Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
post
Last Updated: April 2, 2026, 2:48 am
Author: Getaka|Social: XLinkedIn

Cyient DLM Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹275.89Fairly Valued by 3.20%vs CMP ₹285.00

P/E (33.4) × ROE (8.2%) × BV (₹123.00) × DY (2.00%)

₹132.39Overvalued by 53.55%vs CMP ₹285.00
MoS: -115.3% (Negative)Confidence: 68/100 (Moderate)Models: All 9: Overvalued
ModelCategoryValueWeightSignal
PE-ROEEarnings₹136.1522%Over (-52.2%)
Graham NumberEarnings₹153.5516%Over (-46.1%)
Earnings PowerEarnings₹48.8211%Over (-82.9%)
DCFCash Flow₹71.5513%Over (-74.9%)
Net Asset ValueAssets₹122.657%Over (-57%)
EV/EBITDAEnterprise₹197.529%Over (-30.7%)
Earnings YieldEarnings₹85.207%Over (-70.1%)
ROCE CapitalReturns₹234.539%Over (-17.7%)
Revenue MultipleRevenue₹169.545%Over (-40.5%)
Consensus (9 models)₹132.39100%Overvalued
Key Drivers: EPS CAGR -50.7% drags value — could be higher if earnings stabilize. | Wide model spread (₹49–₹235) — high uncertainty.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: -50.7%

*Investments are subject to market risks

Investment Snapshot

53
Cyient DLM Ltd scores 53/100 (Average)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health60/100 · Moderate
ROCE 12.3% GoodROE 8.2% AverageD/E 1.59 High debtInterest Coverage 0.0x RiskyProfitable 5/5 years Consistent
Smart Money30/100 · Weak
FII holding down -1.91% (6mo) SellingPromoter holding at 52.1% Stable
Earnings Quality50/100 · Moderate
OPM stable around 10% Steady
Quarterly Momentum43/100 · Moderate
Revenue (4Q): -27% YoY DecliningProfit (4Q): +5% YoY Positive
Industry Rank75/100 · Strong
P/E 33.4 vs industry 57.9 Cheaper than peersROCE 12.3% vs industry 11.2% Average3Y sales CAGR: 23% High growth

Weights: Health 30% · Earnings Quality 25% · Momentum 20% · Industry Rank 15% · Smart Money 10%. Scores are computed from reported financials and recalculated daily. Not investment advice.

Cyient DLM Ltd Investor Signals

Computed from valuation, cash flow, balance sheet, ownership and quarterly trend data already available in this stock page.

Value Trap Score
60/100
Moderate
Derived from: Cheapness + weak quality + weak cash support
Current data: P/E 33.4 vs Ind 57.9 | ROCE 12.3% | ROE 8.2% | CFO/NP N/A
Balance Sheet Stress
30/100
Comfortable
Derived from: Leverage + debt servicing + liquidity + debt trend
Current data: D/E 1.59x | IntCov 0.0x | Current 1.13x | Borrow/Reserve 0.12x
Cash Flow Reliability
14/100
Weak
Derived from: Cash backing of earnings + working capital pressure
Current data: CFO ₹0 Cr | NP ₹77 Cr | CFO/NP N/A
Ownership Accumulation
0
Neutral
Derived from: FII + DII + promoter direction, adjusted by crowding
Current data: FII -1.72 pp | DII +0.07 pp | Prom 0.00 pp
Business Momentum
-71
Early weakness
Derived from: Latest quarter sales + profit + OPM change
Current data: Q Sales -7.8% | Q NP -41.7% | Q OPM -3.2 pp
Derived FieldValueHow it is derived
Valuation Gap %-53.5%((Fair Value - CMP) / CMP) × 100
Borrowings / Reserves0.12xLatest borrowings divided by latest reserves
CFO / Net ProfitN/ALatest operating cash flow divided by latest net profit
FII Change-1.72 ppLatest FII% minus previous FII%
DII Change+0.07 ppLatest DII% minus previous DII%
Promoter Change0.00 ppLatest promoter% minus previous promoter%
Shareholder Count Change-3,205Latest shareholder count minus previous count
Quarterly Sales Change-7.8%Latest quarter sales vs previous quarter sales
Quarterly Profit Change-41.7%Latest quarter net profit vs previous quarter net profit
Quarterly OPM Change-3.2 ppLatest quarter OPM minus previous quarter OPM

