Cyient Ltd., incorporated in the year 1991, is a Mid-Cap company (with a market cap of Rs 11503.97 Crore) operating in IT Software sector.
Cyient Ltd. key Products/Revenue Segments include Software Development Charges for the year ending 31-Mar-2020.
Investment Rationale
Healthy deal pipeline improving the visibility: The DLM business is expected to grow in the range of 15 per cent to 20 per cent and Operating Margins to improve by 250bps-300bps. The deal pipeline continues to look healthy at $63 mn (6 deals in the pipeline). Growth in key accounts and a few large deals wins (4 key deals in fibre, wireless, system integration, and 5G rollout) and accelerated deployment of 5G led segment significantly contributed to the Communication vertical’s growth. The company’s outlook remains positive, supported by robust investments in technology-led network transformation and accelerated deployment of broadband and wireless infrastructure.
Financials
For the quarter ended 30-09-2021, the company has reported a Consolidated Total Income of Rs 1126.50 Crore, up 3.93 per cent from last quarter Total Income of Rs 1083.90 Crore and up 11.25 per cent from last year same quarter Total Income of Rs 1012.60 Crore. Company has reported net profit after tax of Rs 121.30 Crore in latest quarter.
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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