MarketFriction

Cyient Ltd

NSE CYIENT · BSE 532175 · IT Enabled Services
₹1,104.60 +0.35%
NSE close2026-10-01
52 week range750.30 - 1,222.00
Market cap₹11,730 Cr.
P/E28.8
Nifty 500Smallcap 250 Price band 20% Delivery 46.5%

Price

Drag to pan, scroll or pinch to zoom. Ruler (or Shift + drag) measures a move.Dashed lines: 52 week high and low. Prices adjusted for splits and bonuses.

Financials

Consolidated, Rs crore
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales1,7781,8211,8611,6761,8491,9261,9091,7121,7811,8481,9272,076
Expenses1,4531,4951,5261,4111,5521,6481,6111,4841,5671,6141,7051,813
Operating Profit326326335265297278298228214235222263
OPM %18%18%18%16%16%14%16%13%12%13%12%13%
Other Income7-32232151-17417071-11-457
Interest272932262820191616141422
Depreciation666667666668686872706877
Profit before tax24020025919525417425221419713995171
Tax %24%23%24%24%27%26%26%26%27%30%31%36%
Net Profit1841531971481871281861571439766109
EPS in Rs16.1013.2817.0612.9716.1411.0215.3513.8511.488.264.939.37
Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales3,0943,5863,9144,6184,4274,1324,5346,0167,1477,3607,2687,632
Expenses2,6803,1093,3943,9853,8813,5573,7175,0135,8446,2226,3696,699
Operating Profit4144775206335465758181,0031,3031,138899934
OPM %13%13%13%14%12%14%18%17%18%15%12%12%
Other Income1127914713115814011235-2978422
Interest16172033494339100116936166
Depreciation8995105111188194192257267267278287
Profit before tax421444541620468477698681918875644602
Tax %24%24%26%23%27%24%25%24%23%26%28%
Net Profit320340403477341364522514703648463414
EPS in Rs28.9430.5436.0042.3331.1433.0647.3546.5261.5755.4538.5134.04
Dividend Payout %24%34%36%35%48%51%51%56%49%47%42%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth9%12%7%3%
Compounded Profit Growth4%5%-5%-35%
Stock Price CAGR8%0%-15%-8%
Return on Equity15%14%13%9%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital565656565555555555565656
Reserves1,7881,7742,0612,2882,5092,5062,9023,0613,4114,2035,2545,626
Borrowings1472142112833687115775731,218788513431
Other Liabilities5826687987739278709401,0721,8151,8831,7982,137
Total Liabilities2,5742,7133,1263,4003,8604,1424,4754,7626,5006,9287,6218,250
Fixed Assets7896577517989781,3051,3611,3452,8252,8262,9293,084
CWIP1010265210414688134457795
Investments101160196143554134445518436502457
Other Assets1,6741,8862,1532,4092,7232,6502,9922,9593,1133,6094,1124,704
Total Assets2,5742,7133,1263,4003,8604,1424,4754,7626,5006,9287,6218,250
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity362278420296370582856634554726790787
Cash from Investing Activity-448-54-153-57-190-146-104-377-1,006-537-134158
Cash from Financing Activity-32-111-93-136-232-446-253-544-109-266-58-569
Net Cash Flow-118113174103-52-10499-287-562-77598376
Free Cash Flow281150316149226369761572489648688693
CFO/OP119%92%109%89%81%133%171%98%68%77%92%118%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days717266646460715968647066
Inventory Days189124156160211110178228177185303
Days Payable599522453323347314336374189126249
Cash Conversion Cycle71-337-331-233-99-76-133-99-7852128119
Working Capital Days434127364735242317436468
ROCE %25%22%22%23%24%17%15%20%20%22%17%12%
Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Jul 2026
Promoters23.20%23.17%23.16%23.15%23.14%23.28%23.28%23.28%23.28%23.28%23.28%24.70%
FIIs34.11%31.04%29.47%28.39%28.23%23.85%21.37%17.56%15.28%15.33%14.52%14.53%
DIIs22.69%25.91%27.08%29.72%30.32%34.13%35.63%38.42%39.51%40.98%38.99%37.49%
Government0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.01%0.01%
Public19.13%19.00%19.45%17.92%17.50%17.95%19.03%20.11%21.31%19.84%22.73%22.74%
Others0.89%0.88%0.84%0.82%0.81%0.80%0.68%0.64%0.62%0.59%0.47%0.53%
No. of Shareholders1,60,9211,62,0681,81,6401,82,8841,76,9021,85,3662,09,1712,12,9292,14,0712,06,2482,61,5052,26,950

