Cyient Limited (CYIENT) fair value: what the stock is really worth
As of Nov 9, 2026: fair value (intrinsic value) of Cyient Limited stock ₹1,002, price ₹1,093, that is 8.3% below the price, quality 57 out of 100. Rating: fairly valued. Calculated from audited financials with 13 of our 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 10, 2026.
How to read this chart
60‑month range ₹684.83 – ₹2,304 · fair‑value band ₹646.44 – ₹1,407 · the ₹1,093 price screens above the ₹1,002 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 10, 2026.
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Cyient Limited provides geospatial, engineering design, manufacturing, networks and operations, data transformation, and analytic services in North America, Europe, Middle East, and the Asia Pacific.
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The company operates through three segments: Digital, Engineering & Technology; Design Led Manufacturing; and Others.
The company offers digital thread; electrification and energy storage; autonomous systems; digital twin; product to platform engineering; data platforms and GenAI; Industry 4.0; industry AI advisor platform; Coddy, a legacy application migration; CYARC, a regulatory compliance watch for medical devices; CYFAST, for equipment testing and validation; CYIOPS, a power outage planning and scheduling platform; CYPRED forecast and prediction engine; CYTEXT that transforms PDFs and documents into searchable text; SmartHub, a field inspection and data capture; and CYXTRACT which extract, search, and analyze documents.
It also provides manufacturing operations management solutions, including industrial automation, data engineering, operations management, asset operations, and manufacturing intelligence; FACTORYDTECT, Monitoring and predictive solutions; FACTORYPRO; DIGITAL DATA FOUNDATION data platform; ENERGYCARE, a platform to monitor, analyze, and balance energy usage; and ASSET TWIN that monito asset health and upcoming failure mode.
In addition, the company offers Vismon, a suite of solutions that simplifies network management; and CyPlaNet which streamlines fiber optic networks.
It serves aerospace and defense, rail transportation, automotive and mobility, mining, energy, utilities and spatial intelligence, communications, healthcare and life science, and semiconductor industries.
Cyient Limited and Vodafone entered into an agreement and launched an AI-powered global network configuration management solution supported by data-driven, intelligent configuration analytics. Cyient Limited was incorporated in 1991 and is headquartered in Hyderabad, India.
Stock analysis
Cyient Limited (CYIENT) currently trades at ₹1,093, while our model-based Fair Value estimate is ₹1,002, so the stock looks roughly fairly valued today (gap 9.0%).
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Valuation
Bull case: the Multiples group reads highest at a median of ₹1,147 per share, and 4 of the 13 models we run sit above the ₹1,093 price.
Bear case: the Asset-Based group reads lowest at ₹194.11, and 9 of the 13 models stay below the price. Data coverage for this calculation is high.
Scenario range: ₹646.44 (bear) to ₹1,407 (bull), the price of ₹1,093 sits inside it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 57/100 (solid quality), in the Industrials sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Cyient Limited reported revenue of ₹72.7B in FY2026 versus ₹45.3B in FY2022, a compound +12.5%/yr. Reported net income was ₹4.3B in FY2026, compounding −4.9%/yr from FY2022.
Key figures
Market cap ₹121B (≈ $1.3B) Small · P/E ratio 32.2 · P/S ratio 1.50 · EPS (TTM) ₹33.98 · Dividend yield 2.7% · Net margin 4.6% · Return on equity 6.9% · Return on assets (EBIT) 11.8% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 46 out of 100 (medium confidence).
What moves the price
The share trades about 12% below its 52-week high and 45% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Industrials peers we cover trades at 8% fair-value upside, at −8%, CYIENT screens richer than that median.
Fair Value models
Bear₹646.44Fair Value ₹1,002Bull₹1,407
Price ₹1,093 · Downside -8.3%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2026 figures (about 7 months old). Earnings retained since then (₹2.45 per share) are deliberately not added.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.80/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
−1.3%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+6.5%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+12.0%
Start year 2021 (pandemic). Over 10 years: +8.9% a year
Revenue growth 21 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+17.2%
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What shareholders gained per year (last 5 years), in INR ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Measured in INR: this currency has depreciated against the euro and dollar over the long run, so part of the nominal rate is currency erosion that never reaches a EUR/USD investor.
+5.8%
Earnings growth per share plus dividend.
Earnings per share, growth per year+3.1%
Dividend (yield on the price)2.7%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.3.1% vs 2.3%, steady
Profit margin 2021 to 2026 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.12% → 9%
Pace: the 5-year rate starts in 2021 (pandemic)
Growth Forecast
Little optimism in the price
The price assumes about as much growth as the company has delivered so far and less than analysts expect.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+10.4%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect ⓘAnalysts publish sales forecasts for the next two fiscal years. For the years after that, growth slows evenly to 2 % a year by year ten (2 % is the long-run rate our models use). Projected years are marked as such.
