BSE: 543933 | NSE: CYIENTDLM | Electric Equipment | Small Cap
Past 10 year's financial track record analysis by Moneyworks4me indicates that Cyient DLM Ltd is a average quality company.
The key valuation ratios of Cyient DLM Ltd's currently when compared to its past seem to suggest it is in the Fair zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Cyient DLM Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
| Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % ⓘ | 26.8% | 2% | 7.8% | 2.7% | 6.6% | 4.6% | 13% | 22.7% | 16.9% | 15% | - |
| Value Creation Index ⓘ | 1.0 | -0.9 | -0.4 | -0.8 | -0.5 | -0.7 | 0.0 | 0.7 | 0.2 | 0.1 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | |||||||||||
| Sales ⓘ | 442 | 265 | 345 | 388 | 480 | 457 | 628 | 721 | 832 | 1,192 | 1,330 |
| Sales YoY Gr. | - | -40.1% | 30.5% | 12.3% | 23.9% | -4.9% | 37.4% | 14.7% | 15.5% | 43.3% | - |
| Adj EPS ⓘ | 7.3 | -0 | -1.4 | -3.6 | -0.1 | -2 | 6.6 | 16.1 | 5.7 | 8 | 8.5 |
| YoY Gr. | - | -100.6% | NA | NA | NA | NA | NA | 146% | -64.6% | 40.8% | - |
| BVPS (₹) ⓘ | 19.2 | 16.3 | 16.5 | 14.7 | 14.2 | 10.5 | 15.3 | 31.3 | 37.4 | 114 | 118.2 |
| Adj Net Profit ⓘ | 18 | -0.1 | -3.3 | -8.8 | -0.3 | -5 | 16.1 | 39.7 | 30.2 | 63.7 | 67 |
| Cash Flow from Ops. ⓘ | -5.3 | 1 | 11.8 | -13.5 | 28.9 | 13.3 | 36.9 | 48.5 | 54 | -70.5 | - |
| Debt/CF from Ops. ⓘ | -17.5 | 125.4 | 10.3 | -11.2 | 5.6 | 19.7 | 6.3 | 6 | 5.8 | -1.9 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | 11.7% | 19.9% | 23.8% | 43.3% | ||||
| Adj EPS ⓘ | 1.1% | NA | 7% | 40.8% | ||||
| BVPSⓘ | 21.9% | 51.7% | 95.3% | 204.6% | ||||
| Share Price | - | - | - | -5.1% | ||||
Performance Ratio Colour Code Guide ⓘ
| Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | 40 | -0.3 | -8.3 | -23 | -0.7 | -16.4 | 50.9 | 69.2 | 22 | 11.5 | 7.3 |
| Op. Profit Mgn % ⓘ | 8.3 | 6.3 | 2.3 | 1.1 | 3.9 | 3.6 | 8.3 | 11.7 | 10.6 | 9.3 | 9 |
| Net Profit Mgn % ⓘ | 4.1 | -0 | -1 | -2.3 | -0.1 | -1.1 | 2.6 | 5.5 | 3.6 | 5.4 | 5.1 |
| Debt to Equity ⓘ | 2 | 3.1 | 3 | 4.2 | 4.6 | 10.2 | 6.2 | 3.8 | 1.6 | 0.2 | 0.1 |
| Working Cap Days ⓘ | 123 | 199 | 191 | 228 | 241 | 275 | 219 | 226 | 253 | 227 | 151 |
| Cash Conv. Cycle ⓘ | 54 | 89 | 88 | 112 | 130 | 148 | 97 | 94 | 104 | 95 | 81 |
Sales growth is growing at healthy rate in last 3 years 23.81%
Debt to equity has declined versus last 3 years average to 0.15
Sales growth is good in last 4 quarters at 33.10%
Return on Equity has declined versus last 3 years average to 7.30%
Net Profit has been subdued in last 3 years 7.02%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 8.5 | 7.7 |
| TTM Sales (₹ Cr.) | 1,330 | 1,192 |
| BVPS (₹.) ⓘ | 118.2 | 118.2 |
| Reserves (₹ Cr.) ⓘ | 858 | 858 |
| P/BV ⓘ | 5.39 | 5.39 |
| PE ⓘ | 75.00 | 82.61 |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 580.00 / 882.90 |
| All Time Low / High (₹) | 401.00 / 882.90 |
| Market Cap (₹ Cr.) | 5,055 |
| Equity (₹ Cr.) | 79.3 |
| Face Value (₹) | 10 |
| Industry PE ⓘ | 90.2 |
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 442 | 265 | 345 | 388 | 480 | 457 | 628 | 721 | 832 | 1,192 |
| Operating Expenses ⓘ | 405 | 248 | 337 | 384 | 463 | 443 | 582 | 636 | 745 | 1,084 |
| Manufacturing Costs | 16 | 19 | 12 | 15 | 13 | 7 | 8 | 9 | 13 | 16 |
| Material Costs | 362 | 189 | 274 | 308 | 383 | 365 | 495 | 544 | 645 | 920 |
| Employee Cost | 17 | 28 | 32 | 43 | 46 | 44 | 47 | 52 | 65 | 117 |
| Other Costs ⓘ | 10 | 12 | 19 | 19 | 21 | 27 | 32 | 31 | 22 | 31 |
| Operating Profit ⓘ | 37 | 17 | 8 | 4 | 18 | 14 | 46 | 84 | 87 | 107 |
| Operating Profit Margin (%) | 8.3% | 6.3% | 2.3% | 1.0% | 3.7% | 3.0% | 7.3% | 11.7% | 10.5% | 9.0% |
