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Cyient Limited
(CYIENT)
Cyient Limited (CYIENT) vs. iShares MSCI India ETF (INDA)
Cyient Limited Business Overview & Revenue Model
Cyient Limited Financial Statement Overview
| Breakdown | TTM | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 73.97B | 73.60B | 71.47B | 60.16B | 45.34B | 41.32B |
| Gross Profit | 23.93B | 14.88B | 24.24B | 14.21B | 18.82B | 16.35B |
| EBITDA | 12.09B | 11.43B | 13.00B | 10.23B | 9.25B | 7.14B |
| Net Income | 6.26B | 6.16B | 6.83B | 5.14B | 5.22B | 3.64B |
Balance Sheet | ||||||
| Total Assets | 79.95B | 76.95B | 70.04B | 65.48B | 47.87B | 44.93B |
| Cash, Cash Equivalents and Short-Term Investments | 17.41B | 14.68B | 10.59B | 7.91B | 13.00B | 14.38B |
| Total Debt | 5.65B | 5.13B | 7.88B | 12.18B | 5.73B | 5.77B |
| Total Liabilities | 20.01B | 19.34B | 24.47B | 30.85B | 16.74B | 15.39B |
| Stockholders Equity | 59.95B | 53.09B | 42.58B | 34.67B | 31.17B | 29.57B |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | 6.86B | 6.41B | 4.86B | 5.70B | 7.57B |
| Operating Cash Flow | 0.00 | 7.90B | 7.26B | 5.54B | 6.34B | 8.56B |
| Investing Cash Flow | 0.00 | -1.45B | -5.33B | -10.33B | -3.82B | -1.01B |
| Financing Cash Flow | 0.00 | -582.00M | -2.66B | -1.09B | -5.45B | -2.11B |
Cyient Limited Technical Analysis
Cyient Limited Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
74 Outperform | ₹163.67B | 18.85 | ― | 2.09% | 1.03% | -17.68% | |
73 Outperform | ₹99.93B | 18.56 | ― | 2.62% | 1.68% | -12.95% | |
65 Neutral | ₹153.36B | 64.96 | ― | 0.47% | 4.51% | -57.87% | |
65 Neutral | ₹181.53B | 127.08 | ― | ― | ― | ― | |
64 Neutral | ₹31.80B | 14.82 | ― | 9.28% | -48.50% | 92.06% | |
62 Neutral | ₹137.30B | 56.19 | ― | 0.29% | -1.31% | 3.61% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% |
Cyient Limited Corporate Events
Cyient Limited has reshuffled its leadership ranks, appointing Shrinivas Kulkarni as chief financial officer effective April 1, 2026, while current CFO Prabhakar Atla moves into the chief operating officer role on the same date. The company said both executives will work together through the close of fiscal 2026 accounts to ensure continuity, signaling an effort to strengthen financial oversight and operational execution as it pursues growth and efficiency goals.
Kulkarni, formerly CFO of subsidiary Cyient DLM and a key figure in its 2023 IPO, brings experience across corporate finance, treasury, taxation, M&A and investor relations, which could deepen the group’s capital markets and governance capabilities. Elevating Atla to COO suggests Cyient is leveraging his financial background to tighten operational efficiency and margin management, a move likely aimed at supporting scalable growth and reinforcing stakeholder confidence in the company’s leadership bench.
Cyient Limited’s board has approved senior leadership changes effective 1 April 2026, appointing Shrinivas Kulkarni as Chief Financial Officer and key managerial personnel. Kulkarni, who previously served as CFO of subsidiary Cyient DLM and led its 2023 IPO, brings extensive experience in corporate finance, M&A, and investor relations to the group role.
Current CFO Prabhakar Atla will transition to Chief Operating Officer on the same date, with both executives working together to ensure a seamless close of FY 2026 accounts. The reshuffle signals a strengthening of Cyient’s finance and operations leadership as it seeks to enhance governance, drive operational efficiency, and support future growth and shareholder value creation.
Cyient Limited’s board has approved the appointment of Shrinivas Kulkarni as Chief Financial Officer, effective 1 April 2026, following his tenure as CFO of subsidiary Cyient DLM where he led finance, IPO execution, and operational efficiency initiatives. The current CFO, Prabhakar Atla, will transition to the role of Chief Operating Officer from the same date, with both executives working together to ensure a smooth financial year-end close, signaling a planned leadership realignment across finance and operations to support the company’s next phase of growth.
The leadership changes reflect Cyient’s effort to leverage Kulkarni’s capital markets and governance experience at group level while redeploying Atla’s expertise into broader operational oversight. This structured transition is likely aimed at strengthening financial discipline and execution across the business, positioning the company for enhanced growth, improved margins, and more robust stakeholder confidence as it enters the new financial year.
