Cyient Limited (CYIENT)
Large CapIT stocks · Large cap · NSE
Cyient is a global lifecycle engineering company powering mission-critical industries from design to aftermarket across products, plants, and networks. With 300+ customers and 15,000+ associates across 30+ countries, it combines human expertise, deep domain knowledge, and AI to deliver intelligent engineering solutions.
One read, four checks
75+ is strong, 60-74 is usable, 45-59 is mixed, and below 45 needs caution. These are research lenses, not buy/sell instructions.
Weak fundamentals, while price trend supports entry. This looks more like momentum/speculation than a clean fundamental investment setup.
Fundamental lens: valuation, quality, growth, balance sheet, and cash flow.
high confidence · 16/28 claims checked
Timing lens: price trend and sector relative strength.
Rolling lens: recent quarterly delivery, not the latest single-result score.
Quarter ended 30 Jun 2026
Bad · 2/100PAT -31% YoY · margin compression · Rev +21% YoY · +8% QoQ
| Metric | This quarter | YoY | QoQ |
|---|---|---|---|
| Revenue | ₹2,076 Cr | +21.3% | +7.7% |
| EBITDA | ₹263 Cr | +15.4% | +18.5% |
| Operating margin | 13.0% | +0 bps | +100 bps |
| PAT | ₹109 Cr | -30.6% | +65.2% |
| PAT margin | 5.3% | -392 bps | +182 bps |
NDF means not disclosed in the current structured filing feed. It is intentionally not treated as zero.
Business & thesis
Growth engines, tailwinds/headwinds, and risk radar from management commentary
Business & thesis
Growth engines, tailwinds/headwinds, and risk radar from management commentary
Where growth can come from, and what can break the case
Cyient Group reports strong Q1 FY27 revenue growth YoY, driven by Semiconductors and Kinetic integration. DET business saw slight degrowth QoQ/YoY in cc terms but improved EBIT margins. Group achieved highest-ever order book with 1.5X Book to Bill. Strategic financing secured for Semiconductors.
Group revenue growth and order momentum are strong, supported by strategic acquisitions and new product launches in Semiconductors. DET's stable performance with margin expansion and healthy order intake reinforces the overall positive trajectory. Management's confidence in long-term value is noted.
Revenue by Geography (DET)
Latest issuer-disclosed distribution across 3 reported categories.
Cyient Semiconductors
delivered a strong quarter, with our core business marking its 5th consecutive quarter of organic growth above 5% QoQ
Kinetic Technologies Integration
Integration progressing well across all key workstreams. Early momentum across the combined business is strong
Transportation & Mobility
delivered its fifth straight quarter of growth
Large Deal Engine
Our large-deal engine is building real momentum, with the highest pipeline in last 12 quarters.
GaN Power IC Family Launch
Launched India’s First GaN Power IC Family, Advancing India’s Power Semiconductor Ecosystem
Strategic Financing for Semiconductors
Secured growth capital commitment from EAAA India Alternatives Ltd ($30Mn capital... at a post-money valuation of $500 Mn) to invest in growth, scale capabilities in power semiconductors
Acquisition of TAO Digital Solutions
announced our agreement to acquire TAO Digital Solutions. It brings us real strength in data and software engineering
Demand for high-efficiency power solutions
growing demand for high-efficiency, high-power-density solutions across AI data centers, telecom, industrial power systems, and e-mobility platforms
Expanding pipeline in power semiconductors
capitalize on a rapidly expanding pipeline
Lifecycle engineering market opportunity
focusing on our lifecycle engineering capabilities, which opens up a far larger market for us.
Management accountability
What management said, and what results must prove
Management accountability
What management said, and what results must prove
What management said, and what results must prove
Issuer guidance and extracted claims are tracked against later reported outcomes. Treat these as management statements, not IndiaPulse forecasts.
