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Cyient

BSE:532175
Snowflake Description

Excellent balance sheet established dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
532175
BSE
₹49B
Market Cap
  1. Home
  2. IN
  3. Software
Company description

Cyient Limited provides geospatial, engineering design, information technology (IT) solutions, and data analytic services in North America, Europe, and the Asia Pacific. The last earnings update was 35 days ago. More info.


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532175 Share Price and Events
7 Day Returns
-3.8%
BSE:532175
-2.5%
IN Software
-0.6%
IN Market
1 Year Returns
-27.3%
BSE:532175
-16.6%
IN Software
11.1%
IN Market
532175 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Cyient (532175) -3.8% -5.1% 11.7% -27.3% -7.1% -19.9%
IN Software -2.5% -3% 0.1% -16.6% -21.6% -14.8%
IN Market -0.6% -0.5% 3% 11.1% 18% 25.7%
1 Year Return vs Industry and Market
  • 532175 underperformed the Software industry which returned -16.6% over the past year.
  • 532175 underperformed the Market in India which returned 11.1% over the past year.
Price Volatility
532175
Industry
5yr Volatility vs Market

Value

 Is Cyient undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Cyient to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Cyient.

BSE:532175 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 19 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 15.3%
Perpetual Growth Rate 10-Year IN Government Bond Rate 6.5%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for BSE:532175
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year IN Govt Bond Rate 6.5%
Equity Risk Premium S&P Global 7.9%
Software Unlevered Beta Simply Wall St/ S&P Global 1.08
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.084 (1 + (1- 35%) (12.95%))
1.117
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.12
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 6.48% + (1.117 * 7.85%)
15.25%

Discounted Cash Flow Calculation for BSE:532175 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Cyient is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

Note: Free cash flow to equity valuations ignore the company's cash or debt.

BSE:532175 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (INR, Millions) Source Present Value
Discounted (@ 15.25%)
2020 2,632.40 Analyst x7 2,284.08
2021 4,058.24 Analyst x11 3,055.31
2022 4,350.15 Analyst x11 2,841.72
2023 4,679.36 Est @ 7.57% 2,652.30
2024 5,018.21 Est @ 7.24% 2,467.99
2025 5,370.13 Est @ 7.01% 2,291.60
2026 5,738.15 Est @ 6.85% 2,124.64
2027 6,124.97 Est @ 6.74% 1,967.78
2028 6,533.06 Est @ 6.66% 1,821.16
2029 6,964.77 Est @ 6.61% 1,684.60
Present value of next 10 years cash flows ₹23,191.00
BSE:532175 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= ₹6,964.77 × (1 + 6.48%) ÷ (15.25% – 6.48%)
₹84,561.79
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= ₹84,561.79 ÷ (1 + 15.25%)10
₹20,453.34
BSE:532175 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= ₹23,191.00 + ₹20,453.34
₹43,644.34
Equity Value per Share
(INR)
= Total value / Shares Outstanding
= ₹43,644.34 / 109.97
₹396.87
BSE:532175 Discount to Share Price
Calculation Result
Value per share (INR) From above. ₹396.87
Current discount Discount to share price of ₹438.30
= -1 x (₹438.30 - ₹396.87) / ₹396.87
-10.4%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Cyient is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Cyient's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Cyient's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
BSE:532175 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in INR ₹42.86
BSE:532175 Share Price ** BSE (2020-02-20) in INR ₹438.3
India Software Industry PE Ratio Median Figure of 44 Publicly-Listed Software Companies 11.71x
India Market PE Ratio Median Figure of 2,610 Publicly-Listed Companies 13.26x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Cyient.

BSE:532175 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= BSE:532175 Share Price ÷ EPS (both in INR)

= 438.3 ÷ 42.86

10.23x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Cyient is good value based on earnings compared to the IN Software industry average.
  • Cyient is good value based on earnings compared to the India market.
Price based on expected Growth
Does Cyient's expected growth come at a high price?
Raw Data
BSE:532175 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 10.23x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 19 Analysts
11.7%per year
India Software Industry PEG Ratio Median Figure of 11 Publicly-Listed Software Companies 0.88x
India Market PEG Ratio Median Figure of 409 Publicly-Listed Companies 1.25x

*Line of best fit is calculated by linear regression .

