Cyient DLM (NSE:CYIENTDLM) Piotroski F-Score: 7 (As of Jul. 27, 2026) — 17% Above Median

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NSE:CYIENTDLM Cyient DLM Ltd NSE:CYIENTDLM
85 GF Score
Price ₹670.45
GF Value ₹634.08
Valuation Fairly Valued
! 8 Warning Signs
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What is Cyient DLM Piotroski F-Score?

Cyient DLM NSE:CYIENTDLM +0.80% 85 Piotroski F-Score is 7 as of Jul. 27, 2026, which is 17% above its 10-year median of 6.00. GuruFocus rates NSE:CYIENTDLM with a GF Score™ of 85/100 and a GF Value™ of ₹634.08 (Fairly Valued). The stock has 8 warning signs investors should review. Among 320 Aerospace & Defense companies, Cyient DLM ranks better than 87.19% on this metric.

Good Sign:

Piotroski F-Score is 7, indicates a very healthy situation.

The zones of discrimination were as such:

Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3

Cyient DLM has an F-score of 7. It is a good or high score, which usually indicates a very healthy situation.

The historical rank and industry rank for Cyient DLM's Piotroski F-Score or its related term are showing as below:

NSE:CYIENTDLM' s Piotroski F-Score Range Over the Past 10 Years
Min: 2   Med: 6   Max: 7
Current: 7

During the past 6 years, the highest Piotroski F-Score of Cyient DLM was 7. The lowest was 2. And the median was 6.

Cyient DLM  (NSE:CYIENTDLM) Piotroski F-Score Explanation

The developer of the system is Joseph D. Piotroski is relatively unknown accounting professor who shuns publicity and rarely gives interviews.

He graduated from the University of Illinois with a B.S. in accounting in 1989, received an M.B.A. from Indiana University in 1994. Five years later, in 1999, after earning a Ph.D. in accounting from the University of Michigan, he became an associate professor of accounting at the University of Chicago.

In 2000, he wrote a research paper called "Value Investing: The Use of Historical Financial Statement Information to Separate Winners from Losers" (pdf).

He wanted to see if he can develop a system (using a simple nine-point scoring system) that can increase the returns of a strategy of investing in low price to book (referred to in the paper as high book to market) value companies.

What he found was something that exceeded his most optimistic expectations.

Buying only those companies that scored highest (8 or 9) on his nine-point scale, or F-Score as he called it, over the 20 year period from 1976 to 1996 led to an average out-performance over the market of 13.4%.

Even more impressive were the results of a strategy of investing in the highest F-Score companies (8 or 9) and shorting companies with the lowest F-Score (0 or 1).

Over the same period from 1976 to 1996 (20 years) this strategy led to an average yearly return of 23%, substantially outperforming the average S&P 500 index return of 15.83% over the same period.


Cyient DLM Piotroski F-Score Related Terms


Cyient DLM Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Cyient DLM's Piotroski F-Score can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Cyient DLM Piotroski F-Score Chart

Cyient DLM Annual Data
Trend Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Piotroski F-Score
Get a 7-Day Free Trial N/A 5.00 7.00 2.00 7.00

Cyient DLM Quarterly Data
Mar21 Mar22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Piotroski F-Score Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.00 0.00 0.00 7.00 0.00

NSE:CYIENTDLM vs SPCX, GE, RTX: Piotroski F-Score Comparison

For the Aerospace & Defense subindustry, Cyient DLM's Piotroski F-Score, along with its competitors' market caps and Piotroski F-Score data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Cyient DLM Piotroski F-Score vs Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, Cyient DLM's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Cyient DLM's Piotroski F-Score falls into.


NSE:CYIENTDLM
85GF Score
Cyient DLM Ltd NSE:CYIENTDLM
Piotroski F-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

How is the Piotroski F-Score calculated?

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

This Year (Mar26) TTM:Last Year (Mar25) TTM:
Net Income was ₹733 Mil.
Cash Flow from Operations was ₹539 Mil.
Revenue was ₹12,615 Mil.
Gross Profit was ₹5,093 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was (16939.13 + 16421.86) / 2 = ₹16680.495 Mil.
Total Assets at the begining of this year (Mar25) was ₹16,939 Mil.
Long-Term Debt & Capital Lease Obligation was ₹1,328 Mil.
Total Current Assets was ₹12,223 Mil.
Total Current Liabilities was ₹4,916 Mil.
Net Income was ₹681 Mil.

Revenue was ₹15,196 Mil.
Gross Profit was ₹4,114 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was (16032.76 + 16939.13) / 2 = ₹16485.945 Mil.
Total Assets at the begining of last year (Mar24) was ₹16,033 Mil.
Long-Term Debt & Capital Lease Obligation was ₹1,946 Mil.
Total Current Assets was ₹12,817 Mil.
Total Current Liabilities was ₹5,338 Mil.

