹) 141.9164.1162.7186.2206.2231.6231.9267.4280.2309377.9
Adj Net
Cash Flow from Ops. 227362278420296370582856635554-
Debt/CF from Ops.


CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 11.8%9%10.8%32.7%
Adj EPS 7.1%8.4%20.7%7.2%
Share Price 20.7% 29.2% 46.9% 91.7%

Key Financial Parameters

Performance Ratio Colour Code Guide

Return on
Equity %
Op. Profit
Mgn %
Net Profit
Mgn %
Debt to
Working Cap
Cash Conv.

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 17.20%

Sales growth is growing at healthy rate in last 3 years 10.76%

Net Profit is growing at healthy rate in last 3 years 20.66%

Sales growth is good in last 4 quarters at 30.78%

No data to display

Latest Financials - Cyient Ltd.

Standalone Consolidated
TTM EPS (₹) 44.6 59.2
TTM Sales (₹ Cr.) 2,447 7,038
BVPS (₹.) 265.6 377.9
Reserves (₹ Cr.) 2,890 4,135
P/BV 7.90 5.55
PE 47.10 35.43
From the Market
52 Week Low / High (₹) 1051.35 / 2457.00
All Time Low / High (₹) 4.15 / 2457.00
Market Cap (₹ Cr.) 23,270
Equity (₹ Cr.) 55.4
Face Value (₹) 5
Industry PE 34.2

Management X-Ray of Cyient:

Shareholding Pattern

Promoter's Holding & Share Pledging

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

Event Update

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Analyst's Notes

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
Operating Expenses 1,8322,3442,6843,1223,3794,0043,8793,5843,7175,014
Manufacturing Costs87103118134149171170158189286
Material Costs046189274307419392526571696
Employee Cost 1,3681,6761,8132,0492,1882,5472,4782,1612,2673,026
Other Costs 3775205646667358688397396911,006
Operating Profit 3753924114645356145495488181,002
Operating Profit Margin (%) 17.0%14.3%13.3%12.9%13.7%13.3%12.4%13.3%18.0%16.6%
Other Income 5213111210715215315816711283
Interest 1616172033494339100
Depreciation 72718995105111188195192257
Exceptional Items 00-9-26-5-4000-47
Profit Before Tax 354446421444541620468477698681
Tax 103110101105138143127113176167
Profit After Tax 251336320340403477341364522514
PAT Margin (%) 11.4%12.3%10.3%9.5%10.3%10.3%7.7%8.8%11.5%8.6%
Adjusted EPS (₹)23.831.429.030.536.043.331.133.147.346.5
Dividend Payout Ratio (%)21%25%24%34%36%35%48%51%51%56%

Balance Sheet

(All Figures are in Crores.)

Equity and Liabilities

Shareholders Fund 1,5881,8441,8292,0972,3222,5572,5502,9413,0933,418
Share Capital 56565656565555555555
Reserves 1,5321,7881,7722,0402,2662,5022,4952,8863,0383,363
Minority Interest012730-2-3-3-3-3
Long Term Debt04768496311286882494
Short Term Debt681115116178214288230282400
Trade Payables175275310392381370373453526714
Others Liabilities 5277603851,0731,2191,4981,6541,6378631,477
Total Liabilities 2,2963,0202,7133,7304,1634,7484,9485,3464,7636,500

Fixed Assets

Gross Block8001,3581,3071,4391,5771,8552,2762,4392,5414,267
Accumulated Depreciation4635706506887798779711,0781,1961,442
Net Fixed Assets3377896577517989781,3051,3611,3452,825
CWIP 710102752104146881345
Investments 93101160196143554134445518
Trade Receivables4805346156506918147268037331,127
Cash Equivalents 6916236958789819719521,4651,267719
Others Assets6899034791,1361,3681,6441,5511,437681830
Total Assets 2,2963,0202,7133,7304,1634,7484,9485,3464,7636,500

Cash Flow

(All Figures are in Crores.)
Cash Flow From Operating Activity 227362278420296370582856635554
PBT 354446421444557619471477698681
Adjustment 43054397164225239199350
Changes in Working Capital -6733-9437-166-17133269-97-349
Tax Paid -102-117-102-100-165-142-146-129-165-129
Cash Flow From Investing Activity -18-528-85-180-87-220-157-101-382-1,033
Capex 02-55-104-147-144-214-95-85-964
Net Investments 216-119-24-22482327-325-66
Others -39-53688-5382-12433-3228-3
Cash Flow From Financing Activity -43-32-111-93-136-232-446-253-545-109
Net Proceeds from Shares 57221224128
Net Proceeds from Borrowing 04134-4105032-39-45148
Interest Paid -1-6-18-17-19-30-29-21-17-66
Dividend Paid -50-67-134-62-157-112-263-1-295-263
Others 4-76-1130-141-188-195-20063
Net Cash Flow 167-1988214674-82-21503-292-588
ROE (%)17.2319.5717.4317.318.2519.5613.3613.2517.3115.8
ROCE (%)24.3525.1721.6821.122.6623.4717.4916.6521.9619.92
Asset Turnover Ratio1.
PAT to CFO Conversion(x)
Working Capital Days
Receivable Days72686864625963686256
Inventory Days08910101217171822
Payable Days01,788566467460328346286313325

Cyient Ltd Stock News

Cyient Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Cyient on 12-Apr-2024 10:20 is ₹2,099.4.
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 12-Apr-2024 10:20 the market cap of Cyient stood at ₹23,270.2.
The latest P/E ratio of Cyient as of 12-Apr-2024 10:20 is 47.10.
The latest P/B ratio of Cyient as of 12-Apr-2024 10:20 is 7.90.
The 52-week high of Cyient is ₹2,457 and the 52-week low is ₹1,051.4.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Cyient is ₹2,447 ( Cr.) .

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


  • 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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