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Cyient Limited (532175) Report Analysis

Corporate Events

Neutral

Cyient Partners with Honeywell to Manufacture H...

2022-07-18 04:30:00

Cyient announced a partnership with Honeywell to manufacture the aviation industry's first cloud-connected cockpit system - The Honeywell Anth...

Neutral

Cyient Limited, Q1 2023 Earnings Call, Jul 21, 2022

2022-07-14 12:35:00

Cyient Limited, Q1 2023 Earnings Call, Jul 21, 2022

Neutral

Cyient Limited, Board Meeting, Jul 21, 2022

2022-06-30 03:33:00

Cyient Limited, Board Meeting, Jul 21, 2022, at 22:00 Indian Standard Time. Agenda: To consider and take on record the un-audited financial re...

Neutral

Cyient Limited to Report Q1, 2023 Results on Ju...

2022-06-30 03:33:00

Cyient Limited announced that they will report Q1, 2023 results on Jul 21, 2022

Positive

Cyient Limited Announces the Launch of Cyfast

2022-06-22 05:03:00

Cyient Limited announced the launch of an AI-Powered Framework for Automated System and Software Testing (CyFAST), to accelerate end-to-end te...

Negative

Cyient Appoints Prabhakar Shetty as Chief Digit...

2022-06-16 04:59:00

Cyient announced the appointment of Prabhakar Shetty as its Chief Digital Officer. Prabhakar will lead digital strategies to expand the compan...

Negative

Cyient Limited Announces Executive Changes

2022-06-03 14:14:00

Cyient Limited announced that Amb. Vinai Thummalapally, Independent Director of the Company retired from the Board upo completion of his term ...

Neutral

Cyient Limited, Annual General Meeting, Jun 03, 2022

2022-05-12 20:15:00

Cyient Limited, Annual General Meeting, Jun 03, 2022, at 16:00 Indian Standard Time. Agenda: To receive, consider and adopt the audited standa...

Neutral

Cyient Limited - Shareholder/Analyst Call

2022-05-12 20:15:00

Annual General Meeting

Positive

Citec Group Oy Ab, Cyient Limited - M&A Call

2022-04-25 03:21:00

to discuss the details about acquisition

Negative

Cyient Limited Declares Final Dividend for the ...

2022-04-21 10:51:00

The Board of Directors of Cyient Limited declared Final Dividend of INR 14 (that is 280%) per equity share on face value of INR 5 per share, f...

Positive

Cyient Limited, 14.0 (INR), Cash Dividend, May-23-2022

2022-04-21 00:00:00

Cyient Limited, 14.0 (INR), Cash Dividend, May-23-2022

Neutral

Cyient Limited, Q4 2022 Earnings Call, Apr 21, 2022

2022-04-05 04:27:00

Cyient Limited, Q4 2022 Earnings Call, Apr 21, 2022

Neutral

Cyient Limited, Board Meeting, Apr 21, 2022

2022-04-04 10:09:00

Cyient Limited, Board Meeting, Apr 21, 2022, at 10:15 Indian Standard Time. Agenda: To consider approve and take on record the audited financi...

Negative

Cyient Limited Appoints Ramesh Abhishek as Memb...

2022-03-30 08:17:00

Cyient Limited announced that the board of directors of the company has appointed Mr. Ramesh Abhishek, independent director as a member of the...

Positive

Cyient Announces a Pre-Built Solution for Manag...

2022-03-29 06:32:00

Cyient announced a pre-built solution for managed Firmware over-the-Air (FOTA) updates from its CyientflQ innovation platform. CyientflQ as a ...

Negative

Cyient Limited Announces Retirement of Som Mitt...

2022-02-06 14:08:00

Cyient Limited announced that as per the resolution passed by the shareholders of the company at the 28th Annual General Meeting of the compan...

Positive

Cyient Limited Launches Global Management Consu...

2021-10-27 04:36:00

Cyient Limited announced the launch of its management consulting practice under the umbrella of Cyient Consulting. This marks Cyient's first f...

Positive

Cyient Limited Declares an Interim Dividend, Pa...

2021-10-14 10:22:00

Cyient Limited announced that the board of Directors of the Company has declared an interim Dividend of INR 10 per equity share (i.e.200%) on ...

Positive

Cyient Limited, 10.0 (INR), Cash Dividend, Oct-26-2021

2021-10-14 00:00:00

Cyient Limited, 10.0 (INR), Cash Dividend, Oct-26-2021

Negative

Cyient Limited Appoints Rajaneesh Kini as Senio...

2021-10-06 06:59:00

Cyient announced the appointment of Rajaneesh Kini as Senior Vice President & Chief Technology Officer. This new role will focus on Technology...

Neutral

Cyient Limited, Q2 2022 Earnings Call, Oct 14, 2021

2021-10-05 04:14:00

Cyient Limited, Q2 2022 Earnings Call, Oct 14, 2021

Neutral

Cyient Limited Presents at NASSCOM Design and E...

2021-10-04 19:17:00

Cyient Limited Presents at NASSCOM Design and Engineering Summit 2021, Oct-06-2021 03:37 PM. Speakers: Karthikeyan Natarajan, COO & Executive ...

Positive

Cyient Enhances Its Additive Manufacturing Solu...

2021-09-29 12:30:00

Cyient has installed a new SLM®280 system following international support from SLM Solutions. It is integrated into the company's first metal ...

Neutral

Cyient Limited, Board Meeting, Oct 14, 2021

2021-09-29 11:38:00

Cyient Limited, Board Meeting, Oct 14, 2021, at 09:30 Indian Standard Time. Agenda: To consider and approve the un-audited financial results f...