YoY comparison is crucial for assessing overall business growth and the impact of strategic initiatives over a longer period. QoQ comparison is important for tracking sequential momentum, especially in the DET business units and the integration progress of acquisitions like Kinetic.
Group Operating Revenue ($)
219M$
Group Operating Revenue (cc YoY)
+9.1% cc YoY
DET Operating Revenue ($)
162.5M$
DET Operating Revenue (cc YoY)
-0.9% cc YoY
Confidence in scalable operating model
confident that our scalable operating model and the depth of our leadership team will continue to drive sustainable growth, balance-sheet discipline, and long-term shareholder value creation.
AI adoption strategy
AI is only worth something when the people shaping it truly understand the domain. That belief is what carries us across the lifecycle
Strengthened balance sheet
With a strengthened balance sheet, a maturing pipeline, and strong momentum across all segments
Numbers and claims to verify in the next filings
| Checkpoint | Current evidence | What to verify next |
|---|---|---|
| Group Revenue Growth (cc) | +9.1% YoY | Sustained double-digit growth. |
| Group Book to Bill Ratio | 1.5X | Maintenance above 1.0X for future revenue visibility. |
| DET EBIT Margin | 13.2% | Continued expansion through operational excellence. |
| Semiconductors Organic Growth | 5th consecutive quarter >5% QoQ | Continued sequential growth and profitability improvement. |
Verification checkpoints are IndiaPulse research interpretation, not investment advice.
Show extracted source claims
The acquisition of Kinetic Technologies is expected to be EPS accretive from year two and EBIT accretive from year one (FY27).
Outcome check: OPM moved from 13.0% to average 12.0% (-1.0 pp).
The company committed to delivering flat EBIT for the organic business by the end of next year.
Outcome check: OPM moved from 13.0% to average 12.0% (-1.0 pp).
At an EBIT margin level, the acquired business will be a few percentage points higher than the services business in the medium term.
Outcome check: OPM moved from 13.0% to average 12.0% (-1.0 pp).
The acquired business is expected to achieve mid 45% to 50% gross margins next year.
Outcome check: OPM moved from 13.0% to average 12.0% (-1.0 pp).
Kinetic Technologies is expected to deliver around 15% to 20% revenue growth consistently year-over-year.
Outcome check: Revenue YoY averaged 0.9% across 1 later quarter(s).
The company maintains a clear line of sight for revenue and margin expansion.
Outcome check: OPM moved from 13.0% to average 12.0% (-1.0 pp).
Trend score and candlestick chart
66BullishSMA20 +14.5% / mo · MACD +
Technical chart
CYIENTdaily · 1Y · AUTO+24.4%Daily technical trend read
Mixed signalsSignals are conflicting — long-term uptrend intact. RSI 70. Wait for confirmation.
- Price above SMA200 (long-term uptrend) but mid-term MAs not aligned.
- SMA20 rising (~12.7% over last month) — short-term momentum positive.
- RSI(14) at 70 — falling, no extreme reading.
- MACD above signal but histogram contracting — bullish momentum cooling.
- 14% off 52W high · 47% above 52W low.
Mechanical read from the price + indicator series above. Not a recommendation — technical setups can reverse without warning, especially around earnings and macro events.
Relative Strength & Trend Stage
- 13.4% below the 52-week closing high after prior strength.
- The 30-week proxy has stalled (-2.4% over 20 sessions).
- Price has not yet confirmed a full Stage 4 downtrend.
Valuation & score drivers
U-Score 35 · WATCHLIST · pillar breakdown, sector model, fair-value anchor
Valuation & score drivers
U-Score 35 · WATCHLIST · pillar breakdown, sector model, fair-value anchor
Fundamental score breakdown
WATCHLISTWhy this score?
Top U-Score contributors and drags from the latest stored fundamentals.
Positive drivers
- FCF yield is supportive at 7.7%.
- Piotroski is strong at 8/9.
- Cash flow contributes 10/10 to the score.
