Cyient Ltd (Cyient) offers engineering & development services to aerospace & defence, transportation, E&U, communication and others.
Cyient reported muted Q4FY22 results.
IT Consulting & Software company Cyient announced Q4FY23 results:
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".
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 |
| Date | Action Type | Ratio |
|---|---|---|
| Oct 25, 2022 | Dividend | 200 |
| May 23, 2022 | Dividend | 280 |
| Oct 26, 2021 | Dividend | 200 |
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.
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4th Floor A-Wing Plot No 11, Software Unit Layout Madhapur, Hyderabad, Telangana, 500081
| Tel | : | 91-40-67641000/67641696/23124006 |
| : | 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 |
| 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 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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