Cyient Ltd
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]
- Market Cap ₹ 12,680 Cr.
- Current Price ₹ 1,141
- High / Low ₹ 1,845 / 1,050
- Stock P/E 22.5
- Book Value ₹ 501
- Dividend Yield 2.28 %
- ROCE 16.6 %
- ROE 12.8 %
- Face Value ₹ 5.00
Pros
- Company has reduced debt.
- Company is almost debt free.
- Company has been maintaining a healthy dividend payout of 50.5%
Cons
- Working capital days have increased from 41.4 days to 64.3 days
* 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.
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2,206 | 2,736 | 3,094 | 3,586 | 3,914 | 4,618 | 4,427 | 4,132 | 4,534 | 6,016 | 7,147 | 7,360 | 7,328 | |
| 1,796 | 2,335 | 2,680 | 3,109 | 3,394 | 3,985 | 3,881 | 3,557 | 3,717 | 5,013 | 5,844 | 6,222 | 6,310 | |
| Operating Profit | 410 | 401 | 414 | 477 | 520 | 633 | 546 | 575 | 818 | 1,003 | 1,303 | 1,138 | 1,019 |
| OPM % | 19% | 15% | 13% | 13% | 13% | 14% | 12% | 14% | 18% | 17% | 18% | 15% | 14% |
| 17 | 122 | 112 | 79 | 147 | 131 | 158 | 140 | 112 | 35 | -2 | 97 | 165 | |
| Interest | 1 | 6 | 16 | 17 | 20 | 33 | 49 | 43 | 39 | 100 | 116 | 93 | 72 |
| Depreciation | 72 | 71 | 89 | 95 | 105 | 111 | 188 | 194 | 192 | 257 | 267 | 267 | 276 |
| Profit before tax | 354 | 446 | 421 | 444 | 541 | 620 | 468 | 477 | 698 | 681 | 918 | 875 | 836 |
| Tax % | 29% | 25% | 24% | 24% | 26% | 23% | 27% | 24% | 25% | 24% | 23% | 26% | |
| 266 | 351 | 320 | 340 | 403 | 477 | 341 | 364 | 522 | 514 | 703 | 648 | 614 | |
| EPS in Rs | 23.76 | 31.43 | 28.94 | 30.54 | 36.00 | 42.33 | 31.14 | 33.06 | 47.35 | 46.52 | 61.57 | 55.45 | 51.70 |
| Dividend Payout % | 21% | 25% | 24% | 34% | 36% | 35% | 48% | 51% | 51% | 56% | 49% | 47% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 10% |
| 5 Years: | 11% |
| 3 Years: | 18% |
| TTM: | 2% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 6% |
| 5 Years: | 12% |
| 3 Years: | 5% |
| TTM: | -19% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 8% |
| 5 Years: | 16% |
| 3 Years: | 12% |
| 1 Year: | -38% |
| Return on Equity | |
|---|---|
| 10 Years: | 16% |
| 5 Years: | 16% |
| 3 Years: | 16% |
| Last Year: | 13% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 56 | 56 | 56 | 56 | 56 | 55 | 55 | 55 | 55 | 55 | 56 | 56 | 56 |
| Reserves | 1,532 | 1,788 | 1,774 | 2,061 | 2,288 | 2,509 | 2,506 | 2,902 | 3,061 | 3,411 | 4,203 | 5,254 | 5,509 |
| 6 | 147 | 214 | 211 | 283 | 368 | 711 | 577 | 573 | 1,218 | 788 | 513 | 436 | |
| 356 | 582 | 668 | 798 | 773 | 927 | 870 | 940 | 1,072 | 1,815 | 1,883 | 1,798 | 1,922 | |
| Total Liabilities | 1,950 | 2,574 | 2,713 | 3,126 | 3,400 | 3,860 | 4,142 | 4,475 | 4,762 | 6,500 | 6,928 | 7,621 | 7,922 |
| 337 | 789 | 657 | 751 | 798 | 978 | 1,305 | 1,361 | 1,345 | 2,825 | 2,826 | 2,929 | 3,063 | |
| CWIP | 7 | 10 | 10 | 26 | 52 | 104 | 146 | 88 | 13 | 44 | 57 | 79 | 8 |
| Investments | 93 | 101 | 160 | 196 | 143 | 55 | 41 | 34 | 445 | 518 | 436 | 502 | 508 |
| 1,514 | 1,674 | 1,886 | 2,153 | 2,409 | 2,723 | 2,650 | 2,992 | 2,959 | 3,113 | 3,609 | 4,112 | 4,343 | |
| Total Assets | 1,950 | 2,574 | 2,713 | 3,126 | 3,400 | 3,860 | 4,142 | 4,475 | 4,762 | 6,500 | 6,928 | 7,621 | 7,922 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 227 | 362 | 278 | 420 | 296 | 370 | 582 | 856 | 634 | 554 | 726 | 790 | |
| 8 | -448 | -54 | -153 | -57 | -190 | -146 | -104 | -377 | -1,006 | -537 | -134 | |
| -43 | -32 | -111 | -93 | -136 | -232 | -446 | -253 | -544 | -109 | -266 | -58 | |
| Net Cash Flow | 193 | -118 | 113 | 174 | 103 | -52 | -10 | 499 | -287 | -562 | -77 | 598 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 79 | 71 | 72 | 66 | 64 | 64 | 60 | 71 | 59 | 68 | 64 | 70 |
| Inventory Days | 189 | 124 | 156 | 160 | 211 | 110 | 178 | 228 | 177 | 185 | ||
| Days Payable | 599 | 522 | 453 | 323 | 347 | 314 | 336 | 374 | 189 | 126 | ||
| Cash Conversion Cycle | 79 | 71 | -337 | -331 | -233 | -99 | -76 | -133 | -99 | -78 | 52 | 128 |
| Working Capital Days | 65 | 43 | 41 | 27 | 36 | 47 | 35 | 24 | 23 | 17 | 43 | 64 |
| ROCE % | 24% | 25% | 22% | 22% | 23% | 24% | 17% | 15% | 20% | 20% | 22% | 17% |
Documents
Announcements
-
Board Meeting Intimation for Consideration And Approval Of The Un-Audited Financial Results For The Quarter And Nine Months Ended 31 December 2025.
