Design / Fabless / IP

Cyient

CYIENTNSESmall Cap

Live₹894.7syncing…

Engineering services and DLM with growing semiconductor design and ASIC capability via Cyient Semiconductors subsidiary.

Market Cap

₹9.9k cr

Price

895

1Y -18%

Direct exposure

50/100

0–100 directness

Sell / Avoid

Fundamental

2/ 100

Quality of growth, returns, cash conversion and balance sheet

Technical (TQ-100)

13/ 100

Trend, momentum, volume and relative strength composite

Valuation

65/ 100

Higher = cheaper vs peers and own history

Final composite

32/ 100

Blended decision input

Data transparency

What's real, what's pending, on this page

Real financials loaded

✓ Real / verified

· Live price, day change, market cap — NSE direct
· 1Y OHLCV, RSI(14), 50/200 DMA, 1M/3M/1Y returns, RS vs Nifty — computed from real NSE OHLCV
· Sector P/E — NSE direct
· Promoter %, pledge %, MF/FII/public split, 9-quarter history — Trendlyne
· Earnings call AI summaries — Trendlyne (where available)
· Technical (TQ-100) score — computed from real OHLCV
· Annual revenue / EBITDA / PAT / OCF / FCF / equity / assets — Trendlyne (audited annuals)

⚠ Analyst-set (qualitative)

· Segment classification + semicon directness score — analyst seed
· Bull/bear case + monitorables (curated thesis) — analyst seed
· Governance risk score (seed) — being replaced by AI-agent assessment
· Synthesized 5Y forecast removed entirely (was inaccurate)

Real financials extracted for 42 of 45 companies. See /data-sources for full provenance.

Cyient · CYIENT

₹894.7-52.81% over 6M

Price50 DMA200 DMA

RSI (14)

Momentum oscillator · 6M view

Volume (60D)

Fundamental score (SageOne 100)

2/ 100D

Growth 20 / Margin 15 / ROC 20 / Cash 15 / Leverage 10 / Reinvestment 8 / Accounting 7 / Governance 5 minus red flags (capped -20).

Base 14

Red flags -12

Growth quality/ 20

0.0

Rev 1Y -96.7% · 3Y CAGR -75.5%

Margin & profitability/ 15

0.0

EBITDA -1718.8% · PAT -643.8%

Return on capital/ 20

0.0

ROCE -15% · ROE -6%

Cash flow quality/ 15

0.0

OCF/EBITDA -69% · FCF yield -0.4%

Leverage discipline/ 10

10.0

Net Debt/EBITDA -0.30x

Reinvestment runway/ 8

0.0

ROCE × retention proxy

Accounting quality/ 7

0.0

OCF conversion proxy

Governance/ 5

3.9

Pledge 0.0% · Risk 22/100

Red flags (3)

− Sub-threshold ROCEROCE -15% below 12% threshold-4
− Weak cash conversionOCF/EBITDA -69% < 50%-4
− Declining revenueRev 1Y -96.7%-4

✓ Computed from real Trendlyne annuals (revenue, EBITDA, PAT, OCF, equity).

Technical score (TQ-100)

13/ 100D

Computed from real 1Y OHLCV pulled from NSE direct: trend, momentum, volume, RS vs Nifty, MA cluster, mean reversion, volatility, patterns minus red flags.

Base 33

Red flags -20

Trend structure/ 20

5.2

Below 200DMA · -35% from 52W high

Momentum velocity/ 15

6.7

RSI(14) 42 · 1M -2.0%

Volume dynamics/ 15

8.3

Bucket: Small Cap

Relative strength/ 15

2.0

RS vs Nifty -22%

MA cluster/ 10

0.0

200DMA + 1Y trend confirmation

Mean-reversion runway/ 10

5.7

RSI(14) 42; ideal 50-60

Volatility profile/ 8

4.8

Bucket: Small Cap

Pattern integrity/ 7

0.0

Trend continuation proxy

Red flags (3)

− Below 200 DMALong-term trend broken-10
− Deep drawdown-35% from 52W high-8
− Underperforming NiftyRS -22%-4

AI research agents

Re-classify segment exposure and re-assess governance risk by running fresh AI agents on the latest data. Results cache to data/agents.json.

Segment classifier

Maps to value-chain segments + computes 0-100 directness

Seed: Design / Fabless / IP · 50/100

Governance assessor

Forensic-accounting flags + 0-100 risk score

Seed: 22/100 risk

AI thesis

Generates a fresh thesis grounded in this company's data. Wires to Anthropic when ANTHROPIC_API_KEY is set, otherwise returns a deterministic mock.

Curated thesis

Analyst-set bull, bear and monitorables · use AI thesis above for a fresh take

Reasonable valuation but technical structure weak; semiconductor subsidiary spin-off remains key optionality.

