Company Valuation: Cyient Limited

Data adjusted to current consolidation scope
Fiscal Period: March 2022 2023 2024 2025 2026 2027 2028 2029
Market Cap 1 102,501 109,746 221,070 139,118 82,978 122,147 - -
Change - 7.07% 101.44% -37.07% -40.35% 47.2% - -
Enterprise Value (EV) 1 90,724 113,012 218,353 131,217 72,226 112,355 110,290 107,628
Change - 24.57% 93.21% -39.91% -44.96% 55.56% -1.84% -2.41%
P/E 19.5x 21.2x 32.3x 22.8x 19.5x 19.5x 15.3x 13.2x
PBR 3.29x 3.17x 5.18x 2.64x 1.47x 2.08x 1.94x 1.79x
PEG - -12.14x 1x -2.3x -0.6x 0.4x 0.6x 0.8x
Capitalization / Revenue 2.26x 1.82x 3.09x 1.89x 1.14x 1.34x 1.19x 1.09x
EV / Revenue 2x 1.88x 3.06x 1.78x 0.99x 1.24x 1.08x 0.96x
EV / EBITDA 11.1x 11.3x 16.8x 11.5x 7.93x 9.11x 7.35x 6.53x
EV / EBIT 14.5x 15.1x 21.1x 15x 11.4x 12.6x 10.1x 8.41x
EV / FCF 15.9x 23.2x 34.1x 19.1x 10.5x 95x 18.4x 19.3x
FCF Yield 6.28% 4.3% 2.93% 5.23% 9.55% 1.05% 5.42% 5.19%
Dividend per Share 2 24 26 30 26 16 32.29 37.64 42.63
Rate of return 2.58% 2.62% 1.5% 2.06% 2.13% 2.92% 3.4% 3.86%
EPS 2 47.54 46.71 61.71 55.51 38.54 56.82 72.12 83.53
Distribution rate 50.5% 55.7% 48.6% 46.8% 41.5% 56.8% 52.2% 51%
Net sales 1 45,344 60,159 71,472 73,604 72,682 90,936 102,541 111,627
EBITDA 1 8,178 10,031 13,028 11,433 9,104 12,334 15,008 16,489
EBIT 1 6,256 7,465 10,361 8,761 6,322 8,884 10,897 12,795
Net income 1 5,223 5,144 6,828 6,157 4,279 6,065 7,541 8,644
Net Debt 1 -11,777 3,266 -2,717 -7,901 -10,752 -9,792 -11,857 -14,519
Reference price 2 929.15 992.50 1,993.60 1,264.00 752.80 1,105.50 1,105.50 1,105.50
Nbr of stocks (in thousands) 110,317 110,575 110,890 110,062 110,226 110,490 - -
Announcement Date 4/21/22 4/20/23 4/25/24 4/24/25 4/23/26 - - -
1INR in Million2INR
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
21.86x3.6x12.56x3.04% 210B
22.46x4.73x11.6x0.74% 193B
-602.19x42.83x175.97x-.--% 124B
-134.17x18.65x103.28x-.--% 120B
14.77x1.61x8.44x3.25% 119B
13.47x2.43x9.22x6.1% 78.1B
19.46x5.19x12.74x2.88% 58.18B
-17.53x7.42x12.62x-.--% 49.43B
22.77x1.89x11.94x1.37% 44.75B
Average -71.01x 9.82x 39.82x 1.93% 110.71B
Weighted average by Cap. -78.25x 10.40x 42.93x 1.88%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA



Year-on-year evolution of the Yield