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Cyient DLM Limited
(CYIENTDLM)
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Rating:53Neutral
Price Target:
₹869.00
▲(7.26% Upside)
Action:Reiterated
Date:07/23/26
Overall score is held back primarily by weak and volatile cash conversion and a recent FY2026 revenue/margin reset, despite a materially improved balance sheet. Technically the stock is in a strong uptrend, but overbought readings increase near-term reversal risk. A high P/E further limits the score by leaving little room for execution missteps.
Positive Factors
Improved Balance-Sheet Resilience
Material deleveraging has strengthened financial resilience and reduced the balance-sheet burden relative to equity. This should provide greater flexibility to absorb operating volatility, support customer programs, and fund future opportunities without relying as heavily on external financing.
Negative Factors
Recent Revenue Contraction
The FY2026 revenue decline interrupts the strong expansion recorded from FY2021 through FY2025 and indicates weaker program volumes or demand. If sustained, lower scale can limit operating leverage, slow customer diversification, and make restoring prior growth rates more difficult.
Read all positive and negative factors
Positive Factors
Negative Factors
Improved Balance-Sheet Resilience
Material deleveraging has strengthened financial resilience and reduced the balance-sheet burden relative to equity. This should provide greater flexibility to absorb operating volatility, support customer programs, and fund future opportunities without relying as heavily on external financing.
Read all positive factors
Cyient DLM Limited (CYIENTDLM) vs. iShares MSCI India ETF (INDA)
Market Cap
₹67.97B
Dividend YieldN/A
Average Volume (3M)98.70K
Price to Earnings (P/E)82.7
Beta (1Y)0.93
Revenue Growth-11.90%
EPS Growth26.33%
CountryIN
Employees913
SectorGeneral
Sector StrengthN/A
IndustryHardware, Equipment & Parts
Share Statistics
EPS (TTM)10.29
Shares Outstanding79,383,370
10 Day Avg. Volume133,655
30 Day Avg. Volume98,701
Financial Highlights & Ratios
PEG Ratio3.89
Price to Book (P/B)2.14
Price to Sales (P/S)1.71
P/FCF Ratio222.37
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
₹530.00Price Target Upside-34.58% Downside
Rating ConsensusHold
Number of Analyst Covering1
EPS Forecast (FY)12.26
Revenue Forecast (FY)₹16.32B
Cyient DLM Limited Business Overview & Revenue Model
Company Description
Operating both within India and across global markets, Cyient DLM Limited specializes in delivering comprehensive electronic manufacturing solutions. Its extensive service portfolio encompasses integrated, electronic, mechanical, and additive manu...
How the Company Makes Money
Cyient DLM makes money primarily by delivering design-led electronics manufacturing services to enterprise and OEM customers. Its core revenue stream is the sale of manufacturing and related services for electronic products and subsystems, which c...
