Financials Cyient Limited NSE India S.E.

Equities

CYIENT

INE136B01020

IT Services & Consulting

Market Closed - NSE India S.E. 07:43:47 2024-04-26 am EDT 5-day change 1st Jan Change
1,886 INR -1.52% Intraday chart for Cyient Limited -4.35% -17.76%

Valuation

Fiscal Period: March 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 71,582 25,255 71,365 102,501 109,746 209,082 - -
Enterprise Value (EV) 1 64,852 22,440 62,060 90,724 113,012 221,070 194,114 191,263
P/E ratio 15.3 x 7.37 x 19.6 x 19.5 x 21.2 x 32.3 x 24.9 x 20.2 x
Yield 2.31% 6.53% 2.62% 2.58% 2.62% 1.71% 1.94% 2.39%
Capitalization / Revenue 1.55 x 0.57 x 1.73 x 2.26 x 1.82 x 3.09 x 2.68 x 2.31 x
EV / Revenue 1.4 x 0.51 x 1.5 x 2 x 1.88 x 3.09 x 2.49 x 2.12 x
EV / EBITDA 10.2 x 3.81 x 10.8 x 11.1 x 11.3 x 17 x 13.8 x 11.4 x
EV / FCF 29.6 x 6.11 x 8.19 x 15.9 x 23.2 x 34 x 22.5 x 19.8 x
FCF Yield 3.38% 16.4% 12.2% 6.28% 4.3% 2.94% 4.45% 5.04%
Price to Book 2.79 x 0.99 x 2.41 x 3.29 x 3.17 x 5.38 x 4.55 x 4.11 x
Nbr of stocks (in thousands) 110,474 109,971 110,030 110,317 110,575 110,901 - -
Reference price 2 648.0 229.6 648.6 929.2 992.5 1,885 1,885 1,885
Announcement Date 4/25/19 5/7/20 4/22/21 4/21/22 4/20/23 4/25/24 - -
1INR in Million2INR
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: March 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 46,175 44,274 41,324 45,344 60,159 71,472 77,997 90,406
EBITDA 1 6,328 5,893 5,750 8,178 10,031 13,028 14,067 16,785
EBIT 1 5,214 4,015 3,805 6,256 7,465 10,361 11,422 13,637
Operating Margin 11.29% 9.07% 9.21% 13.8% 12.41% 14.5% 14.64% 15.08%
Earnings before Tax (EBT) 1 6,193 4,682 4,771 6,984 6,812 9,184 11,314 13,882
Net income 1 4,785 3,425 3,638 5,223 5,144 6,828 8,403 10,312
Net margin 10.36% 7.74% 8.8% 11.52% 8.55% 9.55% 10.77% 11.41%
EPS 2 42.36 31.14 33.06 47.54 46.71 61.71 75.67 93.25
Free Cash Flow 1 2,189 3,675 7,573 5,698 4,864 5,975 8,633 9,644
FCF margin 4.74% 8.3% 18.33% 12.57% 8.09% 8.32% 11.07% 10.67%
FCF Conversion (EBITDA) 34.59% 62.36% 131.7% 69.67% 48.49% 45.46% 61.37% 57.46%
FCF Conversion (Net income) 45.75% 107.3% 208.16% 109.09% 94.56% 84.85% 102.74% 93.52%
Dividend per Share 2 15.00 15.00 17.00 24.00 26.00 32.22 36.62 45.02
Announcement Date 4/25/19 5/7/20 4/22/21 4/21/22 4/20/23 4/25/24 - -
1INR in Million2INR
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: March 2021 Q3 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1
Net sales 1 10,443 10,931 10,582 11,116 11,834 11,812 12,501 13,962 16,182 17,514 16,865 16,841 18,260 18,796 -
EBITDA 1 1,636 1,546 1,864 2,072 2,118 2,124 1,932 2,046 2,833 3,220 3,156 3,225 3,327 3,402 -
EBIT 1 1,150 1,055 1,374 1,555 1,632 1,695 1,421 1,416 2,134 2,494 2,480 2,489 2,621 2,628 -
Operating Margin 11.01% 9.65% 12.98% 13.99% 13.79% 14.35% 11.37% 10.14% 13.19% 14.24% 14.71% 14.78% 14.36% 13.98% -
Earnings before Tax (EBT) 1 1,249 1,346 1,535 1,616 1,748 2,085 1,595 1,085 - - 2,193 2,308 2,534 2,612 -
Net income 1 954 1,031 1,150 1,213 1,318 1,542 1,161 791 1,560 - 1,681 1,750 1,927 1,994 -
Net margin 9.14% 9.43% 10.87% 10.91% 11.14% 13.05% 9.29% 5.67% 9.64% - 9.97% 10.39% 10.55% 10.61% -
EPS 2 8.670 9.370 10.44 11.05 12.01 14.03 10.57 7.200 14.17 14.79 15.20 16.56 17.70 18.14 17.19
Dividend per Share - - - - - - - - - - - - - - -
Announcement Date 1/21/21 4/22/21 7/15/21 10/14/21 1/21/22 4/21/22 7/21/22 10/13/22 1/12/23 4/20/23 7/25/23 - - - -
1INR in Million2INR
Estimates

Balance Sheet Analysis

Fiscal Period: March 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 - - - - 3,266 - - -
Net Cash position 1 6,730 2,815 9,305 11,777 - 6,101 14,968 17,819
Leverage (Debt/EBITDA) - - - - 0.3256 x - - -
Free Cash Flow 1 2,189 3,675 7,573 5,698 4,864 5,975 8,633 9,644
ROE (net income / shareholders' equity) 19.5% 13.4% 13.2% 17.2% 15.6% 19.4% 18.9% 20.9%
ROA (Net income/ Total Assets) 13.1% 8.49% 8.39% 11.3% - 10.3% 11.2% 12.4%
Assets 1 36,609 40,344 43,363 46,401 - 68,304 75,029 83,501
Book Value Per Share 2 232.0 233.0 269.0 282.0 313.0 350.0 414.0 458.0
Cash Flow per Share 2 - - - - - 46.20 88.20 95.30
Capex 1 1,512 2,149 985 647 675 1,950 2,158 2,037
Capex / Sales 3.27% 4.85% 2.38% 1.43% 1.12% 2.72% 2.77% 2.25%
Announcement Date 4/25/19 5/7/20 4/22/21 4/21/22 4/20/23 4/25/24 - -
1INR in Million2INR
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
More Ratings
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
19
Last Close Price
1,885 INR
Average target price
2,301 INR
Spread / Average Target
+22.06%
Consensus