Cyient Inc., the wholly owned U.S. subsidiary of Cyient Limited, has incorporated a new entity, CDS Lavender Holdings, Inc., in Delaware as a 100% owned subsidiary. The new company is authorized to engage in any lawful activity under Delaware corporate law and is classified under the aerospace and defense industry, indicating Cyient’s continued focus on this strategic sector.
The incorporation, funded through cash subscription to the new entity’s share capital, appears to be a structural move rather than an acquisition of an existing operating business, as the company reports no turnover history for the past three years. While specific operational plans were not disclosed, the creation of this Delaware-based vehicle is likely aimed at enhancing Cyient’s flexibility for future aerospace and defense transactions or expansions in the U.S. market.
Cyient Limited has updated the market on its upcoming investor interactions, correcting the stated date of its participation in the IIFL Entrepreneurial India Conference 2026 to 26 February in Mumbai. The company also confirmed that its President and Chief Financial Officer, Prabhakar Atla, will meet investors at both the Kotak Institutional Equities Chasing Growth 2026 Conference and the IIFL event, while emphasizing that no unpublished price-sensitive information will be disclosed and that the schedule is available on its website.
Cyient Limited has released the official transcript of its Q3 FY26 earnings conference call, which followed a meeting of the Board of Directors held on 22 January 2026. The disclosure, filed with both BSE and NSE, provides investors and other stakeholders with detailed management commentary from the executive vice chairman and managing director, the CEO, and the CFO on the company’s third-quarter performance, reinforcing Cyient’s commitment to regulatory transparency and timely communication with the market.
Cyient Limited has notified the stock exchanges that it has published newspaper advertisements of its financial results for the quarter and nine months ended 31 December 2025, as required under Regulation 47 of SEBI’s Listing Obligations and Disclosure Requirements. The results, approved by the board on 22 January 2026, were carried in the English daily Business Standard across all editions and the Telugu daily Mana Telangana, underscoring Cyient’s compliance with disclosure norms and its efforts to keep investors and stakeholders informed through both national and regional media channels.
Cyient Limited has announced that the audio recording of its Q3 FY26 earnings conference call, held on 22 January 2026, has been made available on the company’s website for investors and stakeholders. The disclosure enhances transparency and access to the company’s financial communications, enabling shareholders, analysts, and market participants to review management’s commentary on quarterly performance and outlook at their convenience.
Cyient Limited has scheduled an earnings conference call on 22 January 2026 to discuss its financial results for the third quarter ended 31 December 2025. The call, to be led by Managing Director and Executive Vice-Chairman Krishna Bodanapu, Executive Director and CEO Sukamal Banerjee, and President and CFO Prabhakar Atla, will give investors and analysts an opportunity to review the company’s quarterly performance and outlook, underscoring Cyient’s engagement with global capital markets and its efforts to maintain transparency with stakeholders.
Cyient Limited has allotted 12,442 equity shares to its associates following the exercise of employee stock options granted under its ASOP 2015 and ARSUS 2020 schemes. The modest equity issuance underscores the company’s ongoing use of stock-based compensation to align employee interests with shareholders and support talent retention, with a negligible impact expected on the overall share capital structure.
Cyient Limited has notified stock exchanges that the recording of its conference call held on 18 December 2025, relating to Cyient Semiconductors’ acquisition of a majority stake in Kinetic Technologies, has been made available on the company’s investor relations website. The disclosure enhances transparency for investors and analysts by providing access to management’s discussion and details surrounding the semiconductor-focused acquisition, which is a relevant step in Cyient’s broader strategic push in that sector.
Cyient Semiconductors, a division of Cyient Limited, has acquired a majority stake in Kinetic Technologies, a global leader in power management and analog ICs, for up to USD 93 million. This strategic acquisition positions Cyient Semiconductors as a leader in the $40 billion power semiconductor market, enhancing their capabilities in high-growth sectors such as edge AI, automotive, and industrial automation while leveraging Kinetic’s expertise, patents, and established customer relationships.
Cyient Limited has announced the expansion of its operations in the Middle East, aiming to enhance its service delivery in the Energy, Utilities, Transportation, and Connectivity sectors. This strategic move includes the acquisition of Abu Dhabi & Gulf Computer Est., which will bolster Cyient’s capabilities in digital transformation and IoT solutions, aligning with the region’s energy-transition goals. The expansion is set to capitalize on the Middle East’s projected $200 billion investment in the energy sector, offering significant growth opportunities in utilities modernization, smart transportation, and public-sector digitalization.