Fundamentals

Market Cap₹ 11,730 Cr.
Current Price₹ 1,055
Stock P/E28.8
Book Value₹ 511
ROCE12.3 %
ROE8.61 %
Dividend Yield1.52 %
Face Value₹ 5.00
Compounded Sales Growth (TTM)3%
Compounded Profit Growth (TTM)-35%
Consolidated figures.
Valuation
Market capRs 12,275 Cr
Enterprise valueRs 11,200 Cr
P/E (TTM)32.46x
Price to book2.16x
Price to sales1.61x
EV / EBITDA11.73x
EV / EBIT16.76x
EV / sales1.47x
Price to cash flow15.59x
Earnings yield3.08%
Dividend yield1.45%
P/E, 3-year average24.94x
P/B, 3-year average3.11x
P/E, 5-year average23.16x
P/B, 5-year average3.16x
Profitability
Operating margin (excl. other income)12.37%
Operating margin (incl. other income)13.53%
EBITDA margin12.51%
Pre-tax margin7.89%
Net profit margin4.96%
Net margin, latest quarter5.02%
ROE7.79%
ROCE11.82%
ROA5.39%
ROE, 3-year average12.78%
ROCE, 3-year average16.96%
ROA, 3-year average8.01%
ROE, 5-year average14.23%
ROCE, 5-year average17.99%
ROA, 5-year average8.89%
ROIC (approx.)10.42%
Tax rate28.16%
Other income / net worth1.49%
Growth
Sales growth (latest year)-1.25%
Profit growth (latest year)-30.50%
Sales CAGR, 3 years6.51%
Sales CAGR, 5 years11.96%
Profit CAGR, 3 years-5.95%
Profit CAGR, 5 years3.30%
Sales growth QoQ7.72%
Profit growth QoQ89.96%
Sales growth YoY (latest quarter)21.26%
Profit growth YoY (latest quarter)-32.31%
Per share
EPS (TTM)Rs 34.03
EPS (latest year)Rs 38.51
EPS (latest quarter)Rs 9.37
EPS, 3-year averageRs 51.82
EPS, 5-year averageRs 49.86
Book value per shareRs 511.30
Sales per shareRs 686.80
Cash flow per shareRs 70.86
Free cash flow per shareRs 62.36
Dividend per share (latest year)Rs 16.01
Dividend per share, 3-year averageRs 24.00
Dividend per share, 5-year averageRs 24.40
Dividends
Dividend payout41.58%
Dividend payout, 3-year average45.74%
Dividend payout, 5-year average48.77%
Efficiency
Asset turnover0.88x
Fixed asset turnover2.36x
Inventory turnover1.74x
Inventory days210 days
Debtor days66 days
Debtors turnover5.57x
Creditor days249 days
Cash conversion cycle119 days
Working capital days68 days
Leverage
Total debtRs 431 Cr
Cash and bankRs 1,506 Cr
Net debtRs -1,075 Cr
Debt to equity0.08x
Net debt / EBITDA-1.13x
Interest coverage10.09x
Current ratio (filing 2026-03-31)2.93x
Quick ratio (filing 2026-03-31)2.52x
Trade payables (filing 2026-03-31)Rs 537 Cr
Owners' fund to total sources68.87%
Debt to assets5.23%
Cash flow
Cash from Operating Activity (latest year)Rs 787 Cr
Cash from Investing Activity (latest year)Rs 158 Cr
Cash from Financing Activity (latest year)Rs -569 Cr
Net Cash Flow (latest year)Rs 376 Cr
Free cash flow (latest year)Rs 693 Cr
FCFE (approx.: FCF + change in debt)Rs 611 Cr
