CYIENT / Q3-FY26 / claim-ledger

Audit the questions that mattered.

Cyient · Analyst questions, management answers, and the quality of the response where the ledger is available.

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PositiveQ3-FY26 · 2026-02-10Back to quarter ↗

Questions audited

11

Answered directly

91%

Numeric claims

1

Consistency

contradicted

Question ledger

What was answered, and how?

Sep Sha · Experious Securities

direct

Why did acquired company's revenue decline despite AI infra growth? Is 3.5x price-to-sales expensive?

the company did pivot away from consumer and smartphone a few years back... they did divest some of their non-core non-strategic business... the multiple will work out to be around three times revenue... the median multiple for this kind of a company is anywhere between 5 to 6x.

Sep Sha · Experious Securities

direct

What is current revenue and industrial mix of acquired company?

The current revenue of the company estimated for this year is $40 million. The products are predominantly in power... spread across a few segments: industrial, data center, consumer.

Sep Sha · Experious Securities

direct

Will the acquisition be EBITDA positive next year?

Yes. Next year they should the EBITDA will be positive... excluding the intangible amortization.

Sep Sha · Experious Securities

partial

How will the acquisition be financed?

we have adequate cash to meet all these requirements... we will look at all possible instruments to optimize the shareholder value as we execute this deal including some instruments such as debt.

Sep Sha · Experious Securities

direct

Will you pursue more acquisitions after this one?

our intent is to really rapidly scale this business... at least from a scaled acquisition at the moment we will really look at how we can digest, integrate and really grow this. Of course there might be tactical acquisitions.

Rajasth · press Capital Chloris

direct

Who are the peers for each of the three business segments?

on the services businesses... Tesla would be a service business for us... on the ASIC turnkey business... e silicon and folks in Europe... on the ASSP business... NPS who are a high growth power company.

Rajasth · press Capital Chloris

direct

What drives revenue and margin trajectory for Kinetic?

the margins in semiconductor businesses about 60% of the margins comes from wafer pricing... the rest comes into assembly and test... you're looking at a 3 to 4% reduction on the COGS side... mid 45 to 50% margin is definitely possible.

Rajasth · press Capital Chloris

partial

What will be the consolidated EBITDA margin in FY26 after integration?

we stick to our commitment of delivering a flat e for the organic business by the end of next year... the combined entity should be EBITDA generating and growing.

Deep Sha · MK Global

direct

What is client concentration, revenue growth, mix, and path to full control?

the deal is structured such that we should be getting anywhere between 70-75% at the end of the deal... for full control the line of sight is a 4-year horizon... revenue trajectory is looking at somewhere around 15-20% growth consistently year-over-year.

Deep Sha · MK Global

direct

What is the current revenue mix among the three pillars?

the ASC business revenue is zero... between ASIC turnkey and services, the share of ASIC turnkey has been consistently increasing today it's roughly around 35%... in the medium term we expect ASIC turnkey to be about 50% of the revenue mix.

Deep Sha · MK Global

direct

How will the revenue mix look after Kinetic acquisition?

at the end of FY27 the revenue mix should be that ASSP business will be almost 50% of our business 50 to 55%, the custom turnkey at that level will be 30% of the business and the rest of services around 15%.