Cyient DLM Limited (IN:CYIENTDLM)
:CYIENTDLM
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Cyient DLM Limited
(CYIENTDLM)
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Rating:57Neutral
Price Target:
₹435.00
▲(9.54% Upside)
Action:Reiterated
Date:04/23/26
The score is primarily held back by weak and volatile cash conversion and a FY2026 revenue/margin reset despite improved leverage and ongoing profitability. Technically, the trend is strong but momentum indicators are overbought, while valuation looks relatively expensive on P/E with no dividend yield support provided.
Positive Factors
Design-led EMS in regulated, high-reliability sectors
Serving regulated, high-reliability end markets (aerospace, defense, medical) creates durable demand, long product lifecycles and higher barriers to entry. This supports multi-year programs, repeatable revenue streams and pricing power versus commodity EMS players.
Negative Factors
Weak and volatile free cash flow
Very low and highly volatile free cash flow signals working-capital stress or lumpy investments. Weak cash conversion limits self-funding of growth, raises reliance on external financing for capex or working capital, and increases execution risk for multi-year programs.
Read all positive and negative factors
Positive Factors
Negative Factors
Design-led EMS in regulated, high-reliability sectors
Serving regulated, high-reliability end markets (aerospace, defense, medical) creates durable demand, long product lifecycles and higher barriers to entry. This supports multi-year programs, repeatable revenue streams and pricing power versus commodity EMS players.
Read all positive factors
Cyient DLM Limited (CYIENTDLM) vs. iShares MSCI India ETF (INDA)
Market Cap
₹33.13B
Dividend YieldN/A
Average Volume (3M)27.32K
Price to Earnings (P/E)24.1
Beta (1Y)1.10
Revenue Growth-16.99%
EPS Growth7.60%
CountryIN
Employees722
SectorTechnology
Sector Strength88
IndustryHardware, Equipment & Parts
Share Statistics
EPS (TTM)10.29
Shares Outstanding79,364,395
10 Day Avg. Volume49,558
30 Day Avg. Volume27,323
Financial Highlights & Ratios
PEG Ratio3.89
Price to Book (P/B)2.14
Price to Sales (P/S)1.71
P/FCF Ratio222.37
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
₹400.00Price Target Upside0.73% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)12.01
Revenue Forecast (FY)₹15.73B
Cyient DLM Limited Business Overview & Revenue Model
Company Description
Cyient DLM Limited provides electronic manufacturing solutions in India and internationally. The company offers integrated manufacturing, electronics manufacturing, mechanical manufacturing, additive manufacturing, and value-added services. It als...
How the Company Makes Money
Cyient DLM makes money primarily by delivering design-led manufacturing and lifecycle services for electronic and electromechanical products. Its core revenue model is business-to-business, project/program-based and order-driven, where customers o...
Cyient DLM Limited Financial Statement Overview
Summary
Income Statement
62
Positive
Balance Sheet
74
Positive
Cash Flow
38
Negative
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 14.61B | 12.61B | 15.20B | 11.92B | 8.32B | 7.21B |
| Gross Profit | 4.42B | 2.40B | 1.71B | 2.66B | 1.87B | 1.77B |
| EBITDA | 1.79B | 1.27B | 1.63B | 1.39B | 922.34M | 919.91M |
| Net Income | 816.34M | 732.82M | 680.76M | 611.96M | 317.27M | 397.95M |
Balance Sheet | ||||||
| Total Assets | 16.80B | 16.42B | 16.94B | 16.03B | 11.05B | 7.77B |
| Cash, Cash Equivalents and Short-Term Investments | 3.09B | 1.46B | 2.82B | 4.58B | 773.41M | 768.59M |
| Total Debt | 2.11B | 1.72B | 3.01B | 1.92B | 3.56B | 3.37B |
| Total Liabilities | 6.94B | 6.30B | 7.44B | 6.94B | 9.07B | 7.00B |
| Stockholders Equity | 9.86B | 10.12B | 9.49B | 9.09B | 1.98B | 771.12M |
Cash Flow | ||||||
| Free Cash Flow | 1.07B | 97.22M | -2.28B | -1.04B | 445.03M | 401.23M |
| Operating Cash Flow | 1.40B | 543.85M | -623.94M | -705.41M | 521.05M | 485.37M |
| Investing Cash Flow | -2.35M | 1.40B | 1.27B | -4.28B | -1.42B | -324.14M |
| Financing Cash Flow | -1.14B | -1.64B | -587.28M | 4.79B | 721.78M | 460.67M |
Cyient DLM Limited Technical Analysis
Positive
397.10
Price Trends
343.19
Positive
359.97
Positive
401.49
Positive
Market Momentum
22.13
Positive
68.03
Neutral
54.27
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:CYIENTDLM, the sentiment is Positive. The current price of 397.1 is below the 20-day moving average (MA) of 404.19, above the 50-day MA of 343.19, and below the 200-day MA of 401.49, indicating a bullish trend. The MACD of 22.13 indicates Positive momentum. The RSI at 68.03 is Neutral, neither overbought nor oversold. The STOCH value of 54.27 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:CYIENTDLM.
Cyient DLM Limited Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
73 Outperform | ₹186.88B | 46.54 | ― | 0.20% | 27.28% | 76.63% | |
72 Outperform | ₹43.64B | 32.89 | ― | 0.58% | 19.90% | -8.49% | |
64 Neutral | ₹42.89B | -13.94 | ― | 0.25% | 6.93% | -2481.56% | |
64 Neutral | ₹20.22B | 29.12 | ― | 1.34% | 8.19% | -1.00% | |
62 Neutral | ₹88.29B | 54.75 | ― | ― | 45.99% | 76.41% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
57 Neutral | ₹33.13B | 24.05 | ― | ― | -16.99% | 7.60% |
* Technology Sector Average
IN:CYIENTDLM
Cyient DLM Limited
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-12.36%
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Cyient DLM Limited Corporate Events
Cyient DLM Posts Q4 and Full-Year Earnings Call Recording for Investors
Apr 22, 2026
Cyient DLM Limited has notified the stock exchanges that it has uploaded the recording of its earnings conference call discussing the financial results for the fourth quarter and full year ended 21 April 2026. The call recording, made available vi...
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.