Share Price and Basic Stock Data

Last Updated: April 2, 2026, 2:48 am

Market Cap 2,261 Cr.
Current Price 285
Intrinsic Value₹132.39
High / Low 541/265
Stock P/E33.4
Book Value 123
Dividend Yield0.00 %
ROCE12.3 %
ROE8.23 %
Face Value 10.0
PEG Ratio-0.66

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

View Share Price Target for Cyient DLM Ltd

Competitors

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
Cyient DLM Ltd 2,261 Cr. 285 541/26533.4 1230.00 %12.3 %8.23 % 10.0
Hind Rectifiers Ltd 2,414 Cr. 702 1,054/40046.0 55.40.14 %21.6 %25.7 % 2.00
MIC Electronics Ltd 758 Cr. 31.5 83.0/30.081.6 9.480.00 %8.71 %5.57 % 2.00
Centum Electronics Ltd 4,224 Cr. 2,866 3,067/1,31075.9 2740.21 %12.0 %3.14 % 10.0
BCC Fuba India Ltd 231 Cr. 116 191/80.747.1 13.00.00 %18.7 %17.4 % 10.0
Industry Average3,369.78 Cr1,197.2657.90160.650.20%11.17%15.55%7.92

All Competitor Stocks of Cyient DLM Ltd

Quarterly Result

MetricDec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales 214.40277.36217.15291.84321.04361.84257.89389.45357.30340.32206.33235.64217.30
Expenses 193.77245.45197.16268.29291.60323.79237.82357.72327.75282.75181.24208.29199.12
Operating Profit 20.6331.9119.9923.5529.4438.0520.0731.7329.5557.5725.0927.3518.18
OPM % 9.62%11.50%9.21%8.07%9.17%10.52%7.78%8.15%8.27%16.92%12.16%11.61%8.37%
Other Income -0.21-1.290.919.289.328.318.897.108.413.474.263.064.05
Interest 8.468.579.087.598.309.428.0310.979.907.116.974.934.18
Depreciation 4.704.834.835.485.766.256.696.877.007.197.137.227.38
Profit before tax 7.2617.226.9919.7624.7030.6914.2420.9921.0646.7415.2518.2610.67
Tax % 21.35%26.89%23.32%25.86%25.30%25.90%25.00%25.92%26.02%25.33%26.10%25.90%26.05%
Net Profit 5.7212.595.3614.6518.4422.7410.6715.5515.5834.9011.2713.547.89
EPS in Rs 1.082.380.941.852.332.871.351.961.964.401.421.710.99

Last Updated: February 6, 2026, 6:16 am

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: February 23, 2026, 8:16 pm

MetricMar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales 4804576287218321,1921,3451,000
Expenses 4624435826367441,0811,206871
Operating Profit 1914468488111139128
OPM % 4%3%7%12%11%9%10%13%
Other Income 28986282815
Interest 1418212232343623
Depreciation 811181919222829
Profit before tax -1-71651438210391
Tax % -43%-7%24%22%26%25%26%
Net Profit -1-7124032617768
EPS in Rs -5.78-49.0186.39291.156.007.729.678.52
Dividend Payout % 0%0%0%0%0%0%0%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2019-20202020-20212021-20222022-20232023-20242024-2025
YoY Net Profit Growth (%)-600.00%271.43%233.33%-20.00%90.62%26.23%
Change in YoY Net Profit Growth (%)0.00%871.43%-38.10%-253.33%110.62%-64.40%

Cyient DLM Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 6 years from 2019-2020 to 2024-2025.

