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Cyient Ltd

CYIENT NSE

Key Fundamentals

MicrocapIT Enabled ServicesInformation Technology
Market Cap
₹9,524 Cr
Volatility
Moderate
P/E Ratio
25.22
EBITDA
₹1,088 Cr
Return on Equity
7.51%
Debt to Equity
0.08
Book Value
₹511.21
EPS
₹63.07
52W High
₹1,284.7
52W Low
₹750.3

Insights

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

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Technical Indicators

Key Insights

Strengths

2
  • Company is almost debt free.
  • Company has been maintaining a healthy dividend payout of 45.7%

Weaknesses

3
  • The company has delivered a poor sales growth of 12.0% over past five years.
  • Promoter holding is low: 24.7%
  • Company has a low return on equity of 12.8% over last 3 years.

Growth Rate

Revenue Growth
-0.16% ↘
Net Income Growth
-28.58% ↘
Cash Flow Change
-0.32% ↘
ROE
-33.24% ↘
ROCE
-31.50% ↘
EBITDA Margin (Avg.)
-12.15% ↘

AI Analysis — Bull vs Bear

Anthropic anthropic claude-opus-4.6 18d ago
AI opinion · based on fundamentals
Risk high

Cyient Ltd trades at a market cap of ₹9,404 Cr with a P/E of 22.7x while experiencing a sharp TTM profit decline of -35%. The company remains nearly debt-free with a healthy 1.89% dividend yield, but faces headwinds from slowing growth and a compressed return on equity that fell to 9% last year from a 5-year average of 14%.

Bull Case 7
  • Company is almost debt-free, providing strong balance sheet resilience and financial flexibility in a cyclical IT services environment
  • Healthy dividend payout ratio of 45.7% with a current dividend yield of 1.89%, well above the IT sector median
  • 10-year compounded sales CAGR of 9% demonstrates a long-term track record of sustained revenue growth
  • 5-year compounded sales CAGR of 12% indicates the company was on a reasonable growth trajectory before the recent slowdown
  • P/B ratio of 1.66x suggests the stock is not excessively priced relative to book value for an IT services company
  • 5-year compounded profit CAGR of 5% shows the company has been profitable on a longer-term basis despite recent weakness
  • 10-year ROE average of 15% indicates the business model has historically generated reasonable returns on shareholder capital
Bear Case 8
  • TTM profit growth of -35% signals a severe earnings contraction that has materially compressed profitability
  • Stock price CAGR of -30% over 1 year reflects significant market de-rating and loss of investor confidence
  • ROE has deteriorated sharply from a 5-year average of 14% to just 9% last year, indicating declining capital efficiency
  • 3-year stock price CAGR of -17% shows the underperformance is not just a short-term blip but a sustained trend
  • Promoter holding at 24.7% is notably low, raising concerns about alignment of interest and vulnerability to hostile actions
  • TTM sales growth of only 3% indicates near-stagnation in revenue momentum
  • 3-year compounded profit CAGR of -5% shows earnings have been contracting on a medium-term basis
  • 3-year ROE of only 12.8% is below the cost of equity for most IT companies, suggesting suboptimal value creation

This is AI-generated analysis, not financial advice. Do your own due diligence.

AI News Digest

Anthropic anthropic claude-opus-4.6 15d ago
Headwinds 2
  • Net profit down 20% YoY Jul 26

    Despite 21% revenue growth to ₹20,757M in Q1FY27, net profit fell 20% YoY to ₹1,041M due to higher costs and compressed margins.

  • EBIT margin under 10% Jul 23

    Q1FY27 EBIT margin stood at 9.01% (up from 8.10% QoQ but still subdued), with revenue of $219M indicating margin pressure from rising costs.

Positives 4
  • ₹720 crore buyback completed Jul 9

    Cyient extinguished 64 lakh shares at ₹1,125 each, reducing equity capital to 10.47 crore shares. Post-buyback announcement published July 9, 2026.

  • Net profit nearly doubles QoQ Jul 24

    Consolidated net profit surged to ₹1.04B from ₹548M sequentially, with EBIT rising to ₹1.88B and EBIT margin expanding to 9.01% from 8.10% QoQ.

  • Andrew Smith elevated to COO Jul 25

    Andrew Smith appointed COO effective July 24, 2026, overseeing global delivery operations while continuing to lead the Transportation business unit.

  • TAO Digital acquisition announced Jul 23

    Cyient announced the acquisition of TAO Digital Solutions alongside Q1FY27 results, expanding its digital capabilities.

Neutral 4
  • CFO guides stronger H2 sales Jul 31

    CFO expects broad-based margin recovery in coming quarters with H2 (Oct–Mar) sales anticipated much higher than H1. Aerospace vertical growth to continue at current levels.

  • Revenue surges 21% YoY Jul 26

    Q1FY27 revenue rose 21% YoY to ₹20,757M driven by contract wins, though profitability lagged due to cost headwinds.

  • Investor Day on Aug 25 Jul 23

    Cyient scheduled an Investor Day in Mumbai on August 25, 2026 to provide strategic direction and business outlook updates to stakeholders.

