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Cyient DLM Ltd

CYIENTDLM NSE

Key Fundamentals

MicrocapIndustrial ProductsCapital Goods
Market Cap
₹5,944 Cr
Volatility
Moderate
P/E Ratio
71.19
EBITDA
₹163 Cr
Return on Equity
7.24%
Debt to Equity
0.17
Book Value
₹127.5
EPS
₹8.38
52W High
₹743
52W Low
₹265.2

Insights

Beta

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

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37 extracted metrics + investor summaries across FY23–FY26.

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Tapetide Score

Data-driven rating, 0–100. How it works →

Technical Indicators

Key Insights

Strengths

1
  • Company has reduced debt.

Weaknesses

5
  • Stock is trading at 5.77 times its book value
  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company has a low return on equity of 8.23% over last 3 years.
  • Promoter holding has decreased over last 3 years: -14.6%
  • Working capital days have increased from 118 days to 169 days

Growth Rate

Revenue Growth
-16.05% ↘
Net Income Growth
7.64% ↗
Cash Flow Change
186.39% ↗
ROE
0.98% ↗
ROCE
-6.10% ↗
EBITDA Margin (Avg.)
18.92% ↗

AI Analysis — Bull vs Bear

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

Cyient DLM Ltd operates in the capital goods sector with a market cap of ₹5,473 Cr and trades at a PE of 65.5x. The company has shown strong profit compounding at 32% CAGR over 3 years but TTM sales have declined 12%, while ROE remains modest at around 7-8%.

Bull Case 7
  • Compounded profit growth of 32% CAGR over 3 years indicates strong earnings trajectory
  • TTM profit growth of 26% shows continued earnings momentum despite revenue headwinds
  • Company has reduced debt, improving balance sheet health and financial flexibility
  • Compounded sales growth of 15% over 3 years demonstrates medium-term revenue expansion capability
  • Stock CAGR of 51% over 1 year reflects strong market confidence and re-rating in the capital goods space
  • 3-year stock CAGR of 10% suggests sustained investor interest since listing
  • Operating in the electronics manufacturing and design-led manufacturing space which is a structural growth theme in India's capital goods sector
Bear Case 8
  • PE of 65.5x is elevated, demanding significant future growth to justify current valuation
  • TTM sales have declined 12%, signaling near-term revenue contraction and potential demand softness
  • ROE of only 7-8% over last 3 years indicates poor capital efficiency relative to the premium valuation
  • Promoter holding has decreased by 14.6% over 3 years, raising governance and alignment concerns
  • Working capital days have increased from 118 to 169 days, indicating deteriorating cash conversion cycle
  • Price-to-book of 5.31x is expensive for a company generating single-digit ROE
  • Zero dividend yield despite repeated profitability suggests capital is not being returned to shareholders
  • Disconnect between profit growth (26% TTM) and sales decline (-12% TTM) warrants scrutiny on earnings quality and sustainability

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

AI News Digest

Anthropic anthropic claude-opus-4.6 16d ago
Neutral 3
  • Investor meet with major MFs Jul 25

    Cyient DLM hosting in-person investor/analyst meeting on July 28, 2026 with CEO and CFO addressing Axis MF, Bandhan MF, Moti MF, and DSP MF.

  • Q1 FY27 earnings call scheduled Jul 15

    Q1 FY27 results to be announced on July 21, 2026 with earnings conference call at 5:30 PM IST. Board meeting formally scheduled for the same date.

  • Independent Director tenure ends Jul 20

    Yadama Muralidhar ceased to be Independent Director on July 20, 2026 upon completion of his tenure. Routine board composition change.

TL;DR: A quiet period for Cyient DLM with no material positive or negative catalysts — only routine corporate governance updates and scheduled earnings disclosures. The investor meet with four mutual funds signals continued institutional interest. Key focus shifts to Q1 FY27 results for any operational or financial signals on the company's trajectory.

Quarterly Results

  Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales
217
292
321
362
258
389
444
428
278
311
303
369
374
Expenses
197
268
292
324
238
358
416
371
253
279
276
326
335
Operating Profit
20
24
29
38
20
32
28
57
25
31
28
43
39
OPM %
9%
8%
9%
11%
8%
8%
6%
13%
9%
10%
9%
12%
10%
Other Income
1
9
9
8
9
7
7
3
4
23
4
5
0
Interest
9
8
8
9
8
11
10
9
9
7
6
6
6
Depreciation
5
5
6
6
7
7
10
10
11
11
11
11
11
PBT
7
20
25
31
14
21
15
42
10
36
15
32
22
Tax %
23%
26%
25%
26%
25%
26%
27%
26%
26%
12%
25%
29%
27%
Net Profit
5
15
18
23
11
15
11
31
7
32
11
22
16
EPS in Rs
0.94
1.85
2.33
2.87
1.34
1.95
1.39
3.91
0.94
4.05
1.41
2.83
2.05
Figures in ₹ Crores

