Financials Cyient DLM Limited

Equities

CYIENTDLM

INE055S01018

Electrical Components & Equipment

Market Closed - NSE India S.E. Other stock markets 07:43:53 2024-07-12 am EDT			5-day change	1st Jan Change
765.6 ^INR	-2.48%		-2.56%	+13.47%

Apr. 24	Cyient DLM's Consolidated Net Profit Jumps in Fiscal Q4	MT
Apr. 23	Cyient DLM Limited Reports Earnings Results for the Fourth Quarter and Full Year Ended March 31, 2024	CI

Valuation

Fiscal Period: March	2024	2025	2026	2027
Capitalization ¹	57,132	60,721	-	-
Enterprise Value (EV) ¹	53,102	64,224	64,649	64,580
P/E ratio	85.9 x	53.4 x	36.4 x	30.1 x
Yield	-	-	-	-
Capitalization / Revenue	4.79 x	3.76 x	2.85 x	2.28 x
EV / Revenue	4.46 x	3.98 x	3.03 x	2.42 x
EV / EBITDA	47.8 x	39.3 x	27.4 x	22.7 x
EV / FCF	-50.9 x	259 x	74.4 x	-1,133 x
FCF Yield	-1.96%	0.39%	1.34%	-0.09%
Price to Book	6.29 x	5.9 x	5.05 x	4.38 x
Nbr of stocks (in thousands)	79,306	79,306	-	-
Reference price ²	720.4	765.6	765.6	765.6
Announcement Date	4/23/24	-	-	-

¹INR in Million²INR

Estimates

Income Statement Evolution (Annual data)

Fiscal Period: March	2023	2024	2025	2026	2027
Net sales ¹	-	11,919	16,141	21,315	26,672
EBITDA ¹	-	1,110	1,636	2,362	2,848
EBIT ¹	-	887	1,210	2,081	2,522
Operating Margin	-	7.44%	7.49%	9.76%	9.45%
Earnings before Tax (EBT) ¹	-	821.4	1,552	2,202	2,697
Net income ¹	317.3	612	1,159	1,646	2,012
Net margin	-	5.13%	7.18%	7.72%	7.54%
EPS ²	7.750	8.390	14.35	21.02	25.40
Free Cash Flow ¹	-	-1,043	248.3	869.5	-57
FCF margin	-	-8.75%	1.54%	4.08%	-0.21%
FCF Conversion (EBITDA)	-	-	15.18%	36.82%	-
FCF Conversion (Net income)	-	-	21.43%	52.83%	-
Dividend per Share	-	-	-	-	-
Announcement Date	6/21/23	4/23/24	-	-	-

¹INR in Million²INR

Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: March	2024 Q1	2024 Q2	2024 Q3	2024 Q4	2025 Q1	2025 Q2	2025 Q3	2025 Q4
Net sales ¹	-	2,918	3,210	3,618	2,608	3,837	4,366	5,162
EBITDA ¹	-	235.4	294.4	380.5	180	361	499	649
EBIT ¹	-	180.7	236.7	318	124.5	-	-	-
Operating Margin	-	6.19%	7.37%	8.79%	4.77%	-	-	-
Earnings before Tax (EBT) ¹	-	-	246.9	307	130.5	319	464	644
Net income ¹	53.59	146.5	184.4	227.4	86.67	239	347	482
Net margin	-	5.02%	5.74%	6.29%	3.32%	6.23%	7.95%	9.34%
EPS ²	0.9900	1.880	2.320	-	1.300	-	-	-
Dividend per Share	-	-	-	-	-	-	-	-
Announcement Date	7/21/23	10/16/23	1/23/24	4/23/24	-	-	-	-

¹INR in Million²INR

Estimates

Balance Sheet Analysis

Fiscal Period: March	2023	2024	2025	2026	2027
Net Debt ¹	-	-	3,503	3,928	3,859
Net Cash position ¹	-	4,030	-	-	-
Leverage (Debt/EBITDA)	-	-	2.141 x	1.663 x	1.355 x
Free Cash Flow ¹	-	-1,043	248	870	-57
ROE (net income / shareholders' equity)	-	11.1%	11.4%	14.3%	15.2%
ROA (Net income/ Total Assets)	-	4.52%	6.7%	7.9%	-
Assets ¹	-	13,540	17,294	20,835	-
Book Value Per Share ²	-	115.0	130.0	152.0	175.0
Cash Flow per Share ²	-	-8.890	3.000	22.40	-
Capex ¹	-	338	350	375	712
Capex / Sales	-	2.83%	2.17%	1.76%	2.67%
Announcement Date	6/21/23	4/23/24	-	-	-

¹INR in Million²INR

Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

Ratings for Cyient DLM Limited

Trading Rating

Investor Rating

ESG Refinitiv

More Ratings

Analysts' Consensus

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

765.6 INR

Average target price

812 INR

Spread / Average Target

+6.05%

Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

Company calendar

Sector Electrical Component

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CYIENT DLM LIMITED	+13.47%	727M
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Electrical Component