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Cyient DLM Valuation Multiples

Discover Cyient DLM's revenue and EBITDA valuation multiples and M&A history, alongside public comparables like Cresco, Sky ICT, Rimini Street, I'LL Japan and more.

Cyient DLM Overview

About Cyient DLM

Cyient DLM Ltd is engaged in integrated Electronic Manufacturing Services (EMS) and solutions providers with capabilities across the value chain and the entire life cycle of a product, including design, build, and maintenance. Its solutions comprise the manufacture of the printed circuit board (PCB) assembly (PCBA), cable harnesses, and box builds which are used in safety-critical systems such as cockpits, inflight systems, landing systems, and medical diagnostic equipment, which the company provides to its clients as B2P or B2S services.


Founded

1993

HQ

India

Employees

743

Financials (LTM)

Revenue: $140M
EBITDA: $14M

EV

$381M

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Cyient DLM Financials

Cyient DLM reported last 12-month revenue of $140M and EBITDA of $14M.

In the same LTM period, Cyient DLM generated $57M in gross profit, $14M in EBITDA, and $7M in net income.

Revenue (LTM)


Cyient DLM P&L

In the most recent fiscal year, Cyient DLM reported revenue of $135M and EBITDA of $17M.

Cyient DLM is profitable as of last fiscal year, with gross margin of 39%, EBITDA margin of 13%, and net margin of 6%.

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LTMLast FY202320242025202620272028
Revenue$140M$135M$115M$150M$138M
Gross Profit$57M$53M$26M$39M$50M
Gross Margin40%39%23%26%37%
EBITDA$14M$17M$13M$16M$17M
EBITDA Margin10%13%11%11%12%
EBIT Margin7%7%8%7%7%
Net Profit$7M$8M$6M$7M$7M
Net Margin5%6%5%5%5%
Net Debt-$3M---

Financial data powered by Morningstar, Inc.

Cyient DLM Stock Performance

Cyient DLM has current market cap of $378M, and enterprise value of $381M.

Market Cap Evolution


Cyient DLM's stock price is $4.76.

Cyient DLM share price increased by 7.3% in the last 30 days, and decreased by 7.5% in the last year.

Cyient DLM has an EPS (earnings per share) of $0.10.

See more trading valuation data for Cyient DLM
EVMarket CapPrice 1DPrice 1MPrice 3MPrice 12MEPS
$381M$378M0.9%7.3%63.5%-7.5%$0.10

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Cyient DLM Valuation Multiples

Cyient DLM trades at 2.7x EV/Revenue multiple, and 26.3x EV/EBITDA.

See NTM and 2027E valuation multiples for Cyient DLM

EV / Revenue (LTM)


Cyient DLM Financial Valuation Multiples

As of June 5, 2026, Cyient DLM has market cap of $378M and EV of $381M.

Cyient DLM has a P/E ratio of 51.7x.

LTMLast FY202320242025202620272028
EV/Revenue2.7x2.8x3.3x2.5x2.8x
EV/EBITDA26.3x22.4x29.0x23.4x22.5x
EV/EBIT38.8x41.9x43.7x36.8x41.2x
EV/Gross Profit6.7x7.2x14.6x9.7x7.6x
P/E51.7x49.6x67.5x54.8x50.5x
EV/FCF108.0xn/m(54.5x)(33.2x)(172.9x)

Multiples above and below 250x are considered non-meaningful (n/m). Valuation data powered by FactSet, Inc. and Morningstar, Inc.

Verified Cyient DLM Valuation Multiples

Access all public comps and forward-looking valuation multiples like EV/Revenue in 2027, based on consensus analyst estimates. Powered by FactSet and Morningstar.

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Cyient DLM Margins & Growth Rates

Cyient DLM grew revenue by 22% and EBITDA by 5% in the last fiscal year.

In the most recent fiscal year, Cyient DLM reported gross margin of 39%, EBITDA margin of 13%, and net margin of 6%.

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Cyient DLM Margins

Last FY202420252026202720282029
Gross Margin39%26%37%41%
EBITDA Margin13%11%12%11%
EBIT Margin7%7%7%8%
Net Margin6%5%5%6%
FCF Margin1%(8%)(2%)7%

Cyient DLM Growth Rates

FY+1/FY23/2424/2525/2626/2727/2828/29
Revenue Growth22%30%(8%)13%
Gross Profit Growth26%50%29%25%
EBITDA Growth5%24%4%4%
EBIT Growth44%19%(11%)30%
Net Profit Growth30%23%8%25%
FCF Growth1428%64%(81%)(623%)

Data powered by FactSet, Inc. and Morningstar, Inc.

