Synopsis: Cyient is in focus after being selected for a key role in a Rs 4,500-crore project to upgrade a semiconductor fab in Mohali, strengthening its position in India’s growing chip-making ecosystem.

The shares of this leading multinational technology company, focused on engineering, manufacturing, data analytics, and networks and operations, are in focus after bagging a key role in a Rs 4,500-crore project to upgrade a semiconductor fab in Mohali. In this article, we will dive more into the details of it.

With a market capitalisation of Rs 13,122 crore, the shares of Cyient Ltd reached a day’s high of Rs 1,186.90 per share, up 0.8 percent from its previous day’s closing price of Rs 1,178 per share. Over the past five years, the stock has delivered a return of 145 percent, outperforming NIFTY 50’s return of 97 percent.

About the Project

Cyient Semiconductors, through a stock exchange filing, announced that it has been selected to provide technology transfer for the upgrade of a semiconductor fabrication facility located in Mohali, Punjab. This upgrade is part of a larger Rs 4,500-crore government initiative to promote semiconductor manufacturing in India. 

As part of this project, Cyient will provide three key semiconductor process technologies, namely RF-CMOS, BCD (HV LDMOS), and CMOS Image Sensor (CIS). These technologies will expand the upgraded fab’s ability to support a wide range of industrial, automotive, sensing, energy, and connectivity applications.

This project is a significant milestone for Cyient, as it aims to establish itself as a leading player in semiconductor design and manufacturing in India. Through participation in this government mission, Cyient hopes to contribute to the growth of India’s semiconductor ecosystem and enable more indigenous advanced semiconductor-based products.

Financial and Other Highlights

Cyient Ltd reported a revenue from operations of Rs 1,781 crore in Q2 FY26, a decline of 4 percent as compared to Rs 1,849 crore in Q2 FY25. However, on a quarter-on-quarter basis, it grew slightly by 4 percent from Rs 1,712 crore.

Regarding its profitability, the company reported a net profit of Rs 143 crore in Q2 FY26, a decline of 24 percent compared to Rs 187 crore in Q2 FY25. On a quarter-on-quarter basis, profit fell 9 percent from Rs 157 crore, mainly due to reduced margins. Its operating profit margin dropped from 16 percent in Q2 FY25 to 12 percent in Q2 FY26, a decline of 400 bps.

Cyient DLM Limited is mainly involved in the business of total electronic manufacturing solutions in medical, industrial, automotive, telecommunication, defence and aerospace applications as well as machining components for the aerospace, automotive and defence industries. 

On April 8th, 2025, the company announced that it has launched its wholly owned semiconductor subsidiary – Cyient Semiconductors Private Limited. This new company will take advantage of Cyient’s semiconductor design expertise to develop and scale turnkey Application Specific Integrated Circuit solutions for customers.

Written by Satyajeet Mukherjee

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