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Cyient DLM

CYIENTDLM NSE
₹753.65 +9.80 (+1.32%)
P/E
71.30
View as Markdown
MCP
Close 4 Nov 2026 ₹753.65 +308.75 +69.4% 1Y
Start ₹444.90

Key Fundamentals

MicrocapAerospace & DefenseCapital Goods

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

ROCE
9.90%
Debt to Equity
0.19
EPS (TTM)
₹10.57
Book Value
₹134.56
Market Cap
—
P/E (TTM)
71.30
P/B
5.60
ROE
7.49%
Dividend Yield
0.00%
EBITDA
₹163 Cr
52W High
₹1,061.00
52W Low
₹265.20
Day Range
₹728.00 – ₹757.80
Volume
1,53,795

Peer Comparison

Industrials › Capital Goods › Industrial Products › Aerospace & Defense

Cyient DLM peer comparison
Hindustan Aeronautics
₹5,079.1036.44₹3,35,230 Cr8.280.91%24.00%32.00%₹33,785 Cr₹9,322 Cr
Bharat Electronics
₹398.0045.49₹2,84,935 Cr11.080.66%27.40%36.40%₹30,253 Cr₹6,401 Cr
Bharat Dynamics
₹1,075.0075.65₹37,987 Cr9.290.48%10.20%13.90%₹2,766 Cr₹521 Cr
Garden Reach Shipbuilders
₹2,143.4030.66₹24,395 Cr9.350.92%31.60%42.80%₹7,507 Cr₹801 Cr
Data Patterns
₹4,078.0085.21₹22,179 Cr13.150.25%15.20%21.90%₹941 Cr₹267 Cr
Sigma Advanced System
₹938.70103.38₹17,375 Cr18.900.00%−4.03%11.70%₹861 Cr₹166 Cr
Aequs
₹219.59—₹14,236 Cr10.570.00%−9.96%1.69%₹1,370 Cr−₹171 Cr
Cyient DLM (this company)
₹753.6571.30₹5,869 Cr5.600.00%7.49%9.90%₹1,439 Cr₹83 Cr
Median 8 companies₹1,006.8571.30₹23,287 Cr9.960.37%12.70%17.90%₹2,103 Cr₹394 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

43 Weak

Data confidence 98/100

surveillance:ASM1

Category scores

Quality
44
Weak
Returns, margins, earnings quality 22% weight
Valuation
35
Poor
Cheap vs sector & own history 24% weight
Growth
17
Poor
Sales & profit trajectory 9% weight
Financial Health
49
Average
Solvency, leverage, coverage 9% weight
Momentum
90
Strong
Trend strength, vol-adjusted 12% weight
Ownership
50
Average
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 reduced debt.

Weaknesses

5
  • Stock is trading at 5.63 times its book value
  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company has a low return on equity of 8.23% over last 3 years.
  • Promoter holding has decreased over last 3 years: -14.6%
  • Working capital days have increased from 118 days to 169 days

Technical Indicators

Technical signals: verdict and indicator counts
GroupSignalBearishNeutralBullish
OverallNeutral838
OscillatorsBullish234
Moving AveragesStrong Bearish604

Key readings

RSI (14)
38.98
Neutral
MACD (12,26,9)
−41.80
Bearish
SMA (50)
870.33
Bearish
SMA (200)
546.78
Bullish

As of

Analyst Rating

Based on 9 analysts
TIED44%

4 of 9 analysts rate Buy, 1 Hold, 4 Sell.

As of

BUY
4
44%
HOLD
1
11%
SELL
4
44%

Growth Rate

From the financial statements below. 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
3Y+14.87%
1Y−17.04%
TTM−1.51%

Net profit

Net profit growth by window
3Y+31.64%
1Y+7.35%
TTM+2.47%

Operating cash flow

Operating cash flow growth by window
3Y0.00%
1YTurned positive
TTM—

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

Operating margin· change in pp

Operating margin growth by window
3Y−0.51 pp
1Y+1.06 pp
TTM+0.36 pp

Revenue by year

Revenue by year, ₹ crore
Mar 2023₹832 Cr
Mar 2024₹1,192 Cr
Mar 2025₹1,520 Cr
Mar 2026₹1,261 Cr

