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- Cyient has 300 customers across 14 countries
- Net debt free and healthy cash flow with OCF/EBITDA ~80%
Cyient Ltd (Cyient) offers engineering & development services to aerospace & defence, transportation, E&U, communication and others.
Cyient Ltd (Cyient) offers engineering & development services to aerospace & defence, transportation, E&U, communication and others.
Cyient reported strong Q4 results.
Commenting on the results, Krishna Bodanapu, Executive Vice Chairman and Managing Director, said, “Cyient Group witnessed soft Q1FY25 results, with Group quarterly revenue at USD 200.9 million, degrowth of 1.5% YoY in constant currency.
Cyient’s Digital, Engineering and Technology (DET) business delivered revenue at USD 169.6 million, degrowth of 5.0% QoQ and degrowth of 3.6% YoY in constant currency. DET EBIT margin stood at 13.5%, declined by 260 bps YoY.
We expect DET revenue growth for FY25 to be flattish YoY in constant currency terms due to the Q1FY25 impact. Our top customer engagement as well as our FY24 exit order intake grew double-digit YoY. We won 5 large deals in DET with a total contract potential of USD 52.4 Mn in this quarter. With this, we are confident that we have taken steps to align the supply to the demand. We believe this will translate into improved revenue realization and drive a sharp recovery of growth through the coming quarters.
The announcement of Cyient’s Semiconductor subsidiary marks a significant step forward in our commitment to innovation and excellence across the global semiconductor landscape. Our dedicated approach to turnkey ASIC design and chip sales positions us well to capitalize on the opportunities within the global semiconductor. We also remain committed to strengthening our intelligent engineering solutions across key megatrends.”
Karthikeyan Natarajan, Executive Director and Chief Executive Officer, Cyient, said, “We secured five large deals this quarter across Connectivity, Aerospace and Sustainability. Our pipeline for the year remains strong, and we are committed to delivering Intelligent Engineering solutions for our customers. The new growth segments and Sustainability delivered growth YoY.
We had a challenging Q1, however we remain confident that with our balanced portfolio and investment in technology solutions, we will achieve growth in the mid-to-long term to deliver value to stakeholders. I extend my gratitude to all our associates for their dedication and to our customers for their continued trust in us.”
During the quarter, the company was honored with the Premier Award for performance in 2023 and overall excellence in Cost Competitiveness, Collaboration & Customer Service from its customer RTX, for the third consecutive year.
For the second year in a row, ISG recognized Cyient as a leader in Digital Engineering for Design and Development, Platform and Application Services, and Intelligent Operations for North America and EMEA.
| Financials( ₹ in Cr) | Cyient Ltd | Tata Consultancy Services Ltd | Infosys Ltd | HCL Technologies Ltd | Wipro Ltd |
|---|---|---|---|---|---|
| Price | 1,789.90 | 4,387.85 | 1,878.90 | 1,635.35 | 524.80 |
| % Change | -5.51 | 1.51 | 2.96 | 3.01 | 3.54 |
| Mcap ₹ Cr | 19,852.85 | 1,587,562.74 | 780,124.54 | 443,779.21 | 274,479.01 |
| Revenue TTM ₹ Cr | 7,147.20 | 240,893.00 | 153,670.00 | 109,913.00 | 89,760.30 |
| Net Profit TTM ₹ Cr | 702.80 | 46,099.00 | 26,248.00 | 15,710.00 | 11,112.10 |
| PE TTM | 28.37 | 33.36 | 29.26 | 27.00 | 24.57 |
| 1 Year Return | 22.05 | 29.09 | 40.78 | 47.12 | 31.07 |
| ROCE | 20.28 | 62.85 | 44.74 | 28.63 | 16.38 |
| ROE | 18.20 | 51.04 | 37.12 | 23.51 | 14.60 |
Equity Capital: 4,258.00 Cr FV: 5.00
| Period | MF Net Purchase / (sold) | FII Net |
|---|---|---|
| LAST 1M | 3,555.27 | 41,445.87 |
| LAST 3M | 81,242.17 | 56,953.52 |
| LAST 6M | 176,360.83 | 56,552.99 |
| LAST 12M | 304,497.96 | 86,223.40 |
| Date | Action Type | Ratio |
|---|---|---|
| Jun 21, 2024 | Dividend | 360 |
| Nov 01, 2023 | Dividend | 240 |
| Jun 12, 2023 | Dividend | 320 |
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
4th Floor A-Wing Plot No 11, Software Unit Layout Madhapur, Hyderabad, Telangana, 500081
| Tel | : | 91-40-67641000/67641696/23124006 |
| : | Company.Secretary:cyient.com; company.secretary:in | |
| 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 |
| NSE Code | : | CYIENT |
| Book Closure Date (Month) | : | Jun |
| BSE Group | : | A |
| ISIN | : | INE136B01020 |
FAQ’s on Cyient Ltd SharesYou 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 Jul 26, 2024 03:59 PM the closing price of Cyient Ltd was Rs.1,789.90.
The latest PE ratio of Cyient Ltd as of Jul 26, 2024 03:59 PM is 28.37
The latest PB ratio of Cyient Ltd as of Jul 26, 2024 03:59 PM is 0.21
The 52-week high of Cyient Ltd share price is Rs. 2,458.95 while the 52-week low is Rs. 1,422.90
According to analyst recommendations, Cyient Ltd Share has a "Buy" rating for the long term.
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 Jul 26, 2024 03:59 PM, the market cap of Cyient Ltd stood at Rs. 19,852.85 Cr.
