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Cyient Limited (CYIENT) Fair Value & Analysis

Industrials · IN · Market cap ₹97.8B

CL Cyient Limited CYIENT · NSE
Price₹840.50
Fair Value₹658.36
Upside-21.7%
Quality57/100
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Mixed Growth
Thin margins · 5.9% net margin
Low debt · generates free cash flow
1.79% dividend yield
Mixed vs. peers (7/15)
Moderate moat 47/100
Evidence: Medium Range ₹493.77 – ₹822.96 Share as image

Fair value as of: Aug 2, 2026

From 13 valuation models · updated 11 days ago

Share price −3.1% over the past month.

A solid business, but screening 22% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (₹822.96). The favourable scenario is already priced in.
  • Solid but not exceptional quality (57/100) and above fair value, neither a clear bargain nor a standout compounder.
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Price vs Fair Value (5 years)

₹2,304 ₹582.48 Fair Value ₹658.36 Apr 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 2, 2026.

How to read this chart

60‑month range ₹582.48 – ₹2,304 · fair‑value band ₹493.77 – ₹822.96 · the ₹840.50 price screens above the ₹658.36 fair value. Dashed = 300-day average. As of Aug 2, 2026.

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Analysis

Cyient Limited (CYIENT) currently trades at ₹840.50, while our model-based Fair Value estimate is ₹658.36, implying the stock looks roughly 21.7% overvalued today. The Quality Score stands at 57/100 (solid quality), in the Industrials sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: medium).

Over the trailing twelve months, Cyient Limited generated revenue of ₹72.7B at a net margin of 5.9%. Revenue grew 0.9% year over year. It earns a return on equity of 7.8%. The balance sheet holds a net cash position of ₹10.4B. Fundamentals as of Aug 2, 2026

Our scenario range runs from ₹493.77 (bear case) to ₹822.96 (bull case); at ₹840.50, the current price sits above that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The last reported earnings sit well below what analysts expect (earnings in transition, for example after write-downs or an earnings dip); whether the stock is cheap or expensive hinges on the expected recovery actually arriving. Read the fair value with that caveat. The share trades about 35% below its 52-week high and 12% above its 52-week low, currently below its 200-day average. For context, the median of 10 Industrials peers we cover trades at -11% fair-value upside, at -22%, CYIENT screens richer than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model 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. Evidence
Highest evidence
Growth DCF ₹986.56 ₹1,661 ₹2,822 80
Residual Income ₹427.12 ₹455.91 ₹498.06 76
Rev-Margin DCF ₹770.91 ₹1,221 ₹1,813 74
All 13 models by family
DCF Models
Owner Earnings ₹850.98 ₹1,472 ₹2,575 31
5Y P/E Exit ₹788.40 ₹1,267 ₹1,815 38
10Y P/E Exit ₹850.75 ₹1,313 ₹1,968 35
Earnings-Based
Graham-Dodd ₹263.35 ₹1,288 ₹1,775 54
Lynch FV ₹345.91 ₹494.16 ₹642.41 50
Dividend Discount
Gordon GGM ₹273.48 ₹568.63 ₹902.07 70
DDM Multi-Stage ₹273.48 ₹479.48 ₹596.79 61
Multiples
P/E Multiple ₹609.96 ₹813.27 ₹1,017 63
P/B Multiple ₹493.77 ₹658.36 ₹822.96 55
Asset-Based
NCAV (Graham) ₹257.12 ₹344.54 ₹514.24 50
Growth DCF
Growth DCF ₹986.56 ₹1,661 ₹2,822 80
Rev-Margin DCF ₹770.91 ₹1,221 ₹1,813 74
Economic Profit
Residual Income ₹427.12 ₹455.91 ₹498.06 76

Widest divergence: DCF Models (₹1,313) versus Asset-Based (₹344.54). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) ₹72.7B
Revenue growth (YoY) +0.9%
Net margin 5.9%
Return on equity 7.8%
Free cash flow ₹7.3B FY2026
P/E ratio 23.0
More key figures
Operating margin 9.5%
EPS (TTM) ₹38.55
Dividend yield 1.8%
EPS growth (YoY) -67.9%
Net cash ₹10.4B FY2026

Figures from reported company fundamentals · as of Aug 2, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 57/100

Of which business quality 59 · Market factors (momentum, volatility) 33

Profitability 44
Margins and returns on capital today
Quality Growth 12
Are margins and returns improving?
Cashflow 70
Earnings quality: real cash, not paper profit
Fin. Strength 81
Balance sheet, leverage, solvency risk
Investment 56
Disciplined investing over empire-building
Low Volatility 81
Calm price path (market factor)
Momentum 16
Price trend over the last 3–12 months (market factor)
52W Momentum 8
Distance to the 52-week high (market factor)
Net Issuance 80
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

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. The company operates through three segments: Digital, Engineering & Technology; Design Led Manufacturing; and Others.

