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Cyient DLM is currently trading at Rs. 565.95, up by 10.05 points or 1.81% from its previous closing of Rs. 555.90 on the BSE. The scrip opened at Rs. 560.00 and has touched a high and low of Rs. 568.75 and Rs. 557.45 respectively. So far 7628 shares were traded on the counter. The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 586.00 on 25-Aug-2023 and a 52 week low of Rs. 401.00 on 10-Jul-2023. Last one week high and low of the scrip stood at Rs....
Cyient DLM trades higher on the BSE
Propelled by robust services segment Cyient Ltd., formerly known as Infotech Enterprises, is one of the leading players in the IT-enabled services space, providing services to the Engineering Research and Development segment. • In Q1FY24, consolidated revenue grew by 34.9% YoY due to strong growth in the services segment. The revenue from digital engineering & Technology (DET) grew by 37.1% YoY, driven by Transportation and Sustainability verticals. • EBIT margin improv...
Small Cap : Accumulate Cyient Ltd For Target Rs. 1,813 By Geojit Financial Services
Cyient surges on collaborating with Microsoft Aug-07-2023 12:08 Hrs IST Cyient is currently trading at Rs. 1612.00, up by 49.95 points or 3.20% from its previous closing of Rs. 1562.05 on the BSE. The scrip opened at Rs. 1575.00 and has touched a high and low of Rs. 1612.00 and Rs. 1568.15 respectively. So far 27424 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 1615.85 on 07-Aug-2023 and a 52 we...
Cyient surges on collaborating with Microsoft
Propelled by strong services revenue... Cyient Ltd., formerly known as Infotech Enterprises, is one of the leading players in the IT-enabled services space, providing services to the Engineering Research and Development segment. • In Q4FY23, consolidated revenue grew by 48.3% YoY due to sturdy growth in the services segment. The revenue from consolidated services grew by 47.3% YoY, driven by Transportation and Sustainability verticals. • EBIT margin lowered by 21bps to 14.2...
Accumulate Cyient Ltd For Target Rs. 1,360 - Motilal Oswal Financial Services
Momentum remains strong; robust outlook for FY24 Another quarter of solid performance * CYL reported 4QFY23 revenue growth of 6.6% QoQ in CC, beating our estimate of 5.4% QoQ CC. Growth was largely driven by the consolidated service business (+3.2% CC QoQ). DLM grew ~26.5% QoQ v/s our estimate of 24.2% growth. * Q4 growth was led by the Transportation vertical (up 12.9% QoQ CC), followed by sustainability (3.1% QoQ CC). Growth in connectivity (3.3% QoQ CC) and new growth areas (0.8% ...
Buy Cyient Ltd For Target Rs. 1360 - Motilal Oswal Financial Services
Cyient is currently trading at Rs. 1140.75, up by 49.30 points or 4.52% from its previous closing of Rs. 1091.45 on the BSE. The scrip opened at Rs. 1136.25 and has touched a high and low of Rs. 1194.10 and Rs. 1129.20 respectively. So far 88964 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 1,194.10 on 21-Apr-2023 and a 52 week low of Rs. 724.00 on 03-Nov-2022. Last one week high and low of the scrip stood at ...
Cyient touches 52-week high on reporting 6% rise in Q4 consolidated net profit
Good 3Q delivery, improving outlook Sustained performance can drive valuation rerating * CYL reported 3QFY23 revenue growth of 13.4% QoQ in CC, largely coming through the full-quarter consolidation of Citec. Excluding the inorganic impact, its Services business grew by 3.7% QoQ CC vs our estimates of 3.1% QoQ. DLM grew by 22.8% QoQ, beating our estimate of 18.1% QoQ growth. * 3Q growth was led by A&D, Energy and Utility verticals, up 10.2%, 5.8% and 4.6% QoQ, respective...
Buy Cyient Ltd For Target Rs.1,100 - Motilal Oswal Financial Services
Maintain revenue guidance of US$1 bn in FY24; DLM business files for IPO About the stock: Cyient Ltd (Cyient) offers engineering & development services to aerospace & defence, transportation, E&U, communication and others. * Cyient has 300 customers across 14 countries * Net debt free and healthy cash flow with OCF/EBITDA ~80% Q3FY23 Results: Cyient reported strong Q3 results. * Services grew 11.9% QoQ in CC terms with organic contribution of 3.7% * Nor...
