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Cyient Ltd share Price Today

Company details

1,960.00
2,000.00
959.50
2,458.95
6M Return 19.23%
1Y Return 98.32%
Mkt Cap.(Cr) 22,156.66
Volume 216,202
Div Yield 1.34%
OI
-
OI Chg %
-
Volume 216,202

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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%
Q4FY22

    Cyient reported muted Q4FY22 results.

    • Services revenue grew 1.2% QoQ (0.4% in CC) while DLM revenues declined 9.4% QoQ. This led to overall revenue decline of 0.8% QoQ
    • Services EBIT margin came in at 15.4% while DLM margins came in at 9.8%, resulting in EBIT margins of 14.5%, up 59 bps QoQ
    • Cyient acquired Citec for EV of €94 mn, 1.2x price to 2021 sales

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Research view on more stocks

IT Consulting & Software company Cyient announced Q3FY24 results:

Financial Performance:
- Cyient DET Revenue was reported at Rs 1,491 crore, marking a quarterly (QoQ) growth of 1% and a yearly (YoY) growth of 8.1%.
- The company's DET Consolidated Services and Engineering Parts Business observed a DET Normalized EBIT of Rs 239 crore, with a stated margin of 16%.
- Cyient DET Normalized PAT reached Rs 173 crore, indicating a YoY growth of 11.5%.
- DET CC Revenue Growth was at 1.1% QoQ and 5.4 % YoY.
- Order Intake for DET increased by 21.9% YoY.

Business Growth and Projections:
- Overall group revenue was USD 218.8 million, showing a 10.1% increase YoY in constant currency.
- DET business revenue touched USD 179.2 million, reflecting a steady growth of 1.1% QoQ and 5.4% YoY in constant currency.
- The company anticipates DET revenue growth to be within the range of 13-13.5% YoY in constant currency terms.

Operational Highlights and Strategic Initiatives:
- Aerospace and Sustainability business segments led the DET division with more than 20% YoY growth.
- Cyient won eight large DET deals with a total contract value of USD 136.8 million for the quarter.
- The CyientiflQ Experience Center was inaugurated at the Hyderabad Campus during the quarter.
- The Global Hackathon, CyientiflQ Innovation League, saw participation from over 5,500 innovators across 76 countries.

Recognition and Partnerships:
- Cyient received a Supplier Technology & Innovation Award and Productivity Savings and Cost Avoidance from Pratt & Whitney.
- The NASSCOM Spotlight Awards recognized Cyient for innovative contributions to sustainability.
- Analysts and advisors recognized Cyient as a leader in 17 different segments, highlighting awards in Aerospace, Sustainability, Communications, and more.

Commenting on the results, Krishna Bodanapu, Executive Vice Chairman and Managing Director, Cyient, said, “Cyient Group witnessed positive Q3FY24 results, with quarterly Group revenue at USD 218.8 million, growth of 10.1% YoY in constant currency.

Cyient’s Digital, Engineering, and Technology (DET) business delivered revenue of USD 179.2 million, a growth of 1.1% QoQ and 5.4% YoY in constant currency. The normalized DET EBIT margin stood at 16.0%, up 205 bps YoY.

Cyient DET's business focus remains on strengthening and building Intelligent Engineering and Technology solutions across key megatrends.

We expect DET revenue growth to be in the range of 13–13.5% YoY in constant currency terms, slightly lower than our earlier guided range. Margin trajectory remains robust."

Karthikeyan Natarajan, Executive Director and CEO, Cyient, said, “The robust growth of Cyient's DET business for this quarter was led by Aerospace and Sustainability business segments. We won eight large deals in DET with a total contract potential of USD 136.8 million in this quarter. The Cyient DET order intake stood at USD 297.3 million, up by 21.9% YoY. Our pipeline for the year looks robust. We continue to deliver Intelligent Engineering and Technology solutions for a digital, autonomous, and sustainable future for our customers. AI and Data will play a critical accelerator in this journey. I want to thank all our associates for their contributions in delivering yet another robust quarter and to our customers for their unwavering trust in us.”

 

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Cyient Ltd shares SWOT Analysis

Strengths (4)

  • Company with Low Debt
  • Increasing Revenue every quarter for the past 2 quarters
  • Book Value per share Improving for last 2 years

Weakness (2)

  • Poor cash generated from core business - Declining Cash Flow from Operations for last 2 years
  • Declining Net Cash Flow : Companies not able to generate net cash

Opportunity (2)

  • Positive Breakout Second Resistance ( LTP > R2)
  • Highest Recovery from 52 Week Low

Threats (2)

  • Increasing Trend in Non-Core Income
  • RSI indicating price weakness

Resistance and support

R1 1,962.6
R2 1,982.3
R3 2,003.6
Pivot

1,941.28

S1 1,921.6
S2 1,900.3
S3 1,880.6
EMA SMA
1,986.5
2,027.7
1,985.6
1,807.5
1,979.5
2,058.8
2,043.4
1,814.7
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
VINEYARD POINT SOFTWARE PRIVATE LIMITED PROMOTER 12.64%
INFOCAD ENTERPRISES PRIVATE LIMITED PROMOTER 6.32%
BODANAPU GANESH VENKAT KRISHNA PROMOTER 1.73%
BODANAPU SRI VAISHNAVI PROMOTER 1.62%

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
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P BV

Cyient Ltd Stocks COMPARISON

Financials( in Cr) Cyient Ltd Tata Consultancy Services Ltd Infosys Ltd HCL Technologies Ltd Wipro Ltd
Price 1,999.50 3,897.00 1,503.80 1,546.95 480.35
% Change 2.92 1.46 1.34 0.05 1.70
Mcap Cr 22,156.66 1,409,968.89 624,144.37 419,790.41 250,954.15
Revenue TTM Cr 6,015.90 225,458.00 146,767.00 101,456.00 90,487.60
Net Profit TTM Cr 514.40 42,303.00 24,108.00 14,845.00 11,366.50
PE TTM 29.96 30.46 25.26 26.75 21.86
1 Year Return 98.32 24.81 8.27 47.12 32.97
ROCE 17.62 58.04 44.36 27.62 17.11
ROE 15.63 47.26 36.42 23.32 15.89
INSIDER & INSTITUIONAL ACTIVITY

Equity Capital: 3,466.70 Cr FV: 5.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 30,755.54 31,723.05
LAST 3M 69,913.40 26,515.65
LAST 6M 130,081.93 60,306.69
LAST 12M 189,259.39 205,003.99

Cyient Ltd Information

Stock PE (TTM)
29.96
Promoter Holding
23.18%
Book Value
364.2891
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 Mar 28, 2024 01:44 PM the closing price of Cyient Ltd was ₹ 1,999.50.

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 Mar 28, 2024 01:44 PM, the market cap of Cyient Ltd stood at ₹ 22,156.66.

The latest PE ratio of Cyient Ltd as of Mar 28, 2024 01:44 PM is 29.96

The latest PB ratio of Cyient Ltd as of Mar 28, 2024 01:44 PM is 0.19

The 52-week high of Cyient Ltd share price is ₹ 2,458.95 while the 52-week low is ₹ 959.50

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

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