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Cyient Ltd Performance

Today's Low
1,965.00
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Today's High
2,015.00
52 Wk Low
1,064.00
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52 Wk High
2,458.95


Open

2014.95

Traded Value (Cr)

55.31 Cr

Prev. Close

2012.95

VWAP

1986.32

Volume

3,45,271

Face Value

5

Cyient Ltd Fundamentals

Market Cap
₹ 23,270 Cr
P/E Ratio (TTM)
32.41
P/B Ratio
5.76
Debt to Equity
0.26
ROE
16.49 %
EPS (TTM)
64.74
Dividend Yield
1.24%
Book Value
364.10

Click here to know more about Fundamentals

Cyient Ltd Financials

Cyient Ltd Financials

Cyient Ltd Shareholding Pattern

Held By Mar 2024 Dec 2023 Sep 2023 Jun 2023
FII 31.05 % 34.10 % 35.71 % 36.56 %
Promoters 23.16 % 23.20 % 23.20 % 23.35 %
Mutual Funds 22.76 % 20.39 % 19.78 % 20.36 %
Retail 12.19 % 12.32 % 12.11 % 11.47 %
Others 10.83 % 9.99 % 9.20 % 8.25 %

FII

31.05%

Promoters

23.16%

Mutual Funds

22.76%

Retail

12.19%

Others

10.83%

FII

34.10%

Promoters

23.20%

Mutual Funds

20.39%

Retail

12.32%

Others

9.99%

FII

35.71%

Promoters

23.20%

Mutual Funds

19.78%

Retail

12.11%

Others

9.20%

FII

36.56%

Promoters

23.35%

Mutual Funds

20.36%

Retail

11.47%

Others

8.25%

Resistance and Support

₹2,058.27

PIVOT

resistance-arrow
Resistance
First Resistance₹2,086.533
Second Resistance₹2,133.617
Third Resistance₹2,161.883
support-arrow
Support
First Resistance₹2,011.183
Second Resistance₹1,982.917
Third Resistance₹1,935.833
RSI53.137
MACD49.080
ADX12.073
CCI-64.189

Delivery and Volume

PeriodDelivery Volume Traded Volume Delivery Volume %
Day345,271176,09662.77
Week274,270207,76073.02
1 Month384,246251,98365.64
6 Months345,271220,64163.90

