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Cyient

CYIENT NSE
₹1,113.00 No trade today
P/E
33.24
View as Markdown
MCP
Close 4 Nov 2026 ₹1,113.00 −29.20 −2.56% 1Y
Start ₹1,142.20

Key Fundamentals

MicrocapIT - ServicesInformation Technology

Price-based figures as of · EPS basis: Consolidated · TTM

ROCE
12.30%
Debt to Equity
0.54
EPS (TTM)
₹33.48
Book Value
₹458.93
Market Cap
—
P/E (TTM)
33.24
P/B
2.43
ROE
8.61%
Dividend Yield
1.05%
EBITDA
₹1,088 Cr
52W High
₹1,277.00
52W Low
₹750.30
Volume
0

Peer Comparison

Information Technology › IT Enabled Services

Cyient peer comparison
L&T Technology Services
₹4,133.5033.20₹45,364 Cr6.190.47%21.50%26.70%₹11,565 Cr₹1,322 Cr
Inventurus Knowledge Solutions
₹1,750.4039.33₹29,871 Cr10.730.00%31.40%31.50%₹3,347 Cr₹764 Cr
Tata Technologies
₹652.4547.55₹26,704 Cr6.911.81%16.30%20.90%₹5,926 Cr₹558 Cr
Netweb Technologies
₹4,062.3088.56₹24,520 Cr11.480.07%32.80%37.50%₹2,702 Cr₹260 Cr
Affle 3i
₹1,623.9047.83₹22,921 Cr5.070.00%13.80%16.80%₹2,836 Cr₹478 Cr
Sagility
₹43.5920.56₹20,233 Cr1.990.35%10.60%13.40%₹7,617 Cr₹994 Cr
ESDS Software Solution
₹1,193.6091.82₹14,545 Cr10.890.00%24.90%30.20%₹537 Cr₹134 Cr
Cyient (this company)
₹1,113.0033.24₹11,921 Cr2.431.05%8.61%12.30%₹8,086 Cr₹404 Cr
Median 8 companies₹1,408.7543.44₹23,720 Cr6.550.21%18.90%23.80%₹4,637 Cr₹518 Cr

Comparable companies in the same industry. Market cap, P/E and P/B use the latest price; other metrics are as reported in filings. A dash means the figure is not published for that company.

Tapetide Score

Data-driven rating, 0–100, as of . How it works →

Overall score

61 Good

Data confidence 100/100

Category scores

Quality
64
Good
Returns, margins, earnings quality 22% weight
Valuation
56
Good
Cheap vs sector & own history 24% weight
Growth
45
Weak
Sales & profit trajectory 9% weight
Financial Health
48
Average
Solvency, leverage, coverage 9% weight
Momentum
88
Strong
Trend strength, vol-adjusted 12% weight
Ownership
68
Strong
FII/DII/promoter flows 24% weight

The Tapetide Score is data analysis, not investment advice. Tapetide is not a SEBI-registered research analyst or investment adviser.

Key Insights

Strengths

1
  • Company has been maintaining a healthy dividend payout of 45.7%

Weaknesses

3
  • The company has delivered a poor sales growth of 12.0% over past five years.
  • Company has a low return on equity of 12.8% over last 3 years.
  • Company might be capitalizing the interest cost

Technical Indicators

Technical signals: verdict and indicator counts
GroupSignalBearishNeutralBullish
OverallBullish748
OscillatorsBullish243
Moving AveragesNeutral505

Key readings

RSI (14)
45.53
Neutral
MACD (12,26,9)
11.51
Bearish
SMA (50)
1,113.04
Bearish
SMA (200)
966.14
Bullish

As of

Analyst Rating

Based on 18 analysts
BUY61%

11 of 18 analysts rate Buy, 4 Hold, 3 Sell.

As of

BUY
11
61%
HOLD
4
22%
SELL
3
17%

Growth Rate

From the financial statements below. 10Y, 5Y, 3Y: compound annual growth to Mar 2026; 1Y: fiscal year to Mar 2026 against Mar 2025; TTM: four quarters to Sep 2026 against Sep 2025.

Revenue

Revenue growth by window
10Y+8.92%
5Y+11.96%
3Y+6.50%
1Y−1.25%
TTM+10.34%

Net profit

Net profit growth by window
10Y+3.76%
5Y+4.93%
3Y−3.42%
1Y−28.55%
TTM−34.20%

Operating cash flow

Operating cash flow growth by window
10Y+10.97%
5Y−1.67%
3Y+12.41%
1Y−0.38%
TTM—

TTM: Reported once a year, so there is no trailing-twelve-month figure.

