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Last Updated on: 30 May, 2024|Author: Getaka | Social: X Twitter Profile

Fundamental Analysis of Cyient Ltd

About the Company - Cyient Ltd

Cyient Ltd. is a Public Limited Listed company incorporated on 28/08/1991 and has its registered office in the State of Andhra Pradesh, India. Company’s Corporate Identification Number(CIN) is L72200TG1991PLC013134 and registration number is 013134. Currently Company is involved in the business activities of Other information technology and computer service activities n.e.c. Company’s Total Operating Revenue is Rs. 1750.50 Cr. and Equity Capital is Rs. 55.20 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
IT Consulting & Software4th Floor, �A� Wing, 11, Software Units Layout, Hyderabad Telangana 500081company.secretary@cyient.com
http://www.cyient.com
Management
NamePosition Held
Mr. B V R Mohan ReddyFounder & Executive Chairman
Mr. M M MurugappanNon Executive Chairman
Mr. Krishna BodanapuManaging Director & CEO
Mr. Karthikeyan NatarajanCOO & Executive Director
Mr. Ajay AggarwalExecutive Director & CFO
Mr. Alain De TaeyeNon Executive Director
Ms. Matangi GowrishankarIndependent Director
Mr. Vikas SehgalIndependent Director
Mr. Vinai ThummalapallyIndependent Director
Mr. Vivek Narayan GouirIndependent Director
Mr. Ramesh AbhishekIndependent Director

Basic Stock Data of Cyient Ltd

Last Updated: May 15, 2024, 7:45 am

Market Cap 18,866 Cr.
Current Price 1,701
High / Low2,459/1,209
Stock P/E25.8
Book Value 384
Dividend Yield1.53 %
ROCE22.0 %
ROE18.9 %
Face Value 5.00
PEG Ratio1.83

Cyient Ltd Quarterly Results

MonthSep 2020Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
Sales1,0031,0441,0931,0581,1121,1831,1811,2501,3961,6181,7511,6861,778
Expenses8458819388729049729691,0571,1921,3351,4291,3711,453
Operating Profit158164155186207212212193205283322316326
OPM %16%16%14%18%19%18%18%15%15%18%18%19%18%
Other Income922402615224934-219-16-17
Interest1012111091010163126262827
Depreciation48494949524943516370736866
Profit before tax109125135154162175208160108206208219240
Tax %23%24%23%25%25%25%26%27%27%24%21%23%24%
Net Profit849510311512113215411679156163169184
EPS in Rs7.638.679.3710.4411.0111.9513.9810.527.1614.1214.7615.2016.10

Cyient Ltd Quarterly Chart

Cyient Ltd Profit & Loss

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales1,5531,8732,2062,7363,0943,5863,9144,6184,4274,1324,5346,0166,835
Expenses1,2841,5311,7962,3352,6803,1093,3943,9853,8813,5573,7175,0135,588
Operating Profit2693424104014144775206335465758181,0031,247
OPM %17%18%19%15%13%13%13%14%12%14%18%17%18%
Other Income16361712211279147131158140112359
Interest101616172033494339100107
Depreciation496472718995105111188194192257276
Profit before tax235315354446421444541620468477698681873
Tax %36%31%29%25%24%24%26%23%27%24%25%24%
Net Profit161231266351320340403477341364522514672
EPS in Rs14.4820.7023.7631.4328.9430.5436.0042.3331.1433.0647.3546.5260.18
Dividend Payout %17%22%21%25%24%34%36%35%48%51%51%56%

Cyient Ltd Profit & Loss Yearly Chart

Cyient Ltd Growth

Compounded Sales Growth
10 Years:12%
5 Years:9%
3 Years:20%
TTM:19%
Compounded Profit Growth
10 Years:11%
5 Years:9%
3 Years:26%
TTM:34%
Stock Price CAGR
10 Years:19%
5 Years:25%
3 Years:29%
1 Year:34%
Return on Equity
10 Years:17%
5 Years:16%
3 Years:18%
Last Year:19%