About Cyient Ltd

Cyient Limited (Formerly known as Infotech Enterprises Ltd) was incorporated in the year 1991. The Company is engaged in providing global technology services and solutions specialising in geospatial, engineering design, IT solutions and data analytics. Having its headquarters and development facilities in India, Company serves a global customer base through its subsidiaries in the United States of America (USA), United Kingdom (UK), Germany, Japan, Australia, Singapore and India. 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. Apart from these, it specializes in software services and solutions for the manufacturing, utilities, telecommunications, transportation & logistics, local government and financial services markets. In April 1997, the company acquired SRG Infotech, a software company which provided services in oracle and visual basic client server environments. In January 1999, the company entered into an agreement with Navionics Italy for digitization and Conversion services. In July 1999, they established a wholly owned subsidiary namely Infotech Software Solutions Inc in USA which is engaged in the business of supplying computer software and related services. In September 1999, they acquired Cartograpic Sciences Pvt Ltd, Mumbai from Analytical Surveys Inc, USA and in April 2000, Cartograpic Sciences merged with company. In May 2000, the company entered into a Master Services Agreement with Pratt & Whitney, a division of UTC group and in April 2001, the company acquired European GIS distributor Map Centric a leading independent GIS distributor in Europe. In September 2003, the company incorporated Infotech Aerospace Services Inc, a wholly owned subsidiary in Puerto Rico for providing engineering design services and also they signed a long term outsourcing contract with Bombarder Transportation for providing Engineering Services in India. They acquired VARGIS, a US based GIS Services Company through their wholly-owned subsidiary Infotech Software Solutions Inc, USA. In March 2005, the company acquired Tele Atlas India Pvt Ltd and also entered into a long-term service agreement with Tele Atlas NV. They opened their branch offices in Singapore and Australia to provide services to growing number of clients in Asia Pacific region. In May 2005, the company inaugurated Geospatial production facility at Frostburg, Maryland, USA in collaboration with Frostburg State University, Allegancy Country and state of Maryland, USA. They have also set up a new office at Rockford, Illinois, USA which shall cater to the needs of After Market Services in the engineering design space. In February 2007, the company set up a development center at Kakinada in Andhra Pradesh. During the year 2007-08, the company acquired 74% stake in Geospatial Integrated Solutions Pvt Ltd and they become a subsidiary of the company which was renamed as Infotech Geospatial (India) Ltd. Also, they established Infotech HAL Ltd, a 50:50 joint venture with Hindustan Aeronautics Ltd to focus on aeroengines, technical publications and anticipated work from various OEMs under offset programmes. The company has figured among the '200 Best under a Bullion' listed in the Forbes Asia. Also, the company was rated as one of the top 100 global outsourcing companies in the year 2007 by International Association of Outsourcing Professionals. In May 2008, the company bagged 3 year GIS/ Data Management contract from Powercor Australia & CitiPower Limited. The company set up a marketing and liaison office in Japan in August 2008 and inaugurated a new facility at NOIDA on September 22, 2008. In October 2008, the company acquired 100% stake in TTM India Pvt. Ltd and signed a new long term contract with Bombardier Transportation to provide engineering, electronic design, technical publications, and IT-related services to Bombardier Transportation divisions worldwide. In the same month, the company incorporated a wholly owned subsidiary namely Infotech Enterprises Engineering Services Pvt Ltd in Andhra Pradesh. During January 2010, the company acquired Daxcon Engineering Inc., USA and also acquired Wellso inc; USA in August 2010. During 2011, IGIL (Infotech Geospatial India Ltd) became a wholly-owned subsidiary of the company. During October 2012, the company set up branch in South Korea. In January 2013, the company inaugurated new development center in SEZ in Kakinada. The company also set up branch in Taiwan and South Africa in September and November respectively. In March 2014, the company announced the acquisition of Softential, Inc. Softential brings significant domain expertise, track record and referenceable customers for service management and service assurance solutions. This acquisition aligns well with our strategy of leveraging our network engineering capability to expand into the areas of operational support and managed services for the communications industry. On 7 May 2014, Cyient Limited, formerly known as Infotech Enterprises Limited, officially announced its new name based on approval from a shareholders' vote. The process of determining the new identity, bearing connotations to the words client and science, while ient referencing Infotech Enterprises, involved various brand specialists In July 2014, the company inaugurated the State-of-the-art Experience Center in Hyderabad, India. During September 2014, the company opened the Dallas Engineering Center and also strenghtened aerospace and defence capabilities. During 2015, the company opened delivery Centers in Taiwan to addresses mature semiconductor market.During the financial year ended 31 March 2015, the company changed its name from 'Infotech Enterprises Limited' to 'Cyient Limited'. This name change is part of the company's re-branding exercise. Over the course of Financial Year 14-15, Cyient undertook a comprehensive strategy development exercise with an objective to prepare ground for accelerated growth in the next 3 to 5 years. This aspiration is defined and articulated as the S3 Strategy (Services, Systems, and Solutions). S3 gives Cyient the opportunity to transition from pure services play to becoming a more deeply engaged systems and solutions partner. Cyient ended the FY 2015 with capital expenditure of Rs. 737 million, which is 2.7% of total revenue. It is the lowest ever capex spend as % of revenue which is driven by company's focus on an asset light model, implementation of lease and buyback strategy and robust internal capex control.Headquartered in Melbourne, Cyient Australia Pty Limited (CAPL) was incorporated during the year 2014-15. CAPL seeks to provide engineering, data and network operations services for Asia Pacific region. Cyient acquired a majority stake in Invati Insights Private Limited, a Hyderabad, India and Troy, Michigan, USA based datasciences company in October 2014. The company was subsequently renamed Cyient Insights Private Limited (CIPL). CIPL enables customers drive business innovation and deliver quantifiable