Neutral

Cyient Partners with Honeywell to Manufacture Honeywell Anthem

2022-07-18 04:30:00

Cyient announced a partnership with Honeywell to manufacture the aviation industry's first cloud-connected cockpit system - The Honeywell Anthem. Cyient has inked a multi-year deal with Honeywell for this project. The Honeywell Anthem flight deck will have unparalleled levels of connectivity, an exciting and intuitive interface modeled after everyday smart devices, and a highly scalable and customizable design. It will be driven by a versatile software platform that can be modified for virtually every type of aircraft, including passenger and cargo planes, business jets, helicopters, general aviation planes, and the fast-developing class of advanced air- mobility (AAM) vehicles.

Neutral

Cyient Limited, Q1 2023 Earnings Call, Jul 21, 2022

2022-07-14 12:35:00

Cyient Limited, Q1 2023 Earnings Call, Jul 21, 2022

Neutral

Cyient Limited, Board Meeting, Jul 21, 2022

2022-06-30 03:33:00

Cyient Limited, Board Meeting, Jul 21, 2022, at 22:00 Indian Standard Time. Agenda: To consider and take on record the un-audited financial results for the quarter ended 30 June 2022.

Neutral

Cyient Limited to Report Q1, 2023 Results on Jul 21, 2022

2022-06-30 03:33:00

Cyient Limited announced that they will report Q1, 2023 results on Jul 21, 2022

Positive

Cyient Limited Announces the Launch of Cyfast

2022-06-22 05:03:00

Cyient Limited announced the launch of an AI-Powered Framework for Automated System and Software Testing (CyFAST), to accelerate end-to-end test automation. The platform enables end-to-end test automation across web, mobile, desktop, and embedded application and hardware devices, providing a comprehensive environment for managing testing projects. The conversion of physical products into digital products enabling core functions throughsoftware has accelerated over the last few years, with multiple factors driving enterprise engineering teams' investments. CyFAST addresses these challenges by providing a single framework that leverages existing automation assets to enable end-to-end system & software testing along with planning and scheduling multisite and parallel execution of test cases. This innovative platform enables efficient and high-quality testing of complex systems and software, leveraging cognitive intelligence for optimized test orchestration, risk-based testing, and regulatory documentation.

Negative

Cyient Appoints Prabhakar Shetty as Chief Digital Officer

2022-06-16 04:59:00

Cyient announced the appointment of Prabhakar Shetty as its Chief Digital Officer. Prabhakar will lead digital strategies to expand the company's digital technology footprint by scaling the services lines related to connected manufacturing, intelligent products, and platforms and strengthening IntelliCyient, its digital solutions suite. Prabhakar joins Cyient with over three decades of experience building and nurturing successful consulting and technology businesses. Before Cyient, Prabhakar headed large business lines in Digital Manufacturing, Cloud Engineering, Asset Management, PLM, and Supply Chain Management at global service and manufacturing organizations. As the Head of Digital Technology Business at Cyient, Prabhakar will be instrumental in strengthening its IntelliCyient solutions suite and building next-gen technology solutions to help customers accelerate their digital transformation journey. Prabhakar will spearhead the incubation of cutting-edge technology solutions to drive disruptive innovation for Cyient's customers across smart factory, intelligent supply chain, enterprise asset management, field service management, and aftermarket MRO.

Negative

Cyient Limited Announces Executive Changes

2022-06-03 14:14:00

Cyient Limited announced that Amb. Vinai Thummalapally, Independent Director of the Company retired from the Board upo completion of his term and Mr. Alain De Taeye, Non-Executive and Non- Independent Director of the Company stepped down from the Board with effect from 3 June 2022.

Neutral

Cyient Limited, Annual General Meeting, Jun 03, 2022

2022-05-12 20:15:00

Cyient Limited, Annual General Meeting, Jun 03, 2022, at 16:00 Indian Standard Time. Agenda: To receive, consider and adopt the audited standalone financial statements of the company for the financial year ended 31 March 2022, together with the reports of the board of directors and the auditors thereon; to consider the audited consolidated financial statements of the company for the financial year ended 31 March 2022, together with the report of the auditors thereon; to confirm the payment of interim dividend on the equity shares and to declare final dividend on the equity shares of the Company for the financial year ended 31 March 2022; to appoint a director in place of Mr. B.V.R. Mohan Reddy, who retires by rotation and being eligible, offers himself for re-appointment as a Director liable to retire by rotation; to appoint a director in place of Mr. M.M. Murugappan, who retires by rotation and being eligible, offers himself for re-appointment as a Director liable to retire by rotation; and to consider the other matters.

Neutral

Cyient Limited - Shareholder/Analyst Call

2022-05-12 20:15:00

Annual General Meeting

Positive

Citec Group Oy Ab, Cyient Limited - M&A Call

2022-04-25 03:21:00

to discuss the details about acquisition

Negative

Cyient Limited Declares Final Dividend for the Financial Year 2021-22

2022-04-21 10:51:00

The Board of Directors of Cyient Limited declared Final Dividend of INR 14 (that is 280%) per equity share on face value of INR 5 per share, for the financial year 2021-22.

