Cyient Ltd., incorporated in the year 1991, is a Mid Cap company (having a market cap of Rs 12188.32 Crore) operating in IT Software sector.
Cyient Ltd. key Products/Revenue Segments include Software Development Charges for the year ending 31-Mar-2020.
Financials
For the quarter ended 30-09-2021, the company reported a Consolidated Total Income of Rs 1126.50 Crore, up 3.93 % from last quarter Total Income of Rs 1083.90 Crore and up 11.25 % from last year same quarter Total Income of Rs 1012.60 Crore. Company reported net profit after tax of Rs 121.30 Crore in latest quarter.
Investment Rationale
Cyient’s focus on large deals, client mining, strong relationship with clients, healthy order book and timely acquisitions to support its product solutions profile could result in healthy revenue trajectory in coming years. This, coupled with recovery in aerospace division and healthy deal pipeline in DLM bodes well for revenue growth. ER&D segment in India is on a structural upmove and Cyient being one of the key players could benefit out of it. Also the worst phase of commercial aerospace is over; from here on, there should be gradual pick-up, led by Avionics upgrades and MRO revival.
Promoter/FII Holdings
Promoters held 23.43 per cent stake in the company as of 30-Sep-2021, while FIIs owned 36.92 per cent, DIIs 21.54 per cent.
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