business results through smart data analytics and actionable intelligence. CIPL leverages Cyient's relationships in different verticals such as Auto and Heavy Engineering, Aerospace, Transportation, and Utilities and its global delivery model in executing projects. Cyient acquired a majority stake in Rangsons Electronics Private Limited REPL in February 2015. Established in 1993 and headquartered in Mysore, Karnataka, REPL operates world class production facilities to support the requirements for Electronics Manufacturing Services (EMS) and System Integration requirements from customers globally. REPL is one of the fastest growing companies with customers in India, North America, Europe, Japan and China. REPL's strategic positioning in the Railways segment is further boosted with the receipt of IRIS certification, an international railway industry standard. Further, the NADCAP AC7120 accreditation demonstrates the company's commitment towards customer satisfaction and meeting stringent industry specifications on a global scale. Cyient's Aerospace and Defense business unit acquired Pratt and Whitney's aftermarket business Global Services Engineering Asia (GSEA) on September 1, 2015. Through this transaction, Cyient continues to build on its growth strategy for the Asia Pacific region, specifically in aftermarket services for the aerospace industry. In September 2015, Cyient SRO, Czech Republic was established to provide engineering and data services to customers across the European Union.Infotech Geospatial India Private Limited (IGIPL), a wholly owned subsidiary of Cyient, was merged with the company effective 1 April 2015 vide order of the High Court of Judicature at Hyderabad for the states of Telangana and Andhra Pradesh dated 2 March 2016. This is mainly to simplify the operations in India. Cyient disinvested its 100% stake in Infotech Enterprises Information Technology Services Private Limited (IEITSPL) on 16 September 2015. This was in line with the company's strategy to focus on engineering and network operations services. Cyient ended FY 2016 with capital expenditure of Rs 778 million, which is 2.5% of total revenue. It is the lowest ever capex spend as % of revenue which is driven by company's focus on an asset light model, implementation of lease and buyback strategy and robust internal capex control. FY 2017 marked Cyient's first year under its industry-focused organization structure, providing significant operational benefits, such as an increased momentum in strategy execution and new acquisitions to strengthen its Aerospace & Defense (A&D) and Geospatial capabilities. During the year under review, Cyient's A&D business unit acquired Certon Software Inc. and its wholly owned subsidiary Certon Instruments Inc. Certon is an IP-led, innovative full product life cycle engineering services provider, offering services and solutions to companies seeking certification approval for safety-critical products. This has helped in expanding Cyient's capabilities in model-based systems engineering tools and test automation. With this acquisition, Cyient aims to reduce risks and time-to-market for its clients' new avionics products. Cyient's Transportation business unit established an engineering center in Prague to expand its global footprint. Cyient's Communication business unit rolled out several new service offerings around Information Technology Operations Analysis (ITOA), Software Defined Networking (SDN), rail communications, smart cities, small cells, and wireless coverage. Medical Technology and Healthcare (MTH) business unit finalized and began executing on its strategy to deliver services and solutions across the Design, Build, Operate & Maintain life cycle in the key medical segments of diagnostic imaging, in-vitro diagnostics, cardiology, and patient monitoring. Key milestones that the business unit achieved include consolidating business delivery leadership and operations, hiring key personnel and domain experts, expanding ISO 13485 certification. The company also developed key proof-of-concepts for leading medical technology companies and inaugurated two client-focused in-vitro diagnostics labs that will help it in project expansion and innovation. During the year under review, Cyient completed venture investments in two medical technology start ups that are developing innovative solutions for remote cardiac monitoring and diagnostics. Cyient also made a strategic investment in intellectual property that will enable the company to deliver tactical communication systems for Indian Defense Services and align very closely with the sector's preference for indigenous design, development, and manufacturing-an important cornerstone of the country's Make in India initiative. During the financial year ended 31 March 2017, Cyient's US subsidiary Cyient Inc. (CI) incorporated Cyient Defence Services Inc. as wholly owned subsidiary. In November 2016, Cyient SRO, based in Prague, the Czech Republic, completed the acquisition of Blom Aerofilms Ltd, the UK subsidiary of NRC Group from Norway. The business brings a team with complementary skills of around 40 associates, mostly based out of their offices in Cheddar, Somerset. The company is an ISO 9001 and ISO 27001 certified organization. Leveraging the global execution capability of its parent organization, it maintains client relationships and ensures efficient project management across Europe. After acquisition of a majority interest in Rangsons Electronics Pvt Ltd (REPL) in 2015, Cyient completed the integration and in 2017 renamed REPL as Cyient DLM Pvt Ltd. This is towards Cyient's vision to provide a complete product life cycle solution (Design Led Manufacturing (DLM)) to its customers as part of its S3 strategy. During FY 2017, Cyient established its local presence in Israel to engage more closely with Israeli Defense OEMs who are significant clients for the company's Design-Led Manufacturing (DLM) business. Cyient has invested in local business development and consulting resources to strengthen its focus on this important market that has significant, long-term potential particularly around Indian Defence offsets opportunities. Cyient additionally engaged in an Israeli startup accelerator programme that gives the company access to partnerships around innovative technology for military, defense and homeland security applications. During the financial year ended 31 March 2018, Cyient's Aerospace and Defence Business Unit (BU) continued to witness strong rise in demand for risk sharing business models from its clients. During the financial year ended 31 March 2018, Cyient's US subsidiary Cyient, Inc. acquired B&F Design Services, a Connecticut based company, engaged in the design and manufacturing of tools, which will focus on machining development hardware for the aerospace and defense industry .Cyient's Transportation BU witnessed a strong growth in FY 18 driven by growth in key clients and new wins. Cyient's Semiconductor, IoT