Cyient DLM Ltd

Cyient DLM Ltd

₹ 805 0.29%
01 Mar - close price
About

Incorporated in June 1993, Cyient DLM has been a trusted electronics and mechanical manufacturing partner and systems supplier to some of the largest players across multiple industries. As an integrated manufacturing partner that provides Design Led Manufacturing (DLM) solutions to customers, we take ownership of design, manufacturing, testing, and certification support to ensure that customers' products meet robust standards in reliability, safety, and performance.[1]

Key Points

Business Profile[1]
Co. develops Low volume, high mix (LVHM) products which is a type of contract manufacturing setup, having high emphasis on quality and customization according to customer requirements. Company enters into 3-5 year master service agreements (MSA) with its customers

  • Market Cap 6,387 Cr.
  • Current Price 805
  • High / Low 884 / 401
  • Stock P/E 125
  • Book Value 112
  • Dividend Yield 0.00 %
  • ROCE 15.6 %
  • ROE 23.4 %
  • Face Value 10.0

Pros

  • Company has a good return on equity (ROE) track record: 3 Years ROE 36.9%
  • Debtor days have improved from 93.2 to 71.0 days.

Cons

  • Stock is trading at 7.18 times its book value
  • Though the company is reporting repeated profits, it is not paying out dividend

* 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

Figures in Rs. Crores

Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
170 214 277 217 292 321
146 194 245 197 268 292
Operating Profit 24 21 32 20 24 29
OPM % 14% 10% 12% 9% 8% 9%
-1 -0 -1 1 9 9
Interest 8 8 9 9 8 8
Depreciation 5 5 5 5 5 6
Profit before tax 10 7 17 7 20 25
Tax % 30% 21% 27% 23% 26% 25%
7 6 13 5 15 18
EPS in Rs 24.17 1.08 2.38 0.94 1.85 2.33
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
480 457 628 721 832 1,107
462 443 582 636 744 1,003
Operating Profit 19 14 46 84 88 105
OPM % 4% 3% 7% 12% 11% 9%
2 8 9 8 6 18
Interest 14 18 21 22 32 34
Depreciation 8 11 18 19 19 21
Profit before tax -1 -7 16 51 43 69
Tax % 43% 7% 24% 22% 26%
-1 -7 12 40 32 51
EPS in Rs -5.78 -49.01 86.39 291.15 6.00 7.50
Dividend Payout % 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: %
5 Years: %
3 Years: 22%
TTM: 15%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: 89%
TTM: -19%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: %
1 Year: %
Return on Equity
10 Years: %
5 Years: %
3 Years: 37%
Last Year: 23%

Balance Sheet

Figures in Rs. Crores

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 1 1 1 1 53 79
Reserves 34 24 36 76 145 810
160 308 279 337 356 287
271 260 328 363 551 520
Total Liabilities 466 593 645 777 1,105 1,696
48 106 186 172 161 172
CWIP 1 77 2 3 1 3
Investments 0 0 0 0 90 90
417 410 457 601 853 1,432
Total Assets 466 593 645 777 1,105 1,696

Cash Flows

Figures in Rs. Crores

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
29 16 35 49 52
-10 -88 -1 -32 -142
-2 72 -43 46 74
Net Cash Flow 17 0 -9 62 -16

Ratios

Figures in Rs. Crores

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 91 44 132 77 71
Inventory Days 170 223 115 181 240
Days Payable 92 105 140 129 161
Cash Conversion Cycle 170 161 106 129 150
Working Capital Days 52 43 54 76 65
ROCE % 4% 11% 20% 16%

Shareholding Pattern

Numbers in percentages

Jun 2023Sep 2023Dec 2023
66.66% 66.66% 66.66%
7.17% 6.23% 6.32%
12.18% 12.28% 11.22%
13.99% 14.82% 15.80%
No. of Shareholders 44,79147,88359,711

* 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.

Click on the line-items to see the names of individual entities.

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