Operating margin· change in pp

Operating margin growth by window
10Y−1.01 pp
5Y−1.55 pp
3Y−4.30 pp
1Y−3.09 pp
TTM−1.16 pp

Revenue by year

Revenue by year, ₹ crore
Mar 2017₹3,586 Cr
Mar 2018₹3,914 Cr
Mar 2019₹4,618 Cr
Mar 2020₹4,427 Cr
Mar 2021₹4,132 Cr
Mar 2022₹4,534 Cr
Mar 2023₹6,016 Cr
Mar 2024₹7,147 Cr
Mar 2025₹7,360 Cr
Mar 2026₹7,268 Cr

Net profit by year

Net profit by year, ₹ crore
Mar 2017₹340 Cr
Mar 2018₹403 Cr
Mar 2019₹477 Cr
Mar 2020₹341 Cr
Mar 2021₹364 Cr
Mar 2022₹522 Cr
Mar 2023₹514 Cr
Mar 2024₹703 Cr
Mar 2025₹648 Cr
Mar 2026₹463 Cr

Analyst Forecasts

Forecast For
Dec 26 consensus · EBITDA
₹321 Cr +0.9% vs Sep 26
Reported High Mean Low

AI Analysis — Bull vs Bear

Figures as of 26 Oct 2026
AI opinion · based on fundamentals
Risk medium

Cyient Ltd trades at ₹1,242.9 as of 2026-10-26 with a market cap of ₹13,019.75 Cr and a P/E (TTM) of 37.12x against an EPS of ₹33.48. The stock sits near its 52-week high of ₹1,277 after recovering from a low of ₹750.3, but faces a sharp TTM profit decline of -27% even as TTM sales growth remains at 10%.

Bull Case 7
  • Near-zero leverage with a debt-to-equity ratio of just 0.08, providing strong balance sheet flexibility and resilience in a rising-rate environment
  • Healthy and consistent dividend payout of 45.7% with a current yield of 0.97%, signalling shareholder-friendly capital allocation
  • TTM revenue growth of 10% indicates the top line continues to expand despite broader IT sector headwinds
  • 10-year compounded sales CAGR of 9% and 5-year CAGR of 12% demonstrate a durable long-term revenue trajectory
  • 10-year stock price CAGR of 9% shows the company has created meaningful long-term shareholder value despite recent weakness
  • Strong recovery from the 52-week low of ₹750.3 to the current price of ₹1,242.9, a gain of approximately 66%, reflecting renewed market confidence
  • 5-year and 10-year ROE averages of 14% and 15% respectively indicate historically sound capital efficiency
Bear Case 8
  • TTM compounded profit growth is -27%, a sharp deterioration that explains the elevated P/E of 37.12x relative to current earnings power
  • 3-year compounded profit CAGR of -5% suggests the profit decline is not a one-off but a sustained trend
  • Last-year ROE has fallen to 9% (and trailing ROE is 7.51%), well below the 3-year average of 13% and 10-year average of 15%, indicating declining return on capital
  • P/E of 37.12x is elevated for a company delivering negative profit growth, implying the stock is priced for a recovery that has yet to materialize in earnings
  • 5-year compounded profit CAGR of only 5% lags the 5-year sales CAGR of 12%, pointing to persistent margin compression
  • 5-year stock CAGR of 0% and 3-year CAGR of -11% reflect prolonged underperformance and destruction of medium-term shareholder returns
  • Potential capitalisation of interest costs raises questions about the true reported profitability and operating margins
  • Price-to-book of 2.71x paired with a trailing ROE of just 7.51% means the stock trades at a significant premium to the returns it currently generates on equity

This is AI-generated analysis, not financial advice. Do your own due diligence.

AI News Digest

10d ago

TL;DR: Cyient delivered a strong Q2FY27 operationally with record order intake (up 20.8% YoY), highest EBIT in 10 quarters, and robust DET/DLM segment performance, driving the stock to a 52-week high of ₹1,245. However, net profit missed estimates by a wide margin (₹121 crore vs ₹154 crore expected) and declined 8% YoY, while management flagged near-term supply constraints on margins. The trend is improving on order momentum, AI/semiconductor positioning, and margin expansion, but execution on profit conversion and navigating supply headwinds will be key to sustaining the rally.