Profit & Loss

  Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales
832
1,192
1,520
1,261
1,357
Expenses
744
1,081
1,382
1,135
1,216
Operating Profit
88
111
137
127
141
OPM %
11%
9%
9%
10%
10%
Other Income
6
28
26
36
32
Interest
32
34
38
27
25
Depreciation
19
22
34
43
43
PBT
43
82
92
93
105
Tax %
26%
25%
26%
21%
—
Net Profit
32
61
68
73
82
EPS in Rs
6
7.72
8.58
9.23
10.34
Div. Payout %
0%
0%
0%
0%
—
Figures in ₹ Crores

Balance Sheet

  Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital
53
79
79
79
Reserves
145
830
870
933
Borrowings
356
192
301
172
Other Liabilities
551
502
443
458
Total Liabilities
1,105
1,603
1,694
1,642
Fixed Assets
161
192
346
355
CWIP
1
1
6
2
Investments
90
66
31
30
Other Assets
853
1,344
1,311
1,255
Total Assets
1,105
1,603
1,694
1,642
Figures in ₹ Crores

Cash Flow

  Mar 2023Mar 2024Mar 2025Mar 2026
Operating
54
-71
-62
54
Investing
-142
-428
127
167
Financing
72
479
-59
-188
Net Cash Flow
-16
-19
5
33
Free Cash Flow
46
-104
-112
9
CFO/OP
81
-46
-27
60
Figures in ₹ Crores

Ratios

  Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days
71
69
83
89
Inventory Days
240
184
188
314
Days Payable
161
123
82
133
Cash Conversion Cycle
150
131
189
270
Working Capital Days
-32
76
111
169
ROCE %
—
14%
11%
10%

Shareholding Pattern

As of Jun 2026
Promoters 52.11%
DIIs 29.19%
Public 16.24%
Others 2.21%
FIIs 0.25%
Total 100.00%
  Jan 2023Jun 2023Jul 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters
100.00%
66.66%
66.66%
66.66%
66.66%
66.66%
66.66%
52.16%
52.16%
52.16%
52.12%
52.12%
52.12%
52.12%
52.11%
FIIs
0.00%
0.00%
0.00%
0.00%
0.00%
7.04%
5.14%
7.76%
3.64%
2.38%
2.48%
2.19%
0.47%
0.79%
0.25%
DIIs
0.00%
10.29%
10.29%
10.58%
9.88%
12.57%
17.44%
27.77%
29.41%
28.65%
28.17%
28.73%
28.81%
26.67%
29.19%
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%
Public
0.00%
6.75%
6.75%
6.49%
7.77%
7.17%
8.87%
10.69%
12.79%
14.88%
15.29%
14.86%
16.03%
16.77%
16.24%
Others
0.00%
16.30%
16.30%
16.27%
15.69%
6.56%
1.89%
1.63%
2.00%
1.93%
1.94%
2.10%
2.56%
3.65%
2.21%
No. of Shareholders
1
44,791
44,791
47,883
59,711
57,978
77,906
93,934
1,05,489
1,08,911
1,10,618
1,06,970
1,03,765
1,04,644
98,926

Documents

Frequently Asked Questions about Cyient DLM Ltd

What does Cyient DLM Ltd do?
Cyient DLM is a leading electronics system design and manufacturing player, which provides system design, integration, testing, and manufacturing of electronic components and subsystems for original equipment manufacturers (OEMs) in the aerospace and defense sectors and other high-tech engineerin...
Where is Cyient DLM Ltd (CYIENTDLM) listed?
Cyient DLM Ltd is listed on the Indian stock exchanges. It is listed on NSE: CYIENTDLM and BSE: 543933. You can view its live share price, financials, and ratios on Tapetide.
Which sector does Cyient DLM Ltd belong to?
Cyient DLM Ltd operates in the Capital Goods sector within the Industrial Products industry. Sector classification helps investors compare companies affected by similar economic conditions and regulatory changes.
What is the market capitalisation of Cyient DLM Ltd?
Cyient DLM Ltd has a market capitalisation of approximately ₹5944.39 Cr. Based on this, it is classified as a Mid Cap stock.
What is the PE ratio of Cyient DLM Ltd?
The Price-to-Earnings (PE) ratio of Cyient DLM Ltd is 71.19. 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 DLM Ltd?
Over the past 52 weeks, Cyient DLM Ltd has traded between a low of ₹265.2 and a high of ₹743. This range helps investors understand the stock's price volatility and recent trading levels.
What is the Return on Equity (ROE) of Cyient DLM Ltd?
Cyient DLM Ltd has a Return on Equity (ROE) of 7.24%. 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 DLM Ltd on Tapetide?
On Tapetide, you can view Cyient DLM 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 DLM is a leading electronics system design and manufacturing player, which provides system design, integration, testing, and manufacturing of electronic components and subsystems for original equipment manufacturers (OEMs) in the aerospace and defense sectors and other high-tech engineering segments. It has customers in India, Europe, North America, China and Japan.[1]

Website cyientdlm.com
CEO Mr. Rajendra Velagapudi
Employees 859
Listed 2023-07-10
Face Value ₹ 10
Issued Size 7,93,64,396

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