ICICI Direct's research report on Cyient
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%.
We continue to remain positive and retain our BUY rating on the stock. We value Cyient at Rs 1,200 i.e. 18x P/E on FY24E EPS.