Positive

Cyient Limited, 14.0 (INR), Cash Dividend, May-23-2022

2022-04-21 00:00:00

Cyient Limited, 14.0 (INR), Cash Dividend, May-23-2022

Neutral

Cyient Limited, Q4 2022 Earnings Call, Apr 21, 2022

2022-04-05 04:27:00

Cyient Limited, Q4 2022 Earnings Call, Apr 21, 2022

Neutral

Cyient Limited, Board Meeting, Apr 21, 2022

2022-04-04 10:09:00

Cyient Limited, Board Meeting, Apr 21, 2022, at 10:15 Indian Standard Time. Agenda: To consider approve and take on record the audited financial results of the Company under Indian Accounting Standards (Ind AS) for the quarter and year ended 31 March 2022; to approve and take on record the audited consolidated financial results of the Company and its subsidiaries under Ind AS for the quarter and year ended 31 March 2022; and to consider recommendation of final dividend for the financial year ended 31 March 2022, if any.

Negative

Cyient Limited Appoints Ramesh Abhishek as Member of the Audit Committee and Risk Management Committee

2022-03-30 08:17:00

Cyient Limited announced that the board of directors of the company has appointed Mr. Ramesh Abhishek, independent director as a member of the following committees: Audit Committee; Risk Management Committee.

Positive

Cyient Announces a Pre-Built Solution for Managed Firmware Over-The-Air (FOTA) Updates from its Cyientflq Innovation Platform

2022-03-29 06:32:00

Cyient announced a pre-built solution for managed Firmware over-the-Air (FOTA) updates from its CyientflQ innovation platform. CyientflQ as a platform fosters technology disruptions and enables the development of new IPs and solutions in collaboration with Partners. The FOTA solution is designed to accelerate the development of intelligent and connected products for its customers across the industry. This solution is built for Original Equipment Manufacturers (OEMs) in Industrial, Construction, Agriculture, Mining, Medical, and Automotive/Off-highway, to ensure that there is a significant reduction in the cost of after-sales service support, and an avenue for additional revenue through optional new feature upgrades for end-users.

Negative

Cyient Limited Announces Retirement of Som Mittal as Independent Director

2022-02-06 14:08:00

Cyient Limited announced that as per the resolution passed by the shareholders of the company at the 28th Annual General Meeting of the company held on 6 June 2019, Mr. Som Mittal (DIN: 00074842), Independent Director of the Company retires from the Board of the company w.e.f. 6 February 2022.

Positive

Cyient Limited Launches Global Management Consulting Practice

2021-10-27 04:36:00

Cyient Limited announced the launch of its management consulting practice under the umbrella of Cyient Consulting. This marks Cyient's first foray into this space. The global management consulting services market is expected to cross $1.2 Trillion by 2025. Cyient's consulting practice will offer the following services: Organization Effectiveness Support transformation for optimal effectiveness to deliver strategy and results for all stakeholders. Board and Governance Engage, develop, and adopt value-oriented governance models and frameworks to optimize their processes for an organization. Asset Optimization Accelerate operational and asset productivity and performance by improving strategies, capabilities, processes, and systems. Digital Transformation Design and implement digital solutions to optimize technology applications.

Positive

Cyient Limited Declares an Interim Dividend, Payable by 10 November 2021

2021-10-14 10:22:00

Cyient Limited announced that the board of Directors of the Company has declared an interim Dividend of INR 10 per equity share (i.e.200%) on par value of INR 5 per share for the financial year 2021-2022. Further, this is to inform that 27 October 2021 is fixed as the record date for the above purpose and the dividend will be paid by 10 November 2021.

Positive

Cyient Limited, 10.0 (INR), Cash Dividend, Oct-26-2021

2021-10-14 00:00:00

Cyient Limited, 10.0 (INR), Cash Dividend, Oct-26-2021

Negative

Cyient Limited Appoints Rajaneesh Kini as Senior Vice President & Chief Technology Officer

2021-10-06 06:59:00

Cyient announced the appointment of Rajaneesh Kini as Senior Vice President & Chief Technology Officer. This new role will focus on Technology Development at Cyient. Rajaneesh will be responsible for shaping the company's technological vision, building competitive, relevant, and market-ready solutions, and seeding new skills within the organization.

Neutral

Cyient Limited, Q2 2022 Earnings Call, Oct 14, 2021

2021-10-05 04:14:00

Cyient Limited, Q2 2022 Earnings Call, Oct 14, 2021

Neutral

Cyient Limited Presents at NASSCOM Design and Engineering Summit 2021, Oct-06-2021 03:37 PM

2021-10-04 19:17:00

Cyient Limited Presents at NASSCOM Design and Engineering Summit 2021, Oct-06-2021 03:37 PM. Speakers: Karthikeyan Natarajan, COO & Executive Director.

Positive

Cyient Enhances Its Additive Manufacturing Solutions with Implementation of SLM 280 System in Florida

2021-09-29 12:30:00

Cyient has installed a new SLM®280 system following international support from SLM Solutions. It is integrated into the company's first metal additive manufacturing facility in Jupiter, Florida. With over 100+ specialized engineers in design optimization for additive manufacturing, Cyient looks to further enhance its rapid development capabilities critical for digital manufacturing solutions. The SLM®280 selective laser melting system offers 80% higher build rates than competitive offerings. This is accomplished with high-energy, multi-laser optics, bi-directional powder re-coating, and a 25% larger build platform that ensures consistent and repeatable part quality and best-in-class productivity. The SLM®280 is nicknamed The Dual-laser Trailblazer due to its leading place in the additive industry and the value it offers for a wide range of applications and industries.SLM Solutions' robust selective laser melting metal additive manufacturing systems optimize fast, reliable, and cost-efficient production for complex, completely dense metal parts. The company focuses on long-term success, providing support and knowledge-sharing to elevate customer production. A publicly traded company, SLM Solutions Group AG is headquartered in Germany with offices worldwide.

