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Cyient Ltd share Price Today

Company details

1,868.05
1,959.95
1,150.00
2,458.95
6M Return 17.76%
1Y Return 62.91%
Mkt Cap.(Cr) 20,911.64
Volume 2,045,872
Div Yield 1.57%
OI
-
OI Chg %
-
Volume 2,045,872

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About The Stock

    Cyient Ltd (Cyient) offers engineering & development services to aerospace & defence, transportation, E&U, communication and others.

    • Cyient has 300 customers across 14 countries
    • Net debt free and healthy cash flow with OCF/EBITDA ~80%
Q4FY23 Results:

    Cyient reported strong Q4 results.

    • Consolidated services grew 3.2% QoQ in CC terms with organic contribution of 2.6%
    • Normalised group EBIT margins at 14.2% while services margins at 15.1%, up 117 bps QoQ but down 27bps YoY.
    • Order intake declined 10.3% QoQ to US$212.7 million (mn)

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Research view on more stocks

IT Consulting & Software company Cyient announced Q4FY24 & FY24 results:

Q4FY24 Financial Highlights:

  • Cyient Revenue at Rs 1,489 crore, with QoQ de-growth of 0.1% and YoY growth of 2.8%
  • Cyient CC Revenue de-growth at 0.5% QoQ and growth of 1.8% YoY
  • Cyient EBIT of Rs 239 crore, with a margin of 16%
  • Cyient PAT at Rs 173 crore, with YoY growth of 9.1%
  • Cyient Order Intake grew by 7.1% YoY  

FY24 Financial Highlights:

  • Cyient Revenue is Rs 5,911 crore, a growth of 16% YoY
  • Cyient CC Revenue Growth at 12.6% YoY
  • Cyient normalized EBIT at Rs 955 crore, a growth of 36.8% YoY
  • Cyient normalized PAT at Rs 689 crore, with YoY growth of 31.6%
  • Total dividend for FY24 at Rs 30 per share 

Commenting on the results, Krishna Bodanapu, Executive Vice Chairman and Managing Director, Cyient, said, “This year has been a very exciting and a momentous one for the Cyient Group in terms of delivering a balanced performance around growth and profitability, executing key initiatives such as DLM divestiture and margin expansion, and building a balanced portfolio of offerings to drive sustainable future growth.

For the year FY24, Cyient Group delivered USD 863 Million in revenue at a YoY growth of 15.6% in cc, EBIT of 14.5% with 173 bps expansion YoY, PAT of Rs 735 Crore at YoY growth of 30%, and FCF of Rs 648 Crore at YoY growth of 32.6%.

Cyient’s Digital, Engineering and Technology (DET) delivered USD 179.3 Million at an EBIT of 16% for Q4 FY24. We closed 9 large deals with a total contract potential of ca. USD 200 Million this quarter, taking our order intake for the quarter to USD 228 Million.

For FY24, Cyient DET delivered USD 713.9 Million at 12.6% YoY revenue growth in cc, 16.1% EBIT with 246 bps expansion YoY. PAT for the year was Rs 689 Crore, up 31.6% YoY while FCF for the year was Rs 754 Crore, a significant growth of 71.4% YoY. The full year Order Intake of USD 902 Million translates to 15% growth YoY with contributions from our key large units such as Sustainability, Transport and Connectivity.

For FY25, our order book looks strong, and we will continue to focus and invest on strengthening our intelligent engineering and technology solutions across key industries and megatrends.

We are also confident that our presence in key industry verticals through our balanced portfolio will help us deliver balanced outcomes in the evolving market and geo-political uncertainties.”

Result PDF

View Other Company Results

Cyient Ltd shares SWOT Analysis

Strengths (8)

  • Rising Net Cash Flow and Cash from Operating activity
  • Growth in Net Profit with increasing Profit Margin (QoQ)
  • Growth in Quarterly Net Profit with increasing Profit Margin (YoY)

Weakness (1)

  • High volume, top losers

Opportunity (0)

Data not found

Threats (3)

  • Promoter decreasing their shareholding
  • Increasing Trend in Non-Core Income
  • RSI indicating price weakness