| Other Income ⓘ | 7 | 3 | 12 | 9 | 3 | 8 | 9 | 8 | 7 | 31 |
| Interest ⓘ | 10 | 13 | 11 | 11 | 14 | 18 | 21 | 22 | 32 | 34 |
| Depreciation ⓘ | 4 | 6 | 7 | 8 | 8 | 11 | 18 | 19 | 19 | 22 |
| Exceptional Items ⓘ | -4 | -11 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax ⓘ | 25 | -10 | 2 | -6 | -1 | -7 | 16 | 51 | 43 | 82 |
| Tax ⓘ | 9 | -3 | 1 | -2 | 0 | -1 | 4 | 11 | 11 | 21 |
| Profit After Tax | 17 | -7 | 1 | -4 | -1 | -7 | 12 | 40 | 32 | 61 |
| PAT Margin (%) | 3.8% | -2.6% | 0.2% | -1.0% | -0.2% | -1.5% | 1.9% | 5.5% | 3.8% | 5.1% |
| Adjusted EPS (₹) | 6.8 | -2.8 | 0.2 | -1.6 | -0.4 | -2.7 | 4.8 | 16.2 | 6.0 | 7.7 |
| Dividend Payout Ratio (%) | 80% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | ||||||||||
| Shareholders Fund | 47 | 40 | 40 | 36 | 35 | 26 | 38 | 77 | 198 | 904 |
| Share Capital ⓘ | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 53 | 79 |
| Reserves ⓘ | 46 | 39 | 39 | 35 | 34 | 24 | 36 | 76 | 145 | 825 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debt | 89 | 121 | 117 | 145 | 157 | 248 | 198 | 293 | 314 | 109 |
| Long Term Debt | 8 | 6 | 6 | 6 | 8 | 65 | 64 | 100 | 100 | 75 |
| Short Term Debt | 81 | 115 | 110 | 139 | 148 | 183 | 134 | 194 | 215 | 34 |
| Trade Payables | 48 | 67 | 96 | 114 | 96 | 105 | 190 | 192 | 285 | 320 |
| Others Liabilities ⓘ | 15 | 23 | 19 | 49 | 174 | 208 | 214 | 210 | 302 | 265 |
| Total Liabilities ⓘ | 200 | 252 | 272 | 344 | 461 | 587 | 640 | 773 | 1,099 | 1,597 |
Fixed Assets | ||||||||||
| Gross Block | 60 | 45 | 87 | 100 | 107 | 178 | 272 | 282 | 267 | 321 |
| Accumulated Depreciation | 31 | 6 | 45 | 51 | 59 | 71 | 86 | 109 | 106 | 129 |
| Net Fixed Assetsⓘ | 28 | 40 | 42 | 48 | 48 | 106 | 186 | 172 | 161 | 192 |
| CWIP ⓘ | 3 | 2 | 0 | 0 | 1 | 77 | 2 | 3 | 1 | 1 |
| Investmentsⓘ | 3 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 90 | 66 |
| Inventories | 59 | 98 | 93 | 122 | 179 | 223 | 155 | 270 | 425 | 464 |
| Trade Receivables | 31 | 66 | 100 | 138 | 120 | 55 | 226 | 152 | 162 | 226 |
| Cash Equivalents | 53 | 34 | 24 | 13 | 60 | 66 | 34 | 122 | 168 | 537 |
| Others Assetsⓘ | 22 | 13 | 13 | 23 | 54 | 60 | 36 | 53 | 93 | 111 |
| Total Assets ⓘ | 200 | 252 | 272 | 344 | 461 | 587 | 640 | 773 | 1,099 | 1,597 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ | -5 | 1 | 12 | -13 | 29 | 13 | 37 | 49 | 54 | -71 |
| PBT ⓘ | 25 | -10 | 2 | -6 | -1 | -7 | 16 | 51 | 43 | 82 |
| Adjustment ⓘ | 12 | 28 | 21 | 24 | 26 | 31 | 41 | 37 | 51 | 34 |
| Changes in Working Capital ⓘ | -32 | -17 | -11 | -31 | 4 | -11 | -20 | -33 | -23 | -168 |
| Tax Paid ⓘ | -10 | 0 | 0 | 0 | 0 | 0 | 0 | -6 | -17 | -20 |
| Cash Flow From Investing Activity ⓘ | -6 | -4 | -9 | -14 | -10 | -83 | -1 | -32 | -142 | -428 |
| Capex | -13 | -6 | -10 | -15 | -12 | -83 | -27 | -8 | -8 | -34 |
| Net Investments | -3 | 0 | 0 | 0 | 0 | 0 | 0 | -25 | -135 | -405 |
| Others ⓘ | 9 | 2 | 1 | 0 | 2 | 0 | 26 | 1 | 0 | 11 |
| Cash Flow From Financing Activityⓘ | -13 | 19 | -16 | 21 | -2 | 70 | -45 | 46 | 72 | 479 |
| Net Proceeds from Shares ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 89 | 700 |
| Net Proceeds from Borrowing ⓘ | 0 | 0 | 0 | 1 | 2 | 66 | 21 | 0 | 0 | 0 |
| Interest Paid ⓘ | -13 | -13 | -11 | -9 | -14 | -20 | -11 | -7 | -20 | -24 |
| Dividend Paid ⓘ | -13 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Others ⓘ | 12 | 32 | -5 | 29 | 11 | 24 | -55 | 53 | 4 | -197 |
| Net Cash Flow ⓘ | -25 | 16 | -13 | -7 | 17 | 0 | -9 | 62 | -16 | -19 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 37.07 | -15.58 | 1.46 | -10.03 | -2.62 | -22.11 | 37.29 | 69.35 | 23.08 | 11.11 |
| ROCE (%) | 26.75 | 1.97 | 7.77 | 2.65 | 6.64 | 4.55 | 13.02 | 22.66 | 16.92 | 14.99 |
