CYIENT
Cyient Limited
Engineering and technology services for aerospace, defence and other industries
Information Technology›Information Technology›IT - Services›IT Enabled Services
cyient.com(opens the company website in a new tab)Key metrics
Price as of 2026-10-16
Stock price
₹1194.50
Market cap
12,511 Cr
Stock P/E
35.1
P/B
2.34
Dividend yield
2.6%
ROE (FY26)
6.9%
ROCE (FY26)
11.1%
Operating margin (FY26)
8.7%
Debt / equity (FY26)
0.03
OCF / EBITDA (FY26)
86.5%
OCF / EBITDA (3Y)
68.6%
Full years shown; sign in free for the trailing twelve months. Learn about these metrics →
Price & valuation
Share price and valuation multiples (P/E, P/B and more) over time.
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Compare with peers
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What you need to know
Cyient sells engineering, technology and design-led manufacturing services to global customers in sectors such as aerospace, transportation, energy, utilities and communications, and is building a semiconductor business alongside.
Company snapshot
10thBy market cap
Ranked among 56 companies in IT Enabled Services.
Segment mix
Reportable segments as of 2024-12-31 (Consolidated). Revenue share = segment revenue ÷ total revenue.
Largest segment: 76.8% of revenue
| Segment | Revenue share | Revenue | PBT | Assets |
|---|---|---|---|---|
| Design Led Manufacturing (DLM) | 23.1% | 444 Cr | 19 Cr | 1,702 Cr |
| Digital, Engineering & Technology (DET) | 76.8% | 1,480 Cr | 205 Cr | 3,999 Cr |
| Others | 0.5% | 9 Cr | -3 Cr | 62 Cr |
What we see
Positives
- ✓Debt-to-equity of 0.03x — the company is largely funded by its own money, not borrowed funds.
2 more signals from the filings.Sign in free to see them all
Statement tables · Consolidated
Switches quarterly, P&L, balance sheet, and cash flow. Key metrics and ratios stay on consolidated when available.
Amounts in ₹ Cr · tap + to expand rows
Quarterly results
Quarterly · ₹ Cr · tap + rows to expand
| Metric | Sept 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sept 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sept 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 1,779 Cr | 1,821 Cr | 1,861 Cr | 1,676 Cr | 1,849 Cr | 1,926 Cr | 1,909 Cr | 1,712 Cr | 1,781 Cr | 1,849 Cr | 1,927 Cr | 2,076 Cr |
| Operating expenses (approx.) | 1,453 Cr | 1,495 Cr | 1,526 Cr | 1,411 Cr | 1,552 Cr | 1,648 Cr | 1,607 Cr | 1,481 Cr | 1,562 Cr | 1,611 Cr | 1,703 Cr | 1,812 Cr |
| EBITDA | 326 Cr | 326 Cr | 335 Cr | 265 Cr | 297 Cr | 279 Cr | 303 Cr | 231 Cr | 219 Cr | 237 Cr | 224 Cr | 264 Cr |
| OPM % | 18.3% | 17.9% | 18.0% | 15.8% | 16.0% | 14.5% | 15.9% | 13.5% | 12.3% | 12.8% | 11.6% | 12.7% |
| Other income | 14 Cr | 19 Cr | 23 Cr | 21 Cr | 51 Cr | -17 Cr | 41 Cr | 70 Cr | 50 Cr | 31 Cr | 27 Cr | 7 Cr |
| Interest | 27 Cr | 29 Cr | 32 Cr | 26 Cr | 28 Cr | 21 Cr | 19 Cr | 16 Cr | 16 Cr | 14 Cr | 15 Cr | 22 Cr |
| Depreciation | 66 Cr | 66 Cr | 67 Cr | 66 Cr | 66 Cr | 68 Cr | 68 Cr | 68 Cr | 72 Cr | 70 Cr | 68 Cr | 77 Cr |
