Cyient Ltd

Cyient Ltd

₹ 1,899 -0.83%
26 Apr 9:47 a.m.
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 21,058 Cr.
  • Current Price 1,899
  • High / Low 2,459 / 1,150
  • Stock P/E 28.8
  • Book Value 384
  • Dividend Yield 1.35 %
  • ROCE 22.0 %
  • ROE 18.9 %
  • Face Value 5.00

Pros

  • Company has reduced debt.
  • Company has been maintaining a healthy dividend payout of 51.8%

Cons

* 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

Consolidated Figures in Rs. Crores / View Standalone

Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
1,093 1,058 1,112 1,183 1,181 1,250 1,396 1,618 1,751 1,686 1,778 1,821 1,861
938 872 904 972 969 1,057 1,192 1,335 1,429 1,371 1,453 1,495 1,526
Operating Profit 155 186 207 212 212 193 205 283 322 316 326 326 335
OPM % 14% 18% 19% 18% 18% 15% 15% 18% 18% 19% 18% 18% 18%
40 26 15 22 49 34 -2 19 -16 -1 7 -32 23
Interest 11 10 9 10 10 16 31 26 26 28 27 29 32
Depreciation 49 49 52 49 43 51 63 70 73 68 66 66 67
Profit before tax 135 154 162 175 208 160 108 206 208 219 240 200 259
Tax % 23% 25% 25% 25% 26% 27% 27% 24% 21% 23% 24% 23% 24%
103 115 121 132 154 116 79 156 163 169 184 153 197
EPS in Rs 9.37 10.44 11.01 11.95 13.98 10.52 7.16 14.12 14.76 15.20 16.10 13.28 17.06
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
1,873 2,206 2,736 3,094 3,586 3,914 4,618 4,427 4,132 4,534 6,016 7,147
1,531 1,796 2,335 2,680 3,109 3,394 3,985 3,881 3,557 3,717 5,013 5,844
Operating Profit 342 410 401 414 477 520 633 546 575 818 1,003 1,303
OPM % 18% 19% 15% 13% 13% 13% 14% 12% 14% 18% 17% 18%
36 17 122 112 79 147 131 158 140 112 35 -2
Interest 0 1 6 16 17 20 33 49 43 39 100 116
Depreciation 64 72 71 89 95 105 111 188 194 192 257 267
Profit before tax 315 354 446 421 444 541 620 468 477 698 681 918
Tax % 31% 29% 25% 24% 24% 26% 23% 27% 24% 25% 24% 23%
231 266 351 320 340 403 477 341 364 522 514 703
EPS in Rs 20.70 23.76 31.43 28.94 30.54 36.00 42.33 31.14 33.06 47.35 46.52 61.57
Dividend Payout % 22% 21% 25% 24% 34% 36% 35% 48% 51% 51% 56% 49%
Compounded Sales Growth
10 Years: 12%
5 Years: 9%
3 Years: 20%
TTM: 19%
Compounded Profit Growth
10 Years: 11%
5 Years: 9%
3 Years: 26%
TTM: 34%
Stock Price CAGR
10 Years: 20%
5 Years: 27%
3 Years: 40%
1 Year: 64%
Return on Equity
10 Years: 17%
5 Years: 16%
3 Years: 18%
Last Year: 19%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 56 56 56 56 56 56 55 55 55 55 55 56
Reserves 1,267 1,532 1,788 1,774 2,061 2,288 2,509 2,506 2,902 3,061 3,411 4,203
0 6 147 214 211 283 368 711 577 573 1,218 788
283 356 582 668 798 773 927 870 940 1,072 1,815 1,958
Total Liabilities 1,606 1,950 2,574 2,713 3,126 3,400 3,860 4,142 4,475 4,762 6,500 7,004
335 337 789 657 751 798 978 1,305 1,361 1,345 2,825 2,882
CWIP 23 7 10 10 26 52 104 146 88 13 44 2
Investments 98 93 101 160 196 143 55 41 34 445 518 436
1,150 1,514 1,674 1,886 2,153 2,409 2,723 2,650 2,992 2,959 3,113 3,684
Total Assets 1,606 1,950 2,574 2,713 3,126 3,400 3,860 4,142 4,475 4,762 6,500 7,004

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
160 227 362 278 420 296 370 582 856 634 554
-75 8 -448 -54 -153 -57 -190 -146 -104 -377 -1,006
-42 -43 -32 -111 -93 -136 -232 -446 -253 -544 -109
Net Cash Flow 43 193 -118 113 174 103 -52 -10 499 -287 -562

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 77 79 71 72 66 64 64 60 71 59 68 64
Inventory Days 189 124 156 160 211 110 178 228 177
Days Payable 599 522 453 323 347 314 336 374 260
Cash Conversion Cycle 77 79 71 -337 -331 -233 -99 -76 -133 -99 -78 -19
Working Capital Days 61 65 54 55 39 53 64 64 54 55 49 60
ROCE % 26% 24% 25% 22% 22% 23% 24% 17% 15% 20% 20%

Shareholding Pattern

Numbers in percentages

2 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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