Neutral

Cyient Limited, Board Meeting, Oct 14, 2021

2021-09-29 11:38:00

Cyient Limited, Board Meeting, Oct 14, 2021, at 09:30 Indian Standard Time. Agenda: To consider and approve the un-audited financial results for the quarter and half year ended 30 September 2021; and to consider and approve an interim dividend for the financial year 2021-22, if any.

Fundamental Summary

Cyient's financial results from Q1 demonstrated decent performance, but will likely only help Cyient remain on par with its peers. We do believe, though, that macro-related market conditions will influence their performance more significantly than its individual results. Bottom line, Cyient's financials indicate solid performance in terms of growth and income, which leads us to believe that they may become interesting again in the next few months. But for right now, we gave the company an overall grade of 78 and a BUY recommendation.

Cyient reported earnings results for the first quarter ended June 30, 2022. For the first quarter, the company reported sales was INR 12,501 million compared to INR 10,582 million a year ago. Revenue was INR 12,838 million compared to INR 10,839 million a year ago. Net income was INR 1,161 million compared to INR 1,150 million a year ago. Basic earnings per share from continuing operations was INR 10.63 compared to INR 10.48 a year ago. Diluted earnings per share from continuing operations was INR 10.57 compared to INR 10.44 a year ago.

Business Description

Cyient 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. It offers engineering services, such as systems, mechanical, electrical, manufacturing, plant, network, and field engineering, as well as aftermarket, embedded systems, and intellectual property and allied services. The company also provides electronic and mechanical manufacturing services; and analytics, big data consulting, and Internet of Things and M2M services. In addition, it offers geospatial services, including data acquisition, remote sensing, photogrammetry, navigational data mapping, and location-based services. Further, the company provides digitization of drawings and maps, computer aided design/engineering, design and modelling, repair development engineering, reverse engineering application software development, software products development, consulting, analytics, and implementation services. The company serves aerospace and defense, automotive, communications, energy, geospatial, industrial and heavy equipment, medical technology and healthcare, mining, oil and gas, power generation, rail transportation, semiconductor, and utilities industries. The company was formerly known as Infotech Enterprises Limited and changed its name to Cyient in May 2014. Cyient was incorporated in 1991 and is headquartered in Hyderabad, India.

Sector Overview

Cyient is included in the Software according to GICS (global industry classification standard). The Software industry is part of the Information Technology sector. Companies included engage in the development and production of applications, systems, and home entertainment software for the business and consumer markets. Cyient's industry and sector affiliation are expected to positively boost their relative likelihood to overperform the market looking forward, as they should benefit significantly from the macroeconomic environment we see now.

Fundamental Highlights


Parameter Value Change Score
Assets 47.9B 6.6% 71
Liabilities 16.7B 8.8% 70
Price to Book 3.3 36.3% 71
Cash & Equivalents 12.2B -15.6% 63
Equity 31.2B 5.4% 62
EBITDA 8.1B 38.7% 80
Total Revenues 45.3B 9.7% 74
Parameter Value Change Score
Return on Equity 17.2 30.4% 82
Net Cashflow -2.9B -153.0% 67
Capital Expenditure -626.0M 34.0% 85
Asset Turnover 1.0 2.5% 70
Free Cashflow Per Share 52.1 -24.3% 63
* All values are TTM

The below chart reflects Cyient's birds-eye view on its performance with respect to its peers, the company's fillings as reported or to a similar industry, market cap, and country of origin. While Cyient's peer average final assessment score stands on 71, Cyient's score is 78.

  •  532175
  •  Peers average
Name Market Cap Balance Sheet Income Statement Cash Flow Rating Final Assessment mc_sort Hidden
Tata Elxsi Limited 524.1B 84 66 71
Buy
80
80 0 1
Oracle Financial Services Software Limited 255.0B 68 72 53
Hold
65
65 1 1
Tanla Platforms Limited 103.4B 91 67 74
Hold
78
78 2 1
Route Mobile Limited 85.1B 85 61 50
Hold
65
65 3 1
Intellect Design Arena Limited 72.5B 66 76 67
Hold
75
75 4 1
Newgen Software Technologies Limited 24.8B 77 67 64
Hold
73
73 5 1
Subex Limited 17.2B 52 72 68
Hold
63
63 6 1
Sasken Technologies Limited 12.2B 71 80 72
Hold
78
78 7 1
OnMobile Global Limited 12.0B 78 59 69
Hold
72
72 8 1
Quick Heal Technologies Limited 11.8B 75 74 80
Hold
78
78 9 1
MosChip Technologies Limited 10.9B 80 82 83
Buy
85
85 10 1
Nucleus Software Exports Limited 10.6B 74 55 66
Hold
62
62 11 1
Aurionpro Solutions Limited 9.3B 75 70 81
Hold
78
78 12 1
Aurum PropTech Limited 8.2B 57 73 58
Hold
64
64 13 1
63 moons technologies limited 7.6B 84 74 54
Hold
67
67 14 1
3i Infotech Limited 7.4B 63 79 75
Hold
71
71 15 1
DiGiSPICE Technologies Limited 6.1B 85 79 84
Buy
85
85 16 1
Virinchi Limited 3.7B 54 74 74
Hold
68
68 17 1
Ducon Infratechnologies Limited 3.6B 81 64 69
Hold
71
71 18 1
Megasoft Limited 2.8B 64 63 67
Hold
69
69 19 1
ABM Knowledgeware Limited 2.0B 73 56 61
Hold
61
61 20 1
SecureKloud Technologies Limited 2.0B 64 65 66
Hold
64
64 21 1
SoftSol India Limited 1.9B 70 74 58
Hold
67
67 22 1
CG-VAK Software and Exports Limited 1.9B 63 70 78
Hold
69
69 23 1
Intense Technologies Limited 1.6B 79 47 63
Hold
61
61 24 1
Affordable Robotic & Automation Limited 1.4B 94 68 56
Hold
78
78 25 1
Vedavaag Systems Limited 1.4B 69 64 88
Hold
69
69 26 1
DRC Systems India Limited 1.2B 58 91 57
Buy
78
78 27 1
Odyssey Technologies Limited 931.4M 88 74 86
Buy
83
83 28 1
Sagarsoft (India) Limited 927.8M 88 65 95
Buy
79
79 29 1
Scanpoint Geomatics Limited 811.1M 67 68 63
Hold
68
68 30 1
R S Software (India) Limited 683.8M 69 65 67
Hold
63
63 31 1
Starcom Information Technology Limited 571.1M 99 66 82
Buy
86
86 32 1
Cranes Software International Limited 361.5M 79 76 69
Hold
72
72 33 1
Dion Global Solutions Limited 63.3M 64 83 92
Buy
81
81 34 1
Commex Technology Limited 38.8M 83 56 62
Hold
65
65 35 1
ICSA (India) Limited 27.4M 73 64 76
Hold
70
70 36 1
KPIT Technologies Limited 174.3B 59 78 62
Hold
72
72 37 1
Birlasoft Limited 77.6B 61 68 67
Hold
65
65 38 1
InfoBeans Technologies Limited 12.6B 86 68 83
Buy
78
78 39 1
Ramco Systems Limited 8.0B 64 70 72
Hold
67
67 40 1
Innovana Thinklabs Limited 3.6B 83 69 59
Hold
72
72 41 1
MPS Infotecnics Limited 2.5B 73 76 57
Hold
75
75 42 1

