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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
₹80B
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 India and internationally. The last earnings update was 89 days ago. More info.


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532175 Share Price and Events
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 17 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 13.5%
Perpetual Growth Rate 10-Year IN Government Bond Rate 7.7%

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 7.7%
Equity Risk Premium S&P Global 7.3%
Software Unlevered Beta Simply Wall St/ S&P Global 0.36
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.362 (1 + (1- 35%) (5.38%))
0.375
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.8
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 7.73% + (0.8 * 7.27%)
13.55%

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 use analyst's estimates of cash flows going forward 5 years for the 1st stage, the 2nd stage assumes the company grows at a stable rate into perpetuity.

BSE:532175 DCF 1st Stage: Next 5 year cash flow forecast
2019 2020 2021 2022 2023
Levered FCF (INR, Millions) 3,119.24 3,977.35 4,932.40 5,643.17 6,456.36
Source Analyst x10 Analyst x12 Analyst x6 Est @ 14.41% Est @ 14.41%
Present Value
Discounted (@ 13.55%)
2,747.12 3,084.96 3,369.32 3,394.97 3,420.81
Present value of next 5 years cash flows ₹16,017.18
BSE:532175 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2023 × (1 + g) ÷ (Discount Rate – g)
= ₹6,456.36 × (1 + 7.73%) ÷ (13.55% – 7.73%)
₹119,591.49
Present Value of Terminal Value = Terminal Value ÷ (1 + r)5
= ₹119,591.49 ÷ (1 + 13.55%)5
₹63,363.78
BSE:532175 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 5 years cash flows + Terminal Value
= ₹16,017.18 + ₹63,363.78
₹79,380.96
Equity Value per Share
(INR)
= Total value / Shares Outstanding
= ₹79,380.96 / 112.99
₹702.56
BSE:532175 Discount to Share Price
Calculation Result
Value per share (INR) From above. ₹702.56
Current discount Discount to share price of ₹715.00
= -1 x (₹715.00 - ₹702.56) / ₹702.56
-1.8%

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 (2018-06-30) in INR ₹35.50
BSE:532175 Share Price ** BSE (2018-09-19) in INR ₹715
India Software Industry PE Ratio Median Figure of 50 Publicly-Listed Software Companies 18.13x
India Market PE Ratio Median Figure of 2,677 Publicly-Listed Companies 19.71x

* 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)

= 715 ÷ 35.50

20.14x

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

  • Cyient is overvalued based on earnings compared to the IN Software industry average.
  • Cyient is overvalued 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 20.14x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 17 Analysts
18.9%per year
India Software Industry PEG Ratio Median Figure of 14 Publicly-Listed Software Companies 1.37x
India Market PEG Ratio Median Figure of 640 Publicly-Listed Companies 1.29x

*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

= 20.14x ÷ 18.9%

1.06x

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

  • Cyient is poor 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 (2018-06-30) in INR ₹215.99
BSE:532175 Share Price * BSE (2018-09-19) in INR ₹715
India Software Industry PB Ratio Median Figure of 64 Publicly-Listed Software Companies 1.42x
India Market PB Ratio Median Figure of 3,406 Publicly-Listed Companies 1.35x
BSE:532175 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 715 ÷ 215.99

3.31x

* 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 0/6, 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 17 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
18.9%
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 7.7%.
Growth vs Market Checks
  • Cyient's earnings growth is expected to exceed the India market average.
  • Cyient's revenue growth is expected to exceed 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 17 Analysts 18.9%
BSE:532175 Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 17 Analysts 13.1%
India Software Industry Earnings Growth Rate Market Cap Weighted Average 17.4%
India Software Industry Revenue Growth Rate Market Cap Weighted Average 12.5%
India Market Earnings Growth Rate Market Cap Weighted Average 17.7%
India Market Revenue Growth Rate Market Cap Weighted Average 11.7%

