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 82,978 129,622 - -
Change - 7.07% 101.44% -37.07% -40.35% 56.21% - -
Enterprise Value (EV) 1 90,724 113,012 218,353 131,217 72,226 124,469 118,340 114,488
Change - 24.57% 93.21% -39.91% -44.96% 72.33% -4.92% -3.25%
P/E 19.5x 21.2x 32.3x 22.8x 19.5x 20.5x 16.5x 14.9x
PBR 3.29x 3.17x 5.18x 2.64x 1.47x 2.23x 2.07x 1.95x
PEG - -12.14x 1x -2.3x -0.6x 0.4x 0.7x 1.3x
Capitalization / Revenue 2.26x 1.82x 3.09x 1.89x 1.14x 1.53x 1.4x 1.27x
EV / Revenue 2x 1.88x 3.06x 1.78x 0.99x 1.47x 1.28x 1.12x
EV / EBITDA 11.1x 11.3x 16.8x 11.5x 7.93x 10.6x 8.77x 7.64x
EV / EBIT 14.5x 15.1x 21.1x 15x 11.4x 14.3x 11.3x 9.66x
EV / FCF 15.9x 23.2x 34.1x 19.1x 10.5x 30.1x 17.2x 14.2x
FCF Yield 6.28% 4.3% 2.93% 5.23% 9.55% 3.32% 5.81% 7.07%
Dividend per Share 2 24 26 30 26 16 32.21 37.44 42.19
Rate of return 2.58% 2.62% 1.5% 2.06% 2.13% 2.75% 3.19% 3.6%
EPS 2 47.54 46.71 61.71 55.51 38.54 57.1 70.89 78.78
Distribution rate 50.5% 55.7% 48.6% 46.8% 41.5% 56.4% 52.8% 53.6%
Net sales 1 45,344 60,159 71,472 73,604 72,682 84,930 92,448 102,205
EBITDA 1 8,178 10,031 13,028 11,433 9,104 11,709 13,495 14,979
EBIT 1 6,256 7,465 10,361 8,761 6,322 8,714 10,443 11,856
Net income 1 5,223 5,144 6,828 6,157 4,279 6,258 7,654 8,461
Net Debt 1 -11,777 3,266 -2,717 -7,901 -10,752 -5,153 -11,282 -15,134
Reference price 2 929.15 992.50 1,993.60 1,264.00 752.80 1,173.15 1,173.15 1,173.15
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.($)
23.13x3.77x13.16x2.87% 222B
14.09x1.55x8.16x3.41% 116B
-114.74x18.24x105.52x-.--% 114B
15.17x2.77x10.47x5.42% 88.66B
20.92x5.47x13.43x2.72% 63.28B
14.99x2.19x9.28x5.2% 48.47B
22.03x1.81x11.13x1.37% 42.34B
21.31x1.62x10.27x0.87% 40.69B
18.17x2.3x11.01x4.81% 37.26B
Average 3.90x 4.41x 21.38x 2.96% 85.82B
Weighted average by Cap. -0.52x 5.20x 25.11x 2.86%

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