Cyient DLM Limited Financial Statement Overview
Summary
Income Statement
62
Positive
Balance Sheet
74
Positive
Cash Flow
38
Negative
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 14.61B | 12.61B | 15.20B | 11.92B | 8.32B | 7.21B |
| Gross Profit | 4.42B | 2.40B | 1.71B | 2.66B | 1.87B | 1.77B |
| EBITDA | 1.79B | 1.27B | 1.63B | 1.39B | 922.34M | 919.91M |
| Net Income | 816.34M | 732.82M | 680.76M | 611.96M | 317.27M | 397.95M |
Balance Sheet | ||||||
| Total Assets | 16.80B | 16.42B | 16.94B | 16.03B | 11.05B | 7.77B |
| Cash, Cash Equivalents and Short-Term Investments | 3.09B | 1.46B | 2.82B | 4.58B | 773.41M | 768.59M |
| Total Debt | 2.11B | 1.72B | 3.01B | 1.92B | 3.56B | 3.37B |
| Total Liabilities | 6.94B | 6.30B | 7.44B | 6.94B | 9.07B | 7.00B |
| Stockholders Equity | 9.86B | 10.12B | 9.49B | 9.09B | 1.98B | 771.12M |
Cash Flow | ||||||
| Free Cash Flow | 1.07B | 97.22M | -2.28B | -1.04B | 445.03M | 401.23M |
| Operating Cash Flow | 1.40B | 543.85M | -623.94M | -705.41M | 521.05M | 485.37M |
| Investing Cash Flow | -2.35M | 1.40B | 1.27B | -4.28B | -1.42B | -324.14M |
| Financing Cash Flow | -1.14B | -1.64B | -587.28M | 4.79B | 721.78M | 460.67M |
Cyient DLM Limited Technical Analysis
Positive
810.20
Price Trends
661.82
Positive
541.75
Positive
455.38
Positive
Market Momentum
55.45
Negative
73.99
Negative
82.01
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:CYIENTDLM, the sentiment is Positive. The current price of 810.2 is above the 20-day moving average (MA) of 766.72, above the 50-day MA of 661.82, and above the 200-day MA of 455.38, indicating a bullish trend. The MACD of 55.45 indicates Negative momentum. The RSI at 73.99 is Negative, neither overbought nor oversold. The STOCH value of 82.01 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:CYIENTDLM.
Cyient DLM Limited Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
69 Neutral | ₹281.33B | 75.80 | ― | 0.10% | 53.03% | 70.86% | |
60 Neutral | ₹146.77B | 109.11 | ― | ― | 44.38% | 65.57% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
55 Neutral | ₹240.65B | 70.16 | ― | ― | 34.85% | 4.08% | |
53 Neutral | ₹67.97B | 82.66 | ― | ― | -11.90% | 26.33% | |
47 Neutral | ₹8.82B | -73.26 | ― | 0.93% | 132.73% | -227.63% | |
43 Neutral | ₹55.63B | 104.76 | ― | 0.13% | -1.41% | 605.33% |
* General Sector Average
IN:CYIENTDLM
Cyient DLM Limited
856.20
390.25
83.75%
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Cyient DLM Limited Corporate Events
Cyient DLM Plans Virtual Investor Meet With Citi on 15 September
Sep 3, 2026
Cyient DLM Limited has informed the stock exchanges that it will participate in an investor and analyst meeting scheduled for 15 September 2026, to be held virtually with Citi between 11:00 a.m. and 12:00 p.m., represented by Chief Financial Offic...
Cyient DLM Plans Analyst Meet With Aditya Birla on September 3
Aug 19, 2026
Cyient DLM Limited has notified the stock exchanges that it will participate in an investor and analyst meeting on September 3, 2026, with Aditya Birla, represented by AVP Suresh Narayan in an in-person and plant visit format. The company emphasiz...
Cyient DLM Plans In-Person Plant Visits for Key Mutual Funds in August 2026
Aug 12, 2026
Cyient DLM Limited will host a series of investor and analyst meetings at its Mysore plant in late August 2026, engaging major domestic mutual funds and institutional investors through in-person sessions and facility visits. The meetings, schedule...
Cyient DLM Posts Q1 FY27 Results, Strengthens Subsidiary Governance
Jul 21, 2026
Cyient DLM Limited’s board has approved the unaudited consolidated and standalone financial results for the quarter ended June 30, 2026, reporting consolidated revenue from operations of ₹3,738 million and net profit of ₹162.85 m...
Cyient DLM Publishes Q1 FY27 Investor Presentation
Jul 21, 2026
Cyient DLM Limited, an electronics manufacturing and engineering solutions provider with a focus on industrial and aerospace segments, maintains a broad operational footprint in India through facilities in Mysore and Hyderabad. The company is acti...
Cyient DLM Calls 33rd AGM and Releases FY 2025-26 Annual Report
Jun 8, 2026
Cyient DLM Limited has released its Annual Report, including the Business Responsibility and Sustainability Report, and issued the notice for its 33rd Annual General Meeting for FY 2025-26. The AGM will be held on June 30, 2026 via video conferenc...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.