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 ₹ 7,560 Cr.
- Current Price ₹ 952
- High / Low ₹ 1,015 / 265
- Stock P/E 92.1
- Book Value ₹ 128
- Dividend Yield 0.00 %
- ROCE 9.90 %
- ROE 7.49 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
Cons
- Stock is trading at 7.47 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 8.23% over last 3 years.
- Promoter holding has decreased over last 3 years: -14.6%
- Working capital days have increased from 118 days to 169 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 Aerospace & Defense Aerospace & Defense
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 | TTM | |
|---|---|---|---|---|---|
| 832 | 1,192 | 1,520 | 1,261 | 1,357 | |
| 744 | 1,081 | 1,382 | 1,135 | 1,216 | |
| Operating Profit | 88 | 111 | 137 | 127 | 141 |
| OPM % | 11% | 9% | 9% | 10% | 10% |
| 6 | 28 | 26 | 36 | 32 | |
| Interest | 32 | 34 | 38 | 27 | 25 |
| Depreciation | 19 | 22 | 34 | 43 | 43 |
| Profit before tax | 43 | 82 | 92 | 93 | 105 |
| Tax % | 26% | 25% | 26% | 21% | |
| 32 | 61 | 68 | 73 | 82 | |
| EPS in Rs | 6.00 | 7.72 | 8.58 | 9.23 | 10.34 |
| Dividend Payout % | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 15% |
| TTM: | -12% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 32% |
| TTM: | 26% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 12% |
| 1 Year: | 102% |
| 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 | 167 | |
| 72 | 479 | -59 | -188 | |
| Net Cash Flow | -16 | -19 | 5 | 33 |
| Free Cash Flow | 46 | -104 | -112 | 9 |
| CFO/OP | 81% | -46% | -27% | 60% |
Ratios
Consolidated / 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 | 169 |
| ROCE % | 14% | 11% | 10% |
Insights
In beta| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|
| Order Book INR Mn |
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Extracted by Screener AI
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
- The details of earnings call to be held on 15 October 2026
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Board Meeting Intimation for To Consider And Approve The Q2 FY27 Financial Results
- Board meeting on 15 Oct 2026 to approve Q2 FY2027 unaudited results.
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Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
- Regulation 74(5) certificate filed for quarter ended 30 September 2026.
- Closure of Trading Window
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Announcement Under Regulation 30 Of SEBI LODR
- US step-down subsidiary renamed to Cyient DLM Electronics Inc on 23 September 2026.
Annual reports
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Annual Report 2026
from bse
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Annual Report 2025
from bse
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Annual Report 2024
from bse
Concalls
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Jul 2026Transcript PPT REC
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Apr 2026Transcript PPT REC
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Jan 2026Transcript PPT
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Jan 2026PPT 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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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 2024PPT
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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.