Cash from ops / profit, 5 years1.22x
Sales to cash flow9.23x
Statement figures
Net sales (TTM)Rs 7,632 Cr
Net sales (latest year)Rs 7,268 Cr
Sales (latest quarter)Rs 2,076 Cr
Operating profit excl. other income (latest year)Rs 899 Cr
Operating profit (latest quarter)Rs 263 Cr
Other income (TTM)Rs 22 Cr
EBITDA (TTM)Rs 955 Cr
PBDT (TTM)Rs 889 Cr
Profit before tax (TTM)Rs 602 Cr
Tax (latest year)Rs 182 Cr
Net profit (TTM)Rs 378 Cr
Net profit (latest year)Rs 428 Cr
Net profit (latest quarter)Rs 104 Cr
Depreciation (TTM)Rs 287 Cr
Depreciation (latest quarter)Rs 77 Cr
Interest (TTM)Rs 66 Cr
Cost of goods sold (latest year)Rs 1,133 Cr
Total expenditure (latest year)Rs 6,369 Cr
Total income (latest year)Rs 7,353 Cr
Share capitalRs 56 Cr
ReservesRs 5,626 Cr
Shareholders' fundsRs 5,682 Cr
Total assetsRs 8,250 Cr
Net blockRs 3,084 Cr
Capital work in progressRs 5 Cr
InvestmentsRs 457 Cr
ReceivablesRs 1,306 Cr
InventoryRs 653 Cr
Other liabilitiesRs 2,137 Cr
Shares outstanding (crore)11.11
Ownership
Promoter holding24.70% (+1.42 in a year)
Computed by MarketFriction from the consolidated statements. Returns use average balances.
P/E 32.5 is at the 88th percentile of its own 9.4-year range (median 21.0, low 4.6, high 49.5).
P/B 2.16 is at the 21th percentile (median 2.99).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
PeriodCYIENTNifty 50Difference
1 week+4.4%-2.8% +7.2 pts
1 month-5.2%-6.8% +1.6 pts
3 months+24.1%-7.6% +31.7 pts
6 months+46.7%+0.4% +46.3 pts
1 year-5.6%-9.9% +4.3 pts
2 years-46.1%-13.6% -32.5 pts
3 years-34.8%+14.2% -49.0 pts
5 years+3.9%+27.9% -23.9 pts
85 mutual fund schemes hold about ₹3,666 Cr. Over three months 24 bought more and 29 sold (share counts, price move removed).
FundWeightEst. Cr3m shares
Bandhan Small Cap Fund1.66%569 +11%
Kotak Small Cap Fund1.81%356 +2%
Nippon India Small Cap Fund0.40%328 -10%
DSP Small Cap Fund1.50%324 -9%
Axis Small Cap Fund0.93%294 +100%
ICICI Pru Technology Fund1.97%269 +41%
Tata Digital India Fund1.88%192 -14%
Nippon India ELSS Tax Saver Fund1.18%173 +10%
DSP Midcap Fund0.73%153 -4%
Nippon India Focused Fund1.43%123 +100%
Aditya Birla SL Digital India Fund3.00%123 -9%
Aditya Birla SL Value Fund1.13%78 +16%
HDFC ELSS-Tax Saver Fund0.44%70 -5%
DSP Aggressive Hybrid Fund0.44%52 -42%
DSP Multi Cap Fund1.49%45 -3%
Bandhan Large & Mid Cap Fund0.17%35 +100%
Sundaram Small Cap Fund0.85%35 -4%
Nippon India Flexi Cap Fund0.36%35 -7%
Aditya Birla SL Small Cap Fund0.54%33 -34%
Axis Multicap Fund0.28%30 +100%
HDFC Dividend Yield Fund0.49%27 +2%
Tata Ethical Fund0.69%27 +3%
Nippon India Value Fund0.26%24 +100%
Tata Large Cap Fund0.85%24 +7%
Aditya Birla SL Aggressive Hybrid Fund0.33%24 -31%

