Arthneeti

Cyient Q2 FY27 Share Price & Earnings Call Analysis

₹1,144.60-1.05% today
Market cap
₹12,725 Cr
P/E
31.23
ROE
8.61%
PEG
-6.78
Price to sales
1.66
Debt to equity
0.08
52W high / low
₹1,243 / ₹753
Sales growth (5Y)
11.96%
EBITDA margin
12.23%
Net profit margin
7.05%
Promoter holding
24.70%
Sales (last year)
₹7,632 Cr

Cyient (formerly Infotech Enterprises Limited) is an Indian multinational technology company that is focused on engineering, manufacturing, data analytics, and networks and operations. Infotech Enterprises Ltd. was established in 1991 in Hyderabad.[1]

Guidance scorecard · Q2 FY27 call

What Cyient Ltd's management guided
and where it ranks in IT - Services

#30of 38 in
IT - Services
Revenue10–20%MarginsFlatCapexPlannedFundraisingPlannedOrder bookRising

RevenueQ2 FY27 call

10–20%
  • Confident about growth acceleration in H2 FY2027, supported by a strong order book and ongoing deals including a significant €50 million framework agreement in Europe ramping up over 1-2 years.
  • TAO Digital business expected to grow 25%+ year-on-year, with run rate potentially reaching $100-$110 million in CY2026, driven by strong capabilities and market relevance.
  • DET segment delivered highest EBIT in 10 quarters; focus on increasing sticky annuity revenue towards a 70-30 mix (sticky-project).
  • Transportation and mobility segment showing robust growth; growth drivers include aerospace aftermarket and automotive sectors, with defense investments hedging against possible future commercial aviation headwinds.
  • Semiconductor business growing at a macro level by 30% YoY, though supply constraints may defer margin breakeven slightly to FY2028.

2 more points from Cyient Ltd's call on revenue

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Full Q2 FY27 analysis

MarginsQ2 FY27 call

Flat

See what Cyient Ltd said on margins — free account, 30 seconds.

Full Q2 FY27 analysis

CapexQ2 FY27 call

Planned
  • Cyient maintains a balanced and disciplined capital allocation approach, prioritizing investments that drive long-term growth.
  • The company focuses on maintaining financial flexibility to pursue strategic acquisitions aligned with its strategy.
  • Recent strategic investments include the acquisition of TAO Digital, adding depth and capability to the portfolio.
  • Continued investments are being made in semiconductor product development, especially in custom ASIC and power product businesses (ASSP).
  • Plans to invest in expanding capabilities around physical AI, robotics, advanced domain-specific AI, and quantum technologies.

2 more points from Cyient Ltd's call on capex

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Full Q2 FY27 analysis

FundraisingQ2 FY27 call

Planned

See what Cyient Ltd said on fundraising — free account, 30 seconds.

Full Q2 FY27 analysis

Order bookQ2 FY27 call

Rising
  • The overall order book surpassed the record level achieved in the previous quarter and is the highest it has ever been.
  • DLM segment maintained positive order book momentum for six consecutive quarters, with a book-to-bill ratio exceeding 1.6 times.
  • Q2 recorded the highest ever order intake of $158.4 million, up nearly 21% year-over-year.
  • Order intake does not include the €50 million multi-year framework contract in Europe, which will ramp up over 1-2 years.
  • Custom ASIC business has a very healthy pipeline exceeding $100 million.

2 more points from Cyient Ltd's call on the order book

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Full Q2 FY27 analysis
Full IT - Services ranking

Ranges are what management guided for revenue growth and margins on the latest earnings call. Not investment advice, and not a forecast of returns.

Potential multibaggers · Q2 FY27

Potential multibaggers in IT - Services
on management's own guidance

  1. Strong growth
    2
  2. Strong growth
    1
  3. Strong growth
    3
See all potential multibaggersWhere does Cyient Ltd rank?

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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.

Peers

IT - Services companies ranked on guidance

#CompanyRevenue guidedMargin guidedMarket capP/E
140%+Flat₹28,129 Cr107.9
240%+Flat₹1,612 Cr37.6
340%+Flat₹1,534 Cr131.2
440%+Flat₹571 Cr24.8
540%+Flat₹378 Cr26.9
640%+Flat₹84 Cr8.3

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Pro shows every company guiding 40%+ revenue growth →Full IT - Services ranking

Financials of Cyient Ltd

Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.

Shareholder Pattern

Cyient Ltd

Shareholding breakup across reporting periods.

Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
Promoters +23.20%23.17%23.16%23.15%23.14%23.28%23.28%23.28%23.28%23.28%23.28%24.75%
FIIs +34.11%31.04%29.47%28.39%28.23%23.85%21.37%17.56%15.28%15.33%14.52%14.72%
DIIs +22.69%25.91%27.08%29.72%30.32%34.13%35.63%38.42%39.51%40.98%38.99%38.96%
Government +0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.01%0.00%
Public +19.13%19.00%19.45%17.92%17.50%17.95%19.03%20.11%21.31%19.84%22.73%21.08%
Others +0.89%0.88%0.84%0.82%0.81%0.80%0.68%0.64%0.62%0.59%0.47%0.48%
No. of Shareholders1,60,9211,62,0681,81,6401,82,8841,76,9021,85,3662,09,1712,12,9292,14,0712,06,2482,61,5051,99,848

