Cyient

₹943 -2.3 | 0.2%

WEBSITE BSE:532175 NSE : CYIENT 23 Mar, 16:01

Market Cap ₹10430 Cr.

Stock P/E 20.6

P/B 3.1

Current Price ₹943

Book Value ₹ 301.8

Face Value 5

52W High ₹983.9

Dividend Yield 2.54%

52W Low ₹ 724

Edit Ratio

Cyient Research see more...

Equity Research: Cyient Ltd

Overview Inc. Year: 1991Industry: IT - Software

Cyient Ltd provides geospatial, engineering layout, IT solutions, and statistics analytic offerings in North America, Europe, and the Asia Pacific. The employer operates thru segments, Services and Design Led Manufacturing. It offers engineering services, which includes structures, mechanical, electric, manufacturing, plant, community, and field engineering, as well as aftermarket, embedded systems, and intellectual property and allied services. The organization also offers electronic and mechanical production offerings; and analytics, big data consulting, and Internet of Things and M2M offerings. In addition, it offers geospatial offerings, which includes data acquisition, remote sensing, photogrammetry, navigational facts mapping, and region-primarily based services. Further, the organisation provides digitization of drawings and maps, laptop aided layout/engineering, layout and modelling, repair development engineering, reverse engineering application software development, software program products development, consulting, analytics, and implementation services. The corporation serves aerospace and defense, automobile, communications, energy, geospatial, commercial and heavy system, medical technology and healthcare, mining, oil and gas, energy era, rail transportation, semiconductor, and utilities industries. The organization was previously known as Infotech Enterprises Ltd and changed its name to Cyient Ltd in May 2014. Cyient Ltd was incorporated in 1991 and is founded in Hyderabad, India.

Quarterly Price

Quarterly Monthly

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Peer Comparison

Cyient Quarterly Results

#(Fig in Cr.)	Sep 2020	Dec 2020	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022
Net Sales	1003	1044	1093	1058	1112	1183	1181	1250	1396	1618
Other Income	19	22	40	26	15	22	49	34	20	28
Total Income	1022	1066	1133	1084	1127	1206	1231	1284	1416	1646
Total Expenditure	854	881	939	872	904	972	969	1057	1192	1335
Operating Profit	168	186	195	212	222	234	262	227	224	311
Interest	10	12	11	10	9	11	10	16	31	26
Depreciation	48	49	49	49	52	49	43	51	63	70
Exceptional Income / Expenses	0	0	0	0	0	0	0	0	-22	-9
Profit Before Tax	109	125	135	154	162	175	209	160	109	206
Provision for Tax	25	30	32	39	40	43	54	43	29	50
Profit After Tax	84	95	103	115	121	132	154	116	79	156
Adjustments	0	0	0	0	0	0	0	0	0	0
Profit After Adjustments	84	95	103	115	121	132	154	116	79	156
Adjusted Earnings Per Share	7.6	8.7	9.4	10.5	11	12	14	10.5	7.2	14.1

Cyient Profit & Loss

#(Fig in Cr.)	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	TTM
Net Sales	1553	1873	2206	2736	3094	3586	3914	4618	4427	4132	4534	5445
Other Income	32	40	52	131	125	107	152	153	158	167	112	131
Total Income	1585	1914	2259	2867	3219	3693	4066	4770	4586	4299	4647	5577
Total Expenditure	1298	1533	1832	2344	2684	3122	3379	4004	3879	3584	3717	4553
Operating Profit	287	380	427	523	535	570	687	767	707	715	930	1024
Interest	1	0	1	6	16	17	20	33	49	43	39	83
Depreciation	49	64	72	71	89	95	105	111	188	195	192	227
Exceptional Income / Expenses	-2	-2	0	0	-9	-26	-5	-4	0	0	0	-31
Profit Before Tax	235	315	354	446	421	432	557	619	471	477	698	684
Provision for Tax	84	97	103	110	101	105	138	143	127	113	176	176
Profit After Tax	151	218	251	336	320	327	419	477	344	364	522	505
Adjustments	10	13	15	-336	5	17	-13	2	-1	0	0	0
Profit After Adjustments	161	231	266	0	326	344	405	479	343	364	522	505
Adjusted Earnings Per Share	14.5	20.7	23.8	0	29	30.5	36	43.3	31.1	33.1	47.3	45.8

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	10%	-1%	5%	11%
Operating Profit CAGR	30%	7%	10%	12%
PAT CAGR	43%	3%	10%	13%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	1%	60%	7%	19%
ROE Average	17%	15%	17%	17%
ROCE Average	22%	19%	21%	22%

Cyient Balance Sheet

#(Fig in Cr.)	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022
Shareholder's Funds	1157	1323	1588	1844	1831	2117	2344	2564	2561	2957	3117
Minority's Interest	0	0	0	12	7	3	0	-2	-3	-3	-3
Borrowings	0	0	0	47	68	49	63	112	86	88	45
Other Non-Current Liabilities	42	39	218	357	141	472	610	725	765	810	845
Total Current Liabilities	198	245	489	759	667	1089	1146	1349	1539	1494	1756
Total Liabilities	1397	1606	2296	3020	2713	3730	4163	4748	4948	5346	5759
Fixed Assets	327	335	337	789	657	751	798	978	1305	1361	1345
Other Non-Current Assets	118	151	349	495	265	650	736	826	725	707	981
Total Current Assets	953	1119	1610	1736	1792	2329	2630	2945	2918	3278	3433
Total Assets	1397	1606	2296	3020	2713	3730	4163	4748	4948	5346	5759