*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 (2 months ago) See Below
Future Estimates Average of up to 17 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
2021-03-31 59,475 6,650 6,561 7
2020-03-31 52,291 5,604 5,449 17
2019-03-31 46,248 5,343 4,540 17
BSE:532175 Past Financials Data
Date (Data in INR Millions) Revenue Cash Flow Net Income *
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
2016-12-31 34,771 3,333
2016-09-30 33,417 3,218
2016-06-30 32,004 3,247
2016-03-31 30,941 2,780 3,255
2015-12-31 30,084 3,514
2015-09-30 29,385 3,695

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Cyient's earnings are expected to grow by 18.9% yearly, however this is not considered high growth (20% yearly).
  • Cyient's revenue is expected to grow by 13.1% 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 (2 months ago) See Below
Future Estimates Average of up to 17 Analyst Estimates (S&P Global) See Below

All data from Cyient Company Filings, last reported 2 months 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
2021-03-31 58.14 62.00 54.90 6.00
2020-03-31 48.36 52.00 45.50 16.00
2019-03-31 40.25 42.60 37.80 16.00
BSE:532175 Past Financials Data
Date (Data in INR Millions) EPS *
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
2016-12-31 29.62
2016-09-30 28.65
2016-06-30 28.91
2016-03-31 28.95
2015-12-31 31.26
2015-09-30 32.83

*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 3/6, 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 (11.9% vs 8.6%)
  • Cyient's earnings growth has not exceeded the IN Software industry average in the past year (11.9% vs 32.3%).
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 2 months 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
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
2012-12-31 18,264.66 2,466.85 2,024.74
2012-09-30 17,678.66 2,188.15 2,017.64
2012-06-30 16,633.46 1,992.35 1,989.44
2012-03-31 15,531.33 1,613.75 1,805.41
2011-12-31 14,616.24 1,285.19 1,732.99
2011-09-30 13,589.24 1,313.89 1,696.89

*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 has not improved over the past 3 years (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 3/6, 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.
  • Low level of unsold assets.
  • Debt is covered by short term assets, assets are 5.8x 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 2 months ago.

BSE:532175 Past Debt and Equity Data
Date (Data in INR Millions) Total Equity Total Debt Cash & Short Term Investments
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
2012-12-31 12,528.40 56.70 4,713.40
2012-09-30 12,528.40 56.70 4,713.40
2012-06-30 11,574.81 34.30 4,782.34
2012-03-31 11,574.81 34.30 4,782.34
2011-12-31 10,971.80 522.30 4,135.00
2011-09-30 10,971.80 522.30 4,135.00
  • Cyient's level of debt (17.6%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (0% vs 17.6% today).
  • Debt is well covered by operating cash flow (64.4%, 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
1.82%
Current annual income from Cyient dividends. Estimated to be 2.46% next year.
If you bought ₹2,000 of Cyient shares you are expected to receive ₹36 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 (0.44%).
  • Cyient's dividend is above the markets top 25% of dividend payers in India (1.53%).
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 17 Analyst Estimates (S&P Global) See Below
India Software Industry Average Dividend Yield Market Cap Weighted Average of 20 Stocks 2%
India Market Average Dividend Yield Market Cap Weighted Average of 1397 Stocks 1.3%
India Minimum Threshold Dividend Yield 10th Percentile 0.2%
India Bottom 25% Dividend Yield 25th Percentile 0.4%
India Top 25% Dividend Yield 75th Percentile 1.5%

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
2021-03-31 22.68 6.00
2020-03-31 17.66 13.00
2019-03-31 15.11 13.00
BSE:532175 Past Annualized Dividends Data
Date (Data in ₹) Dividend per share (annual) Avg. Yield (%)
2018-04-19 13.000 1.765
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
2008-09-22 0.600 1.145

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 (2.7x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (2.7x coverage).
X
Income/ dividend checks
We assess Cyient's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.2%) - 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 G. Krishna, image provided by Google.
Bodanapu G. Krishna
COMPENSATION ₹96,276,665
AGE 42
TENURE AS CEO 4.4 years
CEO Bio

