NSE: CYIENT | BSE: 532175

Mid-range Performer

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1304.30 10.90 (0.84%)

39.54% Fall from 52W High

387.1K NSE+BSE Volume

NSE 16 May, 2025 3:31 PM (IST)

14,482.3

Market Cap

High in industry

1.1

Beta 1Year

High Volatility

Cyient Ltd. share price target and research reports

Latest analyst research reports with target prices and PDF download for CYIENT, BSE:532175 Cyient Ltd.

Cyient Ltd.

18 Jan 2019

1304.30

0.84%

Cyient (3QFY19): Minor blip, recovery ahead. Maintain BUY

Buy: Cyient Ltd.

Target

HDFC Securities

Maintain BUY with a TP to Rs 790, implying 16x Dec-20 earnings. Cyient delivered weak performance in 3QFY19 on revenue front while margin expansion was a positive. Revenue at USD 165.1mn was down 2.2% QoQ, -1.5% in CC (vs our est. of USD 168.1mn). Services (88% of rev, -0.2% QoQ CC) growth was below expectation while DLM (12% of rev, -10.3% QoQ) fall was less than expected. Aerospace & Defence (34.3% of rev, +0.5% QoQ) has been stable in a seasonally weak quarter.

Cyient Ltd. has gained 10.61% in the last 1 Week

Cyient Ltd.

18 Jan 2019

1304.30

0.84%

Cyient Q3FY19 Result Review

Buy: Cyient Ltd.

Target

IDBI Capital

Q3FY19 consolidated revenue (-2.2% QoQ in US$) was in-line with our forecast. However, services revenue decline of 1% QoQ was a miss. While EBIT margin improvement of +100bps QoQ to 14.7% was a beat to our forecast, EPS (-28% QoQ) was a miss impacted by FX loss and no export incentives. CYL has cut its FY19 services revenue growth guidance to 8.5%-9.5% in CC vs. doubledigit growth earlier and now expects consolidated EBITDA margin to remain flat YoY vs. +50bps earlier mainly on account of recent INR appreciation. CYL confirmed that the board would reconsider share buyback in the next few weeks itself. We cut our consolidated revenue forecast for FY19/20 by 2%/5.6% and EPS by...

Number of FII/FPI investors decreased from 303 to 257 in Mar 2025 qtr

Cyient Ltd.

18 Jan 2019

1304.30

0.84%

Cyient Ltd

Buy: Cyient Ltd.

Recommendation Target

ICICI Securities Limited

US$ revenues declined 2.3% QoQ to $165.1 million (below our estimate of $167.5 million) mainly led by 1.0% QoQ decline in services revenues and 0.5% QoQ decline in the Design Led Manufacturing (DLM) business (Rangsons) revenues...

Cyient Ltd. is trading below its 100 day SMA of 1419.7

Cyient Ltd.

17 Jan 2019

1304.30

0.84%

Tepid growth in Services drives moderation in outlook

Neutral: Cyient Ltd.

Target

Motilal Oswal

17 January 2019 CYLs 3QFY19 USD revenue decline of 2.1% QoQ was largely in line with our estimate. In Services, revenue declined 0.2% QoQ CC, in line with our flattish growth expectation. EBITDA margin expanded 100bp QoQ to 15.7% (90bp beat) as a result of higher operational efficiency and lower SG&A; costs (20.3% v/s our estimate of 21.2%). PAT declined 27% QoQ to INR921m, led by higher-than-expected forex losses. revenue was anticipated on account of seasonality, the 3.3% decline in Communication was a surprise. YoY growth is now down to 6.5% (the segment grew 24% last year), led by a large contract getting pushed to 4Q. back of a tepid 3Q with flattish Services revenues, CYL moderated its Services revenue growth guidance to 8.5-9.

Cyient Ltd. has lost -27.60% in the last 6 Months

Cyient Ltd.

