Table of Contents

Cyient Ltd

Updated on February 16, 2019

Stock/Share Code - CYIENT

Cyient's range of services include digitisation of drawings and maps, photogrammetry, computer aided design/engineering (CAD/CAE), design and modelling, repair development engineering, reverse engineering application software development, software products development, consulting, analytics and implementation. Cyient specialises in software services and solutions for the manufacturing, utilities, telecommunications, transportation & logistics, local government and financial services markets.

Below is the details of CYIENT Cyient Ltd

Market Cap	₹6,576 Cr.
Current Price	₹604.1 as on 22 Feb 19
52 Week High / Low Price	₹887 / ₹571.1
Face Value	₹5
Stock P/E	16.27
Book Value	₹196.84
Dividend Yield	2.23 %
ROCE	26.18 %
ROE	19.98 %
Sales Growth (3yrs)	3.62 %
Sector	IT - Software
Industry	Computers - Software - Medium / Small
Listed on	BSE AND NSE
Company Website	Company Website

Pros: Company is virtually debt free. Company has been maintaining a healthy dividend payout of 40.01%

Cons: The company has delivered a poor growth of 6.48% over past five years. Promoter holding is low: 22.10%

Cyient Ltd Price Chart

Cyient Ltd Peer Comparison in IT - Software

S.No.	Name	CMP Rs.	P/E	Mar Cap Rs.Cr.	Div Yld %	NP Qtr Rs.Cr.	Qtr Profit Var %	Qtr Sales Var %	Sales Qtr Rs.Cr.	ROCE %
1.	L & T Infotech	₹126.5	21.83	₹31,135.92 Cr.	1.19	₹375.5 Cr.	32.83	31.27	2472.90	39.50
2.	Mindtree	₹902.75	20.43	₹15,075.67 Cr.	1.20	₹191.2 Cr.	35.12	29.72	1787.20	26.55
3.	L&T Technology	₹126.5	21.75	₹15,938.48 Cr.	1.03	₹185.6 Cr.	46.95	35.89	1316.90	37.86
4.	Hexaware Tech.	₹358.05	18.37	₹10,556.56 Cr.	1.12	₹123.44 Cr.	2.04	24.64	1252.42	34.25
5.	Cyient		15.65	₹6,576.37 Cr.	2.23	₹92.3 Cr.	1.74	20.79	1187.70	22.87
6.	Brightcom Group	₹2.9	0.33	₹135.73 Cr.	0.00	₹84.03 Cr.	8.65	6.53	473.91	22.46
7.	Cyient		16.27	₹6,576.37 Cr.	2.23	₹73.7 Cr.	-45.76	9.40	413.00	26.18
8.	NIIT Tech.	₹81.55	21.31	₹8,182.01 Cr.	1.13	₹100.2 Cr.	32.54	28.45	971.70	23.58

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Cyient Ltd Fundamentals

Quarterly Results

Quarterly reports are issued by companies every three months. Most companies have a financial year-end of Mar. 31 and quarters that end on June 30, Sept. 30, Dec. 31 and March 31.

Standalone Figures in Rs. Crores

	Mar 2016	Jun 2016	Sep 2016	Dec 2016	Mar 2017	Jun 2017	Sep 2017	Dec 2017	Mar 2018	Jun 2018	Sep 2018	Dec 2018
Sales	284	305	329	330	328	331	353	378	378	384	408	413
YOY Sales Growth %	-13.34%	-10.8%	2.22%	10.73%	15.55%	8.55%	7.33%	14.46%	15.16%	15.89%	15.59%	9.4%
Expenses	247	256	257	246	252	260	265	273	267	291	307	294
Employee Cost %	51.99%	52.7%	51.51%	49.39%	48.43%	49.92%	48.21%	45.19%	44.89%	47.62%	46.62%	46.08%
Operating Profit	37	49	72	83	76	71	88	105	111	93	101	119
OPM %	13%	16%	22%	25%	23%	21%	25%	28%	29%	24%	25%	29%
Other Income	11	15	18	24	4	37	40	93	32	23	102	-17
Interest	0	0	0	0	0	0	0	0	0	0	0	0
Depreciation	23	14	14	14	12	13	12	13	12	13	12	12
Profit before tax	26	50	76	93	68	95	115	184	131	102	190	89
Tax %	2%	17%	17%	23%	12%	24%	26%	22%	24%	22%	20%	17%
Net Profit	25	41	63	72	60	73	85	144	100	79	152	74
	Notes	Notes	Notes	Notes	Notes	Notes	Notes	Notes	Notes	Notes	Notes	Notes

Profit & Loss

The profit and loss (P&L) statement is a financial statement that summarizes the revenues, costs and expenses incurred during a specified period, usually a fiscal quarter or year. The P&L statement is synonymous with the income statement. These records provide information about a company's ability or inability to generate profit" by increasing revenue, reducing costs or both. Some refer to the P&L statement as a statement of profit and loss, income statement, statement of operations, statement of financial results or income, earnings statement or expense statement.

