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Last Updated on: 21 November, 2024
Author: Getaka|Social: Getaka Financial Services X (Earlier Twitter) Profile Getaka Financial Services LinkedIn Logo

Cyient DLM Ltd: Intrinsic Value and Fundamental Analysis

Share Price and Basic Stock Data

Last Updated: November 21, 2024, 10:18 pm

Market Cap 4,935 Cr.
Current Price 623
High / Low884/580
Stock P/E73.2
Book Value 118
Dividend Yield0.00 %
ROCE14.1 %
ROE11.1 %
Face Value 10.0
PEG Ratio1.10

Stock P/E, Current Price, and Intrinsic Value Over Time

View Share Price Target for Cyient DLM Ltd

Competitors of Cyient DLM Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Cyient DLM Ltd 4,935 Cr. 623884/58073.2 1180.00 %14.1 %11.1 % 10.0
Industry Average4,935.00 Cr623.0073.20118.000.00%14.10%11.10%10.00

All Competitor Stocks of Cyient DLM Ltd

Quarterly Result

MonthSep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Sales170214277217292321
Expenses146194245197268292
Operating Profit242132202429
OPM %14%10%12%9%8%9%
Other Income-1-0-1199
Interest889988
Depreciation555556
Profit before tax1071772025
Tax %30%21%27%23%26%25%
Net Profit761351518
EPS in Rs24.171.082.380.941.852.33

Last Updated: Unknown

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: Unknown

MonthMar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Sales480457628721832
Expenses462443582636744
Operating Profit1914468488
OPM %4%3%7%12%11%
Other Income28986
Interest1418212232
Depreciation811181919
Profit before tax-1-7165143
Tax %43%7%24%22%26%
Net Profit-1-7124032
EPS in Rs-5.78-49.0186.39291.156.00
Dividend Payout %-0%-0%-0%-0%-0%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2019-20202020-20212021-20222022-2023
YoY Net Profit Growth (%)-600.00%271.43%233.33%-20.00%
Change in YoY Net Profit Growth (%)0.00%871.43%-38.10%-253.33%

Cyient DLM Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 4 years from 2019-2020 to 2022-2023.

Growth

Compounded Sales Growth
10 Years:%
5 Years:20%
3 Years:24%
TTM:33%
Compounded Profit Growth
10 Years:%
5 Years:140%
3 Years:73%
TTM:76%
Stock Price CAGR
10 Years:%
5 Years:%
3 Years:%
1 Year:-3%
Return on Equity
10 Years:%
5 Years:17%
3 Years:18%
Last Year:11%

Last Updated: Unknown

Balance Sheet

Last Updated: November 15, 2024, 1:29 am

MonthMar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Sep 2024
Equity Capital1111537979
Reserves34243676145830858
Borrowings160308279337356192343
Other Liabilities271260328363551502411
Total Liabilities4665936457771,1051,6031,692
Fixed Assets48106186172161192198
CWIP17723116
Investments00009066192
Other Assets4174104576018531,3441,296
Total Assets4665936457771,1051,6031,692

Reserves and Borrowings Chart

Cash Flow

MonthMar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Cash from Operating Activity +2916354954-71
Cash from Investing Activity +-10-88-1-32-142-428
Cash from Financing Activity +-272-434672479
Net Cash Flow170-962-16-19

Free Cash Flow

MonthMar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Free Cash Flow-141.00-294.00-233.00-253.00-268.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

MonthMar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Debtor Days9144132777169
Inventory Days170223115181240184
Days Payable92105140129161127
Cash Conversion Cycle170161106129150126
Working Capital Days524354766597
ROCE %4%11%20%16%14%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthJun 2023Sep 2023Dec 2023Mar 2024Jun 2024
Promoters66.66%66.66%66.66%66.66%66.66%
FIIs7.17%6.23%6.32%7.04%5.14%
DIIs12.18%12.28%11.22%12.56%17.44%
Public13.99%14.82%15.80%13.73%10.75%
No. of Shareholders44,79147,88359,71157,97877,906

Shareholding Pattern Chart

No. of Shareholders

Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
Nippon India Power & Infra Fund962,0122.2761.51200,0002024-11-20381.01%
Nippon India Small Cap Fund902,1500.1557.68200,0002024-11-20351.08%
DSP Tiger Fund774,1112.0149.5200,0002024-11-20287.06%
Nippon India Retirement Fund - Wealth Creation Scheme637,1761.640.74200,0002024-11-20218.59%
Aditya Birla Sun Life Digital India Fund401,8960.6525.7200,0002024-11-20100.95%
Aditya Birla Sun Life Small Cap Fund265,4690.3716.97200,0002024-11-2032.73%
LIC MF Large & Mid Cap Fund243,3220.7115.56200,0002024-11-2021.66%
Edelweiss Recently Listed IPO Fund200,0001.4412.79200,0002024-11-200%
Aditya Birla Sun Life Infrastructure Fund150,3481.289.61200,0002024-11-20-24.83%
Bank of India Mid & Small Cap Equity & Debt Fund44,0000.572.81200,0002024-11-20-78%