+14.3%
Yearly sales growth analysts expect, extended to five years.
After inflation (India: IMF forecast 4.1% a year to 2030, 4.7% from 2016 to 2025) that is about +6.0% a year for the price and +9.7% for the forecasts.
Price, fair value, quality and upside side by side.
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Conglomerates · 349 stocks
Beats the industry median on 7/15 measures
A mixed picture versus its industry peers.
Valuation
Quality Score57 · Above median
Fair Value upside−8.3% · Below median
Profitability
Return on equity (12 months)6.9% · Above median
Return on assets5.1% · Above median
Net margin (12 months)4.6% · Below median
Operating margin (12 months)10.2% · Above median
Growth and dividend
Revenue growth (quarter YoY)25.5% · Top 25%
Dividend yield (12 months)2.7% · Above median
Balance sheet
Debt / equity0.01× · Lowest 25%
Valuation Multiplesvs Conglomerates median · lower = cheaper
P/E (12 months)32.2× · Priciest 25%
P/B2.14× · Priciest 25%
P/S (12 months)1.50× · Pricier than median
Price / free cash flow (fiscal year)16.6× · Pricier than median
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "Cyient Limited Fair Value". https://www.fairvalue-calculator.com/stock/CYIENT
Frequently asked questions
Is Cyient Limited (CYIENT) overvalued or undervalued?
As of Nov 10, 2026, our model estimates a fair value of ₹1,002 versus a price of ₹1,093, about 8% lower (fairly valued).
What is the fair value of CYIENT?
Our model-based fair value for Cyient Limited is ₹1,002 (as of Nov 10, 2026), built from audited fundamentals. The current price: ₹1,093.
What is the quality score of CYIENT?
Cyient Limited has a Quality Score of 57/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Cyient Limited (CYIENT)?
Our model-based price target is the fair value of ₹1,002 (as of Nov 10, 2026) from 13 valuation models. Cautious scenario ₹646.44, optimistic scenario ₹1,407. It is a calculation from audited fundamentals, not an analyst target.
What is the Cyient Limited stock forecast for 2026?
Our models put fair value at ₹1,002, about 8% lower versus a price of ₹1,093 (fairly valued). Cautious scenario ₹646.44, optimistic scenario ₹1,407. The calculation is refreshed regularly with new filings.
What is the revenue of Cyient Limited (CYIENT)?
Cyient Limited reported trailing-twelve-month revenue of about ₹80.9B (latest available figure, as of Nov 10, 2026).
Does Cyient Limited pay a dividend?
Cyient Limited currently shows a dividend yield of 2.75% relative to its recent price (as of Nov 10, 2026).
How much is the dividend of Cyient Limited (CYIENT) and when is the ex-dividend date?
Cyient Limited pays a dividend of ₹30.00 per share a year, a dividend yield of 2.7%. The last ex-dividend date was Oct 28, 2026. A dividend has been paid every year since at least 2007. The payout ratio is 88.3% of earnings. Free cash flow covers the dividend 2.33 times. Our assessment: Sustainable. Payout and cash coverage both look sustainable.
What growth is priced into Cyient Limited (CYIENT)?
For today's price to be fair in a discounted-cash-flow model, Cyient Limited would have to grow free cash flow by +10.4 % per year for five years (discount rate 12.8 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +12.0 % per year. As of Nov 10, 2026.
What discount rate (WACC) does the fair value of CYIENT use?
Our models discount Cyient Limited at 12.8 %: a base by market capitalisation (small), damped by beta 0.70, country premium for India. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Cyient Limited that is +10.4 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (12.8 %) and the same formula as our fair value.
How much growth has Cyient Limited (CYIENT) delivered so far?
Over the past 5 years revenue at Cyient Limited grew +12.0 % a year. The price currently implies free-cash-flow growth of +10.4 % per year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Cyient Limited (CYIENT) growing?
The median revenue growth in the sector is +7.8 % a year. That is the yardstick for the growth priced into Cyient Limited (+10.4 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Cyient Limited (CYIENT)?
The free-cash-flow yield on the price is 6.01 %: that much free cash flow Cyient Limited produces per unit of market value. When it exceeds the discount rate of our models (12.8 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Cyient Limited (CYIENT)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Cyient Limited it is ₹1,002 per share (as of Nov 10, 2026), against a price of ₹1,093. It is the blended result of 13 valuation models in 7 families (DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit).
Is Cyient Limited stock overvalued or undervalued in 2026?