Buy Cyient Ltd For Target Rs. 1020 - ICICI Direct
Cyient is currently trading at Rs. 955.70, up by 3.35 points or 0.35% from its previous closing of Rs. 952.35 on the BSE. The scrip opened at Rs. 959.75 and has touched a high and low of Rs. 964.00 and Rs. 941.40 respectively. So far 5140 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 964.45 on 23-Mar-2022 and a 52 week low of Rs. 724.00 on 03-Nov-2022. Last one week high and low of the scrip stood at Rs. 964.0...
Cyient rises on entering into partnership with Thingtrax
The Indian IT and electronics leaders on Sunday urged the Centre to lift certain tariffs and announce incentive schemes for sectors impacted by recession in the Union Budget for FY24. Pankaj Mohindroo, Chairman of India Cellular and Electronics Association (ICEA), said that tariffs on inputs and components are an important barrier to increasing localisation. "However, some of the smaller tariffs should be done away with to support local businesses and bring ease of doing business. ...
Give incentives for sectors impacted by economic meltdown in budget: IT leaders
Powered by strong services revenue Cyient Ltd., formerly known as Infotech Enterprises, is one of the leading players in the IT-enabled services space, providing services to the Engineering Research and Development segment. * Cyient reported a strong quarterly result with a revenue of Rs.1,618.2 cr, up 36.7% YoY, led by the services segment. The revenue from services was Rs. 1,379.8cr expanded by 43% YoY and DLM grew by 10% YoY to 238.4cr. * EBIT expanded by 30.8% YoY to 213.4cr and ...
Small Cap : Buy Cyient Ltd For Target Rs. 1,076 By Geojit Financial Services
Buy Cyient Ltd For Target Rs.1,060 At $168m (1.4% q/q, ~8% y/y; both est. org.), Cyient’s Services growth has persisted over the last few quarters amid the brighter outlook on Aerospace. Outside acquisitions, growth was higher in core services. Orders were $237m, up 18% y/y (LTM up 14% y/y) with management expecting higher growth in Q4. The Services EBIT margin was 13.9%, up from 12.5% in Q2 on stretched utilization though. The DLM Business grew well in Q3 but operating and order det...
Cyient Ltd : Services growth picking up, margins improve; Buy - Anand Rathi Shares and Stock Brokers
Cyient is currently trading at Rs. 901.55, up by 18.35 points or 2.08% from its previous closing of Rs. 883.20 on the BSE. The scrip opened at Rs. 891.80 and has touched a high and low of Rs. 917.65 and Rs. 887.00 respectively. So far 29684 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 1051.45 on 13-Jan-2022 and a 52 week low of Rs. 724.00 on 03-Nov-2022. Last one week high and low of the scrip stood at Rs. 90...
Cyient shines on reporting 18% rise in Q3 consolidated net profit
BENGALURU - Indian engineering and tech firm Cyient Ltd on Thursday reported a better-than-expected 37% jump in quarterly revenue on the back of a slew of acquisitions that helped counter a weak demand in an uncertain economic environment. The Hyderabad-based company benefited from the four acquisitions it did last year, including its largest ever of Finnish engineering services firm Citec which helped expand its footprint in Europe. Cyient's consolidated revenue from operation...
India's Cyient reports strong Q3 revenue as acquisitions pay off
Focus on execution returning We attended Cyient’s Analyst Meet on 18th Nov-22 in Hyderabad, which provided greater visibility on the company’s efforts to achieve steady profitable growth. The company acknowledged the gaps in its portfolio and operations and has put robust strategy in place to fill those gaps. Key focus areas of the renewed strategy include – 1) investing in 5 pillars (potential high growth industries) to benefit from the ongoing mega trends identified by ...
Buy Cyient For Target Rs 793 - ICICI Securities
Focus on execution returning We attended Cyient’s Analyst Meet on 18th Nov-22 in Hyderabad, which provided greater visibility on the company’s efforts to achieve steady profitable growth. The company acknowledged the gaps in its portfolio and operations and has put robust strategy in place to fill those gaps. Key focus areas of the renewed strategy include – 1) investing in 5 pillars (potential high growth industries) to benefit from the ongoing mega trends identified by ...
Buy Cyient Ltd For Target Rs. 932 By ICICI Securities
Technical Observations • The Nifty IT has generated a breakout above the last three months range and is seen sustaining above the 52 weeks EMA signalling positive bias. Within the midcap IT space we expect Cyient to continue with its positive momentum as it has generated a breakout above the falling supply line joining highs of April (|952) and September 2022 (| 886) signalling reversal of the corrective trend and resumption of up move • The stock has also generated a breakout...
Stock Picks : Buy Cyient Ltd For Target Rs.925 By ICICI Direct
Wider services and Sales investments to improve FY24 growth; Buy To reduce concentration and thus raise expectations of steady organic revenue growth, Cyient diversified its services portfolio in FY23 via acquisitions. It is working toward building a sharper sales organization to benefit from its wider services. Order intake (in Q2) has yet to improve notably but the large-deal pipeline ($1bn+) reflects early gains. Services margins are likely to touch 15% with operational rigor (mostly hi...
Cyient Ltd : Wider services and Sales investments to improve FY24 growth; Buy Says Anand Rathi Shares and Stock Brokers
Focus on newer areas to drive growth We attended CYL’s investor day, where the management said its focus is on five growth pillars to accelerate towards the five megatrends in its end-markets. It also discussed plans to double down on Automotive, Healthcare, Communication, and Sustainability, and shared its outlook on the DLM business. It reiterated its guidance, with a strong demand and growth outlook, and aims to improve EBITDA margin by 300-350bp over the next six quar To focus...
Buy Cyient Ltd For Target Rs. 910 - Motilal Oswal Financial Services
Aiming at US$1 bn revenues in FY24 About the stock: Cyient Ltd (Cyient) offers engineering & development services to aerospace & defence, transportation, E&U, communication and others. * Cyient has 300 customers across 14 countries * Net debt free and healthy cash flow with OCF/EBITDA ~80% Q2FY23 Results: Cyient reported acquisition led strong Q2 results. * Services revenue grew 12.3% QoQ in CC terms & group revenue grew 10% QoQ in CC terms * Normalised servi...
Buy Cyient Ltd For Target Rs. 910 - ICICI Direct
Good margin performance and valuation adds to comfort * CYL reported a 2QFY23 revenue growth of 10% QoQ in USD CC terms (largely due to acquisition-related benefits), 110bp below our estimate. Excluding the inorganic impact, its Services business grew 3% QoQ CC (in line). DLM remained weak, declining by 3.3% QoQ. * The management maintained its organic revenue growth guidance of 13-15% in CC terms in FY23. With the closure of the Citec acquisition in 2Q, it expects acquisitions to add a...
Buy Cyient Ltd For Target Rs. 910 - Motilal Oswal Financial Services
Cyient is currently trading at Rs. 847.60, up by 6.15 points or 0.73% from its previous closing of Rs. 841.45 on the BSE. The scrip opened at Rs. 853.05 and has touched a high and low of Rs. 853.05 and Rs. 844.60 respectively. So far 728 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 1292.00 on 19-Oct-2021 and a 52 week low of Rs. 725.65 on 07-Jul-2022. Last one week high and low of the scrip stood at Rs. 857.0...
Cyient moves up on completing acquisition of Sentiec Oyj, Citec Engineering India
Cyient is currently trading at Rs. 778.65, up by 7.85 points or 1.02% from its previous closing of Rs. 770.80 on the BSE. The scrip opened at Rs. 777.00 and has touched a high and low of Rs. 792.00 and Rs. 775.00 respectively. So far 10442 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 1292.00 on 19-Oct-2021 and a 52 week low of Rs. 725.65 on 07-Jul-2022. Last one week high and low of the scrip stood at Rs. 792...
Cyient rises on inking multi-year deal with Honeywell
On acquisition spree! Cyient announced acquisition of Celfinet, a Portugal-based international wireless engineering services company focused on providing end-to-end ‘network planning and performance optimisation’ services. With this acquisition, Cyient aims to strengthen its wireless engineering practice to support communication service providers (CSPs) and enterprises in deploying their pervasive connectivity networks at scale. This will also enable enterprises to build networ...
Buy Cyient Ltd For Target Rs. 1,200 - ICICI Securities
Global technology solutions company Cyient on Monday announced that it had signed definitive agreements to acquire Portugal-based wireless engineering services firm Celfinet. Cyient will acquire Celfinet for 41 million euros, the company said in a statement. With this acquisition, Cyient will strengthen its wireless engineering practice to support communication service providers (CSPs) and enterprises in deploying their pervasive connectivity networks at scale. This will also enable ...
Cyient to acquire Portugal-based Celfinet to boost wireless communications offerings
Cyient is currently trading at Rs. 882.25, up by 16.90 points or 1.95% from its previous closing of Rs. 865.35 on the BSE. The scrip opened at Rs. 886.20 and has touched a high and low of Rs. 911.15 and Rs. 873.80 respectively. So far 12069 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 1292.00 on 19-Oct-2021 and a 52 week low of Rs. 726.05 on 03-May-2021. Last one week high and low of the scrip stood at Rs. 91...
Cyient jumps on partnering with IITH, WiSig Networks
Guides 13-15% CC growth for FY23; acquires Citec About the stock: Cyient Ltd (Cyient) offers engineering & development services to aerospace & defence, transportation, E&U, communication and others Cyient has 300 customers across 14 countries Net debt free and healthy cash flow with OCF/EBITDA ~80% Q4FY22 Results: Cyient reported muted Q4FY22 result Services revenue grew 1.2% QoQ (0.4% in CC) while DLM revenues declined 9.4% QoQ. This led to overall revenue decline ...
Hold Cyient Ltd For Target Rs. 1,000 - ICICI Direct
Key News TVS Racing, Petronas join hands to launch co-branded lubricant oil After becoming the technical partner of the MercedesAMG Petronas Formula One Team and making strides in MotoGP through Petronas Sepang Racing Team, Malaysian oil and gas giant Petronas has joined hands with TVS Motor Company's TVS Racing, India’s first factory racing team As part of the tie up, TVS Racing has been rechristened Petronas-TVS Racing and both the players have launched co-branded lubrica...
Key News - TVS Motor Company, Bharat Heavy Electricals Limited, Future Group, Air India, Cyient Ltd By ARETE Securities
Citec acquisition to add Plant Engineering capabilities CYL announced the acquisition of Sentiec Oyj (Citec) on 25th Apr’22 for a net enterprise value of EUR94m. Citec was founded in CY84 and focuses on Plant and Product Engineering services. It has customers across the Energy, Process, O&G, and Manufacturing space. Deal bolsters CYL’s Plant and Product Engineering capabilities in Europe The acquisition of Citec (CYL biggest acquisition till date) should help the latt...
Buy Cyient Ltd For Target Rs. 1,000 - Motilal Oswal
Technology solutions company Cyient on Monday announced to acquire Finland-based Citec, a global plant and product engineering services company, for an undisclosed sum. According to Cyient, this is the largest outbound acquisition by an Indian engineering services company and its largest acquisition to date. The acquisition will strengthen its presence in the energy industry with a focus on clean energy and expand its European footprint in the Nordic countries of Finland, Norway and Swe...
Indian tech firm Cyient acquires Finland-based Citec
Ambitious FY23 guidance, but valuations remains inexpensive See potential upside from an improvement in margin Revenue fell 0.4% QoQ in USD CC terms in 4QFY22, but was above our estimate of -1.1% QoQ USD CC. The beat was led by both Services (+1.6% QoQ USD CC) and DLM (-9.3% QoQ USD). Growth in Services was driven by Portfolio (10% QoQ), Aerospace (3.9%), and Communications (3.5%), while growth in Rail Transportation (-9.5%) was weak. EBIT margin rose 60bp QoQ to 14.5% in 4QFY22 (200...
Buy Cyient Ltd For Target Rs. 1,000 - ICICI Securities
Strong print, favourable valuations Cyient has reported group revenue of US$156.7mn in Q4FY22. Although revenue declined 0.8% QoQ US$ and 0.4% QoQ CC, it was slightly better than our estimate. Services revenue stood at US$130.6mn, up 1.1% QoQ (1.6% in CC), while DLM revenue declined 9.3% QoQ. C&U witnessed sequential growth of 3.8% and portfolio was relatively flat; marginal decline in transportation growth was due to rail transportation. Margin performance was strong at 14.5% (+60bps,...
Buy Cyient Ltd For Target Rs. 1,037 - ICICI Securities
Cyient is currently trading at Rs. 888.90, up by 3.95 points or 0.45% from its previous closing of Rs. 884.95 on the BSE. The scrip opened at Rs. 884.20 and has touched a high and low of Rs. 902.00 and Rs. 884.20 respectively. So far 2532 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 1292.00 on 19-Oct-2021 and a 52 week low of Rs. 590.35 on 19-Feb-2021. Last one week high and low of the scrip stood at Rs. 907....
Cyient rises on launching private 5G Networks Center of Excellence
DLM impacted, services to drive growth… About the stock: Cyient Ltd (Cyient) offers engineering & development services to aerospace & defence, transportation, E&U, communication and others. * Cyient has 300 customers across 14 countries * Net debt free and healthy cash flow with OCF/EBITDA ~80% Q3FY22 Results: Cyient reported strong Q3FY22 results. * Services revenue grew 3.6% QoQ (4.4% in CC) while DLM revenues grew 12.8% QoQ. This resulted into ov...
Buy Cyient Ltd For Target Rs. 1,200 - ICICI Direct
Cyient is currently trading at Rs. 972.00, up by 15.30 points or 1.60% from its previous closing of Rs. 956.70 on the BSE. The scrip opened at Rs. 957.00 and has touched a high and low of Rs. 982.50 and Rs. 948.50 respectively. So far 13008 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 1292.00 on 19-Oct-2021 and a 52 week low of Rs. 511.00 on 22-Jan-2021. Last one week high and low of the scrip stood at Rs. 10...
Cyient surges on reporting 38% rise in Q3 consolidated net profit
Demand getting more robust and clear Cyient reported Q3FY22 revenue of USD157.9mn (up 5.2% QoQ), slightly ahead of our/Street’s estimate of USD156mn/USD157.6mn. Margin stood at 13.9%, beating our and Street’s estimates of 12.8% and 13.1%, respectively. Normalised PAT stood at INR1,317mn, up 8.5% QoQ. The company won seven large deals with total contract potential of USD68.8mn: six from Services, one from DLM. Management highlighted that demand is robust and there is a struct...
Buy Cyient Ltd For Target Rs.1,350 - Edelweiss Financial Services
Cyient is currently trading at Rs. 997.00, up by 6.45 points or 0.65% from its previous closing of Rs. 990.55 on the BSE. The scrip opened at Rs. 999.00 and has touched a high and low of Rs. 1010.50 and Rs. 990.05 respectively. So far 13199 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 1292.00 on 19-Oct-2021 and a 52 week low of Rs. 443.50 on 21-Dec-2020. Last one week high and low of the scrip stood at Rs. 10...
Cyient trades in green on the bourse
Our Take: Cyient (formerly known as Infotech Enterprises Ltd) is witnessing continued opportunities in the communication space due to increasing investments in broadband networks across the globe especially in North America and Europe. It also won a major multiyear deal in Q2FY22 from a UK client to accelerate broadband deployment. Cyient expects demand from mining sector in H2FY22 as mining activity remains strong. Besides, the growth opportunity could continue in medical devices and mini...
Update On Cyient Ltd By HDFC Securities
Margin guidance revised upward… About the stock: Cyient Ltd (Cyient) offers engineering & development services to aerospace & defence, transportation, E&U, communication and others. * Cyient has 300 customers across 14 countries * Net debt free and healthy cash flow with OCF/EBITDA ~80% Q2FY22 Results: Cyient reported strong Q2FY22 results. * Services revenue grew 4.5% QoQ while DLM revenues grew 5.4% QoQ. This resulted into overall revenue growth o...
Buy Cyient Ltd For Target Rs.1,420 - ICICI Direct
Strong margin outlook to drive further re-rating Valuations inexpensive; maintain Buy * Cyient (CYL)’s 2QFY22 revenue grew 4.6% QoQ in USD terms (moderately higher than our estimate of 4% QoQ growth). This was led by broad-based growth in Services (+4.4%) and DLM (+5.4%). The recent acquisition of Workforce Delta contributed 0.7% to Services revenue in 2QFY22. The management retained its double-digit growth guidance in FY22 in the Services business, while DLM growth is expected to...
