Cyient DLM Ltd. share price target and research reports

Latest analyst research reports with target prices and PDF download for CYIENTDLM, BSE:543933 Cyient DLM Ltd.

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Cyient DLM Ltd.

15 Oct 2025

Cyient DLM (CYIENTDL IN) Q2FY26 Result Update B2S...

Accumulate: Cyient DLM Ltd.

Target

Prabhudas Lilladhar

Cyient DLM Ltd. has an average target of 503.67 from 4 brokers.

Cyient DLM Ltd.

15 Oct 2025

Revenue degrew, however margins improved

Accumulate: Cyient DLM Ltd.

Recommendation Target

Deven Choksey

The company is witnessing a temporary softness led by the completion of large defense orders and muted PCBA volumes, however the growth trajectory is expected to revive meaningfully from Q4 FY26 onward.

Cyient DLM Ltd. has an average target of 503.67 from 4 brokers.

Cyient DLM Ltd.

14 Oct 2025, 12:00AM

Favorable business mix supports margin expansion

Buy: Cyient DLM Ltd.

Target

Motilal Oswal

Cyient DLM’s (CYIENTDL) 2QFY26 consolidated revenue/EBITDA declined ~20%/1% YoY to INR3.1b/INR312m. However, EBITDA margins expanded 190bp YoY to 10% (est. 9.7%), led by a better business mix (higher Aerospace mix of 37%).

Cyient DLM Ltd. has an average target of 503.67 from 4 brokers.

Cyient DLM Ltd.

06 Aug 2025

Modest Revenue growth, margins strengthened

Buy: Cyient DLM Ltd.

Deven Choksey

Cyient DLM’s Q1FY26 performance was a sharp miss to our estimates, led by a decline in defense segment, driven by completion of a order from a large customer last year.

Cyient DLM Ltd. has an average target of 503.67 from 4 brokers.

Cyient DLM Ltd.

25 Jul 2025

Result Update:Cyient

Hold: Cyient DLM Ltd.

Axis Direct

we resume our coverage with a HOLD rating on the stock.

Cyient DLM Ltd. has an average target of 503.67 from 4 brokers.

Cyient DLM Ltd.

23 Jul 2025

Cyient DLM (CYIENTDL IN) Q1FY26 Result Update Defense...

Accumulate: Cyient DLM Ltd.

Target

Prabhudas Lilladhar

We cut our earnings estimates by 2.5% for both FY26/FY27E mainly with correction in OI. However, CYIENTDL is confident to report 10%+ EBITDA margin in FY26 with improvement in revenue through gradual pickup in orderbook. We have revised TP to Rs540 (Rs546 earlier), based on 30x FY27E earnings and maintain our recommendation to Accumulate'. CYIENTDL defense segment got impacted due to completion of contract from domestic client (BEL), with the order book remained flat YoY to Rs 21bn. However, the company remains positive on maintaining book to bill ratio to >1x in FY26. In...

Cyient DLM Ltd. has an average target of 503.67 from 4 brokers.

Cyient DLM Ltd.

25 Apr 2025

Cyient (CYL IN) Q4FY25 Result Update Weak performance,...

Hold: Cyient DLM Ltd.

Prabhudas Lilladhar

the operating performance of the company at the fag end of the quarter. The impact was visible across verticals and geographies (ex-Europe). The management indicated that the softness should continue in the subsequent quarters, however the degree of impact would be lesser than that of Q4. We believe the combination of CYL's structural challenges along with the...

Cyient DLM Ltd. has an average target of 503.67 from 4 brokers.

Cyient DLM Ltd.

24 Apr 2025

Cyient DLM (CYIENTDL IN) Q4FY25 Result Update Defense...

Accumulate: Cyient DLM Ltd.

Prabhudas Lilladhar

even after excluding the one off in Q4FY25, CYIENTDL is confident to report 10%+ EBITDA margin in FY26. We have revised TP to Rs546 (Rs692 earlier), based on 30x FY27E earnings and downgrade our recommendation to Accumulate' from BUY'. CYIENTDL defense segment got impacted due to completion of contract from domestic client, with the order book declining 12% YoY to Rs 19bn. However, company remains positive about securing robust orderbook from Q2FY26 onwards mainly from International clients. The management indicated that the contracts secured from Boeing Global Services...

Cyient DLM Ltd. has an average target of 503.67 from 4 brokers.

Cyient DLM Ltd.

22 Apr 2025

Slowdown in orders stifles near-term growth visibility

Buy: Cyient DLM Ltd.

Target

Motilal Oswal

Cyient DLM’s (CYIENTDL) 4QFY25 consolidated revenue/EBITDA grew ~18%/51% YoY. EBITDA margins surpassed our estimates, expanding 290bp YoY, led by a favorable product mix, operational efficiencies, and one-offs (~250bp).

Cyient DLM Ltd. has an average target of 503.67 from 4 brokers.

Cyient DLM Ltd.

21 Jan 2025

Slowdown in order flows dampens growth visibility

Buy: Cyient DLM Ltd.

Target

Motilal Oswal

Cyient DLM’s (CYIENTDL) 3QFY25 consolidated revenue/EBITDA grew by ~38%/23% YoY. However, EBITDA missed our estimates as margins declined 90bp YoY due to a high mix of low-margin business (BEL order execution)