As of Nov 10, 2026, CYIENT trades above its calculated fair value: price ₹1,093, fair value ₹1,002, a gap of about −8% (fairly valued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of CYIENT?
No. The price is what the market pays today (₹1,093); the fair value is what the company's own numbers justify (₹1,002). For Cyient Limited the two are ₹90.53 per share apart. That gap is exactly why we show both numbers side by side.
How much is Cyient Limited worth?
The market values Cyient Limited at about ₹121B (market capitalisation, as of Nov 10, 2026). Per share that is ₹1,093; our models calculate a fair value of ₹1,002 per share.
What do the bullish and bearish scenarios say about CYIENT?
Our models span a range for Cyient Limited: cautious scenario ₹646.44, base ₹1,002, optimistic ₹1,407 per share (as of Nov 10, 2026, price ₹1,093). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of CYIENT?
Cyient Limited trades at a price-to-earnings ratio of 32.2 (as of Nov 10, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of ₹1,002 is built from several models across several years. Median P/E at fiscal year-end, 10 fiscal years (2017 to 2026), reported earnings: 19.5. Other multiples: PEG 93.1, P/B 2.1, P/S 1.5, EV/EBITDA 11.4.
What is the PEG ratio of CYIENT?
The PEG ratio of Cyient Limited is 93.13 (P/E divided by earnings growth, as of Nov 10, 2026). That is above 1, so the growth is already paid for in the price.
How solid is the balance sheet of Cyient Limited (CYIENT)?
Balance-sheet figures for Cyient Limited (as of Nov 10, 2026): return on equity 6.9%, debt of 0.01 per unit of equity. They feed the Quality Score of 57/100, which measures business quality independently of the share price.
How far is CYIENT from its 52-week high?
Cyient Limited trades at ₹1,093, about 12% below its 52-week high of ₹1,237 and 45% above the low of ₹752.90 (as of Nov 9, 2026). Distance from the high says nothing about value: that is what the fair value of ₹1,002 is for.
Which stocks are comparable to Cyient Limited?
From the same area (Industrials) we also value 3M Company, Honeywell International Inc, Swire Pacific Limited, CITIC Limited, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Cyient Limited stock attractive at the current price?
The data as of Nov 10, 2026: price ₹1,093, calculated fair value ₹1,002 (−8%), Quality Score 57/100, from 13 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of CYIENT calculated?
We run Cyient Limited through 13 models from 7 families: DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit. Every model gets the same audited fundamentals; the fair value of ₹1,002 builds on their evidence-weighted average, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 15.1% above its aggregate fair value. Cyient Limited itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Cyient Limited (CYIENT)?
The closing price on Nov 9, 2026 was ₹1,093. Our model-based fair value is ₹1,002, about 8% lower (fairly valued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Cyient Limited right now?
The price sits close to our fair value, market and models broadly agree here, little valuation tension. A fairly wide model range (₹646.44 to ₹1,407) leaves room in how you read the outcome.
Where does the earnings growth of Cyient Limited (CYIENT) come from?
Earnings per share at Cyient Limited grew +6.2 % a year from 2015 to 2026. Broken into its drivers: revenue per share +9.9 %, EBIT margin +0.4 %, tax rate −0.4 %, residual (interest, one-offs) −3.4 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of Cyient Limited
How large is the market capitalisation of Cyient Limited (CYIENT)?
The market capitalisation of Cyient Limited is ₹121B (≈ $1.3B). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Cyient Limited (CYIENT)?
The price-to-sales ratio of Cyient Limited is 1.50 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Cyient Limited (CYIENT)?
Earnings per share at Cyient Limited are ₹33.98 (price ÷ EPS = P/E 32.2). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Cyient Limited (CYIENT)?
The dividend yield of Cyient Limited is 2.7% (payout 88.3%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Cyient Limited (CYIENT)?
The net margin of Cyient Limited is 4.6% (last twelve months). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Cyient Limited (CYIENT)?
The return on equity (ROE) of Cyient Limited is 6.9% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Cyient Limited (CYIENT)?
On an EBIT basis the return on assets of Cyient Limited is 11.8% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Cyient Limited (CYIENT)?
The operating margin of Cyient Limited is 10.2% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Cyient Limited (CYIENT)?
Revenue at Cyient Limited is growing +25.5% versus a year earlier (3y avg +6.5%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Cyient Limited (CYIENT)?
Earnings per share at Cyient Limited are growing −0.1% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net cash does Cyient Limited (CYIENT) hold?
Cyient Limited holds more cash than debt, ₹10.4B net (fiscal year 2026). The company holds more cash than debt, a safety cushion.
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Broad data
Nov 10, 2026