Operates as an integrated Electronics Manufacturing Services (EMS) provider focused on high-reliability, high-complexity assemblies for aerospace, defense, medical, industrial and automotive customers, with manufacturing at facilities including a Nadcap-certified cable harness line in Mysore. Aerospace anchors the revenue mix and grew 40% year-on-year in Q1 FY27, while industrial grew 90% year-on-year in the same quarter. Key aerospace customers include Honeywell, Thales and Safran, with Honeywell and Thales wins set to ramp over the next 18 months, and the business is using existing capabilities to expand into AI data centre and robotics adjacencies through a Build-to-Spec (B2S) platform expected to contribute revenue in 12-18 months. Materials are the largest cost at 62.2% of revenue and employees account for 18.0%, reflecting a labour- and parts-intensive assembly model. The international revenue mix is heavy, exposing results to currency moves, and working capital stood at 161 days in Q1 FY27. For FY26, revenue was ₹1,261.485 crore at a 12.93% EBITDA margin, with net profit of ₹73.282 crore. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Aerospace (42%), Industrial (32%), Defense, Medical, Automotive. High-reliability, order-book-driven EMS assembly business with high working capital and heavy international exposure
| ₹ crore · consolidated | FY24 | FY25 | FY26 |
|---|---|---|---|
| Revenue | 1,192 | 1,520 | 1,261 |
| EBITDA (ex other income) | 111 | 137 | 127 |
| margin % | 9.3 | 9.0 | 10.1 |
| Owners' profit | 0 | 0 | 0 |
| EPS, as reported (₹) | 7.75 | 8.58 | 9.23 |
| ROE % · ROCE % | 6.7 · 11.0 | 7.2 · 11.1 | 7.2 · 10.5 |
| Debt / equity (x) | 0.15 | 0.26 | 0.10 |
| Cash from operations | (71) | (62) | 54 |
| Capex | (34) | (50) | (45) |
| ₹ crore | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 389 | 444 | 428 | 278 | 311 | 303 | 369 | 374 |
| Profit before tax | 21 | 15 | 42 | 10 | 36 | 15 | 32 | 22 |
| Net profit | 15 | 11 | 31 | 7 | 32 | 11 | 22 | 16 |
| EPS (₹) | 1.95 | 1.39 | 3.91 | 0.94 | 4.05 | 1.42 | 2.83 | 2.05 |
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| HINDUSTAN AERONAUTICS LTD | 3,28,037 | 35.2 | 7.99 | 24.1 | 22.2 | 13.7 | 7.8 | 44.0 |
| BHARAT ELECTRONICS LTD | 2,95,572 | 48.1 | 12.31 | 34.1 | 25.3 | 31.9 | 14.4 | 28.1 |
| BHARAT DYNAMICS LIMITED | 43,621 | 83.7 | 10.29 | — | 9.9 | 7.2 | — | 32.6 |
| GARDEN REACH SHIP&ENG LTD | 28,027 | 35.0 | 10.67 | — | 28.5 | 36.2 | — | 13.7 |
| Date · filing | Category | Importance | 1-day % | 5-day % |
|---|---|---|---|---|
| 8 Sept 2026 · Cyient DLM to host investor meeting with PL Capital on September 16, 2026 | board shareholder meetings | low | — | — |
| 3 Sept 2026 · Cyient DLM to meet Citi investors on 15 Sept 2026 | board shareholder meetings | low | — | — |
| 3 Sept 2026 · Cyient DLM to meet Bajaj Alternates on 11 Sep 2026 | board shareholder meetings | low | — | — |
| 28 Aug 2026 · Cyient DLM to meet Ask Investment on 7 September 2026 | board shareholder meetings | low | — | — |
| 19 Aug 2026 · Cyient DLM to host Aditya Birla fund for investor meet on 3 Sep 2026 | board shareholder meetings | low | — | — |
| 18 Aug 2026 · Cyient DLM to meet Kotak MF on 21 Aug 2026 in plant visit | board shareholder meetings | low | — | — |
| 17 Aug 2026 · Cyient DLM grants 4.8 lakh stock units and options to associates | capital market events | low | — | — |
| 12 Aug 2026 · Cyient DLM schedules investor and analyst meets on 26-27 August | board shareholder meetings | low | — | — |
| 7 Aug 2026 · Income Tax Department imposes 4.11 lakh penalty on Cyient DLM | regulatory legal | high | — | — |
| 7 Aug 2026 · Income Tax penalty of Rs 4.11 lakh for delayed Form 61A filing | regulatory legal | high | — | — |
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) | A state: the latest filed quarter and the measured reactions |
| DATA PATTERNS INDIA LTD | 27,042 | 100.9 | 15.58 | — | 15.6 | 20.3 | — | 33.3 |
| ASTRA MICROWAVE LTD | 16,031 | 84.8 | 12.20 | 45.8 | 14.7 | 17.2 | 12.7 | 20.1 |
| APOLLO MICRO SYSTEMS LTD | 15,650 | 121.7 | 11.96 | 71.7 | 8.2 | 10.4 | 34.8 | 22.3 |
| ZEN TECHNOLOGIES LIMITED | 15,599 | 86.2 | 8.00 | 46.5 | 11.2 | 15.1 | 65.9 | 38.5 |
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 87.4 | 83.7 | 15 of 23 | 36% |
| P/B | 7.1 | 10.6 | 6 of 23 | 77% |
| ROCE | 8.1 | 13.6 | 20 of 26 | 24% |
| ROE | 7.2 | 10.9 | 18 of 23 | 23% |
| Debt / Equity | 0.1 | 0.0 | 14 of 23 | 41% |
| EBITDA margin | 10.6 | 22.3 | 19 of 23 | 18% |
| Revenue growth | 34.3 | 24.9 | 11 of 23 | 55% |
| Profit growth | 118.2 | 14.9 | 3 of 21 | 90% |
| Market cap | 7183 | 7486 | 14 of 26 | 48% |
| an event is a fact; a rating is an opinion that requires SEBI RA registration |
| A target price and upside | The current price and the multiples against the group | a target is a forecast; a multiple is a measurement |
| Estimate years marked E | More audited years; no estimates | MarketPing publishes no forecasts — your own model lives on the Models page |
This document is a statistical summary of publicly filed information and market data, prepared by software from primary sources: SEBI results XBRL filed with BSE and NSE, LODR disclosures, shareholding patterns, exchange price data. It contains no research recommendation, no price target and no opinion on the merits of any security, and is not a research report within the meaning of the SEBI (Research Analysts) Regulations, 2014, Regulation 2(1)(w)(vii). Financial statements are as filed (consolidated where the company files consolidated results). Ratios are computed over filed lines. Where a figure is unavailable the table shows a dash rather than an estimate. The business brief is written by MarketPing's reader from the annual report and checked against it; no figure in a table was generated by a model. Nothing here constitutes investment advice, an offer or a solicitation; readers should consult a SEBI-registered adviser before acting. MarketPing is not a SEBI-registered intermediary.
