Projected Income Statement: Cyient Limited

Forecast Balance Sheet: Cyient Limited

Forecast Balance Sheet - Cyient Limited
Fiscal Period: March 2022 2023 2024 2025 2026 2027 2028 2029
Net Debt 1 -11,777 3,266 -2,717 -7,901 -10,752 4,357 -4,887 -11,696
Change - 127.73% -183.19% -190.8% -36.08% 140.52% -212.16% -139.33%
Announcement Date 4/21/22 4/20/23 4/25/24 4/24/25 4/23/26 - - -
1INR in Million
Estimates

Cash Flow Forecast: Cyient Limited

Fiscal Period: March 2022 2023 2024 2025 2026 2027 2028 2029
CAPEX 1 647 675 853 1,039 979 10,632 3,212 3,326
Change - 4.33% 26.37% 21.81% -5.77% 986.01% -69.79% 3.54%
Free Cash Flow (FCF) 1 5,698 4,864 6,408 6,860 6,895 -6,956 6,307 7,326
Change - -14.64% 31.74% 7.05% 0.51% -200.89% 190.66% 16.17%
Announcement Date 4/21/22 4/20/23 4/25/24 4/24/25 4/23/26 - - -
1INR in Million
Estimates

Forecast Financial Ratios: Cyient Limited

Fiscal Period: March 2022 2023 2024 2025 2026 2027 2028 2029

Profitability

        
EBITDA Margin (%) 18.04% 16.67% 18.23% 15.53% 12.53% 13.95% 14.88% 15.22%
EBIT Margin (%) 13.8% 12.41% 14.5% 11.9% 8.7% 10.38% 11.18% 11.83%
EBT Margin (%) 15.4% 11.32% 12.85% 11.89% 8.87% 9.65% 10.61% 11%
Net margin (%) 11.52% 8.55% 9.55% 8.37% 5.89% 6.1% 7.41% 7.82%
FCF margin (%) 12.57% 8.09% 8.97% 9.32% 9.49% -7.57% 6.04% 6.3%
FCF / Net Income (%) 109.09% 94.56% 93.85% 111.42% 161.14% -123.99% 81.43% 80.53%

Profitability

        
ROA 11.26% - 10.86% 8.38% 5.34% 6.46% 7.98% 14.48%
ROE 17.2% 15.63% 19.05% 12.87% 7.76% 10.38% 13.38% 15.88%

Financial Health

        
Leverage (Debt/EBITDA) - 0.33x - - - 0.34x - -
Debt / Free cash flow - 0.67x - - - -0.63x - -

Capital Intensity

        
CAPEX / Current Assets (%) 1.43% 1.12% 1.19% 1.41% 1.35% 11.57% 3.08% 2.86%
CAPEX / EBITDA (%) 7.91% 6.73% 6.55% 9.09% 10.75% 82.93% 20.67% 18.78%
CAPEX / FCF (%) 11.35% 13.88% 13.31% 15.15% 14.2% -152.84% 50.93% 45.39%

Items per share

        
Cash flow per share 1 - - 65.62 71.22 70.92 120.8 84.92 92.95
Change - - - 8.52% -0.41% 70.37% -29.72% 9.45%
Dividend per Share 1 24 26 30 26 16 28.68 33.44 40.19
Change - 8.33% 15.38% -13.33% -38.46% 79.25% 16.59% 20.19%
Book Value Per Share 1 282.3 313.4 384.8 478.2 511.3 527.5 566.5 603.8
Change - 11.03% 22.78% 24.25% 6.93% 3.17% 7.39% 6.59%
EPS 1 47.54 46.71 61.71 55.51 38.54 55.52 73.31 86.83
Change - -1.75% 32.11% -10.05% -30.57% 44.05% 32.04% 18.45%
Nbr of stocks (in thousands) 110,317 110,575 110,890 110,062 110,226 104,108 104,108 104,108
Announcement Date 4/21/22 4/20/23 4/25/24 4/24/25 4/23/26 - - -
1INR
Estimates
2027 *2028 *
P/E 20.8x 15.8x
PBR 2.19x 2.04x
EV / Sales 1.36x 1.11x
Yield 2.48% 2.89%

EPS & Dividend

EPS & Dividend - Cyient Limited


Y-o-Y evolution of P/E

Valuation ratios - P/E - Cyient Limited
 

Year-on-year evolution of the Yield

Valuation ratios - Yield - Cyient Limited
Trader
Investor
Global
Quality
ESG MSCI
-
MarketScreener Ratings - Cyient Limited
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
21
Last Close Price
1,182.20INR
Average target price
1,218.48INR
Spread / Average Target
+3.07%

Quarterly revenue - Rate of surprise

Rate of surprise - Net sales - Quarterly - Cyient Limited
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