Last Updated: May 15, 2024, 7:45 am

Cyient Ltd Balance Sheet

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital56565656565656555555555555
Reserves1,1021,2671,5321,7881,7742,0612,2882,5092,5062,9023,0613,4113,982
Borrowings3061472142112833687115775731,2181,039
Other Liabilities2392833565826687987739278709401,0721,8152,012
Total Liabilities1,4001,6061,9502,5742,7133,1263,4003,8604,1424,4754,7626,5007,089
Fixed Assets3273353377896577517989781,3051,3611,3452,8252,800
CWIP202371010265210414688134412
Investments479893101160196143554134445518515
Other Assets1,0071,1501,5141,6741,8862,1532,4092,7232,6502,9922,9593,1133,762
Total Assets1,4001,6061,9502,5742,7133,1263,4003,8604,1424,4754,7626,5007,089

Cyient Ltd Reserves and Borrowings Chart

Cyient Ltd Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity 124160227362278420296370582856634554
Cash from Investing Activity 9-758-448-54-153-57-190-146-104-377-1,006
Cash from Financing Activity -29-42-43-32-111-93-136-232-446-253-544-109
Net Cash Flow10443193-118113174103-52-10499-287-562

Cyient Ltd Financial Efficiency Indicators

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Debtor Days777971726664646071596864
Inventory Days189124156160211110178228177
Days Payable599522453323347314336374260
Cash Conversion Cycle777971-337-331-233-99-76-133-99-78-19
Working Capital Days616554553953646454554960
ROCE %26%24%25%22%22%23%24%17%15%20%20%

Cyient Ltd Financial Efficiency Indicators Chart

Cyient Ltd Share Holding Pattern

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
Promoters23.48%23.47%23.45%23.43%23.41%23.41%23.40%23.37%23.36%23.35%23.35%23.20%
FIIs35.70%38.47%38.34%35.56%34.72%34.02%32.68%32.62%31.07%32.61%36.57%35.71%
DIIs22.67%21.24%21.30%22.90%22.76%23.33%23.88%23.69%24.92%24.88%21.31%21.57%
Public18.15%16.83%16.91%18.11%19.11%19.25%20.04%19.35%19.67%18.18%17.86%18.63%
Others0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.98%0.98%0.98%0.92%0.90%
No. of Shareholders62,34157,31674,80597,7481,15,8661,16,2971,25,9901,24,6231,22,8521,21,5411,31,5071,45,615

Cyient Ltd Shareholding Pattern Chart

No. of Cyient Ltd Shareholders

Cyient Ltd Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)
DSP Small Cap Fund33006974.43524.3
Kotak Small Cap Fund - Regular Plan30183413.94479.45
DSP Mid Cap Fund24813982.73394.16
Nippon India Small Cap Fund24771511.05393.48
Aditya Birla Sun Life Digital India Fund11526644.63183.09
ICICI Prudential Smallcap Fund11508293.05182.8
Franklin India Smaller Companies Fund10359111.7164.55
360 ONE Focused Equity Fund8891172.89141.23
ICICI Prudential Multicap Fund5718171.0490.83
ICICI Prudential Technology Fund4236640.6267.3