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 24Mar 23
FaceValue10.0010.00
Basic EPS (Rs.)8.427.75
Diluted EPS (Rs.)8.397.75
Cash EPS (Rs.)10.539.67
Book Value[Excl.RevalReserv]/Share (Rs.)114.6237.43
Book Value[Incl.RevalReserv]/Share (Rs.)114.6237.43
Revenue From Operations / Share (Rs.)150.29157.38
PBDIT / Share (Rs.)17.5117.80
PBIT / Share (Rs.)14.6914.13
PBT / Share (Rs.)10.368.16
Net Profit / Share (Rs.)7.726.00
NP After MI And SOA / Share (Rs.)7.726.00
PBDIT Margin (%)11.6411.30
PBIT Margin (%)9.778.97
PBT Margin (%)6.895.18
Net Profit Margin (%)5.133.81
NP After MI And SOA Margin (%)5.133.81
Return on Networth / Equity (%)6.7316.03
Return on Capital Employeed (%)10.9520.75
Return On Assets (%)3.812.87
Long Term Debt / Equity (X)0.080.50
Total Debt / Equity (X)0.141.59
Asset Turnover Ratio (%)0.880.00
Current Ratio (X)2.461.13
Quick Ratio (X)1.600.55
Inventory Turnover Ratio (X)2.130.00
Interest Coverage Ratio (X)4.042.99
Interest Coverage Ratio (Post Tax) (X)2.782.01
Enterprise Value (Cr.)5308.590.00
EV / Net Operating Revenue (X)4.450.00
EV / EBITDA (X)38.240.00
MarketCap / Net Operating Revenue (X)4.790.00
Price / BV (X)6.280.00
Price / Net Operating Revenue (X)4.790.00
EarningsYield0.010.00

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of Cyient DLM Ltd as of November 21, 2024 is: 977.95

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

As of November 21, 2024, Cyient DLM Ltd is Undervalued by 56.97% compared to the current share price 623.00

Intrinsic Value of Cyient DLM Ltd as of November 21, 2024 is: 1,627.88

Calculation basis:

  • Intrinsic value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
  • EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the intrinsic value of the stock by analyzing its fundamental indicators along with EPS growth.

As of November 21, 2024, Cyient DLM Ltd is Undervalued by 161.30% compared to the current share price 623.00

Last 5 Year EPS CAGR: 66.46%

*Investments are subject to market risks

Strength and Weakness

StrengthWeakness
  1. The company has higher reserves (286.14 cr) compared to borrowings (282.14 cr), indicating strong financial stability.
  2. The company has shown consistent growth in sales (623.60 cr) and profit (20.40 cr) over the years.
  1. The stock has a low average ROCE of 10.83%, which may not be favorable.
  2. The stock has a high average Working Capital Days of 64.50, which may not be favorable.
  3. The stock has a high average Cash Conversion Cycle of 140.33, which may not be favorable.

Stock Analysis

  • Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in Cyient DLM Ltd:
    1. Net Profit Margin: 5.13%
      • Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
    2. ROCE: 10.95% (Industry Average ROCE: 14.1%)
      • ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
    3. ROE%: 6.73% (Industry Average ROE: 11.1%)
      • ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
    4. Interest Coverage Ratio (Post Tax): 2.78
      • Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
    5. Quick Ratio: 1.6
      • Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
    6. Stock P/E: 73.2 (Industry average Stock P/E: 73.2)
      • Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
    7. Total Debt / Equity: 0.14
      • Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
    The current analysis is available for review. It's important to conduct thorough research and consider consulting with financial professionals before making any investment decisions.
    Stock Rating:

About the Company - Qualitative Analysis

Electronics - Equipment/Components
INDUSTRYADDRESSCONTACT
Plot No. 5G, Survey No. 99/1, Mamidipalli Village, Hyderabad Telangana 500108Mr.Ganesh%20Venkat%20Krishna%20Bodanapu
Chairman%20&%20Non-Exe.Director
Management
NamePosition Held
Mr. Rajendra VelagapudiManaging Director
Mr. Venkat Rama Mohan Reddy BodanapuNon Executive Director
Ms. Vanitha DatlaIndependent Director
Mr. Jehangir ArdeshirIndependent Director
Mr. Pillutla Madan MohanIndependent Director
Mr. Muralidhar YadamaIndependent Director
Mr. Ajay KumarIndependent Director

FAQ

What is the latest intrinsic value of Cyient DLM Ltd?

The latest intrinsic value of Cyient DLM Ltd as on 21 November 2024 is ₹977.95, which is 56.97% higher than the current market price of ₹623.00.

What is the Market Cap of Cyient DLM Ltd?

The Market Cap of Cyient DLM Ltd is 4,935 Cr..

What is the current Stock Price of Cyient DLM Ltd as on 21 November 2024?

The current stock price of Cyient DLM Ltd as on 21 November 2024 is ₹623.

What is the High / Low of Cyient DLM Ltd stocks in FY 2024?

In FY 2024, the High / Low of Cyient DLM Ltd stocks is 884/580.

What is the Stock P/E of Cyient DLM Ltd?

The Stock P/E of Cyient DLM Ltd is 73.2.

What is the Book Value of Cyient DLM Ltd?

The Book Value of Cyient DLM Ltd is 118.

What is the Dividend Yield of Cyient DLM Ltd?

The Dividend Yield of Cyient DLM Ltd is 0.00 %.

What is the ROCE of Cyient DLM Ltd?

The ROCE of Cyient DLM Ltd is 14.1 %.

What is the ROE of Cyient DLM Ltd?

The ROE of Cyient DLM Ltd is 11.1 %.

What is the Face Value of Cyient DLM Ltd?

The Face Value of Cyient DLM Ltd is 10.0.

About the Author

Author Avatar
Getaka

Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Cyient DLM Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE