Cyient Ltd

Cyient Ltd

₹ 1,891 -0.67%
24 Apr - close price
About

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]

Key Points

World's Leading Outsourcing company ** Cyient is one among the world's top 30 outsourcing companies**[1] and operates through eight strategic business units: Aerospace & Defense; Transportation; Industrial, energy and natural resources; Semiconductor, Internet of things and Analytics; Medical and Healthcare; Utilities & Geospatial; Communications and Design-led-manufacturing (Cyient DLM).[2]
Cyient DLM’s IPO was completed in July-2023 with proceeds of ~700 crore.[3]
Cyient has its headquarters and development facilities in India and serves a global customer base through its subsidiaries and joint ventures in the USA, UK, Germany, Japan, Australia, Singapore, and India.[4]

  • Market Cap 20,987 Cr.
  • Current Price 1,891
  • High / Low 2,459 / 1,150
  • Stock P/E 42.5
  • Book Value 253
  • Dividend Yield 1.37 %
  • ROCE 17.2 %
  • ROE 13.4 %
  • Face Value 5.00

Pros

  • Company is almost debt free.
  • Company has been maintaining a healthy dividend payout of 65.0%

Cons

  • Stock is trading at 7.46 times its book value
  • The company has delivered a poor sales growth of 9.13% over past five years.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
350 339 388 429 456 477 509 517 605 597 624 628 598
253 257 269 311 312 347 394 434 448 442 436 448 439
Operating Profit 98 82 120 119 144 130 115 82 157 155 188 180 159
OPM % 28% 24% 31% 28% 32% 27% 23% 16% 26% 26% 30% 29% 27%
23 8 28 16 24 207 29 14 22 18 8 5 48
Interest 5 3 3 2 3 3 3 4 4 5 5 3 7
Depreciation 24 22 25 24 25 23 28 30 27 28 23 23 24
Profit before tax 93 65 120 108 141 312 112 63 147 139 167 158 176
Tax % 18% 29% 24% 22% 25% 8% 26% 23% 24% 20% 24% 26% 22%
76 46 92 84 106 287 83 48 111 112 127 118 137
EPS in Rs 6.88 4.19 8.31 7.61 9.64 26.05 7.53 4.39 10.07 10.12 11.51 10.61 12.40
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Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
864 1,052 1,224 1,294 1,246 1,292 1,440 1,615 1,523 1,380 1,750 2,228 2,447
653 769 880 992 995 1,012 1,065 1,184 1,202 1,037 1,238 1,718 1,765
Operating Profit 211 282 344 302 250 280 375 431 321 343 513 510 682
OPM % 24% 27% 28% 23% 20% 22% 26% 27% 21% 25% 29% 23% 28%
54 36 52 103 106 62 203 162 127 120 275 82 78
Interest 1 0 0 1 0 1 1 1 15 15 10 17 21
Depreciation 41 56 65 62 68 54 51 51 99 96 97 114 98
Profit before tax 223 261 332 343 288 287 526 541 334 352 681 462 640
Tax % 29% 29% 23% 21% 19% 17% 24% 19% 26% 21% 16% 23%
159 184 255 271 234 237 402 441 248 278 569 355 494
EPS in Rs 14.24 16.52 22.77 24.13 20.76 21.05 35.69 38.98 22.55 25.27 51.59 32.09 44.64
Dividend Payout % 18% 27% 22% 33% 34% 50% 36% 38% 67% 67% 47% 81%
Compounded Sales Growth
10 Years: 8%
5 Years: 9%
3 Years: 14%
TTM: 16%
Compounded Profit Growth
10 Years: 7%
5 Years: -2%
3 Years: 13%
TTM: -7%
Stock Price CAGR
10 Years: 19%
5 Years: 27%
3 Years: 40%
1 Year: 63%
Return on Equity
10 Years: 17%
5 Years: 16%
3 Years: 16%
Last Year: 13%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 56 56 56 56 56 56 56 55 55 55 55 55 55
Reserves 979 1,111 1,330 1,524 1,621 1,826 2,005 2,181 2,043 2,343 2,544 2,648 2,753
-0 -0 -0 -0 -0 -0 -0 -0 136 104 116 136 131
162 217 236 260 244 281 340 344 438 537 472 559 576
Total Liabilities 1,197 1,384 1,622 1,841 1,922 2,163 2,401 2,580 2,673 3,039 3,186 3,398 3,516
288 312 313 309 272 256 254 266 436 372 377 474 449
CWIP 17 23 4 3 1 16 46 76 63 77 7 0 9
Investments 167 206 185 480 538 553 577 538 511 501 891 1,509 1,479
725 844 1,121 1,049 1,112 1,338 1,523 1,700 1,664 2,089 1,911 1,414 1,580
Total Assets 1,197 1,384 1,622 1,841 1,922 2,163 2,401 2,580 2,673 3,039 3,186 3,398 3,516

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
113 123 144 216 258 236 240 230 342 648 301 265
14 -48 59 -283 -46 -2 18 40 -54 -34 -153 -692
-31 -39 -47 -72 -160 -74 -189 -288 -407 -44 -428 -333
Net Cash Flow 95 35 156 -139 52 160 68 -18 -119 570 -279 -760

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 77 63 79 84 82 83 105 115 136 114 96 116
Inventory Days
Days Payable
Cash Conversion Cycle 77 63 79 84 82 83 105 115 136 114 96 116
Working Capital Days 55 48 69 80 78 86 99 127 119 77 90 103
ROCE % 23% 24% 26% 23% 18% 17% 26% 25% 16% 16% 27% 17%

Shareholding Pattern

Numbers in percentages

3 Recently
Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
23.45% 23.43% 23.41% 23.41% 23.40% 23.37% 23.36% 23.35% 23.35% 23.20% 23.20% 23.17%
38.34% 35.56% 34.72% 34.02% 32.68% 32.62% 31.07% 32.61% 36.57% 35.71% 34.11% 31.04%
21.30% 22.90% 22.76% 23.33% 23.88% 23.69% 24.92% 24.88% 21.31% 21.57% 22.69% 25.91%
16.91% 18.11% 19.11% 19.25% 20.04% 19.35% 19.67% 18.18% 17.86% 18.63% 19.13% 19.00%
0.00% 0.00% 0.00% 0.00% 0.00% 0.98% 0.98% 0.98% 0.92% 0.90% 0.89% 0.88%
No. of Shareholders 74,80597,7481,15,8661,16,2971,25,9901,24,6231,22,8521,21,5411,31,5071,45,6151,60,9211,62,068

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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