Getty ImagesCyient, incorporated in the year 1991, is a Mid Cap company (having a market cap of Rs 12737.69 Crore) operating in IT Software sector.
Cyient key Products/Revenue Segments include Software Development Charges for the year ending 31-Mar-2022.
Financials
For the quarter ended 31-03-2023, the company has reported a Consolidated Total Income of Rs 1751.90 Crore, up 6.45 % from last quarter Total Income of Rs 1645.70 Crore and up 42.36 % from last year same quarter Total Income of Rs 1230.60 Crore. Company has reported net profit after tax of Rs 163.20 Crore in latest quarter.
The company’s top management includes Mr.B V R Mohan Reddy, Mr.Vivek Narayan Gouir, Mr.Vinai Thummalapally, Mr.Vikas Sehgal, Ms.Matangi Gowrishankar, Mr.Alain De Taeye, Mr.Ajay Aggarwal, Mr.Karthikeyan Natarajan, Mr.Krishna Bodanapu, Mr.M M Murugappan, Mr.Ramesh Abhishek. Company has S R Batliboi & Associates LLP as its auditors. As on 31-03-2023, the company has a total of 11 Crore shares outstanding.
The company's service segment is shaping up quite well, with positive momentum in most of its growth engines (excluding Rail, Consulting and Utility). Conversely, other segments are on the verge of recovery and should incrementally contribute to its overall growth in FY24E. Current valuations at 14x/12x FY24E/FY25E EPS of INR73.9/INR85.3 appear attractive, giving the brokerage more comfort to maintain its BUY rating.
Promoter/FII Holdings
Promoters held 23.36 per cent stake in the company as of 31-Mar-2023, while FIIs owned 32.61 per cent, DIIs 24.88 per cent.
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