Cyient Limited (IN:CYIENT)
:CYIENT
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Cyient Limited
(CYIENT)
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Rating:64Neutral
Price Target:
₹846.00
▼(-26.69% Downside)
Action:DowngradedDate:03/24/26
The score is anchored by strong financial performance (growth, balance sheet strength, and cash generation), but is materially reduced by weak technical momentum (price below key moving averages with bearish MACD and very low RSI/Stoch). Valuation is mixed, with a supportive dividend yield but a relatively high P/E.
Positive Factors
Cash generation
Strong cash conversion and positive free cash flow growth support durable reinvestment in delivery capability, fund working capital for multi-year programs, and provide flexibility for shareholder returns or opportunistic M&A without relying on higher leverage.
Negative Factors
Declining return on equity
A material ROE decline signals either slower profit growth or less efficient capital deployment; if sustained it can reduce shareholder wealth creation and limit management's ability to fund growth initiatives internally without changing capital strategy.
Read all positive and negative factors
Positive Factors
Negative Factors
Cash generation
Strong cash conversion and positive free cash flow growth support durable reinvestment in delivery capability, fund working capital for multi-year programs, and provide flexibility for shareholder returns or opportunistic M&A without relying on higher leverage.
Read all positive factors
Cyient Limited (CYIENT) vs. iShares MSCI India ETF (INDA)
Market Cap
₹90.67B
Dividend Yield2.62%
Average Volume (3M)28.76K
Price to Earnings (P/E)33.6
Beta (1Y)1.44
Revenue Growth1.68%
EPS Growth-12.95%
CountryIN
Employees12,733
SectorTechnology
Sector Strength88
IndustryConglomerates
Share Statistics
EPS (TTM)11.00
Shares Outstanding111,124,010
10 Day Avg. Volume49,740
30 Day Avg. Volume28,762
Financial Highlights & Ratios
PEG Ratio-2.20
Price to Book (P/B)2.58
Price to Sales (P/S)1.86
P/FCF Ratio19.97
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
₹1,200.00Price Target Upside3.99% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)51.96
Revenue Forecast (FY)₹74.12B
Cyient Limited Business Overview & Revenue Model
Company Description
Cyient Limited provides geospatial, engineering design, information technology (IT) solutions, and data analytic services in North America, Europe, and the Asia Pacific. The company operates through segments, Services and Design Led Manufacturing....
How the Company Makes Money
Cyient primarily makes money by delivering services to enterprise and government customers under business-to-business contracts, with revenue largely earned from engineering and technology services engagements. Key revenue streams include: (1) Eng...
Cyient Limited Financial Statement Overview
Summary
Income Statement
85
Very Positive
Balance Sheet
78
Positive
Cash Flow
82
Very Positive
| Breakdown | TTM | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 73.28B | 73.60B | 71.47B | 60.16B | 45.34B | 41.32B |
| Gross Profit | 23.42B | 14.88B | 24.24B | 14.21B | 18.82B | 16.35B |
| EBITDA | 11.51B | 11.43B | 13.00B | 10.23B | 9.25B | 7.14B |
| Net Income | 5.74B | 6.16B | 6.83B | 5.14B | 5.22B | 3.64B |
Balance Sheet | ||||||
| Total Assets | 79.22B | 76.95B | 70.04B | 65.48B | 47.87B | 44.93B |
| Cash, Cash Equivalents and Short-Term Investments | 15.93B | 14.68B | 10.59B | 7.91B | 13.00B | 14.38B |
| Total Debt | 4.36B | 5.13B | 7.88B | 12.18B | 5.73B | 5.77B |
| Total Liabilities | 18.89B | 19.34B | 24.47B | 30.85B | 16.74B | 15.39B |
| Stockholders Equity | 55.64B | 53.09B | 42.58B | 34.67B | 31.17B | 29.57B |
Cash Flow | ||||||
| Free Cash Flow | 3.73B | 6.86B | 6.41B | 4.86B | 5.70B | 7.57B |
| Operating Cash Flow | 4.37B | 7.90B | 7.26B | 5.54B | 6.34B | 8.56B |
| Investing Cash Flow | -416.00M | -1.45B | -5.33B | -10.33B | -3.82B | -1.01B |
| Financing Cash Flow | -2.97B | -582.00M | -2.66B | -1.09B | -5.45B | -2.11B |
Cyient Limited Technical Analysis
Negative
1153.95
Price Trends
1001.52
Negative
1072.44
Negative
1142.81
Negative
Market Momentum
-53.24
Positive
31.04
Neutral
13.98
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:CYIENT, the sentiment is Negative. The current price of 1153.95 is above the 20-day moving average (MA) of 870.59, above the 50-day MA of 1001.52, and above the 200-day MA of 1142.81, indicating a bearish trend. The MACD of -53.24 indicates Positive momentum. The RSI at 31.04 is Neutral, neither overbought nor oversold. The STOCH value of 13.98 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:CYIENT.
Cyient Limited Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
68 Neutral | ₹161.72B | 18.08 | ― | 2.09% | 1.03% | -17.68% | |
65 Neutral | ₹149.69B | 53.68 | ― | 0.47% | 4.51% | -57.87% | |
64 Neutral | ₹90.67B | 33.59 | ― | 2.62% | 1.68% | -12.95% | |
64 Neutral | ₹28.12B | 17.92 | ― | 9.28% | -48.50% | 92.06% | |
62 Neutral | ₹124.64B | -173.04 | ― | 0.29% | -1.31% | 3.61% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
60 Neutral | ₹138.12B | 175.19 | ― | ― | ― | ― |
* Technology Sector Average
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Cyient Limited Corporate Events
Cyient to Reopen Trading Window for Company Securities on 6 March
Mar 5, 2026
Cyient Limited has notified the stock exchanges that its trading window for dealing in the company’s securities, which had been closed since 26 February 2026, will reopen from 6 March 2026. The move signals the end of a restricted trading pe...
Cyient Reshapes Leadership Team to Drive Next Phase of Growth
Mar 4, 2026
Cyient has announced significant leadership changes as part of its plan to advance a performance-driven operating model and support its next phase of growth. Effective April 1, 2026, long-time executive and current Chief Financial Officer Prabhaka...
Cyient Recasts Leadership, Names New CFO and Elevates CFO to COO
Mar 3, 2026
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 b...
Cyient Reshapes Top Finance and Operations Roles Ahead of FY 2026 Close
Mar 3, 2026
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 ...
Cyient Reshapes Top Management With New CFO and COO Appointments
Mar 3, 2026
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 efficienc...
Cyient Sets Up Delaware Subsidiary to Bolster U.S. Aerospace-Defense Presence
Feb 23, 2026
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 corp...
Cyient Corrects Investor Conference Date and Confirms CFO Participation
Feb 20, 2026
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 ...
Cyient Publishes Transcript of Q3 FY26 Earnings Call
Jan 29, 2026
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 stak...
Cyient Publishes Q3 and Nine-Month FY2026 Financial Results in Newspapers
Jan 24, 2026
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...
Cyient Publishes Q3 FY26 Earnings Call Recording for Investors
Jan 23, 2026
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...
Cyient Sets 22 January Earnings Call for Q3 FY26 Results
Jan 19, 2026
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, Execu...
Cyient Allots 12,442 Equity Shares on Exercise of Employee Stock Options
Jan 8, 2026
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...
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.