Main drags
- Fair-value margin of safety is negative at -162.7%.
- Quality is weaker at 0/20; verify the latest quarterly trend.
- Valuation is weaker at 2/30; verify the latest quarterly trend.
Execution business valuation: EV/EBITDA plus order and working-capital risk
Capital-intensive execution stories need cash-flow and balance-sheet checks alongside valuation.
Stored run vs live recompute
This shows the stored score trend when snapshots exist, and also compares the latest stored nightly score with a live recompute from current fundamentals and price.
Score history
12 stored score snapshots. Latest stored move: -1 points.
Factor attribution
Modelled fair value
Trust score
Does management behaviour match later outcomes? Claim delivery, forensic breakdown, evidence depth
Trust score
Does management behaviour match later outcomes? Claim delivery, forensic breakdown, evidence depth
Trust asks: does management behaviour match later outcomes? Higher is better, but confidence and evidence depth matter as much as the number.
Mixed Trust: Management has 50% delivered/partly-delivered outcomes on 16 checked claims, with 8 adverse claim outcomes. It ranks around the 28th percentile of the scored universe and 26th percentile within IT. Main check: results consistency is weak at 35/100.
Healthy Trust: 16/28 extracted management claims have outcome checks; 31% were fully delivered and 3 were partially delivered. 8 claim(s) were contradicted or failed. Key concern: 8/16 matched management claims were contradicted or failed.
Usable, but needs evidence. Treat guidance with a margin of safety.
overall median 67 · IT: 26th pctile, median 69 · Large: 17th pctile, median 73
16/28 claims have outcome checks.
16/28 claims checked · 8 contradicted/failed claims
How to read this Trust Score
Mixed Trust · high confidenceRead Trust alongside U-Score, result consistency, and technical trend. A cheap stock with weak Trust needs a larger margin of safety; a high Trust score does not make an expensive stock attractive by itself.
Forensic breakdown
Read low sub-scores as due-diligence warnings, not automatic sell signals.
Trust positives
- ▸Promoter pledge is zero.
- ▸Promoter holding increased 1.4%.
- ▸FCF yield is 7.7%.
- ▸10 years of positive FCF.
Trust risks
- ▸2 latest quarters had PAT decline worse than 25% YoY.
- ▸8/16 matched management claims were contradicted or failed.
- ▸Promoter holding is only 24.7%.
- ▸ROCE trend is -4.7%.
Financials
Full fundamentals table and 10-year revenue / profit / ROE history
Financials
Full fundamentals table and 10-year revenue / profit / ROE history
Fundamentals
Valuation
- P/E
- 30.00
- P/B
- 2.16
- EV/EBITDA
- 10.38
- Market Cap
- 12247.00Cr
Profitability
- ROE
- 8.61%
- ROCE
- 12.30%
- ROA
- 5.02%
- Dividend Y
- 1.45%
Growth (CAGR)
- Revenue 5Y
- 12.00%
- EPS 5Y
- 5.00%
- Revenue 3Y
- 7.00%
- EPS 3Y
- -5.00%
Balance Sheet
- Debt/Equity
- 0.08
- Interest Coverage
- 14.15×
- Altman Z
- 5.36
- Book Value
- 511.00
Cash Flow
- FCF Yield
- 7.72%
- FCF Positive Y
- 10/5
- OCF
- 787.00 Cr
- EPS TTM
- 34.04
Shareholding
- Promoter Hold
- 24.70%
- Promoter Pledge
- 0.00%
- Momentum 52W
- 66%
Financial History
Updated 5/9/2026
Revenue
₹ CrNet Profit
₹ CrReturn on Equity
%Peers
Business-comparable names in IT, ranked by similarity
Peers
Business-comparable names in IT, ranked by similarity
Peers
Business-comparable peers in IT — ranked by industry, sub-sector, theme-tag overlap, market cap, and U-Score similarity. Green cells mark the best available peer metric in this table.