| Profit before tax | 240 Cr | 200 Cr | 259 Cr | 195 Cr | 254 Cr | 174 Cr | 253 Cr | 214 Cr | 197 Cr | 139 Cr | 95 Cr | 171 Cr |
| Tax % | 23.6% | 23.3% | 24.0% | 24.2% | 26.6% | 26.4% | 26.2% | 26.3% | 27.3% | 30.2% | 31.1% | 36.5% |
| Net profit | 184 Cr | 153 Cr | 197 Cr | 148 Cr | 187 Cr | 128 Cr | 186 Cr | 157 Cr | 143 Cr | 97 Cr | 66 Cr | 109 Cr |
| EPS (₹) | ₹16.27 | ₹13.41 | ₹17.22 | ₹13.09 | ₹16.28 | ₹11.11 | ₹15.47 | ₹13.95 | ₹11.55 | ₹8.32 | ₹4.96 | ₹9.42 |
Profit & loss (annual)
Annual · last column is TTM · ₹ Cr · tap + to expand
| Metric | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 3,607 Cr | 3,918 Cr | 4,618 Cr | 4,427 Cr | 4,132 Cr | 4,534 Cr | 6,016 Cr | 7,147 Cr | 7,360 Cr | 7,268 Cr | Sign in free for the trailing twelve months |
| Operating expenses (approx.) | 3,129 Cr | 3,382 Cr | 3,985 Cr | 3,878 Cr | 3,557 Cr | 3,717 Cr | 5,013 Cr | 5,844 Cr | 6,217 Cr | 6,358 Cr | Sign in free for the trailing twelve months |
| EBITDA | 477 Cr | 535 Cr | 633 Cr | 549 Cr | 575 Cr | 818 Cr | 1,003 Cr | 1,303 Cr | 1,143 Cr | 910 Cr | Sign in free for the trailing twelve months |
| OPM % | 13.2% | 13.7% | 13.7% | 12.4% | 13.9% | 18.0% | 16.7% | 18.2% | 15.5% | 12.5% | Sign in free for the trailing twelve months |
| Other income | 93 Cr | 152 Cr | 134 Cr | 158 Cr | 140 Cr | 112 Cr | 81 Cr | 66 Cr | 97 Cr | 177 Cr | Sign in free for the trailing twelve months |
| Interest | 17 Cr | 20 Cr | 33 Cr | 49 Cr | 43 Cr | 39 Cr | 100 Cr | 116 Cr | 93 Cr | 61 Cr | Sign in free for the trailing twelve months |
| Depreciation | 95 Cr | 105 Cr | 111 Cr | 188 Cr | 195 Cr | 192 Cr | 257 Cr | 267 Cr | 267 Cr | 278 Cr | Sign in free for the trailing twelve months |
| Profit before tax | 444 Cr | 541 Cr | 620 Cr | 468 Cr | 477 Cr | 698 Cr | 681 Cr | 918 Cr | 875 Cr | 645 Cr | Sign in free for the trailing twelve months |
| Tax % | 23.5% | 25.5% | 23.0% | 27.1% | 23.7% | 25.2% | 24.5% | 23.5% | 25.9% | 28.2% | Sign in free for the trailing twelve months |
| Net profit | 340 Cr | 403 Cr | 477 Cr | 341 Cr | 364 Cr | 522 Cr | 514 Cr | 703 Cr | 648 Cr | 463 Cr | Sign in free for the trailing twelve months |
| EPS (₹) | ₹30.55 | ₹36.00 | ₹42.43 | ₹31.14 | ₹33.08 | ₹47.75 | ₹47.03 | ₹62.24 | ₹55.95 | ₹38.78 | Sign in free for the trailing twelve months |
| Dividend payout % | — | — | — | — | 0.3% | 56.5% | 51.1% | 43.5% | 50.9% | 71.1% | Sign in free for the trailing twelve months |
Sign in free for the trailing twelve months
The latest four quarters added up, next to each full year
Balance sheet
Annual · ₹ Cr · tap + rows to expand
| Metric | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Equity capital | 56 Cr | 56 Cr | 55 Cr | 55 Cr | 55 Cr | 55 Cr | 55 Cr | 56 Cr | 56 Cr | 56 Cr |
| Reserves | 2,061 Cr | 2,288 Cr | 2,509 Cr | 2,506 Cr | 2,902 Cr | 3,061 Cr | 3,411 Cr | 4,203 Cr | 5,254 Cr | 5,626 Cr |
| Borrowings | 165 Cr | 241 Cr | 325 Cr | 374 Cr | 276 Cr | 326 Cr | 1,218 Cr | 453 Cr | 214 Cr | 166 Cr |