| Asset Turnover Ratio | 1.8 | 1.17 | 1.4 | 1.27 | 1.19 | 0.87 | 1.02 | 1.02 | 0.89 | 0.88 |
| PAT to CFO Conversion(x) | -0.29 | N/A | 12 | N/A | N/A | N/A | 3.08 | 1.23 | 1.69 | -1.16 | Working Capital Days |
| Receivable Days | 39 | 67 | 83 | 111 | 98 | 70 | 82 | 96 | 69 | 59 |
| Inventory Days | 69 | 108 | 95 | 101 | 114 | 160 | 110 | 108 | 152 | 136 |
| Payable Days | 57 | 111 | 109 | 125 | 100 | 101 | 109 | 128 | 135 | 120 |
The company was originally incorporated as ‘Rangsons Electronics Private Limited’ at Mysuru, Karnataka as a private limited company under the Companies Act, 1956, pursuant to a certificate of incorporation dated June 30, 1993 issued by the Registrar of Companies, Karnataka at Bengaluru. The name of the company was changed to ‘Cyient DLM Private Limited’ pursuant to a special resolution passed by its Shareholders on December 22, 2016 and a fresh certificate of incorporation pursuant to a change of name dated January 18, 2017 was issued by the Registrar of Companies, Karnataka at Bengaluru. Subsequently, pursuant to a change in its registered office by way of a resolution passed by its Shareholders on August 1, 2019, a certificate of registration of regional director order in relation to the change of State was issued by the RoC on July 3, 2020. The company was converted from a private limited company to a public limited company pursuant to a special resolution passed by its Shareholders on November 25, 2022, and the name of the company was changed to ‘Cyient DLM Limited’. A fresh certificate of incorporation dated December 13, 2022 consequent upon change of name on conversion to a public limited company was issued by the RoC.
Cyient DLM has been a trusted electronics and mechanical manufacturing partner and systems supplier to some of the largest players across multiple industries. As an integrated manufacturing partner that provides Design Led Manufacturing (DLM) solutions to customers, it takes ownership of design, manufacturing, testing, and certification support to ensure that customers' products meet robust standards in reliability, safety, and performance. It has expertise in safety-critical electronics in highly regulated industries. Its engineers have significant design and manufacturing expertise that helps its customers build complex products and achieve faster time-to-market.
It is an integrated Electronic Manufacturing Services (EMS) and solutions provider with a focus on the entire life cycle of a product, including design, build and maintain. its solutions primarily comprise manufacture of: (i) printed circuit board (PCB) assembly (PCBA), (ii) cable harnesses, and (iii) box builds which are used in safety critical systems such as cockpits, inflight systems, landing systems, and medical diagnostic equipment, which it provides to its clients as Build-to-print (B2P) or Build-to-specification (B2S) services. It was incorporated on June 30, 1993 and have many years of experience in developing high mix, low-to-medium volume highly complex systems.
Business area of the company
The company is engaged in providing total electronic manufacturing solutions in the fields of medical, industrial, automotive, telecommunication, defense and aerospace applications and machining of components for aerospace, automotive and defense industries.
Products and Services of the company
Awards, accreditations or recognitions
History and milestone
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Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
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The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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