Financials of Cyient Ltd

Quarterly Results

Quarter-by-quarter operating performance

Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
Sales +1,7781,8211,8611,6761,8491,9261,9091,7121,7811,8481,9272,0762,235
Expenses +1,4531,4951,5261,4111,5521,6481,6111,4841,5671,6141,7051,8131,926
Operating Profit326326335265297278298228214235222263309
OPM %18%18%18%16%16%14%16%13%12%13%12%13%14%
Other Income +7-32232151-17417071-11-4579
Interest27293226282019161614142237
Depreciation66666766666868687270687784
Profit before tax24020025919525417425221419713995171197
Tax %24%23%24%24%27%26%26%26%27%30%31%36%33%
Net Profit +1841531971481871281861571439766109132
EPS in Rs16.1013.2817.0612.9716.1411.0215.3513.8511.488.264.939.3710.92

Financials of Cyient Ltd

Profit & Loss

Annual income statement trend

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales +2,7363,0943,5863,9144,6184,4274,1324,5346,0167,1477,3607,2688,086
Expenses +2,3352,6803,1093,3943,9853,8813,5573,7175,0135,8446,2226,3697,057
Operating Profit4014144775206335465758181,0031,3031,1388991,029
OPM %15%13%13%13%14%12%14%18%17%18%15%12%13%
Other Income +1221127914713115814011235-29784-40
Interest616172033494339100116936188
Depreciation718995105111188194192257267267278299
Profit before tax446421444541620468477698681918875644602
Tax %25%24%24%26%23%27%24%25%24%23%26%28%
Net Profit +351320340403477341364522514703648463404
EPS in Rs31.4328.9430.5436.0042.3331.1433.0647.3546.5261.5755.4538.5133.48
Dividend Payout %25%24%34%36%35%48%51%51%56%49%47%42%

Financials of Cyient Ltd

Balance Sheet

Capital structure and asset base

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026Sep 2026
Equity Capital56565656555555555556565652
Reserves1,7881,7742,0612,2882,5092,5062,9023,0613,4114,2035,2545,6265,046
Borrowings +1472142112833687115775731,2187885134312,759
Other Liabilities +5826687987739278709401,0721,8151,8831,7982,1373,727
Total Liabilities2,5742,7133,1263,4003,8604,1424,4754,7626,5006,9287,6218,25011,585
Fixed Assets +7896577517989781,3051,3611,3452,8252,8262,9293,0846,021
CWIP101026521041468813445779512
Investments101160196143554134445518436502457587
Other Assets +1,6741,8862,1532,4092,7232,6502,9922,9593,1133,6094,1124,7044,965
Total Assets2,5742,7133,1263,4003,8604,1424,4754,7626,5006,9287,6218,25011,585

Financials of Cyient Ltd

Cash Flows

Operating, investing and financing cash movement

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity +362278420296370582856634554726790787
Cash from Investing Activity +-448-54-153-57-190-146-104-377-1,006-537-134158
Cash from Financing Activity +-32-111-93-136-232-446-253-544-109-266-58-569
Net Cash Flow-118113174103-52-10499-287-562-77598376
Free Cash Flow281150316149226369761572489648688693
CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit119%92%109%89%81%133%171%98%68%77%92%118%

Financials of Cyient Ltd

Ratios

Working capital efficiency and return ratios

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days717266646460715968647066
Inventory Days189124156160211110178228177185303
Days Payable599522453323347314336374189126249
Cash Conversion Cycle71-337-331-233-99-76-133-99-7852128119
Working Capital Days434127364735242317436468
ROCE %25%22%22%23%24%17%15%20%20%22%17%12%

Guidance history

How Cyient Ltd's guidance has moved, call by call

CallRevenueMarginsCapexFundraisingOrder book
Q2 FY27 call →10–20%FlatPlannedPlannedRising
Q1 FY27 call →————Rising
Q1 FY27 call →0–10%Up 0–2%Planned—Rising
Q4 FY26 call →20–40%FlatPlannedPlanned—

What management guided on each call, newest first. Not investment advice, and not a forecast of returns.

37out of 100

Momentum score · price trend

37 out of 100 — Cooling

Over the past year its share price has done worse than most of the stocks we track.

PeriodShare price changeBetter than … of 1,910 stocks
Last 12 months−3.4%57%
Last 6 months+31.3%81%
Last 3 months+35.0%93%

The price is 52.1% below its all-time high of ₹2,388.1 (22 Dec 2023). Stocks more than 20% below their peak have their score halved, so 74 became 37.

How we calculate it

“Better than 30%” means that over that period the share price did better than 30 out of every 100 stocks we track (1,910 Indian companies worth ₹500 Cr or more, with at least a year of prices).

The score weighs the longer periods more: 40% × 12-month + 40% × 6-month + 20% × 3-month. For Cyient Ltd: 0.4 × 57 + 0.4 × 81 + 0.2 × 93 = 74, halved to 37 because the price is more than 20% below its all-time high.

Strengthening is 70 and above, Steady 40 to 70, Cooling below 40. Scores are recalculated every night after the market closes.

Full methodology →

This describes only how the share price has moved up to 29 Oct 2026, compared with other stocks. It says nothing about the business, and it is not a prediction, a price target or a recommendation to buy or sell.

Continue your research

What Cyient Ltd's management said in earlier quarters

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