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 ₹ 3,429 Cr.
- Current Price ₹ 433
- High / Low ₹ 506 / 265
- Stock P/E 46.8
- Book Value ₹ 128
- Dividend Yield 0.00 %
- ROCE 9.88 %
- ROE 7.47 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
Cons
- Stock is trading at 3.40 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 8.22% over last 3 years.
- Working capital days have increased from 120 days to 175 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.
Peer comparison
Industrials Capital Goods Industrial Manufacturing Industrial Products
Part of BSE Industrials BSE 1000 BSE India Defence
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|
| 832 | 1,192 | 1,520 | 1,261 | |
| 744 | 1,081 | 1,382 | 1,135 | |
| Operating Profit | 88 | 111 | 137 | 127 |
| OPM % | 11% | 9% | 9% | 10% |
| 6 | 28 | 26 | 36 | |
| Interest | 32 | 34 | 38 | 27 |
| Depreciation | 19 | 22 | 34 | 43 |
| Profit before tax | 43 | 82 | 92 | 93 |
| Tax % | 26% | 25% | 26% | 21% |
| 32 | 61 | 68 | 73 | |
| EPS in Rs | 6.00 | 7.72 | 8.58 | 9.23 |
| Dividend Payout % | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 15% |
| TTM: | -17% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 32% |
| TTM: | 8% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | -11% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 8% |
| Last Year: | 7% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|
| Equity Capital | 53 | 79 | 79 | 79 |
| Reserves | 145 | 830 | 870 | 933 |
| 356 | 192 | 301 | 172 | |
| 551 | 502 | 443 | 458 | |
| Total Liabilities | 1,105 | 1,603 | 1,694 | 1,642 |
| 161 | 192 | 346 | 355 | |
| CWIP | 1 | 1 | 6 | 2 |
| Investments | 90 | 66 | 31 | 30 |
| 853 | 1,344 | 1,311 | 1,255 | |
| Total Assets | 1,105 | 1,603 | 1,694 | 1,642 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|
| 54 | -71 | -62 | 54 | |
| -142 | -428 | 127 | 164 | |
| 72 | 479 | -59 | -188 | |
| Net Cash Flow | -16 | -19 | 5 | 30 |
| Free Cash Flow | 46 | -104 | -112 | 9 |
| CFO/OP | 81% | -46% | -27% | 60% |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|
| Debtor Days | 71 | 69 | 83 | 89 |
| Inventory Days | 240 | 184 | 188 | 314 |
| Days Payable | 161 | 123 | 82 | 133 |
| Cash Conversion Cycle | 150 | 131 | 189 | 270 |
| Working Capital Days | -32 | 76 | 111 | 175 |
| ROCE % | 14% | 11% | 10% |
Insights
In beta| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
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| Days Inventory Outstanding Days |
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| Number of SMT Lines Count |
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Extracted by Screener AI
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
19 May - Cyient DLM will participate in Motilal Oswal roadshow in Mumbai on 22 May 2026.
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Announcement under Regulation 30 (LODR)-Press Release / Media Release
19 May - Cyient DLM appoints Ramakanth Alapati as President and Chief Strategy and Growth Officer on 19 May 2026.
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Announcement under Regulation 30 (LODR)-Change in Management
18 May - Ramakanth Alapati appointed President and Chief Strategy and Growth Officer effective 18 May 2026.
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
15 May - The Investor Meet Schedule on 20th May, 2026
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Announcement under Regulation 30 (LODR)-Monitoring Agency Report
14 May - ICRA monitoring report for Q4 FY2026 shows no deviation; IPO proceeds fully utilized.
Concalls
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Apr 2026Transcript PPT REC
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Jan 2026Transcript PPT
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Jan 2026TranscriptPPT REC
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Oct 2025Transcript PPT
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Jul 2025Transcript PPT REC
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Apr 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 2024TranscriptAI SummaryPPT
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Oct 2023Transcript PPT
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Jul 2023Transcript PPT
Business Profile[1] [2]
The company is an electronics manufacturing services (EMS) provider in India, specialising in high-mix, low-to-medium-volume, complex, and high-reliability solutions for safety and mission-critical applications in highly regulated industries such as defence, aerospace, medical, and industrial sectors. It also undertakes printed circuit board assembly for the telecommunications and direct-to-home sectors.