Cyient DLM Ltd
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]
- Market Cap ₹ 3,793 Cr.
- Current Price ₹ 478
- High / Low ₹ 873 / 350
- Stock P/E 49.4
- Book Value ₹ 120
- Dividend Yield 0.00 %
- ROCE 12.3 %
- ROE 8.23 %
- Face Value ₹ 10.0
Pros
- Company has delivered good profit growth of 68.2% CAGR over last 5 years
Cons
- Stock is trading at 3.97 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 10.5% over last 3 years.
- Company's cost of borrowing seems high
* 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.
Peer comparison
Sector: Electronics Industry: Electronics - Components
Part of BSE SmallCap BSE Allcap BSE Industrials Nifty Microcap 250 Nifty Total Market
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|
480 | 457 | 628 | 721 | 832 | 1,192 | 1,345 | |
462 | 443 | 582 | 636 | 744 | 1,081 | 1,206 | |
Operating Profit | 19 | 14 | 46 | 84 | 88 | 111 | 139 |
OPM % | 4% | 3% | 7% | 12% | 11% | 9% | 10% |
2 | 8 | 9 | 8 | 6 | 28 | 28 | |
Interest | 14 | 18 | 21 | 22 | 32 | 34 | 36 |
Depreciation | 8 | 11 | 18 | 19 | 19 | 22 | 28 |
Profit before tax | -1 | -7 | 16 | 51 | 43 | 82 | 103 |
Tax % | -43% | -7% | 24% | 22% | 26% | 25% | 26% |
-1 | -7 | 12 | 40 | 32 | 61 | 77 | |
EPS in Rs | -5.78 | -49.01 | 86.39 | 291.15 | 6.00 | 7.72 | 9.67 |
Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
Compounded Sales Growth | |
---|---|
10 Years: | % |
5 Years: | 24% |
3 Years: | 23% |
TTM: | 13% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | 68% |
3 Years: | 25% |
TTM: | 25% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | % |
1 Year: | -30% |
Return on Equity | |
---|---|
10 Years: | % |
5 Years: | 13% |
3 Years: | 10% |
Last Year: | 8% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|
Equity Capital | 1 | 1 | 1 | 1 | 53 | 79 | 79 |
Reserves | 34 | 24 | 36 | 76 | 145 | 830 | 876 |
160 | 308 | 279 | 337 | 356 | 192 | 196 | |
271 | 260 | 328 | 363 | 551 | 502 | 370 | |
Total Liabilities | 466 | 593 | 645 | 777 | 1,105 | 1,603 | 1,521 |
48 | 106 | 186 | 172 | 161 | 192 | 203 | |
CWIP | 1 | 77 | 2 | 3 | 1 | 1 | 6 |
Investments | 0 | 0 | 0 | 0 | 90 | 66 | 156 |
417 | 410 | 457 | 601 | 853 | 1,344 | 1,156 | |
Total Assets | 466 | 593 | 645 | 777 | 1,105 | 1,603 | 1,521 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|
29 | 16 | 35 | 49 | 54 | -71 | -62 | |
-10 | -88 | -1 | -32 | -142 | -428 | 119 | |
-2 | 72 | -43 | 46 | 72 | 479 | -66 | |
Net Cash Flow | 17 | 0 | -9 | 62 | -16 | -19 | -10 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|
Debtor Days | 91 | 44 | 132 | 77 | 71 | 69 | 81 |
Inventory Days | 170 | 223 | 115 | 181 | 240 | 184 | 175 |
Days Payable | 92 | 105 | 140 | 129 | 161 | 127 | 82 |
Cash Conversion Cycle | 170 | 161 | 106 | 129 | 150 | 126 | 175 |
Working Capital Days | 52 | 43 | 54 | 76 | 65 | 97 | 135 |
ROCE % | 4% | 11% | 20% | 16% | 14% | 12% |
Documents
Announcements
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Compliances-Reg.24(A)-Annual Secretarial Compliance
16 May - Annual Secretarial Compliance Report confirms full SEBI compliance for FY 2024-25, no major issues.
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Announcement under Regulation 30 (LODR)-Press Release / Media Release
16 May - Dr. Ajay Kumar resigns as Independent Director after UPSC Chairman appointment.
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Intimation Of Resignation Of Dr. Ajay Kumar As Independent Director Of The Company
15 May - Independent Director Dr. Ajay Kumar resigned on 15 May 2025 due to UPSC Chairman appointment.
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Announcement under Regulation 30 (LODR)-Monitoring Agency Report
14 May - Cyient DLM files Q4 FY2025 Monitoring Agency Report confirming IPO compliance as per SEBI regulations.
- Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 14 May
Concalls
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Apr 2025Transcript PPT REC
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Jan 2025Transcript PPT REC
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Oct 2024Transcript PPT REC
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Jul 2024Transcript PPT
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Apr 2024Transcript PPT REC
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Jan 2024Transcript PPT
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Jan 2024TranscriptNotesPPT
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Oct 2023Transcript PPT
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Jul 2023Transcript PPT
Business Profile[1]
Co. develops Low volume, high mix (LVHM) products which is a type of contract manufacturing setup, having a high emphasis on quality and customization according to customer requirements. Company enters into 3-5 year master service agreements (MSA) with its customers.