Growth

Last Updated: September 5, 2025, 2:30 am

Balance Sheet

Last Updated: February 1, 2026, 12:33 am

MonthMar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital 111153797979
Reserves 34243676145830876894
Borrowings 160308279337356192196103
Other Liabilities 271260328363551502370413
Total Liabilities 4665936457771,1051,6031,5211,490
Fixed Assets 48106186172161192203200
CWIP 177231164
Investments -00009066156153
Other Assets 4174104576018531,3441,1561,133
Total Assets 4665936457771,1051,6031,5211,490

Reserves and Borrowings Chart

Cash Flow

MonthMar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity + 2913354954-71-62
Cash from Investing Activity + -10-83-1-32-142-428119
Cash from Financing Activity + -270-434672479-66
Net Cash Flow 170-962-16-19-10
Free Cash Flow 17-7084146-104-110
CFO/OP 156%95%76%65%81%-46%-26%

Free Cash Flow

MonthMar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow-141.00-294.00-233.00-253.00-268.00-81.00-57.00

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 2024Mar 2025
Debtor Days 914413277716981
Inventory Days 170223115181240184175
Days Payable 9210514012916112382
Cash Conversion Cycle 170161106129150131175
Working Capital Days 52-107-48-25-3276108
ROCE %4%11%20%16%14%12%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthJun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Promoters 66.66%66.66%66.66%66.66%66.66%52.16%52.16%52.16%52.12%52.12%52.12%
FIIs 7.17%6.23%6.32%7.04%5.14%7.76%3.64%2.38%2.48%2.19%0.47%
DIIs 12.18%12.28%11.22%12.56%17.44%27.77%29.41%28.64%28.16%28.74%28.81%
Public 13.99%14.82%15.80%13.73%10.75%12.31%14.78%16.81%17.23%16.94%18.59%
No. of Shareholders 44,79147,88359,71157,97877,90693,9341,05,4891,08,9111,10,6181,06,9701,03,765

Shareholding Pattern Chart

No. of Shareholders

Cyient DLM Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
HDFC Defence Fund 5,510,876 2.65 206.41N/AN/AN/A
HDFC Manufacturing Fund 2,200,000 0.8 82.4N/AN/AN/A
Nippon India Power & Infra Fund 1,674,649 0.93 62.722,217,1492026-02-23 00:43:04-24.47%
Nippon India Multi Cap Fund 1,320,000 0.1 49.44N/AN/AN/A
Nippon India Small Cap Fund 1,256,139 0.07 47.05902,1502025-10-16 07:28:5039.24%
Aditya Birla Sun Life Value Fund 1,077,494 0.65 40.36N/AN/AN/A
Aditya Birla Sun Life Digital India Fund 1,010,863 0.8 37.861,020,8772025-12-08 04:23:34-0.98%
ICICI Prudential Technology Fund 988,132 0.24 37.01N/AN/AN/A
Franklin India Multi Cap Fund 968,136 0.74 36.26N/AN/AN/A
DSP India T.I.G.E.R. Fund 776,839 0.56 29.1N/AN/AN/A