Resistance and support

R1 1,941.2
R2 1,996.5
R3 2,033.1
Pivot

1,904.60

S1 1,849.3
S2 1,812.7
S3 1,757.4
EMA SMA
1,986.8
2,017.4
1,995.0
1,844.0
2,017.7
2,014.4
2,093.5
1,866.3
Delivery and volume
CLIENT NAME DEAL TYPE ACTION DATE AVG. PRICE QUANTITY EXCHANGE
SOCIETE GENERALE Block Purchase 2024-01-25 2043.85 85391 BSE
BNP PARIBAS ARBITRAGE Block Sell 2024-01-25 2043.85 85391 BSE
ISHARES CORE MSCI EMERGING MARKETS ETF Block Purchase 2022-10-25 759.25 218010 NSE
Name Category Shares
BODANAPU GANESH VENKAT KRISHNA PROMOTER 1.73%
BODANAPU SRI VAISHNAVI PROMOTER 1.62%
VINEYARD POINT SOFTWARE PRIVATE LIMITED PROMOTER 12.63%
INFOCAD ENTERPRISES PRIVATE LIMITED PROMOTER 6.31%

OUR RESEARCH VIEW

Investment recommendation
Call Date
23 Apr 2023
Entry Price 1,160.00
Target Price 1,210.00
Duration
12 Month

FINANCIALS

Sales
Operating Profit
Profit after Tax
Equity
Reserves and Surplus
Debt
Sales
Operating Profit
Profit after Tax
PE
Debt/Equity
P BV

Cyient Ltd Stocks COMPARISON

Financials( in Cr) Cyient Ltd Tata Consultancy Services Ltd Infosys Ltd HCL Technologies Ltd Wipro Ltd
Price 1,885.80 3,821.35 1,430.25 1,473.85 464.60
% Change -1.52 -0.80 -0.57 -2.01 0.78
Mcap Cr 20,911.64 1,382,598.06 593,677.75 399,953.52 242,759.91
Revenue TTM Cr 6,015.90 240,893.00 153,670.00 101,456.00 90,487.60
Net Profit TTM Cr 514.40 46,099.00 26,248.00 14,845.00 11,366.50
PE TTM 28.98 29.91 22.94 25.99 21.81
1 Year Return 62.91 20.32 16.76 39.91 23.68
ROCE 17.62 62.85 44.74 27.62 17.11
ROE 15.63 51.04 37.12 23.32 15.89
INSIDER & INSTITUTIONAL ACTIVITY

Equity Capital: 3,466.70 Cr FV: 5.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 20,210.21 -2,261.46
LAST 3M 84,754.55 29,205.23
LAST 6M 143,739.62 78,027.80
LAST 12M 219,616.53 194,212.30
Cyient Limited - Updates

Apr 26, 2024 l NSE Announcement

Board Meetings Forthcomming

Apr 25, 2024 l Board Meetings Forthcomming

NSE Board Meetings Forthcomming

Apr 25, 2024 l NSE Board Meetings Forthcomming

Date Action Type Ratio
Nov 01, 2023 Dividend 240
Jun 12, 2023 Dividend 320
Oct 25, 2022 Dividend 200

Cyient Ltd Information

Stock PE (TTM)
28.98
Promoter Holding
23.16%
Book Value
383.9888
ROCE
17.62%
ROE
15.63%
Description
  • Cyient Ltd. is an Indian multinational engineering and technology solutions company that offers services such as engineering, manufacturing, digital, and geospatial. It was incorporated in 1991, with its headquarters in Hyderabad. For the quarter ended June 2022, the company’s total income was Rs 1,283.80 crore, up 4.32% from the previous quarter ended March 2022. On 26 August 2022, its market capitalisation stood at Rs 9,424 crore.  

    Cyient Ltd.’s shares are listed on the Bombay Stock Exchange with the code 532175 and on the National Stock Exchange with the code CYIENT.  

    The company offers engineering solutions, including product development and life-cycle support, process, network, and content engineering. Its operations persist in two segments—Network & Content Engineering (N&CE) and Engineering, Manufacturing, Industrial Products (EMI). These segments service customers in the industries of telecom, gas, power, transportation, and local government. Cyient Ltd. delivers services and solutions to a diversified base of over 300 customers, including 29 Fortune 500 companies across various industries.  