BSE:532175 PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 10.23x ÷ 11.7%

0.87x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Cyient is good value based on expected growth next year.
Price based on value of assets
What value do investors place on Cyient's assets?
Raw Data
BSE:532175 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in INR ₹234.34
BSE:532175 Share Price * BSE (2020-02-20) in INR ₹438.3
India Software Industry PB Ratio Median Figure of 66 Publicly-Listed Software Companies 0.93x
India Market PB Ratio Median Figure of 3,604 Publicly-Listed Companies 0.85x
BSE:532175 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= BSE:532175 Share Price ÷ Book Value per Share (both in INR)

= 438.3 ÷ 234.34

1.87x

* Primary Listing of Cyient.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Cyient is overvalued based on assets compared to the IN Software industry average.
X
Value checks
We assess Cyient's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Software industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Software industry average (and greater than 0)? (1 check)
  5. Cyient has a total score of 3/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Cyient expected to perform in the next 1 to 3 years based on estimates from 19 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
11.7%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Cyient expected to grow at an attractive rate?
  • Cyient's earnings growth is expected to exceed the low risk savings rate of 6.5%.
Growth vs Market Checks
  • Cyient's earnings growth is positive but not above the India market average.
  • Cyient's revenue growth is positive but not above the India market average.
Annual Growth Rates Comparison
Raw Data
BSE:532175 Future Growth Rates Data Sources
Data Point Source Value (per year)
BSE:532175 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 19 Analysts 11.7%
BSE:532175 Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 19 Analysts 7.5%
India Software Industry Earnings Growth Rate Market Cap Weighted Average 15.8%
India Software Industry Revenue Growth Rate Market Cap Weighted Average 8%
India Market Earnings Growth Rate Market Cap Weighted Average 21.5%
India Market Revenue Growth Rate Market Cap Weighted Average 9%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
BSE:532175 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 19 Analyst Estimates (S&P Global) See Below
All numbers in INR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
BSE:532175 Future Estimates Data
Date (Data in INR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2022-03-31 52,235 6,183 5,428 16
2021-03-31 48,504 5,737 4,902 18
2020-03-31 45,046 5,501 4,249 16
2020-02-20
BSE:532175 Past Financials Data
Date (Data in INR Millions) Revenue Cash Flow Net Income *
2019-12-31 45,167 4,739
2019-09-30 45,985 3,793 4,579
2019-06-30 46,265 4,865
2019-03-31 46,175 3,701 4,785
2018-12-31 45,164 4,203
2018-09-30 43,120 4,158
2018-06-30 40,869 2,760 4,001
2018-03-31 39,139 2,963 4,054
2017-12-31 37,767 3,653
2017-09-30 37,104 3,717
2017-06-30 36,586 3,576
2017-03-31 35,858 4,199 3,438

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Cyient's earnings are expected to grow by 11.7% yearly, however this is not considered high growth (20% yearly).
  • Cyient's revenue is expected to grow by 7.5% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
BSE:532175 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 19 Analyst Estimates (S&P Global) See Below

All data from Cyient Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BSE:532175 Future Estimates Data
Date (Data in INR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2022-03-31 49.31 60.00 41.00 15.00
2021-03-31 44.55 50.90 35.60 17.00
2020-03-31 38.61 40.58 35.90 16.00
2020-02-20
BSE:532175 Past Financials Data
Date (Data in INR Millions) EPS *
2019-12-31 42.86
2019-09-30 41.12
2019-06-30 43.41
2019-03-31 42.42
2018-12-31 37.25
2018-09-30 36.88
2018-06-30 35.50
2018-03-31 36.01
2017-12-31 32.45
2017-09-30 33.04
2017-06-30 31.77
2017-03-31 30.55

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Cyient is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Cyient's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the India market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the India market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Cyient has a total score of 1/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Cyient performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Cyient's growth in the last year to its industry (Software).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Cyient's year on year earnings growth rate has been positive over the past 5 years.
  • Cyient's 1-year earnings growth exceeds its 5-year average (12.8% vs 7.7%)
  • Cyient's earnings growth has exceeded the IN Software industry average in the past year (12.8% vs -5.4%).
Earnings and Revenue History
Cyient's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Cyient Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BSE:532175 Past Revenue, Cash Flow and Net Income Data
Date (Data in INR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 45,167.00 4,739.00 1,312.00
2019-09-30 45,985.00 4,579.00 1,312.00
2019-06-30 46,265.00 4,865.00 1,312.00
2019-03-31 46,175.00 4,785.00 1,312.00
2018-12-31 45,164.00 4,203.00 1,155.00
2018-09-30 43,120.00 4,158.00 1,155.00
2018-06-30 40,869.00 4,001.00 1,532.00
2018-03-31 39,139.00 4,054.00 1,155.00
2017-12-31 37,767.00 3,653.00 -483.00
2017-09-30 37,104.00 3,717.00 -670.00
2017-06-30 36,586.00 3,576.00 1,019.00
2017-03-31 35,858.00 3,438.00 1,019.00
2016-12-31 34,770.80 3,333.00 1,428.00
2016-09-30 33,416.50 3,218.00 1,168.00
2016-06-30 32,003.70 3,246.50 1,293.20
2016-03-31 30,941.00 3,255.00 777.00
2015-12-31 30,083.53 3,513.94 9,471.77
2015-09-30 29,384.93 3,695.14 8,140.17
2015-06-30 28,400.33 3,602.94 4,208.29
2015-03-31 27,359.33 3,532.04 5,431.07
2014-12-31 26,007.53 3,293.42 2,561.79
2014-09-30 24,672.93 2,979.12 2,556.79
2014-06-30 23,442.03 2,802.02 2,518.59
2014-03-31 22,064.33 2,660.02 2,395.39
2013-12-31 20,760.23 2,503.79 2,073.19
2013-09-30 19,727.93 2,428.19 2,021.19
2013-06-30 19,006.13 2,206.59 2,018.49
2013-03-31 18,730.63 2,310.59 2,039.09