22 Oct 2018

1304.30

0.84%

Cyient

Buy: Cyient Ltd.

Kotak Securities

Cyient 2QFY19 revenue grew by 5.1% QoQ in USD term to USD 169mn ahead of our estimate of USD 166.4mn. Services grew by 2.3% QoQ and DLM revenue grew by ~27% sequentially in USD terms. EBITDA margin expanded...

Cyient Ltd. is trading below its 100 day SMA of 1419.7

Cyient Ltd.

19 Oct 2018

1304.30

0.84%

Cyient Ltd

Hold: Cyient Ltd.

Target

ICICI Securities Limited

ICICI Securities Ltd | Retail Equity Research US$ revenues grew 5% QoQ to $168.9 million, in-line with our $169.2 million and 5.2% QoQ growth estimate. Revenues in constant currency grew 6.5% sequentially Revenues in rupees grew 9.9% QoQ to | 1,187 crore EBITDA margins expanded by 150 bps QoQ to 13.7% and were way above our 70 bps expansion and 12.9% estimate. Margin expansion was mainly due to rupee depreciation (+80 bps), utilization &...

Cyient Ltd. is trading below its 100 day SMA of 1419.7

Cyient Ltd.

19 Oct 2018

1304.30

0.84%

Result Review of Cyient

Buy: Cyient Ltd.

IDBI Capital

Q2FY19 revenue growth of 5% QoQ in US$ was in-line with our forecast of +4.6%, despite a slight miss as regards services revenue growth. EBIT margin of 11.3%, +170bps QoQ was a beat to our forecast. Further, export incentives aided other income resulting...

Cyient Ltd. has lost -27.60% in the last 6 Months

Cyient Ltd.

18 Oct 2018

1304.30

0.84%

Cyient (2QFY19): Growth levers on track. Maintain BUY

Buy: Cyient Ltd.

Target

HDFC Securities

Maintain BUY with a TP to Rs 850, implying 16x Sep-20 earnings. Cyient delivered strong performance in 2QFY19, both on the revenue and margin front. Revenue at USD 168.9mn was up 5.0% QoQ and 6.5% CC (higher than our est. of USD 166.6mn) led by strong DLM (14% of rev, +27% QoQ). Services (86% of rev, +3.5% QoQ CC) growth was in-line with expectations. Communication (+4.5% CQGR) & Transportation (+6.0% CQGR) are fueling growth while the largest vertical, Aerospace & Defence (+1.7%) growth will pick-up from 4QFY19E.

Cyient Ltd. has lost -25.61% in the last 1 Year

Cyient Ltd.

17 Oct 2018

1304.30

0.84%

In-line services growth, but softening organically

Neutral: Cyient Ltd.

Target

Motilal Oswal

17 October 2018 Revenue growth of 5.1 % QoQ was better than our estimate, primarily due to the beat in the Design-Led Manufacturing (DLM) business. In Services, revenue growth of 3.5 % QoQ CC was in line with our estimate of 3.8 %. EBITDA margin expanded 150bp QoQ to 13.7 % (50bp beat), as the impact of wage hike was more than offset by currency tailwinds and efficiencies. PAT grew 54 % QoQ to INR1.27b (largely in-line). In Services, CYL clocked 10.2 % YoY CC growth in 2Q. However, this included revenue from AnSem, excluding which, growth would have been lower by 2pp, marking deceleration from 11.7 % YoY CC growth in FY18. Achievement of double-digit growth in FY19 is contingent on continued momentum in 2H, but would still reflect a slowdown on an organic basis. Earlier in the year, CYL alluded to 100bp investments in the New Business Accelerator (NBA) program, which would keep margins flat in FY19.

Cyient Ltd. has gained 10.61% in the last 1 Week

Is Cyient Ltd. worth buying?

518 Votes:

Buy 81.47%

Sell 12.55%

Hold 5.98%

RESEARCH REPORTS

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