  • Q1 FY27 earnings call held Jul 24

    Earnings conference call held July 23, 2026 at 6:30 PM IST with senior management. Audio recording made available via investor relations page.

TL;DR: Cyient delivered strong 21% YoY revenue growth and a near-doubling of profit sequentially in Q1FY27, but YoY profit decline of 20% and sub-10% EBIT margins highlight ongoing cost pressures. The completed ₹720 crore buyback and COO appointment signal management confidence. CFO guidance for margin recovery and stronger H2 sales suggests the trend is improving, though execution on margin expansion remains the key monitorable heading into H2.

Quarterly Results

  Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales
1,686
1,778
1,821
1,861
1,676
1,849
1,926
1,909
1,712
1,781
1,848
1,927
2,076
Expenses
1,371
1,453
1,495
1,526
1,411
1,552
1,648
1,611
1,484
1,567
1,614
1,705
1,813
Operating Profit
316
326
326
335
265
297
278
298
228
214
235
222
263
OPM %
19%
18%
18%
18%
16%
16%
14%
16%
13%
12%
13%
12%
13%
Other Income
-1
7
-32
23
21
51
-17
41
70
71
-11
-45
7
Interest
28
27
29
32
26
28
20
19
16
16
14
14
22
Depreciation
68
66
66
67
66
66
68
68
68
72
70
68
77
PBT
219
240
200
259
195
254
174
252
214
197
139
95
171
Tax %
23%
24%
23%
24%
24%
27%
26%
26%
26%
27%
30%
31%
36%
Net Profit
169
184
153
197
148
187
128
186
157
143
97
66
109
EPS in Rs
15.2
16.1
13.28
17.06
12.97
16.14
11.02
15.35
13.85
11.48
8.26
4.93
9.37
Figures in ₹ Crores

Profit & Loss

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales
2,736
3,094
3,586
3,914
4,618
4,427
4,132
4,534
6,016
7,147
7,360
7,268
7,632
Expenses
2,335
2,680
3,109
3,394
3,985
3,881
3,557
3,717
5,013
5,844
6,222
6,369
6,699
Operating Profit
401
414
477
520
633
546
575
818
1,003
1,303
1,138
899
934
OPM %
15%
13%
13%
13%
14%
12%
14%
18%
17%
18%
15%
12%
12%
Other Income
122
112
79
147
131
158
140
112
35
-2
97
84
22
Interest
6
16
17
20
33
49
43
39
100
116
93
61
66
Depreciation
71
89
95
105
111
188
194
192
257
267
267
278
287
PBT
446
421
444
541
620
468
477
698
681
918
875
644
602
Tax %
25%
24%
24%
26%
23%
27%
24%
25%
24%
23%
26%
28%
—
Net Profit
351
320
340
403
477
341
364
522
514
703
648
463
414
EPS in Rs
31.43
28.94
30.54
36
42.33
31.14
33.06
47.35
46.52
61.57
55.45
38.51
34.04
Div. Payout %
25%
24%
34%
36%
35%
48%
51%
51%
56%
49%
47%
42%
—
Figures in ₹ Crores

Balance Sheet

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital
56
56
56
56
55
55
55
55
55
56
56
56
Reserves
1,788
1,774
2,061
2,288
2,509
2,506
2,902
3,061
3,411
4,203
5,254
5,626
Borrowings
147
214
211
283
368
711
577
573
1,218
788
513
431
Other Liabilities
582
668
798
773
927
870
940
1,072
1,815
1,883
1,798
2,137
Total Liabilities
2,574
2,713
3,126
3,400
3,860
4,142
4,475
4,762
6,500
6,928
7,621
8,250
Fixed Assets
789
657
751
798
978
1,305
1,361
1,345
2,825
2,826
2,929
3,084
CWIP
10
10
26
52
104
146
88
13
44
57
79
5
Investments
101
160
196
143
55
41
34
445
518
436
502
457
Other Assets
1,674
1,886
2,153
2,409
2,723
2,650
2,992
2,959
3,113
3,609
4,112
4,704
Total Assets
2,574
2,713
3,126
3,400
3,860
4,142
4,475
4,762
6,500
6,928
7,621
8,250
Figures in ₹ Crores

Cash Flow

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
362
278
420
296
370
582
856
634
554
726
790
787
Investing
-448
-54
-153
-57
-190
-146
-104
-377
-1,006
-537
-134
158
Financing
-32
-111
-93
-136
-232
-446
-253
-544
-109
-266
-58
-569
Net Cash Flow
-118
113
174
103
-52
-10
499
-287
-562
-77
598
376
Free Cash Flow
281
150
316
149
226
369
761
572
489
648
688
693
CFO/OP
119
92
109
89
81
133
171
98
68
77
92
118
Figures in ₹ Crores

Ratios

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days
71
72
66
64
64
60
71
59
68
64
70
66
Inventory Days
—
189
124
156
160
211
110
178
228
177
185
303
Days Payable
—
599
522
453
323
347
314
336
374
189
126
249
Cash Conversion Cycle
71
-337
-331
-233
-99
-76
-133
-99
-78
52
128
119
Working Capital Days
43
41
27
36
47
35
24
23
17
43
64
68
ROCE %
25%
22%
22%
23%
24%
17%
15%
20%
20%
22%
17%
12%