Cyient DLM Operational KPIs

Cyient DLM's revenue per employee in the last FY averaged $0.2M, while opex per employee averaged $0.1M for the same period.

Cyient DLM's Rule of 40 is 24% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).

Cyient DLM's Rule of X is 44% (created by Bessemer, Rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).

Access forward-looking KPIs for Cyient DLM
LTMLast FY202320242025202620272028
Rule of 4033%24%---
Bessemer Rule of X66%44%---
Revenue per Employee-$0.2M---
Opex per Employee-$0.1M---
S&M Expenses to Revenue--1%1%1%
G&A Expenses to Revenue--1%1%2%
R&D Expenses to Revenue--0%0%0%
Opex to Revenue-33%15%19%30%

Data powered by FactSet, Inc. and Morningstar, Inc.

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Cyient DLM Competitors

Cyient DLM competitors include Cresco, Sky ICT, Rimini Street, I'LL Japan, Proact IT Group, Noventiq, Novabase, Change Holdings, Saudi AZM and Tasuki Holdings.

Most Cyient DLM public comparables operate across IT Consulting.

EV/RevenueEV/EBITDA
Last FYLTM2027ELast FYLTM2027E
Cresco0.8x0.7x6.7x-
Sky ICT1.6x1.6x8.8x9.7x
Rimini Street0.8x0.8x4.7x6.4x
I'LL Japan2.7x2.7x10.8x-
Proact IT Group0.7x0.7x7.3x6.9x
Noventiq----
Novabase2.6x-16.3x-
Change Holdings1.4x1.2x4.1x-

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Acquisitions by Cyient DLM

Cyient DLM has acquired 1 company to date.

Last acquisition by Cyient DLM was on October 4th 2024. Cyient DLM acquired Altek Electronics for $29M (EV/Revenue multiple available to Pro users).

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Latest Acquisitions by Cyient DLM

Altek Electronics
Description
Altek Electronics supplies testing equipment for food, beverage, and aerosol packaging industries. Products include panel strength testers, leak detectors, enamel raters, and calibration stations for cans and bottles. Based in the United States, it supports quality control in production lines.
HQ CountryUnited States
HQ City
Torrington, CT
Deal Date4 Oct 2024
Valuation$29M
EV/Revenue
EV/EBITDA

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Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples

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About Cyient DLM

When was Cyient DLM founded?Cyient DLM was founded in 1993.
Where is Cyient DLM headquartered?Cyient DLM is headquartered in India.
How many employees does Cyient DLM have?As of today, Cyient DLM has over 743 employees.
Is Cyient DLM publicly listed?Yes, Cyient DLM is a public company listed on National Stock Exchange of India.
What is the stock symbol of Cyient DLM?Cyient DLM trades under CYIENTDLM ticker.
When did Cyient DLM go public?Cyient DLM went public in 2023.
Who are competitors of Cyient DLM?Cyient DLM main competitors include Cresco, Sky ICT, Rimini Street, I'LL Japan, Proact IT Group, Noventiq, Novabase, Change Holdings, Saudi AZM, Tasuki Holdings.
What is the current market cap of Cyient DLM?Cyient DLM's current market cap is $378M.
What is the current revenue of Cyient DLM?Cyient DLM's last 12 months revenue is $140M.
What is the current revenue growth of Cyient DLM?Cyient DLM revenue growth (NTM/LTM) is 22%.
What is the current EV/Revenue multiple of Cyient DLM?Current revenue multiple of Cyient DLM is 2.7x.
What is the current EBITDA of Cyient DLM?Cyient DLM's last 12 months EBITDA is $14M.
What is Cyient DLM's EBITDA margin?Cyient DLM's last 12 months EBITDA margin is 10%.
What is the current EV/EBITDA multiple of Cyient DLM?Current EBITDA multiple of Cyient DLM is 26.3x.
What is the current FCF of Cyient DLM?Cyient DLM's last 12 months FCF is $4M.
What is Cyient DLM's FCF margin?Cyient DLM's last 12 months FCF margin is 3%.
What is the current EV/FCF multiple of Cyient DLM?Current FCF multiple of Cyient DLM is 108.0x.
How many companies Cyient DLM has acquired to date?As of June 2026, Cyient DLM has acquired 1 company.
What was the largest acquisition by Cyient DLM?$29M acquisition of Altek Electronics on 4th October 2024 was the largest M&A Cyient DLM has done to date.
What companies Cyient DLM acquired?Cyient DLM acquired Altek Electronics.
In how many companies Cyient DLM has invested to date?Cyient DLM hasn't invested in any companies yet (or none have been disclosed publicly).

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