| Other liabilities | 851 Cr | 847 Cr | 1,002 Cr | 1,248 Cr | 1,263 Cr | 1,348 Cr | 1,867 Cr | 1,994 Cr | 1,720 Cr | 1,995 Cr |
| Total liabilities | 3,136 Cr | 3,433 Cr | 3,889 Cr | 4,180 Cr | 4,493 Cr | 4,787 Cr | 6,548 Cr | 7,004 Cr | 7,695 Cr | 8,324 Cr |
| Fixed assets (net) | 302 Cr | 322 Cr | 353 Cr | 691 Cr | 718 Cr | 679 Cr | 725 Cr | 773 Cr | 757 Cr | 720 Cr |
| CWIP | 9 Cr | 21 Cr | 30 Cr | 80 Cr | 11 Cr | 13 Cr | 3 Cr | 2 Cr | 8 Cr | 5 Cr |
| Investments | 196 Cr | 143 Cr | 55 Cr | 41 Cr | 34 Cr | 445 Cr | 518 Cr | 436 Cr | 502 Cr | 457 Cr |
| Loans & advances | — | — | 0 Cr | 0 Cr | 0 Cr | 0 Cr | 0 Cr | 0 Cr | 0 Cr | 133 Cr |
| Inventories | 94 Cr | 131 Cr | 183 Cr | 227 Cr | 159 Cr | 279 Cr | 436 Cr | 468 Cr | 577 Cr | 653 Cr |
| Trade receivables | 650 Cr | 691 Cr | 814 Cr | 726 Cr | 803 Cr | 733 Cr | 1,127 Cr | 1,262 Cr | 1,407 Cr | 1,306 Cr |
| Cash & bank | 857 Cr | 960 Cr | 907 Cr | 900 Cr | 1,441 Cr | 1,216 Cr | 622 Cr | 485 Cr | 1,071 Cr | 1,458 Cr |
| Other assets | 1,030 Cr | 1,164 Cr | 1,547 Cr | 1,515 Cr | 1,327 Cr | 1,422 Cr | 3,118 Cr | 3,579 Cr | 3,375 Cr | 3,594 Cr |
| Total assets | 3,136 Cr | 3,433 Cr | 3,889 Cr | 4,180 Cr | 4,493 Cr | 4,787 Cr | 6,548 Cr | 7,004 Cr | 7,695 Cr | 8,324 Cr |
Cash flows
Annual · ₹ Cr · tap + rows to expand · last column includes FCF
| Metric | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operating activity | 420 Cr | 296 Cr | 370 Cr | 582 Cr | 856 Cr | 1,061 Cr | 554 Cr | 726 Cr | 790 Cr | 787 Cr |
| Cash from investing | -180 Cr | -87 Cr | -220 Cr | -157 Cr | -101 Cr | -382 Cr | -1,033 Cr | -533 Cr | -145 Cr | 112 Cr |
| Cash from financing | -93 Cr | -136 Cr | -232 Cr | -446 Cr | -211 Cr | -541 Cr | -109 Cr | -266 Cr | -58 Cr | -569 Cr |
| Net cash flow | 146 Cr | 74 Cr | -82 Cr | -21 Cr | 541 Cr | 143 Cr | -562 Cr | -77 Cr | 598 Cr | 376 Cr |
| Free cash flow (OCF − Capex) | 312 Cr | 149 Cr | 219 Cr | 368 Cr | 757 Cr | 996 Cr | 486 Cr | 641 Cr | 686 Cr | 690 Cr |
Ratios
| Metric | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % | 20.2% | 21.7% | 22.6% | 17.6% | 16.1% | 21.4% | 16.7% | 20.6% | 16.2% | 11.1% |
| ROE % | 16.2% | 17.3% | 18.7% | 13.4% | 12.3% | 16.8% | 14.9% | 15.0% | 10.7% | 6.9% |
| Debtor days | 66 | 64 | 64 | 60 | 71 | 59 | 68 | 64 | 70 | 65 |
| Inventory days | 119 | 146 | 170 | 204 | 112 | 173 | 232 | 173 | 185 | 292 |
| Days payable | 501 | 424 | 343 | 335 | 319 | 326 | 380 | 254 | 126 | 240 |
| Cash conversion cycle | -316 | -214 | -110 | -71 | -137 | -94 | -80 | -17 | 128 | 117 |
| OCF / EBITDA % | 88.0% | 55.3% | 58.5% | 106.1% | 148.8% | 129.7% | 55.2% | 55.7% | 69.1% | 86.5% |
| OCF / EBITDA % (3 years) | — | — | 66.0% | 72.7% | 102.9% | 128.7% | 103.1% | 74.9% | 60.0% | 68.6% |
| Debt / equity | 0.08 | 0.10 | 0.13 | 0.15 | 0.09 | 0.10 | 0.35 | 0.11 | 0.04 | 0.03 |
| Current ratio | 2.50 | 2.72 | 2.61 | 2.21 | 2.57 | 2.30 | 1.58 | 2.15 | 3.00 | 2.93 |
| Net debt / EBITDA | -1.45 | -1.34 | -0.92 | -0.96 | -2.03 | -1.09 | 0.59 | -0.02 | -0.75 | -1.42 |