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Cyient has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Cyient used its assets more efficiently than the IN Software industry average last year based on Return on Assets.
  • Cyient's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Cyient's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Software industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Cyient has a total score of 4/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Cyient's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Cyient's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Cyient is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Cyient's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Cyient's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 7.7x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Cyient Company Filings, last reported 1 month ago.

BSE:532175 Past Debt and Equity Data
Date (Data in INR Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 25,756.00 6,320.00 13,183.00
2019-09-30 25,756.00 3,251.00 13,183.00
2019-06-30 25,622.00 3,684.00 9,350.00
2019-03-31 25,622.00 3,684.00 9,350.00
2018-12-31 25,214.00 3,631.00 15,751.00
2018-09-30 25,214.00 3,631.00 15,751.00
2018-06-30 24,410.00 4,287.00 10,999.00
2018-03-31 23,442.00 2,832.00 10,733.00
2017-12-31 22,624.00 1,963.00 10,770.00
2017-09-30 22,265.00 1,801.00 9,867.00
2017-06-30 21,199.00 2,114.00 9,706.00
2017-03-31 21,199.00 2,114.00 9,495.00
2016-12-31 20,886.00 1,520.00 8,627.00
2016-09-30 20,553.00 1,608.00 8,068.00
2016-06-30 19,909.00 1,814.00 8,026.00
2016-03-31 18,372.00 2,143.00 7,739.00
2015-12-31
2015-09-30 18,564.30 2,025.10 6,537.00
2015-06-30 17,681.80 1,934.40 6,637.30
2015-03-31 18,562.92 1,473.66 6,564.58
2014-12-31 17,192.40 424.10 7,184.20
2014-09-30 17,192.40 424.10 7,184.20
2014-06-30 15,884.70 58.18 7,313.06
2014-03-31 15,884.70 58.18 7,313.06
2013-12-31 14,461.00 2.80 6,130.70
2013-09-30 14,461.00 2.80 6,130.70
2013-06-30 13,225.45 3.20 5,593.28
2013-03-31 13,225.45 3.20 5,593.28
  • Cyient's level of debt (12.6%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (2.5% vs 12.6% today).
  • Debt is well covered by operating cash flow (116.7%, greater than 20% of total debt).
  • Cyient earns more interest than it pays, coverage of interest payments is not a concern.
X
Financial health checks
We assess Cyient's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Cyient has a total score of 5/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Cyient's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
3.42%
Current annual income from Cyient dividends. Estimated to be 4.08% next year.
If you bought ₹2,000 of Cyient shares you are expected to receive ₹68 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Cyient's pays a higher dividend yield than the bottom 25% of dividend payers in India (0.59%).
  • Cyient's dividend is above the markets top 25% of dividend payers in India (2.55%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
BSE:532175 Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 19 Analyst Estimates (S&P Global) See Below
India Software Industry Average Dividend Yield Market Cap Weighted Average of 22 Stocks 2%
India Market Average Dividend Yield Market Cap Weighted Average of 1402 Stocks 1.4%
India Minimum Threshold Dividend Yield 10th Percentile 0.3%
India Bottom 25% Dividend Yield 25th Percentile 0.6%
India Top 25% Dividend Yield 75th Percentile 2.6%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