Shareholding Pattern

As of Jul 2026
DIIs 37.49%
Promoters 24.70%
Public 15.10%
FIIs 14.53%
Others 8.18%
Total 100.00%
  Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Jul 2026
Promoters
23.47%
23.45%
23.43%
23.41%
23.41%
23.40%
23.37%
23.36%
23.36%
23.35%
23.20%
23.20%
23.16%
23.16%
23.15%
23.14%
23.29%
23.28%
23.28%
23.29%
23.28%
23.28%
24.70%
FIIs
0.00%
0.00%
0.00%
1.36%
1.36%
1.36%
0.00%
0.00%
0.00%
0.00%
35.71%
0.00%
31.05%
29.47%
28.39%
28.23%
23.85%
21.37%
17.56%
15.28%
15.32%
14.52%
14.53%
DIIs
19.88%
19.94%
21.54%
21.40%
21.97%
22.52%
23.21%
24.95%
24.88%
21.31%
21.56%
21.52%
25.92%
27.09%
29.72%
30.32%
34.12%
35.63%
38.41%
39.49%
40.97%
39.00%
37.49%
Government
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
Public
10.27%
9.83%
10.28%
11.02%
11.51%
12.39%
11.91%
12.00%
11.59%
11.47%
12.11%
12.32%
12.19%
12.88%
11.69%
11.27%
11.60%
11.85%
12.82%
13.63%
12.89%
15.32%
15.10%
Others
46.38%
46.79%
44.75%
42.80%
41.75%
40.34%
41.50%
39.68%
40.17%
43.86%
7.42%
42.96%
7.68%
7.40%
7.05%
7.04%
7.14%
7.86%
7.93%
8.31%
7.53%
7.88%
8.18%
No. of Shareholders
0
57,316
74,805
97,748
1,15,866
1,16,297
1,25,990
1,24,623
1,21,541
1,31,507
1,45,615
1,60,921
1,62,068
1,81,640
1,82,884
1,76,902
1,85,366
2,09,171
2,12,929
2,14,071
2,06,248
2,61,505
2,26,950

Documents

1
Concall - Apr 2019 Apr 2019
2
Concall - Jul 2019 Jul 2019
3
Concall - Jul 2019 Jul 2019
4
Concall - Oct 2019 Oct 2019
5
Concall - Jan 2020 Jan 2020

Frequently Asked Questions about Cyient Ltd

What does Cyient Ltd do?
Cyient (formerly Infotech Enterprises Limited) is an Indian multinational technology company that is focused on engineering, manufacturing, data analytics, and networks and operations. Infotech Enterprises Ltd. was established in 1991 in Hyderabad.[1]
Where is Cyient Ltd (CYIENT) listed?
Cyient Ltd is listed on the Indian stock exchanges. It is listed on NSE: CYIENT and BSE: 532175. You can view its live share price, financials, and ratios on Tapetide.
Which sector does Cyient Ltd belong to?
Cyient Ltd operates in the Information Technology sector within the IT Enabled Services industry. Sector classification helps investors compare companies affected by similar economic conditions and regulatory changes.
What is the market capitalisation of Cyient Ltd?
Cyient Ltd has a market capitalisation of approximately ₹9523.74 Cr. Based on this, it is classified as a Mid Cap stock.
What is the PE ratio of Cyient Ltd?
The Price-to-Earnings (PE) ratio of Cyient Ltd is 25.22. The PE ratio compares a company's share price to its earnings per share and is commonly used to assess whether a stock is overvalued or undervalued relative to its peers.
What is the 52-week high and low of Cyient Ltd?
Over the past 52 weeks, Cyient Ltd has traded between a low of ₹750.3 and a high of ₹1,284.7. This range helps investors understand the stock's price volatility and recent trading levels.
Does Cyient Ltd pay dividends?
Yes, Cyient Ltd has a dividend yield of 1.84%. Dividend yield indicates the annual dividend income relative to the share price. A consistent dividend history can signal financial stability.
What is the Return on Equity (ROE) of Cyient Ltd?
Cyient Ltd has a Return on Equity (ROE) of 7.51%. ROE measures how effectively a company uses shareholders' equity to generate profits. A higher ROE generally indicates better capital efficiency.
How can I research Cyient Ltd on Tapetide?
On Tapetide, you can view Cyient Ltd's live share price, quarterly results, profit & loss statements, balance sheet, cash flow, key ratios, shareholding pattern, technical indicators, analyst ratings, and forecasts — all on a single page without needing to sign up.

Company Information

Cyient (formerly Infotech Enterprises Limited) is an Indian multinational technology company that is focused on engineering, manufacturing, data analytics, and networks and operations. Infotech Enterprises Ltd. was established in 1991 in Hyderabad.[1]

Website cyient.com
CEO Mr. Sukamal Banerjee
Employees 11,884
Listed 1998-09-30
Face Value ₹ 5
Issued Size 11,11,02,195

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