Mr. Bodanapu G.V. 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 G.'s compensation has increased by more than 20% in the past year.
  • Bodanapu G.'s compensation is higher than average for a company of this size and profit level.
Management Team Tenure

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

2.4
Average Tenure
50
Average Age
  • The tenure for the Cyient management team is about average.
Management Team

B. V. R. Reddy

TITLE
Founder & Executive Chairman
COMPENSATION
₹75M
AGE
68
TENURE
27.7 yrs

Bodanapu G. Krishna

TITLE
MD, CEO & Executive Director
COMPENSATION
₹96M
AGE
42
TENURE
4.4 yrs

Ajay Aggarwal

TITLE
President & CFO
COMPENSATION
₹23M
AGE
47

Sudheendhra Putty

TITLE
Chief Compliance Officer & Company Secretary
COMPENSATION
₹3M

Sanjay Krishnaa

TITLE
Senior VP of Communications Business Unit & President of APAC
TENURE
2.3 yrs

N. Joseph

TITLE
Senior Vice President of Corporate Strategy & Marketing
AGE
55
TENURE
2.4 yrs

Nam Narasimham

TITLE
Senior Vice President of Global Human Resources
AGE
50
TENURE
2.3 yrs

Sunil Makkena

TITLE
CIO and Senior VP of Utilities & Geospatial Business Unit
AGE
53
TENURE
2.3 yrs

Anand Parameswaran

TITLE
Senior Vice President of Aerospace & Defense Business Unit
AGE
44
TENURE
2.4 yrs

Brian Wyatt

TITLE
Senior Vice President of Medical Technology & Healthcare Business Unit
TENURE
2.4 yrs
Board of Directors Tenure

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

4.4
Average Tenure
62
Average Age
  • The tenure for the Cyient board of directors is about average.
Board of Directors

B. V. R. Reddy

TITLE
Founder & Executive Chairman
COMPENSATION
₹75M
AGE
68
TENURE
4.4 yrs

Bodanapu G. Krishna

TITLE
MD, CEO & Executive Director
COMPENSATION
₹96M
AGE
42
TENURE
4.7 yrs

Murugappan Murugappan

TITLE
Lead Independent Director
COMPENSATION
₹1M
AGE
63
TENURE
21.7 yrs

Kris Ramachandran

TITLE
Independent Director
COMPENSATION
₹1M
TENURE
9.2 yrs

Andrea Bierce

TITLE
Independent Director
COMPENSATION
₹3M
TENURE
3.9 yrs

Alain De Taeye

TITLE
Independent Director
AGE
61
TENURE
8.4 yrs

Som Mittal

TITLE
Independent Director
COMPENSATION
₹1M
AGE
66
TENURE
4.4 yrs

John Paterson

TITLE
Independent Director
COMPENSATION
₹3M
AGE
60
TENURE
3.9 yrs

Vinai Thummalapally

TITLE
Independent Director
COMPENSATION
₹3M
TENURE
1.4 yrs
Recent Insider Trading
  • No 3 month insider trading information.
Who owns this company?
X
Management checks
We assess Cyient's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap and profit (greater than 0.5% of the company's profit + 0.03% of 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

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Company Info

Map
Description

Cyient Limited provides geospatial, engineering design, information technology (IT) solutions, and data analytic services in India and internationally. 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, rail signaling and electrification, 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, including data management, IT, network engineering and operation, utility system, IT service management, and SD wide area network services. In addition, it offers geospatial services comprising 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, mining, and infrastructure 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
₹79,656,226,980
112,987,556
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
15,056
Cyient employees.
Industry
Systems Software
Software
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2018/09/19 11:35
End of day share price update: 2018/09/19 00:00
Last estimates confirmation: 2018/09/13
Last earnings update: 2018/06/30
Last annual earnings update: 2018/03/31


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.