Macro Environment

Neutral
75

Typically, the stock market in India will react to recent economic events, as well as be influenced by the sentiment in other major economies around the world, such as the United States, European Union, and China. Our assessment is that these two events may influence global market sentiment. On the negative side we have the tensions between Taiwan and China, and on the positive side we have the end of Covid-19 pandemic.

Positive End of covid-19 pandemic

The World Health Organization issued six policy briefs outlining essential steps governments could take to stop the pandemic. The briefings, which are based on evidence and experience from the previous 32 months, provide guidance on how to save lives, protect health systems, and minimize social and economic disruption.

Negative Tensions between taiwan and china

The tensions between Taiwan and China have spiked following Nancy Pelosi's visit to Taipei. China staged war games near Taiwan to express its anger at what it saw as stepped-up U.S. support for the island Beijing views as sovereign Chinese territory. Because Taiwan produces the majority of the world's semiconductors, which are used in every electronic device today, a war between China and Taiwan might be catastrophic for the global economy.

Besides the events we mentioned, there are also specific events related to the Software & Services industry of which Cyient Limited is a part. As a result, we believe that the global chip supply is a positive event that will continue to support the industry in the future, whereas the rising interest rate may cloud the sector's shares.

Positive Global chip supply

After more than a year of disruption, global chip supply shortages are finally showing signs of relief. Since chips play an important role in the Software & Services industry, this is excellent news.

Negative Rising interest rate

Historically, the companies most sensitive to interest rate hikes are companies that are sensitive to changes in the discount rate, companies that pay a high cost for the capital used for current operations, or companies that pay a high dividend.

In considering the current macro environment and the risks that might affect Cyient Limited stock, we came to the conclusion that recent events aren't likely to affect the company's performance in the short term, and thus rated Cyient Limited macro environment with the score of 75.

Technical Analysis

When trying to optimize the timing of an investment, it's critical to analyze whether the stock looks overbought or oversold, and in which direction the momentum is moving. Cyient's stock is now priced below its 5-day, 50-day, and 200-day moving average, while its MACD (moving average convergence divergence) indicates that the stock's price movement momentum is weakening. Historically, this is a negative setup in the near, medium, and long-term. Meanwhile, looking at the Stochastic Oscillator and RSI (relative strength index), Cyient's stock appears overbought. Overall, these technical indicators signal negative momentum. Therefore, this stock received a cumulative TA (technical analysis) score of 37.

Bearish 37
Close Price 793.15
52W Low 736.0
52W High 1230.75
5D MA 799.64
50D MA 822.5
200D MA 866.65
MACD -8.68
RSI 77.71
STOCH 3.09

Balance Sheet Analysis

At a high level, Cyient delivered stable balance sheet metrics this period. Cyient's balance sheet metrics didn't highlight too many outstanding numbers, for either the good or the bad. Cyient's management was effective in managing the value of the assets on their balance sheet, which now sits at 47.9B and represents a 6.6% change from the previous report. This growth should support upward pressure on its's stock price, which better captures their intrinsic value. The company's asset component, therefore, received a grade of 71. Also, Cyient's price to book ratio (P/B) was reported as 3.3 and represents 36.3% change from the previous report. These book value factor numbers show that management has been prudent in focusing on efficient growth. We believe the stock price has room to grow to reflect its intrinsic value accurately. The company's book value factors component, therefore, received a grade of 71. On the other hand, Equity, jumped out as looking rather underwhelming. Cyient published concerning equity metrics for this filing. In the current report, equity stood at 31.2B, which represents a 5.4% change from the last report. This parameter often affects companies in the same industry and market capitalization by up to 2.1%. These metrics are all the more disappointing relative to their peers and should blunt potential positive momentum in its's stock price. Its equity movement component, therefore, received a grade of 62. Therefore, we scored the company's balance sheet a 68.