Bull case

+Cyient Semiconductors spin-off optionality
+FCF yield 4%
+Diversified ER&D

Bear case

−Aerospace softness
−Low promoter holding
−Execution drag from acquisitions

Key monitorables

Cyient Semiconductors tractionAerospace order bookMargin recovery

Semiconductor exposure

How direct, how visible

Primary segment

Design / Fabless / IP

All segments

Design / Fabless / IP

Exposure type

Indirect / pull-through

Policy beneficiary

Possible

Import substitution

High

Governance risk score

22/100 (lower = better)

Financial snapshot

Latest reported metrics · mock data, ready for live financials

Rev growth (1Y)

-96.7%

Rev CAGR (3Y)

-75.5%

EBITDA margin

-1718.8%

PAT margin

-643.8%

ROCE

-15%

ROE

-6%

OCF / EBITDA

-69%

Net Debt / EBITDA

-0.3x

Promoter holding

22.4%

Promoter pledge

0.0%

Valuation

P/E (TTM)

21.1

Forward P/E

20.0

EV/EBITDA

14.0

EV/Sales

6213.8

P/B

61.7

FCF Yield

-0.4%

Dividend Yield

1.60%

Hist. percentile

40%

Peer percentile

35%

Technicals

RSI(14)

1M return

-2.0%

1Y return

-18%

From 52W high

-35%

RS vs Nifty

-22%

>200 DMA

Annual financials — real data

Extracted from Trendlyne · audited annuals · TTM + last 6 fiscal years

✓ Real

Line	TTM	FY25	FY24	FY23	FY22	FY21	FY20
Revenue	₹35 cr	₹2 cr	₹49 cr	₹94 cr	₹108 cr	₹95 cr	₹191 cr
↳ YoY growth	+2062.5%	-96.7%	-48.2%	-13.6%	+13.7%	-50.0%	—
EBITDA	₹-10 cr	₹-28 cr	₹1 cr	₹22 cr	₹2 cr	₹83 cr	₹93 cr
↳ EBITDA margin	-29.8%	-1718.8%	2.5%	23.8%	1.7%	87.5%	48.8%
PAT	₹-59 cr	₹-10 cr	₹-58 cr	₹-41 cr	₹-7 cr	₹-48 cr	₹24 cr
↳ PAT margin	-169.1%	-643.8%	-119.8%	-43.6%	-6.1%	-50.3%	12.6%
OCF	₹18 cr	₹19 cr	₹12 cr	₹34 cr	₹83 cr	₹44 cr	₹24 cr
↳ OCF / EBITDA	-173.8%	-69.1%	1016.7%	152.0%	4616.7%	52.5%	25.3%
FCF (= OCF − capex)	₹17 cr	₹-41 cr	₹-39 cr	₹25 cr	₹69 cr	₹17 cr	₹-61 cr
Total Equity	₹35 cr	₹161 cr	₹217 cr	₹257 cr	₹263 cr	₹472 cr	₹448 cr
Total Assets	₹437 cr	₹465 cr	₹509 cr	₹560 cr	₹486 cr	₹675 cr	₹624 cr
↳ ROE	-166.2%	-6.4%	-26.8%	-15.9%	-2.5%	-10.1%	5.4%
↳ ROA	-13.4%	-2.2%	-11.4%	-7.3%	-1.4%	-7.1%	3.9%

Source: Trendlyne (Standalone where Consolidated unavailable). Last refresh on real-data ingest.

Management quality

Capital allocation, debt discipline, alignment, governance composite. Computed from disclosed metrics.

Capital allocation

Sub-threshold ROCE; capital allocation needs scrutiny.

ROCE -15%, div yield 1.6%

Promoter holding

Low promoter holding — alignment risk.

22.4%

Promoter pledge

No pledging — cleanest signal.

0.0%

Debt discipline

Net cash balance sheet.

Net Debt/EBITDA -0.30x

Cash conversion

Weak cash conversion — investigate working capital and quality of earnings.

OCF/EBITDA -69%

Governance composite

Some watchpoints; nothing disqualifying.

22/100 risk

Variant perception

What the market is pricing in versus our read, and what would invalidate the thesis.

What the market is pricing in

Steady but unspectacular execution. Multiples reflect mid-pack expectations.

What we think it's missing

Consensus appears reasonable. Look for thesis-changing catalysts (margin inflection, new customer wins, segment mix shift) rather than narrative re-rating alone.

Thesis killers

×Working capital blowout disclosed in next quarterly result

References

Wire to live data sources in production

NSE filings Screener BSE corporate filings Annual report (latest)Concall transcript (latest)Investor presentation