    On 30 June 2022, the company’s shareholding pattern indicated a promoter stake of 23.4%, foreign institutional investor stake of 32.68%, domestic institutional investor stake of 23.88%, and public stake of 20.04%. In the June 2022 quarter, the company’s promoters initiated pledges of 1.30% of their holdings. The promoter holdings decreased from 23.41% to 23.40%, while the mutual fund holdings increased from 21.97% to 22.52%. Vineyard Point Software Pvt. Ltd. is the leading promoter with a 12.69% share.  

    Mr B V R Mohan Reddy is the founder and executive chairman of Cyient Ltd. The other board members include Mr Krishna Bodanapu, Mr Vivek Narayan Gour, Mr Vikas Sehgal, Mr Ajay Aggarwal, Mr M M Murugappan, Mr Vinai Thummalapally, Mr Karthikeyan Natarajan, Mr Alain De Taeye, Mr Ramesh Abhishek, and Ms Matangi Gowrishankar. The auditors of the company are S R Batliboi & Associates LLP. On 30 June 2022, the company disclosed a total of 11.04 crore shares outstanding.  

    On 26 August 2022, Cyient Ltd.’s share price closed at Rs 854.80 on BSE and it closed at Rs 853.05 on NSE. The 52-week high for Cyient Ltd.’s share price was Rs 1,292, and the 52-week low for the company’s share price was Rs 720.  

    Cyient Ltd.’s peers include Tata Consultancy Services Ltd., Infosys Ltd., HCL Technologies Ltd., and Wipro Ltd. 

    Disclaimer: ICICI Securities Ltd. (I-Sec). Registered office of I-Sec is at ICICI Securities Ltd. - ICICI Venture House, Appasaheb Marathe Marg, Prabhadevi, Mumbai - 400 025, India, Tel No : 022 - 6807 7100. I-Sec is a Member of National Stock Exchange of India Ltd (Member Code :07730), BSE Ltd (Member Code :103) and Member of Multi Commodity Exchange of India Ltd. (Member Code: 56250) and having SEBI registration no. INZ000183631. Name of the Compliance officer (broking): Mr. Anoop Goyal, Contact number: 022-40701000, E-mail address: complianceofficer@icicisecurities.com. Investment in securities market are subject to market risks, read all the related documents carefully before investing. The contents herein above shall not be considered as an invitation or persuasion to trade or invest.  I-Sec and affiliates accept no liabilities for any loss or damage of any kind arising out of any actions taken in reliance thereon. The contents herein above are solely for informational purpose and may not be used or considered as an offer document or solicitation of offer to buy or sell or subscribe for securities or other financial instruments or any other product. Investors should consult their financial advisers whether the product is suitable for them before taking any decision. The contents herein mentioned are solely for informational and educational purpose 

Registered Address

4th Floor A-Wing Plot No 11, Software Unit Layout Madhapur, Hyderabad, Telangana, 500081

Tel : 91-40-67641000/67641696/23124006
Email : Company.Secretary:cyient.com; company.secretary:in
Website : http://www.cyient.com
Registrar

Karvy Computershare Pvt Ltd

AGM Date (Month) : Jun
Face Value Equity Shares : 5
Market Lot Equity Shares : 1
BSE Code : 532175
NSE Code : CYIENT
Book Closure Date (Month) : Jun
BSE Group : A
ISIN : INE136B01020

FAQ’s on Cyient Ltd Shares

You can buy Cyient Ltd shares through a brokerage firm. ICICIdirect is a registered broker through which you can place orders to buy Cyient Ltd Share.

Company share prices and volatile and keep changing according to the market conditions. As of Apr 26, 2024 04:02 PM the closing price of Cyient Ltd was Rs.1,885.80.

Market capitalization or market cap is determined by multiplying the current market price of a company�s shares with the total number of shares outstanding. As of Apr 26, 2024 04:02 PM, the market cap of Cyient Ltd stood at Rs. 20,911.64.

The latest PE ratio of Cyient Ltd as of Apr 26, 2024 04:02 PM is 28.98

The latest PB ratio of Cyient Ltd as of Apr 26, 2024 04:02 PM is 0.20

The 52-week high of Cyient Ltd share price is Rs. 2,458.95 while the 52-week low is Rs. 1,150.00

According to analyst recommendations, Cyient Ltd Share has a "Buy" rating for the long term.

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