BSE:532175 Future Dividends Estimate Data
Date (Data in ₹) Dividend per Share (annual) Avg. No. Analysts
2022-03-31 20.06 13.00
2021-03-31 18.27 14.00
2020-03-31 15.26 13.00
2020-02-20
BSE:532175 Past Annualized Dividends Data
Date (Data in ₹) Dividend per share (annual) Avg. Yield (%)
2019-10-17 15.000 3.526
2019-05-15 15.000 3.076
2018-10-17 14.000 2.274
2018-04-19 13.000 1.777
2017-10-12 10.000 1.683
2017-06-27 8.000 1.544
2016-08-29 7.000 1.431
2016-03-17 7.000 1.463
2015-10-15 8.000 1.734
2015-07-01 10.000 1.787
2014-09-11 6.000 1.164
2014-07-18 5.000 1.237
2013-10-17 4.500 1.437
2013-07-19 5.000 2.671
2013-01-17 4.000 2.339
2012-07-05 2.500 1.349
2012-04-18 2.500 1.534
2012-01-18 2.500 1.696
2011-10-28 2.500 2.102
2011-04-20 1.250 0.950
2010-07-15 1.000 0.619
2009-04-27 0.750 0.569
2009-03-31 0.750 1.505

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Cyient's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (2.9x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (2.5x coverage).
X
Income/ dividend checks
We assess Cyient's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.3%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Cyient afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Cyient has a total score of 5/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Cyient's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Bodanapu Ganesh Krishna
COMPENSATION ₹103,938,791
AGE 43
TENURE AS CEO 5.8 years
CEO Bio

Mr. Bodanapu Ganesh Venkat Krishna has been the Chief Executive Officer and Managing Director of Cyient Limited (formerly, Infotech Enterprises Ltd) since April 24, 2014. Mr. Krishna served as the President and Chief Operating Officer of Infotech Enterprises Ltd. until April 24, 2014. Mr. Krishna served as the President of Engineering at Infotech Enterprises Ltd. and as its Senior Vice President and Head of Engineering. Mr. Krishna served as a Senior Vice President of Engineering at Infotech Enterprises Ltd. and served as its Senior Vice President of MFG. He has been with Infotech Enterprises Ltd. since 2001. He served as Vice President - Strategy and Business Development at Infotech Enterprises Ltd. since August 2006. He has been an Executive Director of Cyient Limited since 2014. He has been a graduate in Electrical Engineering from Purdue University, USA and Masters in Business Administration from the Kellogg Business School, North Western University, USA.

CEO Compensation
  • Bodanapu Ganesh's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Bodanapu Ganesh's remuneration is higher than average for companies of similar size in India.
Management Team Tenure

Average tenure and age of the Cyient management team in years:

3.8
Average Tenure
52.5
Average Age
  • The tenure for the Cyient management team is about average.
Management Team

Venkat Rama Mohan Bodanapu

TITLE
Founder & Executive Chairman
COMPENSATION
₹81M
AGE
69
TENURE
29.1 yrs

Bodanapu Ganesh Krishna

TITLE
MD, CEO & Executive Director
COMPENSATION
₹104M
AGE
43
TENURE
5.8 yrs

Ajay Aggarwal

TITLE
President & CFO
COMPENSATION
₹28M
AGE
48

Sudheendhra Putty

TITLE
Chief Compliance Officer & Company Secretary
COMPENSATION
₹3M

Sunil Makkena

TITLE
Senior VP of Operations
AGE
54

Piyush Parekh

TITLE
Manager of Investor Relations

Prabhakar Atla

TITLE
Senior Vice President of Communications & Rail Transportation
TENURE
1.1 yrs

N. Joseph

TITLE
Senior Vice President of Corporate Strategy & Marketing
AGE
56
TENURE
3.8 yrs

Nam Narasimham

TITLE
Senior VP & Global Head of Human Resources
AGE
51
TENURE
3.8 yrs

John Renard

TITLE
Head of Portfolio Business Unit & President of EMEA
TENURE
3.8 yrs
Board of Directors Tenure

Average tenure and age of the Cyient board of directors in years:

4.3
Average Tenure
61
Average Age
  • The tenure for the Cyient board of directors is about average.
Board of Directors

Bodanapu Ganesh Krishna

TITLE
MD, CEO & Executive Director
COMPENSATION
₹104M
AGE
43
TENURE
6.1 yrs

Peter Longo

TITLE
Chairman of Cyient Inc
AGE
60
TENURE
0.3 yrs

Venkat Rama Mohan Bodanapu

TITLE
Founder & Executive Chairman
COMPENSATION
₹81M
AGE
69
TENURE
5.8 yrs

Vinai Thummalapally

TITLE
Independent Director
COMPENSATION
₹3M
TENURE
2.8 yrs

Murugappan Murugappan

TITLE
Non-Independent & Non-Executive Director
COMPENSATION
₹1M
AGE
64
TENURE
22.5 yrs