Standalone Figures in Rs. Crores

	Mar 2007	Mar 2008	Mar 2009	Mar 2010	Mar 2011	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	TTM
Sales	345	435	567	562	648	864	1,052	1,224	1,294	1,246	1,292	1,440	1,583
Sales Growth %	61.27%	26.28%	30.19%	-0.84%	15.28%	33.37%	21.74%	16.45%	5.68%	-3.74%	3.73%	11.43%	%
Expenses	256	346	488	411	511	653	769	880	992	995	1,012	1,065	1,160
Manufacturing Cost %	7.25%	7.61%	6.28%	6.48%	0%	0%	0%	0%	0%	0%	8.85%	8.2%	%
Employee Cost %	42.44%	48.47%	48.1%	49.6%	51.27%	49.09%	47.5%	46.68%	49.76%	50.55%	50.46%	46.94%	%
Other Cost %	24.63%	23.34%	31.82%	17.15%	27.57%	26.48%	25.65%	25.2%	26.87%	29.36%	19.01%	18.82%	%
Operating Profit	88	90	78	150	137	211	282	344	302	250	280	375	423
OPM %	26%	21%	14%	27%	21%	24%	27%	28%	23%	20%	22%	26%	27%
Other Income	10	20	34	46	32	54	36	52	103	106	62	203	140
Interest	0	3	4	0	0	1	0	0	1	0	1	1	1
Depreciation	22	34	43	41	38	41	56	65	62	68	54	51	50
Profit before tax	76	72	66	155	131	223	261	332	343	288	287	526	512
Tax %	15%	19%	-7%	18%	10%	29%	29%	23%	21%	19%	17%	24%
Net Profit	65	59	71	127	118	159	184	255	271	234	237	402	404
EPS in Rs	6.95	5.48	6.29	11.25	10.39	13.83	15.77	22.53	22.60	20.77	21.04	35.68
Dividend Payout %	8%	11%	12%	9%	12%	18%	27%	22%	33%	34%	50%	36%

Compounded Sales Growth

10 Years:: 12.71%
5 Years:: 6.48%
3 Years:: 3.62%
TTM:: 13.88%

Compounded Profit Growth

10 Years:: 20.96%
5 Years:: 16.18%
3 Years:: 13.27%
TTM:: 11.69%

Return on Equity

10 Years:: 16.60%
5 Years:: 17.35%
3 Years:: 16.47%
TTM:: 19.98%

Balance Sheet

A balance sheet is a financial statement that reports a company's assets, liabilities and shareholders' equity at a specific point in time, and provides a basis for computing rates of return and evaluating its capital structure. It is a financial statement that provides a snapshot of what a company owns and owes, as well as the amount invested by shareholders. It is used alongside other important financial statements such as the income statement and statement of cash flows in conducting fundamental analysis or calculating financial ratios.

Standalone Figures in Rs. Crores

	Mar 2007	Mar 2008	Mar 2009	Mar 2010	Mar 2011	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Sep 2018
Share Capital	23	124	28	28	56	56	56	56	56	56	56	56	56
Preference Capital	0	98.06	0	0	0	0	0	0	0	0	0	0
Equity Capital	23.08	26.07	27.61	27.75	55.64	55.71	55.8	55.98	56.18	56.2	56.3	56.3
Reserves	250	502	662	776	852	979	1,111	1,330	1,524	1,621	1,826	2,005	2,169
Borrowings	15	38	19	0	0	0	0	0	0	0	0	0	0
Other Liabilities	63	178	198	173	115	162	217	236	260	244	281	340	362
Trade Payables	29.99	32.36	52.36	45.83	40.7	58.41	82.48	100.35	85.05	119	132.1	193.3	149.1
Total Liabilities	351	744	907	977	1,023	1,197	1,384	1,622	1,841	1,922	2,163	2,401	2,587
Fixed Assets	85	187	209	199	270	288	312	313	309	272	256	254	296
Gross Block	203.5	339.25	395.81	423.14	270.24	287.8	311.84	312.93	308.61	271.6	255.6	254.4
Accumulated Depreciation	118.35	152.52	186.64	223.69	0	0	0	0	0	0	0	0
CWIP	29	31	58	60	6	17	23	4	3	1	16	46	25
Investments	67	269	103	276	179	167	206	185	480	538	553	577	594
Other Assets	170	257	537	440	568	725	844	1,121	1,049	1,112	1,338	1,523	1,672
Trade receivables	90.23	126.16	154.05	113.11	142.46	181.3	180.26	266.45	298.39	280.2	295	415.1	509.4
Cash Equivalents	45.58	87.53	272.91	186.05	293.86	390.83	424.81	580.79	442.46	495.6	653.9	726.6	747.4
Loans n Advances	34.53	43.55	109.83	141.2	63.79	81.58	141.99	167.71	198.04	180.3	229.1	259.8	90.5
Total Assets	351	744	907	977	1,023	1,197	1,384	1,622	1,841	1,922	2,163	2,401	2,587