Buy Cyient Ltd For Target Rs.1,380 - Motilal Oswal
Cyient is currently trading at Rs. 1182.55, up by 24.55 points or 2.12% from its previous closing of Rs. 1158.00 on the BSE. The scrip opened at Rs. 1202.00 and has touched a high and low of Rs. 1214.00 and Rs. 1163.05 respectively. So far 22684 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 1172.35 on 14-Oct-2021 and a 52 week low of Rs. 365.25 on 15-Oct-2020. Last one week high and low of the scrip stood at R...
Cyient trades higher on reporting 45% rise in Q2 consolidated net profit
Value BUY in an overheated small cap universe! Revenue was marginally ahead of our estimates. Services segment remained stable while DLM (-20% QoQ, USD) witnessed a sharp drop led by seasonality. Within services, aerospace, communications and utilities verticals grew in the range of 2-4.4% QoQ (USD). Services’ EBIT margin expanded 100bps QoQ – led by operational optimization and lower SG&A spends. However, negative operating leverage at DLM remained a drag on overall mar...
Buy Cyient Ltd For Target Rs.1,135 - ICICI Securities
Healthy revenue, margin trajectory… About the stock: Cyient Ltd (Cyient) offers engineering & development services to aerospace & defence, transportation, E&U, communication and others. *( Cyient has 300 customers across 14 countries * Net debt free and healthy cash flow with OCF/EBITDA ~80% Q1FY22 Results: Cyient reported weak Q1FY22 results. * Services revenue declined 0.3% QoQ to US$119.3 mn * However, margins came in at 13.1% (highest...
Buy Cyient Ltd For Target Rs. 1,140- ICICI Direct
Double-digit growth in Services to drive re-rating Valuations inexpensive; maintain Buy * Cyient (CYL)’s 1QFY22 revenue de-grew 4% QoQ in USD terms (in line with our estimate). This was led by 20% QoQ decline in the DLM business (on negative seasonality) and a flattish performance in the Services business. The USD3m impact during the quarter was attributable to supply-led issues. The management retained its guidance for double-digit growth in the Services business and 20% YoY...
Neutral Cyient Ltd For Target Rs. 1,090 - Motilal Oswal
Healthy revenue, margin trajectory… Cyient reported a healthy set of Q4FY21 numbers. Overall revenues increased 6.0% QoQ to US$149.9 million mainly led by 3.7% QoQ (2.5% QoQ organic growth) growth in services revenues to US$119.6 million and 16.4% QoQ growth in DLM revenues to US$30.3 million. The growth in services revenues was due to 2.9% QoQ growth in transportation, 2.5% QoQ growth in communication and utility segment. Overall EBIT margin increased 148 bps QoQ to 12.6% mainly le...
Buy Cyient Ltd For Target Rs.825 - ICICI Direct
Welcome consistency in performance & outlook! Revenue growth (+4.7% QoQ, CC) and normalised EBIT margin (12.6%) were ahead of our estimates. Sequentially, growth was driven largely by DLM while strong operational improvements in services business led ~140bps EBIT margin expansion. Within services, A&D and E&U fared well. Strong increase in order intake (US$238mn, ~22% QoQ) came as a surprise. This strength seems to reflect structural changes Cyient had undertaken in the recent...
Buy Cyient Ltd For Target Rs.900 - ICICI Securities
Buy Cyient Ltd For Target Rs. 810 - Motilal Oswal Strong customer acquisition; Distribution segment healthy * 4QFY21 was another robust quarter in an overall strong year for ISEC. PAT more than doubled YoY to INR3.3b (45% beat), driven by 54% growth in revenue, coupled with significantly lower C/I ratio. * In FY21, ISEC delivered 50%/97% revenue/PAT growth. We increase our FY22E/FY23E EPS estimate by ~10% to factor in healthy brokerage revenue. Maintain Buy with a TP of INR650/s...
Buy Cyient Ltd : Re-rating to continue on double-digit Services growth in FY22E - Motilal Oswal
Buy Cyient Ltd For Target Rs.660 Re-rating likely on better margin profile and lack of A&D drag Inexpensive valuation – Upgrade to Buy * CYL’s 3QFY21 revenue growth at 4.7% QoQ in USD terms (v/s our estimate of 3%) was led by a 24.8% increase in DLM and 1% (flat organically) increase in the Services business. The management expects growth in 4QFY21 to touch 4QFY20 levels, along with a QoQ margin improvement. It feels its troubled Aerospace & Defense vertical has...
Re-rating likely on better margin profile and lack of A&D drag - Motilal Oswal
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