Parameter Value Change Score
Assets 47.9B 6.6% 71
Liabilities 16.7B 8.8% 70
Price to Book 3.3 36.3% 71
Cash & Equivalents 12.2B -15.6% 63
Equity 31.2B 5.4% 62
* All values are TTM

The below chart describes Cyient's performance as reflected on its balance sheet with respect to its peers. While Cyient received a balance sheet score of 68, the average of its peers stands on 72.

  •  532175
  •  Peers average
Name Market Cap Liabilities Movement Asset Change Equity/Intangibles Adjustments Cash & Equivalents Book Value Momentum Balance Sheet mc_sort Hidden
Tata Elxsi Limited 524.1B 82.0 64.0 80.0 82.0 85.0 84 0 1
Oracle Financial Services Software Limited 255.0B 61.0 65.0 80.0 37.0 85.0 68 1 1
Tanla Platforms Limited 103.4B 63.0 75.0 50.0 79.0 89.0 91 2 1
Route Mobile Limited 85.1B 87.0 61.0 77.0 82.0 88.0 85 3 1
Intellect Design Arena Limited 72.5B 65.0 76.0 63.0 69.0 63.0 66 4 1
Newgen Software Technologies Limited 24.8B 73.0 65.0 74.0 81.0 86.0 77 5 1
Subex Limited 17.2B 53.0 82.0 46.0 69.0 49.0 52 6 1
Sasken Technologies Limited 12.2B 65.0 62.0 57.0 75.0 79.0 71 7 1
OnMobile Global Limited 12.0B 71.0 71.0 85.0 61.0 66.0 78 8 1
Quick Heal Technologies Limited 11.8B 67.0 71.0 57.0 69.0 77.0 75 9 1
MosChip Technologies Limited 10.9B 52.0 82.0 74.0 88.0 57.0 80 10 1
Nucleus Software Exports Limited 10.6B 68.0 68.0 93.0 74.0 46.0 74 11 1
Aurionpro Solutions Limited 9.3B 50.0 74.0 46.0 82.0 92.0 75 12 1
Aurum PropTech Limited 8.2B 61.0 69.0 53.0 53.0 42.0 57 13 1
63 moons technologies limited 7.6B 73.0 56.0 38.0 59.0 98.0 84 14 1
3i Infotech Limited 7.4B 66.0 74.0 48.0 67.0 43.0 63 15 1
DiGiSPICE Technologies Limited 6.1B 88.0 73.0 80.0 85.0 84.0 85 16 1
Virinchi Limited 3.7B 65.0 72.0 48.0 80.0 41.0 54 17 1
Ducon Infratechnologies Limited 3.6B 90.0 72.0 74.0 84.0 85.0 81 18 1
Megasoft Limited 2.8B 72.0 70.0 73.0 58.0 55.0 64 19 1
ABM Knowledgeware Limited 2.0B 70.0 68.0 73.0 55.0 70.0 73 20 1
SecureKloud Technologies Limited 2.0B 53.0 54.0 78.0 45.0 80.0 64 21 1
SoftSol India Limited 1.9B 87.0 67.0 56.0 54.0 81.0 70 22 1
CG-VAK Software and Exports Limited 1.9B 93.0 39.0 82.0 39.0 57.0 63 23 1
Intense Technologies Limited 1.6B 80.0 76.0 44.0 93.0 81.0 79 24 1
Affordable Robotic & Automation Limited 1.4B 76.0 70.0 96.0 94.0 74.0 94 25 1
Vedavaag Systems Limited 1.4B 40.0 90.0 59.0 50.0 66.0 69 26 1
DRC Systems India Limited 1.2B 80.0 37.0 75.0 98.0 61.0 58 27 1
Odyssey Technologies Limited 931.4M 50.0 81.0 84.0 86.0 71.0 88 28 1
Sagarsoft (India) Limited 927.8M 75.0 73.0 86.0 81.0 83.0 88 29 1
Scanpoint Geomatics Limited 811.1M 62.0 66.0 71.0 44.0 70.0 67 30 1
R S Software (India) Limited 683.8M 67.0 65.0 75.0 72.0 49.0 69 31 1
Starcom Information Technology Limited 571.1M 48.0 93.0 94.0 41.0 76.0 99 32 1
Cranes Software International Limited 361.5M 67.0 68.0 74.0 66.0 57.0 79 33 1
Dion Global Solutions Limited 63.3M 66.0 62.0 75.0 38.0 53.0 64 34 1
Commex Technology Limited 38.8M 52.0 74.0 80.0 51.0 50.0 83 35 1
ICSA (India) Limited 27.4M 66.0 68.0 50.0 67.0 83.0 73 36 1
KPIT Technologies Limited 174.3B 82.0 59.0 65.0 79.0 53.0 59 37 1
Birlasoft Limited 77.6B 59.0 72.0 60.0 76.0 62.0 61 38 1
InfoBeans Technologies Limited 12.6B 98.0 71.0 82.0 92.0 58.0 86 39 1
Ramco Systems Limited 8.0B 65.0 70.0 53.0 72.0 59.0 64 40 1
Innovana Thinklabs Limited 3.6B 90.0 68.0 76.0 90.0 94.0 83 41 1
MPS Infotecnics Limited 2.5B 60.0 78.0 70.0 61.0 52.0 73 42 1

Income Statement Analysis

All in all, the most important metrics within Cyient's income statement looked encouraging. In this filing, Cyient reported a return on equity (ROE) ratio of 17.2, which represents a change of 30.4%. The company appears headed in the right direction in terms of these return factors, exhibiting prudent capital expenditure growth compared to its peers. Consequently, their return factors received a grade of 82. However, one discouraging result, Revenue Efficiency, stood out. Cyient's revenue efficiency metrics look especially concerning this period, highlighting issues management is having controlling and reducing expenses while increasing earnings. This metric might have a 19.8 percent impact on companies in the same industry and with the same market capitalization. Their revenue efficiency does not make a compelling case for upward pressure on the company's stock price. As a result, their revenue efficiency earned a score of 74. Therefore, its income statement earned a grade of 79.

