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Cyient Ltd share Price

Company details

6M Return 54.76%
1Y Return 57.45%
Mkt Cap.(Cr) 14,081.73
Volume 172,832
Div Yield 2.01%
OI Chg %
Volume 172,832

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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%


    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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Cyient Ltd.

Q4FY23 Quarterly Result Announced for Cyient Ltd.

IT Consulting & Software company Cyient announced Q4FY23 results

  • Financial highlights for Q4FY23:
    • Group revenue at $213.0 million; growth of 39.1% cc YoY (35.9% in US$) and 6.6% cc QoQ (8.1% in US$).
    • Group revenue at Rs 17,514 million; growth of 48.3% YoY and 8.2% QoQ.
    • Consolidated services revenue at $176.2 million; growth of 38.4% cc YoY (35.0% in US$) and 3.2% cc QoQ (4.9% in US$). Core services revenue growth is 12.0% cc YoY and 2.6% cc QoQ.
    • Normalised group EBITDA margin at 18.4%; up by 118 bps QoQ and 30 bps YoY.
    • Normalised group EBIT margin at 14.2%; up by 136 bps QoQ and down by 21 bps YoY.
    • Normalised consolidated services EBIT margin at 15.1%; up by 117 bps QoQ and down by 27 bps YoY.
    • Normalised free cash flow generation for the quarter at Rs 2,614 million, a conversion of 81.8% on normalised EBITDA(conversion of 148.6% on normalised PAT)
    • Normalised PAT at Rs 1,760 mn for the quarter; growth of 14.1% YoY and 8.1% QoQ.
  • Financial highlights for FY23:
    • Group revenue at $746.3 million; growth of 26.9% cc YoY (22.7% in US$).
    • Group revenue at Rs 60,159 million; growth of 32.7% YoY.
    • Consolidated services revenue at $632.4 million; growth of 30.2% cc YoY (25.6% in US$).
    • Core services revenue growth is 12.1% cc YoY.
    • Normalised group EBITDA margin at 17.0%; down by 110 bps YoY.
    • Normalised group EBIT margin at 12.8%; down by 113bps YoY.
    • Normalised consolidated services EBIT margin at 13.7%; down by 160 bps YoY.
    • Normalised free cash flow generation for the year at Rs 5,467 million, a conversion of 50.8% on normalised EBITDA (conversion of 96.7% on normalised PAT).
    • Normalised PAT at Rs 5,651 million for the year; growth of 8.2% YoY.
    • Highest ever total dividend of Rs 26 per share.

Commenting on the results, Krishna Bodanapu, Executive Vice-Chairman and Managing Director, said “Cyient witnessed positive Q4FY23 results, with the highest quarterly group revenue at $213.0 million, growth of 6.6% QoQ, and 39.1% YoY in constant currency. The services revenue was $176.2 million, a growth of 3.2% QoQ and 38.4% YoY in constant currency, driven by growth across the transportation, mobility and sustainability BUs. The normalized group EBIT margins, at 14.2%, is higher by 136 bps QoQ and lower by 21 bps YoY due to the amortisation costs of acquisitions. The normalised group EBITDA margin, at 18.4%, is higher by 118 bps QoQ and 30 bps YoY.  

We continue to witness strong momentum across the business, driven by key wins, robust order intake, and a strong pipeline. We won 5 large deals in core services with a strong total contract potential of $185.1 million this quarter. We also witnessed significant growth across key accounts, with revenue from the top 30 accounts growing at 16.0% YoY in constant currency terms. We have a strong order intake at $212.7 million in Q4 FY23, which has contributed to the highest ever group order intake".


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Investment recommendation

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


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Cyient Ltd Stocks COMPARISION


Equity Capital: 3,116.60 Cr FV: 5.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 943.10 32,637.51
LAST 3M 17,174.81 50,737.17
LAST 6M 66,045.02 26,732.81
LAST 12M 121,409.17 72,523.78

Cyient Ltd Information

Stock PE (TTM)
Promoter Holding
Book Value
  • 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
Website : http://www.cyient.com

Karvy Computershare Pvt Ltd

AGM Date (Month) : Jun
Face Value Equity Shares : 5
Market Lot Equity Shares : 1
BSE Code : 532175
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 May 30, 2023 02:09 PM the closing price of Cyient Ltd was ₹ 1,273.50.

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 May 30, 2023 02:09 PM, the market cap of Cyient Ltd stood at ₹ 14,081.73.

The latest PE ratio of Cyient Ltd as of May 30, 2023 02:09 PM is 26.12

The latest PB ratio of Cyient Ltd as of May 30, 2023 02:09 PM is 0.24

The 52-week high of Cyient Ltd is ₹ 1,416.00 while the 52-week low is ₹ 723.80

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

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