Net profit by year

Net profit by year, ₹ crore
Mar 2023₹32.00 Cr
Mar 2024₹61.00 Cr
Mar 2025₹68.00 Cr
Mar 2026₹73.00 Cr

Analyst Forecasts

Forecast For
Dec 26 consensus · EBITDA
₹37.50 Cr −34.0% vs Sep 26
Reported High Mean Low

AI Analysis — Bull vs Bear

Generated 31 Jul 2026
AI opinion · based on fundamentals
Risk high

Cyient DLM Ltd operates in the capital goods sector with a market cap of ₹5,473 Cr and trades at a PE of 65.5x. The company has shown strong profit compounding at 32% CAGR over 3 years but TTM sales have declined 12%, while ROE remains modest at around 7-8%.

Bull Case 7
  • Compounded profit growth of 32% CAGR over 3 years indicates strong earnings trajectory
  • TTM profit growth of 26% shows continued earnings momentum despite revenue headwinds
  • Company has reduced debt, improving balance sheet health and financial flexibility
  • Compounded sales growth of 15% over 3 years demonstrates medium-term revenue expansion capability
  • Stock CAGR of 51% over 1 year reflects strong market confidence and re-rating in the capital goods space
  • 3-year stock CAGR of 10% suggests sustained investor interest since listing
  • Operating in the electronics manufacturing and design-led manufacturing space which is a structural growth theme in India's capital goods sector
Bear Case 8
  • PE of 65.5x is elevated, demanding significant future growth to justify current valuation
  • TTM sales have declined 12%, signaling near-term revenue contraction and potential demand softness
  • ROE of only 7-8% over last 3 years indicates poor capital efficiency relative to the premium valuation
  • Promoter holding has decreased by 14.6% over 3 years, raising governance and alignment concerns
  • Working capital days have increased from 118 to 169 days, indicating deteriorating cash conversion cycle
  • Price-to-book of 5.31x is expensive for a company generating single-digit ROE
  • Zero dividend yield despite repeated profitability suggests capital is not being returned to shareholders
  • Disconnect between profit growth (26% TTM) and sales decline (-12% TTM) warrants scrutiny on earnings quality and sustainability

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

AI News Digest

94d ago

TL;DR: A quiet period for Cyient DLM with no material positive or negative catalysts — only routine corporate governance updates and scheduled earnings disclosures. The investor meet with four mutual funds signals continued institutional interest. Key focus shifts to Q1 FY27 results for any operational or financial signals on the company's trajectory.

Neutral 3
  • Investor meet with major MFs Jul 25

    Cyient DLM hosting in-person investor/analyst meeting on July 28, 2026 with CEO and CFO addressing Axis MF, Bandhan MF, Moti MF, and DSP MF.

  • Q1 FY27 earnings call scheduled Jul 15

    Q1 FY27 results to be announced on July 21, 2026 with earnings conference call at 5:30 PM IST. Board meeting formally scheduled for the same date.

  • Independent Director tenure ends Jul 20

    Yadama Muralidhar ceased to be Independent Director on July 20, 2026 upon completion of his tenure. Routine board composition change.

Quarterly Results

₹ Cr
CYIENTDLM quarterly results, ₹ crore
Particulars Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
Sales
292
321
362
258
389
444
428
278
311
303
369
374
393
Expenses
268
292
324
238
358
416
371
253
279
276
326
335
359
Operating Profit
24
29
38
20
32
28
57
25
31
28
43
39
34
OPM %
8%
9%
11%
8%
8%
6%
13%
9%
10%
9%
12%
10%
9%
Other Income
9
9
8
9
7
7
3
4
23
4
5
0
23
Interest
8
8
9
8
11
10
9
9
7
6
6
6
6
Depreciation
5
6
6
7
7
10
10
11
11
11
11
11
11
PBT
20
25
31
14
21
15
42
10
36
15
32
22
39
Tax %
26%
25%
26%
25%
26%
27%
26%
26%
12%
25%
29%
27%
13%
Net Profit
15
18
23
11
15
11
31
7
32
11
22
16
34
EPS (₹)
1.85
2.33
2.87
1.34
1.95
1.39
3.91
0.94
4.05
1.41
2.83
2.05
4.28