and Analytics BU made good progress in setting up verification and validation lab for key clients. The business unit also started working with a number of new clients. The company made two key investments. First was the acquisition of Ansem N.V. which specializes in advanced analog, radio frequency and mixed-signal integrated circuit design. AnSem N.V. specializes in advanced analog, radio frequency, and mixed-signal integrated circuit design. The company also signed a definitive agreement to acquire 100% ownership of Cyient Insights Private Limited (Cyient Insights). The company earlier owned 51% stake in the company. This investment will allow the company to provide integrated engineering and analytics solutions for its clients. Cyient's Medical and Healthcare BU enhanced rigor on solutions by focusing on key industry segments of diagnostic imaging, orthopedics, in-vitro diagnostics, and cardiology. The company signed a partnership with Xynteo, an international advisory firm, as a partner organization in India 2022, a business-led coalition committed to creating a new model of growth by the 75th year of India's independence. As part of this coalition, the company will focus on incubating and scaling projects aimed at delivering technology-enabled healthcare solutions, primarily focused on the diagnostics space in India. To leverage new technology and to drive non linearity in its business, Cyient started a new business unit called the 'New Business Accelerator (NBA).' This group focuses on identifying and commercializing new solutions with an emphasis on emerging technology and innovation. NBA operates as an internal incubator and offers an intensive, startup-like environment to develop technology led solutions. NBA invests in and collaborates with academia, enterprise, and expert networks to bring compelling, innovative ideas to life. It is an endeavor to consistently improve the brand's competitiveness and its value for stakeholders. Cyient ended the FY 2018 with capital expenditure of Rs 1,271 million, which is 3.2% of total revenue. In April 2017, Cyient Solutions and Systems Pvt. Ltd. (CSS) was established to focus exclusively on business in the Indian Defence Sector. CSS signed a collaboration agreement with BlueBird Aero Systems Israel to design, manufacture, and maintain UAV Systems for Indian defence, paramilitary and homeland security agencies. BlueBird's world-class technology combined with Cyient's manufacturing, aftermarket capabilities and local presence offers exceptional value to the rapidly expanding market for UAV solutions in India. Infotech Aerospace Services Inc. (IASI) ceased to be an associate of Cyient Limited pursuant to the disinvestment of 49% stake in the entity with effect from 8 December 2017. IASI was an associate company between Cyient Limited and Pratt & Whitney, a pioneer in flight technology. Effective 1 April 2017, Techno Tools Precision Engineering Private Limited, Cyient DLM Private Limited's (CDLMPL) wholly owned subsidiary, has been merged with its holding company, CDLMPL, pursuant to the order dated 2 April 2018 from National Company Law Tribunal. CDLMPL is a subsidiary of Cyient Limited. in FY 2018, Company acquired AnSem, Belgium, a well-known name in the design of analog and mixed-signal ASICs, to strengthen semiconductor and digital presence. It joined India 2022 business coalition enabled by advisory firm Xynteo in 2018 to lead the healthcare impact track; it launched MedTechConnect to deliver healthcare innovation. In FY2019, Company made corporate venture investments in two medical start-ups. It acquired the semiconductor firm, Ansem. It expanded access to fresh and industry-ready talent through direct digital campaigns and partnerships with educational institutions in India & North America respectively. In FY'20, the Company strengthened its partnership by making a strategic investment in Rail cybersecurity company Cylus, a global leader in cybersecurity solutions. It signed a Statement of Intent (SoI) with Emergent Alliance, to use their combined data knowledge to provide new insights and practical applications to the global COVID-19 response. As part of this alliance, it is presently working with some of the world's largest organizations, data specialists, and governments to support future decision-making on regional and global economic challenges. During FY'20, the Company connected the facility's machines to the IoT network using Cyient Edge Gateways and a business intelligence visualization dashboard. The digital information captured from machine data across the factory enables real-time customized views of job details, overall equipment, line efficiency, machine availability, machine downtime, machine utilization, cycle times, and production output. It captured 10,000 sq. ft. of factory space in a 3D point cloud data that was set to simulate the manufacturing facility within the virtual environment. It used virtual reality application to train associates in the virtual environment on critical safety and quality procedures, and facilitated virtual tours of the smart factory from anywhere across the globe. In FY'21, Company acquired Integrated Global Partners (IGP), a specialist Australian consulting firm to strengthen digital and consulting capabilities in engineering and mining industries and expand its offerings for the local and regional resources sector. It made significant strategic investments toward workforce automation and transformation. It launched 'IntelliCyient', a suite of Industry 4.0 solutions that supports digital industrial transformation for asset-heavy enterprises. It received the recognition for robust and continued investment in achieving Esri's ArcGIS Online, Release Ready, and Utility Network Management Specialties. It implemented a robust, cloud-based solution for the management of utility network data modeling that enhanced accessibility and connectivity. In FY 22, it acquired WorkForce Delta (WFD), a highly specialized technology company providing solutions for workforce management. Cyient announced that it was recognized by Amazon Web Services (AWS) as a Select-Tier Consulting Partner in the AWS Partner Network (APN). It announced the global AS9145 Supplier PPAP platform offering for aerospace use. It launched its Private 5G Networks Center of Excellence (CoE) and has signed a Memorandum of Understanding (MoU) with the Indian Institute of Technology, Hyderabad, as a research partner for the CoE. In Jun' 22, the Company acquired Celfient, a Portugal based company through Cyient Europe Limited, its wholly owned subsidiary. Similarly, it acquired Citec in Apr' 22 to expand its footprint in the Nordic countries. It also acquired Citec Engineering India Limited in India, an international Wireless Engineering Services company. In Apr'22, it acquired Grit Consulting, Singapore, through Cyient Singapore Pvt Ltd, a wholly owned subsidiary. In 2023, the Company launched CyFAST, CyMedge, and PlatformX solutions.

