Cyient Financial Statements

Cyient Nine Monthly Results

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Y/e 31 Mar Mar-2021 Mar-2020 Mar-2017 Mar-2016
Growth matrix (%)        
Revenue growth (6.70) 23.50 15.90 13.10
Op profit growth 4.75 15 15.20 3.31
EBIT growth 0.19 6.57 9.21 (1.10)
Net profit growth 6.22 (0.40) 5.62 (7.80)
Profitability ratios (%)        
OPM 13.90 12.40 13.30 13.40
EBIT margin 12.60 11.70 13.60 14.40
Net profit margin 8.80 7.74 9.59 10.50
RoCE 15.20 18.20 21.60 21.70
RoNW 3.30 3.66 4.35 4.43
RoA 2.65 3 3.81 3.96
Per share ratios ()        
EPS 33.10 31 29 27.10
Dividend per share 17 15 10.50 7
Cash EPS 15.40 14.10 22.10 21
Book value per share 269 233 188 163
Valuation ratios        
P/E 19.60 7.40 16.10 15.70
P/CEPS 42.10 16.30 21.20 20.20
P/B 2.41 0.99 2.49 2.61
EV/EBIDTA 8.74 3.23 7.91 8.04
Payout (%)        
Dividend payout -- 15.80 21.70 29.10
Tax payout (24) (27) (22) (24)
Liquidity ratios        
Debtor days 67.50 56.70 64.30 67.70
Inventory days 17 13.20 9.74 9.35
Creditor days (44) (37) (42) (40)
Leverage ratios        
Interest coverage (12) (11) (28) (27)
Net debt / equity (0.30) (0.10) (0.30) (0.30)
Net debt / op. profit (1.50) (0.40) (1.40) (1.20)
Cost breakup ()        
Material costs (13) (8.90) (7.60) (6.10)
Employee costs (52) (56) (57) (59)
Other costs (21) (23) (22) (22)
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Y/e 31 Mar( In .Cr) Mar-2021 Mar-2020 Mar-2017 Mar-2016
Revenue 4,132 4,427 3,586 3,094
yoy growth (%) (6.70) 23.50 15.90 13.10
Raw materials (526) (392) (274) (189)
As % of sales 12.70 8.86 7.65 6.10
Employee costs (2,161) (2,478) (2,049) (1,813)
As % of sales 52.30 56 57.10 58.60
Other costs (870) (1,009) (785) (679)
As % of sales 21.10 22.80 21.90 21.90
Operating profit 575 549 477 414
OPM 13.90 12.40 13.30 13.40
Depreciation (195) (188) (95) (89)
Interest expense (43) (49) (17) (16)
Other income 140 158 106 121
Profit before tax 477 471 470 430
Taxes (113) (127) (105) (101)
Tax rate (24) (27) (22) (24)
Minorities and other -- 1.30 4.20 5.40
Adj. profit 364 345 370 334
Exceptional items -- -- (26) (8.70)
Net profit 364 343 344 326
yoy growth (%) 6.22 (0.40) 5.62 (7.80)
NPM 8.80 7.74 9.59 10.50
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Y/e 31 Mar ( In .Cr) Mar-2021 Mar-2020 Mar-2017 Mar-2016
Profit before tax 477 471 470 430
Depreciation (195) (188) (95) (89)
Tax paid (113) (127) (105) (101)
Working capital 1,503 1,038 496 105
Other operating items -- -- -- --
Operating cashflow 1,672 1,194 766 345
Capital expenditure 1,814 1,615 706 507
Free cash flow 3,485 2,809 1,472 852
Equity raised 3,512 3,264 3,046 3,060
Investments (57) (5.20) 97.40 67.30
Debt financing/disposal 577 714 212 208
Dividends paid -- -- 61.90 78.70
Other items -- -- -- --
Net in cash 7,517 6,782 4,889 4,267
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Y/e 31 Mar ( In .Cr) Mar-2021 Mar-2020 Mar-2019 Mar-2018
Equity capital 55.70 55 55.20 56.30
Preference capital -- -- -- --
Reserves 2,902 2,506 2,509 2,288
Net worth 2,957 2,561 2,564 2,344
Minority interest
Debt 577 711 368 283
Deferred tax liabilities (net) 18.20 37.80 83.70 58.20
Total liabilities 3,550 3,307 3,014 2,686
Fixed assets 1,449 1,451 1,082 849
Intangible assets
Investments 34.40 41.40 54.80 143
Deferred tax asset (net) 31.90 39.60 72.60 54.70
Net working capital 570 823 834 658
Inventories 159 227 183 131
Inventory Days 14 18.70 -- --
Sundry debtors 803 726 814 691
Debtor days 70.90 59.90 -- --
Other current assets 552 743 756 606
Sundry creditors (459) (394) (374) (386)
Creditor days 40.50 32.50 -- --
Other current liabilities (484) (479) (544) (384)
Cash 1,465 952 971 981
Total assets 3,550 3,307 3,014 2,686
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Particulars ( Rupees In Crores.) Dec-2020 Dec-2019 Dec-2018 Dec-2017 Dec-2016
Gross Sales 3,039 3,354 3,455 2,856 2,666
Excise Duty -- -- -- 3.60 13.70
Net Sales 3,039 3,354 3,455 2,852 2,652
Other Operating Income -- -- -- -- --
Other Income 99.60 104 55.40 108 71.10
Total Income 3,139 3,458 3,510 2,960 2,723
Total Expenditure ** 2,619 2,900 2,988 2,480 2,294
PBIDT 520 558 522 481 429
Interest 32.10 36.10 24.30 14.70 13.90
PBDT 488 522 497 466 415
Depreciation 145 140 85.30 79.50 69.80
Minority Interest Before NP -- -- -- -- --
Tax 96.10 93.60 114 119 73.70
Deferred Tax (14) (6.70) (3) (15) 8.80
Reported Profit After Tax 261 295 301 282 263
Minority Interest After NP -- (2.30) (0.80) (5.10) (2.90)
Net Profit after Minority Interest 261 297 302 287 265
Extra-ordinary Items -- -- -- (3.50) --
Adjusted Profit After Extra-ordinary item 261 297 302 290 265
EPS (Unit Curr.) 23.70 27 26.70 25.50 23.60
Book Value (Unit Curr.) -- -- -- -- --
Dividend (%) -- 120 120 180 110
Equity 55 55 56.30 56.30 56.30
Public Shareholding (Number) -- -- -- -- --
Public Shareholding (%) -- -- -- -- --
Pledged/Encumbered - No. of Shares -- -- -- -- --
Pledged/Encumbered - % in Total Promoters Holding -- -- -- -- --
Pledged/Encumbered - % in Total Equity -- -- -- -- --
Non Encumbered - No. of Shares -- -- -- -- --
Non Encumbered - % in Total Promoters Holding -- -- -- -- --
Non Encumbered - % in Total Equity -- -- -- -- --
PBIDTM(%) 17.10 16.60 15.10 16.90 16.20
PBDTM(%) 16.10 15.60 14.40 16.30 15.60
PATM(%) 8.58 8.80 8.72 9.88 9.90
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