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Cyient Limited
(CYIENT)
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Rating:65Neutral
Price Target:
₹922.00
▲(9.76% Upside)
Action:Reiterated
Date:08/04/26
The score is driven primarily by solid underlying financial stability (low leverage and strong free cash flow), tempered by the recent FY2026 profitability compression and growth slowdown. Technically, the stock lacks clear upward momentum (below key medium/long-term moving averages and negative MACD), while valuation is supported by a decent dividend yield but a mid-20s P/E keeps it from scoring higher.
Positive Factors
Conservative balance sheet / low leverage
A low debt profile and improving leverage provide durable financial flexibility, reducing refinancing and solvency risk across business cycles. This supports continued investment in engineering capabilities and cushions margin pressure during cyclical slowdowns, sustaining long-term operational resilience.
Negative Factors
Profitability compression in FY2026
Material margin declines across gross, EBIT and EBITDA in FY2026 signal cost pressure and weakening operating leverage. If persistent, compressed margins can erode reinvestment capacity and returns on capital, forcing restructuring or margin recovery initiatives that take multiple quarters to materialize.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative balance sheet / low leverage
A low debt profile and improving leverage provide durable financial flexibility, reducing refinancing and solvency risk across business cycles. This supports continued investment in engineering capabilities and cushions margin pressure during cyclical slowdowns, sustaining long-term operational resilience.
Read all positive factors
Cyient Limited (CYIENT) vs. iShares MSCI India ETF (INDA)
Market Cap
₹93.37B
Dividend Yield3.42%
Average Volume (3M)28.76K
Price to Earnings (P/E)25.7
Beta (1Y)1.50
Revenue Growth3.19%
EPS Growth-39.67%
CountryIN
Employees12,151
SectorGeneral
Sector StrengthN/A
IndustryInformation Technology Services
Share Statistics
EPS (TTM)34.27
Shares Outstanding111,141,810
10 Day Avg. Volume49,740
30 Day Avg. Volume28,762
Financial Highlights & Ratios
PEG Ratio-0.63
Price to Book (P/B)1.46
Price to Sales (P/S)1.14
P/FCF Ratio11.37
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
₹1,050.00Price Target Upside25.00% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)56.96
Revenue Forecast (FY)₹86.15B
Cyient Limited Business Overview & Revenue Model
Company Description
Established in 1991 and headquartered in Hyderabad, India, Cyient Limited (formerly Infotech Enterprises Limited until May 2014) is a global technology and engineering services company. It delivers a wide array of solutions, including geospatial, ...
How the Company Makes Money
Cyient makes money primarily by delivering engineering and technology services to enterprise customers under contracted commercial arrangements. Key revenue streams include: (1) Engineering and R&D services: fees earned for engineering design, dev...
Cyient Limited Financial Statement Overview
Summary
Income Statement
62
Positive
Balance Sheet
78
Positive
Cash Flow
74
Positive
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 76.32B | 72.68B | 73.60B | 71.47B | 60.16B | 45.34B |
| Gross Profit | 23.81B | 21.70B | 29.04B | 29.82B | 25.46B | 18.66B |
| EBITDA | 9.60B | 9.84B | 12.35B | 13.01B | 10.38B | 9.30B |
| Net Income | 3.78B | 4.28B | 6.16B | 6.83B | 5.14B | 5.22B |
Balance Sheet | ||||||
| Total Assets | 0.00 | 83.24B | 76.95B | 69.88B | 65.37B | 47.87B |
| Cash, Cash Equivalents and Short-Term Investments | 16.68B | 17.16B | 14.68B | 10.59B | 8.91B | 13.00B |
| Total Debt | 0.00 | 4.31B | 5.13B | 7.88B | 12.18B | 5.73B |
| Total Liabilities | -61.63B | 21.61B | 19.34B | 24.47B | 30.83B | 16.74B |
| Stockholders Equity | 61.63B | 56.82B | 53.09B | 42.58B | 34.67B | 31.17B |
Cash Flow | ||||||
| Free Cash Flow | 3.73B | 7.30B | 6.86B | 6.41B | 4.86B | 5.70B |
| Operating Cash Flow | 4.37B | 8.28B | 7.90B | 7.26B | 5.54B | 6.34B |
| Investing Cash Flow | -416.00M | 258.00M | -1.45B | -5.33B | -10.33B | -3.82B |
| Financing Cash Flow | -2.97B | -5.24B | -582.00M | -2.66B | -1.09B | -5.45B |
Cyient Limited Technical Analysis
Positive
840.00
Price Trends
861.30
Positive
871.22
Positive
982.95
Negative
Market Momentum
-0.11
Negative
57.42
Neutral
43.52
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:CYIENT, the sentiment is Positive. The current price of 840 is below the 20-day moving average (MA) of 850.65, below the 50-day MA of 861.30, and below the 200-day MA of 982.95, indicating a neutral trend. The MACD of -0.11 indicates Negative momentum. The RSI at 57.42 is Neutral, neither overbought nor oversold. The STOCH value of 43.52 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:CYIENT.