Managing Director

Krishna Bodanapu.

Founded

1991

NSE Symbol

CYIENT

Cyient Ltd Management

NameDesignation
B V R Mohan ReddyFounder Chairman
M M MurugappanChairman (Non-Executive)
Sudheendhra PuttyCompany Sec. & Compli. Officer
Krishna Bodanapu.Executive Vice Chairman & MD
Vikas SehgalNon-Exec. & Independent Dir.
Vivek Narayan GourNon-Exec. & Independent Dir.
Matangi GowrishankarNon-Exec. & Independent Dir.
Ramesh AbhishekNon-Exec. & Independent Dir.
Karthik NatarajanExecutive Director & CEO
Nitin PrasadIndependent Director

Cyient Ltd News

Cyient to discuss results
On 25 April 2024
Cyient join hands with Deutsche Aircraft
Cyient announced a strategic partnership with Deutsche Aircraft, a German original equipment manufacturer (OEM) located in Weßling, Munich to design 40-seater turboprop aircraft.
Cyient allots 57,051 equity shares under ASOP
Cyient inks multi-year pact with Airbus
Cyient said that it has signed multi-year services agreement with Airbus for cabin and cargo engineering.
Cyient announces incorporation of a step-down subsidiary - Cyient DLM Inc.
Cyient partners with Massachusetts Medical Device Industry Council
To launch initiatives to address challenges in MedTech sector
Cyient slides as Q3 PAT drops 17% QoQ to Rs 147 cr
Cyient fell 2.37% to Rs 1,971.20 after the company's consolidated net profit tumbled 17.44% to Rs 147.2 crore in Q3 FY24 as against Rs 178.3 crore reported in Q2 FY24.
Cyient consolidated net profit declines 5.64% in the December 2023 quarter
Sales rise 12.56% to Rs 1821.40 crore
Cyient signs MoU with Japan-based SkyDrive Inc.
For partnership in urban air mobility space
Cyient to hold board meeting
On 25 January 2024

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Cyient Ltd FAQ

By opening a demat account and having your KYC papers confirmed online, you may simply purchase Cyient Ltd shares in BlinkX

The share price of any stock is volatile and changes during the day due to a variety of variables. Cyient Ltd's share price is ₹1,971.55 as of April 19, 2024

Cyient Ltd's P/E ratio is 32.41 times as of April 19, 2024.

Cyient Ltd's most recent financial reports indicate a price-to-book ratio of 5.76, showing the company's stock market valuation in relation to the value of its real assets.

Market capitalisation, often known as market cap, is the market value of all outstanding shares of a publicly listed corporation. Cyient Ltd's market is 23,270 Cr as on April 19, 2024.

The current financial records of Cyient Ltd show a 16.49% ROE, showing great financial performance and effective capital utilisation, making it a significant statistic for investors.

The 52-week high/low price of a Cyient Ltd stock is the highest and lowest price at which it has traded over that period (about one year) and is used as a technical indicator. Cyient Ltd's 52-week high and low as of April 19, 2024 are ₹2015 and ₹1965 respectively.

As of the Mar 2024 quarter, the promoter shareholding in Cyient Ltd stands at 23.16%. During the same period, Institutional Investors have shown a slight decrease in their holdings, dropping from 34.10% to 31.05%.