Headwinds 3
  • Net profit misses estimates Oct 23

    Q2FY27 net profit of ₹120-121 crore missed analyst estimate of ₹154 crore. Net profit also declined ~8% YoY from ₹143 crore in the year-ago quarter.

  • Near-term supply constraints flagged Oct 22

    Management noted near-term supply constraints may impact margins and growth, though healthy order book and ASIC pipeline of over $100 million provide longer-term confidence.

  • COO resigns after 22 years Oct 6

    Chief Operating Officer Prabhakar Atla resigned effective September 28, 2026, after 22 years at Cyient, creating a leadership gap in operations.

Positives 7
  • Record Q2 order intake, EBIT surge Oct 22

    Highest-ever Q2 order intake grew 20.8% YoY, with technology orders up 39.7% YoY. EBIT rose 21.6% to ₹228.3 crore, the highest in 10 quarters, with margins expanding to 10.21%.

  • Stock hits 52-week high at ₹1,245 Oct 22

    Shares rallied ~9% to a 52-week high of ₹1,245, up 15% over the month from a year low of ₹750.30 on March 30, 2026. Market cap reached ₹12,823-13,805 crore.

  • DET and DLM segments strong Oct 22

    DET revenue rose 8.05% QoQ to ₹1,664 crore with 14.2% EBIT margin. DLM achieved record order book with book-to-bill ratio above 1.6x and revenue growth over 26.5% YoY.

Neutral 2
  • Independent director term ends Oct 18

    Vikas Sehgal ceased as Independent Director on October 16, 2026, after completing his second five-year term. He also left the ESG and Stakeholders' committees.

  • Q2FY27 earnings call held Oct 22 Oct 10

    Cyient hosted its Q2FY27 earnings call on October 22 at 5:00 pm IST with MD Krishna Bodanapu and CEO Sukamal Banerjee. Company reported $658 million revenue in FY26.

Quarterly Results

₹ Cr
CYIENT quarterly results, ₹ crore
Particulars Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
Sales
1,778
1,821
1,861
1,676
1,849
1,926
1,909
1,712
1,781
1,848
1,927
2,076
2,235
Expenses
1,453
1,495
1,526
1,411
1,552
1,648
1,611
1,484
1,567
1,614
1,705
1,813
1,926
Operating Profit
326
326
335
265
297
278
298
228
214
235
222
263
309
OPM %
18%
18%
18%
16%
16%
14%
16%
13%
12%
13%
12%
13%
14%
Other Income
7
−32
23
21
51
−17
41
70
71
−11
−45
7
9
Interest
27
29
32
26
28
20
19
16
16
14
14
22
37
Depreciation
66
66
67
66
66
68
68
68
72
70
68
77
84
PBT
240
200
259
195
254
174
252
214
197
139
96.7
171
197
Tax %
24%
23%
24%
24%
27%
26%
26%
26%
27%
30%
31%
36%
33%
Net Profit
184
153
197
148
187
128
186
157
143
97
66
109
132
EPS (₹)
16.1
13.28
17.06
12.97
16.14
11.02
15.35
13.85
11.48
8.26
4.93
9.37
10.92

Profit & Loss

₹ Cr
CYIENT profit and loss, annual, ₹ crore
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales
2,736
3,094
3,586
3,914
4,618
4,427
4,132
4,534
6,016
7,147
7,360
7,268
8,086
Expenses
2,335
2,680
3,109
3,394
3,985
3,881
3,557
3,717
5,013
5,844
6,222
6,369
7,057
Operating Profit
401
414
477
520
633
546
575
818
1,003
1,303
1,138
899
1,029
OPM %
15%
13%
13%
13%
14%
12%
14%
18%
17%
18%
15%
12%
13%
Other Income
122
112
79
147
131
158
140
112
35
−2
97
84
−40
Interest
6
16
17
20
33
49
43
39
100
116
93
61
88
Depreciation
71
89
95
105
111
188
194
192
257
267
267
278
299
PBT
446
421
444
541
620
468
477
698
681
918
875
644
602
Tax %
25%
24%
24%
26%
23%
27%
24%
25%
24%
23%
26%
28%
—
Net Profit
351
320
340
403
477
341
364
522
514
703
648
463
404
EPS (₹)
31.43
28.94
30.54
36
42.33
31.14
33.06
47.35
46.52
61.57
55.45
38.51
33.48
Div. Payout %
25%
24%
34%
36%
35%
48%
51%
51%
56%
49%
47%
42%
—