Profit & Loss

₹ Cr
CYIENTDLM profit and loss, annual, ₹ crore
Particulars Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales
832
1,192
1,520
1,261
1,439
Expenses
744
1,081
1,382
1,135
1,295
Operating Profit
88
111
137
127
144
OPM %
11%
9%
9%
10%
10%
Other Income
6
28
26
36
32
Interest
32
34
38
27
24
Depreciation
19
22
34
43
44
PBT
43
82
92
93
108
Tax %
26%
25%
26%
21%
—
Net Profit
32
61
68
73
84
EPS (₹)
6
7.72
8.58
9.23
10.57
Div. Payout %
0%
0%
0%
0%
—

Balance Sheet

₹ Cr
CYIENTDLM balance sheet, annual, ₹ crore
Particulars Mar 2023Mar 2024Mar 2025Mar 2026Sep 2026
Equity Capital
53
79
79
79
79
Reserves
145
830
870
933
989
Borrowings
356
192
301
172
204
Other Liabilities
551
502
443
458
477
Total Liabilities
1,105
1,603
1,694
1,642
1,748
Fixed Assets
161
192
346
355
358
CWIP
1
1
6
2
4
Investments
90
66
31
30
10
Other Assets
853
1,344
1,311
1,255
1,376
Total Assets
1,105
1,603
1,694
1,642
1,748

Cash Flow

₹ Cr
CYIENTDLM cash flow, annual, ₹ crore
Particulars Mar 2023Mar 2024Mar 2025Mar 2026
Operating
54
−71
−62
54
Investing
−142
−428
127
167
Financing
72
479
−59
−188
Net Cash Flow
−16
−19
5
33
Free Cash Flow
46
−104
−112
9
CFO/EBITDA
81
−46
−27
60

Ratios

CYIENTDLM financial ratios, annual
Particulars Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days
71
69
83
89
Inventory Days
240
184
188
314
Days Payable
161
123
82
133
Cash Conversion Cycle
150
131
189
270
Working Capital Days
−32
76
111
169
ROCE %
—
14%
11%
10%

Insights

Beta

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

Log in to view Cyient DLM insights

66 extracted metrics across FY22–FY27.

Shareholding Pattern

As of Sep 2026

  • Promoters 52.11%
  • DIIs 27.12%
  • Public 15.43%
  • Others 2.90%
  • FIIs 2.43%
  • Government 0.02%

No promoter shares pledged as of 14 Oct 2026

Change vs previous quarter

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 DLM

What does Cyient DLM Ltd do?
Cyient DLM is a leading electronics system design and manufacturing player, which provides system design, integration, testing, and manufacturing of electronic components and subsystems for original equipment manufacturers (OEMs) in the aerospace and defense sectors and other high-tech engineering…
Where is Cyient DLM Ltd (CYIENTDLM) listed?
Cyient DLM Ltd trades as CYIENTDLM on the NSE and under code 543933 on the BSE.
Which sector does Cyient DLM Ltd belong to?
Cyient DLM Ltd is classified under the Capital Goods sector, in the Industrial Products industry.
What is the PE ratio of Cyient DLM Ltd?
Cyient DLM Ltd trades at a PE ratio of 71.30 as of 4 Nov 2026, on earnings per share of ₹10.57, against a book value of ₹134.56 per share.
What is the 52-week high and low of Cyient DLM Ltd?
Over the last 52 weeks Cyient DLM Ltd has traded between ₹265.2 and ₹1,061 as of 4 Nov 2026.
What is the Return on Equity (ROE) of Cyient DLM Ltd?
Cyient DLM Ltd reported a return on equity of 7.49%. Its debt-to-equity ratio is 0.19.

Company Information

Cyient DLM is a leading electronics system design and manufacturing player, which provides system design, integration, testing, and manufacturing of electronic components and subsystems for original equipment manufacturers (OEMs) in the aerospace and defense sectors and other high-tech engineering segments. It has customers in India, Europe, North America, China and Japan.

Website cyientdlm.com
CEO Mr. Rajendra Velagapudi
Employees 859
Listed 10 Jul 2023
Face Value ₹10

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