29 Dec - Board meeting on 22 Jan 2026 to approve unaudited Q3 and nine-month results ended 31 Dec 2025.
-
Closure of Trading Window
29 Dec - Trading window closed until 24 January 2026 for directors/designated persons; board meeting on 22 January 2026.
-
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
24 Dec - Cyient acquires majority stake in Kinetic Technologies; Kinetic revenue $40m; EPS accretive from year two; announced 18 Dec 2025.
-
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
18 Dec - Recording of 18-Dec-2025 conference call on Cyient Semiconductors' majority-stake acquisition in Kinetic Technologies available online.
-
Announcement under Regulation 30 (LODR)-Press Release / Media Release
17 Dec - Cyient Semiconductors to acquire majority stake in Kinetic Technologies for up to USD 93 Mn; closing expected months.
Annual reports
-
Financial Year 2025
from bse
-
Financial Year 2024
from bse
-
Financial Year 2023
from bse
-
Financial Year 2022
from bse
-
Financial Year 2021
from bse
-
Financial Year 2020
from bse
-
Financial Year 2019
from bse
-
Financial Year 2018
from bse
-
Financial Year 2017
from bse
-
Financial Year 2016
from bse
-
Financial Year 2015
from bse
-
Financial Year 2014
from bse
-
Financial Year 2013
from bse
-
Financial Year 2012
from bse
-
Financial Year 2011
from nse
Concalls
-
Dec 2025TranscriptPPT
-
Oct 2025Transcript PPT REC
-
Jul 2025Transcript PPT REC
-
May 2025Transcript PPT REC
-
Feb 2025TranscriptPPTREC
-
Jan 2025Transcript PPT
-
Nov 2024Transcript PPT
-
Oct 2024TranscriptAI SummaryPPT
-
Aug 2024Transcript PPT
-
May 2024Transcript PPT REC
-
Feb 2024Transcript PPT REC
-
Dec 2023TranscriptAI SummaryPPT
-
Nov 2023Transcript PPT REC
-
Aug 2023Transcript PPT REC
-
Jul 2023TranscriptAI SummaryPPT
-
May 2023TranscriptPPT
-
Apr 2023Transcript PPT REC
-
Feb 2023Transcript PPT
-
Nov 2022Transcript PPT
-
Oct 2022TranscriptAI SummaryPPT
-
Oct 2022TranscriptAI SummaryPPT
-
Aug 2022Transcript PPT
-
Apr 2022TranscriptAI SummaryPPT
-
Apr 2022TranscriptAI SummaryPPT
-
Apr 2022TranscriptAI SummaryPPT
-
Feb 2022Transcript PPT
-
Nov 2021Transcript PPT
-
Aug 2021Transcript PPT
-
Apr 2021Transcript PPT
-
Jan 2021TranscriptAI SummaryPPT
-
Oct 2020Transcript PPT
-
Jul 2020TranscriptAI SummaryPPT
-
May 2020TranscriptAI SummaryPPT
-
Jan 2020TranscriptAI SummaryPPT
-
Oct 2019TranscriptAI SummaryPPT
-
Jul 2019TranscriptAI SummaryPPT
-
Jul 2019TranscriptAI SummaryPPT
-
Apr 2019TranscriptAI SummaryPPT
Business Segments
The company offers engineering, manufacturing, geospatial, network, and operations management services. [1] [2] [3]
1. Digital, Engineering & Technology (DET) (79% in FY25 vs 85% in FY23): The DET segment includes Transportation, Connectivity, Sustainability, and NGA (New Growth Areas) like HiTech, Automotive, Semico, and Medical Technologies. In FY25, DET segment order intake was US$ 836 Mn. It won 24 large deals in DET business with a total contract potential of US$ 370.8 Mn in FY25.[4]