Cyient Ltd ROCE Trend

Cyient Ltd EPS Trend

Cyient Ltd Key Financial Ratios

MonthMar 23Mar 22Mar 21Mar 20Mar 19
FaceValue5.005.005.005.005.00
Basic EPS (Rs.)47.0347.7533.0831.1442.43
Diluted EPS (Rs.)46.7147.5433.0631.1442.36
Cash EPS (Rs.)69.7164.7250.7548.3353.26
Book Value[Excl.RevalReserv]/Share (Rs.)313.16282.01268.49232.52232.08
Book Value[Incl.RevalReserv]/Share (Rs.)313.16282.01268.49232.52232.08
Revenue From Operations / Share (Rs.)543.93410.72375.67402.49418.25
PBDIT / Share (Rs.)98.0684.2364.9964.2969.46
PBIT / Share (Rs.)74.8666.8247.3147.2259.37
PBT / Share (Rs.)61.5963.2643.3742.8056.10
Net Profit / Share (Rs.)46.5147.3133.0731.2543.17
NP After MI And SOA / Share (Rs.)46.5147.3133.0731.1443.34
PBDIT Margin (%)18.0220.5017.2915.9716.60
PBIT Margin (%)13.7616.2612.5911.7314.19
PBT Margin (%)11.3215.4011.5410.6313.41
Net Profit Margin (%)8.5511.518.807.7610.32
NP After MI And SOA Margin (%)8.5511.518.807.7310.36
Return on Networth / Equity (%)14.8316.7512.3013.3718.66
Return on Capital Employeed (%)18.2920.9215.3716.9322.60
Return On Assets (%)7.8510.918.098.1912.30
Long Term Debt / Equity (X)0.140.000.010.030.04
Total Debt / Equity (X)0.260.100.090.140.12
Asset Turnover Ratio (%)0.540.450.380.460.53
Current Ratio (X)1.582.302.572.242.61
Quick Ratio (X)1.362.072.432.032.43
Dividend Payout Ratio (NP) (%)51.2056.510.0077.0523.61
Dividend Payout Ratio (CP) (%)34.1641.310.0049.7619.15
Earning Retention Ratio (%)48.8043.490.0022.9576.39
Cash Earning Retention Ratio (%)65.8458.690.0050.2480.85
Interest Coverage Ratio (X)10.8523.6616.5114.5523.52
Interest Coverage Ratio (Post Tax) (X)6.6114.299.408.0715.73
Enterprise Value (Cr.)11188.059314.425941.901944.956506.27
EV / Net Operating Revenue (X)1.862.051.440.431.41
EV / EBITDA (X)10.3210.028.312.758.48
MarketCap / Net Operating Revenue (X)1.822.261.730.571.55
Retention Ratios (%)48.7943.480.0022.9476.38
Price / BV (X)3.173.292.410.982.79
Price / Net Operating Revenue (X)1.822.261.730.571.55
EarningsYield0.040.050.050.130.06

Cyient Ltd Profitability Ratios (%)

Cyient Ltd Liquidity Ratios

Cyient Ltd Liquidity Ratios (%)

Cyient Ltd Interest Coverage Ratios (%)

Cyient Ltd Valuation Ratios

Fair Value

Fair Value: ₹1,901.11

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.

Undervalued: 11.76% compared to the current price ₹1701

Intrinsic Value: ₹2,168.87

Calculation basis:

  • Fair 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 fair value of the stock by analyzing its fundamental indicators along with EPS growth.

Undervalued: 27.51% compared to the current price ₹1701

Last 5 Year EPS CAGR: 14.08%

*Investments are subject to market risks

Strength and Weakness of Cyient Ltd Stock

StrengthWeakness
  1. The stock has a high average ROCE of 19.83%, which is a positive sign.
  2. The stock has a low average Cash Conversion Cycle of -98.17, which is a positive sign.
  3. The company has higher reserves (2,321.77 cr) compared to borrowings (411.54 cr), indicating strong financial stability.
  4. The company has shown consistent growth in sales (3.31 cr) and profit (505.62 cr) over the years.
  1. The stock has a high average Working Capital Days of 56.08, which may not be favorable.

FAQ

What is the latest fair value of Cyient Ltd?

The latest fair value of Cyient Ltd is ₹1901.11.

What is the Market Cap of Cyient Ltd?

The Market Cap of Cyient Ltd is 18,866 Cr..

What is the current Stock Price of Cyient Ltd as on 30 May 2024?

The current stock price of Cyient Ltd as on 30 May 2024 is ₹1,701.

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

In FY 2024, the High / Low of Cyient Ltd stocks is 2,459/1,209.

What is the Stock P/E of Cyient Ltd?

The Stock P/E of Cyient Ltd is 25.8.

What is the Book Value of Cyient Ltd?

The Book Value of Cyient Ltd is 384.

What is the Dividend Yield of Cyient Ltd?

The Dividend Yield of Cyient Ltd is 1.53 %.

What is the ROCE of Cyient Ltd?

The ROCE of Cyient Ltd is 22.0 %.

What is the ROE of Cyient Ltd?

The ROE of Cyient Ltd is 18.9 %.

What is the Face Value of Cyient Ltd?

The Face Value of Cyient Ltd is 5.00.

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 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