Alain De Taeye

TITLE
Non-Executive & Non-Independent Director
AGE
62
TENURE
9.8 yrs

Vikas Sehgal

TITLE
Additional Independent Director
COMPENSATION
₹1M
AGE
45
TENURE
1.3 yrs

Som Mittal

TITLE
Independent Director
COMPENSATION
₹1M
AGE
67
TENURE
5.8 yrs

Matangi Gowrishankar

TITLE
Additional Independent Director
AGE
61
TENURE
0.8 yrs

Vivek Gour

TITLE
Additional Independent Director
AGE
57
TENURE
0.8 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by Cyient individual insiders in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (₹) Value (₹)
22. Nov 19 Buy Som Mittal Individual 19. Nov 19 20. Nov 19 5,000 ₹396.73 ₹1,983,630
25. Nov 19 Buy Vikas Sehgal Individual 21. Nov 19 21. Nov 19 12,000 ₹399.71 ₹4,796,578
21. Nov 19 Buy Vikas Sehgal Individual 15. Nov 19 20. Nov 19 164,040 ₹397.47 ₹65,200,445
07. Nov 19 Buy Bodanapu Ganesh Krishna Individual 07. Nov 19 07. Nov 19 10,000 ₹387.91 ₹3,879,123
07. Nov 19 Buy Venkat Rama Mohan Bodanapu Individual 07. Nov 19 07. Nov 19 10,000 ₹387.80 ₹3,877,953
31. Jul 19 Buy Venkat Rama Mohan Bodanapu Individual 30. Jul 19 30. Jul 19 10,000 ₹442.31 ₹4,423,089
24. Jul 19 Buy Bodanapu Ganesh Krishna Individual 22. Jul 19 22. Jul 19 35,000 ₹463.92 ₹16,237,199
24. Jul 19 Buy Venkat Rama Mohan Bodanapu Individual 22. Jul 19 22. Jul 19 35,000 ₹464.69 ₹16,264,150
21. May 19 Buy Venkat Rama Mohan Bodanapu Individual 16. May 19 16. May 19 10,000 ₹551.48 ₹5,514,801
01. Apr 19 Sell Brian Wyatt Individual 26. Mar 19 27. Mar 19 -10,000 ₹0.01 ₹-66
X
Management checks
We assess Cyient's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Cyient has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Company Info

Description

Cyient Limited provides geospatial, engineering design, information technology (IT) solutions, and data analytic services in North America, Europe, and the Asia Pacific. The company operates in three segments: Utilities, Geospatial and Communications; Manufacturing and Industrial Products; and Design Led Manufacturing. It offers engineering services, such as mechanical engineering, plant engineering, aftermarket, manufacturing engineering, embedded software and electronic, engineering application software development, electrical engineering, semiconductor design services, and intellectual property and allied services. The company also provides electronic and mechanical manufacturing services; analytics, big data consulting, and IoT and M2M services; and network and operation services comprising data management, IT, network engineering and operation, utility system, IT service management, and SD wide area network services. In addition, it offers geospatial services, including acquisition, remote sensing, photogrammetry, navigational data mapping, navigational database generation, and location-based services. Further, the company provides digitization of drawings and maps, computer aided design/engineering, design and modelling, repair development engineering, reverse engineering application software development, software products development, consulting, analytics, and implementation services. It serves aerospace and defense, communications, rail transportation, medical technology and healthcare, utilities, navigation, heavy equipment and industrial, power generation, oil and gas, semiconductor, infrastructure, and mining industries. The company was formerly known as Infotech Enterprises Limited and changed its name to Cyient Limited in May 2014. Cyient Limited was founded in 1991 and is headquartered in Hyderabad, India.

Details
Name: Cyient Limited
532175
Exchange: BSE
Founded: 1991
₹48,816,225,001
109,971,221
Website: http://www.cyient.com
Address: Cyient Limited
Plot No. 11,
Software Units Layout,
Hyderabad,
Andhra Pradesh, 500081,
India
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
BSE 532175 Equity Shares Mumbai Stock Exchange IN INR 06. Aug 1998
NSEI CYIENT Equity Shares National Stock Exchange of India IN INR 06. Aug 1998
BSE 632175 INR5(FOREIGN PREMIUM) Mumbai Stock Exchange IN INR 11. Jun 2018
Number of employees
Current staff
Staff numbers
15,084
Cyient employees.
Industry
Systems Software
Software
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/02/20 13:01
End of day share price update: 2020/02/20 00:00
Last estimates confirmation: 2020/02/13
Last earnings filing: 2020/01/16
Last earnings reported: 2019/12/31
Last annual earnings reported: 2019/03/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.