Cyient Cash Flow

#(Fig in Cr.)	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022
Opening Cash & Cash Equivalents	349	453	496	689	570	683	857	962	910	900	1399
Cash Flow from Operating Activities	126	140	227	362	278	420	296	370	582	856	635
Cash Flow from Investing Activities	-7	-73	-18	-528	-85	-180	-87	-220	-157	-101	-382
Cash Flow from Financing Activities	-29	-42	-43	-32	-111	-93	-136	-232	-446	-253	-545
Net Cash Inflow / Outflow	90	25	167	-198	82	146	74	-82	-21	503	-292
Closing Cash & Cash Equivalent	453	496	689	570	683	857	960	910	900	1399	1112

Cyient Ratios

#	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022
Earnings Per Share (Rs)	14.48	20.7	23.76	0	28.96	30.53	36	43.34	31.14	33.07	47.31
CEPS(Rs)	18.02	25.24	28.83	36.24	36.38	37.53	46.53	53.26	48.33	50.75	64.72
DPS(Rs)	2.5	4.5	5	8	7	10.5	13	15	15	17	24
Book NAV/Share(Rs)	103.89	118.47	141.86	164.12	162.68	186.21	206.2	231.61	231.85	267.35	280.2
Core EBITDA Margin(%)	16.43	18.15	16.98	14.32	13.24	12.85	13.67	13.3	12.4	13.27	18.04
EBIT Margin(%)	15.17	16.82	16.1	16.49	14.11	12.45	14.73	14.12	11.73	12.59	16.27
Pre Tax Margin(%)	15.12	16.81	16.04	16.28	13.58	11.97	14.21	13.41	10.63	11.55	15.4
PAT Margin (%)	9.75	11.65	11.37	12.28	10.32	9.08	10.69	10.32	7.77	8.8	11.52
Cash Profit Margin (%)	12.93	15.04	14.63	14.88	13.18	11.72	13.37	12.73	12.01	13.51	15.76
ROA(%)	11.73	14.53	12.85	12.64	11.17	10.16	10.61	10.7	7.09	7.07	9.41
ROE(%)	13.84	17.6	17.23	19.57	17.43	16.68	18.95	19.54	13.46	13.25	17.31
ROCE(%)	21.5	25.37	24.35	25.17	21.68	20.53	23.29	23.45	17.58	16.65	21.96
Receivable days	73.35	74.24	72.32	67.6	67.54	63.97	62.47	59.48	63.48	67.52	61.82
Inventory Days	0	0	0	8.08	9.33	9.69	10.47	12.43	16.9	17.02	17.61
Payable days	0	0	0	1788.37	565.93	467.23	459.67	327.63	345.69	286.46	313.15
PER(x)	10.31	8.17	13.76	0	14.69	15.35	19.13	14.95	7.38	19.61	19.64
Price/Book(x)	1.44	1.43	2.31	3.07	2.61	2.52	3.34	2.8	0.99	2.43	3.32
Dividend Yield(%)	1.67	2.66	1.53	1.59	1.65	2.24	1.89	2.31	6.53	2.62	2.58
EV/Net Sales(x)	0.78	0.74	1.35	1.89	1.39	1.29	1.8	1.42	0.45	1.45	2.05
EV/Core EBITDA(x)	4.23	3.65	6.97	9.92	8.04	8.08	10.27	8.54	2.81	8.38	10.02
Net Sales Growth(%)	30.7	20.6	17.8	24	13.09	15.89	9.15	17.98	-4.12	-6.66	9.73
EBIT Growth(%)	46.61	33.73	12.71	27.07	-3.04	2.61	28.53	12.96	-20.33	0.19	41.76
PAT Growth(%)	13.99	44.12	14.96	33.94	-4.71	2.25	27.93	13.83	-27.86	5.82	43.57
EPS Growth(%)	15.38	42.94	14.75	-100	0	5.43	17.92	20.38	-28.16	6.22	43.05
Debt/Equity(x)	0	0	0	0.08	0.12	0.1	0.12	0.14	0.16	0.11	0.11
Current Ratio(x)	4.82	4.57	3.29	2.29	2.69	2.14	2.29	2.18	1.9	2.19	1.96
Quick Ratio(x)	4.82	4.57	3.29	2.21	2.54	2.05	2.18	2.05	1.75	2.09	1.8
Interest Cover(x)	320.99	1096.28	259.81	78.41	26.68	26.1	28.29	20	10.69	12.02	18.77
Total Debt/Mcap(x)	0	0	0	0.03	0.04	0.04	0.04	0.05	0.16	0.04	0.03

Cyient Shareholding Pattern

#	Sep 2020	Dec 2020	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022
Promoter	23.48	23.48	23.47	23.45	23.43	23.41	23.41	23.4	23.37	23.36
FII	34.38	35.7	38.47	38.34	35.56	34.72	34.02	32.68	32.62	31.07
DII	23.47	22.67	21.24	21.3	22.9	22.76	23.33	23.88	23.69	24.92
Public	18.67	18.15	16.83	16.91	18.11	19.11	19.25	20.04	20.31	20.64
Others	0	0	0	0	0	0	0	0	0	0
Total	100	100	100	100	100	100	100	100	100	100

#	Sep 2020	Dec 2020	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022
Promoter	2.58	2.58	2.58	2.58	2.58	2.58	2.58	2.58	2.58	2.58
FII	3.78	3.93	4.23	4.22	3.92	3.83	3.75	3.61	3.6	3.43
DII	2.58	2.49	2.34	2.35	2.52	2.51	2.57	2.64	2.62	2.75
Public	2.05	2	1.85	1.86	2	2.11	2.12	2.21	2.24	2.28
Others	0	0	0	0	0	0	0	0	0	0
Total	11	11	11	11.01	11.02	11.03	11.03	11.04	11.05	11.05