Parameter Value Change Score
EBITDA 8.1B 38.7% 80
Total Revenues 45.3B 9.7% 74
Return on Equity 17.2 30.4% 82
* All values are TTM

The below chart describes Cyient's performance as reflected on its income statement with respect to its peers. While Cyient received a income statement score of 79 , the average of its peers stands on 69.

  •  532175
  •  Peers average
Name Market Cap Revenue Momentum Earning Movement Return Factors Momentum Income Statement mc_sort Hidden
Tata Elxsi Limited 524.1B 50.0 82.0 79.0 66 0 1
Oracle Financial Services Software Limited 255.0B 83.0 57.0 57.0 72 1 1
Tanla Platforms Limited 103.4B 38.0 91.0 76.0 67 2 1
Route Mobile Limited 85.1B 46.0 79.0 49.0 61 3 1
Intellect Design Arena Limited 72.5B 85.0 62.0 69.0 76 4 1
Newgen Software Technologies Limited 24.8B 67.0 64.0 72.0 67 5 1
Subex Limited 17.2B 85.0 54.0 65.0 72 6 1
Sasken Technologies Limited 12.2B 86.0 74.0 73.0 80 7 1
OnMobile Global Limited 12.0B 53.0 61.0 67.0 59 8 1
Quick Heal Technologies Limited 11.8B 61.0 74.0 74.0 74 9 1
MosChip Technologies Limited 10.9B 49.0 97.0 85.0 82 10 1
Nucleus Software Exports Limited 10.6B 82.0 45.0 55.0 55 11 1
Aurionpro Solutions Limited 9.3B 40.0 78.0 70.0 70 12 1
Aurum PropTech Limited 8.2B 98.0 63.0 61.0 73 13 1
63 moons technologies limited 7.6B 82.0 57.0 83.0 74 14 1
3i Infotech Limited 7.4B 81.0 74.0 79.0 79 15 1
DiGiSPICE Technologies Limited 6.1B 44.0 97.0 82.0 79 16 1
Virinchi Limited 3.7B 85.0 80.0 46.0 74 17 1
Ducon Infratechnologies Limited 3.6B 40.0 79.0 69.0 64 18 1
Megasoft Limited 2.8B 87.0 54.0 50.0 63 19 1
ABM Knowledgeware Limited 2.0B 69.0 52.0 59.0 56 20 1
SecureKloud Technologies Limited 2.0B 67.0 61.0 66.0 65 21 1
SoftSol India Limited 1.9B 75.0 71.0 67.0 74 22 1
CG-VAK Software and Exports Limited 1.9B 43.0 82.0 77.0 70 23 1
Intense Technologies Limited 1.6B 42.0 46.0 57.0 47 24 1
Affordable Robotic & Automation Limited 1.4B 72.0 75.0 50.0 68 25 1
Vedavaag Systems Limited 1.4B 63.0 66.0 63.0 64 26 1
DRC Systems India Limited 1.2B 93.0 78.0 88.0 91 27 1
Odyssey Technologies Limited 931.4M 46.0 82.0 86.0 74 28 1
Sagarsoft (India) Limited 927.8M 38.0 80.0 73.0 65 29 1
Scanpoint Geomatics Limited 811.1M 95.0 57.0 51.0 68 30 1
R S Software (India) Limited 683.8M 89.0 54.0 57.0 65 31 1
Starcom Information Technology Limited 571.1M 40.0 86.0 73.0 66 32 1
Cranes Software International Limited 361.5M 83.0 61.0 66.0 76 33 1
Dion Global Solutions Limited 63.3M 97.0 73.0 69.0 83 34 1
Commex Technology Limited 38.8M 75.0 41.0 42.0 56 35 1
ICSA (India) Limited 27.4M 57.0 67.0 66.0 64 36 1
KPIT Technologies Limited 174.3B 63.0 89.0 76.0 78 37 1
Birlasoft Limited 77.6B 82.0 55.0 54.0 68 38 1
InfoBeans Technologies Limited 12.6B 39.0 83.0 75.0 68 39 1
Ramco Systems Limited 8.0B 81.0 64.0 68.0 70 40 1
Innovana Thinklabs Limited 3.6B 40.0 89.0 63.0 69 41 1
MPS Infotecnics Limited 2.5B 97.0 61.0 66.0 76 42 1

Cash Flow Analysis

Cyient appears likely to maintain its strong cash flow metrics and momentum going forward. Cyient's published capital expenditures (CapEx) numbers were encouraging and reflected management's balanced change strategy. Cyient recorded CapEx of -626.0M, which represents 34.0% change from the previous report. This performance is all the more impressive relative to their peers and competitors. Consequently, their CapEx movement received a grade of 85. Also, Cyient's published asset turnover numbers were encouraging and reflected management's balanced change strategy. Cyient recorded asset turnover of 1.0, which represents a 2.5% change from the previous report. This metric might have a 10.6 percent impact on companies in the same industry and with the same market capitalization. Their asset turnover numbers are significantly more impressive when contrasted against their peers and competitors. Correspondingly, their asset turnover movement received a grade of 70. On the other hand, Free Cash flow, jumped out as looking problematic. Free cash flow numbers published by Cyient were 52.1, which was a -24.3% change from the previous filing. Companies in the same sector and market capitalization will usually be affected by up to 7.0 percent by this parameter. Their free cash flow situation is more concerning relative to their peers and competitors. Consequently, their free cash flow movement received a grade of 63. Therefore, it received a score of 69.