*Note: If the latest quarterly/semi-annual/annual total assets data is 0, then we will use previous quarterly/semi-annual/annual data for all the items in the balance sheet.

Profitability

Question 1. Return on Assets (ROA)

Net income before extraordinary items for the year divided by Total Assets at the beginning of the year.

Score 1 if positive, 0 if negative.

Cyient DLM's current Net Income (TTM) was 733. ==> Positive ==> Score 1.

Question 2. Cash Flow Return on Assets (CFROA)

Net cash flow from operating activities (operating cash flow) divided by Total Assets at the beginning of the year.

Score 1 if positive, 0 if negative.

Cyient DLM's current Cash Flow from Operations (TTM) was 539. ==> Positive ==> Score 1.

Question 3. Change in Return on Assets

Compare this year's return on assets (1) to last year's return on assets.

Score 1 if it's higher, 0 if it's lower.

ROA (This Year)=Net Income/Total Assets (Mar25)
=732.82/16939.13
=0.04326196

ROA (Last Year)=Net Income/Total Assets (Mar24)
=680.76/16032.76
=0.04246056

Cyient DLM's return on assets of this year was 0.04326196. Cyient DLM's return on assets of last year was 0.04246056. ==> This year is higher. ==> Score 1.

Question 4. Quality of Earnings (Accrual)

Compare Cash flow return on assets (2) to return on assets (1)

Score 1 if CFROA > ROA, 0 if CFROA <= ROA.

Cyient DLM's current Net Income (TTM) was 733. Cyient DLM's current Cash Flow from Operations (TTM) was 539. ==> 539 <= 733 ==> CFROA <= ROA ==> Score 0.

Funding

Question 5. Change in Gearing or Leverage

Compare this year's gearing (long-term debt divided by average total assets) to last year's gearing.

Score 0 if this year's gearing is higher, 1 otherwise.

Gearing (This Year: Mar26)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar25 to Mar26
=1328.31/16680.495
=0.07963253

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=1945.68/16485.945
=0.11802053

Cyient DLM's gearing of this year was 0.07963253. Cyient DLM's gearing of last year was 0.11802053. ==> This year is lower or equal to last year. ==> Score 1.

Question 6. Change in Working Capital (Liquidity)

Compare this year's current ratio (current assets divided by current liabilities) to last year's current ratio.

Score 1 if this year's current ratio is higher, 0 if it's lower

Current Ratio (This Year: Mar26)=Total Current Assets/Total Current Liabilities
=12223.01/4915.73
=2.48650963

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=12816.67/5337.55
=2.40122715

Cyient DLM's current ratio of this year was 2.48650963. Cyient DLM's current ratio of last year was 2.40122715. ==> This year's current ratio is higher. ==> Score 1.

Question 7. Change in Shares in Issue

Compare the number of shares in issue this year, to the number in issue last year.

Score 0 if there is larger number of shares in issue this year, 1 otherwise.

Cyient DLM's number of shares in issue this year was 79.399. Cyient DLM's number of shares in issue last year was 79.565. ==> There is smaller number of shares in issue this year, or the same. ==> Score 1.

Efficiency

Question 8. Change in Gross Margin

Compare this year's gross margin (Gross Profit divided by sales) to last year's.

Score 1 if this year's gross margin is higher, 0 if it's lower.

Gross Margin (This Year: TTM)=Gross Profit/Revenue
=5092.74/12614.85
=0.40370991

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=4114.32/15196.26
=0.27074557

Cyient DLM's gross margin of this year was 0.40370991. Cyient DLM's gross margin of last year was 0.27074557. ==> This year's gross margin is higher. ==> Score 1.

Question 9. Change in asset turnover

Compare this year's asset turnover (total sales for the year divided by total assets at the beginning of the year) to last year's asset turnover ratio.

Score 1 if this year's asset turnover ratio is higher, 0 if it's lower

Asset Turnover (This Year)=Revenue/Total Assets at the Beginning of This Year (Mar25)
=12614.85/16939.13
=0.74471652

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=15196.26/16032.76
=0.94782558

Cyient DLM's asset turnover of this year was 0.74471652. Cyient DLM's asset turnover of last year was 0.94782558. ==> Last year's asset turnover is higher ==> Score 0.

Evaluation

Piotroski F-Score= Que. 1+ Que. 2+ Que. 3+Que. 4+Que. 5+Que. 6+Que. 7+Que. 8+Que. 9
=1+1+1+0+1+1+1+1+0
=7

Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3

Cyient DLM has an F-score of 7. It is a good or high score, which usually indicates a very healthy situation.