Cyient Limited Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
73 Outperform | ₹6.42B | 15.11 | ― | 1.84% | 10.51% | 31.80% | |
69 Neutral | ₹379.74B | 28.95 | ― | 1.70% | 5.66% | 3.90% | |
68 Neutral | ₹341.39B | 63.29 | ― | 1.17% | 15.21% | -18.75% | |
65 Neutral | ₹93.37B | 25.67 | ― | 3.57% | 3.19% | -39.67% | |
62 Neutral | ₹167.67B | 28.98 | ― | 1.41% | 9.55% | -27.98% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
52 Neutral | ₹29.17B | 43.78 | ― | 1.83% | 68.15% | 66.19% |
* General Sector Average
IN:CYIENT
Cyient Limited
879.15
-278.06
-24.03%
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287.80
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-6.66%
IN:SASKEN
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2,003.65
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35.76%
IN:TATATECH
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868.20
214.54
32.82%
Cyient Limited Corporate Events
Cyient publishes Q1 FY27 results notice in newspapers, reinforces disclosure compliance
Jul 26, 2026
Cyient Limited has published newspaper advertisements in the Business Standard (all English editions) and Mana Telangana (Telugu) for its financial results for the quarter ended June 30, 2026. The results, approved by the board on July 23, 2026, w...
Cyient names Andrew Smith as new Chief Operating Officer
Jul 24, 2026
Cyient Limited has appointed Andrew Smith as its new Chief Operating Officer, effective 24 July 2026, following the decision of current COO Prabhakar Atla to step down for personal reasons. Smith, who has spent nine years at Cyient in senior roles...
Cyient posts Q1 FY27 earnings call recording for investors
Jul 24, 2026
Cyient Limited has notified stock exchanges that the audio recording of its earnings conference call for the first quarter of fiscal year 2027, held on 23 July 2026, has been made available on the company’s website. The disclosure underscore...
Cyient Issues Addendum Clarifying Details of ₹720 Crore Share Buyback
Jun 20, 2026
Cyient Limited has issued an addendum to its previously circulated Letter of Offer related to an ongoing share buyback, correcting clerical errors and updating certain disclosures. The buyback targets up to 6.4 million fully paid equity shares, re...
Cyient launches Rs 720 crore share buyback via tender offer
Jun 19, 2026
Cyient Limited has launched a buyback of up to 6.4 million fully paid equity shares, representing about 5.76% of its standalone paid-up equity capital, via a tender offer at Rs 1,125 per share for a total consideration of up to Rs 720 crore. The o...
Cyient convenes virtual 35th AGM, issues FY 2025-26 annual reports
Jun 9, 2026
Cyient Limited has released its Annual Report, including the Business Responsibility and Sustainability Report, and issued the notice for its 35th Annual General Meeting for FY 2025-26. The documents are being distributed electronically to shareho...
Cyient Files Assured Business Responsibility and Sustainability Report for FY 2025-26
Jun 9, 2026
Cyient Limited has submitted its Business Responsibility and Sustainability Report for the 2025-26 financial year to Indian stock exchanges, in compliance with SEBI’s disclosure regulations. The report is accompanied by a reasonable assuranc...
Cyient Publishes Conference Call Transcript on TAO Digital Acquisition
Jun 8, 2026
Cyient Limited has released the transcript of a conference call held on 1 June 2026 regarding its acquisition of TAO Digital, indicating the strategic importance of this deal to management and investors. The call featured senior leadership, includ...
Cyient shares investor presentation on TAO Digital acquisition
Jun 1, 2026
Cyient Limited has notified stock exchanges that it has released an investor presentation in connection with an upcoming investor conference call. The materials, which relate to the acquisition of TAO Digital, are being made available to participa...
Cyient Publishes Semiconductor Strategy Conference Call Recording for Investors
May 26, 2026
Cyient Limited has notified the stock exchanges that the recording of its conference call on the “Semiconductor Strategic Financing Transaction and Growth Roadmap” held on 26 May 2026 is now available on the company’s website. By...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.