Subscribe to Cyient DLM: Geojit

Geojit has come out with its report on Cyient DLM. The research firm has recommended to “ Subscribe ” the ipo in its research report as on June 26, 2023.

Broker Research

June 26, 2023 / 15:12 IST

IPO

Geojit IPO report on Cyient DLM

Cyient DLM Limited (CDL) is an integrated Electronic Manufacturing Services (EMS) and solutions provider with a focus on the entire life cycle of a product, including design, build, and maintenance. CDL’s solutions primarily comprise the manufacture of: (i) printed circuit board (PCB) assembly (PCBA), (ii) cable harnesses, and (iii) box builds, which are used in safety-critical systems in Aerospace &Defence, Medical, Industrial and Railways. Incorporated in 1993, CDL leverages the design capabilities of the Promoter, Cyient Limited, a leading engineering services provider with over three decades of domain expertise providing engineering and design solutions.

Valuation and Outlook

CDL has a bright future ahead considering its robust order book, reduced debt post IPO and strong promoter backing augurs well for the company. We assign a “Subscribe” rating for the issue on a short to medium term basis.

For all recommendations report, click here

Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.