Buy Cyient; target of Rs 910: ICICI Direct

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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%.

Outlook

We maintain our BUY rating on the stock. We value Cyient at Rs 910 i.e. 14x P/E on FY25E EPS.

For all recommendations report, click here

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Cyient - 171022 - icici