Parameter Value Change Score
Net Cashflow -2.9B -153.0% 67
Capital Expenditure -626.0M 34.0% 85
Asset Turnover 1.0 2.5% 70
Free Cashflow Per Share 52.1 -24.3% 63
* All values are TTM

The below chart describes Cyient's performance as reflected on its cash flow with respect to its peers. While Cyient received a cash flow score of 69, the average of its peers stands on 69.

  •  532175
  •  Peers average
Name Market Cap Cashflow Momentum Free Cashflow Growth Capital Expenditure Growth Assets Factors Momentum Cash Flow mc_sort Hidden
Tata Elxsi Limited 524.1B 70.0 72.0 43.0 76.0 71 0 1
Oracle Financial Services Software Limited 255.0B 61.0 76.0 40.0 48.0 53 1 1
Tanla Platforms Limited 103.4B 68.0 71.0 70.0 72.0 74 2 1
Route Mobile Limited 85.1B 52.0 57.0 73.0 48.0 50 3 1
Intellect Design Arena Limited 72.5B 68.0 69.0 73.0 65.0 67 4 1
Newgen Software Technologies Limited 24.8B 60.0 60.0 67.0 68.0 64 5 1
Subex Limited 17.2B 68.0 69.0 66.0 64.0 68 6 1
Sasken Technologies Limited 12.2B 68.0 75.0 84.0 62.0 72 7 1
OnMobile Global Limited 12.0B 69.0 66.0 60.0 80.0 69 8 1
Quick Heal Technologies Limited 11.8B 71.0 77.0 75.0 79.0 80 9 1
MosChip Technologies Limited 10.9B 79.0 76.0 91.0 89.0 83 10 1
Nucleus Software Exports Limited 10.6B 60.0 53.0 69.0 69.0 66 11 1
Aurionpro Solutions Limited 9.3B 76.0 74.0 66.0 81.0 81 12 1
Aurum PropTech Limited 8.2B 69.0 67.0 78.0 40.0 58 13 1
63 moons technologies limited 7.6B 69.0 71.0 74.0 38.0 54 14 1
3i Infotech Limited 7.4B 68.0 72.0 76.0 78.0 75 15 1
DiGiSPICE Technologies Limited 6.1B 84.0 87.0 84.0 77.0 84 16 1
Virinchi Limited 3.7B 77.0 95.0 49.0 50.0 74 17 1
Ducon Infratechnologies Limited 3.6B 66.0 67.0 68.0 74.0 69 18 1
Megasoft Limited 2.8B 71.0 74.0 74.0 53.0 67 19 1
ABM Knowledgeware Limited 2.0B 57.0 47.0 69.0 65.0 61 20 1
SecureKloud Technologies Limited 2.0B 69.0 67.0 68.0 63.0 66 21 1
SoftSol India Limited 1.9B 60.0 57.0 82.0 59.0 58 22 1
CG-VAK Software and Exports Limited 1.9B 84.0 67.0 68.0 80.0 78 23 1
Intense Technologies Limited 1.6B 53.0 83.0 77.0 68.0 63 24 1
Affordable Robotic & Automation Limited 1.4B 51.0 67.0 68.0 54.0 56 25 1
Vedavaag Systems Limited 1.4B 93.0 90.0 43.0 77.0 88 26 1
DRC Systems India Limited 1.2B 71.0 67.0 68.0 37.0 57 27 1
Odyssey Technologies Limited 931.4M 83.0 82.0 53.0 89.0 86 28 1
Sagarsoft (India) Limited 927.8M 94.0 89.0 85.0 96.0 95 29 1
Scanpoint Geomatics Limited 811.1M 68.0 78.0 89.0 42.0 63 30 1
R S Software (India) Limited 683.8M 62.0 72.0 84.0 59.0 67 31 1
Starcom Information Technology Limited 571.1M 67.0 67.0 64.0 97.0 82 32 1
Cranes Software International Limited 361.5M 65.0 71.0 70.0 66.0 69 33 1
Dion Global Solutions Limited 63.3M 74.0 80.0 89.0 94.0 92 34 1
Commex Technology Limited 38.8M 69.0 66.0 68.0 53.0 62 35 1
ICSA (India) Limited 27.4M 77.0 71.0 87.0 63.0 76 36 1
KPIT Technologies Limited 174.3B 67.0 56.0 53.0 56.0 62 37 1
Birlasoft Limited 77.6B 67.0 75.0 76.0 56.0 67 38 1
InfoBeans Technologies Limited 12.6B 89.0 89.0 49.0 69.0 83 39 1
Ramco Systems Limited 8.0B 79.0 76.0 56.0 61.0 72 40 1
Innovana Thinklabs Limited 3.6B 68.0 64.0 64.0 48.0 59 41 1
MPS Infotecnics Limited 2.5B 66.0 67.0 68.0 42.0 57 42 1

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