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 25Mar 24Mar 23
FaceValue 10.0010.0010.00
Basic EPS (Rs.) 8.588.427.75
Diluted EPS (Rs.) 8.568.397.75
Cash EPS (Rs.) 12.8810.539.67
Book Value[Excl.RevalReserv]/Share (Rs.) 119.72114.6237.43
Book Value[Incl.RevalReserv]/Share (Rs.) 119.72114.6237.43
Revenue From Operations / Share (Rs.) 191.62150.29157.38
PBDIT / Share (Rs.) 20.5917.5117.80
PBIT / Share (Rs.) 16.3014.6914.13
PBT / Share (Rs.) 11.5710.368.16
Net Profit / Share (Rs.) 8.587.726.00
NP After MI And SOA / Share (Rs.) 8.587.726.00
PBDIT Margin (%) 10.7411.6411.30
PBIT Margin (%) 8.509.778.97
PBT Margin (%) 6.036.895.18
Net Profit Margin (%) 4.475.133.81
NP After MI And SOA Margin (%) 4.475.133.81
Return on Networth / Equity (%) 7.176.7316.03
Return on Capital Employeed (%) 11.1410.9520.75
Return On Assets (%) 4.013.812.87
Long Term Debt / Equity (X) 0.150.080.50
Total Debt / Equity (X) 0.250.141.59
Asset Turnover Ratio (%) 0.920.880.00
Current Ratio (X) 2.402.461.13
Quick Ratio (X) 1.331.600.55
Inventory Turnover Ratio (X) 2.942.130.00
Interest Coverage Ratio (X) 4.354.042.99
Interest Coverage Ratio (Post Tax) (X) 2.812.782.01
Enterprise Value (Cr.) 3581.455308.590.00
EV / Net Operating Revenue (X) 2.364.450.00
EV / EBITDA (X) 21.9338.240.00
MarketCap / Net Operating Revenue (X) 2.394.790.00
Price / BV (X) 3.826.280.00
Price / Net Operating Revenue (X) 2.394.790.00
EarningsYield 0.010.010.00

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

About the Company - Qualitative Analysis

Cyient DLM Ltd. is a Public Limited Listed company incorporated on 30/06/1993 and has its registered office in the State of Telangana, India. Company's Corporate Identification Number(CIN) is L31909TG1993PLC141346 and registration number is 014470. Currently Company is involved in the business activities of Manufacture of bare printed circuit boards, loading of components onto printed circuit boards; manufacture of interface cards (e.g. sound, video, controllers, network, modems). Company's Total Operating Revenue is Rs. 1344.96 Cr. and Equity Capital is Rs. 79.31 Cr. for the Year ended 31/03/2025.
INDUSTRYADDRESSCONTACT
Electronics - Equipment/ComponentsPlot No. 5G, Survey No. 99/1, Hyderabad Telangana 500108Contact not found
Management
NamePosition Held
Mr. Krishna BodanapuNon Executive Chairman
Mr. Rajendra VelagapudiManaging Director
Mr. B V R Mohan ReddyNon Executive Director
Ms. Vanitha DatlaIndependent Director
Mr. Jehangir ArdeshirIndependent Director
Mr. Muralidhar YadamaIndependent Director
Dr. Ajay KumarIndependent Director
Mr. Madan PillutlaIndependent Director

FAQ

What is the intrinsic value of Cyient DLM Ltd and is it undervalued?

As of 05 April 2026, Cyient DLM Ltd's intrinsic value is ₹132.39, which is 53.55% lower than the current market price of ₹285.00, suggesting the stock is overvalued. This is calculated using the PE ratio method factoring in ROE (8.23 %), book value (₹123), dividend yield (0.00 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of Cyient DLM Ltd?

Cyient DLM Ltd is trading at ₹285.00 as of 05 April 2026, with a FY2026-2027 high of ₹541 and low of ₹265. The stock is currently near its 52-week low. Market cap stands at ₹2,261 Cr..

How does Cyient DLM Ltd's P/E ratio compare to its industry?

Cyient DLM Ltd has a P/E ratio of 33.4, which is below the industry average of 57.90. This is broadly in line with or below the industry average.

Is Cyient DLM Ltd financially healthy?

Key indicators for Cyient DLM Ltd: ROCE of 12.3 % is moderate. Dividend yield is 0.00 %.

Is Cyient DLM Ltd profitable and how is the profit trend?

Cyient DLM Ltd reported a net profit of ₹77 Cr in Mar 2025 on revenue of ₹1,345 Cr. Compared to ₹40 Cr in Mar 2022, the net profit shows an improving trend.

Does Cyient DLM Ltd pay dividends?

Cyient DLM Ltd has a dividend yield of 0.00 % at the current price of ₹285.00. The company is currently not paying meaningful dividends.

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
Explore Industry-wise Stock Analysis Reports