Cash Flows

Cash flow is the net amount of cash and cash-equivalents being transferred into and out of a business. At the most fundamental level, a company’s ability to create value for shareholders is determined by its ability to generate positive cash flows, or more specifically, maximize long-term free cash flow.

Standalone Figures in Rs. Crores

	Mar 2007	Mar 2008	Mar 2009	Mar 2010	Mar 2011	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018
Cash from Operating Activity	67	53	110	131	57	112	123	144	216	258	236	240
Profit from operations	92.96	95.53	78.97	179.47	145.73	181.58	122.67	0	0	0	0	0
Working Capital Changes	-9.39	-29.69	48.71	-29.96	-60.11	-22.46	0	0	0	0	0	0
Taxes paid	-15.39	-13.07	-20.55	-20.13	-28.87	-47.57	0	144	216.35	257.7	235.7	239.9
Cash from Investing Activity	-64	-326	102	-327	60	15	-48	59	-283	-46	-2	18
Fixed Assets Purchased	-69.94	-138.43	-92.96	-33.04	-54	-72.17	0	0	0	0	0	0
Fixed Assets Sold	0.12	0.64	0.46	0.48	0.06	0.5	0	0	0	0	0	0
Investments purchased	-6.7	-203.1	-2.61	-150.31	-186.88	-77.75	0	0	0	0	0	0
Investments sold	6.75	13.41	204.93	0	303.83	90.61	0	0	0	0	0	0
Cash from Financing Activity	15	315	-28	-26	-11	-31	-39	-47	-72	-160	-74	-189
Proceeds from Shares	3.42	302.48	3.16	2.8	2.41	1.7	0	0	0	0	0	0
Proceeds from Borrowings	15	24.88	8.66	0	0	50.03	0	0	0	0	0	0
Repayment of Borrowings	-0.06	-2	-28.06	-18.81	0	-50.03	0	0	0	0	0	0
Interest Paid	-0.36	-2.87	-3.51	-0.47	-0.08	-0.56	0	0	0	0	0	0
Dividends Paid	-3.9	-7.17	-7.76	-9.72	-11.18	-27.88	0	0	0	0	0	0
Net Cash Flow	18	42	184	-222	106	95	35	156	-139	52	160	68

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Ratios

	Mar 2007	Mar 2008	Mar 2009	Mar 2010	Mar 2011	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018
ROCE %	31%	16%	10%	21%	15%	23%	24%	26%	23%	18%	17%	26%
Debtor Days	96	106	99	73	80	77	63	79	84	82	83	105
Inventory Turnover

Announcements & News

Recent Announcements

Loss of Share Certificate / Issue of Duplicate Share Certificate | Feb. 7, 2019
Submission Of Buyback Resolution | Feb. 5, 2019
Announcement under Regulation 30 (LODR)-Public Announcement-Buyback of Shares | Feb. 5, 2019
Outcome of Board Meeting | Feb. 1, 2019
Board Meeting Intimation for Board Meeting To Consider Buyback | Jan. 29, 2019

Credit Ratings

Annual Reports

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Disclaimer:
All efforts have been made to ensure the information provided here is accurate as per time to time filling by company to exchanges. However, no guarantees are made regarding correctness of data. Investors are advised to validate/check information with exchanges or companies website before making any investment decisions.

Shepard Technologies Pvt. Ltd : A -204, Technocity, Plot No X-4/1 & X-4/2, TTC, MIDC, Mahape, Navi Mumbai - 400710

AMFI Registration No. 112358 | CIN: U74999MH2016PTC282153

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