Red flags

F-score 5 of 8
No red flags in the latest statements and filings.
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.

Latest quarter

Jun 2026
Sales ₹2,076 Cr +21.3% vs Jun 2025. Net profit ₹109 Cr -30.6%.

Activity

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No bulk or block deals on record.
Ex-dateActionFactor
2026-06-17Buy Back
2025-10-24Interim Dividend - Rs 16 Per Share
2025-07-04Dividend - Rs 14 Per Share
2024-11-06Interim Dividend - Rs 12 Per Share
2024-06-21Dividend - Rs 18 Per Share
2024-06-21Annual General Meeting
2023-11-01Interim Dividend - Rs 12 Per Share
2023-06-12Annual General Meeting/Dividend - Rs 16 Per Share
2022-10-25Interim Dividend - Rs 10 Per Share
2022-05-23Annual General Meeting/Dividend - Rs 14 Per Share
2021-10-26 Interim Dividend - Rs 10 Per Share
2021-06-03 Annual General Meeting/Dividend - Rs 17 Per Share
2020-07-24 Annual General Meeting
2020-03-23 Interim Dividend Rs - 9 Per Share
2019-10-30 Interim Dividend - Rs 6 Per Sh
2019-05-30 Annual General Meeting/ Dividend - Rs 9 Per Share
2018-10-30 Int Div -Rs 6 Per Sh
2018-07-05 Annual General Meeting/Dividend- Rs 4 Per Share
2018-01-30 Interim Dividend - Rs 4 Per Share
2017-10-25 Interim Dividend Rs 5/- Per Share
2017-07-06 Annual General Meeting/ Dividend � Rs 5 Per Share
2016-10-24 Interim Dividend Rs 3/- Per Share
2016-09-08 Special Dividend - Rs 2.50 Per Share
2016-08-23 Annual General Meeting
2016-03-28 Interim Dividend - Rs 4/- Per Share (Purpose Revised)
2015-10-27 Interim Dividend - Rs 3/- Per Share
2015-07-09Annual General Meeting/Dividend Rs 5/- Per Share
2014-09-22Interim Dividend Rs.3/- Per Share
2014-07-10Annual General Meeting / Final Dividend Rs.3/- Per Share
2013-10-29Interim Dividend - Rs 2/- Per Share
2013-07-11Annual General Meeting / Final Dividend - Rs 2.50/- Per Share
2012-11-20Interim Dividend Rs.2/- Per Share
2012-07-11Annual General Meeting/ Dividend Of Rs. 1.25 Per Share
2011-11-08Interim Dividend Rs.1.25 Per Share
2011-07-11Annual General Meeting And Dividend Rs.1.25 Per Share
2010-06-10Bonus 1:10.5000
2010-05-06Agm/Div-Rs.2/- Per Share
2009-06-22Agm/Div-Rs.1.50 Per Share
2008-07-14Agm/Dividend - 24%
2007-07-09Agm/Dividend-22.5%
2006-07-28Fv Spl-10 To 5 / Bon 1:2
2006-06-21Agm/Dividend-22.5%
DateTypeWhat it says
2026-09-25Concall / analyst meetSchedule of meet
2026-09-22ResignationResignation of Director/KMP/SMP
2026-09-22Director changeChange in Director(s) of the company.
2026-09-17Concall / analyst meetSchedule of meet
2026-09-16UpdatesAllotment of shares upon exercise of stock options.
2026-09-16Concall / analyst meetSchedule of meet
2026-09-10Shareholder meetingNotice of Postal Ballot
2026-09-04General UpdatesGeneral Updates
2026-09-04General UpdatesGeneral Updates
2026-08-28Concall / analyst meetLink of Recording
2026-08-26General UpdatesReceipt of approval from the Competition Commission of India
2026-08-25Investor PresentationInvestor Presentation
2026-08-24Press ReleaseA press release dated August 24, 2026, titled "Cyient Unveils New Brand Positioning Nothing Less ".
2026-08-21General UpdatesDissolution of Infotech HAL Limited, Joint Venture Company
2026-08-21General UpdatesGeneral Updates
2026-08-10UpdatesAllotment of shares upon exercise of stock options.
2026-07-30Concall / analyst meetTranscript
2026-07-24Press ReleaseA press release dated July 24, 2026, titled "Cyient Elevates Andrew Smith as COO to Drive Global Delivery Excellence & Accelerate Growth".
2026-07-24Change in ManagementChange in Management
2026-07-24Concall / analyst meetLink of Recording
2026-07-23UpdatesDissolution of Buyback Committee-2026.
2026-07-23Press ReleaseA press release dated July 23, 2026, titled "Cyient Delivers Resilient Q1 Performance, Led by Continued Growth in Transportation and Mobility ".
2026-07-23UpdatesGrant of Stock Options.
2026-07-23UpdatesIntimation of Investor day.
2026-07-23Investor PresentationInvestor Presentation
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Order dateForumCase
2020-12-14NCLTCyient DLM Pvt Ltd Vs Vajra IOT Pvt Ltd Vs
2020-12-01NCLTCyient DLM Pvt Ltd Vs Vajra IOT Pvt Ltd Vs
2020-11-11NCLTCyient DLM Pvt Ltd Vs Vajra IOT Pvt Ltd Vs
2020-09-28NCLTCyient DLM Pvt Ltd Vs Vajra IOT Pvt Ltd Vs
2020-09-08NCLTCyient DLM Pvt Ltd Vs Vajra IOT Pvt Ltd Vs
Orders from NCLT, NCLAT and CESTAT naming the company. Click a row for the order.
Not on any NSE surveillance list in the latest file.

Quick answers

What is the market cap of Cyient Ltd?

Cyient Ltd (CYIENT) has a market capitalisation of Rs 11,730 Cr. at the 2026-10-01 close.

What is the P/E ratio of Cyient Ltd?

Cyient Ltd trades at a P/E of 28.8 on trailing twelve-month profit, at the 2026-10-01 close.

What were Cyient Ltd's latest quarterly results?

In the Jun 2026 quarter, Cyient Ltd sales was Rs 2,076 Cr (+21.3% vs Jun 2025) and net profit was Rs 109 Cr.

What is the 52-week high and low of Cyient Ltd?

The 52-week high is Rs 1,222.00 and the 52-week low is Rs 750.30.

Data: NSE and BSE daily reports, company filings. Numbers only, not investment advice, not a SEBI-registered research service.AboutMethodologyFAQResearchContactTermsPrivacyDisclaimerUpdated 2026-10-03