Frequently Asked Questions Learn more about Piotroski F-Score →
What does a Piotroski F-Score of 7 mean?
Cyient DLM (NSE:CYIENTDLM) has a Piotroski F-Score of 7 as of Jul. 27, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Cyient DLM and its competitors. This is 17% above median its historical median of 6.00. Over the past decade, Cyient DLM's Piotroski F-Score has ranged from 2.00 to 7.00. According to the industry distribution chart, Cyient DLM ranks #41 out of 320 companies in the Aerospace & Defense industry, placing it in the top 12.8%.
Is Cyient DLM's Piotroski F-Score too high?
Cyient DLM's current Piotroski F-Score of 7 is 17% above median its 10-year median of 6.00. Over the past 10 years, this metric has ranged from a low of 2.00 to a high of 7.00. The Aerospace & Defense industry median Piotroski F-Score is 5.00. Cyient DLM's value of 7 is 40% above this industry median. Based on the distribution chart, Cyient DLM ranks #41 out of 320 companies in the Aerospace & Defense industry, which is in the top quartile — a strong position relative to peers. Overall, Cyient DLM has a GF Score™ of 85/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Cyient DLM's Piotroski F-Score compare to SPCX and GE?
According to the Aerospace & Defense industry distribution chart, Cyient DLM ranks #41 out of 320 companies for Piotroski F-Score. This places Cyient DLM in the top 13% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. Cyient DLM's value of 7 is 40% above this benchmark. Historically, Cyient DLM's own Piotroski F-Score has ranged from 2.00 to 7.00 over the past decade. While the company's 10-year median is 6.00 vs. the industry median of 5.00, Cyient DLM has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Piotroski F-Score for an Aerospace & Defense company?
The median Piotroski F-Score among Aerospace & Defense companies is 5.00, based on 320 companies in the industry. Companies in the top quartile (top 25%) have a Piotroski F-Score significantly above this median, while those in the bottom quartile fall well below. However, Piotroski F-Score should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Cyient DLM's current Piotroski F-Score of 7 is 40% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Piotroski F-Score mean?
A high Piotroski F-Score can signal that a stock is expensive relative to its fundamentals. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Cyient DLM and its competitors. For the Aerospace & Defense industry, the median Piotroski F-Score is 5.00 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Cyient DLM's current Piotroski F-Score is 7, which is 17% above median its own 10-year median of 6.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Cyient DLM stock overvalued right now?
Based on GuruFocus' analysis, Cyient DLM (NSE:CYIENTDLM) is currently considered Fairly Valued. The stock's GF Value™ is ₹634.08, compared to a current price of ₹670.45 — trading 5.7% above its estimated fair value. The current Piotroski F-Score is 7, which is 17% above median its 10-year median of 6.00 and 40% above the Aerospace & Defense industry median of 5.00. Cyient DLM's overall GF Score™ is 85/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Piotroski F-Score calculated?
Piotroski F-Score is calculated from a company's financial statements. For Cyient DLM (NSE:CYIENTDLM), the current Piotroski F-Score is 7 as of Jul. 27, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Cyient DLM (NSE:CYIENTDLM) Overvalued in 2026?

Based on GuruFocus' analysis, Cyient DLM stock appears to be overvalued. The current stock price of ₹670.45 is trading 5.7% above its estimated GF Value™ of ₹634.08. GuruFocus considers Cyient DLM to be Fairly Valued.

Key valuation signals for NSE:CYIENTDLM:

  • Piotroski F-Score: 7 (17% above median its 10-year median of 6.00)
  • GF Value™: ₹634.08 vs. price of ₹670.45 (5.7% above fair value)
  • GF Score™: 85/100 with 8 warning signs
  • Industry Position: 40% above the Aerospace & Defense median (#41 of 320)

No single metric tells the full story. See the NSE:CYIENTDLM stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Cyient DLM Business Description

Other Exchanges 543933:India
Address Plot no.347, D1 &2, KIADB, Electronics City, Hebbal Industrial Area, Mysuru, KA, IND, 570016
Cyient DLM Ltd is principally engaged in providing total electronic manufacturing solutions in the fields of medical, industrial, automotive, telecommunication, defense and aerospace applications and machining of components for aerospace, automotive and defense industries. The company's industries are Aerospace & Defense, Healthcare and Lifesciences, Industrial, and Automotive. The Company's operations fall within a single operating segment "Electronic manufacturing solutions" which is considered as the primary reportable business segment. The company has presence in India, APAC (Excluding India), NAM, and EMEA. The company generates majority of revenue from EMEA.
85GF Score

Get the complete analysis for NSE:CYIENTDLM

Piotroski F-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₹670.45
Price
₹634.08
GF Value