Balance Sheet

₹ Cr
CYIENT balance sheet, annual, ₹ crore
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026Sep 2026
Equity Capital
56
56
56
56
55
55
55
55
55
56
56
56
52
Reserves
1,788
1,774
2,061
2,288
2,509
2,506
2,902
3,061
3,411
4,203
5,254
5,626
5,046
Borrowings
147
214
211
283
368
711
577
573
1,218
788
513
431
2,759
Other Liabilities
582
668
798
773
927
870
940
1,072
1,815
1,883
1,798
2,137
3,727
Total Liabilities
2,574
2,713
3,126
3,400
3,860
4,142
4,475
4,762
6,500
6,928
7,621
8,250
11,585
Fixed Assets
789
657
751
798
978
1,305
1,361
1,345
2,825
2,826
2,929
3,084
6,021
CWIP
10
10
26
52
104
146
88
13
44
57
79
5
12
Investments
101
160
196
143
55
41
34
445
518
436
502
457
587
Other Assets
1,674
1,886
2,153
2,409
2,723
2,650
2,992
2,959
3,113
3,609
4,112
4,704
4,965
Total Assets
2,574
2,713
3,126
3,400
3,860
4,142
4,475
4,762
6,500
6,928
7,621
8,250
11,585

Cash Flow

₹ Cr
CYIENT cash flow, annual, ₹ crore
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
362
278
420
296
370
582
856
634
554
726
790
787
Investing
−448
−54
−153
−57
−190
−146
−104
−377
−1,006
−537
−134
158
Financing
−32
−111
−93
−136
−232
−446
−253
−544
−109
−266
−58
−569
Net Cash Flow
−118
113
174
103
−52
−10
499
−287
−562
−77
598
376
Free Cash Flow
281
150
316
149
226
369
761
572
489
648
688
693
CFO/EBITDA
119
92
109
89
81
133
171
98
68
77
92
118

Ratios

CYIENT financial ratios, annual
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days
71
72
66
64
64
60
71
59
68
64
70
66
Inventory Days
—
189
124
156
160
211
110
178
228
177
185
303
Days Payable
—
599
522
453
323
347
314
336
374
189
126
249
Cash Conversion Cycle
71
−337
−331
−233
−99
−76
−133
−99
−78
52
128
119
Working Capital Days
43
41
27
36
47
35
24
23
17
43
64
68
ROCE %
25%
22%
22%
23%
24%
17%
15%
20%
20%
22%
17%
12%

Insights

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

Log in to view Cyient insights

73 extracted metrics across FY12–FY27.

Shareholding Pattern

As of Sep 2026

  • DIIs 38.96%
  • Promoters 24.76%
  • FIIs 14.71%
  • Public 13.71%
  • Others 7.86%

No promoter shares pledged as of Sep 2026

Change since Jun 2026

Not shown for some quarters: Others. Not available separately for this quarter: the shareholding filing gives Public and Others as one figure, shown under Public, so Others is left blank rather than estimated.

Documents

Frequently Asked Questions about Cyient

What does Cyient Ltd do?
Cyient (formerly Infotech Enterprises Limited) is an Indian multinational technology company that is focused on engineering, manufacturing, data analytics, and networks and operations. Infotech Enterprises Ltd. was established in 1991 in Hyderabad.
Where is Cyient Ltd (CYIENT) listed?
Cyient Ltd trades as CYIENT on the NSE and under code 532175 on the BSE.
Which sector does Cyient Ltd belong to?
Cyient Ltd is classified under the Information Technology sector, in the IT Enabled Services industry.
What is the PE ratio of Cyient Ltd?
Cyient Ltd trades at a PE ratio of 33.24 as of 4 Nov 2026, on earnings per share of ₹33.48, against a book value of ₹458.93 per share.
What is the 52-week high and low of Cyient Ltd?
Over the last 52 weeks Cyient Ltd has traded between ₹750.3 and ₹1,277 as of 4 Nov 2026.
Does Cyient Ltd pay dividends?
Cyient Ltd has a dividend yield of 1.05%.
What is the Return on Equity (ROE) of Cyient Ltd?
Cyient Ltd reported a return on equity of 8.61%. Its debt-to-equity ratio is 0.54.

Company Information

Cyient (formerly Infotech Enterprises Limited) is an Indian multinational technology company that is focused on engineering, manufacturing, data analytics, and networks and operations. Infotech Enterprises Ltd. was established in 1991 in Hyderabad.

Website cyient.com
CEO Mr. Sukamal Banerjee
Employees 11,884
Listed 30 Sep 1998
Face Value ₹5

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