Financials Cyient Limited

Equities

CYIENT

INE136B01020

IT Services & Consulting

Market Closed - Bombay S.E. 06:00:54 2024-07-12 am EDT 5-day change 1st Jan Change
1,836 INR +3.41% Intraday chart for Cyient Limited +2.41% -19.90%

Valuation

Fiscal Period: March 2020 2021 2022 2023 2024 2025 2026 2027
Capitalization 1 25,255 71,365 102,501 109,746 221,070 196,970 - -
Enterprise Value (EV) 1 22,440 62,060 90,724 113,012 218,353 187,432 182,326 172,686
P/E ratio 7.37 x 19.6 x 19.5 x 21.2 x 32.3 x 23.5 x 19.8 x 17.5 x
Yield 6.53% 2.62% 2.58% 2.62% 1.5% 2.1% 2.48% 2.78%
Capitalization / Revenue 0.57 x 1.73 x 2.26 x 1.82 x 3.09 x 2.5 x 2.18 x 1.92 x
EV / Revenue 0.51 x 1.5 x 2 x 1.88 x 3.06 x 2.38 x 2.02 x 1.68 x
EV / EBITDA 3.81 x 10.8 x 11.1 x 11.3 x 16.8 x 13.2 x 11.1 x 9.07 x
EV / FCF 6.11 x 8.19 x 15.9 x 23.2 x 34.1 x 21.6 x 19.2 x 14.8 x
FCF Yield 16.4% 12.2% 6.28% 4.3% 2.93% 4.64% 5.21% 6.77%
Price to Book 0.99 x 2.41 x 3.29 x 3.17 x 5.18 x 4.36 x 3.9 x 3.4 x
Nbr of stocks (in thousands) 109,971 110,030 110,317 110,575 110,890 110,925 - -
Reference price 2 229.6 648.6 929.2 992.5 1,994 1,776 1,776 1,776
Announcement Date 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: Marzo 2020 2021 2022 2023 2024 2025 2026 2027
Net sales 1 44,274 41,324 45,344 60,159 71,472 78,851 90,313 102,617
EBITDA 1 5,893 5,750 8,178 10,031 13,028 14,208 16,456 19,039
EBIT 1 4,015 3,805 6,256 7,465 10,361 11,296 13,286 15,086
Operating Margin 9.07% 9.21% 13.8% 12.41% 14.5% 14.33% 14.71% 14.7%
Earnings before Tax (EBT) 1 4,682 4,771 6,984 6,812 9,184 11,420 13,482 15,385
Net income 1 3,425 3,638 5,223 5,144 6,828 8,360 9,870 11,110
Net margin 7.74% 8.8% 11.52% 8.55% 9.55% 10.6% 10.93% 10.83%
EPS 2 31.14 33.06 47.54 46.71 61.71 75.64 89.48 101.7
Free Cash Flow 1 3,675 7,573 5,698 4,864 6,408 8,690 9,507 11,690
FCF margin 8.3% 18.33% 12.57% 8.09% 8.97% 11.02% 10.53% 11.39%
FCF Conversion (EBITDA) 62.36% 131.7% 69.67% 48.49% 49.19% 61.16% 57.77% 61.4%
FCF Conversion (Net income) 107.3% 208.16% 109.09% 94.56% 93.85% 103.95% 96.32% 105.22%
Dividend per Share 2 15.00 17.00 24.00 26.00 30.00 37.24 44.06 49.40
Announcement Date 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 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1 2025 Q2 2025 Q3 2025 Q4 2026 Q1
Net sales 1 11,834 11,812 12,501 13,962 16,182 17,514 16,865 17,785 18,214 18,608 17,323 19,256 19,925 21,048 -
EBITDA 1 2,118 2,124 1,932 2,046 2,833 3,220 3,156 3,258 3,261 3,353 3,154 3,538 3,672 3,978 -
EBIT 1 1,632 1,695 1,421 1,416 2,134 2,494 2,480 2,600 2,600 2,681 2,420 2,816 2,928 3,196 -
Operating Margin 13.79% 14.35% 11.37% 10.14% 13.19% 14.24% 14.71% 14.62% 14.27% 14.41% 13.97% 14.62% 14.69% 15.19% -
Earnings before Tax (EBT) 1 1,748 2,085 1,595 1,085 - - 2,193 2,403 1,997 2,591 2,408 2,713 2,773 3,096 -
Net income 1 1,318 1,542 1,161 791 1,560 - 1,681 1,783 1,472 1,892 1,857 1,996 2,029 2,250 -
Net margin 11.14% 13.05% 9.29% 5.67% 9.64% - 9.97% 10.03% 8.08% 10.17% 10.72% 10.37% 10.18% 10.69% -
EPS 2 12.01 14.03 10.57 7.200 14.17 14.79 15.20 16.11 13.29 17.07 16.84 17.90 18.67 20.30 20.70
Dividend per Share - - - - - - - - - - - - - - -
Announcement Date 1/21/22 4/21/22 7/21/22 10/13/22 1/12/23 4/20/23 7/25/23 10/19/23 1/25/24 4/25/24 - - - - -
1INR in Million2INR
Estimates

Balance Sheet Analysis

Fiscal Period: March 2020 2021 2022 2023 2024 2025 2026 2027
Net Debt 1 - - - 3,266 - - - -
Net Cash position 1 2,815 9,305 11,777 - 2,717 9,539 14,644 24,285
Leverage (Debt/EBITDA) - - - 0.3256 x - - - -
Free Cash Flow 1 3,675 7,573 5,698 4,864 6,408 8,690 9,507 11,690
ROE (net income / shareholders' equity) 13.4% 13.2% 17.2% 15.6% 19% 18.7% 19.9% 20.2%
ROA (Net income/ Total Assets) 8.49% 8.39% 11.3% - 10.9% 11% 12.6% 13.3%
Assets 1 40,344 43,363 46,401 - 62,893 76,027 78,617 83,272
Book Value Per Share 2 233.0 269.0 282.0 313.0 385.0 407.0 455.0 523.0
Cash Flow per Share 2 - - - - 65.60 88.20 95.30 105.0
Capex 1 2,149 985 647 675 853 1,933 2,147 1,993
Capex / Sales 4.85% 2.38% 1.43% 1.12% 1.19% 2.45% 2.38% 1.94%
Announcement Date 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
B+
More Ratings
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
19
Last Close Price
1,776 INR
Average target price
2,161 INR
Spread / Average Target
+21.69%
Consensus
  1. Stock Market
  2. Equities
  3. CYIENT Stock
  4. Financials Cyient Limited