Full company description

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. 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.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

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.

Growth Quality 80/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2026)
₹72.7B
Latest YoY
−1.3%
Avg. growth/yr (3Y) 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.
+6.5%
Avg. growth/yr (5Y) 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.
+12.0%
Avg. growth/yr (21Y) 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.
+17.2%
Revenue +12.5%/yr
FY22 ₹45.3B
FY23 ₹60.2B
FY24 ₹71.5B
FY25 ₹73.6B
FY26 ₹72.7B
Net income −4.9%/yr
FY22 ₹5.2B
FY23 ₹5.1B
FY24 ₹6.8B
FY25 ₹6.2B
FY26 ₹4.3B
Character of growth · EPS growth decomposed (2015-2026) +6.2 % p.a.
Revenue per share +10.0 pp

of which total revenue +9.8 pp · buybacks/dilution +0.2 pp

EBIT margin +0.4 pp
Tax rate −0.4 pp
Residual (interest, one-offs) −3.7 pp

Absolute contributions in percentage points per year; they sum to the EPS growth rate. Start and end points are 3-year averages (details on hover).

CYIENT screens 22% overvalued. Compare with CITIC Limited →

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Cite: Fair Value Calculator (2026). "Cyient Limited Fair Value". https://www.fairvalue-calculator.com/stock/CYIENT

Peer Group

Conglomerates · 375 stocks

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.

Quality Score 57 · Above median
Fair Value upside −22% · Below median
Return on equity (TTM) 8% · Above median
Return on assets 5% · Top 25%
Net margin (TTM) 6% · Above median
Operating margin (TTM) 10% · Above median
Revenue growth 1% · Below median
Dividend yield (TTM) 1.8% · Below median
Debt / equity 0.01× · Lower than 75% of peers

Valuation Multiples vs Conglomerates median · lower = cheaper

P/E (TTM) 23.0× · Pricier than median
P/B 1.72× · Pricier than median
P/S (TTM) 1.35× · Pricier than median
P/FCF 0.1× · Cheaper than 75% of peers
EV/EBITDA 10.3× · Pricier than median
PEG 93.13× · Pricier than 75% of peers

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 4 · sector 23
FUTURE 5 · sector 17
PAST 31 · sector 20
HEALTH 99 · sector 89
DIVIDEND 36 · sector 39

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

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SRF Limited SRF ₹2,875 ₹1,053 -63%
Empresas Copec S.A COPEC 6,330 CLP 10,879 CLP +72%
Posco International Corporation 047050 50,900 KRW 61,248 KRW +20%
Tube Investments of India Limited TIINDIA ₹2,940 ₹559.30 -81%
Doosan Corporation 000155 464,000 KRW 75,620 KRW -84%

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Frequently asked questions

Is Cyient Limited (CYIENT) overvalued or undervalued?
As of Aug 2, 2026, our model estimates a fair value of ₹658.36 versus a price of ₹840.50, about −22% (overvalued).
What is the fair value of CYIENT?
Our model-based fair value for Cyient Limited is ₹658.36 (as of Aug 2, 2026), built from audited fundamentals. The current price is ₹840.50.
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 revenue of Cyient Limited (CYIENT)?
Cyient Limited reported trailing-twelve-month revenue of about ₹72.7B (latest available figure, as of Aug 2, 2026).
What is the net profit margin of CYIENT?
The net profit margin of Cyient Limited is about 5.9%, meaning it keeps roughly 5.9% of revenue as net income. Based on the latest reported figures.
Does Cyient Limited pay a dividend?
Cyient Limited currently shows a dividend yield of about 1.79% relative to its recent price (as of Aug 2, 2026).

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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